CPFL Renováveis saw significant growth in its operating portfolio and financial results in 2Q13 compared to the prior year period. Net revenue increased 45% and adjusted EBITDA grew 66% due to the addition of new assets and acquisitions. The company has a pipeline of projects under construction that are expected to further increase its installed capacity going forward.
CPFL Renováveis reported its 1Q14 results, with operating capacity increasing 23% year-over-year to 1,416.8 MW distributed across 66 power plants. Net revenue totaled R$289 million, up 26% compared to 1Q13. EBITDA was R$119 million, down 15% due to extraordinary costs of R$72.1 million for energy purchases. Excluding these costs, adjusted net income was R$17.8 million. The company continues expanding its renewable portfolio, with projects totaling 305.5 MW expected to begin operations between 2Q14 and 1H18.
The document provides an overview of CPFL Renováveis' 2Q14 results. It summarizes that operating capacity increased 30% year-over-year to 1,495 MW distributed across 70 power plants. Net revenue increased 31% to R$245 million in 2Q14. EBITDA grew 19% to R$117 million in 2Q14 due to portfolio expansion, though extraordinary costs reduced profits. The outlook remains positive as new projects are expected to come online through 2018.
CPFL Renováveis reported its 4Q13 and full year 2013 results. Key highlights include:
- Net revenue increased 20% in 4Q13 and 26% for the full year.
- EBITDA increased 6% in 4Q13 and 12% for the full year.
- Operating capacity grew 11% to 1,283 MW in 2013 with the start of new plants.
- The company has a solid liquidity position and manageable debt levels.
- Recent events included the start of new wind farms and an upcoming joint venture that will expand the portfolio.
Webcast Presentation CPFL Energia_2Q13_finalCPFL RI
- Total energy sales outside of the Group were up 7.7% and energy sales within the concession area were up 2.6% in 2Q13. EBITDA increased 15.8% to R$248.9 million due to commercialization and services as well as conventional generation, partially offset by regulatory and non-recurring items. Net income decreased 29% to R$163 million due to financial results and regulatory and non-recurring effects. CPFL Energia continues expanding into new regions with 632 new housing developments in 1H13 and received various awards for excellence.
This presentation summarizes the 4Q14 results of an energy company. It saw growth in operating capacity, revenue, and EBITDA in 4Q14 compared to 4Q13. Key events in 2014 included acquisitions, completion of construction projects, and unfavorable hydrological conditions. The company has a diversified contracted portfolio that will continue expanding through 2018. It maintains a strong financial position with ample liquidity and manageable debt levels.
O documento apresenta os resultados financeiros e operacionais da MPX no 2T13, destacando:
1) A geração comercial atingiu 1.779 MW com mais 1.114 MW em construção;
2) A receita líquida de geração foi de R$ 508,6 milhões;
3) A produção de gás natural na Bacia do Parnaíba atingiu 4,5 milhões de m3/dia.
The half-year report provides key financial and operational data for AREVA for the period ending June 30, 2008. Some highlights include revenue increasing 14.8% compared to the same period in 2007. Earnings before interest, taxes, depreciation and amortization more than doubled. The backlog increased 13.6% compared to June 30, 2007 driven primarily by growth in the nuclear businesses. Segment reporting shows the Front End division contributed the most revenue while the Transmission and Distribution division had the highest operating income.
The document provides an overview of Antero Resources Corporation, including:
- Antero has significant reserves of natural gas and natural gas liquids located in the Marcellus and Utica Shales.
- The company has grown production significantly through operational focus on these shale plays, currently operating 20 drilling rigs.
- Antero has secured substantial firm natural gas processing and takeaway capacity to support its high growth plans.
CPFL Renováveis reported its 1Q14 results, with operating capacity increasing 23% year-over-year to 1,416.8 MW distributed across 66 power plants. Net revenue totaled R$289 million, up 26% compared to 1Q13. EBITDA was R$119 million, down 15% due to extraordinary costs of R$72.1 million for energy purchases. Excluding these costs, adjusted net income was R$17.8 million. The company continues expanding its renewable portfolio, with projects totaling 305.5 MW expected to begin operations between 2Q14 and 1H18.
The document provides an overview of CPFL Renováveis' 2Q14 results. It summarizes that operating capacity increased 30% year-over-year to 1,495 MW distributed across 70 power plants. Net revenue increased 31% to R$245 million in 2Q14. EBITDA grew 19% to R$117 million in 2Q14 due to portfolio expansion, though extraordinary costs reduced profits. The outlook remains positive as new projects are expected to come online through 2018.
CPFL Renováveis reported its 4Q13 and full year 2013 results. Key highlights include:
- Net revenue increased 20% in 4Q13 and 26% for the full year.
- EBITDA increased 6% in 4Q13 and 12% for the full year.
- Operating capacity grew 11% to 1,283 MW in 2013 with the start of new plants.
- The company has a solid liquidity position and manageable debt levels.
- Recent events included the start of new wind farms and an upcoming joint venture that will expand the portfolio.
Webcast Presentation CPFL Energia_2Q13_finalCPFL RI
- Total energy sales outside of the Group were up 7.7% and energy sales within the concession area were up 2.6% in 2Q13. EBITDA increased 15.8% to R$248.9 million due to commercialization and services as well as conventional generation, partially offset by regulatory and non-recurring items. Net income decreased 29% to R$163 million due to financial results and regulatory and non-recurring effects. CPFL Energia continues expanding into new regions with 632 new housing developments in 1H13 and received various awards for excellence.
This presentation summarizes the 4Q14 results of an energy company. It saw growth in operating capacity, revenue, and EBITDA in 4Q14 compared to 4Q13. Key events in 2014 included acquisitions, completion of construction projects, and unfavorable hydrological conditions. The company has a diversified contracted portfolio that will continue expanding through 2018. It maintains a strong financial position with ample liquidity and manageable debt levels.
O documento apresenta os resultados financeiros e operacionais da MPX no 2T13, destacando:
1) A geração comercial atingiu 1.779 MW com mais 1.114 MW em construção;
2) A receita líquida de geração foi de R$ 508,6 milhões;
3) A produção de gás natural na Bacia do Parnaíba atingiu 4,5 milhões de m3/dia.
