Grupo CCR S A : Earning Releases - 4Q21

4Q21 RESULTS

RESULTS

4Q21

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4Q21 RESULTS

Results for the Fourth Quarter of 2021

São Paulo, February 24, 2022

The Parent Company and Consolidated Financial Statements was prepared and is being presented under the accounting practices adopted in Brazil and International Financial Reporting Standards ("IFRS"), issued by the International Accounting Standards Board ("IASB"), all of which applied consistently with the main accounting practices described in Note 2 to the 2021 Financial Statements.

Unless otherwise stated, the financial and operating information is presented on a consolidated basis, in thousands of Brazilian reais, and the comparisons refer to 4Q20 and the full year of 2020.

The pro forma information includes the proportional data of the jointly-controlled subsidiaries. Said information, as well as non- financial information and other operating information, has not been reviewed by the independent auditors.

The total amounts informed in the tables of this earnings release may have slight variations, due to rounding.

Waldo Perez - Chief

Financial and Investor

Relations Officer

 [e-mail]  55 11 3048.5961

Investor Relations Office

 [e-mail]

Flávia Godoy

 [e-mail]  55 11 3048.5955

Douglas Ribeiro

 [e-mail]  55 11 3048.6353

Cauê Cunha

 [e-mail]

• 55 11 3048.2108

Caique Moraes

 [e-mail]

• 55 11 3048.2108

4Q21 x 4Q20 HIGHLIGHTS

• Consolidated vehicle traffic increased by 7.0%. Excluding ViaCosteira and RodoNorte, the increase was 2.5% in the period.
• The number of passengers transported in airports increased by 86.3% in the period.
• The number of passengers transported in mobility business increased by 24.9% in the period.
• Adjusted EBITDA grew by 37.9%, with a margin of 51.7% (10.1 p.p.). Same- basis1 adjusted EBITDA increased by 49.7%, with a margin of 53.7% (13.3 p.p.).
• Net Loss totaled R$133.2 million, compared to a loss of R$74.8 million in 4Q20. On the same base1, Net Income totaled R$182.6 million, compared to a Net Loss of R$12.3 million.

4Q21 RESULTS

• On January 28, 2022, the Company disclosed a Material Fact announcing it's subsidiary RioSP (Dutra) - Sistema Rodoviário Rio de Janeiro (RJ) - São Paulo (SP) signed a concession agreement to operate Rodovia BR-116/RJ, Rodovia BR-116/SP, Rodovia BR-101/RJ, and Rodovia BR-101/SP for a term of thirty years.
• On January 21, 2022, the Company disclosed a Material Fact announcing the signing of a concession agreement for the Pampulha Airport, whose purpose is the concession of public services for the operation, expansion and maintenance of this asset, for a concession term of 30 years.
• On November 29, 2021, the Company communicated the termination of
  RodoNorte's concession agreement, due to the end of its maturity.
• On November 25, 2021, CCR informed its shareholders that it would begin paying interim dividends of approximately R$0.08 per common share on December 15, 2021.
• The COVID-19 pandemic impacted demand and consequently CCR's 4Q21 results. For more details, please refer to the "COVID-19" section of this earnings release and Note 1.1 of the Financial Statements.
  1. Same-basis adjustments are described in the same-basis comparison section.

Financial Indicators

										IFRS			Proforma
Financial Indicators (R$ MM)					4Q20	4Q21	Chg %	4Q20	4Q21	Chg %
Net Revenues	1								2,557.3	2,835.2	10.9%	2,671.4	2,993.6	12.1%
Adjusted Net Revenues on the same basis	2	2,354.7	2,651.3	12.6%	2,468.9	2,809.6	13.8%
3								425.0	600.6	41.3%	474.2	685.2	44.5%
Adjusted EBIT
Adjusted EBIT Mg.	4						16.6%	21.2%	4.7 p.p.	17.8%	22.9%	5.1 p.p.
Adjusted EBITDA	5							1,064.0	1,467.0	37.9%	1,137.1	1,579.2	38.9%
Adjusted EBITDA Mg.	4					41.6%	51.7%	10.1 p.p.	42.6%	52.7%	10.1 p.p.
Adjusted EBITDA on the same basis	2			950.9	1,423.5	49.7%	1,024.0	1,535.7	50.0%
Adjusted EBITDA Mg. on the same basis	4		40.4%	53.7%	13.3 p.p.	41.5%	54.7%	13.2 p.p.
Net Income									(74.8)	(133.2)	78.1%	(74.8)	(133.2)	78.1%
Net Income on the same basis	2				(12.3)	182.6	n.m.	(12.3)	182.6	n.m.
Net Debt / Adjusted EBITDA LTM (x)			2.9	3.0		3.0	3.0
Adjusted EBITDA	5	/ Interest and Monetary Variation (x)	3.5	2.6		3.4	2.6
										IFRS			Proforma
Financial Indicators (R$ MM)					2020	2021	Chg %	2020	2021	Chg %
Net Revenues1								8,941.1	11,175.4	25.0%	9,356.0	11,723.4	25.3%
Adjusted Net Revenues on the same basis2	8,149.9	9,154.1	12.3%	8,564.8	9,802.4	14.4%
Adjusted EBIT3								2,071.1	3,558.1	71.8%	2,216.1	3,840.0	73.3%
Adjusted EBIT Mg.4						23.2%	31.8%	8.6 p.p.	23.7%	32.8%	9.1 p.p.
Adjusted EBITDA5							4,715.8	6,995.0	48.3%	4,996.9	7,387.5	47.8%
Adjusted EBITDA Mg.4					52.7%	62.6%	9.9 p.p.	53.4%	63.0%	9.6 p.p.
Adjusted EBITDA on the same basis2			4,140.7	5,313.1	28.3%	4,421.9	5,705.5	29.0%
Adjusted EBITDA Mg. on the same basis4		50.8%	58.0%	7.2 p.p.	51.6%	58.2%	6.6 p.p.
Net Income									191.0	695.6	264.2%	191.0	695.6	264.2%
Net Income on the same basis2				232.1	1,013.3	336.6%	232.1	1,013.3	336.6%
Net Debt / Adjusted EBITDA LTM (x)			2.9	3.0		3.0	3.0
Adjusted EBITDA5 / Interest and Monetary Variation (x)	3.9	4.3		3.7	4.2

