2Q19 Results
Economic-Financial Office and Investor Relations Office
DISCLAIMER
This presentation may contain forward-looking statements referring to SABESP's business outlook, operating and financial results estimates, and growth prospects. These are only forecasts, and as such, they are exclusively based on SABESP's management expectation in relation to the future of business and its continuous access to capital to finance the Company's business plan. These forward-looking statements largely depend on changes in market conditions, governmental rules, industry performance and the Brazilian economy, among other factors, in addition to risks exhibited in disclosure documents filed by SABESP. Therefore, they are subject to changes without prior notice.
AGENDA
- COMPANY OVERVIEW
- OUR OPERATIONS
- OUR FINANCIAL PERFORMANCE
- SPMR - WATER SITUATION
...ONE OF THE LARGEST WATER AND SEWAGE PROVIDERS IN THE WORLD
COMPANY OVERVIEW
- Sabesp is one of the largest water and sewage service providers in the world based on the number of Customers*
- Provides water to 26.3 million people and sewage services to 22.9 million people
- Also sells wholesale treated water to 4 municipalities (1.7 million people)
- Natural monopoly, low operating risk
- Serves the City of São Paulo and 370 out of 645 municipalities in the State
- Covers around 69% of State's urban population, including the wholesale
- Operations in the São Paulo Metropolitan Region**represent 70.6% of our total revenues
*Source: Depth Water Yearbook 2014-2015
**The Metropolitan Region we consider for this estimate, includes 8 municipalities outside the legal boundaries of the São Paulo Metropolitan Region and represents the municipalities served by the Company's Metropolitan Division
MAIN OPERATIONAL INDICATORS(1)
Water | Sewage | |
Connections (million)(2) | 9.5 | 8.0 |
Coverage(3)(%) | 97 | 89 |
Service(4)(%) | 94 | 83 |
Treatment(5)(%) | --- | 77 |
Billed Volume (m³ million) | 522.2 | 433.2 |
(1) As of June 30, 2019
- Active and Inacttive water connections. It includes Guarulhos
- Services Available. It includes Guarulhos
- Connected households. It includes Guarulhos
- Consumer units connected to the sewage treatment - It does not include Guarulhos
Sistemas Regionais
RMSP
São Paulo
4
...WITH STRONG CORPORATE GOVERNANCE
- We are a mixed capital company,majority-owned by the State of São Paulo, with significant private ownership
- State law requires the State of São Paulo to own at least 50% + 1 voting shares at all times (State Law 11,454/2003)
- Currently the Government of São Paulo has 50.3% share
- 100% common shares
- Market Cap: R$ 32.3 billion (as of June, 2019)
- Law nº 13.303/16 -Government-Controlled Companies Law
OWNERSHIP STRUCTURE % (1)
(1) June/2019 | 5 |
AGENDA
- THE COMPANY
- OUR OPERATIONS
- OUR FINANCIAL PERFORMANCE
- SPMR - WATER SITUATION
DIVERSIFIED CONSUMER BASE
WATER BILLED VOLUME BY TYPE OF CUSTOMER | SEWAGE BILLED VOLUME BY TYPE OF CUSTOMER |
- 80% of water volume and revenue come from residential, commercial and industrial customer
WATER REVENUES BY TYPE OF CUSTOMER*
- 90% of sewage volume and revenue come from residential, commercial and industrial customer
