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  • 1. 3Q09 ResultsPresentation São Paulo, November 16th 2009 © Todos os direitos reservados para CTEEP
  • 2. Agenda Company Update 3Q09 Results Capital Market Performance Capitalization of Goodwill3Q09 Results Presentation © Todos os direitos reservados para CTEEP 2
  • 3. Company Update Leading private sector energy transmission concessionaire in Brazil. Responsible for transmission of 30% of electricity produced in the country and 60% of consumption in the Southeast. First São Paulo electricity energy company to sign up to Bovespa’s Level 1 Corporate Governance. Footprint in 12 states.3Q09 Results Presentation © Todos os direitos reservados para CTEEP 3
  • 4. CTEEP and its Shareholder’s BreakdownCommon Shares - TRPL3 Preferred Shares - TRPL4(42% of the total) (58% of the total) 0,75% 35,58% 9,85% ISA Capital do Brasil 53,74% Eletrobrás Eletrobrás Others Finance Secretary 89,40% Others 10,68% Total Capital Stock 27,17% 37,50% ISA Capital do Brasil Eletrobrás Others 35,33%3Q09 Results Presentation © Todos os direitos reservados para CTEEP 4
  • 5. Agenda Company Update 3Q09 Results Capital Market Performance Capitalization of Goodwill3Q09 Results Presentation © Todos os direitos reservados para CTEEP 5
  • 6. Net Revenue Revenue linked to uptime of the Company’s assets (R$ million) -1.9% +6.6% 448,7 440,4 413,1 3Q08 2Q09 3Q093Q09 Results Presentation © Todos os direitos reservados para CTEEP 6
  • 7. Cost of Operating Expenses Main changes: The increase in payroll expenses in 3Q09 against the same period in 2008 is due to the annual wage bargaining agreement of 6.2% in August 2009; The increase in outsourced services for employee training and development, and the cost of sterilizing working environments; In 3Q09, expenses relating to allowances for contingencies fell by 24.7% as compared with 3Q08, principally due to the reduction in volume of new processes. Cost of Services and General and Administrative Expenses Change % Change % (R$ 000) 3Q09 2Q09 3Q08 2Q09/3Q09 3Q08/3Q09 Personnel (28,686) (28,373) (27,469) 1.1% 4.4% Material (5,654) 108 (2,144) N/A 163.7% Services (23,013) (22,792) (18,775) 1.0% 22.6% Depreciation (47,192) (47,012) (45,481) 0.4% 3.8% Contingencies (17,248) (2,390) (22,902) 621.7% -24.7% Other (7,033) (6,762) (7,854) 4.0% -10.5% Total (128,826) (107,221) (124,625) 20.1% 3.4%3Q09 Results Presentation © Todos os direitos reservados para CTEEP 7
  • 8. EBITDA Strong Cash Generation (R$ million) 85,4% 85,0% 82,4% 650,0 81,5% -2.9% 80,0% +1.7% 369,2 352,9 358,8 75,0% 300,0 70,0% (50,0) 65,0% 3Q08 2Q09 3Q09 Ebitda Ebitda Margim3Q09 Results Presentation © Todos os direitos reservados para CTEEP 8
  • 9. Financial Results The principal factor impacting this item was the growth in charges on debt, most notably on commercial papers notes settled in 2Q09; Excluding interest on shareholders’ equity from financial expenses, the financial result would have reported an expense of R$ 17.6 million in the quarter. Change % Change % Financial Income (R$ 000) 3Q09 2Q09 3Q08 1Q09/2Q09 2Q08/2Q09 Income from financial investments 3,541 4,383 4,951 -19.2% -28.5% Interest on assets 888 943 997 -5.8% -10.9% Net monetary variations 2,009 3,377 1,097 -40.5% 83.1% Other 231 200 189 15.5% 22.2% Total Financial Income 6,669 8,903 7,234 -25.1% -7.8% Change % Change % Financial Expenses (R$ 000) 3Q09 2Q09 3Q08 1Q09/2Q09 2Q08/2Q09 Interest on own capital (62,055) (63,938) (60,388) -2.9% 2.8% Interest on liabilities (14,367) (15,944) (17,873) -9.9% -19.6% Charges on promissory notes 0 - 0 - - Other (1,033) (889) (542) 16.2% 90.6% Total Financial Expenses (86,335) (90,050) (78,803) -4.1% 9.6% Financial result, net (R$ 000) (79,666) (81,147) (71,569) -1.8% 11.3%3Q09 Results Presentation © Todos os direitos reservados para CTEEP 9
  • 10. Net Income (R$ million) -5.4% -0.4% 300,0 231,1 219,7 218,7 (50,0) 3Q08 2Q09 3Q09 Earnings per share of R$ 1.45 in the second quarter of 2009.3Q09 Results Presentation © Todos os direitos reservados para CTEEP 10
  • 11. Breakdown of Debt in 3Q09 Optimization of Capital Structure TJLP 55.52% CDI 44.20% Others 0.29% Funding Charges Maturity 3Q09 2Q09 BNDES CTEEP TJLP + 2.3% ano 6/15/2015 537,325 560,628 IEMG TJLP + 2.3% ano 6/15/2023 41,434 42,197 Commercial Papers sd 2 Issue 119.5% do CDI 4/19/2010 208,322 202,622 th 3 Issue 106.5% do CDI 1/13/2010 202,960 - 123% do CDI 7/17/2009 - 20,084 113% do CDI 7/30/2009 - 20,008 Banks 2.5% do CDI 2/14/2010 37,720 - 3% do CDI 4/15/2010 11,752 - Eletrobrás 8% ao ano 11/15/2021 503 516 Leasing - 2,332 2,373 Total 1,042,348 848,4283Q09 Results Presentation © Todos os direitos reservados para CTEEP 11
