Click here to close now.




















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
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
In 2014, the market witnessed a massive migration to the cloud as enterprises finally overcame their fears of the cloud’s viability, security, etc. Over the past 18 months, AWS, Google and Microsoft have waged an ongoing battle through a wave of price cuts and new features. For IT executives, sorting through all the noise to make the best cloud investment decisions has become daunting. Enterprises can and are moving away from a "one size fits all" cloud approach. The new competitive field has ...
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so the...
Everyone talks about continuous integration and continuous delivery but those are just two ends of the pipeline. In the middle of DevOps is continuous testing (CT), and many organizations are struggling to implement continuous testing effectively. After all, without continuous testing there is no delivery. And Lab-As-A-Service (LaaS) enhances the CT with dynamic on-demand self-serve test topologies. CT together with LAAS make a powerful combination that perfectly serves complex software developm...
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
Enterprises can achieve rigorous IT security as well as improved DevOps practices and Cloud economics by taking a new, cloud-native approach to application delivery. Because the attack surface for cloud applications is dramatically different than for highly controlled data centers, a disciplined and multi-layered approach that spans all of your processes, staff, vendors and technologies is required. This may sound expensive and time consuming to achieve as you plan how to move selected applicati...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...