1Q13 Earnings Results

Disclaimer

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.

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Agenda

3

Highlights

Results Analysis

Perspectives

1Q13 Highlights

4

IFRS 10 AND IFRS 11:

CCR no longer consolidates its joint ventures in a proportional manner and now reports the

results from these companies under equity income.

TRAFFIC:

Consolidated traffic increased by 2.0% compared to 1Q12.

TOLLS COLLECTED BY ELECTRONIC MEANS:

The number of STP users expanded 14.9% compared to March 2012, reaching 3,875

thousand active tags.

NET INCOME:

Increase of 16.6% compared to 1Q12, amounting R$ 336.7 million, due to a better

operational and financial performance.

Key Indices

Net Income expansion of 16.6% despite the temporary contraction of Adjusted EBITDA Mg...

...due to Barcas addition, which still in the initial phase.5

1 Net Operational Revenues excludes Construction Revenues.

² The adjusted EBIT margin was calculated by dividing the EBIT by net revenues, excluding construction revenues, because

this is an IFRS requirement, whose counterpart in the same amount impacts total costs.

³ Adjustment excluding Barcas, which was added to our portfoilio in 2012.4 Calculated without non cash expenses: depreciation and amortization, maintenance provision and settlement of prepaid

expenses.

Net Revenues1 1.089,1 1.206,2 10,7%

EBIT 575,6 605,6 5,2%

Adjusted EBIT Mg.2 52,9% 50,2% -2.7 p.p.

EBIT on the same basis3 575,6 610,7 6,1%

EBIT Mg. on the same basis3 52,9% 52,1% -0.8 p.p.

Adjusted EBITDA4 729,7 783,6 7,4%

Adjusted EBITDA Mg. 67,0% 65,0% -2.0 p.p.

Adjusted EBITDA on the same basis3 729,7 784,3 7,5%

Adjusted EBITDA Mg. on the same basis3 67,0% 67,0% 0.0 p.p.

Net Income 288,6 336,7 16,6%

Financial Indicators (R$ MM) 1Q12 1Q13 Chg %

Corporate and Subsequent Events

6

Curaçao: In March, 2013, was signed a Share Purchase and Sales and other Covenants

Contract for the acquisition of 39% of the capital stock of Curaçao Airport Investments

(CAI), in the total amount of US$ 15,546,000. CCR España will own 79.8% of the shares

that represent the capital stock of CAI.

Dividends: Supplementary distribution of dividends for 2012 fiscal year, in the amount o

R$ 0.0570773 per share, for a total of R$ 100.8 million. Payment began on April 30, 2013.

Considering the intermediate dividends paid in October, 2012, in the amount of R$ 953.4

millions, there was a payout of 89.54%.

VLT: On April, 2013, were published the results relative to the contracts of services,

supply and work for the implemantion, operation and maintenance of the VLT (Light Rail

Vehicle) in the port and central area of the city of Rio de Janeiro. The concession will be

for a period of 25 years.

AutoBAn NovaDutra RodoNorte Ponte ViaLagos ViaOeste Renovias RodoAnel SPVias

3.7 0.9

5.8

-1.2

1.2 0.8 3.3

-2.1

9.1 7.7

6.4

10.9

5.3 5.6 4.8

7.9

4.9

13.7

Traffic Toll Revenues

Traffic – Quarter Change

7

Consolidated – Equivalent Vehicle

Revenue and traffic 1Q13 X 1Q12 (%)

1Q08 1Q09 1Q10 1Q11 1Q12 1Q13

140,348

163,241

194,597

228,120 239,841 244,606

AutoBan28.1%

NovaDutra18.0%

ViaOeste13.6%

RodoNorte9.6%

SPVias8.1%STP

3.8%

ViaQuatro3.5%

RodoAnel3.1%

Airports2.7%

Ponte2.5%

Barcas2.4%

Renovias2.2%

ViaLagos1.8% Controlar

0.5%

Others0.1%

1Q10 1Q11 1Q12 1Q13

94% 92% 91% 85%

6% 8% 9% 15%

Toll Others

1Q10 1Q11 1Q12 1Q13

57% 63% 66% 67%

43% 37% 34% 33%

Electronic Cash

Payment

Gross Operating Revenues

Revenue Analysis (Proforma)

8

Revenue Breakdown

1Q12 Depreciationand

Amortization

Third-partyServices

GrantingPower andAdvanced

Expenses

PersonnelCosts

ConstructionCosts

MaintenanceProvision

OtherCosts

1Q13 Ex Barcas 1Q13Ex Barcas

578

705

664

2317 3

37

110 34 12 (41)

Costs Evolution (1Q13 X 1Q12)

9

20%

12% 4%

Total Costs (R$ MM)

33%62% 2% 22%

23%

15%

Barcas andDirect Costs

Wage Increase, Barcas, SPVias

and Samm

ConstructionWorks

BarcasConstruction

of ServiceRoads

CVM 527 Instruction – EBITDA standardizing

10

1

1 Calculation performed according to CVM 527/2012 Instruction.

Concession

FeeIFRS

58,4%

of Mg.65,0%

of Mg.67,0%

of Mg.

1Q13Net Revenue

andConstruction

Revenue

TotalCosts

Depreciation and

Amortization

Equity Incomeand

Minority Shares

1Q13CVM

EBITDA

PrepaidExpenses

Maintenance Provision

Equity Incomeand

Minority Shares

1Q13 Adjusted

EBITDA

Effect of Barcas

1Q13 Adjusted

EBITDA on the same

Basis

1,310.4

35.8 765.5 783.6 784.3

704.7

124.020.5

33.4 (35.8)0.7

Financial Results Highlight

Better financial results reflects the drop in Selic rate and...

