EARNINGS RESULTS 3Q17OCTOBER, 2017

Disclaimer

2

This presentation may contain certain forward-looking projections and trends that neither

represent realized financial results nor historical information.

These forward-looking projections and trends are subject to risk and uncertainty, and

future results may differ materially from the projections. Many of these risks and

uncertainties are related to factors that are beyond CCR’s ability to control or to estimate,

such as market conditions, currency swings, the behavior of other market participants, the

actions of regulatory agencies, the ability of the company to continue to obtain financing,

changes in the political and social context in which CCR operates or economic trends or

conditions, including changes in the rate of inflation and changes in consumer confidence

on a global, national or regional scale.

Readers are advised not to fully trust these projections and trends. CCR is not obliged to

publish any revision of these projections and trends that should reflect new events or

circumstances after the realization of this presentation.

TRAFFIC:

Consolidated traffic grew by 4.1%.

• ADJUSTED EBITDA:

Adjusted EBITDA on the same-basis* grew 5.7%, with a margin of63.8% (+0.6 p.p.). Adjusted EBITDA fell by 47.8%, with an adjustedmargin of 64.0% (-72.7 p.p.).

NET PROFIT:

Net income on the same-basis* totaled R$433.1 million, 63.1% up. Netincome totaled R$472.3 million, 59.0% down.

3Q17 Highlights

3

1 Excluding the proportional traffic of Renovias and ViaRio.2 Same-basis figures exclude: (i) ViaQuatro, which became a subsidiary in 2Q17; (ii) the non-recurring effect of the sale of STP, of R$1,307.7 million on EBITDA and

R$863.1 million on net income, in 3Q16; and (iii) STP, ViaRio and VLT, in same-basis profit and same-basis pro-forma comparisons.

On October 16, the payment of interim dividends totaling

approximately R$0.44 per share was approved, to be paid as of October

31. Payment will be made to shareholders of record on October 19 and

the shares will be traded ex-dividends as of October 20.

Subsequent Event

Financial Highlights

5

1 Net revenue excludes construction revenue.

2 Same-basis figures exclude: (i) ViaQuatro, which became a subsidiary in 2Q17; (ii) the non-recurring effect of the sale of STP, of R$1,307.7 million on EBITDA and

R$863.1 million on net income, in 3Q16; and (iii) STP, ViaRio and VLT, in same-basis profit and same-basis pro-forma comparisons.

3 Calculated by adding net revenue, construction revenue, cost of services and administrative expenses.

4 The adjusted EBIT and EBITDA margins were calculated by dividing EBIT and EBITDA by net revenue, excluding construction revenue, as required by IFRS.

5 Calculated excluding non-cash expenses: depreciation and amortization, provision for maintenance and the recognition of prepaid concession expenses.

Financial Indicators (R$ MM) 3Q16 3Q17 Chg % 3Q16 3Q17 Chg %

Net Revenues11,778.2 1,983.1 11.5% 2,009.4 2,136.0 6.3%

Adjusted Net Revenues on the same basis21,778.2 1,860.6 4.6% 1,909.6 1,989.8 4.2%

Adjusted EBIT32,118.0 899.7 -57.5% 2,225.9 969.5 -56.4%

Adjusted EBIT Mg.4119.1% 45.4% -73.7 p.p. 110.8% 45.4% -65.4 p.p.

EBIT on the same basis2 810.4 828.6 2.2% 871.2 891.8 2.4%

EBIT Mg. on the same basis2 45.6% 44.5% -1.1 p.p. 45.6% 44.8% -0.8 p.p.

Adjusted EBITDA52,430.7 1,268.9 -47.8% 2,576.8 1,372.8 -46.7%

Adjusted EBITDA Mg.4136.7% 64.0% -72.7 p.p. 128.2% 64.3% -63.9 p.p.

Adjusted EBITDA on the same basis2 1,123.1 1,187.3 5.7% 1,214.1 1,279.9 5.4%

Adjusted EBITDA Mg. on the same basis2 63.2% 63.8% 0.6 p.p. 63.6% 64.3% 0.7 p.p.

