Ccr Ebitda Mix and Market Share by Sector

2018

9 DISCLAIMER

This presentation may contain certain forward-looking projections and trends that neither represent realized financial results nor historical information.

These forward-looking projections and trends are subject to risk and uncertainty, and future results may differ materially from the projections. Many of these risks and uncertainties are related to factors that are beyond CCR’s ability to control or to estimate, such as market conditions, currency swings, the behavior of other market participants, the actions of regulatory agencies, the ability of the company to continue to obtain financing, changes in the political and social context in which CCR operates or economic trends or conditions, including changes in the rate of inflation and changes in consumer confidence on a global, national or regional scale.

Readers are advised not to fully trust these projections and trends. CCR is not obliged to publish any revision of these projections and trends that should reflect new events or circumstances after the realization of this presentation.

2 CCR BUSINESS

Enable solutions for Infrastructure Investments and Services, contributing to the Socioeconomic and Environmental Development of the regions where we operate.

3 CCR HIGHLIGHTS

1st Company listed in Novo Mercado (2002)

Market Cap of R$ 21 Billion 50% of São Paulo as of October 26 2018 cargo volume transported through CCR concessions

Portfolio reaches 54,1% of Brazilian population and 63,8% of Brazilian GDP (2015) 15 concessions in the South, Southeast, Middle West and Northeast regions of Brazil, 4 airport concessions, 3 Lation America and 1 in Brazil

PUBLIC, CLEAR AND DEFINED STRATEGY 4 OWNERSHIP STRUCTURE

Shared Control First company listed on B3’s Novo Mercado (New Market) Floating Controlling shareholders aligned and Grupo Andrade Gutierrez committed to the best practices of Grupo Camargo Corrêa Corporate Governance. Grupo Soares Penido

15.0 % 9% 14.9% 4% 55.2 % 14.9 Foreign Investor %

Individual Investor (Brazil)

Legal Entities (Brazil) 87%

5 CCR EBITDA MIX AND MARKET SHARE BY SECTOR

EBITDA

2005 1% 2010 2% 2017 5% 8%

99% 98% 87%

Highways Services Urban Mobility Airports

Toll Road Sector (2017)* Airport Sector (2017)* Urban Mobility Sector (2017)*

TOLL REVENUES (EX-CONSTRUCTION REVENUES) TOTAL PAX TOTAL PAX

11%

34% 37% R$ 6.6 billion

66% 63%

89%

CCR Otherprivate BH Airport Other private CCR Otherprivate

* Sources: ABCR, Infraero and RF Annual Report 6 CCR PORTFOLIO 2018

URBAN HIGHWAYS AIRPORTS SERVICES MOBILITY

Company Share Company Share Company Share Company Share CCR NovaDutra 100% ViaQuatro 75% Quito 50% CCR Actua 100%

CCR ViaLagos 100% CCR Barcas 80% San Jose 97% CCR Engelog 100%

CCR RodoNorte 86% VLT Carioca 24,9% Curaçao 79% CCR EngelogTec 100% CCR AutoBAn 100% CCR Metrô Bahia 100% BH Airport 38% SAMM 100%

CCR ViaOeste 100% ViaMobilidade 83% TAS 70% CCR RodoAnel 99% QUIAMA 50%

Renovias 40%

CCR SPVias 100%

ViaRio 66%

CCR MSVia 100%

7 HISTORIC EVOLUTION OF CCR

CCR has a proven track record on acquisitions, diversification and new biddings.

NASP

EUA

Via Mobilidade

2002 2003 2004 20052006 2007 2008 2009 2010 2011 2012 20132014 2015 2016 2017 2018

New concessions Main events Follow-on Acquisitions Concession extesions Sale Stake increase

8 ADDITIONAL EBITDA – NEW BUSINESSES

ViaRio, VLT, Salvador, In R$ bi R$ 2.6 bi additional EBITDA MSVia and BH TASTAS Airports and Barcas 5.1 SPVias 4.4 and SAMM ViaOeste 4.2 RodoAnel, Renovias 3.5 ViaQuatro and Controlar STPSTP 3.2 2.6 Portifolio IPO

2.5

*EBITDA in 2016 excludes the sale of the stake in STP and in 2017 excludes non-recurring effects of the acquisition of stakes in ViaQuatro and ViaRio 9 PORTFOLIO IN BRAZIL AND ABROAD (2005)

