Copel(ELP)

Search documents
Copel(ELP) - 2021 Q4 - Annual Report
2022-04-27 16:00
As filed with the Securities and Exchange Commission on April 27, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 Commission file number: 001-14668 COMPANHIA PARANAENSE DE ENERGIA – COPEL (Exact Name of Registrant as Specified in its Charter) Energy Company of Paraná (Translation of Registrant's Name into English)The Federative Republic of Braz ...
Copel(ELP) - 2021 Q4 - Annual Report
2022-04-27 16:00
[Report of Foreign Private Issuer (Form 6-K)](index=1&type=section&id=Report%20of%20Foreign%20Private%20Issuer%20%28Form%206-K%29) [Filing Information](index=1&type=section&id=Filing%20Information) Companhia Paranaense de Energia (Copel) filed this Form 6-K with the SEC for April 2022, indicating annual reports are filed under Form 20-F - Registrant: **COMPANHIA PARANAENSE DE ENERGIA (Energy Company of Paraná)**[1](index=1&type=chunk) - Form Type: **Form 6-K, Report of Foreign Private Issuer**[1](index=1&type=chunk) - Filing Period: **April 2022**[1](index=1&type=chunk) - Annual reports are filed under **Form 20-F**[2](index=2&type=chunk) [Summary of the 212th Extraordinary Board of Directors' Meeting](index=2&type=section&id=Summary%20of%20the%20212th%20Extraordinary%20Board%20of%20Directors%27%20Meeting) The Board unanimously approved Independent Auditor's Reports and the 2021/2022 Form 20-F for disclosure [Meeting Details](index=2&type=section&id=Meeting%20Details) The 212th Extraordinary Board Meeting was held via video conference on April 27, 2022, chaired by Marcel Martins Malczewski - Meeting: **212th Extraordinary Board of Directors' Meeting**[4](index=4&type=chunk) - Date and Time: **April 27, 2022, at 2:00 p.m.**[4](index=4&type=chunk) - Venue: **Video conferencing**[4](index=4&type=chunk) - Presiding Officer: **Marcel Martins Malczewski, Chair**[4](index=4&type=chunk) [Resolutions](index=2&type=section&id=Resolutions) The Board unanimously approved the Independent Auditor's Reports and the 2021/2022 Form 20-F and its disclosure - The Board unanimously approved the **Independent Auditor's Report on Consolidated Financial Statements** and the **Independent Auditor's Report on Internal Controls of Financial Reports** for the 2021/2022 20-F Form[4](index=4&type=chunk) - The Board unanimously approved the **2021/2022 20-F Form** and its disclosure[4](index=4&type=chunk) [Signatures and Forward-Looking Statements](index=3&type=section&id=Signatures%20and%20Forward-Looking%20Statements) The report, signed by CEO Daniel Pimentel Slaviero on April 28, 2022, includes a cautionary statement on forward-looking information - The report was signed on **April 28, 2022**, by **Daniel Pimentel Slaviero, Chief Executive Officer**[8](index=8&type=chunk) - The document includes a forward-looking statements clause, indicating that statements are based on current views, subject to risks, and actual results may differ materially[9](index=9&type=chunk)
Copel(ELP) - 2022 Q1 - Quarterly Report
2022-03-30 16:00
[Filing Information](index=1&type=section&id=Filing%20Information) This section details the Form 6-K filing by Companhia Paranaense de Energia (COPEL) with the SEC in March 2022 [Form 6-K Filing Details](index=1&type=section&id=Form%206-K%20Filing%20Details) This document is a Form 6-K report filed by Companhia Paranaense de Energia (COPEL), a foreign private issuer, for March 2022 - The report is a **Form 6-K** filed by Companhia Paranaense de Energia (COPEL) for March 2022[1](index=1&type=chunk) - The company is registered as a foreign private issuer, filing annual reports under **Form 20-F**[2](index=2&type=chunk) [Annual General Meeting (AGM) - Distance Voting Ballot](index=2&type=section&id=Annual%20General%20Meeting%20(AGM)%20-%20Distance%20Voting%20Ballot) This section outlines the procedures and resolutions for shareholders to participate in COPEL's Annual General Meeting via distance voting [Meeting Information and Voting Instructions](index=2&type=section&id=Meeting%20Information%20and%20Voting%20Instructions) Shareholders receive instructions for remote participation in the April 29, 2022 AGM, including ballot submission methods and deadlines - The Annual General Meeting (AGM) for CIA PARANAENSE DE ENERGIA - COPEL is scheduled for **April 29, 2022**[11](index=11&type=chunk) - Shareholders can vote remotely via email, physical mail, or through service providers like custody agents or **Banco Bradesco S.A.