Results presentation 3 q11

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Results presentation 3 q11

  1. 1. 1Financial ResultsSeptember 2011
  2. 2. 2Highlights792 km network built since the beginning of the year;More than 118,000 UDAs connected in 12 months;Volume of gas in the residential segment was 12.3% higher than 9M10;9.8% increase in the number of meters compared to 9M10;Disbursement of $ 365 million for investment in expansion; andApproval of R$ 417.8 million as shareholder remuneration.
  3. 3. 3Volume per Segment3Q11 2Q11 3Q10∆3Q11/2Q11∆3Q11/3Q109M11 9M10∆9M11/9M1053,289 48,400 46,958 10.10% 13.48% RESIDENTIAL 134,629 119,893 12.29%28,822 27,008 26,396 6.72% 9.19% COMMERCIAL 80,279 74,490 7.77%991,916 983,661 946,873 0.84% 4.76% INDUSTRIAL 2,918,080 2,780,285 4.96%762 6,326 117,238 -87.95% -99.35% THERMAL GENERATION 45,405 168,723 -73.09%83,530 82,779 91,217 0.91% -8.43% COGENERATION 258,201 238,711 8.16%73,313 75,124 76,593 -2.41% -4.28% NGV 215,079 240,622 -10.62%1,231,632 1,223,298 1,305,275 0.68% -5.64% 3,651,673 3,622,724 0.80%13.4 13.4 12.9 0.04% 3.61% Mi m³/day* 13.2 12.7 4.41%In thousand M3
  4. 4. 4Meters per Segment* UDAs (Householders)Sep/11 Jun/11 Sep/10∆Sep11/Jun11∆Sep11/Sep10808,314 790,047 735,967 RESIDENTIAL 2.31% 9.83%1,063,364 1,031,610 945,327 UDAs* 3.08% 12.49%10,206 10,014 9,568 COMMERCIAL 1.92% 6.67%1,002 998 974 INDUSTRIAL 0.40% 2.87%2 2 2 THERMAL GENERATION 0.00% 0.00%23 24 20 COGENERATION -4.17% 15.00%360 363 373 NGV -0.83% -3.49%819,907 801,448 746,904 2.30% 9.77%
  5. 5. 5Volume x Margin20109M11
  6. 6. 3,623 3,6521,6762,2432,9523,4183,8124,3424,7615,069 5,2534,2614,9102000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011Volume6Key Financial Figures – Millions of m³9M
  7. 7. 107177347 3305496688609251,0358389347276001,3631,1889138352000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 9M10 9M11EBITDA7Key Financial Figures – BRL millionConsiders impact of IFRS adoption
  8. 8. 45 64108 103242319427 4435143684133332016905804533522000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 9M10 9M11Net Income8Considers impact of IFRS adoptionKey Financial Figures – BRL million
  9. 9. Fornecimento de Gás Natural: CONTRATOSNatural Gas SupplyFirm GSA: Comgás buys natural gas from Petrobras and distributes to existing markets receiving its distribution margin. the Natural Gascouldn’t be interrupted;Firm Flexible Agreement: under this type of agreement, Petrobras supplies natural gas or indemnifies clients for the additional costsincurred due to the consumption of an alternative fuel. Gas supply may be interrupted at the discretion of Petrobras, but with no risk ofsupply cuts for Comgás consumers. Petrobras will also bear the cost of the financial impacts incurred by Comgás and the clients inquestion;
