Ccro3 apresentacao ccr_day2016_eng
•
1 like•401 views
The agenda outlines the schedule for a CCR DAY event, including presentations on various CCR projects and business units from 9:30am to 3:40pm. Some of the featured presentations are on CCR Metrô Bahia works including the status of Line 1 and 2 stations and trains, CCR AutoBAn and CCR SPVias works, CCR ViaOeste projects, and CCR NovaDutra's request for new investments including projects in Serra das Araras.
Report
Share
More Related Content
Similar to Ccro3 apresentacao ccr_day2016_eng
Similar to Ccro3 apresentacao ccr_day2016_eng (17)
More from CCR Relações com Investidores
More from CCR Relações com Investidores (20)
Recently uploaded
Recently uploaded (20)
Ccro3 apresentacao ccr_day2016_eng
- 2. AGENDA 8h30 Registration and breakfast 09h30 Renato Vale Opening and welcome 10h00 to 10h30 Arnaldo Barbosa de Lima Jr. Ministry of Planning Development and Management 10h30 to 11h00 Marcelo Allain Government Civil House 11h00 to 11h20 Q&A 12h20 to 12h40 Leonardo Vianna New Businesses 12h40 to 13h00 Ricardo Bisordi International Expasion and Airports 13h00 to 13h20 Arthur Piotto Filho Financial Strategy 13h20 to 13h40 Renato Vale Closing 13h40 to 14h00 Discussions and Q&A 14h00 to 16h00 Lunch 11h40 to 12h00 Italo Roppa ViaQuatro/ São Paulo Roads e CCR Metrô Bahia 12h00 to 12h20 José Braz CCR NovaDutra/ CCR RodoNorte/CCR MSVia 11h20 to 11h40 Coffee break
- 3. VIDEO
- 4. Opening
- 5. CCRDAY - 12 YEARS OF CREDIBILITY AND PREDICTABILITY
- 6. CCR BUSINESS Enable solutions for Infrastructure Investments and Services, contributing to the Socio-economic and Environmental Development of the regions where we operate BUSINESS DEFINITION
- 8. CCR GROUP COMPANIES 2005 HIGHWAYS URBAN MOBILITY SERVICES AIRPORTS COMPANY PARTICIPATION COMPANY PARTICIPATION COMPANY PARTICIPATION COMPANY PARTICIPATION CCR Ponte CCR NovaDutra CCR ViaLagos CCR RodoNorte CCR AutoBAn CCR ViaOeste 100% 100% 100% 86% 100% 100% CCR Actua CCR Engelog CCR EngelogTec 100% 100% 100% STP 34%
- 9. CCR GROUP COMPANIES HIGHWAYS URBAN MOBILITY SERVICES AIRPORTS STP 34% COMPANY PARTICIPATION COMPANY PARTICIPATION COMPANY PARTICIPATION COMPANY PARTICIPATION ViaQuatro CCR Barcas VLT Carioca CCR Metrô Bahia 60% 80% 24,9% 100% CCR Actua CCR Engelog CCR EngelogTec 100% 100% 100% SAMM 100% Quito San Jose Curaçao BH Airport TAS QUIAMA 50% 48% 79% 38% 70% 50% STP 34% CCR RodoAnel Renovias CCR SPVias ViaRio CCR MSVia 99% 40% 100% 33,3% 100% 2016 CCR NovaDutra CCR ViaLagos CCR RodoNorte CCR AutoBAn CCR ViaOeste 100% 100% 86% 100% 100%
- 10. 20 YEARS OF CONCESSIONS Follow-on (April) CCR ViaOeste (October) EUA Follow-on 20 years of Concessions Program Terreno NASP Aditivos SP Aditivos Dutra QUIAMA CCR HAS A PROVEN TRACK RECORD, EITHER IN ACQUISIONS, DIVERSIFICATION OR NEW BIDS 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Concession Extension Marks Negotiations Acquisitions Concessions Awarded
- 11. COMPARISON IBOVESPA X IGC X CCR STOCKS Closing price CCR x IBovespa Base 100: 01/31/2002 (without dividends correction) FEB2002 FEB2003 FEB2004 FEB2005 FEB2006 FEB2007 FEB2008 FEB2009 FEB2010 FEB2011 FEB2012 FEB2013 FEB2014 FEB2015 NOV2016 IGPM Variation 203% and IPCA 160% until sep/16 0 500 1.000 1.500 2.000 2.500
- 14. HIGHLIGHTS 2016
- 15. Director of the Tax and Social Affairs Department – Secretariat of Planning – Ministry of Planning, Development and Management
- 16. Secretary for articulation to IPP investments and partnership
