4Q09 Results

February 23rd, 2010

Forward-Looking Statement

This presentation contains certain statements that are not reported financial results or

other historical information, but rather 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.2

Highlights

Results

Outlook

Social Responsibility and Cultural Policy

Agenda

3

4Q09 Highlights

Operating

Traffic grew by 19.5% in the 4Q09 and 17.1% in the year of 2009. Excluding Renovias and

RodoAnel, traffic edged up by 4.5% in the 4Q09 and 0.2% in 2009.

The number of AVI users (electronic toll system) rose 42.6% compared to the 4Q08, totaling

1,858,000 active tags.

Corporate

CCR’s Management proposes an additional dividend payment to its shareholders, referring to

2009, of R$ 0.23 per share, totaling R$ 101.5 million, to be submitted to the approval of a General

Shareholders’ Meeting. Considering the anticipation of dividends of R$ 1.16 per share paid on

September 30, 2009, payout came to 89.7% for the fiscal year of 2009.

4

Upcoming Events

On October 21, 2009, the Board of Directors approved a capital increase of R$ 1,276.4 million

through the issue of 38,295,000 common shares at R$ 33.00 per share, with financial settlement

on October 27, 2009.

3rd Issue of Common Shares – CCRO3

5

The nonrecurring effects reported this quarter have no impacts on the cash position in the fiscal

year resulting from the recording of penalties and interest on tax liabilities due to the company’s

participation in the program to renegotiate federal tax liabilities (discounts on penalties and

interest and repayment in monthly installments) under the scope of Federal Law 11,941/09.

Nonrecurring Effects

RodoAnel

On December 4, 2009, the Company concluded the disbursement of a US$500 million long-term

loan for RodoAnel Oeste from the Inter-American Development Bank (IADB), the Japan Bank for

International Cooperation (JBIC) and commercial banks.

Consolidated Results

... businesses in startup phase and non-recurring effects.

Income was impacted by higher expenses from depreciation and amortization...

(1) Total Costs + Administrative Expenses

(2) Includes prepaid expenses 6

Financial Highlights 4Q08 4Q09 ∆ % 2008 2009 ∆ %

R$ Million

Net Revenue 734.4 841.4 14.6% 2,734.2 3,089.3 13.0%

Total Costs (1) 357.1 460.7 29.0% 1,366.3 1,610.2 17.8%

EBIT 377.3 380.7 0.9% 1,367.9 1,479.2 8.1%

EBIT Margin 51.4% 45.2% -6.2 p.p. 50.0% 47.9% -2.1 p.p.

Depreciation and Amortization (2) 95.8 139.7 45.8% 363.9 481.3 32.2%

EBITDA 473.1 520.4 10.0% 1,731.8 1,960.5 13.2%

EBITDA Margin 64.4% 61.8% -2.6 p.p. 63.3% 63.5% +0.2 p.p.

Net Financial Result (80.4) (183.5) 128.2% (253.0) (422.2) 66.9%

Inc. Tax and Soc. Contribution

(Current and Deferred)(106.3) (83.0) -21.9% (392.1) (415.2) 5.9%

Minority Interest (1.7) (2.5) 41.1% (9.2) (7.3) -20.2%

Net Income 188.8 111.7 -40.8% 713.6 634.6 -11.1%

Pro Forma Results*

•Pro Forma results: excluding Renovias. RodoAnel . ViaQuatro and Controlar.

** Net income excludes non-recurring effects . 7

Financial Highlights 4Q08 4Q09 ∆ % 2008 2009 ∆ %

R$ Million

Net Revenue 709.7 780.0 9.9% 2,681.8 2,880.6 7.4%

EBIT 372.3 379.4 1.9% 1,354.0 1,435.9 6.0%

EBIT Margin 52.5% 48.6% -3.9 p.p. 50.5% 49.8% -0.7 p.p.

EBITDA 459.3 486.8 6.0% 1,700.3 1,824.8 7.3%

EBITDA Margin 64.7% 62.4% -2.3 p.p. 63.4% 63.3% -0.1 p.p.

Net Income** 198.3 232.7 17.4% 720.3 821.0 14.0%

Net Margin 27.9% 29.8% +1.9 p.p. 26.9% 28.5% +1.6 p.p.

