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New Horizons: Perpetuity with Sustainable Development São Paulo, November 19, 2010

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Page 1: Cc rday ing

New Horizons: Perpetuity with Sustainable Development

São Paulo, November 19, 2010

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Meeting Schedule

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Meeting Schedule

SUBJECT LECTURER THEME TIME

Registration and breakfast 8 am - 8:30 am

Opening and Introduction Márcio Batista Welcome 8:30 am - 8:40 am

Retrospective Arthur Piotto 2010

8:40 am - 9:30 amMacro-economical Scenario

Jurandir Fernandes Transportation SP 9:30 am - 10:30 am

Coffee Break 10:40 am - 11 am

Growth of Current Portfolio 11:15 am - 11:35 am

Infrastructure Scenario

Economy

10:30 am - 10:40 am

Growth of Current Portfolio 11:35 am - 11:50 am

Financial Strategy Arthur Piotto Financial 12:30 pm - 12:50 pm

Questions and Answers 1 pm - 1:20 pm

Closing Lunch 1:20 pm - 3 pm

Growth - New Businesses Leonardo Vianna 11:50 am - 12:30 pm

Gustavo Loyola

Final Consideration Márcio Batista Closing

Current PortfolioJosé Braz

Opportunities

Italo Roppa

12:50 pm - 1 pm

Current Portfolio

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Opening

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Macro-economical Scenario

Perspectives for Brazil

Gustavo Loyola

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Metropolitan Transportation in SP

Perspectives

Jurandir Fernandes

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Retrospective

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In the last CCR Day…

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add value in several ways:But we can

1 Developing the Current Portfolio

• Traffic Growth• Increase of Operational Efficiency• Additional Investments in the Portfolio• Optimization of the Capital Structure (Re-leverage)

2 Developing New Businesses

• Road Secondary and Primary Markets• Subways and Light Rails• Urban Mobility• Logistics

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Coffee Break

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Current Portfolio

Developing the Potential

Italo Roppa

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1 Traffic Growth • Low Density of Vehicles per Inhabitant in Brazil• Expectation of Strong Economic Growth • Perspective of Credit Growth

2 Addendum to Agreements

• Investments for the Improvement of Vehicles Flow• Increase of the Managed Road Network• Expansion of the Road Capacity

still shows a great unexplored potential:The current portfolio

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Traffic

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Traffic

Penetration of Vehicles – Motorization vs. per capita GDP

China

Mexico

BrazilChile

PolandCzech Republic

SpainJapan

Belgium Netherlands

FranceItaly

USA

Nominal Per Capita GDP (US$)

Mot

oriz

atio

n pe

r 1,0

00

inha

bita

nts

• The strong credit expansion allowed a great acceleration in the sales of vehicles;

• However, the vehicle/inhabitant ratio in Brazil is still in quite low levels

Sales of Vehicles - Brazil (Million)

CAGR – 3%CAGR – 11%

CAGR – 4%

CAGR – 7%CAGR 05-10: 18.7%

Vehicles Fleet - Brazil (Million)

CAGR 05-10: 6.5%

*Source: Roland Berger/Anfavea/CCR

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Traffic 2010H

ighl

ight

s

2RodoAnel • The traffic in the concessionaire grows firmly

1ConsolidatedTraffic

• 3Q10 x 3Q09 The strong economic recovery has compensated the low growth year in 2009.

• Oct/10 registered the greatest traffic in history. • Preliminary data from Nov/10 suggest new records.

Con

solid

ated

Tra

ffic

Gro

wth

201

0 (E

quiv

alen

t Veh

icle

s– Y

oY)

Historic elasticity:

1.5x GDP

10M09 10M10

Strong recovery of commercial traffic. Firm growth of light vehicles traffic.

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Traffic 2010 - RodoAnel

The global crisis had an impact on the traffic

foreseen in the proposal

Quite evident ramp up effect

Positive expectation about the impact of the southern

stretch after improvements, the construction of the eastern stretch and the

restrictions for the traffic of vehicles in the streets of

the city.

