AES Eletropaulo Achieves a R$178.1 Million Reduction in Manageable PMSO
Expenses in 2013
Comments by Mr. Gustavo Pimenta - CFO and Investor Relations Officer
BARUERI, Brazil, Feb. 25, 2014
BARUERI, Brazil, Feb. 25, 2014 /PRNewswire/ -- The main financial highlight in
2013 was a drop of 13.5% or R$178.1 million in manageable PMSO expenses
year-over-year, adjusted for inflation as measured by IGP-M. The Company
achieved 178% of its initial reduction target for manageable PMSO expenses in
the year. This shows management's commitment to the cost reduction program,
which is intended to improve cost management at the Company through
productivity and efficiency gains.
The Company's EBITDA amounted to R$729.2 million in 2013, vs. R$575.4 million
in 2012, a 26.7% rise. In turn, net income came to R$198.2 million in 2013, up
R$143.2 million in relation to 2012.
AES Eletropaulo's operational performance in 2013 shows the Company's
commitment to the ongoing improvement of its client services, as well as its
investments in quality and operational efficiency. As a result, the
operational indicators improved significantly. SAIDI fell by 4.4% to 7.99
hours in 2013. SAIFI stood at 4.37 times, down 6.0% against 2012. Both
indicators were below ANEEL's regulatory limit at the close of the year.
In 2013, capital expenditures totaled R$ 809.1 million, R$ 644.3 million of
which with the Company's own funds, mainly focused on regularizing over 75
thousand illegal connections, increasing the Company's installed capacity by
236MVA and improving its operational reliability continuously by performing
maintenance works on 4,792 km of the grid and upgrading the substransmission
and underground grids.
Conference Call / Webcast
Britaldo Soares – Chief Executive Officer
Gustavo Pimenta – CFO and Investor Relations Officer
DATE: Wednesday, February 26, 2014
TIME: 10:00 (BR) / 08:00 a.m. (EDT)
oBrazil: (+55 11) 4688-6341
oUSA: (+1) 888-700-0802
oOther countries: (+1) 786-924-6977
SIMULTANEOUS INTERPRETATION INTO ENGLISH.
CONFERENCE CODE: AES Eletropaulo
REPLAY: (+55 11) 4688-6312
CODE: 2872725# (Portuguese) and 1830254# (English)
AVAILABLE FROM: from 02.26.2014 to 03.04.2014
The presentation slides will be available for viewing and downloading on the
website www.ri.aeseletropaulo.com.br. The conference call will be broadcasted
live on the Internet on the same website and remain available after the event.
f. +55 11 2195-7048
SOURCE AES Eletropaulo
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