4Q24/2024 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
Results
EBITDA
R$ 3,276 MM
+5.3% in 4Q24
R$ 13,134 MM
+2.4% in 2024
Business & ESG
Net Income
R$ 1,574 MM
+18.7% in 4Q24
R$ 5,762 MM
+4.1% in 2024
Generation
Segment
Commercial start-up
of SHPP Lucia
Cherobim in Paraná
with 28 MW of
installed capacity
Net Debt
R$ 27.0 billion
with a leverage of
2.07x Net
Debt/EBITDA¹
2030
ESG Plan
ESG Strategy Update adding +1 commitment of Climate
Resilience
CAPEX
R$ 1,894 MM
+21.7% in 4Q24
R$ 5,795 MM
+14.2% in 2024
Innovation ISO 56002
We are certificated
by international
innovation
management
standard ISO 56002
Dividends
Proposal of
dividend payment
in amount of
R$ 3,220 MM, R$ 2.79/share
Best in
Management
Award by FNQ²
Gold Trophy:
CPFL Santa Cruz and
CPFL Piratininga
Silver Trophy:
CPFL Paulista
1) In the financial covenants criteria; 2) FNQ: Fundação Nacional de Qualidade.
4Q24 Distribution Energy Sales
Key industry sectors | %
Energy sales by consumption segment | GWh
+1.4%
(103) | 281 | 0.0 | 37 | 34 | ||
18,309 | 18.488 | 18.488 | 18.525 | 18,559 | ||
-1.7% | +4.3% | 0.0% | +5.6% | +1.8% | ||
4 Q 2 3 | R e s i d . | I n d u s t . C o m m e r c . | R u r a l | O t h e r s | 4 Q 2 4 |
Main impacts by segment | %
Breakdown | 31.9% | 36.9% | 17.2% | 3.7% | 10.3% | |
Total | ||||||
Resid. | Indust. | Commer. | Rural | Others | ||
Billing calendar | -0.5% | 2.2% | -0.2% | 0.1% | 0.2% | 0.6% |
Temperature | -6.2% | 0.0% | -6.3% | 0.0% | -1.5% | -3.3% |
Migrations | 0.0% | 0.0% | 0.0% | 0.0% | -0.9% | -0.1% |
DG | -3.4% | -0.3% | -4.2% -4.3% | -1.5% | -2.3% | |
Macro/Others | 8.4% | 2.4% | 10.7% | 9.8% | 5.5% | 6.5% |
Total | -1.7% | 4.3% | 0.0% | 5.6% | 1.8% | 1.4% |
Highlight for the industry growth
7.6% | 7.4% | 6.7% |
1.7%
0.5%
-2.9%
Food | Chemicals Rubber | Vehicles Metalurgy | Textile | |
(18.9%¹) | (11.9%¹) & Plastic | (7.9%¹) | (5.9%¹) | Products |
(10.9%¹) | (5.4%¹) |
Average temperature² | °C
-1.5ºC | +0.8ºC | |||||||||
25.8 | 24.3 | 24.1ºC | 20.3 | 21.1 | 20.3ºC | |||||
São Paulo | Rio Grande do Sul | |||||||||
4Q23 | 4Q24 | LTA³ | ||||||||
1) Market Share by segment; 2) The consolidated average temperature considers daily historical | 04 |
temperature data in the period; 3) Long Term Average referring to last 21 years. |
2024 Distribution Energy Sales
Energy sales by consumption segment | GWh
+4.2%
778 | 742 | 124 | (41) | |||
1,325 | ||||||
72.072 | 72.814 | 72.897 | 72,897 | |||
71.294 | ||||||
69,968 | 69.968 | |||||
-0.5% | ||||||
+6.0% | +3.0% | +6.3% | +4.5% | |||
2 0 2 3 | R e s i d . | I n d u s t . C o m m e r c . | R u r a l | O t h e r s | 2 0 2 4 |
Key industry sectors | %
6.2% 6.2%
2.7%
-0.2% | -0.9% | |
-1.7% | ||
Food | Chemicals Rubber | Vehicles Metalurgy Textile |
(19.4%¹) | (11.6%¹) & Plastic | (7.7%¹) (6.0%¹) Products |
(10.7%¹) | (5.4%¹) |