The half-year report provides key financial and operational data for AREVA for the period ending June 30, 2008. Some highlights include revenue increasing 14.8% compared to the same period in 2007. Earnings before interest, taxes, depreciation and amortization more than doubled. The backlog increased 13.6% compared to June 30, 2007 driven primarily by growth in the nuclear businesses. Segment reporting shows the Front End division contributed the most revenue while the Transmission and Distribution division had the highest operating income.
The document provides an overview of Antero Resources Corporation, including:
- Antero has significant reserves of natural gas and natural gas liquids located in the Marcellus and Utica Shales.
- The company has grown production significantly through operational focus on these shale plays, currently operating 20 drilling rigs.
- Antero has secured substantial firm natural gas processing and takeaway capacity to support its high growth plans.
Webcast about the 3rd Quarter Results 2011 - IFRSPetrobras
The document provides highlights from Petrobras' 3rd quarter 2011 results. Key points include:
- Operating income and EBITDA were stable compared to the previous quarter. Net income was affected by a 19% devaluation of the Brazilian Real.
- Production of the P-56 platform in the Marlim Sul field is expected to reach peak production in Q1 2012.
- Developments in pre-salt areas include the start-up of the Lula-Mexilhão gas pipeline and tests confirming the potential of the Franco field.
- Production increased 1.2% year-over-year for the first nine months but declined 1% compared to the previous quarter due to scheduled and unscheduled
Petrobras reported financial results for the 2nd quarter of 2011, with net income of R$10.9 billion, in line with 1Q11 results. Domestic oil and gas sales volumes increased 7% compared to 1Q11 and 9% compared to 2Q10. Three new extended well tests were implemented in pre-salt areas. Production is expected to increase in the second half of the year with the start-up of new offshore fields and platforms. Drilling in the Santos Basin pre-salt continues at an accelerated pace with high exploration success.
This document provides an overview and summary of Petrobras' 2nd Quarter 2012 financial results. Key points include:
- Petrobras reported a loss in 2Q12 versus a profit in 1Q12, due to factors like exchange rate devaluation, lower oil product prices in Brazil, production stoppages, and increased exploration expenses.
- The average exchange rate depreciated in 2Q12 compared to 1Q12, negatively impacting costs.
- Operational highlights included refining throughput records and advances in contracting for offshore oil development.
- 2Q12 results were affected by unique factors that are unlikely to occur together or at the same intensity in future quarters.
- Teck Resources reported its fourth quarter and full year 2014 financial results, meeting or exceeding its guidance for the year.
- Key highlights included record coal production, lower unit costs across operations, and significantly reduced capital expenditures.
- The Fort Hills oil sands project remains on schedule and budget, with engineering 65% complete and construction progressing as planned. The project is expected to generate significant free cash flow across a range of oil prices once operational.
Progress Energy reported third quarter 2004 ongoing earnings of $1.01 per share compared to $1.28 per share in the third quarter of 2003. GAAP earnings were $1.25 per share compared to $1.33 per share. Earnings from core utility businesses were strong but offset by lower synthetic fuel production tax credits. Hurricane damage restoration costs totaled $379 million. Progress Energy reaffirmed 2004 ongoing earnings guidance of $2.95 to $3.10 per share and announced developments in an IRS audit of synthetic fuel tax credits.
Petrobras announced its second quarter 2010 results. Net income increased 7% to R$8.3 billion. New oil discoveries in the Campos Basin pre-salt are estimated to contain 500 million barrels of recoverable oil. Production is increasing with the start-up of new production units such as the FPSO Capixaba in Espírito Santo. Planned investments total $224 billion through 2014 according to the new business plan. Oil and gas production increased year-over-year due to contributions from new projects.
2013 Results, 2030 Strategic Plan and 2014-25018 Business PlanPetrobras
- The document discusses Petrobras' 2013 results, 2030 strategic plan, and 2014-2018 business plan. It provides key highlights from 2013 including a 6% increase in operating income and 11% increase in net income. EBITDA increased 18% to R$63 billion.
- Exploration and production activities led to 16.6 billion boe in proven reserves. Oil and gas production levels declined slightly in 2013 but cost optimization programs helped boost efficiency.
- Investments totaled R$104.4 billion in 2013, up 24% over 2012, focusing on expanding pre-salt production and downstream segments.
The document provides a summary of CPFL Energia's 3Q17 results. Some key highlights include:
- Net operating revenue increased 62.7% and EBITDA increased 13.8% compared to 3Q16.
- Investments totaled R$544 million in the quarter. Net debt was R$13.7 billion with leverage of 3.24x.
- Energy sales increased 18.4% compared to 3Q16, driven in part by the acquisition of RGE Sul. Excluding RGE Sul, sales increased 3.2% in the concession area.
- EBITDA growth was driven by higher sales from the distribution business including RGE Sul, as well as the start
Conference Call/Webcast
October 29th, 2012
» QUARTER HIGHLIGHTS
» Net Income of R$5,567 million and EBITDA of R$14,375 million
» Oil production in Brazil of 1,904 kboed (-3% vs. 2Q12) and natural gas of 377 kboed (+4% vs. 2Q12)
» Start up of FPSO Cidade de Anchieta in September 10th
» Current production: 42 kbpd with 3 wells
» Production peak (100 kbpd): March/2013
» Discoveries: Grana Padano (Espirito Santo), Pecém (Ceará), Barra and Moita Bonita (Sergipe Alagoas)
» Record refinery output (2,026 kbpd in 3Q12 vs. 1,886 kbpd in 3Q11)
» Start up of REPAR’s Coking unit
» 7th consecutive year in the Dow Jones Sustainability Index
Petrobras held its annual CEO Energy/Power Conference in September 2008. The presentation provided an overview of Petrobras' corporate organization, key operating results from 2005-2007, recent oil and gas discoveries in Brazil from 2002-2007 including major pre-salt finds, and major projects planned from 2007-2012 aimed at increasing production capacity. It also discussed Petrobras' focus on developing Brazil's domestic supply chain and workforce to support its growing operations.
2Q15 Results
- Sales dropped 2.9% in the concession area, with residential consumption down 1.5% due to unfavorable economic conditions and tariff increases. EBITDA decreased 2.1% to R$884 million due to higher energy costs, while net income declined 37.9% to R$55 million due to non-recurring expenses and financial results. Manageable expenses increased only 1.1% in real terms year-over-year through cost control measures.