RodoAnel 2010 – (YoY)RodoAnel – Monthly VEQ

5.5

6.5

7.5

8.5

9.5

10.5

11.5

VEQ in Million Linear (VEQ in Million)

J F M A M J J A S O N D J F M A M J J A S O

2009 2010

10.7%7.7% 8.9%

27.0%25.3%

19.1% 19.6%

23.9% 24.1%

17.7%

J F M A M J J A S O

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Potential of Additional Investments

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Anhanguera II Project

(connection to CEAGESP)

Improvements in the SP-324 Highway

Improvements on the Initial Stretch

of Raposo Tavares Highway

Direct Connection of Castello Branco

Highway to CEAGESP

Potential of the Current PortfolioNew Investment Opportunities…

Identified Needs: R$ 2,200M

AutoBAnR$ 360 M

AutoBAnR$ 179 M

ViaOesteR$ 1,600 M

ViaOeste R$ 67 M

...trying to improve the flow and the quality of the roads, developing the area.

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Before

Anhanguera Complex 1st Stage

Junction and improvements at Marginal Tietê

R$ 530million

Finished Addendum to AgreementsAutoBAn

After

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R$ 360million

Identified OpportunitiesAutoBAn

Anhanguera Complex2nd Stage

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Investments on SP-324AutoBAn

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CEAGESP

Cebolão Project 2nd Phase

Direct Connection of Castello Branco Highway to CEAGESP

InvestmentsViaOeste

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Detail of the Arrival of Raposo Tavares in the City of São Paulo Today

InvestmentsViaOeste

Castello Branco Highway

Raposo Tavares Highway

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Detalhe da chegada da

Raposo Tavares na cidade de São

Paulo hoje

InvestmentsViaOeste

Improvements in the initial stretch of Raposo

Tavares Highway – between km 9.8 and km

34.0

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Current Portfolio

Developing the Potential

José Braz

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Direct connection of the Bridge to Linha

Vermelha (Red Line), with an approximate

extent of 2.3 Km

Implementation of a new track at Serra

das Araras, complement of riverside roads,

environment

Duplication of BR 277

Duplication of BR 376

Improvements of safety Infrastructure

in the highway

Potential of the Current PortfolioSeveral investment needs have been identified...

Identified Needs: R$ 2,805M

PonteR$ 205M

NovaDutraR$1,500M

RodoNorteR$1,000M

ViaLagosR$100M

... trying to improve the flow and the quality of the roads, developing the area.

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InvestmentsBasic Project for the Connection of the Bridge to Linha Vermelha

Rio-Niterói BridgeLinha Vermelha

Bridge-Linha Vermelha Connection

R$ 205million

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Connection of the Bridge to Linha Vermelha

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CurrentDownhill Roadway

InvestmentsNovaDutra

Uphill Roadway

Serra das Araras

Downhill Roadway

R$ 1,500million

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InvestmentsRodoNorte – Duplication of BR 277 – BR 376

VDM 4,770 V/DAYVDM 9,255 V/DAY

VDM 22,939 V/DAY

Paranaguá Port

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InvestmentsViaLagos – Highway Safety Infrastructure Improvements

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New Businesses

Various Opportunities

Leonardo Vianna

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Leader in electronic collection

technology in tolls and parking lots

Line 4 of the São Paulo city

subway

Vehicle emissions inspection in the city

of São Paulo

Urban Mobility

New Businesses

STP ViaQuatro Controlar

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STPPayment Services and Technology

Highlights Present in 6 States

Leader in electronic collection technology in tollhs and parking lots

Present in 6 States: SP, RJ, MG, PR, SC e RS

Coverage of over 92% of all toll roads

Present in 67 parking lots (Malls, Airports, etc.)

Represents up to 70% of the traffic in some toll plazas

Over 45 million monthly electronic transactions

Transactional volume of over R$ 5 billion

Over 2.400.000 cars with the device installed

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STP – Payment Services and Technology

Gross Revenue (R$ MM) Quantity of TAG`s installed

CAGR 38%CAGR 36%

E E

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STP – Payment Services and TechnologyImprovement and Development of New Opportunities

Improve the company’s business model, identifying the one that increases the

profitability of its shareholders

Identify and develop new business opportunities; increase the range of

activity of STP

1 2Value Creation

Hiring of an Advisor to Assist with the New Business Plan

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Controlar

27 centers currently in operation

9M10 – 2.200 thousand inspections carried out;Estimated revenue for 2010: R$ 190 million

Consolidated data in 2010:

2010 Highlights

Inspection increase Authorization from the city hall for the electronic control through radars that read car plates. Fines of up to R$2.200 per month

Expectations for 2011

Gross Revenue (R$ MM) Quantity of Inspections Carried Out

CAGR 49%CAGR 39%

E E

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Improvement and Development of New Opportunities

Vehicle Inspection Centers

Inspection Centers Inaugurated in 2010

• Casa Verde• Morumbi I and II• Parque do Carmo I

and II• Tatuapé

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ViaQuatro

Highlights

Paulista and Faria Lima Stations in Operation as of May/10

May - November/10 – Approximately 12 thousand passengers/day

Phase I Butantã, Pinheiros, República and Luz Stations

770 thousand passengers/day (full year)

Phase IIHigienópolis, Oscar Freire, Fradique, Morumbi, Vila Sônia Stations

230 thousand passengers/day (full year)

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ViaQuatro ProjectAbove expectations...