SEWAGE REVENUES BY TYPE OF CUSTOMER*
*Managerial information | 7 |
BROAD COVERAGE OF MUNICIPALITIES
CONTRACTS
Nº CONTRACTS | % OF REVENUE | |
Renewed/Secured(1) | 312(2) | 89.5% |
Metropolitan region without contract | 23 | 4.8% |
Expired Contracts / Under negotiation | 9 | 0.9% |
To be expired (2019 - 2025) | 3 | 0.2% |
To be expired (2026 - 2030) | 26 | 3.7% |
Total Retail | 373 | 99.1% |
Wholesale | 4 | 0.9% |
Total Sabesp | 377 | 100.0% |
- Program and Service Contract from 2007 to Jun/2019
- It includes two patial contracts with Mogi das Cruzes and Aguaí
CONTRACT WITH THE MUNICIPALITY OF SÃO PAULO
- 30-year-serviceagreement between Sabesp, Municipality of São Paulo and State Government (expires in 2040)
- Minimum investment of 13% of the Gross Revenue, net of Cofins and Pasep
- Transfer of 7.5% of the Gross Revenue, net of Cofins and Pasep, to the Municipal Environmental Sanitation and Infrastructure Fund
- Since May/18 -Pass-through of 4%
TOP 10 CONTRACTS
% of Total Revenue | Remaining Period | |
Municipalities | (1H19) | (Years) |
São Paulo | 47.8 | 21 |
São Bernardo do Campo | 3.3 | 40 |
Guarulhos | 2.4 | 39 |
Praia Grande | 2.3 | 29 |
Osasco | 2.1 | 10 |
Santos | 2.1 | 26 |
São José dos Campos | 1.8 | 19 |
Barueri | 1.6 | 26 |
Diadema | 1.3 | 25 |
Itaquaquecetuba | 1.1 | 28 |
Total 10+ / Avg. | 65.7 | 26 |
8
CONTRACT WITH GUARULHOS
TERM OF DEBT ADJUSTMENT
- The municipality withdraws pending appeals of Sabesp's collections legal procedings
- Sabesp: Court orders debt payments ("Precatórios")
- Sabesp suspends the judicial collection of debt
- The payments remains suspended during the contract term
- The amounts are used as guarantees in the service contract
- If the service contract is interrupted, the court orders will be reactivated
- Transfer R$ 50 million to the municipality in order to end SAAE's activities
- SAAEs employees ceded to Sabesp:
- During 6 months - All SAAE's employees will be ceded to Sabesp
- From month 7 up to a maximum of 4 years up to 400 employees will continue to be ceded
CONTRACT
- 40-yearservice contract
- Water Supply Service
- Sewage collection, removal and treatment services*
- Contract signing parties: State, Municipality and Sabesp
- Planning shared among State and Municipality (SPMR)
- Regulator: ARSESP Tariff, control and monitoring
- Tariff: the same as SPMR (adjustment -catch-up period of approximately 2 years)
- Expected investment of R$ 2 billion over 40 years
- Transfers to the Municipal Fund for Environmental Sanitation and Infrastructure
- R$ 150 million in 5 years (R$ 30 million per year)
- 4% of net revenue from the second year onwards
* Part of the removal and treatment services will be remaine under the municipality's direct and indirect responsibility
9
CONTRACT WITH SANTO ANDRÉ
TERM OF DEBT ADJUSTMENT
- The municipality withdraws pending appeals of Sabesp's collections legal procedings
- Sabesp: Court orders debt payments ("Precatórios")
- Sabesp suspends the judicial collection of debt
- The payments remains suspended during the contract term
- The amounts are used as guarantees in the service contract
- If the service contract is interrupted, the court orders will be reactivated
