Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) Q3 2019 Earnings Conference Call - Final Transcript
Nov 18, 2019 • 11:30 am ET
Good afternoon, ladies and gentlemen. At this time, we would like to welcome everyone to SABESP's conference call to discuss its results for the first quarter of 2019. The audio for this conference is being broadcast simultaneously through the Internet on the website, www.sabesp.com.br, where you can also find the slideshow presentation available for download. We inform you that this call is being recorded and that all participants will be able to listen to the conference during the company's presentation. After the company's remarks are over, there will be a Q&A period. At that time further instructions will be given. [Operator Instructions] Before proceeding, let me mention that forward-looking statements are being made under the safe harbor of Securities Litigation Reform Act of 1996.
Forward-looking statements are based on the beliefs and assumptions of SABESP's management and on information currently available to the company. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions because they relate to future events and therefore, depend on circumstances that may or may not occur in the future. Investors should understand that general economic conditions, industry conditions and other operating factors could also affect the future results of SABESP and could cause results to differ materially from those expressed in such forward-looking statements.
Today, with us we have Benedito Braga, CEO; Rui Affonso, Chief Financial Officer and Investor Relations Officer; Adriano Stringhini, Corporate Management Officer; Mario Arruda Sampaio, Head of Capital Markets and Investor Relations; and Marcelo Miyagui, Head of Accounting.
Now, I will turn the conference over to Benedito Braga, CEO. Sir, you may begin your conference.
Thank you. Good morning, everyone. It is a great pleasure to be in this conference with our directors and superintendents to discuss the results of the third quarter. We are extremely happy with the results. You will appreciate the results. Mario Sampaio will -- in a very detailed fashion present the results for you, and what I would like to say is that the administration of this company is looking forward to bring in more and more consumers, and we were very successful in bringing in Guarulhos and Santo Andre, that is now producing the earlier results of the assumption of the municipalities. We were very successful in Guarulhos to stop water rationing, and more than a million people that were going through rationally are not any longer in that situation. Also, the intermittency of water distribution in Santo Andre will be improved, and we already started some civil works that is going to be very beneficial to the population of Santo Andre during the summertime, approaching summertime in December, January, and February.
So, in a nutshell, things are moving smoothly. We are very determined to clean up one of our icons in Sao Paulo with the Pinheiros River by 2022, and this involves a lot of investment in sewage collection and treatment, but we are prepared for that. We are now using innovative contracting processes that will accelerate results in the area of