Companhia Paranaense de Energia - COPEL (NYSE:ELP) Q4 2019 Earnings Conference Call - Final Transcript
Mar 27, 2020 • 09:00 am ET
Good morning and thank you for waiting. Welcome to Companhia Paranaense de Energia Copel's Earnings Call to Discuss the Results of the Fourth Quarter of 2019. [Operator Instructions]
Before proceeding we inform that forward-looking statements that might be made during this conference call related to Copel business outlooks, projections, operating and financial projections and goals are based on beliefs and assumptions of the company's management and on information currently available to the company.
Forward-looking statements are no guarantee 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. General economic conditions, industry conditions and other operating factors may also affect the future results of Copel and cause results to differ materially from those expressed in such forward-looking statements.
With us today in this conference call, Mr. Daniel Pimentel Slaviero, CEO of the company; and Mr. Adriano Rudek de Moura, CFO and IR Officer. The presentation by Copel's administration may be followed on the company's website at ir.copel.com.
Now, I turn the floor to Mr. Daniel Slaviero, CEO of the company.
Daniel Pimentel Slaviero
Good morning. Thank you very much for being with us in this conference call for the results of the fourth quarter of '19, especially in this difficult moment that we are all facing. I hope that you are taking all needed measures and protective measures wherever you are. Right now, we are at Copel, and most people that work here are working in home office, but our team is focused in reducing activities to this new reality. We do have a responsibility in maintaining essential services to the society ensuring lack of energy service to the State of Parana. We'll talk more about our contingency plans further on, but before I start talking about our excellent results of 2019, I would like to say that we are not in a celebration moment because we are going through an unprecedented, a very serious crisis in the country. But I'm sure that with a lot of determination, predictability and [Indecipherable], we will win this new battle and we are going to come out of this even stronger.
And last one thing, we published the results of the fourth quarter, and this was the best year of our history. I would like to share the achievement with the over 7,000 employees that make us so proud and that with a lot of confidence in dedication and commitment, they are the ones responsible for the sound and consistent results. Our net income of over BRL2 billion in 2019 has increased 43% and EBITDA of almost BRL4.6 billion has increased 36% vis-a-vis the prior year. Moura will show you in detail the results, but I would like to say that and despite all uncertainties, we do have an optimistic approach for the year. And we want to improve our performance vis-a-vis last year.
Our strategy has an even long-term view and will put all our efforts into work so that Copel