2Q13 Earnings Results

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

2Q13 Highlights

4

TRAFFIC:

Consolidated traffic increased by 6.2% compared to 2Q12 and 4.1% compared to 1S12.

TOLLS COLLECTED BY ELECTRONIC MEANS:

The number of STP users expanded 14.5% compared to June 2012, reaching 3,982

thousand active tags.

ADJUSTED EBITDA:

Adjusted EBITDA on the same basis1 increased by 16.8%, reaching 67.0% margin in 2Q13

and 12.0% in 1H13, with margin of 67.0%.

2 Adjusted EBITDA excludes Barcas, Curaçao International Airport and MTH (company responsible for issues related to acquisition, sale and leasing of ferries).

Subsequent Event

5

STP:

On August 05, 2013 CCR signed a Share Purchase Agreement and Other Covenants,

together with Ivan Toledo de Corrêa Filho, EcoRodovias S.A. and GSMP S.A. (jointly

referred to as selling shareholders), with purpose of the sale of 10% of the shares

representing STP’s capital stock for the amount of R$250,000,000, to Raízen Combustíveis

S.A.

PROPOSED DIVIDENDS:

The CCR Executive Board proposed interim dividend payments of R$0.57 per share.

Key Indices

Strong EBITDA Margin expansion of mature portfolio and Net Income expansion of 35.7% ...

... despite businesses that have not reached maturity yet.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 Barcas, Quito International Airport and MTH.4 Calculated without non cash expenses: depreciation and amortization, maintenance provision and settlement of prepaid expenses.

Net Revenues1 1,077.6 1,246.8 15.7% 2,166.8 2,453.0 13.2%

EBIT 524.5 589.0 12.3% 1,100.2 1,194.6 8.6%

Adjusted EBIT Mg.2 48.7% 47.2% -1.5 p.p. 50.8% 48.7% -2.1 p.p.

EBIT on the same basis3 524.5 603.6 15.1% 1,100.2 1,214.7 10.4%

EBIT Mg. on the same basis3 48.7% 50.2% +1.5 p.p. 50.8% 51.2% +0.4 p.p.

Adjusted EBITDA4 689.0 797.0 15.7% 1,418.6 1,580.6 11.4%

Adjusted EBITDA Mg. 63.9% 63.9% 0.0 p.p. 65.5% 64.4% -1.1 p.p.

Adjusted EBITDA on the same basis3 689.0 805.0 16.8% 1,418.6 1,589.3 12.0%

Adjusted EBITDA Mg. on the same basis3 63.9% 67.0% +3.1 p.p. 65.5% 67.0% +1.5 p.p.

Net Income 224.3 304.4 35.7% 512.9 641.1 25.0%

1H13 Chg %Financial Indicators (R$ MM) 2Q12 2Q13 Chg % 1H12

Traffic – Quarter Change (Proforma)

7

Consolidated – Equivalent Vehicle

Revenue and traffic 2Q13 X 2Q12 (%)

2Q08 2Q09 2Q10 2Q11 2Q12 2Q13

146,143

172,561

211,840

237,859 238,811 253,634

* Information including Renovias which is contemplated in the proforma method.

AutoBAn NovaDutra RodoNorte Ponte ViaLagos ViaOeste Renovias* RodoAnel SPVias

7.7

4.3

10.0

1.7 0.8

5.2 6.9

5.3

10.7 11.9

10.1

15.0

8.4 6.3

9.3 11.4

12.9

15.7

Traffic Toll Revenues

AutoBan28.4%

NovaDutra17.7%

ViaOeste13.6%

RodoNorte9.1%

SPVias7.8%Airports

3.7%

STP3.6%

ViaQuatro3.3%

RodoAnel3.2%

Barcas2.5%

Ponte2.4%

Renovias2.2%

ViaLagos1.2% Controlar

1.0%Outros0.2%

2Q10 2Q11 2Q12 2Q13

92% 93% 90% 84%

8% 7% 10% 16%

Toll Others

Payment Means

Gross Operating Revenues

Revenue Analysis (Proforma)

8

Gross Revenue Breakdown

2Q10 2Q11 2Q12 2Q13

60% 65% 67% 69%

40% 35% 33% 31%

Electronic Cash

* Including the proportional results of jointly-owned subsidiaries.

2Q12 Depreciationand

Amortization

Third-partyServices

GrantingPower andAdvanced

Expenses

PersonnelCosts

ConstructionCosts

MaintenanceProvision

OtherCosts

2Q13 Ex NewBusiness

2Q13Ex New

Business

629

814

746

32 10 534

80 12 12 (68)

Costs Evolution (2Q13 X 2Q12)

9

19%

7% 6%

Total Costs (R$ MM)

29%

105% 34% 29%

29%

19%

Direct Costs, Barcas and

Curaçao

Wage Increase, Barcas and

Curaçao

Construction ofService Roadsand 3rd line

AutoBAnConstruction ofService Roads,

Barcas and Curaçao

Barcas and

Curaçao

CVM 527 Instruction – EBITDA standardizing

10

1

1 Calculation performed according to CVM 527/2012 Instruction.

Concession

FeeIFRS

53,8%

of Mg.63,9%

of Mg.67,0%

of Mg.

