apresentacao 4 t11_ingl

© Todos os direitos reservados para CTEEP

2011 Results

Presentation

São Paulo, March 16th 2012


2 2

Schedulle

2011 Results

2011 Results Presantion

CTEEP

Capital Market Performance


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CTEEP Profile


Responsible for the annual transportation of 30% of all electricity produced in the country, 60% of the energy consumed in the Southeast Region

The largest private sector concessionaire operating a public utility service for the transmission of energy in Brazil, controlled by ISA, one of the largest energy transmission groups in Latin America.

12,993 Km of transmission lines;

18,782 Km of Circuits;

2,488 Km of optic fiber cables ;

106 substations.


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Expansion of National Territory


Itapeti Substation: 345/88 KV Investiments: R$ 43 million RAP: R$ 4.4 million

São Paulo

Expertise in two new states, totaling 14 ; 653 km of lines Investiments: R$ 650 million RAP: R$ 68.9 million

In 2011, R$ 219.0

million of investments at New Connections and

Type 1 and 2 Complementary Projects.


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Schedulle


CTEEP

2011 Results



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Gross Operating Revenue


319.1 298.2 300.4

693.8

1,103.7

126.9 138.3 130.1

442.5

555.1

327.0561.5

356.4

1,398.2

1,590.0

5.1

4.1

7.6

17.0

19.9

4Q10 3Q11 4Q11 2010 2011

Construction Operation and Maintenance Financial Others

778.2

(R$ million)

794.51,002.2

2,551.4

3,268.7


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Net Operating Revenue


685.1

896.5

706.5

2,256.3

2,900.8

100.0

600.0

1,100.0

1,600.0

2,100.0

2,600.0

4Q10 3Q11 4Q11 2010 2011

Net Revenue(R$ million)


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Maintenance Services Costs and Operating Expenses


(R$' 000) 4Q11 3Q11 4Q10Change %

4Q11/3Q11

Change %

4Q11/4Q102011 2010

Change %

2011/2010

Personnel (44,319) (45,661) (42,425) -2.9% 4.5% (169,516) (163,564) 3.6%

Material (137,144) (210,077) (214,497) -34.7% -36.1% (703,797) (423,459) 66.2%

Leases and rentals (2,205) (1,893) (1,787) 16.5% 23.4% (8,298) (6,933) 19.7%

Services (201,528) (93,881) (141,549) 114.7% 42.4% (422,100) (341,022) 23.8%

Other (4,701) (6,402) 8,457 -26.6% -155.6% (19,698) (13,292) 48.2%

Total (389,897) (357,914) (391,801) 8.9% -0.5% (1,323,409) (948,270) 39.6%

Cost of Services


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General and Administrative Expenses


(R$' 000) 4Q11 3Q11 4Q10Change %

4Q11/3Q11

Change %

4Q11/4Q102011 2010

Change %

2011/2010

Personnel (10,179) (10,649) (9,903) -4.4% 2.8% (41,235) (38,028) 8.4%

Material (394) (435) (955) -9.4% -58.7% (1,481) (2,320) -36.2%

Leases and rentals (1,037) (1,638) (880) -36.7% 17.8% (4,878) (3,728) 30.8%

Services (14,064) (11,767) (16,272) 19.5% -13.6% (45,659) (39,660) 15.1%

Depreciation (1,405) (1,582) (1,625) -11.2% -13.5% (6,138) (6,047) 1.5%

Contingencies 17,625 (1,035) (7,973) -1802.9% -321.1% (1,598) (31,522) -94.9%

Other (12,051) (3,661) 635 229.2% 1997.8% (26,028) (16,628) 56.5%

Total (21,505) (30,767) (36,973) -30.1% -41.8% (127,017) (137,933) -7.9%

General and Administrative Expenses


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Ebitda e Ebitda Margin


257.9

509.4

296.5

1,176.1

1,456.5

37.7%56.8%

42.0%

-400.0%

-300.0%

-200.0%

-100.0%

0.0%

100.0%

200.0%

300.0%

400.0%

1.0

351.0

701.0

1,051.0

1,401.0

4Q10 3Q11 4Q11 2010 2011

Ebitda Ebitda Margin

52.1%50.2%


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Net Income

Earnings per share were R$ 1.07 in 4Q11 and R$ 6.00 in 2011


170.6

344.9

164.0

812.2

915.3

0.0

350.0

700.0

4Q10 3Q11 4Q11 2010 2011

Net Income

(R$ million)


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Capital Structure

At the end of 2011, net debt was R$ 2,564.1 million. At the end of 2011, the net debt to shareholders’ equity ratio was 56.5%.

