Companhia De Saneamento Basico Do Estado De Sao Paulo Sabesp · BMFBOVESPA:SBSP3
Companhia De Saneamento Basico Do Estado De Sao Paulo Sabesp — Companhia de Saneamento Básico do Estado de São Paulo - SABESP — Q3 2023 Earnings Presentation
15 slides from Companhia De Saneamento Basico Do Estado De Sao Paulo Sabesp's earnings presentation, Nov 10, 2023
Slide 1: Conference 3Q23
~~ CONFERENCE 3Q23 | an
Slide 2: Disclaimer
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 regarding the future of th
Slide 3: Initiatives
INITIATIVES Efficiency and Integration • Company reorganization: in progress, to be completed by January/2024 • IDP (15%): adhesion completed, lay off schedule until by June/2024 • SSC: project implementation in progress, to be completed by mid-2024 Business Optimization • Customers: new customer st
Slide 4: Next Steps for Sabesp's Privatization
NEXT STEPS FOR SABESP’S PRIVATIZATION TODAY Jun/23 Jul/23 Aug/23 Sep/23 Oct/23 Nov/23 Dec/23 Jan/24 Feb/24 Mar/24 Apr/24 May/24 Jun/24 Jul/24 Phase 0 Phase 1 Phase 2 PHASE 0: STRUCTURE PHASE 1: DETAIL, ITERATE AND SHARPEN THE PROJECT OUTLINE PHASE 2: EXECUTE Sector vision and • Hiring the banks’s po
Slide 5: Operational Performance - Water
OPERATIONAL PERFORMANCE - WATER Water Volume Billed per Category – 3Q (million m³) Active connections - Water ('000) 462 478 9,402 3.3% Total Water Volume Billed – 3Q 9,325 46 47 9 9 11 12 12 11 Residential Commercial Industrial Public Wholesale 3Q22 3Q23 3Q22 3Q23 Water Volume Billed per Category –
Slide 6: Operational Performance - Sewage
OPERATIONAL PERFORMANCE - SEWAGE Sewage Volume Billed per Category – 3Q (million m³) Active connections - Sewage ('000) 406 420 8,090 3.7% 7,990 Total Sewage Volume Billed – 3Q 44 45 10 10 10 11 5 6 Residential Commercial Industrial Public Wholesale 3Q22 3Q23 3Q22 3Q23 Sewage Volume Billed per Categ
Slide 7: Financial Highlights (R$ million)
FINANCIAL HIGHLIGHTS (R$ million) Revenue* EBITDA** and EBITDA Margin Net Income and Net Income Margin +14.1% 14,531 +24.3% 6,670 2,479 -5.7% 2,337 12,730 45.9% 19.5% 16.1% 5,367 42.2% 1,081 +10.4% +13.0% 2,414 -21.7% 4,638 5,121 23.3% 846 2,136 47.1% 16.5% 46.1% 2022 2023 2022 2023 2022 2023 3Q 9M
Slide 8: Financial Performance (R$ million) – 3Q
FINANCIAL PERFORMANCE (R$ million) – 3Q 3Q22 3Q23 Var. Net Income 3Q22 1,081 Revenue* 4,638 5,121 483 Construction Results 30 30 -1 Costs and Expenses -3,151 -3,454 -303 Other operating income** 3 11 7 Financial Results 119 -429 -547 Income tax and social contribution -557 -431 126 Net Income 3Q23 8
Slide 9: Financial Performance (R$ million) – 9M
FINANCIAL PERFORMANCE (R$ million) – 9M 9M22 9M23 Var. Net Income 9M22 2,479 Revenue* 12,730 14,531 1,800 Construction Results 76 85 8 Costs and Expenses (ex-IDP) -9,258 -10,008 -750 Incentivized Dismissal Program – IDP 0 -530 -530 Other operating income** 20 92 73 Financial Results 134 -703 -837 In
Slide 10: Costs and Expenses (R$ million) – 3Q
COSTS AND EXPENSES (R$ million) – 3Q Allowance for doubtful accounts (% Revenue from sanitation services) 3Q22**: R$ 3,151 5.7% 9.6% 3Q23**: R$ 3,454 4.1% 4.4% 4.2% 3.3% 2.7% 2.8% 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 +4.7% +14.0% +16.3% 765 801 725 714 635 +26.7% 614 +2.4% 458 -24.5% 359 368 362 -10.4
Slide 11: Costs and Expenses (R$ million) – 9M
COSTS AND EXPENSES (R$ million) – 9M Allowance for doubtful accounts (% Revenue from sanitation services) 9M22**: R$ 9,258 4.1% 13.8% 9M23**: R$ 10,537 3.4% +31.0% 2,893 9M22 9M23 530 PDI +14.1% +13.3% 1,993 2,041 1,747 1,802 +7.0% +0.3% +17.2% 2,209 2,363 1,147 1,151 1,169 997 -5.2% -5.2% -5.1% 615
Slide 12: Capex
CAPEX INTEGRA TIETÊ CANTAREIRA PCJ NORTH COAST INVESTMENTS IN 3Q23 INVESTMENTS IN 9M23 R$ 1,404 million R$ 3,935 million UNIVERSALIZATION TARGET CASH DISBURSED IN 3Q23 CASH DISBURSED IN 9M23 R$ 752 million R$ 2,298 million CAPEX (R$ million) Constant Value - December 2022 Water suply Sewage collecti
Slide 13: Loans and Financing
LOANS AND FINANCING NET DEBT vs. ADJUSTED EBITDA* ADJUSTED EBITDA* vs. FINANCIAL EXPENSES** 3.50 3.50 3.50 3.50 3.50 4.8 4.7 4.3 4.1 4.3 2.2 2.2 2.2 2.80 2.80 2.80 2.80 2.80 2.1 2.0 3Q22 4Q22 1Q23 2Q23 3Q23 3Q22 4Q22 1Q23 2Q23 3Q23 Sabesp's Indicator Covenant (equal or lower) Sabesp's Indicator Cove
Slide 14: Investor Relations
Investor Relations Phone. +55 (11) 3388-8793 / 9267 E-mail: sabesp.ri@sabesp.com.br Site: ri.sabesp.com.br Conference 3Q23 14
Slide 15: ~~ S& B PADLO
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