Good afternoon, ladies and gentlemen. Welcome to the conference call concerning the results of the Q1 of 2019 of Energiza. The audio recording of this conference is being transferred broadcast through energisa.com.br, where you can find the presentations for further download. I would like to inform you that the listeners actually did will be only able to listen to the presentation as opposed to participating at this point. There will be a Q and A in the end.
Should you have any questions or any comments, should you you should ask for the support of the operator by dialing this teleconference will be actually in Portuguese by the management of the company, and there will be simultaneous interpretation. We'd like to point out that statements that actually may arise concerning business perspectives of the company, projections and operational goals as well as financial ones are based upon planning and forecast by the senior management and Board of Directors of Energiza, and information will be available. Future developments are based upon uncertainty and the uncertainty of the market and future events that are not foreseeable depending upon circumstances that may or not occur. You should have clear at all points that the economic conditions, the industry as well as other operational factors may affect the future results of the company that may lead down to results that are different from those expressed here in this presentation. I'd like to pass on the floor to Mr.
Mauricio Portillo, who will start the presentation. Mr. Mauricio Portillo? Good afternoon. Ladies and gentlemen, I'd like to thank you for taking part of our conference call for the 1st Q of 2019.
Mr. Ricardo Votelis here Mr. Garellis, VP of Distribution Alexandre Nogueira, VP of Regulation Mr. Brendel, Director of Corporate Finances Mr. Motta, Director of Generation Services and Transmission Utilities and our team of IR, Investor Relationships.
I'd like to invite Q and A upon the end. As well as in the 4th Q of 2018, numbers actually will be based upon recent information. And we have the financial aspects. We have pro form a values that were shared back in 2018 that are confirmed now and we have forecast as well. Please Slide number 3, operational highlights with good performance of the market, 4.6%, another point that we have expressed here is rather stable with financial highlights, dollars 905,000,000 in that order and with profits in the order of 958,000,000 dollars Liquid profit, EBITDA rate, 2.7 fold.
And it's important to mention, as mentioned in all meetings, the BRL 1,700,000,000 concerning the combination of business Surinda and the act that were actually acquired in the end end of 2018. If we were to consider the a different scenario, we would have different numbers. That's why I'm pointing out the factors here. Our debt level, once we have negotiations actually always very clear. And as we're planning, 3rd May, now we have the 11th mission the percent yearly with investments for till April 2016.
We have, as we can see in the presentation, debentures that were based upon Saronian collect with the combination of those 2 energy distributors. The for we have 30 of April 30 here, Petrobras has been has taken interest in acquiring Parzapserin. And we have June 6 as it's our important date have come in. Please note here. We have the signature of contract and the proposal of the acquisition of Casel.
And Mr. Botelho will mention that at the end of my presentation on that. Let's go to Slide 4. We have here the energy provision market growing by 4.64 percent and Brazil grew 3.7 percent, 3.5% actually highlights for the Center East. Growth in Europe, 7%.
We have Mato Grosso do Sul actually with the greatest growth, 8.8% due to climate. And we know that the consumption actually in the food industry, minerals and such actually have had their own trend. We had 6.8% of growth in other areas as well due to variations of climate and such. We have furthermore high temperatures influencing the growth of 6.7% of Energism in the Southeast of Brazil. Mato Grosso, 5.8%.
We have here the company's electroacry with minus 1.4% or 3.6 gigawatts, influenced by the bank holidays and all relevant factors in 2018. Total losses of the group, we have the indicator here, considering the level distributed of the group in the other of 13.54% of the energy injected in or 0.4 percentile point beyond the regulatory framework. This not taken into consideration, sir, in electroaccry, actually, total losses represent 11 point 53% or 0.1% above the regulatory framework, below actually, I stand corrected. Wade points out Energia Amatoproso do Sul EMS with improvement in the order of 1.10 percent compared to March 2018 and with better performance in our history of concessions. And as Gizamato Grosso, Alex Collopsis dropped 0.39 percentage.
The concession actually the drop was with regards to March 2018. Confection is still diminishing its gap in relation to the regulatory framework with 0.22.percentale of our goal. Energiasapara Hipaa, as per 2018, we have had losses compared to the regulatory framework, reminding you that both companies were went through regulatory reviews concerning the drops that we have with efforts for us to regain our purpose. We have electroacry that is still doing well compared to the regulatory framework. Let's go to Slide 6.
Let's talk about quality indicator. The concession actually of Ceramic with all distributors of the group below of the regular quality regulatory framework. Many of these concessions continue to take down their own historic records, making new milestones with indicators of qualities such as in the case of EMT, ETO, and among others such as Energiza Token Chains. Among the companies recently acquired, we have Electroacry that remains below the flexibilized indicators, the CNSCC serum now with the increase of DAC compared in comparison to 20 18 due to the conditions of the market in terms of maintenance and such and the higher levels of rainfall in that region during that period. After the acquisition of these 2 companies, we are preparing a turnaround plan so that we can turn around these indicators with implementation actually allowing for the turning around and getting back to our objectives.