- R$ 600 million discount on fines and interest
- Transfer R$ 70 million to the municipality in order to end Semasa's activities
- Semasa employees ceded to Sabesp:
- During 6 months - All Semasa's employees will be ceded to Sabesp
- From month 7 up to a maximum of 4 years up to 400 employees will continue to be ceded
CONTRACT
- 40-yearservice contract
- Water Supply Service
- Sewage collection, removal and treatment services
- Contract signing parties: State, Municipality and Sabesp
- Planning shared among State and Municipality (SPMR)
- Regulator: ARSESP Tariff, control and monitoring
- Tariff: the same as SPMR stating in 2021
- Expected investment of R$ 917 million over 40 years
- Transfers to the Municipal Fund for Environmental Sanitation and Infrastructure
- R$ 90 million in the first year of the contract
- 4% of net revenue from the second year onwards
10
REGULATORY FRAMEWORK
FEDERAL LAW 11.445/07 / FEDERAL DECREES: 7.217/10, 8.211/14, 8.629/15, 9.254/17
- Separation of duties: planning, service provision and regulation
- Obligation to install the service regulation → Municipal, State level or Consortium
- Clarifies the payment conditions ofnon-amortized investments → up to 4 years
- Disbursement of federal funds conditioned to the existence of a sanitation plan
CONCESSION POWER IN METROPOLITAN REGIONS
- Legal proceeding related to this matter under Supreme Court (STF) appraisal was ruled in March 2013
- The decision was released in September 2013
- Sanitation services in metro regions are subject to shared responsibility between State and Municipality
REVISION OF THE REGULATORY FRAMEWORK (under discussion)
- The Provisional Measure Nº 868 of December 28, 2018 expired on June 3, 2019
- A new Bill 3,261/19 was proposed by the senator Tasso Jereissati. The Bill, which changes the previous content proposed by the Provisional Measure 868, was approved by the Senate on June 06 and advanced to the Lower House
- On August 02, a new Bill of Law 4,162/19 was proposed by the Executive body to the Lower House, resuming the content previously used on the Provisional Measure 868
- There are currently several Bills dealing with the sanitation framework pending in the Lower House
11
TARIFF REVIEW
METHODOLOGY OF TARIFF REVIEW (PRICE CAP)
Required Revenue | = | + | CAPEX | + | Taxes | + | RABt- RAB0 | WACC | |||||||||||||||||
OPEX | |||||||||||||||||||||||||
Average | Billed | Personnel | Water | Income Taxes | Amortization | Cost of Equity | |||||||||||||||||||
Energy | |||||||||||||||||||||||||
Tariff (P0) | Volume | Sewage | Revenue | Rate | Cost of Debt | ||||||||||||||||||||
Materials | Others | Taxes | |||||||||||||||||||||||
PRICE CAP | |||||||||||||||||||||||||
Others | |||||||||||||||||||||||||
Output of | Reduced by X Factor X | Sabesp 4 year Business Plan | ||||||
Asset | Arsesp | |||||||
the Model | defined by Arsesp | + | ||||||
Useful Life | Technical | |||||||
(after year1) | Arsesp Review | |||||||
Note | ||||||||
New Average
Tariff
ANNUAL TARIFF ADJUSTMENT FORMULA
InflationProductivity
(IPCA)-Factor
(0.6920%)
= 1+ | x | Previous | - | Quality |
100 | Average Tariff | Factor* |
*Not defined yet
12
TARIFF READJUSTMENTS AND REVISIONS
