AES Brasil is a leading energy company in Brazil that has been operating in the country since 1997. It has over 2,600 MW of installed generation capacity and distributes over 53 TWh of energy annually to 7.7 million consumers. AES Brasil aims to be a leader in operational and financial management in the Brazilian energy sector and expand its installed capacity. The company operates in a regulated industry with tariffs set by the national regulator ANEEL that are adjusted annually based on inflation and productivity factors to incentivize cost efficiencies.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
- AES Eletropaulo saw a 4.3% increase in energy consumption in its concession area in 3Q11. Investments with own resources increased 33.1% to R$198.4 million compared to 3Q10. Net income increased 6.1% to R$348.2 million.
- Operational improvements led to a 13.8% reduction in SAIDI and 10.6% reduction in SAIFI indicators over the last 12 months. The sale of telecommunications assets was finalized with a positive R$457 million impact to 4Q11 net income.
- Financial results were positively impacted by exchange rates and lower cash balances. Market growth from the residential and commercial
The company saw a 0.2% increase in energy consumption in 1Q12. Revenues increased 2.7% due to growth in residential and commercial classes, while EBITDA declined 42% due to higher energy purchase costs and expenses related to improving reliability metrics. Net income declined 60.9% due to increased regulatory costs. Operational cash generation declined 35% while debt levels remained comfortable.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document summarizes the 2003 financial results of Eletropaulo and Tietê. Eletropaulo's market grew 1% in 2003. It invested R$1,654 million between 1998-2003, with R$217 million invested in 2003 to maintain and expand its grid. Key performance indicators like outage duration and frequency improved after privatization and met regulatory standards in 2003. Eletropaulo had high short-term debt, so in September 2003 it proposed readjusting over R$2.3 billion of private debt to recover its investment grade, align cash flows with debt payments, and reduce exchange rate risk. The proposal aimed to significantly deleverage over 3-5
Eletropaulo reported strong financial results in the 2nd quarter of 2005. Net income increased significantly to R$136.8 million compared to a loss in the previous quarter, due to higher operating revenue and lower net financial expenses. Revenue grew due to a tariff adjustment and the completion of a tariff review from 2003. The company also issued bonds of R$474 million in the international market and had its credit rating upgraded.
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.
This document summarizes key performance indicators for a Brazilian utility company from 2006 to 2007. Some of the main points are:
- The percentage of captive consumers increased from 97.5% in 2006 to 99.5% in 2007.
- Total market size grew from 38,183 customers in 2006 to 39,932 in 2007.
- Capex spending was BRL433.5 million in 2006 and BRL444 million in 2007, with most spent on system expansion and maintenance.
- EBITDA declined from BRL2,490.8 million in 2006 to BRL2,312.3 million in 2007, while adjusted EBITDA margin fell from 33.3% to 30.
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
AES Brasil Group is a major electricity distribution and generation company in Brazil with 7 million clients. In 2008, AES Brasil had R$3.2 billion in Ebitda and R$1.7 billion in net income. It has significant market share in distribution but smaller shares in generation. The document provides an overview of AES Brasil's operations, investments, financial performance, regulatory environment and key subsidiaries such as AES Eletropaulo and AES Tietê.
Eletropaulo reported financial results for 3Q08. Total consumption increased 4.9% compared to 3Q07. Adjusted EBITDA decreased 12.1% to R$493.4 million. Net income decreased 24.9% to R$148.3 million. Gross revenue increased 11.3% due to an 8.01% tariff increase and market growth. Costs increased due to higher energy prices and provisions. The company maintained a strong financial position with net debt decreasing 14.8% and cash availability of R$1.373 billion.
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.
AES Brasil Group is a major electricity distribution and generation company in Brazil with 7 million clients. In 2008, AES Brasil had R$3.2 billion in Ebitda and R$1.7 billion in net income. It has significant market share in distribution and owns several hydroelectric power plants. The document provides an overview of AES Brasil's operations, financial performance, regulatory environment and strategy.
- 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
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.
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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
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.
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.
The document provides an overview of AES Brasil Group, which has a presence in Brazil since 1997 and is comprised of seven companies in the energy, distribution, trade and telecommunications sectors. It invests billions in Brazil and has over 7,000 employees. AES Brasil has strong corporate governance and sustainability practices. It has a differentiated dividend policy among its companies. The document also outlines AES Brasil's recognition for quality, safety, management excellence and environmental concern. It provides shareholding structures and lists AES Brasil as the second largest group in the Brazilian electric sector based on EBITDA and net income.
AES Brasil is a major electricity company in Brazil that has been operating in the country since 1997. It serves over 20 million customers across its distribution and generation businesses. AES Brasil has over 7,000 employees and has invested $9.4 billion from 1998-2012. It has solid governance practices and prioritizes safety. AES Brasil's companies include generators AES Tietê and distributors AES Eletropaulo and AES Sul. AES Tietê is among the largest private generators in Brazil while AES Eletropaulo is one of the largest distributors. AES Brasil is focusing on growth projects like new thermal plants and contracting more energy on the free market as physical guarantees from its plants decline.
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.
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.
- AES Eletropaulo saw a 4.3% increase in energy consumption in its concession area in 3Q11. Investments with own resources increased 33.1% to R$198.4 million compared to 3Q10. Net income increased 6.1% to R$348.2 million.
- Operational improvements led to a 13.8% reduction in SAIDI and 10.6% reduction in SAIFI indicators over the last 12 months. The sale of telecommunications assets was finalized with a positive R$457 million impact to 4Q11 net income.
