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Conference Call

Conference Call. 4 rd Quarter 2013. Highlights. FINANCIAL. Dividends. OPERATING. Non-technical energy losses/low-voltage billings of 42.2% in 2013, 3.2 p.p. down on 2012; Energy consumption grew by 1.8% between 4Q12 and 4Q13 and 2.9% between 2012 and 2013;

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Conference Call

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  1. ConferenceCall 4rd Quarter 2013

  2. Highlights FINANCIAL Dividends OPERATING • Non-technical energy losses/low-voltage billings of 42.2% in 2013, 3.2 p.p. down on 2012; • Energy consumption grew by 1.8% between 4Q12 and 4Q13 and 2.9% between 2012 and 2013; • Collections stood at 99.3% of billed consumption in 4Q13 and 100.6% in 2013, 2.6 p.p. higher than in 2012; • Provisions for Past Due Accounts (PCLD) represented 1.9% of gross billed energy in 2013, totaling R$158.3 million, R$124.3 lower than the 2012 figure; • Net revenue totaled R$6,602.0 million in 2013 and R$1,701.0 million in 4Q13, 1.4% up on 2012 and 7.2% lower than in 4Q12, respectively; • Consolidated EBITDA closes the year at R$1,696.8 million, 17.9% higher than in 2012. In 4Q13, consolidated EBITDA totaled R$341.7 million, 28.0% million lower than in 4Q12. • Total net income stood at R$587.3 million in 2013, 38.5% up on 2012, and R$129.0 million in 4Q13, 19.4% lower than in 4Q12. • Consolidated net debt came to R$4,024.9 million, with a net debt/EBITDA ratio of 2.84x; • Proposed distribution of R$1.789 per share in dividends related to 2013, to be confirmed by the Annual Shareholders' Meeting to be called.

  3. EnergyConsumptionDistribution – Quarter TOTAL MARKET (GWh) ¹ +0.8% Industrial captive5.5% Free20.6% +1.8% 6.531 6.381 6.415 6.046 Others captives14.0% Residential captive32.1% 26.1ºC 24.6ºC 24.6ºC 23.9ºC Commercialcaptive 27.8% 4Q12 4Q13 4Q10 4Q11 1Note: To preserve comparability in themarketapprovedbyAneel in thetariffadjustmentprocess. thebilledenergyofthefreecustomer CSN hasbeenconsideredback.

  4. Energy ConsumptionDistribution – 2013 TOTAL MARKET (GWh) ¹ +1.5% Free20.7% +2.9% Industrial captive5.4% 24.997 24.658 25.717 24.588 Others captives14.0% Residential captive32.3% 24.5ºC 24.7ºC 23.9ºC 24.1ºC Commercialcaptive 27.6% 2012 2013 2010 2011 1Note: To preserve comparability in themarketapprovedbyAneel in thetariffadjustmentprocess. thebilledenergyofthefreecustomer CSN hasbeenconsideredback.

  5. Total Market ELECTRICITY CONSUMPTION (GWh) TOTAL MARKET – QUARTER +1.8% 6.531 6.415 1.348 1.031 +3.3% +2.2% 2.099 2.032 2.031 1.988 -0.4% 216 192 +1.2% 1.446 1.440 5.182 5.114 949 961 49 1.815 47 1.795 1.062 1.083 912 903 384 356 4Q12 4Q13 4Q12 4Q13 4Q12 4Q13 4Q12 4Q13 4Q12 4Q13 OTHERS TOTAL RESIDENTIAL COMMERCIAL INDUSTRIAL FREE CAPTIVE

  6. Total Market ELECTRICITY CONSUMPTION (GWh) TOTAL MARKET – 2013 +2.9% 25.717 24.997 +2.0% +4.5% 4.943 5.326 8.312 +2.4% 8.149 7.939 7.599 853 +2.3% 743 5.668 5.538 20.054 20.391 3.798 3.712 7.086 200 6.856 191 4.009 4.273 3.598 3.521 1.528 1.395 2012 2013 2012 2013 2012 2013 2012 2013 2012 2013 OTHERS TOTAL RESIDENTIAL COMMERCIAL INDUSTRIAL FREE CAPTIVE

