Apresentação ri arteris ingles dez13

Company Presentation

January 2013

arteris

Disclaimer

This presentation contains forward-looking statements concerning the business prospects, estimates of operating and financial results and growth outlook of arteris Brasil, which are based exclusively on the expectations of the management of arteris concerning the future of its business and its continued access to capital to fund its business plan.

These forward-looking statements may be affected by on changes in market conditions, government regulations, industry performance, new highway privatization programs, the economic scenario and other factors, as well as the risks described in the disclosure documents filed by OHL Brasil, and are subject to change without prior notice.

arteris and the toll-road industry

Centrovias (SP)

History and profile

Largest company in Brazil’s toll-road industry in kilometers managed: 3,226 km in operation

Presence in 5 states that concentrate: – 65% of the country’s GDP – 43% of the country’s population – 2/3 of the country’s vehicle fleet

21% market share of total kilometers of highway

operated under concession 16% market share of total toll plazas revenues of

highway operated under concession Traffic: 669.4 million vehicles in 2011

ANTT’s Auction

616

2,712

430

1,195

2007 2011

Net Revenue – R$ million Adjusted EBITDA – R$ million

CAGR 07-11 44.87%

CAGR 07-11 29.14%

IPO

Vianorte Acquisition

2nd Round of the Federal Highway

Concession Program

1997

Launch of operations in

Brazil Acquisition of 6% of Autovias

Autovias Acquisition

Centrovias Acquisition

Launches operations of

Litoral Sul, Planalto Sul, Fluminense, Régis Bittencourt and Fernão Dias

1998

2001 2002

2004

2005

2006

2007

2008

Intervias Acquisition

State

Federal

4

Post Deal Structure Pre Deal Structure

New structure with Abertis and Brookfield

Abertis and Brookfield offer 10% of Abertis´s shares in exchange for 100% of Partícipes Brasil

Abertis and Brookfield take R$ 1.230 millions in debts from Particícipes Brasil

Abertis and Brookfield pay OHL. S.A. € 10.7 million in cash

OHL S.A. becomes a reference shareholder of Abertis

Abertis now holds 51% of arteris and Brookfield 49%

5

Minority shareholders

Minority shareholders

Abertis – World Leader in the management of transportation and telecom infrastructure

Highways 3.700 km of highways concessions in Europe and Latin America

Airports Presence in 29 airports in Europe, North America ans Latin America

Telecom 3.300 transmission towers in Spain and major shareholder in the Spanish satellite operations

Geographic Presence

48%

37%

5% 5%

4%

Highways

Global Revenues

8%

79%

13%

Global EBITDA

Total 2011: € 3.9 billion Total 2011: € 2.5 billion

3% 88 % 9%

Airports Telecom

Spain

France

UK

Chile

Rest of the world

Airports

Telecom

Highways

UK Chile

Rest of the

world Spain

France

51%

39%

5% 3% 2%

12 countrys 3 sectors

11,000 employees

6

Abertis and Brookfield Strategy for arteris

Long term investments in Brazil looking for new opportunities

Valu

e ge

nera

tion

Strong and recurrent cash generation

Recurrent and sustainable distribution of dividends

Conservative capital structure to facilitate new investments and supporting the dividend policy of arteris

Reference partner to the local authorities

Maintain the company listed at BM&Fbovespa increasing liquidity

Effic

ienc

ies a

nd O

ppor

tuni

ties Management focused on improving margins and delivery of projects according to scheduled scope,

and budget

Efficient planning using best practices and experiences of Abertis and Brookfield, folowing the contractual obligations

Search opportunities for acquisitions of highway concessions and participation in future new concessions

Improvement in financial management reducing the cost of capital of the company, optimizing its capital structure

7

Concessions in Brazil

Operation of highways delegated to the private sector through concession contracts

Granting of concession preceded by bidding process

Charging of tolls

Economic and financial equilibrium

Annual toll adjustment based on inflation

Concessionaires assume operational risks and investments in highways

Public assets returned in good conditions at the end of the concession period

Basic principles

Reduction in Accidents

Reduction in “Brazil

Cost” Dramatic

increase in service quality

History of the Regulatory Framework

1993 Passing of Law 8.666 establishing concession contracts and bidding processes

1993 Launch of federal highway concession program

1996 Law 9.277 authorizes federal government to delegate to states and municipalities the management and operation of certain federal highways

