2Q09 Results

August 13th, 2009

This presentation contains certain statements that are neither reported financial

results or other historical information. They are forward-looking statements.

Because these forward-looking statements are subject to risks and uncertainties,

actual future results may differ materially from those expressed in or implied by the

statements. Many of these risks and uncertainties relate to factors that are beyond

CCR’s ability to control or estimate precisely, such as future market conditions,

currency fluctuations, the behavior of other market participants, the actions of

governmental regulators, the Company's ability to continue to obtain sufficient

financing to meet its liquidity needs; and changes in the political, social and regulatory

framework in which the Company operates or in economic or technological trends or

conditions, inflation and consumer confidence, on a global, regional or national basis.

Readers are cautioned not to place undue reliance on these forward-looking

statements, which speak only as of the date of this document. CCR does not

undertake any obligation to publicly release any revisions to these forward looking

statements to reflect events or circumstances after the date of this presentation.

Forward Looking Statement

While preparing the financial statements for 2008, the Company, for the first

time, adopted the changes introduced by Law 11638, approved on

December 28, 2007, with the respective changes introduced by the

Provisional Presidential Decree 449, of December 3, 2008.

For quarterly comparative purposes, the Company complied with CVM

Resolution 506, of June 19, 2006, taking into account the retrospective

effect of the changes determined by said legislation and is consequently

presenting again the information for the second quarter of 2008.

Results Presentation

Highlights

Results

Outlook

Social Responsability and Cultural Policy

Agenda

2Q09 Highlights

Operating

� EBITDA totaled R$ 466.6 million (+23.9%) in the 2Q09 and R$ 921.4 million in the 1H09

(+18.3%). The EBITDA margin reached 63.3% (+4.0 p.p.) in the 2Q09 and 63.4% (+1.4

p.p.) in the 1H09. Excluding Renovias and RodoAnel, EBITDA came to R$ 431.9 million

in the 2Q09 and R$ 857.3 million in the 1H09.

� Net income totaled R$ 181.9 million (+28.2%) in the 2Q09 and R$ 337.8 million

(+11.1%) in the 1H09. Excluding Renovias and RodoAnel, net income totaled R$ 207.6

million in the 2Q09 and R$ 388.2 million in the 1H09.

� Traffic grew by 18.1% in the 2Q09 and 17.2% in the 1H09. Excluding Renovias and

RodoAnel Oeste, traffic edged down by -0.1% in the 2Q09 and -1.1% in the 1H09.

� The number of AVI users rose 48.0% compared to the 2Q08, totaling 1,538,000 active

tags.

Highlights

Upcoming Events

� On August 4, 2009, CCR concluded the distribution of its 5th debenture issue in the total

amount of R$ 598.2 million.

� On August 12, 2009, CCR approved the payment of dividends proposed by the

management, in the amount of R$ 1.26 per share (R$ 0.10 of which relative to fiscal

year 2008 and R$ 1.16 as an advance on fiscal year 2009), totaling R$ 507.9 million, to

be paid on September 30, 2009.

Highlights

Debentures: R$ 598 Million

� 1st SeriesTerm: 3 years, six-monthly interest and amortization at the endSpread: 112% of the CDI rateAmount: R$ 498 million

� 2nd SeriesTerm: 5 years, annual interest and amortization in the 3rd, 4th and 5th yearsSpread: IPCA + 7.5% p.a.Amount: R$ 150 million

Total Demand (R$ MM)

Asset 460,805

Pension Fund 139,000

Banks 297,950

Insurance Companies 5,000

Private 39,272

Total 942,027

Total Demand (R$ MM)

Asset 195,800

Pension Fund 103,000

Banks 96,000

Insurance Companies -

Private 19,398

Total 414,198

Results

(1) Total Costs + Administrative Expenses(2) Includes prepaid expenses

* See slide 3

Financial Highlights 2Q08 2Q09 Chg % 1H08 1H09 Chg %

R$ Millions Reclassified* Reclassified*

Net Revenue 635.3 736.8 16.0% 1,255.7 1,452.8 15.7%

Total Costs (1) (345.5) (384.8) 11.4% (651.2) (755.1) 16.0%

EBIT 289.8 352.1 21.5% 604.5 697.7 15.4%

EBIT Margin 45.6% 47.8% +2.2 p.p. 48.1% 48.0% -0.1 p.p.

