- 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.

1. EARNINGS RESULTS 1Q17
May, 2017

2. Disclaimer
2
This presentation may contain certain forward-looking projections and trends that neither
represent realized financial results nor historical information.
These forward-looking projections and trends are subject to risk and uncertainty, and
future results may differ materially from the projections. Many of these risks and
uncertainties are related to factors that are beyond CCR’s ability to control or to estimate,
such as market conditions, currency swings, the behavior of other market participants, the
actions of regulatory agencies, the ability of the company to continue to obtain financing,
changes in the political and social context in which CCR operates or economic trends or
conditions, including changes in the rate of inflation and changes in consumer confidence
on a global, national or regional scale.
Readers are advised not to fully trust these projections and trends. CCR is not obliged to
publish any revision of these projections and trends that should reflect new events or
circumstances after the realization of this presentation.

3.  TRAFFIC:
Consolidated traffic¹ fell 2.8%.
• ADJUSTED EBITDA:
Adjusted EBITDA increased by 3.9%, with an adjusted margin of 61.0%
(+0.3 p.p.).
 NET PROFIT:
Net income totaled R$329.0 million, 32.9% down. Same-basis² net
income totaled R$ 338.5 million, 46.6% down.
1Q17 Highlights
3
1 Excluding the proportional traffic of Renovias and ViaRio.
² Same-basis figures exclude: (i) STP, whose stake was sold on August 31, 2016; and (iv) additionally, in profit in the same comparison basis and in same-basis pro-
forma comparisons, it excludes ViaRio and VLT.

4.  The Annual and Extraordinary Shareholders’ Meeting of April 11 approved
the distribution of dividends of around R$0.19 per share as of April 28.
 On April 20, after complying with the conditions precedent provided for in
the agreement, CCR concluded the financial transaction for effective
acquisition of 15% of the shares issued by ViaQuatro.
Subsequent Event

5. Financial Highlights
5
1 Net revenue excludes construction revenue.
2 Same-basis figures exclude: (i) STP, whose stake was sold on August 31, 2016; and (ii) additionally, in profit in the same comparison basis and in same-basis pro-forma
comparisons, excludes ViaRio and VLT.
3 Calculated by adding net revenue, construction revenue, cost of services and administrative expenses.
4 The adjusted EBIT and EBITDA margins were calculated by dividing EBIT and EBITDA by net revenue, excluding construction revenue, as required by IFRS.
5 Calculated excluding non-cash expenses: depreciation and amortization, the provision for maintenance and the recognition of prepaid concession expenses.
Net Revenues1
1,635.9 1,691.4 3.4% 1,909.8 1,893.1 -0.9%
Adjusted Net Revenues on the same basis2
- - - 1,836.6 1,871.8 1.9%
Adjusted EBIT3
705.1 710.8 0.8% 826.6 811.2 -1.9%
Adjusted EBIT Mg.4
43.1% 42.0% -1.1 p.p. 43.3% 42.8% -0.5 p.p.
EBIT on the same basis2
- - - 806.1 807.7 0.2%
EBIT Mg. on the same basis2
- - - 43.9% 43.2% -0,7 p.p
Adjusted EBITDA5
992.4 1,031.2 3.9% 1,157.7 1,167.0 0.8%
Adjusted EBITDA Mg.4
60.7% 61.0% 0.3 p.p. 60.6% 61.6% 1.0 p.p.
Adjusted EBITDA on the same basis2
- - - 1,131.7 1,161.5 2.6%
Adjusted EBITDA Mg. on the same basis2
- - - 61.6% 62.1% 0.5 p.p.
Net Income 247.5 329.0 32.9% 247.5 329.0 32.9%
Net Income on the same basis2
230.9 338.5 46.6% 230.9 338.5 46.6%
Financial Indicators (R$ MM) 1Q16 1Q17 Chg % 1Q16 1Q17 Chg %
IFRS Proforma

6. 244,606
267,039
256,831
248,689 243,092
1Q13 1Q14 1Q15 1Q16 1Q17
Traffic – Quarter Change (Proforma*)
6
Consolidated – MM Equivalent Vehicle
Revenue and traffic 1Q17 X 1Q16 (%)
* Information including Renovias and ViaRio.
Excluding
ViaRio
236.638 (-2.7%)
-2.5 -2.1
0.4
6.6
-2.4 -0.9 -1.5
-6.3
-14.4
7.0 6.2
4.5
13.4
6.1 7.3
4.3
1.1
-13.2
AutoBAn NovaDutra Rodonorte ViaLagos ViaOeste Renovias RodoAnel Oeste SPVias MSVia
Traffic Toll Revenues

