The document summarizes a presentation given by CCR, a Brazilian infrastructure company, about their current business and future outlook. It provides an overview of various transportation projects CCR is involved in, including highways, urban rail, and airports in Brazil and other countries. Updates are given on key performance metrics and investments made in projects like ViaQuatro, CCR Metro Bahia, CCR NovaDutra, CCR MSVia, and VLT Carioca. The presentation indicates that the business environment for infrastructure is promising in Brazil and that CCR has a track record of successful investments and expansion into new projects.
- Traffic fell 1.8% in 3Q15 excluding new businesses, while toll revenue increased 1.9% due to toll increases.
- Adjusted EBITDA on a same-basis increased 8.8% to R$1.17 billion in 3Q15, with a margin of 67.8%.
- Net income on a same-basis was R$352 million, a 0.7% reduction, impacted by higher financial expenses due to increased debt levels related to investments in new projects.
- Traffic fell 2.4% in 1Q16 excluding new projects
- Adjusted EBITDA increased 7.1% to R$1.122 billion on a same-basis
- Net income grew 2.9% to R$252.7 million in 1Q16 on a same-basis
- CCR's consolidated traffic grew 3.9% in 2Q14, while toll revenues increased 5.7%. Adjusted proforma EBITDA increased 5.2% in 2Q14.
- Total costs increased 5.4% in 2Q14 versus 2Q13, driven by a higher average SELIC rate and increased debt levels. Net income decreased 9.4% due to financial expenses.
- CCR maintained a comfortable leverage ratio of 2.0x net debt to EBITDA. The company continues investing in maintenance and improvements across its portfolio.
1. The document discusses opportunities for infrastructure projects in Brazil, including opportunities in Rio de Janeiro.
2. It outlines CCR's business accomplishments like investments and projects that have improved traffic flow.
3. The presentation discusses potential new infrastructure projects under consideration that could further increase CCR's earnings.
- Traffic fell 3.8% in 1Q15 compared to 1Q14. Adjusted EBITDA on a same-basis increased 2.8% with a margin of 65.6%. Net income on a same-basis was R$312.6 million, down 13.8%.
- Costs increased due to new projects, wage increases, and a tax provision effect for Ponte. Excluding these factors, cash costs increased 5.2% and EBITDA margin was maintained at 65.6%.
- Financial results were impacted by higher debt and interest rates. Net debt/EBITDA was 2.5x. The leverage reflects investment needs but not potential cash generation from new businesses.
- CCR's consolidated traffic fell 0.7% in 4Q14 but grew 2.5% in 2014. Toll collection by electronic means increased, with over 4.8 million active tags.
- Adjusted EBITDA on a same-basis increased 4% in 4Q14, with a margin of 64.1%. In 2014, adjusted EBITDA grew 7.3% with a margin of 65.3%.
- Net income on a same-basis decreased 10.7% in 4Q14 due to new projects not yet generating revenue. CCR proposed additional dividends of R$100.8 million.
Net income increased 218.7% to R$7.675 million in 2Q08. Total traffic volume and consolidated net operating revenue increased 8.9% and 60.4% respectively. Adjusted EBITDA rose 106.9% to R$36.688 million. Portonave container handling grew 79.3% to 54,814 TEUs. Total debt increased to R$469.363 million or 45.2% of total assets. Capital expenditures totaled R$50.159 million in 2Q08, mainly for Rio Verde Energia's Salto hydroelectric plant.
Ferrovial reported strong performance across most business lines in 2015. Revenues increased 11% in Services, 9% in Construction, and 18.9% in Toll Roads, driven by traffic growth and new project contributions. The order book remained high at over €31.5 billion combined for Construction and Services. Dividends received from toll road and airport investments increased compared to 2014. The company continued its focus on shareholder returns through dividend payments and a share buyback program in 2015.
- Traffic fell 1.8% in 3Q15 excluding new businesses, while toll revenue increased 1.9% due to toll increases.
- Adjusted EBITDA on a same-basis increased 8.8% to R$1.17 billion in 3Q15, with a margin of 67.8%.
- Net income on a same-basis was R$352 million, a 0.7% reduction, impacted by higher financial expenses due to increased debt levels related to investments in new projects.
- Traffic fell 2.4% in 1Q16 excluding new projects
- Adjusted EBITDA increased 7.1% to R$1.122 billion on a same-basis
- Net income grew 2.9% to R$252.7 million in 1Q16 on a same-basis
- CCR's consolidated traffic grew 3.9% in 2Q14, while toll revenues increased 5.7%. Adjusted proforma EBITDA increased 5.2% in 2Q14.
- Total costs increased 5.4% in 2Q14 versus 2Q13, driven by a higher average SELIC rate and increased debt levels. Net income decreased 9.4% due to financial expenses.
- CCR maintained a comfortable leverage ratio of 2.0x net debt to EBITDA. The company continues investing in maintenance and improvements across its portfolio.
1. The document discusses opportunities for infrastructure projects in Brazil, including opportunities in Rio de Janeiro.
2. It outlines CCR's business accomplishments like investments and projects that have improved traffic flow.
3. The presentation discusses potential new infrastructure projects under consideration that could further increase CCR's earnings.
- Traffic fell 3.8% in 1Q15 compared to 1Q14. Adjusted EBITDA on a same-basis increased 2.8% with a margin of 65.6%. Net income on a same-basis was R$312.6 million, down 13.8%.
- Costs increased due to new projects, wage increases, and a tax provision effect for Ponte. Excluding these factors, cash costs increased 5.2% and EBITDA margin was maintained at 65.6%.
- Financial results were impacted by higher debt and interest rates. Net debt/EBITDA was 2.5x. The leverage reflects investment needs but not potential cash generation from new businesses.
- CCR's consolidated traffic fell 0.7% in 4Q14 but grew 2.5% in 2014. Toll collection by electronic means increased, with over 4.8 million active tags.
- Adjusted EBITDA on a same-basis increased 4% in 4Q14, with a margin of 64.1%. In 2014, adjusted EBITDA grew 7.3% with a margin of 65.3%.
- Net income on a same-basis decreased 10.7% in 4Q14 due to new projects not yet generating revenue. CCR proposed additional dividends of R$100.8 million.
Net income increased 218.7% to R$7.675 million in 2Q08. Total traffic volume and consolidated net operating revenue increased 8.9% and 60.4% respectively. Adjusted EBITDA rose 106.9% to R$36.688 million. Portonave container handling grew 79.3% to 54,814 TEUs. Total debt increased to R$469.363 million or 45.2% of total assets. Capital expenditures totaled R$50.159 million in 2Q08, mainly for Rio Verde Energia's Salto hydroelectric plant.
Ferrovial reported strong performance across most business lines in 2015. Revenues increased 11% in Services, 9% in Construction, and 18.9% in Toll Roads, driven by traffic growth and new project contributions. The order book remained high at over €31.5 billion combined for Construction and Services. Dividends received from toll road and airport investments increased compared to 2014. The company continued its focus on shareholder returns through dividend payments and a share buyback program in 2015.
Ferrovial Investors Presentation Jan Dec 2015Ferrovial
Ferrovial reported its 2015 results, with revenues increasing 10.2% to €9.7 billion and EBITDA rising 4.5% to €1.027 billion. Key highlights included strong operating growth across all business divisions, a record order backlog of €31.5 billion, and operating cash flow of €889 million. Ferrovial also increased shareholder remuneration by 4.4% while maintaining a solid financial position with €1.5 billion in net cash excluding infrastructure projects.
- Ferrovial's toll roads, airports, construction and services businesses all saw increased revenues and traffic in 2015, supported by economic recovery and currency effects.
- Key assets like Heathrow airport and 407ETR toll road increased dividends. Ferrovial also executed a share buyback and scrip dividend program.
- The consolidated net debt decreased due to asset sales like the Chicago Skyway toll road. The order book remained high for construction and services.
This document summarizes a presentation made to Bourbon shareholders on September 25, 2015. It discusses how Bourbon is influenced by oil prices, its operational and financial resilience factors, and how it compares to competitors in the current market environment. Bourbon aims to maintain a stable dividend, reduce debt levels, and potentially pursue options to further strengthen dividend growth or allow for share liquidity at a valuation reflecting the company's long-term economic value.
