Results Conference Call

Second Quarter 2014 (2Q14)

August 08, 2014

index

2 Investor Relations

1. 2Q14 Highlights

2. Operational and Financial Performance

3. Strategy

4. Q & A

3

1.5% increase in tolled traffic in the quarter and 3.4% over the 1H13

(comparable basis)

18.9% growth on net revenue compared to the 2Q13 and 20.7% YTD

EBITDA growth of 3.0% over 2Q13 and 8.1% YTD

CAPEX of R$ 426.1 million in the quarter and R$ 801.8 million in the year

1. 2Q14 Highlights

4

Average Toll Tariff (R$/Vehicle-Equivalents)

Vehicle-Equivalents (Thousand)

2. Operational and Financial Performance Tolled Traffic and Tariffs

Best performance of state concessions

Non-recurring effects on tolled traffic on a quartely basis

(Autopista Litoral Sul) and YTD (Autopista Litoral Sul and

Autopista Fluminense)

Toll tariffs frozen in state highway since July 2013.

Adjustments for 2014 below inflation

*Comparable basis by adjusting the non-recurring effects of the closure of the toll plaza P5 on Autopista Litoral Sul ** Comparable basis by adjusting the non-recurring effects of the closure of the toll plazas P1 and P2 on Autopista Fluminense and toll plaza P5 on Autopista Litoral Sul

Worst performance of heavy vehicles in the quarter

2Q13 2Q14 Var.2Q13/2Q14

Comparable Basis* 1H13 1H14 Var.

1H13/1H14Comparable

Basis**

State 49,402 52,648 6.6% 6.6% 95,839 104,137 8.7% 8.7%Autovias 11,442 12,155 6.2% 6.2% 22,151 24,002 8.4% 8.4%Centrovias 13,189 14,270 8.2% 8.2% 25,957 28,452 9.6% 9.6%Intervias 15,705 16,569 5.5% 5.5% 30,306 32,766 8.1% 8.1%Vianorte 9,065 9,654 6.5% 6.5% 17,424 18,916 8.6% 8.6%

Federal 126,417 121,279 -4.1% -0.5% 253,711 245,386 -3.3% 1.4%Planalto 7,143 7,047 -1.3% -1.3% 14,049 14,293 1.7% 1.7%Fluminense 11,576 11,849 2.4% 2.4% 23,621 23,207 -1.8% 3.6%Fernão 40,823 40,067 -1.9% -1.9% 80,301 80,214 -0.1% -0.1%Regis 36,946 35,697 -3.4% -3.4% 73,022 72,529 -0.7% -0.7%Litoral 29,928 26,620 -11.1% 4.7% 62,717 55,143 -12.1% 5.4%

Total 175,819 173,927 -1.1% 1.5% 349,550 349,523 0.0% 3.4%

2Q13 2Q14 Var.2Q13/2Q14 1H13 1H14 Var.

1H13/1H14

Estadual 6.48 6.50 0.3% 6.48 6.49 0.2%

Federal 1.89 1.97 4.2% 1.87 1.96 4.8%

Total 3.18 3.34 5.0% 3.13 3.31 5.8%

558 581

1.095 1.157 298 408

525 785

(7) (2)

20

11

2Q13 2Q14 1H13 1H14Toll Construction Others

5

Revenue Breakdown – 2Q14

Toll Revenue Breakdown – 2Q14

Gross Revenue – R$ million

2. Operational and Financial Performance Gross Revenue

59%

41%

0%

TollConstructionOthers

59%

41% State

Federal

849 987

1,640 1,953

6

Costs and Expenses – R$ million

2. Operational and Financial Performance Costs and Expenses

(152) (202) (335) (374)

(421) (525)

(762) (1.019)

30,5%

37,5%

33,3% 35,1%

0%

5%

10%

15%

20%

25%

30%

35%

40% (1.800)

(1.600)

(1.400)

(1.200)

(1.000)

(800)

(600)

(400)

(200)

-2Q13 2Q14 1H13 1H14

Cash costs Non cash costs % Cash Costs/ Net Revenues (excluding construction)

(573)

(727)

(1,098)

(1,394)

291 299

570 616 55 37

104 76

69,5% 62,5% 66,7% 64,9%

-40,0%

-20,0%

0,0%

20,0%

40,0%

60,0%

80,0%

-

100

200

300

400

500

600

700

800

900

1.000

2Q13 2Q14 1H13 1H14

Ebitda Provision for maintanance Adjusted Ebitda Margin*

691 673

336 346

7

EBITDA Margin* Evolution

Adjusted EBITDA – R$ million

* The Adjusted EBITDA/ EBITDA Margin is based on Net Operatijng Revenue, excluding Construction Revenue

2. Operational and Financial Performance Adjusted EBITDA and Adjusted EBITDA Margin*

2Q13 2Q14 Var. 2Q13/2Q14 1H13 1H14 Var.

1H13/1H14 EBITDA Margin 58,4% 55,6% -2,8 p.p. 56,5% 57,8% +1,3 p.p.

107 92

200 193

2Q13 2Q14 1H13 1H14

8

Net Income – R$ million

2. Operational and Financial Performance Net Income

Impacts of higher depreciation (+18.5%) and worst financial result (26.9% change),

despite 18.9% growth in net revenue and 3% in EBITDA in the quarter

9

Leverage Ratio and Net Debt (R$ million) Gross Debt – R$ million

Debt Amortization Schedule – R$ million Gross Debt Profile

2. Operational and Financial Performance Indebtedness

466 404 512

2,674

4,228 4,394

3,141

4,632 4,907

2Q13 1Q14 2Q14

Short Term Long term

376

738805 785

482

238 256 275 295 317248

7418

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

53,0% 46,9%

0,1%

BNDES Debentures Others

53%38%

9%

TJLP CDI IPCA

2.706

3.258 3.666 2,1

2,4 2,7

2Q13 1Q14 2Q14

Net Debt Net Debt/Adjusted EBITDA - Fixed Concession Charge (last 12 months)

Capex delivery Economic, social and environmental sustainability

Efficient Operations Focus on quality of service to users. Comfort and safety Strengthening of corporate image and social and corporate responsability

Long-term strategy focused on 3 vectors

10

3. Arteris Strategy

11

Intangible and Fixed Assets and Maintenance – R$ million

For 2014 the Company estimated around R$ 1.8 billion in investments and by the end of all concessions R$ 6.2 billion

Capex

245,660 293,902

329,585 382,393

355,813 408,822

20,708

16,783

17,457

21,586 19,947

17,265

266,368

310,685

347,042

403,979 375,760

426,087

1Q13 2Q13 3Q13 4Q13 1Q14 2Q14

Intangible and Property Maintenance

Thank you!

www.arteris.com.br/ir