2Q06 Results




    1
Disclaimer

 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.

                                                2
Agenda



   Highlights



   Results



   Outlook




                3
Highlights


 Operating
    Net Income reached R$ 512.8 million (+8.8%)
    Number of AVI users increased by 25.3%, reaching 599 thousand
    users.




 Corporate
    Entrance of CCR in the IBOVESPA composing the theoretical portfolio with
    a 0.815% participation in mar/06.
    Prepayment of the total amount of foreign currency debt.




                                        4
Highlights


 Subsequent Events
    On August 10th 2006, was approved an earlier dividends payout of R$ 0.63
    per share, totaling R$ 254.0 million to be paid out on August 31st 2006.


    Our proposal was indicated as the best ranked in the exploration term of
    the São Paulo Subway’s line 4, our first project out of the road sector, what
    enforces the assertive decision taken last February related to the expansion
    of CCR corporate object.


    Sign of agreement with Brisa related to the North American and Canadian
    markets.


    Pre-qualification to the Bid for the Saltillo-Monterey project, in Mexico.



                                         5
Results

  The quarter result was impacted by a combination of factors...




 R$ Million                                         2Q05     2Q06     Var %        1S05      1S06     Var %
 Net Revenues                                     471.4      512.8    8.8%         883.1    1,027.4   16.3%
               (1)
 Total Costs                                      (287.9)   (338.2)   17.5%       (539.8)   (639.4)   18.5%
 EBIT                                              183.5     174.7    -4.8%        343.2     388.0    13.0%
 EBIT Margin                                      38.9%     34.1%     -4.8 p.p    38.9%     37.8%     -1.1 p.p
 Depreciation & Amortization (2)                    75.6     87.8     16.2%        139.8     173.2    23.9%
 EBITDA                                            259.0     262.6    1.4%         483.0     561.1    16.2%
 EBITDA Margin                                    54.9%     51.2%     -3.7 p.p.   54.7%     54.6%     -0.1 p.p.
 Net Financial Result                              (23.0)    (54.0)   134.5%       (72.9)    (94.3)   29.3%
 Net Income                                         97.9     78.0     -20.3%       165.6    193.4     16.8%

 (1) Cost of Services + Administrative Expenses
 (2) Including Prepaid Expenses




                                                        ...traffic, operating costs and financial results.
                                                                 6
Operating Margins Evolution

                                          EBIT x EBIT Margin
                                                                                                                229   227
                                                                                                                            213
                                                                                                          183                     175
                                                                                        158   160   160

                                                            109       115   118
                  102                                                             95
            82                       82   80
63                      65    60                70    66
      54                                                                                                        44%
                  40%                                                                   40%   40%                     41%   41%
                                    31%                     36%       35%   36%                                                   34%
33% 27%     37%         28%               29%   28%                               28%               39%   39%
                              26%                     26%

1Q01 2Q01 3Q01 4Q01 1Q02 2Q02 3Q02 4Q02 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06




                                    EBITDA x EBITDA Margin
                                                                                                                310   309   299
                                                                                                          259                     263
                                                                                        216   218   224

                                                            161       170   174
                                                                                  151
            119   138   108         130   128   122   119
 96   88                      107
                                                                                                                60%         58%
                  55%                                       53%                         55%   55%   54%   55%         56%
            53%                                                       51%   52%                                                   51%
50%                                 49%   47%   48%   47%
      44%               46%   46%                                                 44%

1Q01 2Q01 3Q01 4Q01 1Q02 2Q02 3Q02 4Q02 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06


                                                                  7
Revenues
                                  Toll Fee Payment Breakdown



                                                  65%           53%
                           76%         66%
                                                                           Cash
                                                                           Eletronic
                                                  36%           47%
                           24%         34%

                           2Q03        2Q04       2Q05         2Q06



     Breakdown by Concession                                   Revenues Breakdown
                     Other                                                  Other 2.3%
                                                                STP 1.4%
     ViaOeste
                     2%
  Lagos        17%
                                    AutoBAn
             2%            38%
 Ponte      4%

             11%
Rodonorte                                                                  96.3%
                                                         Toll Fee
                     26%


