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Investor Presentaiton

EXECUTIVE SUMMARY Piracicaba-Panorama Lot | Financials Summary ooooO Investments (30 years) • • Total Capex: USD 3.7 billion Main Interventions: USD 1.5 billion Economic Results FCFF Unlevered IRR: 9.35% $ $ Approximate figures; Real terms $ Operation (30 years) Total Opex: USD 1.5 billion • Revenues (30 years) • Tariff Revenue: USD 10.9 billion Ancillary Revenue: USD 330 million • Granting Authority Payments • • • Minimum Upfront Concession Fee: USD 4 mln Variable Concession Fee: 9% (of total revenues) | from year 2 5% exclusively attributable to the Frequent User Discount protection mechanism 4% exclusively attributable to the FX Protection mechanism. Inspection Fee: 3% (of total revenues) (paid to the authority for the sake of contract monitoring) Toll Plazas • 5 Existing Toll Plazas Operation Start: Effective date of Contract 16 New Toll Plazas Operation Start: 13th month of Contract SÃO PAULO GOVERNO DO ESTADO ARTESP AGÊNCIA DE TRANSPORTE DO ESTADO DE SÃO PAULO IFC International Finance Corporation BNDES IDB WORLD BANK GROUP 15
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