|By PR Newswire||
|August 6, 2014 08:30 PM EDT||
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 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
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)
- 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
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.
 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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