CCR – Results for the 3rd quarter of 2023

    Author StockStreetNewsPosted on Categories Travel & LeisureTags , , ,

    SÃO PAULO, Oct. 31, 2023 /PRNewswire/ — 3Q23 X 3Q22 HIGHLIGHTS  

    • Equivalent vehicle traffic grew by 4.2% in the period.
    • The number of passengers boarded in airports increased by 11.1% in the period.
    • The number of passengers transported in the mobility business increased by 7.4% in the period.
    • Adjusted EBITDA grew by 15.8%, with a margin of 62.1% (+4.4 p.p.). Excluding revenue related to financial asset remuneration for the periods compared, the adjusted EBITDA grew by 8.4%, with a margin of 59.5% (+2.9 p.p.).
    • Adjusted Net Income totaled R$501.6 million, up by 44.8%. Excluding the effect of revenue related to financial asset remuneration for the periods compared, the adjusted Net Income grew by 20.8%.
    • On September 15, 2023, the Company disclosed a Material Fact informing that the Granting Authority recognized the economic-financial imbalance of ViaMobilidade – Lines 5 and 17 due to losses in tariff revenue as a result of lower demand in Line 5 because of the COVID-19 pandemic. The method for receiving the rebalance will still be decided and informed to the market at the appropriate time.
    • On October 25, 2023, CCR informed its shareholders that it would begin paying dividends of around R$0.16 per common share on November 30, 2023.

    IFRS

    IFRS

    Financial Highlights (R$ MM)

    3Q22

    3Q23

    Chg %

    9M22

    9M23

    Chg %

    Net Revenues1

    3,175.2

    3,415.6

    7.6 %

    14,282.3

    10,506.7

    -26.4 %

    Adjusted Net Revenues2

    3,175.2

    3,415.6

    7.6 %

    9,028.2

    9,744.6

    7.9 %

    EBITDA

    2,354.3

    1,659.5

    -29.5 %

    10,941.4

    5,549.6

    -49.3 %

    EBITDA Mg

    64.5 %

    37.5 %

    -27.0 pp

    71.4 %

    43.6 %

    -27.8 pp

    Adjusted EBITDA2

    1,832.9

    2,121.8

    15.8 %

    5,266.5

    5,853.3

    11.1 %

    Adjusted EBITDA Mg. 3

    57.7 %

    62.1 %

    4.4 pp

    58.3 %

    60.1 %

    1.7 pp

    Net Income

    606.5

    251.5

    -58.5 %

    4,350.2

    1,151.1

    -73.5 %

    Adjusted Net Income2

    346.3

    501.6

    44.8 %

    607.4

    1,021.8

    68.2 %

    Net Debt / Adjusted EBITDA LTM (x)

    3.0

    2.9

    3.0

    2.9

    Adjusted EBITDA4 / Interest and Monetary Variation (x)

    2.2

    2.4

    2.2

    2.2

    1. Net revenue excludes construction revenue.

    2. Adjustments are described in the “non-recurring effects” section.

    3. The adjusted EBITDA margin was calculated by dividing adjusted EBITDA by adjusted net revenue.

    4. Calculated by excluding non-recurring effects and non-cash expenses: depreciation and amortization, provision for maintenance, and accrual of prepaid concession expenses.

    Videoconference

    Conference call in Portuguese with simultaneous translation into English:

    Wednesday, November 1, 2023

    10:00 a.m. São Paulo / 09:00 a.m. New York

    Videoconference link:

    https://mzgroup.zoom.us/webinar/register/WN_o_ODpDDUTkqgsGGQsT_upg

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

    IR Contacts

    Flávia Godoy:     (+55 11) 3048-5900

    Douglas Ribeiro: (+55 11) 3048-5900

    Cauê Cunha:      (+55 11) 3048-5900

    Caique Moraes:  (+55 11) 3048-5900

     

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    SOURCE CCR S.A.

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