SOURCE: Companhia de Concessoes Rodoviarias

Companhia de Concessoes Rodoviarias

August 13, 2012 21:42 ET

Companhia de Concessoes Rodoviarias Announces Results for the 2nd Quarter 2012

SAO PAULO, BRAZIL--(Marketwire - Aug 13, 2012) - CCR S.A. (CCR) (BOVESPA: CCRO3), Brazil's largest road concession operator in revenue terms, hereby presents its results for the second quarter of 2012.


  • Net Revenue totaled R$ 1,198.6 million in 2Q12 (+11.0%) and R$ 2,393.3 million (+12.7%) in 1H12.
  • EBIT was R$ 563.2 million (+16.9%) in 2Q12 and 1H12 reached R$ 1,170.8 million (+21.3%). The EBIT margin reached 47.0% (+2.4 p.p.) in 2Q12, and 48.9% (+3.5 p.p.) in 1H12.
  • EBITDA was R$ 749.4 million (+13,4%) in 2Q12 and R$ 1,529.9 million (+15.6%) in 1H12; the EBITDA margin reached 62.5% (+1.3 p.p.) in 2Q12 and 63.9% (+1.6 p.p.) in 1H12. 
  • Consolidated traffic increased by 0.4% in 2Q12 and 2.7% in 1H12.
  • Net Income was R$ 224.3 million (+37.7%) in 2Q12 and R$ 512.9 million (+51.7%) in 1H12, helped by increased cash generation, a reduction in operating costs and lower financial expenditures.
  • The number of STP (electronic toll system) users increased by 21.1% in comparison with June 2011 reaching 3,478,000 active tags.
  • Company's management proposed the distribution of intermediate dividends of R$ 0.54 per share, for a total of R$ 953.4 million.
  • The Company's results incorporate Transolímpica (33.33%) and the Quito International Airport (approximately 45.49%), starting April 26, 2012 and May 25, 2012, respectively.

Comments from the CEO

Renato Alves Vale: "It is with great pleasure that we release the results obtained by CCR during 2Q12 to our shareholders, to the market, to our employees, to users and our various interested audiences.

"Although industrial production declined by 4.5% during the quarter compared to 2Q11, our traffic reported growth of 0.4% on a consolidated basis and, combined with a reduction in cost, contributed to an increase of 1.3 p.p. in the EBITDA margin. In addition to improved operating performance, the continuous reduction in the base interest rate (SELIC) contributed to the improvement and our financial performance and increase in net income of 37.7%.

"Supported by the strong growth and a solid financial position, CCR maintains its commitment to the distribution of dividends to our shareholders and management has proposed a distribution of intermediate dividends of R$ 0.54 per share, for a total of R$ 953.4 million.

"It is important to point out that 2Q12 was marked by the conclusion of the acquisition of two new businesses, Barcas S.A. and the integration of Transolímpica through Rio Olímpico Consortium, continuing our strategy of qualified growth, always based on capital discipline."

Forthcoming Events
Conference Calls

In Portuguese:
Tuesday, August 14, 2012
10:30 a.m. São Paulo /9:30 a.m. New York
Telephone: (11) 4688-6361
Code: CCR
Replay: (11) 4688-6312
Code: 2820679#


In English:
Tuesday, August 14, 2012
11:30 a.m. São Paulo / 10:30 a.m. New York
Brazil: (11) 4688-6361 Code: CCR
Other Countries: (+1) 786-924-6977
US: (+1) 855 281-6021
Replay: (11) 4688-6312
Telephone: 7959561#

Contact Information

  • IR Contacts
    Marcus Macedo: (55 11) 3048-5941
    Flávia Godoy: (55 11) 3048-5955
    Daniel Kuratomi: (55 11) 3048-6353
    Leandro Mathias: (55 11) 3048-2108