1997/8 States of São Paulo, Paraná and Rio Grande do Sul conduct their own highway concession programs

2001 Launch of restructuring process in the transportation sector by the federal government, creating CONIT, ANTT and DNIT

2002 Creation of São Paulo State Public Transportation Services Regulatory Agency (ARTESP)

Concession Authority

Regulatory Agency

Concessionaire

Grant the right to operate public assets

Develop concession models Manage contracts and ensure

economic and financial equilibrium

Supervise and control compliance with contractual terms

Responsibilities

User

2003 Dissolution of DNER; DNIT and ANTT assume respectively highway construction / maintenance projects and the regulation, granting and supervision of concessions

Improve transportation infrastructure

Operate highways Provide high

quality services to users

8

Concessions in Brazil

1,473.5 km

BR 040 RJ-MG Rio de Janeiro - Juiz de Fora 179.7 km

BR 116 RJ Rio de Janeiro - Teresópolis - Além Paraíba 142.5 km

BR 101 RJ Ponte Rio-Niterói 13.2 km

BR 116 RJ-SP Rio de Janeiro - São Paulo 402 km

BR 290 RS Osório - Porto Alegre 112.3 km

BR 116-293-392 RS Pólo de Pelotas 623.8 km

Second round 2,620.8 km

BR 116 SP-PR São Paulo - Curitiba 401.6 km

BR 381 MG-SP Belo Horizonte - São Paulo 562.1 km

BR 116-376 + BR 101 PR + SC Curitiba - Florianópolis 382.3 km

BR 101 RJ Rio de Janeiro - Espírito Santo 320.1 km

BR 153 SP São Paulo - Paraná 321.6 km

BR 116 SC Curitiba (SC and RS) 412.7 km

BR 393 RJ-MG Minas Gerais - Rio de Janeiro 220.4 km

Second round 680.6 km

BR 116 / 324 BA BR 116 - Feira de Santana 554.1 kmBR 324 - Salvador - Feria 113.2 kmBR 526 - BR 324 - BA 528 9.3 kmBR 528 - BA 526 - Aratu 4.0 km

Phase 1

Phase 2

First round Third round 2,046.0 km

BR 040 DF-MG Brasília - Junction BR 135 590.0 km

BR 040 MG Junction BR 262/381 (BH) - BR 135 109.0 km

BR 040 MG Junction BR 356 (BH) - Juiz de Fora 230.0 km

BR 116 MG BA-MG / MG-RJ 817.0 km

BR 381 MG Junction MG 020 (BH) - Gov. Valadares 301.0 km

Third round 1.993.0 km

BR 060 DF-GO Junction DF 001 (Brasília) - BR 153 126.0 km

BR 153 GO Junction BR 060 - GO/MG Border 260.0 km

BR 101 ES RJ-ES / ES-BA 458.0 km

BR 101 BA ES-BA - Junction BR 324 791.0 km

BR 470 SC Navegantes - SC/RS 359.0 km

Phase 1

Phase 2

Highways - Federal In operation Projected

Airports

State PAX / year

RN São G. Amarante 2.3 million*

SP Guarulhos 30 million

SP Viracopos 7.5 million

DF Brasília 15 million

Airport State PAX / year

RJ Galeão 15 million

MG Confins 9.3 million

NE / N TBD n.a.

AirportIn operation

Highways - State, Municipal and PPPs State Contracts 10,054 km

SP 18 5,299 km

RS / PR 13 4,270 km

RJ / BA / ES 4 485 km

PPPs Contracts 377 km

MG 1 371 km

PE 1 6 km

Municipal Contracts 35 km

RJ 1 35 km

Projected

(4)

* Estimated. Airport under construction

9

The Sector in numbers

Freight transport matrix National vehicle fleet – MM

Public Highways Concession Highways

Source: CNT 2011 Highway Survey and Denatran

General conditions of Brazil’s highways

61%

21% 14%

4% 0.4%

Highway

Rail

Waterway

Pipeline

Air

45%

42%

12% 1% 3%

25%

32%

20%

9%

Excellent

Good

Fair

Poor

Very poor

Good

Excellent

Poor Fair

Intervias (SP)

