Presentation 4 q11

2011 Results Presentation

© Todos os direitos reservados para CTEEP

São Paulo, March 16th 2012

Schedulle

2011 Results

CTEEP

Capital Market Performance

© Todos os direitos reservados para CTEEP 222011 Results Presantion


CTEEP Profile

Responsible for the annual transportation of 30% of all electricity produced in the country,

�12,993 Km of transmission lines;

�18,782 Km of Circuits;

�2,488 Km of optic fiber cables ;

�106 substations.


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.

Expansion of National Territory

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


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

São Paulo

� In 2011, R$ 219.0

million of investments atNew Connections and

Type 1 and 2

Complementary Projects.

Schedulle

CTEEP

2011 Results


2011 Results


Gross Operating Revenue

1,398.2

1,590.017.0

19.9

(R$ million)

2,551.4

3,268.7


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

5.1

4.1

7.6

4Q10 3Q11 4Q11 2010 2011

Construction Operation and Maintenance Financial Others

778.2 794.51,002.2

Net Operating Revenue

2,256.3

2,900.8

1,600.0

2,100.0

2,600.0

Net Revenue(R$ million)


685.1

896.5

706.5

100.0

600.0

1,100.0

1,600.0

4Q10 3Q11 4Q11 2010 2011

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%

Cost of Services


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%

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%

General and Administrative Expenses


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%

Ebitda e Ebitda Margin

1,176.1

1,456.5

37.7%56.8%

42.0%100.0%

200.0%

300.0%

400.0%

1,051.0

1,401.0

52.1%50.2%


257.9

509.4

296.5

-400.0%

-300.0%

-200.0%

-100.0%

0.0%

1.0

351.0

701.0

4Q10 3Q11 4Q11 2010 2011

Ebitda Ebitda Margin

Net Income

812.2

915.3

700.0

Net Income(R$ million)

© Todos os direitos reservados para CTEEP 1111

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

2011 Results Presantion

170.6

344.9

164.0

0.0

350.0

4Q10 3Q11 4Q11 2010 2011

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%.

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 -

2010

CTEEP

FUNDING CHARGES MATURITY 2011

IEMADEIRA

SERRA DO JAPI

TJLP40.0%

CDI45.3%

IPCA2.4%

Distribuition of debt burdens


(*) 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.


4 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 -

Banks

USD + 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

IENNE

CTEEP

Others12.2%

BNDES40.0%

Comercial Papers19.5%

Debentures28.1%

Banks12.3%

Distribuition of

debtcontracting

Schedulle

CTEEP

2011 Results



Capital Market

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


� 185.1 thousand trading transactions in 2011 (743 daily average traded).

� Present on all trade days;

� Component of Ibovespa;

� R$ 9 billion market capitalization.


Shareholder’s Remuneration

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

10/31/2011

7/28/2011

AUTHORIZEDTYPE

AMOUNT R$DATE OF PAYMENT

1/30/2012

FISCAL YEAR

2011

RCA

RCA

RCA

12/21/2011

9/30/2011

6/30/2011


� 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.


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

7/28/2011

Total of payment 2011

RCA 6/30/2011

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.


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.


CTEEP – Companhia de Transmissão de Energia Elétrica Paulista

Investor RelationsPhone: 55 11 3138-7557

[email protected]/ri

Presentation 4 q11

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