- 19. ViaQuatro/ CCR AutoBAn/ CCR SPVias/ CCR ViaOeste/ CCR Metrô Bahia
- 21. VIAQUATRO Luz Paulista Pinheiros Butantã República Faria Lima Fradique Coutinho Oscar Freire Mackenzie HigienópolisSão Paulo Morumbi Vila Sônia Phase 2 Phase 1
- 22. PHASE 1 Investments in trains and systems done 10 years in November 2016 Operation with quality and safety 970 million passengers transported until October 2016 Recognition of imbalances due to Implementation delay by the granting power
- 23. PHASE 1 PERMANENT INNOVATION PROGRAMS AND SERVICE IMPROVEMENT MEDIA MARKETING IN TUNNELS CARS OCCUPATION PANNELS AND SCHEDULED TRAIN ARRIVALS TRAINING WITH SIMULATOR
- 24. PHASE 1 LUZ STATION PINHEIROS STATION RUSH HOUR
- 25. JUN/11 OCT/11 APR/12 OCT/12 APR/13 OCT/13 APR/14 OCT/14 APR/15 OCT/15 APR/16 USERS HIGH SATISFACTION RATE IGS (07 Atributes – Contractual) USERS SATISFACTION RATE Source: DATAFOLHA 93,3 91,2 87,5 86,1 87,6 89,2 86,2 89,3 89,4 89,7 93,9 PHASE 01
- 26. PHASE 2 Investments in trains and systems (+15 trains) 11 already received Infrastructure works, under the São Paulo government responsibility: resumed NEW CIVIL WORKS CONCLUSION SCHEDULE: Higienópolis Station Oscar freire Station Yard extension Morumbi Station Vila Sônia Station Aug 2017 Nov 2017 Oct 2017 Feb 2018 Mar 2020 Source: SO issued by São Paulo State government in July 18, 2016
- 28. CCR AutoBAn WORKS IN JUNDIAÍ | APARECIDINHA COMPLEX Current status of Works In progress Total planned investment R$ 264 MM (base Jul/16) Additional time (marginal cash flow) 3 months and 17 days Jundiaí Complex Aparecidinha
- 29. CCR SPVias SP 255 | SP 127 WORKS Current status of works: In progress Total investment R$ 192.6 milhões (base Abr/16) Additional time (marginal cash flow) 11 months and 8 days Duplication of SP 255 | Avaré Implementation of frontage roads and access to industries in Tatuí | SP 127
- 30. CCR ViaOeste IMPLEMENTATION OF INTERSECTION DEVICE AT RAPOSO AND SERTANEJO ROADS Total planned investment R$ 25 MM Additional estimated time 25 days Work Schedule 6 months
- 31. CCR ViaOeste CASTELLO Total planned investment R$ 900 MM Estimated additional time 2 years Work Schedule 2 years Total planned investment R$ 195 MM Estimated additional time 6 months Work Schedule 1 year OSASCO
- 33. CCR METRÔ BAHIA WORKS Lapa Acesso Norte Pirajá Detran CAB Pituaçu Flamboyant Tamburugy Mussurunga Aeroporto Rodoviária Pernambués Imbuí Bairro da Paz Line 2 Stations Line 1 Stations Contract term 2043 (30 years) Total planned investment R$ 3.851 Bi (base Apr/13) Public Contribution (base Oct/13): • Total amount: R$ 2.283 Bi • Contribudion Due: Basically on time Beginning of Commercial Operation 02/jan/2016 Funding • Long Term: Solved Generated Jobs 8.500
- 34. LINE 1 Lapa Campo da Pólvora Brotas Bonocô Acesso Norte Retiro Bom Juá Pirajá Complexo de Manutenção Pirajá LAPA CAMPO DA PÓLVORA BROTAS
- 35. LINE 1 Lapa Campo da Pólvora Brotas Bonocô Acesso Norte Retiro Bom Juá Pirajá Complexo de Manutenção Pirajá BONOCÔ ACESSO NORTE RETIRO
- 36. LINE 1 Lapa Campo da Pólvora Brotas Bonocô Acesso Norte Retiro Bom Juá Pirajá Complexo de Manutenção Pirajá BOM JUÁ PIRAJÁ COMPLEXO DE MANUTENÇÃO PIRAJÁ
- 37. METRO – BUS INTEGRATION
- 38. INVESTMENT IN TRAINS Contracted: 34 trains Received: 26 trains
- 39. LINE 2 ACESSO NORTE STATION Acesso Norte Detran Rodoviária Pernambués Imbuí CAB Pituaçu Flamboyant Tamburugy Bairro da Paz Mussurunga Aeroporto
- 40. LINE 2 DETRAN STATION Acesso Norte Detran Rodoviária Pernambués Imbuí CAB Pituaçu Flamboyant Tamburugy Bairro da Paz Mussurunga Aeroporto
