Sign in

    Arthur Pereira • J.P. Morgan

    Arthur Pereira's questions to Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (SBS) leadership

    Arthur Pereira's questions to Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (SBS) leadership • Q2 2025

    Question

    Arthur Pereira of J.P. Morgan questioned the tariff review timeline, particularly the lack of a public hearing process before the final disclosure in December, raising concerns about potential friction with consumer groups. He also asked for details on the expected financial compensation for CapEx that was not executed during the previous tariff cycle.

    Answer

    CEO Carlos Augusto Leone Piani clarified that the provided timeline adheres to the concession contract and that a public hearing for the new RAB evaluation methodology is planned, though slightly behind schedule. He also suggested he would advocate for making the final RAB number public in September. CFO Daniel Szlak confirmed that compensation for non-executed CapEx is a component of the review but declined to provide an estimate, stating it should be a technical calculation. Piani added that non-executed CapEx is the largest part of this adjustment.

    Ask Fintool Equity Research AI

    Arthur Pereira's questions to Centrais Eletricas Brasileiras SA - Eletrobras (EBR) leadership

    Arthur Pereira's questions to Centrais Eletricas Brasileiras SA - Eletrobras (EBR) leadership • Q1 2025

    Question

    Arthur Pereira requested a breakdown of the company's free contracting market exposure by subsystem and asked if there are significant differences in energy allocation capacity between regions planned for the second half of the year.

    Answer

    Executive Ivan de Souza Monteiro stated that specific commercial allocation strategies are confidential but assured that the company constantly monitors submarket risks. An unnamed executive added that while a significant price mismatch occurred in March due to hydrological differences, they expect prices between the North and Southeast to converge by November, which would naturally reduce submarket risk.

    Ask Fintool Equity Research AI