Engie Brasil Energia S.A. Reports Consolidated Earnings and Operation Results for the Fourth Quarter and Full Year Ended December 31, 2017
February 21, 2018
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Engie Brasil Energia S.A. reported consolidated earnings and operation results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company's net operating revenue (NOR) was BRL 2,067.4 million compared to BRL 1,666.2 million a year ago. Income before financial result and taxes was BRL 880.511 million compared to BRL 540.520 million a year ago. Income before taxes was BRL 782.609 million compared to BRL 496.144 million a year ago. Ebitda was BRL 1,067.6 million compared to BRL 824.0 million a year ago. Net income was BRL 704.7 million or BRL 1.0796 per share, compared to BRL 475.5 million or BRL 0.7286 per share, a year ago. Return on equity (ROE) was 29.3% compared to 23.4% a year ago. Return on invested capital (ROIC) was 22.5% compared to 22.7% a year ago. Net cash used in operating activities was BRL 1,669.367 million compared to net cash from operating activities of BRL 693.236 million a year ago. Used in fixed assets was BRL 538.165 million compared to BRL 434.961 million a year ago. Used in intangibles was BRL 1,035.196 million compared to BRL 2.308 million a year ago.
For the year to date, the company's net operating revenue (NOR) was BRL 7,010.0 million compared to BRL 6,442.4 million a year ago. Income before financial result and taxes was BRL 2,850.210 million compared to BRL 2,421.617 million a year ago. Income before taxes was BRL 2,623.380 million compared to BRL 2,066.773 million a year ago. Ebitda was BRL 3,519.5 million compared to BRL 3,175.6 million a year ago. Net income was BRL 2,004.6 million or BRL 3.0710 per share, compared to BRL 1,548.3 million or BRL 2.3720 per share, a year ago. Return on equity (ROE) was 29.3% compared to 23.4% a year ago. Return on invested capital (ROIC) was 22.8% compared to 22.6% a year ago. Net debt was BRL 4,582.6 million compared to BRL 1,093.2 million a year ago. Net cash from operating activities was BRL 331.802 million compared to BRL 2,524.794 million a year ago. Used in fixed assets was BRL 1,904.866 million compared to BRL 1,166.583 million a year ago. Used in intangibles was BRL 1,051.482 million compared to BRL 9.000 million a year ago.
For the quarter, the company reported gross power production of 4,187 avg MW compared to 4,794 avg MW a year ago.
For the year to date, the company reported gross power production of 4,148 avg MW compared to 5,077 avg MW a year ago.
ENGIE Brasil Energia S.A., formerly Tractebel Energia S.A., is an independent utility concessionaire. The Company is engaged in the business of generation and commercialization of electrical energy. The Company develops and operates power plants. The Company installs and operates plants fired from conventional energy sources, such as hydroelectric, thermoelectric and complementary units, small hydroelectric plants and wind, biomass and photovoltaic plants. The Company's installed capacity, including its stakes in energy generation consortiums, is approximately 7,000 megawatts. The Company's generation facilities in operation consist of 29 plants, of which nine hydroelectric power plants, seven thermoelectric power plants (three coal, three biomass and one natural gas plant), three small hydro power plants (SHPP), nine wind farms and one photovoltaic solar power plant. The Company is controlled by ENGIE Brasil Participacoes Ltda.
ENGIE BRASIL ENERGIA S.A. 
