1Q09 Results

May 08th

This presentation contains certain statements that are neither reported financial

results or other historical information. They are forward-looking statements.

Because these forward-looking statements are subject to risks and uncertainties,

actual future results may differ materially from those expressed in or implied by the

statements. Many of these risks and uncertainties relate to factors that are beyond

CCR’s ability to control or estimate precisely, such as future market conditions,

currency fluctuations, the behavior of other market participants, the actions of

governmental regulators, the Company's ability to continue to obtain sufficient

financing to meet its liquidity needs; and changes in the political, social and regulatory

framework in which the Company operates or in economic or technological trends or

conditions, inflation and consumer confidence, on a global, regional or national basis.

Readers are cautioned not to place undue reliance on these forward-looking

statements, which speak only as of the date of this document. CCR does not

undertake any obligation to publicly release any revisions to these forward looking

statements to reflect events or circumstances after the date of this presentation.

Forward Looking Statement

While preparing the financial statements for 2008, the Company, for the first

time, adopted the changes introduced by Law 11638, approved on

December 28, 2007, with the respective changes introduced by the

Provisional Presidential Decree 449, of December 3, 2008.

For quarterly comparative purposes, the Company complied with CVM

Resolution 506, of June 19, 2006, taking into account the retrospective

effect of the changes determined by said legislation and is consequently

presenting again the information for the first quarter of 2008.

Results Presentation

Highlights

Results

Outlook

Social Responsability

Agenda

Highlights

Operating

• Traffic increase 16.3% in the 1Q09. Regarding 4Q08, traffic increase by

4.8%. Comparing the same traffic base, i.e., without Renovias and

RodoAnel Oeste, traffic dropped by 2.0% in the 1Q09.

• Net Revenue totaled R$ 716.0 milhões (+15.4%) in the 1Q09.

• 47.4% increase in AVI users in the year, compared to 2008, totaling 1,427

thousand. 1Q09 added 124 thousand Tag`s, a 107% growth compared to

1Q08.

• On February 9, 2009, CCR entered into an irrevocable and irreversible Share

Purchase Agreement subject to Suspensive Conditions and adjustments for

the acquisition of shares representing 45% of the capital stock of Controlar

S.A. CCR investment, will amount to R$121,014.000.00 .

Highlights

Events

Highlights

• On April 15, 2009, the Company approved the payment of additional 2008

dividends proposed by the management, of R$ 0.25 per share, paid as of

April 30, 2009 and R$ 0.10 will be paid by the end of 2009, totaling R$ 141.1

million. Considering the anticipation of dividends of R$ 1.00 per share paid on

September 30th, 2008, payout came to 76.3% for the fiscal year of 2008.

• On May 4, 2009, the Company informed its shareholders and the market in

general that it has entered into an irrevocable and irreversible Share

Purchase Agreement with Brisa – Autoestradas de Portugal S.A. (“Brisa”) for

the sale of CCR’s entire interest (10% of the capital stock) in Northwest

Parkway, LLC, in the amount of US$ 29.1million.

Upcoming Events

Results

... that our business is resistant to the economy’s ups and downs.

The results reinforce our perception...

* Not included Renovias and RodoAnel

(1) Total Costs + Administrative Expenses

(2) Includes prepaid expenses

Financial Highlights 1Q08 1Q09 Chg % 1Q09 * Chg % *

R$ Million Reclassified

Net Revenue 620.4 716.0 15.4% 673.4 8.5%

Total Costs (1) (305.6) (370.3) 21.2% 335.7 9.8%

EBIT 314.7 345.7 9.8% 337.6 7.3%

EBIT Margin 50.7% 48.3% -2.4 p.p. 50.1% -0.6 p.p.

Depreciation and Amortization (2) 87.4 109.2 24.9% 92.0 5.3%

EBITDA 402.2 454.8 13.1% 429.6 6.8%

EBITDA Margin 64.8% 63.5% -1.3 p.p. 63.8% -1.0 p.p.

