Good afternoon to all, please be welcome to Energisa's Q4 2022 earnings conference call. Please be advised that this conference is being recorded, and it will be available at the company's IR website, where it's going to be available, the respective presentation as well. We highlight as well that who may need simultaneous translation, we have this tool available on the globe icon written interpretation located at the bottom center of your screen. By selecting it, choose your preferred language, Portuguese or English. For those listening in English, there's the options to mute original audio, clicking in Mute Original Audio. For the Q&A, question and answer session, we advise that you send your questions via the Q&A icon at the bottom area of your screen. By dynamics, your names will then be announced that you can ask your question live. At this moment, a request to activate your microphone will appear on your screen. Considering that some of the panelists are gonna be remote, some instabilities may occur on the earnings conference call, impacting on your response time, especially during the Q&A. We count on your comprehension. We emphasize that informations contained in this presentation and eventual statements that may be done during this earnings conference call, related to perspectives of businesses, projections, and operational and financial goals of Energisa, they constitute on beliefs and premises of the company, such as informations currently available. Future statements are not proof of performance. They involve risks, uncertainties, and premises because they refer to future events, so they depend on circumstances that may or not happen. Investors must comprehend that economic conditions, market conditions, and other factors can affect the performance of Energisa, and it will conduct on results that may be different from expressed. Now, I would like to give the word to Ricardo Botelho, CEO of Energisa, so that we can start the presentation. Ricardo, please go ahead. Thank you, operator. Good afternoon to everybody. First, I'd like to thank the presence of all you guys on this Q4 presentation. I'd like to let you guys know who is here in this presentation. Mauricio Botelho, the CFO. Fernando Maia, the Regulations Vice President. Gioreli de Sousa Filho, Network Vice President. Roberta Godoi, Energisa Vice President. Newton Santos, Revenue Protection Director. Our investor relations team as well. Before we start. First I'd like that you please pay attention to the warnings that we have on the slide before you take any action of investing in the company. Starting our presentations for this quarter, I would like to highlight some of the events that happened on the companies that we work on. On distribution, it was like a really good year for us. It was the greatest company on energy segment this year. We are one on eight topics on 12. We're elected the best company. Beyond 500,000 consumers as well. We got the minimum wages, minimum numbers of consumption as well on these numbers. On energy losses, we are 0.85 percentile points below the target limit as well. Because of the regulatory items on the privatization, we are working right around. In these results, we have an efficient capital as well in the last few years. These results, they're recognized for our customers as well. On distributed generation, we got, we invested BRL 842,000 million on the 2022, we got 108 MW million peak on 333 power plants this year. We got an improvement of 57% as well, 340% on market, presentation as well, and the regulatory time on this period as well. On our stock as well, we captured some, market as well, on shareholders as well. The revenue of Energisa, it almost doubled its results on the last few years as well. With the new contracts that we acquired on maintenance and solar plants and distribution, and also on automation panels and additives as well. On transmission, we evolved our portfolio relevantly in 2022, acquiring on an auction on transmission energy, Energisa Amazonas one and two, and three lines of energy on Gemini. We did this with 15 months before it was expected. Totaling this, we have eight operational lines available that represent BRL 6,065.5 million of revenue, and they total about BRL 116 million, 1,000 RAP with our four other construction operations. Entering our operation, solar operations on Rio do Peixe I and II in Paraíba, mark the return to the portfolio of the group. With 70 MW peak energy installed capacity and working with Energisa, it's 100% and higher until 2027. Also in 2002, we did an increase of capital of BRL 738.3 million with the subscription bonus of the seventh emission of the ventures of Energisa with BNDES. With this movement, BNDES became the third biggest shareholder of Energisa. This was my presentation, and I would like to give the word back to Mauricio Botelho. To present his main results of the year and quarter that ended December 2022. Good afternoon, I appreciate your presence here on our earnings conference call for the quarter and the year as well. With the results of 2021, they were represented as well. We identified with our