- Financial results were positively impacted by exchange rates and lower cash balances. Market growth from the residential and commercial
The company saw a 0.2% increase in energy consumption in 1Q12. Revenues increased 2.7% due to growth in residential and commercial classes, while EBITDA declined 42% due to higher energy purchase costs and expenses related to improving reliability metrics. Net income declined 60.9% due to increased regulatory costs. Operational cash generation declined 35% while debt levels remained comfortable.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document summarizes the 2003 financial results of Eletropaulo and Tietê. Eletropaulo's market grew 1% in 2003. It invested R$1,654 million between 1998-2003, with R$217 million invested in 2003 to maintain and expand its grid. Key performance indicators like outage duration and frequency improved after privatization and met regulatory standards in 2003. Eletropaulo had high short-term debt, so in September 2003 it proposed readjusting over R$2.3 billion of private debt to recover its investment grade, align cash flows with debt payments, and reduce exchange rate risk. The proposal aimed to significantly deleverage over 3-5
Eletropaulo reported strong financial results in the 2nd quarter of 2005. Net income increased significantly to R$136.8 million compared to a loss in the previous quarter, due to higher operating revenue and lower net financial expenses. Revenue grew due to a tariff adjustment and the completion of a tariff review from 2003. The company also issued bonds of R$474 million in the international market and had its credit rating upgraded.
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.
This document summarizes key performance indicators for a Brazilian utility company from 2006 to 2007. Some of the main points are:
- The percentage of captive consumers increased from 97.5% in 2006 to 99.5% in 2007.
- Total market size grew from 38,183 customers in 2006 to 39,932 in 2007.
- Capex spending was BRL433.5 million in 2006 and BRL444 million in 2007, with most spent on system expansion and maintenance.
- EBITDA declined from BRL2,490.8 million in 2006 to BRL2,312.3 million in 2007, while adjusted EBITDA margin fell from 33.3% to 30.
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
AES Brasil Group is a major electricity distribution and generation company in Brazil with 7 million clients. In 2008, AES Brasil had R$3.2 billion in Ebitda and R$1.7 billion in net income. It has significant market share in distribution but smaller shares in generation. The document provides an overview of AES Brasil's operations, investments, financial performance, regulatory environment and key subsidiaries such as AES Eletropaulo and AES Tietê.
Eletropaulo reported financial results for 3Q08. Total consumption increased 4.9% compared to 3Q07. Adjusted EBITDA decreased 12.1% to R$493.4 million. Net income decreased 24.9% to R$148.3 million. Gross revenue increased 11.3% due to an 8.01% tariff increase and market growth. Costs increased due to higher energy prices and provisions. The company maintained a strong financial position with net debt decreasing 14.8% and cash availability of R$1.373 billion.
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.
AES Brasil Group is a major electricity distribution and generation company in Brazil with 7 million clients. In 2008, AES Brasil had R$3.2 billion in Ebitda and R$1.7 billion in net income. It has significant market share in distribution and owns several hydroelectric power plants. The document provides an overview of AES Brasil's operations, financial performance, regulatory environment and strategy.
- 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
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.
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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
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.
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.
The document provides an overview of AES Brasil Group, which has a presence in Brazil since 1997 and is comprised of seven companies in the energy, distribution, trade and telecommunications sectors. It invests billions in Brazil and has over 7,000 employees. AES Brasil has strong corporate governance and sustainability practices. It has a differentiated dividend policy among its companies. The document also outlines AES Brasil's recognition for quality, safety, management excellence and environmental concern. It provides shareholding structures and lists AES Brasil as the second largest group in the Brazilian electric sector based on EBITDA and net income.
AES Brasil is a major electricity company in Brazil that has been operating in the country since 1997. It serves over 20 million customers across its distribution and generation businesses. AES Brasil has over 7,000 employees and has invested $9.4 billion from 1998-2012. It has solid governance practices and prioritizes safety. AES Brasil's companies include generators AES Tietê and distributors AES Eletropaulo and AES Sul. AES Tietê is among the largest private generators in Brazil while AES Eletropaulo is one of the largest distributors. AES Brasil is focusing on growth projects like new thermal plants and contracting more energy on the free market as physical guarantees from its plants decline.
AES Brasil is a major electricity company in Brazil that has been operating in the country since 1997. It serves over 20 million customers across its distribution and generation businesses. AES Brasil has over 7,000 employees and has invested $9.4 billion from 1998-2012. It has solid governance practices and prioritizes safety. AES Brasil's companies include generators AES Tietê and distributors AES Eletropaulo and AES Sul. AES Tietê is among the largest private generators in Brazil while AES Eletropaulo is one of the largest distributors. AES Brasil is focusing on growth projects like new thermal plants and contracting more energy on the free market as physical guarantees from its plants decline.
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.
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.
The document provides an overview of AES Brasil, one of the largest electricity generation and distribution groups in Brazil. Some key details include:
- AES Brasil has over 7 million consumption units, 53.6 TWh of distributed energy, and 2,658 MW of installed generation capacity.
- It has a presence in Brazil since 1997 and over 7,400 employees.
- Two of its subsidiaries, AES Tietê and AES Eletropaulo, are publicly listed on the Brazilian stock exchange.
- AES Brasil is recognized for its management excellence, quality and safety practices, and environmental stewardship.
- It has a mission to provide reliable, sustainable energy solutions while promoting development and improving lives
The document provides an overview of AES Brasil, one of the largest electricity generation and distribution groups in Brazil. Some key details include:
- AES Brasil has over 7 million consumption units, 53.6 TWh of distributed energy, and 2,658 MW of installed generation capacity.
- It has a presence in Brazil since 1997 and over 7,400 employees.
- AES Tietê is the second largest private electricity generator in Brazil and AES Eletropaulo is one of the largest distribution companies.
- The Brazilian electricity sector is undergoing expansion to meet growing demand, with opportunities for renewable energy growth.
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 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. Finally, it summarizes AES Brasil's recognition for management excellence, quality and safety, and environmental concern between 2009-2012.
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 recognized management excellence and commitment to quality, safety, and environmental concerns.
