Slide 1: Earnings Results Presentation 3Q20
Earnings Results Presentation 3Q20
Slide 2: Quarter highlights
Quarter highlights Turnaround plan continues to generate positive and consistent results, and the operation records excellent service quality indicators Improvement in customer relationship processes and new Consolidated EBITDA of R$587 mln, an increase of legal practices led to a reduction of R$129
Slide 3: Grid load and Billed market
Grid load and Billed market Grid load Billed market Billed market by segment GWh GWh GWh Δ: -3.2 % Δ: +0.9 % Δ: -4.0 % Δ: -3.0% 6,205 6,018 8.285 8.023 8.099 6.464 6.205 6.018 642 450 947 875 1.166 1.258 1.751 1.575 1.700 1.861 3Q19 3Q20 3Q18 3Q19 3Q20 3Q18 3Q19 3Q20 Residential Commercial Industria
Slide 4: Combating losses – Total Losses (12 months)
Combating losses – Total Losses (12 months) New commercial strategy Covid-19 Pandemic 26,72% 26,76% 26,60% 26,82% 12.000 27,00% 25,86% 25,97% 26,09% 26,06% 25,51% 11.000 24,49% 25,76% 25,93% 26,04% 25,99% 25,00% 23,95% 25,44% 25,29% 23,15% 10,102 10,050 9,945 10.000 23,00% 9,706 9,532 9,499 9,357 9,
Slide 5: Combating losses – Possible Area
Combating losses – Possible Area Total Losses in Possible Area Total Losses / Grid load in Possible Area GWh, 12 months 12 months Reduction of Reduction of 5.408 5.303 1,248 2.3 p.p. GWh in 1 year 16,8% in 1 year 16,6% 4.729 4.218 4.160 15,3% 14,5% 14,5% 3Q19 4Q19 1Q20 2Q20 3Q20 3Q19 4Q19 1Q20 2Q20
Slide 6: Combating losses – Non-technical losses (GWh, 12 months)
Combating losses – Non-technical losses (GWh, 12 months) 9.800 55,30% 55,36% 54,99% 54,37% 52,96% 52,92% 52,68% 55,00% 7.084 7.085 52,92% 6.682 52,00% 6.608 6.351 8.800 51,86% 52,05% 50,00% 46,90% 51,25% 51,54% 3.177 3.087 2.210 50,25% 2.595 2.201 49,53% 45,18% (33%) (45%) (44%) (39%) (35%) 42,62% 4
Slide 7: Evolution of the quarterly IEN: focus on energy incorporation
Evolution of the quarterly IEN: focus on energy incorporation Quarterly IEN and REN 600 New commercial strategy 1200 500 REN increase consistent with the 868 higher number of inspections 400 705 800 553 300 363 186 3Q20 IEN is 2.4 times higher than 200 312 290 400 235 142 269 127 121 89 106 209 in 3
Slide 8: Operational quality continued to record good results
Operational quality continued to record good results 19 17 DEC 12 months (hours) 15 13 11 9,07 8,99 8,88 8,73 8,54 8,39 8,23 8,14 8,14 8,14 9 3.6% reduction in relation to Jun ‘20, 7 again a historical record for the 5 3 Company 1 18,54 12,35 12,59 11,44 9,07 7,76 7,77 6,42 6,42 6,19 -1 2013 2014 20
Slide 9: Consolidated EBITDA of R$587 mln, due to the DisCo and GenCo’s better results
Consolidated EBITDA of R$587 mln, due to the DisCo and GenCo’s better results Amounts in R$ mln + R$296 mln -53 47 22 280 587 291 Adjusted EBITDA Net Revenue Non Manageable Manageable Provisions Adjusted EBITDA 1 3Q19 Expenses Expenses (PMSO) 3Q20 Estimated economic impact, exclusive of the pandemic
Slide 10: 3Q20 EBITDA growth driven by DisCo and GenCo’s results
3Q20 EBITDA growth driven by DisCo and GenCo’s results Amounts in R$ mln + R$296 mln -33 1 136 193 587 291 Adjusted EBITDA EBITDA Light SESA EBITDA Light EBITDA LightCom Others Adjusted EBITDA 2Q19 1 Energia 2Q20 Improvement of the DisCo’s EBITDA due to the positive impact of the energy supply and t
Slide 11: Improvement in customer relationship processes and new legal practices led to a reduction in contingencies
Improvement in customer relationship processes and new legal practices led to a reduction of R$129 mln in contingencies in 3Q20 Provisions – Legal contingencies (R$ mln) Number of JEC processes (thousand) 24,2 20,7 22,4 3Q20 3Q19 9M20 9M19 21,3 20,0 19,4 18,8 JEC (24) (51) (79) (247) 16,3 13,3 12,7
Slide 12: Increase in net income reflecting better operating results
Increase in net income reflecting better operating results, even with lower financial results Amounts in R$ mln + R$147 mln -91 -74 296 5 11 136 -11 3Q19 Result Adjusted EBITDA Financial Result Taxes Depreciation Equity Income 3Q20 Result Financial result impacted by the GSF liability inflation adju
Slide 13: Despite the good results of the turnaround, the pandemic continues to impact the DisCo
Despite the good results of the turnaround, the effects of the pandemic continue to have a negative impact on the DisCo Amounts in R$ mln Turnaround results on DisCo (9M20 vs. 9M19) Pandemic impacts estimated +135 -116 Results Impacts +R$212 +62 -148 -R$264 mln +15 mln Reduction of losses PMS Reduct
Slide 14: Robust cash position to meet debt maturities
Robust cash position to meet debt maturities Amortization of Consolidated Debt (R$ mln) Debt (R$ mln) and Net Debt/EBITDA (x) Average maturity: 18.000 3.75 3.75 3.75 3.75 3.75 4,00 2.969 3.070 2.6 years 16.000 3,50 3,00 2,98 3,06 3,07 14.000 3,00 2.354 2,40 12.000 2,50 1.941 10.000 8.593 8.428 8.255
Slide 15: Final takeaways
Final takeaways Management committed to generating results for Light Engaged and committed to the progress of the turnaround Due to the challenges of our concession, we are in frequent constructive dialogue with the Regulator and the Granting Authority We will make Light the best energy company in B
Slide 16: Important Notice
Important Notice This presentation may include declarations that represent forward-looking statements according to Brazilian regulations and international movable values. These declarations are based on certain assumptions and analyses made by the Company in accordance with its experience. the econo
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