READJUSTMENTS AND REVISIONS INDEXES
IPCA Index - Between the readjustement/revision periods
OTR- Ordinary Tariff Revision
ETR- Extraordinary Tariff Revision
2015 - Readjustment + Residual + ETR = 15.24%
ORDINARY TARIFF REVISION (OTR) - 2º CYCLE FROM 2017 TO 2020
Initial Phase - Oct/2017 | Final Phase- May/2018 | |
RAB(1)(R$ Billion) | 40.3 | 39.0 |
WACC (%) | 8.11 | 8.11 |
Current Average Tariff (R$/m³) | 3.37255 | 3.6425 |
X Factor(%) | - | 0.6920 |
P0 (R$/m³) | 3.63861 | 3.7702 |
TRI(2)(%) | 7.8888 | 3.507 |
(1) Regulatory Asset Base | (2) Tariff Repositioning Index |
- ARSESP's Resolutions nº 865 and nº 866 → Tariff Structure Revision (to be defined by June 2020)
- Opening of the Public Consultation 06/2019 General Quality Index (to be aplied in 2019)
- Opening of the Public Consultation 09/2019 Methodology for Updating the Regulatory Asset Base of 3rd ORT (Sabesp must
send contribution until September 24) | 13 |
WATER AND SEWAGE OPERATIONS
WATER CONNECTION EVOLUTION (million) | WATER COVERAGE (Connection in 000's) |
Add 954 thousand new connections by 2023
SEWAGE CONNECTION EVOLUTION (million) | SEWAGE COVERAGE (´000s) | |
Add 1.2 million new connections by 2023 | ||
| Coverage: 93% in 2023 | |
| Treatment: 84% in 2023 |
14
CAPEX AND FINANCING
CAPEX PLAN OF R$ 18.7 BILLION FROM 2019 TO 2023
Financial Values (in R$ million)
(*) Book Value - Includes non-cash items (**) Book Value - Items that affected cash
1.527*Additional information is presented in Note 31 of the 2Q19 Financial Information
929**
FINANCING | MAIN PROGRAMS |
Metropolitan Water Program
Tietê Project
Corporate Program for Water Loss Reduction
Clean Stream Program
Clean Wave Program
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AGENDA
- COMPANY OVERVIEW
- OUR OPERATIONS
- OUR FINANCIAL PERFORMANCE
- SPMR - WATER SITUATION
LONG TERM AND LOW COST FUNDING
TOTAL DEBT BREAKDOWN | TOTAL DEBT BY CURRENCY |
DEBT AMORTIZATION PROFILE (R$ million)
17
CONSISTENT PERFORMANCES
NET REVENUE (R$ million) | NET INCOME (R$ million) |
ADJUSTED EBITDA (R$ million) | DIVIDENDS / PAY OUT | ||||||
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | ||
Dividends declared (R$) | 0.8 | 0.4 | 0.2 | 1.2 | 1.0 | 1.2 | |
Pay Out % | 27.9 | 27.9 | 27.9 | 27.9 | 27.9 | 27.9 | |
Outstanding Shares | 683.5 | 683.5 | 683.5 | 683.5 | 683.5 | 683.5 | |
(million) |
Adjusted EBITDA - Last 12 months Adjusted EBTIDA Margin - Last 12 months Adjusted EBITDA Margin Without Construction - Last 12 months | 18 |
HISTORICAL LEVERAGE (R$ million)
GROSS DEBT VS. ADJUSTED EBITDA* | ADJUSTED EBITDA* VS. FINANCIAL EXPENSES** |
NET DEBT VS. ADJUSTED EBITDA* | NET DEBT VS. EQUITY |
* Adjusted EBITDA - LTM | ** Financial Explosures paid - LTM | Calculated in accordance with CPCs/IFRS | 19 |
COVENANT - ADJUSTED NET DEBT vs. EBITDA
20
COVENANT - ADJUSTED TOTAL DEBT vs. EBITDA
21
FINANCIAL HIGHLIGHTS (R$ million)
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008* | 2009* | 2010* | 2011* | 2012* | 2013* | 2014* | 2015* | 2016* | 2017* | 2018* | 1H19 | |
Gross Revenues w/ construction | 3,962 | 4,308 | 4,642 | 5,356 | 5,984 | 6,448 | 6,839 | 9,085 | 9,787 | 10,530 | 11,391 | 11,985 | 11,823 | 12,284 | 14,855 | 15,375 | 17,056 | 8,407 |