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.
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 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 in Greater São Paulo.
- Adjusted EBITDA increased 3.2% in 1H07 compared to 1H06. Net profit increased 122.7%.
- Tariffs were reduced by 8.43% effective July 2007 following a regulatory review.
- Investments totaled R$193 million in 1H07 focused on expansion, IT, and loss recovery.
- Operating results were positively impacted by higher energy
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- AES Brasil has been operating in Brazil since 1997 and provides electricity to over 20 million customers through generation, distribution, and service activities. It has over $14 billion invested and 7,600 employees.
- AES Tietê is AES Brasil's generation company with over 3,000 MW of installed capacity from 12 hydroelectric plants. It supplies electricity to AES Eletropaulo through long-term contracts but has also increased exposure to the spot market in recent years.
- Financial results have been strong with growing revenues and EBITDA
6th annual citi brazil equity conference são pauloAES Eletropaulo
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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
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 investing in modernizing its power plants and developing new thermal generation projects to diversify its portfolio and
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
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.
Similar to Apresentação institucional 1_q12_en_v11 (20)
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$831 milhões em 2012, queda no EBITDA de 77% e lucro líquido de 93%, devido à revisão tarifária. Houve também redução nos índices DEC e FEC e aumento de 1% no consumo de energia.
O relatório resume os resultados do terceiro trimestre de 2012, com queda na receita e lucro líquido devido à revisão tarifária e aumento nos custos de compra de energia. Os índices de qualidade como DEC e FEC permaneceram abaixo dos limites regulatórios. A companhia também reestruturou sua dívida alongando prazos e reduzindo custos.
Apresentacao aes eletropaulo_1_t13_final - sem discursoAES Eletropaulo
O relatório resume os resultados do primeiro trimestre de 2013 da empresa, destacando: 1) redução de 13% no DEC e de 10% no FEC em comparação ao mesmo período do ano anterior; 2) geração de caixa de R$ 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
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.
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 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.
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.
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.
AES Brasil Group is a major electricity distribution and generation company in Brazil with 7 million clients. In 2008, AES Brasil had R$3.2 billion in Ebitda and R$1.7 billion in net income. It has significant market share in electricity distribution and ownership of generation and transmission companies. AES Brasil is majority owned by AES Corporation with other shareholders including BNDES and free float.
O documento fornece um resumo do desempenho e da estrutura da AES Brasil em 2009. A empresa atendeu 7 milhões de clientes com receita líquida de R$ 8 bilhões e lucro líquido de R$ 1 bilhão. A AES Eletropaulo, sua maior subsidiária, é a maior distribuidora de energia da América Latina e atende a região metropolitana de São Paulo.
O documento resume o cálculo da despesa e do desembolso do plano de pensão da Fundação Cesp, explicando que a despesa é calculada de acordo com regras contábeis enquanto o desembolso segue regras atuariais. As novas regras da CVM aumentaram a despesa contábil em 2013 devido à redução da taxa de desconto, mas não alteraram o cálculo do desembolso de caixa.
2. AES Brasil Group
• Presence in Brazil since 1997
• Operational Figures:
• Consumption units: 7.7 million
• Distributed Energy: 53.6 TWh
• Installed Capacity: 2,659 MW
• Generated Energy : 13.9 TWh
• 7.4 thousand AES Brasil People
• Investments 1998-2011: R$ 8.1 billion
• Solid corporate governance and sustainable
practices
• Safety as value #1
2
4. Mission & visions
Mission
• Improving lives and promoting development by providing safe,
reliable and sustainable energy solutions
Visions
• Be a leader in operational and financial management in Brazilian
energy generation sector and expand installed capacity
• Be the best distributors in Brazil
4
5. Social responsability: annual investments
of R$ 83 million
Development and transformation of communities
“Casa de Cultura e Cidadania” Project - Offers courses and activities in culture and sports. Directly benefits
approximately 5.6 thousand children and teenagers and indirectly 292 thousand people in 7 units located within
AES Brazil companies‟ areas of operation
Children educational development
“Centros Educacionais Luz e Lápis” Project - Two units in São Paulo attending 300 children from
1 to 6 years old in condition of social vulnerability
Education on safety and efficiency in energy consumption
“AES Eletropaulo nas Escolas” Project - Education about safe and efficient use of energy to 4.5
thousand teachers and 404 thousand students from 900 public schools. The actions include
recreational activities offered in adapted trucks.
Converting consumers to clients
Developed for grid connection regularization. Since 2004, more than 500 thousand families in
low income communities were benefited from better energy supply conditions and social
inclusion.