Petrobras announced its 4th quarter 2010 results. Key highlights included record oil production in Brazil of 2,256 thousand barrels per day in December 2010. International production increased 3% compared to 2009. Several new production systems and gas treatment units started up in 2010. Proven reserves totaled nearly 16 billion barrels of oil equivalent according to ANP criteria, with over 1 billion added from the Santos pre-salt area. Investments in 2010 were R$76.4 billion, up 8% from 2009.
Sterling Resources holds material oil and gas assets in the UK North Sea including the Breagh gas field with over 20 years of remaining production and the upcoming Cladhan oil field. Sterling plans to maximize production at Breagh through additional drilling and well stimulations over the next two years. The company also holds exploration licenses with significant prospective resources. Sterling is focused on stabilizing its operations and finances through portfolio rationalization, cost reductions, and refinancing its debt.
2012-2016 Business Plan with investments totaling US$ 236.5bn (R$ 416.5bn), an average of US$ 47.3bn per year.
The 2012-2016 Business Plan is founded on the integrated management of the projects portfolio of the company, with emphasis on: Recovering the production curve for oil and natural gas; Prioritizing oil and natural gas exploration & production projects in Brazil; Focusing attention on the perfect alignment between the physical and financial targets of each project; and Developing the company’s business opportunities while maintaining sound financial metrics.
Corporate Presentation CPFL Energia - May 2017CPFL RI
This document provides an overview of CPFL Energia, including:
1) CPFL Energia is the largest integrated private electricity company in Brazil with a market cap of R$26.5 billion and presence in distribution, generation, renewable energy and services.
2) In the last 12 months, CPFL Energia achieved an EBITDA of R$4,287 million and net income of R$879 million.
3) CPFL Energia has 9 distribution subsidiaries serving 9.3 million customers, 3,258 MW of installed generation capacity of which 94% is renewable, and is a leader in value-added energy services in Brazil.
Petrobras reported financial results for the 4th quarter and full year 2013. Key highlights include:
- Oil and gas production in Brazil declined 2.5% year-over-year to 1,931 kbpd due to delays in new projects coming online.
- Oil product sales increased 4% to 2,383 kbpd due to higher refining output and reduced imports.
- Net income increased 11% to R$34.4 billion driven by higher oil prices and asset sales, partially offset by increased debt expenses.
- EBITDA grew 18% to R$63 billion mainly from price adjustments and lower exploration costs.
- Investments totaled R$104.4 billion, up 24
- Antero Resources is a pure play company focused on developing natural gas and oil resources in the Marcellus and Utica Shales located in the Appalachian Basin.
- They have significant reserves of 37.5 trillion cubic feet of gas equivalent and are the most active driller in the region, operating 22 rigs.
- Antero has invested heavily in midstream infrastructure like processing plants and pipelines to efficiently develop their production and handle increased liquids.
This document provides an overview of Antero Resources Corporation, a company focused on developing natural gas and oil resources from the Marcellus and Utica Shales in the Appalachian Basin. It outlines Antero's large acreage position and drilling inventory across these plays, with an emphasis on liquids-rich areas. Antero has significantly grown production and reserves through an active drilling program while maintaining strong capital efficiency metrics. The company is also building out infrastructure like gathering lines and processing facilities to support its growing scale of operations.
The document summarizes CPFL Energia's 2Q17 results. It reports a 33.1% increase in net operating revenue and 6.3% increase in EBITDA. Key factors contributing to the EBITDA increase included price readjustments in contracts, start-up of new wind farms, and gains in commercial margins. The financial result declined due to exchange rate impacts and derivative losses. Net income decreased 48.7% due to higher financial expenses. Leverage remained stable at 3.28x net debt to EBITDA. The document also provides updates on recent acquisitions, investments, and the State Grid transaction.
In 3 sentences:
CPFL Renováveis reported its 3Q14 results, with operating capacity reaching 1,495 MW and net revenue of R$344 million, up 28% year-over-year. EBITDA was R$218 million, a 47% increase, though extraordinary expenses impacted results. The company also completed its association with DESA, adding over 300 MW of contracted capacity.
CPFL Renováveis reported its 3Q13 results with installed capacity increasing 9% year-over-year to 1,233 MW. EBITDA was R$149 million in 3Q13, down 11% compared to 3Q12 due to extraordinary costs. Net income was negatively impacted by one-time items but adjusted net income was R$30 million in 3Q13. The company has a solid liquidity position and its projects under construction are on track to start operations in 4Q13 and 2016.
Webcast about the 3rd Quarter Results 2011 - IFRSPetrobras
The document provides highlights from Petrobras' 3rd quarter 2011 results. Key points include:
- Operating income and EBITDA were stable compared to the previous quarter. Net income was affected by a 19% devaluation of the Brazilian Real.
- Production of the P-56 platform in the Marlim Sul field is expected to reach peak production in Q1 2012.
- Developments in pre-salt areas include the start-up of the Lula-Mexilhão gas pipeline and tests confirming the potential of the Franco field.
- Production increased 1.2% year-over-year for the first nine months but declined 1% compared to the previous quarter due to scheduled and unscheduled
Petrobras reported financial results for the 2nd quarter of 2011, with net income of R$10.9 billion, in line with 1Q11 results. Domestic oil and gas sales volumes increased 7% compared to 1Q11 and 9% compared to 2Q10. Three new extended well tests were implemented in pre-salt areas. Production is expected to increase in the second half of the year with the start-up of new offshore fields and platforms. Drilling in the Santos Basin pre-salt continues at an accelerated pace with high exploration success.
This document provides an overview and summary of Petrobras' 2nd Quarter 2012 financial results. Key points include:
- Petrobras reported a loss in 2Q12 versus a profit in 1Q12, due to factors like exchange rate devaluation, lower oil product prices in Brazil, production stoppages, and increased exploration expenses.
- The average exchange rate depreciated in 2Q12 compared to 1Q12, negatively impacting costs.
- Operational highlights included refining throughput records and advances in contracting for offshore oil development.
- 2Q12 results were affected by unique factors that are unlikely to occur together or at the same intensity in future quarters.
