Earnings Results

4Q12 and the year of 2012

Disclaimer

This presentation may contain certain forward-looking projections and trends that neither

represent realized financial results nor historical information.

These forward-looking projections and trends are subject to risk and uncertainty, and

future results may differ materially from the projections. Many of these risks and

uncertainties are related to factors that are beyond CCR’s ability to control or to estimate,

such as market conditions, currency swings, the behavior of other market participants, the

actions of regulatory agencies, the ability of the company to continue to obtain financing,

changes in the political and social context in which CCR operates or economic trends or

conditions, including changes in the rate of inflation and changes in consumer confidence

on a global, national or regional scale.

Readers are advised not to fully trust these projections and trends. CCR is not obliged to

publish any revision of these projections and trends that should reflect new events or

circumstances after the realization of this presentation.

2

Agenda

3

Highlights

Results Analysis

Perspectives

4Q12 Highlights

4

NET REVENUE:

Growth of 15.2% compared to 4Q11.

EBITDA:

Expansion of 12.0% of Adjusted EBITDA1, reaching R$ 881.8 million.

NET INCOME:

Amounted to R$ 347.5 million (+17,9%), due to higher cash generation and lower financial

expenses.

TOLLS COLLECTED BY ELECTRONIC MEANS:

The toll charges collected by this means accounted for 66.7% of the total toll revenue and the

number of STP users expanded 16.2% compared to December 2011, reaching 3,770

thousand active tags.

1 Calculation including the non-cash expenses: depreciation and amortization, provision for maintenance and allocation of anticipated concession grant expenses.

Subsequent Event

5

On February 19, 2013 the company reported to its shareholders and the market in general

that on that date, together with its partners in the Quiport concessionaire: AECON, Airport

Development Corporation (ADC) and HAS Development Corporation (HAS-DC), it had

inaugurated the new International Airport of Quito, Ecuador.

CCR’s Management proposed a supplemental dividends distribution to its shareholders

referring to the fiscal year of 2012, in the amount of R$ 0.0570773 per share, totaling R$

100,775 thousand, amount to be submitted for approval at the General Shareholders

Meeting (GSM) scheduled for April 18, 2013. Considering the intermediate dividends paid

on October 31, 2012, in the amount of R$ 953,417 thousand, representing R$ 0.54 per

share, will result in a payout for the fiscal year of 2012 of 89.54%.

Financial Indicators (R$ MM) 4Q11 4Q12 Chg % 2011 2012 Chg %

Net Revenues1 1,225.4 1,411.9 15.2% 4,577.6 5,196.7 13.5%

EBIT 659.6 679.7 3.0% 2,277.0 2,497.4 9.7%

Adjusted EBIT Mg.2 53.8% 48.1% -5.7 p.p. 49.7% 48.1% -1.6 p.p.

EBIT on the same basis3 659.6 688.1 4.3% 2,277.0 2,514.9 10.4%

EBITD Mg. on the same basis3 53.8% 50.9% -2.9 p.p. 49.7% 49.5% -0.2 p.p.

Adjusted EBITDA4 787.5 881.8 12.0% 2,933.8 3,271.8 11.5%

Adjusted EBITDA Mg. 64.3% 62.5% -1.8 p.p. 64.1% 63.0% -1.1 p.p.

Adjusted EBITDA on the same basis3 787.5 879.8 11.7% 2,933.8 3,267.4 11.4%

Adjusted EBITDA Mg. on the same basis3 64.3% 65.1% +0.8 p.p. 64.1% 64.3% +0.2 p.p.

Net Income 294.7 347.5 17.9% 899.4 1,177.3 30.9%

Earnings Highlights

Net Income expansion of 17.9% despite the temporary contraction of Adjusted EBITDA Mg...

...due to new business addition in the initial phase .6

1 Net Operational Revenues excludes Construction Revenues.

² The adjusted EBIT margin was calculated by dividing the EBIT by net revenues, excluding construction revenues, because this is an IFRS requirement,

whose counterpart in the same amount impacts total costs.

³ Adjustment excluding additional business in 2012: the international airports of Quito, San José and Curaçao, Transolímpica and Barcas, which still have

not yet reached maturity.4 Adjusted EBITDA was calculated by the sum of net revenues and construction revenues, cost of provided services, administrative expenses, depreciation

and amortization, maintenance provision and settlement of prepaid expenses.

