- CEMAR's billed energy volume increased 4.6% in 2Q11 compared to 2Q10. Energy losses decreased by 0.8 percentage points and outage indices DEC and FEC improved by 14.9% and 23.0%, respectively.
- Net operating revenues grew 7.7% to R$467.3 million in 2Q11, reflecting an 8.0% increase by CEMAR. Adjusted EBITDA declined 17.0% to R$120.3 million and adjusted net income decreased 22.4% to R$44.7 million.
- Equatorial's consolidated investments totaled R$110.7 million in 2Q11, up 14.
18. CEMAR’s last-12-month energy losses totaled 21.4% of required energy in 2Q11, 0.8 p.p. less than the 2Q10 ratio.
19.
20. 2Q11 adjusted EBITDA came to R$120.3 million, 17.0% lower than the amount reported in 2Q10.
21. Adjusted Net income totaled R$44.7 million in the quarter, 22.4% down on the adjusted amount reported in the same period last year.
22. Equatorial’s consolidated investments amounted to R$110.7 million in 2Q11, 14.8% up year-on-year. In CEMAR (excluding direct investments in the Light For All Program), total capex amounted to R$63.8 million, 47.1% growth. Light For All Program investments totaled R$46.8 million.
23. As announced in our Earnings Release, Ernst & Young was hired as our new independent auditors.
64. Synergy between the trading and potential new generation deals in Equatorial.21
65.
66. Pioneer in this market and main responsible by the development of CPFL Brasil – biggest brazilian trading (aprox. R$200 million in annual net income) and NC Energia (energy trading of the Neoenergia Group);
76. Forward-looking statements refer to future events which may or may not occur. Our future financial situation, operating results, market share and competitive positioning may differ substantially from those expressed or suggested by said forward-looking statements. Many factors and values that can establish these results are outside Company’s control or expectation. The reader/investor is advised not to completely rely on the information above.
77. The words “believe", “can", “predict", “estimate", “continue", “anticipate", “intend", “forecast" and similar words, are intended to identify estimates, which refer only to the date on which they were expressed. Hence, the Company has no obligation to update said statements.
78. This presentation does not constitute any offering, invitation or request of subscription offer or purchase of any marketable securities. And, this statement or any other information herein, does not constitute the basis for any contract or commitment of any kind.