Companhia De Gas De Sao Paulo - Comgas · BMFBOVESPA:CGAS3
Companhia De Gas De Sao Paulo - Comgas — Companhia de Gás de São Paulo - Comgás — 4Q16 Earnings Presentation
21 slides from Companhia De Gas De Sao Paulo - Comgas's earnings presentation, Dec 31, 2016
Slide 1: Institutional Presentation
| Institutional Presentation | December 31st, 2016
Slide 2: Disclaimer
Disclaimer This presentation contains estimates and forward-looking statements regarding our strategy and opportunities for future growth. Such information is mainly based on our current expectations and estimates or projections of future events and trends, which affect or may affect our business an
Slide 3: Company Overview
comgos Company Overview
Slide 4: History
History More than a hundred years of history 2016: More than 1.6 2012: Cosan acquires 60.1% million customers of Comgás’ social capital connected to the from British Gas (BG). network 2010: Comgás is consolidated as Brazil’s largest natural gas distributor responsible for more than 30% of the sales
Slide 5: Shareholder Structure
Shareholder Structure Shell Gas BV 100% Cosan S.A. Indústria Shell Brazil Holding Integral Investments Others e Comércio BV BV (free float) 62.65% 5.96% 11.16% 20.22% 5
Slide 6: Highlights
Highlights Premium Asset Robust concession located in a strategic regime area Favorable prospects ZERO INJURY Potential in the for natural gas in AND HIGH residential and Brazil PERFORMANCE commercial segments Strong capital Diverse consumer structure base 6
Slide 7: Premium Asset
Premium Asset Concession Area 177 Cities COMGÁS NATURAL • Less than 1% of the Brazilian geographic area GAS SPS Approximately 26% of the GDP and 30% of the gas G distributed in Brazil Santa Cruz de La Sierra Corumbá G Rio de G Campo Janeiro High population density G Grande Campinas • 30.9 million pe
Slide 8: Growth Since Privatization
Growth Since Privatization Net Revenue R$ mm Volume bi m³ CAPEX R$ mm 5.657 463 4,3 1,3 341 50 1999 2016 1999 2016 1999 2016 Network Km Municipalities Meters 1.131.710 15.307 87 314.034 17 2.500 1999 2016 1999 2016 1999 2016 8
Slide 9: Regulation
Regulation REGULATED PRICES AND TARIFFS RULES Market Customers Production and Transportation: Residential and Commercial ANP (Federal) (low volume) .................. Distribution: Trading and distribution during the concession period ARSESP (State) As a public service provider, Comgás’ activities O
Slide 10: Volume
Volume In millions of m³ -8.6% 754 938 924 221 204 89 4.703 4.520 4.287 4.119 1.021 1.047 2013 2014 2015 2016 4Q15 4Q16 Ex-Thermal Generation Thermal Generation Volume - 2016 Normalized Margin - 2016 6% 10% 4% 6% 54% 3% 76% 31% 5% 3% 2% 10
Slide 11: Natural Gas Supply
Natural Gas Supply Contracts Contracts TCQ Firm Modality Firm Firm Gas Source Petrobras System Petrobras System DCQ 8.10 MMm³/day 5.22 MMm³/day End of Contract Jul/19 Dez/19 Daily contracted quantity 13.3 million m³ Daily demanded quantity 11.3 million m³ 11
Slide 12: Segments: Residential and Commercial
Segments RESIDENTIAL COMMERCIAL 1.6 million residential customers More than 15 thousand customers Geographic expansion capturing around Focus on small and medium businesses 110,000 new customers in the last 12 months New real estate projects New construction processes Saturation of inhabited Agility
Slide 13: Segments: Industrial and Automotive
Segments INDUSTRIAL AUTOMOTIVE Portfolio of over 1,100 clients 265 gas stations Savings and environmental benefits Expansion in the small and medium Focus on heavy users (taxis and fleets) industry Partnerships with suppliers, dealers and New applications: forklifts fleet owners Partnership with Inv
Slide 14: Segments: Cogeneration and Thermal Generation
Segments COGENERATION THERMAL GENERATION 25 Customers 2 Plants Efficiency and energy security in the medium and long term Partnership with suppliers seeking to reduce Demand depends on the thermal dispatch level the installation cost (determined by the Government) Gas contracts back to back Developm
Slide 15: Financial Highlights
comgos Financial Highlights
Slide 16: Financial Performance
Financial Performance CAGR (00-16) 16,6% 14% (26%) EBITDA 1.965 414 1.530 1.465 1.403 1.336 1.435 1.378 359 1.303 1.176 308 314 968 107 2000 ... 2012 2013 2014 2015 2016 4Q15 4Q16 CAGR (00-16) 15,9% (11%) (44%) Net Revenue 901 699 241 619 601 612 620 526 546 555 180 159 370 134 45 2000 ... 2012 2013
Slide 17: Regulatory Current Account
Regulatory Current Account In millions of R$ 364 351 348 334 297 293 223 243 209 211 211 117 -78 -391 -414 -451 Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec 2013 2014 2015 2016 17
Slide 18: Investments
Investments In millions of R$ 852 (11%) 662 616 521 14% 510 464 405 139 158 100 2000 ... 2010 2011 2012 2013 2014 2015 2016 4Q15 4Q16 18
Slide 19: Debt Structure
Debt Structure In thousands of R$ December 2016 December 2015 Short Term Debt 464.938 549.768 Long Term Debt 3.168.000 2.608.266 Total Debt 3.632.938 3.158.035 (-) Cash and Marketable Securities 2.310.821 1.967.643 (=) Net Debt 1.322.117 1.190.392 EBITDA (*) 1.964.726 1.529.918 Short Term Debt/Total
Slide 20: Guidance
Guidance 2016 2017 Guidance Actual Min Max Volume ex-thermal (mm m³) 4.119 4.000 4.300 EBITDA Normalized (R$mm) 1.465 1.550 1.650 CAPEX (R$mm) 464 450 500 20
Slide 21: Investor Relations
INVESTOR RELATIONS investidores@comgas.com.br ri.comgas.com.br Phone: (11) 4504-5065 | comgas.com.br NELSON GOMES CEO RAFAEL BERGMAN CFO and IRO ANDRÉ SALGUEIRO Treasury and Investor Relations Manager Av. Pres. Juscelino Kubitschek, nº 1327, 15th floor - Vila Nova Conceição - CEP 04543-011 / São Pau
Companhia de Gás de São Paulo - Comgás — 4Q16 Earnings Presentation on 6ix