15 slides from Transmissora Alianca De Energia Eletrica's earnings presentation, Aug 13, 2024
Slide 1: 2Q24 Earnings Release
2Q24 Earnings Release August 13, 2024
Slide 2: Disclaimer
Disclaimer The individual and consolidated financial statements were prepared in accordance with accounting practices adopted in Brazil, comprising the Brazilian Corporation Law, Statements, Guidance and Interpretations issued by Accounting Pronouncement Committee (“CPC”) and the standards of the Br
Slide 3: Mission, Vision, Values
Mission We connect Brazil with safe and reliable electric power. Vision To be the electric power transmission company of greatest Value to society. Values • We genuinely care for people. • We act with integrity building relationships of trust. • We seek excellence in everything we do. • We are TAESA
Slide 4: Sustainability
Sustainability Self-declared leaders who are black or belong to vulnerable CVM Resolution 193 2030 already achieved: ethnic groups* ✓ 100% transparency of the Compliance and Governance structure 50% ✓ 100% transparency on reporting channels Sustainability-Related ✓ 100% transparency of interactions
Slide 5: RAP Cycle 2024-2025
RAP Cycle 2024-2025 Expected completion of Pitiguari and Novatrans reinforcements in the 2024- Does not include Adjustment 2025 cycle Annual Permitted Revenues Portions relating to the (R$ MM – Taesa) reinforcement tariff review (RTP) which will be compensated in 5 years Growth 444.8 4,099.3 of oper
Slide 6: 2Q24 Highlights
2Q24 Highlights Improvement in operating costs, financial results and IR/CS positively affected regulatory net profit (+22.9% vs 2Q23) which reached R$ 294.0 MM in the quarter. Periodic Tariff Review: (i) redefinition of the reinforcement tariff level (mainly Novatrans) until Dec/2030 (~R$ 40 MM / y
Slide 7: Regulatory Results
Regulatory Results EBITDA 85.6% Net Revenues 83.3% (R$ MM – Taesa consolidated) (R$ MM – Taesa consolidated) -4.8% 84.3% EBITDA Margin 83.7% -7.5% 1,214.0 1,155.5 1,039.6 962.0 -7.2% -7.8% 624.5 579.7 526.3 485.2 2Q23* 2Q24 6M23* 6M24* 2Q23* 2Q24 6M23* 6M24* Operating Performance Net Income (in %) (
Slide 8: Regulatory Results
Regulatory Results Lower of Taxes motivated by the benefits of the Interest on Equity and the Net Income incorporation of (R$ MM – Taesa consolidated) subsidiaries +22.9% EBITDA (+54.8) (R$ MM – Taesa consolidated) 52.6 294.0 84.3% 83.7% 239.2 43.2 5.9 EBITDA Margin -7.8% (-41.2) 41.2 5.8 526.3 485.
Slide 9: Regulatory EBITDA
Regulatory EBITDA (R$ MM – Taesa consolidated) • -R$ 23.0 MM: Drop in RAP driven by the negative readjustment of the IGP-M in the 2023-2024 cycle -7.8% 526.3 (-41.2) • -R$ 19.2 MM: Increase in the Variable Portion due to the reversal of ATE's PV in 2Q23 (injunction) in the amount of R$ 23.0 15.1 MM
Slide 10: IFRS Net Income
IFRS Net Income (R$ MM) 2Q24 x 2Q23 Analysis +81.9% • R$ 122.0 MM: Increase in monetary restatement (+181.5) 403.1 revenues due to the higher macro, mainly the IGP-M index 221.6 • R$ 8.4 MM: Increase in construction margin due to larger investments, partially offset by the delay in Ananaí’s environm
Slide 11: Projects under Development
Projects under Development Installation license obtained for Ananaí for the section of LT Bateias – Curitiba Leste in June 2024 Construction Progress 2 Installation licenses obtained for Tangará referring to SE Açailândia, SE Dom Eliseu II and Ananaí RAP/CAPEX1: 166.2 / 1,750 Pitiguari RAP/CAPEX1: 2
Slide 12: Indebtedness
Indebtedness (R$ MM – Taesa with proportional consolidation) Net Outstanding Debt Debt Amortization Profile 4.0 3.9 3.8 3.7 3.7 3.7 Average cost of debt (real): 4.99% (pre-tax) 6,980 10,605 10,782 11,106 10,324 10,236 10,400 Average debt term: 4.7 years 1,517 2,087 1,142 1,288 Cash 946 Balance 515 1
Slide 13: Earnings Distribution Announcement
Earnings Distribution Announcement YTD Dividends and Interest on Equity - IoE R$ 986 MM distributed Board of Directors’ Meeting August 12, 2024 R$ 2.86 per Unit Board of Directors proposes the distribution of: R$ 223.3 millions Distribution Announcement Rationale (R$ MM) as interim dividends and Int
Slide 14: Q&A Session
Q&A Session
Slide 15: taesa’
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