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Latibex ForumNovember, 2009
2
7 million Clients6 thousand AES People
AES Brasil Group
85.4%
14.6%
Others
AES Brasil
3.0%
Discos
Gencos
Market Share... with a 2008 result:
R$ 3.2 billion (Ebitda)R$ 1.7 billion (net income)
Investments 1998 - 2008:
R$ 5 billion after privatization
DiscoTrading Company Telecom
Genco
97.0%
33
AES Eletropaulo
• Largest electricity distribution company in Latin America
• Serving 24 municipalities in the São Paulo Metropolitan area,
including the capital
• Concession area: 4,526 km2
• Concession area with one of the highest concentration of GDP
per capita in Brazil
• Population Served: 16 million
• 4,143 workers
• 5.9 million of consumption units
São Paulo Metropolitan Area
Regional West
Regional East
Regional South Regional ABC
Regional North
Overview
44
Ebitda – R$ million
2007 20082006
1,766 1,6961,566
9M08 9M09
1,1431,140
Net Income – R$ million
2007 2008
1,027
713
2006
373
+ 175%
9M08 9M09
538496
Dividend Payout – R$ million
34.9%
100.3% 101.5%
3.2%
14.4% 20.3%
715
2007
1,043
2008
130
2006
323
9M09
Dividends Pay-out Yield PNB
Investments Breakdown – R$ million
2007
364
69
433
2006
301
378
77
2008
410
45747
2009e
468
55
523
269
30536
9M08
298
32426
9M09
Paid by customers
Capex
Financial Facts
55
2Q09 YTD
-1.5%
AES Eletropaulo
Load – (GWh)GDP¹
2006
2.9%
2007
5.2%
2008
5.1%
1 – Source: IBGE (Brazilian Institute of Geography and Statistics) 2 – Focus Report from 11/13/2009
2009(e)²
0.2%
2010(e)²
5.0%
2006
2.9%
2006
43,518
2007
45,215
2008
46,606
9M09
34,741
+ 4%+ 3%
2009(e)
46,789
2010(e)
48,237+ 0% + 3%
66
Consumption evolution
Free Clients
Commercial
Total Market - (GWh)1 9M09 Consumption Share - (GWh)1
Residential
Others
Industrial
8%
37%
14%
17%
26%
6%
1 – Own consumption not considered
Free Clients
2006 2007 2008
410
38,18339,932
41,243
Captive market
6,5277,355
7,383
+ 8%
5,625 5,024
30,730 30,377
9M08 9M09
+ 1%
- 1%
31,656 32,577 33,860
25,105 25,353
2009(e)
410
41,305
6,829
34,475
77
Residential - (GWh)
1Q09
3,4943,412
1Q08 2Q09
3,7423,605
2Q08 3Q09
3,9783,691
3Q08 9M08
10,708
9M09
Commercial - (GWh)
1Q09
2,6572,551
1Q08 2Q09
2,625
2,510
2Q08 3Q09
2,5672,542
3Q08 9M08
7,603
7,850
9M09
Consumption classes
+ 2.4% + 3.8% + 7.8% + 4.7%
+ 4.2% + 4.6% + 1.0% + 3.2%
88
Industrial - (GWh)
1Q09
1,3271,535
1Q08 2Q09
1,4651,608
2Q08 3Q09
1,5461,735
3Q08 9M08
4,8784,337
9M09
Captive Market - (GWh)
1Q09
8,1188,118
1Q08 2Q09
8,4938,351
2Q08 3Q09
8,7428,635
3Q08 9M08
25,10425,352
9M09
Consumption classes
-13.5% -8.9% -10.9% -11.1%
+ 0.0% + 1.7% + 1.2% + 1.0%
99
Free Market - (GWh)
1Q09
1,573
1,853
1Q08 2Q09
1,7201,899
2Q08 3Q09
1,7311,874
3Q08
+4,7%
9M08
5,625
5,024
9M09
Total Market - (GWh)
1Q09
9,6929,971
1Q08 2Q09
10,21210,250
2Q08 3Q09
10,47310,509
3Q08 9M08
30,73030,377
9M09
Consumption classes
-15.1% -9.4% -7.6% -10.7%
-2.8% -0.4% -0.3% -1.1%
The statements contained in this document with regard to the business prospects, projected operating and financial results, and growth potential are merely forecasts based on the expectations of the Company’s Management in relation to its future performance. Such estimates are highly dependent on market behavior and on the conditions affecting Brazil’s macroeconomic performance as well as the electric sector and international market, and they are therefore subject to changes.
Contacts:[email protected]
+ 55 11 2195 7048