Net Revenues | 3,767 | 4,131 | 4,397 | 4,953 | 5,527 | 5,971 | 7,809 | 8,580 | 9,231 | 9,927 | 10,738 | 11,316 | 11,213 | 11,712 | 14,098 | 14,608 | 16,085 | 7,876 |
Adjusted EBITDA | 1,860 | 2,076 | 1,927 | 2,286 | 2,446 | 2,699 | 2,865 | 2,727 | 3,222 | 3,371 | 3,605 | 4,007 | 2,919 | 3,974 | 4,572 | 5,269 | 6,541 | 2,776 |
Adjusted EBITDA Margin | 49.4 | 50.3 | 43.8 | 46.1 | 44.3 | 45.2 | 36.7 | 31.8 | 34.9 | 34.0 | 33.6 | 35.4 | 26.0 | 33.9 | 32.4 | 36.1 | 40.7 | 30,8 |
Adj. EBITDA without Construction | ||||||||||||||||||
Margin | 46.3 | 41.2 | 44.7 | 43.2 | 43.0 | 44.6 | 34.4 | 46.6 | 43.3 | 45.4 | 48.8 | 36,8 | ||||||
Net Income | (651) | 833 | 513 | 866 | 789 | 1,055 | 863 | 1,508 | 1,630 | 1,381 | 1,912 | 1,924 | 903 | 536 | 2,947 | 2,519 | 2,835 | 1,102 |
Net Margin (%) | 20.2 | 11.7 | 17.5 | 14.3 | 17.7 | 11.0 | 17.6 | 17.7 | 13.9 | 17.8 | 17.0 | 8.1 | 4.6 | 20.9 | 17.2 | 17.6 | 14.0 | |
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008* | 2009* | 2010* | 2011* | 2012* | 2013* | 2014* | 2015* | 2016* | 2017* | 2018* | 1H19 | |
Total Assets | 16,332 | 16,590 | 16,784 | 17,431 | 18,000 | 18,660 | 17,206 | 20,243 | 23,293 | 25,019 | 26,476 | 28,274 | 30,355 | 33,707 | 36,745 | 39,546 | 43,565 | 43,985 |
Total Debt | 7,878 | 7,264 | 7,051 | 6,664 | 6,327 | 5,685 | 6,865 | 6,560 | 8,209 | 8,423 | 8,875 | 9,450 | 10,786 | 13,122 | 11,964 | 12,101 | 13,153 | 12,906 |
Short-term Debt | 1,132 | 997 | 1,497 | 759 | 853 | 742 | 1,449 | 1,010 | 1,240 | 1,629 | 1,343 | 641 | 1,207 | 1,526 | 1,247 | 1,747 | 2,104 | 1,524 |
Long-Term Debt | 6,593 | 6,267 | 5,554 | 5,905 | 5,474 | 4,943 | 5,416 | 5,548 | 6,970 | 6,794 | 7,533 | 8,809 | 9,579 | 11,595 | 10,718 | 10,354 | 11,049 | 11,383 |
Foreign Currency Debt | 3,708 | 3,013 | 2,681 | 1,576 | 1,472 | 1,242 | 2,281 | 1,746 | 2,249 | 3,053 | 3,216 | 3,699 | 4,346 | 6,618 | 5,660 | 5,673 | 6,669 | 6,353 |
Shareholders' Equity | 4,217 | 7,577 | 7,952 | 8,483 | 9,019 | 9,781 | 6,758 | 8,439 | 9,682 | 10,546 | 11,257 | 12,931 | 13,304 | 13,717 | 15,419 | 17,513 | 19,552 | 20,593 |
Total Debt/Total Cap. (%) | 65.1 | 48.9 | 47.0 | 44.0 | 41.2 | 36.8 | 50.4 | 43.7 | 45.9 | 44.4 | 44 | 42 | 45 | 48.9 | 43.7 | 40.9 | 40.2 | 39 |
Investments | 619 | 594 | 601 | 678 | 905 | 921 | 1,734 | 2,059 | 2,194 | 2,440 | 2,536 | 2,716 | 3,211 | 3,482 | 3,878 | 3,388 | 4,177 | 1,527 |
2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008* | 2009* | 2010* | 2011* | 2012* | 2013* | 2014* | 2015* | 2016* | 2017* | 2018* | 1H19 | |
Dividend Declared (R$/ share) | - | 17.7** | 5.4** | 12.2** | 9.5** | 1.3 | 1.3 | 1.7 | 2.0 | 2.5 | 2.3 | 0.8 | 0.4 | 0.2 | 1.2 | 1.0 | 1.2 | - |
Pay Out (%) | - | 60.5 | 29.8 | 40.2 | 34.7 | 28.5 | 34.3 | 26.1 | 28.0 | 47.3 | 27.9 | 27.9 | 27.9 | 27.9 | 27.9 | 27.9 | 27.9 | - |
Dividend Yield (%) | - | 10.8 | 3.4 | 7.8 | 3.2 | 3.2 | 4.7 | 5.0 | 4.7 | 4.9 | 2.7 | 3.0 | 2.2 | 1.2 | 4.2 | 3.0 | 3.8 | - |
Outstanding shares (million)28.5 | 28.5 | 28.5 | 28.5 | 28.5 | 227.8 | 227.8 | 227.8 | 227.8 | 227.8 | 227.8 | 683.5 | 683.5 | 683.5 | 683.5 | 683.5 | 683.5 | 683.5 |
- In accordance with CPCs / IFRS, which includes Construction Costs.