39.6

10.6

18.2

1.6

Light Commercial Motorcycle Other

10

86% 14%

93%

7% 34%

16%

12%

7%

31%

São Paulo: 19

Paraná: 6

R.G. do Sul: 7

PE/BA/ES/MG/RJ: 9

Federais: 14

The Sector in numbers

Source: ABCR

Brazil’s Road Network Paved

R$ 8.3 bi Taxes R$14 bi

Investments

27,000 Km Paving and Resurfacing

47,000 Jobs

+R$35 MM Social

Responsibility

Paved

Unpaved

Key figures in the private sector (2007-2011)

No Concession

Under Concession

55 Concessionaires

15,500 Km Granted

R$1.5 bi Vehicles

2011

Under Concession

15,473 Km 1.6 MM Km 214,413 Km

Concessionaires

11

17%

17%

19% 15%

3% 5% 7%

12% 6% 14%

14%

16% 13% 4%

7%

11%

13% 8%

arteris Current Portfolio

Key financial data for concessions – R$ MM

State Federal

Toll Plaza Revenue 2011 EBITDA 2011

Federal

State

* Excludes revenue from construction


360 465 507 546

617 724 776

896 996

811

218 305 344 383 441

544 578 690

780 640

60.5% 65.6% 67.9% 70.2% 71.5% 75.1% 74.5% 77.0% 78.4% 78.9%

2003 2004 2005 2006 2007 2008 2009 2010 2011 9M12

Net Revenue Adjusted EBITDA Adjusted EBITDA Margin

48

100 128 138 138 140 152

170 180 182 188 196 204 197 208

25 53 61 58 60 70 79 88 88 101 97 104 95 103

25.0%

41.4% 44.2% 42.0% 42.9%

46.1% 46.5% 48.8% 48.3% 53.6%

49.4% 50.8% 48.1% 49.6%

1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

Net Revenue Adjusted EBITDA Adjusted EBITDA Margin

Autovias

Centrovias

Intervias

Vianorte

Litoral Sul

Régis

Fernão Dias

Fluminense

Planalto Sul

Vianorte

Planalto Sul

Fluminense

Fernão Dias

Régis

Litoral Sul Autovias

Centrovias

Intervias

12

arteris Current Portfolio: State Concessions (2011)

Length 316.6 km

Toll Plazas 5

Duration August 2018

Vehicle Equivalents 42.9 MM

Net Revenue R$ 252 MM

Adjusted EBITDA R$ 193 MM

Length 218.2 km

Toll Plazas 5

Duration June 2018 2019




Length 375.7 km

Toll Plazas 9

Duration January 2028




Length 236.6 km

Toll Plazas 4

Duration March 2018




Centrovias

Vianorte Intervias

Autovias

13

Length

401.6 km

Toll Plazas

6

Duration

February 2033

Vehicle Equivalents

143.7 MM

Net Revenue

R$ 490 MM

Adjusted EBITDA

R$ 133 MM

Lengtth

382 .3 km

Toll Prazas

5

Duration

February 2033

Vehicle Equivalents

115.6 MM

Net Revenue

R$ 313 MM

Adjusted EBITDA

R$ 67 MM

Length

412.7 km

Toll Plazas

5

Duration

February 2033

Vehicle Equivalents

27.9 MM

Net Revenue

R$ 200 MM

Adjusted EBITDA

R$ 32 MM

Length

320.1 km

Toll Plazas

5

Duration

February 2033

Vehicle Equivalents

46.8 MM

Net Revenue

R$ 215 MM

Adjusted EBITDA

R$ 61 MM

Length

562.1 km

Toll Plazas

8

Duration

February 2033

Vehicle Equivalents

153.2 MM

Net Revenue

R$ 392 MM

Adjusted EBITDA

R$ 81 MM

arteris Current Portfolio: Federal Concessions (2011)

Planalto Sul Régis Bittencourt

Fluminense Litoral Sul

Fernão Dias

14

Marginal IRR Discussion to

determine IRRs applied to the

contract addendums in

force

2000s 1990s New reality

Start of concession program Unknown regulatory framework Higher execution risk Higher country risk Lower competition for assets

Political and economic stability BNDES financing up to 70% of the

capex

Regulatory framework well consolidated Execution track record Brazil reaches investment grade Strong competition for projetcs