United States

Bahia

4 1 Mato Grosso Minas Gerias do Sul COPORATE OFFICES São Paulo 1 São Paulo Rio de Janeiro Paraná 1 6 São Paulo HIGHWAYS Curitiba 2 1 CCR ViaLagos 5 CCR ViaOeste 3 5

2 CCR NovaDutra 6 CCR Ponte 1 3 CCR RodoNorte Brazil

4 CCR AutoBAn

SERVICES CCR Actua, CCR Engelog, 1

10 PORTFOLIO IN BRAZIL AND ABROAD (2018)

Chicago Bradley 5 4 5 San Francisco Ohio United States 5 5 5 NewPort Montgomery Atlanta 5 Los Angeles 2 Bahia 5 Salvador Houston

5 Brasília 4 1 4 10 Mato Grosso Minas Gerias do Sul Campo 1 Grande COPORATE OFFICES Belo Horizonte 2 Curaçao São Paulo 1 São Paulo 3 Rio de Janeiro 3 Rio de Janeiro 7 2 Brasília 4 United States Costa Rica Paraná 1 8 São 6 Paulo 4 HIGHWAYS Curitiba 2 1 CCR ViaLagos 5 CCR ViaOeste 9 ViaRio 3 5

2 Ecuador CCR NovaDutra 6 CCR RodoAnel 10 CCR MSVia 9 1 3 7 Brazil 2 CCR RodoNorte Renovias 1 3 2 4 CCR AutoBAn 8 CCR SPVias 3

URBAN MOBILITY

1 ViaQuatro, ViaMobilidade 3 VLT Carioca

2 CCR Barcas 4 CCR Metrô Bahia

AIRPORTS SERVICES CCR Actua, CCR Engelog, 1 BH Airport 4 Quiport 1 CCR EngelogTec and Instituto CCR 2 Curação Partners 5 TAS (Aeroportuary 2 Samm 3 Aeris Services) 11 ASSET OVERVIEW

Remaininng years under Concession Granting Power CCR Stake % EBITDA 2017 % concession AutoBAn ARTESP 100% 9.3 29.3% ViaOeste ARTESP 100% 4.1 14.2% NovaDutra ANTT 100% 3.9 13.8% RodoNorte DER - Paraná 86% 3.8 10.8% SPVias ARTESP 100% 9.7 8.7% Quito Airport EPM 50% 23.8 3.1% Rodoanel Oeste ARTESP 98.9% 20.5 3.4% ViaQuatro CMSP 75% 22.3 5.3% Renovias ARTESP 40% 4.5 2.3% ViaLagos AGETRANSP - RJ 100% 19.8 1.4% San José Airport CETAC 48.8% 9.4 1.1% Curaçao Airport CAH 79.8% 16.6 0.4% VLT² RJ City Hall 24.9% 20.7 0.2% BH Airport² ANAC 38.3% 26.3 0.3% ViaRio² RJ City Hall 66.66% 29.3 0.6% MSVia² ANTT 100% 26.3 2.3% Barcas AGETRANSP - RJ 80% 5.1 -0.8% Metrô Bahia² SEDUR - BA 100% 25.8 3.2% Weighted average (by EBITDA) 10.0 ¹ Services Companies ² Pre operational projects or in ramp up phase during 2016 and/or 2017

12 Consolidated Traffic 2010 – Current (Equivalent Vehicles– YoY) % TRAFFIC TRENDSTRAFFIC YTD 19.2% 2010 22.8% | + 12.1% + | 25.9% 17.2% 27.3% 2011 | + 5.4% + | 10.7% WHY CCR?INVESTING IN 12.3% 4.4% 2012 0.4% 5.1% | + 2.9% + | 3.1% 3.1% 2013 6.2% 2.0% | + 6.0% + | 7.4% 8.5% 2014 3.9% 9.2% | + 2.5% + | -1.3% Resilient businessResilient model -0.7% -3.8% 2015 -3.9% -4.6% - | -6.6% -4.0% -3.2% 2016 -2.6% -4.5% - | -1.3% -6.5% Historical Elasticity: 0.1% 2017 -2.3% ~2.0 GDP~2.0 x | + 1.2% + | 5.0% 5.0% -5.5% 3.1% -4.5% 13 FINANCIAL HIGHLIGHTS

