This document provides an overview of Eletropaulo, the largest electricity distribution company in Latin America. It includes a corporate structure chart and highlights from the first half of 2007. Some key points:
- Eletropaulo serves over 5.6 million customers across 24 municipalities in Greater São Paulo.
- Adjusted EBITDA for 1H07 was R$1.294 billion, up 3.2% from 1H06. Net profit increased 122.7% to R$505.5 million.
- ANEEL authorized an average tariff reduction of 8.43% for Eletropaulo effective July 2007 following a tariff review.
- Operating highlights for
This document summarizes Brasiliana's 3rd quarter 2006 results. Key highlights include a 26% increase in adjusted EBITDA compared to the first 9 months of 2005, net profit of R$274.4 million compared to a loss in the same period last year, and a tariff adjustment of 11.45% granted in July 2006. The document also discusses the company's operating performance, financial performance, capital expenditures, debt profile, and conclusions.
Citi's 3rd Annual Brazil Equity ConferenceAES Tietê
- AES Brasil Group is one of Brazil's largest private power companies, serving over 7 million clients through distribution and generation businesses.
- In 2009, AES Brasil had net income of R$1.9 billion and EBITDA of R$3.2 billion.
- AES Eletropaulo is Brazil's largest electricity distribution company by number of clients, serving over 5.9 million clients in the São Paulo metropolitan region. In the first quarter of 2010, AES Eletropaulo had net revenue of R$2.1 billion and EBITDA of R$341 million.
The document discusses AES Brasil Group, which serves 7 million clients through its various electricity distribution companies in Brazil. It had revenues of R$3.2 billion and net income of R$1.9 billion in 2009. AES Eletropaulo is one of its key subsidiaries. It is the largest electricity distribution company in Latin America, serving 5.9 million consumption units in the wealthy São Paulo metropolitan area through 46,000 km of lines.
Santander - 14th annual latin American CEO ConferenceAES Tietê
AES Brasil is a large electricity distribution company operating in Brazil. In 9M09, it had net revenue of R$5.9 billion and EBITDA of R$1.7 billion. It serves 5.9 million customers across 24 municipalities in the São Paulo metropolitan region. AES Brasil has invested over R$5 billion since privatization and continues to invest in expanding and maintaining its network to improve reliability and reduce losses. It paid R$663 million in dividends in 2009.
The document provides an overview of AES Brasil Group, which has 7 million clients and 6,000 employees in Brazil. In 2008, AES Brasil had R$3.2 billion in EBITDA and R$1.7 billion in net income. It discusses AES Brasil's investments, market share, subsidiaries, and shareholding structure. The second part summarizes key metrics for AES Eletropaulo including operating and financial results for 2008-2009.
Apresentao Institucional 4 T09 Eng Final 18032010AES Eletropaulo
The document provides an overview of AES Brasil Group, which has 6,000 employees and serves 7 million clients. In 2009, AES Brasil had net revenue of R$8.05 billion and net income of R$1.06 billion. The document discusses AES Eletropaulo, the largest electricity distribution company in Latin America, and AES Tietê, which generates hydroelectric power. Both companies have continued to invest in infrastructure and expand operations.
The document summarizes the corporate structure and hydroelectric power plant assets of AES Tietê, a Brazilian energy company. AES Tietê operates 10 hydroelectric power plants located along rivers in the state of São Paulo under 30-year concession agreements. The plants have a total installed capacity of 2,651 MW and AES Tietê sells 100% of the assured energy production of 1,275 MW on long-term contracts. Over the last 20 years, AES Tietê has consistently generated 18% more energy than the minimum assured amounts in the concession agreements.
The document provides an overview of AES Brasil Group, including:
1) Market share information for distribution and generation companies.
2) Shareholding structure details for AES Brasil Group and its subsidiaries.
3) Key operating and financial metrics for AES Eletropaulo, including consumption trends, investments, SAIDI/SAIFI indexes, costs and expenses, EBITDA, net income, dividends paid, and debt profile.
This document summarizes Brasiliana's 3rd quarter 2006 results. Key highlights include a 26% increase in adjusted EBITDA compared to the first 9 months of 2005, net profit of R$274.4 million compared to a loss in the same period last year, and a tariff adjustment of 11.45% granted in July 2006. The document also discusses the company's operating performance, financial performance, capital expenditures, debt profile, and conclusions.
Citi's 3rd Annual Brazil Equity ConferenceAES Tietê
- AES Brasil Group is one of Brazil's largest private power companies, serving over 7 million clients through distribution and generation businesses.
- In 2009, AES Brasil had net income of R$1.9 billion and EBITDA of R$3.2 billion.
- AES Eletropaulo is Brazil's largest electricity distribution company by number of clients, serving over 5.9 million clients in the São Paulo metropolitan region. In the first quarter of 2010, AES Eletropaulo had net revenue of R$2.1 billion and EBITDA of R$341 million.
The document discusses AES Brasil Group, which serves 7 million clients through its various electricity distribution companies in Brazil. It had revenues of R$3.2 billion and net income of R$1.9 billion in 2009. AES Eletropaulo is one of its key subsidiaries. It is the largest electricity distribution company in Latin America, serving 5.9 million consumption units in the wealthy São Paulo metropolitan area through 46,000 km of lines.
Santander - 14th annual latin American CEO ConferenceAES Tietê
AES Brasil is a large electricity distribution company operating in Brazil. In 9M09, it had net revenue of R$5.9 billion and EBITDA of R$1.7 billion. It serves 5.9 million customers across 24 municipalities in the São Paulo metropolitan region. AES Brasil has invested over R$5 billion since privatization and continues to invest in expanding and maintaining its network to improve reliability and reduce losses. It paid R$663 million in dividends in 2009.
The document provides an overview of AES Brasil Group, which has 7 million clients and 6,000 employees in Brazil. In 2008, AES Brasil had R$3.2 billion in EBITDA and R$1.7 billion in net income. It discusses AES Brasil's investments, market share, subsidiaries, and shareholding structure. The second part summarizes key metrics for AES Eletropaulo including operating and financial results for 2008-2009.
Apresentao Institucional 4 T09 Eng Final 18032010AES Eletropaulo
The document provides an overview of AES Brasil Group, which has 6,000 employees and serves 7 million clients. In 2009, AES Brasil had net revenue of R$8.05 billion and net income of R$1.06 billion. The document discusses AES Eletropaulo, the largest electricity distribution company in Latin America, and AES Tietê, which generates hydroelectric power. Both companies have continued to invest in infrastructure and expand operations.
The document summarizes the corporate structure and hydroelectric power plant assets of AES Tietê, a Brazilian energy company. AES Tietê operates 10 hydroelectric power plants located along rivers in the state of São Paulo under 30-year concession agreements. The plants have a total installed capacity of 2,651 MW and AES Tietê sells 100% of the assured energy production of 1,275 MW on long-term contracts. Over the last 20 years, AES Tietê has consistently generated 18% more energy than the minimum assured amounts in the concession agreements.
The document provides an overview of AES Brasil Group, including:
1) Market share information for distribution and generation companies.
2) Shareholding structure details for AES Brasil Group and its subsidiaries.
3) Key operating and financial metrics for AES Eletropaulo, including consumption trends, investments, SAIDI/SAIFI indexes, costs and expenses, EBITDA, net income, dividends paid, and debt profile.
CTEEP announced its results for the third quarter of 2011. Net operating revenue increased 29.8% compared to the previous quarter and 44.4% compared to the same quarter of the previous year. EBITDA grew 52.8% over the previous quarter and 39.9% over the same quarter last year. Net income increased 72.0% over the previous quarter and 41.3% over the third quarter of 2010. CTEEP's annual allowed revenue was also increased by 14.1% for the 2011/2012 cycle by ANEEL, Brazil's energy regulator.
CTEEP, a leading Brazilian electricity transmission company, reported its 3Q09 results. Net revenue was down 1.9% year-over-year to R$440.4 million due to lower transmission volumes. EBITDA fell 2.9% to R$352.9 million, with margins of 80.1%. Net income declined slightly by 0.4% to R$218.7 million. The company maintained a strong capital structure and optimized its debt profile in the quarter. CTEEP continues to focus on providing efficient transmission services while delivering value to its shareholders.
The document provides an overview of AES Brasil Group, which has a presence in Brazil since 1997 across various energy sectors. It comprises seven companies with investments totaling R$6.9 billion from 1998-2010. AES Brasil has over 7,600 employees and practices good corporate governance and sustainability. It has a strong cash generation capacity and differentiated dividend practices among its companies. The document also summarizes AES Tietê and AES Eletropaulo, the two largest companies within AES Brasil Group.
The document summarizes information about Eletropaulo, Brazil's largest electricity distribution company. It discusses Eletropaulo's history, shareholding structure, concession area in Sao Paulo which accounts for a significant portion of Brazil's population and energy consumption, consumer market profile including growth in consumption and revenues, and tariff adjustments. The conclusion section was not included in the summary.
