CCR - Results for the 4th quarter of 2023

BRAZIL - Portuguese

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Feb 08, 2024, 18:35 ET

SÃO PAULO, Feb. 8, 2024 /PRNewswire/ --

Equivalent vehicle traffic grew by 7.0% in the period.
The number of passengers boarded in airports increased by 10.0% in the period.
The number of passengers transported in the mobility business increased by 4.2% in the period.
Adjusted EBITDA had a growth of 20.1%, with a margin of 55.3% (+4.5 p.p.).
Adjusted Net Income reached R$393.9 million, up by 184.6% in the comparison period.
The Company's executive board proposed the distribution of R$536.2 million in dividends, which will be submitted for approval at the 2024 Annual Shareholders' Meeting.
The Granting Authority recognized the economic and financial imbalance in favor of ViaQuatro and ViaMobilidade - Lines 5 and 17, in a total amount of approximately R$682.6 million and R$297.9 million, respectively.
ANAC recognized the economic and financial imbalance in favor of BH Airport, in a total amount of approximately R$28.1 million.

	IFRS			IFRS
Financial Highlights (R$ MM)	4Q22	4Q23	Chg %	2022	2023	Chg %
Net Revenues¹	3.281,0	4.477,8	36,5 %	17.563,2	14.984,5	-14,7 %
Adjusted Net Revenues²	3.146,6	3.469,5	10,3 %	12.174,8	13.214,1	8,5 %
EBITDA	824,6	2.097,7	154,4 %	11.766,0	7.647,4	-35,0 %
EBITDA Mg.	21,4 %	39,0 %	17,6 p.p.	61,3 %	42,0 %	-19,3 p.p.
Adjusted EBITDA²	1.597,2	1.917,5	20,1 %	6.863,7	7.770,8	13,2 %
Adjusted EBITDA Mg. ³	50,8 %	55,3 %	4,5 p.p.	56,4 %	58,8 %	2,4 p.p.
Net Income	(217,1)	553,8	n.m.	4.133,1	1.704,8	-58,8 %
Adjusted Net Income²	138,4	393,9	184,6 %	745,9	1.415,8	89,8 %
Net Debt / Adjusted EBITDA LTM (x)	3,0	3,0		3,0	3,0
Adjusted EBITDA⁴ / Interest and Monetary Variation (x)	1,9	2,4		2,1	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:

Friday, February 9, 2024

10:00 a.m. São Paulo / 08:00 a.m. New York

Videoconference link:

https://grupoccr-br.zoom.us/webinar/register/WN_hkkg0Rn2QeGq-FNw-AaJQg#/registration

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