AES Eletropaulo invests R$ 144.7 Million in 1Q13
Comments by Mr. Rinaldo Pecchio Junior – CFO and Investor Relations Officer
SAO PAULO, May 8, 2013 /PRNewswire/ — Eletropaulo Metropolitana Eletricidade de Sao Paulo S/A, [BM&FBovespa: ELPL3, ELPL4; ADRs negotiated at US OTC Market] announced 1Q13 results.
The total market in AES Eletropaulo’s concession area grew by 2.2% in 1Q13 to 11,401 GWh. The 0.6% rise in the captive market in the quarter resulted from 3.8% higher consumption by the residential class, due to an increase in real income in the Sao Paulo Metropolitan Area early in the year. The commercial and industrial classes also recorded increases against 1Q12, of 5.1% and 2.0% respectively, not including the effect of client migration to the Free Contracting Environment (FCE).
Regarding the financial performance, the Company remains committed to cost management, aiming productivity gains and operational efficiency. The benefits obtained will partially offset the negative impact of the tariff reset, achieving a reduction of R$ 100 million in manageable PMSO versus 2012 manageable PMSO corrected by inflation. Manageable PMSO (Personnel, Material, Services and Other) in the quarter fell by 3.4% whereas the inflation in the period came to 8.0%. Adjusted EBITDA amounted to R$208.9 million in 1Q13, rising by 34.7% against 1Q12, when adjusted EBITDA stood at R$155.1 million.
AES Eletropaulo invested R$ 144.7 million in 1Q13, mostly allocated to system and client services expansion so as to cope with the market growth and mitigate the risk of interruptions of the regular and emergency supply. Thus, SAIDI and SAIFI of the last 12 months ended march 2013 presented significant reduction of 13.4% and 9.7%, respectively, reflecting the continuous search for improvement of operating indicators.
Conference Call / Webcast
Britaldo Soares – Chief Executive Officer
Mr. Rinaldo Pecchio Junior – CFO and Investor Relations Officer
DATE: Thursday, May 09(th), 2013
TIME: 17:30 (BR) / 4:30 p.m. (EST)
- Brazil: (+55 11) 4688-6361
- USA: (1-855) 281-6021
- Other countries: (1 786) 924-6977
SIMULTANEOUS INTERPRETATION INTO ENGLISH.
CONFERENCE CODE: AES Eletropaulo
REPLAY: (+55 11) 4688-6312
AVAILABLE FROM: 05.09.13 to 05.15.13
The presentation slides will be available for viewing and downloading on the website www.aeseletropaulo.com.br.
The conference call will be broadcasted live on the Internet on the same website, remaining available after the event.
Investor Relations Department
SOURCE AES Eletropaulo