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 — Q2 2023 Earnings Presentation
10 slides from Companhia De Saneamento Basico Do Estado De Sao Paulo Sabesp's earnings presentation, Aug 11, 2023
Slide 1: Conference 2Q23
Conference 2Q23 Economic-Financial and Investor Relations Office August 11
Slide 2: Disclaimer
This presentation may contain forward-looking statements referring to Sabesp’s business outlook, operating and financial results estimates, and growth prospects. These are only forecasts, and as such, they are exclusively based on Sabesp’s management expectation regarding the future of the business
Slide 3: Quarter Highlights
QUARTER HIGHLIGHTS EBITDA Margin* IPD - Incentivized Dismissal Program: New Director - Clients: Target audience of retired and retiring employees on Customers as a company strategy 45,4% One more stage of Sabesp's restructuring focused on agility, efficiency and 45,0% integration Deliquency Reductio
Slide 4: Operational Performance
OPERATIONAL PERFORMANCE Water Volume Billed per Category (million m3) New connections ('000) 466 477 55 48 48 2.2% 44 Total Water Volume Billed 47 48 9 9 12 12 12 12 Water Sewage Residential Commercial Industrial Public Wholesale 2Q22 2Q23 2Q22 2Q23 Sewage Volume Billed per Category (million m3) 407
Slide 5: Financial Highlights (R$ million)
FINANCIAL HIGHLIGHTS (R$ million) (*) Revenue = Revenue from sanitation services excluding taxes (**) EBITDA = Adjusted EBITDA = income before other operating income (expenses), net; financial result; income tax and social contribution; and depreciation and amortization expenses, excluding Incentivi
Slide 6: Financial Performance (R$ million)
FINANCIAL PERFORMANCE (R$ million) +631 Margin 2Q22 2Q23 Var. Net Income 2Q22 422 Revenue* 4,111 4,891 781 Construction Results 25 28 3 Costs and Expenses (excluding IDP) -3,230 -3,380 -150 IDP 0 -530 -530 Other operating income** 8 61 52 Financial Results -324 -14 310 Income tax and social contribu
Slide 7: Costs and Expenses (R$ million)
COSTS AND EXPENSES (R$ million) Allowance for doubtful accounts (% Revenue from sanitation services) 1H22 4.9% 1H23 5.7% 2Q22**: R$ 3,230.1 3.8% 4.6% 4.4% 4.1% 4.2% 2Q23**: R$ 3,379.8 3.3% +73.6% 2.7% 1,347 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 530 IDP +7.3% +12.2% 643 671 599 +10.9% 598 +5.4% +2.8% 376 387
Slide 8: CAPEX
CAPEX INVESTMENTS IN 2Q23 INTEGRA TIETÊ CANTAREIRA PCJ R$ 1,294 million NORTH COAST CASH DISBURSED IN 2Q23 UNIVERSALIZATION R$ 945 million TARGET CAPEX (R$ million) Constant Value - December 2022 Water supply Sewage collection Sewage treatment 5,557 5,435 5,253 5,018 4,951 1,084 1,183 644 714 1,217
Slide 9: Loans and Financing
LOANS AND FINANCING NET DEBT vs. ADJUSTED ADJUSTED EBITDA* vs. EBITDA* FINANCIAL EXPENSES** 5.9 3.50 3.50 3.50 3.50 3.50 4.8 4.7 4.3 4.1 2.3 2.2 2.2 2.1 2.2 2.80 2.80 2.80 2.80 2.80 2Q22 3Q22 4Q22 1Q23 2Q23 2Q22 3Q22 4Q22 1Q23 2Q23 Sabesp's Indicator Covenant (equal or lower) Sabesp's Indicator Cove
Slide 10: Investor Relations
Investor Relations Phone. +55 (11) 3388-8793 / 9267 www.ri.sabesp.com.br E-mail: sabesp.ri@sabesp.com.br