Ferrovial Investors Presentation Jan Sep 2015Ferrovial
Ferrovial reported strong results for the first 9 months of 2015, with revenues and EBITDA increasing by double digits. Toll road traffic grew across the portfolio, with new concessions awarded. Construction backlog remained high, with international projects performing well. Services backlog was close to an all-time high, although UK margins declined due to higher costs on one contract. Heathrow airport saw a record number of passengers and higher dividends. Overall, the company demonstrated profitable growth across its businesses.
TPI-Triunfo Participações e Investimentos S.A. reported its 1Q09 earnings results. Total traffic on toll road concessions fell 0.8% year-over-year while container volumes increased 97.9%. Net operating revenue rose 28.4% and adjusted EBITDA increased 75.9%. The company also reported a net income versus a net loss in 1Q08. Subsequent events included receiving authorization to deepen a port's draft and winning a new toll road concession.
Comgás reported strong financial results for 2010, with sales volume reaching 4.9 million cubic meters, a 15.2% increase over 2009. Investments totaled R$405 million for the expansion of its natural gas distribution network. The number of meters grew 9.12% to 767,214, and 108,612 new residential connections were added. Total shareholder remuneration including dividends and interest on equity was R$427 million.
Ferrovial reported strong performance across its business divisions in the first nine months of 2015. Revenues increased 12% and EBITDA grew 16%, helped by foreign exchange appreciation. Toll road traffic grew with the opening of new roads, and Heathrow airport saw a 2.3% increase in passengers. The services division saw a 13% revenue increase, with the construction division reporting 10% higher revenues on international growth. The company maintained a robust financial position with net cash of €1.2 billion excluding infrastructure projects.
Building a New Course for TI – Marco PatuanoGruppo TIM
- Marco Patuano of Telecom Italia Group outlined plans to build a new course for the company, focusing on network investment, governance reforms, and improving profitability.
- The presentation highlighted progress expanding fiber optic and 4G LTE networks to more cities and customers in Italy. It also discussed initiatives to enhance commercial offerings, improve operating efficiency, and transform networks and IT systems.
- Plans were presented to sharpen marketing approaches in Brazil, focusing on single SIM users and leveraging mobile broadband.
Bourbon Corporation is a world leader in offshore marine services. It provides vessels and offshore marine services to oil and gas companies. The presentation discusses Bourbon's history, fleet, activities, clients, and strategy to transform the business. Bourbon has a modern fleet of 500 offshore vessels and aims to grow beyond 2015 through an "asset smart" strategy that includes selling vessels while continuing to operate them through long-term charters. This will reduce debt while maintaining operations.
Leonardo's 1Q 2017 results presentation summarizes the company's financial performance for the first quarter of 2017. Key highlights include:
- New orders were in line with or above expectations across sectors such as helicopters, electronics, and aeronautics.
- Revenues were softer than the previous quarter due to expected lower volumes, though profitability continued to improve across sectors driven by efficiency improvements.
- Guidance for full-year 2017 is confirmed, with expectations for revenues to remain around 2016 levels and further improvements in profitability.
Telecom Italia Group outlined its 9M 2013 results and 2014-2016 plan. Net debt as of 9M 2013 was €28.2 billion, meeting the target of below €27 billion for full-year 2013. Extraordinary transactions including the disposal of Telecom Argentina and a mandatory convertible bond are expected to strengthen the balance sheet by around €4 billion. A new debt guidance targets reducing net debt/EBITDA to around 2.9x in 2014 and 2.1x in 2016 through debt reduction and equity strengthening.
Triunfo Participações e Investimentos S.A. reported financial results for 2Q12 and 1H12 that showed growth across key metrics. Net revenue increased 38.7% in 2Q12 to R$225.7 million, driven by increases in toll road traffic, port container handling, and energy sales. Adjusted EBITDA rose 24.4% in 2Q12 to R$88.7 million with margins improving. For 1H12, net revenue grew 23.6% while adjusted EBITDA increased 23.1%. Triunfo also secured key contracts and financing that will support investments of R$290.4 million in 1H12 and expansion of its toll road, port, and
This document summarizes the 4Q10 earnings results presentation of TPI - Triunfo Participações e Investimentos S.A. It highlights that total traffic, container volumes, and electricity revenue all grew compared to 4Q09. Gross revenue increased 38.2% and EBITDA grew 30.8% while net income rose 40.4%. It also outlines subsequent events including environmental licenses and toll increases. Financial results are presented on traffic, revenue, costs, EBITDA, debt, and capital expenditures for the quarter.
FY 2015 Preliminary Results & 2016-2018 Plan UpdateGruppo TIM
This document provides an agenda and summary of Telecom Italia Group's FY 2015 preliminary results presentation and 2016-2018 plan update. The presentation highlights include a decline in service revenues and EBITDA for FY 2015 but an increase in Capex. For Italy, service revenues grew quarter-over-quarter supported by growth in LTE users and fiber coverage. Mobile revenues approached parity in the fourth quarter compared to previous years. Fixed business saw a progressive build-up of broadband net additions. The document also outlines financial targets for 2016-2018 and an update on TIM Brasil's plan for the same period.
This document contains the agenda and presentation slides for Telecom Italia Group's 3Q 2015 results presentation. The presentation discusses recent highlights such as domestic performance and regulatory changes. It provides an overview of 3Q 2015 results including declines in total revenues and service revenues but improvements in mobile revenues. Charts and data are presented on key metrics like fixed broadband users, fiber coverage, mobile subscribers and ARPU, and EBITDA performance.
- BOURBON reported revenues of €1.3 billion in 2013, up 13.1% at constant exchange rates, with improved profitability.
- The company added 38 vessels to its fleet and disposed of 31 vessels for $770 million through sales and long-term bareboat charters.
- BOURBON generated strong positive free cash flow of €450 million and reduced net debt by €320 million.
- The company is proposing a dividend of €1 per share, a 34% increase from 2012.
Half Year Financial Report at June 30, 2017.pdfGruppo TIM
This report summarizes the financial and operating performance of TIM Group for the first half of 2017. Key highlights include:
- Consolidated revenues increased 7.4% to €9.8 billion, with organic growth of 3.2%. EBITDA grew 10.4% to €4.1 billion, with organic growth of 7.2%.
- Capital expenditures totaled €2.1 billion, reflecting a continued selective approach to identify higher return projects focused on innovation, transformation, and improving network coverage and quality.
- Adjusted net financial debt was €25.1 billion, down slightly from year-end 2016, as positive business operations covered borrowing costs, dividends, and spectrum payments.
1. The document outlines the agenda for the 20th anniversary event of CCR, a Brazilian infrastructure company, including presentations on challenges in infrastructure, CCR's business over the past 10 years, and future opportunities.
2. Over the past 10 years, CCR has expanded its operations beyond highways into new sectors like urban mobility and airports through acquisitions and partnerships.
3. Upcoming infrastructure projects in Brazil include highways, railways, and urban mobility projects worth over $100 billion, representing opportunities for growth for CCR.
The document outlines the agenda and presentations for a planning, transparency and credibility event held in São Paulo, Brazil. The agenda included opening remarks, presentations on transport infrastructure demands in Bahia by Governor Jaques Wagner, regulatory benchmarks in Brazil's infrastructure by Professor Paulo Resende, and current business highlights from executives at CCR Group. There was also an overview of high-quality growth for CCR Group by Leonardo Vianna and Arthur Piotto, followed by concluding remarks.
Ferrovial Investors Presentation Jan Dec 2015Ferrovial
Ferrovial reported its 2015 results, with revenues increasing 10.2% to €9.7 billion and EBITDA rising 4.5% to €1.027 billion. Key highlights included strong operating growth across all business divisions, a record order backlog of €31.5 billion, and operating cash flow of €889 million. Ferrovial also increased shareholder remuneration by 4.4% while maintaining a solid financial position with €1.5 billion in net cash excluding infrastructure projects.
