August 21, 2014 4:30 PM ET

Electric Utilities

Company Overview of Neoenergia SA

Company Overview

Neoenergia S.A. is engaged in the generation, transmission, distribution, trade, and commercialization of electric energy in Brazil. The company produces electricity from hydroelectric and thermoelectric power plants. It also provides consulting and energy management services. The company has an installed capacity of approximately 1,558 megawatts; and operates approximately 300 miles of transmission lines. It distributes electricity to approximately 37 million people in the states of Bahia, Pernambuco, and Rio Grande do Norte. The company was founded in 1997 and is headquartered in Flamengo, Brazil.

Praia do Flamengo 78

4th Floor

Flamengo, RJ 22210-904

Brazil

Founded in 1997

Phone:

55 21 3235 9800

Key Executives for Neoenergia SA

Chief Executive Officer and Member of the Executive Board
Chief Financial Officer
Chief Distribution Officer and Member of the Executive Board
Human Resources Executive Officer and Member of The Executive Board
Generation Executive Officer and Member of The Executive Board
Compensation as of Fiscal Year 2014.

Neoenergia SA Key Developments

Neoenergia Reports Earnings Results for the First Quarter of 2014

Neoenergia reported earnings results for the first quarter of 2014. For the quarter, the company reported net profit of BRL 125.7 million, a 63.29% year-on-year slump. Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped by 36.5% to BRL 451.6 million. Net revenue shrank by 3.3% to BRL 2.7 billion.

Neoenergia Announces Earnings Results for the Year 2013

Neoenergia announced earnings results for the year 2013. For the year, the company posted net income of BRL 877.1 million, down 16% on the year amid rising debt and tumbling cash flow. Operating revenue dipped 9% to BRL 10.6 billion, while EBITDA fell 6% to BRL 2.14 billion.

Neoenergia Announces Earnings Results for the Third Quarter of 2013

Neoenergia announced earnings results for the third quarter of 2013. For the quarter, the company recorded a net profit of BRL 184 million for the third quarter of 2013, down 23.2% year-on-year. Earnings before interest, tax, depreciation and amortization (EBITDA) for the quarter slipped by 19.8% to BRL 467 million. The company's gross revenue totaled BRL 3.422 billion, an annual fall of 13.5%. Net revenue shrank by 12% in annual terms of BRL 2.532 billion.

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