2. 222
Highlights: 1Q09
Net Revenue of R$ 980 million in 1Q09, growth of 16.2% related to 1Q08;
R$ 199,9 million in dividends declared to 2009, related to 2008 results, to be paid in 3 installments during 2009 fiscal
year;
Network extension increase d in 452 Km in 12 months, reaching 5.801 Km of extension;
Over 89 thousand residential units added (UDAs) in 12 months, reflecting the aim focus of the Company in the
expansion of residential market;
8. 888
Comgás: Financial Results
R$ thousand
1Q09 4Q08 1Q08 D 1Q09/4Q08 D 1Q09/1Q08
979,593 1,054,801 842,765 Net Sales Revenue -7.1% 16.2%
-683,959 -728,483 -536,694 Cost of Goods Sold and/or Services Rendered -6.1% 27.4%
295,634 326,318 306,071 Gross Income -9.4% -3.4%
-112,431 -135,915 -96,155 Selling, General and Administrative Expenses -17.3% 16.9%
-38,253 -35,400 -31,616 Depreciation and Amortization 8.1% 21.0%
-37,055 -34,874 -27,524 Financial Results 6.3% 34.6%
146,148 155,529 182,392 Operating Income -6.0% -19.9%
-16,120 -14,902 -14,440 Non Operating Result 8.2% 11.6%
95,805 102,806 119,890 Net Income -6.8% -20.1%
221,456 225,803 241,532 EBITDA -1.9% -8.3%
9. 999
Comgás: Financial Indicators
Note:
Results achieved during the period were annualized;
1T09 4T08 1T08
Equity per share ($) 9,2 9,5 7,3
Earnings per share ($) 0,8 0,9 1,0
Net Debt per Equity (%) 147,1% 126,5% 145,2%
Current Ratio(x) 0,7 0,8 0,6
Gross Margin (%) 30,2% 30,9% 36,3%
Net Margin (%) 9,8% 9,7% 14,2%
EBITDA Margin (%) 22,6% 21,4% 28,7%
Return on Assets (%) 9,8% 10,2% 14,8%
Return on Equity (%) 34,7% 36,2% 54,7%
10. 101010
R$ Million
Dividends Paid
(c) Intermediate dividends over retained earnings
(b) Dividends referring to previous year
(a) Interpolate dividends over the current year result
10% 77%95%26%15%17% 75% 53%
153(b)
100(c)
50(a)
152(b)
178(a)
120(b)
59,5(b)
46(a)
59,4(b)
49(a)
150(b)
62,7(b)
62,7(b)
PAYOUT
100(b)
50(b)
49,9(b)
Declared to be
paid in 30/06
Declared to be
paid in 31/08
Declared to be
paid in 30/11
100(b)
50(b)
49,9(b)
.....
.....
.....
11. 111111
Investments – 2000 to 1Q09
Over R$ 2.8 billion invested in the period
Network Extension:
Mar/08: 5,349 km
Mar/09: 5,801 km
Main Projects:
Campinas; Butantã; Santos;
São Bernardo dos Campos;
São José dos Campos;
Pirituba; Jabaquara.
CAPEX
R$ MM
1Q08
90
1Q09
12. 121212
Investor Relations
Companhia de Gás de São Paulo – COMGÁS
www.comgas.com.br/en/investors/
Roberto Lage
CFO and IRO
Renata Oliva
Investor Relations
Rua Olimpíadas, nº 205, 10º andar - Vila Olímpia - CEP 04551-000 / São Paulo - SP - Brazil