1Q12 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

Highlights

4

TRAFFIC:

Increase of 5.1% compared to 1Q11.

ELECTRONIC TOLL COLLECTION:

Electronic toll collections reached 65.6% of total toll revenues, with the number

of users of the STP system expanding by 23.8% compared to March 2011,

reaching 3,374,000 active tags.

EBITDA and EBITDA MARGIN

Increase of +17,9% in EBITDA, with margin of 65.3%, up 1.9 p.p. in relation to

1Q11.

NET INCOME

Reached R$ 288.6 million, benefited by increased cash flow generation,

reduction of operational costs and financial expenses.

On April 4, 2012 CCR reported to its shareholders and the market in general that, on

that date, its subsidiary, Companhia de Participações em Concessões, signed a Stock

Purchase and Sale and Other Agreements Contract irrevocable and undeniable for

the acquisition of shares representing 80.00% of the capital stock of BARCAS, for the

acquisition price, subject to adjustments as defined in the contract, of R$ 72.0 million

(January 2011).

On April 13, 2012, the Company approved the distribution of supplementary

dividends related to the fiscal of 2011, proposed by company’s management, in the

amount of R$ 0.06/share, distributed as from April 27, 2012. Considering the

anticipation of dividends paid in September 30, 2011, of R$ 0.40/share, in 2011,

payout was 89.2%.

5

Subsequent Event

Subsequent Event

6

On April 19, 2012 CCR reported to its shareholders and the market in general that the

Special Tender Commission declared the Consórcio Rio Olímpico, composed by CCR

(33.33%), Investimentos e Participações em Infraestrutura S.A. - Invepar (33.34%) and

Odebrecht TransPort Participações S.A. (33.33%), the winner of the Transolímpica, by

offering the highest sum in payment for the award of the concession, in the amount of R$

57.9 million.

On April 26, 2012 CCR reported to its shareholders and the market in general that, as a

result of the Material Fact published by the Company on April 19, 2012, the

CONCESSIONÁRIA TRANSOLÍMPICA S.A. signed the Concession Contract for the

concession award to build, operate, maintain, monitor, conserves and improve the “Ligação

Transolímpica” for a period of 35 (thirty five) years.

Earnings Highlights

Expansion of EBITDA margin as a result of...

... Increased cash generation and capital discipline. 8

Financial Indicators (R$ MM) 1Q11 1Q12 Chg %

Net Revenues* 1,043.4 1,194.6 14.5%

EBIT 483.5 607.6 25.7%

EBIT Mg. 46.3% 50.9% +4,6 p.p

EBITDA 662.0 780.5 17.9%

EBITDA Mg. 63.4% 65.3% +1,9 p.p

Net Income 175.2 288.6 64.7%

Net Debt / EBITDA LTM 2.3 1.9 -

EBITDA / CAPEX 3.9 7.2 -

EBITDA / Interes and Monetary Variation 3.5 4.3 -

* Net Operational Revenues excludes Construction Revenues

AutoBAn NovaDutra RodoNorte Ponte ViaLagos ViaOeste Renovias RodoAnel SPVias

4.6% 4.8%

10.8%

3.6%

6.5%4.8%

3.5%5.0% 4.4%

14.9%

8.7%

14.9%

10.8%

5.5%

15.0% 14.3%

8.9%

14.6%

Traffic Toll Revenues

Traffic – Quarter Change

10

Consolidated – Equivalent Vehicle

Revenue and Traffic 1Q12 X 1Q11

1Q07 1Q08 1Q09 1Q10 1Q11 1Q12

130,584 140,348

163,241

194,597

228,120 239,841

Revenue Analysis

11

Payment Revenue Indexer

Gross Operating Revenues Revenue Breakdown

AutoBan30.0%

NovaDutra19.5%ViaOeste

14.9%

RodoNorte10.0%

SP Vias8.2%

STP3.5%

RodoAnel3.4%

Ponte2.8%

ViaQuatro2.7%

Renovias2.3%

ViaLagos1.9%

Controlar0.6%

Others0.1%

1Q09 1Q10 1Q11 1Q12

95.4% 93.5% 92.3% 91.5%

4.6% 6.5% 7.7% 8.5%

Toll Others

IGPM2.4%

IPCA97.6%

1Q09 1Q10 1Q11 1Q12

53.5% 57.5% 62.8% 65.6%

46.5% 42.5% 37.2% 34.4%

Eletronic Cash

Revenues and Costs (1Q11 X 1Q12)

