3. Meeting Schedule
SUBJECT LECTURER THEME TIME
egistration and breakfast 8 am - 8:30 am
Opening and Introduction Márcio Batista Welcome 8:30 am - 8:40 am
Retrospective Arthur Piotto 2010
8:40 am - 9:30 amMacro-economical Scenario
Jurandir Fernandes Transportation SP 9:30 am - 10:30 am
Coffee Break 10:40 am - 11 am
Growth of Current Portfolio 11:15 am - 11:35 am
nfrastructure Scenario
Economy
10:30 am - 10:40 am
Growth of Current Portfolio 11:35 am - 11:50 am
inancial Strategy Arthur Piotto Financial 12:30 pm - 12:50 pm
Questions and Answers 1 pm - 1:20 pm
Closing Lunch 1:20 pm - 3 pm
Growth - New Businesses Leonardo Vianna 11:50 am - 12:30 pm
Gustavo Loyola
inal Consideration Márcio Batista Closing
Current PortfolioJosé Braz
Opportunities
Italo Roppa
12:50 pm - 1 pm
Current Portfolio
9. add value in several ways:
But we can
1 Developing the
Current
Portfolio
• Traffic Growth
• Increase of Operational Efficiency
• Additional Investments in the Portfolio
• Optimization of the Capital Structure (Re-leverage)
2 Developing New
Businesses
• Road Secondary and Primary Markets
• Subways and Light Rails
• Urban Mobility
• Logistics
12. 1 Traffic Growth
• Low Density of Vehicles per Inhabitant in Brazil
• Expectation of Strong Economic Growth
• Perspective of Credit Growth
2 Addendum to
Agreements
• Investments for the Improvement of Vehicles Flow
• Increase of the Managed Road Network
• Expansion of the Road Capacity
still shows a great unexplored potential:
The current portfolio
14. Traffic
Penetration of Vehicles – Motorization vs. per capita GDP
China
Mexico
Brazil
Chile
Poland
Czech Republic
Spain
Japan
Belgium
Netherlands
France
Italy
USA
Nominal Per Capita GDP (US$)
Motorizationper1,000
inhabitants
• The strong credit expansion allowed
a great acceleration in the sales of
vehicles;
• However, the vehicle/inhabitant ratio
in Brazil is still in quite low levels
Sales of Vehicles - Brazil (Million)
CAGR – 3%
CAGR – 11%
CAGR – 4%
CAGR – 7%
CAGR 05-10: 18.7%
Vehicles Fleet - Brazil (Million)
CAGR 05-10: 6.5%
*Source: Roland Berger/Anfavea/CCR
15. Traffic 2010Highlights
2RodoAnel • The traffic in the concessionaire grows firmly
1Consolidated
Traffic
• 3Q10 x 3Q09 The strong economic recovery has compensated the low
growth year in 2009.
• Oct/10 registered the greatest traffic in history.
• Preliminary data from Nov/10 suggest new records.
ConsolidatedTrafficGrowth2010
(EquivalentVehicles–YoY)
Historic
elasticity:
1.5x GDP
10M0910M09 10M1010M10
Strong recovery of commercial traffic. Firm growth of light vehicles traffic.
16. Traffic 2010 - RodoAnel
The global crisis had an
impact on the traffic
foreseen in the proposal
Quite evident ramp up effect
Positive expectation about
the impact of the southern
stretch after improvements,
the construction of the
eastern stretch and the
restrictions for the traffic of
vehicles in the streets of
the city.
RodoAnel 2010 – (YoY)RodoAnel – Monthly VEQ
5.5
6.5
7.5
8.5
9.5
10.5
11.5
VEQ in Million Linear (VEQ in Million)
J F M A M J J A S O N D J F M A M J J A S O
20092009 20102010
10.7%
7.7%
8.9%
27.0%
25.3%
19.1% 19.6%
23.9% 24.1%
17.7%
J F M A M J J A S
O
18. Anhanguera II
Project
(connection to
CEAGESP)
Improvements in
the SP-324
Highway
Improvements on
the Initial Stretch
of Raposo Tavares
Highway
Direct Connection
of Castello Branco
Highway to
CEAGESP
Potential of the Current Portfolio
New Investment Opportunities…
Identified Needs: R$ 2,200M
AutoBAn
R$ 360 M
AutoBAn
R$ 179 M
ViaOeste
R$ 1,600 M
ViaOeste
R$ 67 M
...trying to improve the flow and the quality of the
roads, developing the area.