Main impacts by segment | %
Breakdown | 31.9% | 36.5% | 17.3% | 3.9% | 10.4% | |
Total | ||||||
Resid. | Indust. | Commer. | Rural | Others | ||
Billing calendar | 0.1% | 0.6% | 0.3% | 0.3% | 0.3% | 0.3% |
Temperature | 1.5% | 0.0% | 2.1% | 0.0% | 0.2% | 0.8% |
Migrations | 0.0% | 0.0% | 0.0% | 0.0% | -2.7% | -0.3% |
DG | -3.3% | -0.3% | -3.6% | -5.2% | -1.3% | -2.1% |
Macro/Others | 7.7% | 2.7% | 7.5% | 9.4% | 3.0% | 5.5% |
Total | 6.0% | 3.0% | 6.3% | 4.5% | -0.5% | 4.2% |
Average temperature² | °C
+1.5ºC
23.9 | 23.0ºC | -0.6ºC | |||||||||||
Favored by the | |||||||||||||
22.4 | 20.3 | 19.7 | 19.6ºC | ||||||||||
increase in | |||||||||||||
temperature | |||||||||||||
in São Paulo | |||||||||||||
São Paulo | Rio Grande do Sul | ||||||||||||
São Paulo | Rio Grande do Sul | ||||||||||||
2023 | 2024 | LTA³ | |||||||||||
1) Market Share by segment; 2) The consolidated average temperature considers daily historical | 05 |
temperature data in the period; 3) Long Term Average referring to last 21 years. |
Main Segments: Organic Growth + Macroeconomic Effects¹
32% Residential
6.7% 7.7%
3.7% 3.8%
2.0%
2020 | 2021 | 2022 | 2023 | 2024 |
17% Commercial
7.5% | 7.5% | |||
5,0% | 4.9% | 4.8% | ||
0,0% | ||||
-5,0% | ||||
-6.6% | ||||
-10,0% | 2021 | 2022 | 2023 | 2024 |
2020 |
• | Good performance of |
employment and | |
payroll assured a | |
strong growth in | |
residential and | |
commercial segments | |
• | Recovery of the |
36% Industrial
10.4%
1.2%
2.7%
100% Total
6.2% | 5.5% | |||||
4.6% | ||||||
3.5%² | ||||||
2.9% | 2.7% 2.9% | |||||
1.3% | ||||||
-0.6% | GDP | |||||
industrial segment, |
reflecting a good |
industrial production |
performance |
• Total Growth of |
5.5% in 2024¹ in |
comparison with an |
-0.8%
-2.9%
2020 | 2021 | 2022 | 2023 | 2024 |
-4.1% | ||||
2020 | 2021 | 2022 | 2023 | 2024 |
estimated GDP of |
~3.5%² |
1) Adjusted by calendar effect, temperature, migrations, DG and ANEEL Resolution Nº 1.000/2021. 2) Source: FOCUS - Bacen. | 06 |
Distribution Delinquency
ADA | R$ million
-0.8%
-17.6%
110.9 | 100.2 | 96.8 | ||||||||
80.5 | ADA | |||||||||
79.8 | ||||||||||
1.22% | 1.18% | 1.22% | % ADA / | |||||||
Revenue from | ||||||||||
0.91% | 0.90% | Sales to Final | ||||||||
Consumers | ||||||||||
4Q23 | 1Q24 | 2Q24 | 3Q24 | 4Q24 | ||||||
Collection actions | Power cuts | Thousands | Power cuts | |||||||||
intensification | ||||||||||
+47.4% | favored the | |||||||||
delinquency | ||||||||||
725 | ||||||||||
reduction | ||||||||||
519 | 550 | 549 | Monthly | |||||||
492 | average | |||||||||
241 | ||||||||||
164 | 173 | 183 | 183 | power cuts | ||||||
4Q23 | 1Q24 | 2Q24 | 3Q24 | 4Q24 |
ADA | R$ million
+43.3%
387.8
270.7
1.13%
0.84%
20232024
ADA | % ADA / Revenue from |
Sales to Final Consumers
07
Distribution Losses
Losses | Last 12 months¹;²
-0.48 p.p.
