LIGHT SA Rio de Janeiro, July 20, 2015 - Light S.A. (BMF&BOVESPA: LIGT3) discloses a preview of operating information regarding the distribution, generation and commercialization/services segments for the second quarter of 2015 (2Q15).
1. Operating HighlightsOPERATING INDICATORS - DISTRIBUTION 2Q15 2Q14 Var. %
Nº of Consumers (thousand) 4,269 4,156 2.7% Nº of Employees 4,290 4,268 0.5% Average provision tariff - R$/MWh 608 423 43.9% Average provision tariff - R$/MWh (w/out taxes) 423 293 44.3% Average energy purchase cost¹ - R$/MWh 186 153 21.5% OPERATING INDICATORS - GENERATION 2Q15 2Q14 Var. %
Installed generation capacity (MW)* 990 961 3.0% Assured energy (MW)* 703 698 0.7% Pumping and internal losses (MW) 87 87 - Available energy (Average MW)* 616 611 0.8% Net Generation (GWh) 737 944 -22.0% Load Factor 62.6% 62.4% 0.3 p.p.
¹Does not i ncl ude purcha s e i n the s pot ma rket
* Incl udes proporti ona te s ha re of a s s oci a tes
2. Distribution MarketElectricity consumption (GWh)
Total market - Quarter
6,500
1,325
-0.8%
6,448
1,326
-1.0%
2,128
2,128
-4.6%
2,030
2,030
2,018
226
1,793
+2.8%
2,075
225
1,850
1,389
1,045
344
-1.3%
1,371
1,046
325
964
54
910
+0.8%
972
55
917
5,176
5,122
2Q14
2Q15
2Q14
2Q15
2Q14
2Q15
2Q14
2Q15
2Q14
2Q15
RESIDENTIAL
COMMERCIAL
INDUSTRIAL
OTHERS TOTAL
Free
Captive
OPERATING PREVIEW Total energy consumption in Light SESA's concession area (captive clients + transport of free clients) in 2Q15 was of
6,448 GWh, a decrease of 0.8% in comparison to 2Q14, reflecting the fall in the residential (-4.6%) and industrial
(-1.3%) segments.
Electricity consumption (GWh)
Total market - Semester
13,874
2,582
0.0%
13,870
2,541
+0.3%
4,880
4,880
-0.9%
4,835
4,835
4,285
458
3,827
+3.3%
4,426
465
3,961
2,719
2,014
-3.3%
2,630
1,963
1,990
109
1,880
-0.6%
1,978
112
1,866
11,292
11,329
RESIDENTIAL
COMMERCIAL
INDUSTRIAL
OTHERS TOTAL
Free
Captive
Total energy consumption in Light SESA's concession area (captive clients + transport of free clients) in1H15 was of
13,870 GWh, in line with 1H14.
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OPERATING PREVIEW Energy BalanceDISTRIBUTION ENERGY BALANCE - GWh
Position: January - June 2015
PROINFA
Residential
255,1 4.835,4
ITAIPU (CCEE)
2.526,4
Own load
Light
Captive Billed Industrial
Energy 666,9
11.329,1
Commercial
AUCTIONS (CCEE)
Required E. (CCEE)
15.534,8 3.960,8
Energy
4.405,5 15.980,7 Balance¹ Others
4.205,7 1.865,9
NORTE FLU (CCEE)
3.150,1
OTHERS(*) (CCEE)
1.413,5
Basic netw. Losses 266,8
DIT Losses (**) 179,2
COTAS
3.788,1
ANGRA I & II
441,9
(*) Others = Purchase in Spot - Sale in Spot.
(**) Other transmission lines with less than 230 Kv
Note: 1) At Light S.A., there is intercompany power purchase/sale elimination.
2) Power purchase data as of 07/08/2015 (subject to change).
