Welcome!

News Feed Item

AES Tiete's Net Income Reaches R$ 881.4 Million in 2013

BARUERI, Brazil, Feb. 25, 2014 /PRNewswire/ -- For AES Tiete, the year of 2013 was marked by the consolidation of the Company's commercialization strategy. During the course of the year, new contracts of own energy worth 475MWavg were settled for delivery in 2016. In 2014, the Company plans on making progress towards performing its energy commercialization strategy, and up to February, has managed to capture new contracts worth 230MWavg to deliver in 2016.

Regarding operational performance, in 2013 we began to reap the benefits from the enhancement in our physical-asset management policy. During the year, there was a reduction of 46% in the unscheduled lack of availability in AES Tiete's plants when compared to the previous year, which reflects the good practices and confidence in the maintenance of the Company's assets.

Investments in the modernization of our plants totaled R$ 206 million in 2013. For the period between 2014 to 2018, the Company plans on investing over R$ 600 million, seeking the continuous improvement of its operational conditions, guaranteeing availability in its generated park.

Despite the negative outcome from the downgrading of assured energy levels in early 2013, AES Tiete managed the costs exposed to the spot market and closed the year purchasing 264GW of energy, a volume 60% lower than the guidance disclosed in the beginning of the year of 663GW, due to the commercialization strategy during the second half of 2013. As a result, EBITDA for the FY of 2013 came to R$ 1,525.5 million, nearly flat in comparison with the result reported in the FY of 2012 (R$ 1,542.4 million).

AES Tiete proposes the distribution of all of the distributable income (R$ 952.7 million) for the FY of 2013, corresponding to 108.1% of the quarter's net income. The dividend yield for the year stood at 12.4% for common shares, and 12.6% for preferred shares.

AES TIETE INVITES:

Call / Webcast

PRESENTATION:
Mr. Britaldo Soares – Chief Executive Officer
Mr. Gustavo Pimenta - CFO and Investor Relations Office

DATE: Wednesday, February 26th, 2014

TIME: 11:00 a.m. (BR) / 9:00 a.m. (EDT)

CONNECTION:

  • Brazil: (+55 11) 4688-6341
  • USA: (+1) 888 700-0802
  • Other countries: (+1) 786 924-6977

SIMULTANEOUS INTERPRETATION INTO ENGLISH WILL BE PROVIDED

CONFERENCE CODE: AES Tiete

REPLAY: (+55 11) 4688-6312
CODE FOR PORTUGUESE: 2530233#
CODE FOR ENGLISH: 9078027#
AVAILABILITY: 02/26/2014 through 03/04/2014

The presentation slides will be available for viewing and downloading on the website www.aestiete.com.br/ri.

The conference audio will also be streamed live online, on the same website, where it will be available after the event.

Investors Relations
+55 11 2195-7048

SOURCE AES Tiete

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear these words all day every day... lofty goals but how do we make it real? Add to that, that simply put, people don't like change. But what if we could implement and utilize these enterprise tools in a fast and "Non-Disruptive" way, enabling us to glean insights about our business, identify and reduce exposure, risk and liability, and secure business continuity?
DXWorldEXPO LLC announced today that Telecom Reseller has been named "Media Sponsor" of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Enterprises are universally struggling to understand where the new tools and methodologies of DevOps fit into their organizations, and are universally making the same mistakes. These mistakes are not unavoidable, and in fact, avoiding them gifts an organization with sustained competitive advantage, just like it did for Japanese Manufacturing Post WWII.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Transformation Abstract Encryption and privacy in the cloud is a daunting yet essential task for both security practitioners and application developers, especially as applications continue moving to the cloud at an exponential rate. What are some best practices and processes for enterprises to follow that balance both security and ease of use requirements? What technologies are available to empower enterprises with code, data and key protection from cloud providers, system administrators, inside...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
"Calligo is a cloud service provider with data privacy at the heart of what we do. We are a typical Infrastructure as a Service cloud provider but it's been designed around data privacy," explained Julian Box, CEO and co-founder of Calligo, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...