Axia Energia Sa · BMFBOVESPA:AXIA3
Axia Energia Sa — Brazilian Electric Power — Q2 2014 Earnings Presentation
17 slides from Axia Energia Sa's earnings presentation, Aug 27, 2014
Slide 1: Conference Call – Financial Statements 2Q 2014
Conference Call Financial Statements 2Q 2014
Slide 2: Forward-looking statements
This presentation may contain forward-looking statements, Such statements are not statements of historical facts but reflect the beliefs and expectations of our management and may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and S
Slide 3: Consolidated income statement
1S14 1S13 2T14 1T14 2T13 13,875 11,805 Net Operating Income 6,867 7,008 5,998 -3,835 -3,794 (-) Personnel, Material and Services -2,108 -1,727 -1,995 -3,685 -2,968 (-) Energy purchased for resale -2,010 -1,675 -1,480 -768 -853 (-) Usage of the electric grid -401 -367 -413 -1,143 -1,342 (-) Construct
Slide 4: In 2Q14
In 2Q14 Positive: • Short term electricity market in the amount of R$ 1,020 million; • Reversal of provisions of onerous contracts in the amount of R$ 568 million; • Right to Reimbursement related to the ACR Acount in the amount of R$ 100 million; Negative: • Provisions for Financial Asset Loss in t
Slide 5: Consolidated revenue by segment
1S14 1S13 CONSOLIDATED 2Q14 1Q14 2Q13 Variation 2Q14x1Q14 a)Generation 5,558 4,724 Energy Sold 3,024 2,535 2,450 19.3% 1,666 1,666 Supply 1,038 -22.7% 2,718 1,489 CCEE 1,020 1,697 -39.9% Maintenance and Operation Revenue -2.8% Construction Revenue 60.2% -230 Generation Return Rate -145 226.2% - b) T
Slide 6: EBITDA
EBITDA 1S14 1S13 % Results of the Period 562% + Provision Income tax na Social Contribution -87 -651% + Financial Result -708 -101% + Depreciation and Amortization 09% = EBITDA 2,152 4.,117%
Slide 7: Onerous Contracts
Onerous Contracts Consolidated Balance Amounts due 2014 2Q14 1Q14 Transmission Contract 061/2001 - -384 - Contract 062/2001 1,407 - Others - - -15 - 1,160 1,491 -255 - Generation Itaparica 1,019 Jirau 1,608 Camaçari - -06 Termonorte II - - - - Funil - - Complexo Paulo Afonso - - - - Coaracy Nunes -
Slide 8: New Investments in Improvements and Upgrading – R$ million
Slide 9: Results by company – generation and transmission
Company Net Operating Revenue Result of Service Profit/Loss for the Period EBITDA EBITDA Margin (%) 1S14 1S13 1S14 1S13 1S14 1S13 1S14 1S13 1S14 1S13 Furnas 2,940 2,072 1,023 34.8% 14.6% Chesf 1,730 2,186 (51) (679) (265) (39) (596) (2.3%) (27.3%) Eletronorte 3,186 2,274 1,606 1,273 1,543 1,888 1,51
Slide 10: Results by company – distribution
Company Net Operating Revenue Results of Service Profit/Loss for the Period EBITDA EBITDA Margin (%) 1S14 1S13 1S14 1S13 1S14 1S13 1S14 1S13 1S14 1S13 Amazonas Energia 1,643 1,271 (89) (132) (624) (336) (37) (57) (3.7%) (4.5%) Distribuição Alagoas (114) (131) (151) (142) (98) (117) (30.1%) (2.6%) Di
Slide 11: Parent Company's Result – R$ million
arent Company's Result— R$ million 1si4 oo 881 0 456 sd : « $13 632 831 [=] 230 = 198 —* Shareholdings Ttaipu ‘Net Financial Net Monetary Net Currency Shareholders Others Taxes ‘Net Income Transfer Revenue Variation Variation _resources Financial Result
Slide 12: Consolidated Equity Structure
Consolidated Equity Structure Total Consolidated Assets R$ 141.8 billion 7 Assets Liabilities Investment/Fixed Asset [fj stockholders’ Equity Financial Asset - Concessions eS Provision Contingencies Others {fil} others Reimbursement Right |[flJ Reimbursement Obligation Securities [Jj RGR SS Receivab
Slide 13: Capital Structure
Capital Structu Common Shares 80.4% I Federal Government 1 BNDESpar BNDES Government Funds 1 Minorities a
Slide 14: Total: R$ 32.8 billion
Total: R$ 32.8 billion
Slide 15: Parent Company's Financing
Parent Company's Financing _ Total: R$ 20.6 billion - -_ Financial Institution 5
Slide 16: Parent Company Financing – R$ billion
arent Company Financing- R$ billion Receivable R$ 28.3 R§ 20.6 Own Resources 22.2 Average Rate 6.4% Uses = ae Real US Dollar Others @receivable _@payable
Slide 17: Signature
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. Date: August 26, 2014 CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS By: / S / Armando Casado de Arauj
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