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Annual & Sustainability Report 2016

CCR Group

A structured enterprise supporting the social, economic and environmental development of the regions where we operate

CCR S.A. was created in 1999 as a provider of infrastructure investment and service solutions that contribute to the social, economic and environmental development of the regions where we operate.

Through 10 individually or jointly operated concessions, CCR Group's São Paulo-based parent company is responsible for the management, maintenance and improvement of 3,265 kilometers (km) of highways in the states of São Paulo, Rio de Janeiro, Paraná and Mato Grosso do Sul. As part of our diversification strategy, the Group has also secured concessions in urban mobility, including subway concessions in São Paulo and Bahia and ferry and light rail concessions in Rio de Janeiro. We have also been present in the airport segment since 2012 with a stake in the concessionaires of the international airports of Quito (Ecuador), San José (Costa Rica) and Curaçao. In Brazil, BH Airport operates the Belo Horizonte International Airport in Minas Gerais.

Our service divisions – CCR Actua (administrative services), CCR Engelog (engineering) and CCR EngelogTec (information technology) – form our Shared Services Center, which creates shared value across CCR Group by delivering innovative and unique services and solutions. Samm, a high-capacity fiberoptic data transmission company, and Total Airport Service (TAS), a US-based provider of airport management and administration services, complete the services division.

In August 2016, CCR Group completed the sale of Serviços e Tecnologia de Pagamentos (STP), the owners of electronic tolling service provider Sem Parar, to DBTrans Administração de Meios de Pagamento.

With approximately 11 thousand employees, the Company ended financial year 2016 with net income of R$ 1,713,851 thousand, up 96.0 percent compared with the previous year, and growth of 46.9 percent in adjusted EBITDA , with an adjusted margin of 80.1 percent, up 20.2 p.p. from the previous year. Shareholders' equity was R$ 3,916,497 thousand and net revenue (not including construction revenue) was R$ 6,704,443 thousand.

Icon highways

3,265 km
of highways

Concessions

icon toll road concessions

10 toll road concessions

icon subways

4 urban mobility concessions (subway systems in São Paulo and Bahia and ferry and light rail lines in Rio)

icon airports

4 airports

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About CCR Group’s sustainability reporting process, view the full report here..

 

Ownership structure

Chart: Ownership structure Chart: Ownership structure - caption

 

(a) and (b) Direct or indirect interests through subsidiaries (a) CPC or (b) CIIS.

(1) Includes the holdings of Andrade Gutierrez Concessões S.A. and AGC Participações Ltda., both members of Grupo Andrade Gutierrez.

(2) Includes the holdings of Camargo Corrêa Investimentos em Infra-Estrutura S.A. and VBC Energia S.A., both members of Grupo Camargo Corrêa.

(3) Includes the holdings of Soares Penido Concessões S.A. and Soares Penido Obras, Construções e Investimentos S.A., both members of Grupo Soares Penido.

(4) CPC is entitled to acquire 45.5 percent of the stock and voting rights of FTZ Development S.A., a holding company in Ecuador.

(5) CCR España Empreendimientos holds a stake in the Quito International Airport through its 50 percent shareholding in Quiport Holdings S.A. ("QH"), which in turn owns 100 percent of the preferred stock of Icaros Development Corporation S.A. ("Icaros") and 75 percent of the stock of Corporacion Quiport S.A. ("Quiport"). A Icaros detém 25% das ações da ("Quiport"). Icaros holds 25 percent of the stock of Quiport with the remainder held by QH. Quiport is the concessionaire of Quito International Airport. CCR España Empreendimientos also holds a 50 percent stake in Quito Airport Management Inc., Quiama ("Quiama"), the operator of Quito International Airport. Quiama owns 100 percent of the capital stock of ADC&HAS Management Ecuador S.A., which assists in airport operation.

(6) CCR España Concesiones holds a stake in San José International Airport through its 100 percent ownership interest in CCR Costa Rica Emprendimientos S.A., which holds 51.2 percent of the capital stock of Grupo de Aeropuertos Internacional AHH SRL, 49 percent of Desarollos de Aeropuertos AHH SRL and 50 percent of Terminal Aerea General AHH SRL. These three companies hold 97.5 percent of the capital stock of Aeris Holding Costa Rica S.A., the concessionaire of San Jose International Airport.

(7) CCR España Concesiones holds a stake in Curacao International Airport through its 80 percent interest in Companhia de Participações Aeroportuárias ("CPA") and 39 percent interest in Curaçao Airport Investments NV ("CAI"). CPA, in turn, owns 50 percent of the capital stock of CAI, which owns 100 percent of Curaçao Airport Partners N.V., the concessionaire of Curacao International Airport. CAI also owns 100 percent of the capital stock of Curaçao Airport Real Estate N.V., a nonoperating company.

(8) Green Airports Inc. owns 50 percent of the capital stock of Invesiones Bancnat Inc., which in turn owns 100 percent of the share capital of IBSA Finance (Barbados), Inc., the company managing the financing agreement with Aeris Holding Costa Rica S.A.

(9) Under liquidation.

(10) The Concession Agreement terminated at midnight on June 1, 2015.

(11) Includes Lazard Asset Management Securities, LLC, which acquired a 5.13 percent interest in the Company on December 31, 2015, as announced in a release on January 5, 2016.

 

Geographies

map of operation of CCR map of operation of CCR - caption

 

Awards and recognition

The Best-Performing CEOs in the World – Renato Vale was named one of the world's leading CEOs by Harvard Business Review.

Brazil's 34 Best CEOs – CCR Group CEO Renato Vale was named one of the top CEOs in Brazil by Forbes Brasil.

Executivo de Valor – Renato Vale received the accolade from Valor Econômico in the Logistics and Transportation category.

Conscientious Media Award – CCR was awarded for its "Obey That Voice” campaign at the 6th Global PARAR Conference.

20th edition of CNT Survey – CCR AutoBAn was named Brazil's best highway for the fifth consecutive year, by the National Transportation Confederation (CNT).

Transportation Biggest & Best 2016 – CCR ViaOeste was awarded in the Toll Road Concession category.

Prêmio Estadão Empresas Mais – CCR Group was presented with an award by Estadão in the Transport & Logistics category for the second consecutive year.

Ombudsman Awards Brazil 2016 – CCR ViaOeste's Ombudsman's Office was one of the winners in the Ombudsman Awards Brazil organized by Consumidor Moderno with the support of the Brazilian Association of Ombudsman's Offices (ABO) and the Brazilian Association of Customer Relations (ABRAREC).

Concessionaire of the Year 2015 – The São Paulo State Public Transport Regulator (ARTESP) recognizes the best highway concessions through awards in several categories: Renovias won an award for Road Improvements; CCR RodoAnel for Quality of User Services; and CBA AutoBAn for User Choice.

NTC - Transport Suppliers – for the 9th consecutive year, the National Freight Association named CCR AutoBAn as the Best Highway Concessionaire.

100 Most Innovative IT Applications 2016 – CCR Group ranked first in the Holding category, in an award program organized by IT Mídia in partnership with PwC. The winning project, called "Smart Highways Powered by IoT" (Internet of Things), involved the use of software to automatically detect abnormal road conditions on the CCR MSVia highway.