Companhia Paranaense de Energia - COPEL (NYSE:ELP) Q4 2023 Earnings Call Transcript March 1, 2024 8:00 AM ET
Company Participants
Daniel Slaviero - CEO
Adriano Rudek de Moura - CFO
Conference Call Participants
Guilherme Lima - Santander
Daniel Travitzky - Safra Bank
Marcelo Sa - Itau
Bernardo Viero - Suno Research
Operator
Ladies and gentlemen, welcome the video conference of Companhia Paranaense de Energia - COPEL to discuss the results referring to the fourth quarter of 2023. This video conference is being recorded, and the replay can be accessed in the company's 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. And then, we will begin the question-and-answer session when further instructions to participate will be provided.
Before proceeding, I want to stress that forward-looking statements are based on the beliefs and assumptions of the management of Copel and on information currently available to the company. Forward-looking statements may involve risks and uncertainties as they refer to future events and therefore, depend on circumstances that may or may not occur. Investors, analysts, and journalists should take into account that events related to the macroeconomic environment, the sector, and other factors may cause the results to differ materially from those expressed in such forward-looking statements. Today with us are Mr. Daniel Slaviero, CEO of Copel, Mr. Adriano Rudek de Moura, CFO of Copel, as well as the officers of the subsidiaries. They will all be available for the Q&A session.
Now, I would like to turn the floor to Mr. Slaviero, who will begin the presentation. Mr. Slaviero, please go ahead.
Daniel Slaviero
Good morning to all. I'd like to thank all of you for joining us in our video conference call. On the eve of celebrating 70 years of existence, the results of Copel in 2023 reinforce some of the perennial hallmarks of our work since its inception. Innovation, sustainability, financial robustness, and the permanent commitment to our customers. I have the honor to share with you the results of a historical year from both the institutional standpoint and the financial standpoint.
Our EBITDA totaled for the very first time the amount of BRL5.8 billion in one year, considering recurring items and discontinued operations. This achievement underpins our strong position in the market and the effectiveness of our actions for Copel's sustainable growth. This also reflects the relentless focus on the excellence of all of our operations and on continuous improvement in the servicing of our clients. This is the beginning of a new era. With the appreciation of our shares in recent months, we have reached a market cap of BRL30 billion. The operation to transform Copel into a corporation was the second largest utilities offer in the western world in 2023, raising more than $1 billion which led us to be recognized by LatinFinance as Deal of the Year in one of its categories.