Energias do Brasil reported strong financial results for 2005, with revenues increasing 17% and EBITDA increasing 18%. The company invested over R$1 billion in its distribution and generation businesses. Looking ahead, Energias do Brasil will focus on operational efficiency, debt maturity extension, and leveraging its management skills to support growth opportunities in generation. The company's share price increased over 20% since its IPO in July 2005.
public serviceenterprise group LEHMAN9-6-06finance20
The document provides an agenda for a presentation by Exelon Corporation and Public Service Enterprise Group at the Lehman Brothers 2006 CEO Energy/Power Conference. It includes forward-looking statements and discusses PSEG's financial overview and year-to-date results, PSEG Power's nuclear and fossil operations and margin growth, and the PJM pricing environment.
public serviceenterprise group 10/08/04-1-33finance20
The document provides an agenda and materials for a strategic presentation by PSEG to the financial community on October 8, 2004. The agenda covers PSEG's strategic overview, its subsidiaries PSE&G, PSEG Power, PSEG Energy Holdings, and financial review. Key points include PSEG's 2004 guidance of $750-800 million in earnings and 13-14% ROE. It also discusses competitive pressures from higher fuel prices and lower BGS auction margins, as well as PSE&G and PSEG Power's strategic focus on safety, reliability and low costs.
Hexion Chemicals held a conference on March 25, 2008 to discuss its financial results and outlook. The presentation contained forward-looking statements and non-GAAP financial measures with reconciliations provided. Hexion achieved strong revenue and earnings growth in 2007 driven by diversification across segments, geographies, and end markets. Management expects volatility in raw material costs to continue into 2008 and remains focused on productivity initiatives, synergies, and strategic acquisitions to fuel further growth.
This document provides a summary of Procter & Gamble's (P&G's) 2003 annual report. It discusses P&G's strong financial performance in fiscal year 2003, with 8% sales growth, 19% earnings growth, and market share gains across most major brands. It highlights the completion of P&G's restructuring program ahead of schedule. The summary also outlines P&G's strategic focus on growing existing core businesses, leading customers, large countries, and health/beauty categories. It emphasizes P&G's continued focus on productivity, cost reduction, cash management, and leveraging its strengths in branding, innovation, and global scale.
The document summarizes CenterPoint Energy's annual report for shareholders. It discusses the company's solid financial performance in 2007, with operating income growing 13.5% and dividends increasing 13%. It highlights achievements and growth across the company's various energy delivery businesses, including natural gas distribution, interstate pipelines, and field services. It also covers the company's focus on meeting future energy needs through investments in infrastructure, energy efficiency, and renewable energy while creating long-term shareholder value.
GasLog Ltd. reported financial results for the fourth quarter and full year of 2012. For Q4, revenue was $18.3 million with a profit of $2.7 million. For the full year, revenue totaled $68.5 million with a profit of $4.2 million. Additionally, GasLog took delivery of a new LNG carrier ahead of schedule and contracted for two new LNG vessels to be delivered in 2016 with 10-year charters.
The 2004 Burlington Resources annual report discusses the company's strong financial and operational performance in 2004 and outlook for 2005. Some key points:
- Burlington reported record financial results in 2004, including $1.527 billion in net income and a 12% increase in production to 2,817 MMCFE/day.
- The company replaced 125% of its 2004 production at a low finding cost of $1.27/MCFE and increased total reserves to 12.0 TCFE.
- Burlington expects to continue growing production 3-8% annually in 2005 through investment in its core asset base focused on North America.
- Challenges include continually upgrading the drilling inventory
Stryker Corporation is a global leader in orthopaedics and other medical specialties. The 2004 annual report discusses Stryker's financial results and divisions. It achieved $4.26 billion in net sales in 2004, an 18% increase over 2003. The report highlights Stryker's orthopaedic implants, medical equipment, rehabilitation services, and international operations divisions. Stryker partners with medical professionals around the world to develop innovative solutions and help people lead more active lives.
public serviceenterprise group LEHMAN9-6-06finance20
The document provides an agenda for a presentation by Exelon Corporation and Public Service Enterprise Group at the Lehman Brothers 2006 CEO Energy/Power Conference. It includes forward-looking statements and discusses PSEG's financial overview and year-to-date results, PSEG Power's nuclear and fossil operations and margin growth, and the PJM pricing environment.
public serviceenterprise group 10/08/04-1-33finance20
The document provides an agenda and materials for a strategic presentation by PSEG to the financial community on October 8, 2004. The agenda covers PSEG's strategic overview, its subsidiaries PSE&G, PSEG Power, PSEG Energy Holdings, and financial review. Key points include PSEG's 2004 guidance of $750-800 million in earnings and 13-14% ROE. It also discusses competitive pressures from higher fuel prices and lower BGS auction margins, as well as PSE&G and PSEG Power's strategic focus on safety, reliability and low costs.
Hexion Chemicals held a conference on March 25, 2008 to discuss its financial results and outlook. The presentation contained forward-looking statements and non-GAAP financial measures with reconciliations provided. Hexion achieved strong revenue and earnings growth in 2007 driven by diversification across segments, geographies, and end markets. Management expects volatility in raw material costs to continue into 2008 and remains focused on productivity initiatives, synergies, and strategic acquisitions to fuel further growth.
This document provides a summary of Procter & Gamble's (P&G's) 2003 annual report. It discusses P&G's strong financial performance in fiscal year 2003, with 8% sales growth, 19% earnings growth, and market share gains across most major brands. It highlights the completion of P&G's restructuring program ahead of schedule. The summary also outlines P&G's strategic focus on growing existing core businesses, leading customers, large countries, and health/beauty categories. It emphasizes P&G's continued focus on productivity, cost reduction, cash management, and leveraging its strengths in branding, innovation, and global scale.
The document summarizes CenterPoint Energy's annual report for shareholders. It discusses the company's solid financial performance in 2007, with operating income growing 13.5% and dividends increasing 13%. It highlights achievements and growth across the company's various energy delivery businesses, including natural gas distribution, interstate pipelines, and field services. It also covers the company's focus on meeting future energy needs through investments in infrastructure, energy efficiency, and renewable energy while creating long-term shareholder value.
GasLog Ltd. reported financial results for the fourth quarter and full year of 2012. For Q4, revenue was $18.3 million with a profit of $2.7 million. For the full year, revenue totaled $68.5 million with a profit of $4.2 million. Additionally, GasLog took delivery of a new LNG carrier ahead of schedule and contracted for two new LNG vessels to be delivered in 2016 with 10-year charters.
The 2004 Burlington Resources annual report discusses the company's strong financial and operational performance in 2004 and outlook for 2005. Some key points:
- Burlington reported record financial results in 2004, including $1.527 billion in net income and a 12% increase in production to 2,817 MMCFE/day.