AES Brasil has been operating in Brazil since 1997 and comprises seven companies in the sectors of energy generation, distribution, trade and telecommunications. It has invested $6.9 billion since 1998 and employs 7,600 people. AES Brasil has a strong focus on good governance, sustainability, safety, and shareholder returns through high dividend payouts. It is recognized as a leader in quality, management excellence, and environmental stewardship. AES Brasil is the second largest electricity group in Brazil and operates primarily in generation and distribution.
The document reports on the results of an education activation trial program run in two schools in Balikpapan to increase beverage sales volumes in the education channel. The program included banners, vouchers, movie tickets, and mouse pads as prizes to incentivize students to purchase beverage products. The evaluation found the program increased sales volumes by over 100% in both schools compared to targets, with the largest growth in PET 425 bottle sales.
CTEEP reported net income of R$200.5 million for the second quarter of 2011, up 5.2% from the second quarter of 2010. Net operating revenue increased 37.3% year-over-year to R$690.7 million for the quarter. CTEEP is the leading private sector electricity transmission company in Brazil, operating over 12,000 km of transmission lines across 12 states.
CTEEP, a leading Brazilian electricity transmission company, reported its 2Q09 results. Net revenue increased 14.9% year-over-year to R$419.9 million due to a rise in transmission tariffs. EBITDA grew 17.9% to R$354.7 million, maintaining a strong EBITDA margin of 84.5%. Net income increased 14.9% to R$232.4 million. The company continued to optimize its capital structure and completed a capital increase and third commercial paper issue during the quarter. CTEEP remains focused on delivering reliable service while generating strong returns for shareholders.
- AES Eletropaulo's operational and financial results for 2Q11 were positively impacted by higher energy consumption in the captive and free markets as well as lower losses. Investments increased 23% compared to 2Q10.
- EBITDA grew 4.2% to R$525 million in 2Q11 compared to 2Q10, excluding one-time effects. Net income increased 6.1% to R$255 million also excluding one-time impacts.
- Operational indicators like SAIDI and SAIFI improved due to investments in maintenance and pruning, reducing interruptions by 17% and 14% respectively over the last 12 months.
Nd roadshow santander e conferência itaú ny engAES Eletropaulo
The document provides an overview of AES Brasil Group, which operates in the energy generation, distribution, trade and telecommunications sectors in Brazil. It discusses AES Brasil's presence since 1997, investments of $6.9 billion from 1998-2010, and its focus on good governance, sustainability, and safety. The document also summarizes recognition received by AES Brasil companies in 2009-2010 for quality, management excellence, and environmental concern. It then reviews the shareholding and capital structures of key AES Brasil companies.
- AES Eletropaulo's energy consumption increased in the captive and free markets in 2Q11 compared to 2Q10. Losses decreased and reliability indices SAIDI and SAIFI improved.
- EBITDA increased 4.2% in 2Q11 over 2Q10, excluding one-time effects. Net income increased 6.1% when excluding one-time impacts.
- Interim dividends of R$291 million were distributed, representing 50% of 1H11 results. The tariff reset was postponed to an undefined date due to the regulatory methodology still being determined.
- The document discusses Latin Energy, Brazil's largest electricity distribution company. It summarizes Latin Energy's shareholding structure, concession area, market and operational performance, tariff adjustments, and financial results.
- Latin Energy has a large concession area in Brazil with over 16 million people and distributes over 35,000 GWh per year. It has seen increased energy consumption and revenue.
- Tariffs are adjusted annually with periodic reviews to reposition rates every 5 years to balance required and actual revenue.
Itaú bba 8th annual lat am ceo conference in nyAES Eletropaulo
1) AES Brasil is a major player in Brazil's electricity sector with over 7.7 million customers, 20.2 million people served, and 54.4 TWh of energy distributed annually. It has invested $9.4 billion from 1998-2012.
2) AES Tietê is AES Brasil's hydroelectric power generation business with 2,658 MW of installed capacity. It supplies energy to AES Eletropaulo through 2015 and is expanding its customer portfolio for the free market post-2015.
3) In 1Q13, 89% of AES Tietê's net revenues and 73% of its energy sales came from its contract with AES Eletropaulo. It
The document discusses a study on the effects of meditation on the brain and behavior. Brain scans showed increased activity in areas associated with attention, introspection, and sensory processing for experienced meditators compared to novices. Meditation was also linked to improvements in sustained attention, memory, empathy, and stress levels.
AES Brasil Group operates in the energy generation and distribution sectors in Brazil, with investments totaling R$6.9 billion between 1998-2010. It comprises four companies, including AES Tietê which is the 2nd largest private electricity generator in Brazil, and AES Eletropaulo, which distributes 43 TWh and is the largest distribution group in the country. AES Brasil has received recognition for its management excellence, quality, safety, and environmental practices.
The document provides a 3-paragraph summary of a utility company's performance in 2007:
(1) The company's customer base grew slightly to over 39,000 customers in 2007, with captive customers making up over 80% of the total. Revenue increased slightly to over $11.2 million in 2007.
(2) Operating expenses increased in 2007 due to higher energy purchase and transportation costs. Adjusted EBITDA declined slightly to $2.3 million in 2007.
(3) Net debt declined from 2006 to 2007 as short term debt was paid down. Key financial ratios remained stable with average debt maturity of over 5 years.
The document provides an overview of AES Brasil Group, which has been operating in Brazil since 1997. It details AES Brasil's operational figures including 7.7 million consumption units, 53.6 TWh of distributed energy, and 2,658 MW of installed capacity. It also discusses AES Brasil's mission of providing safe, reliable, and sustainable energy solutions. Additionally, the document outlines AES Brasil's involvement in social responsibility programs and its position as the second largest electricity generation and distribution group in Brazil.
- The document provides results for Eletropaulo for 3rd quarter 2004 including financial, operational and market performance.
- Key highlights were an 18.6% tariff adjustment, 21.9% increase in net revenue vs 3Q03, 24.7% increase in EBITDA vs 2Q04, and higher expenses related to energy purchases and sector charges offsetting some revenue gains.
- Debt levels increased with more long-term debt and foreign currency exposure hedged. Investment levels remained consistent with prior periods focused on maintenance and customer service.
- Energy consumption increased 10% vs 2Q04 and 20% vs 3Q03 due to tariff adjustments and market growth while retention of free consumers
The document discusses electricity consumption and billing in Brazil, showing charts that compare residential, industrial, and commercial consumption from 2004 to 2005, as well as net revenues and the impact of various taxes. It also examines the privatization of the electricity sector and the evolution of short-term and long-term debt for distributors from 2003 to the second quarter of 2005.
The document provides an overview of AES Brasil Group, one of the largest power companies in Brazil. It details AES Brasil's operational figures including consumption units, distributed energy, installed capacity, and generated energy. It also discusses AES Brasil's recognition for management excellence, quality and safety, and environmental concern. Finally, it summarizes AES Brasil's mission, social responsibility investments, shareholding structure, and position as the second largest group in Brazil's electric sector.
- Adjusted EBITDA was R$558.9 million in 3Q07, 15.2% lower than 3Q06. Net profit was R$197.6 million, R$150.3 million higher than 3Q06.
- Average tariff decreased by 8.43% in 3Q07 due to tariff reset. Dividends of R$487.8 million were paid for 1H07 earnings.
- A R$600 million debenture issue was made in October to repay an earlier debenture issue. A voluntary dismissal program was also announced.
CTEEP announced its results for the third quarter of 2011. Net operating revenue increased 29.8% compared to the previous quarter and 44.4% compared to the same quarter of the previous year. EBITDA grew 52.8% over the previous quarter and 39.9% over the same quarter last year. Net income increased 72.0% over the previous quarter and 41.3% over the third quarter of 2010. CTEEP's annual allowed revenue was also increased by 14.1% for the 2011/2012 cycle by ANEEL, Brazil's energy regulator.
CTEEP, a leading Brazilian electricity transmission company, reported its 3Q09 results. Net revenue was down 1.9% year-over-year to R$440.4 million due to lower transmission volumes. EBITDA fell 2.9% to R$352.9 million, with margins of 80.1%. Net income declined slightly by 0.4% to R$218.7 million. The company maintained a strong capital structure and optimized its debt profile in the quarter. CTEEP continues to focus on providing efficient transmission services while delivering value to its shareholders.
The document provides an overview of AES Brasil Group, which has a presence in Brazil since 1997 across various energy sectors. It comprises seven companies with investments totaling R$6.9 billion from 1998-2010. AES Brasil has over 7,600 employees and practices good corporate governance and sustainability. It has a strong cash generation capacity and differentiated dividend practices among its companies. The document also summarizes AES Tietê and AES Eletropaulo, the two largest companies within AES Brasil Group.