We have our 2 concessions actually. One that is currently undergoing auditing for the adaptation and taking it up to the standard of the market as per the standards of last year's, our PMS pro form a without Apsiran and Eletronkre. We'll go into the financial aspects. This regarding results that are to concern Serum and electroacne. 4.2% in the quarter, aligned with the inflation rates of the period, which were around 4.6.
Percent. Good share of increases in expenses has to have to do with the hiring of new talents, readjustments of wages, new activities taking on such as the shared services center, appealing internalization of activities of development of IT systems. On the other hand, our talent or HR front, we have made improvements in labor related action against us or even in the ammunizations, mainly in Mato Grosso do Sul. The reduction has to do mainly with investment in consultancy, especially for PSA, Energia Holding Mato Grosso. The line of material was influenced majorly by the consumption of equipment of EPP, personal protective equipment, the collective and the fleet of token chains, Energia token chains, Paraiba.
We have had in Mato Grosso civil actions decreasing numbers actually. Now Slide number 8, our TriMaster EBITDA rates, 22.4% increase without considering Serum and Acre with $958,000,000 of profits. I would like to point out that we didn't consider the effects actually not recurring details in the annex of this presentation with the EBITDA rates growing by 4% to 7.6 With the addition of $190,200,000 in the installment of the distributor, cash flow such as IFRS fifteen that has to do with the accounting for new energy transmission structures, mainly in the line of combination of businesses besides the margins for the energy transmitters, among the effect noncash flow, there was the a clear understanding of the market actually. Next, we are comparing EBITDA rates to the regulatory framework according to the 12 months without Seron and electro acne here. And the consolidation of the group were above EBITDA framework and regulatory framework in Georgia of 33%.
We point out the acquisition of companies such as Grupo Reheiji or Heiji Network Group in free translation with 31% up in regulatory framework prior to 20% in March 2018. In September 20 16, below our IPO, the acquisition of Grupoje that were below above, I sound corrected here, the glucoheg indicating the recovery was a successful one, OTISRV. Slide 10. Still with the EBITDA pro form a, 120.1 percent. And you'll see why in the annexed attached files to this presentation.
Actually, there is no annex in this presentation, but there are files attached. We are taking into consideration credits from this stage of total change in the order of $26,400,000 liquid from taxes. That our debt levels, we have to take into account the acquisition of Sternum and Eletroxine, dollars 11,200,000,000 I would like to point out that in that number, we have the adding up of the number $541,000,000 referring to the milestone market to market balance of Energiza and the debt of the balance of the debt actually included that balance in the order of 600,000,000 instead of the that we have an effect that will be the reduction of $1,200,000,000 in the liquid debt. The graph to your left, we see the decreasing of our debt with based upon CDI rates, and we are actually working based on base interest rates. We go to Slide 12, Investments Group, with the quarter in the order of 5 $46,000,000 Besides that, I've point out the results disclosed in the last quarter of last year.
We have a guidance for investments for 2019 in the order of $2,750,000,000 in the segment of transmission. We have invested around 50,500,000 dollars Slide 13. Concerning the Permian investments, we have projects that were acquired in April 2017. We have Energiza Goyas and Energiza Para 1 initiated work initiated in September October 2018 with 2 projects already obtaining licensing for installation. We have started negotiations with all related areas with most of the payments actually accomplished, less than 2% for the our final clearance.
The physical advancement of the construction work is according to the numbers here, 51 percent 43% for Energia de Goyas, Energia de Para 1. With regards to Energia de Para 2, we have the lot that was actually acquired in the auction of June 2018 or the bidding, the contract for a concession was signed in September 2018. After 6 months, the got on May 6, 2019. We have started the development of topographic studies as well as the regularization of the areas that are public within the environment, the AMD area. The basic project that was approved along with AMEO AMAL, which is the regulating body along with ONS, are evolving quite well.
I mean, our lands and landowners negotiation, we have agreements undergoing with good advancement and 80% of the areas actually we have got clearance. Energiza Topkenti, ZTO actually had a lot purchased in September 2018. And we have started the basic project studies for the development and environmental licensing with a concession signed in March on March 25, 2019. Those four loans actually add to an RAP of nearly 187,000,000 dollars with CapEx estimated in the order of €1,500,000,000 Now we have Mr. Maurizio with the next pieces of data.
Thank you, Mauricio. Good afternoon, ladies and gentlemen. I would like to invite you to look at Slide number 14 about ALSOLASOL. We assess the chain, the supply chain of the sector, and we signed a contract for the acquisition of the control of is also in renewable energy. It's a Brazilian company with closed capital and private capital in Uterlanda Minas Gerais state and it depends upon it is for the production of solar energy with other renewable energies such as biogas, biomass, wind energy and hydroelectric energy.