- Teck Resources reported its fourth quarter and full year 2014 financial results, meeting or exceeding its guidance for the year.
- Key highlights included record coal production, lower unit costs across operations, and significantly reduced capital expenditures.
- The Fort Hills oil sands project remains on schedule and budget, with engineering 65% complete and construction progressing as planned. The project is expected to generate significant free cash flow across a range of oil prices once operational.
Progress Energy reported third quarter 2004 ongoing earnings of $1.01 per share compared to $1.28 per share in the third quarter of 2003. GAAP earnings were $1.25 per share compared to $1.33 per share. Earnings from core utility businesses were strong but offset by lower synthetic fuel production tax credits. Hurricane damage restoration costs totaled $379 million. Progress Energy reaffirmed 2004 ongoing earnings guidance of $2.95 to $3.10 per share and announced developments in an IRS audit of synthetic fuel tax credits.
Petrobras announced its second quarter 2010 results. Net income increased 7% to R$8.3 billion. New oil discoveries in the Campos Basin pre-salt are estimated to contain 500 million barrels of recoverable oil. Production is increasing with the start-up of new production units such as the FPSO Capixaba in Espírito Santo. Planned investments total $224 billion through 2014 according to the new business plan. Oil and gas production increased year-over-year due to contributions from new projects.
2013 Results, 2030 Strategic Plan and 2014-25018 Business PlanPetrobras
- The document discusses Petrobras' 2013 results, 2030 strategic plan, and 2014-2018 business plan. It provides key highlights from 2013 including a 6% increase in operating income and 11% increase in net income. EBITDA increased 18% to R$63 billion.
- Exploration and production activities led to 16.6 billion boe in proven reserves. Oil and gas production levels declined slightly in 2013 but cost optimization programs helped boost efficiency.
- Investments totaled R$104.4 billion in 2013, up 24% over 2012, focusing on expanding pre-salt production and downstream segments.
The document provides a summary of CPFL Energia's 3Q17 results. Some key highlights include:
- Net operating revenue increased 62.7% and EBITDA increased 13.8% compared to 3Q16.
- Investments totaled R$544 million in the quarter. Net debt was R$13.7 billion with leverage of 3.24x.
- Energy sales increased 18.4% compared to 3Q16, driven in part by the acquisition of RGE Sul. Excluding RGE Sul, sales increased 3.2% in the concession area.
- EBITDA growth was driven by higher sales from the distribution business including RGE Sul, as well as the start
Conference Call/Webcast
October 29th, 2012
» QUARTER HIGHLIGHTS
» Net Income of R$5,567 million and EBITDA of R$14,375 million
» Oil production in Brazil of 1,904 kboed (-3% vs. 2Q12) and natural gas of 377 kboed (+4% vs. 2Q12)
» Start up of FPSO Cidade de Anchieta in September 10th
» Current production: 42 kbpd with 3 wells
» Production peak (100 kbpd): March/2013
» Discoveries: Grana Padano (Espirito Santo), Pecém (Ceará), Barra and Moita Bonita (Sergipe Alagoas)
» Record refinery output (2,026 kbpd in 3Q12 vs. 1,886 kbpd in 3Q11)
» Start up of REPAR’s Coking unit
» 7th consecutive year in the Dow Jones Sustainability Index
Petrobras held its annual CEO Energy/Power Conference in September 2008. The presentation provided an overview of Petrobras' corporate organization, key operating results from 2005-2007, recent oil and gas discoveries in Brazil from 2002-2007 including major pre-salt finds, and major projects planned from 2007-2012 aimed at increasing production capacity. It also discussed Petrobras' focus on developing Brazil's domestic supply chain and workforce to support its growing operations.
2Q15 Results
- Sales dropped 2.9% in the concession area, with residential consumption down 1.5% due to unfavorable economic conditions and tariff increases. EBITDA decreased 2.1% to R$884 million due to higher energy costs, while net income declined 37.9% to R$55 million due to non-recurring expenses and financial results. Manageable expenses increased only 1.1% in real terms year-over-year through cost control measures.
Petrobras announced its 4th quarter 2010 results. Key highlights included record oil production in Brazil of 2,256 thousand barrels per day in December 2010. International production increased 3% compared to 2009. Several new production systems and gas treatment units started up in 2010. Proven reserves totaled nearly 16 billion barrels of oil equivalent according to ANP criteria, with over 1 billion added from the Santos pre-salt area. Investments in 2010 were R$76.4 billion, up 8% from 2009.
Sterling Resources holds material oil and gas assets in the UK North Sea including the Breagh gas field with over 20 years of remaining production and the upcoming Cladhan oil field. Sterling plans to maximize production at Breagh through additional drilling and well stimulations over the next two years. The company also holds exploration licenses with significant prospective resources. Sterling is focused on stabilizing its operations and finances through portfolio rationalization, cost reductions, and refinancing its debt.
2012-2016 Business Plan with investments totaling US$ 236.5bn (R$ 416.5bn), an average of US$ 47.3bn per year.
The 2012-2016 Business Plan is founded on the integrated management of the projects portfolio of the company, with emphasis on: Recovering the production curve for oil and natural gas; Prioritizing oil and natural gas exploration & production projects in Brazil; Focusing attention on the perfect alignment between the physical and financial targets of each project; and Developing the company’s business opportunities while maintaining sound financial metrics.
Corporate Presentation CPFL Energia - May 2017CPFL RI
This document provides an overview of CPFL Energia, including:
1) CPFL Energia is the largest integrated private electricity company in Brazil with a market cap of R$26.5 billion and presence in distribution, generation, renewable energy and services.
2) In the last 12 months, CPFL Energia achieved an EBITDA of R$4,287 million and net income of R$879 million.
3) CPFL Energia has 9 distribution subsidiaries serving 9.3 million customers, 3,258 MW of installed generation capacity of which 94% is renewable, and is a leader in value-added energy services in Brazil.
Petrobras reported financial results for the 4th quarter and full year 2013. Key highlights include:
- Oil and gas production in Brazil declined 2.5% year-over-year to 1,931 kbpd due to delays in new projects coming online.
- Oil product sales increased 4% to 2,383 kbpd due to higher refining output and reduced imports.
