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Net Regulatory Income (Q3 2024): Up 3.4% year-on-year.
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Regulatory Costs and Expenses: Down 5.1% year-on-year.
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Adjusted Regulatory EBITDA: Up 5.3% year-on-year.
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Net Regulatory Income (9 months 2024): Up 2.2%, totaling 790.8 million BRL.
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Regulatory EBITDA (Q3 2024): Down 1.2%, amounting to 486.7 million BRL.
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EBITDA Margin (Q3 2024): Decreased from 82.5% to 82.3%.
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Net Regulatory Income (Q3 2024): Down 5.9%, amounting to 307.3 million BRL.
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IFRS Net Income (Q3 2024): Up 45%, totaling over 400 million BRL.
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Net Debt: Approximately 11 billion BRL.
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Dividend Distribution: 230.5 million BRL, about 75% of the net regulatory income for the quarter.
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Debenture Issuance: 400 million BRL at CDI cost plus 55 basis points, maturity of seven years.
Release Date: November 07, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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Transmissora Alianca de Energia Eletrica SA (BSP:TAEE11) reported a 3.4% increase in net regulatory income on a recurring basis for Q3 2024.
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The company successfully issued debentures worth 400 million reais with favorable terms, indicating strong financial management.
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Transmissora Alianca de Energia Eletrica SA (BSP:TAEE11) acquired Lot 3 in a transmission bidding, which is expected to bring synergies and growth potential.
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The company distributed dividends of 230.5 million reais, maintaining a payout ratio of 75% of net regulatory income.
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Transmissora Alianca de Energia Eletrica SA (BSP:TAEE11) achieved a high operational availability rate of 99.5%, demonstrating strong operational performance.
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The regulatory income decreased by 1% year-on-year, reflecting some challenges in revenue growth.
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EBITDA was down 1.2% for the quarter, indicating pressure on profitability.
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The company faced non-recurring effects that negatively impacted financial comparisons, such as variable portion reversals and complementary revenue adjustments.
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There was a 5.9% decline in net regulatory income for the quarter, highlighting financial pressures.
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The company is dealing with external challenges such as delays in environmental licensing, which could impact project timelines.
Q: How does the company see the capacity for growth and investments for the next years as we approach the end of some concessions? A: Rinaldo Pecchio, CEO, explained that the company is working on investments to replenish part of their RAP (Annual Permitted Revenue). They have less than 3 billion in execution, which will help increase future revenue. The company is open to opportunities that make sense within their indebtedness levels and has adjusted dividends to support future growth capacity.