1. PUBLIC MEETING
2Q06 RESULTS
August 2006
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2. Forward-looking statements
Potential forward-looking statements in this presentation related to the Company’s
business prospects, projections, and operating and financial results are based on
Management beliefs and assumptions, as well as the information currently available
to the Company.
Forward-looking statements and information are not a guarantee of performance.
They involve risks, uncertainties and assumptions since they refer to future events,
and therefore depend on situations that may or not occur.
Future results and shareholder value creation may differ significantly from those
stated or suggested by the forward-looking statements. Many of the factors that will
determine these results and values are beyond OHL Brazil’s control and prediction
capacity.
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3. Agenda
Company Overview
2Q06 Highlights
2Q06 Results
Outlook
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4. Company Overview
2Q06 Highlights
2Q06 Results
Outlook
4

5. Ownership Structure and Restructuring
100.0%
FREE FLOAT
52.1% 40.0%
7.9%
100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 4.68%
Latina Paulista OHL
SPR STP
Manutenção Infra-estrutura Participações
4.86%
Ownership Restructuring concluded on June/2006. Main benefit: use of the fiscal goodwill
from the acquisition of the concessionaires.
We are waiting for BNDES’s authorization to conclude the acquisition of Vianorte.
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6. OHL Concesiones and OHL Group
Share Length OHL Group
Toll Road Concessions
(%) (Km)
Autovia M - 45 100% 8.3
8,3 International construction,
Spain
Autopista Nuevo Aeropuerto Barajas 100% 8.2
8,2 concession and service group
Intervias 60% 371,2
371.2 Operational for more than 90
Autovias 60% 316,5
316.5 years
Centrovias 60% 219,5
219.5 Present in 16 countries
Mexico Autopista del Sol 60% 140.0
Listed in Spain since 1991
Autopista Los Libertadores 58% 82,0
82.0
Camino Internacional Ruta 60 100% 92,4
92.4 Ranked among Spain’s 6 most
transparent companies in 2005
Sistema Carretero del Oriente 77% 51,7
51.7
Autopista Amozoc Perote 67% 123.0 Two independent core
businesses: Construction and
Brazil Autopista Ezeiza - Cañuelas 70% 60,1
60.1
Concessions.
Chile
Port Concessions
Net revenue in 2005: € 2.4bn; and
Argentina Muelle Inflamables Barcelona 20% EBITDA in 2005: € 285.4mm
Puerto de Alicante 50%
1995-2005 Revenue CAGR of 32%
Airports:
:
Present in the Brazilian market
Aeropuerto Internacional de México 50% through OHL Concesiones
The Brazilian operation is strategic for OHL Concesiones growth goal.
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7. Location
... to the northwest of the city of São Paulo...
The State of São Paulo accounts for around 22% of Brazil’s population and 35% of its GDP.
Operating Area: Map:
• Population of 4 mm inhabitants
• One of the main agribusiness
center in Brazil
Vianorte
• Responsible for 32% of fuel
ethanol and for 70% of orange
juice exports
The toll roads operated by OHL Brasil
are the main access routes from the
production areas to:
São Paulo: the main consumption
center
The port of Santos: the main export
corridor
... allows OHL Brasil to capture the impact of industrial and agribusiness expansion.
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8. Corporate Governance
Novo Mercado – Bovespa
Strategic support and commitment from OHL Group.
Transparency and protection to minority shareholders’ interest.
100% Tag-Along.
Capital structure with 100% of voting shares (equal rights for minority
shareholders).
40% Free Float.
Board of Directors with 7 member, being 1 independent.
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9. Company Overview
2Q06 Highlights
2Q06 Results
Outlook
9

10. 2Q06 Highlights
Traffic grew 5.1% in 2Q06 versus 1Q06.
Net services revenue went up by 8.8% when comparing 2Q05
to 2Q06.
Adjusted EBITDA of R$64.9 million and Adjusted EBITDA
Margin of 63.9%
Conclusion of our Ownership Restructuring Process.
Net income grows 132.3% in three months.
Acquisition of Vianorte – at the final stage.
44.44% share appreciation until August 7, 2006.
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11. Company Overview
2Q06 Highlights
2Q06 Results
Outlook
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12. Consolidated Traffic (Thousands of Vehicle-Equivalents)
Traffic Breakdown – 2Q06 Traffic performance (in Vehicle-Equiv.)