              NovaDutra


                                                 8
Traffic


   Historical Quarterly Evolution                      2Q06 x 2Q05 – Evolution per Concession
          (Equivalent Vehicles – million)                      (Equivalent Vehicles – like for like)




                                76          75
                  61
   56

                                                                                                        3.8%


                                                        AutoBan NovaDutra ViaLagos Rodonorte Ponte

   2Q03           2Q04          2Q05        2Q06                            -0.4%                      ViaOeste
                                                          -0.7%    -1.1%
                                                                                               -1.9%

                                                                                      -4.1%




                                                   9
Net Revenues & Total Costs

 Despite the quarterly evolution the long term trend withstands...

                                       Total Costs as a % of Net Revenues

                                                                                              513

                                                                         471

                                                   341
                                                                                   338               Net Revenues
                                                                                   14%               Other
                                254                            288
                                           245                 14%                 18%
                                                                                                     Payroll
                       188                 11%                 17%
                                           12%                                     20%
                       13%                                                                           Concession




                                                                                              66 %
                                                               22%
      R$ (million)




                                                    72 %




                                                                         62 %
                                74 %




                       12%
                                           19%
                       19%                                                         23%               Third Party
                                                               22%
                         1T03
                       29%                 35%
                                            1T04                 1T05                  1T06          D&A
                                                               25%                 25%
                       27%                 22%

                          2Q03                 2Q04               2Q05                  2Q06

                Other: insurances, rents, routine conservation, marketing and trips.
                Third Party: auditing, consulting and shared services.


                                                                                ...along with CCR expectations.
                                                                 10
Indebtedness



                                Gross                                                               Net




                                                     1,484
                  1,297                     1,347                                 1,151                   1,123      1,160
                               1,195
                                                                                  2.32
                                                     100%
 R$ (milllion)




                                                                   R$ (million)
                                            77%                                              677
                               67%
                                                                                                          1.22
                   56%
                                                                                             1.06                     0.98

                   2T03        2T04          2T05    2T06                         2T03       2T04         2T05        2T06

                  Short Term          Long Term     % in R$                       Net Debt           Net Debt / EBITDA LTM




                 In this quarter, we highlight the prepayment of our foreign currency debt.
                                                              11
Indebtedness

   Sources of funds are no longer a restrain for the Company’s growth


             Financing Sources                                                              Debt Amortization*
        Other
104.5% - 106.4% of CDI

                                  BNDES
                                                                              574
                                 TJLP + 5%
                           29%
               42%




                                                R$ (million)
                                                                                                              348         334
                                                               278                                                                   304
                                                                                      217     212 232   192
                           18%                                                                                      144
                     11%                                                                                                        84
                               Debentures                            49

         Debentures         IGP-M 9.5% - 11%
                                                                2006            2007            2008     2009         2010      Após 2010
         105% of CDI
                                                                      Before AutoBAn Issue                After AutoBAn Issue

                                                                 * Pro-forma values




                                             ... or for rolling on the current portfolio of debt.
                                                                 12
Capital Expenditures




       CAPEX (R$ MM)                  2Q06        1S06     2006 (E)   2007(E)
       AutoBAn                       45.8         86.5      225.3       68.1
       NovaDutra                     15.3         31.2       90.6       96.1
       Rodonorte                       4.7        14.6       29.9       36.4
       Ponte                           1.7          7.0      14.1       14.8
       Via Lagos                       2.0          3.6      3.4        4.5
       ViaOeste                      33.2         68.8      187.0       43.4
       Other 1                        (1.2)        (0.1)     11.9       8.8
       Consolidated                  101.5        211.5     562.2      272.1
       (1) Includes CCR, Actua, Engelog and STP




                 The capex commitments follow as expected in the contracts.
                                                  13
New Businesses

     New Federal Concessions

     New Concessions in the State of São Paulo

     São Paulo Subway

     Secondary Market

     Mexico, Chile, United States and Canada




             Brazil continues the main growth driver. However, CCR will
                                                 look for other markets.
                                  14
São Paulo Subway – Line 4




                            15
São Paulo Subway – Line 4

       Overview
                      The exploration term for exploring passenger transportation of São
                      Paulo Yellow Line 4 is 30 years. The extension is of 12.8 km and
                      crosses Butantã, Pinheiros, Faria Lima, Paulista, República and Luz
                      stations (Phase I); Fradique Coutinho, Oscar Freire, Higienópolis.
                      Maintenance station Vila Sônia and systems (Phase II).