The document summarizes information about Eletropaulo, Brazil's largest electricity distribution company. It discusses Eletropaulo's history, shareholding structure, concession area in Sao Paulo which accounts for a significant portion of Brazil's population and energy consumption, consumer market profile including growth in consumption and revenues, and tariff adjustments. The conclusion section was not included in the summary.
AES Brasil has been operating in Brazil since 1997 and comprises seven companies in the sectors of energy generation, distribution, trade and telecommunications. It has invested $6.9 billion since 1998 and employs 7,600 people. AES Brasil has a strong focus on good governance, sustainability, safety, and shareholder returns through high dividend payouts. It is recognized as a leader in quality, management excellence, and environmental stewardship. AES Brasil is the second largest electricity group in Brazil and operates primarily in generation and distribution.
The document reports on the results of an education activation trial program run in two schools in Balikpapan to increase beverage sales volumes in the education channel. The program included banners, vouchers, movie tickets, and mouse pads as prizes to incentivize students to purchase beverage products. The evaluation found the program increased sales volumes by over 100% in both schools compared to targets, with the largest growth in PET 425 bottle sales.
CTEEP reported net income of R$200.5 million for the second quarter of 2011, up 5.2% from the second quarter of 2010. Net operating revenue increased 37.3% year-over-year to R$690.7 million for the quarter. CTEEP is the leading private sector electricity transmission company in Brazil, operating over 12,000 km of transmission lines across 12 states.
CTEEP, a leading Brazilian electricity transmission company, reported its 2Q09 results. Net revenue increased 14.9% year-over-year to R$419.9 million due to a rise in transmission tariffs. EBITDA grew 17.9% to R$354.7 million, maintaining a strong EBITDA margin of 84.5%. Net income increased 14.9% to R$232.4 million. The company continued to optimize its capital structure and completed a capital increase and third commercial paper issue during the quarter. CTEEP remains focused on delivering reliable service while generating strong returns for shareholders.
- AES Eletropaulo's operational and financial results for 2Q11 were positively impacted by higher energy consumption in the captive and free markets as well as lower losses. Investments increased 23% compared to 2Q10.
- EBITDA grew 4.2% to R$525 million in 2Q11 compared to 2Q10, excluding one-time effects. Net income increased 6.1% to R$255 million also excluding one-time impacts.
- Operational indicators like SAIDI and SAIFI improved due to investments in maintenance and pruning, reducing interruptions by 17% and 14% respectively over the last 12 months.
Nd roadshow santander e conferência itaú ny engAES Eletropaulo
The document provides an overview of AES Brasil Group, which operates in the energy generation, distribution, trade and telecommunications sectors in Brazil. It discusses AES Brasil's presence since 1997, investments of $6.9 billion from 1998-2010, and its focus on good governance, sustainability, and safety. The document also summarizes recognition received by AES Brasil companies in 2009-2010 for quality, management excellence, and environmental concern. It then reviews the shareholding and capital structures of key AES Brasil companies.
- AES Eletropaulo's energy consumption increased in the captive and free markets in 2Q11 compared to 2Q10. Losses decreased and reliability indices SAIDI and SAIFI improved.
- EBITDA increased 4.2% in 2Q11 over 2Q10, excluding one-time effects. Net income increased 6.1% when excluding one-time impacts.
- Interim dividends of R$291 million were distributed, representing 50% of 1H11 results. The tariff reset was postponed to an undefined date due to the regulatory methodology still being determined.
- The document discusses Latin Energy, Brazil's largest electricity distribution company. It summarizes Latin Energy's shareholding structure, concession area, market and operational performance, tariff adjustments, and financial results.
- Latin Energy has a large concession area in Brazil with over 16 million people and distributes over 35,000 GWh per year. It has seen increased energy consumption and revenue.
- Tariffs are adjusted annually with periodic reviews to reposition rates every 5 years to balance required and actual revenue.
Itaú bba 8th annual lat am ceo conference in nyAES Eletropaulo
1) AES Brasil is a major player in Brazil's electricity sector with over 7.7 million customers, 20.2 million people served, and 54.4 TWh of energy distributed annually. It has invested $9.4 billion from 1998-2012.
2) AES Tietê is AES Brasil's hydroelectric power generation business with 2,658 MW of installed capacity. It supplies energy to AES Eletropaulo through 2015 and is expanding its customer portfolio for the free market post-2015.
3) In 1Q13, 89% of AES Tietê's net revenues and 73% of its energy sales came from its contract with AES Eletropaulo. It
The document discusses a study on the effects of meditation on the brain and behavior. Brain scans showed increased activity in areas associated with attention, introspection, and sensory processing for experienced meditators compared to novices. Meditation was also linked to improvements in sustained attention, memory, empathy, and stress levels.
AES Brasil Group operates in the energy generation and distribution sectors in Brazil, with investments totaling R$6.9 billion between 1998-2010. It comprises four companies, including AES Tietê which is the 2nd largest private electricity generator in Brazil, and AES Eletropaulo, which distributes 43 TWh and is the largest distribution group in the country. AES Brasil has received recognition for its management excellence, quality, safety, and environmental practices.
The document provides a 3-paragraph summary of a utility company's performance in 2007:
(1) The company's customer base grew slightly to over 39,000 customers in 2007, with captive customers making up over 80% of the total. Revenue increased slightly to over $11.2 million in 2007.
(2) Operating expenses increased in 2007 due to higher energy purchase and transportation costs. Adjusted EBITDA declined slightly to $2.3 million in 2007.
(3) Net debt declined from 2006 to 2007 as short term debt was paid down. Key financial ratios remained stable with average debt maturity of over 5 years.
The document provides an overview of AES Brasil Group, which has been operating in Brazil since 1997. It details AES Brasil's operational figures including 7.7 million consumption units, 53.6 TWh of distributed energy, and 2,658 MW of installed capacity. It also discusses AES Brasil's mission of providing safe, reliable, and sustainable energy solutions. Additionally, the document outlines AES Brasil's involvement in social responsibility programs and its position as the second largest electricity generation and distribution group in Brazil.
- The document provides results for Eletropaulo for 3rd quarter 2004 including financial, operational and market performance.
- Key highlights were an 18.6% tariff adjustment, 21.9% increase in net revenue vs 3Q03, 24.7% increase in EBITDA vs 2Q04, and higher expenses related to energy purchases and sector charges offsetting some revenue gains.
- Debt levels increased with more long-term debt and foreign currency exposure hedged. Investment levels remained consistent with prior periods focused on maintenance and customer service.
- Energy consumption increased 10% vs 2Q04 and 20% vs 3Q03 due to tariff adjustments and market growth while retention of free consumers
The document discusses electricity consumption and billing in Brazil, showing charts that compare residential, industrial, and commercial consumption from 2004 to 2005, as well as net revenues and the impact of various taxes. It also examines the privatization of the electricity sector and the evolution of short-term and long-term debt for distributors from 2003 to the second quarter of 2005.
The document provides an overview of AES Brasil Group, one of the largest power companies in Brazil. It details AES Brasil's operational figures including consumption units, distributed energy, installed capacity, and generated energy. It also discusses AES Brasil's recognition for management excellence, quality and safety, and environmental concern. Finally, it summarizes AES Brasil's mission, social responsibility investments, shareholding structure, and position as the second largest group in Brazil's electric sector.
- Adjusted EBITDA was R$558.9 million in 3Q07, 15.2% lower than 3Q06. Net profit was R$197.6 million, R$150.3 million higher than 3Q06.
- Average tariff decreased by 8.43% in 3Q07 due to tariff reset. Dividends of R$487.8 million were paid for 1H07 earnings.
- A R$600 million debenture issue was made in October to repay an earlier debenture issue. A voluntary dismissal program was also announced.
The document provides an overview of AES Brasil, a leading energy company in Brazil. AES Brasil has over 7 million consumption units, 53.6 TWh of distributed energy, and 2,658 MW of installed capacity. It has over 7,400 employees and has invested $8.1 billion from 1998-2011. AES Brasil includes distribution companies like AES Eletropaulo and AES Sul, and generation companies like AES Tietê. It discusses the company's operations, investments in social responsibility, recognition awards, shareholding structure, and positioning in the Brazilian energy market.
Eletropaulo reported higher operational and financial results in 1Q10 compared to 1Q09. Key highlights include a 5.2% increase in captive market consumption, lower commercial losses, and a 6.8% increase in net income. Cash generation was 113% higher due to consumption growth and a tariff readjustment. Standard & Poor's raised Eletropaulo's credit ratings. The company issued R$800 million in debentures to refinance debt and fund investments. Overall, 1Q10 results showed improved performance driven by higher consumption and tariff increases.
The document discusses AES Brasil Group, which serves 7 million clients through its various electricity distribution companies in Brazil. It had revenues of R$3.2 billion and net income of R$1.9 billion in 2009. AES Eletropaulo is one of its key subsidiaries. It is the largest electricity distribution company in Latin America, serving 5.9 million consumption units in the wealthy São Paulo Metropolitan region. It had revenues of R$6.7 billion in 2007, making it the largest distributor by that metric.
