Ajudando O Brasil a Chegar Ao Futuro
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AJUDANDO O BRASIL A CHEGAR AO FUTURO 1 EcoRodovias is one of Brazil’s major infrastructure groups, operating eleven highway concessions in eight states RODOANEL 3.1 thousand 3.5 kilometers thousand of highways direct managed employees 292 million R$ 888 vehicle million equivalents invested in 2018 in 2018 64.7% 56% 44% GDP POPULATION CARGO TRANSPORTED We operate the main corridors of Brazil’s South and Southwest: Geographic footprint concentrates 2/3 of Brazilian GDP, 1/2 of the country’s population, and 1/2 of all the Brazilian cargo imported and exported 2 3 1997 1998 2002 2007 2009 First Two new Conclusion of Acquisition of Ecopistas concession: concessions: construction Ecocataratas concession Ecovia Ecovias of Imigrantes awarded Ecosul Highway 2010 2013 2015 2018 2019 Group Start of Eco101 Ecoponte Group adds new Ecovias do Cerrado goes concession awarded businesses: concession public awarded EcoRodoanel, Eco050, Eco135 4 5 Ownership ON: 50% ON: 50% Structure PN: 100% PN: 0% Primav Infraestrutura 63.99% 31.02% Free float 4.99% 6 7 Engineering and maintenance Business strategy To grow via R$ 10 highway billion infrastructure invested in highways in Brazil Growth Auctions 306 Acquisitions bridges Execution of new projects Execution of construction projects in current portfolio 627 overpasses 41 tunnels Efficiency Quality and excellence Using innovative technologies while in user services respecting the environment Pioneer in use of rubber-modified asphalt VALUES Use of low temperature asphalt, which reduces CO2 emissions Collaboration Ethics Management of embankments on mountainous stretches using Results-oriented rain-detection and preventive systems Initiative Sustainability 8 9 Main construction projects Teams constantly seek completed new technological solutions that Downhill Lane improve user comfort and safety on Imigrantes Highway 21 kilometer stretch Capacity expansion of Anchieta-Imigrantes System, shortening travel time to the coast Reduction of 40 times in area deforested compared to onstruction of the uphill lane in the 1970s Regarded a model of environmental management by the Inter-American Development Bank (IDB) Cubatão-SP Beltway 6 overpasses with total length of 2.8 kilometers Elimination of bottlenecks on old Carvalho Pinto Highway is Brazil’s second Cubatão Cloverleaf Interchange with Wi-Fi coverage Extension of Ayrton Senna/ Carvalho Pinto Highway Tunnels stretch on downhill lanes of Imigrantes Highway are 100% video monitored 10.7 kilometer stretch Increase in traffic capacity and shorter travel times 20 weather stations provide real-time information on fog and rain Expansion from two-lane to four- lane of Highway BR-277 - PR Total of 453 cameras: 29 with infrared and 19.4-kilometer stretch 104 prepared for automatic detection of accidents between Matelândia and Medianeira Monitoring by drones of construction works and right-of-way on several highways Increase in traffic capacity 10 and reduction in accident risk 11 177 R$ 6.2 137 R$ 828 kilometer billion kilometer million stretch invested stretch invested 7 The Group’s first concessionaire, 1 Ecovias manages the Anchieta- toll plaza Ecovia is the main link between toll plaza Imigrantes System, the main 61 million Curitiba and Port of Paranaguá Port, 17 million connection between the state Brazil’s most important for grain capital of São Paulo and Latin vehicle vehicle exports. America’s largest port. equivalents 7 equivalents 3 in 2018 operational bases in 2018 operational bases Ecopistas is responsible for the Since 2015, Ecoponte manages Ayrton Senna/Carvalho Pinto the longest bridge in the southern corridor, which is vital to industrial hemisphere, which is responsible R$ 1.6 135 distribution in the Vale do Paraíba for connecting Rio de Janeiro with region. R$ 264 23 Niterói and the interior of Rio de billion kilometer million kilometer Janeiro state. invested stretch invested stretch 4 1 toll plaza 84 million toll plaza 29 million vehicle vehicle 5 equivalents equivalents in 2018 operational bases in 2018 12 13 457 R$ 869 476 R$ 944 kilometer million kilometer million stretch invested stretch invested 7 5 toll plaza toll plaza Managing the Espírito Santo A Ecosul manages the Pelotas 26 million stretch of Highway BR-101, 47 million Highway Complex, responsible for Eco101 connects five