Airport Bids Guarulhos / Viracopos / Brasília

arteris – Federal Concessions

arteris – State Concessions

Profitability achieved despite low tolls tariffs and capex

execution

Evolution of the real interest rate*

IRR* 17-20%

IRR** <8%

* Real Project IRRs (contract) ** Estimates based on information from market´s analysts

2007 arteris breaks the paradigm of high

toll tariffs

IRR* 8-9%

25.04%

15.93% 18.26%

26.36%

14.78% 10.71%

8.86% 5.75%

12.69%

7.90%

12.59% 11.53% 7.00% 6.06% 5.30% 3.59% 4.79%

1.73% 1.76%

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012E 2013E

* CDI annual – IPCA annual (sources: CETIP e IPEA)

Concessions in Brazil Rate of return on projects and the new market reality

15

Highlights Operating and Financial 16

Tolled Traffic

62.8% growth at Centrovias in 2011 compared to 2010 due to the implementation of bidirectional toll collection at the four toll plazas

Growth of 25.9% at Autopista Fernão Dias in 2011 compared to 2010 due to the inauguration of its last toll plaza in September 2010

Elasticity

Last 12 months

6% 7%

9%

5% 4%

7%

23%

21%

18%

Toll Plaza– Autopista Fernão Dias (MG)

13.50%

6.72%

3.02% 2.33%

6.60% 6.19%

-0.34%

11.01%

3.88% 3.16% 3.96%

6.09% 5.17% -0.33%

7.53%

2.73%

2005 2006 2007 2008 2009 2010 2011

Federal State GDP

2011 Var.2010x2011 9M12 Var.

9M12 x 9M11 3Q12

State 182,180 14.3% 139,908 3.3% 50,351 Autovias 42,931 2.6% 32,629 1.9% 11,656 Centrovias 47,642 62.8% 37,189 5.4% 13,446 Intervias 58,534 2.9% 44,686 2.6% 16,069 Vianorte 33,073 5.1% 25,405 3.4% 9,180

Federal 487,193 11.5% 375,646 4.5% 128,053 Planalto 27,969 4.8% 20,838 -0.2% 7,029 Fluminense 46,778 7.6% 36,497 5.2% 12,183 Fernao 153,191 25.9% 119,060 5.1% 41,253 Regis 143,705 5.5% 108,547 2.1% 37,100 Litoral 115,550 6.0% 90,704 7.3% 30,488

Total 669,372 12.3% 515,554 4.1% 178,404

Centrovias

Intervias

Vianorte

Litoral Sul

Régis

Fernão Dias

Fluminense

Planalto Sul

Autovias

17

Tolled Traffic

State

Federal

Commercial vs. Light - % Vehic. Equivalents Electronic Toll Collection (AVI) - % Vehic. Equivalents

58.4% 61.4% 62.3% 61.1% 60.0%

62.9% 63.3% 61.1% 60.1%

62.3% 64.0% 61.7% 60.1% 61.5%

63.6%

41.6% 38.6% 37.7% 38.9% 40.0%

37.1% 36.7% 38.9% 39.9%

37.7% 36.0% 38.3% 39.9% 38.5%

36.4%


Commercial Light

74.0% 76.3% 75.4% 73.3% 72.0% 76.5% 76.4%

73.6% 72.6% 76.1% 76.3% 74.3% 72.1%

75.4% 74.8%

26.0% 23.7% 24.6% 26.7% 28.0% 23.5% 23.6%

26.4% 27.4% 23.9% 23.7% 25.7% 27.9%

24.6% 25.2%


Commercial Light

50.7% 53.0% 53.7% 53.8% 53.9%

56.0% 56.7% 57.3% 58.0% 60.0% 61.7% 61.2% 60.8% 62.4% 62.9%

25.0% 27.5%

29.6% 30.2% 31.6% 35.4% 36.9% 38.1% 39.8%

42.5% 44.2% 44.3% 44.8% 46.9% 47.0%


State Federal

18

Average toll tariff

The tolls charged by state concessionaires are adjusted annually, on July 1 of each year, by the annual rate of inflation measured by IGP-M index.

On federal highways the adjustments are implemented each year based on IPCA inflation in the 12 months as from the previous adjustment, and adopting the criteria of rounding to the first decimal place. The toll adjustment is implemented in February for Autopista Fluminense and Autopista Litoral Sul and in December for Autopistas Fernão Dias, Régis Bittencourt and Planalto Sul.

