Companhia Paranaense de Energia - COPEL (ELP) Q3 2022 Earnings Call Transcript

For the period ending September 30, 2022

November 11, 2022 8:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, ladies and gentlemen. Welcome to the Video Conference of Companhia Paranaense de Energia - COPEL to discuss Third Quarter 2022 Earnings Results. This video conference is being recorded, and the replay may be accessed at the company’s IR website, ri.copel.com.

The presentation is also available for download. We inform that all participants will be in listen-only mode during the company’s presentation. Later, there will be a Q&A session when further instructions to participate will be provided.

Before proceeding, let me stress that forward-looking statements are based on the beliefs and assumptions of COPEL’s management and information currently available to the company. Forward-looking statements may involve risks and uncertainties, because they relate to future events and therefore, depend on circumstances that may or may not occur.

Investors, analysts and journalists should remember that events related to the macroeconomic environment, the industry, and other factors may cause results to differ materially from those expressed in such forward-looking statements.

In this video conference, we have Mr. Daniel Slaviero, CEO of COPEL; Mr. Adriano Rudek de Moura, CFO of COPEL, as well as the officers of the subsidiaries who will be available during the Q&A session.

And I would like to turn the floor to Mr. Daniel Slaviero, who will start the presentation. Mr. Slaviero, you may proceed.

Daniel Slaviero

Good morning to all. I thank you all for joining us in this video conference. Before highlighting the quarterly results of COPEL, I think it is important to talk about the letter received by the Controlling Shareholder on October 31st. As stated in the material fact, what we know is, what the State of Parana requested from CCEE and I quote to provide technical information in order to subsidize a model for a potential capital market transaction, whereby, the investment of the State of Parana and COPEL is optimized to preserving the State’s relevant shareholding in the company.

As also emphasized in the material fact, and the adoption of any possible model depending on the studies to be carried out for this purpose, will be subject to certain approvals in accordance with the law and applicable regulations. We have no information on how the study will be carried out, nor the timeframe for its completion. What we can say is that, COPEL’s management will await the development of this study, and to the extent that it is formally requested, COPEL will contribute to the work always following our corporate governance protocols. And any relevant information on this topic, of course, will be promptly informed to the market.