16 slides from Transmissora Alianca De Energia Eletrica's earnings presentation, Nov 7, 2024
Slide 1: Shareholders' Public Meeting and 3Q24 Earnings Release
SE Assis (ATE/ETEO) Shareholders’ Public Meeting and 3Q24 Earnings Release November 7, 2024
Slide 2: Disclaimer
Disclaimer The individual and consolidated financial projections were prepared in accordance with accounting practices adopted in Brazil, encompassing corporate legislation, pronouncements, guidelines and interpretations issued by the Accounting Pronouncements Committee (CPC), in addition to the rul
Slide 3: Mission, Vision, Values
Mission We connect Brazil with safe and reliable electric power. Vision To be the electric power transmission company of greatest Value to society. Values • We genuinely care for people. • We act with integrity building relationships of trust. • We seek excellence in everything we do. • We are TAESA
Slide 4: Sustainability
Sustainability Socio-environmental 474 Critical Areas mapped Campaigns Campaigns carried out in 96% of Critical Areas Wildfire awareness Project TAESA Educa: ATE II - Centro-Sul of Piauí Classes and ✓ 1 thousand+ certificates Trainings with ✓ Forest wildfire fighting training delivered to 720 people
Slide 5: 3Q24 Highlights
3Q24 Highlights On a recurring basis, regulatory net revenues increased 3.4% and regulatory costs and expenses reduced 5.1% year over year. Excluding non-recurring effects, adjusted regulatory EBITDA grew 5.3% year on year. Regulatory net income registered 2.2% growth in the last 9 months, totaling
Slide 6: Regulatory Results
Regulatory Results 84.6% Net Revenues EBITDA 82.9% (R$ MM – Taesa consolidated) (R$ MM – Taesa consolidated) -3.5% EBITDA Margin 82.5% 82.3% -5.5% 1,812.4 1,748.1 1,533.2 1,449.6 -1.0% -1.2% 598.4 592.5 493.6 487.6 3Q23* 3Q24 9M23* 9M24* 3Q23* 3Q24 9M23* 9M24* Operating Performance Net Income (in %)
Slide 7: Regulatory Results: Net Income
Regulatory Results Net Income (R$ MM – Taesa Consolidated) -5.9% (-19.3) 22.8 326.6 8.4 6.0 307.3 30.0 14.4 3Q23 Δ EBITDA Δ Equity Method Δ Net Financial Δ Depreciation ∆ Taxes 3Q24 Net Income* Results & Amortization Net Income +2.2% (+16.9) 773.9 71.1 790.8 33.9 4.2 0.4 83.6 9M23 Δ EBITDA Δ Equity
Slide 8: Regulatory EBITDA
Regulatory EBITDA (R$ MM – Taesa consolidated) • Δ RAP: Drop in RAP driven by the non-recurring recognition of additional revenue related to EUST in the amount of R$ 31 MM in 3Q23, partially offset by -1.2% the adjustment of the IPCA in this cycle (+R$ 9 MM) 493.6 (-6.0) 10.8 1.9 0.2 487.6 • Δ Varia
Slide 9: IFRS Net Income
IFRS Net Income (R$ MM) +45.0% 3Q24 x 3Q23 Analysis (+127.1) 409.3 • R$ 140.3 MM: Increase in monetary restatement revenues, due to 282.2 the rise in macroeconomic indices in the period, mainly the IGP-M. • R$ 44.9 MM: Increase in construction margin due to greater investments in reinforcements at N
Slide 10: Success at the last ANEEL auction 02/2024
Success at the last ANEEL auction 02/2024 Lot 3 - Juruá Located in the center of São Paulo state Proximity to our ATE and ETEO concessions Important operational efficiencies Concession in a strategic region with high growth potential via reinforcements Located in a high consumption center and with p
Slide 11: Projects under construction
Projects under construction (R$ MM) Installation license obtained for Tangará for the sectioning of LT 743 km Açailândia – Miranda II C1 in SE Santa Luzia III RS Saíra RAP/CAPEX1: 182.0 / 1,176 Progress2 87.1% 100% Taesa ANEEL’s Deadline: mar/28 Concession Maturity: mar/53 Pitiguari, Tangará and Saí
Slide 12: Indebtedness
Indebtedness (R$ MM – Taesa with proportional consolidation) Net Outstanding Debt Debt Amortization Profile 4.0 4.0 3.8 3.7 3.7 Average cost of debt (real): 5.04% (pre-tax) 7,529 10,605 10,782 11,106 10,960 10,400 Average debt term: 4.8 years 1,605 1,295 1,566 1,013 Cash 410 541 Balance 3Q23 4Q23 1Q
Slide 13: TAESA's 16th issuance of debentures
TAESA’s 16th issuance of debentures R$ 400 MM in size Single series to reinforce cash and working capital positions Term of 7 years Annual amortization in 6th and 7th year Among the best Rate CDI + 0.55% spreads¹ of recent issues ¹SOURCE: Issuance Coordinator 13
Slide 14: Earnings Distribution Announcement R$ 598.6 MM
Earnings Distribution Announcement Dividends and Interest on Equity - IoE Earnings Distribution for the 2024 fiscal year R$ 598.6 MM Board of Directors’ Meeting November 6, 2024 75.7% Board of Directors proposes the distribution of: Regulatory NI Payout R$ 230.5 million Distribution Announcement Rat
Slide 15: Q&A Session
Q&A Session
Slide 16: taesa
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