Avg Toll Tariff(R$ / Vehicles Equivalents)

3Q12 2Q12 3Q11 Var 3Q12/2Q12

Var.3Q12/3Q11

State 6.46 6.21 6.19 4.1% 4.5%Autovias 6.76 6.57 6.52 2.8% 3.6%Centrovias 6.16 5.92 5.91 4.2% 4.3%Intervias 5.62 5.36 5.35 4.8% 5.0%Vianorte 8.01 7.65 7.66 4.7% 4.6%

Federal 1.79 1.79 1.69 0.0% 5.9%Planalto Sul 3.30 3.30 3.10 0.0% 6.5%Fluminense 3.10 3.10 2.80 0.0% 10.7%Fernão Dias 1.40 1.40 1.30 0.0% 7.7%Régis Bittencourt 1.80 1.80 1.70 0.0% 5.7%Litoral Sul 1.42 1.42 1.40 0.0% 1.3%

Total 3.11 3.00 2.96 3.5% 5.0%

19

Financial Highlights Traffic – MM vehicle equivalent units

Adjusted EBITDA and Margin* – R$ MM / %

Gross Revenue – R$ MM

Net Income – R$ MM

Toll Plaza - Autovias (SP)


596 669

495 516

171 178

2010 2011 9M11 9M12 3Q11 3Q12

304

404

300 297

138 103

2010 2011 9M11 9M12 3Q11 3Q12

1,631 1,899 1,395 1,550

507 554

618

896

597 823

256 298

94

105

80 80

25 25

2010 2011 9M11 9M12 3Q11 3Q12

Others

Construction

Toll

980 1.195

892 965

339 358

62,6% 65,8% 66,7% 65,4% 70,5% 68,3%

2010 2011 9M11 9M12 3Q11 3Q12

20

R$ thousand

Costs and Expenses

Cash costs as % Net Revenue (ex. construction)

Cash Costs - 2Q12

(594) (621)

(142) (166)

(618)

(896)

(256) (298)

(146)

(183)

(43) (72)

(175)

(204)

(51) (65)

(1,533)

(1,905)

(493) (602)

2010 2011 3Q11 3Q12

Cash Cost

Cost of Construction Services

Provision for highway Maintenance

Depreciation and Amortization

28%

28% 14%

5%

6% 3%

2% 1% 1% 12%

Third party services

Personnel

Conservation

Inspection fee

Costs with granting authority

Insurance and Guarantees

Management compensation

Civil, labor and Tax risks

Tax expenses

Other

37.4% 34.2% 29.5% 31.7%

2010 2011 3Q11 3Q12

21

Indebtedness

Gross Debt – R$ MM

Debt Composition (3Q12) Leverage Ratio and Net Debt – R$ MM

Amortization Schedule – R$ MM

TJLP + 2.2% up to 2.6%

IPCA + 8%

CDI + 1.5% up to 1.7%

BNDES

Other

Debentures

Federal

Other

State

58.6% 28.7%

12.7%

58.6% 41.3%

0.2%

57.9% 41.6%

0.5%

143

383 452

414

236 246

143 154 167 180 194 209 194

73 13

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

1,158 1,197 735 947

1,784 1,186 1,281 1,234

873 908 552 426 414 432 453

267 73

9

922 84

7 37

1,28

7

1,22

3

1,55

4

1,88

2

1,86

2

2,41

1

2,67

2

2,69

0

2,71

3

2,74

7

1,425

1,936 1,657 1,794 1,822

2,474 2,504 2,789 2,754 2,770

2,963 3,098 3,104 3,145 3,200


Short term Long term

1,174 1,291 1,325 1,346 1,354 1,450 1,455 1,523 1,453 1,575 1,611 1,797 1,883

2,139 2,237

2.5 2.6 2.4 2.0 1.7 1.7 1.6 1.6 1.5 1.5 1.5 1.6 1.6 1.8 1.9


Net Debt Net Debt/Adjusted EBITDA - Fixed Concession Charge (last 12 months)