8.76%
8.28%
7.86% | 7.92% | CPFL Energia | |
ANEEL Limit
Dec-23 | Dec-24 | ||
Dec-23 | Dec-24 | Limit³ | |
CPFL Paulista | 9.14% | 8.37% | 8.00% |
CPFL Piratininga | 7.75% | 7.59% | 6.03% |
RGE | 9.03% | 8.95% | 9.28% |
CPFL Santa Cruz | 7.75% | 6.82% | 8.50% |
- Excluding the differences in the billing calendar, losses in 4Q24 would have a variation of +0.31 p.p. (8.52% in 4Q23 vs 8.83% in 4Q24); 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 12/31/2024. | 08 |
SAIDI
ANEEL | |||||||||||||||||||||||
¹ | performance | Limit | |||||||||||||||||||||
Indicator% | 11.08 | 10.84 | 10.76 | ||||||||||||||||||||
10.56 | |||||||||||||||||||||||
10.50 | |||||||||||||||||||||||
8.46 | 8.46 | ||||||||||||||||||||||
8.19 | 8.13 | 7.89 | |||||||||||||||||||||
7.38 | 7.35 | ||||||||||||||||||||||
6.84 | 6.77 | ||||||||||||||||||||||
6.41 | 6.42 | 6.41 | 6.24 | 6.21 | 6.02 | 6.05 | |||||||||||||||||
6.81 | 6.21 | 5.25 | 5.14 | 4.78 | 5.83 | 5.95 | 4.95 | 4.57 | 4.39 | 4.89 | 5.66 | 4.74 | 5.04 | 4,84 | 10.83 | 10.85 | 10.55 | 8.63 | 9.09 | ||||
2020 | 2021 | 2022 | 2023 | 2024 | 2020 | 2021 | 2022 | 2023 | 2024 | 2020 | 2021 | 2022 | 2023 | 2024 | 2020 | 2021 | 2022 | 2023 | 2024 |
% Sets within regulatory limit
176 sets | 45 sets | 21 sets | 101 sets | ||
63% | ANEEL | ||||
Limit | |||||
80% | 80% | 80% |
92% | 84% | 100% | 76% |
1) SAIDI in hours. | 09 |
Generation Performance
Hydro | 56% | ||||
Average PLD (SE/CW) | R$/MWh | 2023 | ||||
+178.2% | R$ 72 | ||||
171 | 216 | 2024 | |||
R$ 128 | |||||
78 | 61 | 63 | |||
4Q23 | 1Q24 | 2Q24 | 3Q24 | 4Q24 | +77.2% |
GSF | 2023 | ||||
91% | 97% | 90% | |||
86% | 87% | ||||
81% | |||||
2024 | |||||
90% | |||||
-0.3% | |||||
4Q23 1Q24 | 2Q24 3Q24 | 4Q24 |
Wind | 32% | |||||||||||||||
Wind Farms | Generation | GWh | Wind Farms | Availability | |||||||||||||||
-6.6% | +14.2% | 2023 | 2023 | |||||||||||||
5Y AVG 96.3% 95.7% | ||||||||||||||||
1,316 | 1,504 | 4,054 | 95.7% | |||||||||||||
95.9% | ||||||||||||||||
2024 | 94.4% | 94.9% | 93.9% | 2024 | ||||||||||||
1,211 | 635 | 664 | 1,200 | 1,132 | ||||||||||||
3,631 | 94.7% | |||||||||||||||
4Q23 | 1Q24 | 2Q24 | 3Q24 | 4Q24 | 4Q23* | 4Q24* | 4Q23 | 1Q24 | 2Q24 | 3Q24 | 4Q24 | |||||
-10.4% | -1.1% | |||||||||||||||
*Without ONS Restriction
10