5
6. Shareholding structure
AES Corp BNDES
C 50.00% + 1 share C 50.00% - 1 share
P 0.00% P 100%
T 46.15% T 53.85%
Cia. Brasiliana
de Energia
C 71.35% C 76.45%
C 99.99% C 99.00% P 32.34% P 7.38%
T 99.70% T 99.99% T 99.00% T 52.55% T 34.87%
AES AES AES AES
AES Sul
Infoenergy Uruguaiana Tietê Eletropaulo
C = Common Shares
P = Preferred Shares
T = Total
6
7. AES Tietê and AES Eletropaulo are listed
in BM&F Bovespa
¹ ¹ Free Float Others² Market Cap³
16.1% 19.2% 56.2% 8.5% U$ 2.0 bi
24.2% 28.3% 39.5% 8.0% U$ 4.9 bi
1 - Parent companies, AES Corp and BNDES, have similar voting capital on each of the Companies: approx 38.2% on AES Eletropaulo and 35.7% on AES Tietê
2 - Includes Federal Government and Eletrobrás shares in AES Eletropaulo and AES Tietê, respectively
3 - Base: 05/31/2012. Considers preferred shares for AES Eletropaulo and preferred and common shares for AES Tietê
7
8. AES Brasil is the second largest group in the
Ebitda1 – 2011 (R$ Billion)
electric sector
5.4 4.9
3.8
2.9 2.9
2.0
1.9
1.5
1.2
0.7
2
CEMIG AES BRASIL CPFL TRACTEBEL NEOENERGIA CESP COPEL EDP LIGHT DUKE
Net income1 – 2011 (R$ Billion)
3.0
2.4
1.6 1.6 1.4
1.2
0.5
0.3 0.3
0.1
AES BRASIL2 CEMIG CPFL NEOENERGIA TRACTEBEL COPEL LIGHT DUKE CESP EDP
1 – excluding Eletrobrás Source: Companies‟ financial reports 8
2 – includes AES Atimus sale (aprox. R$ 1 billion in EBITDA and aprox. R$ 700 million in net income)
9. AES Tietê is the 3rd largest private
Generation installed capacity (MW) - 20121
generator in Brazil
Main privately held Companies
AES Tietê is the 3rd largest among private
AES TIETÊ CPFL DUKE EDP
2,3% 2,4% 1,9% 1,6%
NEOENERGIA
generation companies
TRACTEBEL
6,1% 1,2%
ENDESA
0,8% Approximately 78% of country’s generation
LIGHT
0,8%
installed capacity is state-owned2
Three mega hydropower plants under
DEMAIS CHESF ³
27% 9%
construction in the North region of Brazil with
FURNAS ³
8% 18 GW in installed capacity
ELETRONORTE ³
8% – Santo Antonio and Jirau (Madeira River): 7 GW
COPEL ITAIPU ³
4% 6% – Belo Monte (Xingu River): 11 GW
PETROBRÁS ELETRONUCLEAR ³
5% CEMIG CESP 3%
6% 6% CGTEE ³
1%
ELETROSUL ³
0,4% 1- Sources: ANEEL – BIG (March, 2012) and Companies websites 2- Source: Banks „ reports 9
Total Installed Capacity: 117 GW
3 – Eletrobrás, totaling 35%
10. AES is among the largest distribution
Consumers – Dec/2011
players in Brazil
13%
30%
• 63 distribution companies in Brazil
12%
distributing 430 TWh
AES Brasil
AES Brasil
• AES Brasil is one of the largest electricity
12% CPFL Energia
CPFL Energia
distribution group in Brazil:
5%
7% CEMIG
Cemig – AES Eletropaulo: 45 TWh distributed,
7% 16% 10.5% of the Brazilian market
Consumption (GWh) - 2011 Neoenergia
Neo Energia
– AES Sul: 8.6 TWh distributed, 2.0% of the
13% Brazilian market
Copel
Copel
12% Distribution companies’ operations are
Light
Light
restricted to their concession areas
52%
EDP
EDP Acquisitions must be only performed by
11%
the holdings of economic groups
Outros
Outros
7%
6%
6% 6%
10
12. Energy sector in Brazil: business segments
Free Clients Distribution Transmission Generation
• Consumption of 113 TWh • 63 companies • 68 companies • 13 groups controlling 76% of
(26% of Brazilian total market) • 430 TWh of energy • 68% private sector total installed capacity
• Conventional sources: above distributed in 2011 • 22% private sector
• High voltage transmission
3,000 kW • 1,862 power plants
• 70 million consumers (>230 kV)
• Alternative sources: between • 117 GW of installed capacity
• 67% private sector • 98,648 km in extension
500 kW and 3,000 kW • 73% hydroelectric
• Annual tariff adjustment lines (SIN¹)
• Large consumers can • 17% thermoelectric
• Tariff reset every four or • Regulated public service
purchase energy directly
five years with free access • 5% biomass
from generators
• Regulated public service • Regulated tariff (annually • 4% SHPP2
• Free contracting environment
• Regulated contracting adjusted by inflation)
• 1% Wind
environment
• Contracting environment –
¹ Interconnected National System
free and regulated markets 12
² Small Hydro Power Plants Sources: EPE, Aneel, ONS and Banks‟ reports
13. Energy sector in Brazil:
contracting environment
Regulated market Free market
Generators, Independent Power Producers Generators and Independent
(IPPs), Trading companies and Auto producers Power Producers (IPPs)
Auctions: New Energy
Bilateral contracts (PPAs1)
and Existing Energy
Distribution companies Free clients
• Main auctions (reverse auctions):
– New Energy (A-5): Delivery in 5 years, 15-30 years regulated PPA1
– New Energy (A-3): Delivery in 3 years, 15-30 years regulated PPA1
– Existing Energy (A-1): Delivery in 1 year, 5-15 years regulated PPA1
1 – Power Purchase Agreement 13
14. Electric sector in Brazil:
demand and supply balance
Static balance – Load x Supply (considering reserve energy1)
100,000
90,000 • Brazilian electric system
Static balance - Load x Supply (MW avg)
80,000
presents a surplus in the
70,000
60,000 energy balance for the
50,000
years to come
40,000
30,000 • Low risk of rationing
20,000
• Expansion opportunities
10,000
- since this capacity is not
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Balance (%) 5.9% 7.8% 11.2% 9.6% 8.4% 10.0% 10.6% 8.2% 5.4% 4.2%
yet fully contracted
Balance 3,528 4,875 7,443 6,684 6,097 7,590 8,404 6,734 4,673 3,770
Reserve 439 1,007 1,509 1,743 1,746 2,959 2,959 2,959 2,959 2,959
Supply 62,912 66,355 72,585 74,492 76,823 80,320 84,428 85,886 87,601 90,409
Load 59,823 62,487 66,651 69,551 72,472 75,689 78,983 82,111 85,887 89,598
1- Energy destined to equalize the differences between the sum of power plants‟ physical guarantees and the system‟s physical guarantee.