- Ferrovial's toll roads, airports, construction and services businesses all saw increased revenues and traffic in 2015, supported by economic recovery and currency effects.
- Key assets like Heathrow airport and 407ETR toll road increased dividends. Ferrovial also executed a share buyback and scrip dividend program.
- The consolidated net debt decreased due to asset sales like the Chicago Skyway toll road. The order book remained high for construction and services.
This document summarizes a presentation made to Bourbon shareholders on September 25, 2015. It discusses how Bourbon is influenced by oil prices, its operational and financial resilience factors, and how it compares to competitors in the current market environment. Bourbon aims to maintain a stable dividend, reduce debt levels, and potentially pursue options to further strengthen dividend growth or allow for share liquidity at a valuation reflecting the company's long-term economic value.
Ferrovial Investors Presentation Jan Sep 2015Ferrovial
Ferrovial reported strong results for the first 9 months of 2015, with revenues and EBITDA increasing by double digits. Toll road traffic grew across the portfolio, with new concessions awarded. Construction backlog remained high, with international projects performing well. Services backlog was close to an all-time high, although UK margins declined due to higher costs on one contract. Heathrow airport saw a record number of passengers and higher dividends. Overall, the company demonstrated profitable growth across its businesses.
TPI-Triunfo Participações e Investimentos S.A. reported its 1Q09 earnings results. Total traffic on toll road concessions fell 0.8% year-over-year while container volumes increased 97.9%. Net operating revenue rose 28.4% and adjusted EBITDA increased 75.9%. The company also reported a net income versus a net loss in 1Q08. Subsequent events included receiving authorization to deepen a port's draft and winning a new toll road concession.
Comgás reported strong financial results for 2010, with sales volume reaching 4.9 million cubic meters, a 15.2% increase over 2009. Investments totaled R$405 million for the expansion of its natural gas distribution network. The number of meters grew 9.12% to 767,214, and 108,612 new residential connections were added. Total shareholder remuneration including dividends and interest on equity was R$427 million.
Ferrovial reported strong performance across its business divisions in the first nine months of 2015. Revenues increased 12% and EBITDA grew 16%, helped by foreign exchange appreciation. Toll road traffic grew with the opening of new roads, and Heathrow airport saw a 2.3% increase in passengers. The services division saw a 13% revenue increase, with the construction division reporting 10% higher revenues on international growth. The company maintained a robust financial position with net cash of €1.2 billion excluding infrastructure projects.
Building a New Course for TI – Marco PatuanoGruppo TIM
- Marco Patuano of Telecom Italia Group outlined plans to build a new course for the company, focusing on network investment, governance reforms, and improving profitability.
- The presentation highlighted progress expanding fiber optic and 4G LTE networks to more cities and customers in Italy. It also discussed initiatives to enhance commercial offerings, improve operating efficiency, and transform networks and IT systems.
- Plans were presented to sharpen marketing approaches in Brazil, focusing on single SIM users and leveraging mobile broadband.
Bourbon Corporation is a world leader in offshore marine services. It provides vessels and offshore marine services to oil and gas companies. The presentation discusses Bourbon's history, fleet, activities, clients, and strategy to transform the business. Bourbon has a modern fleet of 500 offshore vessels and aims to grow beyond 2015 through an "asset smart" strategy that includes selling vessels while continuing to operate them through long-term charters. This will reduce debt while maintaining operations.
Leonardo's 1Q 2017 results presentation summarizes the company's financial performance for the first quarter of 2017. Key highlights include:
- New orders were in line with or above expectations across sectors such as helicopters, electronics, and aeronautics.
- Revenues were softer than the previous quarter due to expected lower volumes, though profitability continued to improve across sectors driven by efficiency improvements.
- Guidance for full-year 2017 is confirmed, with expectations for revenues to remain around 2016 levels and further improvements in profitability.
Telecom Italia Group outlined its 9M 2013 results and 2014-2016 plan. Net debt as of 9M 2013 was €28.2 billion, meeting the target of below €27 billion for full-year 2013. Extraordinary transactions including the disposal of Telecom Argentina and a mandatory convertible bond are expected to strengthen the balance sheet by around €4 billion. A new debt guidance targets reducing net debt/EBITDA to around 2.9x in 2014 and 2.1x in 2016 through debt reduction and equity strengthening.
Triunfo Participações e Investimentos S.A. reported financial results for 2Q12 and 1H12 that showed growth across key metrics. Net revenue increased 38.7% in 2Q12 to R$225.7 million, driven by increases in toll road traffic, port container handling, and energy sales. Adjusted EBITDA rose 24.4% in 2Q12 to R$88.7 million with margins improving. For 1H12, net revenue grew 23.6% while adjusted EBITDA increased 23.1%. Triunfo also secured key contracts and financing that will support investments of R$290.4 million in 1H12 and expansion of its toll road, port, and
This document summarizes the 4Q10 earnings results presentation of TPI - Triunfo Participações e Investimentos S.A. It highlights that total traffic, container volumes, and electricity revenue all grew compared to 4Q09. Gross revenue increased 38.2% and EBITDA grew 30.8% while net income rose 40.4%. It also outlines subsequent events including environmental licenses and toll increases. Financial results are presented on traffic, revenue, costs, EBITDA, debt, and capital expenditures for the quarter.
FY 2015 Preliminary Results & 2016-2018 Plan UpdateGruppo TIM
This document provides an agenda and summary of Telecom Italia Group's FY 2015 preliminary results presentation and 2016-2018 plan update. The presentation highlights include a decline in service revenues and EBITDA for FY 2015 but an increase in Capex. For Italy, service revenues grew quarter-over-quarter supported by growth in LTE users and fiber coverage. Mobile revenues approached parity in the fourth quarter compared to previous years. Fixed business saw a progressive build-up of broadband net additions. The document also outlines financial targets for 2016-2018 and an update on TIM Brasil's plan for the same period.
This document contains the agenda and presentation slides for Telecom Italia Group's 3Q 2015 results presentation. The presentation discusses recent highlights such as domestic performance and regulatory changes. It provides an overview of 3Q 2015 results including declines in total revenues and service revenues but improvements in mobile revenues. Charts and data are presented on key metrics like fixed broadband users, fiber coverage, mobile subscribers and ARPU, and EBITDA performance.
- BOURBON reported revenues of €1.3 billion in 2013, up 13.1% at constant exchange rates, with improved profitability.
- The company added 38 vessels to its fleet and disposed of 31 vessels for $770 million through sales and long-term bareboat charters.
- BOURBON generated strong positive free cash flow of €450 million and reduced net debt by €320 million.
- The company is proposing a dividend of €1 per share, a 34% increase from 2012.
Half Year Financial Report at June 30, 2017.pdfGruppo TIM
This report summarizes the financial and operating performance of TIM Group for the first half of 2017. Key highlights include:
- Consolidated revenues increased 7.4% to €9.8 billion, with organic growth of 3.2%. EBITDA grew 10.4% to €4.1 billion, with organic growth of 7.2%.
- Capital expenditures totaled €2.1 billion, reflecting a continued selective approach to identify higher return projects focused on innovation, transformation, and improving network coverage and quality.
- Adjusted net financial debt was €25.1 billion, down slightly from year-end 2016, as positive business operations covered borrowing costs, dividends, and spectrum payments.
1. The document outlines the agenda for the 20th anniversary event of CCR, a Brazilian infrastructure company, including presentations on challenges in infrastructure, CCR's business over the past 10 years, and future opportunities.
2. Over the past 10 years, CCR has expanded its operations beyond highways into new sectors like urban mobility and airports through acquisitions and partnerships.
3. Upcoming infrastructure projects in Brazil include highways, railways, and urban mobility projects worth over $100 billion, representing opportunities for growth for CCR.
The document outlines the agenda and presentations for a planning, transparency and credibility event held in São Paulo, Brazil. The agenda included opening remarks, presentations on transport infrastructure demands in Bahia by Governor Jaques Wagner, regulatory benchmarks in Brazil's infrastructure by Professor Paulo Resende, and current business highlights from executives at CCR Group. There was also an overview of high-quality growth for CCR Group by Leonardo Vianna and Arthur Piotto, followed by concluding remarks.