7. Gross Operating Revenues
(excluding construction revenue)
7
Payment Means
EBITDA Breakdown
Revenue Analysis (Proforma*)
* Including the proportional results of jointly-owned subsidiaries.
93% 89% 86% 90%
3% 7% 8%
5%
3% 3% 3%
0% 1% 3% 5%
1Q14 1Q15 1Q16 1Q17
Highways Airports Services Urban Mobility
69% 69% 68% 68%
31% 31% 32% 32%
1T14 1T15 1T16 1T17
Electronic Cash
Autoban
24.7%
NovaDutra
15.1%
ViaOeste
12.3%
Rodonorte
9.4%
Airports
8.5%
SPVias
7.3%
Metrô Salvador
3.4%
ViaQuatro
3.3%
MSVia
3.2%
RodoAnel
3.0%
TAS
2.4%
Renovias
2.1% Others
1.7%
ViaLagos
1.8% Barcas
1.6%

8. 1,493
1,693
27 0 1 15
150 6 3
1Q16 Depreciation
and
Amortization
Third-party
Services
Granting
Power and
Advanced Expenses
Personnel
Costs
Construction
Costs
Maintenance
Provision
Other
Costs*
1Q17
8
Cash cost:
R$ 681 MM
(+2.5%)
Cash cost:
R$ 664 MM
Proforma same-
basis Cash
Cost: R$ 738
MM (+1.5%)
IFRS Costs Evolution
Total Costs (R$ MM)
0% 6% 27%12% 1% 14% 3%
Conclusion of
civil works in
NovaDutra and
Rodonorte
Reduction at Curaçao
and Msvia. Increase at
NovaDutra, AutoBAn
and ViaOeste.
Curaçao
Capex (new
business)
update
Estimates
SPVias
Collective
bargaining
agreement
* Materials, insurance, rent, marketing, trips, electronic means of payment, fuel and other general expenses.

9. 1,158 1,167 1,162
(5)
1Q16
Proforma
EBITDA
1Q17
Proforma
EBITDA
New
Projects
1Q17
Proforma
EBITDA
Same Basis
Proforma EBITDA*
9
60.6%
Mg.
* Same-basis figures exclude new businesses, either non-operating, under assisted operation, or which were not part of the portfolio during at least one of the
comparison periods: ViaRio, VLT and STP.
*
1Q16 Same basis
R$ 1,131 MM
61.6% Mg.
R$ MM
61.6%
Mg.
61.2%
Mg.

10. 10
23%
•Average cash balance 1Q17 x 1Q16 = 83.1%
• Chg. of average CDI 1Q17 X 1Q16 = - 1.5 p.p.
• Gross Debt = R$ 14.9 bi (+1.1%)
R$ MM
IFRS Financial Results
455.8
350,9
(33.6 ) 42.7
43.0
7.2 (3.2 ) 13.8
35.3
(0.3 ) (0.3 )
1Q16 Net
Financial Result
Income from
Hedge
Operation
Monetary
variation on
loans, financ.
and debentures
Monetary
Variation on
Liabilities
related to the
Granting Power
Exchange Rate
Variation on
Loans and
Financing
Present Value
Adjustment of
Maintenance
Prov. and
Liabilities
related to the
Granting Power
Interest on
Loans,
Financing and
Debentures
Investment
Income and
Other Income
Fair Value of
Hedge
Operation
Others 1Q17 Net
Financial Result

11. 11
R$ MM
Same basis
R$ 230.9 MM
*
Net Income
* Same-basis figures exclude new businesses, either non-operating, or which were not part of the portfolio during at least one of the comparison periods: ViaRio,
VLT and STP.
Same basis
(+46.6%)
248
329 9.6 339
1Q16
Net Income
1Q17
Net Income
New
Projects
1Q17 Net Income
Same Basis

12. 1Q17
1Q16
Hedged gross debt by indexer
12
Gross debt by indexer
• Total Gross Debt: R$ 14.9 bi
(R$16.3 bi proforma)
• Net Debt / EBITDA: 1.8 x
(1.8 x proforma)
Not hedged
Hedged
1Q17
Debt in March 31, 2017
Indebtedness and leverage position
*LTM 1Q17 adjusted EBITDA includes the sale of the stake in STP. Excluding this R$1,307.7 million effect on EBITDA, the Net Debt/EBITDA ratio came to 2.4x (2.3x in
proforma figures) in March 2017.
*
Hedged
CDI
45.7%
IPCA
21.3%
TJLP
21.9%
USD
11.1%
CDI
81.2%
IPCA
3.5%
TJLP
13.4%
USD
1.9%
CDI
70.2%
IPCA
6.1%
TJLP
21.9%
USD
1.8%

