Investor Presentaiton
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Debt
AES Brasil ended 2022 with consolidated gross debt
of R$11.0 billion, 76% higher than in 2021 (R$6.2 billion),
due to the following: (i) the 1st issue of debentures of
AES Brasil in the amount of R$1.1 billion in 1Q22; (ii)
the disbursement by BNB of R$333.0 million for the
Tucano II Complex; (iii) the 1st issue of debentures of
Cajuína AB1, of R$950 million; (iv) funds raised through
instrument 4131 of R$200 million in 4Q22; (v) 1st issue
of commercial paper by Potengi Holdings (JV of Cajuína
with BRF) in the amount of R$700 million in 4Q22; and
(vi) the assumption of debt of around R$1.1 billion related
to the acquisition of assets of Ventos do Araripe and
Caetés in 4Q22, and other operations described below
for AES Brasil Operações.
Debt: AES Brasil
AES Brasil Operações ended the quarter with
consolidated gross debt of R$6.1 billion, up 9.9% from
2021, chiefly due to the following: (i) the 10th issue of
debentures (R$750 million) in 4Q22; (ii) assumption
of debt amounting to R$133 million related to the
acquisition of Cassino in 4Q22; and (iii) interest and
inflation adjustment incurred between the periods.
AES Brasil does not have debt instruments with
covenant clauses. Covenants are measured at AES
Operações, a wholly-owned subsidiary of AES Brasil.
Investments
Due to our growth and the progress in the
construction of the Tucano and Cajuína Wind
Power Complexes, our capital expenditure totaled
R$2.2 billion in 2022. As for the modernization and
maintenance line, we invested a total of R$169.4
million in the modernization of hydroelectric plants
and the turnaround strategy for the Mandacaru
and Salinas Wind Power Complexes, which were
acquired through M&A.
In the period between 2023 and 2027, AES Brasil
expects to invest approximately R$3.1 billion,
earmarked for the expansion of projects already
contracted and with a defined construction
plan (Tucano and Cajuína Complexes) and the
development of the Cajuína pipeline; as well as the
modernization and maintenance of operating assets.
4,285
Amortization Schedule (BRL million)
1,692
547
700
Bridge
Cash
2023
2024
2022 Integrated Sustainability Report > Competitiveness
2,371
2,247
2,089
1,174
1.060
Bridge
626
2025
2026
2027
2028
2029-2045
aes BrasilView entire presentation