1. Net revenue excludes construction revenue.
2. The same-basis effects are described in the same-basis comparison section.
3. Calculated by adding net revenue, construction revenue, cost of services, and administrative expenses.
4. The adjusted EBIT and EBITDA margins were calculated by dividing adjusted EBIT and EBITDA by net revenue,

excluding construction revenue.

4Q21 RESULTS

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

• Same-basiscomparisons

To ensure comparability of quarterly results, same-basisadjustments were made by excluding from the periods compared:

• ViaCosteira, whose concession agreement was signed in July 2020.
• RodoNorte, whose concession agreement ended in November 2021.
• Lines 8 and 9 of CPTM, whose concession agreement was signed in June 2021.
• Central and South Airport Blocks, whose concession agreements were signed in October 2021.
• To ensure comparability of the YTD results, in addition to the effects mentioned above, we also excluded ViaQuatro's rebalancing impacts, recorded in
  1Q21.
• The effect of the Preliminary Agreement signed with the São Paulo State Government, in June 2021, was also adjusted.

• Diversity stands out in CCR's ESG results in the fourth quarter of 2021

Grupo CCR, one of Latin America's major infrastructure players for human mobility, makes available to investors the ESG consolidated results for 2021, reinforcing its commitments to the topic.

Publication of IAR + SASB

CCR publishes its Integrated Annual Report (RAI) on an annual basis, containing economic-financial, environmental, social and governance (ESG) information, in accordance with the GRI (Global Reporting Initiative) Standard and CVM Resolution 014, which approves Technical Guidance CPC 09 on Integrated Reporting, in accordance with the guidelines of the IIRC - International Integrated Reporting Council. In this edition, for the first time, we disclosed ASB (Sustainable Accounting Standard) indicators - a milestone for international ESG reporting standard in the market.

CCR's 2021 Integrated Annual Report containing its performance and prospects is available at:

https://www.grupoccr.com.br/sustentabilidade/relatorios

Check out the results below, which show the Company's strength in addressing diversity under the ESG social guidelines.

4Q21 RESULTS

• Materiality Matrix and ESG and ESG Master Plan

In 2021, CCR Group's materiality matrix was revised and the ESG Master Plan was structured. The plan contains strategic objectives, tactical actions, KPIs and goals, as a way of strengthening the transversality of the theme at the Company and ensuring the entire organization is committed with this agenda.

The annual report indicates at what stage the Group is performing in each material theme: governance, quality of services, safety and health, community relations, work environment, climate change, biodiversity and land use.

• 11th consecutive year in B3's Corporate Sustainability Index (ISE) portfolio

For the eleventh consecutive quarter, CCR was included in B3's Corporate Sustainability Index (ISE). B3's 17th ISE portfolio came into effect January 3, 2022,

maturing December 30, 2022. This new portfolio gathers shares from 46 companies that represent 27 sectors. Together, the companies amount to R$1.74 trillion in market cap, 38.26% of the total market cap of companies listed on B3, based on the closing date of December 30, 2021.

Diversity

This topic has been part of CCR's strategic ESG pillar since October 2020 and is

now transversally consolidated in the Company's modals. The first results are as

follows:

• Last quarter, we carried out gender-, disability- and race-related initiatives. We carried out 30 initiatives (training sessions and lectures) over 2021, mobilizing around 6,700 employees from various hierarchical levels and departments within the Company.
• A workshop held with our Legal team was also a highlight for the last quarter and allowed discussions on specific diversity and inclusion topics.
• In December, the Diversity area was integrated into the People and Management structure aimed at improving our inclusion efforts through specific programs to attract, integrate and internally develop minority groups.
  As part of the ESG strategy, D&I (Diversity and Inclusion) KPIs were defined to monitor the 2022 management model. The indicators will monitor the integration and promotion of women in leadership, turnover rates after maternity leave and for individuals with disabilities in order to direct our efforts and promote ongoing improvements in our diversity and inclusion indexes.