2- Supply based on physical guarantee 14
15. Generation market overview
Installed capacity (GW)1 Growth by source - new auctions (GW)
Total: 22 GW
166 171
156 162
141 148
133 136 19
123 5 8 11 14 2
117 2 3 Thermal
24 28 33 38 41 42 42 2,6
6 13 23
Renewables
110 110 110 110 110 110 110 110 110 110 10,6
Hydro
8,6
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Current installed capacity Auctioned Upcoming auctions
• Brazilian installed capacity to grow 4-5% y.o.y (~ 5 GW) over the next 10 years
• Renewable energies will lead the capacity increase with competitive cost vs. other technologies and strong
Government support
• Gas-fired thermal to leverage on the pre-salt discoveries and on the dispatchability benefit
1- Source: EPE (Energetic Research Company), Ten-year Energy Plan 2020, May/2011
2- Amount related to thermal is an estimate of the Company 15
16. Energy sector in Brazil:
regulatory methodology
Tariff reset and readjustment
• Tariff Reset is applied each 4 years for AES Eletropaulo
− Base date: Jul/2011 • Parcel A Costs
− Parcel A: costs are largely passed through to the tariff Energy − Non-manageable costs that are largely
Purchase passed through to the tariff
− Parcel B: costs are set by ANEEL Transmission
− Incentives to reduces costs
Sector Charges
• Tariff Readjustment: annually
− Parcel A : costs are largely passed through to the tariff
Regulatory
− Parcel B: cost are adjusted by IGPM +/- X(1) Factor Opex • Regulatory Opex:
(PMSO)
– Efficient operating cost determined by
ANEEL (National Electricity Agency)
X WACC Investment
Remuneration
• Remuneration Asset Base:
Remuneration
Asset Base – Prudent investments used to calculate
the investment remuneration (applying
X Depreciation WACC) and depreciation
Depreciation
Regulatory Parcel A - Non-Manageable Costs
Ebitda
Parcel B - Manageable Costs 16
1 – X Factor: index that captures productivity gains
17. Energy sector in Brazil:
regulatory methodology
3rd Cycle of tariff reset – X factor
X FACTOR Pd Q T
= + +
Distribution Operational expenses
DEFINITION Quality of service
productivity trajectory
Capture productivity Stimulate Implement
OBJECTIVE gains improvement of operational expenses
service quality trajectory
Defined at tariff reset, Defined at each tariff Defined at tariff reset,
considers the average readjustment, considers considers reference
productivity of sector variation of SAIDI and company and
APPLICATION adjusted by market SAIFI and comparative benchmarking
growth and performance of discos methodologies
consumption variation
17
18. Timeline 2012 – 3rd cycle tariff reset
-ANEEL‟s Board of
Directors approved opening
of public hearing Response to Final definition
audit report - Deadline to on ANEEL‟s
-Release of ANEEL‟s public hearing Board of
preliminary proposal of Regulatory
Asset Base contributions Director
-5.14% as economic effect meeting
and -8.81% as average
effect for clients
April, April, April, April, May, May, 11th to June July,
10th 12th 23rd 26th 11th June. 4th 4th
- Initial period
of public
hearing Tariff
contribution Tariff reset
Interaction adjustment
public hearing
- ANEEL with the incorporating
in person
provided regulator the settlement
session
information of tariff reset
and technical
notes
19.
20. AES Tietê overview
Generation facilities
18 hydroelectric plants in São Paulo and Minas Gerais
30-year concession valid until 2029; renewable for
another 30 years
Installed capacity of 2,663 MW, with physical guarantee1
of 1,282 MW average
Almost all the amount of energy that AES Tietê can sell
is contracted with AES Eletropaulo until the end of 2015
AES Tietê can invest in generation, its main activity, and
operate in energy trading
364 employees as of March, 2012
20
1 - Amount of energy allowed to be long term contracted
21. Generated energy shows high
operational availability
Generated energy (MW avarage1) Generated energy by power plant (MW average1)
136% 7%
130% 130% 4%
125% Agua Vermelha
124% 5%
Nova Avanhandava
6%
Promissão
9% 59% Ibitinga
1,753 Bariri
1,665 Barra Bonita
1,599 1,582 1,612 10%
Other Power Plants*
2009 2010 2011 1Q11 1Q12
Generation - Mwavg Generation/Physical guarantee
1 – Generated energy divided by the amount of hours * Caconde, Limoeiro, Mogi and SHPPs 21
22. A significant amount of billed energy and net
revenues comes from the bilateral contract with
AES Eletropaulo
Billed energy (GWh) Net revenues (%)
94%
88% AES Eletr
94%
14,729 15,122
14,706 117 301 554 94% Outros co
117 301