- Net income increased 11% to R$34.4 billion driven by higher oil prices and asset sales, partially offset by increased debt expenses.
- EBITDA grew 18% to R$63 billion mainly from price adjustments and lower exploration costs.
- Investments totaled R$104.4 billion, up 24
- Antero Resources is a pure play company focused on developing natural gas and oil resources in the Marcellus and Utica Shales located in the Appalachian Basin.
- They have significant reserves of 37.5 trillion cubic feet of gas equivalent and are the most active driller in the region, operating 22 rigs.
- Antero has invested heavily in midstream infrastructure like processing plants and pipelines to efficiently develop their production and handle increased liquids.
This document provides an overview of Antero Resources Corporation, a company focused on developing natural gas and oil resources from the Marcellus and Utica Shales in the Appalachian Basin. It outlines Antero's large acreage position and drilling inventory across these plays, with an emphasis on liquids-rich areas. Antero has significantly grown production and reserves through an active drilling program while maintaining strong capital efficiency metrics. The company is also building out infrastructure like gathering lines and processing facilities to support its growing scale of operations.
The document summarizes CPFL Energia's 2Q17 results. It reports a 33.1% increase in net operating revenue and 6.3% increase in EBITDA. Key factors contributing to the EBITDA increase included price readjustments in contracts, start-up of new wind farms, and gains in commercial margins. The financial result declined due to exchange rate impacts and derivative losses. Net income decreased 48.7% due to higher financial expenses. Leverage remained stable at 3.28x net debt to EBITDA. The document also provides updates on recent acquisitions, investments, and the State Grid transaction.
In 3 sentences:
CPFL Renováveis reported its 3Q14 results, with operating capacity reaching 1,495 MW and net revenue of R$344 million, up 28% year-over-year. EBITDA was R$218 million, a 47% increase, though extraordinary expenses impacted results. The company also completed its association with DESA, adding over 300 MW of contracted capacity.
CPFL Renováveis reported its 3Q13 results with installed capacity increasing 9% year-over-year to 1,233 MW. EBITDA was R$149 million in 3Q13, down 11% compared to 3Q12 due to extraordinary costs. Net income was negatively impacted by one-time items but adjusted net income was R$30 million in 3Q13. The company has a solid liquidity position and its projects under construction are on track to start operations in 4Q13 and 2016.
Apresentação de resultados portugues v finalersa_ri
O documento apresenta os resultados financeiros da CPFL Renováveis para o terceiro trimestre de 2013. As principais informações incluem: a receita líquida totalizou R$269 milhões no trimestre; o EBITDA foi de R$149 milhões; e a capacidade instalada do portfólio aumentou 9% em relação ao ano anterior, totalizando 1.233 MW.
1) A CPFL Renováveis divulgou seus resultados do primeiro trimestre de 2014, com receita líquida de R$ 289 milhões, um aumento de 26% em relação ao mesmo período do ano anterior.
2) A capacidade instalada da empresa aumentou para 1.416,8 MW após a conclusão de novos projetos eólicos e a aquisição de parques eólicos já em operação.
3) No entanto, o EBITDA da empresa caiu 15% no primeiro trimestre devido a condições hidrológicas desfavoráveis e
1) A apresentação discute os resultados do 3T14, incluindo expectativas sobre eventos futuros de acordo com regulamentações.
2) As informações contêm declarações sobre eventos futuros sujeitos a riscos e incertezas.
3) A apresentação não deve ser entendida como recomendação de investimento e nenhuma decisão deve se basear apenas nas informações fornecidas.
1) A apresentação discute os resultados financeiros da empresa no 2T14, incluindo aumento da receita líquida, EBITDA e capacidade instalada.
2) A empresa observou condições hidrológicas desfavoráveis que reduziram a geração de energia em PCHs no período.
3) A empresa espera concluir a associação com a DESA no 3T14, adicionando 330 MW de capacidade contratada ao seu portfólio.
1) A apresentação inclui declarações sobre resultados futuros de acordo com regulamentações de valores mobiliários brasileira e internacional, baseadas em suposições e análises da Companhia.
2) Fatores como estratégia de negócios, condições econômicas, tecnologia e condições de mercado podem levar a diferenças entre resultados reais e declarações sobre o futuro.
3) As informações não devem ser entendidas como recomendação de investimento e nenhuma decisão deve se basear apenas nelas.
Apresentação de resultados portugues 4_t13_finalCPFL RI
Este documento apresenta os resultados financeiros da CPFL Renováveis no quarto trimestre de 2013, com destaque para:
1) Aumento da receita líquida e do EBITDA em relação ao mesmo período do ano anterior;
2) Conclusão de novos projetos eólicos e a biomassa, ampliando a capacidade instalada;
3) Perspectivas positivas com a assinatura de acordo para aquisição da DESA, ampliando o portfólio para 2,1 GW.
- The presentation discusses CPFL Energia's third quarter 2017 results and provides forward-looking statements subject to risks and uncertainties.
- Key highlights include a 62.7% increase in net operating revenue and a 13.8% increase in EBITDA. Investments totaled R$544 million. Net debt was R$13.7 billion with leverage of 3.24x.
- The acquisition of RGE Sul contributed to sales and EBITDA growth, while unfavorable hydrological conditions impacted energy prices and generation. The State Grid transaction is proceeding as planned.
MPX Energia S.A. is a Brazilian energy company operating since 2012. It currently operates over 1.7 GW of power generation capacity from coal and gas plants. By 2013, additional gas and coal plants totaling 1.1 GW will come online, providing minimum annual revenues of $761 million. MPX also holds a portfolio of licensed thermal and wind power projects totaling 10 GW. It has natural gas exploration and production assets in the Parnaiba Basin through a 33.3% stake in OGX Maranhão. A transaction is proposed whereby E.ON will acquire a 36% stake in MPX to strengthen its capital structure and execution capabilities as it develops its portfolio of energy assets to meet Brazil
MPX Energia S.A. is a Brazilian energy company operating since 2012. It has a portfolio of thermal power plants, wind farms, and natural gas exploration assets. The document provides an overview of MPX's assets and operations, including its ownership of various power plants with a total capacity of over 1.7 GW currently in operation. Additional projects under construction will add over 1.1 GW of capacity by 2013. MPX also has interests in undeveloped wind, coal, and gas-fired power projects. It holds a stake in onshore gas fields that supply its gas-fired plants in the Parnaiba Basin. The presentation discusses Brazil's growing energy demand and MPX's position to capture opportunities in thermal power
TGI is the largest natural gas pipeline system in Colombia, with a network of nearly 4,000 km that transports over half of the country's gas consumption. It has experienced strong growth since its privatization in 2006. TGI has a stable and predictable cash flow due to regulated tariffs indexed to the US dollar. The document provides an overview of TGI, its history, financial and operating highlights including growing revenues, EBITDA and consistent financial performance with low leverage. It also discusses the positive Colombian economic environment and TGI's experienced management team and shareholders.