13. Debt Structure and Amortization
Amortization 2017 - 2018 Amortization Schedule/ Not hedged (R$ MM
12
1,759
2,713
1,767
264 360
411
89
83
125
2,576
1,102
360
163
20
96
400 735
1,150
539
302
2017 2018 2019 2020 From
2021
CDI TJLP USD Others
3,333
3,163
3,909
3,672
948
Amortization (R$ MM) 2017 2018
Rodoanel 951 275
CCR S.A 691 832
AutoBAn 459 1,576
BH Airport 372 0
NovaDutra 359 155
Barcas 207 0
ViaOeste 204 0
SPVias 169 249
CCR Espanha 97 0
CCR USA 80 10
Metrô Bahia 68 498
ViaLagos 7 65
Outras 10 250
TOTAL 3,672 3,909
Total 3,672,467 3,908,741

14. 14
1Q17 Fundraising
Concessionaire Date Amount (R$ MM) Debt Average Cost Maturity
BH Airport Jan-17 50.0 BNDES TJLP + 2.40% Jul-17
ViaQuatro Feb-17 85.0 Debentures CDI + 1.50% p.a. May-17
BH Airport Feb-17 25.0 BNDES TJLP + 2.40% Jul-17
VLT Feb-17 15.0 BNDES TJLP + 3.44% Nov-35
MSVia Mar-17 74.9 BNDES TJLP + 2.00% Mar-39
MSVia Mar-17 9.5 BNDS Pass-Through TJLP + 2.00% Mar-39
MSVia Mar-17 22.9 FINISA / BNDES TJLP + 2.00% Mar-39
ViaRio Mar-17 25.0 Credit Facility CDI + 0.95% p.a. Mar-18
Samm Mar-17 55.0 Comercial Paper 112.50% of CDI Mar-18
Total 362.3
Concessionaire Date Amount (R$ MM) Debt Average Cost Maturity
CCR USA Feb-17 3,0 USD Credit Facility Libor 3M + 2.05% p.a. Feb-18
TAS Feb-17 5,0 USD Credit Facility Libor 3M + 2.05% p.a. Feb-18
Total 8,0 USD

15. 7,620 7,859 8,081
9,562 9,826
10,413 10,734
12,423
12,971
13,945
13,261
14,443
10,759
13,356
9,665
1.9 2.0 2.0 2.3 2.4 2.5 2.5
3.0 3.0 3.1
2.2 2.4
1.8
2.5
1.8
-4.5
-3.5
-2.5
-1.5
-0.5
0.5
1.5
2.5
3.5
5,000
7,000
9,000
11,000
13,000
15,000
17,000
19,000
1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 4Q16 1Q17
Net Debt (R$ MM) Net Debt/EBITDA (x)
15
R$ MM
Proforma Data IFRS 10 and 11
Debt
Net Debt / EBITDA LTM R$ MM
*LTM 1Q17 adjusted EBITDA includes the sale of the stake in STP. Excluding this R$1,307.7 million effect on EBITDA, the Net Debt/EBITDA ratio came to 2.4x (2.3x in
proforma figures) in March 2017.

16. 16
1- The investments made by the Company, which will be reimbursed by the granting authority as monetary consideration
or contribution, compose the financial assets.
2- Includes CCR, MTH, CPC and eliminations
3- Booking of site in the municipalities of Cajamar and Caieiras
Investments and Maintenance
1Q17
NovaDutra 20.6 2.8 23.4 3.8 0.0
ViaLagos 1.0 0.1 1.1 0.0 0.0
RodoNorte (100%) 59.0 1.3 60.3 3.4 0.0
AutoBAn 27.9 3.9 31.8 17.5 0.0
ViaOeste 22.9 1.9 24.8 15.7 0.0
RodoAnel Oeste (100%) 10.7 0.6 11.3 0.0 0.0
Samm 0.0 0.9 0.9 0.0 0.0
SPVias 6.5 1.7 8.2 0.6 0.0
CAP 5.3 0.0 5.3 0.0 0.0
Barcas 0.0 0.0 0.0 0.0 0.0
Metrô Bahia 297.9 1.8 299.7 0.0 218.3
BH Airport 51.9 7.3 59.2 0.0 0.0
MSVia 108.7 1.5 110.2 0.0 0.0
TAS 0.1 2.9 3.0 0.0 0.0
Renovias (40%) 0.1 0.8 0.9 0.0 0.0
ViaQuatro (60%) 60.0 0.5 60.5 0.0 0.0
ViaRio (33.33%) 1.0 0.1 1.1 0.0 0.0
VLT (24.93%) (2.2) 0.0 (2.2) 0.0 6.1
Quito - Quiport (50%) 4.7 0.0 4.7 0.0 0.0
San José - Aeris (48.75%) 9.8 0.1 9.9 0.0 0.0
Outras2
2.3 2.9 5.2 0.0 0.0
Consolided 688.2 62.1 750.3 41.0 224.4
SPCP3
0.0 31.0 31.0 0.0 0.0
Intangible Assets
Performad
Maintenance
Performa
Financial Asset1
R$ MM Improvements
Equipments and
Others
Total Maintenance Cost