3Q24 Results
Energy for a more sustainable future
Initial Guidelines
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For the English version of the presentation, please access: www.cpfl.com.br/ir
Q&A Session
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Highlights
Business & ESG Results
Load1 in the
Concession area
Increase of
+2.4% in 3Q24
+4.9% in 9M24
Institutional
Investor Research
We received the "Most Honored" title for the accumulated high performance. We also won 1st place³ for utilities companies as the best: CEO, IR Professional, IR Team and IR Program
EBITDA
R$ 3,155 MM
+0.7% in 3Q24
R$ 9,858 MM
+1.4% in 9M24
2024 Abradee
Award
4 Best in ESG
3 Best in Southeast
2 Best in National:
CPFL Santa Cruz
CPFL Paulista
Best in South Region:
RGE
Best Customer Evaluation:
CPFL Santa Cruz
Net Income
R$ 1,332 MM
+1.5% in 3Q24
R$ 4,187 MM
-0.5% in 9M24
Awards
Valor 1,000 and
Época Negócios
360º
CPFL Energia took
the 1st place in Power Sector
for the 2nd
consecutive year
Net Debt
R$ 26.6 billion
with a leverage of
2.04x Net
Debt/EBITDA2
Diversity on
the BoD
Election of Mrs.
Wang Kedi as
a Board of Directors
Member
CAPEX
R$ 1,454 MM
+17.8% in 3Q24
R$ 3,901 MM
+10.9% in 9M24
Green
Hydrogen
Partnership for
Pilot Project in Rio Grande do Norte
1) Load net of losses; 2) In the financial covenants criteria; 3) Sell-side analysts.
Distribution Energy Sales | 3Q24
Energy sales by consumption segment | GWh
+4.1%
258 | 117 | 76 | 31 | |||
207 | ||||||
16,753 | 16.753 | 16.960 | 17.218 | 17.335 | 17.442 | 17,442 |
+4.0% | +4.0% | +4.3% | +12.4% | +1.8% | ||
3Q23 | Resid . | Indust . Commerc . | Rural | Others | 3Q24 |
Main impacts by segment | %
Breakdown | 30.7% | 38.8% | 16.1% | 3.9% | 10.4% | |
Totall | ||||||
Resid. | Indust. | Commer. | Rural | Others | ||
Billing calendar | -0.7% | -0.2% | -0.5% | -0.8% | -0.3% | -0.4% |
Temperature | 2.1% | - | 1.0% | - | 0.1% | 0.8% |
Migrations | - | - | - | - | -1.8% | -0.1% |
DG | -2.3% | -0.1% | -2.8% | -2.5% -0.9% | -1.4% | |
Macro/Others | 4.9% | 4.3% | 6.6% | 15.7% | 4.7% | 5.2% |
Growth | 4.0% | 4.0% | 4.3% | 12.4% | +1.8% | 4.1% |
Key industry sectors | %
7.9% 7.4%
6.0%
5.1%
2.4%
-0.8% | |||
Food | Chemicals Rubber | Vehicles Metalurgy Metal | |
(18.8%¹) | (11.3%¹) & Plastic | (7.8%¹) | (6.3%¹) (5.7%¹) |
(10.9%¹) |
Average temperature² | °C
+0.6ºC | ||||||||||||
21.5 | -1.3ºC | |||||||||||
Highlight for | 20.9 | 20.3ºC | 16.5 | 15.5ºC | ||||||||
the industry | 15.2 | |||||||||||
resumption | ||||||||||||
São Paulo | Rio Grande do Sul | |||||||||||
São Paulo | Rio Grando do Sul | |||||||||||
3Q23 | 3Q24 | LTA³ | ||||||||||
- Market Share by segment; 2) The consolidated average temperature considers daily historical temperature data in the period; 3) Long Term Average referring to last 21 years.
Distribution Energy Sales | 9M24
Energy sales by consumption segment | GWh
+5.2%
497 | 742 | 88 | (75) | |||
1,428 | ||||||
53.087 | 53.584 | 54.414 | 54.339 | 54,339 | ||
51,659 | 51.659 | |||||
+8.9% | +2.6% | +8.6% | +4.2% | -1.3% | ||
9 M 2 3 | Re s i d . | I n d u s t . C o m m e r c . Ru ra l | O t h e r s | 9 M 2 4 |
Key industry sectors | %
5.8%
3.4% | 3.3% |
1.1%1.4%
-1.8% | |||
Food | Chemicals Rubber | Vehicles Metalurgy Metal | |
(19.6%¹) | (11.4%¹) & Plastic | (7.7%¹) | (6.1%¹) (5.5%¹) |
(10.7%¹) |
Main impacts by segment | %
Breakdown | 32.0% | 36.3% | 17.3% | 4.0% | 10.4% | |
Totall | ||||||
Resid. | Indust. | Commer. | Rural | Others | ||
Billing calendar | 0.3% | - | 0.5% | 0.4% | 0.4% | 0.3% |
Temperature | 4.5% | - | 5.0% | - | 0.8% | 2.3% |
Migrations | - | - | - | - | -1.5% | -0.2% |
DG | -2.8% | -0.3% | -3.7% -4.1% -1.2% | -1.9% | ||
Macro/Others | 6.9% | 2.9% | 6.8% | 7.9% | 0.2% | 4.7% |
Growth | 8.9% | 2.6% | 8.6% | 4.2% | -1.3% | 5.2% |
Average temperature² | °C
+1.5ºC | ||||||
Favored by the | 23.9 | 22.6ºC | -0.6ºC | |||
increase in | 22.4 | 20.3 | 19.7 | 19.4ºC | ||
temperature | ||||||
in São Paulo
São Paulo | Rio GrandeRio Grandedo Suldo Sul | ||
São Paulo | |||
9M23 | 9M24 | LTA³ | |
- Market Share by segment; 2) The consolidated average temperature considers daily historical temperature data in the period; 3) Long Term Average referring to last 21 years.