numbers, the need to recheck some of the information and the results that weren't checked as well, to have a better reflection comparing these periods and having clarity on our information, financial information to show you guys. We're going to show you previous presentations as well, and about this topic as well. Then start working on revenue. It didn't impact it on the customers as well, and with the Taxas. We have any difference on volumes on the revenue that was not checked as well, with this volume that we have here available. With the Taxas that we have the methodology available to show you guys here. We are talking about 0.6% in 2022, and 19% in 2022. This is gonna show any difference with our dividends, even with Energisa or its partners. These numbers, they keep stable. The results that we have available on screen with you guys. It's gonna be compared to 2021 years compared for you to check guys. In this order as well, virtue of the adjustments that I mentioned earlier here, and with the recurring informations, the conventional EBITDA, excluding the VNR of the distribution and including the transmission regulatory EBITDA. We took out the effects that didn't impact the EBITDA. The recurring EBITDA, it increased 8.3% and reached BRL 1.44 billion in the fourth quarter 2021. In 2021, more precisely on the first quarter, we had a non-recurring effect of BRL 95 millions that helped on the result on this year and on the, on the results of the check. Other effect that we have here. Since the effect of the EBITDA, all of them checked on each quarter. On this way, reflecting better comparing between quarters, we consider this the non-recurring one. Everything that didn't belong in the fourth quarter. The adjustment was, on the first quarter was with BRL 152 millions and BRL 226 million on the fourth quarter in 2021. By adding everything, the adjusted EBITDA had a growth of, and reached, BRL 5 millions reais. Billion reais, sorry as well. Now the EBITDA without the adjust had a growth of BRL 1.44 billion. Without the adjustments, it had a growth on the same level, 9.1% on the 1st quarter and 19.2% on the reach. Reached almost BRL 7 billion. Next slide, please. Sorry, just forgot to talk about the PMSO. The group keeps working with discipline on the operational costs that, as you can check, the PMSO, they had a growth of 2.1% on the period. 2.5%. BRL 294 billion, the growth was below the Taxas, 5.8% on this year. Talking about distribution, that's the biggest part of our cash flow generation. We had a reduction of PMSO of 2.1% and 1.2% with the year and got this number. Now talking about the net income. Like we talk about EBITDA, we show the net recurring net income, including effects on stock that we have marked, stock options and subscription bonus. At this quarter, the adjusted net income was of BRL 535 million, 35% bigger than the BRL 396 million registered in the fourth quarter 2022. The non-recurring effects, it had a negative of BRL 120 million, while in 2021 it was a positive of BRL 50.6 million. In the year of 2022, the net income, it had a growth of 4.4%, totaling BRL 1.7 billion. Checking about the profits, the revenue at the year, it was about BRL 2.4 billion, representing about BRL 12 billion. It had about a loss of 13.7%. Most of it explained by the increase of the expense, financial expenses and taxes higher than the economy. Next slide, please. Talking about the investments. We had an expressive growth comparing to the year of 2021, being influenced mainly by the distributors that had a tax review. We are gonna be passing through a tax review in 2023, meaning EMT, EMS and EAC in April, and Rondônia and Acre in December. Talking about April, we had an increase of 41%. In EMS, we got a base of BRL 3.2 billion, representing 33.5%. CESP as well, protocol growth, it represented about 25%, BRL 1.3 billion. We believe that, once confirmed this information, we're gonna have a good recovery on the second quarter. Talking about the investments of the year. We had a total investment of BRL 6.5 billion against BRL 4.2 billion in 2021. The total growth on the distribution segment, it was 52.7% and reached the start mark of BRL 4.7 billion. Adding, it's important to mention that investments on distributed generation, they reached BRL 843 million and in transmission segments it was BRL 592 million. Next slide, please. On this slide, we're gonna be talking about the debt. Besides the growth that we have got on the investments and the taxes increase, it's levering. We kept, like, healthy below the limit of 4.25x the debt. Comparing to the same time at the last year, we got an increase of 0.2x, closing the year at 3x the debt. I'm talking about the bimester of 2023. As we showed on our release. I'm talking about investments. We worked until March 15, getting information, acquiring information, BRL 3.8 billion and BRL 1.4 billion as well on capital. Reinforce the cash flow on 45% of the debt to we'll be working on 2023. Talking about on other informations as well, that we have on the Energisa Group, they retreated 0.3% comparing to the last year, sorry. We had a decrease of