2. Disclaimer
This presentation may include forward-looking statements of future events or results according to regulations of the
Brazilian and international securities and exchange commissions. These statements are based on certain assumptions
and analysis by the company that reflect its experience, the economic environment and future market conditions and
expected events, many of which are beyond the control of the company. Important factors that may lead to significant
differences between the actual results and the statements of expectations about future events or results include the
company’s business strategy, Brazilian and international economic conditions, technology, financial strategy, public
service industry developments, hydrological conditions, financial market conditions, uncertainty of the results of future
operations, plans, objectives, expectations and intentions, among others. Considering these factors, the actual results
of the company may be significantly different from those shown or implicit in the statement of expectations about future
events or results.
The information and opinions contained in this presentation should not be understood as a recommendation to potential
investors and no investment decision is to be based on the veracity, current events or completeness of this information
or these opinions. No advisors to the company or parties related to them or their representatives shall have any
responsibility for whatever losses that may result from the use or contents of this presentation.
This material includes forward-looking statements subject to risks and uncertainties, which are based on current
expectations and projections about future events and trends that may affect the company’s business. These statements
include projections of economic growth and energy demand and supply, as well as information about the competitive
position, the regulatory environment, potential opportunities for growth and other matters. Several factors may
adversely affect the estimates and assumptions on which these statements are based.
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3. Highlights
3Q09: EBITDA of R$ 364 million and Net Income of R$ 120 million
Energy volume sold by generation business totaled 2,060 GWh, 30% up on
3Q08 as a result of the asset Swap operation;
Commercialized energy reported record sales: volume + 36% in 3Q09 vs. 3Q08;
Net Revenue of R$ 1,183 million, 2% up on 3Q08;
Manageable expenses down 8%: dropping for the seventh quarter in a row;
BNDES disburses R$700 million long term finance for Pecém I;
Aneel approves EDP Escelsa’s Tariff Reset and Tariff Readjustment Index;
Aneel approves EDP Bandeirante’s Tariff Reset and Tariff Readjustment Index.
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5. Consolidated Performance
Net Revenue (R$ million) Net Revenue Breakdown (3Q09)
-2%
3,492 3,416
19%
Generation
Distribution
+2% 17%
1,155 1,183 Commercialization
64%
3Q08 3Q09 9M08 9M09
Generation
↑30.2% in volume of energy sold; ↑3.2% in average price
Distribution
Elimination of Enersul; ↑1.1% in volume of energy sold to final costumers; ↑ of average tariffs
Commercialization
↑36.4% in volume of commercialized energy, ↓ 1.9% in average price
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7. Consolidated Performance
EBITDA (R$ million) and Margin (%) EBITDA Breakdown (3Q09)
48%
30.8% 30.7% 3%
30.3% 30.3% Generation
1,057 1,049
Distribution
351 364 Commercialization
49%
3Q08 3Q09 9M08 9M09
Net Income (R$ million) and Margin (%) Adjusted Net Income (R$ million) and Margin (%)
13.2% 13.2%
12.0%
10.5% 10.5%
10.2% 10.2%
8.3% 450 450
418
288
121 120 121 120
3Q08 3Q09 9M08 9M09 3Q08 3Q09 9M08 9M09 7
8. Capex
Capex (R$ million) Capex Breakdown (3Q09)
3Q09 3Q08 Chg.%
Distribution 86.0 123.3 -30.2 50% Generation
Bandeirante 33.8 54.0 -37.3 Pecém Distribution
Escelsa 52.2 49.4 +5.6 Commercialization
49%
Enersul - 19.9 n.a.
Generation 85.2 24.8 +244.4 1%
Enerpeixe 9.6 2.9 +237.9
Energest 13.1 22.2 -41.1
Lajeado / Investco 3.6 3.5 +2.8
Santa Fé -16.9 -3.8 +344.7 EDP Energias do Brasil’s Capex well
Pecém 75.8 0.0 n.a. distributed between the business
Other 1.2 -1.7 n.a. segments: distribution (50%) and
TOTAL 172.4 146.3 +17.8
generation (49%)
Pecém represents 89% of the
generation Capex
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9. Debt
Debt Evolution (R$ million) Gross Debt Breakdown (Sep/09)
2,974 54% Floating Taxes*
4%
2,403 2,402
1,270 (457) 5% TJLP
(114)
US$
1,704
Fixed Rates
* Includes CDI and IGPM
Gross Debt Cash Regulatory Net Debt Net Debt 37%
Sep/09 Assets / Sep/09 Jun/09
Liabilities
Long Term Short Term
Debt Maturity Schedule* (R$ million) Net Debt (R$ million) e Net Debt/EBITDA* (x)
917 2,390 2,402 2,403
2,348
763 757
622
461** 1,680
479
353
457 1.8x 1.8x 1.8x
1.4x 1.8x
Cash (sep/09) 2009 2010 2011 2012 After 2012 sep/08 dec/08 mar/09 jun/09 sep/09
* Values include principal + interest + results from hedge operations * EBITDA of the last 12 months 9
** Shares in treasury as of market price on September 30th, 2009
10. Debt
Disbursement of R$700 million BNDES long-term finance for Pecém TPP
Amortization of R$28 million of Enerpeixe’s project finance
Short-Term Debt Breakdown (R$ million)
917
91 622
461*
39
255
236
457
Cash & Bridge Loan Credit Line Distribution Generation 2009 Total
Marketable Pecém
Securities
(Sep/09)
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* Shares in treasury as of market price on September 30th, 2009
11. Credit Line
Besides these short term credit lines, EDP Energias do Brasil has other lower value pre-
approved credit lines
(R$ million) Approved Credit Lines (sep-09)
Limit date to
Institution Total approved Used Available use the
resource
BNDES - CALC 900 0 900 2014
BNDES – BID (Porto do Pecém TPP) 2,000 700 1,300 2009
BEI 270* 0 270 2012
BNDES (Santa Fé SHP) 76 64 12 2009
Total Credit Limits 3,246 764 2,482 -
* Credit line totaled EUR 90 million (EUR45 each distribution company)
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