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Eletrobras(EBR) - 2020 Q3 - Earnings Call Transcript
2020-11-13 04:01
Financial Data and Key Metrics Changes - The energy market is recovering, with daily load operating 26% above 2019 levels, and monthly ticket prices are 4% higher than in 2019 [5][6] - The company reported a slight increase in leverage due to a dividend payment of BRL2.5 billion, impacting net debt [9][47] - EBITDA dropped by 29% year-over-year, with a recurrent drop of 18%, reaching BRL3 billion [31][46] Business Line Data and Key Metrics Changes - Generation revenue decreased from BRL7.3 billion to BRL5.6 billion in the first nine months of 2020, primarily due to lost high-value contracts [23][33] - The company generated 23% of its installed capacity, amounting to almost 50,000 gigawatt-hours [21] - The unregulated market's participation increased from 26% to 36%, while the regulated market's share decreased from 37% to 49% [22] Market Data and Key Metrics Changes - The average price in the unregulated market dropped significantly, with prices per megawatt reported at BRL80 to BRL90, compared to BRL200 to BRL215 in the previous year [36] - The company faced extraordinary events affecting generation, including prolonged stoppages at Angra 1 and 2, leading to provisions of BRL217 million [11][12] Company Strategy and Development Direction - The company is focusing on improving its capital allocation and addressing liabilities, particularly regarding compulsory loans [68] - There is an ongoing effort to simplify the structure of its Special Purpose Entities (SPEs), aiming to reduce from 131 to 49 by December 2021 [50] - The company is optimistic about future rainfall patterns, which are expected to improve energy prices and generation capacity [64] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of the energy market and the company's ability to regain market share despite challenges posed by the pandemic [5][64] - The management acknowledged the impact of the pandemic on contracts but noted a normalization in demand since June [74] - There is a commitment to improving governance and financial discipline to navigate the current challenges [58] Other Important Information - The company reported a significant reduction in operational costs, with personnel costs dropping from BRL9.8 billion to BRL5.8 billion [39] - The company has implemented measures to address COVID-19, including extensive testing and safety protocols [55] Q&A Session Summary Question: Impact of the blackout in Amapa on privatization - Management indicated that the blackout has complicated the privatization process, but they remain committed to moving forward with investments and regulatory improvements [60][61] Question: Hydrology and its impact on prices - Management noted that while there are concerns about rainfall, they remain optimistic about the upcoming weather patterns and their potential positive impact on energy prices [64] Question: Provisions and compulsory loans - Management highlighted that addressing compulsory loans is a priority, with ongoing efforts to mitigate bad debt and improve capital allocation [68][70] Question: Future dividend payments - Management clarified that there are no plans for dividend payments above the minimum expected, emphasizing a robust cash flow [72][73]
Eletrobras(EBR) - 2020 Q1 - Earnings Call Transcript
2020-06-01 13:50
Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Q1 2020 Earnings Conference Call May 29, 2020 2:30 PM ET Corporate Participants Wilson Ferreira - CEO Elvira Baracuhy - IR Conference Call Participants Andre Sampaio - Santander Marcelo Sá - Itaú Carolina Carneiro - Crédit Suisse Operator Good afternoon to everyone, and thank you for waiting. Welcome to the earnings call of Eletrobras, and we're going to talk about the results of the first quarter of 2020. [Operator Instructions] We have this prese ...
Eletrobras(EBR) - 2019 Q4 - Annual Report
2020-05-19 20:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commissi ...
Eletrobras(EBR) - 2019 Q4 - Earnings Call Transcript
2020-04-01 11:48
Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Q4 2019 Earnings Conference Call March 30, 2020 1:30 PM ET CompanyParticipants Wilson Ferreira - CEO Conference Call Participants Andre Sampaio - Santander Marcelo Sá - Itaú Pedro Luiz Manfredini - Goldman Sachs Operator Ladies and gentlemen, good afternoon to you all, and thank you for waiting. Welcome to the teleconference of Eletrobras to talk about the results regarding the Fourth Quarter of 2019. [Operator Instructions] I remind you that this ...
Eletrobras(EBR) - 2019 Q3 - Earnings Call Transcript
2019-11-13 22:16
Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Q3 2019 Earnings Conference Call November 12, 2019 12:30 PM ET Company Participants Wilson Ferreira - CEO Elvira Presta - CFO Conference Call Participants Andre Sampaio - Santander Operator Ladies and gentlemen, good afternoon, everyone. Thank you for waiting. You are all welcome to the Teleconference of Eletrobras to talk about our Results of the Trimester 2019. All participants will be listening to the teleconference during the presentation, soon ...
Eletrobras(EBR) - 2019 Q2 - Earnings Call Transcript
2019-08-14 19:07
Centrais Elétricas Brasileiras S.A. - Eletrobras (NYSE:EBR) Q2 2019 Earnings Conference Call August 13, 2019 1:30 PM ET Company Participants Wilson Ferreira - CEO Conference Call Participants Andre Sampaio - Santander Kaique Vasconcellos - Safra Operator Ladies and gentlemen, thank you very much. Good afternoon and thank you for waiting. Welcome to the Teleconference of Eletrobras to talk about the Results of the Second Quarter of 2019. We inform you that -- let me remind you that this is available as a Pow ...
Eletrobras(EBR) - 2019 Q1 - Earnings Call Transcript
2019-05-18 01:36
Centrais Elétricas Brasileiras S.A. - Eletrobras (NYSE:EBR) Q1 2019 Results Conference Call May 14, 2019 1:30 PM ET Company Participants Wilson Ferreira - CEO Unidentified Company Representative Good afternoon, everyone, and thank you for waiting. Welcome to our audio conference at Eletrobras. We are going to present the results of the first quarter of 2019 [Operator Instructions]. I remind you that this presentation is available as a corporate presentation in our investor relations site [Operator Instructi ...
Eletrobras(EBR) - 2018 Q4 - Annual Report
2019-04-30 20:43
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...