Investor Presentaiton
SPIC BRASIL
About SPIC Brasil Our energy comes from multiple sources
Vision-driven progress
Safety is the foundation of care
GRI Summary
63
FINANCIAL
AND OPERATING
PERFORMANCE
Operational and
economic-financial indicators
HPP São Simão
(R$ MILLION)
2022
2021
Net operating revenue
1,868
1,992
EBITDA
1,481
1,667
Operating expenses and costs
-397
-331
Net income for the year
607
716
(R$ MILLION)
2022
2021
Net operating revenue
EBITDA
79
69
56
45
Operating expenses and costs
-34
-32
Net income for the year
33
20
$
We ended 2022 with positive results.
Amid rising interest rates and soaring
inflation, fueled by the troubling conflict
in Ukraine, we were impacted by rising
equipment prices and administrative
costs, at a time of company expansion
and construction of new projects.
Despite this unfavorable situation, we
posted net revenue of R$ 1.95 billion and
recorded an approximate net profit of R$
214 million, higher than the previous year.
We posted net
revenue of
R$ 1.95 bn
in 2022.
Our flagship asset, HPP São Simão,
performed well and maintained
sound financial results, boosted by
the refinancing of its debentures. The
excellent operational performance
was also noticed in the review of the
Annual Generation Revenue (RAG)
Cycle 2022-2023, with a positive added
value. This was the first cycle in which
the plants from Auction No. 01/2017
had the Unavailability (Ajl) or Assessed
Performance Adjustment factored into
their revenues.
In 2022, the plant's risk rating assigned
by S&P Global Ratings was reaffirmed
as brAAA/Stable. The agency also
renewed the triple A rating of the 1st
and 2nd senior unsecured debenture
issuances under the operation.
Wind Farms
SPIC Brasil
(R$ MILLION)
2022
2021
Net operating revenue
1,947
2,061
EBITDA
1,314
1,558
Operating expenses and costs
-430
-372
Net income for the year
214
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