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AES Eletropaulo: Adjusted EBITDA of R$ 303 Million in the Quarter

SAO PAULO, Aug. 6, 2014 /PRNewswire/ -- In 2Q14, AES Eletropaulo reached a SAIFI of 4.13 times, a 10.4% decrease in comparison to 2Q13 and the SAIDI index was of 8.16 hours, an increase of 1.4% versus 2Q13. From December 2009 until today both indicators reduced by over 30%.

The increase of the captive market in AES Eletropaulo's concession area in 2Q14 was due to a greater consumption of the commercial class, which grew by 4.8%, reflected by a good commercial performance in the State of Sao Paulo. The residential class remained stable compared to 2Q13, while the industrial class presented a retraction during the period as a reflection of a smaller economic activity.

The EBITDA adjusted[1] was of R$ 302.9 million (reported EBITDA of negative R$ 382.7 million) in comparison to the R$ 299.7 million recorded in 2Q13 (reported EBITDA of R$ 509.6 million), representing a 1.1% growth of due mainly to the tariff adjustment and market growth. In the quarter, the Company recorded a net loss of R$ 354.4 million in comparison to the R$ 245.3 million net profit registered during the same period last year. Disregarding the effects of the Parcel A variation, the adjusted net income would be R$ 49.0 million versus R$ 41.7 million of the second quarter of 2013.

AES Eletropaulo invested R$ 169.4 million in the quarter mostly in system expansion and client services, in order to meet market growth and maintain the trajectory of quality improvement of the service provided.

Conference Call / Webcast

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

DATE: Thursday, August 7th, 2014

TIME: 10:00 (BR) / 09:00 a.m. (EDT)

CONNECTION:

  • Brazil: (+55 11) 3193-1001 or (+55 11) 2820-4001
  • USA/Other countries: (+1) 786 924-6977 or (+1) 888 700-0802

SIMULTANEOUS INTERPRETATION INTO ENGLISH.

CONFERENCE CODE: AES Eletropaulo

REPLAY: (+55 11) 3193-1012 or (+55 11) 2820-4012
CODE: 4040410#
AVAILABLE FROM: from 08/07/2014 to 08/13/2014

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.

[1] EBITDA adjusted by the regulatory assets and liabilities and the pension fund

Contact: Investor Relations: +55-11-2195-7048

SOURCE AES Eletropaulo

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