Net Income 1,151.1 472.3 -59.0% 1,151.1 472.3 -59.0%

Net Income on the same basis2 265.5 433.1 63.1% 265.5 433.1 63.1%

IFRS Proforma

256,558

275,606 271,966

254,023 250,633 263,150

3Q12 3Q13 3Q14 3Q15 3Q16 3Q17

Traffic – Quarter Change (Proforma*)

6

Consolidated – MM Equivalent Vehicle

Toll Revenue and traffic 3Q17 X 3Q16 (%)

* Information including Renovias and ViaRio.

Excluding

ViaRio

260,562 (+4.1%)

3.3 1.3

16.1

2.0 3.8

1.6 4.4 5.2

-4.6

5.1 6.2

21.0

7.2 7.0 3.6

9.3 8.1

-1.8

AutoBAn NovaDutra Rodonorte ViaLagos ViaOeste Renovias RodoAnelOeste

SPVias MSVia

Traffic Toll Revenues

7

Revenue Analysis (Proforma*)

* Including the proportional results of jointly-owned subsidiaries.

Gross Operating Revenues

(excluding construction revenue) EBITDA Breakdown

Payment Means

Autoban24.3%

NovaDutra14.7%

ViaOeste11.9%Rodonorte

8.7%

Airports8.4%

SPVias7.4%

ViaQuatro5.4%

Metrô Salvador4.1%

MSVia3.2%

RodoAnel3.0%

TAS2.5%

Renovias2.0% CPC

1.8%

Barcas S.A.1.5%

Others1.1%

71% 70% 69% 68%

29% 30% 31% 32%

3Q14 3Q15 3Q16 3Q17

Electronic Cash

90% 91% 85% 86%

4% 5%5% 5%

3% 1% 9% 8%

3% 3% 2% 1%

3Q14 3Q15 3Q16 3Q17

Highways Airports Urban Mobility Services

468

1,776

1,532 1,475

54 26 250 359

2 10

1,334 57

3Q16 3Q16one-off effect

STP

Depreciationand

Amortization

Third-partyServices

GrantingPower andAdvancedExpenses

PersonnelCosts

ConstructionCosts

MaintenanceProvision

OtherCosts*

One-offeffect STP

3Q17 ViaQuatro 3Q17SameBasis

8

Cash cost:

R$ 632 MM

Proforma same-

basis cash costs:

R$ 731 MM (+2.0%)

IFRS Costs Evolution

Total Costs (R$ MM)

Conclusion of civil

works in Rodonorte,

NovaDutra, Metrô

Bahia and BH Airport.

IFRS same-basis

cash costs:

R$ 694 MM (+2.7%)

* Materials, insurance, rent, marketing, trips, electronic means of payment, fuel and other general expenses: Was negative by R$132.7 million in 3Q17, versus a positive R$1,211.5 million in

3Q16, which was influenced by the sale of the stake in STP, totaling R$1,333.9 million

CCR

NovaDutra

INSS contingency

and Collective

bargaining

agreement.

Metrô Bahia e

BH Airport.

10% 21% 44%23% 2% 4% 8%

2,577

1,2691,373

1,280(93)

3Q16ProformaEBITDA

3Q16ProformaEBITDA

one-off effect STP

3Q17ProformaEBITDA

NewProjects

3Q17ProformaEBITDA

Same Basis*

Proforma EBITDA*

9

128.2%

Mg.

* Same-basis figures exclude: (i) ViaQuatro, which became a subsidiary in 2Q17; (ii) the one-off effect of the sale of STP, of R$1,307.7 million on EBITDA and

R$863.1 million on net income, in 3Q16; and (iii) STP, ViaRio and VLT, in same-basis profit and same-basis proforma comparisons

3Q16 Same basis

R$ 1,214 MM

63.6% Mg.

R$ MM

64.3%

Mg.

64.3% Mg.

(+0.7 p.p.)