  7. CollectionYear PCLD/Gross Revenue (Billed Sales) - 12 Months COLLECTION RATE BY SEGMENT 12 MONTHS 105.7% 102.5% 100.6% 99.2% 3.2% 101.2% 98.8% 98.0% 3.0% 96.4% 1.9% Total Retail Large Clients Public Sector dec/11 dec/12 dec/1 3 2012 2013

  8. LossPrevention LOSS (12 MONTHS) INSTALLED METERS (Thousand Units) - 3.2% 45.4% 44.9% 44.2% 43.7% 42.2% 32.0% 8.647 8.552 8.584 8.582 8.352 432 351 102 79 227 5.953 5.905 5.738 6.007 6.029 30 330 122 80 272 7 197 2 115 2.614 2.618 2.629 2.647 2.577 78 2011 2012 2013 Dec/13 2009 2010 Mar/13 Jun/13 Sep/13 Dec/12 Communities Technical losses GWh Non-technical losses GWh WithoutCommunities % Non-technical losses/ LV Market % Non-technical losses / LV Market - Regulatory

  9. LossesCombatActionsAPZ Results ByDecember. theprogramcoverd 416 thousandcustomers in 26 APZs. whichones 17 hadtheresultscalculated: -27.4%

  10. LossesCombatActionsPacifiedCommunitiesResults By December. of the 34 pacified communities. Light is already present in 17 of them. having already completed the network reform in 9 of them: -53.0 %

  11. Net Revenue NET REVENUE BY SEGMENT (2013)* NET REVENUE (R$MN) Commercialization 8.5% +3.3% Generation7.9% Distribution83.6%** 7.422 7.182 820 669 +1.6% * Eliminationsnotconsidered ** Constructionrevenuenotconsidered +1.4% 2.066 2.033 6.602 6.513 365 199 -7.2% NET REVENUE FROM DISTRIBUTION (2013) 1.701 1.834 Network Use (TUSD)(Free + Concessionaires)8.4% Residential 43.0% 4Q13 4Q12 2013 2012 Others (Captive) 12.4% Construction Revenue Revenue w/out construction revenue Commercial 5.8% Industrial 30.3%

  12. OperatingCostsandExpenses DISTRIBUTION PMSO COSTS (R$MN) COSTS (R$MN)* 2013 Generation and Commercialization:R$ 740 (11.9%) +13.1% Non manageable (distribution**):R$ 3.753 (65.5%) +21.6% 783 692 Manageable (distribution):R$ 1.241 (21.6%) 214 176 * Eliminationsnotconsidered ** Constructionrevenuenotconsidered 4Q13 2013 4Q12 2012

  13. EBITDA EBITDA BY SEGMENT (R$ MN) +17.9% 1.697 1.439 -28.0% 27.5% 474 342 24.0% 16.7% Generation and Commercialization 35.1% Distribution 72.5% 83.3% 76.0% 64.9% 4Q12 4Q13 2012 2013

  14. EBITDA Adjusted EBITDA – 4Q12 / 4Q13(R$ MN) - 29.9% - 28.0% (8) 138 (33) (133) 88 104 (6) (258) 429 612 193 474 342 Manageable Costs (PMSO) EBITDA4Q13 Regulatory Assets and Liabilities Net Revenue Non-Manageable Costs Adjusted EBITDA 4Q12 Regulatory Assets and Liabilities EBITDA4Q12 Provisions Adjusted EBITDA 4Q13 CDE Fund Others

  15. EBITDA Adjusted EBITDA – 2012 / 2013(R$ MN) - 5.3% + 17.9% (93) (21) (27) 71 297 (272) 330 89 1.697 1.676 1.770 1.439 Manageable Costs (PMSO) EBITDA2013 Regulatory Assets and Liabilities Net Revenue Non-Manageable Costs Provisions Adjusted EBITDA 2012 Regulatory Assets and Liabilities EBITDA2012 CDE Fund Adjusted EBITDA 2013 Others

