Arteris is one of the leading Brazilian toll road companies, with nine concessions connecting the South and the Southeast regions of the country. In total, it has more than 3,400 km of highway under management, representing 17% of total Brazilian toll road concessions.
Arteris comprises the following concessions:
• Autovias, Centrovias, Intervias and ViaPaulista (São Paulo state concessionaires), and;
• Fluminense, Litoral Sul, Planalto Sul, Fernão Dias and Régis Bittencourt (federal concessionaires).
Principal financial indicators
Arteris registered toll road revenues of BRL 2.8 billion in 2018 compared with BRL 2.9 billion in 2017. The reduction is largely explained by the national truckers’ strike in May involving a two-week blockade of highways, the waiving of toll collections on raised axles of freightless heavy goods vehicles travelling on the toll roads of state concessionaires and the termination of the Vianorte concession.
Adjusted EBITDA reached BRL 1.7 billion, a reduction of 5% relative to 2017. This item excludes the effect of the highway maintenance provision given that there is no cash impact.
In 2018, Arteris won a new concession for 720 km of highways, which includes 317 km already under company´s management and 403 km of a new stretch, which was under management of the Government of the State of São Paulo. Administered by the ViaPaulista concessionaire, the section crosses 19 municipalities and provides for investments of BRL 5 billion over the 29 years of the concession remaining.
Due to the termination of the Vianorte concession and the truckers’ strike in May, traffic volumes on toll roads managed by Arteris fell 2.9% compared with 2017, registering 651.5 million vehicle equivalents.
In the Serra do Cafezal section of the Régis Bittencourt toll road in São Paulo, traffic numbers increased following the completion of lane duplication work in the region, with 21.5 million vehicle equivalents (an increase of 4.6% compared with 2017). It's worth noting the growth of 9.3% in light vehicle movement, reflecting the greater number of drivers – heading for the São Paulo coastline – who previously had opted for other routes.
In 2018, Arteris invested over BRL 1 billion in projects involving conservation, operation, modernization and expansion of its highway network. Capital expenditures were focused primarily on the following:
This is the largest infrastructure project being executed in the state of Santa Catarina. The Beltway is being built to divert long distance traffic away from the Greater Florianópolis (SC) metro district. The route taken by the new road runs through the municipal districts of Governador Celso Ramos, Biguaçu, São José and Palhoça, a 50.8 km section, and the principal construction work will be undertaken by the Arteris Litoral Sul concessionaire.
Duplication of the BR-101/RJ highway
A key stretch of highway serving the north of the state of Rio de Janeiro and its oil fields as well as giving access to important tourist destinations such the Lake and Mountain regions, and the beaches along the south coast of the state of Espírito Santo.
ViaPaulista preliminary investment plan (PII)
Includes resurfacing work, installation of toll plazas, telecommunication systems and Roadside Users Assistance Points along the length of the highway.