- 41. LINE 2 RODOVIÁRIA STATION Acesso Norte Detran Rodoviária Pernambués Imbuí CAB Pituaçu Flamboyant Tamburugy Bairro da Paz Mussurunga Aeroporto
- 42. LINE 2 PERNAMBUÉS STATION Acesso Norte Detran Rodoviária Pernambués Imbuí CAB Pituaçu Flamboyant Tamburugy Bairro da Paz Mussurunga Aeroporto
- 43. LINE 2 IMBUÍ STATION Acesso Norte Detran Rodoviária Pernambués Imbuí CAB Pituaçu Flamboyant Tamburugy Bairro da Paz Mussurunga Aeroporto
- 44. LINE 2 CAB STATION Acesso Norte Detran Rodoviária Pernambués Imbuí CAB Pituaçu Flamboyant Tamburugy Bairro da Paz Mussurunga Aeroporto
- 45. LINE 2 PITUAÇU STATION Acesso Norte Detran Rodoviária Pernambués Imbuí CAB Pituaçu Flamboyant Tamburugy Bairro da Paz Mussurunga Aeroporto
- 46. LINE 2 FLAMBOYANT STATION Acesso Norte Detran Rodoviária Pernambués Imbuí CAB Pituaçu Flamboyant Tamburugy Bairro da Paz Mussurunga Aeroporto
- 47. LINE 2 TAMBURUGY STATION Acesso Norte Detran Rodoviária Pernambués Imbuí CAB Pituaçu Flamboyant Tamburugy Bairro da Paz Mussurunga Aeroporto
- 48. LINE 2 BAIRRO DA PAZ STATION Acesso Norte Detran Rodoviária Pernambués Imbuí CAB Pituaçu Flamboyant Tamburugy Bairro da Paz Mussurunga Aeroporto
- 49. LINE 2 MUSSURUNGA STATION Acesso Norte Detran Rodoviária Pernambués Imbuí CAB Pituaçu Flamboyant Tamburugy Bairro da Paz Mussurunga Aeroporto
- 50. LINE 2 AEROPORTO STATION Acesso Norte Detran Rodoviária Pernambués Imbuí CAB Pituaçu Flamboyant Tamburugy Bairro da Paz Mussurunga Aeroporto
- 51. TERMINALS IN OPORATION Lapa Campo da Pólvora Brotas Bonocô Acesso Norte Retiro Bom Juá Pirajá Complexo de Manutenção Pirajá PIRAJÁ RETIRO Acesso Norte Detran Rodoviária Pernambués Imbuí CAB Pituaçu Flamboyant Tamburugy Bairro da Paz Mussurunga Aeroporto MUSSURUNGAACESSO NORTE
- 52. LINE 2 Line 2 stations Line 1 stations Lapa Acesso Norte Pirajá Detran CAB Pituaçu Flamboyant Tamburugy Mussurunga Aeroporto Rodoviária Pernambués Imbuí Bairro da Paz Opening 1° week – DEC16
- 53. DELIVERY
- 54. VIDEO
- 55. CCR NovaDutra/ CCR RodoNorte/ CCR MSVia
- 56. CCR NOVADUTRA 99,8% of contractual investments planned by Dec/2015 93,0% considering the total planned investments for the whole concession (Feb/2021) NEGOTIATION OF NEW INVESTMENTS IN THE CURRENT CONTRACT Request from 25 investments Priority worksANTT 3billion in das Araras1,7billion in Serra São Paulo Rio de Janeiro Actual ascending lane Actual ascending lane New ascending lane
- 57. SPECIAL CARGO DAILY AVERAGE - 2010 TO 2015 8 Special cargo pass by Serra das Araras per day North (Descending) South (Ascending) 1 5out of cargo trucks passing by the descending lane needs a lane reversion (counterflow) to go down Each lane reversion produces in average 3of traffic jam km taking1h 42to do it
- 58. RATES AT SERRA DAS ARARAS SECTION The following comparison shows that accident rates at Serra das Araras section are higher when compared to the whole highway. Data from 2015. RATES WHOLE HIGHWAY 402 km SERRA 8 km % VARIATION Accident rate 1,16 X 4,62 297% Death rate 1,64 X 1,85 13% Severity Index 2,69 X 7,45 177% Wound Index 51,18 X 64,67 26% Mortality index 1,59 X 1,85 16% Index of victims 52,82 X 66,51 28% Accident rate with victims 0,37 X 0,44 19%
- 59. CCR NOVADUTRA REDE GLOBO – RJTV NEWS 10NOV10/16
