Earnings release
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RESULTADOS 20 TRIMESTRE DE 2021 Energisa S / A Cataguases , August 12 , 2021 - The management of Energisa S / A ( “ Energisa " or " Company " ) hereby presents its results for the second quarter ( 2Q21 ) and the first six months ( 6M21 ) of 2021. The following financial and operational information is being presented in accordance with international financial reporting standards ( IFRS ) , except when stated otherwise . Quick Facts A strong sales recovery in the quarter drives EBITDA growth of 90.5 % ( R $ 1.4 billion ) and profit of R $ 749 million Energy sales ( captive sales + TUSD ) grew 7.9 % in 2Q21 on 2Q20 , to 9,049.4 GWh . Considering unbilled consumption , growth was 9.7 % and all sectors reported QoQ growth ; Manageable operating costs ( PMSO ) rose 19.9 % in the quarter ( R $ 110.2 million ) , because of the small comparison base with operating costs in 2020 , owing to exceptional measures introduced at the start of the Covid - 19 pandemic . In the six months YTD , the increase was 5.3 % ( R $ 64.3 million ) , lower than inflation measured by IPCA ( 12 months ) of 8.35 % ; ✓ Consolidated adjusted EBITDA amounted to R $ 1,497.5 million in 2Q21 , an increase of 86.8 % ( R $ 695.7 million ) on 2020. The YTD figure amounted to R $ 2,922.0 million , an increase of 68.8 % ( R $ 1,191.2 million ) ; ✓ Consolidated net income of R $ 749.0 million in 2Q21 , an increase of R $ 837.0 million on the same period of 2020. In 6M21 the growth was 228.6 % ( R $ 1,128,6 million ) , amounting to R $ 1,622,3 million ; Consolidated cash , cash equivalents , short - term investments and sector credits stood at R $ 5,657.7 million in June , compared with R $ 5,670.2 million in March 2021 ; Consolidated net debt amounted to R $ 13,906.4 million in June , compared with R $ 14,220.9 million in March 2021. The ratio between net debt and Adjusted EBITDA fell from 3.0 in March to 2.5 in June 2021 ; Consolidated investment amounted to R $ 909.2 million in 2Q21 , an increase of 35.4 % ( R $ 237.7 million ) on the same period of the previous year . Description Gross Operating Revenue Net Operating Revenue , without construction revenue Manageable costs and expenses ( ¹ ) EBITDA Adjusted EBITDA Net Income ( Loss ) Net Indebtedness ( 2 ) Investment Billed captive energy sales ( GWh ) Captive sales + Billed TUSD ( GWh ) Captive sales + Unbilled TUSD ( GWh ) Total Number of Consumers Number of Own Staff Work Force ( own + outsourced staff ) ( ³ ) 2Q21 Energisa S.A. Financial Indicators - R $ million 8,622.8 6,540.4 5,294.7 3,873.7 742.9 779.1 727.4 801.8 ( 88.0 ) 13,906.4 13,922.3 909.2 671.5 Quarter 2Q20 1,385.4 1,497.5 749.0 Consolidated Operating Indicators 7,317.2 7,030.8 9,049.4 8,388.3 8,950.8 8,156.5 8,142,191 7,902,723 14,777 15,042 21,006 19,875 energisa Change % + 31.8 + 36.7 - 4.6 + 90.5 + 86.8 - 0.1 +35.4 + 4.1 + 7.9 +9.7 + 3.0 + 1.8 + 5.7 6M21 Accumulated 6M20 16,534.2 13,671.4 10,199.1 8,078.7 1,322.4 1,500.6 2,692.5 1,576.0 2,922.0 1,730.8 1,622.3 493.7 13,906.4 13,922.3 1,606.7 1,386.6 14,783.5 14,755.6 18,228.8 17,641.4 18,070.7 17,436.0 8,142,191 7,902,723 15,042 14,777 21,006 19,875 Change % + 20.9 + 26.2 - 11.9 + 70.8 + 68.8 + 228.6 - 0.1 +15.9 +0.2 + 3.3 + 3.6 + 3.0 + 1.8 + 5.7 ( 1 ) Includes PMSO , contingencies and doubtful accounts ( 2 ) Includes sector credits ( CDE , CCC , CVA ) ; ( 3 ) Excludes outsourced construction workers and outsourced workers of the DisCos registered as company staff at the Group's service providers . 1