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Conference Call 3Q18
November/2018
Economic-Financial Office and Investor Relations Office
LEGAL NOTICE
This presentation may contain forward-looking statements referring toSABESP’s business outlook. operating and financial results estimates. andgrowth prospects. These are only projections. and as such. they are exclusivelybased on SABESP’s management expectation in relation to the future ofbusiness and its continuous access to capital to finance the Company’s businessplan. These forward-looking statements largely depend on changes in marketconditions. governmental rules. industry performance and the Brazilianeconomy. amongst other factors. in addition to risks exhibited in disclosuredocuments filed by SABESP. Therefore. they are subject to changes withoutprior notice.
2
Total water and sewage billed volume, including wholesale
Historical Billed Volume
BILLED VOLUME (million m3)
3
0.1%
0.1%
0.2%
923.9922.8
1.7%
1.8%
1.7%
2,799.02,750.9
385 380 371 363 368 379 382 386 386 399 405 395 404 414 413 408 404
508 501 485 472 473484 490 494 495 512 520 509 519 528 531 523 520
892 881 856 835 841 863 872 880 880910 925 904 923 942 944 931 924
3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18
Sewage Water Water + Sewage
FINANCIAL HIGHLIGTHS (R$ million)
4
623,4
39.860,1
288,4
203,6184,4
324,5
-34,4
21,6
692,2
61,0 58,1
366,5
241,5216,7
342,5
19,3 13,5
Salaries and payrollcharges and Pension
plan obligations
General Supplies Treatment Supplies Services Electricity General Expenses Depreciation andAmortization
Allowance for doubtfulaccounts
Tax Expenses
3Q17 3Q18
11.0%
% Net Revenue in 3Q17
17.6% 1.1% 1.7% 8.2% 5.8% 5.2% 9.2% -1.0% 0.6%
% Net Revenue in 3Q18
18.2% 1.6% 1.5% 9.6% 6. 3% 5.7% 9.0% 0.5% 0.4%
5.5%
53.3%-3.3%
27.1%
18.6% 17.5%
-37.5%-156.1%
Costs and expenses of 3Q17*: R$1,711.4
Costs and expenses of 3Q18*: R$2,011.3
*It does not consider construction costs
COSTS AND EXPENSES (R$ million)
5
17.5%
(*) Including Equity Result
3Q18 3Q17 ChangeNet Income 3Q17 900.5
Net Operating Revenue 3,810.8 3,536.5 274.3 Costs and Expenses (2,719.2) (2,405.9) (313.3)
Other Revenue and Expenses (*) 34.7 15.8 18.9Net Financial (262.8) 222.9 (485.7)Income Tax and Social Contribution (298.3) (468.8) 170.5
Net Income 3Q18 565.2
NET INCOME – MAIN VARIATIONS (R$ million)
6
N.O.R. Costs and
Expenses
Other Rev.
and
Expenses(*)
Net Financial Income Tax
and Social
Contribution
3Q18
Net Income
3Q17
Net Income
18.9
(313.3)
900.5
170.5
(485.7)
565.2
274.3
Guarapiranga Alto Tietê
SPMR – WATER SITUATION
Cantareira
*Long Term Average – Oct/17 to Sept/18
RAINFALL IN THE MAIN WATER PRODUCTION SYSTEMS (mm)
60,4
61,562,3
61,660,6
59,7 59,8 59,4
61,3
52
54
56
58
60
62
64
jan fev mar abr mai jun jul ago set out nov dez
2016 2017 2018
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
AVERAGE PRODUCTION (m³/s)VOLUME STORAGE (%)
51.7%
7.7%11.0%
47.3%
53.7%
40.6%43.4%
-10
10
30
50
70
90
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Vo
lum
e St
ore
d (
%)
Oct12/Sep13 Oct13/Sep14 Oct14/Sep15 Oct15/Sep16
Oct16/Sep17 Oct17/Sep18 Oct 18/Sep 19
62.2
76%
101%
58%
105%
47%
91%
26%17%32%24%
213%61%
149%
-
50
100
150
200
250
300LTA
2017/2018
2018/201988%
111%
53%
80%
26%
120%
92%
34%45%27%
81%51%
149%
-
50
100
150
200
250
LTA
2018/2018
2018/2019
87%
139%
49%
79%
28%
80%
70%
18%31%27%
120%50%
122%
-
50
100
150
200
250
300LTA
2017/2018
2018/2019
7
www.sabesp.com.br
Mario Azevedo de Arruda SampaioHead of Capital Markets and Investor [email protected]+55 (11) 3388-8664
Angela Beatriz AiroldiInvestor Relations [email protected]+55 (11) 3388-8793
IR Contacts