Net Financial Result (62.3) (82.9) 33.0% (49.2) -21.1%

Inc. tax and Soc. Contribution (Current and Deferred) (87.7) (105.2) 19.9% (102.0) 16.3%

Net Income 162.2 155.9 -3.9% 181.1 11.7%

Net Financial Result 1Q08 1Q09 Chg % 1Q09 * Chg % *

R$ Million Reclassified

Net Financial Result (62.3) (82.9) 33.0% (49.2) -21.1%

Financial Expenses: (105.7) (150.9) 42.7% (112.9) 6.8%

- Exchange Rate Variation (12.8) (5.5) -57.2% (5.5) -57.2%

- Hedge Transactions lost (18.3) (18.6) 1.5% (18.6) 1.5%

- Monetary Variation (19.4) (1.7) -91.3% (1.7) -91.3%

- Interest on Short-term and Long-term Debt (48.4) (110.8) 128.8% (73.2) 51.2%

- Other Financial Expenses (6.8) (14.3) 109.5% (13.9) 103.9%

Financial Income: 43.4 68.0 56.6% 63.7 46.8%

- Hedge Transctions gain 14.4 4.8 -66.8 % 4.8 -66.8%

- Exchange Rate Variation 6.1 18.0 196.8 % 18.0 196.8%

- Monetary Variation - 8.3 n.a. 8.3 n.a.

- Other Financial Revenues (Interest and Proceeds from Investments) 23.0 36.9 60.8 % 32.6 41.8%

Net Financial Result

* Not included Renovias and RodoAnel

224

259

310 309299

263

322 323341

326

411

366

402

374

482473

54% 55%

60%

56%58%

51%

59%57%

62%

59%

65%

59%

67%64%

67%

1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08 4Q08

EBITDA (R$ million) x EBITDA Margin

59%

366

63%

1Q09

454

Business Dynamics

1Q07 1Q08 1Q09

Cash

Revenues Breakdown 1Q09Concession Breakdown

Revenues

Toll Payment Method

96,2%

Other 2.0%

95.4%

Toll

53%

51%48%

47%49%

52%

Electronic

Renovias

STP 2.6%

AutoBan

34%

NovaDutra24%

Rodonorte11%

Ponte4%

ViaLagos

2%

ViaOeste16%

3%

Other3%

Rodoanel3%

Quarterly Breakdown - 1QO9 x 1Q08

Quarterly Evolution

125 131140

163

1Q06 1Q07 1Q08 1Q09

Traffic (Vehicle Equivalents – millions)

AutoBAn NovaDutra RodoNorte

Ponte ViaLagos

-3.4%

-4.2%

-2.5%

0.9%

6.3%

1.0%

ViaOeste

Renovias

-2.4%

D&A

Third-Party

Concession Fee

Payroll

Other

Net Revenue

R$ (

millio

n)

1Q06 1Q07 1Q08 1Q09

716.0

51

%

28%

15%

17%

28%

27%

23%

12%

16%

22%

27%

16%

16%

13%

28%

305.6285.3

301.2

620.4

545.9

514.5

49

%52

%59

%

27%

21%

13%

15%

24%

27%

30%

15%

14%

14%

28%

15%

17%

12%

28%

27%

22%

12%

16%

23%

27%

16%

18%

14%

25%

370.3

Net Revenues & Total Costs

The 1Q09 operating margin was affected by the new businesses ...

... higher Depreciation & Amortization and maintenance.

Other: insurance, rent, marketing, travel, electronic payment and conservation and material for conservation and maintenance.

Third-Party Services: auditing, consulting, shared services and routine maintenance.

Gross Debt Net Debt

1Q06 1Q07 1Q08 1Q09

Short Term Long Term In R$

3,935

1,396

R$ (m

ilio

ns

) 1,703

1,973

87%

100%97%

Net Debt Net Debt / EBITDA LTM

1,116983

1,091

2,810

0.72

1.57

0.790.95

1Q06 1Q07 1Q08 1Q09R

$ (m

illio

ns

)

91%

Indebtness

Our leverage, combined with the strong cash flow...

... enables CCR to further expand its business.

