SOURCE: Companhia de Concessoes Rodoviarias

Companhia de Concessoes Rodoviarias

March 18, 2013 20:36 ET

Results for the 4th Quarter and the Year of 2012

SAO PAULO, BRAZIL--(Marketwire - Mar 18, 2013) - CCR S.A. (CCR) (BMFBOVESPA: CCRO3), Brazil's largest road concession operator in revenue terms hereby announces its results for the fourth quarter and the year of 2012.

Highlights
Consolidated traffic increased by 3.1% in 4Q12 and 2.9% in 2012.

The Company's results incorporate the Transolímpica (33.33%) as of April 19, 2012, the International Airport of Quito (approximately 45.49%) as of May 25, 2012, Barcas S.A. (80%) as of July 2, 2012, the International Airport of San José (approximately 48.75%) as of September 10, 2012 and the International Airport of Curaçao (approximately 45.80%), as of October 22, 2012.

Subsequent Event
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$ 100.8 million, amount to be submitted for approval at the General Shareholders Meeting (GSM) scheduled for April 18, 2013.

Comments from the CEO
Renato Alves Vale:
"It is with great satisfaction that we are reporting the results obtained by CCR in 2012 and 4Q12 to our shareholders, the market, employees, users and our various interested audiences.

Despite the stable performance (-0.6%) of industrial production in 4Q12 compared to 4Q11, our traffic registered 3.1% growth compared to 4Q11, demonstrating strong resiliency. A lower interest rate scenario helped improve our financial results. Associated with our capital discipline, these factors strongly contributed to 17.9% growth of net income, which reached R$ 347.5 million during this quarter and R$ 1,177.3 in 2012, representing an increase of 30.9% compared to 2011.

Supported by this strong performance and solid financial position, we are maintaining our commitment of distributing dividends to the shareholders, and management is proposing the distribution of R$ 0.0570773 per share in the form of supplemental dividends, referring to the year of 2012. If approved, and added to the dividends paid out in October 2012, CCR will have reached more than R$ 1.1 billion distributed to shareholders related to the fiscal year of 2012, for a payout of 89.54%."

Forthcoming Events

Conference Calls
In Portuguese:
Tuesday, March 19, 2013
10:30 a.m. São Paulo / 9:30 a.m. New York
Telephone: (+55 11) 4688-6361
Code: CCR
Replay: (+55 11) 4688-6312
Code: 8543574#
Webcast: www.grupoccr.com.br/investidores

In English:
Tuesday, March 19, 2013
11:30 a.m. São Paulo / 10:30 a.m. New York
Brazil: (+55 11) 4688-6361 Código: CCR
Other Countries: (+1) 786-924-6977
U.S.: (+1) 855-281-6021
Replay: (+55 11) 4688-6312
Code: 5670059#
Webcast: www.grupoccr.com.br/investidores

Contact Information

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