**[7](index=7&type=chunk)[8](index=8&type=chunk) - The deadline for receiving completed ballots and required documentation is **April 22, 2022**[8](index=8&type=chunk) - Valid ballots must be fully completed, initialed, signed, and accompanied by certified identification and representation documents[8](index=8&type=chunk) [Resolutions concerning the Annual General Meeting (AGM)](index=2&type=section&id=Resolutions%20concerning%20the%20Annual%20General%20Meeting%20(AGM)) Shareholders will vote on the 2021 financial statements, the R$4.95 billion net income allocation, and 2022 management compensation - Resolution 1: Analysis and voting on the **Annual Management Report, balance sheet, and financial statements for fiscal year 2021**[8](index=8&type=chunk)[9](index=9&type=chunk) Resolution 2: Proposed Allocation of 2021 Net Income | Description | Amount (R$) | | :--- | :--- | | **Net Income for FY 2021** | **4,952,570,482.46** | | **Total Proposed Earnings Distribution** | **3,088,487,160.06** | | *Breakdown of Distribution:* | | | Intercalary interest on equity | 239,635,594.00 | | Intercalary dividends (paid Nov 2021) | 1,197,002,956.91 | | Dividends as interest on capital (by July 2022) | 283,173,477.44 | | Additional proposed dividend (by July 2022) | 1,368,675,131.71 | - Resolution 3: Establishment of **compensation for Management, Supervisory Board, and Statutory Committees** for the 2022 fiscal year[12](index=12&type=chunk) [Concluding Information](index=5&type=section&id=Concluding%20Information) This section provides the report's signature details and a standard disclaimer regarding forward-looking statements [Signature and Forward-Looking Statements](index=5&type=section&id=Signature%20and%20Forward-Looking%20Statements) The report, signed by CEO Daniel Pimentel Slaviero, includes a disclaimer on the inherent risks of forward-looking statements - The report was signed on **March 31, 2022**, by **Daniel Pimentel Slaviero**, Chief Executive Officer[14](index=14&type=chunk)[15](index=15&type=chunk) - A forward-looking statements clause warns that future performance statements are based on current estimates and subject to various risks and uncertainties[16](index=16&type=chunk)
Copel(ELP) - 2021 Q4 - Earnings Call Transcript
2022-03-24 04:06
Financial Data and Key Metrics Changes - In 2021, the company achieved a historic EBITDA of BRL 8.4 billion and a net income of BRL 5.49 billion, marking the highest net income ever reported by the company [4][14] - The dividend declared for 2021 was over BRL 5 billion, resulting in a dividend yield of approximately 16% [4][14] - The fourth quarter of 2021 saw a net income drop of 30% compared to the previous year, primarily due to the hybrid crisis and a decrease in energy trading results [15][19] Business Line Data and Key Metrics Changes - The Generation and Transmission (GeT) segment was significantly impacted by the hybrid crisis, with a reduction in dispatch levels and increased maintenance costs [16][21] - The adjusted EBITDA for the year grew by 5.2%, while net income increased by 2.7%, mainly due to strong performance in the first half of 2021 [18] - The company reported a reduction in personnel costs, with a headcount decrease of over 2,300 employees in recent years [26][25] Market Data and Key Metrics Changes - The GSF (Generation Scaling Factor) reached an average of 67.7% in the fourth quarter, reflecting the challenges faced in the energy market [15][35] - The company anticipates a recovery in GSF levels to historical averages of 80-85% due to improved rainfall and reservoir conditions [35] Company Strategy and Development Direction - The company is focusing on its core business, having sold Copel Telecom, and is committed to disciplined cash allocation and investment policies [5][9] - A significant part of the company's strategy includes a carbon neutrality plan for 2030, with executive incentives tied to carbon emission reduction targets [6][8] - The company is exploring growth opportunities through M&A while being cautious due to high interest rates and commodity price pressures [9][10] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of strategic planning and resilience in navigating the challenges posed by the pandemic and energy sector adversities [3][4] - The company is optimistic about future growth opportunities, particularly in renewable energy, with plans to increase its wind and solar portfolio [46][50] - Management expressed confidence in the company's ability to adapt to regulatory changes and market dynamics, emphasizing a long-term vision [8][53] Other Important Information - The company is undergoing a governance upgrade, migrating to level two of governance at B3, reinforcing its commitment to high corporate governance standards [5][6] - The investment program for 2022 is set at BRL 2.1 billion, focusing on modernizing the electric grid and enhancing service quality [27][28] Q&A Session All Questions and Answers Question: Update on the renewal process for the concession privatization of ZRA and investment strategy for the current year - The company plans to sell control of the GSF by December 2023 and is analyzing the concession's value and assured energy [32] - For the transmission auction, the company intends to establish partnerships to participate in multiple lots, reducing capital use [33][34] Question: Impact of the GSF in the next few periods - The GSF is expected to recover to historical levels of around 80-82% due to improved rainfall and reservoir conditions [35] Question: Expectation for the sale of the BNDES stake in the company - The timing for the sale is contingent on market conditions and the results of the first quarter, with a potential window in mid-July [36][37] Question: Dividend payment timeline - The dividend payment date will be determined during the shareholders' meeting, with intentions to pay two dividends per year [39] Question: Strategy for energy generation contracting and future energy prices - The long-term price expectation remains around BRL 170-180, with a strategy to maintain a natural hedge of 15-18% [40][41] Question: Leverage and potential acquisitions - The company aims for a leverage ratio of around 2.5x, focusing on good investment opportunities while maintaining a disciplined dividend payout policy [42][44] Question: Divestment scenario for Compagas and strategies for renewable energy - The company sees potential in the gas distribution sector and aims to double its renewable energy portfolio in the next three to five years [46][48]
Copel(ELP) - 2021 Q3 - Earnings Call Transcript
2021-11-12 00:28
Companhia Paranaense de Energia - COPEL (NYSE:ELP) Q3 2021 Earnings Conference Call November 11, 2021 12:00 PM ET Company Participants Daniel Slaviero - Chief Executive Officer Adriano Rudek de Moura - Chief Financial Officer and Investor Relations Officer Moacir Bertol - Chief Generation and Transmission Operations and Maintenance Officer Operator Good morning. Thank you for waiting. Welcome to the video conference of Companhia Paranaense de Energia Copel for the Presentation of the Third Quarter of 2021 R ...
Copel(ELP) - 2021 Q2 - Earnings Call Transcript
2021-08-12 23:40
Companhia Paranaense de Energia-COPEL (NYSE:ELP) Q2 2021 Earnings Conference Call August 12, 2021 1:00 PM ET Company Participants Daniel Slaviero - CEO Adriano Rudek de Moura - CFO Operator Good morning, good afternoon, and thank you for waiting. Welcome to Companhia Paranaense de Energia Copel Conference Call to present the results of the second quarter 2021. [Operator Instructions] Before proceeding, we would like to clarify that forward-looking statements that might be made during the call in relation to ...
Copel(ELP) - 2021 Q1 - Earnings Call Transcript
2021-05-08 06:30
Companhia Paranaense de Energia-COPEL (NYSE:ELP) Q1 2021 Earnings Conference Call May 6, 2021 1:00 PM ET Company Participants Daniel Slaviero – Chief Executive Officer Adriano Rudek de Moura – Chief Financial Officer and Investor Relations Officer Conference Call Participants Marcelo Sa – Itau Operator Good afternoon, and thank you for waiting. Welcome to Companhia Paranaense de Energia COPEL Earnings Call to discuss the results of the first quarter of 2021. All participants are in a listen-mode during the ...
Copel(ELP) - 2020 Q4 - Annual Report
2021-04-19 16:00
As filed with the Securities and Exchange Commission on April 19, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 Commission file number: 001-14668 COMPANHIA PARANAENSE DE ENERGIA – COPEL (Exact Name of Registrant as Specified in its Charter) Energy Company of Paraná (Translation of Registrant's Name into English)The Federative Republic of Braz ...
Copel(ELP) - 2020 Q3 - Earnings Call Transcript
2020-11-13 16:54
Companhia Paranaense de Energia - COPEL (NYSE:ELP) Q2 2020 Earnings Conference Call November 13, 2020 8:00 AM ET Company Participants Daniel Pimentel Slaviero - Chief Executive Officer Adriano Rudek de Moura - Chief Financial and Investor Relations Officer Wendell Oliveira - Chief Executive Officer, Copel Telecom Maximiliano Andres Orfali - Chief Executive Officer, Copel Distribuição S.A. Conference Call Participants Carolina Carneiro - Credit Suisse Marcelo Sa - Itaú BBA Gabriel Francisco – XP Investimento ...
Copel(ELP) - 2020 Q2 - Earnings Call Transcript
2020-08-15 05:23
Companhia Paranaense de Energia - COPEL (NYSE:ELP) Q2 2020 Earnings Conference Call August 14, 2020 10:00 PM ET Company Participants Daniel Pimentel Slaviero - CEO Adriano Rudek de Moura - CFO Marcel Malczewski - Chairman Conference Call Participants Carolina Carneiro - Credit Suisse Operator Good morning, and thank you for waiting. Welcome to Companhia Paranaense de Energia-Copel Earnings Call to discuss the results of the second quarter of 2020. All participants are in listen-only mode during the company' ...