2. Disclaimer
This presentation contains forward-looking statements relating to the prospects of the
business, estimates for operating and financial results, and those related to growth
prospects of OHL Brasil.
These are merely projections and, as such, are based exclusively on the expectations of
OHL Brasil’s management concerning the future of the business and its continued access
to capital to fund the Company’s business plan.
Such forward-looking statements depend, substantially, on changes in market conditions,
government regulations, competitive pressures, the performance of the Brazilian
economy and the industry and are, therefore, subject to change without prior notice.
2
3. Agenda
Company Profile
Federal Toll Roads Auction
New Opportunities
Awards
3
4. Organizational Structure
OHL Group
International Group of construction, concessions
and services, listed in Madri Stock Exchange since
1991;
100,0% Founded over 90 years ago and established in 16
countries;
1995-2006 CAGR Net revenue of 32.2%.
60.0%
OHL Concesiones
60,0%
One of the core business of the OHL Group (57%
of total EBITDA of the group in the 1H07;
40.0% Global operator of infrastructures: roads, ports,
airports and railways;
Strong international experience in the
development of efficient capital structure for
projects;
Strategic position in Latin America: Brazil, México
e Chile;
Expertise in Brazil through the OHL Brasil.
100,0% 100,0% 100,0% 100,0% 100,0%
FEDERALS
• Fernão Dias
• Régis Bittercourt
• Curitiba – Div. SC/RS
• Curitiba – Florianópolis
• Div.ES/RJ – P. Río Niterói
4
5. OHL Brasil – Timeline (until 12/31/2007)
Excellent strategic positioning and aggressive acquisition plan have positioned OHL Brasil towards expansion
100%
100%:
94% Autovias 100%: Autovias
9% to 24% 94% Autovias IPO
100% Autovias Centrovias
Autovias Autovias Centrovias OHL Brasil S.A.
Centrovias Centrovias Intervias
Intervias
Vianorte
2000 2001 2002 2003 2004 2005 2006 2007
600 (Est)
430.3
Net Revenue (in R$ millions )
67 % 389.1
GR
6 CA
01-0
268.3
158.8
92.7
32.7
Base Formation Strategic Positioning Expansion
Business feasibility Acquisitions and Current portfolio,
analysis privileged location future growth and Auctions
Note: Data above refer to December 31st of each period, excepted 2007 which consider the Market Consensus.
5
7. Agenda
Company Profile
Federal Toll Roads Auction
New Opportunities
Awards
7
8. Timeline planned in the Bidding Documents
Event
AUCTION ……………………………………..……………………………………………..…… Octuber, 10 - 2007
Auction’s APPROVAL ……………………………………………………………….…….. December, 12 - 2007
Signature of the Concessions Agreements ……………..………………………………. February, 14 - 2008
Start of TOLL COLLECTION ………………….…………………………………………………. August - 2008
End of TOLL COLLECTION ………………………………………………..……………….…….. August - 2033
8
9. Auction’s summary
OHL Brasil obtained 2,078.8 km of the total of 2,600.8 km
Lot 5 Fernão Dias
Highway BR-381
Section Belo Horizonte-São Paulo Lot 3 BR-393/RJ
Lenght 562.1 km / 8 Plazas OHL Brasil didn’t present proposal
Tarrif (R$) R$0.997
Project IRR 8.55%
MG
Lot 1 BR-153/SP Belo Horizonte
OHL Brasil didn’t present proposal Lot 4
ES
Highway BR-101
Vitória
Section ES/RJ border – Río Niterói Bridge
Lot 2 SP Lenght 320.1 km / 5 Plazas
RJ
Highway BR-116 Tarrif (R$) R$2.258
Río de Janeiro
Curitiba-SC/RS Border PR Project IRR 8.01%
Section Sao Paulo
Lenght 412.7 km / 5 Plazas Curitiba
Tarrif (R$) R$2.540 Lot 6 Régis Bittercourt
Project IRR 8.64% SC Highway BR-116
Section São Paulo-Curitiba
Florianópolis Lenght 401.6 km / 6 Plazas
RS Tarrif (R$) R$1.364
Project IRR 8.68%
Porto Alegre
Lot 7
Auction Highway BR-116/376/101
Section Curitiba-Florianópolis
• Auction based in the lowest tariff; Lenght 382.3 km / 5 Praças
Tarrif (R$) R$1.028
• Concession period = 25 years;
Project IRR 8.00%
• Annual tariff readjustment by IPCA (CPI) – based jul/2007;
• Maintenance of the economic-financial balance by the proposal’s IRR;
• Traffic’s risk belongs to concessionaire.
