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

CCR - Results for the 4th quarter of 2020


SÃO PAULO, March 4, 2021 /PRNewswire/ -- CCR S.A. (CCR), one of Latin America's largest infrastructure concession groups, discloses its results for the 4th quarter of 2020.

Highlights 4Q20 vs. 4Q19

1 - 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)

4Q19

4Q20

Chg %

4Q19

4Q20

Chg %

Net Revenues1

2,645.0

2,557.3

-3.3%

2,793.6

2,671.4

-4.4%

Adjusted Net Revenues on the same basis2

2,601.2

2,507.9

-3.6%

2,749.8

2,622.1

-4.6%

Adjusted EBIT3

903.6

425.0

-53.0%

975.1

474.2

-51.4%

Adjusted EBIT Mg.4

34.2%

16.6%

-17.5 p.p.

34.9%

17.8%

-17.2 p.p.

Adjusted EBITDA5

1,500.8

1,064.0

-29.1%

1,605.2

1,137.1

-29.2%

Adjusted EBITDA Mg.4

56.7%

41.6%

-15.1 p.p.

57.5%

42.6%

-14.9 p.p.

Adjusted EBITDA on the same basis2

1,477.0

1,033.2

-30.0%

1,581.4

1,106.3

-30.0%

Adjusted EBITDA Mg. on the same basis2

56.8%

41.2%

-15.6 p.p.

57.5%

42.2%

-15.3 p.p.

Net Income

392.6

(74.8)

n.m.

392.6

(74.8)

n.m.

Net Income on the same basis 2 7

395.4

(78.2)

n.m.

395.4

(78.2)

n.m.

Net Income on the same basis (ex-MSVia) 8

395.4

176.1

-55.5%

395.4

176.1

-55.5%

Net Debt / Adjusted EBITDA LTM (x)6

2.4

2.9


2.4

3.0


Adjusted EBITDA5 / Interest and Monetary Variation (x)

5.2

3.5


5.0

3.4


 


IFRS

Proforma

Financial Indicators (R$ MM)

2019

2020

Chg %

2019

2020

Chg %

Net Revenues1

9,494.4

8,941.1

-5.8%

10,140.2

9,356.0

-7.7%

Adjusted Net Revenues on the same basis2

9,450.6

8,765.2

-7.3%

10,044.8

9,180.1

-8.6%

Adjusted EBIT3

3,453.4

2,071.1

-40.0%

3,736.1

2,216.1

-40.7%

Adjusted EBIT Mg.4

36.4%

23.2%

-13.2 p.p.

36.8%

23.7%

-13.2 p.p.

Adjusted EBITDA5

5,790.4

4,715.8

-18.6%

6,206.8

4,996.9

-19.5%

Adjusted EBITDA Mg.4

61.0%

52.7%

-8.2 p.p.

61.2%

53.4%

-7.8 p.p.

Adjusted EBITDA on the same basis2

5,766.6

4,628.5

-19.7%

6,151.9

4,909.7

-20.2%

Adjusted EBITDA Mg. on the same basis2

61.0%

52.8%

-8.2 p.p.

61.2%

53.5%

-7.8 p.p.

Net Income

1,438.3

191.0

-86.7%

1,438.3

191.0

-86.7%

Net Income on the same basis 2 7

1,446.1

203.6

-85.9%

1,446.1

203.6

-85.9%

Net Income on the same basis (ex-MSVia) 8

1,446.1

457.9

-68.3%

1,446.1

457.9

-68.3%

Net Debt / Adjusted EBITDA LTM (x)6

2.4

2.9


2.4

3.0


Adjusted EBITDA5 / Interest and Monetary Variation (x)

4.8

3.9


4.6

3.7


¹ Net revenues exclude construction revenues.
² The same-basis effects are described in the same-basis comparison section.
3 Calculated by adding net revenues, construction revenues, cost of services and administrative expenses.
4 The adjusted EBIT and EBITDA margins were calculated by dividing adjusted EBIT and EBITDA by net revenues, excluding construction revenues.
5 Calculated excluding non-cash expenses: depreciation and amortization, provision for maintenance and the recognition of prepaid concession expenses.
6 Adjusted EBITDA has been used in the calculation of the net debt-to-adjusted EBITDA ratio since 1Q20, whereas operating adjusted EBITDA was used for the other periods (as announced in previous releases).
7 2Q20 same-basis net income was rectified, generating an increase of R$ 21.6 million in the total accumulated amount.
8 Disregarding the effect of setting up the provision for impairment of MSVia, in view of the advanced stage of the friendly return process of this asset.

Conference Calls/Webcast

Access to the conference calls/webcasts:

Portuguese conference call with simultaneous translation into English:

Friday, March 5, 2021
1:00 p.m. (São Paulo) / 11:00 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
Natalia Fialho:     (+55 11) 94386-1495
Caique Moraes:  (+55 11) 3048-2108

SOURCE CCR S.A.


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