Motivation for concessions
The Brazilian federal government's Investment Partnership Program (IPP) was consolidated as the main platform driving and freeing the investments in infrastructure the country needed in 2018. Among concessions planned are airports and toll roads that connect important production hubs in the country, in the Northeast, Southeast and Center-West regions.
More sustainable cities
The growth of Brazilian is a determining factor to increasing demand for infrastructure in urban centers. CCR Group's experience and performance in the urban mobility segment have strategically positioned it to gain new concessions.
More sustainable cities
The growth of Brazilian is a determining factor to increasing demand for infrastructure in urban centers. CCR Group's experience and performance in the urban mobility segment have strategically positioned it to gain new concessions.
Specialists see rail transport as one of the best solutions to heavy traffic and improved environmental quality in urban centers. Rolling stock travel speeds, the number of passengers transported and the use of electricity for power, lowering carbon emissions, are factors favoring growth in this type of investment.
Trucker strike
In May 2018, truck drivers temporarily halted their activities and partially blocked roads off to cargo vehicles. The protest was driven by a spike in diesel costs and directly impacted CCR Group's financial results, due to a drop in traffic on the toll roads managed by the company.
Trucker strike
In May 2018, truck drivers temporarily halted their activities and partially blocked roads off to cargo vehicles. The protest was driven by a spike in diesel costs and directly impacted CCR Group's financial results, due to a drop in traffic on the toll roads managed by the company.
One initiative adopted by the government as a concession to truck drivers was exempting suspended axles on trucks travelling empty from tolls. This fee, which had not been charged on federal toll roads since 2015 also stopped being charged on state concessions, with an additional impact on revenue generation at units managed by CCR Infra SP- until the rebalancing provided in contract is made.
Evolution of traffic
Consolidated traffic on toll roads managed by CCR Group was down 3% in 2018, year over year. When the effects of the exemption from payment of suspended truck axles are excluded, this downward growth is at 0.3%.
Evolution of traffic
Consolidated traffic on toll roads managed by CCR Group was down 3% in 2018, year over year. When the effects of the exemption from payment of suspended truck axles are excluded, this downward growth is at 0.3%.
In the urban mobility segment, volume of passengers transported was around 45% higher than in 2017, showing the impact of the new Line 5-Lilac concession. At airports, departing passenger numbers were also higher, increasing 5% year over year.
Economic performance
Consolidated net revenue (excluding construction revenue) at CCR Group in 2018 was 7.9% higher year-over- year, totaling R$ 8.1 billion. This growth was driven by the startup on operations at ViaMobilidade as well as by a fee readjustment and growth in current business.
Economic performance
Consolidated net revenue (excluding construction revenue) at CCR Group in 2018 was 7.9% higher year-over- year, totaling R$ 8.1 billion. This growth was driven by the startup on operations at ViaMobilidade as well as by a fee readjustment and growth in current business.
Investments made in concession works and improvements totaled R$ 2.1 billion and adjusted EBITDA was R$ 4.1 billion, with a margin of 50%. Net income attributed to shareholders reached R$ 782.7 million.