23. Detail of the Arrival of Raposo Tavares in the
City of São Paulo Today
Investments
ViaOeste
Castello Branco Highway
Raposo Tavares Highway
24. Detalhe da
chegada da
Raposo Tavares
na cidade de São
Paulo hoje
Investments
ViaOeste
Improvements in the
initial stretch of Raposo
Tavares Highway –
between km 9.8 and km
34.0
26. Direct connection of
the Bridge to Linha
Vermelha (Red Line),
with an approximate
extent of 2.3 Km
Implementation of a
new track at Serra
das Araras,
complement of
riverside roads,
environment
Duplication of BR
277
Duplication of BR
376
Improvements of
safety Infrastructure
in the highway
Potential of the Current Portfolio
Several investment needs have been identified...
Identified Needs: R$ 2,805M
Ponte
R$ 205M
NovaDutra
R$1,500M
RodoNorte
R$1,000M
ViaLagos
R$100M
... trying to improve the flow and the quality of the
roads, developing the area.
27. Investments
Basic Project for the Connection of the Bridge to Linha Vermelha
Rio-Niterói Bridge
Linha
Vermelha
Bridge-Linha
Vermelha
Connection
R$ 205
million
33. Leader in electronic
collection
technology in tolls
and parking lots
Line 4 of the
São Paulo city
subway
Vehicle emissions
inspection in the city
of São Paulo
Urban Mobility
New Businesses
STP ViaQuatro Controlar
34. STP
Payment Services and Technology
Highlights Present in 6 States
Leader in electronic collection technology in
tollhs and parking lots
Present in 6 States: SP, RJ, MG, PR, SC e RS
Coverage of over 92% of all toll roads
Present in 67 parking lots (Malls, Airports, etc.)
Represents up to 70% of the traffic in some toll plazas
Over 45 million monthly electronic transactions
Transactional volume of over R$ 5 billion
Over 2.400.000 cars with the device installed
35. STP – Payment Services and Technology
Gross Revenue (R$ MM) Quantity of TAG`s installed
CAGR 38%
CAGR 36%
E E
36. STP – Payment Services and Technology
Improvement and Development of New Opportunities
Improve the company’s
business model, identifying
the one that increases the
profitability of its
shareholders
Identify and develop new
business opportunities;
increase the range of
activity of STP
1 2
Value Creation
Hiring of an Advisor to Assist with the New Business Plan
37. Controlar
27 centers currently in operation
9M10 – 2.200 thousand inspections carried
out;
Estimated revenue for 2010: R$ 190 million
Consolidated data in 2010:
2010 Highlights
Inspection increase Authorization from
the city hall for the electronic control through
radars that read car plates. Fines of up to
R$2.200 per month
Expectations for 2011
Gross Revenue (R$ MM) Quantity of Inspections Carried Out
CAGR 49%
CAGR 39%
E E
38. Improvement and
Development of New
Opportunities
Vehicle Inspection Centers
Inspection Centers
Inaugurated in 2010
• Casa Verde
• Morumbi I and II
• Parque do Carmo I
and II
• Tatuapé
39. ViaQuatro
Highlights
Paulista and Faria Lima Stations in
Operation as of May/10
May - November/10 – Approximately 12
thousand passengers/day
Phase I
Butantã, Pinheiros,
República and Luz Stations
770 thousand
passengers/day (full year)
Phase II
Higienópolis, Oscar Freire,
Fradique, Morumbi, Vila
Sônia Stations
230 thousand
passengers/day (full year)
40. ViaQuatro Project
Above expectations...
1st Stage 2nd Stage
Long Term
Financing
Supply
Contracting
Contract
Signature
Receiving of
1st and 2nd
Train
Nov/06
Aug/07
Nov/07
May/08
Oct/08
May/06
Nov/09
Dec/09
Operational
Tests
Bidding
O.S.
Project
O.S.
Manufacture
Boarding
1st
and 2nd
Train
Organizational Evolution and Contract Management
41. ViaQuatro Project
above expectations...
