CCR Corporate Rating

Agency Rating
Standard & Poor’s brAA-/ Stable
Fitch AA (bra)/ Positive Perspective
Moodys Ba2 / Aa2.br/ Negative Perspective

Indebtedness

(R$ MM) Dec/15 Mar/16 Jun/16 Sep/16 Dec/16 Mar/17 Jun/17 Sep/17 dez/17 mar/18 Jun/18
Gross Debt (with transaction cost)* 15,617.61 16,148.5 16,002.3 16,274.9 17,489.8 16,276.9 15,719.9 15,851.0 17,993.9 18.373,5 17.658,9
% Real-Denominated 81% 84% 83% 83% 85% 85% 85% 86% 90% 93%     95%
% Foreign Currency-Denominated 19% 16% 17% 17% 15% 14.7% 14.9%  14% 10% 7%      5%
Short Term 6,470.14 6,738.4 5,273.3 5,557.9 5,895.5 5,863.4 4,998.8  3,855.5 4,061.6 3.320,7   2.174,5
% Real-Denominated 89% 83% 77% 79% 74% 75% 80% 74% 84% 80%      93%
% Foreign Currency-Denominated 11% 7% 23% 21% 26% 25% 20% 26% 16% 20%      7%
Long Term 9,147.47 9,410.1 10,729.0 10,717.0 11,594.2 10,413.5 10,721.0 11,995.5 13,932.3 15.052,8 15.484,5
% Real-Denominated 75% 77% 86% 85% 90% 91% 88% 90% 91% 96%     95%
% Foreign Currency-Denominated 25% 23% 14% 15% 10% 9% 12% 10% 9% 4%      5%
Cash, Financial Investments 2,724.27 3,017.7 2,091.1 3,080.3 3,084.3 5,584.6 3,599.7 3,887.0 5,007.3 5.312,4 3.500,0
Receivable/Payable Swap Settlements 470.00 160.4 (33.5) (66.9) (37.8) (66.7) 159.1 163.2 284,0 342,2    378,9
Net Debt 12,423.4 12,970.5 13,944.6 13,261.5 14,443.3 10,759.0 11,961.0  11,800.7 12,702.6 12.718,9 13.780,0

* Pro forma data, considering proportionally all companies of which CCR does not have control or jointly-owned subsidiaries (ex IFRS 10 and 11).

Debt Breakdown – Not Hedged*
(R$ MM) Index Average Cost per year Jun/18 %
BNDES TJLP TJLP + (2.0% –  4.00% p.a.) 4.553,8 25,6%
Local Bond, Credit Deposit and other CDI (106.25% – 129.3%) of CDI, CDI + (0.60% – 2.90% p.a.) 7.833,2 44,1%
Local Bond IPCA IPCA + (4,4963% – 7.34% p.a.) 4.503,5 25,3%
Dolar USD LIBOR 3M + (2.30% – 2.45% p.a.) / LIBOR 6M + 3.75% p.a. / Prime Rate / 4.20% – 10.65% p.a.    870,5 4,9%
Other Pre Fixed 6.14% – 16.49% p.a. 12,2 0,1%
Total 17.773,2 100.0%
Debt Breakdown – Hedged*
(R$ MM) Index Average Cost per year Jun/18 %
BNDES TJLP TJLP + (2.0% –  4.00% p.a.) 4.553,8 25,6%
Local Bond, Credit Deposit and other CDI (88.75% – 129.3%) of CDI, CDI + (0.60% – 2.90% p.a.) 9.131,5 51,4%
Local Bond IPCA IPCA + (4.4963% – 7.34% p.a.) 2.598,8 14,6%
Dolar USD LIBOR 3M + (2.30% – 2.45% p.a.) / LIBOR 6M + 3.75% p.a. / Prime Rate /  4.20% – 10.65% p.a. 870,5 4,9%
Other Pre Fixed 6.14% – 16.49% p.a. 618,6 3,5%
Total 17.773,2 100.0%

* Pro forma data, considering proportionally all companies of which CCR does not have control or jointly-owned subsidiaries (ex IFRS 10 and 11).

Debt Amortization Schedule *
Years R$ MM % Total
2018 1.651,7 9%
2019 2.454,2 14%
2020 3.270,8 18%
2021 2.442,5 14%
From 2022 7.953,9 45%
Total 17.773,2 100.0%

* Pro forma data, considering proportionally all companies of which CCR does not have control or jointly-owned subsidiaries (ex IFRS 10 and 11).

Amortization – 2Q18 (R$ MM) 2018 2019
AutoBan 650 681
BH AIRPORT 421 0
Metrô Bahia 280 767
SPVias 133 242
NovaDutra 86 161
CCR S.A. 16 0
Conces. ViaRio S.A 14 4
Renovias 12 20
RodoAnel Oeste 10 0
ViaOeste 7 187
ViaLagos 6 0
RodoNorte 5 163
Conces. VLT Carioca S.A 3 6
Others 9 224
TOTAL 1.652 2.454

 

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