                      The operation will be complemented from Vila Sônia to Taboão da
                      Serra, through Bus with no additional tariff.

Patio V. Sonia




0.9 km                                                                             12.9 km                                                                     0.5 km




                                                                                                         Oscar
                                                                                                         Freire
                                                                  Faria Lima




                                                                                                                                                   República




                                                                                                                                                               Luz
                                                                                   Fr. Coutinho




                                                                                                                  Paulista
                                                      Pinheiros




                                                                                                                                      Higien.
                                   Butantã
                  Morumbi
     Vila Sonia




                                             FASE I                      FASE II                  FANS                       Phase I operational
                                                                                                                              streatch 8.9 km


                                                                                           16
São Paulo Subway – Line 4

  Main Features
      Concessionaire’s Capital Expenditures: Rolling material and
      signalization systems (courtyard control; central control and
      supervision, voice and data mobile communication);
      Estimated Capex:
      Phase 1: US$ 234 million
      Phase 2: US$ 211 million
      Source of Revenues: Tariff, Other Revenues and Counter payment
      Tariff: R$ 2.08 (February 2005)
      Pass: Line 4: 100% tariff
      Pass: Integration subway/CPTM: 50% tariff
      Annual Readjustment: 50 IGPM + 50% IPC (15 years) – after that
      100% IPC
      Centralized Collecting System


                                        17
São Paulo Subway – Line 4

  Main Features (cont.)
      Counter payment from Granting Authority in the Amount of R$ 75
      million
      Guarantor of Counter payment, fines and indemnification – CPP
      Share demand risk – up to 10% is a concessionaire risk. Above 10% is
      a shared risk (profit and loss)
      Consortium: CCR – 68%, RATP – 1%, BRT – 1% and Montgomery –
      30%




                                     18
Mexico

  Main Characteristics
      Object – Competition to built, operate and explore the “Libramiento
      Norponiente de Saltillo y la Autopista Saltillo-Monterrey”.
      Extension: 95 km (14 km - existent and 81 km – to be built).
      Handing out of proposals: 18/09/2006
      Concession term: 30 years.
      Capex: US$ 260 million (estimate)
      Consortium: CCR - 45%, La Nacional – 45% and Andrade Gutierrez –
      10%.
      Part of the axis West – East
      which interconnects the Mazatlán
      (Pacific) point to the Matamoros
      Harbor (Golf of México) and to
      the city of Nuevo Laredo (Texas
      border).


                                      19
Social Responsibility and Cultural Policy

 Social Responsibility

     HEALTH
      VidaBAn
      SorrisoBAn
                                  EDUCATION
      Rodopac
      Truck Driver Health          Ways to Life Institute
                                   Road to Citizenship
      Humanized Childbirth
                                   I Use Pedestrian Crossing
      I Am Sangue Bom
                                   Project School
      Volunteers of Life




                                             ENVIRONMENT
      SOCIAL                                  Arboretum Project
       Back Home                              Sow this Idea



                             20
Cultural Policy

 Overall Strategy
  The analysis of the cultural profile of each region in which it acts made the
  CCR System prioritize the sponsorship of projects which...

    • Have local importance, for it is a way to value the regional production
      and to incentive the cultural activity of the cities located along the roads.


    • Have a potential of itinerancy, for it helps fulfill the cultural lack that
      remarks the majority of the median and small towns. The itinerant projects
      must be gratuitous and be able to go through all towns.


  This policy is complemented by the sponsorship of specific actions in the
  large urban centers, mainly in São Paulo, headquarter of the company.




