Q2 2024 Transmissora Alianca de Energia Eletrica S/A Earnings Call (English, Portuguese) Transcript
Key Points
- Transmissora Alianca de Energia Eletrica SA (BSP:TAEE11) reported a 22.9% increase in regulatory net income, totaling BRL294 million in Q2 2024.
- The company announced a BRL223.3 million dividend distribution related to Q2 2024 earnings, maintaining a strong commitment to shareholder returns.
- TAESA's operational RAP increased by BRL10.2 million due to inflation adjustments and new project completions, with a future RAP expected to total BRL4.1 billion.
- The company achieved significant progress in sustainability initiatives, including diversity and female empowerment, with 29% of leaders being self-declared Black and 26% female.
- TAESA maintained a high availability rate of 99.38% in its operations, indicating strong operational performance and reliability.
- TAESA's net revenue decreased by 7.2% quarter-over-quarter, totaling BRL579 million in Q2 2024.
- The company's EBITDA margin fell from 84.3% to 83.7%, reflecting a decrease in operational efficiency.
- Environmental licensing delays impacted CapEx, particularly affecting the Ananai project, which could lead to potential project timeline setbacks.
- The periodic tariff review resulted in a negative impact of BRL46 million due to adjustments in the RAP of reinforcements, affecting future revenue streams.
- TAESA's leverage ratio stood at 4.0, indicating a relatively high level of debt, which could pose risks if not managed effectively.
Good morning, everyone, and thank you for joining TAESA's Q2 2024 earnings release video conference. (Operator Instructions) We would like to inform that this video conference is being recorded and will be made available on the company's RI website, where you will also find the earnings release. (Operator Instructions)
Please note that questions can be submitted during the presentation and will be read out live by our IR Officer, Cristiano Grangeiro, and our IR Specialist, Juliana Castelli, and then answered by the Board of Directors during our Q&A session.
We would like to emphasize that the information contained in the presentation and any statements that may be made during the video conference regarding TAESA's business prospects, projections, and operational and financial targets are the beliefs and assumptions of the company's management and on the information currently available.
Forward-looking statements are not guarantees of performance since they involve risks, uncertainties, and assumptions as they refer to future events, and therefore, depend on circumstances
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