CCR Corporate Rating

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

Indebtedness

(R$ MM) Mar/17 Jun/17 Sep/17 Dec/17 Mar/18 Jun/18 Sep/18 Dec/18 Mar/19
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
% Real-Denominated 81% 84% 83% 83% 85% 85% 85% 86% 90%
% Foreign Currency-Denominated 19% 16% 17% 17% 15% 14.7% 14.9%  14% 10%
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
% Real-Denominated 89% 83% 77% 79% 74% 75% 80% 74% 84%
% Foreign Currency-Denominated 11% 7% 23% 21% 26% 25% 20% 26% 16%
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
% Real-Denominated 75% 77% 86% 85% 90% 91% 88% 90% 91%
% Foreign Currency-Denominated 25% 23% 14% 15% 10% 9% 12% 10% 9%
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
Receivable/Payable Swap Settlements 470.00 160.4 (33.5) (66.9) (37.8) (66.7) 159.1 163.2 284,0
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

* 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 Mar/19 %
BNDES TJLP TJLP + 2.0% –  4.00% p.a. 4.972,3 25,5%
Local Bond, Credit Deposit and other CDI (105.5% – 121.00%) of CDI, CDI + (0.60% – 2.90% p.a.) 7.646,7 45,0%
Local Bond IPCA IPCA + 4.5% – 7.3% p.a. 3.930,7 21,7%
Dolar USD LIBOR 6M + 2.00% – 3.8% p.a. /  4.20% – 12% p.a. 2.031,4 7,8%
Other Pre Fixed 6.14% – 16.49% p.a. 10,7 0,0%
Total 18.591,8 100.0%
Debt Breakdown – Hedged*
(R$ MM) Index Average Cost per year Mar/19 %
BNDES TJLP TJLP + 2.0% –  4.00% p.a. 4.972,3 25,5%
Local Bond, Credit Deposit and other CDI (94.9% – 121.00%) of CDI, CDI + (0.60% – 2.90% p.a.) 8.914,4 51,9%
Local Bond IPCA IPCA + 4.5% – 7.3% p.a. 2.663,0 14,8%
Dolar USD LIBOR 6M + 2.00% – 3.8% p.a. / 4.20% – 12% p.a. 2.031,4 7,8%
Other Pre Fixed 6.14% – 16.49% p.a. 10,7 0,1%
Total 18.591,8 100.0%

* 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
2019 1.936,7 10%
2020 4.037,0 22%
2021 2.553,7 14%
2022 2.053,4 11%
From 2023 8.011,0 44%
Total 18.591,8 100.0%

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

Amortization – 1Q19 (R$ MM) 2019 2020
AutoBan 727 763
NovaDutra 237 166
ViaOeste 207 330
RodoNorte 181 670
Metrô Bahia 119 105
SPVias 103 496
ViaQuatro 65 38
Samm 58 0
CCR S.A. 50 770
ViaMobilidade 43 0
TOTAL AIRPORT SERVICES 32 49
RodoAnel Oeste 25 32
RENOVIAS 21 10
Others 69 609
TOTAL 1.937 4.037

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