12

EBITDA increased 17.9% + R$ 119 MM

+31 Traffic 5.1%

+48 Tariff and ancillary rev. 7.9%

+15 Other revenues 26.2%

+23 Ebitda margin increase +1.9 p.p.

Source Increase % Aprox. contribution to

EBITDA increase (R$ MM)

1Q11 Depreciation and

Amortization

Third-Party Services

Concession fee costs and

anticipated

expenses

Personnel Costs

Construction Costs

Maintenance Provision

Other Costs 1Q12

696

661

14 2 116 (62)

(19)13

Costs 1Q11 X 1Q12 (R$ MM) Total

Costs

Reduction

1% 45%

13%

2% 15%

35% 21%

Total Costs (R$ MM)

5%

ViaQuatro + Traffic Postponements Basis update Provisions and

ViaQuatro energy

Financial Results Highlights

Better financial results reflects…

… appreciation of the real in relation to the dollar and lower monetary variation registered in the

period. 13

Net Financial Result (205.7) (169.1) -17.8%

- Result from Hedge Operation (43.4) (6.6) -84.8%

- Monetary Variation (14.5) (4.7) -67.4%

- Exchange Rate Variation on Loans, Financing and Debentures 26.1 14.7 -43.5%

- Present Value Adjustment of Maintenance Provision (19.5) (14.6) -25.2%

- Interest on Loans, Financing and Debentures (176.2) (176.3) 0.1%

- Interest and Investment Income and other Revenues 43.5 34.4 -21.1%

- Others¹ (21.7) (16.0) -15.6%

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

1Q11 1Q12 Chg %Net Financial Result (R$ MM)

Debt in March 31, 2012

Gross debt by indexer

Amortization Schedule

• Total gross debt: R$ 7.0 bi

• Net debt/ EBITDA: 1.9X

CDI80.7%

USD7.1%

IGP-M4.9%

TJLP4.6%

IPCA2.6%

Others0.1%

2012 2013 2014 2015 2016 from 2017 to 2023

2,156

1,001 862 838 799

208

282 204 86 55

16

2,368

1,491

1,109 965 895

180

Amortization Schedule

CDI Others USD

Debt

Reduction of leverage indexes…

...due to strong cash generation and maturation of recent projects.

14

Net Debt/ EBITDA LTM

1.5 1.51.6

1.9

2.5

2.32.2

2.3

2.11.9

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

3,0673,456

4,169

5,633 5,565 5,6306,186 6,152

5,893

Net Debt (R$ MM)

1.5 1.51.6

1.9

2.5

2.32.2

2.3

2.11.9

Net Debt/EBITDA (x)

Debt Structure and Amortization

After these refinancings, the new amortization schedule will reflect ...

... broaden financial capacity for new business.

* Total debt described in the amortization schedule set above does not consider transaction costs. 15

In R$ MM

Amortization 2012 - 2013 Expected schedule after refinancing

Amortization 2012 2013

AutoBan 912.4 304.1

SPVias 878.5 292.8

ViaOeste 160.1 159.5

NovaDutra 174.4 144.2

TOTAL 2,368.3 1,491.1

90% in 2012 e 60% in 2013

Projects performed and contracts in progress

Mandated financing

0

500

1,000

1,500

2,000

2,500

2012 2013 2014 2015 2016 From 2017

Current Target

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)

15

Via Lagos

Concession

Extension (2011)

2012:

• Airports: Quito, San

Jose and Curaçao

• Barcas

• Transolímpica

Track Record

CCR Track Record: diversification and new bids

Thank you