46 |
Businesses
2011 Annual Report - Camargo Corrêa S.A.
Cement
Energy
Concessions
Highway
Concessions
Engineering and
Apparel and
Construction
Footwear
Real Estate
Development
Shipbuilding
Transport Concessions
Marcelo Cruz dos Santos
and Alexandre Miato, from
the team of customer
service of Autoban,
Bandeirantes Highway (SP)
47 |
Businesses
2011 Annual Report - Camargo Corrêa S.A.
Cement
Energy
Concessions
Highway
Concessions
Engineering and
Apparel and
Construction
Footwear
Real Estate
Development
Shipbuilding
Traffic – Average Vehicles
(thousand)
Concessionaires
Highway km
Rodonorte
Presidente Dutra Highway
Lagos Highway
Rio-Niterói Bridge
Autoban
Castello Branco-Raposo Tavares System
Mário Covas Ring Road
Renovias
SPVias
ViaQuatro
568
407
56
23
317
168
32
345
516
13
Camargo Corrêa Group’s assets in highways, passenger
transport, and environmental vehicle inspection are centered at
CCR, the largest company of its industry in Latin America.
As of 2011, the company was responsible for 2,445 kilometers
of road from the country’s networks under concession in the
states of São Paulo, Rio de Janeiro, and Paraná, managed by
ten concessionaires. In the year, CCR recorded record-breaking
traffic in its roads – a 14.2% increase over 2010.
868.6
552.0
598.0
2007
2008
962.4
700.7
2009
2010
2011
Figure calculated by adding to light vehicles the heavy-duty vehicles multiplied by
their number of axles. A light vehicle is equivalent to one heavy-duty vehicle axle
CCR also has: a 38.25% shareholding interest at STP, which
operates the electronic toll collection systems Sem Parar and Via
Net Revenue
Fácil; a contract for operation
Line 4 of São Paulo Metro; and a
(R$ of
million)
45% shareholding interest at concessionaire Controlar, responsible
873
for environmental vehicle inspection in
the city of São Paulo.
769
EBITDA
(R$ million)
538
489
Early in 2012, 437
CCR’s shareholders
approved the company’s
entrance in the airport industry. The business intends to
exploit infrastructure opportunities at international airports in 276
2007
2008
2009
2010
2011
2007
331
359
2008
2009
552.0
598.0
700.7
Businesses
48 |2007
2011 Annual
2008 Report
2009 - Camargo
2010 Corrêa
2011 S.A.
Energy
Figure calculated by adding to light vehicles Cement
the heavy-duty vehicles
multiplied by
Concessions
their number of axles. A light vehicle is equivalent to one heavy-duty vehicle axle
Highway
Concessions
Net Revenue
(R$ million)
873
538
276
331
359
409
499
294
104
2007
(*)
2008
2009
2010
Shipbuilding
Net Profit
(R$ million)
769
489
Real Estate
Development
EBITDA
(R$ million)
437
Engineering and
Apparel and
Construction
Footwear
2011
2007
2008
2009
2010
2011
2007
127
2008
140
2009
2010
168
2011
Values are proportional to Camargo Corrêa Group’s shareholding interest. Not inclusive of the debt from the acquisition of CCR’s shareholding interest in 2010
Ecuador, Costa Rica, and Curaçao through the purchase of assets
belonging to A-Port – a joint venture led by Camargo Corrêa
Group – and to Andrade Gutierrez. The amount allocated to
acquire these assets was US$ 214.5 million. This is intended not
only to enter a new infrastructure segment, but also to have a
better view and analysis of growth opportunities in the industry.
In 2011, concessions of highways, passenger transport, and
urban mobility provided net revenue of R$ 873 million, up
13.5% from the previous year. The cash flow (EBITDA) was
R$ 499 million, with a 57.2% margin over the net revenue, up
21.9% over 2010. The net profit rose by 20.0% and amounted
to R$ 168 million, with net margin of 19.2%.
49 |
Businesses
2011 Annual Report - Camargo Corrêa S.A.
Cement
Energy
Concessions
Highway
Concessions
Engineering and
Apparel and
Construction
Footwear
Luciano Conceição, from the team of customer service of Autoban, Bandeirantes Highway (SP)
Outlook
The businesses maintain optimistic expectations for the economic scenario of
Brazil. In addition to increased activity, with potential demands for infrastructure
development, opportunities arise from events such as the World Cup (2014) and
the Olympic Games (2016). This scenario demands investments in highways,
airports, and urban transportation systems – segments where CCR has competitive
advantages and capacity to add value.
Real Estate
Development
Shipbuilding