  16. Net Income ADJUSTED NET INCOME 4Q12 / 4Q13 (R$ MN) - 25.5% - 19.4% 91 58 (4) 251 187 (133) 76 160 129 30 EBITDA Financial Result Taxes Others Adjusted Net Income 4Q12 Regulatory Assets and Liabilities 4Q12 4Q13 Regulatory Assets and Liabilities Adjusted Net Income 4Q13

  17. Net Income ADJUSTED NET INCOME 2012 / 2013 (R$ MN) - 10.7% + 38.5% 37 (90) (41) (14) 258 218 642 587 573 424 EBITDA Financial Result Taxes Others Adjusted Net Income 2012 Regulatory Assets and Liabilities 2012 2013 Regulatory Assets and Liabilities Adjusted Net Income 2013

  18. Indebtedness AMORTIZATION SCHEDULE* (R$ MN) NET DEBT¹ WithoutPensionFund AverageTerm: 4.1 years 4,024.9 4,151.6 1.020 817 777 2.84 675 2.58 569 557 444 438 444 After 2021 2016 2015 2018 2019 2020 Set/13 Dez/13 2017 2014 2021 * Principal only Net Debt / EBITDA U$/Euro 0.5% COST OF DEBT TJLP15.0% IPCA 10.9% 11.08% 11.03% 9.68% Others 1.4% 8.21% 4.87% 4.25% 3.55% 2.24% CDI 72.2% 2010 2011 2013 2012 Nominal Cost Real Cost *ConsideringHedge

  19. Investments CAPEX BREAKDOWN(R$ MN) 2013 CAPEX (R$ MN) Develop. of Distribution System 498.6 +6.1% 928.6 845.0 796.8 153.8 700.6 102.7 132.4 563.8 181.8 116.9 774.8 712.6 694.1 518.8 393.9 446.9 Others 21.8 Losses Combat 192.1 2012 2013 2010 2011 2009 Generation 31.3 Commerc./Energy Eficiency 61.0 Administration 40.2 Investments in Electric Assets (Distribution)

  20. Dividends

  21. ImportantNotice This presentation may include declarations that represent forward-looking statements according to Brazilian regulations and international movable values. These declarations are based on certain assumptions and analyses made by the Company in accordance with its experience. the economic environment. market conditions and future events expected. many of which are out of the Company’s control. Important factors that can lead to significant differences between the real results and the future declarations of expectations on events or business-oriented results include the Company’s strategy. the Brazilian and international economic conditions. technology. financial strategy. developments of the public service industry. hydrological conditions. conditions of the financial market. uncertainty regarding the results of its future operations. plain. goals. expectations and intentions. among others. Because of these factors. the Company’s actual results may significantly differ from those indicated or implicit in the declarations of expectations on events or future results. The information and opinions herein do not have to be understood as recommendation to potential investors. and no investment decision must be based on the veracity. the updated or completeness of this information or opinions. None of the Company’s assessors or parts related to them or its representatives will have any responsibility for any losses that can elapse from the use or the contents of this presentation. This material includes declarations on future events submitted to risks and uncertainties. which are based on current expectations and projections on future events and trends that can affect the Company’s businesses. These declarations include projections of economic growth and demand and supply of energy. in addition to information on competitive position. regulatory environment. potential growth opportunities and other subjects. Various factors can adversely affect the estimates and assumptions on which these declarations are based on.

  22. Contacts João Batista Zolini CarneiroCFO and IRO Gustavo WerneckSuperintendent of Finance and Investor Relations +55 21 2211 2560gustavo.souza@light.com.br Mariana da Silva RochaIR Manager + 55 21 2211 2814mariana.rocha@light.com.br ri.light.com.br www.facebook.com/lightri twitter.com/LightRI

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