EDP Energias do Brasil Reports EBITDA of R$344 Million in 2Q09
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Manageable Expenses, excluding Depreciation and Amortization, reduced by 12%
compared with 2Q08
SAO PAULO, July 30 /PRNewswire-FirstCall/ -- EDP - ENERGIAS DO BRASIL S.A.
("EDP Energias do Brasil" or "Group") (BM&F Bovespa: ENBR3) listed on
Bovespa's Novo Mercado today announces its results for the second quarter and
the first six months of 2009 (2Q09 and 1H09). The information is presented on
a consolidated basis in accordance with Brazilian Corporate Law and is based
on reviewed financial information. The operating information has not been
reviewed by the independent auditor.
HIGHLIGHTS OF 2Q09
-- Energy volume sold by the generation business in 2Q09 totaled
1,846 GWh, 29% higher than in 2Q08 as a result of the asset swap operation and
the beginning of sale contract at the Santa Fe SHP.
-- Commercialized energy volume rose 15% in 2Q09 vs. 2Q08, reporting
record sales for the period.
-- Net consolidated operating revenue was R$1,116 million in 2Q09, 1% less
than the same item in 2Q08, largely a reflection of the elimination of Enersul
from consolidated results.
-- Consolidated manageable expenditures, excluding depreciation and
amortization, posted a decline of 12% against 2Q08, the 6th consecutive
quarter of reduction, as a result of cost control at the Group's companies as
well as the conclusion of the asset swap operation.
-- EBITDA for the 2Q09 period reached R$344 million, an increase of 6%
compared with 2Q08 due to enhanced Group efficiency and distributor tariff
readjustments.
-- EBITDA from the distribution business (Bandeirante and Escelsa)
amounted to R$187 million in 2Q09, 12% higher in relation to 2Q08, largely
reflecting an increase in average tariffs.
-- Conclusion of the divestment of ESC 90 with a positive impact of
R$121 million on the 2Q09 result.
-- Net income for 2Q09 amounted to R$213 million.
-- Approval and signature for long-term BNDES and IDB financing for Porto
do Pecem S.A ("Pecem I"); and the issue of R$230 million in promissory notes
by Bandeirante. -- Unveiling of full commercial operations at Santa Fe SHP.
-- Start-up in operation of Escelsa's new commercial system
Conference Call and Webcast (in English) - www.edpbr.com.br
Date: July 30, 2009 (Thursday)
Time: 2 p.m. (New York time)
7 p.m. (London time)
3 p.m. (Brasilia Time)
Connection numbers:
Participants in the USA: (1 800) 700.0802
Participants from other countries: (1 786) 924.6977
Participants in Brazil: (11) 4688.6301
Access code: Energias do Brasil
If you cannot participate, a replay of the conference call will be
available from July 30, 2009 to August 5, 2009. You can access the replay by
dialing (55 11) 4688.6312 (access code: 844).
For further information please contact Investor Relations Team:
Mayte Albuquerque
Cleverson Murakawa
Rogerio Pacheco
Michelle Corda
55 11 2185-5907
ri@edpbr.com.br
SOURCE EDP - Energias do Brasil S.A.
Mayte Albuquerque, Cleverson Murakawa, Rogerio Pacheco, Michelle Corda,
+011-55-11-2185-5907, ri@edpbr.com.br, all of Energias do Brasil Investor
Relations
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