AES Tiete's Net Income Comes To R$ 240.5 Million In 2Q13
Comments by Mr. Gustavo Duarte Pimenta - Financial and Investor Relations
SAO PAULO, Aug. 8, 2013
SAO PAULO, Aug. 8, 2013 /PRNewswire/ --In 2Q13, AES Tiete's net revenue
totaled R$ 582.7 million, up 8.9% from the amount of R$ 535.2 million recorded
in 2Q12. This performance was mainly due to the higher volume of energy sold
through the bilateral contract with AES Eletropaulo, coupled with a 355 GWh
growth in volume of energy sold through other bilateral contracts (489 GWh in
2Q13 versus 135 GWh in 2Q12).
The Company's EBITDA came to R$ 420.8 million in 2Q13, up 4.1% year-over-year,
whereas net income in the amount of R$ 240.5 million showed a 4.8% growth
considering the same basis of comparison.
In 2Q13, AES Tiete reviewed the estimate for the average physical guarantee
lowering for 2013. The new estimate entails an average lowering that may range
from 0.7% to 2.4%, considering thermal plant dispatches from 10.2 GW to 12 GW.
Therefore, AES Tiete expects to purchase an energy volume varying from 296 GWh
to 468 GWh in the spot market, so as to cover the exposure stemming from the
above-mentioned review, at a corresponding annual cost that shall range from
R$ 123 million to R$ 156 million versus Company's previous estimate of R$ 231
million to R$ 441 million.
AES Tiete will distribute interim dividends to its shareholders in the amount
of R$ 258.1 million, representing 100% of the net income for the semester. The
dividend yield for 2Q13, considering both common and preferred shares, stood
AES TIETE INVITES TO:
Conference Call / Webcast
Mr. Britaldo Soares – Chief Executive Officer
Mr. Gustavo Pimenta – CFO and Investor Relations Officer
DATE: Thursday, August 08, 2013
TIME: 9:00 (BR)/8:00 a.m. (EDT)
oBrazil: (+55 11) 4688-6361
oUSA: (+1) 855 281-6021
oOther countries: (+1) 786 924-6977
SIMULTANEOUS INTERPRETATION INTO ENGLISH WILL BE PROVIDED.
CONFERENCE CODE: AES Tiete
REPLAY: (+55 11) 4688-6312
CODE FOR PORTUGUESE: 1611851#
CODE FOR ENGLISH: 0076861#
AVAILABLE FROM: 08.08.13 to 08.14.13
The presentation slides will be available for viewing and downloading on the
The conference audio will also be streamed live online, on the same website,
where it will be available after the event.
SOURCE AES Tiete
Contact: Thatiana Zago, PHONE: 55 11 2195 2681, FAX : 55 11 2195 2503, E-MAIL:
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