This document summarizes the key points from a presentation on organization, focus, and governance for perpetuating success at CCR Group. It discusses CCR's expansion from 5 companies in 2005 to over 20 companies in 2017 across roads, urban mobility, airports, and services in Brazil and internationally. The presentation outlines CCR's organizational structure and roles, as well as business opportunities in roads, urban mobility projects, and other markets in Brazil, Chile, and Argentina. Traffic trends, economic indicators, and specific projects are also mentioned.
The document provides details of a meeting schedule for New Horizons: Perpetuity with Sustainable Development. The schedule includes sessions on macroeconomic scenarios, transportation in Sao Paulo, the growth of CCR's current portfolio, new business opportunities, and a financial strategy presentation. There will be presentations on traffic growth, additional investments in the portfolio, and developing new businesses like urban mobility and subways. Opportunities for CCR's current concessions include investments to improve traffic flow. New business opportunities include expanding payment services company STP and acquiring the SPVias toll road concession.
Executive Summary 2015 - Deep Sea Port by Broad Spectrum Ind Serv Ltd (Autos...Micheal Le Havre
Broad Spectrum Industrial Services Ltd proposes to construct three major projects in Calabar, Cross River State, Nigeria: 1) A 260km super highway with six lanes and lighting, 2) A 1.2km deep sea port, and 3) Mechanized farming and machinery development. The total projected cost is US$2.427 billion. The company seeks funding from global investors. The projects aim to create jobs, alleviate poverty, boost the economy, and generate revenue for Cross River State. An environmental and social impact assessment will ensure the projects comply with relevant regulations.
The brazilian economy and financing its infrastructure projects - Luciano Cou...BNDES
The document discusses Brazil's economic outlook and infrastructure investment opportunities. It notes that Brazil has strong economic foundations and macroeconomic stability. Infrastructure investment is expected to reach $1.9 trillion from 2013 to 2016, led by investments in logistics which will increase 123%. Financing for infrastructure comes from sources like the BNDES, private banks, pension funds and asset managers. The increased use of corporate bonds is also expected to play a larger role in funding investments going forward.
This document summarizes TPI - Triunfo Participações e Investimentos S.A.'s 2Q10 earnings results presentation. It shows that gross revenue increased 22.6% to R$122.833 million in 2Q10 compared to 2Q09. EBITDA grew 18.1% to R$59.834 million. Traffic on toll road concessions increased 10% and container handling volume increased 40.6% compared to the prior year. The presentation also provides details on subsequent events, debt levels, capital expenditures and the Garibaldi hydroelectric plant project.
The agenda outlines the schedule for a CCR DAY event, including presentations on various CCR projects and business units from 9:30am to 3:40pm. Some of the featured presentations are on CCR Metrô Bahia works including the status of Line 1 and 2 stations and trains, CCR AutoBAn and CCR SPVias works, CCR ViaOeste projects, and CCR NovaDutra's request for new investments including projects in Serra das Araras.
The annual report summarizes the municipality's performance in 2013/2014. It reported increases in total revenue, total expenditure, accumulated surplus funds and reserves, and net cash. Service delivery backlogs decreased for water, sanitation, and electricity but increased slightly for roads. Procurement spending increased substantially. The municipality continued work on major projects like the IRPTN and received several awards for its performance.
The document summarizes the results meeting of Aguas Andinas held on September 14, 2018. Key points discussed include:
- Revenues increased 5.6% to CLP$276 billion due to higher sales volumes and tariff indexations.
- Costs increased 3.7% primarily due to higher electricity and raw water costs.
- A green bond was issued with the lowest spread of any corporate bond in Chile in 4 years.
- Bank debt was refinanced to extend maturities.
- Investments of CLP$166 billion are planned for 2018 to improve infrastructure.
- Progress was made in increasing water autonomy, advancing circular economy goals, and beginning network digitalization
Business and investment opportunities in key infrastructure projects in Mozam...Tristan Wiggill
Mozambique has 10 provinces and 133 districts with a population of 25.7 million across its 799,380 square kilometers. There are several major infrastructure projects underway in three development corridors:
1) The Nacala Development Corridor includes plans for a co-generation plant in Tete Province producing power, fuel and fertilizer using coal and iron ore. A gas-to-industry zone is also planned in Nampula Province to produce power, fertilizer and other products.
2) The Beira Development Corridor focuses on rehabilitating roads and includes an iron and steel plant, ethanol plant, cement factory and animal feed plant.
3) The Maputo Development Corrid
The document summarizes the progress and development of the Colombo Port City project in Sri Lanka. It discusses how the Port City aims to attract foreign investment by establishing world-class infrastructure and business-friendly regulations. Over $1 billion has been invested so far in infrastructure like roads, bridges and utilities. The Port City is planned to include commercial and residential zones that could generate over 130,000 jobs and $15 billion in total investment. The document outlines sectors like finance, tourism and technology that the Port City hopes to target for foreign direct investment.
THE 2013 MINISTERIAL PLATFORM MID-TERM REPORT OF PRESIDENT GOODLUCK JONATHAN...Nigeria Centenary
In continuation of the Report Presentation of the various Ministries under the Transformation Agenda, we present here, the report of the Honorable Minister of the Federal Capital Territory. Senator Bala Abdulkadir Mohammed CON. The 2013 ministerial Platform is to commemorate the Mid-term Anniversary of President Goodluck Jonathan’s Administration
Vision
“To be one of the 20 capital cities by the year 2020 ”
Mission
“The provision of infrastructure, services and
administration for the development of a first class Federal
Capital Territory comparable to the best in the world”
Mandate
Providing an effective and efficient administrative framework
Provision of critical infrastructure
Provision of Services to the FCT residents
Wealth creation and poverty reduction
Provision of safe & secure environment
#MP2013 Presentation of the Minister of the Federal Capital Territory Adminis...FMINigeria
This document outlines progress made in infrastructure development and administrative improvements in Nigeria's Federal Capital Territory under the administration of President Goodluck Jonathan. It discusses achievements in areas like road construction, district development, transport services, and adopting a public-private partnership model using land swaps to facilitate infrastructure development. Metrics are provided showing increased completion percentages for various ongoing infrastructure projects between 2011 and 2013. The administrative framework was also strengthened through policy initiatives and organizational restructuring.
Carlos Alberto Sandoval - Infraestructure Opportunities and FDN's RoleProColombia
FDN is a Colombian development finance institution specialized in infrastructure project finance and structuring. It has committed USD 2.1 billion to infrastructure projects in only 4 years, including USD 1.1 billion to Colombia's 4G highway program. FDN provides financial services such as debt, equity, and guarantees. It also offers advisory services for project structuring. Some of the major infrastructure projects that will require funding over the next 5 years include highways, airports, ports, railways, urban mobility systems, and renewable energy generation. FDN is developing new financial products to mobilize more private resources for Colombia's growing infrastructure needs.
Financing of infrastructure projects - Luciano CoutinhoBNDES
This document discusses financing of infrastructure projects in Brazil. It summarizes that infrastructure demand has grown steadily in areas like electricity, roads, railways, ports and airports. The outlook is for investments in infrastructure like electricity and logistics to increase substantially from 2013 to 2016, totaling over $1.9 trillion. Financing will come from various sources including equity, debentures, credit lines, and government financial institutions like BNDES. Infrastructure investments are expected to be a key driver of Brazilian economic growth in the coming years.
This document provides an overview of doing business in Brazil, focusing on opportunities and challenges in Rio de Janeiro. It discusses Brazil's growing economy and domestic demand. Rio is highlighted as an economic hub with strategic sectors like oil and gas, infrastructure, and technology attracting over $100 billion in investments. However, challenges include bureaucracy, costs, and a shortage of trained professionals. The presentation outlines government institutions and Rio Negocios that can assist international businesses and promotes Rio as a center for talent and innovation.
