Presentation to Investors

Transcription

1 Presentation to Investors September 2011

2 Disclaimer This presentation may contain forward-looking statements, Such statements are not statements of historical facts but reflect the beliefs and expectations of our management and may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the U,S, Securities and Exchange Act of 1934, as amended, The words believe, may, will, estimate, continue, anticipate, intend, expect and similar words are intended to identify these statements, which necessarily involve known and unknown risks and uncertainties, Known risks and uncertainties include but are not limited to general economic, regulatory, political and business conditions in Brazil and abroad, interest rate fluctuations, inflation and the value of the real, changes in volumes and patterns of customer electricity usage, competitive conditions, our level of debt, the likelihood that we will receive payment in connection with accounts receivable, changes in rainfall and the water levels in the reservoirs used to run our hydroelectric facilities, our financing and capital expenditure plans, existing and future governmental regulation and other risks described in our registration statement and other filings with the United States Securities and Exchange Commission, Forward-looking statements speak only as of the date they are made and we do not undertake any obligation to update them in light of new information or future developments.

3 General Information Construction and Investment Plan Improvement actions

4 General Information

5 Eletrobras Largest electric power company in Latin America Generation Transmission Distribution Commercialization Implementing and Managing Social Programs and Sectorial Light for All - Luz para Todos Energy Conservation - Procel Alternative Sources- Proinfa Fund Management Fuel Consumption Account - CCC Global Reversion Reserve - RGR Energy Development Account- CDE 01

6 The Eletrobras Publicly traded Holding Focus on results Shareholders Remuneration; Transparency and governance Our vision To be the largest global corporate system of clean energy, with a return comparable to the best companies in the electricity sector, by 2020 Our Values Focus on results Entrepreneurship and innovation Commitment to people Ethics and Transparency 02

7 Construction and Investment Plan

8 Eletrobras Installed Capacity 42.1 GW in operation 36.8% of the Brazil s installed capacity Furnas Chesf Eletronorte Itaipu Eletronuclear CGTEE Amazonas Own investments (MW) 9,624 10,615 9,173 7,000 1, ,148 41,040 SPEs (MW) Physical Aggregation 1st Half 2011 Total MW Total 10,313 10,615 9,185 7,000 1, ,148 42,091 Physical Aggregation in 2011 Total Installed Capacity (MW) Candiota III 350 Oil and Gas= 8.7% Coal = 2.0% Nuclear = 4.7% Hydroeletric 84.6% 03

9 Belo Monte 11,233 MW Fev-15 Santo Antonio 3,150 MW Dez-11 Generation Under Construction Pedra Branca, São Pedro do Lago e Sete Gameleiras 90.0 MW Casa Nova 180 MW Miassaba MW Jirau 3,750 MW Mar-12 Dardanelos 261 MW 2011 HEU R$ Billion 20,157 MW ,405 MW MW São Domingos 48 MW Fev-12 João Borges 19.5 MW Mar-12 Mangue Seco II 26 MW Rei dos Ventos 1 e MW Batalha 52.5 MW Mai-13 Simplício MW Out-11 1 MW Total 22,092 MW Eletrobras 10,860 MW Concession 12,706 MW * * Due by 2015 Source : Eletrobras RIG April/2011 Passo São João 77 MW Jan-12 Cerro Chato I, II e III 90 MW Barra do Rio Chapéu MW Mar-12 Angra 3 1,405 MW Dez-15 Mauá 361 MW Mar-12 Megawatt Solar 1 MW Dez

10 Generation Basic Studies and Projects 2 Projects 151 MW 1 Project 134 MW 9Projects 14,042 MW 1 Project 1,328 MW 2 Projects 596 MW 1Project 350 MW Solar Thermal 1 MW Dez/ Projects 566 MW 3 Pojects 311 MW 6 Projects 889 MW Basic Project Feasibility Study Inventory Study Total R$ Bi 1,294 MW ,073 MW ,367 MW Main Projects S. Luiz do Tapajós PA 6,133 MW Bi Jatobá PA 2,338 MW 8.70 Bi Marabá PA 2,160 MW 4.75 Bi Serra Quebrada MA/TO 1,328 MW 3.98 Bi Jamanxim PA 881 MW 2.17 Bi Cachoeira do Caí PA 802 MW 2,24 Bi TOTAL 13,642 MW Bi Source : Eletrobras RIG April/