CVM 527 Instruction – EBITDA standardizing

7

1 2

2

1 Calculation performed according to CVM 527/2012 Instruction.

² Adjustment excluding business added in 2012: International Airports of Quito, San José and Curaçao, Transolímpica and Barcas, which have not reached maturity yet.

Concession

FeeIFRS

4Q12Net Revenue

andConstruction

Revenue

TotalCosts

Depreciation and

Amortization

4Q12CVM

EBITDA

PrepaidExpenses

Maintenance Provision

4Q12 Adjusted

EBITDA

Effect ofNew

Business

4Q12 Adjusted

EBITDA on the same

Basis

1,667

830882 880

987

150 2132 2

AutoBAn NovaDutra RodoNorte Ponte ViaLagos ViaOeste Renovias RodoAnel SPVias

4.1

0.9

9.8

2.1

12.6

0.9

3.8

0.9

9.8 8.1

6.6

14.3

8.8

13.3

4.8

8.3 8.1

14.6

Traffic Toll Revenues

Traffic – Quarter Change

8

Consolidated – Equivalent Vehicle

Revenue and traffic 4Q12 X 4Q11 (%)

4Q07 4Q08 4Q09 4Q10 4Q11 4Q12

145,207 155,765

186,186

237,103 247,459

255,153

4Q09 4Q10 4Q11 4Q12

58% 60% 65% 67%

42% 40% 35% 33%

Electronic Cash

PaymentRevenue Indexer

Gross Operating Revenues

Revenue Analysis

9

Revenue Breakdown

IGPM3%

IPCA97%

AutoBAn29,0%

NovaDutra18.9%

ViaOeste13.8%

RodoNorte9.0%

SPVias8.2%

STP3.5%

RodoAnel3.2%

ViaQuatro2.8%

Ponte2.6%

Barcas2.3%

Renovias2.2%

Aeroportos1.7%

ViaLagos1.5%

Controlar1.2%

Others0.1%

4Q09 4Q10 4Q11 4Q12

93% 93% 92% 87%

7% 7% 8% 13%

Toll Others

4Q11 Depreciationand

Amortization

Third-partyServices

GrantingPower andAdvanced

Expenses

PersonnelCosts

ConstructionCosts

MaintenanceProvision

OtherCosts

4Q12 Ex NewBusiness

4Q12Ex New

Business

711

987

879

4028 2

37

11034

25 (108)

Costs Evolution (4Q12 X 4Q11)

10

MaintenanceProjects andConsulting

Services

27%

18% 2%

Total Costs (R$ MM)

Construction ofService Roads

New Business and

ConstructionWorks

Review ofMaintenance Cicle

32%

76%n.m.

39%

37%

New Business, Bargaining

Agreement andSPVias

23%

1 – Effects of the consolidation of results of the new business added in 2012: International Airports of Quito, San José and Curaçao, Transolímpica and Barcas.

1

1

New Business

4Q11AdjustedEBITDA

NetRevenue

Costs 4Q12AdjustedEBITDA

Effectof New

Business

4Q12Adjusted

EBITDA onthe Same Basis

787

882 880

186(92)

2

4Q11Net

Revenue

Effectof New

Business

4Q11PortfolioAddition

4Q12Net

Revenue

Effectof New

Business

4Q12Adjusted

Net Revenue

1,225

1,4121,351

60

126 60

Revenue and EBITDA evolution (R$ MM)

1 – Effects of the consolidation of results of the new business added in 2012: International Airports of Quito, San José and Curaçao, Transolímpica and Barcas.

EBITDA Mg.

64.3%

Adjusted

EBITDA Mg.

62.5%

Adjusted EBITDA Mg.

On the same basis

65.1%

Net Revenue Ex Construction Revenue

EBITDA

11

+10,3% of 4Q12 Adjusted

Net Revenue vs 4Q11

+12,2% of 4Q12 Adjusted

EBITDA on the same

basis vs 4Q11

1

Financial Results Highlight

Better financial results reflects the drop in Selic rate and...