- The company replaced 125% of its 2004 production at a low finding cost of $1.27/MCFE and increased total reserves to 12.0 TCFE.
- Burlington expects to continue growing production 3-8% annually in 2005 through investment in its core asset base focused on North America.
- Challenges include continually upgrading the drilling inventory
Stryker Corporation is a global leader in orthopaedics and other medical specialties. The 2004 annual report discusses Stryker's financial results and divisions. It achieved $4.26 billion in net sales in 2004, an 18% increase over 2003. The report highlights Stryker's orthopaedic implants, medical equipment, rehabilitation services, and international operations divisions. Stryker partners with medical professionals around the world to develop innovative solutions and help people lead more active lives.
The document provides a summary of a company's 3Q08 financial results. It highlights that revenue increased 5.2% year-over-year to R$1.226 billion, EBITDA grew 10.6% to R$350.6 million, and net income was R$117.6 million. Generation saw increases in energy sold and financial performance due to capacity growth. Distribution also increased energy sold despite market growth, with Escelsa's tariff adjustment positively impacting results. Expenses declined through reductions in provisions and third-party services. The financial result declined due to lower income and a negative foreign exchange impact.
The document is FedEx Corporation's 2000 Annual Report. It summarizes that in FY2000, FedEx saw a 9% increase in revenue to $18.3 billion and a 9% increase in net income to $688 million. Earnings per share grew 10% to $2.32. It also outlines FedEx's new strategic plan called "Project ARISE" to strengthen the FedEx brand and provide more integrated services and solutions for customers. The plan aims to drive revenue and profit growth through cross-selling services, expanding international business, leveraging e-commerce, and providing supply chain solutions.
ARC Resources - February 2013 Investor PresentationARC Resources
ARC Resources provides an investor presentation detailing its oil and gas reserves, production growth, and financial performance. Some key points include:
- ARC's proved plus probable reserves totaled 607 million barrels of oil equivalent as of December 31, 2012.
- Between 2012 and 1997, ARC grew its proved plus probable reserves at a compound annual growth rate of 18%.
- ARC replaced over 200% of its 2012 production at a finding and development cost of $9.34 per barrel of oil equivalent.
This document is the 2007 annual report of W. R. Berkley Corporation, a commercial property and casualty insurance provider. The report summarizes the company's strong financial performance in 2007, with total revenues increasing 3% to $5.6 billion, net income reaching a new high of $3.78 per share and return on equity exceeding 22%. It provides an overview of the company's five business segments and decentralized operating structure. The report also highlights Berkley's long-term strategies of accountability, developing talent internally, proactively managing risk exposures, and maintaining a strong balance sheet.
Braskem reported financial results for 4Q12 and full year 2012. For 4Q12, Braskem's EBITDA was R$1.4 billion including gains from asset sales, and net revenue was R$9.2 billion. For 2012, Braskem's EBITDA was R$4 billion including non-recurring items, and the company expanded its market share in Brazil to 71% on thermoplastic resin sales of 3.5 million tons. Braskem also made progress on projects in Mexico and Comperj while maintaining its commitment to financial health.
Multiplus reported strong growth in the second quarter of 2011. Points issued grew 51.4% year-over-year to 18.5 billion points, while gross billings increased 34.3% to R$354.6 million. Net income was R$81.2 million, an increase from R$23.1 million in the prior year quarter. The average breakage rate was stable at 23.3%. Multiplus uses currency hedges to mitigate foreign exchange risk from agreements denominated in US dollars, with a notional position of USD 171 million in hedges through 2014.
Apresentação 1a conferência anual citi brasil (em inglês)Braskem_RI
This presentation provides an overview of Braskem, the largest petrochemical company in Latin America. It discusses Braskem's key differentiators including its large scale of operations, regional strength in South America, and history of strong and consistent growth through organic and acquisition routes. The presentation reviews Braskem's financial and operational figures, leadership positions in key Brazilian markets, and differentiated technology including being a global pioneer in green polymers. It also notes Braskem's consistent spreads over international prices for its resin products.
VF Corporation posted record sales and earnings in 2005 and is strongly positioned for another outstanding year in 2006. The company achieved growth across most of its businesses, including its Mass Market, Specialty, Latin America, Mexico and Canada jeanswear divisions. One area of challenge was the Lee® brand in the U.S. The company is taking steps to restore growth to its North American jeans business through innovative new products and leveraging the strength of flagship brands in new categories and markets.
- KBR announced third quarter 2007 results with net income of $63 million compared to $7 million in third quarter 2006. Income from continuing operations was $60 million compared to a $8 million loss in 2006.
- Revenue was $2.2 billion, flat compared to third quarter 2006. Operating income was $102 million compared to $66 million in 2006, helped by gains on asset sales and Iraq work.
- The company was awarded several new contracts totaling over $13 billion and backlog grew 25% over the quarter. Management was pleased with results and business reorganization.
USG Corporation had a very successful year in 1999. Net sales increased 15% to $3.6 billion, operating profit rose 25% to $730 million, net earnings increased 27% to $421 million, and diluted earnings per share were $8.39 compared to $6.61 in 1998. To continue this growth, USG is investing in new state-of-the-art manufacturing facilities to increase production capacity and replace older, higher-cost plants. They are also focusing on innovation, expanding distribution through L&W Supply, strengthening customer relationships, and building their brands.
This document provides financial highlights and operating data for ConocoPhillips for the first quarter of 2007 compared to the first quarter of 2006. Some key figures include:
- Net income of $3.546 billion in Q1 2007 compared to $3.291 billion in Q1 2006.
- Oil and gas production increased from the year-ago period, with crude oil production of 840 thousand barrels per day in Q1 2007 versus 777 thousand barrels per day in Q1 2006.
- Capital expenditures and investments totaled $2.847 billion in Q1 2007 compared to $4.514 billion in the same period of 2006.
Braskem presented information to investors on May 08. The presentation contained forward-looking statements that reflected Braskem's beliefs, not facts, and included risk factors. Braskem cannot guarantee future results. Braskem is the largest petrochemical company in Latin America by production capacity and the #2 in EBITDA margins among petrochemical companies. It has consistently grown through organic means and acquisitions, with revenues growing at a 16.3% CAGR from 1994-2007 and production capacity growing at a 12.3% CAGR in the same period.
1) Burlington Northern Santa Fe reported record first quarter revenues of $3.54 billion, up 5% from the first quarter of 2006, despite flat freight volumes. Net income was $349 million or $0.96 per diluted share, compared to $410 million or $1.09 per diluted share in the prior year.
