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 — Q4 2020 Earnings Presentation
19 slides from Companhia De Saneamento Basico Do Estado De Sao Paulo Sabesp's earnings presentation, Mar 30, 2021
Slide 1: M aterial Informativo Confidencial – 1/75
M aterial Informativo Confidencial – 1/75 1 1
Slide 2: Disclaimer
Disclaimer This presentation may contain forward-looking statements regarding Sanepar's business prospects, estimates of operating and financial results, and growth prospects. These are only projections and, as such, are based solely on Sanepar management's expectations regarding the future of the b
Slide 3: Results Presentation 4th quarter of 2020, Fiscal Year 2020
Results Presentation 4rd quarter of 2020 Fiscal Year 2020 M aterial Informativo Confidencial – 1/75 3 3
Slide 4: Highlights
Highlights Water Connections: + 79.3 thousand Sewage Connections: + 77.0 thousand Comparing 2020 to 2019, the financial indicators presented the following variations: Service Index Water 100% | Sewage 75.1% EBITDA (BRL thousands) 2019 1,971.7 | 2020 1,932.4 Incentive Retirement Program (“PAI”) $
Slide 5: Operating Result
Operating Result 2018 2019 Var % 2020 Var % WATER Measured Volume ('000) 493,586 511,736 3.7 503,306 (1.6) Billed Volume ('000) 513,817 532,830 3.7 525,791 (1.3) Connections Increase 50,600 56,777 12.2 79,274 39.6 Total Connections 3,137,760 3,194,537 1.8 3,273,811 2.5 Economic Units Increase 74,977
Slide 6: Operating Result: Draught in Paraná
Operating Result Draught in Paraná Anomaly rainfall in Paraná (mm) November / 2020 Anomaly rainfall in Paraná (mm) December / 2020 The southern region of Brazil has been experiencing water scarcity since 2019. December was a heterogeneous month, with a surplus of rainfall in the southwestern por
Slide 7: Operating Result: Rainfall precipitation (mm)
Operating Result Rainfall precipitation (mm) Curitiba 195 185 157 151 150 152 129 129 129 127 126 117 109 103 96 85 82 82 79 37 26 20 16 12 jan/20 fev/20 mar/20 abr/20 mai/20 jun/20 jul/20 ago/20 set/20 out/20 nov/20 dez/20 Acumulado Mensal Accumulated (Monthly) Média MonthlyMensal Average M aterial
Slide 8: Operating Result: Reservoir Levels
Operating Result Reservoir Levels Volumes in Dec / 2020 (avg: 40.95%) Iraí 29% Passaúna 47% Piraquara I 37% Piraquara II 66% jan/20 fev/20 mar/20 abr/20 mai/20 jun/20 jul/20 ago/20 set/20 out/20 nov/20 dez/20 Iraí Passaúna Piraquara I Piraquara II M aterial Informativo Confidencial – 1/75 0788
Slide 9: Performance Indicators
Performance Indicators COVENANTS 2018 2019 2020 , Debentures: 8th, 9th, 10th issues & CCB Net Bank Debt / Adjusted EBITDA 3.0 1.46 1.33 1.39 Net Financial Expense Coverage Index 1.5 8.14 11.73 9.72 BNDES / Debentures: 2nd, 4th & 7th issues Net Bank Debt / EBITDA 3.0 1.49 1.42 1.44 Service Coverage D
Slide 10: Performance Indicators
Performance Indicators COVENANTS / RATIOS 2018 2019 2020 , KfW Contracts Debt Service Coverage Ratio / EBITDA 1.5 2.12 2.63 3.41 Net Bank Debt / EBITDA 3.0 1.49 1.42 1.44 Other Onerous Debts / EBITDA 1.0 0.57 0.63 0.61 Debt Level 0.60 47.0% 48.3% 47.4% RATIOS EBITDA Margin 39.5% 41.8% 40.3% ROIC 12.