Citi's 3rd Annual Brazil Equity Conference_ENGAES Tietê
The document discusses AES Brasil Group, which serves 7 million clients through its various electricity distribution companies in Brazil. It had revenues of R$3.2 billion and net income of R$1.9 billion in 2009. AES Eletropaulo is its largest distribution company, serving 5.9 million clients in the São Paulo metropolitan region, with revenues of R$6.7 billion, making it the largest electricity distributor in Latin America by revenue.
Citi's 3rd Annual Brazil Equity Conference_EngAES Eletropaulo
- AES Brasil Group is one of Brazil's largest private power companies, serving over 7 million clients through distribution and generation businesses.
- In 2009, AES Brasil Group reported R$3.2 billion in EBITDA and R$1.9 billion in net income.
- AES Eletropaulo is AES Brasil Group's largest distribution business, serving over 5.9 million clients in the São Paulo metropolitan region. In the first quarter of 2010, AES Eletropaulo reported R$341 million in EBITDA.
The document provides an overview of AES Brasil Group, which has 6,000 employees and serves 7 million clients. In 2009, AES Brasil had net revenue of R$8.05 billion and net income of R$1.06 billion. The document focuses on two key subsidiaries, AES Eletropaulo and AES Tietê. AES Eletropaulo is the largest electricity distributor in Latin America, serving the São Paulo metropolitan region. AES Tietê operates 10 hydroelectric plants in São Paulo with total installed capacity of 2,657 MW. Both companies have steadily increased revenue and earnings in recent years through investments, operational improvements, and regulated tariff adjustments.
AES Brasil is a large energy company operating in Brazil since 1997. It is comprised of four companies involved in energy generation and distribution, with over 7,000 employees. From 1998-2011, AES Brasil invested $8.1 billion in Brazil. It has strong corporate governance and sustainability practices. AES Brasil has a large market share in both electricity generation and distribution in Brazil.
The document summarizes the 2006 results of an energy company. Some key highlights include:
1) Adjusted EBITDA was R$2.49 billion in 2006, 16.7% higher than 2005. Net profit was R$373.4 million compared to a loss in 2005.
2) Debt was reduced by 19.8% and credit ratings were increased.
3) The captive electricity market grew 5.1% excluding free consumers. Total market increased 4.6% to 38,183 GWh.
4) Technical and commercial losses decreased while collection rates remained steady at over 99%. Fraud detection and clandestine connections were reduced.
The document provides an overview of AES Brasil Group, a company present in Brazil since 1997 comprised of four companies in the energy generation and distribution sectors. It details AES Brasil's investments, governance practices, recognition awards, dividend policies, shareholding structure, financial performance compared to other Brazilian energy companies, and position as one of the largest private energy generators and distributors in Brazil.
Transmissão Paulista reported its financial results for 2007, with key highlights including:
- Net income increased 7.7% to R$1.315 billion in 2007 from R$1.221 billion in 2006.
- EBITDA grew substantially to R$1.129 billion in 2007 from R$230 million in 2006, an increase of 390.9%.
- Personnel expenses declined 38.6% from non-recurring effects in 2006 and 2007.
- Net earnings increased dramatically to R$855 million in 2007 from R$118 million in 2006, a rise of 626.5%.
- Distributed dividends increased significantly, with a base of R$200 million
Transmissão Paulista reported its 2007 financial results, which showed increases over 2006. Net income rose 7.7% to R$1.315 billion, while EBITDA increased 390.9% to R$1.129 billion. Personnel expenses declined 38.6% when adjusted for one-time effects. CTEEP operates over 12,000 km of transmission lines in São Paulo with high operational availability of 99.99% or above for its transmission assets.
AES Brasil is a major electricity distribution company in Brazil serving over 7 million customers. In the first 9 months of 2009, it achieved net revenue of R$5.9 billion and net income of R$538 million. It has investments of R$324 million in expanding and maintaining its network during this period. AES Brasil maintains strong operational and financial performance as demonstrated by its industry leading metrics.
AES Brasil is a large electricity distribution company operating in Brazil. In 9M09, it had net revenue of R$5.9 billion and EBITDA of R$1.7 billion. It serves 5.9 million customers across 24 municipalities in the São Paulo metropolitan region. AES Brasil has invested over R$5 billion since privatization and continues to invest in expanding and maintaining its network to improve reliability and reduce losses. It paid R$663 million in dividends in 2009.
This document provides a summary of CTEEP's 3Q09 results presentation. It includes sections on the company update, 3Q09 results, capital market performance, and capitalization of goodwill. Some key points:
- Net revenue was R$440.4 million in 3Q09, up 6.6% from 2Q09. Operating expenses increased 3.4% from 3Q08 mainly due to wage increases and contingencies costs.
- EBITDA was R$358.8 million in 3Q09, maintaining a strong margin of 81.5%.
- Net income was R$218.7 million in 3Q09, down slightly by 0.4% from 2Q
This document provides a summary of CTEEP's 3Q09 results presentation. It includes sections on the company update, 3Q09 results, capital market performance, and capitalization of goodwill. Some key highlights from the 3Q09 results section include:
- Net revenue was R$440.4 million, up 6.6% from 2Q09.
- EBITDA was R$358.8 million, up 1.7% from 2Q09, with a margin of 81.5%.
- Financial results showed a net expense of R$79.7 million, impacted by interest on debt.
- Net income was R$218.7 million, down slightly by 0.
CTEEP, a leading Brazilian electricity transmission company, reported its 3Q09 results. Net revenue was down 1.9% year-over-year to R$440.4 million due to lower transmission volumes. EBITDA fell 2.9% to R$352.9 million and net income declined slightly by 0.4% to R$218.7 million. The company maintained a strong balance sheet and optimized its capital structure by increasing its use of lower cost commercial papers. In the quarter, CTEEP also capitalized R$26.4 million of goodwill through a share issuance to its controlling shareholder.
This document provides an overview of AES Brasil Group, which has a presence in Brazil since 1997 across seven companies in the sectors of energy generation, distribution, trade and telecommunications. It details AES Brasil's investments, governance practices, recognition for management excellence and environmental concern. Charts show AES Brasil is the second largest group in the electric sector in Brazil based on EBITDA and net income in 2010. AES Tietê is an important private energy generator and AES Brasil is the largest distribution group in Brazil.
The document provides an overview of AES Brasil Group, a company operating in the energy generation and distribution sectors in Brazil since 1997. It discusses AES Brasil's investments, governance practices, recognition awards, dividend policies for its subsidiaries, shareholding structure, financial performance compared to other Brazilian energy companies, and the role of AES Tietê as a major private energy generator in Brazil. AES Brasil is the second largest group in the electric sector in Brazil by EBITDA and net income in 2010, and the largest electricity distribution group by consumption.
The document provides an overview of AES Brasil Group, a major electricity company in Brazil. It operates distribution companies serving over 7 million clients across several states. AES Brasil has invested $5 billion since privatization in 1998 and generated $3.2 billion in EBITDA in 2008. The document also outlines the shareholding structure and regulatory environment of Brazil's electricity sector. It concludes with an overview of AES Eletropaulo, the largest distribution company in Latin America serving the São Paulo metropolitan region.
AES Brasil Group is a large energy company in Brazil comprised of four companies in the sectors of energy generation and distribution. It has been operating in Brazil since 1997, and has invested $6.9 billion from 1998-2010. It employs over 7,400 people and has good corporate governance and sustainability practices. A significant portion of AES Tietê's billed energy and net revenues comes from its long-term bilateral contract to supply energy to AES Eletropaulo, Brazil's largest electricity distribution company.
1) AES Brasil Group is comprised of four companies operating in the energy generation and distribution sectors in Brazil since 1997, having invested $6.9 billion with over 7,400 employees following good governance and sustainability practices.
2) AES Brasil is the second largest group in the electric sector in Brazil in terms of EBITDA and net income in 2010, and AES Tietê is an important privately held generation company and the 10th largest overall.
3) AES Brasil is also the largest distribution group in Brazil, with AES Eletropaulo distributing 43 TWh, representing 10.3% of the national market in 2010, making it the largest private distributor.
demand perspectives
The document summarizes the AES Brasil Group and its companies in Brazil. It notes that AES Brasil has a presence in Brazil since 1997 through seven companies in the energy sector. It operates in generation, distribution, trade and telecommunications. Key points include over $5.8 billion invested from 1998-2009 and strong cash generation capacity. The document also provides an overview of AES Tietê and AES Eletropaulo, the largest generation and distribution companies respectively. It discusses the companies' concession areas, operational performance, investments and financial highlights. The energy sector outlook in Brazil is also summarized, with expected growth in GDP, electricity consumption and the generation matrix through 2019.
9M12
9M13
2010
2011
2012
9M12
9M13
Ebitda Margin
Net Revenue
Ebitda
1. AES Tietê is a leading private hydroelectric power generation company in Brazil with over 2,600 MW of installed capacity. It has a long-term power purchase agreement with AES Eletropaulo, Brazil's largest utility.
