In This Article:
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Net Income: BRL1.6 billion in 2024.
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Cash Position: BRL3.1 billion, a 47% increase over the previous year.
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Net Debt for Light SESA: BRL4.5 billion, a reduction of nearly 50% compared to 2023.
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Adjusted EBITDA for Light SESA: BRL1.4 billion, a 3.7% increase compared to the previous year.
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Market Growth: 1.3% increase in 2024 compared to 2023.
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Commercial Segment Performance: 2.1% year-on-year increase.
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DEC (Interruption Duration Indicator): 6.74 hours, the lowest level for a fourth quarter in the company's history.
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Operating Cash Generation (EBITDA minus CapEx): BRL453 million in 2024.
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CapEx: Increased by almost 20% year-on-year.
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Distributors EBITDA: BRL1.4 billion, a 3.7% increase over the same period last year.
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Energy Generation and Commercialization EBITDA: BRL700 million, down 14% year-to-date compared to the same period last year.
Release Date: March 28, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Light SA (LGSXY) successfully approved a court-mandated reorganization plan with the support of over 99% of creditors, leading to debt restructuring and cost reduction.
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The company reported a consolidated net income of BRL1.6 billion in 2024, reflecting significant financial recovery.
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Operational improvements led to a 40% increase in productivity among internalized field teams.
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The DEC and FEC indexes, measuring power interruption duration and frequency, remained below regulatory limits, indicating strong service quality.
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Light SA's cash position grew by 47% year-over-year, reaching BRL3.1 billion, strengthening its financial health.
Negative Points
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The energy generation and commercialization segment experienced a 14% decline in EBITDA due to reduced margins from less profitable contracts.
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The company faces challenges in addressing high levels of losses in its concession area, requiring structural solutions beyond current operational actions.
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Despite market growth, distributed generation captured part of the potential increase, limiting overall consumption growth.
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The company is still in the process of completing its judicial reorganization plan, with several steps pending, including a reverse auction and capital increase.
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Light SA's debt restructuring, while beneficial, still leaves the company with a significant net debt of BRL4.5 billion.
Q & A Highlights
Q: Can you provide details on the buyback process for Light Energia? A: We are currently finalizing the documentation for what we refer to as a reverse auction. We aim to launch this process in April, shortly after publishing our results.