- 60. IMPACTS OF SERRA DAS ARARAS PROJECT LOSSES CAUSED BY POSTPONEMENT OF IMPLEMENTATION FOR 8 YEARS 1,2R$ Estimated social impact of BI caused by postponement R$134,8Mi Annual total loss in social benefits * Sources: DNIT/IME Field research 1997 / BID Program 2006 / DENATRAN Research 2001 / Updated by IGP-DI variation 5,000 The period of works will generate more than JOBS IMMEDIATE BENEFITS And new investments
- 61. CCR RODONORTE Current contract New investments in the R$1,5bi
- 62. Sonora Jaraguari Campo Grande Nova Alvorada do Sul Douradina Eldorado Mundo Novo Coxim Rio Verde de Mato Grosso Rio Brilhante Dourados Caarapó Naviraí Itaquiraí CCR MSVia THE HIGHWAY Duplication in 5 years Beginning of collection BR- 163 Highway extension 845,4 km 14/09/2015
- 63. CONTRACT DEADLINE Trabalhos Iniciais - Recuperação da rodovia para início da Arrecadação do Pedágio 11/09/2015 Frente de Ampliação de Capacidade - 85 Km para liberação do Pedágio 11/09/2015 Implantação de 9 Praças e Sistema de Arrecadação de Pedágio 11/09/2015 Centro de Controle Operacional - CCO 11/04/2015 Equipamentos de detecção e sensoriamento de pista - SAT 11/04/2016 18 PMV´s fixos 11/04/2015 17 PMV´s móveis 11/10/2014 Frente de Serviços Operacionais - Sistema de inspeção de tráfego 11/10/2014 Sistema de circuito fechado de TV - 452 câmeras 11/04/2016 Sistema de controle de velocidade - 13 radares 11/04/2015 Sistema de Atendimento Médico de emergência - com 17 âmbulâncias 11/10/2014 Sistema de atendimento de Socorro Mecânico de emergência - com 25 guinchos 11/10/2014 Sistema de Combate a incêndios e apreensão de animais 11/10/2014 Sistema de informação aos usuários 11/10/2014 Sistema de reclamações e sugestões dos usuários 11/10/2014 Sistema de comunicação 11/04/2015 Sistema de pesagem 11/04/2015 Sistema de guarda e vigilância patrimonial 11/10/2014 Posto de fiscalização ANTT 11/10/2014 Postos da Polícia Rodoviária Federal 11/04/2016 Implantação de 129 Km de Duplicação da Rodovia 11/04/2017 CCR MSVia ACCOUNTABILITY
- 64. Sonora Jaraguari Campo Grande Nova Alvorada do Sul Douradina Eldorado Mundo Novo Coxim Rio Verde de Mato Grosso Rio Brilhante Dourados Caarapó Naviraí Itaquiraí CCR MSVia WORK TIME Duplication in 5 years Andamento BR- 163 Extensão da Rodovia 845,4 km Previsto até Abril/ 2017 129 km
- 65. CCR MSVia WORK TIME Sonora Jaraguari Campo Grande Nova Alvorada do Sul Douradina Eldorado Mundo Novo Coxim Rio Verde de Mato Grosso Rio Brilhante Dourados Caarapó Naviraí Itaquiraí Duplication in 5 years Sonora Jaraguari Campo Grande Nova Alvorada do Sul Douradina Eldorado Mundo Novo Coxim Rio Verde de Mato Grosso Rio Brilhante Dourados Caarapó Naviraí Itaquiraí Current situation
- 66. CCR MSVia GDP | ACCUMULATED (IN %) Preview Real 0,0 3,2 6,6 10,4 0 -0,1 -4 -7,3 17,7 Projection Focus 11/04/16 2013 2014 2015 2016
- 67. CCR MSVia ABCR INDEX | ACCUMULATED (IN %) 0,0 2,8 -1 -6,5 6,5 (*)Data from December to September 2016 (**) Seasonal adjustment series 2013 2014 2015 2016
- 68. CCR MSVia VDMA | ACCUMULATED GROWTH (IN %) Real 0,0 6,4 13,8 22,9 0 6,4 -8 -8,9 8,9 2013 2014 2015 2016
- 69. CCR Nova Dutra VDMA | ACCUMULATED GROWTH (IN %) Real 0,0 4,7 9 13,7 0 1,5 -1,6 -4,7 4,7 2013 2014 2015 2016
- 70. GDP | ACCUMULATED (IN %) ABCR INDEX | ACCUMULATED (IN %) VDMA | ACCUMULATED GROWTH (IN %) (CCR MSVia) VDMA | ACCUMULATED GROWTH (IN %) (CCR NovaDutra) CCR MSVia COMPARISON (IN %)
- 71. CCR MSVia
- 72. New Businesses