2. AES Eletropaulo is Brazil's largest utility, serving over 17 million customers in the metropolitan region of São Paulo. It has investment grade credit ratings and is focused on improving operational performance through investments in grid modernization and loss reduction
- AES Eletropaulo reported a 14% reduction in non-technical losses and a 5% reduction in SAIDI and SAIFI indicators in 3Q13 compared to the previous year. Investments totaled R$193 million focused on operational reliability and customer service.
- Revenue decreased 16.9% to R$3.12 billion due to a government mandated electricity cost reduction program, but was offset by a 2.7% growth in total consumption. Cost reduction programs led to a R$44 million decrease in expenses.
- EBITDA increased to R$142 million and net income was R$27 million, supported by cost reductions and market growth. Cash generation was positively impacted by improved
O documento resume os resultados financeiros e operacionais da empresa no 3T13, destacando: (1) redução de 14% nas perdas não técnicas e melhoria nos indicadores de qualidade como DEC e FEC; (2) investimentos de R$193 milhões focados em confiabilidade e serviços ao cliente; (3) crescimento de 2,7% no consumo total apoiado pelos mercados residencial e comercial.
In 2012, AES Eletropaulo saw a 1% increase in energy consumption but a decrease in operational metrics like SAIDI and SAIFI. Financial results were lower in 2012 with a 77% drop in EBITDA and 93% decrease in net income due to tariff reductions, higher energy costs, and one-time gains in 2011. The company invested R$831 million in 2012 focusing on maintenance, expansion and customer service. For 2013, AES Eletropaulo is focusing on efficiency initiatives to reduce costs and debt.
O documento apresenta os resultados financeiros e operacionais da empresa no 4T12 e ano de 2012. Os principais pontos são: investimentos de R$831 milhões em 2012, queda no EBITDA de 77% e lucro líquido de 93%, devido à revisão tarifária. Houve também redução nos índices DEC e FEC e aumento de 1% no consumo de energia.
The document summarizes the 3Q12 results of a company. Key points include:
- Operational improvements with decreases in SAIDI and SAIFI indices. Investments increased 10% to R$225 million.
- Financial results declined due to a 5% decrease in revenues from tariff adjustments, and higher energy costs. EBITDA decreased 83% to R$108 million and net income declined 96% to R$14 million.
- The company restructured debts, increasing average maturity to 7.2 years and reducing average costs. Covenants were also made more flexible considering regulatory assets/liabilities and IFRS changes.
O relatório resume os resultados do terceiro trimestre de 2012, com queda na receita e lucro líquido devido à revisão tarifária e aumento nos custos de compra de energia. Os índices de qualidade como DEC e FEC permaneceram abaixo dos limites regulatórios. A companhia também reestruturou sua dívida alongando prazos e reduzindo custos.
In the first quarter of 2013, AES Eletropaulo saw a 14% decrease in gross revenues due to a mandated 20% average tariff reduction. Key operational metrics like SAIDI and SAIFI showed improvements compared to prior periods. Adjusted EBITDA increased 35% year-over-year due to lower expenses in Parcel A and manageable costs growing slower than inflation. A provision for funds transferred from the CDE represented a 17% decrease in Parcel A expenses. Net income declined due to the tariff reset, but cash generation increased 27% with reduced Parcel A costs and expenses.
Apresentacao aes eletropaulo_1_t13_final - sem discursoAES Eletropaulo
O relatório resume os resultados do primeiro trimestre de 2013 da empresa, destacando: 1) redução de 13% no DEC e de 10% no FEC em comparação ao mesmo período do ano anterior; 2) geração de caixa de R$ 385 milhões, 27% superior ao primeiro trimestre de 2012; 3) Ebitda ajustado de R$ 209 milhões, 35% superior ao primeiro trimestre de 2012.
O documento fornece informações sobre as operações e projetos da AES Tietê, incluindo:
1) A AES Tietê opera usinas hidrelétricas que totalizam 2.658 MW de capacidade instalada. A empresa planeja investir R$ 719 milhões entre 2013-2017 para modernizar as usinas.
2) A empresa tem estratégia de crescimento focada em térmicas e eólicas. Dois projetos térmicos em desenvolvimento são o Termo São Paulo (550 MW) e o Termo Araraquara (579 MW).
3) O
6th annual citi brazil equity conference são pauloAES Eletropaulo
2012
1Q12
1Q13
2010
2011
2012
1Q12
1Q13
- AES Brasil is a major player in Brazil's electricity sector with over 7.7 million customers and over 20 million people served. It has invested $14.7 billion since 1997.
- AES Tietê is AES Brasil's hydroelectric power generation business with over 2,600 MW of installed capacity. It supplies over 11,000 GWh annually to distribution companies like AES Eletropaulo.
- AES Tietê has been expanding its customer portfolio in Brazil's evolving electricity market and aims to contract more energy directly in the
The document provides an overview of AES Brasil Group, which has been operating in Brazil since 1997. It details AES Brasil's operational figures including 7.7 million consumption units, 53.6 TWh of distributed energy, and 2,658 MW of installed capacity. It also discusses AES Brasil's mission of providing safe, reliable, and sustainable energy solutions. Additionally, the document outlines AES Brasil's social responsibility programs and its position as the second largest electricity generation and distribution group in Brazil.
A apresentação discute a revisão tarifária periódica da AES Eletropaulo, destacando: (1) os investimentos realizados entre 2007-2011; (2) os desafios para o próximo ciclo, incluindo metas de qualidade e investimentos futuros; (3) a composição da tarifa e a necessidade de adequar a base de remuneração regulatória.
AES Brasil Group is a major electricity company in Brazil that operates across generation, transmission, and distribution. It has over 7,000 employees, 8.1 billion reais in investments from 1998-2011, and generates over 13 TWh of energy annually from its 2,659 MW of installed capacity. Two of its main subsidiaries, AES Tietê and AES Eletropaulo, are recognized for management excellence, quality, safety, and environmental concern. AES Tietê operates 18 hydroelectric plants and AES Eletropaulo is the largest electricity distributor in Latin America, serving over 6 million customers in the São Paulo metropolitan area. Both companies have strong financial performance and distribute steady divid
O documento resume as informações sobre o grupo AES Brasil e suas subsidiárias AES Tietê e AES Eletropaulo. Apresenta dados operacionais e financeiros das empresas, incluindo investimentos, geração e distribuição de energia, reconhecimentos recebidos e estrutura acionária.
The document provides an overview of AES Brasil Group, which has been operating in Brazil since 1997, with 7.7 million consumption units, 53.6 TWh of distributed energy, and 2,658 MW of installed capacity. It details AES Brasil's operations across generation, transmission, distribution and service provision segments. The document also discusses AES Brasil's social responsibility programs, regulatory framework, the Brazilian energy sector landscape and AES Brasil's position as one of the largest players in the country.
The document provides an overview of AES Brasil Group, which operates in the energy generation, distribution, trade and telecommunications sectors in Brazil. Some key points:
- AES Brasil is the second largest group in the Brazilian electric sector based on 2009 EBITDA and net income.
- It has a presence in Brazil since 1997 and is comprised of seven companies with over 7,700 employees.
- AES Tietê is the group's main generation company and AES Eletropaulo is the largest distribution company in Latin America, serving the São Paulo metropolitan region.
- Both AES Tietê and AES Eletropaulo have long-term concessions and contracts in place and have been
O documento fornece um resumo do Grupo AES Brasil, descrevendo sua presença no Brasil desde 1997, seu portfólio de negócios em geração, distribuição e comercialização de energia, além de telecomunicações, com ênfase nas práticas de governança corporativa sustentável.
O documento fornece um resumo do Grupo AES Brasil, destacando sua presença no Brasil desde 1997, seu porte com 7,6 mil funcionários e investimentos de R$6,9 bilhões. Também descreve práticas de governança corporativa, sustentabilidade e foco em segurança nos negócios.
O documento resume as principais informações sobre o Grupo AES Brasil. O grupo está presente no Brasil desde 1997 e atua nos setores de geração, distribuição e comercialização de energia e telecomunicações, com 7,6 mil funcionários. O grupo é reconhecido por suas boas práticas de governança corporativa e sustentabilidade.
3. Corporate Structure
AES Holdings
BNDES
Brasil Ltda
C 49.99% C 50.01%
P 100.00% P 0.00%
T 53.84% T 46.15%
Cia. Brasiliana
de Energia
C 71.27%
C 100.00% C 100.00% C 98.26%
P 32.23%
T 100.00% T 100.00% T 98.26%
T 52.51%
P 7.38%
AES Uruguaiana
AES ELPA T 4.44%
Inc (Cayman) C = Common Shares
P = Preferred Shares
C 77.81% T = Total
C 100.00% P 0.00%
T 100.00% T 30.97%
AES Uruguaiana
AES Infoenergy Eletropaulo AES Tietê S.A.