                                          21
Cultural Policy

 Sorts of Projects
 In 2005 the following actions were sponsored:
 Locals
      Theater Festival of São José dos Campos (SP)
      Coffee Valley (Vassouras-RJ)
      Theater Festival of Ponta Grossa (PR)
      Cinema and Environment Festival of Guararema (SP)
      Paraná Guide
      Municipal Symphony of São José dos Campos (SP)

 In Large Urban Centers
      Exposition A Alma Secreta - Pinacoteca (SP)
      Exposition Poética da Forma – (RJ)
      Theatric Play Guess Who Comes to Pray (SP)
      Movies Boleiros 2 and União Fraterna
      Truck-drivers Documentary
      International Piano Content of Villa Lobos - OSESP

                                        22
Cultural Policy

 Itinerant Project
“Cine Tela Brasil” and “Circo Roda Brasil”




                                     23
Investor Relations


  Ricardo Froes - DF
  ricardo.froes@ccrnet.com.br
  Phone: 55 (11) 3048-5921

  Arthur Piotto Filho - RI
  arthur.piotto@ccrnet.com.br
  Phone: 55 (11) 3048-5932

       BOVESPA: CCRO3
   Bloomberg: CCRO3 BZ
      Reuters: CCRO3.SA


  www.ccrnet.com.br         invest@ccrnet.com.br

                                24
2Q06 Results

Apimec 2 q06 results

  • 1.
  • 2.
    Disclaimer This presentationcontains 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. 2
  • 3.
    Agenda Highlights Results Outlook 3
  • 4.
    Highlights Operating Net Income reached R$ 512.8 million (+8.8%) Number of AVI users increased by 25.3%, reaching 599 thousand users. Corporate Entrance of CCR in the IBOVESPA composing the theoretical portfolio with a 0.815% participation in mar/06. Prepayment of the total amount of foreign currency debt. 4
  • 5.
    Highlights Subsequent Events On August 10th 2006, was approved an earlier dividends payout of R$ 0.63 per share, totaling R$ 254.0 million to be paid out on August 31st 2006. Our proposal was indicated as the best ranked in the exploration term of the São Paulo Subway’s line 4, our first project out of the road sector, what enforces the assertive decision taken last February related to the expansion of CCR corporate object. Sign of agreement with Brisa related to the North American and Canadian markets. Pre-qualification to the Bid for the Saltillo-Monterey project, in Mexico. 5
  • 6.
    Results Thequarter result was impacted by a combination of factors... R$ Million 2Q05 2Q06 Var % 1S05 1S06 Var % Net Revenues 471.4 512.8 8.8% 883.1 1,027.4 16.3% (1) Total Costs (287.9) (338.2) 17.5% (539.8) (639.4) 18.5% EBIT 183.5 174.7 -4.8% 343.2 388.0 13.0% EBIT Margin 38.9% 34.1% -4.8 p.p 38.9% 37.8% -1.1 p.p Depreciation & Amortization (2) 75.6 87.8 16.2% 139.8 173.2 23.9% EBITDA 259.0 262.6 1.4% 483.0 561.1 16.2% EBITDA Margin 54.9% 51.2% -3.7 p.p. 54.7% 54.6% -0.1 p.p. Net Financial Result (23.0) (54.0) 134.5% (72.9) (94.3) 29.3% Net Income 97.9 78.0 -20.3% 165.6 193.4 16.8% (1) Cost of Services + Administrative Expenses (2) Including Prepaid Expenses ...traffic, operating costs and financial results. 6
  • 7.
    Operating Margins Evolution EBIT x EBIT Margin 229 227 213 183 175 158 160 160 109 115 118 102 95 82 82 80 63 65 60 70 66 54 44% 40% 40% 40% 41% 41% 31% 36% 35% 36% 34% 33% 27% 37% 28% 29% 28% 28% 39% 39% 26% 26% 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02 3Q02 4Q02 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 EBITDA x EBITDA Margin 310 309 299 259 263 216 218 224 161 170 174 151 119 138 108 130 128 122 119 96 88 107 60% 58% 55% 53% 55% 55% 54% 55% 56% 53% 51% 52% 51% 50% 49% 47% 48% 47% 44% 46% 46% 44% 1Q01 2Q01 3Q01 4Q01 1Q02 2Q02 3Q02 4Q02 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 7