Excluding businesses in startup phase and non-recurring effects...

...net income registered strong improvement.

Net Financial Result

8

Higher debt, higher share of debt in foreign currency...

...and non-recurring effects negatively impacted our net income.

Net Financial Result (R$ MM) 4Q08 4Q09 ∆ % 2008 2009 ∆ %

Net Financial Result (80.4) (183.5) 128.2% (253.0) (422.2) 66.8%

Financial Expenses: (139.1) (362.8) 160.8% (440.9) (788.0) 78.7%

- Exchange Rate Variation (42.4) (4.5) -89.3% (75.7) (10.5) -86.1%

- Losses from Hedge Operation (0.4) (11.4) n.m. (30.8) (66.0) 114.3%

- Monetary Variation (11.5) (2.4) -79.2% (79.9) (7.1) -91.1%

- Interest on Loans, Financing and Debentures (80.8) (113.9) 41.0% (229.5) (440.7) 92.1%

- Other Financial Expenses (4.0) (230.5) n.m. (25.1) (263.6) n.m.

Financial Income: 58.7 179.3 205.5% 187.9 365.8 94.7%

- Gains from Hedge Operation 37.7 3.4 -90.9% 73.7 3.9 -94.7%

- Exchange Rate Variation 0.2 30.7 n.m. 22.8 106.7 n.m.

- Monetary Variation 0.8 1.5 79.8% 2.6 17.4 n.m.

- Others (Interest and Investment Income) 20.0 143.7 n.m. 88.8 237.8 n.m.

Traffic (Vehicle Equivalents – million)

Traffic Variation by Concessionaire

Consolidated

10

155,765186,186

148,153 154,838

598,340

700,651

584,877 585,892

4Q08 4Q09 4Q08* 4Q09* 2008 2009 2008* 2009*

6.1%

0.4% 0.4%

-3.2%

9.9%

2.4% 2.3%1.0%

14.1%

7.2%4.3%

1.7%4.5%

68.7%

AutoBan NovaDutra RodoNorte Ponte ViaLagos ViaOeste Renovias

4Q08 x 4Q09

2008 x 2009

* VEQ in the same base, excluding Renovias and RodoAnel

Revenues

Toll Payment Method

Revenue Breakdown – 4Q09

Concession Breakdown – 4Q09

11

46% 43% 47% 44%

54% 57% 53% 56%

4Q08 4Q09 2008 2009 35%

24%

16%

10%

3%

2%

3%4%

4%

AutoBan

OtherRodoAnel

Renovias

ViaLagos

Ponte

RodoNorte

ViaOeste

NovaDutra

AncillarySTP / Controlar

Toll

94%

4%2%

Eletronic Cash

Net Revenues & Total Costs

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

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

Despite the three projects in startup phase…

...our operational efficiency prevailed.12

51%

52%

D&A

Third-Party

Payroll

Other

Net Revenue

23%

25%

13%

23%

16%

26%

25%

16%

17%

16%

27%

22%

16%

18%

18%

4Q06 4Q07 4Q08 4Q09

567.6

633.8

734.4

841.4

26%

24%

20%

13%

17%

334.4

350.6 357.1

460.7

59%

55%

49% 5

5%

Concession Fee and Prepaid

Expenses

Indebtedness

Gross Debt

... but still do not fully consider the additional cash flow.

Net Debt

Leverage indices incorporate investments in new assets...

Short Term Long Term In R$ Net Debt Net Debt/ EBITDA LTM

* The gross and net debts presented above do not consider transaction costs.13

4Q06 4Q07 4Q08 4Q09

1,756

1,997

3,722

5,034

100%

97%

90%

78%

1,1391,227

2,631

2,904

4Q06 4Q07 4Q08 4Q09

0.940.85

1.52

1.48

Indebtedness

Distribution Current Debt Amortization Schedule

Amortization schedule in line with cash generation...

…and 60% of amortizations scheduled for 2010 will be renegotiated.