1,150 1,340
1,150 204
1,340
331
2,331 1,980 426 215 MRE
1,680 2,331 1,980 346
1,135
1,188
1,554 Mercado
1,535
1%
4,867 6%3%
11,108 11,108 11,108 162
3,645 108 570 2%
11,138 11,108 11,108 1%
424 1,256 3%
8,578 587 3%
AES Eletropaulo
8,045 2%
1% 2%
2,526 2,879
3%
Other bilateral contracts
AES Eletropaulo
2%
2009 2010 2011 1Q11 1Q12
SpotEletropaulo
AES Market
Other bilateral contracts
2008 2009 2010 9M10 9M11
MRE Market contracts
Spot bilateral
Other
AES Eletropaulo MRE1 Spot Market Other bilateral contracts
1 – Energy Reallocation Mechanism MRE1
Spot Market 22
23. Nova Avanhandava and Ibitinga power
plants modernization investments
Investments (R$ million) 1Q12 Investments
175 86%
19
82
174 11%
12 156 3%
38
4 21
70
2
34
19
Equipment and Maintenance
2010 2011 2012(e) 1Q11 1Q12
New SHPPs *
IT Projects
Investments New SHPPs*
*Small Hydro Power Plants 23
24. Growth opportunities and
capacity expansion obligation
“Thermal São Paulo” Project
- Natural gas combined cycle thermal plant, with 550 MW of installed capacity
- Gas unavailability for A-5 energy (2011)
- Project registered in 2012 A-3 and A-5 auctions. Deadlines to turn in the gas contract are June 28th and August 6th,
2012, respectively
- Environmental license was suspended by court injunction, but on May 15th, 2012, the State of São Paulo Court of
Appeals has suspended the injunction. A decision on the merits of the appeal is still pending
- Next steps: Fullfillment of requirements to obtain the installation license
“Thermal Araraquara” Project
- Purchase option acquired in March, 2012
- Natural gas combined cycle thermal plant, with 579 MW of installed capacity
- Registered for A-3 and A-5 energy auctions in 2012
- High sinergy potential with Thermal São Paulo
Expansion Obligation
- April 26th: Presentation of the Company‟s capacity expansion plan (Thermal São Paulo Project)
24
26. Steady earnings distribution on a
quarterly basis
Net income and dividend pay-out1 (R$ million)
110% 117% 109%
• Dividends distribution practice:
11% 11% 11% 100% of net income
– 25% of minimum pay-out
706 737 according to bylaws
– Average payout since 2006:
31
106%
– Average dividends since 2006:
R$ 745 million per year
845
742 706
193 246
(36)
2009 2010 2011 1Q11 1Q12
Pay - out Yield Pref Recurring Non- recurring
26
1 – Gross value
27. Debt profile
Net debt (R$ billion) Amortization schedule – principal (R$ million)
0.3x 0.3x 0.3x 0.4x
0.3x
300 300 300
0.4 0.5
0.4 0.4 0.5
2009 2010 2011 1Q11 1Q12 2013 2014 2015
Net Debt Net Debt / EBITDA
• March, 2012:
– Average debt cost in 1Q12 was 115% of CDI1 p.a. or 15% p.a.
– Average debt maturity of 2.0 years
27
1 – Brazilian Interbank Interest Rate
28. Capital markets
AES Tietê X Ibovespa X IEE Daily avg volume (R$ thousand)
12 Months1
130 16,754
13,922 12,934
120 + 16%
+ 13% 10,187 2,838
110 + 10%
+ 9% 4,239 3,397
100
2,101
90 13,916
-16% 8,086 9,683 9,537
80
70
May-11 Aug-11 Oct-11 Dec-11 Mar-12 May-12 2009 2010 2011 YTD May/12
Ibovespa IEE² GETI4 TSR³ GETI3 Preferred Common
• Market Cap4: US$ 4.9 billion
• BM&FBovespa: GETI3 (common shares) and GETI4 (preferred shares)
• ADRs negotiated in US OTC Market: AESAY (common shares) and AESYY
(preferred shares)
1 – Index: 05/31/2011 = 100 2 – Electric Energy Index 3 – Total Shareholders‟ Return 4 – Index: 05/31/2012 28
29.
30. AES Eletropaulo overview
Concession area
Largest electricity distribution company in Latin America
Serving 24 municipalities in the São Paulo Metropolitan area
Concession contract valid until 2028; renewable for another 30
years
Concession area with the highest GDP in Brazil
45 thousand kilometers of lines and 6.3 million consumption
units in a concession area of 4,526 km2
45 TWh distributed in 2011
AES Eletropaulo, as a distribution company, can only invest in
assets within its concession area
5,809 employees as of March, 2012
30
32. Industrial Class
Industrial class X Industrial production in São Paulo State
15%
10%
5%
0%
• Industrial consumption is
-5%
-10%
influenced by manufacturing
Economic crisis Economic recovery
-15% industry performance in São Paulo
Jul/07 Feb/08 Sep/08 Apr/09 Nov/09 Jun/10 Jan/11 Aug/11 Mar/12
State
Industrial production SP (% 12 months) Industrial (% 12 months)
Consumption of industrial class by activity1 – AES Eletropaulo • Recent slowdown is influenced by
the decrease of industrial
production in 2011 and 2012
Vehicles,
Chemical,
Rubber,
Plastic
Other and Metal
industries products
52% 48%
32
1 – As of March, 2012.
