CCR has net income of R$ 291.3 million in the 2nd quarter

CCR reported net income of BRL 291.3 million in the second quarter, reversing a loss of BRL 44 million in the same period last year, the company said in a balance sheet sent to the Securities and Exchange Commission (CVM) this Thursday, 11 .

In the ‘same basis’ criterion, when assets that left the portfolio or that have just been added are excluded, there was a 51.8% drop in profit, to R$ 171.8 million.

According to CCR’s IR superintendent, Flávia Godoy, the drop in same-base profit is basically due to the increase in interest rates and the debt stock of the businesses that were won by the company. “It was a strong quarter”, said the Executive.

In airports, traffic increased by 243% over the second quarter of 2021 and, on the same basis, by 91%. In urban mobility, there was a growth of 138% in traffic and, on the same basis, of 61%.

According to the executive, in the quarter, consolidated traffic on CCR’s highways grew 8.1%, driven by light vehicles, although the commercial segment recorded growth on a strengthened basis.

From April to June, adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) reached R$ 1.77 billion, up 25.7% over the same period last year. In the ‘same basis’ criterion, there was an increase of 21.5% in the indicator, to R$ 1.44 billion.

The adjusted Ebitda margin was 57.5% in the quarter, down 3.2 points over the same period in 2021. On the same basis, there was a decrease of 1.3 points.

Net revenue (excluding construction revenue) reached R$3.08 billion in the second quarter, up 32.7% year-on-year. In the ‘same basis’ criterion, there was an increase of 24.3%, to R$ 2.43 billion.

leverage

CCR’s leverage ended the quarter at 1.8 times, practically stable over the previous period. A year earlier, the indicator marked 2.3 times. “The leverage ratio is quite comfortable”, comments Flávia.

The performance allows the company to continue evaluating opportunities ahead, he points out. The most significant is the 7th round of airport concessions, scheduled for next week. “It is an opportunity that CCR is monitoring very closely, but as we are at the moment of competition, I cannot say which lot we should (bid)”, he highlights.

From April to June of this year, investments made by CCR, added to maintenance, reached R$ 452.8 million (including financial assets). According to the balance sheet, the concessionaires that invested the most in the quarter were: ViaSul, Lines 8 and 9 and ViaOeste.

At ViaSul, there were disbursements, mainly with duplication of stretches of the BR-386, pavement recovery and implementation of safety devices. On Lines 8 and 9, there were disbursements mainly for the revitalization of the permanent way. ViaOeste’s investments were focused on duplicating several sections of the Raposo Tavares Highway.

Flávia reinforces that CCR continues with very efficient cost control. In the macroeconomic scenario, she believes that interest rates are almost “at the ceiling”. “It seems to us that now we are going to have an end to the cycle of interest rate increases, we believe it is already at the top, the worst is behind us, but of course we are following it closely.”