Earnings Results 3Q15 October, 2015

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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.

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Agenda

Highlights

Results Analysis

Perspectives

TRAFFIC:

Proforma consolidated traffic1,excluding Ponte and MSVia, fell by 1.8% in 3Q15.

TOLLS COLLECTED BY ELECTRONIC MEANS:

The number of STP users increased by 10.4% over September 2014, reaching

5,098,000 active tags.

ADJUSTED EBITDA:

Same-basis2 adjusted proforma EBITDA increased by 8.8%, with an margin of 67.8%

(+0.5 p.p.).

NET INCOME:

Same-basis2 net income totaled R$352.0 million, a 0.7% reduction in 3Q15.

DIVIDENDS:

CCR’s Board of Directors’ meeting held on October 2 approved the payment of interim

dividends of R$0.49 per common share, to be paid as of October 30.

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3Q15 Highlights

1 Including the proportional traffic of Renovias. 2 “Same-basis” amounts exclude: (i) BH Airport; (ii) new businesses, which were not operating in 3Q15: Metrô Bahia,, MSVia, VLT e ViaRio; (iii) Ponte, whose

agreement ended on May 31, 2015; (iv) non-recurrents of reversals of labor provisions in Barcas in 3Q14 and tax provisions in AutoBAn in 3Q15; and Controlar

1- Net revenue excludes construction revenue.

2- “Same-basis” amounts exclude: (i) BH Airport; (ii) new businesses, which were not operating in 3Q15: Metrô Bahia and MSVia; (iii) Ponte, whose agreement ended on

May 31, 2015; (iv) non-recurrents of reversals of labor provisions in Barcas in 3Q14 and tax provisions in AutoBAn in 3Q15; and (v) in profit and pro-forma comparisons, it

excludes Controlar, ViaRio and VLT.

3- Calculated by adding net revenue, construction revenue, costs of services and administrative expenses

4- The adjusted EBIT and EBITDA margins were calculated by dividing EBIT and EBITDA by net revenue, excluding construction revenue, as required by IFRS.

5- Calculated excluding non-cash expenses: depreciation and amortization, the provision for maintenance and the recognition of prepaid concession expenses.

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Financial Highlights – 3Q15

Net Revenues1 1,458.7 1,555.0 6.6% 1,663.9 1,806.4 8.6%

Adjusted Net Revenues on the same basis2 1,394.9 1,477.0 5.9% 1,599.1 1,727.7 8.0%

Adjusted EBIT3 700.6 697.4 -0.5% 796.2 807.8 1.5%

Adjusted EBIT Mg.4 48.0% 44.8% -3.2 p.p. 47.9% 44.7% -3.2 p.p.

EBIT on the same basis2 722.4 740.6 2.5% 820.5 853.2 4.0%

EBIT Mg. on the same basis2 51.8% 50.1% -1.7 p.p. 51.3% 49.4% -1.9 p.p.

Adjusted EBITDA5 951.0 968.1 1.8% 1,077.4 1,117.8 3.7%

Adjusted EBITDA Mg.4 65.2% 62.3% -2.9 p.p. 64.8% 61.9% -2.9 p.p.

Adjusted EBITDA on the same basis2 947.7 1,019.3 7.6% 1,076.5 1,171.2 8.8%

Adjusted EBITDA Mg. on the same basis2 67.9% 69.0% +1.1 p.p. 67.3% 67.8% +0.5 p.p.