Heavy Haul Rail South America 2013 & Urban Rail Brazil, 15-17 October 2013 | ...Tina_Karas
The document announces two rail conferences happening in São Paulo, Brazil in October 2013 - Heavy Haul Rail South America and Urban Rail Brazil. The Heavy Haul conference on October 15-16 will discuss Brazil's plans to expand freight rail capacity by 2020 and challenges in maintaining heavy haul networks. The Urban Rail conference on October 17 will be the first to bring together executives to discuss projects and smart solutions for Brazil's urban rail challenges, in preparation for the 2014 FIFA World Cup. Both conferences will feature over 20 industry leaders and provide opportunities for sponsorship, exhibition, and speaking engagements.
- Traffic fell 3.9% in 4Q18 compared to 4Q17, excluding suspended axle exemptions traffic increased 0.4%
- Adjusted EBITDA increased 3.6% in 4Q18 on a same-basis compared to 4Q17, with an adjusted margin of 61.7% (+0.4 percentage points)
- Same-basis net income in 4Q18 totaled R$356.9 million, down 21.1% from 4Q17
Este documento apresenta os resultados financeiros da CCR no quarto trimestre de 2018. Os principais pontos são:
1) O tráfego consolidado apresentou redução de 3,9%, enquanto o EBITDA ajustado cresceu 3,6% em relação ao mesmo período do ano anterior.
2) O lucro líquido atingiu R$356,9 milhões na mesma base de comparação, representando uma queda de 21,1%.
3) Eventos subsequentes incluem a assinatura do contrato de concessão da ViaSul e
O documento apresenta os resultados financeiros da CCR no 2T18. O tráfego consolidado teve redução de 5,5% em relação ao ano anterior. O EBITDA ajustado cresceu 1% na mesma base de comparação, com margem de 58,3%, enquanto o lucro líquido reduziu 5,2%. Novos negócios e eventos subsequentes são destacados.
- Consolidated traffic fell 5.5% in 2Q18 compared to 2Q17. Adjusted EBITDA on a same-basis increased 1.0% to R$1,091.7 million, with a margin of 58.3% (-0.4 p.p.). Net income on a same-basis totaled R$300.9 million, down 5.2%.
- Leonardo Couto Vianna took over as CEO of CCR on August 1, 2018. ViaMobilidade's commercial operations began on August 4, 2018.
- Gross debt totaled R$16.6 billion as of June 30, 2018, with an average cost of debt of C
- Traffic grew 2.3% consolidated and 3.1% proforma including recent acquisitions
- Adjusted EBITDA increased 9.3% on a same-basis and 17.0% reported, with margins of 62.0% and 62.2% respectively
- Net income grew 32.3% on a same-basis and 35.8% as reported
Este documento apresenta os resultados financeiros da CCR no primeiro trimestre de 2018, destacando:
1) O tráfego consolidado cresceu 2,3% e o EBITDA ajustado aumentou 9,3%;
2) O lucro líquido atingiu R$ 446,8 milhões, um crescimento de 35,8%;
3) A dívida bruta total é de R$ 17,3 bilhões, com alavancagem de 2,2x medida pelo índice Dívida Líquida/EBITDA.
- Traffic grew 4.4% in 4Q17 compared to 4Q16. Adjusted EBITDA increased 17.9% on a same-basis compared to 4Q16, with a margin of 61.3% (+2.9 percentage points).
- Net income totaled R$329.1 million, up 94.2% compared to 4Q16. The company's board proposed additional dividends of approximately R$0.20 per share.
- In January 2018, the company was selected as the best bidder to operate subway lines 5 and 17 in São Paulo through 2038.
O relatório apresenta os resultados financeiros da CCR no 4T17, destacando:
1) Crescimento de 4,4% no tráfego consolidado e de 17,9% no EBITDA ajustado na mesma base em relação ao 4T16;
2) Lucro líquido de R$329,1 milhões no 4T17, aumento de 94,2% em relação ao 4T16;
3) Proposta de distribuição de dividendos complementares de R$0,20 por ação.
O documento discute estratégias para perpetuar o sucesso da organização no futuro, abordando tópicos como organização, foco e governança. Apresenta o histórico de crescimento da empresa e oportunidades em contratos atuais e novos negócios no Brasil e no exterior.
- Traffic grew 4.1% in 3Q17 compared to 3Q16. Adjusted EBITDA on a same-basis grew 5.7% with margins of 63.8% (+0.6 p.p.). Net income on a same-basis grew 63.1%.
- Cash costs were up 2.0% on a same-basis to R$731 million due to inflation adjustments. Adjusted EBITDA was up 5% on a same-basis to R$1.28 billion.
- Gross debt was R$14.7 billion, with net debt/EBITDA of 2.2x. The company raised R$1.295 billion in new debt in 3
O documento apresenta os resultados financeiros da CCR no 3T17, com destaque para:
1) Crescimento de 4,1% no tráfego consolidado e de 5,7% no EBITDA ajustado na mesma base em comparação com o 3T16.
2) Lucro líquido de R$ 472,3 milhões no trimestre, queda de 59% devido a efeitos não recorrentes no 3T16.
3) Endividamento bruto de R$ 14,7 bilhões, com alavancagem de 2,2x medida pelo í
- Traffic fell 0.8% while adjusted EBITDA increased 69.7% and net profit increased 357.9%
- The company acquired control of ViaQuatro and an additional stake in ViaRio
- Adjusted EBITDA on a same-basis increased 4.8% due to cost optimization efforts despite lower traffic
- Net debt to EBITDA was 1.8x due to strong earnings growth and debt refinancing at lower interest rates
O documento apresenta os resultados financeiros da CCR no 2T17. O tráfego consolidado teve queda de 0,8%, enquanto o EBITDA ajustado cresceu 69,7% e o lucro líquido aumentou 357,9%. Na mesma base, o EBITDA subiu 4,8% e o lucro líquido cresceu 195,8%. A dívida líquida total é de R$14,7 bilhões.
- Traffic fell 0.8% while adjusted EBITDA increased 69.7% and net profit increased 357.9%
- Key corporate events included acquiring control of ViaQuatro and increasing stake in ViaRio
- Financial highlights showed increases in revenues, adjusted EBITDA, and net income, while margins expanded significantly
- Costs grew due to variable compensation, collective bargaining agreements, and one-off acquisition effects
- Fundraising efforts in the quarter raised over R$1.3 billion, while debt metrics like net debt/EBITDA remained stable
O documento apresenta os resultados financeiros da CCR no 2T17. O tráfego consolidado teve queda de 0,8%, enquanto o EBITDA ajustado cresceu 69,7% e o lucro líquido aumentou 357,9%. Na mesma base, o EBITDA subiu 4,8% e o lucro líquido cresceu 195,8%. A dívida líquida total é de R$14,7 bilhões.
- Traffic fell 2.8% in 1Q17 compared to 1Q16. Adjusted EBITDA increased 3.9% to R$1.03 billion with a margin of 61.0%.
- Net income was R$329.0 million, down 32.9%. Excluding new businesses, net income was R$338.5 million, down 46.6%.
- Gross debt was R$14.9 billion, up 1.1%. Net debt to EBITDA was 1.8x. The Company raised R$362 million in local debt and USD$8 million in international loans.
Este documento fornece um resumo dos resultados financeiros da CCR no primeiro trimestre de 2017, destacando:
1) O tráfego consolidado apresentou queda de 2,8%, enquanto o EBITDA ajustado cresceu 3,9% e a margem EBITDA foi de 61%;
2) O lucro líquido alcançou R$ 329 milhões, aumento de 32,9%;
3) As principais captações no trimestre somaram R$ 362,3 milhões.
- Traffic fell 7.0% in 4Q16 compared to 4Q15. Adjusted EBITDA increased 0.4% with a margin of 58.4% (+0.2 p.p.).
- Net income totaled R$169.5 million, down 30.8%. Same-basis net income was R$214.4 million, down 12.9%.
- In February 2017, the Company announced the completion of a primary share offering that raised R$4.07 billion through the issue of 254 million new shares.
