Fact Sheet 3Q08 | CPFL EnergiaCorporate Governance                                                                Sustaina...
Service Territory                                                                                                         ...
Service Territory                                                                                                         ...
Fact Sheet 3Q08 | CPFL EnergiaCorporate Governance                                                                Sustaina...
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Fact Sheet 3Q08

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Fact Sheet 3Q08

  1. 1. Fact Sheet 3Q08 | CPFL EnergiaCorporate Governance Sustainability and Corporate ResponsibilityCPFL Energia adopts differentiated practices of Corporate CPFL Energia believes that the pursuit of sustainability is a processGovernance, 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 Corporate Profile Subsidiary Companies’ Bylaws aligned to CPFL Energia Bylaws Environment Conservation of biodiversity CPFL Energia is a holding company that, through its subsidiaries, After the IPO in September 2004, CPFL Energia became the first Financial Statements in compliance with US GAAP and BR Conscientious corporate consumption. distributes, commercializes and generates energy in Brazil, private Brazilian company to simultaneously trade on the São Paulo GAAP standards New Clean Development Mechanism standing as the largest private group in the Brazilian their electric Stock Exchange (Bovespa Novo Mercado) and on the NYSE as Level Report in consensus with Global Reporting Initia tive-GRI Technologies and Projects (MDL) sector. Its subsidiaries are widely recognized for its excellence and III ADR, both requiring the highest levels of Corporate Governance Board of Directors consists of seven members, one being Community CPFL Program of Volunteerism the sustainability of their business practices and are regarded as practices. independent Municipal Council Support Program for the benchmarks in management, quality and operating efficiency. 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 Corporate Structure mendations in the Sarbanes-Oxley Act CPFL complies with section 404 of the Sarbanes-Oxley Act Internal Program of Reflection and Ethical Management Free Float Personnel Respect for Diversity Program 1 28.6% 31.1% 12.7% 27.6% Value Network Value Chain The Tear Program Knowledge CPFL Culture Management Communications for Sustainability 100% 100% 100%Shares’ Information 1 100%09/30/2008 100% CPFE3 (R$) CPL (US$) Ownership breakdown 100% Shares Price 35.50 55.86 65% Maximum – 52 weeks 39.41 60.56 72.4% Controlling block 99.99% 99.95% 25.01% Minimum – 52 weeks 28.41 46.23 27.6% Free-float 100% 48.72% Market Cap R$ 17.0 Billion 100% US$ 8.9 Billion 51% 100% Market Cap 479,910,938 Exchange Rate 2 R$/US$ 1.91 100% 96.56% 100% 90.15%1 Without income adjustments | 2 Dollar Ptax 59.93% 90.15% 89.81% 87.80%Investor Relations 89.75%CPFL Energia – Rodovia Campinas Mogi-Mirim, Km 2,5 | Zip Code 13088.900 | Campinas | SPPhone: 55 19 3756-6083 | Fax.: 55 19 3756-6089 | www.cpfl .com.br/ir | ri@cpfl.com.br 1 Including 0,2% from others
  2. 2. Service Territory Fact Sheet 3Q08 | 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 – 3Q08 4.1% 11,211 11,666 31.1% Residential 17.5% Commercial 8,751 9,373 6.5% Rural Captive Market 2,460 2,293 Free Market 12.1% Others 3Q07 3Q08 32.8% 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) -0.6% 2,404 -15.4% -21.0% 880 428 2,389 745 339Dividends Declared Dividends1 vs. Annualized Dividend Yield2 3Q07 3Q08 3Q07 3Q08 3Q07 3Q08 Declared Dividend (R$ million) Dividend YieldCPFL 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% Adjusted Net Debt / EBITIDA3 (R$ billion) Debt breakdown4 - September 2008approximately. This dividend represent 100% 722 719of CPFL net profit, a measure which surpasses 612 602 Net Debt /EBITDA 3.7% 498the current dividend policy which stipulates 401 Adjusted Net Debt 50.6% CDI 52.5% CDIa payout of not less than 50% of net income 140 5.09 5.64 4.39 4.42adjusted half-yearly. The 1H08 dividend yield, 3.78 3.70calculated from the average price of the period 2.85 28.1% TJLP 30.9% TJLP 1H06 2.25 2H04 1H05 2H05 2H06 1H07 2H07 1H08(R$ 36.11) is 7.6%. The Shares were traded ex- 1.74 1.57 1.95 CPFL Price (R$/ON) 1.53 Averagedividend on August 20, 2008, and was effected 16.58 18.85 23.33 30.05 28.25 31.74 35.99 36.11 16.8% IGP 13.7% IGPin October 9, 2008. 3.7% Dollar 1.9% Dollar 5 Since the IPO (2H04), CPFL Energia’s dividend yield has already reached 57.0%3 2003 2004 2005 2006 2007 3Q08 1 Refer to declared dividend:Payment in the next half year | 2Considering last two half-year’s dividends yield | 3IPO price per share: R$ 17.22 3Q07 3Q08 3 Last 12 monts EBITDA | 4 Indexation after hedge | 5 Natural hedge (rerevenue with foreign exchange component)