2) Operating expenses increased $281 million primarily due to an $81 million environmental and technology charge as well as higher fuel costs. Freight revenues increased in all major commodity groups due to rate increases and fuel surcharges.
3) Capital expenditures totaled $537 million for the quarter, with $311 million spent on track maintenance including rail, ties, and surfacing
9 M2007 Results And Strategic Update On RussiaEnel S.p.A.
The document provides financial highlights from Enel SpA for the first 9 months of 2007:
- Revenues increased slightly by 0.5% to €28.76 billion while EBITDA rose 7.1% to €6.711 billion. EBIT, however, declined by 2.7% to €4.751 billion.
- Net debt increased substantially by 111.9% to €24.769 billion as of December 31, 2006.
- EBITDA from the domestic market division rose due to higher results from the regulated market, while international EBITDA increased mainly from Iberia and South-Eastern Europe.
The Public Sector (or charities) cannot “deliver benefits”. Only people who are willing and able to use the results of the Public Sector’s activities can realise benefits. Don’t dream up, and waste resources on, projects where you can’t be confident the results will be used to achieve benefits
Valtellina is a valley region located in northern Lombardy, Italy along the Swiss border. It is surrounded by the Alps and lakes and is known for its ski resorts, hiking trails, thermal springs and gourmet cuisine. The region contains 9 ski areas with over 400km of slopes, as well as numerous mountain hiking paths. Tourism is a major industry in Valtellina, with over 400 hotels and 19,000 hotel beds available.
This document provides a summary of a presentation on success for science students. It discusses several key points:
1. The presenter is Dr. Muavia Gallie who discusses success principles for students who have made it into a science program.
2. One principle discussed is taking 100% responsibility for your life and that no one owes you anything. Students must make the most of the opportunities and gifts they are given.
3. A quote from Will Smith's film "The Pursuit of Happiness" emphasizes having a dream and protecting it, as others may try to discourage achievement.
4. Marianne Williamson's words about conquering our deepest fears of believing we are powerful and brilliant are also presented
This document summarizes a green paper on post-school education and training in South Africa. [1] It identifies broad issues in the current system like a lack of clear pathways between education levels and confusion between supply and demand. [2] It notes chapters raise issues like outdated data and the need to define quality assurance. [3] The conclusion states the paper can spur debate but is not authoritative, and universities must focus beyond their own interests.
The document provides a summary of a company's 3Q08 financial results. It highlights that revenue increased 5.2% year-over-year to R$1.226 billion, EBITDA grew 10.6% to R$350.6 million, and net income was R$117.6 million. Generation saw increases in energy sold and financial performance due to capacity growth. Distribution also increased energy sold despite market growth, with Escelsa's tariff adjustment positively impacting results. Expenses declined through reductions in provisions and third-party services. The financial result declined due to lower income and a negative foreign exchange impact.
The document is FedEx Corporation's 2000 Annual Report. It summarizes that in FY2000, FedEx saw a 9% increase in revenue to $18.3 billion and a 9% increase in net income to $688 million. Earnings per share grew 10% to $2.32. It also outlines FedEx's new strategic plan called "Project ARISE" to strengthen the FedEx brand and provide more integrated services and solutions for customers. The plan aims to drive revenue and profit growth through cross-selling services, expanding international business, leveraging e-commerce, and providing supply chain solutions.
ARC Resources - February 2013 Investor PresentationARC Resources
ARC Resources provides an investor presentation detailing its oil and gas reserves, production growth, and financial performance. Some key points include:
- ARC's proved plus probable reserves totaled 607 million barrels of oil equivalent as of December 31, 2012.
- Between 2012 and 1997, ARC grew its proved plus probable reserves at a compound annual growth rate of 18%.
- ARC replaced over 200% of its 2012 production at a finding and development cost of $9.34 per barrel of oil equivalent.
This document is the 2007 annual report of W. R. Berkley Corporation, a commercial property and casualty insurance provider. The report summarizes the company's strong financial performance in 2007, with total revenues increasing 3% to $5.6 billion, net income reaching a new high of $3.78 per share and return on equity exceeding 22%. It provides an overview of the company's five business segments and decentralized operating structure. The report also highlights Berkley's long-term strategies of accountability, developing talent internally, proactively managing risk exposures, and maintaining a strong balance sheet.
Braskem reported financial results for 4Q12 and full year 2012. For 4Q12, Braskem's EBITDA was R$1.4 billion including gains from asset sales, and net revenue was R$9.2 billion. For 2012, Braskem's EBITDA was R$4 billion including non-recurring items, and the company expanded its market share in Brazil to 71% on thermoplastic resin sales of 3.5 million tons. Braskem also made progress on projects in Mexico and Comperj while maintaining its commitment to financial health.
Multiplus reported strong growth in the second quarter of 2011. Points issued grew 51.4% year-over-year to 18.5 billion points, while gross billings increased 34.3% to R$354.6 million. Net income was R$81.2 million, an increase from R$23.1 million in the prior year quarter. The average breakage rate was stable at 23.3%. Multiplus uses currency hedges to mitigate foreign exchange risk from agreements denominated in US dollars, with a notional position of USD 171 million in hedges through 2014.
Apresentação 1a conferência anual citi brasil (em inglês)Braskem_RI
This presentation provides an overview of Braskem, the largest petrochemical company in Latin America. It discusses Braskem's key differentiators including its large scale of operations, regional strength in South America, and history of strong and consistent growth through organic and acquisition routes. The presentation reviews Braskem's financial and operational figures, leadership positions in key Brazilian markets, and differentiated technology including being a global pioneer in green polymers. It also notes Braskem's consistent spreads over international prices for its resin products.
VF Corporation posted record sales and earnings in 2005 and is strongly positioned for another outstanding year in 2006. The company achieved growth across most of its businesses, including its Mass Market, Specialty, Latin America, Mexico and Canada jeanswear divisions. One area of challenge was the Lee® brand in the U.S. The company is taking steps to restore growth to its North American jeans business through innovative new products and leveraging the strength of flagship brands in new categories and markets.
- KBR announced third quarter 2007 results with net income of $63 million compared to $7 million in third quarter 2006. Income from continuing operations was $60 million compared to a $8 million loss in 2006.
- Revenue was $2.2 billion, flat compared to third quarter 2006. Operating income was $102 million compared to $66 million in 2006, helped by gains on asset sales and Iraq work.
- The company was awarded several new contracts totaling over $13 billion and backlog grew 25% over the quarter. Management was pleased with results and business reorganization.
USG Corporation had a very successful year in 1999. Net sales increased 15% to $3.6 billion, operating profit rose 25% to $730 million, net earnings increased 27% to $421 million, and diluted earnings per share were $8.39 compared to $6.61 in 1998. To continue this growth, USG is investing in new state-of-the-art manufacturing facilities to increase production capacity and replace older, higher-cost plants. They are also focusing on innovation, expanding distribution through L&W Supply, strengthening customer relationships, and building their brands.