TGI is the largest natural gas pipeline system in Colombia, transporting over 50% of the country's gas. It has a stable regulated business model and strong financial performance. Some key updates include credit rating upgrades, dividend payments, and the completion of a hedge restructuring. TGI has a solid operational track record with over 3,957 km of pipelines and growing demand for natural gas in Colombia supported by significant gas reserves.
Golar LNG reported its first quarter 2013 results and provided commentary on subsequent events and outlook. Key highlights included operating income of $75.9 million and net income of $85.6 million. Golar Partners completed a follow-on equity offering raising $130 million and Golar sold its interest in a vessel to Golar Partners for $215 million. The company also discussed progress on financing its newbuilding program and potential projects in regions like the Americas and West Africa.
Vulcan Materials reported first quarter 2013 earnings results. Key highlights included aggregates shipments and pricing in line with expectations, and improved profitability in non-aggregates segments. The outlook for 2013 anticipates continued recovery in private construction leading to 1-5% growth in aggregates volumes and 4% increase in aggregates pricing. Earnings improvement is expected across all business segments.
MPX Energia reported strong financial and operational results in 2Q13. Net revenues increased 101.5% due to higher generation capacity. Production of natural gas in the Parnaíba basin reached an average of 4.5 MMm3 per day. While costs increased due to full capacity operations, adjusted EBITDA excludes one-time charges and would be R$50.3 million. The company continues expanding its generation capacity with 1,114 MW currently under construction.
CCR reported its 3Q13 earnings results. Consolidated traffic increased 7.4% compared to 3Q12. Adjusted EBITDA on the same basis increased 18.1% to R$922 million, with margins of 68.1%. Interim dividends of R$0.68 per share were approved. Subsequent events included the transfer of 10% of STP shares to Raízen and winning the concession for the Salvador metro system. The presentation discussed financial highlights, traffic trends, costs, debt levels and investments for the quarter.
This document provides an overview of The AES Corporation and contains forward-looking statements. It summarizes AES's business operations across four continents with 36 GW in operation and 6 GW under construction. It also outlines AES's value proposition, financial metrics, growth drivers through 2018 including a largely funded construction program, and capital allocation plans through 2018 that are expected to increase shareholder value.
- The company reported solid results for Q1 2013, with good performance in several regions offset by some planned dry-docking and lower vessel utilization.
- 2013 guidance was re-iterated, with revenue and earnings expected to show progress despite some project delays and seasonal utilization patterns.
- The company has a record backlog above $10 billion and sees growth opportunities across all its markets, though some industry projects have been postponed.
This document provides a summary of CPFL Energia's business for 3Q15. It discusses CPFL Energia's history of expansion since privatization in 1998 through acquisitions and greenfield projects. It outlines CPFL Energia's key business segments including distribution, generation, trading, and services. For each segment, it provides financial highlights for the period of 2010-3Q15 including net revenues, EBITDA, and net income. It also summarizes CPFL Energia's ambitions for future growth across its business segments.
- CPFL reported financial results for 2Q18 with net revenue growth of 16.5% and EBITDA growth of 33.3% compared to 2Q17.
- Key drivers included a 3.8% increase in energy demand, tariff increases, and the start-up of new renewable generation projects.
- Net debt was R$15.7 billion with leverage of 3.11x net debt/EBITDA, and the company secured R$3.4 billion in new funding.
This document provides an executive summary and overview of AES Corporation's business operations and capital allocation plans for 2014 and 2015. Key points include:
- AES has a diversified portfolio of contracted generation and utility businesses around the world.
- The company is executing a strategy of reducing costs, exiting some markets to improve returns, and leveraging existing platforms for profitable growth.
- AES expects to allocate over 75% of its discretionary cash to debt repayment, investments in growth projects, and increasing shareholder dividends and returns through 2018.
- The company forecasts average annual adjusted EPS growth of 5-6% and total shareholder returns of around 8% over the 2014-2018 period.
CEMAR's billed energy volume increased 12.5% year-over-year to 1,201 GWh in 2Q12. Energy losses decreased 1 percentage point to 20.4% of required energy. DEC and FEC rates increased 10.6% and 0.2% respectively. Adjusted EBITDA rose 4.3% to R$115.2 million while adjusted net income fell 11.6% to R$38.8 million. Total capex reached R$138.1 million, with R$101 million for CEMAR and R$37.1 million for the Light for All Program.
This document provides an overview and summary of TGI's 1H 2013 results. It discusses TGI's history, financial and operating highlights, and expansion projects. TGI has a stable and growing business as the largest natural gas pipeline system in Colombia. It has a dominant market position and generates stable cash flow from long-term regulated contracts. Sizeable expansion projects are underway to increase capacity and meet growing demand.
This document provides an overview and summary of TGI's 1H 2013 results. It discusses TGI's history, financial and operating highlights, and expansion projects. TGI has a stable and growing business transporting natural gas through Colombia's largest pipeline network. It has experienced strong financial performance with predictable cash flows from long-term regulated contracts. Sizeable expansion projects are underway to increase capacity and serve new regions.
Corporate Presentantion CPFL Energia June 2015CPFL RI
This document provides an overview of CPFL Energia's history and operations from 1997 to 2015. It discusses CPFL Energia's expansion through acquisitions and greenfield projects in distribution, generation, and renewable energy. It also summarizes the company's financial performance over time and highlights its ambitions going forward to maintain leadership in operating efficiency across its business segments.
1) CPFL Energia is the largest integrated private electricity company in Brazil with a market cap of R$27.5 billion. It has leadership positions in distribution, generation from renewable sources, and energy trading and services.
