Companhia Paranaense de Energia - COPEL (NYSE:ELP) Q4 2019 Earnings Conference Call - Final Transcript

Mar 27, 2020 • 09:00 am ET

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Companhia Paranaense de Energia - COPEL (NYSE:ELP) Q4 2019 Earnings Conference Call - Final Transcript

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Presentation
Executive
Adriano Rudek de Moura

This year, we should end it with a total of BRL1.9 billion, and just BRL200 million are addressed to new projects. For 2020, we estimate BRL2 billion and BRL1.100 billion more or less is related to our distributing company operation. And the focus here is investment in technology, quality, efficiency and cost reduction.

Now, turning to the end of our presentation, in the next slide, here we show the history of the leverage in the past few years from 3.4 in 2016 and now we are into 2 times at the end of 2019. And this really gives us more room to go through this serious moment and crisis, and we will have other opportunities, which we will be monitoring obviously. After the situation normalizes, we'll see how it's going -- what's going to happen now. So, I would like to say that we have a total of loans that have the maturity in the short-term or in the total of BRL1.4 billion. And of those, BRL300 million we already talked about and do now in January. I highlight these maturities for this year fully compatible with our cash, even if we consider lower revenue and a possible delinquency.

And finally, I would like to say that on the several measures we are talking about and we are executing, we are in an advanced stage to release funds for the financial support to build the assets of [Indecipherable]. The perspective here is up to BRL430 million for that. Part of that is going to come in this year, it has been approved by the Board of Directors in February, in the beginning of the month of February. And right now, we are submitting the right documents so that we can have the partial approval financial tools for these funds in the coming weeks.

Once again, thank you very much for being with us in this call. And now, I turn to the Q&A session.