This document provides financial highlights and operating data for ConocoPhillips for the first quarter of 2007 compared to the first quarter of 2006. Some key figures include:
- Net income of $3.546 billion in Q1 2007 compared to $3.291 billion in Q1 2006.
- Oil and gas production increased from the year-ago period, with crude oil production of 840 thousand barrels per day in Q1 2007 versus 777 thousand barrels per day in Q1 2006.
- Capital expenditures and investments totaled $2.847 billion in Q1 2007 compared to $4.514 billion in the same period of 2006.
Braskem presented information to investors on May 08. The presentation contained forward-looking statements that reflected Braskem's beliefs, not facts, and included risk factors. Braskem cannot guarantee future results. Braskem is the largest petrochemical company in Latin America by production capacity and the #2 in EBITDA margins among petrochemical companies. It has consistently grown through organic means and acquisitions, with revenues growing at a 16.3% CAGR from 1994-2007 and production capacity growing at a 12.3% CAGR in the same period.
1) Burlington Northern Santa Fe reported record first quarter revenues of $3.54 billion, up 5% from the first quarter of 2006, despite flat freight volumes. Net income was $349 million or $0.96 per diluted share, compared to $410 million or $1.09 per diluted share in the prior year.
2) Operating expenses increased $281 million primarily due to an $81 million environmental and technology charge as well as higher fuel costs. Freight revenues increased in all major commodity groups due to rate increases and fuel surcharges.
3) Capital expenditures totaled $537 million for the quarter, with $311 million spent on track maintenance including rail, ties, and surfacing
9 M2007 Results And Strategic Update On RussiaEnel S.p.A.
The document provides financial highlights from Enel SpA for the first 9 months of 2007:
- Revenues increased slightly by 0.5% to €28.76 billion while EBITDA rose 7.1% to €6.711 billion. EBIT, however, declined by 2.7% to €4.751 billion.
- Net debt increased substantially by 111.9% to €24.769 billion as of December 31, 2006.
- EBITDA from the domestic market division rose due to higher results from the regulated market, while international EBITDA increased mainly from Iberia and South-Eastern Europe.
The Public Sector (or charities) cannot “deliver benefits”. Only people who are willing and able to use the results of the Public Sector’s activities can realise benefits. Don’t dream up, and waste resources on, projects where you can’t be confident the results will be used to achieve benefits
Valtellina is a valley region located in northern Lombardy, Italy along the Swiss border. It is surrounded by the Alps and lakes and is known for its ski resorts, hiking trails, thermal springs and gourmet cuisine. The region contains 9 ski areas with over 400km of slopes, as well as numerous mountain hiking paths. Tourism is a major industry in Valtellina, with over 400 hotels and 19,000 hotel beds available.
This document provides a summary of a presentation on success for science students. It discusses several key points:
1. The presenter is Dr. Muavia Gallie who discusses success principles for students who have made it into a science program.
2. One principle discussed is taking 100% responsibility for your life and that no one owes you anything. Students must make the most of the opportunities and gifts they are given.
3. A quote from Will Smith's film "The Pursuit of Happiness" emphasizes having a dream and protecting it, as others may try to discourage achievement.
4. Marianne Williamson's words about conquering our deepest fears of believing we are powerful and brilliant are also presented
This document summarizes a green paper on post-school education and training in South Africa. [1] It identifies broad issues in the current system like a lack of clear pathways between education levels and confusion between supply and demand. [2] It notes chapters raise issues like outdated data and the need to define quality assurance. [3] The conclusion states the paper can spur debate but is not authoritative, and universities must focus beyond their own interests.
JP Morgan Asia Pacific & Emerging Markets Equities Conference - London and NYEDP - Energias do Brasil
This presentation provides an overview of Energias do Brasil, including:
- In 2006, Energias do Brasil distributed 24 TWh to 3.1 million customers. In 1H07, total installed capacity reached 1,043 MW.
- Energias do Brasil has generation, distribution and commercialization assets in Brazil, operating under a majority control by EDP Group.
- Distribution assets include Bandeirante, Enersul and Escelsa, which distributed a total of 12,411 GWh in 1H07, a 3.8% increase from 2006.
- The board of directors has 7 members including 2 independent members, and board committees oversee areas
Breaking the Core Programme Barrier - Authors: Lorna Dodd and Susan Boyle (UC...UCD Library
The document discusses the University of College Dublin Library's new strategy to take a program-based approach to information literacy instruction by embedding it within large multi-disciplinary arts and science programs. It provides examples of how the library partnered with faculty to create information literacy tutorials and activities for the Introduction to Arts and Principles of Scientific Enquiry modules, reaching over 1,600 and 370 students respectively. The lessons learned include the benefits of this new approach, opportunities to expand it to other programs, and challenges around sustainability and measuring impact.
1) Facebook is a social media platform for connecting with friends and sharing updates. It started as a college networking site and has expanded globally.
2) To create an account, you provide your email and set a password. Adding photos and details about your interests helps you connect with friends.
3) When creating a group or club page, only share approved photos and limit access to approved members to maintain privacy and prevent misuse of information. Monitor the page to prevent inappropriate content.
The document describes different types of farts, including:
1) The Standard fart, a dry everyday fart suitable for most situations.
2) The Nervous Fart, which occurs unintentionally during unpleasant situations like kindergarten concerts.
3) The Cough-Fart Combo, a premeditated technique used to mask flatulence especially around women.
4) The Wet One, which can cause embarrassment if the timing is off or it lasts too long.
Energias do Brasil held a conference call to discuss its 2Q07 earnings results. The company reported strong growth in revenue and EBITDA of 27.3% and 91.6% respectively compared to 2Q06. Net income increased substantially to R$333 million from R$26 million in 2Q06. Manageable costs were impacted by some non-recurring provisions but productivity gains helped offset costs. The company also reduced debt levels and extended debt maturities. Overall, the results demonstrated continued improvement in the company's financial and operating performance in 2Q07.
1) Facebook is a social media platform for connecting with friends and sharing updates. It started as a college networking site and has expanded to include anyone.
2) To create an account, you provide your email and set a password. Your contacts may be searched to find friends. Profile information like photos can be added while controlling privacy settings.
3) A club or group page allows information sharing and events. Only approved content from administrators should be posted. Photos of members require signed releases.
This document discusses using social media for international marketing. It provides statistics on global internet and social media usage. Key platforms discussed include Facebook, LinkedIn, Twitter, MySpace and blogging. Cultural differences between countries must be considered for successful international social media marketing. Goals and metrics should be set to measure success.
