Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) Q2 2023 Earnings Conference Call August 9, 2023 1:30 PM ET

Company Participants

Wilson Ferreira Junior - CEO

Elvira Presta - CFO, Chief IR Officer, EVP, Finance & IR

Rodrigo Limp - EVP, Regulation & Institutional Relations

Elio Wolff - EVP, Strategy & Business Development

Conference Call Participants

Andre Sampaio - Santander

Antonio Junqueira - Citigroup

Marcelo Sa - Itaú BBA

Daniel Travitzky - Safra

Operator

Ladies and gentlemen, thank you for waiting. Welcome to Eletrobras Q2 Earnings Call.

Let me introduce the Eletrobras' team. Mr. Wilson Ferreira Junior, Eletrobras CEO; Ms. Elvira Presta, VP of Finance and Investor Relations; Mr. Elio Wolff, VP of Strategy and Business Development; Mr. Rodrigo Limp, VP of Regulation and Institutional Relations; Mr. Renato Costa Santos Carrera, VP of Procurement and Services; and Mr. Marcelo de Siqueira Freitas from the Executive Legal Vice Presidency, are here with us today.

This earnings call is being recorded, and it will be made available at the company's IR website, where you can also find the presentation in both languages. [Operator Instructions].

Before proceeding, we would like to clarify that any statements that may be made during the teleconference regarding the company's businesses, outlook, projections, operational and financial goals are based on beliefs and assumptions of the Eletrobras Management as well as information currently available to the company. These future considerations are not a guarantee of performance because they involve risks and uncertainties, and they depend on circumstances that may or may not occur. Investors should understand that general economic conditions and other operational factors can influence the results expressed in these remarks.

I'd like to turn the floor over to Mr. Wilson Ferreira, Eletrobras CEO. You may proceed now, sir.

Wilson Ferreira Junior

Thank you. I would like to welcome all of you. Can you please show the slides. I would like to welcome analysts, investors, thank you for attending our earnings call for the second quarter. Let me start.

Please move on to the next slide, please. We'll have a summary of six segments. That's how we broke down the company's highlights, an overview of the number one managerial indicator, which is PMSO, operational performance, generation, transmission, financial performance. Elvira will take over at this point in time. And then I'll come back for the investments and next steps segments.

Let me start with the highlights for the quarter. Next slide, please. Next one, please. Another one. Yes. These are the highlights for Q2. First, collections and operations in the financial front have been concluded, given the exposure we had to the U.S. dollars. The hedging for the bonuses in yet another operation, that accounts for almost 96% have been covered, and we'll be completing that in the next quarter. There won't be any FX exposure from now on.