2. Forward Looking Statement
This presentation contains certain statements that are neither reported financial
results or other historical information. They are forward-looking statements.
Because these forward-looking statements are subject to risks and uncertainties,
actual future results may differ materially from those expressed in or implied by the
statements. Many of these risks and uncertainties relate to factors that are beyond
CCR’s ability to control or estimate precisely, such as future market conditions,
currency fluctuations, the behavior of other market participants, the actions of
governmental regulators, the Company's ability to continue to obtain sufficient
financing to meet its liquidity needs; and changes in the political, social and regulatory
framework in which the Company operates or in economic or technological trends or
conditions, inflation and consumer confidence, on a global, regional or national basis.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this document. CCR does not
undertake any obligation to publicly release any revisions to these forward looking
statements to reflect events or circumstances after the date of this presentation.
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3. Agenda
Highlights
Results
Outlook
Social Responsibility and Datafolha Research
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4. Highlights
Operating
6.3% traffic increase in 2Q07 and 5.5% in 1H07.
Net Revenue totaled R$ 555.7 million (+8.4%) in the 2Q07 and R$
1,101.6 million (+7.2%) in 1H07.
Net Income reached R$ 121.8 million (+56.1%) in the 2Q07 and R$
268.6 million (+38.9%) in 1H07.
34.7% increase in AVI users, totaling 807Qh.
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5. Highlights
Corporative
On May 31, 2007, CCR informed its shareholders and the market that, following
the decision of the Board of Directors of “Northwest Parkway Public Highway
Authority”, the concession agreement with the consortium formed by CCR
(10%) and Brisa – Autoestradas de Portugal S.A. (90%) was approved on a
preliminary basis.
On August 9, 2007, CCR approved the prepayment of dividends for the fiscal
year 2007 proposed by the management, in the amount of R$ 0.82 per share,
totaling R$ 330.5 million, to be paid on August 31, 2007.
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6. Results
2Q07’s results reflect a combination of factors...
R$ Million
Financial Highlights 2Q06 2Q07 Ch. % 1H06 1H07 Ch. %
Net Revenue 512.8 555.7 8.4% 1,027.4 1,101.6 7.2%
(1)
Total Costs (338.2) (313.9) -7.2% (639.4) (599.2) -6.3%
EBIT 174.7 241.8 38.4% 388.0 502.4 29.5%
EBIT Margin 34.1% 43.5% +9.4 p.p. 37.8% 45.6% +7.8 p.p.
(2)
Depreciation and Amortization 87.9 84.2 -4.1% 173.2 164.5 -5.0%
EBITDA 262.6 326.1 24.2% 561.1 666.9 18.8%
EBITDA Margin 51.2% 58.7% +7.5 p.p. 54.6% 60.5% +5.9 p.p.
Net Financial Result (54.1) (45.1) -16.6% (94.3) (88.3) -6.4%
Net Income 78.0 121.8 56.1% 193.4 268.6 38.9%
(1) Total Cost + Administrative Expenses
(2) Includes prepaid expenses
...traffic and reduction of operating costs.
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12. Indebtedness
Current unleveraged balance sheet...
Gross Debt Net Debt
1,622
1,484 1,160
1,347 1,123
1,195 1,103
100%
100%
R$ (million)
R$ (million)
677
77% 1.22
67%
1.06 0.98
0.84
2Q04 2Q05 2Q06 2Q07 2Q04 2Q05 2Q06 2Q07
Short Term Long Term In R$ Net Debt Net Debt / EBITDA LTM
100% In Local currency
...allows great flexibility to participate in new bids.
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13. Indebtedness
Sources of funding are neither a growth boundary...
Source of Funding Long Term Debt Amortization
Other
104.5%-107.3% CDI BNDES
TJLP + 4.5%-5.5% 617
R$ (million)
28% 16%
327
247
30% 26% 200
92
Debentures 85
Debentures 55
IGP-M + 9.5%-11%
103.3%-105% CDI
2007 2008 2009 2010 2011 2012 After 2012
...to the Company’s growth nor to refinancing its current portfolio.
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15. New Businesses
State of São Paulo Concessions
Federal Concessions
Secondary Market
PPP`s
México and United States
Brazil is still the main growth driver.
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17. Culture Policy
The Following cultural projects are being sponsored by CCR in
2007:
•Roda Brasil Circus, CineTela Brasil, over 90,000 people
• Cine Tela Brasil
• Theater: Fica Comigo Esta Noite
• Jogando no Quintal
•São José dos Campos Symphonic Orchestra
• Revelando o Vale
• Festival Vale do Café
•Brasília International Cinema Festival
• Fenata - Ponta Grossa National Theater
Festival
... Over 500,000 people were direct beneficiated
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18. Social Responsibility: since the beginning, 700,000 people were
benefited
• Road to Citizenship: Traffic education classes for children
• Road to Health: Providing access to healthcare services for truckers;
• “On the right hand program”: WCF and CCR jointly fighting against children sexual
exploration
•Humanized Childbirth: Assistance to pregnant women during prenatal period;
• I am “Sangue Bom” and Life Volunteers: Blood donation
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19. Road Concessions - 2007
Continuity of the Concession Program – Favorable - 2007
(spontaneous and single, in %)
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