- 74. FEDERAL HIGHWAYS NEW PROJECTS CP HIGHWAYS SECTION EXT. (KM) INVEST. (R$) DELIVERY CP 02 BR 476/153/PR e BR 153/282/480/SC Lapa - Chapecó 460 4,5 bi 15/01/2015 CP 03 BR 364/365/GO/MG Jataí - Uberlândia 437 3,1 bi 08/06/2015 CP 04 BR 163/MT e BR 163/230/PA Sinop - Miritituba 976 6,6 bi 14/05/2015 CP 05 BR 364/MT e BR 364/060/GO Rondonópolis - Goiânia 704 4,1 bi 14/05/2015 18,3 bi 1 BR 101 / BA Gandu - Feira de Santana 199 1,6 bi 25/04/2016 2 BR 101 / SC Palhoça - Divisa SC/RS 220 1,1 bi 29/04/2016 3 BR 262 / MS Campo Grande - Três Lagoas 327 2,5 bi Extinct 4 BR 267 / MS Nova Alvorada - Presid. Epitácio 249 2,0 bi Extinct 5 BR 280 / SC S.Francisco do Sul - Jaraguá - Porto União 307 2,1 bi 14/12/2016 6 BR 364 / RO / MT Comodoro - Vilhena - Porto Velho 806 6,3 bi Republished 7 BR 101 / 232 / PE Recife - Caruaru - Cruzeiro e Construção do Arco Metropolitano de Recife 564 4,2 bi 11/08/2016 8 BR 262 / 381 / MG BH - Divisa ES/MG 305 1,9 bi Extinct 9 BR 470 / 282 / SC Navegantes - Blumenau – Campos Novos - Vargem Bonita 455 3,2 bi 21/09/2016 10 BR 101 / 493 / 465 / RJ/SP Rio-Santos Trecho Carioca até Divisa do Estado e Arco Metropolitano do Rio 357 3,2 bi 29/04/2016 11 BR 101 / 116 / 290 / 386 / RS Osório - POA e Camaquá-Carazinho 581 12,0 bi 29/02/2016 4.370 40,1 bi
- 75. AIRPORTS PIL 2015 Pax 2015 (MM) 6,4 9,1 3,7 8,4 FORTALEZA SALVADOR FLORIANÓPOLIS PORTO ALEGRE Data based 2016 CS| Public Hearing no. 24/2016 Investment (R$ MM)1 1.370 2.300 960 1.900 Minimum Grant (R$ MM) 1.390 1.187 211 122 Main Investments Expansion of Terminal, Runway and Apron Expansionn of Terminal, Runway, Apron and Parking Lot; in addition to the construction of new parallel and independent runway Construction of new Terminal, Apron and Parking Lot Expansion of Terminal, Runway, Apron and Parking Lot 1 Estimated investment by the Government
- 77. STATE HIGHWAYS SP FLORÍNEA | IGARAPAVA Judgment criteirion Higher Value of Fixed Grant Florínea Igarapava TIME EXTENSION INVESTMENT DUPLICATION FIXED GRANT VALUE PUBLICATION OF NOTICE PROPOSAL SUBMISSION* 571 km R$ 3,97 bi 209 km R$ 794.501.296 30 YEARS 05/11/2016 22/02/2017 * Proposals differ up to 5% AUCTION
- 78. STATE HIGHWAYS SP TIME 747 km R$ 4,5 bi 274 km R$ 788.250.500 30 YEARS EXTENSION INVESTMENT DUPLICATION FIXED GRANT VALUE ITAPORANGA | FRANCA Judgment criteirion Higher Value of Fixed Grant Franca Itaporanga
- 79. STATE HIGHWAYS MG PMI nº 01/2015 Notice published by SETOP-MG in May 2015 to the presentation of studies (PMI) for concession of 28,000 4 proposals were submitted in November 2015: SETOP-MG ordered further studies to DER- MG and external consultancy LOT REGION EXTENSION (KM) CONTRAPRESTAÇÃO (R$mil) FIXED AWAY (R$mil) CAPEX (R$mil) Lot 1 MG-424 50 - 829.740 406.690 Lot 2 BR-135 370 - 814.632 1.665.843 Lot 5 Uberaba 194 - 383.012 741.363 Lot 4 Uberlândia 299 - 313.822 1.121.373 Lot 12 Nova Lima 56 - 180.795 270.831 Lot 9 Pouso Alegre 308 220.905 - 1.316.727 Lot 11 Ouro Preto 234 692.508 - 873.321 Lot 3 Araxá 343 715.748 - 1.330.960 Lot 6 BR-494/BR-265 380 742.184 - 1.540.557 Lot 7 BR-354 348 874.833 - 1.356.933 Lot 10 Juiz de Fora 266 880.285 - 1.098.319 Lot 8 Varginha 385 1.478.638 - 1.685.126 Totais 3.233 5.605.101 2.522.001 13.408.043 PURE CONCESSIONPPP We submitted a proposal with 12 lots, with 3,300 km between concessions with grant and PPPs. 3 other proposals were submitted, each with one section alone
- 81. URBAN MOBILITY MAIN PROJECTS R$ 20 billion Metrô SP Lines 5 and 17 0.9 billion VLT Carioca South Expansion 1,9 billion VLT Salvador 0,9 billion Intercities train SP 5,4 billion Metrô BH 1,7 billion Line 3 Niterói 3.0 billion Metrô Curitiba 4.5 billion Metrô Porto Alegre 2.5 billion CPTM Lines 8 and 9 n.d. Monorail Line 15 – SP n.d.