22

INVESTMENTS and construction timetable

Autopista Fernão Dias: Improvements on the highway

Autopista Fernão Dias: Improvements on the highway

5% 11%

19%

22% 23%

20%

13%

28%

10%

48%

Investments

Total – R$ ‘000 Highway Maintenance

Intangible / Fixed Assets State

679,527 750,787 598,281

876,712

1,114,893

246,198 275,838

77,997

127,192

131,188

144,676

31,370 48,978

679,527

828,784

725,473

1,007,900

1,259,569

277,568 324,816

2008 2009 2010 2011 12M 3Q11 3Q12

Intangible and fixed assets Maintenance

Autovias

Centrovias

Intervias

Vianorte

Litoral Sul

Régis Bitencourt Fernão

Dias

Fluminense

Planalto Sul

24

Investments Main works completed and ongoing projects

Repaving

Before After

Grass cutting

Before After

Drainage

Before After

Signage

Before After

Ongoing projects - Federal Duplication of 59.6 km of the BR 101/RJ between the cities of Macaé and Campos de Goytacazes, which was begun in the 3Q11, as soon as the construction license was obtained from IBAMA. Approximately R$ 200 million will be invested in this first phase. Altogether the project includes the duplication of176.6 km

Construction of the second phase of Betim (MG) belt, a 9 km bypass. Connecting the two extremities of the highway will make it possible to create an alternative route for long-distance through traffic. Expected investment in the project is around R$40 million. Construction began in October 2011.

Construction of the initial and final stretches of the second lane on Serra do Cafezal Highway (BR 116/SP), on 11 km of road near the cities of Juquitiba and Miracatu. In all, 30 km of highway will be expanded. The license for the central stretch was approved in late December 2012 by the environmental agency. In all, R$ 700 million should be invested in this project.

Duplication of 25 km of Highway BR-116, between Curitiba and Mandirituba, which was begun in October 2011. The project will require investments of approximately R$ 70 million.

Construction of a total of 12.2 km of side streets in municipalities of Camburiú (SC), Tijucas (SC), Itapema (SC) e Itajaí (SC). Completion of a traffic interchange in the industrial district of São José dos Pinhais (PR), and a traffic interchange at the junction of the Contorno Leste Curitiba. Completion of the structural reinforcement and extension of two (2) viaducts and construction of two (2) walkways and one (1) operational base in Biguaçu (SC).

Fluminense

Fernão Dias

Régis

Litoral Sul

Planalto Sul

25

OPPORTUNITIES

Opportunities Highways

Next Federal Highways

Antes

BR-116/MG (25 years)

BR-040 (DF/GO/MG) (25 years)

• Strech of Highway BR-116 in the state of Minas Gerais between Além Paraíba and Divida Alegre. Connects the strech of BR-393 RJ and BR-116 BA already granted, for a total of 817 km

• 8 toll plazas

• Toll Tariff: R$ 6.41 (Per Plaza)

• Revenue: R$ 13.6 billion

• Estimated Capex: R$ 5.07 billion

• Term: 25 years

• Auction: January/2013

• Strech of Highway BR-040 starting in the Federal District, at the interchange with Highway BR 251, and ending in Juiz de Fora (MG) at the start of the strech granted to the operator CONCER, for a total of 937 km in

• 11 toll plazas

• Toll Tariff: R$ 4.22 (Per Plaza)

• Revenue: R$ 16.0 billion

• Estimated Capex: R$ 6.63 billion

• Term: 25 years

• Auction: Janeiro/2013

Source: ANTT, Federal Government and Internal Studies (Base Date: Jan/12)

Programed Federal Highways

27

Appendices

Capital Markets

Stock Performance (Basis 100)

Stock Liquidity

Composition of Free Float

Analyst Coverage

Number of trades (daily average)

Financial Trading Volume (daily average) – R$ MM

Dividends

Institutional Brazilian

Individuals

Year Div. / Share Payout

2010 R$ 0.99 25%

2011 R$ 2.83 52%

Institutional Foreign

ARTR3 Shares: 344,444,440 Free Float: 40%

Ágora Banco do Brasil Barclays Citigroup Coinvalores Credit Suisse Fator Corretora Goldman Sachs

Planner JP Morgan Merrill Lynch Morgan Stanley UBS Santander Votorantim Itaú Total: 16 institutions

59,175 (+4,3%)

R$ 18.60 (+52,5%)

Market Cap R$ 6.41 billions

/12/2011 28/01/2012 27/02/2012 28/03/2012 27/04/2012 27/05/2012 26/06/2012 26/07/2012 25/08/2012 24/09/2012