Empreend. S.A.
3
4. Eletropaulo Overview
Concession Area
Present in 24 municipalities that make
up Greater São Paulo, including the
capital
42,359 Km of overhead and
underground Sub-transmission lines
Distribution Installed Capacity –
12,867 MVA
Directly employs about 4,336 people
Largest electricity distribution
Summary Operating and Financial Data company in Latin America in terms of
R$ million 2005 2006 1H07 revenues
Total Energy (GWh)( 1 ) 36,499 38,183 19,637 5.6 million of customers
Net Revenue 8,321 8,354 3,490 Last four-year net revenue compound
Adjusted EBITDA (2 )
2,145 2,491 1,294 average growth rate (CAGR) – 6.78%
Adjusted EBITDA Margin ( 2 ) 25.8% 29.8% 37.1% Total Assets of R$ 12.9 billion
Net Profit (155) 373 506 (1) Includes free customers.
(2) Adjusted EBITDA = EBITDA plus pension expense plus one-time charges plus RTE amortization.
4
5. Highlights
Adjusted EBITDA of R$ 1,294.3 million, 3.2% higher than 1H06
Net Profit of R$ 505.5 million, 122.7% higher than 1H06
End of contingency with CTEEP regarding CETEMEQ property (02/16/2007) -
Agreement's total amount of R$ 125.3 million
Rating increase by S&P (04/16/2007) – National Scale from A- to A, keeping the
international rating scale in BB-
Dividends Payment (05/03/2007) – Distribution of R$ 130.4 million relative to FY
1H07
2006 earnings
Renegotiation of R$ 300 million in CCBs (05/12/2007):
– average cost from CDI + 1.82% to CDI + 1.20%
– maturity extension from 6 to 8 years
Pis and Cofins (06/30/2007) – Change in Tiete's taxation system for energy purchase
to cumulative (3.65%) applied to the amounts of energy contracted by Eletropaulo since
July, 2004 – reimbursement of R$ 192.8 million to Eletropaulo
Asset Revaluation (06/30/2007): Increase of R$ 1,537.2 million in total fixed assets
ANEEL authorized Eletropaulo a tariff review average index of -8.43%, applicable to the
Company’s tariff as from July 4th, 2007
Subsequent Events Approved in 08/10/2007 the intermediary dividends distribution relative to 1H07, no valor
de R$ 487.8 million
5
7. Market
Consumption Comparison in GWh
% Total Market (2Q07)
Captive Consumers
18.7%
+3.9%
1.1% Free Clients
19,637
80.2% 18,895
Potentially Free Clients +1.9%
15,742 16,045
+5.2%
+2.2%
6,222 6,548
+13.9%
-4.9% 4,993 5,101
3,310 3,146 +2.6% 3,153 3,591
1,218 1,250
Residential Industrial Commercial Public Sector and Free Clients Captive Market Total Market
Others
NOTE: Charts do not consider own consumption 1H06 1H07 7
8. Eletropaulo Energy Supply
100%
80% 1H07 – Energy Supply
60%
2.4% Gas
40%
Hydro 0.6% Biomass
96.0% 1.0% Others
20%
0%
2004 2005 2006 1H07
Proinfa (Alternative Sources)
Auctions
Others Bilateral Contracts Contracting strategy:
Bilateral Contract with Tietê – 100% to 103% of total demand
Initial Contracts
Itaipu
8
9. Operating Highlights
Loss Evolution (%) Collection Rate: % over Gross Revenue
+0.67%
+0.16%
13.53 99.00 99.10 99.04 99.70
12.91 97.50
11.99 12.16 12.18
7.04 6.42 5.50 5.67 5.69
6.49 6.49 6.49 6.49 6.49
2004 2005 2006 1H06 1H07
2004 2005 2006 1H06 1H07
Technical Losses Commercial Losses
Fraud and Clandestine Connections (1H07) Collection Rate (1H07)
– 150.0 thousand inspections and 14.0 thousand – Public Sector: 102.9%
frauds detected
– Private Sector: 99.5%
– 35.0 thousand clandestine connections regularized
Cuts and Reconnections – monthly average
(2Q06 x 2Q07)
– Cuts - decrease from 106,000 to 118,000
– Reconnections – increase from 70,000 to 71,000
9
10. DEC and FEC
12.57 12.79
12.38
11.81 Nov/05 up to Mar/06
11.34
8.95
8.68 8.66 8.61 8.49
8.21
6.91
8.94
6.41
9.08
6.83
7.87
5.52
8.49
5.80
Nov/06 up to Mar/07
2003 2004 2005 2006 1H07
DEC (hours) FEC (times) DEC Aneel Standard* FEC Aneel Standard*
DEC e FEC current levels are lower than Aneel limits
No penalties in any of 58 electric clusters in 2006 and 1H07
1H07: Storms in Summer and on atypical months (April and May)
2H07 actions:
– Speed-up maintenance plan for total implementation before Summer
– Reinforce strategy on emergency attendance DEC: Cuts Duration
(*) Average of ANEEL Standard established for each one from the 58 clusters FEC: Cuts Frequency
Source: ANEEL, Eletropaulo and INPE 10
11. Investments
1H07: R$ 193.2 million
R$ million
7%
404
378 10%
49 36%
330 58
33
18%
193
355 15% 14%
28
319
297
165
Custumer Service and System Expansion
Information Technology
2004 2005 2006 1H07 Sefl - Financed
Capex Self - Financed Maintenance
Loss Recovery
Others
11
12. Tariff Reset 2007
2nd Cycle
ANEEL authorized a tariff review index of -8.43%, applicable to
the tariff as from July 4th, 2007:
R$ million
PART A 5,428.99
PART B 2,089.02
NET RAB: WACC (pre-tax):
(pre-
Remuneration 708.59 4,700.20 15.08%
Reference Company 852.50
Bad Debts 49.45
GROSS RAB: Depreciation Rate:
Depreciaciation 478.48 11,101.62 4.31%
Other Revenues (42.62)
Requeried Revenue 7,475.39
X Factor = 2.42%
Verified Revenue 8,118.40
Req. Revenue / Ver. Revenue -7.92%
Financial Effects (38.44)
Financial Effects -0.51%
Total Tariff Reset -8.43%
12
14. Results
Gross Revenue Operating Expenses
R$ million R$ million
+6.1% +3.5%
5,723 2,564 2,654
5,393
342
514
2,233
2,036 +9.2%
+1.9%
2,964 1,565
2,714 1,386 1,264 1,289
1,150 295 161
1,004
3,357 3,490 703
664
1,710 1,814 747
664
306 425
1H06 1H07 2Q06 2Q07 1H06 1H07 2Q06 2Q07
Net Revenue Deduction of Operating Revenue Operating Expenses Energy Purchase Transport
Increase in the total market (captive + free Revaluation process of judicial deposits concluded in
consumers): 06/30/2007: increase of R$ 67.9 million on operating
expenses
– 1H07 x 1H06: 3.9%
– 2Q07 x 2Q06: 5.1% Energy Purchase Expense (2Q07 x 2Q06):
– Despite the reversal of R$ 178.2 million expenses in 2Q07, due to
Tariff adjustment of 11.45% applied since July 4th, the change in taxation system (PIS and Cofins) the expense
2006 increased R$ 39.1 million mainly explained by the:
– Reversal of R$ 145.4 million on extraordinary expenses in
2Q06;
– Increase of R$ 72.2 million in energy purchase from Itaipu,
Auctions and Proinfa in 2Q07
14
16. Results
Financial Result Net Profit
R$ million R$ million
18.7%
1H06 1H07 2Q06 2Q07 14.5% 11.8%
34.4 6.8%
9.0
505.5
+68.3%
+122.7%
340.0
227.0
201.9
(126.1)
1H06 1H07 2Q06 2Q07
(247.8)
Net Profit Net Margin
Improvement of the financial result due to: Intermediary dividends relative to the
– The increase in financial income: accumulated earnings of 1H07, in the value
Monetary Variation of R$ 70.6 million related to the
accrual of judicial deposits (non-recurring event) of R$ 487.8 million:
– The decrease of financial expenses: – R$ 11.00/’000 Voting Shares
Reduction of R$ 441.6 million on gross debt and a lower – R$ 12.10/’000 Non-Voting Shares
average cost (15.4% p.y. in Jun/06 to 12.6% p.y. in
Jun/07)
Real Appreciation of 11.0% on last 12 months applied to
Ex-Dividends date: 08/27/2007
Overseas II liability of the US$ 580.0 million
Dividends Payment date: 09/03/2007
16
17. Consolidated Debt
Short Term x Long Term
Gross Debt – 1H07
R$ million
-30.0%
- 9.9%
4,606 4,877 IGP-DI
4,435 4,256 4,435
21%
21%
53.5%
20%
20% 27%
27% 20%
20%
3,606
Fixed Rate
R$ million
2,979 2,979
11.8%
79%
79% 80%
80% 80%
80% CDI/Selic Libor
73%
73%
33.4% 1.3%
Pension Fund: R$ 2,373 million
1Q07 2Q07 1H06 1H07
Private Creditors: R$ 2,007 million
LP CP Dívida Líquida BNDES: R$ 55 million
Debt Highlights – last 12 months Average Cost and Average Life
5.44 5.48 5.46 5.50
Gross Debt: reduction of 9.1% (R$ 441.6 million) % 101.18%
97.27%
104.28% 102.63% 105.30% 5
% 4
Net Debt: reduction of 30.0% (R$ 1.3 billion) 3.90
% 3
Foreign Currency: 1.3% of total (Hedge of 99.7%) % 2