1) O documento apresenta informações sobre uma reunião com analistas e investidores em junho de 2006 e contém um disclaimer sobre declarações prospectivas.
2) A estratégia da empresa é ser líder no setor energético brasileiro, com foco na criação de valor por meio da eficiência operacional, solidez financeira e crescimento com ênfase em geração hidrelétrica.
3) Os resultados financeiros do primeiro trimestre de 2006 mostraram crescimento consistente de receita e EBITDA em relação ao ano anterior.
Energias do Brasil reported its 4Q06 earnings results. Key highlights included a 5.5% increase in net revenues and a 17.6% increase in EBITDA. Distributed energy volume showed a strong recovery in 4Q06. Generation benefited from Peixe Angical and Mascarenhas plants operating at full capacity. Commercialization was impacted by lower self-dealing, offset by free market growth. The company also discussed its continued focus on efficiency programs, debt management, and investments in distribution, generation and universalization programs.
The document discusses EDP Energias do Brasil's history and operations in the Brazilian power sector, including its generation, distribution, and commercialization businesses. It provides financial and operational data for 2008 that shows EDP has a large presence in Brazil as the 5th largest private generator, 4th largest private distributor, and 3rd largest private trading company. The document also gives an overview of the growth trends in Brazil's power sector and generation sources.
Energias do Brasil achieved several important goals in the first half of 2006. It started operations at its Peixe Angical hydroelectric plant, concluded its redundancy program, and issued new debentures. However, net income decreased due to one-time factors in 2005 and costs associated with the redundancy program. Overall the company is making progress on initiatives to reduce losses and position itself for continued growth.
1. EDP Brasil reported a 7.6% decrease in net revenue in 1Q09 compared to 1Q08, but manageable expenses decreased 17.4%. EBITDA was down 11.3% while adjusted EBITDA rose 7.9%.
2. Generation business saw a 23% increase in energy volume sold due to an asset swap operation, but net revenue grew only 6.5% due to lower dispatch. Distribution saw a decrease in captive industrial customers offset by growth in residential and commercial as well as lower free customer consumption.
3. The company continues its focus on efficiency and cash flow generation through expense reductions and expansion projects.
EDP Energias do Brasil reported its 2Q09 results. Key highlights include: 4%
- EBITDA of R$344 million and net income of R$213 million
- Energy volume sold by generation business up 29% year-over-year 18%
- Unveiling of full commercial operations at Santa Fé SHP
- Net revenue fell 1% due to elimination of Enersul figures 78%
- Manageable expenses down 12% for the sixth quarter in a row
- Approval and signature of long-term financing for Pecém I project
Bonds
BNDES/IDB
The presentation provides financial and operational details on EDP
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...finance36
The document summarizes The Shaw Group Inc.'s annual meeting for fiscal year 2008. It provides key financial results including record revenue, EBITDA, net income, and EPS. It also discusses major projects, growth in backlog to $15.6 billion, and guidance for fiscal year 2009 revenues of $7.1-7.3 billion and EPS of $2.50-2.70 per share.
shaw group 8C04E297-E3DD-4F1E-8BB2-56C5BB51CEDA_SGR_AnnualShareholdersMeeting...finance36
The document summarizes The Shaw Group Inc.'s annual meeting for fiscal year 2008. It provides key financial results including record revenue, EBITDA, net income, and EPS. It also discusses major projects, growth in backlog to $15.6 billion, and guidance for fiscal year 2009 revenues of $7.1-7.3 billion and EPS of $2.50-2.70 per share.
- The document summarizes Gafisa's third quarter 2009 results conference call.
- Key highlights include a 43% decrease in launches but a 48% increase in contracted sales compared to the previous year. Net revenues increased 131% while gross margins decreased.
- Recent developments discussed include strong sales in mid-to-mid-high segments, expansion of the affordable housing program, and plans to merge shares of Tenda into Gafisa to increase scale and efficiency.
- Gafisa has a diversified land bank of 313 sites in 21 states representing over 15 billion reais in potential sales.
The document summarizes Gafisa's third quarter 2009 results conference call. It discusses strong sales performance in the mid and mid-high housing segments. It also notes the expansion of the affordable housing program and Gafisa's growing national footprint. Financially, it highlights contracted sales growth of 48% and a backlog of over R$2.9 billion in revenues to be recognized. Over R$1 billion in new project launches are planned for the fourth quarter of 2009.
This document summarizes Braskem's 4Q08 earnings conference call. It discusses the significant financial crisis and volatility in exchange rates, raw materials, and resin prices during the quarter. Braskem's net revenue was R$4.1 billion in 4Q08, down 18% from 3Q08. EBITDA was R$633 million, positively impacted by a R$74 million adjustment not related to the period. A R$1.9 billion real depreciation increased liabilities pegged to the US dollar. Braskem's priorities are focusing on financial strength and liquidity, accelerating synergies from acquisitions, maintaining profitability, recovering plant utilization rates, and assessing growth opportunities during the
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This document provides an overview of Public Service Enterprise Group's (PSEG) presentation at a power and gas leaders conference on September 25, 2007. The presentation discusses PSEG's businesses, financial outlook, and strategies for addressing climate change and reducing carbon emissions. It notes that state policies are driving the need for utilities to invest in renewable energy, energy efficiency, and low-carbon power generation like nuclear to meet environmental targets. PSEG's approach includes expanding energy efficiency, renewable energy programs, and potentially building a new nuclear plant.
public serviceenterprise group Merrill_Lynch_FINALfinance20
This document provides an overview of a presentation given by PSEG at a power and gas leaders conference in September 2007. It includes forward-looking statements and disclaimers, as well as an introduction to PSEG highlighting its operating earnings guidance and assets. The presentation discusses the business environment around issues of environmental challenges, infrastructure needs, and capacity requirements. It outlines PSEG's response and strategies around reducing carbon emissions through conservation, renewables, and clean energy generation.
The document summarizes Chevron's third quarter 2008 earnings conference call. It discusses Chevron's Q3 2008 earnings of $7.9 billion, an update on upstream production including impacts from hurricanes, the status of major capital projects, and other highlights in upstream operations. Representatives from Chevron's executive team presented on topics such as earnings components, production by region, and progress on key projects.
Energias do Brasil reported its 1Q06 earnings results. Key highlights included growth in energy distributed and net revenues, with improvements in operational efficiency. Investments in distribution and generation resumed, and financial performance was strengthened by efficient debt management. Shares performed well since the IPO, reflecting the company's value-focused business model and strategic consistency.
This document provides a summary of PETROBRAS' 1st quarter 2006 earnings conference call. The summary includes:
- PETROBRAS' net income decreased 18% compared to the previous quarter due to higher tax payments.
