Q3 2024 Celsia SA Earnings Call Transcript
Key Points
- Celsia SA Esp (BOG:CELSIA) reported a healthy net utility growth of 35% over the quarter despite a decrease in EBITDA.
- The company successfully mitigated the effects of the El Niño phenomenon through strategic energy transactions and climate derivatives.
- Celsia launched the first solar energy storage system in Colombia, marking a significant milestone in the country's energy transition.
- The company is progressing with the Carreto Wind project, expected to deliver 9.6 MW of clean energy by the end of the year or early next year.
- Celsia's share buyback program has resulted in a 55% increase in stock price since its announcement, demonstrating strong shareholder value creation.
- Celsia experienced a 5% decrease in third-quarter revenue compared to the same period in 2023, primarily due to lower asset transfers.
- The company faced a 17% decrease in EBITDA, attributed to increased generation costs and the effects of the El Niño phenomenon.
- There is ongoing concern about the low levels of water reservoirs, which could lead to energy shortages if not managed properly.
- Celsia's operations in Central America contributed less to the overall EBITDA, raising questions about the strategic value of these assets.
- The company is exposed to potential risks from the gas supply for thermal plants, which could impact operational costs and energy availability.
Good afternoon. Ladies and gentlemen, I am [Guad Velasco] from the communications team for Celsia. And I want to invite you and welcome you to the meeting of the trimester results 2024 Ricardo Andrés Sierra Fernández, leader of Celsia Esteban Pedra, Ita, financial leader of the company Santiago Arango, corporate Business and Car. So, Anon leader of regulatory matters are here today.
This teleconference is being held on Zoom, but it's also transmitted in live to through the X platform. At this moment, all these Zoom platforms are listening mode and we have reserved as at the end for your questions. So you can ask them once the presentation is over.
This conference has interpretation from Spanish to English. If you're using your computer, you can choose the language by choosing the interpretation icon at the right bottom of the screen. If you're using a digital or a mobile phone, (Operator Instructions).
We want to thank you very much for being online in this teleconference and Now I hand the floor to Ricardo Sierra, leader of Celsia. Welcome Ricardo.
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