- R$ / 000 shares
22
AGENDA
- COMPANY OVERVIEW
- OUR OPERATIONS
- OUR FINANCIAL PERFORMANCE
- SPMR - WATER SITUATION
SPMR - WATER SITUATION
RAINFALL IN THE MAIN WATER PRODUCTION SYSTEMS (mm)
Cantareira | Guarapiranga | Alto Tietê | ||||||||||||||||||||||||||||||||||
300 | 400 | |||||||||||||||||||||||||||||||||||
105% | 400 | |||||||||||||||||||||||||||||||||||
LTA | 177% | 188% | ||||||||||||||||||||||||||||||||||
250 | 116% | 350 | 213% | LTA | 350 | LTA | ||||||||||||||||||||||||||||||
85% | 2017/2018 | |||||||||||||||||||||||||||||||||||
149%; | 300 | 2017/2018 | 300 | 2017/2018 | ||||||||||||||||||||||||||||||||
200 | 82% | 2018/2019 | ||||||||||||||||||||||||||||||||||
93% | 250 | 2018/2019 | ||||||||||||||||||||||||||||||||||
101% | 133% | 2018/2019 | ||||||||||||||||||||||||||||||||||
91% | 176% | 170% | 94% | 250 | 86% | |||||||||||||||||||||||||||||||
82% | 80% | 120% | ||||||||||||||||||||||||||||||||||
150 | 79% | |||||||||||||||||||||||||||||||||||
76% | 58% | 47% | 200 | 111% | 87% | 200 | 139% | |||||||||||||||||||||||||||||
190% | 150 | 122% | 80% | |||||||||||||||||||||||||||||||||
150 | ||||||||||||||||||||||||||||||||||||
100 | 157% | 62% | ||||||||||||||||||||||||||||||||||
213% | 88% | 83% | 87% | 112% | 198% | |||||||||||||||||||||||||||||||
71%49% | ||||||||||||||||||||||||||||||||||||
61% | 100 | 53% | 182% | |||||||||||||||||||||||||||||||||
50 | 47% | 55% | 26% | 92% | 107% | 100 | 70% | 106% | ||||||||||||||||||||||||||||
26% | 64% | 81% 51% | 28% | 83% | 120%50% | |||||||||||||||||||||||||||||||
17% | 32% | 24% | 28% | 50 | 34% | 45% | 50 | |||||||||||||||||||||||||||||
0 | 27% | 8% | 18% | 31% 27% | 12% | |||||||||||||||||||||||||||||||
0 | 0 | |||||||||||||||||||||||||||||||||||
OCT NOV DEC JAN FEB MAR APR MAY JUN | JUL AUG SEP | |||||||||||||||||||||||||||||||||||
OCT NOV DEC JAN | FEB MAR APR MAY JUN JUL AUG SEP | |||||||||||||||||||||||||||||||||||
OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP | ||||||||||||||||||||||||||||||||||||
Long Term Average - Oct/17 to Sep/18 | ||||||||||||||||||||||||||||||||||||
VOLUME STORAGE (%) | AVERAGE PRODUCTION (m³/s) |
Until August 11, 2019 | 23 |
SPMR - WATER SITUATION
WATER SUPPLY SYSTEM STRONGER THAN BEFORE THE WATER CRISIS OF 2014/2015
RESERVOIRS | 2013 | 2019 | Var. % |
Reservoirs (water right) (m³/s) | 70.4 | 80.3 | 14% |
Maximum storage capacity (hm³) | 1,816 | 1,945 | 7% |
(without the technical reserve) | |||
Transfers between reservoirs (m³/s) | 13.2 | 35.4 | 168% |
PRODUCTION AND DISTRIBUTION | 2013 | 2019 | Var. % |