  10. 10. 10Financial ResultsIn BRL thousand1,097,862 1,011,469 1,084,078 8.54% 1.27% 3,034,676 3,045,127 -0.34%-814,483 -705,066 -642,142 15.52% 26.84% -2,163,474 -1,898,412 13.96%283,379 306,403 441,936 -7.51% -35.88% 871,202 1,146,715 -24.03%-96,867 -85,203 -85,822 13.69% 12.87% -270,494 -229,056 18.09%219 -122 -4,969 N.A. N.A. -519 -4,963 N.A.186,731 221,078 351,145 -15.54% -46.82% 600,189 912,696 -34.24%-60,860 -58,756 -52,392 3.58% 16.16% -177,158 -155,726 13.76%-66,174 -42,875 -37,032 54.34% 78.69% -140,726 -100,690 39.76%59,697 119,447 261,721 -50.02% -77.19% 282,305 656,280 -56.98%40,397 92,344 188,335 -56.25% -78.55% 200,984 452,658 -55.60%According to the last accounting legislation (unaudited figures)122,469 69,910 102,147 75.18% 19.89% 224,820 186,797 20.36%311,432 294,184 250,997 5.86% 24.08% 835,311 726,548 14.97%122,166 139,614 121,536 -12.50% 0.52% 352,183 332,511 5.92%3Q11 2Q11 3Q10D3Q11/2Q11D3Q11/3Q109M11 9M10D9M11/9M10Net Sales RevenueCost of Goods Sold and/ or Services RenderedGROSS RESULTSelling General and Adm. ExpensesOther Operating ResultEBTIDAEBITDADepreciation and AmortizationFinancial ResultsNET INCOMEOPERATING RESULTNET INCOMECurrent Account
  11. 11. 3Q11 2Q11 3Q10 9M11 9M1010.4 10.0 11.7 Equity per Share ($) 10.4 11.70.3 0.8 1.6 Earnings per Share ($) 1.7 3.81.4 1.2 1.0 Net Debt per Equity (x) 1.4 1.02.3 1.7 1.0 Net Debt per EBITDA (x) 1.9 1.10.7 0.6 0.8 Current Ratio (x) 0.7 0.825.8% 30.3% 40.8% Gross Margin (%) 28.7% 37.7%3.7% 9.1% 17.4% Net Margin (%) 6.6% 14.9%17.0% 21.9% 32.4% EBITDA Margin (%) 19.8% 30.0%3.8% 9.4% 19.2% Return on Assets (%) 6.3% 15.4%13.0% 30.7% 53.8% Return on Equity (%) 21.6% 43.1%According to the last accountability legislation (unauditaed figures)40.3% 40.7% 33.6% Gross Margin (%) 39.5% 33.5%12.1% 15.0% 12.0% Net Margin (%) 12.6% 11.6%30.7% 31.5% 24.7% EBITDA Margin (%) 29.8% 25.3%11Financial Indicators
  12. 12. 1,533In BRL MillionTotalIndebtednessEstrutura de EndividamentoAgingIndebtedness CompositionIn BRL millionIndebtedness Structure1,864
  13. 13. D = 111Evolução do Saldo do Conta CorrenteD = 102D = 73D = 61D = 204D = 17InR$MillonsD = 123D = 68Regulatory Current Account Balance EvolutionD = 32D = 70Balance of Gas bill receivables: Cash EffectD = 123
  14. 14. InvestimentosIn R$ millionsMain Projects:Network Extension (in thousands):Dec /10: 6,900 KmSep/11: 7,692 KmD: 792 KmNew Projects:InvestmentsOver R$ 3.9 billion invested in the period*Note: From 2009 amounts accounted on IFRSTaubatéCampinasSão Bernardo do CampoGuarulhosSantosMogi das CruzesJundiaíSanto AndréPiracicabaHortolândia9M7.7
  15. 15. 11 1627 25303330 334275 268427 4182001 2002 2003 2004 2005 2006 2007 2008 2009 2010 201117% 15%26%10%95%77% 75%53%73%104%15Shareholders Remuneration – In BRL MillionsPAY OUT BRGAAPPAY OUT IFRS74%
  16. 16. 16Stock DataBRL Volume tradedComgás ON-16.01%Comgás PNA-15.04%-24.50%Ibovespa
  17. 17. 17The forward-looking statements in this report related tothe outlook for the business, estimated financial andoperating results and growth prospects of COMGAS aremerely projections and, as such, are based exclusivelyon management expectations regarding futureperformance. These expectations depend substantiallyon market conditions and the performance of theBrazilian economy, the business sector and theinternational markets, and are therefore subject tochange without prior notice.
  18. 18. Investor Relationsinvestidores@comgas.com.brwww.comgas.com.br/en/investorsROBERTO LAGECFO andIROPAULO POLEZITreasury andInvestor RelationsRENATA OLIVAInvestor RelationsRua Olimpíadas nº 205 10º floor – Vila Olímpia – CEP 04551-000 / São Paulo – SP -Brazil

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