1st Stage 2nd Stage

Long Term Financing

Supply Contracting

Contract Signature

Receiving of 1st and 2nd

Train

Nov/06

Aug/07

Nov/07

May/08

Oct/08

May/06

Nov/09

Dec/09

Operational Tests

Bidding

O.S. Project

O.S. Manufacture

Boarding1st and 2nd

Train

Organizational Evolution and Contract Management

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ViaQuatro Projectabove expectations...

Revenue 400

Passengers/day 770

No Trains 14 

3rd Stage

Mai/10

Paulista and Faria Lima Stations

25/05

Commercial Operation

21/06

Jun/10 Butantã and Pinheiros

Next Steps

República and Luz

End of Phase I

Organizational Evolution and Contract Management

Full Year Phase I

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Some Growth Options and their Respective Terms for EBITDA Generation

CCR’s Strategic Planning

Short-Term

Opportunities of Road Concessions in Brazil and Abroad:– Brownfield and Greenfield

Acquisitions of Road Concessions in Brazil and Abroad

Additional investments to the Current Portfolio

Development of Projects Initiated during the last years: ViaQuatro, RodoAnel, Controlar

1

2

3

4

Expansion of Businesses with potential - STP - Controlar

Primary Market of Subways, VLTs and BRTsSecondary Market of Subways, VLTs and BRTs

Take Advantage of Attractive Opportunities Abroad :– Peru– Colombia– México– Central America (Panamá, Costa

Rica and Porto Rico)

Mid-Term

5

6

7

EB

ITD

A G

ener

atio

n

Time2011-2012 2013-2015

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Concessions in São Paulo 3rd round of concessions to be auctioned in the

State of São Paulo

Urban Transport Multiple projects in the Country, including subways/ trains in the cities of Curitiba, Brasília and Porto Alegre

Correlated Businesses Parking lots, vehicle inspection, logistics, etc

Concessions in Minas Gerais Concessions to undergo bidding in the State of Minas

Gerais

Federal Concessions Program 3rd and 4th rounds expected for 2011/2012

Consolidation(Secondary Market)

RodoanelWe did not participate in the Auction for the South and East Section

Opportunities of acquisition of selected road concessions

of investment

Multiple Opportunities

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Concessions inSão Paulo 3rd round of concessions to be auctioned in the

State of São Paulo

Urban Transport Multiple projects in the Country, including subways/ trains in the cities of Curitiba, Brasília and Porto Alegre

Correlated Businesses Parking lots, vehicle inspection, logistics, etc

Concessions in Minas Gerais Concessions to undergo bidding in the State of Minas

Gerais

Federal Concessions Program 3rd and 4th rounds expected for 2011/2012

Consolidation (Secondary Market)

RodoanelWe did not participate in the Auction for the South and East Section

Acquisition of SPVias

of investmentMultiple Opportunities

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AutoBAn – 316,8 km

NovaDutra – 402 km(in SP – 231,6 km)

ViaOeste – 168,6 km

RodoAnel – 32 km

Renovias* – 345,6 km

SPVias – 515km* CCR has participation of 40% in the Renovias Concessionaire (345,6 km)

São Paulo

Concessionaires

SPVias

SPVias

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Acquisition of R$ 1,3bi of SPVias

241,8272,8

300,2

2007 2008 2009

155,7189,1

219,7

2007 2008 2009

72,3 73,997,3

2007 2008 2009

Net Revenue (R$ M) EBITDA (R$ M) Net Profit$ M)

The values presented above consider the margins and operational results in the standard adopted for analysis of these items in the CCR Group.