% 1
Amendment of CCB (R$ 300 million) – May, 2007:
% 0
– Reduction of average cost from CDI + 1.82% to CDI + 1.20% 2Q06 3Q06 4Q06 1Q07 2Q07
– Increase of average life from 3.5 to 5.5 years
Avg. Cost - % CDI* p.y. Avg. Life - years
*CDI index at the end of the period 17
18. Managerial Cash Flow
R$ million 2Q06 3Q06 4Q06 1Q07 2Q07
Initial Cash 358 619 767 1,166 1,301
Operating Cash Generation 653 725 741 634 738
Investments (88) (75) (85) (95) (94)
Net Financial Expenses (85) (176) (91) (187) (130)
Net Amortization (45) (158) (111) (71) (83)
Pension Fund Expenses (108) (85) (55) (48) (48)
Income Tax (67) (83) - (97) (99)
Dividends - - - - (130)
Free Cash Flow 261 148 399 135 155
Final Cash 619 767 1,166 1,301 1,457
Operating Cash Flow: increase in the net revenue billed as a result of the 5.9% rise in power
consumption over 1Q07
Financial Expenses: semi-annual payments of interest on 9th debenture issuance (R$ 18.2 million)
and CCB (R$ 21.1 million)
Dividends: payment of R$ 130.0 million on May 3rd, 2007 relative to FY 2006
18
19. Corporate Governance
Corporate Governance Level 2
– Since December 13th, 2004
– Class A Preferred Shares (ELPL5): tag along of 80%
– Class B Preferred Shares (ELPL6): tag along of 100%
– 20% of Independent Board Members
Sustainability
– Listed on ISE since December 1st, 2005
– Sustainability Report based on GRI standards for the first time
Eletropaulo x Ibovespa x IEE
Index 100 = 12/28/06 Daily Average Volume - preferred shares
130 (R$ thousand)
+27.0%
125
+22.3%
+13.8% 20,510.7
120
+16.4%
18,024.9
115 +14.2%
110
105 '
+331.5%
100
95 4,177.5
90
85
Dec-06 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 2005 2006 1H07
ELPL6 ELPL5 Ibovespa IEE
19
20. Management
“Segurança Sempre”
Frequency and Seriousness Rate Since Oct/06 the Company adopted BBS (Behavior
Based on Safety), program that aims to a security
5.65
behavior change
4.12
1,715 COGE Foundation Award 2006: Safety and Health
3.03 2.91
2.80
Management
801
217
Safety and Health Management System (OHSAS –
44 17
18001)
2003 2004 2005 2006 1S07
Seriousness Rate* Frequency Rate*
Safety Committees
Frequency Rate
Nº. Accidents x 1,000,000
Hours / man
Seriousness Rate
(Lost Days+ Debited Days) x 1,000,000
Hours / man
* NRB Criteria (Brazilian Legislation) 20
21. Management
Social Programs
Eletropaulo na Comunidade Project (5th Edition in 2006)
– 30 events in public schools – total of 120 thousand participants
“Circo das Artes” and “Creches Luz e Lápis”
– Social-cultural development of 650 children and teenagers
Reading Rooms
– 50 reading rooms installed, giving to the poorest communities access
to culture. File of 1,000 books.
“O Consumidor é Show” (*)
– Free shows to 50 thousand people and 3 ton. of food collected
Volunteer - Campaigns
– “Agasalho” – collected 40 thousand clothes.
– Easter - 650 chocolate eggs
– Christmas: 615 kits
(*) With proceeds of Rouanet’s Law nº 8,313/91
21
22. Management
Environment
Scope extension of Management Environment System (SGA) and the
Certification ISO14001:2004 (182 to 188 certified sites)
Environment License for new projects or repair. The process of
environment license to the current infra-structure has already began.
PROJETO POMAR: Partnership with State Department for the
Environment
Urbane Arborization: urbane arborization guide, cutting trees program, 2
R&Ds projects (R$ 630 thousand) related to arborization management and
leftovers. Technology Innovation: trees registry with GPS and “palm pilots”.
GRI (Global Reporting Initiative): elaboration and publication in 2006
– Sustainability Report with environment indicators
World Wide Fund for Nature (WWF) agreement renewed
– Funding and Publicity for Amazon’s protection
22
23. Conclusion
Net Profit of R$ 505.5 million in 1H07, 122.7% higher than the
net profit in 1H06
Reduction of 30.0% in consolidated net debt in the last 12
months
Increase of total debt’s average life from 3.7 to 5.5 years
Rating increased by S&P in national scale from A- to A
Collection Rate of 99.7%
R$ 487.8 million of dividends relative to 1H07 earnings to be
distributed on September 3rd, 2007
23
24.
25. Tietê Overview
Concession Area
30 year concession expires in 2029
10 hydro plants on the rivers Tietê,
Pardo and Mogi Guaçu
Installed Capacity of 2.651 MW, 18% of
the energy generated in the State of
Oceano São Paulo
Atlântico
100% of assured energy is sold under
Summary Operating and Financial Data long-term contract PPA with
R$ million 2005 2006 1H07 Eletropaulo through December 2015
Generated Energy (GWh) 12,852 12,475 7,091
Price adjusted annually for inflation
Net Revenues 1,220 1,387 740 (IGP-M)
EBITDA 939 1,097 520
Payout of 100% of the net income
EBITDA Margin 77.0% 79.1% 70.2%
reported in 2006
Net Income 556 614 303
25
26. Brazil
10 largest Generator Companies - 2006
Generation in Brazil
2006 – 403,6 TWh
R$ Billion
3.1% 4.9%
2.5% 2.1%
12.1% AES Tietê 11.3%
13.6% 12.0%
CHESF
2.6% Furnas 4.6%
CESP
8.1%
Itaipú 9.5%
14.0%
Cemig - GT
18.7%
Tractebel
Copel - GER
13.0% 8.1%
8.1% Eletronorte
Duke
8.5%
23.0%
20.1%
Tietê represents 2.5% of Brazil’s Total Installed Capacity and also is the 9th
largest private generator company in Brazil.
The 10 largest generator companies represent 62.3% (65,941 MW) of the total
installed capacity in Brazil (105,927 MW).
Fonte: ANEEL; Gasnet. 26
27. Highlights
PIS/Cofins – Positive impact of R$ 49.2 million on Net Income in
2Q07
Increase on transmission expense (TUSDgeneration) – Negative
effect of R$ 61.1 million on Net Income in 2Q07
1H07
Ebitda of R$ 519.8 million in 1H07, 4.2% lower than 1H06
Net Income of R$ 302.5 million in 1H07, reduction of 1.0%
compared to 1H06
On April 10th, Aneel, approved the acquisition of Licenses to build
three small hydropower plants in the state of Rio de Janeiro
On August 10th, the Board of Directors authorized the payment
of R$ 142.1 million in dividends, which correspond to 100% of
2Q07 net earnings:
Subsequent Events – R$ 1.42 per 1,000 common shares
– R$ 1.56 per 1,000 preferred shares
27
28. Energy Balance – 1H07
Generation – MW average Billed Energy - GWh
+7.3% 7,239
6,749
738
177
128.7%
97.6% 109.2% 106.9% 115.1% 111.7%
914
961
80.7%
1,642
1,467 1,424
1,392 1,363 5,557 5,587
1,258
1,040
2001 2002 2003 2004 2005 2006 1S07 1H06 1H07
Generation - MW Average Generation / Assured Energy Eletropaulo MRE CCEE/Losses
Increase of 15.3% in energy generated (1H07 x 1H06) Eletropaulo tariff:
July/2006 to May/2007 - R$ 133.87/MWh
Generation was 28.7% above the assured energy
Since June/2007 – R$ 127.03/MWh
(1,275 MW average)
MRE tariff – R$ 7.47/MWh
Growth of 22.5% in volume sold to CCEE/MRE (1H07
x 1H06) CCEE tariff* – R$ 44.05/MWh
* Average 1H07
28
29. Reliability
Failure Index (FI) and Equivalent Average of 8.3 years operating without
Availability Factor (EAF) figures exceed accidents that require removal of
the requirements established by the personnel from the worksite
National Ecectic Energy Agency – ANEEL:
2.9% for (FI) and 92.0% for EAF
Period without
Failure Index x Availability
Accidents
Period Without
96.8% 96.1% Plant
94.2%
92.6% 93.0% 92.5% Accidents - Years
90.9%
Ibitinga 19.5
3.0 MogiGuaçu 12.9
2.5 Nova Avanhandava 10.0
2.2 2.3
Água Vermelha 9.4
1.6 1.7 Limoeiro 7.3
Barra Bonita 7.3
0.8 Promissão 5.8
Caconde 4.7
2001 2002 2003 2004 2005 2006 1H07
Euclides da Cunha 4.3
Failure Index (FI) Equivalent Availability Factor Bariri 2.0
29
30. Capex
Capex – 1H07: R$ 21.7 million
1H07
– Restoration and upgrade in equipments – R$ 12.0 million
– Environment (reforestation) – R$ 5.0 million 2.4%
16.2%
Equip.