Intervias
Centrovias
Autovias
5.1%
25,000 -1.9%
22.4% 20,000
15,000 11,771 11,535
10,704
55.9%
21.7% 10,000
4,608 4,466 4,473
5,000
4,650 4,448 4,617
0
2Q05 1Q06 2Q06
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13. Traffic vs. GDP
Year-on-year comparison:
OHL Traffic
GDP
6.7% 6.6%
4.9%
4.7%
4.0%
3.4%
3.0% 2.8%
2.3%
1.4%
1.0%1.0%
0.5% 0.7%
0.2%
2003 2004 2005 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06
-1.8% -1.9%
-3.28 1.35 1.30 1.67 1.65 1.00 0.11 0.21 ???
Period Elasticity
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14. Net Revenue (R$ Thousand)
Revenues Breakdown – 2Q06 Net Revenue Performance (R$ Thousand)
8,8%
120,000 4,6%
100,000
29.1% 80,000 42,509
39,219 39,162
41.9%
60,000
29,594 29,542
40,000 28,414
29.1%
20,000
25,696 28,382 29,523
0
2Q05 1Q06 2Q06
Electronic toll collection corresponded 44.82% in 2Q06
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15. Adjusted EBITDA
Var % Var % Var %
Adjusted EBITDA(R$ thousand) 2Q06 1Q06 2Q05 1H06 1H05
2Q/1Q06 2Q/2Q05 1H/1H05
Net Services Revenue 101,574 97,137 93,329 4.6% 8.8% 198,711 179,819 10.5%
Cost of Services Rendered (51,319) (50,546) (45,605) 1.5% 12.5% (101,865) (88,698) 14.8%
Amortization and Depreciation 28,424 27,377 22,907 3.8% 24.1% 55,801 41,879 33.2%
Other Revenues 58 110 - -47.3% - 168 - -
Operating (Expenses) Revenue (9,779) (7,571) (8,183) 29.2% 19.5% (17,350) (14,599) 18.8%
EBITDA 68,958 66,507 62,448 3.7% 10.4% 135,465 118,401 14.4%
Fixed concession charges paid (4,079) (4,079) (3,747) 0.0% 8.9% (8,158) (7,479) 9.1%
Adjusted EBITDA 64,879 62,428 58,701 3.9% 10.5% 127,307 110,922 14.8%
Adjusted EBITDA Margin (%) 63.9% 64.3% 62.9% 64.1% 61.7%
Adjusted EBITDA Adjusted EBITDA Margin (%)
(R$ Million)
69.1 65.5
66.8 64.9 64.4 64.3
62.4 62.9 63.9
60.4
58.7
52.2
1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06
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16. Financial Result
Var % Var % Var %
Financial Result(R$ thousand) 2Q06 1Q06 2Q05 1H06 1H05
2Q/1Q06 2Q/2Q05 1H/1H05
Financial Revenues 5,204 6,309 3,200 -17.5% 62.6% 11,513 5,831 97.4%
Financial Expenses (12,043) (10,733) (10,408) 12.2% 15.7% (22,776) (29,481) -22.7%
BNDES/CEF (7,560) (7,568) (8,250) -0.1% -8.4% (15,128) (17,960) -15.8%
Other Financial Expenses (3,178) (1,756) (1,592) 81.0% 99.6% (4,934) (6,607) -25.3%
Monetary correction of fixed concession charge (1,305) (1,409) (566) -7.4% 130.6% (2,714) (4,914) -44.8%
Net Financial Result (6,839) (4,424) (7,208) 54.6% -5.1% (11,263) (23,650) -52.4%
% Net Services Revenue 6.7% 4.6% 7.7% 5.7% 13.2%
Financial Result Breakdown (% of total) IGP-M Performance (%)
2Q06 1Q06
Fixed concession Fixed concession
charges charges
10.8% 13.1%
0.70 0.70
Other Fin. 16.4%
26.4%
Other Fin. 62.8%
70.5%
BNDES/CEF
BNDES/CEF
1Q06 2Q06
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17. Indebtedness
Total Debt (R$ MM) Net Debt (R$ MM)
303.7
290.0
283.4 276.3 273.7
266.3
236.6
207.6
236.0 224.0 216.0 200.3
225.3 199,2
214.7 199.2
118.2
91.7 103.0
1.2x
0.9x 0.8x
0.5x 0.4x
0.4x
67.7 66.0 67.4 74.5
74,5
51.0 51.6
1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06
Short Term Debt Long Term Debt Net Debt / Adjusted EBITDA (LTM)
Amortization Schedule (R$ MM) Charges (June 2006)
2.8%
76.9
TJLP
9.5% CDI
56.3 57.3
UNBNDES
47.6
28.4 87.7%
118,2
103,0
7.2 ... 100% of our debt is R$
Jul/Dec 2006 2007 2008 2009 2010 2011
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18. Net Income (R$ Million)
133.8%
40.8
132.3%
17.5 17.6
2Q05 1Q06 2Q06
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19. Capex
CAPEX (Real and Estimated) CAPEX Breakdown – 2Q06
200.0
191.8 Total in the period between
2007 and 2009
169.1 255.0* 19.4%
45.8%
32.8%
120.0
71.5 80.,0
55.0 Schedule
1H06 Autovias and Intervias are developing
pavement recovering works and
improvement at disposals of the toll
roads.