...an active management of liabilities with attractive refinancing for the company.12

Net Financial Result (237.0) (145.6) -38.5% (922.7) (671.1) -27.3%

- Income from Hedge Operation 5.7 2.4 -58.3% (17.7) 20.2 n.m.

- Monetary Variation (9.4) (6.6) -30.4% (43.4) (27.8) -36.0%

- Exchange Rate Variation (10.9) (3.4) -68.4% (34.3) (41.3) 20.5%

- Present Value Adjustment of Maintenance Provision (15.7) (8.3) -47.1% (70.6) (48.7) -31.1%

- Interest on Loans, Financing and Debentures (218.0) (129.4) -40.6% (870.0) (592.6) -31.9%

- Interest and Investment Income 37.4 25.2 -32.7% 195.4 124.4 -36.4%

- Others¹ (26.2) (25.5) -2.7% (82.1) (105.3) 28.2%

¹ Comissions, fees, taxes, f ines and interest on taxes

2012 Chg %Net Financial Result (R$ MM) 4Q11 4Q12 Chg % 2011

CDI80.0%

USD12.3%

TJLP3.5%

IPCA3.2%

IGP-M1.0%

Debt in December 31, 2012

Gross debt by indexer

Amortization Schedule (R$ ‘000)

• Total Gross Debt: R$ 8.2 B

• Net Debt / EBITDA: 2,2X

• Increase in USD from 7.4% in 4Q11

to 12.3% in 4Q12 mainly due to

consolidation of new business

132013 2014 2015 2016 2017 2018 a 2026

2.047

1.054 1.187 1.809

450 -

279

80 85

90

95

382

CDI USD Others

386559

1,958

1,3391,426

2,528

2.5

2.32.2

2.3

2.1

1.92.0 1.9

2.2

4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12

5,633 5,565 5,630 6,186 6,152 5,893

6,330 6,344

7,212

Net Debt (R$ MM)

Debt

Increase of leverage indexes…

...due to new business that still don’t have a strong cash flow.

14

Net Debt / EBITDA LTM

1.5 1.51.6

1.9

2.5

2.32.2

2.3

2.11.9

Net Debt/EBITDA (x)

2012 Realized Investments and Maintenance

1 - Net subvention amounts received from the Granting Authority in the amount of R$ 16.7 million in 4Q12.

2 - Includes Quito, San José and Curaçao.

3 - Includes CCR, CCR Espana, CCR Mexico, CPCSP, STP and Eliminations.

