- 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.

1. Earnings Results 3Q15
October, 2015

2. 2
Disclaimer
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. 3
Agenda
Highlights
Results Analysis
Perspectives

4. TRAFFIC:
Proforma consolidated traffic1,excluding Ponte and MSVia, fell by 1.8% in 3Q15.
TOLLS COLLECTED BY ELECTRONIC MEANS:
The number of STP users increased by 10.4% over September 2014, reaching
5,098,000 active tags.
ADJUSTED EBITDA:
Same-basis2 adjusted proforma EBITDA increased by 8.8%, with an margin of 67.8%
(+0.5 p.p.).
NET INCOME:
Same-basis2 net income totaled R$352.0 million, a 0.7% reduction in 3Q15.
DIVIDENDS:
CCR’s Board of Directors’ meeting held on October 2 approved the payment of interim
dividends of R$0.49 per common share, to be paid as of October 30.
4
3Q15 Highlights
1 Including the proportional traffic of Renovias.
2 “Same-basis” amounts exclude: (i) BH Airport; (ii) new businesses, which were not operating in 3Q15: Metrô Bahia,, MSVia, VLT e ViaRio; (iii) Ponte, whose
agreement ended on May 31, 2015; (iv) non-recurrents of reversals of labor provisions in Barcas in 3Q14 and tax provisions in AutoBAn in 3Q15; and Controlar

5. 1- Net revenue excludes construction revenue.
2- “Same-basis” amounts exclude: (i) BH Airport; (ii) new businesses, which were not operating in 3Q15: Metrô Bahia and MSVia; (iii) Ponte, whose agreement ended on
May 31, 2015; (iv) non-recurrents of reversals of labor provisions in Barcas in 3Q14 and tax provisions in AutoBAn in 3Q15; and (v) in profit and pro-forma comparisons, it
excludes Controlar, ViaRio and VLT.
3- Calculated by adding net revenue, construction revenue, costs 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.
5
Financial Highlights – 3Q15
Net Revenues1 1,458.7 1,555.0 6.6% 1,663.9 1,806.4 8.6%
Adjusted Net Revenues on the same basis2 1,394.9 1,477.0 5.9% 1,599.1 1,727.7 8.0%
Adjusted EBIT3 700.6 697.4 -0.5% 796.2 807.8 1.5%
Adjusted EBIT Mg.4
48.0% 44.8% -3.2 p.p. 47.9% 44.7% -3.2 p.p.
EBIT on the same basis2 722.4 740.6 2.5% 820.5 853.2 4.0%
EBIT Mg. on the same basis2
51.8% 50.1% -1.7 p.p. 51.3% 49.4% -1.9 p.p.
Adjusted EBITDA5 951.0 968.1 1.8% 1,077.4 1,117.8 3.7%
Adjusted EBITDA Mg.4 65.2% 62.3% -2.9 p.p. 64.8% 61.9% -2.9 p.p.
Adjusted EBITDA on the same basis2 947.7 1,019.3 7.6% 1,076.5 1,171.2 8.8%
Adjusted EBITDA Mg. on the same basis2
67.9% 69.0% +1.1 p.p. 67.3% 67.8% +0.5 p.p.
Net Income 346.1 247.0 -28.6% 346.1 247.0 -28.6%
Net Income on the same basis2 354.5 352.0 -0.7% 354.5 352.0 -0.7%
Proforma
Financial Indicators (R$ MM) 3Q14 3Q15 Chg %
IFRS
3Q14 3Q15 Chg %

6. AutoBAn NovaDutra Rodonorte Via Lagos ViaOeste Renovias Rodoanel SPVias
-1.3
-8.6
-3.2
2.4
0.2
-0.9 -1.5
3.11.9 3.2
1.5
9.3
5.3
3.4
10.8
7.8
Traffic Toll Revenues
3Q10 3Q11 3Q12 3Q13 3Q14 3Q15
254,023
224,970
248,936 256,560
275,606 271,966
6
Traffic – Quarter Change (Proforma*)
Consolidated – Equivalent Vehicle
Revenue and traffic 3Q15 X 3Q14 (%)
* Information including Renovias which is contemplated in the proforma method.
Excluding Ponte
and MSVia
251,703 (-1.8%)

