EDP - ENERGIAS DO BRASIL S.A. Earnings Webinar
3Q22
October 27th, 2022
9M22 Highlights
Complete Operational Startup | |||
GROSS MARGIN | EDP Litoral Sul | ||
+27.1% | EDP MGTE | ||
vs 9M21 | Parcel B | ||
EBITDA | EDP ES: BRL 1.4 bi | ||
BRL 3.7Bi | EDP SP: BRL 1.7 bi | ||
+24.7% vs 9M21 | |||
NET INCOME | Signing of the Sales Agreement | |||
UHE Mascarenhas: BRL 1.2 bi | ||||
BRL 1.4Bi | ||||
+5.0% vs 9M21 | ||||
Pecém's debt restructuring | ||||
Net Debt-to-Ajusted EBITDA¹ | ||||
Issue of BRL 1.5 bi | ||||
2.4x | ||||
2.7x vs 9M21 | ||||
Best HPPs: Peixe and Lajeado | ||||
ANEEL Ranking | ||||
¹Adjusted EBITDA for non-recurring and non-cash effects. | 2 | |||
Key Performance Indicators
(BRL million) | EBITDA |
1,314
1,124
1,017
699 754
579
Adjusted EBITDA
EBITDA
3Q20 | 3Q21 | 3Q22 |
Net Income | CAPEX |
511 | 514 | 632 | 626 |
478
300
3Q20 | 3Q21 | 3Q22 | 3Q20 | 3Q21 | 3Q22 |
3
Adjusted EBITDA by business - 3Q22
(BRL million) | 261 | 1,314 | |||||||||
66 | +34.9% | ||||||||||
151 | 3 | 1,017 | 36 | ||||||||
754 | 105 | -47 | -2 | -13 | |||||||
Adjusted | Distribution | Regulatory | Hydro | Thermal | Trading | Clients¹ | Holding² | Adjusted | NVR | IFRS | EBITDA |
EBITDA 3Q21 | Transmission | Generation | Generation | EBITDA | Transmission | 3Q22 | |||||
3Q22 |
Main Quarter Effects
Distribution: | Transmission: |
▲ Complete operational startup of the projects; | |
▲ Annual tariffs readjustments : +BRL 130 million | |
▲ Market and overcontracting: +BRL 38 million | Hydro Generation: |
▲ Losses: +BRL 24,1 million; | ▲ Contractual readjustment; |
▼ PECLD: -BRL 10.7 million | |
Thermal Generation: | |
▼ PMTO: -BRL 70.8 million | |
▼ 2021 mismatch between coal price | |
¹Clients includes Solar + Energy Trading ²Holding includes eliminations | 4 |
Average inflation of the last three years 29.4% vs. PMTO growth of 10%
Recurrent PMTO¹
(BRL million)
+10% | 317 | 307 | 295 | |||||||
874 | ||||||||||
274 | 280 | 280 | ||||||||
792 | ||||||||||
760 | 798 | 252 | ||||||||
9M19 | 9M20 | 9M21 | 9M22 | 1Q21 | 2Q21 | 3Q21 | 4Q21 | 1Q22 | 2Q22 | 3Q22 |
- Optimization and strong cost control throughout the pandemic;
- Contractual adjustments being gradually carried out throughout 2022; and
- About 80% of PMTO expenses are indexed to the IPCA and 20% follow the IGP-M index, resulting in a weighted average adjustment of 29.4%.
1 Recurrent PMTO excludes Transmissão, EDP Ventures, EDP Smart and GRID + Soluções + Varejista)
IPCA | IGP-M |
36 | 36 |
MONTHS | MONTHS |
21.9% | 59.4% |
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EDP - Energias do Brasil SA published this content on 30 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2022 13:16:06 UTC.
