CCR - Results for the 3rd quarter of 2023

Brazil - Português

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Oct 31, 2023, 21:55 ET

SÃO PAULO, Oct. 31, 2023 /PRNewswire/ -- 3Q23 X 3Q22 HIGHLIGHTS

Equivalent vehicle traffic grew by 4.2% in the period.
The number of passengers boarded in airports increased by 11.1% in the period.
The number of passengers transported in the mobility business increased by 7.4% in the period.
Adjusted EBITDA grew by 15.8%, with a margin of 62.1% (+4.4 p.p.). Excluding revenue related to financial asset remuneration for the periods compared, the adjusted EBITDA grew by 8.4%, with a margin of 59.5% (+2.9 p.p.).
Adjusted Net Income totaled R$501.6 million, up by 44.8%. Excluding the effect of revenue related to financial asset remuneration for the periods compared, the adjusted Net Income grew by 20.8%.
On September 15, 2023, the Company disclosed a Material Fact informing that the Granting Authority recognized the economic-financial imbalance of ViaMobilidade - Lines 5 and 17 due to losses in tariff revenue as a result of lower demand in Line 5 because of the COVID-19 pandemic. The method for receiving the rebalance will still be decided and informed to the market at the appropriate time.
On October 25, 2023, CCR informed its shareholders that it would begin paying dividends of around R$0.16 per common share on November 30, 2023.

	IFRS			IFRS
Financial Highlights (R$ MM)	3Q22	3Q23	Chg %	9M22	9M23	Chg %
Net Revenues¹	3,175.2	3,415.6	7.6 %	14,282.3	10,506.7	-26.4 %
Adjusted Net Revenues²	3,175.2	3,415.6	7.6 %	9,028.2	9,744.6	7.9 %
EBITDA	2,354.3	1,659.5	-29.5 %	10,941.4	5,549.6	-49.3 %
EBITDA Mg	64.5 %	37.5 %	-27.0 pp	71.4 %	43.6 %	-27.8 pp
Adjusted EBITDA²	1,832.9	2,121.8	15.8 %	5,266.5	5,853.3	11.1 %
Adjusted EBITDA Mg. ³	57.7 %	62.1 %	4.4 pp	58.3 %	60.1 %	1.7 pp
Net Income	606.5	251.5	-58.5 %	4,350.2	1,151.1	-73.5 %
Adjusted Net Income²	346.3	501.6	44.8 %	607.4	1,021.8	68.2 %
Net Debt / Adjusted EBITDA LTM (x)	3.0	2.9		3.0	2.9
Adjusted EBITDA⁴ / Interest and Monetary Variation (x)	2.2	2.4		2.2	2.2

1. Net revenue excludes construction revenue.
2. Adjustments are described in the "non-recurring effects" section.
3. The adjusted EBITDA margin was calculated by dividing adjusted EBITDA by adjusted net revenue.
4. Calculated by excluding non-recurring effects and non-cash expenses: depreciation and amortization, provision for maintenance, and accrual of prepaid concession expenses.

\ Videoconference

Conference call in Portuguese with simultaneous translation into English:

Wednesday, November 1, 2023

10:00 a.m. São Paulo / 09:00 a.m. New York

Videoconference link:

https://mzgroup.zoom.us/webinar/register/WN_o_ODpDDUTkqgsGGQsT_upg

The instructions to participate in these events are available on CCR's website: www.ccr.com.br/ri.

\ IR Contacts

Flávia Godoy: (+55 11) 3048-5900

Douglas Ribeiro: (+55 11) 3048-5900

Cauê Cunha: (+55 11) 3048-5900

Caique Moraes: (+55 11) 3048-5900