(*) With swap of 103.5% of CDI (**) With swap of 98.3% of CDI (***) With performance bonus of 1.5%, the cost of debt is 8.5% per annum.


BNDES

TJLP + 2.3% year 6/15/2015 328,318 421,146

TJLP + 1.8% year 6/15/2015 196,251 160,605

IEMG TJLP + 2.4% year 4/15/2023 57,631 37,630 TJLP + 2.8% year 7/15/2012 229,947 185,134 TJLP + 2.8% year 7/15/2012 71,890 -

IESUL TJLP + 2.4% year 5/15/2025 9,568 -

PINHEIROS TJLP + 2.6% year 5/15/2025 125,434 - TJLP + 1.9% year 6/15/2026 48,282 - TJLP + 1.5% year 6/15/2026 42,217 -

Comercial Papers

5th Series - CTEEP CDI + 0.4% year 7/5/2012 316,885 -

4th Series - CTEEP CDI + 0.4% year 1/12/2012 223,048 -

Debentures

1st Issuance CDI + 1.3% year 12/15/2014 490,736 490,405

2sd Issuance IPCA + 8.1% year 12/15/2017 67,117 65,388

Single Series CDI + 6.5% year 9/15/2012 221,608 -

BanksUSD + 4% year * 4/26/2013 122,077 -

USD + 2.1% year ** 10/21/2013 159,116 - CDI + 2.0% year 10/21/2013 4,365 1,396

10.0% year - 55,898 56,094 IESUL CDI + 1.5% year 5/19/2030 - 8,297

Eletrobras 8% year 11/15/2021 391 441 Leasing - - 619 1,702

2,771,398 1,428,238TOTAL CONSOLIDATED

2010

CTEEP

IENNE

FUNDING CHARGES MATURITY 2011

IEMADEIRA

SERRA DO JAPI

CTEEP

TJLP40.0%

CDI45.3%

IPCA2.4%

Others12.2%

Distribuition of

debt burdens

BNDES

40.0%

Comercial Papers

19.5%

Debentures

28.1%

Banks12.3%

Distribuition of

debtcontracting


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Schedulle


CTEEP


2011 Results


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Capital Market

185.1 thousand

trading transactions

in 2011 (743 daily

average traded).

Present on all trade

days;

Component of

Ibovespa;

R$ 9 billion market

capitalization.


0.0

5.0

10.0

15.0

20.0

25.0

Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11

Trading Financial 2011(R$ million)

Total R$ 1.796 milllion Daily Avarege: R$ 7.2 million


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Shareholder’s Remuneration

In fiscal year 2011, CTEEP paid out R$ 254.5 million as interest on

shareholders’ equity, corresponding to R$ 1.67 per share for both types of share

and R$ 503.1 million as dividends equivalent to R$ 3.31 per share, again for

both types.


EVENT DATE TOTAL P/SHARE

JCP 64,158,159.95 0.420264

Dividends 169,841,944.86 1.112539

JPC 61,228,528.25 0.403273

Dividends 172,771,510.36 1.137935

JCP 63,460,717.92 0.417975

Dividends 160,524,955.66 1.057275

RCA 3/31/2011 JCP 65,692,755.70 0.432676 4/29/2011

757,678,572.70 4.981937

10/31/2011

7/28/2011

Total of payment 2011

AUTHORIZEDTYPE

AMOUNT R$DATE OF PAYMENT

1/30/2012

FISCAL YEAR

2011

RCA

RCA

RCA

12/21/2011

9/30/2011

6/30/2011


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Disclaimer

All statements contained herein with regard to the Company’s

business prospects, projected results and the potential growth

of its business aremere forecasts, based on local management

expectationsin relation to the Company’s future performance.

Dependent as they are on market shifts and on the overall

performance of the Brazilian economy and the sector

and international markets, such estimates

are subject to changes.


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CTEEP – Companhia de Transmissão de Energia Elétrica Paulista

Investor Relations Phone: 55 11 3138-7557

[email protected] www.cteep.com.br/ri

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