– Small Hydropower Plants – R$ 3.5 million
3.0% 22.9%
Hidroway
– Others (SAP, Hidroway etc.) – R$ 1.2 million
PCH
Forecasted Capex - 2007: R$ 75.5 million
IT
– R$ 22.4 million: Construction of three small hydropower plants
located in the interior of São Paulo State. Together, they will Environment
boast na installed capacity of 8MW. 55.5%
– R$ 36.6 million: Restoration and upgrading of the plants
R$ million
– R$ 11.7 million: Environment
– R$ 4.8 million: SAP 75.5
Investment in Small Hydropower Plants
46.5
– Acquisition of License to build three small hydropower plants in
the State of Rio de Janeiro, with a total installed capacity of 52 21.9
27.5
21.7
MW and average 28.97 MW of assured energy, approved by 12.4
ANEEL – forecasted investments of R$ 225 million in 2 years,
from which R$ 15.3 million were already invested. 2003 2004 2005 2006 1H07 2007e
30
31. Expansion Requirement
Requirement: increase installed capacity by at least 15% (400 MW),
until December 2007:
– Increasing the installed capacity in São Paulo State; or
– Purchasing energy from new plants, located in São Paulo, through long term agreements
(at least 5 years)
Restrictions to increase the capacity:
– State of São Paulo – no hydro resource and environmental restrictions to thermal plants
– Gas supply
– “New Model of the Electric Sector” (Law # 10,848/04)
Proposal from AES Tietê to the State Government of São Paulo:
– To be supported by a specialized consulting company to produce a report in 12 months
regarding technical, financial, regulatory and environmental aspects, of the generation
capacity expansion possibilities in the State of São Paulo and in compliance with the “New
Model of the Electric Sector”
Neither ANEEL nor the São Paulo State Government have sent a formal
reply to AES Tietê with regard to this issue so far
31
32. Results
Net Revenues Costs and Operational Expenses
R$ million R$ million
+6.1%
740.4
698.0 +33.2% 253
190
+9.1% 164
175 +70.8%
380.7 74
348.8
96
132
82 36
45
44
34 33 16
16 16
1H06 1H07 2Q06 2Q07 1H06 1H07 2Q06 2Q07
Power Purchase and sector charges
Operational Expenses
Depreciation
Net Revenues in 1H07 up 6% from 1H06: Increase of 33.2% in costs and operational
(i) 0.9% price adjustment granted in July06 for the expenses mainly due to extraordinary items
energy sold under the bilateral contract occurred in 1H07:
(ii) Higher energy volume sold to Eletropaulo and to (i) Power Purchase – R$ 92.5 million extraordinary
CCEE / MRE in 1Q07. expense due to the increase of the transmission
(iii) Positive impact of R$ 28.5 million due to charge (TUSDgeneration) – Ratifying Resolution
PIS/Cofins taxation system. 497/07
32
34. Results
Financial Results Net Income
R$ million R$ million
43.8% 40.9%
43.8%
37.3%
1H06 1H07 2Q06 2Q07 -1.0%
10.1 305.5 302.5
-6.9%
152.6 142.1
(18.9)
(23.7)
-59.9%
(47.1) 1H06 1H07 2Q06 2Q07
Net Margin
Positive impact in 2Q07, explained by Payment of R$ 142.1 million in
the accounting of inflation gains on dividends, which correspond to 100%
PIS/Cofins tax credits, which totaled R$ of the net earnings obtained in 2Q07
36.6 million – R$ 1.42 per 1,000 common shares
– R$ 1.56 per 1,000 preferred shares
IGP-M reduction of 50.0% (2Q07 x Ex-Dividends: August 27, 2007
2Q06) Payment: September 3, 2007
34
35. Debt
R$ million
Amount Creditor Maturity Cost Collateral
Vencimento
1,305.2 Eletrobras May, 2013 IGP-M + 10% p.a. Receivables
4.9 FunCesp III Sep, 2027 IGP-M + 6% p.a. Receivables
Net Debt
R$ Million
3.2x Net Debt
Net Debt / EBITDA
2.0x
1.4x
0.7x 0.6x 0.7x
1,406
1,254
1,096
676 682 661
2002 2003 2004 2005 2006 1S07
Cash availability = R$ 578 million (June, 2007)
– Marketable securities with durations lower than 90 days
– Average profitability around 100% of CDI
35
36. Cash Flow
R$ million 2Q06 3Q06 4Q06 1Q07 2Q07
Initial Cash 852 777 674 691 687
Operating Cash Flow 308 290 280 288 308
Investments (6) (8) (24) (10) (12)
Net Financial Expenses (18) (15) (19) (16) (18)
Net Amortization (44) (50) (45) (46) (48)
Income Tax (20) (16) (32) (220) (17)
Dividends and Interest on Equity (295) (305) (143) - (325)
Free Cash Flow (74) (104) 17 (4) (112)
Final Cash 777 674 691 687 574
2Q07 free cash flow was negative of R$ 112.3 million, mainly due to payments
of R$ 165.1 million and R$ 160.5 million corresponding to dividends on the
4Q06 and 1Q07 net income respectively.
36
37. Capital Markets
Tietê x Ibovespa x IEE - Index 100 = June, 2006
170
Sustainability
160 57.6%
– Sustainability Report based on
150 48.5%
44.2% GRI standards for the first time.
140 44.1%
130
120
110
100
90
jun/06 sep/06 dec/06 mar/07 jun/07
GETI3 GETI4 Ibovespa IEE
Daily Average Volume Payout
(R$ thousand)
Dividend Yield
64.0% 9,726
12.0%
100% 2006
11.4%
72.4% 5,930 5,714
GETI3 13.2%
96.9% 2005
3,441 4,232 13.,2%
GETI4
1,813
4,012 13.4%
1,628 1,698 95.0% 2004
12.3%
2005 2006 1H07
37
38. Management
Social Programs
“Generating Citizenship” Project
– Involves the selection and support of cultural, educational
and/or human development projects which benefit
communities in the interior of the Estate of São Paulo
Music for the Environment Project
– 9 free outdoor concerts held in different cities.
– Total public of 18 thousand people and collection of 2.3
tons of goods donated to several institutions
Reading Rooms Project
– 25 Reading Rooms with approximately one thousand
books
Guri Project
– Sponsorship of 5 units. More than 700 children from low
income families. Opportunity to learn how to play musical
instruments and to sing in a coral
38
39. Management
Environment
Global Connections
– Alignment of the Company’s initiatives to International agreements and summits
– Actions from AES Brazil adopted as “Best Practice” actions for AES Corp
– Positive repercussion towards Environmental Authorities and NGOs that work in this
field.
Carbon Credits
– Evaluation of ongoing projects
Flora Program
– Produced 1 million saplings in the Promissão Plant
nursery and donated them to rural communities,
producers, municipal governments and NGOs
Fishery Management Project
– Bred and released 2.5 million young fish
into 10 reservoirs
39
40. Conclusion
Generation was 29% higher than assured energy in 1S07
Net Income of R$ 302.5 million in 1H07, reduction of 1.0%
compared to 1H06. Net margin of 40.9% compared to 43.8%
in 1H06
– The reduction on net income is mainly due to the increase of R$ 92.5 million in
transmission expenses (TUSDgeneration) - extraordinary event
Payment of R$ 302.6 million in dividends, which corresponds to
100% of 1H07* net earnings
AES Tietê has been analyzing new opportunities of investments
and expansion, aiming at increasing the Company’s results
* R$ 160.5 million refer to 1Q07 net earnings distributed in June 06, 2007 and R$ 142.1 million refer to 2Q07 net earnings that will be paid on
September 03, 2007
40
41. The statements contained in this document with regard to the business prospects,
projected operating and financial results, and growth potential are merely forecasts based
on the expectations of Company Management in relation to its future performance. Such
estimates are highly dependent on market behavior and on the conditions affecting
Brazil‘s macroeconomic performance as well as the electricity sector and international
market, and they are therefore subject to change.