Investor Presentaiton
Airports
GRU Airport Tariff Revenue decreased 4.4%
in 2019. This reduction is related to Avianca's
financial reorganization, with no flights at GRU
Airport since April 2019, and to the drop in cargo
volume and TAM (Total Aircraft Movement)
number. Non-Tariff Revenue increased by 7.5%
in relation to 2018, with emphasis on revenues
from the new operations of the VIP Room and
hangars, stores opened and contracts signed with
large food groups, in addition to the increase in
car rental services and transportation apps.
Toll Roads
In 2019, Highway Tariff Revenue increased by 5%, due
to the higher number of VEPS recorded throughout
the year and contractual tariff adjustments.
Urban Mobility
The growth in Urban Mobility Tariff Revenue reflects
the contractual adjustment of the MetrôRio fair by
7%, from R$ 4.30 to R$ 4.60. The new tariff was
authorized in February 2019 by the Regulatory
Agency for Public Services Granted for Water, Rail
and Metro and Highway Transportation in the
State of Rio (Agetransp), based on the concession
contract. The increase in Non-Tariff Revenues is
linked to innovation programs, campaigns and
strategic partnerships over the year, including
revenues from cell phone operator antennas
and wi-fi routers at stations, floor-area rental
and revenue from maintenance contracts and
operations with the RioBarra Concessionaire.
Adjusted Net Income (R$ Million)
3,386.7
3,294.6
3,044.7
2,888.6
2,717.6
2,024.7
2,038.3
1,765.6
1,649.0
1,624.8
775.6
932.6
960.2
943.5
1,006.4
317.2
307.0
318.9
326.4
342.0
2015
2016
2017
2018
2019
Airports
Revenue per segment (R$ Million)
Gross Operating Revenue
Tariff Revenues
Airports
Urban Mobility
Toll Roads
Non-Tariff Revenues
Airports
Urban mobility
Toll Roads
Construction Revenue
Gross Revenue Deductions
Net Revenue
Construction Revenue
Urban Mobility
Toll Roads
2018 2019
4,143.3 4,370.9 5.5%
3,076.9 3,065.1 -0.4%
1,784.4 1,705.9 -4.4%
938.2 987.3 5.2%
354.3 372.0 5.0%
1,040.8 1,131.8 8.7%
990.2 1,064.5 7.5%
47.7
65.0 36.3%
2.3
174.0
3.0
-23.3%
25.6
n.m,
(823.1) (810.2) -1.6%
Adjusted Net Revenue'
1. Exclusion of IFRS impact related to construction revenue.
Contents
Message from the CEO
Message from the Board
Covid-19
About this Report
Invepar
Invepar Management
Economic and
Financial Performance
Invepar Performance
Revenues
Costs and Expenses
EBITDA
Results
Cash Flow and
Indebtedness
Other Topics
Investments and
Divestments
Credits
GRI Index
3,320.1 3,560.7 7.2%
25.6 174.0
3,294.6 3,386.7
n.m.
2.8%
111
2019 AR inveparView entire presentation