3Q13 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.

2

Agenda

3

Highlights

Results Analysis

Perspectives

3Q13 Highlights

4

TRAFFIC:

Consolidated traffic increased by 7.4% compared to 3Q12 and 5.2% compared to 9M12.

TOLLS COLLECTED BY ELECTRONIC MEANS:

The number of STP users expanded 13.9% compared to September 2012, reaching 4,106

thousand active tags.

ADJUSTED EBITDA:

Adjusted EBITDA on the same basis1 increased by 18.1%, reaching 68.1% margin in 3Q13

and 13.7% in 9M13, with margin of 65.8%.

DIVIDENDS:

Approval of interim dividends of R$ 0.68 per share to be paid from October 31, 2013.

1 Adjusted EBITDA excludes Curaçao International Airport.

Subsequent Event

5

STP:

• On October 3, 2013, was financially concluded the Share Purchase Agreement and Other

Covenants and the effective transfer of 10% of STP’s capital stock to Raízen. CCR now

holds 34.23723% of STP’s capital stock.

SALVADOR AND LAURO DE FREITAS METRO SYSTEM:

• On October 15, 2013, CCR entered into a Concession Agreement of the Salvador and

Lauro de Freitas Metro System.

Financial Highlights

Strong EBITDA Margin expansion of mature portfolio and Net Income expansion of 27.4% ...

... result of the solid operating performance of the portfolio.6

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 Curaçao International Airport.4 Calculated without non cash expenses: depreciation and amortization, maintenance provision and settlement of prepaid expenses.

Net Revenues1 1,241.9 1,377.1 10.9% 3,408.7 3,830.1 12.4%

EBIT 594.0 723.0 21.7% 1,694.2 1,917.6 13.2%

Adjusted EBIT Mg.2 47.8% 52.5% +4.7 p.p. 49.7% 50.1% +0.4 p.p.

EBIT on the same basis3 594.0 720.2 21.2% 1,694.2 1,915.1 13.0%

EBIT Mg. on the same basis3 47.8% 53.2% +5.4 p.p. 49.7% 50.4% +0.7 p.p.

Adjusted EBITDA4 780.5 928.5 19.0% 2,199.0 2,509.0 14.1%

Adjusted EBITDA Mg. 62.8% 67.4% +4.6 p.p. 64.5% 65.5% +1.0 p.p.

Adjusted EBITDA on the same basis3 780.5 922.0 18.1% 2,199.0 2,500.7 13.7%

Adjusted EBITDA Mg. on the same basis3 62.8% 68.1% +5.3 p.p. 64.5% 65.8% +1.3 p.p.

Net Income 316.8 403.5 27.4% 829.7 1,044.6 25.9%

Chg % 9M12 9M13 Chg %Financial Indicators (R$ MM) 3Q12 3Q13

3Q08 3Q09 3Q10 3Q11 3Q12 3Q13

156,084 178,663

224,970 248,936 256,560

275,606

Traffic – Quarter Change (Proforma)

7

Consolidated – Equivalent Vehicle

Revenue and traffic 3Q13 X 3Q12 (%)

* Information including Renovias which is contemplated in the proforma method.

AutoBAn NovaDutra RodoNorte Ponte ViaLagos ViaOeste Renovias2 RodoAnel SPVias

10.2

2.4

7.7

1.8

5.6

7.4 9.2 8.7

9.9 10.1

5.0

13.1

4.0

7.0 7.4 5.8

8.7

10.6

Traffic Toll Revenues

3Q10 3Q11 3Q12 3Q13

61% 66% 68% 70%

39% 34% 32% 30%

Electronic Cash

AutoBan28.6%

NovaDutra17.0%

ViaOeste13.2%

RodoNorte9.1%

SPVias7.9%

Airports4.8%

STP3.5%

RodoAnel3.1%

ViaQuatro3.0%

Barcas2.4%

Ponte2.3%

Renovias2.1% Controlar

1.5%ViaLagos

1.3%Others0.2%

Payment Means

Gross Operating Revenues

Revenue Analysis (Proforma)

8

Gross Revenue Breakdown

* Including the proportional results of jointly-owned subsidiaries.

3Q10 3Q11 3Q12 3Q13

93% 91% 87% 83%

7% 9% 13% 17%

Toll Others

Same Basis

Cash Cost: -

6.3%

3Q12 Depreciationand

Amortization

Third-partyServices

GrantingPower andAdvanced

Expenses

PersonnelCosts

ConstructionCosts

MaintenanceProvision

OtherCosts

3Q13 Ex NewBusiness

3Q13Ex New

Business

763.3

919.7895.4

25 5 (4) 16

150 (6) (30)(24)

Costs Evolution (3Q13 X 3Q12)

9

Total Costs (R$ MM)