9
10. Methodology of the Traffic Assumptions (Federal Toll Roads)
The best technology available for the traffic assumptions:
Traffic counting in every road in the years 2002, 2005 and 2007;
Performed Surveys of Origin - Destination;
Configuration of a set of road connections relevant to each highway (lot), considering its size, capacity
and preservation;
Construction of travel matrices and distribution of them to different routes through specialized software;
Studies made together with the consultancy Steer Davies Gleave, OHL Concesiones and OHL Brasil;
Projection of future traffic based on the projected GDP and elasticity calculated from historical data. The
average elasticity considered in the proposals is between 1.1 and 1.2;
The traffic forecasting also consider the impacts of improvements in the roads by the conclusion of
investments.
Brazil’s GDP Growth Rates (annual)
4.37%
4.10% 4.05%
4.00%
3.75%
3.50%
3.00%
08 09 10 11-15 16-20 21-25 26-32
10
11. CAPEX / OPEX (Federal Toll Roads)
CAPEX (R$ million real basis – data based jul/07)
CAPEX:
2008-12: 2,186 2,261
Recovery of the roads;
Total 2008-12:
Toll Plazas, Equipments, Vehicles e OCC’s;
R$ 4,158 M
Duplication works;
Recovery of the infrastructure along the roads; 1.196
Construction of citizens overpass, D Turns and 776
others.
2013-33
Maintaining the infrastructure of roads;
Construction of 3ª lanes. 2008 2009 2010-12 2013-33
OPEX (R$ million real basis – data based jul/07)
OPEX: 6,714
Administration and operations expenses;
Users services; Total 2008-12:
Maintenance of Roads and Equipments; R$ 1,525 M
Insurance and Guarantees;
Federal Police Road;
Supervisory Concession.
977
226 322
2008 2009 2010-12 2013-33
11
13. Revenue and EBITDA (Federal Toll Roads)
Results (R$ million real basis – data based jul/07)
90,0%
09-32 CAGR
Revenue: 3.6%
70,0%
66%
EBITDA: 4.9%
49%
50,0%
44% 46%
21,000
30,0%
10,0%
14,286
1,280 -10,0%
575 253 606 630
280
-30,0%
2009 2010 2011-12 2013-32
Net Revenue EBITDA Average EBITDA margin
13
14. Currents Roads e Federal Toll Roads
The road network is located in 5 States: Minas Gerais, Rio de Janeiro, São Paulo, Paraná e Santa Catarina. This States accounts for approximately 50% of
Brazilian population and 64% of the country’s GDP.
Population of 36 millions in the cities close to the roads. The operations area that holds approximately 69% of the Brazilian fleet of vehicles in 2006.
Currents Roads: Federal Toll Roads:
Minas Gerais: Largest producer of coffee and milk;
The prior portfolio was located in the São Paulo State; Rio de Janeiro: Largest producer of oil and one of the main
Sao Paulo: The main economy center and the biggest center of steel industry;
population in Brazil.
São Paulo;
Paraná: Responsible for 23% of Brazilian grains production
and the Porto de Paranaguá is the major in grains exportation;
Santa Catarina: One of the state with the best economic
development index and with an important food industry.