Revenue 400
Passengers/day 770
No
Trains 14
3rd Stage
Mai/10
Paulista and
Faria Lima
Stations
25/05
Commercial
Operation
21/06
Jun/10 Butantã and
Pinheiros
Next Steps
República
and Luz
End of
Phase I
Organizational Evolution and Contract Management
Full Year Phase I
42. Some Growth Options and their Respective Terms for
EBITDA Generation
CCR’s Strategic Planning
Short-Term
Opportunities of Road Concessions in Brazil
and Abroad:– Brownfield and Greenfield
Acquisitions of Road Concessions in Brazil
and Abroad
Additional investments to the Current Portfolio
Development of Projects Initiated during the last
years: ViaQuatro, RodoAnel, Controlar
1
2
3
4
Expansion of Businesses with potential
- STP
- Controlar
Primary Market of Subways, VLTs and
BRTs
Secondary Market of Subways, VLTs
and BRTs
Take Advantage of Attractive
Opportunities Abroad :
– Peru
– Colombia
– México
– Central America (Panamá, Costa
Rica and Porto Rico)
Mid-Term
5
6
7
EBITDAGeneration
Time
2011-2012 2013-2015
43. Concessions in São
Paulo
3rd round of concessions to be auctioned in the
State of São Paulo
Urban Transport Multiple projects in the Country, including subways/
trains in the cities of Curitiba, Brasília and Porto
Alegre
Correlated
Businesses
Parking lots, vehicle inspection, logistics, etc
Concessions in
Minas Gerais Concessions to undergo bidding in the State of Minas
Gerais
Federal Concessions
Program 3rd and 4th rounds expected for 2011/2012
Consolidation
(Secondary Market)
Rodoanel
We did not participate in the Auction for the South and
East Section
Opportunities of acquisition of selected road concessions
of investment
Multiple Opportunities
44. Concessions in
São Paulo
3rd round of concessions to be auctioned in the
State of São Paulo
Urban Transport Multiple projects in the Country, including subways/
trains in the cities of Curitiba, Brasília and Porto
Alegre
Correlated
Businesses
Parking lots, vehicle inspection, logistics, etc
Concessions in
Minas Gerais Concessions to undergo bidding in the State of Minas
Gerais
Federal Concessions
Program 3rd and 4th rounds expected for 2011/2012
Consolidation
(Secondary Market)
Rodoanel
We did not participate in the Auction for the South and
East Section
Acquisition of SPVias
of investment
Multiple Opportunities
45. AutoBAn – 316,8 km
NovaDutra – 402 km
(in SP – 231,6 km)
ViaOeste – 168,6 km
RodoAnel – 32 km
Renovias* – 345,6
km
SPVias – 515km
* CCR has participation of 40% in the
Renovias Concessionaire (345,6 km)
São Paulo
Concessionaires
SPVias
SPVias
46. Acquisition of R$ 1,3bi of SPVias
241,8
272,8
300,2
2007 2008 2009
155,7
189,1
219,7
2007 2008 2009
72,3 73,9
97,3
2007 2008 2009
Net Revenue (R$ M) EBITDA (R$ M) Net Profit$ M)
The values presented above consider the margins and operational results in the standard adopted for analysis of these items in the CCR Group.
6th Largest Road
Concessionary in Brazil in
Revenues
Equivalent Vehicles (millions)
46,2
48,5
49,5
2007 2008 2009
Elasticity of the
Period: 1,42x GDP
São Paulo
47. Concessions in São
Paulo
3rd round of concessions to be auctioned in the
State of São Paulo
Urban Transport Multiple projects in the Country, including subways/
trains in the cities of Curitiba, Brasília and Porto
Alegre
Correlated
Businesses
Parking lots, vehicle inspection, logistics, etc
Concessions in Minas
Gerais Concessions to undergo bidding in the State of Minas
Gerais
Federal Concessions
Program 3rd and 4th rounds expected for 2011/2012
Consolidation
(Secondary MArket)
Rodoanel
Opportunities of acquisition of selected road concessions
of Investment
Multiple Opportunities
We did not participate in the Auction for the South and
East Section
48. Rodoanel South and East
Auction Result
Dutra
Ayrton Senna
Fernão Dias
Anhhangüera/
Bandeirantes
Castello Branco
Raposo Tavares
West Section
South
SectionEast Section
Concessions operated by CCR
North Section
Régis Bittencourt
Imigrantes