4Q12 2012 4Q12 2012 4Q12 2012 4Q12 2012

AutoBAn 67.4 124.1 8.7 47.5 76.2 171.6 9.3 83.8

NovaDutra 92.4 167.6 5.0 17.6 97.4 185.2 24.6 120.0

ViaOeste 5.8 25.9 5.2 25.2 10.9 51.1 2.7 12.3

RodoNorte (100%) 11.5 22.9 2.1 6.1 13.6 29.0 4.9 24.0

Ponte 3.9 4.5 0.8 3.2 4.7 7.7 0.5 1.5

ViaLagos 0.7 1.7 0.8 1.2 1.5 2.9 2.6 3.6

SPVias 14.5 53.8 10.3 18.9 24.8 72.7 6.5 16.2

ViaQuatro (58%) 0.8 5.5 0.6 4.2 1.4 9.7 0.0 0.0

Renovias (40%) 5.0 13.6 0.0 1.4 5.0 15.0 1.5 8.3

RodoAnel (100%) 11.1 40.2 1.4 5.2 12.5 45.4 0.0 0.0

Controlar (45%) 0.0 0.0 0.6 0.8 0.6 0.8 0.0 0.0

SAMM 6.5 46.0 4.9 33.9 11.4 79.9 0.0 0.0

Transolímpica1 (33.33%) -15.5 13.1 0.2 0.2 -15.4 13.3 0.0 0.0

Airports2 27.6 61.7 1.9 2.8 29.5 64.4 0.0 0.0

Barcas 0.6 3.4 1.2 1.3 1.8 4.7 0.0 0.0

Other3 7.3 64.1 20.6 46.4 27.9 110.5 0.0 0.0

Consolidated 239.6 648.2 64.2 215.8 303.8 863.9 52.5 269.7

2012 (R$ MM)Improvements Equipments and Others Total Maintenance Cost

Performed investments Performed maintenance

15

2013 Estimated Investments and Maintenance

Estimated

Maintenance

AutoBAn 250.2 27.2 277.3 9.8

NovaDutra 235.8 25.3 261.2 60.7

ViaOeste 94.8 15.0 109.8 22.7

RodoNorte (100%) 86.1 10.8 96.9 29.5

Ponte 13.0 9.4 22.4 3.7

ViaLagos 87.0 4.7 91.7 4.2

SPVias 153.5 17.6 171.1 46.2

ViaQuatro (58%) 106.3 8.6 114.9 0.0

Renovias (40%) 9.2 5.8 15.0 6.3

RodoAnel (100%) 39.8 4.8 44.7 0.0

Controlar (45%) 0.3 2.7 2.9 0.0

Samm 20.3 42.1 62.4 0.0

Transolímpica (33,33%) 60.0 0.0 60.0 0.0

Aeroportos1 52.0 2.4 54.4 0.0

Barcas 17.3 12.9 30.2 0.0

Outras2 0.0 44.2 44.2 0.0

Consolidated 1,225.8 233.4 1,459.1 183.2

* Estimated Values.

1 - Includes Quito, San José and Curaçao.

2 - Includes CCR, CPC and STP.

Estimated Investments

2013 (E)* - R$ MMConstruction

Costs

Equipaments

and OthersTotal

Maintenance

Costs

16

2.2%

4.2%

4.8%

3.8% 3.9%

5.0%4.6% 4.7%

3.9%3.7%

16%

58% 61% 65%

92%85% 85%

127%

90% 90%

-70%

-20%

30%

80%

130%

2,0%

3,0%

4,0%

5,0%

6,0%

7,0%

1 2 3 4 5 6 7 8 9 10

Div. Yield Payout

Commitment to pay at least 50% of net income as dividends to shareholders

Dividends (Cash)

2%

4%

5%

4% 4%

5%5% 5%

4%

16%

58% 61% 65%

92%85% 85%

127%

90%

-70%

-20%

30%

80%

130%

2%

3%

4%

5%

6%

7%

1 2 3 4 5 6 7 8 9

Div. Yield Payout1

1 Considers the average share price in the year

17

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

183

263

500547

580

714 709 672

899

1,177

Net Income

2,2%

4,2%

4,8%

3,8% 3,9%

5,0%4,6% 4,7%

3,9%3,7%

16%

58% 61% 65%

92%85% 85%

127%

90% 90%

-70%

-20%

30%

80%

130%

2,0%

3,0%

4,0%

5,0%

6,0%

7,0%

1 2 3 4 5 6 7 8 9 10

Div. Yield Payout

In case the IFRS 10 and IFRS 11 rules had been adopted for the preparation of these financial

statements, the following are the amounts estimated:

2013 Rules for IFRS 10 and IFRS 11

18

Net income for the period and net equity would not have been affected.

2012 - (R$ '000)

Selected 2012 data with

proportional consolidation

(current criteria)

Selected 2012 data estimated using the

criteria of consolidation by Equity

Income

Total assets 14,305,826 12,502,803

Total liabilities 10,943,494 9,140,474

Adjusted EBITDA 3,271,783 3,117,428

IFRS 10 - Consolidated Financial Statements: New definition and additional control guidelines.

IFRS 11 - Jointly Controlled: jointly controlled companies shall be classified as joint ventures and will be

registered using the equity accounting method.

Which companies will be consolidated by the equity accounted method as from 2013:

Renovias, STP, Airports, ViaQuatro, Controlar and Transolímpica.

1 International Airports of Quito, San José and Curaçao.

Milestone Concession Awarded Acquisition Concession Extension

IPO

(2002)STP

(2003)Follow-on

(April 2004)ViaOeste

(October 2004)RodoNorte

(2005)

AutoBAn +

ViaOeste

Concession

Extension (2006)ViaQuatro

(2006)

USA

(2007)

(2008)RenoVias

RodoAnel

(2008)

Controlar

(2009)

Follow-on

(2009)

SP VIAS

(2010)

19

Via Lagos

Concession

Extension (2011)

2012:

• Airports: Quito, San

José and Curaçao

• Barcas

• Transolímpica

Track Record

CCR Track Record: diversification and new bids

Thank you

20