Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Q3 2021 Earnings Conference Call November 18, 2021 9:00 AM ET Company Participants Mario Sampaio - Head of Capital Markets and Investor Relations Benedito Braga - Chief Executive Officer Osvaldo Garcia - Chief Financial and Investor Relations Officer Marcelo Miyagui - Head of Accounting Marcel Sanches - Head of Regulations Mario Sampaio Okay. Good morning to all. Welcome to SABESPÂ's Video Conference to discuss the Earnings for Q3. My ...

Financial Data and Key Metrics Changes - The company reported a net income of BRL 773 million for Q2 2021, a significant increase of 104% compared to BRL 378 million in Q2 2020, primarily driven by favorable financial results due to currency appreciation [33][38] - Adjusted EBITDA decreased by BRL 128 million to BRL 1.5 billion, but excluding nonrecurring effects from Q2 2020, it showed an increase of BRL 66 million [25][32] - Total billed volume increased by 1.6% year-over-year, with water volume up 0.7% and sewage volume up 2.7% [28] Business Line Data and Key Metrics Changes - Revenue from sanitation services grew by 6% from BRL 3.7 billion in Q2 2020 to BRL 3.9 billion in Q2 2021, mainly due to tariff adjustments [30] - Net revenue increased from BRL 4.4 billion to BRL 4.6 billion, reflecting growth in service revenues [31] - Construction revenue remained stable compared to the previous year [31] Market Data and Key Metrics Changes - The average tariff increased by 3% compared to Q2 2020, and if excluding nonrecurring effects, the increase was 9.2% [26] - The company managed to reduce foreign currency exposure from 34% to 19% due to local debt issuance and currency appreciation [27] Company Strategy and Development Direction - The company has created a superintendency for new business and market expansion, focusing on opportunities under the new regulatory framework established by Law 14,026 of 2019 [12] - The company is optimistic about its ability to connect more residences to its sewage collection and treatment system, with significant progress reported in the Pinheiros River project [51] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's resilience despite external challenges such as the pandemic and climatic issues, stating that the infrastructure built in recent years has positioned the company well [18][51] - The management highlighted the importance of the new regulatory framework and the company's readiness to comply with the new requirements [41] Other Important Information - The company issued BRL 1.2 billion in debentures to refinance maturing debt, indicating proactive financial management [43] - A state law was promulgated to rationalize sanitation areas, which aligns with the company's operational regions [14] Q&A Session Summary Question: Were there any questions from participants? - There were no questions from participants during the Q&A session, indicating a clear presentation of the company's results and outlook [46][48]

P R E S E N T A T I O N 2Q21 AGENDA THE COMPANY OUR OPERATIONS OUR FINANCIAL PERFORMANCE SPMR – WATER SITUATION IR Contacts 2Q21 Presentation Disclaimer This presentation may contain forward-looking statements referring to Sabesp's business outlook, operating and financial results estimates, and growth prospects. These are only forecasts, and as such, they are exclusively based on Sabesp's management expectation in relation to the future of business and its continuous access to capital to finance the Compan ...

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Q1 2021 Earnings Conference Call May 18, 2021 1:00 PM ET Company Participants Mario Sampaio – Head of Capital Markets and Investor Relations Rui de Affonso – Chief Financial and Investor Relations Officer Conference Call Participants Mario Sampaio Good afternoon everyone and welcome to the SABESP Video Conference to discuss the Results for First Quarter of 2021. My name is Mario Sampaio. I am the Head of Capital Markets and Investor R ...

Companhia de Saneamento Básico do Estado de São Paulo (NYSE:SBS) Q4 2020 Results Conference Call March 30, 2021 1:00 PM ET Company Participants Mario Sampaio - Head of Capital Market and Investor Relations Rui Affonso - Chief Financial and Investor Relations Officer Marcelo Miyagui - Head of Accounting Agnaldo Pacheco - Head of Controller Louis Tiberio - Head of Tariffs and Costs Conference Call Participants Mario Sampaio Good afternoon everybody. Welcome to the SABESP's Video Conference to Discuss the Resu ...

