Investor Presentaiton
Reduction of Indebtedness
Higher cash availability allowed the payment of debt instruments, reducing the gross indebtedness
Covenants
3.02x
3.7
Net Debt¹ (R$ bn)
2.91x
3.6
2016
2Q17
Net Debt (R$
billion)
Net Debt/ Adjusted EBITDA³
Net Debt/ Adjusted EBITDA³ < 3.5x
☐
Adjusted EBITDA³ / Financial Expenses > 1.75x
AES Eletropaulo
Schedule of Amortization (R$ mm)²
1,836
1,144
1,149
1,067
967
410
361
1.740
385
339
514
216
734
788
682
628
299
96
2017
2018
2019
2020
2021
2022-2028
■Local Currency
Pension Fund Obligations
Debt Profile
2Q16
Average maturity (years)
Effective rate4
4.6
13.7%
2Q17
4.3
10.9%
Average spread (CDI +)5
1.86% p.y.
2.00% p.y.
1 - Net Debt according to Covenants; 2- Amortization flow considers principal, acumulated interests and deferred balance 3 - Adjusted by
CESP Foundation (last 12 months); 4 - Average value in the period of total indebtedness; 5 - Only for debt linked to the CDI
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