By Brazil Stock Guide- Motiva (CCR3.SA), formerly CCR, said it plans to invest more than R$1 billion ($182 million) in technology initiatives aimed at boosting operational efficiency and advancing its energy transition strategy. The announcement was made by Chief Executive Officer Miguel Setas during the company’s annual Capital Markets Day on Thursday.
Setas said the investments will be spread through 2035 and focus on six areas: artificial intelligence and generative AI, big data and analytics, sensors and IoT, robotics and automation, energy transition and new materials, as reported by Valor Econômico. “We want to make a transition to what we call ‘smart infrastructure.’ We will see clear examples today: smart roads and smart rails,” he told analysts and investors.
The company expects the impact of these technologies to accelerate in the next decade. “Our estimate is to invest more than R$1 billion ($182 million) by 2035. This represents, on average, 0.5% of net revenue,” Setas said. “Innovation means risk, it means getting some things right and some wrong. That’s why we expect most results to be backloaded, concentrated between 2030 and 2035.”
Motiva also updated its efficiency targets. The ratio of operating expenses to net revenue, which stood at 41.2% in 2024, dropped to 38% in the first half of 2025. The company now projects this figure below 30% by 2030 and under 28% by 2035, compared with the previous goal of less than 35%.
Chief Financial Officer Waldo Perez highlighted the early impact. “When we compare the first half of 2025 with the first half of 2024, we see cash costs reduced by 1%, or R$43 million ($7.8 million). It may look small, but in real terms we had a R$200 million ($36.4 million) reduction in this period,” Perez said.
The group revised its project pipeline to R$160 billion ($29.1 billion) from R$190 billion ($34.5 billion). Of this, R$100 billion ($18.2 billion) are slated for highways and R$60 billion ($10.9 billion) for railways. “We want premium assets, like Sorocabana, PR Vias, MS Via — assets in strategic geographies,” Setas said, adding that São Paulo, Rio de Janeiro and Salvador remain priorities for expansion.
In the airport business, the company aims to simplify its portfolio through the sale of 20 terminals. The process, already underway, is expected to unlock value and streamline operations.
Motiva reaffirmed its targets for adjusted Ebitda CAGR of 8% to 10% between 2025 and 2035, and capital recycling between R$5 billion ($909 million) and R$10 billion ($1.8 billion) through 2035. recycling between R$5 billion and R$10 billion through 2035.