Centrovias continues with the
2004 2005 2006E 2007E 2008E 2009E duplication of SP-225, expected to be
concluded on 2007.
*Capex outlook for Autovias, Centrovias and Intervias.
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20. 93,00
103,00
113,00
123,00
133,00
143,00
153,00
163,00
173,00
183,00
22/7/2005
2/8/2005
11/8/2005
22/8/2005
31/8/2005
OHL
12/9/2005
21/9/2005
BOVESPA
Share Performance
30/9/2005
11/10/2005
21/10/2005
1/11/2005
11/11/2005
23/11/2005
2/12/2005
13/12/2005
22/12/2005
3/1/2006
12/1/2006
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23/1/2006
Pricing
2/2/2006
13/2/2006
22/2/2006
7/3/2006
(Base 100 on July 13, 2005)
16/3/2006
Traded Volume (No. Of Shares)
27/3/2006
5/4/2006
17/4/2006
27/4/2006
9/5/2006
18/5/2006
29/5/2006
7/6/2006
19/6/2006
28/6/2006
7/7/2006
18/7/2006
27/7/2006
0
200
400
600
800
1.000
1.200
1.400
1.600
1.800
2.000
No. Of Shares (thousand)
OHL; 144,44
BOVESPA; 146,38

21. Social Responsibility
Quantitative summary of projects through June, 2006
Students Teachers
Concessionaire Schools attended Benefited Monitored
Education Autovias 94 88,000 721
Centrovias 107 32,721 1,030
Intervias 230 170,661 7,013
Total 431 291,382 8,764
Summary of campaigns undertaken through June, 2006
Concessionaire Name of Project No. of campaigns People attended
Autovias Saúde na Estrada 15 9,371
Mais Saúde na
Health Centrovias Estrada 14 4,195
Intervias Saúde na Boléia 21 41,495
Posto do
Intervias Caminhoneiro 1 13,768
Total 51 68,829
No. of seedlings
Concessionaire No. of seedlings planted
to be planted
Autovias 242,000 150,000
Environment
Centrovias 145,000 65,000
Intervias 145,000 0
Total 532,000 215,000
Culture Magazine No. of Editions Periodicity Impression
(OHL Brasil) Porta-luvas 2 Quarterly 300,000
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22. Company Overview
2Q06 Highlights
2Q06 Results
Outlook
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23. New Bidding: Federal, State and PPP
Federal Lots: 07
Highway corridors are essential in connecting
Brazil’s richest areas
Road Extension # of Plazas
Lot 1 BR 153/ SP - Divisa MG/SP 321.7 Km 04 plazas
Lot 2 BR 116/PR/SC - Curitiba - Divisa SC/RS 406.5 Km 05 plazas
Lot 3 BR 393/RJ - Divisa MG/RJ (Via Dutra) 200.5 Km 03 plazas
Lot 4 BR 101 - Divisa RJ/ES (Ponte Rio Niterói) 320.8 Km 05 plazas
Lot 5 BR 381- Belo Horizonte - São Paulo 561.5 Km 08 plazas
Lot 6 BR 116/SP/PR - São Paulo - Curitiba 401.7 Km 06 plazas
Lot 7 BR 376 - Curitiba - Florianópolis 367.6 Km 05 plazas
2580.3 Km 36 plazas
State Lots (SP): 02
Potential export corridor through Port of São
Sebastião
Road Extension # of Plazas
Lot A SP 65 - Rodovia D. Pedro I 167.5 Km 02 plazas
Lot B SP 70 - Rodovia A.Senna/Carvalho Pinto 118.5 Km 04 plazas
286.0 Km 6 plazas
PPP MG 050 (MG): 01
Enormous synergy potential from our highway
network.
Road Extension # of Plazas
PPP MG 050 – Betin – Divisa SP I 372.0 Km 06 plazas
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24. Investor Relations
OHL Brasil S.A. Contacts: Address:
Francisco Leonardo Moura da Costa Rua Joaquim Floriano, 913 – 6º andar
CFO and IRO Itaim Bibi – São Paulo – SP
francisco.leonardo@ohlbrasil.com.br CEP 04534-013
Ph.: (5511) 3074-2404
Alessandro Scotoni Levy
Financial and Investor Relations Manager
alessandro@ohlbrasil.com.br www.ohlbrasil.com.br
OBRASCON HUARTE LAIN BRASIL S.A.
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