Q3 2024 CTEEP - Companhia de Transmissao de Energia Eletrica Paulista Earnings Call (English, Portuguese) Transcript
Key Points
- Net revenue grew by 8% in Q3 and 18% year-to-date, driven by several factors including the incorporation of the RTP contract effects.
- Consolidated EBITDA increased by 9.4% in Q3, with a margin improvement to 81.3%.
- The company continues to invest heavily, with total CapEx of BRL868 million in the quarter, marking a 64% increase compared to the previous period.
- ISA CTEEP is advancing in its sustainability agenda, including a reduction in SF6 gas emissions and the Jaguar Connection program for environmental conservation.
- The company maintains a strong position in the capital market, with significant growth in Average Daily Trading Volume and inclusion in major Brazilian indices.
- Net income for the quarter decreased by 9%, impacted by temporary effects of the periodical tariff review.
- The company's gross debt increased to BRL11.5 billion, with a net debt-to-EBITDA ratio of 2.49 times, due to new funding for investments.
- Financial expenses rose due to a higher gross debt position, impacting net income.
- The periodical tariff review resulted in a reduction of BRL349 million from the RAP for the economic component of the RBSE.
- The company faces challenges in executing greenfield projects, with some still in the process of obtaining permits.
Good morning, everyone, and thank you for waiting. Welcome to the conference call to announce the results of the Third Quarter of 2024 of ISA CTEEP. (Operator Instructions) This conference call is being recorded and will be available on the company's Investor Relations website at www.isacteep.com.br/ri, where you can find all the materials for our news release. You can download the presentation from the chat icon in English, too. During the company's presentation, all participants will be in listen-only mode.
(Operator Instructions) Statements made in this conference call about ISA CTEEP's business prospects, projections and growth potential are mere assumptions based on the expectations of the company's management for the future of the company. Such expectations are highly dependent on market changes, overall economic performance of the country, industry and international markets and, therefore, are subject to change. Forward-looking statements are not guarantee of performance because they involve risks, uncertainties and
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