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AES Tiete Recorded Net Income of R$ 215.3 Million in 1Q09, Which Will Be Fully Distributed as Dividends

May 14, 2009

SAO PAULO, May 14 /PRNewswire-FirstCall/ — AES Tiete S.A. (Bovespa: GETI3 and GETI4; OTC: AESAY and AESYY) today announced its results for the 1st quarter, 2009.

Comments by Mr. Alexandre Innecco – CFO and Investor Relations Officer

AES Tiete’s EBITDA was R$ 341.6 million, 8.8% higher than in 1Q08, while net income totaled R$ 215.3 million, which represented an increase of 24.6% compared to the same period the previous year. The higher price of energy sold through the bilateral contract (13.44%), adjusted annually in July by the IGP-M, the reduction of costs and expenses and higher financial income positively impacted the Company’s results.

Following the practice for shareholder remuneration that has been applied by the Company since 2006, AES Tiete is fully distributing its net income obtained in 1Q09 in the form of dividends.

    AES TIETE INVITES:

    Conference Call / Webcast

    PRESENTATION:
    Britaldo Soares - Chief Executive Officer
    Alexandre Innecco - CFO and Investor Relations Officer

    DATE:  Monday, May 18, 2009

    TIME: 10:00 A.M. (BR) / 9:00 A.M. (US EDT)
    CONNECTION NUMBERS
    -- Brazil: (+55 11) 4688-6301
    -- USA: (1-800) 860-2442
    -- Other countries: (1 412) 858-4600

    SIMULTANEOUS TRANSLATION INTO ENGLISH

    ACCESS CODE: AES Tiete

    REPLAY: (+55 11) 4688-6312
    CODE: 739
    AVAILABILITY:  May 18th, 2009 until May 24th, 2009

The conference audio also will be transmitted on the Internet, accompanied by a slide presentation. Access the site: http://www.aestiete.com.br/ir

Conference Call will be live broadcasted over the Internet on the same website, remaining available after the event.

SOURCE AES Tiete S.A.


Source: newswire



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