AES Eletropaulo Issues R$750.0 Million in Debentures
Comments by Mr. Rinaldo Pecchio - CFO and Investor Relations Officer
BARUERI, Brazil, Nov. 6, 2012
BARUERI, Brazil, Nov. 6, 2012 /PRNewswire/ -- The total market in AES
Eletropaulo's (BM&FBOVESPA: ELPL3; ELPL4) concession area shrank by 0.4% in
3Q12X3Q11, totaling 11,357GWh. The total market was affected by a slowdown in
industrial activity in Brazil, the lower number of billing days and the
migration of one client to the basic grid. Without these effects, the total
market would have grown by 0.7%.
As a result of the 2011/2012 Action Plan, SAIDI and SAIFI fell significantly
by 12.2% and 10.3% respectively in the 12-month period ending in September 30.
Both indicators were below regulatory limit at the close of the quarter.
AES Eletropaulo's CAPEX totaled R$224.9 million in 3Q12, up 9.8%
year-over-year, reflecting the Company's ongoing effort to improve its
operational indicators and, consequently, provide top-quality services for its
The Company has been seeking to bring its manageable expenses to the new
levels established by the regulator and has taken some measures that will lead
to an increase in PMSO expenses in the third quarter, which will eventually
have a positive impact on Company's future results. These measures are (i)
staff restructuring and a retirement incentive plan, which were responsible
for a reduction of 4.5% in the number of staff in comparison to 2Q12 and; (ii)
renovation works in operational bases and relocation to the new corporate
headquarters will make it possible to sell real estate, with an estimated
value of R$239 million by late 2013. In addition, the initiatives of the
"Criando Valor" (Creating Value) program will have a positive impact of
approximately R$100 million on EBITDA in 2013, when compared with the
inflation-corrected PMSO numbers for 2012.
The Company had its 15th issue of debentures, worth R$750 million, in October
2012. The proceeds are going to be used to redeem in advance the 10th and the
12th issuance and the Citibank Bank Credit Notes.
Conference Call / Webcast
Britaldo Soares – Chief Executive Officer
Rinaldo Pecchio – CFO and Investor Relations Officer
DATE: Wednesday, November 7th, 2012
TIME: 14:30(BR)/11:30 a.m.(EST)
oBrazil: (+55 11)4688-6361
oOther countries: (1 786)924-6977
SIMULTANEOUS INTERPRETATION INTO ENGLISH
CONFERENCE CODE: AES Eletropaulo
REPLAY: (+55 11) 4688-6312
AVAILABLE FROM: 11.07.12 to 11.13.12
Presentation slides will be available on the website
The conference call will be broadcasted live on the same website, remaining
available after the event.
SOURCE AES Eletropaulo
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