O documento apresenta os resultados financeiros da CCR no 4T16, com ênfase nos seguintes pontos:
1) O tráfego consolidado apresentou queda de 7%, enquanto o EBITDA ajustado cresceu 0,4% e a margem foi de 58,4%;
2) O lucro líquido atingiu R$169,5 milhões, queda de 30,8%;
3) Em evento subsequente, foi realizada uma oferta de ações que levantou R$4,07 bilhões.
O documento apresenta a agenda de um evento da CCR com palestras sobre estratégias e projetos das empresas do grupo CCR em rodovias, mobilidade urbana e aeroportos. Inclui apresentações sobre a expansão da malha rodoviária e metrô de São Paulo e sobre o desempenho das concessionárias do grupo.
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
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3. PROGRAM
09:30 OPENING
Renato Vale
10:00
SECRETARY OF THE GROWTH
ACCELERATION PROGRAM
Maurício Muniz
10:20
SECRETARY OF ECONOMIC AFFAIRS
(SEAE) OF THE MINISTRY OF FINANCE
Paulo Correa
10:40 Q&A
11:30
CURRENT BUSINESS AND THE FUTURE OF
CCViaQuatro | CCR MetrôBahia
Italo Roppa
11:45
CURRENT BUSINESS AND THE FUTURE OF CC
CCR NovaDutra | CCR MSVia | ViaRio | VLT Carioca
Jose Bráz
12:00
CURRENT BUSINESS AND THE FUTURE OF CCR
Airports
Ricardo Bisordi
12:35
OUR VISION ABOUT THE
PERSPECTIVE AND FUTURE OF CCR
Arthur Piotto
12:15
CURRENT BUSINESS AND THE FUTURE OF CC
Alliance Agreement | NASP | TAS | Future projects
Leonardo Vianna
ANTT GENERAL DIRECTOR
Jorge Bastos13:05
13:15
13:30
CLOSING
Renato Vale
Q&A
BREAK11:00
10. CCR BUSINESS
Enable solutions for Infrastructure Investments
and Services, contributing to the Socio-
economic and Environmental Development of
the regions where we operate.
14. 20 YEARS OF CONCESSIONS
CCR has a proven track record, either in
acquisitions, diversification or new bids.
Acquisitions
Concessions awarded
Marks
Concession extension
*In process of acquisition
Follow-on
EUA
201320122011201020092008200720062005
Follow-on
20042003
IPO
2002 2015
15. COMPARISON
IBovespa x IGC x CCR Stocks
IGPM varied 175% and IPCA 141%.
Closing price CCR x IBovespa
Base 100: 01/31/2002 (without dividends adjustment)
-
500
1.000
1.500
2.000
2.500
Feb
2002
Feb
2003
Feb
2004
Feb
2005
Feb
2006
Feb
2007
Feb
2008
Feb
2009
Feb
2010
Feb
2011
Feb
2012
Feb
2013
Feb
2014
Feb
2015
29. more than 198 MILLION
passengers transported
in the past 12 months
2015
30. COMPLETION AS OF 2014
Luz
RepúblicaPaulista
Faria Lima
Pinheiros
Butantã
31. DEMAND AVERAGE
Working days
12 th
181 th
568 th
651 th
672 th 689 th
2010 2011 2012 2013 2014 2015 (*)
Record
785
(May/14)
Only
Paulista and
Faria Lima
stations in
operation
Opening of Butantã,
Pinheiros, República
and Luz stations
(*) Market Consensus
Opening of
Fradique
Coutinho station
32. Investments in trains and systems:
Cumulative chart of investments and advances in 2015
VIAQUATRO
Investiments (R$)
0
120.006
221.507
365.487
531.108 545.341 568.977
702.479
812.596
2007 2008 2009 2010 2011 2012 2013 2014 2015 (*)
37. CCR METRÔ BAHIA WORKS
Line 1 StationsLine 2 Stations
Lapa
Pólvora Brotas
Acesso
Norte
Retiro
Bom Juá
Pirajá
Detran
CAB
Pituaçu
Flamboyant
Tamburugy
Mussurunga
Aeroporto
Bonocô
Rodoviária
Pernambués
Imbuí
Bairro da Paz
38. CCR METRÔ BAHIA
Contract Term:
2043 (30 years)
Total planned investment:
R$ 3,85 Bi (base apr/13)
Public Capital Injection (base oct/13):
Total Amount: R$ 2,28 Bi
Capital Injection Due: R$ 0,31Bi (until Nov/15)
Capital Injection Done: R$ 0,27 Bi (until Nov/15)
Beginning of Collection:
Dec 21, 2015
Financing:
Short Term: Solved
Long Term: R$ 2,01 Bi
(BNDES)
39. CCR METRÔ BAHIA
Project ( economic progress ) – base apr/13
2014
J F M A M J J A S O N D
2015
J F M A M J J A S O N D
2016
J F M
2017
A M J J AJ F M A M J J A S O N DO N D
2013
Previsto: 75%
Realizado: 37%
40. CCR METRÔ BAHIA
Capital Injection
Total Capital Injection (contract): R$ 2.283 Bi
Total Capital Injection : R$ 0,311 Bi
Total Capital Injection Received: R$ 0,272 Bi
60. Contract Term:
Feb/2021
Investments agreed:
R$ 3.2 Bi
Serra das Araras
Side roads in Rio, São Paulo
and São José dos Campos
Other Safety Works
Contract rebalance:
Marginal cash flow
TIR: 9.95%
Expansion of concession term
CCR NOVADUTRA
65. CCR MSVIA
Contract Term:
2044 (30 years)
Forecasted Investments:
R$ 5.5 Bi
40% already contracted
Completion of 10% to toll
approval
Beginning of Collection:
September 14, 2015
37 days before planned
BNDES Financing:
Bridge Loan – R$ 544 Million
Long Term – R$ 3 Bi*
* Under analysis
66. Fee – Light Weight Vehicles
CCR MSVIA
Mundo Novo 3,20 4,70
Itaquirai 4,30 6,40
Caarapó 4,40 6,50
Rio Brilhante 4,40 6,50
Campo Grande 4,90 7,20
Jaraguari 3,80 5,60
São Gabriel 3,70 5,50
Rio Verde 4,80 7,20
Pedro Gomes 3,60 5,40
Plaza Fee Adjusted fee Average
Adjustment
47.71%
Inflation in the period
25.87%
Axels Suspended
14.40%
Retuns at road level
2.67%
67. CCR MSVIA
Actual MV X Planned MV
2013 2014 2015
Plan. 2,59% 3,09% 3,29%
Actual 2,49% 0,14% -3.14 (*)
TRAFFIC GROWTH 2013 2014 2015
CCR RODO
NORTE
Actual 7,95% 2,17% -2,97%
VDM MSVIA
Counting prior to collection
October / 2013 51.245
October / 2014 54.509 6,37%
August / 2015 53.013 -2,74%
ADV of Collection in October
Passenger Cars 24.731
Commercial Vehicles 21.774
Total 46.505
% var. on Ago/15 -12,3%
(*) Projection on November 14.
