Results presentation 3 q08

160 views

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
160
On SlideShare
0
From Embeds
0
Number of Embeds
4
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Results presentation 3 q08

  1. 1. 111COMPANHIA DE GÁSDE SÃO PAULOFinancial Results- September 2008 -
  2. 2. 222Highlights: September, 2008 Volume sold of 1.3 billion Cu.M. in 3Q08 and 4.0 billion Cu.M. in 9M08, up 1.4% and 7.8% when comparedto 3Q07 and 9M07, respectively; Net Revenue of R$ 1.1 billion in 3Q08 and R$ 2.9 billion at the end of September 2008, an increase of32.0% and 23.5% related to 3Q07 and 9M07, respectively; Net Income of R$ 167.5 million in 3Q08 and R$ 411.2 million in 9M08, 28.4% and 20.1% growth comparedto 3Q08 and 9M07, respectively; EBITDA of R$ 321.8 million in 3Q08 and R$ 809.1 million at the end of September 2008, 23.1% and 17.1%growth compared to 3Q07 and 9M07, respectively. R$ 275.4 million in dividends declared to 2008, related to 2007 results, in which R$ 150 million and R$ 62.7million were paid in Jun/08 and Aug/08 respectively; Over 83.7 thousand residential units added in 12 months, reflecting the focus of the company in theexpansion of residential market; In August the company concluded the emission of a simple debenture, non-convertible into shares, inwhich R$ 100 million will be amortized with larger payments in the years 2012, 2013 and 2014.
  3. 3. 333Comgás: Sales per SegmentIn Thousand Cu.M.* MMm3/day excluding thermal generation3Q08 2Q08 3Q07D3Q08/2Q08D3Q08/3Q079M08 9M07D9M08/9M0738,334 34,041 35,165 12.6% 9.0% Residential 99,946 88,987 12.3%26,087 24,742 26,153 5.4% -0.3% Commercial 74,204 73,116 1.5%1,003,070 1,004,294 1,041,212 -0.1% -3.7% Industrial 2,972,836 2,998,906 -0.9%55,439 72,414 4,054 -23.4% N.A. Thermal generation 261,841 4,995 N.A.75,028 78,547 50,617 -4.5% 48.2% Cogeneration 230,994 150,019 54.0%127,288 138,015 149,169 -7.8% -14.7% NGV 400,369 431,699 -7.3%1,325,246 1,352,053 1,306,370 -2.0% 1.4% 4,040,190 3,747,722 7.8%13.8 14.1 14.2 MMm3/day * 13.8 13.7
  4. 4. 444Comgás: Meters per Segment* UDAs (Householders).sep-08 jun-08 sep-07DSep08/Jun08DSep08/Set07604,430 588,708 546,457 Residential 2.7% 10.6%745,144 723,271 661,433 Number of UDAs * 3.0% 12.7%8,755 8,662 8,514 Commercial 1.1% 2.8%1,011 1,005 981 Industrial 0.6% 3.1%2 2 2 Thermal Generation 0.0% 0.0%19 19 13 Cogeneration 0.0% 46.2%403 396 381 NGV 1.8% 5.8%614,620 598,792 556,348 2.6% 10.5%
  5. 5. 555Volumes per SegmentMM Cu.M.3,748 4,040+ 7.8%
  6. 6. 666Gross Revenue per SegmentR$ thousand+ 22.8%2,988,791 3,669,787
  7. 7. 777Margin per SegmentR$ thousand899,777 1,076,255+ 19.6%
  8. 8. 888Comgás: Financial ResultsR$ thousand3Q08 2Q08 3Q07D3Q08/2Q08D3Q08/3Q07 9M08 9M07D9M08/9M071,130,233 961,275 856,523 17.6% 32.0% Net Sales Revenue 2,934,273 2,375,535 23.5%-727,908 -629,653 -522,870 15.6% 39.2% Cost of Goods Sold and/or Services Rendered -1,894,255 -1,483,264 27.7%402,325 331,622 333,653 21.3% 20.6% Gross Income 1,040,018 892,271 16.6%-115,218 -119,002 -99,400 -3.2% 15.9% Selling, General and Administrative Expenses -330,376 -280,291 17.9%-3,772 -33,158 -27,266 4.9% 27.5% Depreciation and Amortization -99,546 -78,902 26.2%-32,199 -27,562 -33,280 16.8% -3.2% Financial Results -87,285 -95,618 -8.7%254,908 185,058 200,973 37.7% 26.8% Operating Income 622,357 516,362 20.5%-16,816 -15,127 -14,373 11.2% 17.0% Non Operating Result -46,383 -41,178 12.6%167,550 123,800 130,534 35.3% 28.4% Net Income 411,239 342,496 20.1%321,879 245,778 261,519 31.0% 23.1% EBITDA 809,188 690,882 17.1%
  9. 9. 999Comgás: Financial IndicatorsNote:(1) Results achieved during the period were annualized;(2) In relation to Net Income per Thousand Shares, it is worth highlighting that from October 2, 2007, the shares started being traded grouped at the ratio of 100 to 1. Thisgrouping was used to calculate the pro-forma value of the Net Income per Share in the 3Q07 and 9M07;3Q08 2Q08 3Q07 9M08 9M079.7 8.3 8.7 Equity per shares ($) 9.7 8.71.4 1.0 1.1 Earnings per shares ($) 3.4 2.9109.0% 142.3% 109.8% Net Debt/ Equity (%) 107.0% 109.8%0.8 0.7 0.8 Current Ratio (x) 0.8 0.835.6% 34.5% 39.0% Gross Margin (%) 35.4% 37.6%14.8% 12.9% 15.2% Net Margin (%) 14.0% 14.4%28.5% 25.6% 30.5% EBITDA Margin (%) 27.6% 29.1%18.2% 14.2% 16.9% Return on Assets (%) 15.7% 15.3%57.4% 49.5% 50.3% Return on Equity (%) 47.0% 44.0%
  10. 10. 101010R$ MM153(b)100(c)50(a)152(b)178(a)120(b)59.5(b)46(a)59.4(b)49(a)150(b)62.7(b)62.7(b) Dividends declared to bepaid in 21/11Dividends Paid(c) Intermediate dividends over retained earnings(b) Dividends referring to previous year(a) Interpolate dividends over the current year result10% 77%95%26%15%17% 75% PAYOUT
  11. 11. 111111Investiments – 2000 to Sep08Over R$ 2.6 billion invested in the periodNetwork Extension:Sep/07: 5,096 km’sSep/08: 5,590 km’sMain Projects:Campinas ProjectCastelo Branco ProjectSantos/ São Vicente Project2549M07CAPEXR$ MM
  12. 12. 121212Investor RelationsCompanhia de Gás de São Paulo – COMGÁSwww.comgas.com.br/en/investors/Roberto LageCFO and IROPatricia SonageriTreasury and Investor RelationsRenata OlivaInvestor RelationsRua Olimpíadas, nº 205, 10º andar - Vila Olímpia - CEP 04551-000 / São Paulo - SP - Brazil

×