- 82. METRO LINES 5 and 17 2 1 9 9 LINHA LILÁS 5 LINHA OURO 17 270.000 pax/day 9,6 km long Elevate / Tunnel 7 Stations 8 Trains 1 Park in lot 85.000 pax/day +7,9 km long Elevated Monorail + 8 Stations + 1 Parking and maintenance Yard + 14 Trains Delivery planned for 2018 Current (Capão Redondo Adolfo Pinheiro) Under Implementation (Adolfo Pinheiro – Chácara Klabin) Line 17 - Gold5 5 17 770.000 pax/day + 11 km long Underground + 10 Stations + 1 Parking and maintenance yard + 26 Trains Complete delivery planned for 2018 • Public Hearing carried out on Sep 23, 2016 • Possible Notice Publication for Public Consultation still in 2016
- 84. 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Follow-on (april) CCR ViaOeste (October) USA Follow-on 20 years of Concessions Program Terreno NASP Aditivos SP Aditivos Dutra CR PORTFOLIO EVOLUTION CCR portfolio is growing and becoming diversied Exclusive activities in Brasil Internationalization by means of entering the airport sector Concession Extension Marks Negotiations Acquisitions Concession Awarded
- 85. DEVELOPMENT OF HIGHWAYS CONCESSION IN BRAZIL Brazil has cyclic country, and the need of ensuring a pipeline requires the Company to be alert and consider other markets beyond borders 1st stage of highways concessions in SP CCR AutoBan, SPVias CCR ViaOeste, Renovias, etc 1st wave of highways concessions CCR NovaDutra, Ponte, Concer, CRT and Concepa 1996-1997 2006 2007-2009 2012 2013-2014 1st PPP in the country For the operations and maintenance of Line 4- Yellow of SP Metro 2nd stage of highways concessions in SP Ringroad, Dom Pedro I, Ecopistas, etc 2nd wave of highways concessions Régis, Fernão Dias, Transbrasiliana, etc 1st wave of airports concession Guarulhos (SP), Brasília (DF) and Viracopos (SP) 2nd wave of airports concession Confins (MG) and Galeão (RJ). 3rd wave of highways concessions CCR MSVia, CRO, BR040, Concerba, etc
- 86. INTERNATIONALIZATION STRATEGY • Different approaches due to the strategic focus and the relevance of the opportunities • Suitable partners A APPROACH • Segments with greater potential in generating synergies • Segments which CCR is already experienced • Greater cultural proximity • Attractive investment context (risk/return) • Expectation of high volume of opportunities SEGMENTSB GEOGRAPHYC OUTCOMESD • Suitable outcomes to the structure policy and capital discipline of the Group. PRINCIPLES
- 87. INTERNATIONAL EXPANSION The focus of international expansion is restricted to Airport and Highway segments Leverage expertise Facilitate entranceOptimize acquisitions Accelerate ramp-up SELECTED SEGMENTS Highways Airports
- 88. International Expansion and Airports
- 90. INTERNATIONAL EXPANSION 4 2 1 Investment vehicle Participation of 48,75% at Aeris Holding Costa Rica (2012) Concession time 25 years (expiration in 2026) # of passengers annually 4,3M Investment vehicle Participation of 79,8% at Curaçao Airport Investments (2012) Concession time 30 years (expiration in 2033) # of passengers annually 1,6M 1 San José International Airport 2 Curaçao International Airport 3 Quito International Airport 4 Belo Horizonte Airport Investment vehicle Participation of 50,0% at Corporación Quiport (2012) Concession time 30 years (expiration in 2041) # of passengers annually 6,0M Investment vehicle Participation of 38,25% at AeroBrasil Concessionaire (2013) Concession time 30 years (expiration in 2044) # of passengers annually 8,9M (2014 CCR acquired relevant airport assets as part of its internationalization and diversification strategy 3
- 91. USA STRATEGY – CCRDAY 2015