  • 8.
    Revenues Toll Fee Payment Breakdown 65% 53% 76% 66% Cash Eletronic 36% 47% 24% 34% 2Q03 2Q04 2Q05 2Q06 Breakdown by Concession Revenues Breakdown Other Other 2.3% STP 1.4% ViaOeste 2% Lagos 17% AutoBAn 2% 38% Ponte 4% 11% Rodonorte 96.3% Toll Fee 26% NovaDutra 8
  • 9.
    Traffic Historical Quarterly Evolution 2Q06 x 2Q05 – Evolution per Concession (Equivalent Vehicles – million) (Equivalent Vehicles – like for like) 76 75 61 56 3.8% AutoBan NovaDutra ViaLagos Rodonorte Ponte 2Q03 2Q04 2Q05 2Q06 -0.4% ViaOeste -0.7% -1.1% -1.9% -4.1% 9
  • 10.
    Net Revenues &Total Costs Despite the quarterly evolution the long term trend withstands... Total Costs as a % of Net Revenues 513 471 341 338 Net Revenues 14% Other 254 288 245 14% 18% Payroll 188 11% 17% 12% 20% 13% Concession 66 % 22% R$ (million) 72 % 62 % 74 % 12% 19% 19% 23% Third Party 22% 1T03 29% 35% 1T04 1T05 1T06 D&A 25% 25% 27% 22% 2Q03 2Q04 2Q05 2Q06 Other: insurances, rents, routine conservation, marketing and trips. Third Party: auditing, consulting and shared services. ...along with CCR expectations. 10
  • 11.
    Indebtedness Gross Net 1,484 1,297 1,347 1,151 1,123 1,160 1,195 2.32 100% R$ (milllion) R$ (million) 77% 677 67% 1.22 56% 1.06 0.98 2T03 2T04 2T05 2T06 2T03 2T04 2T05 2T06 Short Term Long Term % in R$ Net Debt Net Debt / EBITDA LTM In this quarter, we highlight the prepayment of our foreign currency debt. 11
  • 12.
    Indebtedness Sources of funds are no longer a restrain for the Company’s growth Financing Sources Debt Amortization* Other 104.5% - 106.4% of CDI BNDES 574 TJLP + 5% 29% 42% R$ (million) 348 334 278 304 217 212 232 192 18% 144 11% 84 Debentures 49 Debentures IGP-M 9.5% - 11% 2006 2007 2008 2009 2010 Após 2010 105% of CDI Before AutoBAn Issue After AutoBAn Issue * Pro-forma values ... or for rolling on the current portfolio of debt. 12
  • 13.
    Capital Expenditures CAPEX (R$ MM) 2Q06 1S06 2006 (E) 2007(E) AutoBAn 45.8 86.5 225.3 68.1 NovaDutra 15.3 31.2 90.6 96.1 Rodonorte 4.7 14.6 29.9 36.4 Ponte 1.7 7.0 14.1 14.8 Via Lagos 2.0 3.6 3.4 4.5 ViaOeste 33.2 68.8 187.0 43.4 Other 1 (1.2) (0.1) 11.9 8.8 Consolidated 101.5 211.5 562.2 272.1 (1) Includes CCR, Actua, Engelog and STP The capex commitments follow as expected in the contracts. 13
  • 14.
    New Businesses New Federal Concessions New Concessions in the State of São Paulo São Paulo Subway Secondary Market Mexico, Chile, United States and Canada Brazil continues the main growth driver. However, CCR will look for other markets. 14
  • 15.
    São Paulo Subway– Line 4 15
  • 16.
    São Paulo Subway– Line 4 Overview The exploration term for exploring passenger transportation of São Paulo Yellow Line 4 is 30 years. The extension is of 12.8 km and crosses Butantã, Pinheiros, Faria Lima, Paulista, República and Luz stations (Phase I); Fradique Coutinho, Oscar Freire, Higienópolis. Maintenance station Vila Sônia and systems (Phase II). The operation will be complemented from Vila Sônia to Taboão da Serra, through Bus with no additional tariff. Patio V. Sonia 0.9 km 12.9 km 0.5 km Oscar Freire Faria Lima República Luz Fr. Coutinho Paulista Pinheiros Higien. Butantã Morumbi Vila Sonia FASE I FASE II FANS Phase I operational streatch 8.9 km 16
  • 17.
