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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]
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 ...