Distribution Delinquency
ADA | R$ million
+52.4%
-3.4%
110.9 100.2 96.8
80.5
ADA
ADA | R$ million |
+61.9% |
63.5
1.22% 1.18% 1.22%
% ADA / Revenue from
307.9 |
0.82% 0.91%
3Q23 4Q24 1Q24 2Q24 3Q24
Collection actions | Power cuts | Thousands
-7.1% | ||
632 | 592 | 587 |
Sales to Final
Consumers
3Q
190.2 | |
1.21% | |
0.82% | |
9M23 | 9M24 |
492 | 528 | |||
211 | 164 | 176 | 197 | 196 |
3Q23 | 4Q23 | 1Q24 | 2Q24 | 3Q24 |
Monthly | 24 | 9M |
average | ||
power cuts |
24
Distribution Losses
Losses | Last 12 months¹;²
+0.29 p.p. | |||
8.64% | 8.93% | ||
7.96% | 7.93% | CPFL Energia | |
ANEEL Limit
3Q23 | 3Q24 | ||
Sep-23 | Sep-24 | Limit³ | |
CPFL Paulista | 9.10% | 9.12% | 8.00% |
CPFL Piratininga | 7.65% | 7.54% | 5.97% |
CPFL Santa Cruz | 7.62% | 7.19% | 8.50% |
RGE | 8.73% | 10.05% | 9.28% |
- Excluding the differences in the billing calendar, losses in 3Q24 would have a variation of +0.78 p.p. (8.35% in 3Q23 vs 9.13% in 3Q24); 2) According to the criteria defined by ANEEL, except for not considering distributed generation effects (DG). In RGE, high-voltage customers (A1) were disregarded; 3) ANEEL Limit referring to 09/30/2024.
Generation Performance
Hydro | 56% | ||||
Average PLD (SE/CW) | R$/MWh | 9M23 | ||||
+135.0% | R$ 70 | ||||
171 | 9M24 | ||||
73 | 78 | 61 | 63 | R$ 98 | |
3Q23 | 4Q23 | 1Q24 | 2Q24 | 3Q24 | +39.9% |
GSF | 9M23 | |||
86% | 91% | 97% | 92% | |
81% | ||||
80% | 9M24 | |||
90% | ||||
-1.9% | ||||
3Q23 4Q23 | 1Q24 2Q24 3Q24 |
Wind | 32% | ||||||||||||||||
Wind Farms | Generation | GWh | Wind Farms | Availability | ||||||||||||||||
-3.7% | +19.5% | 9M23 | 9M23 | ||||||||||||||
1,688 | 96.3% | ||||||||||||||||
95.7% | |||||||||||||||||
1,412 | |||||||||||||||||
2,843 | 5Y AVG | 95.6% | |||||||||||||||
95.9% | 95.7% | 94.9% | |||||||||||||||
94.4% | |||||||||||||||||
9M24 | 9M24 | ||||||||||||||||
1,246 | 1,211 | 635 | 664 | 1,200 | |||||||||||||
2,499 | 95.0% | ||||||||||||||||
3Q23 | 4Q23 | 1Q24 | 2Q24 | 3Q24 | 3Q23* | 3Q24* | |||||||||||
3Q23 | 4Q23 | 1Q24 | 2Q24 | 3Q24 | |||||||||||||
-12.1% | -0.6% | ||||||||||||||||
*Without ONS Restriction |
Uso Público CPFL
3Q24 Results
EBITDA performance by segment | R$ million
+0.7% | + 21 MM | |||||||||||||||
(61) | 7 | 112 | (37) | ||||||||||||
3,155 | |||||||||||||||
3,134 | |||||||||||||||
-3.5% | +0.6 % | +42.6% | -61.4% | ||||||||||||
3Q23 | Distribution | Generation | Transmission | Comm, Services | 3Q24 | ||||||||||
& Others |
Distribution: R$ 1,652 MM
Generation: R$ 1,107 MM
Transmission: R$ 373 MM
Comm, Services & Others: R$ 23 MM
3Q24 Results
EBITDA performance by segment | R$ million
+0.7% | +21 MM
(61) | 7 | 112 | (37) | |||
3,134 | 3,155 | ||||
-3.5% | +0.6 % | +42.6% | -61.4% | ||
3Q23 | Distribution | Generation | Transmission | Comm, | 3Q24 |
Services & | |||||
Others |
Distribution: R$ 1,652 MM
EBITDA: -R$ 61 MM
77 MM Concession financial asset
3 MM Climate Events in RS state
88 MM Market/Tariff
33 MM ADA
10 MM PMSO + Private Pension Plan
9 MM Others
IPCA
3Q23 3Q24
0.27% 0.57%