  3. 3. Service Territory Fact Sheet 3Q08 | 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 – 3Q08 4.1% 11,211 11,666 31.1% Residential 17.5% Commercial 8,751 9,373 6.5% Rural Captive Market 2,460 2,293 Free Market 12.1% Others 3Q07 3Q08 32.8% 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) -0.6% 2,404 -15.4% -21.0% 880 428 2,389 745 339Dividends Declared Dividends1 vs. Annualized Dividend Yield2 3Q07 3Q08 3Q07 3Q08 3Q07 3Q08 Declared Dividend (R$ million) Dividend YieldCPFL 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% Adjusted Net Debt / EBITIDA3 (R$ billion) Debt breakdown4 - September 2008approximately. This dividend represent 100% 722 719of CPFL net profit, a measure which surpasses 612 602 Net Debt /EBITDA 3.7% 498the current dividend policy which stipulates 401 Adjusted Net Debt 50.6% CDI 52.5% CDIa payout of not less than 50% of net income 140 5.09 5.64 4.39 4.42adjusted half-yearly. The 1H08 dividend yield, 3.78 3.70calculated from the average price of the period 2.85 28.1% TJLP 30.9% TJLP 1H06 2.25 2H04 1H05 2H05 2H06 1H07 2H07 1H08(R$ 36.11) is 7.6%. The Shares were traded ex- 1.74 1.57 1.95 CPFL Price (R$/ON) 1.53 Averagedividend on August 20, 2008, and was effected 16.58 18.85 23.33 30.05 28.25 31.74 35.99 36.11 16.8% IGP 13.7% IGPin October 9, 2008. 3.7% Dollar 1.9% Dollar 5 Since the IPO (2H04), CPFL Energia’s dividend yield has already reached 57.0%3 2003 2004 2005 2006 2007 3Q08 1 Refer to declared dividend:Payment in the next half year | 2Considering last two half-year’s dividends yield | 3IPO price per share: R$ 17.22 3Q07 3Q08 3 Last 12 monts EBITDA | 4 Indexation after hedge | 5 Natural hedge (rerevenue with foreign exchange component)
  4. 4. Fact Sheet 3Q08 | CPFL EnergiaCorporate Governance Sustainability and Corporate ResponsibilityCPFL Energia adopts differentiated practices of Corporate CPFL Energia believes that the pursuit of sustainability is a processGovernance, 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 Corporate Profile Subsidiary Companies’ Bylaws aligned to CPFL Energia Bylaws Environment Conservation of biodiversity CPFL Energia is a holding company that, through its subsidiaries, After the IPO in September 2004, CPFL Energia became the first Financial Statements in compliance with US GAAP and BR Conscientious corporate consumption. distributes, commercializes and generates energy in Brazil, private Brazilian company to simultaneously trade on the São Paulo GAAP standards New Clean Development Mechanism standing as the largest private group in the Brazilian their electric Stock Exchange (Bovespa Novo Mercado) and on the NYSE as Level Report in consensus with Global Reporting Initia tive-GRI Technologies and Projects (MDL) sector. Its subsidiaries are widely recognized for its excellence and III ADR, both requiring the highest levels of Corporate Governance Board of Directors consists of seven members, one being Community CPFL Program of Volunteerism the sustainability of their business practices and are regarded as practices. independent Municipal Council Support Program for the benchmarks in management, quality and operating efficiency. 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 Corporate Structure mendations in the Sarbanes-Oxley Act CPFL complies with section 404 of the Sarbanes-Oxley Act Internal Program of Reflection and Ethical Management Free Float Personnel Respect for Diversity Program 1 28.6% 31.1% 12.7% 27.6% Value Network Value Chain The Tear Program Knowledge CPFL Culture Management Communications for Sustainability 100% 100% 100%Shares’ Information 1 100%09/30/2008 100% CPFE3 (R$) CPL (US$) Ownership breakdown 100% Shares Price 35.50 55.86 65% Maximum – 52 weeks 39.41 60.56 72.4% Controlling block 99.99% 99.95% 25.01% Minimum – 52 weeks 28.41 46.23 27.6% Free-float 100% 48.72% Market Cap R$ 17.0 Billion 100% US$ 8.9 Billion 51% 100% Market Cap 479,910,938 Exchange Rate 2 R$/US$ 1.91 100% 96.56% 100% 90.15%1 Without income adjustments | 2 Dollar Ptax 59.93% 90.15% 89.81% 87.80%Investor Relations 89.75%CPFL Energia – Rodovia Campinas Mogi-Mirim, Km 2,5 | Zip Code 13088.900 | Campinas | SPPhone: 55 19 3756-6083 | Fax.: 55 19 3756-6089 | www.cpfl .com.br/ir | ri@cpfl.com.br 1 Including 0,2% from others

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