Anchieta
Participants* Discount IRR NPV
1º SPMar Consortium 63,4% N/A (2.898.841)
2º Serramar Road Consortium 12,0% 6,8% (188.914)
3º Rodoanel South and East Consortium 5,1% 7,4% 101.485
Scenery
considering
CCR premises
49. Road Concessions in
São Paulo 3rd round of concessions to be auctioned in the State
of São Paulo
Road Concessions in
Minas Gerais Concessions to undergo bidding in the State of Minas
Gerais
Federal Highways
Concessions 3rd and 4th rounds expected for 2011/2012
Projects World
Cup/Olympics VLT, Subways, Highways
Urban Transport Multiple projects in the Country, including subways/ trains
in the cities of Curitiba, Brasília and Porto Alegre
Consolidation
(Secondary Market)
Opportunities of acquisition of selected road concessions
of investment
Multiple Opportunities
50. New Phase of Investments in Infrastructure
2014 e 2016
Porto Alegre: 5.0
Curitiba: 4.5
Rio de
Janeiro: 11.0
Salvador:5.0
R$86 billionR$86 billion
2016 Olympics in Rio:
Preliminary estimates indicate an investment necessity close to US$
14,4 billion
Investments in infrastructure for the 2014 World Cup
Recife: 5.0
Fortaleza: 9.4
Natal:
3.5
BH: 1.5
DF (1)
: 3.5
Cuiaba 3.0
Manaus 1.5
Sao Paulo: 33.4
Significant investment necessities in urban
transport infrastructure…
…strengthened due to the 2014 World Cup
and 2016 Olympics
• Brasilia Subway: R$1 billion
• Porto Alegre Subway: R$ 2.5 billion
• Curitiba Subway: R$ 2 billion + R$ 200 million (urban
transport
• VLT in Fortaleza: R$ 565 million
• VLT in Natal: R$ 878 million
Urban Transport ProjectsUrban Transport Projects
• Parking lots, vehicle inspection in metropolitan
regions, other concession models
• Airport Express (Guarulhos)
• TAV – High Speed Train (Campinas – São
Paulo – Rio de Janeiro)
Source: Federal Government / State Government
(1) Federal District
Correlated BusinessesCorrelated Businesses
51. A - Corridor EPTG
B – Subway Line 1
C - Corridor Gama-Santa Maria
D – Light Rail Vehicle ( VLT )
Integrated Brasília Program
52. • The Blue Line will be 22 km long, where 3Km will
be an elevated track and the remaining 19km
underground
• Total estimated investment: R$ 2 billion
• Will connect the future CIS South Terminal to the
BR-116 and the Santa Cândida Terminal, located
in the North region of the city
• 22 Stations are foreseen, with an average distance
of 900 meters between each other
Curitiba Subway
53. • CCR won the bidding to execute the viability
studies and develop the project
• Revitalize the whole region and integrate the
harbor neighborhoods with the central region
• Connect the main transport axis of the central
area of the city, as well as tourist attractions
and/or of great current and projected circulation
for the region
• Connect on one side, the Central Business
Area to the Santos Dumont Airport and Gloria,
and on the other, the Gasômetro area, the TAV
Station (High Speed Trains) in Leopoldina and
the Estácio Subway Station
• Reduce the environmental impacts
Implementation of the VLT in the Harbor and Central Regions in Rio de Janeiro
Light Rail Vehicle (VLT) - RJ
54. • Construction and Implementation of
the subway line, including the
permanent track, that starts on the
Araribóia Station( Niterói ) and ends
on the Guaxindiba Station (São
Gonçalo)
• Approximate extension of 23km, of
which 18,8 km on elevated tracks and
4,2km on surface tracks, including the
elevated stations of Araribóia, Jansen
de Melo, Barreto, Neves, Vila Laje,
Paraíso, Parada 40, Zé Garoto,
Mauá, Antonina, Trindade, Alcântara
(12) and the surface stations of
Jardim Catarina and Guaxindiba (2),
the maneuvering Parks Barreto e
Guaxindiba (2) and all the civil works
on the referred Allotment
Araribóia Station ( Niterói ) – Guaxindiba Station (São Gonçalo)
Line 3 (Allotment 2) - RJ
55. Express Track connecting Barra da Tijuca to
Deodoro, Américas Avenue to Brasil Avenue
Transolympic Project (PPP) - RJ
Video
56.
