AES Eletropaulo: Adjusted EBITDA of R$ 334 Million in the Quarter

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AES Eletropaulo

Nov 05, 2014, 03:38 ET

BARUERI, Brazil, Nov. 5, 2014 /PRNewswire/ -- This quarter AES Eletropaulo recorded a SAIFI index of 3.92 times, a decrease of 13.5% when compared to the 3Q13, demonstrating the Company's commitment to the quality of its services and customer care. The SAIDI index reached 8.34 hours. In line with this purpose, the Company invested in the quarter R$ 151 million directed mainly towards improving the quality of energy supply and the reduction of occurrences in the power grid.

The consumption of energy in the concession area in the 3Q14 reflected the impact caused by the World Cup and the country's economic deceleration affecting primarily the industrial consumption. The commercial class continues to present a growth and ended the quarter with an increase of 1.9%. The captive market and the overall market presented a reduction of 0.5% and 1.3% in the quarter, respectively.

In regards to the financial performance, the Company reached a reported Ebitda of R$ 422.1 million, an increase compared to the R$ 142.4 million recorded in the 3Q13, mainly due to being over contracted in the quarter and the ACR Account transfer regarding the costs incurred in May and June. Therefore, AES Eletropaulo reported a net income of R$ 130.6 million in the period, versus the R$ 27 million in the 3Q13.

Adjusted Ebitda for the period was R$ 333.6 million and the adjusted net income was of R$ 42.1 million.

Conference Call / Webcast
PRESENTATION:

Britaldo Soares – Chief Executive Officer
Gustavo Pimenta – Vice-President Director and Investor Relations Officer

DATE: Thursday, November 7th, 2014
TIME: 10:00 (BR) / 07:00 a.m. (EST)

CONNECTION:                    

  • Brazil: (+55 11) 3193-1001 or (+55 11) 2820-4001
  • USA/Other countries: (+1) 888 700-0802

SIMULTANEOUS INTERPRETATION INTO ENGLISH.

CONFERENCE CODE: AES Eletropaulo

The presentation slides will be available on the website http://ri.aeseletropaulo.com.br. The conference call will be broadcasted live on the Internet on the same website and remain available after the event.

Investor Relations: f. +55 11  2195-7048

SOURCE AES Eletropaulo

Related Links

http://ri.aeseletropaulo.com.br

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