11 Eletrobras Transmission Lines 53,812Km approximately 55.0% of Brazil's transmission lines with voltage 230KV 345 Kv; 12% 230 Kv; 48% 525/500 Kv; 32% 750Kv; 5% 600Kv; 3% Furnas Chesf Eletronorte Eletrosul Amazonas Total Km Own Investments (Km) 17,050 17,914 8,726 8, ,306 SPEs (Km) ,661 Physical Aggregation 1st Half 2011 (Km) Physical Aggregation 1st Half 2011 SPEs (Km) Total 17,174 18,265 9,278 8, ,812 06

12 Eletrobras Transmission Lines Main projects In Partnership 8,470Km 17 enterprises associated TLs + SSs Fully Participating 1,4380Km 15 enterprises associated TLs + SSs Total 9,908 km 3,780 MVA 2,143 MVA 5,923 MVA TL = Transmission Line and SS = Substation Investment: R$ billion Allowed Annual Return (RAP): R$ 1.08 billion 07

13 Eletrobras System Distribution Companies Description Unit Acre Amazonas Alagoas Piauí Rondônia Roraima Total Realized in2011 Extension of distribution lines km 16,040 15,180 34,800 54,353 37,000 2, ,100 7,604 No. of Clients clients 201, , , , ,515 82,682 3,303,025 98,995 No. of served cities cities No. of substations Substations Extension of Distribution Lines No. of Clients 2% 9% 10% 23% 22% 34% Acre Amazonas Alagoas 15% 29% 2% 6% 21% 27% Piauí Rondônia Roraima 8

14 Energy Sold 1st Semester GWh 129, ,804 45,519 38,928 27,242 27,493 29,308 29,081 24,691 28, ,218 1,982 ITAIPU FURNAS CHESF ELETRONORTE ELETROSUL CGTEE TOTAL 6,181 6,304 2,249 2,337 1,060 1,081 1,273 1,350 1,034 1, AMAZONAS ENERGIA Energia DISTRIBUIÇÃO PIAUÍ DISTRIBUIÇÃO ALAGOAS DISTRIBUIÇÃO ACRE DISTRIBUIÇÃO RORAIMA DISTRIBUIÇÃO RONDÔNIA TOTAL

15 Projects under Evaluation by Eletrobras ACQUISITION OF SHARES HEU TUMARÍN 253 MW PANAMA OFFICE Nicarágua Panamá 4 HEUs 7,700 MW HEU INAMBARI 2,600 MW Peru Uruguai Argentina TL 500 kv 60 Km/BR (390 Km) MONTEVIDEU OFFICE TL 400/800kV 1,400 km Moçambique LIMA OFFICE HEU l Garabi Binational 2,000 MW Source: Eletrobras Offices abroad Business Plan Feasibility Study Pre-Feasibility Study 10

16 Strategy to build asset portfolio in the international markets

17 Strategy of asset portfolio in the international markets Prioritization of international operations in the Americas, in the development of renewable sources of energy generation and transmission of electricity Development and implementation of projects, as well as acquisitions which will accelerate entry into targeted markets and/or establish partnerships or strategic positioning in these markets 12

18 Improvement actions

19 Planning and Management of the Eletrobras System Strategic Plan of the Eletrobras System Adjmts Business Plan Management Plan Adjtms Generation Goals Trading Goals Transmission Goals Distribution Goals Management Goal Monitoring Evaluation Breakdown of economic and financial guidelines for each company of the Eletrobras System Parent Company and its guidelines (Investment limits, debt capacity, capital cost) Business Plan for each Company (initial version) Negotiating Process of the Parent Company and its subsidiaries Business Plan for each Company (final version) Development of the Business Plan in each Company Monitoring Evaluation CMDE between parent company and subs Variable Remuneratrion Mechanisms Operational Action Plans of each company Consolidated Business Plan of the Eletrobras System Business Plan execution 13

20 Management Model - Integration of the Planning and Management Process of the Eletrobras System - Readjustment of the organizational structure of the Parent Company; - Implementation of the Integrated Management Risk Policy ; - Improvement of the integration of Information Technology of the Eletrobras System; - Improvement of logistic and supply process of the Eletrobras System; - Implementation of shared service centers; - Communication integration and brand management; - Transparency in sectoral fund management and government programs. 14

21 Human Resources Retirement Program; Performance evaluation; Employee mobility; Management of skills and competence. 15

22 R & D + I - Consolidate, enhance and integrate mechanisms for identification, analysis, proposition and implementation of projects in R & D + I. 16

23 Operation Improvement plan, enhancement and adjustment of electrical grid of the Eletrobras system; Project Positive Energy for the distribution companies of the Eletrobras System. 17

24 Eletrobras web site Please, feel free to contact Eletrobras IR for further information. Phone # or