In This Article:
Release Date: February 27, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Alupar Investimento SA (BSP:ALUP3) reported a significant growth in dividend payments, reflecting a strong financial performance.
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The company maintained a favorable credit rating, enhancing its competitive position in the market.
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Alupar Investimento SA (BSP:ALUP3) achieved a 27.9% increase in net revenue, driven by inflation adjustments and infrastructure project growth.
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The company reported a 63% increase in profit compared to the previous year, showcasing effective financial management.
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Several ongoing projects, including those in Colombia and Chile, are progressing well, with some nearing completion, indicating strong operational execution.
Negative Points
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The company faced delays in a wind energy project due to transmission line issues, impacting project timelines.
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There were concerns about regulatory issues and reimbursement related to renewable energy projects.
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Alupar Investimento SA (BSP:ALUP3) distributes lower dividends compared to other companies in the sector, which may affect investor sentiment.
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The company is dealing with high financial expenses, which impacted its financial results.
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There is uncertainty regarding the valuation and operational start of the TNE project, posing potential risks to future performance.
Q & A Highlights
Q: Can you discuss the regulatory issues related to the acquisition of energy and the impact of renewable energy on the company? A: The CFO explained that the fourth quarter reflected a wind energy project delay due to a transmission line issue. This delay was significant and required a different approach. The company is engaging in dialogue with sector players and regulatory bodies to prevent similar issues in the future.
Q: Could you provide an update on the TNE project and the company's expectations regarding RAP and leverage trajectory? A: The CFO stated that the TNE project is 75% complete and on track to finish by year-end. Although there is no defined value for RAP yet, the company is maintaining a reasonable leverage strategy and plans to continue with the bonus shares policy, which has been beneficial for shareholders.
Q: Is there a specific country in Latin America where the company plans to focus its efforts this year? A: The CEO mentioned that the company is active in Peru, Chile, and Colombia, focusing on markets they are familiar with. They are continuously evaluating opportunities in these regions.