Slide 11: Financial Performance
Financial Performance Net Revenue EBITDA & EBITDA Margin (in BRL MM) (in R$ mm and %, respectiv ely ) Var. Var. + 1.6% Var. Var. + 13.5% - 2.0% + 20.1% 4,723 4,800 1,972 1,932 4,162 1,642 39.5% 41.8% 40.3% 2018 2019 2020 2018 2019 2020 Net Profit & Net Margin Operating Costs and Expenses (EBITDA Imp
Slide 12: Financial Performance
Financial Performance Cash Generation and EBITDA Conversion Net Debt and Leverage (in R$ mm and %, respectiv ely ) (in R$ mm and ratio betw een Net Debt and EBITDA, respectiv ely ) Covenant ≤ 3.0X Var. Var. + 9.2% + 7.2 % 1.4X 1.4X 1,596 3,126 3,648 874 1,461 1,362 2,806 2,774 82.9% 74.1% 82.6% 522
Slide 13: Income Statement
Income Statement Quarterly Results 4Q18 4Q19 Var % 4Q20 Var % NET REVENUE 1,097,950 1,339,618 22.0 1,236,789 (7.7) Personnel 268,450 290,716 8.3 258,824 (11.0) PPR 39,919 213 (99.5) 31,877 14,865.7 Material 40,604 61,193 50.7 58,913 (3.7) Electricity 121,123 124,200 2.5 106,913 (13.9) Third Party Se
Slide 14: Income Statement
Income Statement Accumulated Results 2018 2019 Var % 2020 Var % NET REVENUE 4,162,205 4,722,826 13.5 4,799,655 1.6 Personnel 1,037,465 1,094,751 5.5 1,212,196 10.7 PPR 134,246 76,627 (42.9) 74,422 (2.9) Material 151,996 204,043 34.2 216,870 6.3 Electricity 425,536 474,455 11.5 449,262 (5.3) Third Pa
Slide 15: Non-recurring effect
Non-recurring effect Non-recurring Items 4Q19 4Q20 2019 2020 Net Profit 386,320 291,352 1,080,036 996,343 Incentive Retirement Program - 4,966 - 132,760 IBAMA Installments - 18,951 - 18,951 Impairment: CS Bioenergia 17,346 (660) 17,346 (660) AVP over Contractual Financial Assets - - - 11,057 Indemni
Slide 16: Adjusted EBITDA
Adjusted EBITDA Adjusted EBITDA with non-manageable items (in BRL millions) 2020 EBITDA 1,932.4 (+) Non-manageable items 45.6 Electricity (8.9) Treatment Material 40.9 Fees and Charges 13.6 (=) Adjusted EBITDA with non-manageable items 1,978.0 EBITDA Margin (non-manageable items adjustment) 41.2% M
Slide 17: Balance Sheet
Balance Sheet 2018 2019 Var % 2020 Var % Net Debt (2,628,372) (3,035,713) 15.5 (2,979,501) (1.9) Cash and Cash Equivalent 35,003 16,878 (51.8) 5,127 (69.6) Financial Investments 291,621 257,181 (11.8) 869,196 238.0 Loans, Financing and Debentures (2,771,318) (3,080,431) 11.2 (3,647,588) 18.4 Dividen
Slide 18: Cash Flow
Cash Flow 2018 2019 Var % 2020 Var % Operating Activities 1,362,006 1,460,551 7.2 1,595,544 9.2 Net Profit of the Adjusted Fiscal Year 1,435,408 1,797,158 25.2 1,711,644 (4.8) Decrease (Increse) of Assets (75,403) (273,492) 262.7 (85,397) (68.8) Increase (Decreae) os Liabilities 2,001 (63,115) (3,25
Slide 19: Financial and Investor Relations Office
Diretoria Financeira e de Relações com Investidores – DFRI Financial and Investor Relations Office M aterial Informativo Confidencial – 1/75 19 19