Annual & Sustainability Report 2017
MESSAGES
ABOUT THE
REPORT
THE
CCR GROUP
STRATEGY AND
OPPORTUNITIES
BUSINESS
MODEL
SERVICES
TOLL ROADS
URBAN
MOBILITY
AIRPORTS
OUTLOOK
Economic performance
CCR Group's growth strategy is defined by the Board of
Directors on the basis of a long-term vision that seeks
to combine business continuity, the creation of financial
and non-financial value and diversification through
new business and concessions. In order to establish
the general guidelines for conducting business, the
company revisits and establishes the General Business
Plan on an annual basis.
This document contains the General Goals and
Guidelines (GGGs) prepared using the Strategic
Objectives defined by the Board of Directors and that
cover all CCR Group units. The GGGs aim at aligning
the main strategic guidelines across the Group and
at formalizing and implementing the governance and
management model that enables new infrastructure
and service investments, guaranteeing solidity, business
continuity and risk diversification, considering the
external context and stakeholder expectations.
In 2017, CCR Group made investments of
R$ 3.3 billion in works and improvements in the
concessions under its management. Despite the
recessionary economic scenario for the country
that remained in place until the first half of last
year, the net financial result was negative in
R$ 1.2 billion, affected by the lower cost of debt
due to the reduction of the interest rate as of the
second half of the year.
In comparison with the performance of 2016,
consolidated net revenue increased 12.4%,
totaling R$ 7.5 billion. Net income reached
R$ 1.8 billion, 4.9% up from the figure recorded
in the prior year. These comparisons, however,
do not exclude non-recurring effects that had an
impact in both periods on the management of
CCR Group's financial capital - sale of STP in 2016
and the acquisition of control of ViaRio
and ViaQuatro in 2017.
CCR Group's General
Business Plan, revisited on an
annual basis, establishes the
General Goals and
Guidelines for all units
EBITDA
3,657.5
5,371.4
5,169.0
59.9% O
NET REVENUE
(R$ million)
6,106.9
6,704.4
7,537.7
။
2017
80.1%
2015
2016
• 68.6%
2015
2016
2017
O Adjusted EBITDA (R$ million)*
O-Adjusted EBITDA Margin
*Calculated excluding non-cash expenses.
GROSS DEBT
(R$ million)
14,135.1 16,186.5
874.4
NET INCOME
(R$ million)
1,713.9
1,797.5
=
2015
2016
2017
INVESTMENTS
(R$ million)
16,905.2
3,086.2 4,024.5 3,256.3
=
2015
2016
2017
2015
2016
2017
13 Annual & Sustainability Report 2017 ⚫ CCR GroupView entire presentation