- 92. INTERNATIONAL EXPANSION WHAT HAS ALREADY BEEN DONE: • TAS acquisition • Creation of CCR USA Airport Management • Local team of executives contracted CCR USA OUTCOMES ACHIEVED: • Better knowledge of local market • Relationship with key stakeholders (Authorities and airlines) • Market mapping and opportunities: • Identified an unstructured market with no clear and defined processes • Deterioration of the airport sector • Estimated necessary investment of $75Bi 25 opportunities identificed T T T T T T T T
- 94. VIDEO BH AIRPORT
- 95. TERMINAL 2
- 96. TERMINAL 1
- 97. BH AIRPORT WORKS OF PHASE I-B Conclusion scheduled for November 2016 Conclusion initially scheduled for April 2016 Terminal 1 / Terminal 3 / Airside R$ 230 MM INVESTMENTS ALREADY MADE: INVESTMENTS ON TERMINAL 2 • New Passengers Terminal • 50,000 meters and 16 Boarding Bridges • 1,800 parking spaces • Adequacy of Roadways • R$ 592 million R$ 822 MM TOTAL INVESTMENT:
- 98. BH AIRPORT CONTRACTUAL REGULARITY FROM THE CONCESSIONAIRE SIDE • Fulfillment of obligations on time • Grant of R$ 76 million 2016 paid on court FROM THE PUBLIC POWERSIDE • Breach of realization and conclusion of works • Works scheduled for 2014 World Cup undone Estimated values by BHA Base 2015 Potential balance of pending works R$ 273 MMR$213MM R$175MM R$9MM R$397MM BHA Budget R$124MM R$60MM R$55MM R$9MM Crucial undertaken by BHA AIRSIDE TPS1 TPS3
- 99. USER SATISFACTION 1T13 2T13 3T13 4T13 1T14 2T14 3T14 4T14 1T15 2T15 3T15 4T15 1T16 2T16 3T16 Source: SAC Research (Secretaria de Aviação Civil) – scale of 0 to 5 3,61 4,01 3,94 3,96 3,88 3,93 3,71 3,81 3,88 4,05 4,15 4,1 4,13 4,2 BH AIRPORT
- 100. FUTURE DELIVERIES
- 101. Financial Strategy
- 102. Considering CCR meets the necessary conditions for continue adding value to shareholder without giving up on the capital discipline and selectivity. Potential of new growth opportunities Access to capital markets granted by the financial strategy tripod The best economic viability of assets to be bid Greater dependece on private funding+ + + = Infrastructure, still a long way to go...
- 103. In this scenario, is CCR financial strategy still suitable for a scenario of new business perspectives? YES.WHY?
- 104. Committment of paying a minimum of 50% of net profit as dividends Company growth will be funded through leveraging Indebtedness of 3.0x Net Debit/EBITDA PILLARS OF FINANCIAL POLICY
- 105. Net Debt/EBITDA (x) Net Debt (R$ Bi) 1T12 2T12 3T12 4T12 1T13 2T13 3T13 4T13 1T14 2T14 3T14 4T14 1T15 2T15 3T15 4T15 1T16 2T16 3T16 3T16 Ex-STP EBITDA in 3T16 includes non recurrent R$ 1,307.7 million ref to participation sale in STP. Excluding this effect, Net Debt/EBITDA indicator in September 2016 would be 2.9 x, pro forma. 5,9 6,3 6,3 7,2 7 6,9 6,6 7,6 7,6 7,9 8,1 9,6 9,8 10,4 10,7 12,4 13 13,9 13,3 13,3 1,9 2 1,9 2,2 2,1 2 1,8 2 1,9 2 2 2,3 2,4 2,5 2,5 3 3 3,1 2,2 2,9 PROGRESS OF INDEBTEDNESS AND ADDITIONAL LEVERAGING CAPACITY R$ BI 7,6 2,7 Additional capacity reaching 3.5 x Net DebtEBITDA Additional capacity
- 106. SOURCES & USES ANNUAL PROGRESS Financial Expenses Net Debt Var. 2008 2009 2010 2012 2014 2016E 2018E 2011 2013 2015 2017E EBITDA Dividends paid E: arithmetic mean of the figures in the Independent Research Reports, in November 2016: (i) Banco BTG Pactual S.A.; (ii) Banco JP Morgan S.A.; (iii) Banco de Investimentos Credit Suisse (Brasil) S.A.; e (iv) Banco Bradesco BBI S.A. Financial Expenses: Interest, MV, Fees, Commissions, Hedge, Swap and Foreign Exchange Variation. Investments