Urban population in the area served (source: SEADE) | 20.1 | 20.9 | 3.6% |
(million inhabitants) | 730,000 inhab. | ||
Total water treatment capacity (m³/s) | 73.4 | 82.3 | 12% |
Water production systems | 8 | 9 | - |
Average monthly production (m³/s) | 69.1 | 62.4 | (10%) |
Average residential consumption (m³/month) | 13.0 | 10.8 | (17%) |
Treated water transfers between the systems (m³/s) | Up to 3 | Up to 12 | 300% |
IPDT (water loss per connection per day) in the SPMR | 434 | 323 | (27%) |
24
SPMR- WATER SITUATION
WATER PLAN FOR SPMR - FROM 2015 TO 2019 (MAIN ACTIONS)
FLOW (m³/s) | |||
DESCRIPTION | PURPOSE | ||
AVAILABILITY/ | |||
SECURITY | |||
INITIATIVES ACCOMPLISHED IN 2015 | |||
Reversal increase from Guaratuba River to the Ponte Nova reservoir by 0.5 | 0.5 | ||
m³/s | |||
Recover the storage volume and ensure Alto Tietê's water source | |||
Reversal from the Guaió River to the Taiaçupeba reservoir: 1 m³/s | 1 | ||
Increase of the ABV Water Treatment Station production from 15 to 16 m³/s | Transfer water from Guarapiranga to the Cantareira area via the | ||
aqueduct system | |||
Interconnection between: Pequeno River → Grande River (Billings) → | 4 | Recover the storage volume and ensure the Alto Tietê reservoir | |
Taiaçupeba (Alto Tietê) 4 m³/s | Transfer water to Cantareira's area | ||
1 m³/s transfer increase from Taquacetuba to Guarapiranga (from 4 to 5 | 1 | Ensure Guarapiranga's water source | |
m³/s) | Transfer water to Cantareira's area | ||
TOTAL 2015 | 6.5 | ||
INITIATIVES ACCOMPLISHED IN 2018 | |||
Jaguari → Atibainha Interconnection: 5.13 m³/s to the Cantareira system | 5.13 | Recover storage volume and ensure the Cantareira System's water | |
(security increase) | source | ||
São Lourenço Production System: 6.4 m³/s | 6.4 | Produce 6.4 m³/s for the Greater São Paulo's western region | |
TOTAL 2018 | 11.53 | ||
INITIATIVE PLANNED FOR 2019 | |||
Reversal from Itapanhaú River (Ribeirão Sertãozinho) to the Biritiba reservoir | 2 | Recover the storage volume and assure Alto Tietê's water source | |
TOTAL 2019 | 2 | ||
TOTAL 2015 - 2019 | 20.03 | ||
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www.sabesp.com.br
IR Contacts
Mario Azevedo de Arruda Sampaio Head of Capital Markets and IR maasampaio@sabesp.com.br +55 (11) 3388-8664
Angela Beatriz Airoldi Investor Relations Manager abairoldi@sabesp.com.br +55 (11) 3388-8793
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Disclaimer
SABESP - Companhia de Saneamento Básico do Estado de São Paulo published this content on 16 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2019 09:11:01 UTC