Gustavo Fadiga's questions to Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (SBS) leadership • Q2 2024
Question
Gustavo Fadiga questioned how Sabesp intends to significantly accelerate its Capital Expenditures in the second half of 2024 to reach its BRL 8.1 billion annual target, given that only BRL 2.7 billion was spent in the first half.
Answer
CFO Catia Cristina Pereira explained a key component of the financial strategy supporting the investment plan. She detailed a short-term debt swap operation designed to mitigate risk during the ownership transition and confirmed that the company's fully hedged foreign currency debt will be renewed in December. This strategy ensures financial predictability to support accelerated CapEx.