Fact Sheet 2Q09

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CPFL Energia is a holding company that, through its subsidiaries, distributes, commercializes and generates energy in Brazil, standing as the largest private group in the Brazilian electric sector. Its subsidiaries are widely recognized for its excellence and the sustainability of their business practices and are regarded as benchmarks in management, quality and operating efficiency. After the (IPO) in September 2004, CPFL Energia became the first private Brazilian company to simultaneously trade on the São Paulo Stock Exchange (Bovespa Novo Mercado) and on the NYSE as Level III ADR, both requiring the highest levels of Corporate Governance practices. Corporate Structure Corporate Profile 1 Includes Camargo Correa S.A. stake Free Float 25.7%1 31.1% 12.7% 30.5% 99.99% 89.81% 99.95% 90.15% 48.72% 25.01% 96.56% 90.15% 87.80% 89.75% 59,93% 5,91% Investco Paulista Lageado

Transcript of Fact Sheet 2Q09

Page 1: Fact Sheet 2Q09

CPFL Energia is a holding company that, through its subsidiaries,

distributes, commercializes and generates energy in Brazil,

standing as the largest private group in the Brazilian electric

sector. Its subsidiaries are widely recognized for its excellence and

the sustainability of their business practices and are regarded as

benchmarks in management, quality and operating efficiency.

After the (IPO) in September 2004, CPFL Energia became the first

private Brazilian company to simultaneously trade on the São Paulo

Stock Exchange (Bovespa Novo Mercado) and on the NYSE as Level

III ADR, both requiring the highest levels of Corporate Governance

practices.

Corporate Structure

Corporate Profile

1 Includes Camargo Correa S.A. stake

Free Float25.7%1 31.1% 12.7% 30.5%

99.99%

89.81%

99.95%

90.15%

48.72%

25.01%

96.56%

90.15%

87.80%

89.75% 59,93%

5,91% Investco

PaulistaLageado

Page 2: Fact Sheet 2Q09

Service Territory

CPFL Energia has announced an intermediate

dividend distribution, for 1H09, in the amount

of R$ 572 million, equivalent to R$ 1.191201324

per share and corresponding to 100% of net

income for the period.

The 1H09 dividend yield, calculated on the

average share price in the period (R$ 31.55)

is 7.6% (last 12 months). The shares were

considered ex-dividends on August 18, 2009.

Dividends Dividends and Dividend Yield

Declared Dividend¹ (R$ million)

Dividend Yield² (last 12 months)

Since the IPO (2H04), CPFL Energia’s dividend yield has already reached 71,03%3

1Payment in the next half year | 2Considering last two half-year’s dividends yield | 3IPO price per share: R$ 17.22

CPFL Price ($/ON) - Average

722

2H06

498

2H05

401

1H05

140

2H04 1H07

842

2H07

719

1H08 1H09

602 572

2H08

606612

1H06

3.7%

9.1% 8.7% 9.6% 10.9% 9.7%7.6% 7.3%6.5% 7.6%

16.58 23.33 30.05 28.25 31.74 35.99 36.11 33.38 31.5518.85

Page 3: Fact Sheet 2Q09

Financial Performance Net Revenue (R$ million) Ebitda (R$ million) Net Income (R$ million)

Debt breakdown - 2Q09Adjusted Net Debt/EBITIDA3 (R$ billion)

Net Debt /EBITDA

3 Last 12 monts EBITDA.

CPFL Energia’s success is supported by clearly defined

business strategies and by management excellence

criteria directed to the sustained growth of its

businesses.

Value Creation Agenda Goals

Value

Liquidity

Security

StrategiesOperational Efficiency

Synergic Growth

Financial Discipline

Sustainability and Corporate Responsibility

Differentiated Corporate Governance

Total Energy Sales – GWh1

Captive Market

Free Market

Sales by Customer Class2 – 2Q09

1 Excluding transactions between group’s companies (consolidation accouting criteria), CCEE and generation sales (except to the free market) | 2 Captive Market

Note: Numbers already incorporate the impacts of Law 11,638/07 and PM 449/08

Market

Fact Sheet 2Q09 | CPFL Energia

Adjusted Net Debt

29.8% Industrial

32.4% Residential

18.9% Commercial

18.9% Others

* Hedge Natural.

2Q08 2Q09

4.4%11,313

9,121

2,192

11,811

9,263

2,548

2,3102,657

691718

2Q08 2Q09

-3.7% -11.5%

289

2Q08 2Q092Q08 2Q09

327

15.0%

1.5% Dollar*

10.2% IGP

57.0% CDI

31.3% TJLP

2Q08

3.6% Dollar*

15.3% IGP

51.4% CDI

29.7% TJLP

2Q09

4.395.65 6.05

3.78 3.704.42

5.09

2006200520042003 2008 2Q09

1.92: excluding Foz do Chapecó

HPP debt

2007

2.85 2.251.74 1.57 1.53

2.01 2.17

6.28

2002

4.92

Page 4: Fact Sheet 2Q09

CPFL Energia adopts differentiated practices of Corporate

Governance, based on the principles of transparency, fair

ness, accountability and corporate responsibility.

Shares are listed on Bovespa’s Novo Mercado and ADS’s Level III on the New York Stock Exchange

100% of Common Shares with 100% of Tag Along

Free Float of 30.5%

Subsidiary Companies’ Bylaws aligned to CPFL Energia Bylaws

Financial Statements in compliance with US GAAP and BR GAAP standards

Report in consensus with Global Reporting Initia tive - GRI

Board of Directors consists of seven members, one being independent

3 Board Advisory Committees to the Board of Directors

Board of Directors and Fiscal Council self-evaluation

Review of Ethics and Corporate Conduct based on recom mendations in the Sarbanes-Oxley Act

CPFL complies with section 404 of the Sarbanes-Oxley Act

Corporate Governance

CPFL Energia believes that the pursuit of sustainability is a process

that demands the constant and innovative management of economic,

environmental and social impacts together with the maintenance of

ethical and transparent relationships with all its stakeholders.

The company has a management model structured on a diversity of

programs classified in the following groups:

Sustainability and Corporate Responsibility

Environment Environmental education for the communities Conservation of biodiversity Conscientious corporate consumption. New Clean Development Mechanism

Technologies and Projects (MDL)

Community CPFL Program of Volunteerism Municipal Council Support Program for the

Rights of Children and Adolescents (CMDCA) The CPFL Program for the Revitalization of

Philanthropic Hospitals

Internal Personnel

Program of Reflection and Ethical Management Respect for Diversity Program

Value Chain

Knowledge Management

Value Network The Tear Program

CPFL Culture Communications for Sustainability

CPFE3 (R$) CPL (US$)Shares Price 31.83 48.44 Maximum – 52 weeks 39.41 74.40Minimum – 52 weeks 26.83 35.27

Market Cap R$ 15.2 Billion US$ 7.8 Billion

Market Cap 479,910,938Exchange Rate 2 R$/US$ 1.95

Shares’ Information1

08/31/2009

Investor RelationsCPFL Energia – Rodovia Campinas Mogi-Mirim, km 2,5 | Zip Code 13088.900 | Campinas | SPPhone: 55 19 3756-6083 | Fax.: 55 19 3756-6089 | www.cpfl .com.br/ir | [email protected]

1 Without income adjustments | 2Dollar Ptax

Ownership breakdown

69.5% Controlling block

30.5% Free-float

Fact Sheet 2Q09 | CPFL Energia