2. 2
Highlights
792 km network built since the beginning of the year;
More than 118,000 UDA's connected in 12 months;
Volume of gas in the residential segment was 12.3% higher than 9M10;
9.8% increase in the number of meters compared to 9M10;
Disbursement of $ 365 million for investment in expansion; and
Approval of R$ 417.8 million as shareholder remuneration.
9. Fornecimento de Gás Natural: CONTRATOSNatural Gas Supply
Firm GSA: Comgás buys natural gas from Petrobras and distributes to existing markets receiving its distribution margin. the Natural Gas
couldn’t be interrupted;
Firm Flexible Agreement: under this type of agreement, Petrobras supplies natural gas or indemnifies clients for the additional costs
incurred due to the consumption of an alternative fuel. Gas supply may be interrupted at the discretion of Petrobras, but with no risk of
supply cuts for Comgás consumers. Petrobras will also bear the cost of the financial impacts incurred by Comgás and the clients in
question;
10. 10
Financial Results
In BRL thousand
1,097,862 1,011,469 1,084,078 8.54% 1.27% 3,034,676 3,045,127 -0.34%
-814,483 -705,066 -642,142 15.52% 26.84% -2,163,474 -1,898,412 13.96%
283,379 306,403 441,936 -7.51% -35.88% 871,202 1,146,715 -24.03%
-96,867 -85,203 -85,822 13.69% 12.87% -270,494 -229,056 18.09%
219 -122 -4,969 N.A. N.A. -519 -4,963 N.A.
186,731 221,078 351,145 -15.54% -46.82% 600,189 912,696 -34.24%
-60,860 -58,756 -52,392 3.58% 16.16% -177,158 -155,726 13.76%
-66,174 -42,875 -37,032 54.34% 78.69% -140,726 -100,690 39.76%
59,697 119,447 261,721 -50.02% -77.19% 282,305 656,280 -56.98%
40,397 92,344 188,335 -56.25% -78.55% 200,984 452,658 -55.60%
According to the last accounting legislation (unaudited figures)
122,469 69,910 102,147 75.18% 19.89% 224,820 186,797 20.36%
311,432 294,184 250,997 5.86% 24.08% 835,311 726,548 14.97%
122,166 139,614 121,536 -12.50% 0.52% 352,183 332,511 5.92%
3Q11 2Q11 3Q10
D
3Q11/2Q11
D
3Q11/3Q10
9M11 9M10
D
9M11/9M10
Net Sales Revenue
Cost of Goods Sold and/ or Services Rendered
GROSS RESULT
Selling General and Adm. Expenses
Other Operating Result
EBTIDA
EBITDA
Depreciation and Amortization
Financial Results
NET INCOME
OPERATING RESULT
NET INCOME
Current Account
11. 3Q11 2Q11 3Q10 9M11 9M10
10.4 10.0 11.7 Equity per Share ($) 10.4 11.7
0.3 0.8 1.6 Earnings per Share ($) 1.7 3.8
1.4 1.2 1.0 Net Debt per Equity (x) 1.4 1.0
2.3 1.7 1.0 Net Debt per EBITDA (x) 1.9 1.1
0.7 0.6 0.8 Current Ratio (x) 0.7 0.8
25.8% 30.3% 40.8% Gross Margin (%) 28.7% 37.7%
3.7% 9.1% 17.4% Net Margin (%) 6.6% 14.9%
17.0% 21.9% 32.4% EBITDA Margin (%) 19.8% 30.0%
3.8% 9.4% 19.2% Return on Assets (%) 6.3% 15.4%
13.0% 30.7% 53.8% Return on Equity (%) 21.6% 43.1%
According to the last accountability legislation (unauditaed figures)
40.3% 40.7% 33.6% Gross Margin (%) 39.5% 33.5%
12.1% 15.0% 12.0% Net Margin (%) 12.6% 11.6%
30.7% 31.5% 24.7% EBITDA Margin (%) 29.8% 25.3%
11
Financial Indicators
13. D = 111
Evolução do Saldo do Conta Corrente
D = 102
D = 73
D = 61
D = 204
D = 17
InR$Millons
D = 123
D = 68
Regulatory Current Account Balance Evolution
D = 32
D = 70
Balance of Gas bill receivables: Cash Effect
D = 123
14. Investimentos
In R$ millions
Main Projects:Network Extension (in thousands):
Dec /10: 6,900 Km
Sep/11: 7,692 Km
D: 792 Km
New Projects:
Investments
Over R$ 3.9 billion invested in the period
*Note: From 2009 amounts accounted on IFRS
Taubaté
Campinas
São Bernardo do Campo
Guarulhos
Santos
Mogi das Cruzes
Jundiaí
Santo André
Piracicaba
Hortolândia
9M
7.7
17. 17
The forward-looking statements in this report related to
the outlook for the business, estimated financial and
operating results and growth prospects of COMGAS are
merely projections and, as such, are based exclusively
on management expectations regarding future
performance. These expectations depend substantially
on market conditions and the performance of the
Brazilian economy, the business sector and the
international markets, and are therefore subject to
change without prior notice.
