CCR: Results for the 1st Quarter of 2009

SAO PAULO, BRAZIL--(Marketwire - May 7, 2009) - (BOVESPA: CCRO3) -- A Companhia de Concessões Rodoviárias (CCR), Brazil's largest road concession operator in terms of revenue, announces its results for the 1st quarter of 2009.

Unless otherwise stated, all financial and operating data herein are presented on a consolidated basis in Reais (R$) pursuant to Brazilian company law and all comparisons refer to the 1Q08.

Results of Renovias and RodoAnel Oeste were incorporated into CCR as of June 2008 and December 17, 2008, respectively.

Presentation of Results

While preparing the financial statements for 2008, the Company, for the first time, adopted the changes introduced by Law 11638, approved on December 28, 2007, with the respective changes introduced by the Provisional Presidential Decree 449, of December 3, 2008.

For quarterly comparative purposes, the Company complied with CVM Resolution 506, of June 19, 2006, taking into account the retrospective effect of the changes determined by said legislation and is consequently presenting again the information for the first quarter of 2008.

Highlights

--  Traffic grew by 17.7% in the 1Q09. Excluding Renovias and RodoAnel
    Oeste, traffic was slightly negative by 2.0%.
    
--  Net revenue stood at R$ 716.0 million (+15.4%) in the 1Q09. Excluding
    Renovias and RodoAnel, net revenue totaled R$ 673.4 million (+8.5%).
    
--  EBIT totaled R$ 345.7 million (+9.8%) in the 1Q09. The EBIT margin
    reached 48.3% (-2.4 p.p.) in the 1Q09. Excluding Renovias and RodoAnel,
    EBIT totaled R$ 337.7 million (+7.3%) and the EBIT margin stood at 50.1% (-
    0.6 p.p.).
    
--  EBITDA totaled R$ 454.8 million (+13.3%) in the 1Q09. The EBITDA
    margin reached 63.5% (-1.3 p.p.) in the 1Q09. Excluding Renovias and
    RodoAnel, EBITDA came to R$ 429.6 million (+6.8%), accompanied by an EBITDA
    margin of 63.8% (-1.0 p.p.) in the 1Q09.
    
--  Net income totaled R$ 155.9 million (-3.9%) in the 1Q09. Excluding
    Renovias and RodoAnel, net income totaled R$ 181.1 million (+11.7%).
    
--  The number of AVI users rose 47.4% compared to the 1Q08, totaling
    1,427,000 active tags.
    
--  On April 15, 2009, the Company approved the payment of additional 2008
    dividends proposed by the management, of R$ 0.25 per share, paid as of
    April 30, 2009 and R$ 0.10 will be paid by the end of 2009, leading to a
    payout of 76.3% for fiscal year 2008 as a whole.
    
--  On May 4, 2009, the Company informed its shareholders and the market
    in general that it has entered into an irrevocable and irreversible Share
    Purchase Agreement with Brisa - Autoestradas de Portugal S.A. ("Brisa") for
    the sale of CCR's entire interest (10% of the capital stock) in Northwest
    Parkway, LLC, in the amount of US$ 29.1 million.
    

                                             1Q08
Financial Highlights (R$ MM)             Reclassified    1Q09       Chg %

Net Revenues                                 620.4       716.0      15.4%
EBIT                                         314.7       345.7       9.8%
EBITMargin                                    50.7%       48.3%   -2.4
p.p.
EBITDA                                       402.2       454.8      13.1%
EBITDA Margin                                 64.8%       63.5%   -1.3
p.p.
Net Income                                   162.2       155.9      -3.9%
Net Debt./ EBITDA LTM.                       0.72x       1.57x         -
EBITDA / CAPEX                               3.89x       2.86x         -
EBITDA / Interest and Monetary Variation     5.94x       4.10x         -

Comments From the CEO

Renato Alves Vale: "It gives us great satisfaction to announce CCR's excellent results for the first quarter of 2009 to our shareholders, employees, users, stakeholders and the market.

"The adverse economic scenario which began in Brazil in the final quarter of 2008 posed some important business challenges for 2009. As a result, CCR ratified a series of short-term priorities, namely the preservation of liquidity, the long-term financing of RodoAnel, the maintenance of margins and the continued creation of shareholder value. In the longer term, the recent revision of the five-year plan clearly indicates sustainable growth, with a significant increase in revenue, margins and shareholder value.

"Despite the substantial slowdown in industrial activity in recent months, CCR has shown that its business model is based on a portfolio of assets that are exceptionally resistant to economic downturns, thanks to the mix between commercial and passenger vehicles and the variety of products transported.

"It is worth stressing once again that the Company's low leverage, demonstrated by the net debt-to-EBITDA ratio, without any speculative instruments or risk derivatives, together with our conservative cash management profile, puts us in a favorable position to weather the crisis and evaluate any opportunities that may arise.

"Thanks to our financial capacity and longstanding experience of managing concession agreements, together with the support of the capital market, we remain confident in our ability to implement solutions, invest in infrastructure and generate selective and profitable growth, always based on the creation of shareholder value, thereby contributing to the country's social and economic development."

Upcoming Events

Conference Calls

Portuguese:
Friday, May 8, 2009
10:30 a.m. (US EST) / 11:30 a.m. (Brazil time)
Phone: 11 2188-0188
Replay: 11 2188-0188
Code: CCR
Webcast: www.grupoccr.com.br/ri

English:
Friday, May 8, 2009
12:00 p.m. (US EST) / 1:00 p.m. (Brazil time)
Phone: +1 (973) 935-8893
Replay: +1 (706) 645-9291
Code: 96753129
Webcast: www.grupoccr.com.br/ir

Contact Information: IR Contact: Flavia Godoy 11 3048-5955 Gildo Rodrigues 11 3048-5938 Danilo Cabrera 11 3048-6353