2) The company has 9 distribution subsidiaries serving over 9 million customers. Its generation portfolio has 3,283 MW of installed capacity, 95% from renewable sources.
3) For the last 12 months (LTM) as of 3Q17, CPFL Energia reported EBITDA of R$4.5 billion and net income of R$883 million. The company aims to increase operational efficiency through technology and pursue strategic growth opportunities.
Corporate Presentation CPFL Energia April 2015CPFL RI
This document summarizes CPFL Energia's history and operations. It discusses CPFL's expansion since privatization in the late 1990s through acquisitions and new projects. It outlines CPFL's diversified portfolio including distribution, generation, commercialization, services and renewables. Financial highlights from 2010-2014 are provided for each segment. The document also discusses CPFL's ambitions for continued growth and leadership across its business lines.
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2. This presentation may contain statements that represent expectations about future events or results
according to Brazilian and international securities regulators. These statements are based on certain
assumptions and analyses made by the Company pursuant to its experience and the economic
environment, market conditions and expected future events, many of which are beyond the
Company's control. Important factors that could lead to significant differences between actual results
and expectations about future events or results include the Company's business strategy, Brazilian and
international economic conditions, technology, financial strategy, developments in the utilities industry,
hydrological conditions, financial market conditions, uncertainty regarding the results of future
operations, plans, objectives, expectations and intentions, among others. Considering these
factors, the Company's actual results may differ materially from those indicated or implied in
forward-looking statements about future events or results.
The information and opinions contained herein should not be construed as a recommendation to
potential investors and no investment decision should be based on the truthfulness, timeliness or
completeness of such information or opinions. None of the advisors to the company or parties related
to them or their representatives shall be liable for any 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 may include projections of economic growth, demand, energy
supply, as well as information about its competitive position, the regulatory environment, potential
growth opportunities and other matters. Many factors could adversely affect the estimates and
assumptions on which these statements are based.
Disclaimer
3. Creation of CPFL
Renováveis
651.5
Development Acquisition 12/31/2013 (1) 2016 Assets
with PPA
198
328.2
1,153.1
254
1,735.3
328 MW currently
under construction
# 1 Renewable Energy Player in Brazil, with 1.7GW of contracted capacity (67% in
operation)
3.8 GW high quality pipeline
Regionally diversified portfolio (presence within 8 states) with presence in 4 sources
Contracted Capacity
Installed capacity (MW)
(1) Considers the conclusion of the works of 7 (seven) wind farms of the Santa Clara Complex, totalling188 MW which are ready to generate energy,
and are entitled to the revenue corresponding to the billing contracted in the Reserve Energy Auction (LER) 2009 – still pending the conclusion of
the works of ICG (Deployment of Transmission Exclusively of the Interest of Generation Plants for Shared Connection)
(2) Does not include Rosa dos Ventos ,operating asset, acquired in June/13 which still awaits compliance with contractual provisions before conclusion
Overview of CPFL Renováveis
Long-term PPAs and authorizations/concessions
304.0
197.5
254.0
4. • Company’s operating portfolio
in the 2Q13 was significantly
increased by 27.4%, when
compared to the 2Q12
(1) Does not include Rosa dos Ventos ,operating asset, acquired in June/13 which still awaits compliance with contractual provisions before conclusion
Small Hydro Plant (MW)
Solar (MWp)
Wind (MW)(1)
Total in Operation (MW) (1)
Biomass (MW)
2Q12 2Q13
307.6 326.6
2Q12 2Q13
367.6
555.5
2Q12 2Q13
0.0 1.1
2Q12 2Q13
905.2
1153.1
2Q12 2Q13
230.0 270.0
Portfolio per source
27.4%
5. Track Record Execution
Source: ANEEL and Company. (1) Difference between total contracted capacity of 1,735MW and 1,481MW (under construction + acquisitions) refers to assets that shall start operation by 2016.
(2) No Considers Rosa dos Ventos projects acquired in operation, incorporation of which is in the process of being concluded. (3) Does not include Rosa dos Ventos acquired in operation and
still awaits compliance with contractual provisions before conclusion.
Fusion
6. 2Q13 Highlights
1,153 MW of installed capacity in operation, 27%
increase when compared to the 2S12 (905MW)
1S13 Net Revenue reached R$ 416 million, 45%
growth if compared to the 1S12
Rosa dos Ventos' Acquisition, in June, 2013, with two
operating assets within Ceará state, totaling 13.7 MW of
installed capacity
1S13 Ajusted EBITDA reached R$ 285 million, with margin
of 69% and 66% increase
1S13 investments reached R$ 554 million
CPFL Renováveis S.A. has been traded in the BM&F Bovespa
New Market since July 19, 2013 under ticker CPRE3
7. On June 18, 2013, we acquired 100% of Rosa dos Ventos shares with 13.7 of installed capacity in two
operating assets within Ceará state (1);
CE
Aracati
CE
Aracati
Rosa dos
Ventos
Assets
SIIF
Bons Ventos
CPFL R
Installed Capacity 13.7 MW
Load Factor
(average)
39.0%
Physical
Guarantee(average)
5.36 MWm
(1) Acquisition awaits fulfillment of contractual conditions for completion (2) data-base jun/2013
Canoa Quebrada Lagoa do Mato
10.5 MW 3.23 MW
4.10 MWm 1.26 MWm
R$ 350.81 R$ 309.32
DEC/2008 JUN/2009
