AES Tiete's Net Income Reaches R$ 901.3 Million in 2012

           AES Tiete's Net Income Reaches R$ 901.3 Million in 2012

Comments by Mr. Rinaldo Pecchio - CFO and Investor Relations Officer

PR Newswire

SAO PAULO, Feb. 26, 2013

SAO PAULO, Feb. 26, 2013 /PRNewswire/ -- AES Tiete S.A. (BM&FBovespa: GETI3
and GETI4; OTC: AESAY and AESYY) announced today its 2012 results.

In 2012, AES Tiete's net revenues totaled R$ 2,112.4 million, up 12% from
2011. This performance was mainly due to the price adjustment in the energy
sold through the bilateral contract with AES Eletropaulo, effected in July
2012, coupled with the major volume of energy sold both through CCEE and other
bilateral contracts.

Due to the less favorable hydrological conditions experienced since September
2012, CCEE has set out a further monthly reallocation of physical guarantee
engaging all ERM participants (including AES Tiete), causing those plants to
raise their exposure on the spot market. As a result from the larger volume of
purchased energy and the hike in average prices practiced on the spot market,
the Company incurred in higher costs in 4Q12, leading to an EBITDA of R$ 292.1
million, with a 59.1% margin. In 2012, the Company recorded EBITDA of R$
1,542.4 million, up 5.2% from 2011, and net income of R$ 901.3 million, up
6.7% from 2011.

AES Tiete has proposed distributing the whole of the 2012 distributable income
(R$ 976.5 million), corresponding to 108.4% of the year's net income. This
will be submitted for approval at the Ordinary and Extraordinary Shareholders'
Meeting expected to be held on April 4, 2013. It is worth mentioning that the
dividends related to 9M12, in the amount of R$ 768.6 million, have already
been paid in advance in 2012.

For 2013, the Company keeps focusing on both the excellence of its operational
activities and in energy generation availability, with investments of R$ 213.2
million. Funds will to be primarily allocated to modernization projects and
preventive maintenance in the plants of Agua Vermelha, Ibitinga, Nova
Avanhandava and Caconde.

AES TIETE INVITES TO:

Teleconference / Webcast

PRESENTATION:
Mr. Britaldo Soares – Chief Executive Officer
Mr. Rinaldo Pecchio – CFO and Investor Relations Officer

DATE: Wednesday, February 27, 2013

TIME: 3:00 P.M. (BR) / 1:00 P.M. (EST)

CONNECTION:

  oBrazil: (+55 11) 4688-6361
  oUSA: (+1) 888 700-0802
  oOther countries: (+1) 786 924-6977

SIMULTANEOUS INTERPRETATION INTO ENGLISH WILL BE PROVIDED.

CONFERENCE CODE: AES Tiete

REPLAY: (+55 11) 4688-6312
CODE FOR ENGLISH – 9360434
CODE FOR PORTUGUESE – 13974688
AVAILABLE FROM: 02.27.13 to 03.05.13

The presentation slides will be available for viewing and downloading on the
website  http://ri.aestiete.com.br

The conference audio will also be webcast, on the same website, where it will
be available after the event.

CONTACT: TATIANA ANICET
PHONE: 55 11 2195 1289
FAX: 55 11 2195 2503
E-MAIL: thatiana.anicet@aes.com

SOURCE AES Tiete S.A.

Website: http://ri.aestiete.com.br
 
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