6th Largest Road Concessionary in Brazil in Revenues

Equivalent Vehicles (millions)

46,2

48,549,5

2007 2008 2009

Elasticity of the Period: 1,42x GDP

São Paulo

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Concessions in São Paulo 3rd round of concessions to be auctioned in the

State of São Paulo

Urban Transport Multiple projects in the Country, including subways/ trains in the cities of Curitiba, Brasília and Porto Alegre

Correlated Businesses Parking lots, vehicle inspection, logistics, etc

Concessions in Minas Gerais Concessions to undergo bidding in the State of Minas

Gerais

Federal Concessions Program 3rd and 4th rounds expected for 2011/2012

Consolidation (Secondary MArket)

Rodoanel

Opportunities of acquisition of selected road concessions

of InvestmentMultiple Opportunities

We did not participate in the Auction for the South and East Section

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Rodoanel South and EastAuction Result

Dutra

Ayrton Senna

Fernão DiasAnhhangüera/Bandeirantes

Castello Branco

Raposo Tavares

West Section

South SectionEast Section

Concessions operated by CCR

North SectionRégis Bittencourt

Imigrantes

Anchieta

Participants* Discount IRR NPV

1º SPMar Consortium 63,4% N/A (2.898.841)

2º Serramar Road Consortium 12,0% 6,8% (188.914)

3º Rodoanel South and East Consortium 5,1% 7,4% 101.485

Scenery considering

CCR premises

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Road Concessions in São Paulo 3rd round of concessions to be auctioned in the State

of São Paulo

Road Concessions inMinas Gerais Concessions to undergo bidding in the State of Minas

Gerais

Federal Highways Concessions 3rd and 4th rounds expected for 2011/2012

Projects World Cup/Olympics VLT, Subways, Highways

Urban Transport Multiple projects in the Country, including subways/ trains in the cities of Curitiba, Brasília and Porto Alegre

Consolidation (Secondary Market) Opportunities of acquisition of selected road concessions

of investmentMultiple Opportunities

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New Phase of Investments in Infrastructure2014 e 2016

Porto Alegre: 5.0

Curitiba: 4.5 Rio de Janeiro: 11.0

Salvador:5.0

R$86 billion

2016 Olympics in Rio:Preliminary estimates indicate an investment necessity close to US$ 14,4 billion

Investments in infrastructure for the 2014 World Cup

Recife: 5.0

Fortaleza: 9.4Natal: 3.5

BH: 1.5

DF (1): 3.5

Cuiaba 3.0

Manaus 1.5

Sao Paulo: 33.4

Significant investment necessities in urban transport infrastructure…

…strengthened due to the 2014 World Cup and 2016 Olympics

• Brasilia Subway: R$1 billion

• Porto Alegre Subway: R$ 2.5 billion

• Curitiba Subway: R$ 2 billion + R$ 200 million (urban transport

• VLT in Fortaleza: R$ 565 million

• VLT in Natal: R$ 878 million

Urban Transport Projects

• Parking lots, vehicle inspection in metropolitan regions, other concession models

• Airport Express (Guarulhos)

• TAV – High Speed Train (Campinas – São Paulo – Rio de Janeiro)

Source: Federal Government / State Government(1) Federal District

Correlated Businesses

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A - Corridor EPTGB – Subway Line 1C - Corridor Gama-Santa MariaD – Light Rail Vehicle ( VLT )

Integrated Brasília Program

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• The Blue Line will be 22 km long, where 3Km will be an elevated track and the remaining 19km underground

• Total estimated investment: R$ 2 billion

• Will connect the future CIS South Terminal to the BR-116 and the Santa Cândida Terminal, located in the North region of the city

• 22 Stations are foreseen, with an average distance of 900 meters between each other

Curitiba Subway

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• CCR won the bidding to execute the viability studies and develop the project

• Revitalize the whole region and integrate the harbor neighborhoods with the central region

• Connect the main transport axis of the central area of the city, as well as tourist attractions and/or of great current and projected circulation for the region

• Connect on one side, the Central Business Area to the Santos Dumont Airport and Gloria, and on the other, the Gasômetro area, the TAV Station (High Speed Trains) in Leopoldina and the Estácio Subway Station

• Reduce the environmental impacts

Implementation of the VLT in the Harbor and Central Regions in Rio de JaneiroLight Rail Vehicle (VLT) - RJ

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• Construction and Implementation of the subway line, including the permanent track, that starts on the Araribóia Station( Niterói ) and ends on the Guaxindiba Station (São Gonçalo)

