Q2 2024 Energisa SA Earnings Call (English, Portuguese) Transcript
Key Points
- Energisa SA (BSP:ENGI11) reported a 13% growth in adjusted EBITDA and a 16.6% increase in net income compared to the same quarter last year.
- The company achieved its highest growth rate in energy distribution in 23 years, with an 11.2% increase.
- Energisa SA was recognized as one of the most innovative companies in Brazil by Valor Economico.
- The acquisition of Infra Gas, which holds a significant share in Norgas, is expected to enhance the company's presence in the gas distribution sector.
- The company announced a dividend payment of BRL157 million, representing a payout of 34.2% for the semester.
- The company faced a negative impact of BRL317.8 million on non-factor income due to seasonal behavior and temperature variations.
- Energy losses reached 12.94%, showing a slight increase compared to the previous quarter.
- The automotive segment in gas distribution was negatively impacted by incentives for liquid fuels.
- There was a negative BRL51.8 million non-cash flow effect from the commercializer e-com market.
- The company experienced an increase in expected losses with credit of liquidity doubtful, rising by BRL28.3 million compared to the previous year.
Good afternoon everyone and please be welcome to the earnings conference call on the second quarter 2024 of Energia SA. We inform you that this video conference is recorded and will be available under company's IR website, where it finds available the current presentation. We hightlight that whoever needs translation have these two available at the globe icon read and interpretation. Located ta the bottom area of your screen. By selecting it choose your preferred language Portuguese or English.
For those listening to video conference in English, there is a option of mute original audio in Portuguese click and mute original audio. (Operator Instructions) We highlight that the information contained in the presentations and eventual statements that may be done during the conference related to business perspectives, projections and goals, operational and financial avenues that they constitute and beliefs and premises of the administration of the company, such as information currently available.
Future statements are not proof of performance. They involve risks, uncertainties and premises
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