7. 3Q12 3Q13 3Q14 3Q15
68% 70% 71% 70%
32% 30% 29% 30%
Electronic Cash
3Q12 3Q13 3Q14 3Q15
87% 83% 83% 78%
13% 17% 17% 22%
Toll Others
AutoBAn
26.6%
NovaDutra
15.6%
ViaOeste
13.0%
RodoNorte
8.3%
Airports
9.2%
SPVias
7.9%
STP
3.9%
RodoAnel
3.3%
ViaQuatro
3.1%
Barcas
2.2%
Renovias
2.2%
ViaLagos
1.3%
MSvia
0.7%
Others
2.7%
7
Revenue Analysis (Proforma*)
Payment Means
Gross Operating Revenues Gross Revenue Breakdown
* Including the proportional results of jointly-owned subsidiaries.

8. 3Q14 Depreciation
and
Amortization
Third-party
Services
Granting
Power and
Advanced
Expenses
Personnel
Costs
Construction
Costs
Maintenance
Provision
Other
Costs
3Q15 New
Projects
and Ponte
AutoBAn
Non-recurrent
3Q15
Same
Basis
1,234
1,498
855
26 19 6 20
161 (6) 39 (628)
(14)
8
IFRS Costs Evolution (3Q15 X 3Q14)
Total Costs (R$ MM)
Construction of Service
Roads, Duplication,
New Projects and
Ponte
New Projects,
Direct Costs
and Ponte
New Projects,
Wage Increase
and Ponte
Performed
Work and
New Projects
Same-basis
Cash Cost:
+2.0%
Reduction in the
Provision on
RodoNorte
New Projects, Ponte
and Tax Provision on
AutoBAn
(Non-recurrent)
10% 12%
34% 21%
15%
(12)% 48%
7%

9. 3Q14
Proforma
EBITDA
3Q15
Proforma
EBITDA
New
Projects
and Ponte
AutoBAn
Non-recurrent
3Q15
Proforma
EBITDA
Same
Basis
1,077
1,118
14 1,17139
9
Proforma EBITDA*
64.8%
of Mg.
61.9%
of Mg.
67.8%
of Mg.
* Adjustment excluding: (i) BH Airport; (ii) new businesses, which were not operating in 3Q15: Metrô Bahia and MSVia; (iii) Ponte, whose agreement ended on May
31, 2015; (iv) non-recurrents of reversals of labor provisions in Barcas in 3Q14 and tax provisions in AutoBAn in 3Q15; and (v) Controlar, ViaRio and VLT
*
R$ MM
3Q14
Ex New Projects
R$ MM 1,076

10. 10
IFRS Financial Results
• Chg. of average CDI 3Q15 X 3Q14 = +3.2 p.p.
• Gross Debt = R$ 12.9 B (+40.4%)
R$ MM
Change on
the Proforma
Same-basis:
46%
67%
3Q14 Net
Financial Result
Income from
Hedge Operation
Monetaryvariation
on loans, financing
and debentures
MonetaryVariation
on Liabilities related
to the Granting
Power
ExchangeRate
Variation on Loans,
Financing and
Debentures
Present Value
Adjustment of
Maintenance
Provision and
Liabilitiesrelated to
the Granting Power
Interest on Loans,
Financing and
Debentures
Investment Income
and OtherIncome
Fair Value of
Hedge Operation
Others 3Q15 Net
Financial Result
(219.1)
(3.1) (365.8)
172.0
(24.8)
(32.6)
(301.6) (5.9)
(76.6) 22.5
103.4