2Q13Net Revenue

andConstruction

Revenue

TotalCosts

Depreciation and

Amortization

EquityIncome

andMinority Shares

2Q13CVM

EBITDA

PrepaidExpenses

Maintenance Provision

EquityIncome

andMinority Shares

2Q13 Adjusted

EBITDA

Effectof New

Business

2Q13 Adjusted

EBITDA on the same

Basis

1,402.6

25.9 755.3797.0 805.0

813.6

140.420.5

47.1 (25.9) 8.0

2Q12 2Q13 BarcasEffect

2Q13Ex Barcas

749.4

908.0 917.9

9.9

Proforma Adjusted EBITDA*

11* Including the proportional results of jointly-owned subsidiaries and calculated excluding non-cash expenses (depreciation and amortization, provision for maintenance and

recognition of prepaid concession expenses).

62.5%

of Mg.62.9%

of Mg.65.3%

of Mg.

+ 22.5%

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 (168.2) (152.5) -9.3% (344.2) (290.1) -15.7%

- Income from Hedge Operation 8.9 11.1 24.7% 0.9 6.1 577.8%

- Monetary Variation (7.8) (5.2) -33.3% (15.9) (12.8) -19.5%

- Exchange Rate Variation on Loans, Financing and Debentures (18.9) (18.9) 0.0% (13.7) (16.1) 17.5%

- Present Value Adjustment of Maintenance Provision (12.2) (11.1) -9.0% (27.0) (22.1) -18.1%

- Interest on Loans, Financing and Debentures (158.9) (141.6) -10.9% (330.3) (269.1) -18.5%

- Investment Income and Other Income 38.0 28.9 -23.9% 69.9 47.9 -31.5%

- Others¹ (17.3) (15.7) -9.2% (28.1) (24.0) -14.6%

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

Net Financial Result (R$ MM) 2Q12 2Q13 Chg % 1H12 1H13 Chg %

2013 2014 2015 2016 From2017

411

1,166 1,185

3,129

460

207

CDI USD Others

610

3,181

1,2381,308

904

CDI89.7%

IPCA3.8%

USD2.9%

TJLP2.8% IGP-M

0.8%

Debt in June 30, 2013

Gross debt by indexer

Amortization Schedule (R$ ‘000)

• Total Gross Debt: R$ 7.2 B

• Net Debt / EBITDA: 2.0X...

13

5,6306,186 6,152 5,893

6,330 6,3447,212 7,018 6,944

6,451 6,335

2.2 2.32.1

1.9 2.0 1.92.2 2.1 2.0 2.1 2.0

-1,5

-1

-0,5

0

0,5

1

1,5

2

2,5

3

0

2.000

4.000

6.000

8.000

10.000

12.000

2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 1Q13 2Q13

Net Debt (R$ MM) Net Debt/EBITDA (x)

Debt

Leverage ratios indicate a decreasing trend…

...even with the new business, which still do not have a strong cash generation.14

Net Debt / EBITDA LTM

Proforma data IFRS10 and 11

2Q13 Realized Investments and Maintenance

15

2Q13 1H13 2Q13 1H13 2Q13 1H13 2Q13 1H13

AutoBAn 55.4 87.5 3.7 6.1 59.1 93.6 10.7 13.3

NovaDutra 34.0 52.0 5.4 8.5 39.4 60.5 13.0 34.1

ViaOeste 9.1 13.5 1.4 2.8 10.5 16.3 2.1 4.1

RodoNorte (100%) 9.5 19.9 0.9 1.2 10.4 21.1 6.9 14.3

Ponte 3.7 7.1 2.0 3.8 5.7 10.9 0.6 0.7

ViaLagos 5.0 6.3 0.7 1.2 5.7 7.5 0.0 0.1

SPVias 27.4 45.9 2.4 7.3 29.8 53.2 5.1 10.6

RodoAnel (100%) 4.4 9.0 1.0 1.2 5.4 10.2 0.0 0.0

SAMM 0.5 8.0 3.6 6.9 4.1 14.9 0.0 0.0

Barcas 7.6 8.6 3.5 4.5 11.1 13.1 0.0 0.0

Other1 9.3 7.5 9.6 16.9 18.8 24.4 0.0 0.0

Consolidated 165.9 265.3 34.2 60.4 200.0 325.7 38.4 77.2

1 - Includes CCR, CCR Holanda, CPC, CPCSP and Eliminations.

R$ MMImprovements Equipments and Others Total Maintenance Cost

Performed investments Performed maintenance

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

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

183

263

500547

580

714 709 672

899

1,177

Net Income

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 year16

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

The Company’s Executive Board proposed

interim dividend payments of R$0.57 per share.

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)

17

Via Lagos

Concession

Extension (2011)

• Airports: Quito, San

José and Curaçao

•Barcas

• Transolímpica

(2012)

Track Record

CCR Track Record: diversification and new bids

• VLT

• Increase in

Curaçao stake

(2013)

Thank you

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