• Approximate extension of 23km, of which 18,8 km on elevated tracks and 4,2km on surface tracks, including the elevated stations of Araribóia, Jansen de Melo, Barreto, Neves, Vila Laje, Paraíso, Parada 40, Zé Garoto, Mauá, Antonina, Trindade, Alcântara (12) and the surface stations of Jardim Catarina and Guaxindiba (2), the maneuvering Parks Barreto e Guaxindiba (2) and all the civil works on the referred Allotment

Araribóia Station ( Niterói ) – Guaxindiba Station (São Gonçalo)

Line 3 (Allotment 2) - RJ

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Express Track connecting Barra da Tijuca to Deodoro, Américas Avenue to Brasil Avenue

Transolympic Project (PPP) - RJ

Video

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Road Concessions in São Paulo 3rd round of concessions to be auctioned in the State

of São Paulo

Road Concessions inMinas Gerais Concessions to undergo bidding in the State of Minas

Gerais

Concessions of Federal Highways 3rd and 4th rounds expected for 2011/2012

Consolidation (Secondary MArket) Opportunities of acquisition of selected road concessions

of investmentMultiple Opportunities

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3rd Stage of the State of São Paulo

Extension withoutVicinal

Lot 01 North Coast/Tamoios 538Lot 02 South Coast 107,6

645,6Lot 03 Piedade 369,49Lot 04 Circuito das Águas 402,16Lot 05 Jaú 875,06Lot 06 Médio Tietê 665,06Lot 07 Marília 325,52Lot 08 Penápolis 447,46Lot 09 Presidente Prudente 604,22Lot 10 Euclides da Cunha Leste 489,85Lot 11 Baixo Tietê 358,5Lot 12 Barretos 602,55Lot 13 Ribeirão Preto 455,75Lot 14 Raposo Central 345,74

5.941,36 6.586,96

Allotments of the 3rd Stage São Paulo

SUBTOTAL

SUBTOTAL

TOTAL

Estimated investments approximately

R$19 bi

Concession Term:

25 years

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State of Minas Gerais Program

Extension (Km) (R$ M)

1 Divinópolis 406,7 553.72 Pouso Alegre 341,8 511.73 Curvelo 336,9 489.74 Uberaba 405,5 534.25 Itajubá 472,6 716.06 Montes Claros 392,9 620.07 Lago de Furnas 265,7 369.48 Uberlândia 322,7 614.99 Patos de Minas 273,9 383.2

10 Ouro Preto 275,0 527.111 São João del Rei 343,8 550.212 Formiga/Oliveira 232,0 356.213 Varginha 261,4 504.714 Caxambu 336,5 514.015 Poços de Caldas 321,2 459.616 Juiz de Fora 412,6 693.317 Araxá 365,3 519.5

5.766,5 8.918.2

Minas Gerais Program

TOTALConcession

Term:

25 years

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Concession Term: 25 years.

BR- 040 (DF/GO/MG) - Juiz de Fora - Brasília

Extension (km)

Total Investment

936,8

R$ 3,3 bi

BR- 116 (MG) - Além Paraíba - Divisa MG / BA

Extension (km)

Total Investment

817,0

R$ 4,2 bi

BR- 101 (ES) / Mucuri (BA)

Extension (km)

Total Investment

475,9

R$ 2,5 bi

3rd Stage of the Federal Program

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Considering just some of the expected opportunities, the pipeline for the next years is :

Urban TransportEstimated investment projects of R$ 5 bi

Concessions in São PauloEstimated investment projects of R$ 20 bi

Concessions inMinas Gerais Estimated investment projects of R$ 10 bi

Federal Concessions Program Estimated investment projects of R$ 9,5 bi

Expected projects of our interest which

shall demand over R$50 bi during the

coming years.

Multiple Opportunities of investment

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Financial Strategy

Generate Value and Investment Capacity

Arthur Piotto

Page 63: Cc rday ing

Investment CapacityFinancial Strategy

Maximum Indebtedness of 3.0x Net Debt /

EBITDA

Commitment of Paying a Minimum of 50% of Net

Profit as Dividend

Growth of the Company will be Financed Through

Leverage

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Financial Strategy

...but still don’t fully consider the additional cash generation

The leverage indexes incorporate investments in new assets ViaQuatro, RodoAnel, Controlar, SPVias...

