AES Eletropaulo Invests R$ 831.1 million in 2012
Comments by Mr. Rinaldo Pecchio - CFO and Investor Relations Officer
SAO PAULO, Feb. 26, 2013
SAO PAULO, Feb. 26, 2013 /PRNewswire/ -- Eletropaulo Metropolitana
Eletricidade de Sao Paulo S/A, [BM&FBovespa: ELPL3, ELPL4; ADRs negotiated at
US OTC Market] announced 4Q12 and 2012 results.
The total market in AES Eletropaulo's concession area expanded by 1.0%
year-over-year in 2012 and came to 45,557 GWh, reflecting Brazil's low
economic growth, which significantly impacted industrial activity in the
concession area. On the other hand, the performance was sustained by the
consumption of the residential and commercial classes in 2012, owing to higher
employment rates and income levels.
AES Eletropaulo's CAPEX totaled R$ 831.1 million in 2012, up 12.5%
year-over-year, reflecting the Company's ongoing effort to improve its
operational indicators and, consequently, provide top-quality services for its
As for Company's operational performance, SAIDI and SAIFI fell significantly
by 19.4% and 14.9% respectively in the 12-month period ending in December,
below regulatory limit. at the close of the year
The Company stepped up its this effort for cost management in order to improve
productivity, and efficiency and cost management, highlighting: (i)
organizational restructuring; (ii) relocation to the new corporate
headquarters centralizing the activities as well as reviewing the number of
service offices and optimization of operational bases, leading to real
property sales of R$ 239 million, in which R$ 160 million were already sold;
and (iii) debt restructuring. The benefits of these initiatives will partly
offset the negative impact of the tariff reset and cost pressures, allowing a
R$ 100 million drop in the Company's PMSO starting in 2013.
At the Annual General Meeting, Management is going to propose paying R$ 54.9
million as dividends and interest on equity, corresponding to 25% of
distributable earnings and 2,8% dividend yield in the year.
Conference Call / Webcast
Britaldo Soares – Chief Executive Officer
Mr. Rinaldo Pecchio – CFO and Investor Relations Officer
DATE: Wednesday, February 27th, 2013
TIME: 15:00 (BR) / 1:00 p.m. (EST)
oBrazil: (+55 11) 4688-6361
oUSA: (1-855) 281-6021
oOther countries: (1 786) 924-6977
SIMULTANEOUS INTERPRETATION INTO ENGLISH.
CONFERENCE CODE: AES Eletropaulo
REPLAY: (+55 11) 4688-6312
AVAILABLE FROM: 02.27.13 to 03.05.13
The presentation slides will be available for viewing and downloading on the
The conference call will be broadcasted live on the Internet on the same
website, remaining available after the event.
+55 11 2195-2344
SOURCE AES Eletropaulo
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