Debêntures

IGP-M + 7.6%-11%

Debêntures

CDI + 1.6% ; 103.3% - 105% CDI; 14.75%

BNDES

TJLP + (1.7% - 5.5%)

Commercial

Pappers

CDI+(1.18% - 1.25%)

9%

19%

36%

29%

7%

Foreign

Currency

Indebtness

Our current profile reflects the regular development of any...

Distribution Debt Amortization

... new business, including the taking out of long-term loans.

Maturing in 2009 1,857

Rodoanel PN's 1,159

Amortizations 358

CCR Debenture 340

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

1,857

555

330213 267

133 95186 168 167

R$ (m

illio

n)

Debt Amortization

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

FX BNDES IGPM CDI

1,857

555

213

330

16813395

267186 167

Amortization Schedule by Index

CAPEX (R$ MM) 1Q08 1Q09 2009(E) 2010 (E)

AutoBAn 34.3 67.9 337.2 498.5

NovaDutra 29.4 32.9 161.1 196.0

ViaOeste 13.6 15.8 302.0 162.4

RodoNorte (100%) 8.2 15.3 83.4 96.8

Ponte 3.0 0.8 12.5 18.2

ViaLagos 0.1 0.9 9.5 12.0

ViaQuatro (58%) 12.9 1.9 158.9 123.1

Renovias (40%) - 3.9 36.0 26.3

RodoAnel (100%) - 16.5 53.3 45.5

Other1 1.7 3.1 23.9 19.2

Consolidated 103.2 159.1 1,177.8 1,198.0

1 – Includes CCR, CCR México,CCR USA, Actua, Engelog, Parques and STP.

Capex

Schedule 2009 - 2010

The estimated values for 2009 and 2010 in the concessionaires Rodonorte, ViaQuatro, Renovias and Rodoanel

correspond to CCR‘s stake on the project.

CCR in the Global Context

2009E - US$ MMMARKET

CAPDIV. YIELD EBITDA

EV/

EBITDA

NET DEBT/

EBITDA P/E ROE SALES EV YTD % *

ABERTIS INFRAESTRUCTURAS 12,624 4.2 3,136 11.0 6.2 15.6 15.9 5,040 34,571 12.06

ATLANTIA SPA 10,789 5.4 2,747 9.3 5.0 11.9 17.1 4,570 25,590 8.02

SOCIETE DES AUTOROUTES 7,227 5.1 1,603 11.4 5.7 16.8 263.4 2,372 18,198 -3.64

CCR 5,338 2.9 922 7.1 1.7 15.5 37.4 1,468 6,509 17.22

PLUS EXPRESSWAY 4,484 5.2 670 11.2 3.3 14.5 18.7 851 7,491 6.04

BRISA 4,238 5.9 628 14.5 8.1 27.1 8.3 900 9,119 -0.97

JIANGSU EXPRESS 4,232 5.8 511 10.4 1.7 14.5 11.0 734 5,331 -3.16

TRANSURBAN GROUP 4,191 4.9 377 18.9 8.5 272.3 -1.5 552 7,109 -20.56

CINTRA CONCESIONES 3,503 2.2 897 13.8 12.8 - -13.8 1,249 12,338 -12.78

MACQUARIE INFRASTRUCTURE 2,484 12.9 -588 - -2.1 - -13.2 170 4,103 22.18

Source: Bloomberg 05/07/2009 – USD $ 1.00 = R$ 2.1213

* In terms of local currency

Social Responsability and Cultural Policy

Social Responsibility and Cultural Policy

Cultura

Health

Education

Tela Brasil Cinema Approximately 500,000 people

Roda Brasil Circus Over 160,000 people

Road to Citizenship 15,000 educators and 870,000 children

I Use de Pedestrian Crossing Over 15,000 children, youngsters and adults

Ways to Life Institute Over 1,350 students

Road to Health Approximately 68,000 truckers assisted

Humanized Childbirth Over 24,000 pregnant women assisted

Zero Alcohol Over 300,000 people impacted

Green Asphalt Over 360,000 recycled tires

SacoLona (canvas bag) Project 3,550 items manufactured by recycling 532 kg of

canvas

Sports’ Caravan 10,200 children from public schools benefitedEnvironment /

Sports

1Q09 Results

May 08th