(**) Projection SEMAC
PIB Brasil
68. INVESTMENTS
Completion of the
implementation of 9 toll
plazas on August 13
Completion of the
duplication of priority
sections on August 22
77. VIARIO
Planned x Actual 2015 and 2016
(Value OP – Timetable 8.0)
40,5%
43,1%
46,0%
49,2%
54,5%
59,9%
65,5%
70,7%
74,8%
78,9%
40,5% 43,1%
46,0%
49,2%
54,5%
59,7%
65,0%
70,0%
74,3%
78,4%
82,4%
86,2%
90,1%
93,9%
97,6%
100,0%
78. VIARIO
Public Capital Injection:
Total Amount: R$ 1.60 Bi
Capital Injection Done: R$ 1.35 Bi
Contract Term:
2044 (30 years)
Investments to date:
Total Amount: R$ 2,012 Bi
Done: 78,9%
80. CONCESSION DATA
Beginning of Collection:
May 2016
Financing:
Bridge Loan
Market
Value: R$ 426 million
Long term
CEF
Value: R$ 621 million*
* Under analysis
Public Capital Injection:
Total Amount: R$ 1.60 Bi
Capital Injection Done: R$ 1.35 Bi
Contract Term:
2044 (30 years)
Investments to date:
Total Amount: R$ 2,012 Bi
Done: 78,9%
89. Contract Term
25 years
Total Lenght
28 km
Total Planned Investments
R$ 1.2 Bi, being 45% through
public capital injection
Investments done to date
51.5%
VLT CARIOCA
91. Contract term
25 years
Total length
28 km
Total forecasted investments
R$ 1.2 billion, being 45% through
public capital injection
Investments done to date
51.5%
Financing
BNDES and Market
Short term – R$ 512 million
Long term – R$ 740 million
Public Investments
Total: R$ 656 million
Received: R$ 193 million
CONCESSION DATA
Beginning of commercial
operations
1st stage: May 2016
2nd stage: Sep 2016
92. PUBLIC CAPITAL INJECTION VLT CARIOCA
Adjustment
Mark
532
179,2 179,2
123,8 28,9 13,4 15,5
Amount of capital
injection
Amount due Amount paid Amount to be paid
96. OUR AIRPORTS
Quito International Airport,
Ecuador
San José International
Airport, Costa Rica
Belo Horizonte
International Airport
Curacao International Airport
2012
3
9,977 million
187,722 million
5,377
Airports
Passengers
MTOWs
ATMs
2015
4
22,153 million
239,444 million
9,115
100. Renovation and Reconfiguration of
Passengers Terminal 1
INVESTMENTS
R$ 55 million in investments
• Emergency works
• Internal Reconfiguration
• Improvements in Coverage
Works of Public Authority already
undertaken
• R$ 40 million and a balance of
R$ 210 million
INITIAL COMPLETION FORECAST
: SEPTEMBER 2014
( public authority’s responsibility)
COMPLETION FORECAST
OCTOBER 2016
101. TPS 2: ~50 thousand m² of constructed area
New Passengers Terminal
• 17 new Boarding Bridges
1,800 parking spaces
Adequacy of Roadways
R$ 610 million investments
INITIAL COMPLETION
FORECAST: APRIL 2016
COMPLETION FORECAST
END OF 2016
Delay in
environmental
licencing
INVESTMENTS
102. TPS 3
INVESTMENTS
Total investment R$ 9.8 million
• Adequacy works in the internal area for
international use
• Adequacy of roadway system
• 400 parking spaces
Works of Public Authority undertaken:
R$ 6.7 million
INITIAL COMPLETION
FORECAST : APRIL 2014
( public authority’s responsibility)
COMPLETION OF WORKS
AUGUST 2015
103. Airside
INVESTIMENTOS
Total investment: R$ 163 million
(1st and 2nd phases)
• Runway Recovery
• Extension of Aprons 01 and 02
• 44 Apron positions for aircrafts
• Adequacy of roadways
• Works of Public Authority already
undertaken: R$ 53 million
INITIAL COMPLETION
FORECAST : APRIL 2014
( public authority’s responsibility)
COMPLETION FORECAST
1st phase Dec 2015
2nd phase Dec 2016
3rd phase after 2020
104. GENERAL VIEW OF THE AIRPORT
Construction of new runway (2.500
mt), roadways and service tracks
Construction of overpass
connecting the two runways
Phases 1 and 2 – Year 2020
120. ALLIANCE AGREEMENT OF BAHIA METRO
Independent company to monitor project costs
Promon Engenharia LTDA was contracted.
Last trend assessment (in Oct 2015) :
Progress of work : 47.5%
Comparison of Target Price x Ceiling Price : ~ 4.0%
122. NASP HISTORY
Controllers presentation of transference proposal of NASP development to
CCR:
Transference of option contract of the acquisition of an area in Caieiras
/ Cajamar, including the reimbursement of installments already paid
Reimbursement of expenses already incurred in studies
Participation in the future project (% EBTIDA)
RELEVANT FACT OF JUN 15, 2015:
Creation of an independent committee (2 members: independent
counselors + 1 controller member with no conflicts)
123. NASP HISTORY
Controllers present a new proposal to CCR:
Transference of option contract of the acquisition of an area in
Caieiras / Cajamar, without the reimbursement of installments
already paid
Timely analysis of reimbursement of expenses already incurred in
studies observing governance rules of the company
Timely analysis of FEE of project development, observing
governance rules of the company
RELEVANT FACT OF OCT 21, 2015:
CAD authorization to access the exercise of the option
126. WHY NASP?
GRU saturation in a short period of time (+/- 5 years):
High cost of expansion
Social and economic issues in removing the families (more than 10,000 families)
Congonhas already reached saturation without expansion alternatives
Option - Viracopos: Too distant
Other properties: Great limitation of properties with suitable size and location
Viable alternative: NASP
127. RATIONAL IMPLEMENTATION OF AIRPORT
2. Mexico City Benito Juarez
4. New York J. F. Kennedy
5. Sao Paulo Guarulhos
9. Los Angeles Los Angeles
18. Buenos Aires Ministro Pistarini
20. Rio de Janeiro Galeão
Located 100 km from São Paulo city center, Viracopos Airport is not the solution for the
demand growth of RMSP as shown in previous experiences from other countries
Americas
13. Cairo Cairo
15. Karachi Jinnah
27. Tehran Mehrabad
28. Tehran Imam Khomeini
31. Lagos
Lagos Murtala
Muhammed
Africa / Middle East
16. Moscow Sheremetyevo
17. Moscow Domodedovo
22. London Heathrow
23. London Gatwick
24. London Stansted
25. London City
26. London Luton
29. Istanbul Atatürk
30. Istanbul Sabiha Gökçen
33. Paris Charles de Gaulle
34. Paris Orly
Europe
1. Tokyo Narita
3. Seoul Incheon
6. Mumbai Chhatrapati Shivaji
7. Delhi Indira Gandhi
8. Shanghai Pudong
10. Osaka Kansai
11. Jakarta Soekarno-Hatta
12. Calcutta K. N. S. C. Bose
14. Manila Ninoy Aquino
19. Dhaka Zia A. Bimanbondor
21. Beijing Beijing Capital
32. Shenzhen Shenzhen
Asia
Source: Bain & Co. (except NASP location)
1
36
7
8
10
3211
14
1912
21
2
4
5
9 20
18
16
34
17
22
25 29
33
26
30
24
23
31
27
15
13
28
Viracopos
City
Center
100 80 60 40 20 20 40 60 80 100
NASP
128. NASP vs. GUARULHOS
Income concentration
per neighborhood
Very low
Low
Medium
High
Very high
Airport with quicker
access per neighborhood
NASP
GRU
80% of high income population in SP
reach NASP faster than GRU.
For this segment of the population,
travelling to NASP takes, in average,
31 minutes less than to GRU.
For SP population, access to NASP
takes, in average, 11 minutes (18%)
less than GRU.
KEY POINTS
Source: AG/CC Study, time simulation to destination - WAZE. Income Information: demographic census - IBGE 2010. High income population: families with per capita income above 5
minimum wages (minimum wage of R$ 510), corresponds to ~11% of SP population in 2010. % of high income population per neighborhood varies between 1% and 48%.
129. NASP DESCRIPTION
Processing of up to 60 million pax / year
Passengers terminal with 130.000 m2
Movement of 293,000 aircraft movements (ATM) / year
Movement of 739,000 tons of cargo / year
Construction of approximately 17,000 parking spaces for cars
Construction of two parallel runways with capacity for 62 movements per hour
81 positions for aircraft parking: 38 remote and 43 fixed
131. PRESENCE IN AIRPORTS
Main airports in the United States
San Francisco (SFO)
Los Angeles (LAX)
Huntsville (HSV)
Chicago (ORD)
Newark (EWR)
Atlanta (ATL) Bradley (BDL)
SFO
LAX
ORD
HSV ATL
BDL
EWR
133. WHAT IS TAS?
Airport services company
1 2
3 4
1. Cargo Warehousing/Handling
2. Passenger Services
3. Ground Handling
4. Ramp Operations
134. USA STRATEGY
• Fragmented American market;
• Cities / Pool of Cities comprises Airport Authorities
• Some Terminals are operated by private companies (Airlines)
• Have knowledge of the markek and experience in industry;
• Have a suitable network both with airlines and airport authorities;
• Be based in the US – airport authorities too decentrilized;
• Be recognized as an American company.
