Le Lézard
Classified in: Transportation, Business, Covid-19 virus
Subjects: ERN, CCA, FVT

CCR - Results for the 2nd quarter of 2020


SÃO PAULO, Aug. 13, 2020 /PRNewswire/ -- CCR S.A. (CCR), one of Latin America's largest infrastructure concession groups, discloses its results for the 2nd quarter of 2020.

Highlights 2Q20 vs. 2Q19

1. The weekly notices issued by the Company on the operations of the concessions are available on the CCR Investor Relations website at: www.ccr.com.br/ri 
2. For April, the notice disclosed on 04/10 (period between 04/03 and 04/09); for May, the notice disclosed on 05/08 (period between 05/01 and 05/07); for June, the notice disclosed on 06/05 (period between 05/29 and 06/04) was considered.
3. Adjustments on the same basis are described on the same basis section of the company's earnings release, available at www.ccr.com.br/ri   


IFRS

Proforma

Financial Indicators (R$ MM)

2Q19

2Q20

Chg %

2Q19

2Q20

Chg %

Net Revenues1

2,234.0

1,767.3

-20.9%

2,402.3

1,834.7

-23.6%

Adjusted Net Revenues on the same basis2

2,196.5

1,670.2

-24.0%

2,342.7

1,737.7

-25.8%

Adjusted EBIT3

797.7

177.1

-77.8%

889.4

179.3

-79.8%

Adjusted EBIT Mg.4

35.7%

10.0%

-25.7 p.p.

37.0%

9.8%

-27.2 p.p.

Adjusted EBITDA5

1,379.6

853.6

-38.1%

1,505.8

894.4

-40.6%

Adjusted EBITDA Mg.4

61.8%

48.3%

-13.5 p.p.

62.7%

48.7%

-14.0 p.p.

Adjusted EBITDA on the same basis2

1,359.9

819.4

-39.7%

1,470.7

860.1

-41.5%

Adjusted EBITDA Mg. on the same basis2

61.9%

49.1%

-12.8 p.p.

62.8%

49.5%

-13.3 p.p.

Net Income

347.4

(142.1)

n.m.

347.4

(142.1)

n.m.

Net Income on the same basis2

329.5

(164.7)

n.m.

329.5

(164.7)

n.m.

Net Debt / Adjusted EBITDA LTM (x)6

2.5

2.7


2.4

2.8


Adjusted EBITDA5 / Interest and Monetary Variation (x)

4.3

3.0


4.2

2.8


 

 


IFRS

Proforma

Financial Indicators (R$ MM)

1H19

1H20

Chg %

1H19

1H20

Chg %

Net Revenues1

4,439.8

4,154.9

-6.4%

4,758.6

4,360.2

-8.4%

Adjusted Net Revenues on the same basis2

4,379.0

3,912.5

-10.7%

4,665.8

4,117.9

-11.7%

Adjusted EBIT3

1,629.1

1,015.3

-37.7%

1,794.1

1,085.4

-39.5%

Adjusted EBIT Mg.4

36.7%

24.4%

-12.3 p.p.

37.7%

24.9%

-12.8 p.p.

Adjusted EBITDA5

2,762.0

2,320.5

-16.0%

2,993.8

2,463.2

-17.7%

Adjusted EBITDA Mg.4

62.2%

55.8%

-6.4 p.p.

62.9%

56.5%

-6.4 p.p.

Adjusted EBITDA on the same basis2

2,728.1

2,189.8

-19.7%

2,939.6

2,332.5

-20.7%

Adjusted EBITDA Mg. on the same basis2

62.3%

56.0%

-6.3 p.p.

63.0%

56.6%

-6.4 p.p.

Net Income

705.4

147.6

-79.1%

705.4

147.6

-79.1%

Net Income on the same basis2

678.2

82.2

-87.9%

678.2

82.2

-87.9%

Net Debt / Adjusted EBITDA LTM (x)6

2.5

2.7


2.4

2.8


Adjusted EBITDA5 / Interest and Monetary Variation (x)

4.3

3.8


4.3

3.6


¹ Net revenue excludes construction revenue.
² The same-basis effects are described in the same-basis comparison section.
3 Calculated by adding net revenue, construction revenue, cost of services and administrative expenses.
4 The adjusted EBIT and EBITDA margins were calculated by dividing adjusted EBIT and EBITDA by net revenue, excluding construction revenue.
5 Calculated excluding non-cash expenses: depreciation and amortization, provision for maintenance and the recognition of prepaid concession expenses.
6 Adjusted EBITDA was used in the calculation of the net debt-to-adjusted EBITDA ratio for 1Q20, whereas operating adjusted EBITDA was used for the other periods (as announced in previous releases).

Conference Calls/Webcast

Access to the conference calls/webcasts: 

Portuguese conference call with simultaneous translation into English: 

Friday, August 14, 2020
11:00 a.m. São Paulo / 10:00 a.m. New York

Participants calling from Brazil: (11) 3181-8565 or (11) 4210-1803
Participants calling from the U.S.: (+1) 412 717-9627 or (+1) 844 204-8942
Access Code: CCR:
Replay: (11) 3193-1012 or (11) 2820-4012
Code: 8366456# or 5097751#

The instructions to participate in these events are available on CCR's website: www.ccr.com.br/ri.

IR Contacts

Marcus Macedo (+55 11) 3048-5941
Flávia Godoy: (+55 11) 3048-5955
Douglas Ribeiro (+55 11) 3048-6353
Caique Moraes (+55 11) 3048-2108

SOURCE CCR S.A.


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