Direct Costsand Curaçao

Reduction in the variable

concession fee

Construction of ServiceRoads and 3rd line, Barcas

and Curaçao

Non-recurringExpense

Construction ofService Roadsand Curaçao

WageIncrease

and Curaçao

3% -5% 13%

130%20%

21%

17%

-13% -26%

3Q13Net Revenue

andConstruction

Revenue

TotalCosts

Depreciation and

Amortization

EquityIncome

andMinority Shares

3Q13CVM

EBITDA

PrepaidExpenses

Maintenance Provision

EquityIncome

andMinority Shares

3Q13 Adjusted

EBITDA

Effectof New

Business

3Q13 Adjusted

EBITDA on the same

Basis

1,642.7

39.1 906.2 928.5 922.0

919.7

144.120.5

40.9 (39.1)(6.5)

CVM 527 Instruction – EBITDA standardizing

10

1

1 Calculation performed according to CVM 527/2012 Instruction.

Concession

FeeIFRS

55.2%

of Mg.67.4%

of Mg.68.1%

of Mg.

Financial Results Highlight

Change in financial results reflects the increase in the average SELIC rate ...

... on the other hand was benefited by higher interest capitalization for the period.11

Net Financial Result (148.6) (162.1) 9.1% (492.8) (452.2) -8.2%

- Income from Hedge Operation (15.2) (22.8) 50.0% (14.3) (16.7) 16.8%

- Monetary Variation (5.6) (4.1) -26.8% (21.2) (16.9) -20.3%

- Exchange Rate Variation on Loans, Financing and Debentures 3.6 (1.8) -150.0% (10.1) (17.9) 77.2%

- Present Value Adjustment of Maintenance Provision (11.5) (10.7) -7.0% (38.5) (32.7) -15.1%

- Interest on Loans, Financing and Debentures (151.4) (160.5) 6.0% (481.7) (429.7) -10.8%

- Investment Income and Other Income 42.0 44.7 6.4% 111.6 92.6 -17.0%

- Others¹ (10.5) (6.9) -34.3% (38.6) (30.9) -19.9%

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

3Q13Net Financial Result (R$ MM) 3Q12 Var % 9M12 9M13 Var %

CDI90.6%

IPCA3.7%

USD2.8%

TJLP2.5% IGP-M

0.4%

Debt in September 30, 2013

Gross debt by indexer

Amortization Schedule (R$ ‘000)

• Total Gross Debt: R$ 7.4 Bi

• Net Debt / EBITDA: 1.9x...

12

2013 2014 2015 2016 From2017

434

1,366 1,185

3,129

450

107

135

CDI USD Others

630

3,190

1,245

1,643

712

6,186 6,152 5,8936,330 6,344

7,212 7,018 6,944 6,600 6,335 6,030

2.32.1

1.9 2.0 1.92.2 2.1 2.0

1.8 1.9 1.9

-1,5

-1,0

-0,5

0,0

0,5

1,0

1,5

2,0

2,5

3,0

0

2.000

4.000

6.000

8.000

10.000

12.000

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

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

Debt

Leverage ratios indicate a decreasing trend…

...even with the new business, which still do not have a strong cash generation.13

Net Debt / EBITDA LTM

Proforma data IFRS10 and 11

3Q13 Realized Investments and Maintenance

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3Q13 9M13 3Q13 9M13 3Q13 9M13 3Q13 9M13

AutoBAn 107.7 195.2 7.5 13.7 115.2 208.9 7.9 21.3

NovaDutra 36.2 88.2 6.3 14.8 42.5 103.0 17.1 51.2

ViaOeste 12.3 25.7 3.5 6.3 15.8 32.0 5.9 10.1

RodoNorte (100%) 13.4 33.4 2.6 3.8 16.0 37.2 7.3 21.6

Ponte 1.9 9.1 1.6 5.3 3.5 14.4 0.9 1.6

ViaLagos 9.8 16.1 1.1 2.3 10.9 18.4 0.1 0.2

SPVias 42.8 88.8 5.0 12.4 47.8 101.1 6.3 16.8

RodoAnel (100%) 8.4 17.4 1.3 2.6 9.7 20.0 0.0 0.0

SAMM 2.2 10.2 14.9 21.8 17.1 32.0 0.0 0.0

Curaçao 2.7 3.5 0.0 0.0 2.7 3.5 0.0 0.0

Barcas 12.5 21.1 4.2 8.8 16.7 29.8 0.0 0.0

Other1 -4.6 -9.2 33.9 50.8 29.3 41.6 0.0 0.0

Consolidated 245.3 499.5 81.9 142.6 327.2 641.9 45.5 122.8

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

R$ MMImprovements

Equipments and

OthersTotal Maintenance Cost

Performed investmentsPerformed

maintenance

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 year15

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

The Company’s Executive Board approved interim dividend payments of R$0.68 per share.

2013 Dividends

0.06

0.68 Interim

Complementary

2013 Cash dividends

paid per share

.

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)

16

Via Lagos

Concession

Extension (2011)

• Airports: Quito, San

José and Curaçao

•Barcas

• Transolímpica

(2012)

Track Record

CCR Track Record: diversification and new bids

• VLT

• Increase in

Curaçao stake

• Salvador Subway

System

(2013)

Thank you

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