Results presentation 1 q09

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Results presentation 1 q09

  1. 1. 111COMPANHIA DE GÁSDE SÃO PAULOFinancial Results- 1st quarter 2009 -
  2. 2. 222Highlights: 1Q09 Net Revenue of R$ 980 million in 1Q09, growth of 16.2% related to 1Q08; R$ 199,9 million in dividends declared to 2009, related to 2008 results, to be paid in 3 installments during 2009 fiscalyear; Network extension increase d in 452 Km in 12 months, reaching 5.801 Km of extension; Over 89 thousand residential units added (UDAs) in 12 months, reflecting the aim focus of the Company in theexpansion of residential market;
  3. 3. 333Comgás: Sales per SegmentIn thousand Cu.M.* Excluding thermal generation1Q09 4Q08 1Q08 D 1Q09/4Q08 D 1Q09/1Q0829,212 35,999 27,571 Residential -18.9% 6.0%21,806 25,429 23,375 Commercial -14.2% -6.7%702,347 882,194 965,472 Industrial -20.4% -27.3%18,250 71,459 133,988 Thermal generation -74.5% -86.4%58,766 73,408 77,419 Cogeneration -19.9% -24.1%93,866 124,356 135,067 NGV -24.5% -30.5%924,247 1,212,845 1,362,892 -23.8% -32.2%10.2 12.4 13.5 MM Cu.M./day*
  4. 4. 444Comgás: Meters by Segments* UDAs (Householders).Mar/09 Dec/08 Mar/08 D Mar09 / Dec08 D Mar09 / Mar08635,104 620,191 574,435 Residential 2.4% 10.6%789,751 765,103 700,782 Number of UDAs * 3.2% 12.7%8,911 8,885 8,567 Commercial 0.3% 4.0%993 1,004 992 Industrial -1.1% 0.1%2 2 2 Thermal Generation 0.0% 0.0%20 20 16 Cogeneration 0.0% 25.0%392 401 391 NGV -2.2% 0.3%645,422 630,503 584,403 2.4% 10.4%
  5. 5. 55570.8%76.0%2.0%3.2%1.7%2.4%9.9%10.2%5.7%6.4%9.8% 2.0%0%10%20%30%40%50%60%70%80%90%100%1Q08 1Q09Thermal GenerationCogenerationNGVCommercialResidentialIndustrialVolume per SegmentMM Cu.M.1,363 924- 32.2%
  6. 6. 66671.8% 73.5%7.9%8.1%3.7%4.1%8.5%8.6%4.3%5.1%3.8%0.5%0%10%20%30%40%50%60%70%80%90%100%1Q08 1Q09Thermal GenerationCogenerationNGVCommercialResidentialIndustrialGross Revenue per SegmentR$ thousand+ 19.3%1,040,582 1,241,614
  7. 7. 77765.2% 66.3%17.4%20.1%7.0%7.7%5.7%3.7%3.2% 2.1%1.5%0.1%0%10%20%30%40%50%60%70%80%90%100%1Q08 1Q09Thermal GenerationCogenerationNGVCommercialResidentialIndustrialMargin per SegmentR$ thousand315,371 306,022- 3.0%
  8. 8. 888Comgás: Financial ResultsR$ thousand1Q09 4Q08 1Q08 D 1Q09/4Q08 D 1Q09/1Q08979,593 1,054,801 842,765 Net Sales Revenue -7.1% 16.2%-683,959 -728,483 -536,694 Cost of Goods Sold and/or Services Rendered -6.1% 27.4%295,634 326,318 306,071 Gross Income -9.4% -3.4%-112,431 -135,915 -96,155 Selling, General and Administrative Expenses -17.3% 16.9%-38,253 -35,400 -31,616 Depreciation and Amortization 8.1% 21.0%-37,055 -34,874 -27,524 Financial Results 6.3% 34.6%146,148 155,529 182,392 Operating Income -6.0% -19.9%-16,120 -14,902 -14,440 Non Operating Result 8.2% 11.6%95,805 102,806 119,890 Net Income -6.8% -20.1%221,456 225,803 241,532 EBITDA -1.9% -8.3%
  9. 9. 999Comgás: Financial IndicatorsNote:Results achieved during the period were annualized;1T09 4T08 1T08Equity per share ($) 9,2 9,5 7,3Earnings per share ($) 0,8 0,9 1,0Net Debt per Equity (%) 147,1% 126,5% 145,2%Current Ratio(x) 0,7 0,8 0,6Gross Margin (%) 30,2% 30,9% 36,3%Net Margin (%) 9,8% 9,7% 14,2%EBITDA Margin (%) 22,6% 21,4% 28,7%Return on Assets (%) 9,8% 10,2% 14,8%Return on Equity (%) 34,7% 36,2% 54,7%
  10. 10. 101010R$ MillionDividends 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% 53%153(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)PAYOUT100(b)50(b)49,9(b)Declared to bepaid in 30/06Declared to bepaid in 31/08Declared to bepaid in 30/11100(b)50(b)49,9(b)...............
  11. 11. 111111Investments – 2000 to 1Q09Over R$ 2.8 billion invested in the periodNetwork Extension:Mar/08: 5,349 kmMar/09: 5,801 kmMain Projects:Campinas; Butantã; Santos;São Bernardo dos Campos;São José dos Campos;Pirituba; Jabaquara.CAPEXR$ MM1Q08901Q09
  12. 12. 121212Investor RelationsCompanhia de Gás de São Paulo – COMGÁSwww.comgas.com.br/en/investors/Roberto LageCFO and IRORenata OlivaInvestor RelationsRua Olimpíadas, nº 205, 10º andar - Vila Olímpia - CEP 04551-000 / São Paulo - SP - Brazil

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