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Fact Sheet 2Q08
Fact Sheet 2Q08
Fact Sheet 2Q08
Fact Sheet 2Q08
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Fact Sheet 2Q08


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  • 1. Corporate Profile CPFL Energia is a holding company that, throught its subsidiaries, After the IPO in September 2004, CPFL Energia became the distributes, commercializes and generates energy in Brazil, first Brazilian private company to simultaneously trade on standing as the largest private group in the Brazilian electric the São Paulo Stock Exchange (Bovespa Novo Mercado) and sector. Its subsidiaries are widely recognized for its excellence on the NYSE as Level III ADR, both requiring the highest and sustainability of their business practices and regarded as levels of Corporate Governance practices. benchmarks in management, quality and operating efficiency. Corporate Structure Free Float 1 28.6% 31.1% 12.7% 27.6% 100% 100% 100% 100% 100% 100% 65% 99.99% 99.95% 25.01% 100% 48.72% 100% 51% 100% 100% 96.56% 100% 90.15% 59.93% 90.15% 89.81% 87.80% 89.75% 1 Including 0.2% from others Note: As of July 31th, 2008
  • 2. Service Territory Declared Dividends1 vs. Annualized Dividend Yield2 Dividends Declared Dividend (R$ million) Dividend Yield CPFL Energia announced dividend based on the 10.9% first half-year of 2008 in the amount of R$ 602 9.6% 9.7% 9.1% 8.7% million, which corresponds to R$ 1.25 per share 6.5% 842 7.6% approximately. This dividend represent 100% 722 719 of CPFL net profit, a measure which surpasses 612 602 3.7% 498 the current dividend policy which stipulates 401 a payout of not less than 50% of net income 140 adjusted half-yearly. The 1H08 dividend yield, calculated from the average price of the period 2H04 1H05 2H05 1H06 2H06 1H07 2H07 1H08 (R$ 36.11) is 7.6%. The Shares will be traded CPFL Price (R$/ON) Average ex-dividend on August 20, 2008. 16.58 18.85 23.33 30.05 28.25 31.74 35.99 36.11 Since the IPO (2H04), CPFL Energia’s dividend yield has already reached 57.0%3 1 Refer to declared dividend:Payment in the next half year | 2Considering last two half-year’s dividends yield | 3IPO price per share: R$ 17.22
  • 3. Fact Sheet 2Q08 | CPFL Energia Value Creation Agenda Goals Strategies Operational Efficiency CPFL Energia’s success is supported by clearly defined Value Synergic Growth business strategies and by management excellence Liquidity Financial Discipline criteria directed to the sustained growth of its Security Sustainability and Corporate Responsibility businesses. Differentiated Corporate Governance Market Total Energy Sales – GWh1 Sales by Customer Class2 – 2Q08 2.7% 11,016 11,313 31.2% Residential 18.1% Commercial 8,687 9,121 6.3% Rural Captive Market 2,329 2,192 Free Market 11.8% Others 2Q07 2Q08 32.5% Industrial 1 Excluding transactions between group’s companies (consolidation accouting criteria), CCEE and generation sales (except to the free market) | 2 Captive Market Financial Performance Net Revenue (R$ million) Ebitda (R$ million) Net Income (R$ million) 3.9% 2,310 -11.8% -11.1% 2,224 814 718 369 329 2Q07 2Q08 2Q07 2Q08 2Q07 2Q08 Adjusted Net Debt / EBITIDA3 (R$ billion) Debt breakdown Net Debt /EBITDA 6.28 Adjusted Net Debt 48.1% CDI 51.4% CDI 4.92 5.40 5.09 4.39 4.42 3.78 3.70 2.85 18.4% IGP 15.3% IGP 2.25 1.74 1.57 1.78 1.53 28.5% TJLP 29.7% TJLP 4.1% Dollar 2.8% Dollar 2002 2003 2004 2005 2006 2007 2Q08 0,9% Others 0,8% Others 3 Last 12 monts EBITDA 2Q07 2Q08
  • 4. Fact Sheet 2Q08 | CPFL Energia Corporate Governance Sustainability and Corporate Responsibility CPFL Energia adopts differentiated practices of Corporate CPFL Energia believes that the pursuit of sustainability is a process Governance, based on the principles of transparency, fair that demands the constant and innovative management of economic, ness, accountability and corporate responsibility. environmental and social impacts together with the maintenance of ethical and transparent relationships with all its stakeholders. Shares are listed on Bovespa’s Novo Mercado and ADS’s The company has a management model structured on a diversity of Level III on the New York Stock Exchange programs classified in the following groups: 100% of Common Shares with 100% of Tag Along Free Float of 27.6% Environmental education for the communities Subsidiary Companies’ Bylaws aligned to CPFL Energia Bylaws Environment Conservation of biodiversity Financial Statements in compliance with US GAAP and BR Conscientious corporate consumption. GAAP standards New Clean Development Mechanism Report in consensus with Global Reporting Initia tive-GRI Technologies and Projects (MDL) Board of Directors consists of seven members, one being Community CPFL Program of Volunteerism independent Municipal Council Support Program for the 3 Board Advisory Committees to the Board of Directors Rights of Children and Adolescents (CMDCA) Board of Directors and Fiscal Council self-evaluation The CPFL Program for the Revitalization of Review of Ethics and Corporate Conduct based on recom Philanthropic Hospitals mendations in the Sarbanes-Oxley Act CPFL complies with section 404 of the Sarbanes-Oxley Act Internal Program of Reflection and Ethical Management Personnel Respect for Diversity Program Value Network Value Chain The Tear Program Knowledge CPFL Culture Management Communications for Sustainability Shares’ Information1 06/30/2008 CPFE3 (R$) CPL (US$) Ownership breakdown Shares Price 36.30 68.36 Maximum – 52 weeks 41.95 76.40 72.4% Controlling block Minimum – 52 weeks 29.75 45.78 27.6% Free-float Market Cap R$ 17.4 Billion US$ 10.9 Billion Market Cap 479,910,938 Exchange Rate 2 R$/US$ 1.59 1 Without income adjustments | 2 Dollar Ptax Investor Relations CPFL Energia – Rodovia Campinas Mogi-Mirim, Km 2,5 | Zip Code 13088.900 | Campinas | SP Phone: 55 19 3756-6083 | Fax.: 55 19 3756-6089 | www.cpfl |