BNDES

Debentures

( IGPM )

Index-linked

to CDI

Foreign

Currency

60%

13%

7%6%

Fixed Rate

11%

3%

Debentures

( IPCA )

14

992

412

824

351313

255328

257

501

335 330

74 7241 34

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

6%

22%

3%

11%

10%

48%

R$ (million)

Debt to be renegotiatied

600

13.4% 13.5%

12.0%11.6%

12.5%

9.9%9.4% 9.4% 9.2% 9.2% 8.9%

8.1%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09

Evolution in the Average Nominal Cost of Debt

Consolidated Cost of Debt

Lower interest rates and the stronger Brazilian real...

...helped lower the projected average cost of CCR’s debt. 15

Capex

Schedule 2009 - 2010

17

CAPEX (R$ MM) 1Q09 2Q09 3Q09 4Q09 2009 2010 (E)*

AutoBAn 67.9 82.7 61.9 66.6 279.1 483.0

NovaDutra 32.9 40.3 52.5 47.0 172.7 308.2

ViaOeste 15.8 53.3 85.8 83.0 237.8 177.7

RodoNorte (100%) 15.3 12.3 21.0 44.8 93.3 115.9

Ponte 0.8 0.9 2.6 3.8 8.2 28.8

ViaLagos 1.0 0.6 2.5 2.5 6.6 14.6

ViaQuatro (58%) 1.9 21.7 20.8 26.9 71.3 199.7

Renovias (40%) 3.9 9.6 6.4 6.1 26.0 32.9

RodoAnel (100%) 16.5 24.4 16.7 8.1 65.7 72.8

Controlar (45%) - - 2.0 6.8 8.8 13.8

Other1 3.1 4.5 5.2 1.2 14.1 35.5

Consolidated 159.1 250.3 277.4 296.7 983.6 1,483.0

1 - Includes CCR, CCR Mexico, CCR USA, Actua, Engelog, Parques and STP.

* CCR estimates for 2010.

Capex

Schedule 2009 - 2010

CAPEX (R$ MM) 2009 (E)* 2009 (A) 2010 (E)**

AutoBAn 337.2 279.1 483.0

NovaDutra 161.1 172.7 308.2

ViaOeste 302.0 237.8 177.7

RodoNorte (100%) 83.4 93.3 115.9

Ponte 12.5 8.2 28.8

ViaLagos 9.5 6.6 14.6

ViaQuatro (58%) 158.9 71.3 199.7

Renovias (40%) 36.0 26.0 32.9

RodoAnel (100%) 53.3 65.7 72.8

Controlar (45%) 21.8 8.8 13.8

Other1 23.9 14.1 35.5

Consolidated 1,199.6 983.6 1,483.0

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

* CCR estimates for 2009 (11/12/2009)

** CCR estimates for 2010. 17

Approximately R$ 200 million

postponed to 2010.

R$ 275 million related to

contractual addendums.

R$ 30 million related to contractual

addendums.

Outlook

Current portfolio maximization

Capital discipline for new businesses

Focus:

RodoAnel : South segment + East segment

Acquisitions in the Secondary Market

Correlated Businesses

Infrastructure: 2014 World Cup / 2016 Olympics – Mobilidade Urbana

Federal and São Paulo State Concession Program

FARAC III - Mexico

Negotiations of addenda for Ponte and NovaDutra finalized

Value creation through addenda to concession agreement

Investment of offering proceeds

18

Start of commercial operations at ViaQuatro

Social Responsibility and Cultural Policy

19

Social Responsibility and Cultural Policy

Tela Brasil Cinema Approximately 550,000 people

Roda Brasil Circus Over 210,000 people

Theatre Festival More than 30,000 theatre tickets distributedCulture

Road to Citizenship 21,000 educators and over 1 million children

I Use de Pedestrian Crossing Over 60,000 children, youngsters and adults

Ways to Life Institute Over 1,350 students

Road to Health Over 100,000 truckers assisted

Humanized Childbirth Over 23,000 pregnant women assisted

Health

Green Asphalt Over 360,000 tires recycled

Environment/ Sports

SacoLona (canvas bag) Project 6,500 articles made

Education

Zero Alcohol Over 300,000 people impacted

Sports’ Caravan Around 16,500 children from public schools benefited

21

4Q09 Results

February 23rd, 2010