MG
Belo Horizonte
ES
Vitória
SP
RJ
Río de Janeiro
PR São 2005 GDP per capita US$ thousand
SP Curitiba Paulo
Brasil 4.79
Sudeste 6.35
SC
Minas Gerais 4.11
Florianópolis
Rio de Janeiro 6.59
RS
São Paulo 7.39
Sul 5.43
Porto Alegre Paraná 5.07
Santa Catarina 5.97
14
15. OHL Brasil’s position
BEFORE AUCTION AFTER AUCTION
# of Concessions 4 of 37 (10.8%) 9 of 44 (20.5%)
Lenght and Toll Plazas 1.147 km / 23 Plazas 3.226 km / 52 Plazas
Market Share Brazil (per km) 9% 25%
Revenue (pro-forma 2006)1 R$ 589 millions R$ 1.1 billion
Geographic Area São Paulo Northeast Brasil South and Southeast
Portfolio2 R$ 15.9 billions R$ 57.8 billions
Equivalents vehicles (daily) 303.5 thousand 1,530.0 thousand
MARKET SHARE BRAZIL
Bertin (considering the Federal Toll Roads Auction)
Km Equipav CCR CCR REVENUE
Ecorodovias
13% 12% 36%
8%
Triunfo
OHL Brasil Ecorodovias
5%
18% 9%
OHL Brasil
25% Bertin Equipav
Others Others Triunfo 7%
37% 26% 4%
Source: ABCR, ANTT and OHL Brasil
(1) Numbers of the 2006 results which includes revenue expected for 2009 and deflated for 2006 from the 5 lots of federal toll roads recently bided by OHL Brasil.
(2) Portfolio estimated by the sum of nominal net revenue coming from the remained term of the concessions projects.
15
16. Agenda
Company Profile
Federal Toll Roads Auction
New Opportunities
Awards
16
17. New Possible Biddings 2008: São Paulo Roads
State Lots (SP): State Lots (SP)
Ongoing process of the improvement of the São
Paulo State road network.
4
Section Lenght
1 SP. 070 – Rod. Ayrton Senna/Carvalho Pinto 133 Km 5
2 SP. 065 – Rod. Dom Pedro I 297 Km
3 SP. 300 – Rod. Marechal Rondon (East Section) 361 Km
3 2
4 SP. 300 – Rod. Marechal Rondon (West Section) 431 Km
5 SP. 270 – Rod. Rap. Tavares 389 Km 1
1.611 Km
Rodoanel
Rodoanel:
It is a beltway-style road with the objective to improve the traffic
logistic platform in the metropolitan region of São Paulo.
Section Lenght 1
1 West Section 32 Km
2 South Section (To be constructed and after became a concession) 57 Km
87 Km
2
17
18. Agenda
Company Profile
Federal Toll Roads Auction
New Opportunities
Awards
18
19. Our Awards
IRGR (Investors Relations Global Rankings)
- 2006: OHL Brasil - “Award - Website: Financial disclosure best practices and Latin America earnings
release, in Small/Mid cap category”
ABRASCA (Associação Brasileira das Companhias Abertas)
- 2006: OHL Brasil - “Award - Annual Report”
IBTTA (International Bridge, Tunnel and Tumpike Association):
- 2005: INTERVIAS - “IBTTA Toll Excellence Awards”, category of Social Responsibility
- 2001: AUTOVIAS - “International Award IBTTA - Safety in Roads”.
In addiction to IBTTA, ours Concessionaries have already received others awards:
-2005: CENTROVIAS - Top of Quality Environmental, from the actions concerning the licenses for the
duplication of SP-225 Road;
-2005: AUTOVIAS - Award Ambiental Von Martius, with the Education Program “Diffusion of Pau-Brasil
Tree”;
-2003: INTERVIAS - Award Top of Ecology from ADBV, with the Program Environmental Management;
-2004: AUTOVIAS - Award “Denatran for Traffic Education” with the Program Friend from Road;
-2002: INTERVIAS - Award Volvo of Safety Traffic, with the School Project.
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