IFRS

Proforma

Financial Indicators (R$ MM)

3Q16

3Q17

Chg %

3Q16

3Q17

Chg %

Net Revenues1

1,778.2

1,983.1

11.5%

2,009.4

2,136.0

6.3%

Adjusted Net Revenues on the same basis2

1,778.2

1,860.6

4.6%

1,909.6

1,989.8

4.2%

Adjusted EBIT3

2,118.0

899.7

-57.5%

2,225.9

969.5

-56.4%

Adjusted EBIT Mg.4

119.1%

45.4%

-73.7 p.p.

110.8%

45.4%

-65.4 p.p.

EBIT on the same basis2

810.4

828.6

2.2%

871.2

891.8

2.4%

EBIT Mg. on the same basis2

45.6%

44.5%

-1.1 p.p.

45.6%

44.8%

-0.8 p.p.

Adjusted EBITDA5

2,430.7

1,268.9

-47.8%

2,576.8

1,372.8

-46.7%

Adjusted EBITDA Mg.4

136.7%

64.0%

-72.7 p.p.

128.2%

64.3%

-63.9 p.p.

Adjusted EBITDA on the same basis2

1,123.1

1,187.3

5.7%

1,214.1

1,279.9

5.4%

Adjusted EBITDA Mg. on the same basis2

63.2%

63.8%

0.6 p.p.

63.6%

64.3%

0.7 p.p.

Net Income

1,151.1

472.3

-59.0%

1,151.1

472.3

-59.0%

Net Income on the same basis2

265.5

433.1

63.1%

265.5

433.1

63.1%

Net Debt / Adjusted EBITDA LTM (x)6

2.3

2.2

2.2

2.2

Adjusted EBITDA / Performed investments (x)

4.5

1.8

3.9

2.0

Adjusted EBITDA / Interest and Monetary Variation (x)

5.9

5.6

6.0

5.4

IFRS

Proforma

Financial Indicators (R$ MM)

9M16

9M17

Chg %

9M16

9M17

Chg %

Net Revenues1

5,013.8

5,516.7

10.0%

5,785.0

6,014.1

4.0%

Adjusted Net Revenues on the same basis2

5,013.8

5,274.1

5.2%

5,409.7

5,646.6

4.4%

Adjusted EBIT3

3,457.8

2,878.8

-16.7%

3,791.0

3,108.1

-18.0%

Adjusted EBIT Mg.4

69.0%

52.2%

-16.8 p.p.

65.5%

51.7%

-13.8 p.p.

EBIT on the same basis2

2,150.2

2,194.1

2.0%

2,329.0

2,369.6

1.7%

EBIT Mg. on the same basis2

42.9%

41.6%

-1.3 p.p.

43.1%

42.0%

-1.1 p.p.

Adjusted EBITDA5

4,383.3

3,929.4

-10.4%

4,841.2

4,261.2

-12.0%

Adjusted EBITDA Mg.4

87.4%

71.2%

-16.2 p.p.

83.7%

70.9%

-12.8 p.p.

Adjusted EBITDA on the same basis2

3,075.6

3,224.6

4.8%

3,350.2

3,486.6

4.1%

Adjusted EBITDA Mg. on the same basis2

61.3%

61.1%

-0.2 p.p.

61.9%

61.7%

-0.2 p.p.

Net Income

1,544.4

1,468.4

-4.9%

1,544.4

1,468.4

-4.9%

Net Income on the same basis2

561.2

1,031.8

83.9%

561.2

1,031.8

83.9%

Net Debt / Adjusted EBITDA LTM (x)6

2.3

2.2

2.2

2.2

Adjusted EBITDA / Performed investments (x)

2.8

1.7

2.4

1.8

Adjusted EBITDA / Interest and Monetary Variation (x)

3.5

4.6

3.7

4.6

1 Net revenue excludes construction revenue.

2 Same-basis figures exclude: (i) ViaQuatro, which became a subsidiary in 2Q17; (ii) the non-recurring effect of the sale of STP, of R$1,307.7 million on EBITDA and R$863.1 million on net income, in 3Q16; and (iii) STP, ViaRio and VLT, in same-basis profit and same-basis proforma comparisons.

3 Calculated by adding net revenue, construction revenue, cost 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, provision for maintenance and the recognition of prepaid concession expenses.

6 LTM 3Q17 adjusted EBITDA includes non-recurring effects of the acquisition of stakes in ViaQuatro and ViaRio (R$548.1 million). Excluding these effects on EBITDA, the Net Debt/EBITDA ratio came to 2.5x (2.4x in proforma figures) in September 2017.

Conference Calls/Webcast

Access to the conference calls/webcasts:

Conference call in Portuguese: 

Friday, October 27, 2017
11:00 a.m. São Paulo / 09:00 a.m. New York

Participants calling from Brazil: (11) 3193-1001 or (11) 2820-4001
Access code: CCR 
Replay: (11) 3193-1012 or (11) 2820-4012
Code: 9955228#

Conference call in English:

Friday, October 27, 2017
12:00 p.m. São Paulo / 10:00 a.m. New York

Participants calling from Brazil: (55 11) 3193-1001 or (55 11) 2820-4001 
Participants calling from the United States: (+1) 888-700-0802
Participants calling from other countries: (+1) 786-924-6977
Access code: CCR
Replay: (11) 3193-1012 or (11) 2820-4012
Code: 6684953#

The instructions to participate in these events are available on CCR’s website: www.ccr.com.br/ir.

IR Contacts

Marcus Macedo (+55 11) 3048-5941
Flávia Godoy: (+55 11) 3048-5955
Daniel Kuratomi: (+55 11) 3048-6353
Marcela Dias (+55 11) 3048-2108

SOURCE CCR S.A.

Related Links

http://www.ccr.com.br/ir

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