56.4%

41.3%

2.3%

2.5 2.7 5.8

3.4 3.3 5.9 6.1 5.7 5.5 5.6 7.2

15.5

22.7

3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12

155 173 214 143 150 225 241 299 283 260 294

1,714

2,390

3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 29

* Source: IBGE, FGV, BACEN, CETIP, Focus Report and BNDES

2.7

1.1

5.7

3.2 4.0

6.1 5.2

-0.6

7.5

2.7 1.5

3.9

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012E 2013E

25.3

8.7 12.4

1.2 3.8

7.8 9.8

.-1,7

11.3

5.1 7.6

5.1

12.5 9.3

7.6 5.7

3.1 4.5 5.9 4.3

5.9 6.5 5.4

5.4

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012E 2013E

IGP-M IPCA

Macroeconomic Scenario GDP (%)

Interest Rates (%)

Inflation (%)

24.9

16.3 17.8 18.1

13.2 11.2

13.7

8.7 10.7 11.6

7.3 7.3 10.0 11.0 9.8 9.8

6.9 6.3 6.3 6.0 6.0 6.0 5.5 5.5

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012E 2013E

CDI TJLP

30

Planalto Amount Cost Term Max. % Financed

Subcredit A 184.057 TJLP + 2.58% a.a. 144 monthsSubcredit B 90.007 TJLP + 2.58% p.a. 138 monthsSubcredit C 57.280 TJLP + 2.58% p.a. 120 monthsTotal 331.344 68%

Fernão Amount Cost Term Max. % Financed

Subcredit A 493.382 TJLP + 2.21% p.a. 144 monthsSubcredit B 159.300 TJLP + 2.21% p.a. 138 monthsSubcredit C 50.072 TJLP + 2.21% p.a. 123 monthsTotal 702.754 70%

Régis Amount Cost Term Max. % Financed

Subcredit A 446.395 TJLP + 2.21% p.a. 144 monthsSubcredit B 623.100 TJLP + 2.21% p.a. 126 monthsTotal 1.069.495 65%

Litoral Amount Cost Term Max. % Financed

Subcredit A 508.122 TJLP + 2.32% p.a. 144 monthsSubcredit B 297.964 TJLP + 2.32% p.a. 120 monthsSubcredit C ¹ 4.051 TJLP 120 monthsTotal 810.137 68%

Fluminense Amount Cost Term Max. % Financed

Subcredit A 403.712 TJLP + 2.45% p.a. 144 monthsSubcredit B 373.204 TJLP + 2.45% p.a. 125 monthsSubcredit C ¹ 3.903 TJLP 125 monthsTotal 780.819 70%

General Total 3.694.549

Autovias Issue Cost Due

1st Series 285.000 CDI + 1.6% p.a. March-15

2nd Series 120.000 IPCA + 8% p.a. March-17

2nd Issue 100.000 CDI + 1.7% p.a. November-15Total 505.000 National Global

Centrovias Issue Cost Due


2nd Series 120.000 IPCA + 8% p.a. March-17Total 406.131 National Global

Intervias Issue Cost Due

1st Issue 307.947 CDI + 1.5% p.a. March-15

2nd Issue 300.000 CDI + 1.7% p.a. November-15Total 607.947 National Global

Vianorte Issue Cost Due


2nd Series 100.000 IPCA + 8% p.a. March-17Total 253.776 National Global

General Total 1.772.854

Aa1.br Baa3

Aa3.br Ba2

Rating Moody's

Rating Moody's

Rating Moody's

Aa2.br Ba1

Rating Moody's

Aa2.br Ba2

Financing

BNDES – R$ ‘000 Debentures – R$ ‘000

¹ Resources destinated to social investments

31

Ownership Structure

60.0%

100,0%

100,0%

4.68%

100% 100%

Participes en Brasil S.L.

federal concessions SÃO PAULO - state concessions other

51.0% 49.0%

Brookfield Asset Management Inc

32

Term of the Concessions

Average duration of concessions in our portfolio is 15.9 years

13 13 12 13

4 4 4 4 4

7 8

16

7

21 21 21 21 21

Years elapsed Years pending

Federal Concessions State Concessions 33

Investor Relations

R. Joaquim Floriano, 913 – 6º andar

Itaim Bibi – São Paulo – SP

CEP 04534-013

Tel: +55 11 3074-2410

Visit our website:

www.arteris.com.br/ir

Apresentação ri arteris ingles dez13

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