IFRS Proforma Financial Indicators (R$ MM) 3Q17 3Q18 Chg % 3Q17 3Q18 Ch g % Net Revenues 1 1,983.1 2,090.3 5.4% 2,136.0 2,310.8 8.2% Adjusted Net Revenues on the same basis 2 1,983.1 2,064.0 4.1% 2,136.0 2,284.5 7.0% Adjusted EBIT 3 899.7 765.5 -14.9% 969.6 857.0 -11.6% Adjusted EBIT Mg. 4 45.4% 36.6% -8.8 p.p. 45.4% 37.1% -8.3 p.p. EBIT on the same basis 2 899.7 816.2 -9.3% 969.6 907.7 -6.4% EBIT Mg. on the same basis 2 45.4% 39.5% -5.9 p.p. 45.4% 39.7% -5.7 p.p. Adjusted EBITDA 5 1,268.9 1,258.1 -0.9% 1,372.9 1,393.1 1.5% Adjusted EBITDA Mg. 4 64.0% 60.2% -3.8 p.p. 64.3% 60.3% -4.0 p.p. Adjusted EBITDA on the same basis 2 1,268.9 1,307.0 3.0% 1,372.9 1,442.0 5.0% Adjusted EBITDA Mg. on the same basis 2 64.0% 63.3% -0.7 p.p. 64.3% 63.1% -1.2 p.p. Net Income 472.3 365.3 -22.7% 472.3 365.3 -22.7% Net Income on the same basis 2 472.3 405.3 -14.2% 472.3 405.3 -14.2% 1 Net revenue excludes construction revenue. 2 Same-basis figures exclude: (i) ViaMobilidade, whose concession agreement was executed in April 2018; (ii) non-recurring expenses related to the Independent Committee, with an impact of R$17.1 million on EBITDA and R$11.3 million on net income; and (iii) CCR Group’s non-recurring severance costs, with an impact of R$31.8 million on EBITDA and R$21.0 million on net income. 3 Calculated by adding net revenue, construction revenue, cost of services and administrative expenses. 4 The adjusted EBIT and EBITDA margins were calculated by dividing EBIT and EBITDA by net revenue, excluding construction revenue, as required by IFRS. 5 Calculated excluding non-cash expenses: depreciation and amortization, provision for maintenance and the recognition of prepaid concession expenses.

WHY INVESTING IN CCR? Strong Cash generation

14 DEBT IN SEPTEMBER 30, 2018

Gross debt by indexer Hedged gross debt by indexer

3Q18 Not hedged 3Q17 Hedged 3Q18

USD USD Others USD 4.4% 3.6% 4.1% 4.4%

TJLP TJLP 24.5% CDI TJLP 24.5% 45.3% •Hedged 24.2% CDI CDI 56.8% 56.4% IPCA IPCA IPCA 14.7% 25.8% 11.3%

Indebtedness and leverage position

• Total Gross Debt: R$ 17.7 bi (R$18.8 Bn proforma)*

• Net Debt / EBITDA: 2.6 x (2.6 x proforma)

15 DEBT STRUCTURE AND AMORTIZATION IN SEPTEMBER 30, 2018

Amortization (R$ MM) | 2018 | 2019 Amortization Schedule/ Not hedged (R$ MM)

AutoBAn 638 698 BH AIRPORT 422 0 Metrô Bahia 294 767 NovaDutra 93 163 CCR S.A. 52 0 RodoAnel Oeste 26 0 ViaOeste 14 190 SPVias 14 188 RodoNorte 12 166 CCR Espanha S.L.U. 8 0 MSVia 2 0 CPC 0 2 Others 0 207 TOTAL 1,576 2,380

16 STRONG OPERATIONAL AND FINANCIAL PERFORMANCE

Gross Revenues (R$ Bn) Net Revenues (R$ Bn)

8.9 8.3 7.7 7.7 8.2 7.1 7.1 6.6 6.5 5.7 6.0 5.0 5.2 4.2 4.6 3.4 3.8 3.0 2.7 3.1 2.1 2.3 2.5 2.1 2.4 1.6 1.5 2