+5%

467.4

199.1

24.1 24.4

24.1 32.7

( 1.4 ) 177.8

8.8 (8.0 ) (14.3 )

3Q16 NetFinancial Result

Income fromHedge Operation

Monetaryvariation on

loans, financ.and debentures

MonetaryVariation on

Liabilitiesrelated to the

Granting Power

- Exchange RateVariation on

Loans,Financing,

Debentures,Derivatives and

Suppliers

Present ValueAdjustment ofMaintenance

Prov. andLiabilities

related to theGranting Power

Interest onLoans,

Financing andDebentures

InvestmentIncome and

Other Income

Fair Value ofHedge Operation

Others 3Q17 NetFinancial Result

10

57%

Average cash balance 3Q17 x 3Q16 = + 48.8%

Chg. of average CDI 3Q17 X 3Q16 = - 4.9 p.p.

Gross Debt = R$ 14.7 bi (-1.4%)

R$ MM

IFRS Financial Results

3Q17

3Q16

11

• Total Gross Debt: R$ 14.7 bi

(R$15.8 bi proforma)

• Net Debt / EBITDA: 2.2 x

(2.2 x proforma)

Not hedged

Hedged

3Q17

Debt in September 30, 2017

*LTM 3Q17 adjusted EBITDA includes non-recurring effects of the acquisition of stakes in ViaQuatro and ViaRio (R$548.1 million). Excluding these effects on EBITDA,

the Net Debt/EBITDA ratio came to 2.5x (2.4x in proforma figures) in September 2017.

*

Hedged

Indebtedness and leverage position

Gross debt by indexer Hedged gross debt by indexer

CDI37.6%

IPCA26.3%

TJLP24.2%

USD11.9%

CDI78.2%

IPCA3.5%

TJLP16.6%

USD1.7%

CDI56.8%

IPCA11.3%

TJLP24.2%

USD3.6%

Others4.1%

Debt Structure and Amortization

Amortization 2017 - 2018 Amortization Schedule/ Not hedged (R$ MM)

12

Amortization (R$ MM) 2017 2018

CCR S.A. 23 850

AutoBAn 218 751

NovaDutra 192 157

ViaOeste 112 0

CCR Espanha S.L.U. 97 10

CCR USA Airport 80 32

SPVias 74 249

RodoAnel Oeste 53 275

Metrô Bahia 39 602

BH AIRPORT 7 388

RodoNorte 7 172

ViaLagos 3 68

MSVia 3 0

Others 0 216

TOTAL 908 3,769

175

959

2,372

647 360 19

499

95

137

2,835

338

751

1,159

543

1,097

376

530

672

92

92

1,030

2

2017 2018 2019 2020 From2021

CDI TJLP IPCA USD Others

4,3844,300

3,769

908

1,420

13

3Q17 Fundraising

Concessionaire Date Amount (R$ MM) Debt Average Cost Maturity

Metrô Bahia  Jul-17 100.0 BNDES TJLP + 3.18%  Oct-42

CCR Jul-17 300.0 Debentures 107.50% do CDI Jun-20

AutoBAn Jul-17 716.5 Debentures IPCA + 5.4705% Jul-22

ViaQuatro Sep-17 144.5 Debentures CDI + 2.90% May-19

Metrô Bahia  Sep-17 34.0 BNDES TJLP + 3.18%  Oct-42

Total 1,295.0

8,081

9,562 9,82610,413 10,734

12,42312,971

13,94513,261

14,443

10,75911,961 11,801

11,084 10,936

2.0 2.3 2.4 2.5 2.53.0 3.0 3.1

2.2 2.41.8 1.8

2.21.8

2.2

-5.5

-4.5

-3.5

-2.5

-1.5

-0.5

0.5

1.5

2.5

3.5

5,000

7,000

9,000

11,000

13,000

15,000

17,000

19,000

3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 2Q17 3Q17

Net Debt (R$ MM) Net Debt/EBITDA (x)

14

R$ MM

Proforma Data IFRS 10 and 11

Debt

Net Debt / EBITDA LTM R$ MM

*LTM 3Q17 adjusted EBITDA includes non-recurring effects of the acquisition of stakes in ViaQuatro and ViaRio (R$548.1 million). Excluding these effects on EBITDA,

the Net Debt/EBITDA ratio came to 2.5x (2.4x in proforma figures) in September 2017.