33. Residential class
Residential class X Average income in São Paulo Metropolitan Area
1,800 4,800
Average Income R$ - SP (q-2¹)
• Residential consumption driven
Residential (GWh)
1,600 4,300
by average income
1,400 3,800 • Income expansion trend in São
Paulo Metropolitan Area will
1,200 3,300
sustain growth of residential class
1,000 2,800 • Average annual growth (2003-
1Q06 3Q06 1Q07 3Q07 1Q08 3Q08 1Q09 3Q09 1Q10 3Q10 1Q11 3Q11 1Q12
2011):
Avg Real Income R$ - SP (q-2¹) Residential (GWh)
– total residential market: 5.5% y.o.y
Consumption per consumer (in kWh)
– consumption per consumer: 2.1%
y.o.y
- 9.4%
258 Consumption per consumer is
Rationing still 9.4% lower than in
229 234
223 228
219 the period before the rationing
220 213
203 207
199
192
1 - Two quarters of delay in relation to consumption 33
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
34. Investments focused on grid automation,
maintenance and system expansion
Investments breakdown (R$ million) Investments 1Q12 (R$ million)
53
744 6
800
682 7
29
700 46 7
28
600 516 530 22
383 16
500 37
44
400 22
715
654
300
478 513
200 362 Maintenance
100 Client Service
System Expansion
0
Losses Recovery
2009 2010 2011(e) 9M10 9M11
IT
Capex Paid by Customers
Paid by the Clients
Others
34
35. SAIDI reduction as a result of
action plan implementation
SAIDI - System average interruption duration index
10.09
- 26%
9.32 10.09
8.68
9.32
8.68
11.86 10.60 10.36
11.86 10.60 10.36 3.47
2.57
1 1
2009 2010 2011 3M11 3M12
2009th 2010 2011
8th 7th 6
SAIDI (hours) SAIDI Aneel Reference
SAIDI (hours) SAIDI Aneel Reference
ABRADEE ranking position among the 28 utilities with more than 500 thousand customers
► 2012 SAIDI ANEEL Reference: 8.67 hours
Sources: ANEEL, AES Eletropaulo and ABRADEE
35
1 – Accumulated 3 months (Jan-Mar) 2011 and 2012
36. SAIFI remains below regulatory limit
SAIFI - System average interruption frequency index
7.87
7.39
6.93
- 22%
7.87
7.39
6.93
6.17 5.43 5.45 1.80
1.40
6.17 5.43 5.45
1 1
2009 2010 2011 3M11 3M12
7th 3rd 4th
2009 2010 2011
SAIFI (times) SAIFI Aneel Reference
SAIFI (times) SAIFI Aneel Reference
ABRADEE ranking position among the 28 utilities with more than 500 thousand customers
► 2012 SAIFI ANEEL Reference: 6.87 times
Sources: ANEEL, AES Eletropaulo and ABRADEE
36
1 – Accumulated 3 months (Jan-Mar) 2011 and 2012
37. Operational KPIs
Losses (%) Collection rate (% over Gross Revenues)
11.8 10.9 10.5 10.8 10.4
5.3 4.4 4.3
4.0 4.0
6.5 6.5 6.5 6.5 6.4
2009 2010 2011 1Q11 1Q12
Technical Losses Commercial Losses
ANEEL References:
From Jul/09 to Jun/10: 12.32% From Jul/10 to Jun/11: 12.45%
37
38. “Creating Value” Project
Internal process review:
(i) operating activities; (ii) support functions Objective: to operate
Target definition for productivity within the regulatory
increase
framework for
Reassess organization structure
operational costs,
Review supply management and seek benchmark
position in the
Reassess and reinforce non-technical
losses initiatives sector
38
39. Financial highlights
Net revenues (R$ million) Ebitda (R$ million)
2,413 2,848
9,697 9,836
8,786 426 934 426
1,775
87 89 339 87 357
- 442 301 58
197 202
245 332
2,423 2,472 1,607 1,648
1,486 1,630
1,491 1,473 5491,325 1,326
318
134
415 136
182
2009 2010 2011 1Q11 1Q12 2009
2008 2010
2009 2011
2010 1Q11
9M10 1Q12
9M11
Regulatory assets and liabilities
Recurring
Non-recurring
Regulatory assets and liabilities
1
Non-recurring
Ebitda
39
1 – Non recurring 2011 : Includes sale of AES Eletropaulo Telecom with a R$ 707 million impact on Ebitda
40. Earnings distribution
on semi-annual basis
Net income and dividend payout1 (R$ million)
114.4% 140.0%
93.4% 120.0%
54.4% 100.0%
80.0%
60.0%
40.0%
20.0%
28.6% 17.1% 0.0%
20.4% • Dividends distribution practice:
1,572
distribution above the minimum
1,348
1,156 required
1.572
114.4% 652 140.0% - 25% of minimum pay-out according
93.4% 350
1.348 120.0%
1.156 54.4% 100.0% to bylaws
80.0%
374 652 60.0% – Average payout since 2006: 83%
236350 40.0%
20.0% per year
20.4% 374 28.6%
Pay-out 287
17.1% Yield0.0%
PN
160
236 – Average dividends since 2006:
287
160 R$ R$ 904 million per year
762 282
622 634
762 282
92 110
622 634
190
92 11098 13
190 98
2009 2010 2011 1Q11 1Q12
2009 2010
Pay-out 2011 1Q11
Yield PN 1Q12
Net Income - ex one-off and regulatory assets and liabilities
Regulatory assets andand liabilities
Regulatory assets liabilities One-off Série3
1 – Gross amount One-off 40
2– Non recurring 2011 : Includes sale of AES Eletropaulo Telecom with a R$ 467 million impact on net income
41. Debt profile
Net debt
2.0x
1.6x 1.6x
1.4x 1.3x 1.4x
2.5 2.4 2.4
0.9x
0.8x 0.9x 0.9x • March, 2012:
2.3 2.4
- Average debt cost: 11.9% p.a.
- Average debt maturity: 6.9 years
2009 2010 2011 1Q11 1Q12 2009 2010 2011 1Q11 1Q12
Net Debt (R$ billion) Gross Debt/Ebitda Adjusted with Fcesp
Net Debt/Ebitda Adjusted with Fcesp
Amortization schedule – principal (R$ million)
1.154
0.5% 72%
579 753
46 496
421 363 389 60 385
28%
70 277 52 282 64
61
533 49 56
351 436 400
302 337 321
228 226
2012 2013 2014 2015 2016 2017 2018 2019 2020 -
CDI
1
IGP - DI
2
Others
2028
Local Currency (ex FCesp) Fcesp
41
1 – Brazilian Interbank Interest Rate 2 – Inflation Index 3 – Pension Fund
42. Capital markets
AES Eletropaulo X Ibovespa X IEE Average daily volume (R$ thousand)
12 Months1
140
B
A 49,695
120
+ 13%
100
- 8% 26,897
24,496
21,960
80 - 16%
- 31%
60
40
May-11 Aug-11 Oct-11 Dec-11 Mar-12 May-12 2009 2010 2011 YTD May/12
Ibovespa IEE² AES Eletropaulo PN AES Eletropaulo TSR³
A Ex dividends: 08/11/2011
B Material Fact 10/04/2012: technical notes published by Aneel regarding the calculation
of the preliminar tariff review rate, including the regulatory asset basis .
