Workflow
Eletrobras(EBR)
icon
Search documents
Eletrobras(EBR) - 2022 Q4 - Earnings Call Transcript
2023-03-15 19:28
Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Q4 2022 Earnings Conference Call March 14, 2023 1:30 PM ET Company Participants Wilson Ferreira Junior - President and CEO Rodrigo Limp Nascimento - Director of Regulation and Institutional Relations Elvira Baracuhy Presta - CFO and IRO Pedro de Oliveira Jatobá - Director of Generation Paula Prado - IRO Conference Call Participants Marcelo Sá - Itau Corretora Giuliano Ajeje - UBS Operator Presenting the team from Eletrobrás here, Wilson Ferreira, t ...
Eletrobras(EBR) - 2022 Q3 - Earnings Call Transcript
2022-11-11 19:54
Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Q3 2022 Earnings Conference Call November 10, 2022 12:30 PM ET Company Participants Wilson Ferreira Jr. - President and CEO Elvira Baracuhy Presta - Chief Financial and Investor Relations Officer Rodrigo Limp Nascimento - Director of Regulation and Institutional Relations Pedro de Oliveira Jatobá - Director of Generation Camila Gualdo Araújo - Governance, Risk and Compliance Director Conference Call Participants Maria Carolina - Credit Suisse Andre ...
Eletrobras(EBR) - 2022 Q2 - Earnings Call Transcript
2022-08-16 20:20
Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Q2 2022 Earnings Conference Call August 15, 2022 1:30 PM ET Company Participants Rodrigo Limp - President and CEO Elvira Presta - Director, Finances and IR Camila Gualda Araújo - Director, Governance, Risks and Compliance Pedro Luiz Jatobá - Director, Generation Conference Call Participants Ale Souza - TC Maria Carolina - Credit Suisse Andre Sampaio - Santander Henrique Peretti - JPMorgan Jonah Fredie - Studio Marcelo Sá - Itau Corretora Pedro Manf ...
Eletrobras(EBR) - 2021 Q4 - Annual Report
2022-05-06 21:31
Table of Contents 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 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021 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 AC ...
Eletrobras(EBR) - 2021 Q4 - Earnings Call Transcript
2022-03-23 00:05
Call Start: 13:30 January 1, 0000 2:25 PM ET Centrais Eletricas Brasileiras SA (NYSE:EBR) Q4 2021 Earnings Conference Call March 22, 2022 13:30 ET Company Participants Rodrigo Limp - Chief Executive Officer Elvira Baracuhy - Chief Financial & Investor Relations Officer Conference Call Participants Andre Sampaio - Santander Maria Carolina - Credit Suisse Marcelo SA - Itau Operator Ladies and gentlemen, thank you for standing by. Please be welcome to the Eletrobras Earnings Conference Call for Fourth Quarter ...
Eletrobras(EBR) - 2021 Q3 - Earnings Call Transcript
2021-11-18 03:53
Centrais Eletricas Brasileiras SA (NYSE:EBR) Q3 2021 Earnings Conference Call November 17, 2021 12:30 PM ET Corporate Participants Rodrigo Limp Nascimento - Chief Executive Officer Elvira Baracuhy Cavalcanti Presta - Chief Financial and Investor Relations Officer Camila Gualda Sampaio Araújo - Chief Governance, Risks and Compliance Officer Pedro Luiz de Oliveira Jatobá - Chief Generation Officer Conference Call Participants Andre Sampaio – Santander Carolina Carneiro - Credit Suisse Marcelo SA - Itau Pedro ...
Eletrobras(EBR) - 2021 Q2 - Earnings Call Transcript
2021-08-12 23:45
Financial Data and Key Metrics Changes - In Q2 2021, the company reported a 49% increase in ROL IFRS from BRL 5.3 billion to BRL 7.9 billion compared to Q2 2020 [6] - EBITDA increased by 64%, while net profit surged from BRL 469 million in Q2 2020 to over BRL 2.5 billion in Q2 2021, marking a 439% increase [7] - Recurrent net profit reached BRL 4.5 billion, up from BRL 643 million in the same quarter last year, reflecting an increase of over 600% [7][46] - The net debt to EBITDA ratio improved from 1.4x to 1.0x, the lowest in the company's records [8][48] Business Line Data and Key Metrics Changes - Generation revenue increased by BRL 863 million, primarily due to higher PLD and short-term operations [23] - Transmission revenue rose by 52% to BRL 1.9 billion, driven by tariff reviews implemented in July of the previous year [24] - The company experienced a 30% increase in operational costs, attributed to personnel expenses and maintenance activities at Angra I and II [39] Market Data and Key Metrics Changes - The daily energy charge in Brazil increased by 17% in Q2 2021 compared to the previous year, reflecting a recovery in economic activities [9] - The GSF dropped to 70% in June 2021, indicating potential challenges in the upcoming months due to water crisis impacts [10][36] Company Strategy and Development Direction - The company is focusing on the acceleration of critical projects like Angra 3 and corporate rationalization through the incorporation of Amazonas GT by Eletronorte [11][13] - The management is optimistic about achieving capitalization goals and is preparing for a follow-on offering in early 2022 [20][50] Management's Comments on Operating Environment and Future Outlook - Management highlighted the robust recovery of economic activities in Brazil and the expected continuation of high PLD levels in the near future [10] - The company is closely monitoring regulatory changes and their potential impacts on operations and financial performance [62] Other Important Information - The company announced a dividend payment of BRL 1.5 billion scheduled for the end of August [8] - The company received several awards for corporate governance and financial management, reflecting its commitment to ESG principles [17] Q&A Session Summary Question: Update on the percentage of actions available - Management indicated that the percentage of actions is above 70%, nearing 80%, but the process is slower due to the pandemic [57] Question: Clarification on dividends and leverage - Management stated there are no current predictions to change the dividend payout, emphasizing the need to evaluate the capitalization process [57] Question: Governance concerns regarding Eletronuclear - Management reassured that governance rules are in place to ensure effective management and decision-making regarding new investments [61] Question: Tax reform considerations - Management acknowledged ongoing discussions with the government regarding tax reform but did not provide specific timelines [68]
Eletrobras(EBR) - 2021 Q1 - Earnings Call Transcript
2021-05-14 23:10
Centrais Electricas Brasileiras S.A.- Eletrobras (NYSE:EBR) Q1 2021 Earnings Conference Call May 13, 2021 1:30 PM ET Company Participants Rodrigo Limp - Chief Executive Officer Elvira Presta - Chief Financial Officer and Chief Investor Relations Officer Pedro Jatoba - Director of Generation Conference Call Participants Carolina Carneiro - Credit Suisse Andre Sampaio - Santander Bank Henrique Peretti - J.P. Morgan Daniel Travitzky - Banco Safra Marcelo Sa - Banco Itau BBA Operator Ladies and gentlemen, thank ...
Eletrobras(EBR) - 2020 Q4 - Annual Report
2021-05-08 01:45
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, 2020 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) - 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]