Net Income 346.1 247.0 -28.6% 346.1 247.0 -28.6%

Net Income on the same basis2 354.5 352.0 -0.7% 354.5 352.0 -0.7%

Proforma

Financial Indicators (R$ MM) 3Q14 3Q15 Chg %

IFRS

3Q14 3Q15 Chg %

AutoBAn NovaDutra Rodonorte Via Lagos ViaOeste Renovias Rodoanel SPVias

-1.3

-8.6

-3.2

2.4 0.2

-0.9 -1.5

3.11.9 3.21.5

9.35.3

3.4

10.87.8

Traffic Toll Revenues

3Q10 3Q11 3Q12 3Q13 3Q14 3Q15

254,023

224,970

248,936 256,560 275,606 271,966

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Traffic – Quarter Change (Proforma*)

Consolidated – Equivalent Vehicle

Revenue and traffic 3Q15 X 3Q14 (%)

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

Excluding Ponte

and MSVia

251,703 (-1.8%)

3Q12 3Q13 3Q14 3Q15

68% 70% 71% 70%

32% 30% 29% 30%

Electronic Cash

3Q12 3Q13 3Q14 3Q15

87% 83% 83% 78%

13% 17% 17% 22%

Toll Others

AutoBAn26.6%

NovaDutra15.6%

ViaOeste13.0%

RodoNorte8.3%

Airports9.2%

SPVias7.9%

STP3.9%

RodoAnel3.3%

ViaQuatro3.1%

Barcas2.2%

Renovias2.2%

ViaLagos1.3%

MSvia0.7%

Others2.7%

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Revenue Analysis (Proforma*)

Payment Means

Gross Operating Revenues Gross Revenue Breakdown

* Including the proportional results of jointly-owned subsidiaries.

3Q14 Depreciationand

Amortization

Third-partyServices

GrantingPower andAdvanced

Expenses

PersonnelCosts

ConstructionCosts

MaintenanceProvision

OtherCosts

3Q15 NewProjects

and Ponte

AutoBAnNon-recurrent

3Q15SameBasis

1,234

1,498

855

26 19 6 20

161 (6) 39 (628)

(14)

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IFRS Costs Evolution (3Q15 X 3Q14)

Total Costs (R$ MM)

Construction of Service Roads, Duplication, New Projects and

Ponte

New Projects, Direct Costs and Ponte

New Projects, Wage Increase

and Ponte

Performed Work and

New Projects

Same-basis

Cash Cost:

+2.0%

Reduction in the Provision on RodoNorte

New Projects, Ponte and Tax Provision on

AutoBAn (Non-recurrent)

10% 12%

34% 21%

15%

(12)% 48%

7%

3Q14Proforma

EBITDA

3Q15Proforma

EBITDA

NewProjects

and Ponte

AutoBAnNon-recurrent

3Q15Proforma

EBITDASameBasis

1,0771,118

14 1,17139

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Proforma EBITDA*

64.8%

of Mg.

61.9%

of Mg. 67.8%

of Mg.

* Adjustment excluding: (i) BH Airport; (ii) new businesses, which were not operating in 3Q15: Metrô Bahia and MSVia; (iii) Ponte, whose agreement ended on May

31, 2015; (iv) non-recurrents of reversals of labor provisions in Barcas in 3Q14 and tax provisions in AutoBAn in 3Q15; and (v) Controlar, ViaRio and VLT

*

R$ MM

3Q14

Ex New Projects

R$ MM 1,076

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IFRS Financial Results

• Chg. of average CDI 3Q15 X 3Q14 = +3.2 p.p.

• Gross Debt = R$ 12.9 B (+40.4%)

R$ MM

Change on

the Proforma

Same-basis:

46%

67%

3Q14 NetFinancial Result

Income fromHedge Operation

Monetary variation on loans, financing

and debentures

Monetary Variation on Liabilities related

to the Granting Power

Exchange Rate Variation on Loans,

Financing and Debentures

Present Value Adjustment of

Maintenance Provision and

Liabilities related to the Granting Power

Interest on Loans, Financing and

Debentures

Investment Income and Other Income

Fair Value ofHedge Operation

Others 3Q15 NetFinancial Result

(219.1)

(3.1) (365.8)

172.0

(24.8) (32.6)

(301.6) (5.9)

(76.6) 22.5103.4

3Q14Net

Income

3Q15Net

Income

NewProjects

and Ponte

AutoBAnNon-recurrent

3Q15Net Income

SameBasis

346

247

95 10 352

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Net Income

R$ MM

Ex New

Projects

R$ MM 355

* Adjustment excluding: (i) BH Airport; (ii) new businesses, which were not operating in 3Q15: Metrô Bahia and MSVia; (iii) Ponte, whose agreement ended on May

31, 2015; (iv) non-recurrents of reversals of labor provisions in Barcas in 3Q14 and tax provisions in AutoBAn in 3Q15; and (v) Controlar, ViaRio and VLT.

