Light S.a. · BMFBOVESPA:LIGT3
Light — Q1 2019 Earnings Presentation
10 slides from Light's earnings presentation, May 16, 2019
Slide 1: 1Q19 Earnings Results
1Q19 Earnings Results Rio de Janeiro May 16, 2019 1
Slide 2: Operational Highlights
Operational Highlights Grid Load - GWh Billed Market - GWh 5,0% 2,5% 10.841 10.325 7.642 7.459 1Q18 1Q19 1Q18 1Q19 DEC - Hours (12 months) FEC - Times (12 months) -9,7% 1,6% 8,09 4,83 7,96 4,36 1T18 1Q18 1T19 1Q19 1Q18 1T18 1Q19 1T19 5th ANEEL Addendum = 8,23 hours 5th ANEEL Addendum = 5,72 x 2
Slide 3: Financial Highlights
Financial Highlights Net Revenue - R$ million EBITDA - R$ million 11,8% 21,7% 2.842 3.179 575 472 1Q18 1Q19 1Q18 1Q19 PMSO - R$ million Net Earnings - R$ million 77,1% -2,3% 164 231 225 93 1Q18 1Q19 1Q18 1Q19 3
Slide 4: Losses
Losses Changes in Total Losses Gap Between Actual Losses and Regulatory Target 12 Months (%)¹ 10.000 35,00% 9.000 5,55 p.p. 2,10 p.p. 4,87 p.p. 9.153 8.827 8.000 8.392 8.529 30,00% 8.166 8.000 8.004 8.004 8.189 7.000 24,49% 23,95% 24,49% 22,72% 6.000 25,00% 21,87% 22,72% 22,98% 23,15% 20,62% 21,87%
Slide 5: Collection Rate
Collection Rate Collection Rate 12 Months (Considering Overdue Installments) 5
Slide 6: Balancing the Provisions Level
Balancing the Provisions Level Recovery Energy - REN PECLD/Gross Revenue (%) GWh 12 Months 1.069 1.100 1.051 976 943 875 868 3,1% 3,0% 705 2,8% 2,7% 2,7% 330 553 2,3% 2,1% 267 2,0% 244 1,8% 234 210 169 167 135 16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q
Slide 7: EBITDA per Segment
EBITDA per Segment EBITDA per Segment Net Earnings per Segment R$ Million R$ Million 77,1% 21,7% 164 37 575 472 52 93 20 231 14 173 151 65 281 295 18 -2 -2 -4 -25 1Q18 1Q19 1Q18 1Q19 Distribution Commercialization Generation Others and Eliminations 7
Slide 8: Improvement of the Debt Profile
Improvement of the Debt Profile Cost of Debt Amortization of Consolidated Debt - R$ MN (%) Average Maturity: 3.8 years (Disclosed in 1Q19) 3.890 15,42% 14,11% 13,97% 1.616 1.535 11,90% 1.187 1.163 1.301 10,72% 10,39% 10,56% 9,47% 11,23% 9,49% Cash 2019 2020 2021 2022 After 2023 9,54% 9,33% 8,70% 7,8
Slide 9: Important Notice
Important Notice This presentation may include declarations that represent forward-looking statements according to Brazilian regulations and international movable values. These declarations are based on certain assumptions and analyses made by the Company in accordance with its experience. the econo
Slide 10: Thank you
Thank you 10