AES Eletropaulo Reaches R$ 88.5 Million Reduction in Manageable PMSO New Goal
of R$ 140 Million Reduction in 2013
Comments by Mr. Gustavo Duarte Pimenta - CFO and Investor Relations Officer
SAO PAULO, Nov. 6, 2013
SAO PAULO, Nov. 6, 2013 /PRNewswire/ --AES Eletropaulo (BOVESPA: ELPL3 and
ELPL4; ADRs: EPUMY) today announced its results for the third quarter of 2013
(3Q13) and for the nine months of 2013 (9M13).
In 3Q13, the main financial highlight was the year-over-year reduction of
R$58.5 million in manageable PMSO expenses adjusted for inflation as measured
by IGP-M. In 9M13, the reduction was of R$ 88.5 million. This achievement
resulted in the revision of the target reduction for 2013 manageable PMSO in
comparison to the 2012 manageable PMSO adjusted by inflation as measured by
IGP-M, from R$ 100 million to R$ 140 million, attesting Management's
commitment to management practices, with productivity and efficiency gains.
In this quarter, the Company reached EBITDA of R$ 142.4 million and net income
of R$ 27.0 million, even considering the amortization of the regulatory
liability resulting from the postponement, by Aneel, of the Third Tariff Reset
The total market in AES Eletropaulo's concession area expanded by 2.7% over
3Q12 and came to 11,626 GWh. The increase of 4.2% in the consumption of the
total commercial class and of 2.4% in the consumption of the total residential
class contributed to this result.
The operational highlight was the total losses indicator, which stood at 9.7%
in 3Q13, as a result of the initiatives to reduce illegal connections. SAIDI
and SAIFI for the year ending on September 30, 2013 also dropped by 5.0% and
5.2% respectively, below the regulatory limits.
In this quarter, the Company invested R$ 193.4 million, mainly in system
expansion and reliability and client services.
Conference Call / Webcast
Britaldo Soares – Chief Executive Officer
Gustavo Duarte Pimenta – CFO and Investor Relations Officer
DATE: Thursday, November 7, 2013
TIME: 3:00 (BR) / 12:00 p.m. (EDT)
oBrazil: (+55 11) 2104-8901 or 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
CODE: 1549357# (Portuguese) and 0653309# (English)
AVAILABLE FROM: 11.07.2013 to 11.13.2013
The presentation slides will be available for viewing and downloading on the
website www.ri.aeseletropaulo.com.br/ .
SOURCE AES Eletropaulo
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