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                                                                                                                        GTD                           EDP Portugal
                                               Brasil                                                                                                                            e Wisteria Holdings                 Mercado
                                                                    96,50% do Capital Total                             Participações
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    Cidades:                  São Paulo              Cidades:        New York      Boston          Cidades:      London      Rotterdam
                              Rio de Janeiro                         Los Angeles Washington                      Frankfurt   Milan
                                                                     San Francisco San Diego
    Investidores visitados:   58                     Investidores visitados:      51               Investidores visitados:   29
     One-on-ones              25                      One-on-ones                 38                One-on-ones              20
     Group meetings           33                      Group meetings              13                Group meetings            9

    Hit ratio:                52%                    Hit ratio:                   51%              Hit ratio:                28%



                                               Abertura do volume financeiro por país/região
                                                                  Varejo Brasil
                                                                      3%



                                                       Brasil                           EUA
                                                       38%                              45%




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                                                                       14%



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A Trajetória até o Novo Mercado da Bovespa

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  • 10. 7 > ( #!" & & /& # * & & & ) ( & &) !" N 6 > A 6 O A '9 C + > #$ - O P+ ++ 7 & ) ( + & 7 ) : 7 +: D ) "E ( ' )5 490 '$ 471 : 470 ' ' ' E 450 5 '# ( 442 *#( + # "E ) " D ' 430 '**- E ' 421 (TWh) +: ' 410 403 '' H 390 383 ' 370 365 * 350 ) 2003 2004 2005E 2006E 2007E 2008E '**- '**) '*** ' # $ - ) > + ! 9 ? 6< . . + ++ ( & # & )# ' A F G$G !" '
  • 11. . A + ! ) # # & & # ?@ A @ H # ) 2+ ++ 7 !" ' 7 !" & & $ '& ' 5 ? 77 '& ) #' ' ' ) '& '$' I I " " # ) - # $ ' ' I # ' ' 3 < 7 B I 78 7 I< J! ! #K =4 B ? : , 8) G . ' , # " ' ! + ++ * # I & ) ' " )& ) !" ''
  • 12. 7 L "G F F + ( ! FM ? % @Q ( & # !" '
  • 13. + N 9 > , # - , & !" 7 R S ,& & & . = #!$ & @ H ) # ) 5 R( ( S T H # '
  • 14. < = 6F @ ) ) # # & ( = @ C Estrutura da @ =) # & ( ! ' ( & ) =) @> Q > Oferta @ 8 )& N ) =?P @ #& # ( ) = @+ >D #" N # ) C @F - - P & & " I +@IF F +@F !$ * N ! = @F C !" P @ , # !" 2 ( = I C D & #$ N + - ?D + !$ P Tamanho da @ ( &* #2 =C @ & #$ - N DD + +F @ !$ P Oferta # G( ) !" @ ( * G ( & !" & * N & !$ * = % ?P & F B> I !$ +> N C I #$ P = @> & - @ # ( & ' Demanda @ 7 & & I O> ) # @ 4 -U # 9 N P( & @> Lock up @ @F # ,& - # ) ' @ ( ! ( * ,& - Varejo @ 7 & = @>>& #$ C - >> D @ 7 & = @ ? & #" C - I ( @? * '#
  • 15. I : D: ,O , @> ( & # 9 ) : = H Cidades: São Paulo Cidades: New York Boston Cidades: London Rotterdam Rio de Janeiro Los Angeles Washington Frankfurt Milan San Francisco San Diego Investidores visitados: 58 Investidores visitados: 51 Investidores visitados: 29 One-on-ones 25 One-on-ones 38 One-on-ones 20 Group meetings 33 Group meetings 13 Group meetings 9 Hit ratio: 52% Hit ratio: 51% Hit ratio: 28% Abertura do volume financeiro por país/região Varejo Brasil 3% Brasil EUA 38% 45% Europa 14% '
  • 16. Q7 !B # & - *( # & 5 & # !" 2 # + ++ & VB N C& #$ P = - 73 83% O 57 @ + I B (8 & $ *" ( *8 #(8 5 ( #8 3 , " 2 7 ; )$'" (8 ( -8 $*5 @+?I > :P (8 '(8 3 $ 5 '(8 7 ; '5 (8 # '< * ! L 8 : A >/ 3 /4 >/ % . ' B> R ' + ++ ( & & '$
  • 17. > , 2 Desempenho das ações Base 100: 13/07/05 7 " 8 155,00 V=C 145,00 D N O O P @F @ 135,00 5 =? = @F C 125,00 N D P @?O O 7 # !" ) = # V =C 115,00 = @ F NB D P C OO BD I + 105,00 95,00 85,00 05 05 5 5 5 5 05 5 5 5 5 5 5 05 05 00 00 00 00 00 00 00 00 00 00 20 20 20 20 20 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 8/ 0/ 0/ 8/ 9/ /7 /7 /7 /8 /8 /8 /9 /9 /9 10 /0 /1 /1 3/ 7/ 13 20 27 10 24 31 14 21 28 5/ 17 12 19 ENBR3 Ibovespa L !5 =? 5 J, ' G-G " S '( #5 S( -5 S (5 ' S -5 -( < % S (5 S $5 ''( 6 % ? G G ' " D'-( '5 D ( )5 '-
  • 18. > 4 * = 83% NC = P 57 N C = P 5 #& +:' &- 5 * & $# 5 & & ) *5 -- ) +: -') &)*' & &$)* - - , " & $ # , " 2 2 & ** P # P : '& : '& ' D D # * # * # * # * 8 83% NC = P )# $5 , " ' ' - 2 ' - :P D " ' " D$) ' " " D'$* # * # * ')
  • 19. U UUU+ ) # &+ +