CCR S.A.: Results for the 4th Quarter and the Year of 2013

          CCR S.A.: Results for the 4th Quarter and the Year of 2013

PR Newswire

SAO PAULO, March 12, 2014

SAO PAULO, March 12, 2014 /PRNewswire/ -- CCR S.A. (CCR), Brazil's largest
road concession operator in terms of revenue, announces its results for the
fourth quarter (4Q13) and the year of 2013.

Highlights

  oConsolidated traffic grew by 8.4% in 4Q13 and 6.0% in 2013.
  oThe number of STP (electronic payment) users increased by 14.1% over
    December 2012, reaching 4,303,000 active tags.
  oSame-basis² adjusted EBITDA increased by 10.3% in 4Q13 and 12.8% in 2013,
    with margins of 65.3% and 65.7%, respectively.
  oThe Company received the net amount of R$95.0 million from the sale of
    interest in STP, corresponding to approximately 4.012% of its capital
    stock.

Financial Indicators (R$  4Q12    4Q13    Chg %     2012    2013    Chg %
MM)
Net Revenues^1            1,250.3 1,376.4 10.1%     4,659.0 5,206.5 11.8%
Adjusted Net Revenues on  1,250.3 1,355.5 8.4%      4,659.0 5,154.4 10.6%
the same basis^2
EBIT                      624.3   754.6   20.9%     2,318.5 2,672.2 15.3%
Adjusted EBIT Mg.^3       49.9%   54.8%   +4.9 p.p. 49.8%   51.3%   +1.5 p.p.
EBIT on the same basis^2  624.3   762.2   22.1%     2,318.5 2,677.4 15.5%
EBIT Mg. on the same      49.9%   56.2%   +6.3 p.p. 49.8%   51.9%   +2.1 p.p.
basis^2
Adjusted EBITDA^4         802.9   977.1   21.7%     3,002.1 3,486.1 16.1%
Adjusted EBITDA Mg.^3     64.2%   71.0%   +6.8 p.p. 64.4%   67.0%   +2.6 p.p.
Adjusted EBITDA on the    802.9   885.7   10.3%     3,002.1 3,386.4 12.8%
same basis^2
Adjusted EBITDA Mg. on    64.2%   65.3%   +1.1 p.p. 64.4%   65.7%   +1.3 p.p.
the same basis^2
Net Income                347.5   306.4   -11.8%    1,177.3 1,351.0 14.8%
Net Debt / Adjusted       2.2     2.0     -         2.2     2.0     -
EBITDA LTM (x)
Adjusted EBITDA /         2.8     2.7     -         3.9     3.5     -
Performed investments (x)
Adjusted EBITDA /
Interest and Monetary     6.2     5.2     -         5.0     5.8     -
Variation (x)



^1 Net operating revenue excludes construction revenue.

^2 Adjustment excluding Metro Bahia, Curacao and the non-recurring effect from
the sale of the interest in STP.

^3 The Adjusted EBIT and EBITDA margins were calculated by dividing EBIT and
EBITDA 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.

Upcoming Events

Conference Calls


In Portuguese:                             In English:
Thursday, March 13, 2014                   Thursday, March 13, 2014
11:00 a.m. Sao Paulo / 10:00 a.m. New York 12:00 p.m. Sao Paulo / 11:00 a.m.
                                           New York
Telephones: (+55 11) 4688-6361             Brazil: (+55 11) 4688-6361
Code: CCR                                  Other Countries: (+1) 786-924-6977
Replay: (+55 11) 4688-6312                 US: (+1) 888-700-0802
Code: 8988691#                             Code: CCR
                                           Replay: (+55 11) 4688-6312
                                           Code: 4295166#


Webcast: www.ccr.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.

Website: http://www.ccr.com.br/investidores
 
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