  • 12. Company Update 3Q09 Results Capital Market Performance Capitalization of Goodwill3Q09 Results Presentation © Todos os direitos reservados para CTEEP 12
  • 13. Capital Market PerformanceTrading Financial - 3Q09(R$ million) Total R$ 521.59 million Daily Avarege: R$ 8.15 million 20.00 18.00 16.00 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 Jul-09 Aug-09 Sep-09 44.8 thousand trading transactions in EVOLUTION - 9M09 IBOV x IEE x TRPL4 x TRPL3 3Q09 (701 daily average traded). Growth of 84.6% compared with 3Q08; 63,83% Present on all trade days; 46,03% 27.17% Free-float ; 18,45% 15,36% Component of Ibovespa; R$ 7.6 billion market capitalization. TRPL3 TRPL4 IEE IBOV3Q09 Results Presentation © Todos os direitos reservados para CTEEP 13
  • 14. 3Q09 Shareholder Remuneration Date of Date Type Ex-date Fiscal Year Amount (R$) Per Share Payment 3/31/2009 Juros 4/14/2009 2009 63,235,647.08 0.423590 4/24/2009 6/19/2009 Juros 6/23/2009 2009 63,938,332.64 0.428297 7/1/2009 6/30/2009 Dividendos 7/7/2009 2009 60,842,175.35 0.407557 7/21/2009 9/30/2009 Juros 10/7/2009 2009 62,055,436.65 0.411900 10/21/2009 9/30/2009 Dividendos 10/7/2009 2009 103,444,563.35 0.686625 10/21/2009 TOTAL OF PAYMENT - 2009 R$ 353,516,155.07 R$ 2.35797 In 3Q09, the Company authorized the payout of R$ 62.0 million in interest on shareholders’ equity corresponding to R$ 0.411900 per shares and R$ 103.4 million in dividends, equivalent to R$ 0.688825 per share.3Q09 Results Presentation © Todos os direitos reservados para CTEEP 14
  • 15. 3Q09 Investor Relations Events The Abrasca Award for the Creation of Shareholder Value – Sectoral Highlight in the Electric Energy Segment: CTEEP received the award on October 28 2010 in recognition of creation of shareholder value; Holding of the 1st Analysts Meeting at the Company’s head office providing the opportunity for CTEEP to discuss the details of ANEEL’s recently published Ratifying Resolution 843 setting the RAP for the 2009/2010 cycle; 1 non-deal national roadshow (São Paulo); 35 meetings held at the Company’s head office and more than 250 responses by e-mail and telephone during the quarter; At the end of 3QO9, 9 institutions were providing Company coverage – an increase of 80% over the past twelve months.3Q09 Results Presentation © Todos os direitos reservados para CTEEP 15
  • 16. Agenda Company Update 3Q09 Results Capital Market Performance Capitalization of Goodwill3Q09 Results Presentation © Todos os direitos reservados para CTEEP 16
  • 17. Capitalization of Goodwill The Extraordinary General Meeting of June 16 approved the increase in the capital stock of up to R$ 70.5 million with the following characteristics: R$ 26.4 million in favor of the controlling shareholder, ISA Capital do Brasil, paid from the special reserve for goodwill as registered in CTEEP’s shareholders’ equity; The right to subscribe up to R$ 44.1 million was granted to the other shareholders in such a way as not to dilute their stakes in the Company’s capital stock; The average price established at R$ 45.97 per share for both classes of share considering the average trading price for preferred shares in the two months prior to the last trading day before the EGM; The maximum quantity of new shares to be issued is 1,534,717, which would represent an increase in capital stock of 1.03% in the number of shares; and The subscription period was from June 17 2009 to July 17 2009. Following the termination of the subscription period on July 17 the total amount subscribed was R$ 63,049,004.25, corresponding to 89.4% of the total capital increase proposed.3Q09 Results Presentation © Todos os direitos reservados para CTEEP 17
  • 18. Disclaimer All statements contained herein with regard to the Company’s business prospects, projected results and the potential growth of its business aremere forecasts, based on local management expectationsin relation to the Company’s future performance. Dependent as they are on market shifts and on the overall performance of the Brazilian economy and the sector and international markets, such estimates are subject to changes.3Q09 Results Presentation © Todos os direitos reservados para CTEEP 18
  • 19. Investor Relations Phone: +55 11 3138-7557 email: ri@cteep.com.br www.cteep.com.br/ir3Q09 Results Presentation © Todos os direitos reservados para CTEEP 19