Depreciation and Amortization (2) 86.7 114.6 32,.% 174.2 223.7 28.5%

EBITDA 376.5 466.6 23.9% 778.7 921.4 18.3%

EBITDA Margin 59.3% 63.3% +4.0 p.p. 62.0% 63.4% +1.4 p.p.

Net Financial Result (66.9) (66.0) -1.3% (129.2) (148.9) 15.3%

Inc. Tax and Soc. Contribution (Current and Deferred) (78.7) (102.4) 30.1% (166.3) (207.6) 24.8%

Net Income 141.9 181.9 28.2% 304.1 337.8 11.1%

Once more results have proven right one of CCR’s main characteristics...

...an asset portfolio resilient to ecnomic downturns.

Net Financial Result

* See slide 3

Net Financial Result 2Q08 2Q09 Chg % 1H08 1H09 Chg %

R$ Million Reclassified* Reclassified*

Net Financial Result (66.9) (66.0) -1.3% (129.2) (148.9) 15.3%

Financial Expenses: (99.4) (139.2) 40.0% (204.5) (285.6) 39.6%

- Exchange Rate Variation (0.1) - n.a. (14.2) (5.5) -61.5%

- Hedge Transaction Lost (10.1) (29.4) 189.0% (27.8) (43.5) 56.3%

- Monetary Variation (34.2) - n.a. (52.3) (1.7) -96.8%

- Interest on Short-Term and Long-Term Debt (49.5) (103.0) 108.3% (98.6) (213.8) 116.9%

- Other Financial Expenses (5.5) (6.8) 23.1% (11.6) (21.1) 81.0%

Financial Revenue: 32.5 73.2 124.8% 75.3 136.7 81.4%

- Hedge Transactions Gains - - n.a. 13.7 0.3 -97.8%

- Exchange Rate Variation 14.1 42.0 196.7% 20.2 59.9 196.1%

- Monetary Variation - 2.5 n.a. - 10.8 n.a.

- Other Financial Revenues (Interest and Proceeds from Investments)

18.4 28.7 55.9% 41.4 65.7 58.8%

EBITDA (R$ million) x EBITDA Margin

Business Dynamics

1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09

224

259

310 309299

263

322 323

341

326

411 402

374

482473

54%55%

60%

56%58%

51%

59%57%

62%

59%

65%

59%

67%

64%

67%

59%

366

454

63% 63%

467

Revenues

Toll Payment Method

Revenue Breakdown

Concession Breakdown

2Q07 2Q08 2Q09

Cash

Electronic

47%

49%

52%

53%

51%48%

50%

50% 53%

47% 44%

56%

AutoBan

34%

NovaDutra

24%

Rodonorte

11%

Ponte

3%

ViaLagos

2%

ViaOeste

16%

Renovias

3%

RodoAnel

4% Other3%

Other 2.0%

95,5%

Toll

STP 2.6%

95.4%

Net Revenues & Total Costs

51%

52%

49%

49%

D&A

Thirdy-Party

Concession Fee and Prepaid Expenses

Payroll

Other

Net Revenue

Other: insurance, rent, marketing, travel, electronic payment and material for conservation and maintenance.

Third-Party Services: auditing, consulting, shared services and routine maintenance.

736.8

345.5

635.3

26%

13%

22%

14%

25%27%

17%

20%

13%

24%

384.8

512.8

338.2

25%

20%

18%

14%

23%

26%

14%

22%

12%

25%

313.9

555.7

2Q08 2Q092Q06 2Q07

66

%

56

%

54

%

52

%

The adverse macroeconomic scenario aggravated our concern about…

...operating efficiency.

Traffic (Vehicle Equivalents – million)

Quarterly Breakdown

Consolidated – Quarterly Evolution

146

123

134

2Q06 2Q07 2Q08 2Q09

18.1 %173

AutoBAn NovaDutra

RodoNorte Ponte ViaLagos-0.6%

-2.9%

0.0%

4.5%

1.8%

ViaOeste

2.9%

Renovias

-0.6%

Indebtedness

Gross Debt Net Debt

3,969

94%

2Q05 2Q06 2Q07 2Q08

Short Term Long Term In R$

2,248

1,3471,484

1,622

77%

100%

100%

98%

Net Debt Net Debt / EBITDA

1,123 1,1601,103

1,770

0.84

1.12

0.98

1.22

2Q05 2Q06 2Q07 2Q082Q09

3,107

1.65

2Q09

* The gross and net debts presented above do not consider transaction costs.

