CCR S.A.: Results for the 3rd Quarter 2012

CCR S.A.: Results for the 3rd Quarter 2012 
SAO PAULO, BRASIL -- (Marketwire) -- 11/12/12 --  CCR S.A. (CCR)
(BOVESPA: CCRO3), Brazil's largest road concession operator in
revenue terms, hereby presents its results for the third quarter of
2012. 
Highlights 


 
--  Net Revenue totaled R$ 1,391.5 million in 3Q12 (+13.3%) and R$ 3,784.8
    million (+12.9%) for 9M12.
    
    
--  EBIT was R$ 647.0 million (-0.8%) in 3Q12 and for 9M12 reached R$
    1,817.8 million (+12.4%). The EBIT margin was 46.5% (-6.6 p.p.) in
    3Q12, and 48.0% (-0.2 p.p.) in 9M12.
    
    
--  EBITDA was R$ 860.1 million (+4.5%) in 3Q12 and R$ 2,390.0 million
    (+11.4%); the EBITDA margin was 61.8% (-5,2 p.p.) in 3Q12 and 63.1%
    (-0.9 p.p.) in 9M12.
    
    
--  Consolidated traffic increased by 3.1% in 3Q12 and 2.8% in 9M12.
    
    
--  Net income was R$ 316.8 million (+18.9%) in 3Q12 and R$ 829.7 million
    (+37.2%) in 9M12, helped by increased cash generation and lower
    financial expenses.
    
    
--  The number of STP (electronic toll system) users increased by 18.2%
    when compared to September 2011, reaching 3,604,000 active tags.
    
    
--  Company's management approved the distribution of intermediate
    dividends of R$ 0.54 per share, for a total of R$ 953.4 million, whose
    payout began October 31, 2012.
    
    
--  The Company's results incorporate Barcas S.A. as of July 2, 2012 and
    the International Airport of San Jose (approximately 48.75%),
    starting September 10, 2012.

  
Subsequent Events 
On October 31, 2012, it was initiated payment of intermediate
dividends, approved at the meeting of the Board of Directors held
September 28, 2012. The amount totals R$ 953,417,088.00,
corresponding to R$ 0.54 (fifty-four centavos of the real) per share.
These intermediate dividends are based on the share base as of
September 28, 2012, and the Company's stock was traded ex-dividends
as of October 1, 2012.  
In October 2012, AutoBan concluded its 4th issue of debentures, in
two series, in the amount of R$ 1.1 billion, making it possible to
stretch out its short-term debt. 
Of this amount, R$ 135 million was issued in the form of
Infrastructure Incentive Debentures, based on Law 12.431, the first
issue of this type, wid
ely distributed. This series has final
maturity in October 2017 and will pay semiannual remuneration of the
IPCA+2.71% p.a.  
The other series, in the amount of R$ 965 million, has quarterly
amortizations as of the 38th month, with final maturity in September
2017 and will pay quarterly remuneration of 109% of the CDI p.a. 
Also on October 22, 2012, CCR concluded the acquisition of ownership
interests in the International Airport of Curacao through the
investment of US$ 24,500,000.00. 
Comments from the CEO 
Renato Alves Vale: "It is with great satisfaction that we are
reporting the results obtained by CCR in 3Q12 to our shareholders,
the market, employees, users and our various interested audience. 
"In line with the trend of industrial production that began in July,
rising 1.5% for the period comprising July to August 2012, our
traffic registered 3% increase compared to 3Q11, demonstrating strong
recovery that, associated with the continuous decline in interest
rates contributed to improving our financial results and,
consequently, to the 18.9% growth in our net income, reaching R$
316.8 million during this quarter. 
"Supported by the strong performance and our solid financial
position, we are continuing to follow our commitment to distribute
dividends to shareholders and we were able to initiate a payout of R$
0.54 per share on October 31, 2012 so that, added to the dividends
paid in April this year, CCR reached more than R$ 1 billion
distributed to shareholders in 2012.  
"It is important to highlight that 3Q12 was notable for the
conclusion of the acquisition process initiated in April 2012 of two
new businesses: the Airport of San Jose, in Costa Rica, and the
airport of Curacao, in the Dutch Antilles, in continuity with our
qualified growth strategy, always based on capital discipline. 
"We continue to be encouraged by the excellent prospects for the
future, due to the promising economic scenario in Brazil and the
expectation of various opportunities for growth, especially due to
the World Cup soccer championships (2014) and the Olympic Games
(2016) in Rio de Janeiro, always prioritizing value generation to our
shareholders and contributing to the promotion of sustainable
development through the improvement in infrastructure." 
Forthcoming Events 
Conference Calls
 In Portuguese:
 Tuesday, November 13, 2012
 10:30
a.m. Sao Paulo / 7:30 a.m. New York
 Telephone: (11) 4706-0951
 Code:
CCR
 Replay: (11) 4688-6312
 Code: 8777551# 
Webcast: www.grupoccr.com.br/investidores 
In English:
 Tuesday, November 13, 2012
 11:30 a.m. Sao Paulo / 8:30
a.m. New York
 Brazil: (11) 4706-0951 Code: CCR
 Other Countries:
(+1) 786-924-6977
 US: (+1) 855 281-6021
 Replay: (11) 4688-6312 
Code: 3118231#
 Webcast: www.grupoccr.com.br/investidores 
IR Contacts
Marcus Macedo
(55 11) 3048-5941 
Flavia Godoy
(55 11) 3048-5955 
Daniel Kuratomi
(55 11) 3048-6353 
Leandro Mathias
(55 11) 3048-2108 
 
 
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