major ports connecting Highway BR-116 and vehicle in the states of Rio de Janeiro, vehicle 12 Highway BR-392. equivalents 5 Espírito Santo and Bahia. equivalents operational bases in 2018 operational bases in 2018 Responsible for an important Highway BR-050, which connects agricultural shipping corridor, the states of Minas Gerais Ecocataratas is the main route and Goiás, was acquired in the to the Tri-Border region of Brazil, 437 secondary market by EcoRodovias R$ 924 387 Paraguay and Argentina. and will be managed by Eco050. million kilometer kilometer invested stretch stretch 6 5 toll plaza toll plaza 27 million vehicle 5 equivalents operational bases in 2018 14 15 364 R$ 69 kilometer million stretch invested 437 kilometer 6 stretch toll plaza 7 5 toll plaza A Ecovias do Cerrado In 2018, Eco135 began operational bases is responsible for managing managing BR-135, an important this important route between corridor connecting the country’s 6 Uberlândia (MG) and Jataí (GO) operational bases Southeast, South and Northeast. Ecorodoanel will be responsible A Ecorodovias constantly works to identify new for managing the North Beltway, investment opportunities to support the company’s the last of four stretches of sustainable growth 47 highway encircling the São Paulo kilometer metropolitan area. stretch PARTICIPATION IN AUCTIONS ASSET YEAR # ASSET YEAR # Rodovia Ayrton Senna 2009 1st Tamoios 2014 2nd 5 Rodoanel Sul-Leste 2010 3rd Contorno de BH 2014 1st toll plaza BR-101/ES/BA 2012 1st Ponte Rio Niterói 2015 1st BR-050/GO/MG 2013 3rd Centro Oeste Paulista 2017 2nd BR-163/MT 2013 6th Rodovia dos Calçados 2017 2nd BR-060/153/262/DF/GO/MG 2013 3rd Rodoanel Norte 2018 1st BR-163/262/267/MS 2013 2nd BR-135 2018 1st BR-040/MG 2013 2nd RIS 2018 3rd Pending the signing BR-153/TO/GO 2014 2nd BR-364/365 2019 1st of the concession agreement. 16 17 Ecoporto operates on the right bank of the Port of Santos, Latin America’s largest. 175,000 sq. m. of bonded area 16,000 sq. m. of warehouses for cargo storage 3 private berths for mooring vessels 700,000 TEUs operating capacity 18 19 Sustainability is a core value of the EcoRodovias Group, which undertakes solid social, environmental, economic and ethical commitments. The group been a component of the Corporate Sustainability Index (ISE) of the B3 for nine years. For two years, the group is included on the Climate A List of the Carbon Disclosure Project (CDP) - Driving Sustainable Economie, for its management of greenhouse gas emissions Featured in the “Exame Sustainability Guide” for six years First company certified by the standard ISO 26000 People management at EcoRodovias In 2014, it became a signatory to the strives to encourage the training, Global Compact diversity and valuing of professionals 20 21 Ecorodovias implemented a strong compliance Financial Highlights 2018 and risk program to ensure that the group’s practices are aligned with the highest global standards of corporate governance FINANCIAL INDICATORS CREDIT RATINGS (R$ million) em 11/21/2019 Net Revenue¹ 2,516 AGENCY EBITDA² 1,761 brAAA brAAA - - S&P (Esc. Nacional) (Esc. Nacional) EBITDA Margin² 70% Net Income 393 Ba2 (Esc. Global) Ba2 (Esc. Global) Moody’s - - Capex 888 e Aa2.br (NSR) e Aa2.br (NSR) RISK MANAGEMENT Identification, analysis of scenarios Net Debt 4,781 Fitch AA (bra) - - AA+ (bra) and assessment of risks that can impact Ratings the achievement of the goals Net Debt/EBITDA² 2.7x of the Organization INTERNAL AUDIT Independent review RISK of the internal controls GROSS DEBT BY INSTRUMENT EBITDA HIGHWAY CONCESSIONS environment, risk (R$ million e %) R$1,772 million MANAGEMENT management and compliance program, directly reporting to the 86 560 Audit Committee 1 83 5% 8% % 95 5% 214 12% COMPLIANCE INTERNAL AUDIT 769 221 13% 43% 6,863 COMPLIANCE 91% Internal integrity controls and procedures based 203 11% on the Code of Conduct to strengthen a culture INTERNAL 199 11% of integrity and corporate CONTROLS compliance practices. • ECOVIAS • ECOPISTAS • ECOVIA • DEBENTURES • BNDES • OTHERS • ECOCATARATAS • ECOSUL • ECO101 • ECOPONTE INTERNAL CONTROLS Determination of internal controls that mitigate or eliminate the risks detected AVAILABLE CASH R$ 2.7 billion 1 Excludes construction revenue 2 Excluding construction revenue and costs and provision for maintenance 3 Excludes effect of assets held for sale 22 23 AJUDANDO O BRASIL A CHEGAR AO FUTURO 24.