- Domestic oil and NGL production increased 14% year-over-year due to new platform start-ups.
- Lifting costs increased 6% quarter-over-quarter mainly due to a 3% real appreciation and lower production volumes.
- Refining costs decreased 6% from the previous quarter due to fewer planned refinery stoppages.
edison international 2002_annual_sce_7675finance21
Southern California Edison Company (SCE) is one of the largest electric utilities in the US, serving over 4.5 million customers in central and southern California. In 2002, SCE earned $1.2 billion in net income compared to $2.4 billion in 2001 and a loss of $2 billion in 2000. SCE's earnings have been impacted by regulatory decisions related to recovery of past power procurement costs and generation asset values. SCE continues to operate under a 2001 settlement agreement allowing recovery of $3.6 billion in past costs, while legal challenges to the agreement remain pending.
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Energias do Brasil reported strong financial results in 1Q08, with net income increasing 28.3% over 1Q07. The generation segment drove growth with an 86.3% increase in EBITDA. Commercialization also contributed significantly with a 165.5% increase in EBITDA due to high short-term prices. Manageable expenses remained stable despite inflation, while net financial expenses decreased 34.2% due to improved foreign exchange results. The company has low leverage, an extended debt maturity profile, and minimal currency exposure positioning it well for continued growth.
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- Adjusted EBITDA increased 12.0% in 4Q12 versus 4Q11, reaching R$881.8 million, despite a contraction in the EBITDA margin. For the full year, adjusted EBITDA grew 11.5%.
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Este documento apresenta os resultados financeiros da EDP Energias do Brasil no primeiro trimestre de 2010. Destaca o crescimento de 20% no volume de energia distribuída, queda de 8% na geração e aumento de 18% na comercialização. Apresenta também os investimentos realizados e projetados, com foco na construção do parque eólico de Tramandaí e da Usina Termelétrica de Pecém I.
G:\Ri\Website\Arquivos Para Site\ApresentaçõEs\ApresentaçõEs\2010\100308 Ap...EDP - Energias do Brasil
Este documento apresenta informações sobre a EDP Energias do Brasil, incluindo:
1) Uma descrição dos segmentos de geração, distribuição e comercialização da empresa e suas participações em cada um.
2) Detalhes sobre o setor elétrico brasileiro e a posição da EDP no mercado.
3) A trajetória histórica da EDP no Brasil e seus principais ativos e projetos.
Este documento descreve um aviso importante sobre declarações de expectativas futuras de acordo com regulamentações de valores mobiliários. Essas declarações são baseadas em suposições que podem diferir dos resultados reais, os quais podem ser afetados por diversos fatores fora do controle da empresa.
Este documento fornece informações sobre a EDP Energias do Brasil, incluindo sua receita líquida e EBITDA ajustado em 2008, sua participação nos segmentos de geração, distribuição e comercialização de energia, e detalhes sobre o setor de energia elétrica no Brasil e a trajetória da EDP no país.
1) EDP Energias do Brasil reported EBITDA of R$364 million and net income of R$120 million for 3Q09.
2) Energy volume sold by the generation business increased 30% to 2,060 GWh due to an asset swap. Commercialized energy sales volume rose 36%.
3) Net revenue increased 2% to R$1,183 million. Manageable expenses dropped 8% for the seventh quarter in a row.
O documento apresenta os resultados financeiros da EDP Energias do Brasil para o terceiro trimestre de 2009. A companhia obteve EBITDA de R$364 milhões e lucro líquido de R$120 milhões no período. A geração vendeu 2.060 GWh, 30% a mais que no mesmo período do ano anterior, enquanto a distribuição distribuiu 15.529 GWh.
Este documento apresenta os resultados financeiros da EDP Energias do Brasil no segundo trimestre de 2009. A receita líquida caiu 4% em relação ao ano anterior, enquanto o EBITDA e o lucro líquido aumentaram. A geração de energia teve forte crescimento de volume e receita. As distribuidoras tiveram queda no volume distribuído, mas aumento no volume vendido a clientes finais.
O documento apresenta os resultados financeiros do primeiro trimestre de 2009 da EDP Energias do Brasil. O EBITDA atingiu R$ 340 milhões e o lucro líquido foi de R$ 117 milhões. A geração vendeu 1.890 GWh de energia, 23% a mais que no primeiro trimestre de 2008, devido à troca de ativos. Os gastos gerenciáveis reduziram 17,4%, sendo o quinto trimestre consecutivo de redução.
The document provides a summary of EDP Energias do Brasil's 4Q08 results. Some key highlights include:
- Consolidated net operating revenue increased 9.1% to R$1,189.2 million in 4Q08.
- Manageable expenditures before depreciation and amortization decreased 18% compared to 4Q07.
- 4Q08 EBITDA reached R$306.0 million, an increase of 96.5% compared to 4Q07.
- Net income for 4Q08 was R$119.0 million, 51% higher than 4Q07.
The document summarizes the financial results of a Brazilian energy company for the second quarter of 2008. Some key points:
- Consolidated EBITDA grew 3.8% year-over-year to R$323.4 million, with generation contributing 35% and growing EBITDA 19% to R$118 million.
- Generation energy sales increased 9% to 1,428 GWh. Distributed energy grew 2.8% to 6,444 GWh.
- The company acquired two wind farms totaling 13.8 MW of capacity. An asset swap was also completed between subsidiaries to optimize the business.
- Future projects could increase the company's installed generation capacity by 102.3% to
1) O documento apresenta os resultados financeiros do 2T08 do Grupo Energias do Brasil.
2) Destaca o crescimento de 3,8% no EBITDA consolidado e de 19,0% no EBITDA da geração no 2T08.
3) Apresenta os principais destaques operacionais e financeiros das áreas de geração, distribuição e comercialização.
O documento apresenta os resultados financeiros da empresa no 3T08. A receita líquida consolidada cresceu 5,2% e o EBITDA aumentou 10,6% em relação ao mesmo período do ano anterior. A capacidade instalada de geração de energia da empresa deve crescer 24% até 2011 com novos projetos em implementação. No segmento de distribuição, o volume de energia distribuída aumentou 1,3% e a performance financeira foi positivamente impactada pelo reajuste tarifário da Escelsa.
Este documento apresenta os resultados financeiros da companhia no 4T08. Destaca o crescimento da receita líquida consolidada em 9,1% em relação ao mesmo período do ano anterior. Apresenta redução dos gastos gerenciáveis antes de depreciação e amortização de 18% no 4T08. O EBITDA consolidado cresceu 96,5% em relação ao 4T08, atingindo R$ 306 milhões.