Gross Indebtedness (R$ bi) Net Indebtedness (R$ bi)

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Financial Strategy

Exchange rate variation contributes to cost reduction of the debt on 3Q10

Opening of the debt through indexer 3Q10 Evolution of the Average Cost of the Debt in R$

* In nominal R$

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Amortization Schedule

Schedule 3Q10 for debt amortization (R$ M) Expected schedule of debt amortization (R$ M)

642

847

735

859

1031

284202 195

29 23 43

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 and so

on

642

565527 531

589 570

489539

372

23 43

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 and so

on

• Amortization flow suitable to generate cash• No payments focused on the next year• Big part of the payments are from projects performed for easy refinancing

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Investment Capacity

• Projects preformed with significant additional debt capacity.

• Structure target of 70% debt for new projects always seeking for Project Finance.

Current Situation

Additional Investment capacity of R$1,7 bi

Level of Leverage per Concessionaire (Div. Liq./EBITDA)

0,30

0,50

0,76

0,84

0,91

1,12

1,30

1,90

0,00 0,50 1,00 1,50 2,00

Ponte

RodoNorte

Renovias

AutoBAn

NovaDutra

Controlar

ViaLagos

ViaOeste

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Situation for New Projects

Investment capacity for 2011 of ~ R$ 3,5 bi

Current Situation

Investment capacity of R$1,7 bi

Quick deleverage in 2011 with the

maturation of early-staged projects

(1) EBITDA considered for the calculation, the market consensus of R$2,350 M for 2010.

Investment Capacity

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Dividends

We reiterate the commitment to pay at least 50% of the net profit in dividends.

Received Dividends

• Until Oct/10: R$ 495 million • Predicted for 2010: R$ 775 million

Dividend Yield*

Payout (Cash)

* Considering cash dividend

E

E

Payout average history over 70%

From 2004 the average payout was 83%

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Control Block Composition

Direct and indirect shareholders

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Final Considerations

Márcio Batista

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Long-term

8

9

Expertise in management services:

• Road services (maintenance, signaling and operation)

• Urban solutions (parking lots)

Search for new businesses that bring innovation and growth

• solutions for cargo transportation, including highway opportunities in other Brazilian states

Some growth options and respective deadlines for generating EBITDA

The CCR Strategic Planning

18 a 36 Meses

EB

ITD

A G

ener

atio

n

Time2011-2012

Expansion of Business with great potential: - STP - Controlar Primary Market of Subways, VLTs and BRTsSecondary Market of Subways VLTs and BRTs

Use Attractive Opportunities Abroad– Peru– Colombia– México– Central America (Panamá,

Costa Rica and Porto Rico)

2013-2015

Medium Term

5

6

7

Short Term

Road concession opportunities in Brazil and abroad: – Brownfield and Greenfield

Acquisition of highway concessions in Brazil and abroad

Additional Investments in the Current Portfolio

Development of Projects initiated the years before: ViaQuatro, RodoAnel, Controlar

1

2

3

4

2015-2020

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HighlightsLeadership Program Development

• Short Term Leadership Training

• Knowledge Management in Medium and Long Terms

• Sustainable Growth

PDL

With the goal to develop the leaders according to the skills of CCR Group, through a process aligned with the basic business definitions, challenges and strategic growth of CCR Group, we developed a Leadership Development Program, in partnership with Fundação Dom Cabral (FDC)

Page 74: Cc rday ing

HighlightsIBTTA International reward

CCR received the international IBTTA award and the recognition of the best in Social Responsibility focused on Education and Traffic Safety with the project “Estrada para a Cidadania” (Road to Citizenship).

IBTTA is the largest and most important international association for the highway concession and every year promotes a competition among its 250 associates in 23 countries on the 6 continents, rewarding the best initiative on Corporate Responsibility.

IBTTA award

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HighlightsIR International reward

Ranking of Institutional Investor magazine, over 50 years of history and circulating in several countries of America, Europe and Asia, highlighted the CCR Investor Relations team as the best among the transport, industry and aviation sectors.

IR award

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Sustainability

What are the Sustainability Challenges?

What are the opportunities from this Challenges?

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Sustainability

Sustainability is an opportunity to Create value

Economic

Social Environmental

Sustainable Value

Social Environmental

Eco-efficiencySocial

Economic

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Sustainability

Sustainability is an opportunity to Create Value

Economic

Social Environmental

Sustainable Value

Social Environmental

Eco-efficiencySocial

Economic

Valuation

Reputation and

Corporate Value

Risk Managment

Operational Efficiency

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