Meeting with Investors
Acquisition of ES Gas
April, 2023
IMPORTANT NOTICE
This presentation may include statements that represent expectations about future events or results in accordance with Brazilian securities regulations. These statements are based on certain assumptions and analyzes made by the Company based on its experience and the economic environment and on market conditions and expected future events, many of which are beyond the Company's control. Important factors that could lead to material differences between actual results and forward-looking statements about future events or results include the Company's business strategy, Brazilian and international economic conditions, technology, financial strategy, utility industry developments, conditions hydrologic conditions, financial market conditions, uncertainty regarding the results of its future operations, plans, objectives, expectations and intentions, among others. Due to these factors, the Company's actual results may differ significantly from those indicated or implied in the statements of expectations about future events or results.
Completion of the transaction is subject to precedent conditions including regulatory approval from the Administrative Council for Economic Defense (CADE).
The information and opinions contained herein should not be understood as a recommendation to potential investors and no investment decision should be based on the veracity, timeliness or completeness of such information or opinions. None of the company's advisors or related parties or their representatives shall have any responsibility for any losses that may arise from the use or content of this presentation.
Transaction Summary and Next Steps
MAIN FEATURES OF THE AUCTION
- Auction held by b3 for the sale of 100% of the share capital of ES Gás
- The State of Espírito Santo and Vibra Energia held 100% of the Company's capital and began the process of selling shares in order to increase investments in infrastructure and improve the quality of gas distribution in the state
Bid | Premium | |
R$ 1,423mm | 7.28% | |
GR RJ 010 Empreend. e Part. | R$ 1,420mm | 7.02% |
Minimum Economic Value | R$ 1,326mm | - |
The amount paid by Energisa was adequate, with a goodwill of less than 10%
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NEXT STEPS(1)
(estimated schedule according to the Auction Notice(1))
Public Session of the | Document |
Auction | Submission to CADE |
31/mar | 23/may |
16/may | 23/aug | ||
Approval of the | Settlement and | ||
Auction Result and | Signature of the | ||
Adjudication of the | Share Purchase and | ||
Subject Matter | Sale Agreement |
Energisa will work with the parties to ensure the completion of the transaction as quickly as possible and to integrate ES Gás into its ecosystem
Note: (1) Estimated dates according to the auction notice and subject to change
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Acquisition 100% Aligned with Energisa's Strategic Vision
ENERGISA'S STRATEGIC PLANNING | RATIONALE AND HIGHLIGHTS OF THE ACQUISITION OF ES GÁS |
OFFER THE BEST ENERGY SOLUTION TO OUR CUSTOMERS | UNIQUE AND TRANSFORMATIONAL OPPORTUNITY IN GAS |
DISTRIBUTION, BRIDGE TO THE ENERGY FUTURE, | |
WITH DIFFERENT TIMING |
DIVERSIFICATION INTO SECTORS IN THE ENERGY CHAIN | ASSET WITH COMPLEMENTARY FEATURES (CONCESSION |
THAT BRING MORE APPROPRIATE REMUNERATION TO RISK- | PERIOD, VOLUME GROWTH, LOW LEVERAGE) IN FAVORABLE |
ADJUSTED CAPITAL | GEOGRAPHY FOR BUSINESS (MARKET, REGULATION AND |
INFRASTRUCTURE |
LONG-TERM VISION WITH EXCEPTIONAL SKILL IN CAPITAL | ENERGISA'S EXPERTISE IN MANAGEMENT OF |
ALLOCATION AND REINVESTMENT IN THE OWN BUSINESS, | DISTRIBUTION AND CUSTOMER RELATIONSHIPS, |
SEEKING TO MAINTAIN GOOD RETURNS AND RESULTS | ENABLES TO CAPTURE SYNERGIES |
ENERGISA VISION: To be a protagonist in energy transformation, connecting people and companies to the best energy
solution, building a more sustainable world
OPPORTUNITY
3r
CONTEXT
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Energisa SA published this content on 03 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 April 2023 12:23:06 UTC.