Energy Balance (GWh) | 2Q15 | 2Q14 | Var. % | 1H15 | 1H14 | Var. % |
= Grid Load 8,623 8,797 -2.0% 19,356 19,741 -2.0%
- Energy transported to utilities 572 612 -6.5% 1,228 1,226 0.1%
- Energy transported to free customers 1,320 1,261 4.7% 2,593 2,545 1.9%
= Own Load 6,731 6,924 -2.8% 15,535 15,970 -2.7%
- Captive market consumption 5,122 5,176 -1.0% 11,329 11,292 0.3% Low Vol tage Market 3,399 3,471 -2.1% 7,711 7,701 0.1% Medi um Vol tage Market 1,723 1,704 1.1% 3,619 3,591 0.8%
= Energy Balance¹ 1,609 1,748 -8.0% 4,206 4,678 -10.1%
1 Energy Balance = own load - captive Market consumption
Losses = energy balance + variation in non-billed energy
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OPERATING PREVIEW CollectionCOLLECTION RATE BY SEGMENT
Quarter
104.2% 103.5%
105.1%
104.5%
101.8% 102.9%
108.1%
97.8% 101.7% 99.4%
97.3%
80.3%
Total
Retail
Large Costumers
Public Sector
2Q13 2Q14 2Q15
COLLECTION RATE BY SEGMENT
Semester
102.5% 98.7%
94.0%
102.0% 98.4%
95.9%
103.4% 100.3%
97.5%
102.5%
96.3%
78.7%
Total
Retail
Large Costumers
Public Sector
1H13
1H14
1H15
The collection rate in 2Q15 reached 97.8% of billed consumption, 5.7 p.p. lower than 2Q14, mainly due to collection
rates in the Public Sector. In 1H15, collection rate was of 94.0% of billed consumption, 4.7 p.p. below 1H14.
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OPERATING PREVIEW Operating QualityDEC e FEC - 12 MONTHS
-3.1%
14.08
13.65
7.12
-6.2%
6.68
DEC
jun-14
FEC
jun-15
In the last 12 months, the moving average of the equivalent length of interruption indicator (DEC), expressed in hours, registered 13.65 hours.
In the last 12 months, the moving average of the equivalent frequency of interruption indicator (FEC), expressed in occurrences, stood at 6.68 times.
3. GenerationLIGHT ENERGIA (GWh) | 2Q15 | 2Q14 | Var. % | 1H15 | 1H14 | Var. % |
Free Contracting Environment Sales | 1,041.8 | 1,113.0 | -6.4% | 2,184.3 | 2,244.1 | -2.7% |
Spot Sales (CCEE) | (173.7) | (17.6) | 884.4% | (16.1) | 116.9 | - |
Total | 868.1 | 1,095.3 | -20.7% | 2,168.2 | 2,361.0 | -8.2% |
Light Energia sold 868.1 GWh in 2Q15, 20.7% lower than the 1,095.3 GWh sold in 2Q14. In 1H15, Light Energia sold
2,168.2 GWh, 8.2% below the 2,361.0 GWh sold in 1H14.
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OPERATING PREVIEW 4. Commercialization and ServicesVolume of Energy Sold
(GWh)
2,651.5
-1.8%
2,602.9
1,313.5
-4.0%
1,261.0
2Q14
2Q15
1H14
1H15
In the second quarter of 2015, the volume of energy sold by Light Com and Light Esco totaled 1,261.0 GWh, 4.0%
below the 1,313.5 GWh sold in 2Q14. In 1H15, the sale of energy totaled 2,602.9 GWh, 1.8% below the 2,615.5
GWh sold in 1H14.
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OPERATING PREVIEW 5. Disclosure ProgramSchedule
Teleconference
08/13/2015, Thursday, at 5:00 p.m. (Brasília Time) and at 4:00 p.m. (Eastern Time), with simultaneous translation to English
Access conditions:
Webcast: link on site www.light.com.br/ri (portuguese and english)
Conference Call - Dial number: Brazil: +55 (11) 2188 0155
USA: +1 (646) 843-6054
Other countries: +1 866 890 2584
Access code: Light
IR Team | ||
Contact | Phone |
Mariana da Silva Rocha | mariana.rocha@light.com.br | +55 21 2211-2814 |
Bruna Dutra Alvarenga | bruna.alvarenga@light.com.br | +55 21 2211-2660 |
Leonardo Dias Wanderley | leonardo.wanderley@light.com.br | +55 21 2211-2828 |
The operating information disclosed herein is a preview. Statements about future events are subject to risks and uncertainties. These statements are based on beliefs and assumptions of our Management, and on information currently available to the Company. Statements about future events include information about our intentions, beliefs or current expectations, as well as of the Company's Board of Directors and Officers. Exceptions related to statements and information about the future also include information about operating results, likely or presumed, as well as statements that are preceded by, followed by, or including words such as "believes", "might", "will", "continues", "expects", "estimates", "intends", "anticipates", or similar expressi ons. Statements and information about the future are not a guarantee of performance. They involve risks, uncertainties and assumptions because they refer to future events, thus depending on circumstances that might or might not occur. Future resul ts and creation of value to shareholders might significantly differ from the on es expressed or suggested by forward-looking
statements. Many of the factors that will determine these results and values are beyond LIGHT S.A.'s control or forecast capa city.
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