- 107. 4,6 4,7 3,9 4,4 4,5 5,1 4,3 4,6 DIVIDENDS HISTORY R$ MILLIONS Dividends received Dividends paid (cash) 2009 2010 2011 2012 2013 2014 2015 2016E Dividend Yield: average price year 2016 until 08/Nov. Source: 2016 (E) arithmetic mean of the figures in the Independent Research Reports, in November 2016: (i) Banco BTG Pactual S.A.; (ii) Banco JP Morgan S.A.; (iii) Banco de Investimentos Credit Suisse (Brasil) S.A.; e (iv) Banco Bradesco BBI S.A. Dividend Yield (in %) 798 777 1.533 1.266 1.345 1.620 1.080 1.550 609 852 803 1.054 1.301 1.400 1.051 1.250
- 108. 34,6 34,9 35,8 45,2 24,6 21,4 28 35 38,8 36,8 22,4 31,4 32,3 41,8 ROE (in %) Net Profit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E 2017E 2018E E = Bloomberg market consensus (extracted on Nov/9/16) 500 547 580 714 709 672 899 1.177 1.351 1.349 874 1.419 1.354 1.883 FOCUS ON PROFITABILITY - ROE R$ MILLIONS RodoNorte ViaQuatro Renovias RonoAnel Oeste Samm Follow-on SPVias VLT, Metrô Bahia, BH Airport, MSVia ViaRio, Barcas, Quito, San José, Curaçao
- 109. CREDIBILITY, A VALUABLE ASSET FOR CCR WHAT WE DELIVER: Clear Strategy Selectivity Capital Discipline Efficient Use of Balance Operational Optimization OUR SPEECH: 18% of Ebitda CAGR 33% of Dividends CAGR Despite repeated delays in bids pace. * EBITDA CAGR from 2002-2015 and dividends CAGR from 2003-2016.
- 110. NEW OPPORTUNITIES New Opportunities New Brazil Favorable macroeconomic cycle Greater dependence on private funding Concessions and privatizations are a consensus Infrastructure = +
- 111. AGE INVITATION
- 112. Closing
- 114. 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Follow-on (April) CCR ViaOeste (October) USA Follow-on 20 years of Concessions Program Terreno NASP Aditivos SP Aditivos Dutra 20 YEARS OF CONCESSIONS CCR portfolio is growing and being diversified Exclusive activities in Brasil Internationalization by means of entering the airport sector Concession Extension Marks Negotiations Acquisitions Concession Awarded
- 115. CASH DIVIDENDS HISTORY R$ MILLIONS 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 9M16 Dividend Yield Net Profit 183 263 500 547 580 714 709 672 899 1177 1351 1349 874 15442,2 4,2 4,8 3,8 3,9 [VALOR],0 4,6 4,7 3,9 3,7 3,9 4,6 4,3 4,616 58 61 65 92 85 85 127 90 90 96 104 120 81 % % 1 Payout 1 average price CCR03 unti Spt/16: R$15,33
- 116. SOCIAL INVESTMENT DIRECT AND ENCOURAGED INVESTMENTS2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E 2017E 2018E 2019E 2020E 13 years R$ 187 million Next 5 years more than R$ 200 million (E)
- 117. SOURCES & USES ANNUAL PROGRESS Financial Expenses Net Debt Var. 2008 2009 2010 2012 2014 2016E 2018E 2011 2013 2015 2017E EBITDA Dividends paid Investments E: arithmetic mean of the figures in the Independent Research Reports, in November 2016: (i) Banco BTG Pactual S.A.; (ii) Banco JP Morgan S.A.; (iii) Banco de Investimentos Credit Suisse (Brasil) S.A.; e (iv) Banco Bradesco BBI S.A. Financial Expenses: Interest, MV, Fees, Commissions, Hedge, Swap and Foreign Exchange Variation.
- 118. 34,6 34,9 35,8 45,2 24,6 21,4 28 35 38,8 36,8 22,4 31,4 32,3 41,8 ROE (in %) Net Profit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016E 2017E 2018E 500 547 580 714 709 672 899 1.177 1.351 1.349 874 1.419 1.354 1.883 FOCUS ON PROFITABILITY ROE R$ MILLIONS RodoNorte ViaQuatro Renovias RodoAnel Oeste Samm Follow-on SPVias VLT, Metrô Bahia, BH Airport, MSVia ViaRio, Barcas, Quito, San José, Curaçao E = Bloomberg market consensus (extracted on Nov/9/16)
- 119. PILLARS FOR GROWTH Qualified Growth Capital Discipline Corporate Governance People managementSustainability
- 120. Clear, defined and public strategy Controller Partners with same goals and vision Qualified employees in ongoing development process Solid financial structure Access to capital markets Strong dividends policy Inserted in markets with upside potential Qualified growth and sustainable development WHY INVESTING IN CCR?