57. Road Concessions in
São Paulo
3rd round of concessions to be auctioned in the State
of São Paulo
Road Concessions in
Minas Gerais Concessions to undergo bidding in the State of Minas
Gerais
Concessions of Federal
Highways 3rd and 4th rounds expected for 2011/2012
Consolidation
(Secondary MArket)
Opportunities of acquisition of selected road concessions
of investment
Multiple Opportunities
58. 3rd Stage of the State of São Paulo
Extension without
Vicinal
Lot 01 North Coast/Tamoios 538
Lot 02 South Coast 107,6
645,6
Lot 03 Piedade 369,49
Lot 04 Circuito das Águas 402,16
Lot 05 Jaú 875,06
Lot 06 Médio Tietê 665,06
Lot 07 Marília 325,52
Lot 08 Penápolis 447,46
Lot 09 Presidente Prudente 604,22
Lot 10 Euclides da Cunha Leste 489,85
Lot 11 Baixo Tietê 358,5
Lot 12 Barretos 602,55
Lot 13 Ribeirão Preto 455,75
Lot 14 Raposo Central 345,74
5.941,36
6.586,96
Allotments of the 3rd Stage São Paulo
SUBTOTAL
SUBTOTAL
TOTAL
Estimated investments
approximately
R$19 bi
Estimated investments
approximately
R$19 bi
Concession
Term:
25 years
Concession
Term:
25 years
59. State of Minas Gerais Program
Extension
(Km) (R$ M)
1 Divinópolis 406,7 553.7
2 Pouso Alegre 341,8 511.7
3 Curvelo 336,9 489.7
4 Uberaba 405,5 534.2
5 Itajubá 472,6 716.0
6 Montes Claros 392,9 620.0
7 Lago de Furnas 265,7 369.4
8 Uberlândia 322,7 614.9
9 Patos de Minas 273,9 383.2
10 Ouro Preto 275,0 527.1
11 São João del Rei 343,8 550.2
12 Formiga/Oliveira 232,0 356.2
13 Varginha 261,4 504.7
14 Caxambu 336,5 514.0
15 Poços de Caldas 321,2 459.6
16 Juiz de Fora 412,6 693.3
17 Araxá 365,3 519.5
5.766,5 8.918.2
Minas Gerais
Program
TOTAL
Concession
Term:
25 years
Concession
Term:
25 years
60. Concession Term: 25 years.Concession Term: 25 years.
BR- 040 (DF/GO/MG) - Juiz de
Fora - Brasília
Extension (km)
Total Investment
936,8
R$ 3,3 bi
BR- 116 (MG) - Além Paraíba -
Divisa MG / BA
Extension (km)
Total Investment
817,0
R$ 4,2 bi
BR- 101 (ES) / Mucuri (BA)
Extension (km)
Total Investment
475,9
R$ 2,5 bi
3rd Stage of the Federal Program
61. Considering just some of the expected
opportunities, the pipeline for the next
years is :
Urban Transport
Estimated investment projects of R$ 5 bi
Concessions in São Paulo
Estimated investment projects of R$ 20 bi
Concessions in
Minas Gerais Estimated investment projects of R$ 10 bi
Federal Concessions
Program Estimated investment projects of R$ 9,5 bi
Expected projects of
our interest which
shall demand over
R$50 bi during the
coming years.
Multiple Opportunities
of investment
63. Investment Capacity
Financial Strategy
Maximum Indebtedness
of 3.0x Net Debt /
EBITDA
Commitment of Paying a
Minimum of 50% of Net
Profit as Dividend
Growth of the Company
will be Financed Through
Leverage
64. Financial Strategy
...but still don’t fully consider the additional cash generation
The leverage indexes incorporate investments
in new assets
ViaQuatro, RodoAnel, Controlar, SPVias...
Gross Indebtedness (R$ bi) Net Indebtedness (R$ bi)
65. Financial Strategy
Exchange rate variation contributes to cost reduction of the debt on 3Q10
Opening of the debt through indexer 3Q10 Evolution of the Average Cost of the Debt in
R$
* In nominal R$
66. Amortization Schedule
Schedule 3Q10 for debt amortization (R$ M) Expected schedule of debt amortization (R$ M)
642
847
735
859
1031
284
202 195
29 23 43
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
andso
on
642
565
527 531
589 570
489
539
372
23
43
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
andso
on
• Amortization flow suitable to generate cash
• No payments focused on the next year
• Big part of the payments are from projects performed for easy refinancing
67. Investment Capacity
• Projects preformed with significant additional debt capacity.
• Structure target of 70% debt for new projects always seeking for Project Finance.
Current Situation
Additional Investment
capacity of R$1,7 bi
Level of Leverage per Concessionaire (Div. Liq./EBITDA)
0,30
0,50
0,76
0,84
0,91
1,12
1,30
1,90
0,00 0,50 1,00 1,50 2,00
Ponte
RodoNorte
Renovias
AutoBAn
NovaDutra
Controlar
ViaLagos
ViaOeste
68. Situation for New Projects
Investment capacity
for 2011 of ~ R$ 3,5 bi
Current Situation
Investment capacity
of R$1,7 bi
Quick deleverage in
2011 with the
maturation of early-
staged projects
(1) EBITDA considered for the calculation, the market consensus of R$2,350 M for 2010.
