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Strategic Plan PowerPoint Presentation
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Strategic Plan

Strategic Plan

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Strategic Plan

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Presentation Transcript

  1. Strategic Plan

  2. Market Premises Captive Market (GWh) • Continued economic growth in the concession area • Reduced energy losses • Residential and commercial segments strongly correlated with temperature • Temperature: use of historical average • Industrial segments correlated with the Manufacturing Industry Production Index (IPIT) +2.5% p.a. 22,113 20,054 19,877 19,459 2010 2011 2012 2016 2

  3. OPEX Premises Manageable Costs and Expenses (R$ MN)* • Matrix Management of Expenses • Synergy Project: gains of efficiency by redefining processes and seeking synergies with Cemig • Continuous contract negotiation • Implementation of a field service control center • Feasibility study to the decision-making process • Efficiency combined with regulatory costs +4.5% p.a. 922 772 716 619 2010 2011 2012 2016 * Nominal amounts Inflation estimates for the period: 5.8% p.a. (2013-16) 3

  4. PDA Premises PDA / BILLED SUPPLY • Implantation of the PPUs, with an increase in the collected volume • Expansion of the Light Legal program (APZ) • New technologies that allow remote cuts • Implementation of Resolution 414 – suspension of clients with permanent default 3.2% 3.2% 3.0% -1.5% b.p.s. 1.7% 1.9% 2010 2011 2012 2016 Non-recurring provisioning 4

  5. EBITDA (R$ MN)* Premises • Market growth • Loss reduction • PDA reduction • Operational efficiency gain • Re-pricing of the existing energy • Impacts of the 3rd regulatory cycle on the distributor • Higher generation/sale share: around 40% in 2016 (including interest) 1,980 +8.0% p.a. 196 1,595 1,456 23 1,238 1,784 1,433 2010 2011 2012 2016 * Nominal amounts Interest¹ Note: in accordance with the IFRS rules, interest in joint ventures will no longer be consolidated as of 2013. ¹ EBITDA proportionate to the following interest: Renova, Itaocara, Guanhães, Belo Monte, LightGer and Axxiom. 5

  6. Investments (R$ MN)* Premises 929 2 • Total Investment (2013-16): R$2.5 bn • BNDES financing: 50% of CAPEX for distribution and 60% of the new generation projects 797 62 90 682 26 73 620 37 26 62 34 56 38 35 775 672 545 495 2014 – 2016 Average 2011 2012 2013 * Nominal amounts Distribution Generation Management Energy Efficiency 6

  7. Net Debt Premises NET DEBT* AND NET DEBT/EBITDA (R$ MN) • Financing of generation expansion • Gradual leverage reduction • Excludes pension plan debt, except in the calculation of the net debt/EBITDA (definition of covenants) 4,745¹ 4,273 3,383 1,947 2.89 2.83 2.70 1.20 2010 2011 2012 2016 * Nominal amounts Net Debt / EBITDA Net Debt ¹ Excludes net debt of R$1.5 bn related to interest held. 7

  8. ImportantNotice This presentation may include declarations that represent forward-looking statements according to Brazilian regulations and international movable values. These declarations are based on certain assumptions and analyses made by the Company in accordance with its experience, the economic environment, market conditions and future events expected, many of which are out of the Company’s control. Important factors that can lead to significant differences between the real results and the future declarations of expectations on events or business-oriented results include the Company’s strategy, the Brazilian and international economic conditions, technology, financial strategy, developments of the public service industry, hydrological conditions, conditions of the financial market, uncertainty regarding the results of its future operations, plain, goals, expectations and intentions, among others. Because of these factors, the Company’s actual results may significantly differ from those indicated or implicit in the declarations of expectations on events or future results. The information and opinions herein do not have to be understood as recommendation to potential investors, and no investment decision must be based on the veracity, the updated or completeness of this information or opinions. None of the Company’s assessors or parts related to them or its representatives will have any responsibility for any losses that can elapse from the use or the contents of this presentation. This material includes declarations on future events submitted to risks and uncertainties, which are based on current expectations and projections on future events and trends that can affect the Company’s businesses. These declarations include projections of economic growth and demand and supply of energy, in addition to information on competitive position, regulatory environment, potential growth opportunities and other subjects. Various factors can adversely affect the estimates and assumptions on which these declarations are based on. 8