the consumption of non-rural classes. The factor is because of the resolution 901 with the classifying customers as well. As we can check about weather, we using less irrigation. Okay, moving on to the next slide. Talking about losses. On the energy losses on the fourth quarter, it was 0.51 percentage points, lower than the results showed up on fourth quarter 2021 and 0.14 percentage points lower than the third quarter 2022. About the restraints that we have available with the pandemic, and the total reduction losses, it was of 297 GW. Between the 10 distributors of Energisa Group, nine presented reduction of the losses related to the same time last year. The consolidated of the Group, we've reached those lowest landmark of losses. Only Mato Grosso is a little bit off the edge, 0.04 above the levels. We must highlight here as well the excellent performance of Rondônia, that on the fourth quarter presented that they got inside the limit of the loss with 1.85 percentage points comparing to the same time, 2021. Comparing to December 2017, one year before the IPO, we had an improvement of 5.68 percentage points. In Acre as well, it was of 7.11 percentage points. We keep investing on technology, the advanced technologies, checking the wrong usage, we are checking fraud, we're protecting our revenue by doing this. On the next slide, please. We're talking about DEC and FEC. We've kept our good performance on the last few quarters, staying below the regulatory level. Some of the main highlights were Mato Grosso, that reached the best result on the history, both to FEC and DEC. DEC had a reduction of 3.28 hours related to December 2021, and FEC had a reduction of 10.42%, equivalent to 0.85x related to 2021. Rondônia and Acre as well, they kept the improvement tendency, and they reached the best result on the history for FEC, with reduction of 2.51x and 1.55x respectively, related to December 2021. Next slide, please. Closing our results of 2022 with BRL 368 million with provisions. In 2021, this result was about BRL 240 million. With comparative effects, we must exclude no recurring effects that have in 2021. It brought a positive effect of BRL 9.4 million. By this way, being adjusted by FIDC, we had a number that went to 1.44%- 1.28% by 2021, a difference of 0.16 percentage points. You can check as well the declining trajectory by recovering along the year. We're working simultaneously, revisiting our groups to try to improve our service. Besides our work here, we don't know how it's gonna be working. Next slide, please. Now talking about transmission as well. The year of 2022, it was a lot of big transformations for us. We concluded the acquisition of Gemini for BRL 822 million, composed of three transmission lines already operational, that allowed us to do more than duplicate the revenue of the segment. We acquired an auction on the middle of the year, the Energisa Amazonas 2, with our other projects that we have in Amazonas. At the end of 2022 and the beginning of 2023, we completed the construction, and we started our biggest project, it's Energisa Tucumã 1. Adding everything, we have eight operational lines available and four in phase of construction. We're focused to deliver all these projects as planned. These constructions that we have, and we did this like, with an average 15 months before the expected time that we did available, so we improved the revenue for the group. We got inside with Energisa Group on the transmission segment in 2017, we delivered a relevant evolution. In revenue terms, as you can check, we had a growth from BRL 83 million from happy to BRL 781 million reais considering. Next slide, please. Talking about Energisa here. You guys know, Energisa is the brand of the group that reunite the business not regulated with Distributed Generation, working with this energy on the free market with the one-stop shop concept. In the year 2002, we added 128.3 MW peak of potency and 32 new power plants. We closed the year with a total of 181.1 MW peak and 53 power plants operational. The equivalent to support a city of 500,000. We must highlight as well that on the year 2022, the growth of the installed potency of the company. In Brazil, it was of 78%, and Energisa was greater. We had a growth of 215%, making it possible to give support to the micro, small, and medium companies. We got a base of 3,000 customers as well. Talking more about this topic, we had a lot of restrictions with Minas Gerais as well. We got an improvement, an increase for another areas as well, and we keep compromised with our plans of growth in the GD. Talking about commercialization as well, we had an excellent performance in 2022 of 42.5% with EBITDA against a negative of BRL 26.2 million in 2021. We've recently got a profit of BRL 16.3 million. This turnaround was because we got the right opportunities and the best moment as possible to adequate our portfolio of contracts. Talking about medium and long-term lots, we totaled 1.9 TW and 100% of generated, and we got 17 MW median on our power plant on Rio do Peixe I and II. It worked on for the period of 2023- 2027. Complementing the energy