1,151

288

433472 39.3

3Q16Net Income

3Q16 Net Incomeone-off effect STP

3Q17Net Income

NewProjects

3Q17 Net IncomeSame Basis

15

R$ MM

Same basis

R$ 265 MM

*

Net Income

* Same-basis figures exclude STP, ViaRio and VLT.

Same basis

(+63.1%)

16

1 - The investments made by the Company, which will be reimbursed by the Granting Authority as monetary consideration or contribution, compose the financial

assets.

2 – The negative values in the Metrô Bahia Works and Improvements column refer to transfers of the intangible asset to the financial asset, resulting from the

rebalancing of the concession contract of Amendment no. 4 to the Metrô Bahia Concession Agreement, as described in the Note 1 to the Quarterly Financial

Information. The figures for financial asset presented in 1Q17 and 2Q17 were rectified to R$ 167.4 milhões and R$ 153.8 million, respectively. In VLT, the figures for

financial asset presented in 1Q17 and 2Q17 were rectified to R$ 15.5 milhões and R$ 22.8 million, respectively.

3 - Includes CCR, CPC and eliminations.

4 – Booking of a site, as described below.

Investments and Maintenance

3Q17 9M17 3Q17 9M17 3Q17 9M17 3Q17 9M17 3Q17 9M17

NovaDutra 29.5 73.4 3.3 7.9 32.8 81.3 10.2 24.5 0.0 0.0

ViaLagos 0.5 1.9 0.4 0.7 0.9 2.6 0.2 0.3 0.0 0.0

RodoNorte (100%) 115.8 241.1 1.8 3.9 117.6 245.0 30.6 44.1 0.0 0.0

AutoBAn 37.5 96.6 2.4 7.5 39.9 104.1 4.9 50.4 0.0 0.0

ViaOeste 10.3 49.8 0.9 4.2 11.2 54.0 3.1 27.3 0.0 0.0

ViaQuatro (100%) 16.4 39.0 0.8 1.6 17.2 40.6 0.0 0.0 0.0 0.0

RodoAnel Oeste (100%) 18.2 46.5 0.5 1.6 18.7 48.1 0.0 0.0 0.0 0.0

Samm 0.1 16.8 3.3 6.3 3.4 23.1 0.0 0.0 0.0 0.0

SPVias 28.5 49.9 1.3 5.0 29.8 54.9 5.9 9.8 0.0 0.0

CAP 11.7 36.5 0.0 0.0 11.7 36.5 0.0 0.0 0.0 0.0

Barcas 0.0 (0.1) 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0

Metrô Bahia2(376.2) 141.4 (1.8) 1.7 (378.0) 143.1 0.0 0.0 689.2 1,010.4

BH Airport 16.0 88.6 0.4 9.0 16.4 97.6 0.0 0.0 0.0 0.0

MSVia 18.7 215.7 1.0 5.5 19.7 221.2 0.0 0.0 0.0 0.0

TAS 0.0 0.1 6.5 10.6 6.5 10.7 0.0 0.0 0.0 0.0

Renovias (40%) 0.4 0.6 0.3 1.5 0.7 2.1 6.3 8.3 0.0 0.0

ViaRio (66.66%) 1.0 2.6 (0.4) 0.6 0.6 3.2 0.0 0.0 0.0 0.0

VLT (24.93%)2 (5.7) (2.6) 0.0 0.1 (5.7) (2.5) 0.0 0.0 5.9 44.1

Quito - Quiport (50%) 4.0 13.4 0.0 0.0 4.0 13.4 0.0 0.0 0.0 0.0

San José - Aeris (48.75%) (1.6) 12.8 0.2 0.4 (1.4) 13.2 0.0 0.0 0.0 0.0

Others3(3.0) (7.1) 4.2 9.0 1.2 1.9 0.0 0.0 0.0 0.0

Total (77.9) 1,116.9 25.1 77.2 (52.8) 1,194.1 61.2 164.7 695.1 1,054.5

SPCP40.0 0.0 31.4 93.7 31.4 93.7 0.0 0.0 0.0 0.0

Intangible AssetsPerformad

Maintenance

R$ MMImprovements

Performa Financial

Asset1Equipments and

OthersTotal Maintenance Cost