3.31 MW 1.43 MW
2028 2029
Installed Capacity
Physical Guarantee
PPA
(PROINFA) (2)
Start of Commercial
Operation
Energy Contracted
Term of PPA
Acquisition of Rosa dos Ventos
8. Operational Data
2Q12 2Q13
263
316
0
0.3
195
164
89
161
SHP
SOL
WIND
BIO
546
1S12 1S13
592.0 644.0
0
0.6
343.0
478.0
122.0
182.0
Energy Generated per Source (GWh)
640
1,058
1,304
In 1S13 the CPFL Renováveis reached 1,304 GWh of generated energy, a 23.3% increase compared to
the same period of 2012, due to growth in the portfolio in operation
Note: The energy generation data does not consider the Santa Clara Complex, which is ready to generate energy and has been
receiving the revenue of its contracts – conclusion of the construction of ICG still pending
17.2%
23.3%
9. Net Revenue
The good performance of net revenues was increased by the assets that entered in operation in 2012
(Bio Ipê, Bio Pedra, Santa Clara Wind Farm, Solar Plant Tanquinho and SHP Salto Góes), in addition to
the contribution of acquisitions of Bons Ventos S.A. and the Ester Plant that was incorporated in June
and October 2012
Net Revenue
42%
SHP
0.6%
Solar
12%
Bio
45%
Wind
2Q12 2Q13
151.1
186.7
1S12 1S13
285.8
415.7
23.5%
45.4%
Per Source
10. • Increase mainly explained due to extraordinary expenses energy purchase and charges
• Furthermore, CPFR Renováveis presented extraordinary expenses with energy purchase and sector
charges of R$ 22.8 million in 2Q13 and R$ 46.0 million in 1S13
Cost of energy generation and
General and Administrative ExpensesCosts–R$mmExpenses–R$mm
2Q12 2Q13
70.9
111.0
56.5%
1S12 1S13
130.5
230.6
76.6%
2Q12 2Q13
48.3
64.7
33.8%
1S12 1S13
91.4
118.4
29.6%
12. • CPFL Renováveis structured itself to increase its asset portfolio
• Costs and expenses while many assets still under construction
• Extraordinary expenses (R$ 22.8 million in the 2Q13 and R$ 46.0 million in the 1S13)
• 1st semester sazonality results (generally inferior to 2nd semester)
Net Results
2Q12 2Q13
(5.5)
(51.6)
-837%
1S12 1S13
5.5
(66.8)
13. 2013 2014 2015 2016 2017 2018+
Debt Amortization (R$ mm)
• Average maturity: 6.8 yeas
• Average nominal cost: 7.61%
(98.6% of CDI)
Debt Profile
(1) refers to funds obtained for projects under construction that have not yet obtained the disbursements of its long-term debt
Debt Profile (June, 2013)
Bridge Loans (1)
CDI
29%
Fixed
13%
TJLP
53%
TJ6
3%
IGPM
2%
3,854.4
777.5
3,076.9
4,657.8
528.3
4,129.5
3,504.5
349.9
3,569.5
1,088.3
June 30, 2012 June 30, 2013
Long Term CashShort term Net debt Net debt/Ebitda 7.2x
Net Debt (R$ million) Debt by Indexator(%)
14. Projects under Construction
92% concluída
Start of
operation
Installed
Capacity
(MW)
Assured
Energy(MWm)
Financing PPA
3Q13 50 18.0
BNDES (contracted and
partially disbursed)
ACL – 20 years
UTE Alvorada
92% concluded
15. Projects under Construction
UTE Coopcana
95% concluded
Start of
operation
Installed
Capacity
(MW)
Assured
Energy(MWm)
Financing PPA
3Q13 50 18.0
BNDES (contracted and
partially disbursed)
ACL - 20 years
16. Projects under Construction
Complex dos Ventos II
82% concluded
Start of
operation
Installed
Capacity
(MW)
Assured
Energy(MWm)
Financing PPA
3Q13 30 15.0
BNDES
(under approval)
(bridge - contracted and
disbursed)
LER aug/10 - 20 years
17. 1) Macacos, Pedra Preta, Costa Branca e Juremas;
Start of
operation
Installed
Capacity
(MW)
Assured
Energy(MWm)
Financing PPA
4Q13 78.2 37.5
BNDES
(bridge - contracted and
partially disbursed,
long term under analysis)
LFA aug/10 - 20 years
Projects under Construction
Complex Macacos I1
61% concluded
18. 1) Atlântica I, II, IV e V;
Projects under Construction
61% concluída
Start of
operation
Installed
Capacity
(MW)
Assured
Energy(MWm)
Financing PPA
4Q13 120 52.7
BNDES
(bridge contracted and
disbursed, long term under
analysis)
(bridge - contracted and
disbursed)
LFA 2010 - 20 years
Complex Atlântica1
61% concluded
19. Start of operation 1Q16 3Q16
Installed Capacity
(MW)
82.0 172.0
Assured
Energy(MWm)
40.2 89.0
Financing
BNDES
(being structured)
BNDES
(being structured)
PPA ACL - 19 years ACL - 20 years
1) Campo dos Ventos I, III, V;
2) Ventos de São Benedito, Ventos de Santo Dimas, Santa Mônica, Santa Úrsula São Domingos e Ventos de São Martinho;
Projects under Construction
10% concluded
Complex Campo
dos Ventos1
8% concluded
Complex
São Benedito2
20. Lock-up:
• 8 months for 100% of shareholding interest for selling
shareholders, FIP Brasil Energia and Previ
• 6 months for 100% of shareholding interest for Company,
controlling shareholders and management
• Additional Lock-up of 6 months for 60% of shareholding interest
for selling shareholders, FIP Brasil Energia, Previ, controlling
shareholder and management
Ticker: CPRE3
Listing Segment: BM&Bovespa new market
• The Company concluded its Initial Public Offering (IPO)(1) on July, 2013
• Total amount of R$ 900 million:
• R$ 350 million as primary offering
• R$ 550 million as secondary offering
Capital Markets
(1) The offering is still under way at this time, in the so-called stabilization period, hence the closing announcement has not been published
until this date.
22. Quotations and Charts
• Currently, the Company’s market value is equivalent to R$ 5.3 billion
• More than 4.7 million were traded in shares (~ R$ 56 million)
• Average daily volume of 262 thousand shares (~ R$ 3 million)
Volume (amount) Price (R$)
23. Contacts
Closing Rate:
08/13/2013:
R$ 12.14
Market Value
R$ 5.34 Billion | US$ 2.31 Billion
Miguel Saad
President Director
Marcelo Souza
Financial and Investor Relations Director
Maria Carolina Gonçalves
Investor Relations Superintendent
Daniele de Oliveira
Investor Relations Analyst
Priscila de Oliveira
Investor Relations Analyst
E-mail: ri@cpflrenovaveis.com.br
Telephone: 11- 3157-9305
Press Agency
RP1 Comunicação Empresarial
E-mail: selmasantos@rp1.com.br
Telphone: 11-5501-4655•23