Earnings release
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ecoRODOVIAS Ecorodovias Infraestrutura e Logística S.A. announces its results for the second quarter ( 2Q21 ) and first half of 2021 ( 1H21 ) . Except where stated otherwise , comparisons are with the second quarter of 2020 ( 2Q20 ) and first half of 2020 ( 1H20 ) . Sums may differ due to rounding . OPERATING AND FINANCIAL HIGHLIGHTS ✓ Pro - forma net revenue ¹ of R $ 856.6 million in 2Q21 ( + 32.3 % ) and R $ 1,692.9 million in 1H21 ( + 19.6 % ) . ✓ Pro - forma EBITDA² totaled R $ 570.5 million in 2Q21 ( + 32.6 % ) and R $ 1,145.9 million in 1H21 ( + 19.3 % ) . ✓ Net income of R $ 127.4 million in 2Q21 ( + 260.8 % ) and R $ 215.3 million in 1H21 ( + 59.4 % ) . ✓ Cash balance of R $ 3.4 billion and financial leverage of 2.6x in 2Q21 , compared to 3.3x in 1Q21 . ✓ In April 2021 , the Company , through the consortium Eco 153 ( in which ECS holds 65 % interest and GLP X Participações 35 % ) , won the concession auction to operate the BR - 153 / 414 / 080 / TO / GO highway for 35 years . 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 and the Concession Authority signed Amendment 18/2021 , which established the premises that will govern the extension of the concession agreement from June 2026 to March 2033 , considering ARTESP's traffic projections based on the methodology of marginal cash flows , including the rebuilding of imbalance events and the inclusion of fresh investments required for providing public services , as disclosed in a material fact notice . In May 2021 , Ecovias dos Imigrantes issued debentures worth R $ 600 million for a period of one year at the cost of CDI + 1.05 % p.a. ✓ In May 2021 , Ecosul issued debentures worth R $ 370 million for a period of three years at the cost of CDI + 1.65 % p.a. ✓ In June 2021 , Ecorodovias held a primary and secondary public offering of shares in the amount of R $ 2.0 billion . Net proceeds from the primary offering ( R $ 1.7 billion ) will be allocated to new investments , maintenance and / or expansion of its subsidiaries and to strengthen its cash position . Financial Indicators ( R $ million ) Pro - Forma Net Revenue Pro - forma EBITDA² Pro - forma EBITDA Margin² Net Income Capex Net Debt Available Cash Net Debt / Pro - forma EBITDA³ LTM4 2Q21 Earnings Release 2Q21 Earnings Conference call with webcast on July 30 , 2021 : In Portuguese with simultaneous translation into English : Time : 11 a.m. ( Brasília ) 10 a.m. ( New York ) Chg . 647.3 430.4 32.6 % 1,145.9 66.5 % 0.1 p.p. 67.7 % www 35.3 260.8 % 215.3 326.3 8.0 % 575.0 5,867.1 6,724.7 -12.8 % 5,867.1 6,724.7 113.8 % 3,380.8 -0.7x www.ecorodovias.com.br 2Q21 856.6 570.5 66.6 % 127.4 352.2 3,380.8 2.6x Dial - in : Portuguese : +55 ( 11 ) 3181-8565 English : +1 ( 412 ) 717-9627 ( USA ) Password : Ecorodovias 2Q20 Replay : +55 ( 11 ) 3193-1012 Code - Portuguese : 9801605 # Code - English : 4372901 # 1,581.6 3.3x 1H21 1H20 Chg . 32.3 % 1,692.9 1,415.3 19.6 % 19.3 % 2.6x 960.8 1 ) Excludes Construction Revenue . 2 ) Exclude Construction Revenue and Costs , Provision for Maintenance and Civil Non - Prosecution Agreement ( 2Q20 / 1H20 ) . 3 ) Exclude Construction Revenue and Costs , Provision for Maintenance and Civil Non - Prosecution Agreement ( 2Q20 / 1H20 ) , compensatory fines assumed in the Agreements with Former Executives ( 3Q20 ) , the booking of a liability at Eco101 ( 4Q20 ) , Leniency Agreement and Agreements with Former Executives ( 4Q20 ) and the impairment ( non - cash ) at Ecoporto Santos ( 4Q20 ) . 4 ) LTM = last twelve months For more information : Marcello Guidotti Andrea Fernandes Camilo Gomes 67.9 % -0.2 p.p. 59.4 % -2.5 % -12.8 % 113.8 % -0.7x 135.1 589.7 1,581.6 3.3x Thiago Piffer André Redondo +55 ( 11 ) 3787-2683 / 2612 / 2674 / 2681 invest@ecorodovias.com.br www.ecorodovias.com.br/ri