Welcome!

News Feed Item

Net Income of AES Tiete Reaches R$ 251.2 Million in 2Q14

BARUERI, Brazil, Aug. 6, 2014 /PRNewswire/ -- The 2Q14 was marked by the result of the seasonality of energy strategy adopted by the Company, which defined distinct profiles of physical guarantee for ballast (contracts) and ERM for 2014.  This strategy allowed gains in Ebitda of R$27 million above that registered in the same period of last year. 

Sales made in the short term market combined with a high average spot price ("PLD") were the main factor that translated in net revenues of R$ 694.4 million in the quarter[1], 19.2% higher than in the 2Q13.  The Ebitda was of R$ 431.0 million and the net income was of R$ 251.2 million, 2.4% and 4.4% higher than that registered in the second quarter of 2013, respectively. 

In this period, the Company advanced its energy commercialization strategy securing ~100MWavg of long term energy contracts, with average term of 4.5 years at an average price of R$ 153/MWh.

The modernization program of the plants received investments of R$ 48.0 million, mainly destined for the plants of Agua Vermelha, Barra Bonita, Promissao and Bariri, which aims at continuous improvement of the operational conditions and efficiency of AES Tiete plants.

The operational indicators of unscheduled outages remained at low levels, with an annual average reduction of 88% over the last 4 years.

The Company will pay its shareholders R$ 389.7 million as dividends, corresponding of net income for the 2Q14, adjusted by equity valuation adjustments and accumulated net income of 1Q14. First semester payout reached 106%.

AES TIETE INVITES:

Call / Webcast

PRESENTATION: 
Britaldo Soares - Chief Executive Officer
Gustavo Pimenta - CFO and Investors Relations Officer

DATE: Thursday, August 7th, 2014

TIME: 11h00 (BR) / 10h00 am (EDT)

Connection:                

  • BRAZIL: (+55 11) 3193-1001 or (+55 11) 2820-4001
  • 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) 3193-1012 or (+55 11) 2820-4012
CODE FOR PORTUGUESE: 2521220#
CODE FOR ENGLISH:  5689119#
AVAILABILITY: 07.08.2014 to 13.08.2014

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.

The statements herein contained with regard to AES Tiete's business prospects, projected operational and financial results and the Company's growth potential are merely forecasts based on Management's expectations for the Company's future.  These estimates are highly dependent on market changes and on the economic performance of Brazil, the electricity industry and the international market and are, therefore, subject to change. 

[1] Adjusted by Financial Surplus of R$ 63.6 million, with no impact on the Company's EBITDA.

IR Contact: +55-11-2195-2212

SOURCE AES Tietê

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
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), will provide an overview of various initiatives to certifiy the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldw...
VeriStor Systems has announced that CRN has named VeriStor to its 2017 Managed Service Provider (MSP) 500 list in the Elite 150 category. This annual list recognizes North American solution providers with cutting-edge approaches to delivering managed services. Their offerings help companies navigate the complex and ever-changing landscape of IT, improve operational efficiencies, and maximize their return on IT investments. In today’s fast-paced business environments, MSPs play an important role...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center 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.