Annual & Sustainability Report 2017
MESSAGES
ABOUT THE
REPORT
THE
CCR GROUP
STRATEGY AND
OPPORTUNITIES
BUSINESS
MODEL
SERVICES
骨
TOLL ROADS
URBAN
MOBILITY
AIRPORTS
OUTLOOK
10
Strategy and opportunities
CCR Group's business model and the creation
of value within the units are directly linked
to Brazil's economic growth and dynamism.
Between 2015 and 2016, there was a
cumulative decrease of 7.2% in the country's
Gross Domestic Product (GDP), which resulted
in higher unemployment, lower household
consumption, less traffic on the roads,
and other factors. These conditions were
compounded by rising inflation which led to
continuously high interest rates.
Starting in the second half of 2017, this
scenario began to change and to indicate
the recovery of Brazilian economic activity.
The Selic rate dropped to 7%, the lowest
level since 2013. The country recorded, for
example, an increase in exports of agricultural
products and mineral commodities, as well
as an increase in the production and sale of
vehicles. The level of unemployment, although
still at high levels (above 12%) at year-end
closing, also began to drop.
The more favorable conditions allowed CCR
Group to present more positive financial and
operating performance results at the close
of 2017. While the interest rate downslide
favored the reduction of the net debt, the
volume of traffic on the roads grew in the
last two quarters of the year. The number of
urban mobility equipment users and airport
departures also increased in the period,
another sign of economic recovery.
Toll roads
Urban
mobility
Airports
Growth of traffic (millions
of equivalent vehicles)*
1,005
969
981
2015
2016
2017
*Information only on the controlled concessions,
disregarding Renovias and ViaRio.
Passengers
transported
(millions)*
272
239
219
2017
*Consolidated information on the concessions, regardless of the
ownership percentage of CCR Group.
10.5
४
In the political scenario, important structural
reform projects were resumed by the
government, aimed at reducing indebtedness
and adjusting government accounts. However,
the government's capacity to make the
infrastructure investments needed for the
country's growth continues to be negatively
affected by the recent recession and the slump
in tax revenues.
The partnership between private sector and
grantor authorities is an important lever
to enable the country to overcome the
various challenges it currently faces, such as
improving the logistics of goods and services
and mobility in urban centers. In this respect,
the Investment Partnership Program (PPI),
launched in 2016 by the federal government,
caters to the interests of society, having
enabled approximately R$ 142 billion in
investments in the last 18 months, according
to data released by the Federal Government
Avançar Parcerias (Advance Partnerships)
program. Last year another 57 projects were
included in the PPI; among these were new
airport and toll road concessions expected to
be awarded by the end of 2018.
At the state level, local governments have
also shown signs to willingness to form
partnerships in the area of infrastructure.
The urban mobility segment, with special
emphasis on rail transport, will require
significant investments in the construction
and modernization of assets, opening up new
business opportunities for CCR Group.
2015
2016
Boarding
passengers
(millions)*
11.1
10.2
Annual & Sustainability Report 2017 • CCR Group
2015
2016
2017
*Consolidated information on the concessions in Brazil and
abroad, regardless of the ownership percentage of CCR Group.View entire presentation