CORPORATE PROFILE

Structured as a holding company in 2006, the Company has two wholly owned subsidiaries - Celesc Geração S.A. and Celesc Distribuição S.A. In addition, it holds a controlling interest in Companhia de Gás de Santa Catarina (SCGÁS) and is a partner of Dona Francisca Energética S.A. (DFESA), Empresa Catarinense de Transmissão de Energia S.A. (ECTE), Companhia Catarinense de Água e Saneamento (CASAN) and the Usina Hidrelétrica Cubatão S.A. project. Its controlling shareholder is the State of Santa Catarina, which holds 50.2% of the Company's common shares, corresponding to 20.2% of the Total Equity.

CLSC4

Marked cap on 9/30/2020

3Q20 closing price: R$52.81

R$2,071 million

Change in 3Q20: -1.28%

US$368 million

Ibovespa: -0.47%

Free Float 75.5%

3Q20 HIGHLIGHTS

  • Billed energy in Celesc Distribuição's concession area reached 5,984 GWh in the quarter;
  • Service quality indicators: DEC came to 6.3 hours and FEC totaled 4.7 interruptions;
  • Consolidated Net Operating Revenue (excluding construction revenue) totaled R$2.0 billion, reflecting the performance of the subsidiaries Celesc Distribuição and Celesc Geração and shareholdings;
  • Unmanageable expenses (electricity costs) increase 1.1% in the quarter;
  • Manageable costs (PMSO) totaled R$224.4 million, 15.7% lower than in 3Q19, due to cost-reduction initiatives;
  • Consolidated net income reached R$80.3 million in the quarter, of which R$541.5 million from the subsidiary Celesc Distribuição and R$17.3 million from the subsidiary Celesc Geração;
  • Consolidated EBITDA totaled R$180.2 million in the quarter, of which R$144.6 million from the subsidiary Celesc Distribuição and R$26.9 million from the subsidiary Celesc Geração;
  • The Celesc Group closed 3Q20 with consolidated net debt of R$686.4 million, equivalent to 0.8x 12M adjusted EBITDA and 0.4x shareholders' equity;
  • Consolidated investment amounted to R$456.7 million, of which R$425.4 million in the subsidiary Celesc Distribuição and R$31.2 million in the subsidiary Celesc Geração;
  • CLSC4 shares declined 1.28% (positive change of 19.72% in twelve months) in 3Q20.

3Q20

WHOLLY-OWNED

SUBSIDIARIES.

Celesc Distribuição S.A.

The Company supplies energy to over 3.0 million consumer units located in 286 municipalities in Santa Catarina (92% of the state's territory) and in Rio Negro, in Paraná state. The Company distributes around 2.1 million MWh monthly, and gross revenue reached R$12.7 billion in 2019.

Celesc Distribuição - Consumption by Class 9M20

Demais

Classes

5,6%

Suprimentos

8,6%

Residencial

Rural

25,6%

4,9%

Mercado

Comercial

Total

9M20

16,2%

Industrial

39,1%

Celesc Geração S.A.

Celesc Distribuição S.A. | Breakdown of Billed Energy by Consumption Class (in GWh)

Consumption Class

Number of Consumer Units**

Consumption (GWh)

sept/19

sep/20

3Q19

3Q20

9M19

9M20

Captive Market

3,030,110

3,103,904

2.4%

3,720

3,738

0.5%

12,334

11,966

-3.0%

Residential

2,382,161

2,445,628

2.7%

1,347

1,480

9.9%

4,581

4,741

3.5%

Industrial

109,374

113,642

3.9%

604

566

-6.4%

1,845

1,624

-12.0%

Commercial

276,912

283,468

2.4%

706

641

-9.2%

2,502

2,261

-9.6%

Rural

233,720

232,532

-0.5%

262

261

-0.5%

876

865

-1.2%

Energy Supply

30

19

-36.7%

444

465

4.7%

1,417

1,431

1.0%

Other

27,913

28,615

2.5%

356

325

-8.6%

1,113

1,044

-6.2%

Government

23,193

23,631

1.9%

100

73

-26.9%

337

269

-20.3%

Public Lighting

840

875

4.2%

164

158

-3.5%

491

478

-2.5%

Public Service

3,485

3,676

5.5%

89

91

2.3%

274

287

4.8%

Own Consumption

395

433

9.6%

3

3

-4.9%

11

9

-14.3%

Free Consumers

1,093

1,303

19.2%

2,280

2,246

-1.5%

6,808

6,566

-3.6%

Industrial

638

728

14.1%

1,999

1,963

-1.8%

5,890

5,617

-4.6%

Commercial

427

534

25.1%

212

220

4.1%

723

735

1.6%

Rural

7

9

28.6%

15

16

6.8%

45

48

5.8%

Supply*

21

32

52.4%

54

46

-13.7%

151

167

10.9%

Total Market

3,031,203

3,105,207

2.4%

5,999

5,984

-0.2%

19,143

18,532

-3.2%

Residential

2,382,161

2,445,628

2.7%

1,347

1,480

9.9%

4,581

4,741

3.5%

Industrial

110,012

114,370

4.0%

2,603

2,529

-2.9%

7,735

7,240

-6.4%

Commercial

277,339

284,002

2.4%

918

862

-6.2%

3,225

2,996

-7.1%

Rural

233,727

232,541

-0.5%

277

277

-0.1%

920

912

-0.9%

Supply

51

51

0.0%

498

511

2.7%

1,568

1,598

1.9%

Other

27,913

28,615

2.5%

356

325

-8.6%

1,113

1,044

-6.2%

Celesc Geração is a subsidiary of the Celesc Group that operates in the electricity generation segment by operating, maintaining and expanding its own generation sites and holding interests in energy generation projects in partnership with private investors. Celesc Geração's generation capacity totaled 118.21 MW in the period, of which 106.97 MW from its own sites and 11.24 MW from partner sites - proportional to Celesc Geração's interest in these projects.

Companhia de Gás de Santa Catarina - SCGÁS

SCGÁS is the second largest distributor of piped gas in terms of number of municipalities served in Brazil. Santa Catarina is the state with the fourth largest natural gas distribution network (1,157 kilometers) and the third largest number of industries served with natural gas, in addition to having the third largest network of compressed natural gas (CNG) stations in the country. With 100% of the concession for the exploration of natural gas distribution services in Santa Catarina, the Company sells and distributes approximately 1.9 million cubic meters of natural gas per day to approximately 13,500 customers.

For further information, please access the Company's website www.celesc.com.br/ri or contact the Investor Relations Area:

Phone: (55 48) 3231-5100

ri@celesc.com.br

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CELESC - Centrais Elétricas de Santa Catarina SA published this content on 05 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2021 17:07:01 UTC