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EDP Energias do Brasil | 2011 3Q11 Results Presentation.

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Presentation on theme: "EDP Energias do Brasil | 2011 3Q11 Results Presentation."— Presentation transcript:

1 EDP Energias do Brasil | 2011 3Q11 Results Presentation

2 This presentation may include forward-looking statements of future events or results according to regulations of the Brazilian and international securities and exchange commissions, These statements are based on certain assumptions and analysis by the company that reflect its experience, the economic environment and future market conditions and expected events, many of which are beyond the control of the company, Important factors that may lead to significant differences between the actual results and the statements of expectations about future events or results include the company’s business strategy, Brazilian and international economic conditions, technology, financial strategy, public service industry developments, hydrological conditions, financial market conditions, uncertainty of the results of future operations, plans, objectives, expectations and intentions, among others, Considering these factors, the actual results of the company may be significantly different from those shown or implicit in the statement of expectations about future events or results, The information and opinions contained in this presentation should not be understood as a recommendation to potential investors and no investment decision is to be based on the veracity, current events or completeness of this information or these opinions, No advisors to the company or parties related to them or their representatives shall have any responsibility for whatever losses that may result from the use or contents of this presentation, This material includes forward-looking statements subject to risks and uncertainties, which are based on current expectations and projections about future events and trends that may affect the company’s business, These statements include projections of economic growth and energy demand and supply, as well as information about the competitive position, the regulatory environment, potential opportunities for growth and other matters, Several factors may adversely affect the estimates and assumptions on which these statements are based, Disclaimer 2

3 Growth of 5.7% in energy volume sold to final customers in 3Q11in distribution segment (+4.3% at EDP Bandeirante and +8.4% at EDP Escelsa); Tariff readjustment of 6.89% for EDP Escelsa as from August 2011, with average impact on final consumers of 2.97%; ANEEL approved the increase of 73.4 MW in the installed capacity of Jari HPP (total capacity of 373.4 MW); Closing of ECE Participações S.A. full acquisition, holding a 90% stake in the concession rights to Jari HPP (Oct. 13, 2011); Beginning of Jari project’s installation (Aug. 11) and 95% of Pecém project already concluded; Liquidity increase during 3Q11 reflecting the secondary share offering, which increased the Company’s free float from 49%. 3Q11 Highlights 3

4 Non-recurring Events (3Q11) 4 RGR (Global Provision for Reversion): retroactive constitution of the RGR at the group’s distributors relative to Jan-Sep./11 (ANEEL’s resolution 3,690): -R$ 30 million being R$ 12 million at Bandeirante and R$ 18 million at Escelsa; Post Employment Fringe Benefits: cost migration from Personnel Expenditures/Social Benefits to Financial Result (IAS 19/CPC 33), without impact on Net Income : +R$ 15.9 million in 2011 and +R$ 11 million 2010. Impacts on EBITDA: - R$ 14.1 million Impairment losses on shares of Rede Energia S.A. due to the marking-to-market of financial assets (CPC 38 – financial instruments): R$ 12.8 million. Impacts on Income before Taxes: - R$ 42.8 million

5 LOSSESENERGY SALES VOLUME Operating Performance 2,257 GWh 3Q10 2,172 GWh 3Q11 -3.8% Generation Commercialization 5,890 GWh 3Q10 6,161 GWh 3Q11 4.6% Distribution DISTRIBUTION CONSUMPTION MIX 2,153 GWh 3Q10 2,575 GWh 3Q11 19.6%

6 Financial Performance (R$ MM) MANEAGEBLE EXPENDITURES (without D&A)OPEX/GROSS MARGIN EVOLUTION (%) EBITDANET REVENUE R$ 1,247 3Q10 R$ 1,321 3Q11 + 5.9 % R$ 315 3Q10 R$ 362 3Q11 + 14.8 % R$ 3,671 9M10 R$ 4,047 9M11 + 10.2 % R$ 1,127 9M10 R$ 1,237 9M11 + 9.8 %

7 Financial Performance (R$ MM) FINANCIAL RESULTSNET INCOME -R$ 48 3Q10 -R$ 76 3Q11 + 55.9 % R$ 73 3Q10 R$ 92 3Q11 + 26.6 % - R$ 149 9M10 R$ 201 9M11 + 35.2 % R$ 382 9M10 R$ 409 9M11 + 7.1 %

8 Debt DEBT Sep. 30 X Jun. 30 Gross Debt: ↑ 1.8%R$ 3,310.2 million Cash and Equiv.: ↑ 25.8%R$ 950.2 million Net Debt: ↓ 5.4%R$ 2,360.0 million Average Cost: ↑ 0.9 p.p.10.0% Average Term: ↑ 0.3 years5.6 years INDEX BREAKDOW DEBT BREAKDOW PER COMPANY

9 Investments CAPEX COMPOSITION (09/30/2011)CAPEX (R$ MM) R$ 266 3Q10 R$ 242 3Q11 -9.0% R$ 570 9M10 R$ 526 9M11 -7.8%

10 www.edpbr.com.br/ri Maytê Souza Dantas de Albuquerque Leandro Salles Santos Marilia Barbosa Nogueira Rogério Kovacevic Pacheco Felipe Rhavy de Campos Antunes E-mail: ri@edpbr.com.br Telefone: +55 11 2185-5907 Site: www.edpbr.com.br/ri


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