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
New Partnership Between CCR and Fundação Dom
Cabral
3
4. Highlights
Operating
• 6.9% traffic increase in the 3Q07 and 6.0% in the 9M07.
• Net Revenue totaled R$ 617.6 million (+12.3%) in the 3Q07 and R$ 1,719.2
million (+9.0%) in the 9M07.
• Net Income reached R$ 179.0 million (+47.8%) in the 3Q07 and R$ 447.6 million
(+42.3%) in the 9M07.
• 34.9% increase in AVI users, totaling 853,000.
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5. Highlights
Corporate
• Extraordinary Shareholders’ Meeting summoned for November 29, to decide
on the Board of Directors powers on approving eventual stock buyback
programs, proposed by the Company’s management.
• On August 31, 2007, CCR prepaid dividends for the fiscal year 2007 in the
amount of R$ 0.82 per share, totaling R$ 330.5 million. Dividends totaled R$
532.1 million in 2007.
CCRO3 – Market Indicators
• Shareholders’ base growth of 140%, when compared to Nov/06.
• 39% growth in the number of transactions and 116% increase in trading
volume.
• 3rd CCR Day to be held on November 23rd
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6. Results
3Q07’s results reflect a combination of factors...
R$ Million
Financial Highlights 3Q06 3Q07 Ch. % 9M06 9M07 Ch. %
Net Revenue 550.0 617.6 12.3% 1,577.4 1,719.2 9.0%
Total Costs (1) (315.5) (287.2) -9.0% (954.9) (886.4) -7.2%
EBIT 234.6 330.4 40.8% 622.5 832.8 33.8%
EBIT Margin 42.6% 53.5% +10.9 p.p. 39.5% 48.4% +8.9 p.p.
Depreciation and Amortization (2) 87.9 80.3 -8.6% 261.1 244.9 -6.2%
EBITDA 322.4 410.7 27.4% 883.6 1,077.7 22.0%
EBITDA Margin 58.6% 66.5% +7.9 p.p. 56.0% 62.7% +6.7 p.p.
Net Financial Result (48.7) (66.4) 36.3% (143.0) (154.7) 8.2%
Net Income 121.1 179.0 47.8% 314.5 447.6 42.3%
(1) Total Cost + Administrative Expenses
(2) Includes prepaid expenses
...higher traffic and reduction of operating costs.
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10. Net Revenue & Total Costs
Operating Efficiency is Key to...
618
550
519
393
315 Receita Líquida
Net Revenue
290 15% Outros
Other
235 287
16% 13% 13% Pessoal
Payroll
R$ (million)
13%
9% 12% 21% 16%
57%
56%
60%
Outorga
Concession Fee
46%
21% 23% 24% 16%
14% Serv. Terceiros
Third-Party
33% 22% 28%
D&A
27%
24% 25%
27% 27%
3Q04 3Q05 3Q06 3Q07
Other: insurance, rent, marketing, travel, electronic payment and routine maintenance
Third-Party Services: auditing, consulting and shared services.
... the success of our business
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11. Indebtedness
The current low leverage allows CCR to...
Gross Debt Net Debt
1,932
1,774
1,276 1,278
1,467
1,184 100% 1,214
100%
R$ (million)
R$ (million)
679
81% 1.20
69% 1.05 1.07
0.91
3Q04 3Q05 3Q06 3Q07 3Q04 3Q05 3Q06 3Q07
Short Term Long Term In R$ Net Debt Net Debt / EBITDA
100% in Local Currency
...allows great flexibility to participate in new bids.
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12. Indebtedness
Releveraging may become an important…
Distribution Long Term Debt Amortization
Other - CDI
104.5% - 107.3% BNDES - TJLP +
(4.5% - 5.5%)
6%
12%
379 387
338
321
276
39% 174
43%
56
Debentures - CDI
103.3% -105% Debentures - IGP-M +
2007 2008 2009 2010 2011 2012 After 2012
(7.6%- 11%)
…instrument for anticipating future results.
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14. New Businesses
State of São Paulo Concessions
Federal Concessions
Secondary Market
PPP`s
Logistics
México and United States
Brazil is still the main growth driver.
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16. CCR Infrastructure and Logistics Center
• Generating knowledge in concession models, the role of private
investments in the Brazilian transportation industry. public-private
partnerships, cost-bennefit analysis in roads, logisitic costs, etc.
• Creation of indicators for the infrastrucutre and logistics
• Current Study Centers belong to Federal Universities, with many
limitations due to academic characteristics
• Offering of researches from official sources are uncertain and non-
reliable
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