ENGIE Brasil Energia’s earnings surpass R$ 2 bi
Ebitda reached R$ 3,519.5 million, 10.8% more than 2016. Another positive indicator was net revenue at R$ 7,010 million in 2017, a year-on-year increase of 8.8%. The Board of Directors approved a proposed credit to shareholders of R$ 636.8 million in complementary dividends (R$ 0.9755/share), to be ratified by the Annual General Meeting, and equivalent to a 100% payout of earnings for fiscal year 2017.
“We are satisfied with the results from the execution of our sustainable growth strategy, the enhanced capture of value of our assets, decentralization, decarbonization and digitization”, declares ENGIE Brasil Energia’s CEO, Eduardo Sattamini. He points out that management strategy based on portfolio diversification and equilibrium between short-, medium- and long-term operations has reduced the impact of one of the results of the MRE already highlighted by the sector with GSF at 79.7%. Such portfolio management reduced the necessity of buying energy at unfavorable prices. “We continue working to transmit still greater trust to our stakeholders and to generate still more positive results in 2018”.
Important acquisitions characterized the year, adding 1,437 MW to capacity either already installed or under development. Especial mention should be made of the hydroelectric plants of Miranda (408 MW) and Jaguara (424 MW), for both of which the Company offered the winning bid at a recent auction. The two plants are situated in the state of Minas Gerais and have already contributed revenue in the fourth quarter. Finally, the Umburanas Wind Complex project in Bahia (605 MW, of which 360 MW is already under construction) reinforces ENGIE’s global strategy of increasing the Company’s footprint in the market for unconventional sources of renewable energy. In 2017, energy selling volume was 35,761 GWh (4,082 aMW), 3.1% greater in average MW than was transacted in 2016.
NEW BUSINESS – The Company also made its debut in the transmission segment in December last, making the winning bid for a lot with 1,050 kilometers of high voltage lines together with five substations in the state of Paraná. “Investments in electric energy transmission is totally aligned with ENGIE’s strategy since it provides diversification to our asset portfolio in Brazil through investments in infrastructure with guaranteed long-term revenue flows indexed to local inflation and thus increasing the predictability of the Company’s cash generation”, says Sattamini. “By making for greater system efficiency, the new transmission line will contribute to reducing greenhouse gas emissions”, he adds.
SOLAR ENERGY – In December 2017, Assu V Solar Plant went into commercial operations in the state of Rio Grande do Norte adding 30 MW to installed capacity. The investment in the project is worth approximately R$ 220 million.
DECARBONIZATION – Market soundings proceed for identifying potential purchasers for the Jorge Lacerda Thermoelectric Complex (in the state of Santa Catarina) and the Pampa Sul Thermoelectric Power Plant (in the state of Rio Grande do Sul). One of the potential acquirers has signed an exclusivity agreement to conduct due diligence on the assets.
SUSTAINABILITY – Recognition received by the Company reflects its good results. For the thirteenth consecutive year, ENGIE Brasil Energia was included as a component of the Business Sustainability Stock Index (ISE), of which it has been a part since inception in 2005. In January 2018, ENGIE Brasil Energia was included in a ranking of 100 of the most sustainable global companies, being placed 52nd out of nearly 6 thousand publicly held companies in the world.
ABOUT ENGIE
ENGIE is a global reference in low-carbon energy and services. With its 97,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose (“raison d’être”), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. Turnover in 2022: 82.6 billion Euros.
In Brazil, ENGIE, leader in 100% renewable power generation in the country, operates in generation, commercialization and transmission of electric power, gas transport and energy solutions. The Company
has in the country an installed capacity of 12,5 GW, originated from renewable sources and with low GHG emissions, such as hydro, solar and biomass power plants, and windfarms.
With the acquisition of Transportadora Associada de Gás – TAG, ENGIE now also owns the largest natural gas transportation network in the country, at 4,500 km and transecting 10 states and 191 cities.
The Group has a complete portfolio of integrated solutions focused on reducing costs and improving the infrastructure for companies and cities, such as energy efficiency, public lighting, energy monitoring and management.
With 2,800 employees, ENGIE’s turnover in Brazil in 2023 was of R$ 11.7 billion. ENGIE trades on the B3 through its energy generation and trading company, ENGIE Brasil Energia, under the ticker EGIE3. In addition to being a B3 Novo Mercado component, the Company is one of the very few companies that have been listed in the Business Sustainability Index since its creation in 2005. In 2021, ENGIE Brasil Energia was included in the Carbon-Efficient Index (ICO2), made up of IBrX 100 companies that are most transparent in terms of GHG emissions reporting and how they are preparing for a low-carbon economy.
The company also received in May 2024 the certification Great Place to Work, a recognition which validates the continuous commitment of the company to create a positive and inclusive work environment for all.
The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris – Europe 120/France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).