3Q06 Earnings Results

November 14, 2006

2

Forward Looking Statement

This presentation contains certain statements that are neither reported financial results or other historical information. They are forward-looking statements.

Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond CCR’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators, the Company's ability to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, inflation and consumer confidence, on a global, regional or national basis.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. CCR does not undertake any obligation to publicly release any revisions to these forward looking statements to reflect events or circumstances after the date of this presentation.

3

Highlights

Results

Outlook

Agenda

4

Highlights

Operating

Corporate

On August 31, 2006, the Company initiated a dividend payment, which was

recorded as anticipated dividends regarding FY 2006 results, amounting to

R$ 254.0 million, representing a dividend payout ratio of 131% over 1H06’s

Net Income.

Consolidated traffic recovery, when compared to recent quarters, up by

2.4% over the third quarter, 2005.

25.4% Increase in AVI users, totaling 632th.

5

Results

(1) Total Cost + Administrative Expenses

(2) Includes Prepaid Expenses

…operating costs and financial result.

3Q06’s results reflect a combination of factors...

(3) Pro forma amounts, excluding fiscal contingencies reversin in 3Q05 – net amount of R$ 62.1 million

Net Financial Result (3) (47.1) (48.7) 3.7% (120.0) (143.0) 19.3%Net Income (3) 120.2 121.1 0.9% 285.8 314.5 10.1%

R$ Million 3Q05 3Q06 chg % 9M05 9M06 chg %Net Revenues 519.3 550.0 5.9% 1,402.4 1,577.4 12.5%Total Cost (1) 290.5 315.5 8.6% 830.3 954.9 15.0%EBIT 228.9 234.6 2.5% 572.1 622.5 8.8%EBIT Margin 44.1% 42.7% -1.4 p.p 40.8% 39.5% -1.3 p.pDepreciation & Amortization (2) 81.3 87.9 8.1% 221.1 261.0 18.1%EBITDA 310.2 322.4 3.9% 793.2 883.6 11.4%EBITDA margin 59.7% 58.6% -1.1 p.p 56.6% 56.0% -0.6 p.pNet Financial Result 47.9 (48.7) -201.7% (25.0) (143.0) 472.8%Net Income 182.3 121.1 -33.6% 347.9 314.5 -9.6%

6

Operating Margin EvolutionR

$ (m

illio

n)R

$ (m

illio

n)

EBITDA x EBITDA Margin

130 128161 170 174

151

216 218 224259

310 309 299263

322

108 107 122 119

46% 46% 49% 47% 48% 47%53% 51% 52%

44%55% 55% 54% 55%

60% 56% 58%51%

59%

1Q02 2Q02 3Q02 4Q02 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06

Adjusted EBITDA x Adjusted EBITDA margin

138 137 163 162 155 152203 211 218 196

266 269 276319

375 374 362326

386

59% 59% 62% 60% 62% 60%67% 64% 66%

57%68% 68% 67% 68% 72% 68% 70%

64%70%

1Q02 2Q02 3Q02 4Q02 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 2Q06 3Q06(*) Pro forma figures, excludes concession fees

7

36% 43% 48%

64% 57% 52%

3Q04 3Q05 3Q06

CashEletronic

Revenues

Revenue Breakdown

Toll Payment Method

Toll96.4%

STP 1.5% Other 2.1%

Concession Breakdown

AutoBAn38%

NovaDutra

27%

Rodonorte 11%

Ponte 4%

Via Lagos2%

ViaOeste

16%

Other

2%

8

Traffic

Quarterly Historical Evolution(Equivalent Vehicles – million)

3Q06 x 3Q05 – Concession Breakdown(Equivalent Vehicles )

59 658078

3Q03 3Q04 3Q05 3Q06

3.2%

1.8% 1.5%

-0.5%

-1.4%

4.4%

AutoBAn NovaDutra Rodonorte

Ponte Via Lagos

ViaOeste

+2.4

%

9

...according to CCR’s expectation.

Net Revenue & Total Cost

Cost as a Percentage of Net Revenue

1T03 1T04 1T05 1T06

26% 24% 27% 27%30% 33% 22%

24%22%22%

23%21%

10%9%

12%13%

12%12%

16%

15%303

393

519

550

194235

290

315

64 %

60 %

56 %

57 %

R$

(mill

ion)

3Q03 3Q04 3Q05 3Q06

D&A

Third-Party

Concession Fee

Payroll

Other

Net Revenue

Other: insurance, rent, routine maintenance, marketing, travel and electronic payment.

Third-Party Services: auditing, consulting and shared services.

Operating costs are coming back to long term trend...

10

3Q03 3Q04 3Q05 3Q06

Short Term11.8%

Long Term88.2%

Gross Debt Net Debt

Indebtedness

In R$

679

1,214 1,276

1.11.2

1.1

Net DebtNet Debt / EBITDA LTM

R$

(mill

ion)1,269 1,184

1,4671,774

56%69%

80%

100%

R$

(mill

ion)

3Q03 3Q04 3Q05 3Q06

Current portfolio’s operating cash generation ensures...

...strong net income distribution and unlevaraged Balance Sheet

1,126

1.6

11

R$

(mill

ion)

70

214

615

276214

143

2007 2008 2009 2010 2011 After 2011

Indebtedness

...to the Company’s growth nor to refinancing its current portfolio.

Source of Funding Long Term Debt Amortization

Sources of funding are neither a growth boundary...

DebenturesIGP-M + 9.5%-11%

27%

Debentures103.3% - 105% CDI

28%

Other104.5% - 106.4% CDI

23%

BNDESTJLP + 5.0%

22%

12

Capital Expenditures

Concessionaires capital expenditures are according...

...to their concession contract schedule.

CAPEX (R$ MM) 3Q06 9M06 2006 (E) 2007(E)AutoBAn 39.1 125.6 225.3 68.1NovaDutra 16.2 47.4 90.6 96.1Rodonorte 11.1 25.6 29.9 36.4Ponte 1.0 8.0 14.1 14.8Via Lagos 0.3 3.9 3.4 4.5ViaOeste 49.5 118.3 187.0 43.4Other1 1.5 1.4 11.9 8.8

Consolidated 118.6 330.2 562.2 272.1(1) Includes CCR, Actua, Engelog, STP and Parques

13

New Businesses

Brazil is still the main growth driver,However, CCR will look for other markets.

New Federal Concessions

State of São Paulo New Concessions

Secondary Market

Mexico, Chile, United States and Canada

14

15

Ricardo Froes - CFOricardo.froes@ccrnet.com.brTel: 55 (11) 3048-5921

Arthur Piotto Filho - IRarthur.piotto@ccrnet.com.brTel: 55 (11) 3048-5932

BOVESPA: CCRO3Bloomberg: CCRO3 BZ

Reuters: CCRO3.SA

invest@ccrnet.com.brwww.ccrnet.com.br

Investor Relations

3Q06 Results