O documento apresenta os resultados financeiros do primeiro trimestre de 2008 da Companhia. Destaca-se o crescimento de 28,3% no lucro líquido em relação ao mesmo período do ano anterior, impulsionado principalmente pelo forte desempenho das áreas de geração e comercialização. A geração obteve aumento de 86,3% no EBITDA graças ao maior volume de energia vendida. Já a comercialização teve alta de 165,5% no EBITDA, aproveitando os altos preços de curto prazo no período.
This document contains a disclaimer and forward-looking statements regarding a company's presentation. It discusses the company's 2007 financial results including:
- Net income increased 11.6% and consolidated EBITDA reached R$1,123 million, a 4.6% growth. EBITDA growth excluding non-recurring items would have been 16.3%.
- Generation segment's EBITDA grew 62.1% to R$442 million contributing 38% of consolidated EBITDA.
- Commercialization grew 7.2% in volume and 25.7% in margin. Distribution grew 9.6% in net operating revenue but EBITDA declined 18.1% due to an extraordinary reduction in
Energias do Brasil reported its third quarter 2007 earnings results in a conference call. The company's CEO, CFO, and investor relations officer presented operating and financial performance for the quarter. Energias do Brasil saw growth in energy distributed and volume sold, while facing challenges from rising costs and expenses. Overall, the company reported higher revenues but lower EBITDA compared to the previous year.
This document provides an overview and disclaimer for Energias do Brasil's 2nd Annual Brazil Conference presentation in May 2007. It summarizes Energias do Brasil's geographical presence in Brazil, including its distribution of energy to 3.1 million consumers across several subsidiaries in 2006. It also provides a high-level overview of Energias do Brasil's current organizational structure, with its primary business segments in generation, distribution, and commercialization of energy. Finally, it summarizes some of Energias do Brasil's key operating and financial results for the first quarter of 2007 compared to the same period in 2006, including increases in energy production and distribution volumes, as well as growth in net revenues and EBIT
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
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Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
1. 2005 Earnings Result - Conference Call
António Martins da Costa
CEO
Antonio José Sellare
CFO and Vice President of Investor
Relations
Vasco Barcellos
Investor Relations Officer
February, 2006
2. Disclaimer
This presentation may include forward-looking statements of future events or results according to regulations of the
Brazilian and international securities and exchange commissions. These statements are based on certain assumptions
and analysis by the company that reflect its experience, the economic environment and future market conditions and
expected events, many of which are beyond the control of the company. Important factors that may lead to significant
differences between the actual results and the statements of expectations about future events or results include the
company’s business strategy, Brazilian and international economic conditions, technology, financial strategy, public
service industry developments, hydrological conditions, financial market conditions, uncertainty of the results of future
operations, plans, objectives, expectations and intentions, among others. Considering these factors, the actual results of
the company may be significantly different from those shown or implicit in the statement of expectations about future
events or results.
The information and opinions contained in this presentation should not be understood as a recommendation to potential
investors and no investment decision is to be based on the veracity, current events or completeness of this information or
these opinions. No advisors to the company or parties related to them or their representatives shall have any
responsibility for whatever losses that may result from the use or contents of this presentation.
This material includes forward-looking statements subject to risks and uncertainties, which are based on current
expectations and projections about future events and trends that may affect the company’s business. These statements
include projections of economic growth and energy demand and supply, as well as information about the competitive
position, the regulatory environment, potential opportunities for growth and other matters. Several factors may
adversely affect the estimates and assumptions on which these statements are based.
2
3. Energias do Brasil: 2005 Highlights
Net Revenues (R$MM) EBITDA (R$MM)
13.4%
CAGR 0%
4,323 R 26.
CAG 913
3,692
3,364 775
(R$ MM)
575
(R$ MM)
2003 2004 2005 2003 2004 2005
Net Profit (R$MM) Net Debt / EBITDA*
3.0x ∆= - 1.1x
439
2.7x
∆= + R$608 MM
1.9x
(R$ MM)
107
-169 2004 Jun/05 Dez/05
2003 2004 2005 * Ebitda of last 12 months 3
4. Energias do Brasil: 2005 Achievements
New Brand and Visual Identity;
Migration of Minority Shareholders
Corporate Restructuring: Optimization
Deverticalization of Assets
IPO + Capitalization The largest IPO of the Year
Optimization of the Capital Structure
Acceptance to High Corporate Governance Standard;
Peixe-Angical: Advance in the 2005 schedule allowed the start of
the flooding process;
Definition of the RABs: Conclusion of the Tariff Revision of the
Concessionaries;
INVESTCO: Agreement with Eletrobrás;
Market Indexes: ENBR3 in the MSCI Brazil Index and IBrX-100;
Indebtness:: Creation of conditions to extend the maturity profile
with lower costs (Debentures)
4
5. Solution of the Redeemable Shares of Investco
Before the After the
Agreement: Agreement:
26,70% Total
5
6. Energias do Brasil: Current Management Focus
Growth with
Debt Maturity Losses Reduction
emphasis on the Vanguard Project
Extension Program
Generation Segment
6
8. Distributed and Commercialized Electricity
Consistent growth in the electric power market of our concessionaires in 2005 ...
Eletricity Distributed (GWh) Commercialized Energy (GWh)
3.0%
23,061
22,396
%
3,028 3,108 32
GWh
7,178 7,639
2.5%
GWh
5,779 6,379
5,635 4,849
772 40%
776 12,189 12,315
1,836 1,949
1,691
3,024 3,058 1,211
4Q04 4Q05 2004 2005 4Q04 4Q05 2004 2005
Bandeirante Escelsa Enersul
... with an even higher expansion of our commercialization volumes
8
9. Distribution Business – Market Breakdown
Migration of captive customers to the free customer status has been changing the market profile.
Electricity Distributed (GWh) Net Operating Revenues (R$ MM)
3.0% %
11.7
23,061 4,161
22,396
1% 1% 3,726 1%
1% 10%
23% 30% 6%
2.5% 8.6%
5,779 89%
5,635 978 1,062 93%
76% 69%
1% 2% 1% 1%
25% 33% 7% 12%
74% 65% 92% 87%
4Q04 4Q5 2004 2005 4Q04 4Q5 2004 2005
Final Custormers Energy in Transit Others Final Custormers Energy in Transit Others
9
10. Distribution Business – Quality Indicators
In 2005, Energias do Brasil invested R$20 million in programs geared to contain growth in the
level of technical and commercial losses. These investments are intended to provide a gradual
reduction starting in 2006.