solutions portfolio for Energisa, talking about aggregated value services, we registered an expressive growth of the net revenue of almost 80% with the increase of the construction and management line, mainly because of Tocantins Transmitter I, because it got on judiciary recovery. This is a highlight as well. We are now achieving another O&M contract of transmission. I finish here my presentation referring to the year 2022 this quarter, and we're open to Q&A session. Now we're going to start the Q&A session. We kindly ask that you can ask all your questions at once, waiting for the answer of the company. A reminder, for you to make questions, we guide you to make it through the Q&A icon located at the bottom center of your screen. By dynamics, your names will then be announced that you can ask your question live. A request to activate your microphone will appear on your screen. Please wait while we collect the questions. Now it's going to be our first question. It's from Marcelo Sá, Sell-side Analyst from Itaú. We're going to open the audio so that you can ask your question. Marcelo, please go on. Good afternoon. Hi, how are you guys? I'd like to, I have two questions. The first one it's about their concession renewals with MME, and these talks already started. If they already started or if you like what you are reading about the some information as well. The other question is about GD and CapEx, and if you notice any decreases on panel prices. If profits is gonna be getting better or not, and about the Taxas and, I'd like to know how you guys are seeing this and how we can work on this moment as I found out on CapEx. Thank you. Good afternoon, Marcelo. Answering your question. Okay. The concession information, it's legally available in the concession contract and in the constitution as well, and it's possible to be working with the public. The company understands that this extension, it's not the best option that works with this public interest as well. It keeps working on with the services available that we have here. This change that's being discussed, it's a permanent situation, and the regulation, it works each five years changing and being adapted with these informations. You must not mix it with the discussion of extending it, the contract was not. Any way to work with this contract, it may show a distortion by comparing the results, and it may show the reverse resolution that we expect and checking about the tax charges and improvement of the quality of the services that we have here. The company understands that the ideal situation was, would be a faster resolution of the situation. That's because of some concessions, it's being near to its end, and it may compromise to the flux of the investments, and it works against the public interest. That's the main goal to be reached. Talking objectively about naming the secretary, executive secretary, we don't know his position, his side of the situation. We didn't have an opportunity to talk with him, but we may have the situation shortly, soon. Answering the second part of your question for Marcelo. Thank you, Marcelo, for your question. Thanks for your question. To put some points here available, the modules that we bought that we may have to do this on this year, we already did everything. Deliveries, they're already happening, they're scheduled. About the price of the plates, solar plates that we have here, yes, it had a small decrease of the value from what we expected in 2022, and mostly about the resulting, about the delivery situation costs that we had here. We could see this difference here, stating 2023 against 2022 and about the tier. We are in a competitive market here showing up, and we must show our position. We don't show this. We keep this inside as on a strategy of how we work, but thank you for your question. Thanks. Thank you, everybody. A reminder, if you wanna make some questions, please send them via the Q&A icon at the bottom area of your screen. By dynamics, your names will then be announced so that you can ask your question live. On to our next question. It's from Guilherme Lima, sell-side analyst from Santander. We're gonna open your audio so that you can ask your question live. Guilherme, please go ahead. Good afternoon, everybody. I have two questions here as well. First one, I would like to talk about the topics, the concession topics and with the interactions that we have with the technical information with ANEEL, MME as well. If you notice any alignment with proposals on how we could talk about this concession renewal, and do you understand if it has any damage comparing to any other option about cutting some hubs as well, and if you can negotiate something else about the delivery of these services as well. If you understand that there is any option available to work with this, about this renegotiation with these contracts as well, with the contacts, with the distribution. The other question is about the results. If you could improve the numbers with the retroactive results that we had on 2021. I'd like to know if it affected any quarter of 2022 and how you guys noticed this. How you