Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

May 5, 2023 1:30 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Welcome. Presenting the team from Petrobras we have here today, Wilson Ferreira Jr., the President of Eletrobrás; Elvira Presta, Financial Vice President and Investor Relations; Rodrigo Limp, Vice President of Regulation and Institutional Relations and the new Vice President of Commercialization and Vice President of People, Personal and Culture; and Élio Wolff, Vice President of Strategy, Business strategy and participations. We inform that this video conference is being recorded and will be made available in the site of IR of the company, and will be available in both languages.

If you need simultaneous translation, we have these two available in the icon called the interpretation located in the bottom of the screen, you can choose Portuguese or English. For you listening in English, the option to silence the regional audio, clicking mute or regional audio. For Q&A, we should be send by the Q&A button on the bottom of the screen. Your names will be announced, so that you can be – so that you can make the question. Should request your microphone whenever you make this, I request to activate your microphone will appear on the screen. The disclaimer, anything that said during this presentation about the business perspective of the company projections, operational targets and financial ones, they are premises of the Board of Eletrobras as well as informations that are currently available for the company.

Future considerations are not guarantees of performance because they involve risks, uncertainties and therefore, they depend on circumstances that can may or may not occur. The investors should then understand that economical conditions in general and other operational activities can affect the operational results expressed in the future.

Now Mr. Wilson Ferreira, President of Eletrobras that we can start the presentation.

Wilson Ferreira

Good afternoon, everyone. I'd like to greet the shareholders, the investors, analysts that work at Eletrobras that we can share the main results of our first trimester, the second that we complete here since we have arrived. We highlight here in the beginning, what are the main highlights of this quarter. Basically on the partnership, the advance that we have had in the process of acquisition of Santo Antônio Energia, the advance and acquisition of owners of 23% and then our average 92% of the company, invested BRL168 million. We're going to be able to detail here more, but it deals with one of the main companies in Brazil.