EBITDA* (R$ Bn) and Margin (%) CF* from Operations and Dividends (R$ mm) 80% 3,288 70% Dividends 63% 63% 64% 62% 59% 60% 57% CF 64% 60% 2,778 53% 63% 61% 64% 59% 2,504 55% 50% 2,138 1,932 40% 1,749

1,307 1,301 1,400 30% 1,283 1,253 1,273 5.1 1,054 1,050 4.6 930 934 957 3.8 4.1 4.2 20% 852 803 2.9 3.3 532 605 609 2.3 10% 1.5 1.7 1.9 0.8 1.1 1.2 0%

All figures include shared controlled assets * (i) EBITDA 2016 excludes the sale of the stake in STP and in 2017 excludes non-recurring effects of the acquisition of stakes in ViaQuatro and ViaRio; (ii) Cash Flow from operations = EBITDA - Capex 17 PROJECTS OUTLOOK

18 HIGHWAYS 44 CONCESSIONS

BR-101/290/448/386/RS Extension Term Total Capex Auction date: 11/01/18 473 km 30 years R$ 7.5 bn BR-364/365/GO/MG (JATAÍ/GO – UBERLÂNDIA/MG) Extension Term Total Capex 439 km 30 years R$ 2.0 bn 424/MG – BH E SETE LAGOAS Extension Term Total Capex 51 km 30 years R$ 459 mi GO- 010/020/060/070/080/213/139 Extension Term Total Capex 896 km 35 years R$ 2.3 bn RODOVIAS DO LITORAL - SP Public consultation in 2017 and bidding in 2018 Estimated investment by ARTESP: more than USD 1 Bi 13 CONCESSIONS - WINNING IN THE NEXT 5 years Extension 10 State concessions 4.610 km 3 Federal concessions 26 CONCESSIONS - INTERNATIONAL MARKET Extension 11 concessions - CHILE 8.982 km 15 concessions - ARGENTINA 20 HIGHWAYS WINNING IN THE NEXT 5 years

Concessions Granting Power Extension Term Revenues 2017 (R$ MM) Centrovias State 218 km Jun-19 398 CONCER Federal 180 km Oct-20 284 NovaDutra Federal 402 km Feb-21 1,297 CRT Federal 143 km Mar-21 243 AB Triângulo do Sol State 442 km Jul-21 476 Caminhos do Paraná State 406 km Nov-21 346 EcoCataratas State 459 km Nov-21 324 ECONORTE State 341 km Nov-21 226 Ecovia State 175 km Nov-21 278 RodoNorte State 568 km Nov-21 751 Viapar State 551 km Nov-21 367 Renovias State 346 km Jun-22 419 ViaOeste State 169 km Dec-22 1,009 Total 4,398 km 6,417

21 URBAN MOBILITY 6 CONCESSIONS

LINHA 15 – METRÔ SP Extension Term Investments: R$ 7,0 bi government Auction date: 15,3 km (11 stations) 20 years R$ 0,2 bi concessionaire 03/11/2019 LINHAS 8 e 9 – CPTM Extension Term Investments: R$ 1,1 bi government 73,1 km (43 stations) 30 years R$ 2,7 bi concessionaire LINHA 7 – CPTM Extension Term Investments: R$ 10 bi, being that 60 km Line 7 - 136 km TIC 30 years R$ 8 bi within the 5 first years LINHAS 11, 12 e 13 – CPTM Extension Serves 7 cities: São Paulo, Guarulhos, Itaquaquecetuba, Poá, 102 km (32 stations) Ferraz de Vasconcelos, Suzano and Mogi das Cruzes. INTERNATIONAL MARKET Extension 1 Concession - BOGOTA 63 km 1 Concession - LIMA

22 13 AIRPORTS

(2017)

° Investments: Northeast: R$ 2,1 bn ° Term: 30 years Midwest: R$ 791 mi Southeast: R$ 644 mi 23 Auctions – Federal Highways 2013

BR-050 Discount BR-040 Discount BR-163/MT Discount Planalto Consortium 42% Invepar 61% Odebrecht 52% Triunfo 37% EcoRodovias & others 45% Triunfo 46% EcoRodovias & others 36% Contern Construções 43% Inves par 43% Fidens & others 36% Fidens & others 29% CCR 36% Queiroz Galvão 35% Intravix & others 24% Fidens & others 31% Invepar & Odebrecht 24% CCR 15% EcoRodovias & others 28% CCR 14% Triunfo 10% Galvão Engenharia 3% Arteris 5% Queiroz Galvão 5%