guys know and how you guys can show us about these numbers changing, and about the Taxas numbers of 2022, if you can tell us about this, about GR. Hi, Guilherme. About the extension of the contracts, concession contracts, we don't have anything on the table here, but of course, we talk about the engineers from ANEEL and all the other companies. Right now, we currently have nothing on the table to be discussed about it. There is any way that we can talk about some energy costs to be worked with. We understand that the best option right now non-damage. Of course, any non-damage is gonna be the shortest market. We believe that we must wait a little bit more how it's gonna be working out. Again, let's try to understand a little bit better about the modifications that you asked about. This is a thing that's like goes way back, like from 2018. We had a distribution of a ban of frontal fish, of PIS/COFINS. We had that in credit, it was like a lot volatile. When now they got a demand with Energisa with the minimum number and a max number that we must work on. When we reached the limit, we started having credit. We reached these numbers a lot. We got a lot of credit in the PIS/COFINS. It must have a mix-up with the numbers. When you're supposed to have like 100 HIs, we have an increase of nine HIs and 25, we had to put this number of the average to check this, to get this total amount. Again, this is a revenue, estimated revenue, not cash flow. What happened when we reached the limit, and we already had a gross up with the previous calculation as well. We did another gross up of the calculation as well. It's a small one that it had a good increase, and it had another increase in 2021. It worked with the growth informations on megawatts. The average situation as well, it happened in 2021. We got a recovery from the pandemic as well, an increase in our volume, and we got a potential volume on taxes as well. If you can check on the second semester of 2022, we got a with the flag charges, we got on the red one being aggravated. Being for 2021, so this should grow up. This cost got included on our review that we do it from time to time. We looked about this, about the representation on these numbers. We had like an increasing number. We did an investigation on this. We noticed that we had this problem. We opted to make this re-showing of these numbers to let you guys know and show how it really worked on. We couldn't, like, should put all this confusion on this quarter. We did a back work on the year, showing each period of time. You asked about some Taxas. The variation of the Taxas, of the non-worked one. It affects as well, the Taxas. The variances work on. Thank you, guys. Another reminder that if you wanna make some questions, please send them via the Q&A icon located at the bottom area of your screen. By dynamics, your names will then be announced so that you can ask your questions live. Please, moving on to our next question. It comes from Antonio Junqueira, Sell-Side Analyst from Citi. Antonio, we are gonna open your audio so that you can ask your question live. Antonio, please go ahead. Hi. How are you guys? Good afternoon. The market today says that, basically Efrain represents a risk for the sector, for the distributors specifically. The market, most of the times they are wrong. I hope that this is a wrong information. We have a lot of informations about the market as well. I'd like to hear from you guys, since I work with ANEEL and I have this connection with guys from Catamarca, and I'd like to know if they are right with this risk perception or if you believe they're wrong and because of the regulatory opinions, the company, they have like a really deep connection with the group. You can like build some perceptions from should be right or wrong. I would like to know your guys' perception about this. It would be good to hear your opinion. Hi, Junqueira. How are you? Good afternoon. Thanks for your question. Really, I believe there is a little bit of exaggeration on these news. Not only we've lived with the secretary for four years when he was a director for ANEEL, with a civilized situation, specific, without many problems. It's good to remind as well that before this, he was a director. He was the director of Energisa Acre, and from Ceron as well. He understands the problems on distribution better than anyone. He's far close upfront. I can't understand this, like, not optimism about this. I believe, like, just the opposite. He understands good about this, the difficulties as well on the distributors. Thank you. This is from my side. Thank you. Another reminder that if you wanna have any questions, please send them via the Q&A icon located at the bottom area of your screen. By dynamics, your name will then be announced so that you can ask your question live. Without an y further questions, we close our Q&A session We close as well the earnings conference call referring to the fourth quarter 2022 from Energisa. The investor relations department is available to answer all your questions. Thank you to our participants, and have a good afternoon. Good afternoon to you guys.