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 — Q4 2023 Earnings Presentation
18 slides from Companhia De Saneamento Basico Do Estado De Sao Paulo Sabesp's earnings presentation, Mar 22, 2024
Slide 1: Conference 4Q23
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Slide 2: Disclaimer
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 th
Slide 3: Strategic Objectives
STRATEGIC OBJECTIVES STRATEGY Process efficiency Maximization of INTERNAL the economic- PROCESSES financial result DIMENSION Competitiveness SUSTAINABILITY MARKET AND DIMENSION DIMENSION CLIENTS Universalization INNOVATION Reference in of sanitation AND STAFF services DIMENSION Modern and innovative
Slide 4: New Management: Achievements 2023
NEW MANAGEMENT Achievements 2023 ✓ Corporate ✓ Commercial ✓ Internal ✓ Capex Capacity ✓ 22 BU’s para 18 ✓ PIX Collection ✓ Aprroach with Reorganization Programs Transformation expansion OU’s ✓ R$1.5 bi Financed Regulator ✓ ESG + Digital Transf. ✓ Colection rules ✓ Occupational Safety ✓ Integra Tietê
Slide 5: Capex
CAPEX CAPEX 2023* INVESTED in WATER INVESTED em SEWAGE R$ 2.7 bilion R$ 3.6 billion R$ 6.3 billion Capex bid from CAPEX TOTAL ACUMULADO – 2020 A 2023 CASH DISBURSED 2023 dec/23 to feb/24 R$ 4.0 billion R$ 21.0 billion R$ 11,8 bilhões CAPEX PLAN 2024-2028 Capex Universalization Predicted financial va
Slide 6: Performance Improvement
PERFORMANCE IMPROVEMENT Revenue +Efficiency Costs and expenses Headcount Decrease 12,299 10,437 (1,862) Extraordinary Tariff Review 2023 Personnel Incentivized Dismissal Program 2022 Voluntary IDP Pro-forma Volume recovery Resignation 2 “feirões” Plan Delinquency Collection rules Better mix Inadimpl
Slide 7: Energy Management
ENERGY MANAGEMENT 2023 2027+ 305 MWm ACL Self-production (Free Market) 62% 198 MWm (Tender Offer) Average and 65% High Power 284 MWm 93% Biogas 11% Regulated (Under review) Market Average costs 86 MWm > R$ 700/MWh 28% ACL 20% (Free Market) Regulated Regulated Market Average costs Low Power Market 2,
Slide 8: Privatization Sabesp
PRIVATIZATION SABESP TODAY Apr/23 Aug/23 Sep/23 Dec/23 Jan/24 Feb/24 Mar/24 Apr/24 May/24 Jun/24 Jul/24 IFC Next steps Hiring State Decree Regulatory Corporate 67,880/2023 (URAE) Public Consultation 1) End of Public Consultation 1) Creditor’s Waiver Notiffication Municipalities Privatization 2) Extr
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue* EBITDA and EBITDA Margin** Net Income** +16.1% 19,968 +35.9% 9,634 17,192 +29.9% 48.2% 4,053 7,088 3,121 41.2% +21.9% +72.3% +84.7% 4,462 5,438 2,965 1,186 1,720 642 54.5% 38.6% 2022 2023 2022 2023 2022 2023 4Q 12M 4Q 12M 4Q 12M KPI’s Revenue from sanitation services pe
Slide 10: Operational Performance - Water
OPERATIONAL PERFORMANCE - WATER Water Volume Billed per Segment – 4Q (million m³) 472 492 4.3% Total Water Volume billed – 4Q 46 48 9 9 11 13 12 12 Residential Commercial Industrial Public Wholesale 4Q22 4Q23 Water Volume Billed per Segment – 12M (million m³) 2.7% 1,870 1,918 Total Water Volume bill
Slide 11: Operational Performance - Sewage
OPERATIONAL PERFORMANCE - SEWAGE Sewage Volume Billed per Category – 4Q (million m³) 413 433 4.9% Total Sewage Volume Billed – 4Q 44 46 10 10 10 11 6 6 Residential Commercial Industrial Public Wholesale 4T22 4T23 Sewage Volume Billed per Category – 12M (million m³) 1,631 1,684 3.3% Total Sewage Volu
Slide 12: Financial Performance - 4Q
FINANCIAL PERFORMANCE (R$ million) – 4Q 4Q22 4Q23 R$ Net Income 4Q22 642 Revenue* 4,462 5,438 976 Construction Results 33 41 8 Costs and Expenses -3,431 -3,271 160 Other Operating Income** 13 -36 -49 Financial Results -507 -886 -380 Income Tax and Social Contribution 72 -100 -172 Net Income 4Q23 1,1
Slide 13: Financial Performance - 12M
FINANCIAL PERFORMANCE (R$ million) – 12M 2022 2023 R$ Net Income 2022 3,121 Revenue* 17,192 19,968 2,776 Construction Results 109 126 16 Costs and Expenses (ex-IDP) -12,689 -13,278 -589 IDP 0 -530 -530 Other Operating Income** 33 56 24 Financial Results -372 -1,589 -1,216 Iincome Tax and Social Cont
Slide 14: Costs and Expenses - 4Q
COSTS AND EXPENSES (R$ million) – 4Q Allowance for Doubtful Accounts (% of Sanitation Services Revenue) 4.4% 4.2% 4Q22*: R$ 3,431 3.3% 2.8% 4.7% 4Q23*: R$ 3,271 2.0% 4Q22 1Q23 2Q23 3Q23 4Q23 -3.6% +15.3% 787 -10.6% 758 749 647 649 -13.2% 578 +3.5% 490 426 366 184 -46.2% 353 -11.0% 231 +0.6% Municipa
Slide 15: Costs and Expenses - 12M
COSTS AND EXPENSES (R$ million) – 12M Allowance for Doubtful Accounts (% of Sanitation Services Revenue) 4.2% 3.9% 2022*: R$ 12,689 8.8% 3.0% 2023*: R$ 13,808 2.9% +21.9% 2020 2021 2022 2023 3,651 +13.8% 530 +7.4% 2,996 IDP 2,790 2,571 2,451 2,393 +1.0% +7.2% 1,501 1,516 1,487 1,594 -16.5% -6.8% -3.
Slide 16: Indebtedness
INDEBTNESS NET DEBT / ADJUSTED EBITDA* ADJUSTED EBITDA* / FINANCIAL EXPENSES* 5.0 3.50 3.50 3.50 3.50 3.50 4.7 4.3 4.3 4.1 2.80 2.80 2.80 2.80 2.80 2.2 2.1 2.2 2.0 1.7 4Q22 1Q23 2Q23 3Q23 4Q23 4Q22 1Q23 2Q23 3Q23 4Q23 Sabesp's Rate Covenant (equal or lower) Sabesp's Indicator Covenant (equal or lowe
Slide 17: Investor Relations
INVESTOR RELATIONS Tel. +55 (11) 3388-8679 / 9267 E-mail: sabesp.ri@sabesp.com.br Site: ri.sabesp.com.br 17
Slide 18: 6\se@~ SPH.
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