• Market cap4: U$ 2.0 billion
• BM&FBOVESPA: ELPL3 (common shares) and ELPL4 (preferred shares)
• ADRs at US OTC Market: EPUMY (preferred shares)
1 – Information until 05/31/2012. Index: 31/05/2011 = 100 2 – Electric Energy Index 42
3 – Total Shareholder Return 4– Index: 05/31/12. Calculation includes only preferred shares
44. Costs and expenses
Costs and operational expenses1 (R$ million)
415 433 420
433 420
415
351
187 174
187 201 174
112
201
117
239 246 214 245 24678 245
214 51
29
49 66
2008
2009 20102009 2011 2010
1Q11 2011
1Q12
Energy Purchase, Transmission and Connection Charges, and Water Resources
Other Costs and Expenses 2
1 – Do not include depreciation and amortization 2 - Personnel, Material, Third Party Services and Other Costs and Expenses 44
45. Costs and expenses
Costs and operational expenses1 (R$ million) PMS2 and other expenses (R$ million)
1,306 1,255 1,267
6,745 6,956 254 132
6,431 165
6,745
6,431
1,255 1,267
5,893
1,306
1,255
1,306 5,006 5,129 352 443 513
1,193
970 909
5,689
401
5,125 5,490 348
5,490 1,707 1,937
4,700 5,125 700 647 70 84
4,036 401
4,220 622
348 132
126
1,359 1,535 185
151
2009 2010 2011 1Q11 1Q12 2009 2010 2011 1Q11 1Q12
2008 2009 2010 9M10 9M11
Energy Supply and Transmission Charges
PMS² and Others Expenses PMS² and Others Expenses
Total
Personnel and Payroll Material and Third Party Others
1 – Do not include depreciation and amortization
2 - Personnel, Material, Third Party Services and Other Costs and Expenses 45
46. AES Tiete's expansion obligation
Efforts being made
Privatization Notice Judicial Notice: AES Tietê was In March, 19th the by the Company to
established the Aneel informed summoned to answer a Company‟s appeal
The Company was notified meet the obligation :
obligation to expand the that the issue is Lawsuit filed by the was denied. Thus,
by the State of São Paulo
installed capacity in not related to State of São Paulo, on April, 26th AES
Attorney's Office to present
which requested the • Long-term energy
15% (400 MW) until the concession its understanding on the Tietê presented
2007, either in agreement and fulfillment of the “Thermo São Paulo” contracts (biomass)
matter, having filed its
greenfield projects must be obligation in 24 months. project as the plan
response on time, the totaling an average of
and/or through long addressed with proceedings were ended, An injunction was to fullfill the
term purchase the State of São since no other action was granted in order to have obligation to 10 MW
agreements with new Paulo taken by the Attorney's a project submitted expand the installed
plants Office within 60 days. capacity. • SHPP São Joaquim
- started operating in
July, 2011, with 3 MW
of installed capacity
1999 2007 Aug/08 Oct/08 Jul/09 Sep/10 Sep/11 Nov/11 Apr/12 • SHPP São José -
started operating in
March, 2012, with 4
MW of installed
Company faces restrictions until capacity
Popular Action:
deadline: In response to a Popular Lawsuit:
Due to the plaintiffs failure
• Insufficiency of hydro resources Action (filed by The Company • Thermal SP - Project
to specify the persons that
• Environmental restrictions individuals against the should be named as appealed to the of a 550MW gas fired
Federal Government, Defendants, a favorable State of Sao
• Insufficiency of natural gas supply Aneel, AES Tietê and thermo plant
decision was rendered by Paulo State Court
• New Model of Electric Sector (Law # Duke), the Company the first Instance Court of Appeals and
10,848/2004), which forbids bilateral presents its defense the injunction was
• Thermal Araraquara
(an appeal has been filed)
agreements between generators and before the first instance kept - Acquisition of a
distributors purchase option
46
47. Eletrobras lawsuit
Next Steps:
1 - The
State-owned In accordance to appraisal
Eletropaulo was Eletrobras, after the procedure procedure (AP)
spun-off into four winning the that was On July 7, the is expected to
companies and, interest stipulated by 2nd judge determined
Eletrobras and begin by the
Stated-owned according to our calculation Instance Court Eletropaulo and
CTEEP appealed 2nd half of 2012
Eletropaulo understanding discussion, filed after an appeal CTEEP to present
based on the to the Superior 2 – AP is
borrowed money an Execution Suit from AES their
spin-off Court of Justice expected to be
from Eletrobras aiming the Eletropaulo, considerations,
agreement, the (SCJ) concluded in at
collection of the Eletrobras which occurred in
discussion was amounts that requested the 1st August least 6 months
transferred to were in default Instance Court to 3 - After AP‟s
CTEEP appoint an expert conclusion, a
1st Instance
Court decision
will be issue
> In case of an
Nov/86 Dec/88 Jan/98 Apr/98 Sep/01 Sep/03 Oct/05 Jun/06 May/09 Dec/10 Jul/11 unfavorable
decision:
4 –Appeal to
the 2nd
Instance Court
5 - Collection
State-owned
starts.
Eletropaulo and
Presentation of
Eletrobras The SCJ annulled Eletrobras
Privatization Based on the guaranty
disagreed on how the 2nd Instance requested the
event . State- spin-off protocol,
to calculate Court decision 6 - Request to
owned he 2nd Instance beginning of the
interest over that and sent the appraisal procedure seize the
Eletropaulo Court excluded
loan and two Execution Suit before the 1st guaranty
became AES AES Eletropaulo
lawsuits, which back to the 1st Instance Court
Eletropaulo from the lawsuit 7 - Appeals to
were later merged Instance Court
the Superior
into one, were
Courts
initiated
47