...an active management of liabilities with attractive refinancing for the company.11

Net Financial Result (176.0) (137.6) -21.8%

- Income from Hedge Operation (5.9) (5.0) -16.1%

- Monetary Variation (8.1) (7.6) -7.0%

- Exchange Rate Variation on Loans, Financing and Debentures 5.1 2.8 -45.3%

- Present Value Adjustment of Maintenance Provision (14.8) (11.0) -26.0%

- Interest on Loans, Financing and Debentures (171.4) (127.6) -25.6%

- Interest and Investment Income and Other Income 29.6 19.0 -35.7%

- Others¹ (10.5) (8.4) -20.2%

Net Financial Result (R$ MM) 1Q12 1Q13 Chg %

1 Comissions, fees, taxes, fines and interest on taxes

CDI89.8%

IPCA3.7%

TJLP3.1%

USD2.6% IGP-M

0.8%

Debt in March 31, 2013

Gross debt by indexer

Amortization Schedule (R$ ‘000)

• Total Gross Debt: R$ 7.3 B

• Net Debt / EBITDA: 2.1X...

12

2013 2014 2015 2016 From2017

2,092

1,036 1,185

1,809

454

189

CDI USD Others

609

1,861

1,2381,177

2,433

Debt

Leverage ratios indicate a decreasing trend…

...even with the new business, which still do not have a strong cash generation.

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Net Debt / EBITDA LTM

0

2.000

4.000

6.000

8.000

10.000

12.000

1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 1Q12 1Q13

5,565 5,6306,186 6,152 5,893

6,330 6,3447,212 7,018

5,6156,451

5.565 5.6306.186 6.152 5.893

6.330 6.3447.212 7.018

5.6156.451

2.3 2.2 2.32.1

1.9 2.0 1.92.2 2.1

2.0 2.1

-1,5

-1

-0,5

0

0,5

1

1,5

2

2,5

3

0

2.000

4.000

6.000

8.000

10.000

12.000

1T11 2T11 3T11 4T11 1T12 2T12 3T12 4T12 1T13 1T12 1T13

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

5.565 5.6306.186 6.152 5.893

6.330 6.3447.212 7.018

5.6156.451

2.3 2.2 2.32.1

1.9 2.0 1.92.2 2.1

2.0 2.1

-1,5

-1

-0,5

0

0,5

1

1,5

2

2,5

3

0

2.000

4.000

6.000

8.000

10.000

12.000

1T11 2T11 3T11 4T11 1T12 2T12 3T12 4T12 1T13 1T12 1T13

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

Proforma data IFRS10 and 11

1Q13 Realized Investments and Maintenance

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Performed maintenance

AutoBAn 32.1 2.4 34.5 2.7

NovaDutra 17.9 3.0 20.9 21.1

ViaOeste 4.4 1.4 5.8 2.0

RodoNorte (100%) 10.4 0.3 10.7 7.4

Ponte 3.5 1.7 5.2 0.1

ViaLagos 1.3 0.5 1.8 0.0

SPVias 18.5 4.9 23.4 5.5

RodoAnel (100%) 4.6 0.2 4.8 0.0

SAMM 7.5 3.4 10.9 0.0

Barcas 0.9 1.0 1.9 0.0

Other1 -1.7 7.5 5.8 0.0

Consolidated 99.4 26.3 125.7 38.8

1 - Includes CCR, CCR Holanda, CPC, CPCSP and Eliminations.

1Q13 - (R$ MM) Improvements Equipments and Others Total Maintenance Cost

Performed investments

2.2%

4.2%

4.8%

3.8% 3.9%

5.0%4.6% 4.7%

3.9%3.7%

16%

58% 61% 65%

92%85% 85%

127%

90% 90%

-70%

-20%

30%

80%

130%

2,0%

3,0%

4,0%

5,0%

6,0%

7,0%

1 2 3 4 5 6 7 8 9 10

Div. Yield Payout

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

183

263

500547

580

714 709 672

899

1,177

Net Income

Commitment to pay at least 50% of net income as dividends to shareholders

Dividends (Cash)

2%

4%

5%

4% 4%

5%5% 5%

4%

16%

58% 61% 65%

92%85% 85%

127%

90%

-70%

-20%

30%

80%

130%

2%

3%

4%

5%

6%

7%

1 2 3 4 5 6 7 8 9

Div. Yield Payout1

1 Considers the average share price in the year

15

2,2%

4,2%

4,8%

3,8% 3,9%

5,0%4,6% 4,7%

3,9%3,7%

16%

58% 61% 65%

92%85% 85%

127%

90% 90%

-70%

-20%

30%

80%

130%

2,0%

3,0%

4,0%

5,0%

6,0%

7,0%

1 2 3 4 5 6 7 8 9 10

Div. Yield Payout

Dividends 2012

0.06

0.54 Interim

Complementary

2012 Cash dividends paid

per share for the year 2012

Milestone Concession Awarded Acquisition Concession Extension

IPO

(2002)STP

(2003)Follow-on

(April 2004)ViaOeste

(October 2004)RodoNorte

(2005)

AutoBAn +

ViaOeste

Concession

Extension (2006)ViaQuatro

(2006)

USA

(2007)

(2008)RenoVias

RodoAnel

(2008)Controlar

(2009)

Follow-on

(2009)

SP VIAS

(2010)

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Via Lagos

Concession

Extension (2011)

2012:

• Airports: Quito, San

José and Curaçao

• Barcas

• Transolímpica

Track Record

CCR Track Record: diversification and new bids

VLT

(2013)

Thank you

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