BR-163/MS Discount BR-060/153/262 Discount BR-153 Discou nt CCR 53% Triunfo 52% Galvão Engenharia 46% EcoRodovias & others 44% Invepar 42% EcoRodovias & others 21% Queiroz Galvão 41% EcoRodovias & others 41% Triunfo 1% Invepar 31% Queiroz Galvão 38% Odebrecht 9% CCR 21% Triunfo 3%

25 Auctions – 2017

Florínea - Igarapava Premium Concession Fee R$ MM Pátria 66% 1,314 Ecorodovias 27% 1,008

Franca - Itaporanga Premium Concession Fee R$ MM Arteris 219% 1,439 Ecorodovias 111% 952

V 4 Airports: only International players

26 Auctions – 2018

Rodoanel Norte Premium Concession Fee R$ MM Ecorodovias 91% 883 Atlantia 12% 518

Lines 5 and 17 Premium Concession Fee R$ MM CCR 185% 554 CS Brasil (JSL and others) 100% 389

BR-135, MG-231 e MG-754* Concession Fee R$ MM Ecorodovias 2,060 Nova MG 1,200 Consórcio Minas Itália 858

V State of Bahia Stretch: Feira de Santana – Xique – Xique, 463 km in extension. The auction took place at B3 on June 06, 2018.

* There wasn`t minimum concession fee 27 Diversification

Net Revenues (ex-construction revenues)

2004 2012 2017

1% 4% 4% 12% 3% 1% 8%

99% 91% 77%

Highways Services Urban Mobility Airports

In 2017, diversification represented R$ 1.9 billion of the total Net Revenues.

28 APPENDIX

35 FEDERAL HIGHWAYS

BR-364/365/GO/MG BR-101/290/448/386/RS (JATAÍ/GO – UBERLÂNDIA/MG)

Extension: 473 km Extension: 439 km (includes 98 km of BR-290 between Osório and Guaíba which are already under private Term: 30 years concession) Choice criterion: Lower fee value Term: 30 years Total Capex: R$ 2.0 bi Traffic: stretches with average of 24 thousand vehicles/daily

Total Capex: R$ 7.5 Bn

Amounts in: 11/01/18

BR-101/290/448/386/RS BR-364/365/GO/MG (Jataí/GO – Uberlândia/MG)

Existing double lane

Single lane

36 STATE HIGHWAYS - GO GO- 010/020/060/070/080/213/139

Extension: 896 km

Term: 35 years

Choice criterion: Lower fee value

37 STATE HIGHWAYS - MG

424/MG - BELO HORIZONTE (MG010) AND SETE LAGOAS

Extension: 51 km

Term: 30 years

Total Capex: R$ 459 mi

Amounts in: Jan/16

38 STATE HIGHWAYS - SP

RODOVIAS DO LITORAL

Public consultation in 2017 and bidding in 2018

Estimated investment by ARTESP: more than USD 1 Bi

39 URBAN MOBILITY

LINE 15 – METRÔ SP

Monorail / Extension: 15.3 km (11 stations)

Daily demand: 350 thousand passengers / day

Investments: R$ 7.0 billion – government R$ 0.2 billion – concessionaire

Concession Term : 20 years

Auction date: 03/11/2019

SILVER LINE / MONORAIL

40 URBAN MOBILITY

LINE 8 and 9 | CPTM LINE 11, 12 and 13 | CPTM

Serves 6 cities Serves 7 cities São Paulo, Osasco, Carapicuiba, Barueri, São Paulo, Guarulhos, Itaquaquecetuba, Poá, Jandiraand Itapevi Ferrazde Vasconcelos, Suzanoand Mogi das Cruzes. Current demand 1.0 million passengers / day Extension Line 11: 51 km (16 stations) Investments: Line 12: 39 km (13 stations) R$ 1.1 billion - government Line 13: 12 km (3 stations) R$ 2.7 billion - concessionaire Daily demand Concession Term : 30 years Line 11: 504 thousand passengers Line 12: 220 thousand passengers 73.1 km extension Line 13: 120 thousand passengers (expected ) and 43 stations

41 URBAN MOBILITY

LINE 7 | CPTM