-- Traffic grew by 7.3% in the 4Q08 and 8.4% in 2008. Excluding Renovias
and RodoAnel Oeste, traffic grew by 2.0% in the 4Q08 and 6.0% in 2008.
-- Net revenue stood at R$ 734.4 million (+15.9%) in the 4Q08 and
R$ 2,734.2 million (+16.2%) in 2008.
-- EBIT totaled R$ 377.2 million (+33.2%) in the 4Q08 and R$ 1,367.9
million (+22.7%) in 2008.
-- The EBIT margin reached 51.4% (+6.7 p.p.) in the 4Q08 and 50.0% (+2.6
p.p.) in 2008.
-- EBITDA came to R$ 473.1 million (+29.2%) in the 4Q08 and R$ 1,731.8
million (+20.1%) in 2008.
-- The EBITDA margin reached 64.4% (+6.6 p.p.) in the 4Q08 and 63.3%
(+2.0 p.p.) in 2008.
-- Net income totaled R$ 188.8 million (+42.9%) in the 4Q08 and R$ 713.6
million (+23.1%) in 2008.
-- The number of AVI users rose 43.5% compared to the 4Q07, totaling
1,303,000 active tags.
-- On December 17, 2008, all the 13 (thirteen) toll plazas of RodoAnel
Oeste began operations.
-- On February 9, 2009, CCR informed its shareholders and the market in
general that, together with its subsidiary Companhia de Participações em
Concessões (CPC) and Brisa Participações e Empreendimentos Ltda., it
entered into an irrevocable and irreversible Share Purchase Agreement
subject to Suspensive Conditions with CS Participações Ltda., its
shareholders and its subsidiary BR Inspeções S.A. by which CPC acquired
shares representing 45% of the capital stock of Controlar S.A.
-- The Company's Management proposes an additional dividend payment to
its shareholders, referring to 2008, of R$ 0.35 per share, totaling
R$ 141.1 million, to be submitted to the approval of a General
Shareholders' Meeting. This additional dividend payment will be made at two
moments throughout 2009: R$ 0.25 on April 30, 2009 and R$ 0.10 by the end
of the year. Considering the anticipation of dividends of R$ 1.00 per share
paid on September 30, 2008, payout came to 76.3% for the fiscal year of
2008.
Financial 4Q07 2007 Highlights Reclas- Change Reclas- Change (R$ MM) sified 4Q08 % sified 2008 % Net Revenue 633.8 734.4 15.9% 2,353.0 2,734.2 16.2% EBIT 283.2 377.2 33.2% 1,114.4 1,367.9 22.7% EBIT Margin 44.7% 51.4% +6.7 p.p. 47.4% 50.0% +2.6 p.p. EBITDA 366.2 473.1 29.2% 1,442.2 1,731.9 20.1% EBITDA Margin 57.8% 64.4% +6.6 p.p. 61.3% 63.3% +2.0 p.p. Net Income 132.1 188.8 42.9% 579.7 713.6 23.1% Net Debt/ EBITDA LTM 0.84x 1.52x - 0.84x 1.52x - EBITDA / CAPEX 2.49x 1.23x - 2.82x 2.17x - EBITDA / Interest and Monetary Variation 4.81x 5.12x - 5.86x 5.60x -Comments From The CEO Renato Alves Vale: "Once again, it is with great pleasure that we announce to our shareholders and the market the excellent results CCR obtained in 2008. "CCR has presented solid traffic growth and has also shown competence and capital discipline in acquiring differentiated businesses, such as RodoAnel Oeste, 40% interest in Renovias and the recent agreement for the acquisition of Controlar, the company responsible for environmental vehicle inspections in São Paulo city. We can clearly demonstrate that in the last 5 years CCR has substantially increased its key financial indicators, with an upturn of 88% in gross revenue, 128% in EBITDA, 171% in net income and 303% in dividend distribution in this period. "As a result, CCR continues to be recognized by the market, investors and shareholders as a company focused on profitability and capital discipline which seeks to implement infrastructure solutions and investments that contribute to the social and economic development of the areas where it operates. "As for the current global economic crisis, we emphasize that the Company's low leverage, without any speculative instruments or risk derivatives, together with our conservative cash management, places us in a favorable position to better handle the turbulence and evaluate the opportunities that will certainly arise. "Operating excellence, healthy relationships with all our stakeholders, the provision of high-quality public services and cost control remain the guiding principles of CCR Group's operations. We are constantly implanting innovative internal initiatives to ensure that management systems and competitiveness are always in line with the new business scenario, optimizing the structures of each business unit, simplifying processes and, especially, recognizing the value of our employees." Presentation of Results While preparing the financial statements for 2008, the Company, for the first time, adopted the changes introduced by Law 11,638, approved on December 28, 2007, with the respective changes introduced by the Provisional Presidential Decree 449, of December 3, 2008. In accordance with said legislation, the Company has opted to prepare and present its financial statements for 2007, taking into account the retrospective effect of the changes in said legislation. The adjustments resulting from the initial adoption of Law 11.638/07 and the Provisional Presidential Decree 449/08 are detailed in the Explanatory Note 3 of the Standardized Financial Statements (DFP). Upcoming Events Conference Calls
Portuguese: English:
Wednesday, March 11, 2009 Wednesday, March 11, 2009
10:30 a.m. (US EST) / 12:00 p.m. (US EST) /
11:30 a.m. (Brazil time) 1:00 p.m. (Brazil time)
Phone: 11 2188-0188 Phone: +1 (412) 858-4600
Code: CCR Code: CCR
Replay: 11 2188-0188 Replay: +1 (412) 317-0088
Code: CCR Code: 427290#
Webcast: www.grupoccr.com.br/ri Webcast: www.grupoccr.com.br/ir
Contact Information: IR Contacts: Flavia Godoy + 55 11 3048-5955 Gildo Rodrigues +55 11 3048-5938 Danilo Cabrera +55 11 3048-6353