Investment Capacity
69. Dividends
We reiterate the commitment to pay at least
50% of the net profit in dividends.
Received Dividends
• Until Oct/10: R$ 495 million
• Predicted for 2010: R$ 775 million
Dividend Yield*
Payout (Cash)
* Considering cash dividend
E
E
Payout average history
over 70%
From 2004 the average
payout was 83%
72. Long-term
8
9
Expertise in management
services:
• Road services
(maintenance, signaling
and operation)
• Urban solutions (parking
lots)
Search for new businesses that
bring innovation and growth
• solutions for cargo
transportation, including
highway opportunities in
other Brazilian states
Some growth options and respective deadlines for generating
EBITDA
The CCR Strategic Planning
18 a 36 Meses
EBITDAGeneration
Time
2011-2012
Expansion of Business with great
potential:
- STP
- Controlar
Primary Market of Subways, VLTs
and BRTs
Secondary Market of Subways
VLTs and BRTs
Use Attractive Opportunities
Abroad
– Peru
– Colombia
– México
– Central America (Panamá,
Costa Rica and Porto Rico)
2013-2015
Medium
Term
5
6
7
Short Term
Road concession opportunities in Brazil and
abroad: – Brownfield and Greenfield
Acquisition of highway concessions in Brazil
and abroad
Additional Investments in the Current Portfolio
Development of Projects initiated the years before:
ViaQuatro, RodoAnel, Controlar
1
2
3
4
2015-2020
73. Highlights
Leadership Program Development
• Short Term Leadership Training
• Knowledge Management in Medium and Long Terms
• Sustainable Growth
PDL
With the goal to develop the leaders according to the skills
of CCR Group, through a process aligned with the basic
business definitions, challenges and strategic growth of
CCR Group, we developed a Leadership Development
Program, in partnership with Fundação Dom Cabral (FDC)
74. Highlights
IBTTA International reward
CCR received the international IBTTA
award and the recognition of the best in
Social Responsibility focused on
Education and Traffic Safety with the
project “Estrada para a Cidadania” (Road
to Citizenship).
IBTTA is the largest and most important
international association for the highway
concession and every year promotes a
competition among its 250 associates in
23 countries on the 6 continents,
rewarding the best initiative on Corporate
Responsibility.
IBTTA award
75. Highlights
IR International reward
Ranking of Institutional Investor
magazine, over 50 years of
history and circulating in several
countries of America, Europe and
Asia, highlighted the CCR
Investor Relations team as the
best among the transport,
industry and aviation sectors.
IR award
77. Sustainability
Sustainability is an
opportunity to Create value
EconomicEconomic
SocialSocial EnvironmentalEnvironmental
Sustainable
Value
Social
Environmental
Eco-efficiency
Social
Economic
78. Sustainability
Sustainability is an
opportunity to Create Value
EconomicEconomic
SocialSocial EnvironmentalEnvironmental
Sustainable
Value
Social
Environmental
Eco-efficiency
Social
Economic
Valuation
Reputatio
n and
Corporate
Value
Risk
Managment
Operational
Efficiency
Past
Average ROE 4 years: 33.2%
EBITDA: R$ 1.1 billion
EBITDA Mg.: 56.4%
Present
Average ROE 4 years: 38.9%
EBITDA: ~ R$ 2 billion
EBITDA Mg.: ~ 64%
EBITDA: R$ 3.5 – R$ 4.5 billion
World Cup 2014
Olympic Games 2016
Infrastructure Deficit
Several Opportunities
Secondary Market
Subway
Logistics
Urban Mobility
Developing the Current Portfolio Potential
Reducing flight routes
Maximization of ancillary revenues
Addendum to agreements
Increase of the collection basis
Expansion of the current portfolio capacity
1998-2005 / 2006-2009 / Next 5 years
Change text in the bar
Review pictures
Review pictures
Review pictures
Review pictures
Review pictures
Review pictures
CAPTIONS
Municipality Seat
System Roads
Other Roads
Municipality Border
Main Roads
Tolls
Rever as fotos
Foto STP
Rever as fotos
Rever as fotos
´Figura que está por baixo: igual ao slide 10.
Allotment 2
KEY:
Elevated: 18,8 km
Surface: 4,2 km
Urban Transport: Multiple projects in the Country, including subways/ trains in the cities of Curitiba, Brasília and Porto Alegre
Projects World Cup/Olympics: VLT, Subways, Highways