... but still do not fully consider the additional cash flow.

Leverage indices incorporate investments in new assets...

The current profile reflects the regular development of any…

...new business, including the taking out of long-term loans.

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

1,960

417

316216

275

122 105178 178 178

12 12

BNDES

Debentures ( IGPM )

Debentures( CDI )

CommercialPaper

Foreign Currency

33%

13%

Debentures( Fixed Rate )

23%

17%

8%6%

Indebtedness

Distribution Debt Amortization

Short-Term (2H09) 1,960

RodoAnel Commercial Papers 1,323

Amortization 304

CCR Debenture 333

Consolidated Cost of DebtN

om

inal R

ate

p.a

. %

13.39% 13.45%

12.04%11.61%

12.49%

9.90%

9.42%

0%

2%

4%

6%

8%

10%

12%

14%

16%

Jan/09 Feb/09 Mar/09 Apr/09 May/09 Jun/09 Jul/09

The recent decline in interest rates has contributed...

...to improve CCR’s net results.

RodoAnel simulation after long term and the roll-over of CCR’s debentures

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

303

417

321

789

352

205

139

233255

515

377 380

129 129

71 70

Pro-forma simulation

Source: CCR

Indebtedness

Debt Amortization by Index

Foreign CurrencyTJLPIGPMCDI Fixed Rate

R$ (

mill

ion)

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

1,960

417

316

216275

122 105178 178 178

12 12

Capex

Schedule 2009 - 2010

CAPEX (R$ MM) 1Q09 2Q09 2009(E) 2010 (E)

AutoBAn 67.9 82.7 337.2 498.5

NovaDutra 32.9 40.3 161.1 196.0

ViaOeste 15.8 53.3 302.0 162.4

RodoNorte (100%) 15.3 12.3 83.4 96.8

Ponte 0.8 0.9 12.5 18.2

ViaLagos 1.0 0.6 9.5 12.0

ViaQuatro (58%) 1.9 21.7 158.9 123.1

Renovias (40%) 3.9 9.6 36.0 26.3

RodoAnel (100%) 16.5 24.4 53.3 45.5

Others1 3.1 4.5 23.9 19.2

Consolidated 159.1 250.3 1,177.8 1,198.0

1 – Includes CCR, CCR México,CCR USA, Actua, Engelog, Parques and STP.

Outlook

� Current portfolio maximization

Capital discipline for new businesses

� Focus: long-term financing of RodoAnel

� Expresso Aeroporto - São Paulo

� Rodoanel : South segment+ East segment + North segment

� New subway lines

� Federal and São Paulo state Concession Program

�Correlated businesses

� Toll plaza reallocation

� Value creation through addenda in concession agreements

� Estimate: October / November

Social Responsibility and Cultural Policy

Social Responsibility

� In June, CCR celebrated the ten-year anniversary of a successful growth trajectory

by launching an unprecedented initiative: the Theater Party, an event that distributed

over 33,000 free ticked to around 100 plays performed in São Paulo city.

� Sixty-eight articles were published on the Theater Party and CCR’ s tenth

anniversary

� Online media: 35

� Newspapers/Magazines: 17

� TV: 6

� Radio: 9

2009 Highlights: Theater Party

Line in front of the Municipal

Theater to collect tickets...

... and their satisfaction after

receiving the tickets

Social Responsibility

Official opening of the

Theater Party in front of the

Municipal Theater, with100

actors in costumes...

.... who walked until the

subway station to spread

the party!

Social Responsibility

Social Responsibility and Cultural Policy

Culture

Health

Education

Tela Brasil Cinema Approximately 500,000 people

Roda Brasil Circus Over 140,000 people

Road to Citizenship 15,000 educators and 870,000 children

I Use de Pedestrian Crossing Over 60,000 children, youngsters and adults

Ways to Life Institute Over 1,350 students

Road to Health Approximately 70,000 truckers assisted

Humanized Childbirth Over 17,000 pregnant women assisted

Zero Alcohol Over 300,000 people impacted

Green Asphalt Over 360,000 recycled tires

SacoLona (canvas bag) Project 6,230 items manufactured

Sports’ Caravan 16,230 children from public schools benefited

Environment / Sports

2Q09 Results

August 13th, 2009