Alupar’s Investor Relations website contains forward-looking statements, which are subject to risks and uncertainties, as they were based on Management’s beliefs and assumptions and on information available at the time. Forward-looking statement include statements regarding the current intentions, beliefs or expectations of the Company or its Management in relation to a series of issues, including:
changes in the Brazilian market’s economic, political and business conditions, such as an increase in interest rates and inflation, the appreciation or depreciation of the real, and reduction in expenses with infrastructure projects;
increased competition in the generation and transmission sectors.
Alupar’s capacity to fully implement its business strategy;
Alupar’s success in regard to acquisition and new business partnerships;
difficulties in obtaining financing for the development of Alupar’s activities;
interruptions in the operation of the Brazilian transmission system or variations in the quality of Alupar’s services;
Alupar’s capacity to implement its growth strategy in the transmission and generation sectors due to growing competition;
the suspension or cancelation of Alupar‘s tax benefits;
the loss of certain key members of Alupar’s management;
Alupar’s significant indebtedness level;
non-compliance with the provisions in Alupar’s concession contracts and authorizations;
difficulties in expanding Alupar’s activities in certain markets, particularly Latin America.
problems regarding financial and commercial relations in the partnerships related to SPE activities;
outsourcing of Alupar’s installation operations and maintenance;
insufficient insurance to cover losses arising from possible claims;
government measures affecting the regulatory framework governing Alupar’s activities, changes in the terms and conditions applicable to the concessions of its current and future concessionaires generating unforeseen cost increases or revenue reductions;
the financial balance of Alupar’s concession contracts and authorizations, as well as the resulting impact on cash flow;
future regulatory measures or government policies related to the Brazilian infrastructure project concession program that may jeopardize Alupar’s growth through PPPs (public-private partnerships), bids or acquisitions.
risks related to the construction, operation and expansion of Alupar’s electricity transmission and generation installations and equipment;
changes in environmental regulations;
energy shortages and the resulting energy rationing, as in 2001 and 2002;
the extinction by ANEEL of Alupar‘s concession contracts and authorizations before the end of their respective validity periods resulting in insufficient indemnification payments to cover the full amount of Alupar’s investments;
higher-than-expected construction costs;
other factors and trends that may impact Alupar’s financial situation and those risk factors presented in the Risk Factors section; and
other statements contained on this website related to non-historical facts.
Investors should be aware that the above-mentioned factors, in addition to others discussed on this investor relations website, may affect the Company’s future results and may lead to results that are different from those expressed in the forward-looking statements on this site and in documents contained herein.
Forward-looking statements also include information on the possible or presumed future results of the Company. This information is presented in several sections on this website in statements that include the words “believe”, “may”, “continue”, “expect”, “foresee”, “intend”, “plan”, “estimate”, “anticipate” or similar.
Forward-looking statements do not represent a guarantee of performance. They involve risks, uncertainties and assumptions, since they refer to future events and therefore depend on circumstances that may or may not occur. The future condition of Alupar’s financial situation, operating results, strategies, market share and market capitalization present a significant difference if compared to those expressed or implied in said forward-looking statements. Many of the factors that will determine these results and amounts are beyond the Company’s capacity to control or foresee.
Investors are advised not to place undue trust in forward-looking statements.