| --- | --- | |-----------|--------------------------| | | | | | | | 4/SANEPAR | PARANÁ GOVERNO DO ESTADO | | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Data and Key Metrics Changes - Income totaled R$421.6 million in Q3 2020, down from R$1.2 billion in Q3 2019, primarily due to nonrecurring revenue from an agreement with the municipality of Santo Andre [12] - Net operating revenue decreased by 18% from R$5.4 billion in Q3 2019 to R$4.4 billion in Q3 2020, influenced by the same agreement and a change in tariff mix [13] - Adjusted EBITDA fell from R$3 billion in Q3 2019 to R$1.5 billion in Q3 2020, with the adjusted EBITDA margin dropping from 55.6% to 34.1% [14] Business Line Data and Key Metrics Changes - Total billed volume increased by 4% in the quarter, with residential consumption rising by 3% while non-residential categories fell by 14.7% [11] - Costs, administrative selling expenses, and construction costs increased by 20.5% compared to Q3 2019, with construction costs alone rising from R$683 million to R$1 billion [15] Market Data and Key Metrics Changes - The delinquency rate is expected to rise in line with the economic situation and unemployment rates in Brazil, with a gradual recovery anticipated as the economy improves [36] Company Strategy and Development Direction - SABESP is prepared to expand markets and participate in future competitions, as evidenced by its participation in a bidding process for services in the Metropolitan region [10] - The company aims to maintain liquidity and payment capacity while executing expected investments of R$3.5 billion for the year [9] Management's Comments on Operating Environment and Future Outlook - The management noted that the economic recovery has been slow, impacting revenues due to a shift in consumption patterns towards residential use and higher delinquency levels [5] - Future results may differ materially from current expectations due to risks and uncertainties related to the economic and health crises [3] Other Important Information - SABESP issued R$1,045 million in debentures during Q3, contributing to a total of R$2.5 billion in debenture issuances for the year [7] - The company has taken measures to reduce foreign currency exposure from approximately 49% last year to 25% this year [8] Q&A Session Summary Question: Update on presidential beacons regarding federal sanitation bill - Management indicated that the impact on SABESP would depend on Congress's decisions regarding vetoes, with no major issues anticipated for the company [30] Question: Appetite for new concessions outside São Paulo - Management expressed interest in competing for contracts outside São Paulo, emphasizing a careful approach to partnerships with the private sector [33] Question: Cost impacts and savings from ongoing voluntary plans - Management did not provide specific quantification but acknowledged ongoing initiatives to manage costs [34] Question: Evolution of delinquencies in coming quarters - Management expects delinquency rates to rise with the economic situation but anticipates a gradual recovery as the economy improves [36] Question: Discussion on tariffs and rate base - Management confirmed that the weighted average cost of capital is currently at 8.1% and emphasized the importance of a transparent tariff review process [38][40]

Financial Data and Key Metrics Changes - Net income decreased to BRL 378.2 million in Q2 2020 from BRL 454.4 million in Q2 2019, reflecting the impact of the COVID-19 crisis [13] - Adjusted EBITDA increased by 28.4% from BRL 1.23 billion in Q2 2019 to BRL 1.58 billion in Q2 2020 [14] - Net operating revenue grew by 10.9%, from BRL 4 billion in Q2 2019 to BRL 4.43 billion in Q2 2020 [14] - Adjusted EBITDA margin improved to 35.7% in Q2 2020 from 30.8% in Q2 2019 [15] Business Line Data and Key Metrics Changes - Total billed volume decreased by 2%, with water consumption down by 2.1% and sewage by 2% [10] - Residential category volume increased by 0.7%, while commercial, industrial, and public categories saw significant declines of 18.4%, 16.7%, and 24.5% respectively compared to Q2 2019 [11][12] Market Data and Key Metrics Changes - The consumption mix shifted towards residential customers, which are less profitable compared to commercial and industrial customers, impacting average tariff prices [12] - Increased delinquency rates and bill payment exemptions for certain customer categories added to the financial challenges faced by the company [7] Company Strategy and Development Direction - The company focused on cost reduction and securing markets by signing contracts with 13 municipalities, including a significant agreement with Mauá [8] - SABESP is actively negotiating funding for strategic projects and debt refinancing, having raised nearly BRL 2.5 billion through local bond issues [9][27] - The company is adapting to regulatory changes in the sanitation sector, which may enhance competitive advantages due to existing contracts and governance levels [34][35] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the adverse effects of the pandemic and economic instability on operations, but highlighted successful cost containment measures [6][13] - The company is optimistic about securing additional funding and managing debt service suspensions, which will support liquidity and investment execution [21][27] - Regulatory changes are expected to create a more attractive environment for investments in the sanitation sector, which the company is well-positioned to leverage [34] Other Important Information - The company has suspended debt service for five months, amounting to BRL 130 million, which will be added to the principal of the debt [22] - A tariff adjustment index of 3.4026% was authorized, reflecting annual adjustments and compensatory measures [28] Q&A Session Summary - No questions were raised during the Q&A session, indicating a comprehensive presentation and engagement from participants [36][37]

Companhia de Saneamento Básico do Estado de São Paulo SABESP (NYSE:SBS) Q1 2020 Earnings Conference Call May 19, 2020 1:00 PM ET Company Participants Rui Affonso - Chief Financial Officer and Investor Relations Officer Mario Sampaio - Head of Capital Markets and Investor Relations Conference Call Participants Lilyanna Yang - HSBC Operator Good afternoon, ladies and gentlemen. At this time, weÂ'd like to welcome everybody to SABESP Conference Call to discuss its results of First Quarter of 2020. The audio fo ...

1Q20 Results Economic-Financial Office and Investor Relations Office DISCLAIMER This presentation may contain forward-looking statements referring to SABESP's business outlook, operating and financial results estimates, and growth prospects. These are only forecasts, and as such, they are exclusively based on SABESP's management expectation in relation to the future of business and its continuous access to capital to finance the Company's business plan. These forward-looking statements largely depend on cha ...