December 10, 2016 5:11 AM ET

Electric Utilities

Company Overview of Celesc Distribuição S.A.

Company Overview

Celesc Distribuição S.A. is engaged in planning, designing, building, and operating systems for the processing, distribution, and sale of electricity and related services. The company was founded in 2006 and is based in Florianópolis, Brazil. Celesc Distribuição S.A. operates as a subsidiary of Centrais Elétricas de Santa Catarina S.A.

Avenida Itamarati, 160

Blocos A1, B1, B2

Itacorubi

Florianópolis, SC 88034-900

Brazil

Founded in 2006

Phone:

55 48 3231 5000

Fax:

55 48 3231 5649

Key Executives for Celesc Distribuição S.A.

Celesc Distribuição S.A. does not have any Key Executives recorded.

Celesc Distribuição S.A. Key Developments

Celesc Distribuição S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Celesc Distribuição S.A. reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net operating revenue of BRL 1,199,050,000 against BRL 1,608,357,000 for the same period a year ago. Operating loss before financial income was BRL 244,460,000 against BRL 52,933,000 for the same period a year ago. LBITDA was BRL 194,809,000 against BRL 9,252,000 for the same period a year ago. Loss before tax was BRL 291,783,000 against income before tax of BRL 10,869,000 for the same period a year ago. Net loss was BRL 192,164,000 against net income of BRL 13,818,000 for the same period a year ago. Negative annual return on equity was 16% compared to annual return on equity of 0.9% a year ago. Adjusted EBITDA was BRL 37.5 million against BRL 0.7 million for the same period a year ago. Adjusted net loss was BRL 38.8 million against adjusted net profit of BRL 20.4 million for the same period a year ago. For the six months, the company reported net operating revenue of BRL 2,820,429,000 against BRL 3,389,620,000 for the same period a year ago. Operating loss before financial income was BRL 200,417,000 against BRL 26,645,000 for the same period a year ago. LBITDA was BRL 100,822,000 against EBITDA of BRL 59,454,000 for the same period a year ago. Loss before tax was BRL 265,545,000 against income before tax of BRL 65,330,000 for the same period a year ago. Net loss was BRL 175,545,000 against net income of BRL 56,995,000 for the same period a year ago. Negative annual return on equity was 6.2% compared to annual return on equity of 1.7% a year ago. Net cash from operating activities was BRL 837,329,000 for the first half of 2016. Adjusted EBITDA was BRL 131.5 million against BRL 39.5 million for the same period a year ago. Adjusted net loss was BRL 22.2 million against adjusted net profit of BRL 43.8 million for the same period a year ago.

Celesc Distribuição S.A. Reports Unaudited Earnings Results for the Third Quarter and First Nine Months Ended September 30, 2015

Celesc Distribuição S.A. reported unaudited earnings results for the third quarter and first nine months ended September 30, 2015. For the quarter, the company reported net revenue of BRL 1,571.3 million against BRL 1,394.5 million a year ago. EBITDA was BRL 2.0 million against BRL 107.0 million a year ago. Operating loss was BRL 42.2 million against operating income of BRL 65.6 million a year ago. Net loss was BRL 67.4 million against net profit of BRL 20.4 million a year ago. Adjusted LBITDA was BRL 35.6 million against adjusted EBITDA of BRL 112.4 million a year ago. Adjusted net loss was BRL 92.2 million against adjusted net profit of BRL 36.2 million a year ago. For the nine months, the company reported net revenue of BRL 4,961.0 million against BRL 3,961.4 million a year ago. EBITDA was BRL 61.4 million against BRL 115.9 million a year ago. Operating loss was BRL 68.8 million against BRL 7.7 million a year ago. Net loss was BRL 10.4 million against BRL 48.6 million a year ago. Adjusted EBITDA was BRL 16.4 million against BRL 307.9 million a year ago. Adjusted net loss was BRL 40.1 million against adjusted net profit of BRL 139.1 million a year ago.

Celesc Distribuição S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Celesc Distribuição S.A. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenue of BRL 1,608.4 million against BRL 1,323.8 million for the same period a year ago. Operating loss was BRL 52.9 million against operating results of BRL 52.1 million for the same period a year ago. EBITDA was BRL 59.5 million against BRL 8.9 million for the same period a year ago. Net profit was BRL 13.8 million against BRL 38.4 million for the same period a year ago. Adjusted EBITDA was BRL 0.7 million against BRL 100.1 million for the same period a year ago. Adjusted net profit was BRL 20.4 million against BRL 60.5 million for the same period a year ago. Net debt at June 30, 2015 was BRL 665.2 million against BRL 571.6 million at June 30, 2014. Investments/Capex totaled BRL 107.1 million against BRL 90.8 million for the same period a year ago. For the six months, the company reported net revenue of BRL 3,389.6 million against BRL 2,566.9 million for the same period a year ago. Operating loss was BRL 26.6 million against BRL 73.3 million for the same period a year ago. LBITDA was BRL 9.3 million against EBITDA of BRL 93.4 million for the same period a year ago. Net profit was BRL 57.0 million against net loss of BRL 69.0 million for the same period a year ago. Adjusted EBITDA was BRL 39.5 million against BRL 220.5 million for the same period a year ago. Adjusted net profit was BRL 43.8 million against BRL 119.3 million for the same period a year ago. Investments/Capex totaled BRL 196.6 million against BRL 153.9 million for the same period a year ago. Net cash from operating activities was BRL 120,421,000 for the first half of 2015.

Recent Private Companies Transactions

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