CCR Results for the 3rd Quarter of 2013

                   CCR Results for the 3rd Quarter of 2013

PR Newswire

SAO PAULO, Oct. 28, 2013

SAO PAULO, Oct. 28, 2013 /PRNewswire/ -- CCR S.A. (CCR), Brazil's largest toll
road concession operator in terms of revenue, announces its results for the
third quarter of 2013 (3Q13).

Highlights

  oConsolidated traffic grew by 7.4% in 3Q13 and 5.2% in 9M13.
  oThe number of STP (electronic payment) users increased by 13.9% over
    September 2012, reaching 4,106,000 active tags.
  oAdjusted EBITDA on the same basis² increased by 18.1%, with a margin of
    68.1%, in 3Q13 and by 13.7%, with a margin of 65.8%, in 9M13.



^

Financial Indicators (R$   3Q12    3Q13    Chg %     9M12    9M13    Chg %
MM)
Net Revenues^1             1,241.9 1,377.1 10.9%     3,408.7 3,830.1 12.4%
Adjusted Net Revenues on   1,241.9 1,353.2 9.0%      3,408.7 3,798.9 11.4%
the same basis^2
EBIT                       594.0   723.0   21.7%     1,694.2 1,917.6 13.2%
Adjusted EBIT Mg.^3        47.8%   52.5%   +4.7 p.p. 49.7%   50.1%   +0.4 p.p.
EBIT on the same basis^2   594.0   720.2   21.2%     1,694.2 1,915.1 13.0%
EBIT Mg. on the same       47.8%   53.2%   +5.4 p.p. 49.7%   50.4%   +0.7 p.p.
basis^2
Adjusted EBITDA^4          780.5   928.5   19.0%     2,199.0 2,509.0 14.1%
Adjusted EBITDA Mg.        62.8%   67.4%   +4.6 p.p. 64.5%   65.5%   +1.0 p.p.
Adjusted EBITDA on the     780.5   922.0   18.1%     2,199.0 2,500.7 13.7%
same basis^2
Adjusted EBITDA Mg. on the 62.8%   68.1%   +5.3 p.p. 64.5%   65.8%   +1.3 p.p.
same basis^2
Net Income                 316.8   403.5   27.4%     829.7   1,044.6 25.9%
Net Debt / EBITDA LTM (x)  2.1     1.9     -         2.1     1.9     -
Adjusted EBITDA /          5.0     2.8     -         5.8     3.9     -
Performed investments (x)
Adjusted EBITDA / Interest 5.0     5.6     -         4.4     5.6     -
and Monetary Variation (x)



^1 Net operating revenues excludes construction revenue.
^2 Adjusted EBITDA excludes Curacao International Airport.
^3 The Adjusted EBIT margin was calculated by dividing EBIT by net revenue,
excluding construction revenue, as required by IFRS, whose counter-entry of
the same amount impacts total costs.
^4 Calculation excludes non-cash expenses: depreciation and amortization, the
provision for maintenance and the recognition of prepaid concession expenses.

Subsequent Event

On October 3, 2013, CCR released a Notice to the Market on the financial
conclusion of the Share Purchase Agreement and Other Covenants and the
effective transfer of 10% of STP's capital stock to Sampras Participacoes
Ltda., an affiliated company of Raizen Combustiveis S.A.. CCR now holds
34.23723% of STP's capital stock.

On October 15, 2013, CCR entered into a Concession Agreement for the
execution, under the sponsored concession type of Public Private Partnership,
of construction works and systems, the supply of rolling stock and the
operation, maintenance and expansion of the Salvador and Lauro de Freitas
Metro System.

Message from the CEO

Renato Alves Vale: "The third quarter of 2013 reinforced our optimism
regarding CCR's future. Firstly, supported by the Brazilian economy, we
recorded Adjusted EBITDA and Net Income growth of 19.0% and 27.4%,
respectively.

Secondly, we secured the Salvador and Lauro de Freitas Subway project, under
the sponsored concession system, involving the implementation of construction
works and systems, the supply of rolling stock, and the operation, maintenance
and expansion of the system itself. As a result, CCR has expanded its
operations to the country's Northeast region, promoting sustainable
development through improved transport infrastructure.

And finally, due to our strong results, we maintained our commitment to pay
dividends to shareholders with the early distribution of 2013 results.
Shareholders will be paid R$0.68 per share as of October 31, 2013.".

Upcoming Events

Conference Calls
In Portuguese:                           In English:
Tuesday, October 29, 2013                Tuesday, October 29, 2013
11:00 a.m. Sao Paulo / 9:00 a.m. New     12:00 p.m. Sao Paulo / 10:00 a.m. New
York                                     York
Telephone: (+55 11) 4688-6361 / (+55 11) Brazil: (+55 11) 4688-6361 Code: CCR
2104-8901
Code: CCR                                Other Countries: (+1) 786-924-6977
Replay: (+55 11) 4688-6312               US: (+1) 855-281-6021
Code: 2426142#                           Replay: (+55 11) 4688-6312
                                         Code: 0681386#
Webcast:                                 Webcast:
www.grupoccr.com.br/investidores         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

SOURCE CCR S.A.
 
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