*

CDI86.9%

TJLP8.8%

IPCA3.7%

USD0.6%

CDI59.7%IPCA

20.0%

USD11.5%

TJLP8.8%

Gross hedged debt by indexer

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Debt in September 30, 2015 Gross debt by indexer

Amortization Schedule (R$ MM)

• Total Gross Debt: R$ 13.1 B

(R$14.5 B pro-forma)

• Net Debt / EBITDA: 2.7x

2015 2016 2017 2018 From2019

1,020

4,392

2,112236

39

377

852

275

CDI USD Others

1,5281,207

3,313

5,902

1,127

Hedged

Not hedged

6,6007,609 7,620 7,859 8,081

9,562 9,82610,413 10,734

9,615 9,820

1.82.0 1.9 2.0 2.0

2.3 2.4 2.5 2.5 2.6 2.7

-2.5

-1.5

-0.5

0.5

1.5

2.5

3.5

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 2Q15 3Q15

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

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Debt

Net Debt / EBITDA LTM

IFRS10 and 11

Pro-forma Data

R$ MM

The leverage ratio reflects the need to invest in new business, …

... but not yet include the potential cash generation of those.

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Realized Investments and Maintenance

1- The investments made by the Company, which will be reimbursed by the granting authority as monetary consideration or contribution, compose the financial

assets.

2- For 100% of the project, the total investment was R$401.2 million, of which R$85.8 million is related to the portion of the Concessionaire and R$315.4 million

to the Granting Authority.

3- Includes CCR, MTH, CPC, SPCP and eliminations.

3Q15 3Q15 3Q15 3Q15

AutoBAn 13.9 5.7 19.7 12.3 0.0

NovaDutra 35.3 5.6 40.9 9.8 0.0

ViaOeste 21.3 3.3 24.6 0.7 0.0

RodoNorte (100%) 35.5 1.2 36.7 8.8 0.0

Ponte 0.0 0.0 0.0 0.0 0.0

ViaLagos 4.6 1.4 6.0 1.6 0.0

SPVias 8.2 2.4 10.6 8.5 0.0

ViaQuatro (58%) 11.8 0.9 12.7 0.0 4.5

Renovias (40%) 5.7 0.5 6.2 5.5 0.0

RodoAnel (100%) 1.9 0.7 2.6 0.1 0.0

SAMM 2.3 6.2 8.5 0.0 0.0

ViaRio2 (33.33%) 28.6 0.0 28.6 0.0 0.0

Quito 11.7 0.4 12.1 0.0 0.0

San José 12.2 0.1 12.3 0.0 0.0

Curaçao 10.9 0.0 10.9 0.0 0.0

Barcas 0.9 0.3 1.2 0.0 0.0

VLT (24.88%) 24.7 -2.3 22.4 0.0 24.3

Metrô Bahia 103.6 5.6 109.2 0.0 241.7

BH Airport 30.3 15.2 45.4 0.0 0.0

MSVia 184.4 23.4 207.8 0.0 0.0

STP (34.24%) 3.2 21.4 24.7 0.0 0.0

Other3 -0.3 5.9 5.6 0.0 0.0

Consolidated 550.7 98.0 648.7 47.3 270.5

3Q15

Proforma Financial

Asset1

R$ MM

Intangible AssetsPerformed

maintenance

ImprovementsEquipments and

OthersTotal Maintenance Cost