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CCR S.A.: Results for the 4th Quarter and the Year of 2013

SAO PAULO, March 12, 2014 /PRNewswire/ --  CCR S.A. (CCR), Brazil's largest road concession operator in terms of revenue, announces its results for the fourth quarter (4Q13) and the year of 2013.

Highlights

  • Consolidated traffic grew by 8.4% in 4Q13 and 6.0% in 2013.
  • The number of STP (electronic payment) users increased by 14.1% over December 2012, reaching 4,303,000 active tags.
  • Same-basis² adjusted EBITDA increased by 10.3% in 4Q13 and 12.8% in 2013, with margins of 65.3% and 65.7%, respectively.
  • The Company received the net amount of R$95.0 million from the sale of interest in STP, corresponding to approximately 4.012% of its capital stock.

Financial Indicators (R$ MM)

4Q12

4Q13

Chg %

2012

2013

Chg %



Net Revenues1

1,250.3

1,376.4

10.1%

4,659.0

5,206.5

11.8%


Adjusted Net Revenues on the same basis2

1,250.3

1,355.5

8.4%

4,659.0

5,154.4

10.6%


EBIT

624.3

754.6

20.9%

2,318.5

2,672.2

15.3%


Adjusted EBIT Mg.3

49.9%

54.8%

+4.9 p.p.

49.8%

51.3%

+1.5 p.p.


EBIT on the same basis2

624.3

762.2

22.1%

2,318.5

2,677.4

15.5%


EBIT Mg. on the same basis2

49.9%

56.2%

+6.3 p.p.

49.8%

51.9%

+2.1 p.p.


Adjusted EBITDA4

802.9

977.1

21.7%

3,002.1

3,486.1

16.1%


Adjusted EBITDA Mg.3

64.2%

71.0%

+6.8 p.p.

64.4%

67.0%

+2.6 p.p.


Adjusted EBITDA on the same basis2

802.9

885.7

10.3%

3,002.1

3,386.4

12.8%


Adjusted EBITDA Mg. on the same basis2

64.2%

65.3%

+1.1 p.p.

64.4%

65.7%

+1.3 p.p.


Net Income

347.5

306.4

-11.8%

1,177.3

1,351.0

14.8%


Net Debt / Adjusted EBITDA LTM (x)

2.2

2.0

-

2.2

2.0

-


Adjusted EBITDA / Performed investments (x)

2.8

2.7

-

3.9

3.5

-


Adjusted EBITDA / Interest and Monetary Variation (x)

6.2

5.2

-

5.0

5.8

-


 

1 Net operating revenue excludes construction revenue.

2 Adjustment excluding Metro Bahia, Curacao and the non-recurring effect from the sale of the interest in STP. 

3 The Adjusted EBIT and EBITDA margins were calculated by dividing EBIT and EBITDA by net revenue, excluding construction revenue, as required by IFRS, whose counter-entry of the same amount impacts total costs.

4 Calculation excludes non-cash expenses: depreciation and amortization, the provision for maintenance and the recognition of prepaid concession expenses.

Upcoming Events

Conference Calls

 

In Portuguese:

In English:

Thursday, March 13, 2014

Thursday, March 13, 2014

11:00 a.m. Sao Paulo / 10:00 a.m. New York

12:00 p.m. Sao Paulo / 11:00 a.m. New York

Telephones: (+55 11) 4688-6361

Brazil: (+55 11) 4688-6361

Code: CCR

Other Countries: (+1) 786-924-6977

Replay: (+55 11) 4688-6312

US: (+1) 888-700-0802

Code: 8988691#

Code: CCR


Replay: (+55 11) 4688-6312


Code: 4295166#

 

Webcast: www.ccr.com.br/investidores





IR Contacts
Marcus Macedo (+55 11) 3048-5941
Flavia Godoy: (+55 11) 3048-5955
Daniel Kuratomi: (+55 11) 3048-6353
Leandro Mathias: (+55 11) 3048-2108 

 

 

SOURCE CCR S.A.

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