11. 3Q14
Net
Income
3Q15
Net
Income
New
Projects
and Ponte
AutoBAn
Non-recurrent
3Q15
Net Income
Same
Basis
346
247
95 10 352
11
Net Income
R$ MM
Ex New
Projects
R$ MM 355
* Adjustment excluding: (i) BH Airport; (ii) new businesses, which were not operating in 3Q15: Metrô Bahia and MSVia; (iii) Ponte, whose agreement ended on May
31, 2015; (iv) non-recurrents of reversals of labor provisions in Barcas in 3Q14 and tax provisions in AutoBAn in 3Q15; and (v) Controlar, ViaRio and VLT.
*

12. CDI
86.9%
TJLP
8.8%
IPCA
3.7%
USD
0.6%
CDI
59.7%IPCA
20.0%
USD
11.5%
TJLP
8.8%
Gross hedged debt by indexer
12
Debt in September 30, 2015
Gross debt by indexer
Amortization Schedule (R$ MM)
• Total Gross Debt: R$ 13.1 B
(R$14.5 B pro-forma)
• Net Debt / EBITDA: 2.7x
2015 2016 2017 2018 From
2019
1,020
4,392
2,112
236
39
377
852
275
CDI USD Others
1,528
1,207
3,313
5,902
1,127
Hedged
Not hedged

13. 6,600
7,609 7,620 7,859 8,081
9,562 9,826
10,413 10,734
9,615 9,820
1.8
2.0 1.9 2.0 2.0
2.3 2.4 2.5 2.5 2.6 2.7
-2.5
-1.5
-0.5
0.5
1.5
2.5
3.5
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 2Q15 3Q15
Net Debt (R$ MM) Net Debt/EBITDA (x)
13
Debt
Net Debt / EBITDA LTM
IFRS10 and 11Pro-forma Data
R$ MM
The leverage ratio reflects the need to invest in new business, …
... but not yet include the potential cash generation of those.

14. 14
Realized Investments and Maintenance
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- For 100% of the project, the total investment was R$401.2 million, of which R$85.8 million is related to the portion of the Concessionaire and R$315.4 million
to the Granting Authority.
3- Includes CCR, MTH, CPC, SPCP and eliminations.
3Q15 3Q15 3Q15 3Q15
AutoBAn 13.9 5.7 19.7 12.3 0.0
NovaDutra 35.3 5.6 40.9 9.8 0.0
ViaOeste 21.3 3.3 24.6 0.7 0.0
RodoNorte (100%) 35.5 1.2 36.7 8.8 0.0
Ponte 0.0 0.0 0.0 0.0 0.0
ViaLagos 4.6 1.4 6.0 1.6 0.0
SPVias 8.2 2.4 10.6 8.5 0.0
ViaQuatro (58%) 11.8 0.9 12.7 0.0 4.5
Renovias (40%) 5.7 0.5 6.2 5.5 0.0
RodoAnel (100%) 1.9 0.7 2.6 0.1 0.0
SAMM 2.3 6.2 8.5 0.0 0.0
ViaRio2
(33.33%) 28.6 0.0 28.6 0.0 0.0
Quito 11.7 0.4 12.1 0.0 0.0
San José 12.2 0.1 12.3 0.0 0.0
Curaçao 10.9 0.0 10.9 0.0 0.0
Barcas 0.9 0.3 1.2 0.0 0.0
VLT (24.88%) 24.7 -2.3 22.4 0.0 24.3
Metrô Bahia 103.6 5.6 109.2 0.0 241.7
BH Airport 30.3 15.2 45.4 0.0 0.0
MSVia 184.4 23.4 207.8 0.0 0.0
STP (34.24%) 3.2 21.4 24.7 0.0 0.0
Other3
-0.3 5.9 5.6 0.0 0.0
Consolidated 550.7 98.0 648.7 47.3 270.5
3Q15
Proforma Financial
Asset1
R$ MM
Intangible Assets
Performed
maintenance
Improvements
Equipments and
Others
Total Maintenance Cost