Subject: ERN
CCR - Results for the 1st quarter of 2024
SÃO PAULO, May 6, 2024 /PRNewswire/ --
Highlights
- Adjusted EBITDA margin in Airports grew by 5.9 p.p. in the period.
- Completion of disbursement for the last tranche of the long-term financing in ViaMobilidade ? Lines 8 and 9, through the 4th issue of debentures, in the amount of R$1.2 billion.
- On April 30, 2024, the Company paid approximately R$536 million in dividends, approved at the 2024 Annual Shareholders' Meeting.
- In line with our portfolio management strategy, CCR signed a Sale Agreement for to sell its equity stake in Samm to Megatelecom Telecomunicações S.A., in the amount of R$100 million, subject to the usual conditions for this type of transaction.
- CDP - Disclosure Insight Action, a global entity that is reference for the disclosure of sustainability information, increased CCR's climate change grade from B to A- for the 2023 assessment cycle.
Consolidated Operational and Financial Highlights
OPERATIONAL AND FINANCIAL HIGHLIGHTS (R$ MM) | 1Q23 | 1Q24 | Chg % |
Adjusted Net Revenue¹ | 3,229 | 3,479 | 7.7 % |
Consolidated Adjusted EBITDA¹ | 1,975 | 2,066 | 4.6 % |
Toll Roads | 1,466 | 1,535 | 4.7 % |
Urban Mobility | 485 | 477 | -1.6 % |
Airports | 207 | 275 | 32.8 % |
Other | -183 | -220 | 20.3 % |
Adjusted EBITDA Margin² | 61.2 % | 59.4 % | -1.8 p.p. |
Adjusted Net Income¹ | 317 | 449 | 41.5 % |
Net Debt/Adjusted EBITDA LTM (x) | 2.9 | 3.0 | |
Toll Roads - Vehicle Equivalents (million) | 284.5 | 301.1 | 5.8 % |
Urban Mobility - Transported Passengers (million) | 167.6 | 175.9 | 4.9 % |
Airports - Boarded Passengers (million) | 4.5 | 4.8 | 7.0 % |
1. Excludes construction revenue and expenses. Adjustments are described in the "non-recurring effects" section in Exhibit I (page 23). |
2. The Adjusted EBITDA Margin was calculated by dividing Adjusted EBITDA by Adjusted Net Revenue. |
\ Videoconference
Conference call in Portuguese with simultaneous translation into English:
Tuesday, May 7, 2024
10:00 a.m. São Paulo / 09:00 a.m. New York
Videoconference link:
https://grupoccr-br.zoom.us/webinar/register/WN_o3NtJOzDTX-iwwGiO5H0aQ
\ IR Contacts
Flávia Godoy: (+55 11) 3048-5900 - [email protected]
Douglas Ribeiro: (+55 11) 3048-5900 - [email protected]
Cauê Cunha: (+55 11) 3048-5900 - [email protected]
Igor Yamamoto: (+55 11) 3048-5900 - [email protected]
Caique Moraes: (+55 11) 3048-5900 - [email protected]
SOURCE CCR S.A.
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