Companhia De Saneamento Basico Do Estado De Sao Paulo Sabesp · BMFBOVESPA:SBSP3
Companhia De Saneamento Basico Do Estado De Sao Paulo Sabesp — Q2 2019 Earnings Presentation
14 slides from Companhia De Saneamento Basico Do Estado De Sao Paulo Sabesp's earnings presentation, Sep 23, 2019
Slide 1: Gross operating revenue
3,249.8 Gross operating revenue pore 3,878.0 9,672.2 Net operating revenue 3,997.9 Costs, adm. & selling expenses and construction costs 1,382.6 1,281.6 Adjusted EBITDA 1,085.6 Adjusted EBIT 807.1 181.9 Net income 454.4 42Q18 #2019 »4GpoB
Slide 2: Adjusted EBITDA Reconciliation (Non-accounting measures)
(1) Includes Regulation, Control and Inspection Fee (TRCF), totaling R$ 17.0 million in 2Q19 and R$ 15.8 million in 2Q18. (2) Includes TRCF transfer, totaling R$ 15.1 million in 2Q19 and R$ 13.5 million in 2Q18. (*) Total shares = 683,509,869 Adjusted EBITDA Reconciliation (Non-accounting measures)
Slide 3: Adjusted EBIT and EBITDA commentary; gross operating revenue
* Adjusted EBIT corresponds to net income before: (i) other operating revenues/expenses, net; (ii) financial result; and (iii) income tax and social contribution. **Adjusted EBITDA corresponds to net income before: (i) depreciation and amortization expenses; (ii) income tax and social contribution;
Slide 4: Water and sewage billed volume per customer category
WATER AND SEWAGE BILLED VOLUME") PER CUSTOMER CATEGORY - million m* Water Sewage Water + Sewage Catego 2019 2018 %___2Q19 2018 % 2019 2018 % Residential 420.4 398.1 56 3620 3408 62 7824 7389 59 Commercial BT ALT 48 427 404 57 864 821 52 Industrial 84 Wit 52 99 92 76 180 169 65 Public 14 10.5 86 10.2
Slide 5: Costs, administrative & selling expenses and construction costs
(1) Unaudited (2) Including costal and interior regions (3) Wholesale volumes of reuse water and non-domestic sewage 5. Costs, administrative & selling expenses and construction costs Costs, administrative & selling expenses and construction costs increased by R$ 577.5 million in 2Q19 (22.1%). Exclu
Slide 6: Salaries and payroll charges and Pension plan obligations
5.1. Salaries and payroll charges and Pension plan obligations In 2Q19, there was an increase of R$ 91.4 million, or 13.4%, due to the following: · Increase of R$ 44.6 million, mainly due to the addition of 619 employees since June 2018, (net of admissions and dismissals), the application of 1.0% re
Slide 7: Financial expenses
7.1.1. Financial expenses Increase of R$ 78.4 million, mainly due to: · R$ 91.2 million increase in other financial expenses, mainly as a result of: (i) the recognition of interest in 2Q19, in the amount of R$ 53.9 million, due to the full start-up of the São Lourenço Production System in July 2018;
Slide 8: Net monetary and exchange variation
The effect of net monetary and exchange variation in 2Q19 was R$ 790.7 million lower than in 2Q18, highlighting the R$ 856.1 million decrease of exchange variation on loans and financing, as a result of the 1.7% depreciation of the US dollar against the Brazilian real in 2Q19, compared to a 16.0% ap
Slide 9: Operating and economic indicators
(1) Total connections, active and inactive, in thousand units at the end of the period. (2) In million inhabitants, at the end of the period. Does not include wholesale. (3) In millions of cubic meters. (4) Does not include Guarulhos (*) Unaudited. 9.2. Economic
Slide 10: Economic indicators footnotes
(1) Annual accrual, in % (2) Annual average (3) Ptax sale rate on the last day (*) Unaudited
Slide 11: Capex
11. Capex R$ 739.6 million was invested in 2Q19 totaling R$ 1.5 billion in the first half of the year.
Slide 12: Brazilian Corporate Law R$ '000 income statement
Brazilian Corporate Law R$ ‘000 2Q19 2Q18 Net Operating Income 3,997,910 3,672,234 Operating Costs (2,563,979) (2,152,364) Gross Profit 1,433,931 1,519,870 Operating Expenses Selling (203,169) (167,339) Estimated losses with doubtful accounts (80,815) (58,067) Administrative expenses (347,097) (239,
Slide 13: Assets and liabilities and equity
Current assets Cash and cash equivalents Trade receivables Related parties and transactions Inventories Restricted cash Current recoverable taxes Other receivables Total current assets Noncurrent assets Trade receivables Related parties and transactions Escrow deposits Water National Agency — ANA Ot
Slide 14: Signature and forward-looking statements
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city São Paulo, Brazil. Date: August 14, 2019 Companhia de Saneamento Básico do Estado de São Pau
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