brazil infrastructure concessions - airports june 28, 2012

Brazil Infrastructure Concessions - Airports

June 28, 2012

Brazilian Current Scenario

NUMBER OF AIRPORTS IN BRAZIL

2.498 - Airports

2.464 Domestic Airports(public and private)

2.431 - Airports Administrated by States and Municipalities

34 International Airports 63 Airports Administrated by Infraero

4 International Airports Under Concession

What is the role of Infraero?

What is the role of Infraero?

R$ 5,551,500.000.00 (US 2,775,750.00)*

Brazilian Current Scenario – Investment Requirements

* Estimated by Infraero

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Timeline of a Bidding Procedure

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2011 Precedents (SGA, GRU, BSB e VCP) Guarulhos, Brasília, Viracopos and São Gonçalo do Amarante

Guarulhos Brasília Campinas São Gonçalo do Amarante

Object Terminal Building, Maintenance and OperationAirport Building,

Maintenance and Operation (green field)

Term 20 years 25 years 30 years 28 years (25 + 3)

Extension 5 years to recap the economic-financial balance

Forms of Participation Individual form or in Consortium

Limitations to Air Companies

ParticipationMaximum of 2% in the voting Capital Maximum of 10% in the

voting Capital

Minimum Bid R$ 3,4 bi (± US$ 3.7 bi) R$ 582 mi (± US$ 290 mm)

R$ 1,4 bi (± US$ 0.7 bi) R$ 51,7 mi (± US$ 25 mm)

Winnig Bid R$ 16,2 bi (± US$ 8.1 bi)

R$ 4,5 bi (± US$ 2.2 bi)

R$ 3,8 bi (± US$ 1.9 bi) R$ 170 mi (± US$ 85 mm)

GovernmentParticipation 49% through Infraero 0%

2011 Precedents

Future Trends and Investments Opportunities

Financing Opportunities

Silvia Fiszmansilvia@machadomeyer. com.br

Fabio FalkenburgerFfalkenburger@machadomeyer.com.br