Evolution of total losses (% of the electric power distributed in the last 12 months)
technical commercial
2005 2005 2005 2005
- 61.6 thousand - 258.6 thousand - 156.7 thousand - 476.9 thousand
inspections made inspections made inspections made inspections made
- 2.8 thousand frauds - 34.1 thousand frauds - 5.3 thousand frauds - 42.2 thousand
detected detected detected frauds detected
- Total of 50 thousand - Total of 240 thousand - Total of 214 thousand - Total of 504
inspections scheduled inspections scheduled inspections scheduled
% últimos 12 meses
thousand
for 2005 for 2005 for 2005 inspections
scheduled for 2005
5.9
5.9
6.0 5.1 4.1 3.8
2.2 2.4
15.6
13.0
8.1 8.2 8.5 9.3
7.8 7.8
Jun/05 Dec/05 Jun/05 Dec/05 Jun/05 Dec/05 Jun/05 Dec/05
BANDEIRANTE ESCELSA ENERSUL ENERGIAS DO BRASIL
10
11. Generation Business: Peixe Angical Plant
January 2006: Granted the licence from IBAMA and the start of the filling of the reservoir.
• Location: Rio Tocantins
• Installed Capacity: 452 MW
• Assured annual power supply: 2,374 GWh
• Reservoir area: 294 Km2 • 95% of the construction concluded
• Investment: R$1.6 Bi (85% expended)
• Expected revenue service start-up dates:
• Start of the flooding process in January
1st engine: May 2006
2nd engine: July 2006
3 rd engine: October 2006
11
13. Revenue & EBITDA
Strong growth in revenues and EBITDA...
Net Revenues (R$ MM) EBITDA (R$MM)
% %
17 18
4,323 913
3,692 775
(R$ MM)
(R$ MM)
4% -15%
1,003 1,041 231
195
4Q04 4Q05 2004 2005 4Q04 4Q05 2004 2005
... which will be further improved by the expansion of our generation business
13
14. Costs and Expenses Breakdown 1
Manageable costs have the potential to be significantly reduced with the recent corporate
restructuring and synergy programs
Costs and Expenses Breakdown1 – 2005 Costs and Manageable Expenses Breakdown –2005
Acum. 12 months
Managed Expenditures Var.
2005 2004
Personnel 268 258 3.7%
Non-manageable Manageable costs
costs R$718 million Material 36 31 15.7%
R$2,693 million (21%) Third-party Services 239 198 20.6%
(79%)
Provisions 69 56 25.0%
Others 105 87 21.3%
Total 718 630 13.9%
Figures in R$ MM
Variation excluding
non-recurring expenses: 6.7%
R$3,411 million
Nota:
1 Excludes depreciation and amortization
14
15. Energias do Brasil: Profitability
In 2005, net profit of Energias do Brasil reached R$439 million. Considering net profit before
the participation of minority shareholders, the figure was R$442 million.
Net profit before the participation of minority
shareholders (R$MM) Net profit (R$MM)
%
59 442 439
%
311
279
(R$ MM)
(R$ MM)
10% %
321
142 156 155
107
37
4Q04 4Q05 2004 2005 4Q04 4Q05 2004 2005
15
16. Indebtedness – Total Position
Current capital structure was strengthened by the IPO and the capitalization of Escelsa’s senior
notes...
Indebtedness – 2005 (R$ MM) Gross Debt – Index Breakdown
Gross debt (Dec/2005): R$3.0 Bi
3%
3% 4%
13%
(588) 4%
1.9x EBITDA1
(728) 2005
(R$ MM)
30%
3,026
1,710
43%
US$ Selic
% CDI TJLP
Gross Debt (-) Cash & (-) Regulatory Assets Net Debt December Fixed Rate INPC and IGP-M
December 2005 Marketable Securites 2005 IGP-M
Notas:
1 Based on the EBITDA of the last 12 months
…creating financial capacity for the company’s growth
16
17. Debt Maturity Extension – Current Amortization Schedule
Energias do Brasil may benefit from opportunities to extend its debt maturity with lower costs.
Debt Amortization Schedule – 2005 (R$ Thousand)
963,343
732,385
663,721 Transactions in progress
587,929
32% Stand-by Facilities (R$700 MM)
24% 294,600 22% Issuance of Debentures by Bandeirante
205,026
166,606 (R$250 MM)
10%
7% 6%
Cash & Mkt. 2006 2007 2008 2009 2010 After 2010
Securities
17
18. Current Investment Plan
We invested R$1,072 million in 2005 and our investment plan for this year is fully equalized.
Investment Breakdown (Excludes New Generation Projects)
1,072
(R$ million)
651
612
182
335 343
125 126*
2005 2006E
Distribution Universalization Generation
* Preliminary
18
20. Key Elements of our Strategy
Benefit from coming growth opportunities,
VISION with an immediate emphasis on generation, with
due respect to strict return on investment criteria
Focus on operating efficiency and synergy gains,
To be a leading mainly in the distribution segment
company in the
electric power
STRATEGY
industry, focused on
creating value to our Leverage management skills with the support
shareholders of an international group that has a proven
track-record in competitive markets
Maintain a solid financial structure with liquidity
and scale to sustain the expansion plan
20
21. Operational Efficiency – Vanguard Project
Project is being implemented as scheduled.
Steps 2004 2005 2006 2007
1 Strategy Definition
–
2 Organizational & New Structure
–
Design and Implementation
3 Processes Redesigning
–
4 HR Projects Development
–
5 IT Alignment
–
6 Control and Monitoring
–
Alignment
7 Change Management and
–
Implementation
Accomplished Steps
21
22. Share Performance
Base 100: 7/12/05
230 70,000
R$ 32.00
ENBR3 integrates ENBR3
the MSCI Brazil integrates IBrX- 38.246
210 60,000
Index – R$ 26.50 100 – R$ 27.20
ANEEL decision (11/30/05) 01/02/06)
190 Earnings Release about the 50,000
IPO - ENBR3 2Q05 – R$ 21.85 readjustment for
R$ 18.00 (7/29/05) Bandeirante – R$ Earnings Release
170 (7/13/05) 22.70 (10/18/05) 3Q05 – R$ 22.00 40,000
(10/26/05)
150 30,000
130 20,000
110 10,000
90 0
7/12/2005 8/2/2005 8/23/2005 9/14/2005 10/5/2005 10/27/2005 11/21/2005 12/12/2005 1/3/2006 1/24/2006 2/15/2006
Volume R$ ENBR3 ENBR3 Ibovespa IEE
Variation % ENBR3 Ibovespa
July (since 7/13/2005) +21.4% +0.7%
August +13.0% +7.7%
September +5.0% +11.6%
October -13.8% -4.4%
November +18.3% +5.7%
December +3,4 +4.8
Accumulated until 12/30/2005 +52.2% +29.4%
January 2006 +22.3 +14.7
Accumulated until 02/16/2006 +73.3% +49.8%
22
23. 2005 Earnings Result - Conference Call
February, 2006
www.energiasdobrasil.com.br