Earnings release
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ecoRODOVIAS Ecorodovias Infraestrutura e Logística S.A. announces its results for the first quarter of 2021 ( 1Q21 ) . Except where stated otherwise , comparisons are with the first quarter of 2020 ( 1Q20 ) . Sums may differ due to rounding . OPERATING AND FINANCIAL HIGHLIGHTS ✓ Pro - forma net revenue¹ of R $ 836.3 million in 1Q21 ( + 8.9 % ) . ✓ Adjusted cash costs² of R $ 247.2 million in 1Q21 ( + 4.3 % ) . ✓ Pro - forma EBITDA³ of R $ 575.4 million in 1Q21 ( + 8.5 % ) and pro - forma EBITDA margin of 68.8 % . Net income of R $ 88.0 million in 1Q21 ( -11.9 % ) . ✓ Financial leverage at 3.3x compared to 3.4x in 4Q20 . ✓ In February 2021 , Ecorodovias obtained the international anti - bribery certification ISO 37001 , which attests that the Company's Ethics Program - Integrity System is capable of preventing , addressing and identifying bribery practices . ✓ In March 2021 , Brazil's National Ground Transportation Agency ( ANTT ) authorized the start of toll collection by Ecovias do Cerrado at the P3 , P4 and P5 toll plazas and as from March 20 , 2021 is fully operational . ✓ In April 2021 , the Company , through the consortium Eco153 ( in which ECS holds 65 % interest and GLP X Participações 35 % ) , won the concession auction to operate highway BR - 153 / 414 / 080 / TO / GO for 35 years . The concession is for a 850.7 km stretch between Aliança do Tocantins ( TO ) and Anápolis ( GO ) . The highway is one of the main goods transport corridors between the Southern , Northern and Midwest regions of the country . ✓ In April 2021 , Ecovias dos Imigrantes executed , with the Concession Authority , Amendment 18/2021 , which established the assumptions that led to the extension of the termination of the concession agreement from June 2026 to March 2033 , which included rebuilding imbalance events and the inclusion of the new investments required for providing public services , as disclosed in a material fact . ✓ In May 2021 , Ecovias dos Imigrantes issued R $ 600 million in debentures for a period of 1 year at the cost of CDI + 1.05 % p.a. In May 2021 , Ecorodovias published the first Integrated Report , which is the main tool for reporting environmental , social and governance indicators with the results achieved in material topics . Financial Indicators ( R $ million ) Pro - Forma Net Revenue¹ Pro - forma EBITDA³ Pro - forma EBITDA Margin³ Net Income Capex Net Debt Available Cash Net Debt / Pro - forma EBITDA³ LTM4 1 ) Excludes Construction Revenue . 2 ) Exclude costs and expenses of Ecovias do Cerrado . 3 ) Exclude Construction Revenue and Costs and Provision for Maintenance . 4 ) LTM Last 12 Months . 1Q21 Earnings Release 1Q21 Earnings Conference Call with Webcast on May 14 , 2021 : In Portuguese with simultaneous translation into English : Time : 9 a.m. ( Brasília ) 8 a.m. ( New York ) www.ecorodovias.com.br Dial - in : Portuguese : +55 ( 11 ) 3181-8565 English : +1 ( 412 ) 717-9627 ( USA ) Password : Ecorodovias Replay : +55 ( 11 ) 3193-1012 Code - Portuguese : 9801605 # Code - English : 4372901 # 1Q21 1Q20 836.3 768.0 575.4 530.4 68.8 % 69.1 % 88.0 99.8 222.8 263.4 6,907.2 6,817.9 1,670.2 2,079.9 3.3x 3.2x For more information : Marcello Guidotti Andrea Fernandes Camilo Gomes Thiago Piffer André Redondo +55 ( 11 ) 3787-2683 / 2612 / 2674 / 2681 invest@ecorodovias.com.br www.ecorodovias.com.br/ri Chg . 8.9 % 8.5 % -0.3 p.p. -11.9 % -15.4 % 1.3 % -19.7 % 0.1x