AES Eletropaulo Reduces Its Manageable PMSO Expenses by 4.2% in 2Q13
Comments by Mr. Gustavo Duarte Pimenta - CFO and Investor Relations Officer
SAO PAULO, Aug. 7, 2013
SAO PAULO, Aug. 7, 2013 /PRNewswire/ -- Eletropaulo Metropolitana Eletricidade
de Sao Paulo S/A, [BM&FBovespa: ELPL3, ELPL4; ADRs negotiated at US OTC
Market] announced 2Q13 results.
The total market in AES Eletropaulo's concession area expanded by 0.4%
year-over-year and came to 11,602 GWh in 2Q13. The increase of 1.5% in the
consumption of the total commercial class and of 0.7% in the consumption of
the total residential class contributed to this result, despite the lower
number of billing days and the slowdown in brazilian economic growth, which
led to a 0.8% drop in the industrial class consumption.
The operational highlight in the period was the total losses indicator, which
stood at 9.9% at the end of the quarter and reached the Company's single-digit
target, as a result of the anti-loss initiatives. SAIDI and SAIFI indicators
of the last 12 months also dropped significantly by 11.8% and 6.5%,
The financial highlight was the year-over-year drop of 4.2% in manageable
expenses. In 1H13, there was a 3.8% decrease whereas inflation measured by
IGP-M increased by 6.3%. This is the result of AES Eletropaulo's cost
reduction program, intended to slash manageable PMSO expenses by R$ 100
million in relation to 2012 PMSO adjusted for inflation, thus affirming
Management's commitment to the Company's cost management effort. When adjusted
for inflation, the Company achieved a reduction of R$ 29.9 million in 2Q13 and
R$ 58.8 million in 1H13.
In order to attend the market expansion, regularize illegal connections and
forge ahead with the projects for preventive and corrective maintenance and
upgrading of subtransmission and underground power lines, the Company invested
R$194.9 million in 2Q13, up 14.7% from 2Q12, mainly applied on expanding the
system and making it more reliable, as well as improving client services.
Conference Call / Webcast
Britaldo Soares – Chief Executive Officer
Mr. Gustavo Duarte Pimenta – CFO and Investor Relations Officer
DATE: Thursday, August 08^th, 2013
TIME: 10:00 (BR) / 9:00 a.m. (EDT)
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: 08.08.13 to 08.14.13
The presentation slides will be available on the
websiteri.aeseletropaulo.com.brand the conference call will be also
SOURCE AES Eletropaulo
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