    São Paulo Subway– Line 4 Main Features Concessionaire’s Capital Expenditures: Rolling material and signalization systems (courtyard control; central control and supervision, voice and data mobile communication); Estimated Capex: Phase 1: US$ 234 million Phase 2: US$ 211 million Source of Revenues: Tariff, Other Revenues and Counter payment Tariff: R$ 2.08 (February 2005) Pass: Line 4: 100% tariff Pass: Integration subway/CPTM: 50% tariff Annual Readjustment: 50 IGPM + 50% IPC (15 years) – after that 100% IPC Centralized Collecting System 17
  • 18.
    São Paulo Subway– Line 4 Main Features (cont.) Counter payment from Granting Authority in the Amount of R$ 75 million Guarantor of Counter payment, fines and indemnification – CPP Share demand risk – up to 10% is a concessionaire risk. Above 10% is a shared risk (profit and loss) Consortium: CCR – 68%, RATP – 1%, BRT – 1% and Montgomery – 30% 18
  • 19.
    Mexico MainCharacteristics Object – Competition to built, operate and explore the “Libramiento Norponiente de Saltillo y la Autopista Saltillo-Monterrey”. Extension: 95 km (14 km - existent and 81 km – to be built). Handing out of proposals: 18/09/2006 Concession term: 30 years. Capex: US$ 260 million (estimate) Consortium: CCR - 45%, La Nacional – 45% and Andrade Gutierrez – 10%. Part of the axis West – East which interconnects the Mazatlán (Pacific) point to the Matamoros Harbor (Golf of México) and to the city of Nuevo Laredo (Texas border). 19
  • 20.
    Social Responsibility andCultural Policy Social Responsibility HEALTH VidaBAn SorrisoBAn EDUCATION Rodopac Truck Driver Health Ways to Life Institute Road to Citizenship Humanized Childbirth I Use Pedestrian Crossing I Am Sangue Bom Project School Volunteers of Life ENVIRONMENT SOCIAL Arboretum Project Back Home Sow this Idea 20
  • 21.
    Cultural Policy OverallStrategy The analysis of the cultural profile of each region in which it acts made the CCR System prioritize the sponsorship of projects which... • Have local importance, for it is a way to value the regional production and to incentive the cultural activity of the cities located along the roads. • Have a potential of itinerancy, for it helps fulfill the cultural lack that remarks the majority of the median and small towns. The itinerant projects must be gratuitous and be able to go through all towns. This policy is complemented by the sponsorship of specific actions in the large urban centers, mainly in São Paulo, headquarter of the company. 21
  • 22.
    Cultural Policy Sortsof Projects In 2005 the following actions were sponsored: Locals Theater Festival of São José dos Campos (SP) Coffee Valley (Vassouras-RJ) Theater Festival of Ponta Grossa (PR) Cinema and Environment Festival of Guararema (SP) Paraná Guide Municipal Symphony of São José dos Campos (SP) In Large Urban Centers Exposition A Alma Secreta - Pinacoteca (SP) Exposition Poética da Forma – (RJ) Theatric Play Guess Who Comes to Pray (SP) Movies Boleiros 2 and União Fraterna Truck-drivers Documentary International Piano Content of Villa Lobos - OSESP 22
  • 23.
    Cultural Policy ItinerantProject “Cine Tela Brasil” and “Circo Roda Brasil” 23
  • 24.
    Investor Relations Ricardo Froes - DF ricardo.froes@ccrnet.com.br Phone: 55 (11) 3048-5921 Arthur Piotto Filho - RI arthur.piotto@ccrnet.com.br Phone: 55 (11) 3048-5932 BOVESPA: CCRO3 Bloomberg: CCRO3 BZ Reuters: CCRO3.SA www.ccrnet.com.br invest@ccrnet.com.br 24
  • 25.