Companhia De Saneamento Basico Do Estado De Sao Paulo Sabesp · BMFBOVESPA:SBSP3
Companhia De Saneamento Basico Do Estado De Sao Paulo Sabesp — FY2017 Earnings Presentation
16 slides from Companhia De Saneamento Basico Do Estado De Sao Paulo Sabesp's earnings presentation, Apr 6, 2018
Slide 1: R$ million
RS million Not operating revenue Costs, adm. & selling expenses ‘ond constuction cost Adjusted EBITDA ‘Adjusted EOIT 191) 0) 42017 92016
Slide 2: Adjusted EBITDA Reconciliation (Non-accounting measures)
Adjusted EBITDA Reconciliation (Non-accounting measures)
Slide 3: 2017 net operating revenue and gross operating revenue
In 2017, net operating revenue, which considers construction revenue, totaled R$ 14,608.2 million, an increase of 3.6% over the same period of the previous year. Costs and expenses, which consider construction costs, totaled R$ 10,646.6 million, a decrease of 0.3% when compared to the previous year.
Slide 4: (1) Unaudited
(1) Unaudited (3) Reused water volume and non-domestic sewage are included in
Slide 5: Costs, administrative & selling expenses and construction costs
(1) Unaudited (2) Including coastal and interior region (3) Reused water volume and non-domestic sewage are included in 5. Costs, administrative & selling expenses and construction costs Costs, administrative & selling expenses and construction costs declined by R$ 31.4million in 2017 (0.3%). Exclud
Slide 6: 5.1. Salaries and payroll charges and Pension plan obligations
5.1. Salaries and payroll charges and Pension plan obligations There was an increase of R$ 433.1 million or 19.9% in 2017, mainly due to the following factors: · Reduction of R$ 307.4 million in non-recurring expenses in 2016 due to the migration of 3,572 participants from the Defined Benefit Plan (
Slide 7: 7.1.1. Financial expenses
7.1.1. Financial expenses Decrease of R$ 53.6 million, mainly due to the following events: · A decrease of R$ 27.7 million in interest and charges on domestic loans and financing, mainly as a result of the lower CDI rate in 2017, when compared to the previous year (9.9% and 14.0%, respectively); · A
Slide 8: Monetary and exchange rate variation (R$ million)
R$ million 20172016 Ch % Monetary variation on loans and financing (62.8) (121.0) 58.2. (48.1) Currency exchange variation on loans and financing (96.4) 1,090.2 (1,186.6) (108.8) Other monetary variations (49.6) (89.5) 39.9 (44.6) Monetary/exchange rate variation on liabilities (208.8) 879.7 (1,088.
Slide 9: Connections, population and volume footnotes
(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. Not including wholesale (3) In millions of cubic meters (*) Unaudited
Slide 10: 10. Loans and financing
(1) Year-to-date in % (2) Last day average (3) R$/ sell rate previous day price (*) Unaudited 10. Loans and financing In February 2018, the Company carried out its 22nd debenture issue, totaling R$ 750.0 million, in three series. The first series totals R$ 100.0 million, due in February 2021, yieldi
Slide 11: 11. Capex
11. Capex 2017 investments, totaling R$ 3.4 billion, including R$ 866 million related to the São Lourenço PPP, still reflected the priority given to the water supply infrastructure.
Slide 12: Brazilian Corporate Law income statement
Brazilian Corporate Law Net Operating Income Operating Costs Gross Profit Operating Expenses Selling Administrative revenue (expenses) Other operating revenue (expenses), net Operating Income Before Shareholdings Equity Result Earnings Before Financial Results, net Financial, net Exchange gain (loss
Slide 13: Balance Sheet
Brazilian Corpo Balance Sheet ASSETS Current assets Cash and cash equivalents Trade receivables Related parties and transactions Inventories Resticted cash ‘Current recoverable taxes Oner receivables Total current assets Noneurrent assots Trade receivables Related parties and transactions Escrow dep
Slide 14: Liabilities and Equity
ABILITIES AND EQUITY ‘Current liabilities Trade payables Borrowings and francing Accrued payroll and related charges ‘Taxes and contributions Dividends and intereston capital payable Provisions ‘Services payable Public-Private Partnership ~ PPP Program Contract Commitments Onerliabilties Total curre
Slide 15: Cash Flow
Cash Flow ‘Cash flow from operating activities Profit before income tax and social contribution ‘Adjustment for: Depreciation and amortization Residual value of property, plant and equipment and intangible assets written-off ‘Allowance for doubtful accounts Provision and inflation adjustment Pension
Slide 16: 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: April 4, 2018 Companhia de Saneamento Básico do Estado de São Paulo
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