Subject: ERN
CCR - Results for the 2nd quarter of 2022
SÃO PAULO, Aug. 11, 2022 /PRNewswire/ --
2Q22 X 2Q21 HIGHLIGHTS
- Consolidated vehicle traffic increased by 4%. Excluding ViaCosteira, NovaDutra, RioSP and RodoNorte, the increase was 8% in the period.
- The number of passengers transported in airports increased by 243.3% in the period. Excluding South and Central Blocks, the increase was 93% in the period.
- The number of passengers transported in the mobility units increased by 138.6% in the period. Excluding ViaMobilidade - Lines 8 and 9, the increase was 61% in the period.
- Adjusted EBITDA grew by 25.7%, with a margin of 57.5% (-3.2 p.p.). Same-basis1 adjusted EBITDA increased by 21.5%, with a margin of 59.5% (-1.3 p.p.).
- Net Income totaled R$291.3 million, compared to a loss of R$44 million in 2Q21. Same-basis1, Net Income totaled R$171.8 million, compared to a Net Income of R$356.7 million.
- On June 7, 2022, the Company disclosed a Material Fact announcing that it signed TAM 21/2022, whose object is to extend the term of the Renovias concession agreement in 136 days.
- On July 18, 2022, the Company disclosed a Material Fact announcing that it signed a Term of Re-ratification to TAM 21/2022, consisting in the term extension of Renovias' concession agreement in 482 days, until October 7, 2023.
- On July 25, 2022, the Company disclosed a Material Fact announcing that it concluded the sale of its equity interest in Total Airport Services, corresponding to 70% of the share capital of TAS, to AGI-CFI Acquisition Corp.
- On July 28, 2022, the Company disclosed a Material Fact announcing that it signed TAM 21/2022, whose object is to extend the term of the SPVias concession agreement in 368 days, until September 21, 2029.
- Same-basis adjustments are described in the same-basis comparison section.
IFRS | Proforma | |||||
Financial Indicators (R$ MM) | 2Q21 | 2Q22 | Chg % | 2Q21 | 2Q22 | Chg % |
Net Revenues1 | 2,327.1 | 3,088.4 | 32.7 % | 2,453.0 | 3,271.7 | 33.4 % |
Adjusted Net Revenues on the same basis2 | 1,960.1 | 2,436.1 | 24.3 % | 2,086.0 | 2,619.3 | 25.6 % |
Adjusted EBIT3 | 315.6 | 1,281.4 | 306.0 % | 378.1 | 1,392.9 | 268.4 % |
Adjusted EBIT Mg.4 | 13.6 % | 41.5 % | 27.9 p.p. | 15.4 % | 42.6 % | 27.2 p.p. |
Adjusted EBITDA5 | 1,411.7 | 1,774.8 | 25.7 % | 1,501.3 | 1,918.5 | 27.8 % |
Adjusted EBITDA Mg.4 | 60.7 % | 57.5 % | -3.2 p.p. | 61.2 % | 58.6 % | -2.6 p.p. |
Adjusted EBITDA on the same basis2 | 1,192.1 | 1,448.9 | 21.5 % | 1,281.6 | 1,592.6 | 24.3 % |
Adjusted EBITDA Mg. on the same basis4 | 60.8 % | 59.5 % | -1.3 p.p. | 61.4 % | 60.8 % | -0.6 p.p. |
Net Income | (44.0) | 291.3 | n.m. | (44.0) | 291.3 | n.m. |
Net Income on the same basis2 | 356.7 | 171.8 | -51.8 % | 356.7 | 171.8 | -51.8 % |
Net Debt / Adjusted EBITDA LTM (x) | 2.3 | 1.8 | 2.3 | 1.8 | ||
Adjusted EBITDA5 / Interest and Monetary Variation (x) | 4.4 | 2.1 | 4.2 | 2.2 | ||
IFRS | Proforma | ||||||
Financial Indicators (R$ MM) | 1H21 | 1H22 | Chg % | 1H21 | 1H22 | Chg % | |
Net Revenues1 | 5,767.0 | 11,107.0 | 92.6 % | 6,007.1 | 11,440.3 | 90.4 % | |
Adjusted Net Revenues on the same basis2 | 3,798.4 | 4,822.5 | 27.0 % | 4,038.2 | 5,155.9 | 27.7 % | |
Adjusted EBIT3 | 2,081.3 | 7,677.5 | 268.9 % | 2,197.4 | 7,872.8 | 258.3 % | |
Adjusted EBIT Mg.4 | 36.1 % | 69.1 % | 33.0 p.p. | 36.6 % | 68.8 % | 32.2 p.p. | |
Adjusted EBITDA5 | 3,916.2 | 8,687.7 | 121.8 % | 4,084.2 | 8,945.6 | 119.0 % | |
Adjusted EBITDA Mg.4 | 67.9 % | 78.2 % | 10.3 p.p. | 68.0 % | 78.2 % | 10.2 p.p. | |
Adjusted EBITDA on the same basis2 | 2,294.1 | 2,889.2 | 25.9 % | 2,461.9 | 3,147.1 | 27.8 % | |
Adjusted EBITDA Mg. on the same basis4 | 60.4 % | 59.9 % | -0.5 p.p. | 61.0 % | 61.0 % | 0.1 p.p. | |
Net Income | 644.9 | 3,743.7 | 480.5 % | 644.9 | 3,743.7 | 480.5 % | |
Net Income on the same basis2 | 560.9 | 82.5 | -85.3 % | 560.9 | 82.5 | -85.3 % | |
Net Debt / Adjusted EBITDA LTM (x) | 2.3 | 1.8 | 2.3 | 1.8 | |||
Adjusted EBITDA5 / Interest and Monetary Variation (x) | 6.1 | 5.5 | 5.7 | 5.4 | |||
- Net revenue excludes construction revenue.
- The same-basis effects are described in the same-basis comparison section.
- Calculated by adding net revenue, construction revenue, cost of services, and administrative expenses.
- The adjusted EBIT and EBITDA margins were calculated by dividing adjusted EBIT and EBITDA by net revenue, excluding construction revenue.
- Calculated by excluding non-cash expenses: depreciation and amortization, provision for maintenance, and accrual of prepaid concession expenses.
Conference Calls/Webcast
Access to the conference calls/webcasts:
Conference call in Portuguese with simultaneous translation into English:
Friday, August 12, 2022
2:00 p.m. São Paulo / 1:00 p.m. New York
Participants calling from Brazil: (11) 4090-1621 or (11) 3181-8565
Participants calling from the U.S.: (+1) 412 717-9627
Access Code: CCR
Replay: (11) 3193 1012
Code: 8366456# or 5097751#
The instructions to participate in these events are available on CCR's website: www.ccr.com.br/ri.
IR Contacts
Flávia Godoy: (+55 11) 3048-5955
Douglas Ribeiro: (+55 11) 3048-6353
Cauê Cunha: (+55 11) 3048-2108
Caique Moraes: (+55 11) 3048-2108
SOURCE CCR S.A.
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