138. New Projects
FEDERAL HIGHWAYS
CP 02 BR 476/153/PR e BR 153/282/480/SC Lapa - Chapecó 460 4,5 bi 15/01/2015
CP 03 BR 364/GO e BR 364/MG Jataí - Itumbiara 439 3,1 bi 08/06/2015
CP 04 BR 163/MT e BR 163/230/PA Sinop - Miritituba 976 6,6 bi 14/05/2015
CP 05 BR 364/MT e BR 364/060/GO Rondonópolis - Goiânia 704 4,1 bi 14/05/2015
18,3 bi
CP Highways Section Ext.
(km)
Invest.
(R$)
Completion
1 BR 101 / BA Gandu - Feira de Santana 199 1,6 bi
2 BR 101 / SC Palhoça – Border SC/RS 220 1,1 bi
3 BR 262 / MS Campo Grande - Três Lagoas 327 2,5 bi
4 BR 267 / MS Nova Alvorada - Presid. Epitácio 249 2,0 bi
5 BR 280 / SC S.Francisco do Sul - Jaraguá - Porto União 307 2,1 bi
6 BR 364 / RO / MT Comodoro - Vilhena - Porto Velho 806 6,3 bi
7 BR 101 / 232 / PE
Recife - Caruaru - Cruzeiro and Construction of Recife’s
Metropolitan Arch
564 4,2 bi
8 BR 262 / 381 / MG BH – Border ES/MG 305 1,9 bi
9 BR 470 / 282 / SC Navegantes - Blumenau – Campos Novos - Vargem Bonita 455 3,2 bi
10 BR 101 / 493 / 465 / RJ/SP Rio-Santos until Ubatuba and Rio’s Metropolitan Arch 357 3,1 bi
11 BR 101 / 116 / 290 / 386 / RS Osório - POA and Camaquá-Carazinho 581 3,2 bi
4.370 31,2 bi
139. New Projects
STATE HIGHWAYS
5 Highways
STATE HIGHWAYS - SP
3,000 Km
Estimated
investment
R$13 billion
Whole State
network
STATE HIGHWAYS - MG
PMI on
Nov 16, 2015
28,000Km
144. OUR VISION ABOUT THE
PERSPECTIVE AND FUTURE OF CCR
ARTHUR PIOTTO FILHO2015
145. PILLARS OF THE FINANCIAL POLICY
Indebtedness of
3.0x Net
Debt/EBITDA
Company
growth will be
funded through
leveraging
Commitment of
paying a
minimum of
50% of net profit
as dividends
146. PROGRESS OF INDEBTEDNESS AND ADDITIONAL LEVERAGING
CAPACITY
Net Debt and EBITDA: Pro forma values.
Pro forma values include proportional data of those controlled together.
R$ Bi
Additional
Capacity2,1
4,2
Net Debt Net Debt / EBTIDA (x)
ViaRio
Barcas
Quito
San
José
Curaçao
VLT Metrô
Bahia
BH
Airport
MSVia
147. PILLARS OF THE FINANCIAL POLICY
Indebtedness of
3.0x Net
Debt/EBITDA
Company
growth will be
funded through
leveraging
Commitment of
paying a
minimum of
50% of net profit
as dividends
148. DEBT BREAKDOWN (SEP/15)
WITHOUT HEDGE
Pro forma Indebtedness.
Pro forma values include proportional data of those controlled together
Net Exposure in dollars in Sep/15: US$ 119.3 million
CDI TJLP OtherIPCA USD (BR) USD (Exterior)
54,1%
18,1%
13,0%
4,9%
8,4%
1,5%
78,8%
3,4%
3,0%
4,9%
8,4%
1,5%
WITH HEDGE
149. DEBT AMORTIZATION SCHEDULE
Pro forma Indebtedness. Pro forma values include proportional data of those controlled together.
R$ billions
DEBT AMORTIZATION
SCHEDULE DEC 2014
DEBT AMORTIZATION
SCHEDULE SEP 2015
2015 2016 2017 2018 2019 2020-2024 2015 2016 2017 2018 2019 2020-2024
150. MATURITIES 4Q15
Pro forma indebtedness with transaction costs.
R$ millions
Bank Credit
Bank Credit Notes (CCB)
Law 4131
Capital Market
Debentures and Promissory Notes
Encouraged Debentures
Private Placements
Long Term
BNDES
FI-FGTS
Pró Transporte
VITER / Pró Transporte
BID161
213
970
2015
1.344
Units
CCR Barcas:
CCR AutoBAn:
CCR NovaDutra:
CCR RodoAnel:
CCR ViaOeste:
CCR SPVias:
Samm:
Outros:
239*
166
153
115
79
67
53*
98
Holdings
CCR:
CPC:
146
67
New business
* Refinanced
151. Pro forma indebtedness with transaction costs.
Bank Credit
Bank Credit Notes (CCB)
Law 4131
Capital Market
Debentures and Promissory Notes
Encouraged Debentures
Private Placements
Long Term
BNDES
FI-FGTS
Pró Transporte
VITER / Pró Transporte
BID
Units
CCR SPVias: 1.235
CCR RodoAnel: 750
CCR AutoBAn: 528
CCR ViaOeste: 293
ViaQuatro: 89
Outros: 259
Holdings
CPC: 750
CCR: 620
New business
MATURITIES 2016
R$ millions
6.210
152. STATUS OF NEW BUSINESSES FINANCING
R$ millions CCR MSVia CCR Metrô Bahia VLT1 ViaRio1
Short Term
Indebtedness Sep/15
544 1.033 128 142
Long Term 3.000 2.000 185 207
Source BNDES BNDES BNDES CEF – Viter**
Cost of Debt3 TJLP + 2% a.a. TJLP + 3,18% a.a. TJLP + 3,44% a.a. TR + 9% - 10,5% a.a.4
Amortization 25 years 27 years 20 years 20 years
Forecasted
Disbursement
Mar/16 Dec/15 Nov/15 Jan/16
BH Airport
405
1.000
BNDES
TJLP +
2,83% a.a.5
20 years
Jan/166
1 – CCR Participation
2 – Managed Portfolio of Mobility (FGTS) – Viter
3 – Cost of Debt without Commissions and Taxes
4 – TR = 1,7% a.a.
5 – Average Cost
6 – Bridge loan
153. PILLARS OF THE FINANCIAL POLICY
Indebtedness of
3.0x Net
Debt/EBITDA
Company
growth will be
funded through
leveraging
Commitment of
paying a
minimum of
50% of net profit
as dividends
154. DIVIDENDS HISTORY
Net profit Dividend Yield Payout
2015E: Net profit market consensus | Pro forma Values.
R$ millions
157. FINAL MESSAGE
Accuracy of projected capex CCR MSVia and CCR Metro Bahia
Transfer of public resources in the PPPs
Resilient operational margins, considering the current economic scenario
Strong support from financing sources
We believe that CCR will complete
this cycle of investments
even better prepared
for the next one...
163. 20 YEARS OF CONCESSIONS
CCR has a proven track record, either in
acquisitions, diversification or new bids.
.
Acquisitions
Concessions awarded
Marks
Concession extension
*In process of acquisition
Follow-on
EUA
201320122011201020092008200720062005
Follow-on
20042003
IPO
2002 2015
164. CASH DIVIDENDS HISTORY
Net Profit Dividend Yield Payout
Dividend Yield: Year average price until Nov 09
R$ millions
166. INVESTMENTS IN SUSTAINABILITY
Direct and encouraged investments
12 years - investments of
R$ 161 million
Next 5 years –
investments of
R$ 249 million
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
169. WHY INVESTING IN CCR?
Clear, defined and public strategy
Controller Partners with same goals and
vision
Qualified employees in ongoing
development process
Solid financial structure
Access to capital markets
Strong dividends policy
Significant upside potential
Qualified growth and sustainable
development