Furthermore, the operation has conditions that precede our acquisition with approval of CAD. But by the time the Article of Association under the new model is finalized, we have 87% of Energia, 10% to group Algon and 3% to Gustavo Poullave with the founder of a sold that will who will remain in as Chief Technology Officer in the company. Mr. Buiari is an electrical engineer with PhD on semiconductors from the d'Itorino, Italy with post PhD in electronics and the patents electronic patents from Alstom Transport Transa and is requesting actually has submitted for 13 patents. The generated distributed energy, GD, in Portuguese has made major advancements with photovoltaic panels, batteries, intelligent devices, allowing for growth independent on public policies on subsidies and such.
In Brazil, motivated mainly by incentives towards the compensation tariffs, fiscal exemption and major differentiation for conventional tariffs has done the has caused the growth capacity or DG development and growth between January of 2013 May 2019 to be in the order of 29.4 percent with 85% of installed capacity in DG or DG in English, which is from photovoltaic sources. The market is rather it is still very green. It is to be ripened. We aim for a market that has 6,000 small sized companies with providers. Installation case is not a market that has a major player that allows us to be very competitive in terms of global companies.
Also has around 90,000 photovoltaic plates installed throughout Brazil, which results in the other 25 MWP, 531 facilities implemented, mainly in Minas Gerais states, but we are present in 12 states. We have the growth rates above that of the country. We foresee the growth for the upcoming years along with annual forecast with a foreseeable market growing by 53% annually between actually 2018 2023. We cannot ignore those segments, and we believe that will allow us to make advancements that are proper with proper internal training to provide proper offer of new services and products in this segment. Slide 16, we have a few more numbers concerning household Besides 25 MWP concerning solar distributed generation, we have biogas, biodiesel storage, consumers units.
We have our own distribution system. We have many generation distributors that are on biogas, biodiesel and storage on lithium batteries. Among the main projects, I would like to point out, the main system of generation distributed based upon photovoltaic energy with many generations that is distributed from biogas, as I point that out again. I would like to point out that the net revenue of the company was $51,000,000 and the company had $1,500,000 in profit. Slide 17, we see here renewable energy.
So as per household, we have B2B, B2C, public bidding for sales and installation as we have the rental model as well or the concession models for our consortium members. As our clients actually demand more, Energiza has to be a company focused on our main purposes without a kind of proper analysis of the market, we should not move on. Energiza has to go where clients want us to be. And the company has evolved technologically, which has to do with the technologic and regulatory transitions with new business models with technologies that are emerging and are possible. The partnership with Alvaro Group, actually, a company a company and a company with mining of telecommunications, telecoms and technology also is also a sign of the group that the group is thinking of the energy transition.
I would like to wrap up the presentation. I would like to confess on to Q and A. Thank you, presenters, talkers. We will now start now Q and A. Can press actually the Square button.
Questions will be dealt with in the order that will be received. Please hold on while we welcome questions. Ms. Maria Mendes from Credit Suisse would like to ask the question. Good afternoon.
It's Maria Carolina. I have a question concerning the process of tariff revision extraordinary from Rondonia and Equisestate for us to be updated concerning the process of judgment of what the basis will be if we were to consider May, for instance, we were to expect that we had the year process actually wrapped up for us to analyze the assets portfolio and start working with SRF with proper indicators. If you could actually comment on that with a more precise process concerning information, especially when it comes to the request for revision. You focused on the cost analysis of the companies and the legacy that they brought along. Now with concerning new distributors, we'd like to have further information because we see that we have like contracts seizing that actually cost a little bit to the company.
And with these new companies, actually, you have to be to review and have to review your best practices and your general practices with Energiza in these 2 companies. The first question, I'd like to pass on to Alexandre, who is more prepared to deal with the regulatory framework. Good afternoon, Maria. Concerning compensation and tariff framework, We'll have in December the revision of tariffs of Acrea and Ondonia. The administrative process is ongoing.
We have part of it to be wrapped up by May, early June. We have so probably will have early July or early August within that period. The actually updated portfolio of assets. I think that next one is to Mr. Mauricio.
Concerning the programs for acne and Hondonia in January, we started a process. That was for encouraged retirement concerning your question, and we had a PDV program developed for the companies concerning the last company to be totally turned changed, especially what have internally named Thai, which is encouraged retirement and PBVs will have a less and a kind of diminishing of the burden of uracobserone cut down by 25% with less 25% in our labor force in the company. Thank you. Mr. Kai Iquitos Conselos from Safra Bank would like to ask a question.
Good afternoon, all. Thank you for the presentation. I'd like to understand your EBITDA. I understand that you still have a few negative areas. What can we expect for the through this unfolding the upcoming months of this year?
What are your expectations, if you could share with us? The effect, the negative effect that we had in the early stages of the acquisition with these new companies. In back home, we have helped us review our procedures and we have to make a proper and you have to present a clear portfolio of products and services. And we had a margin compared to the general market, a difference in the order of $28,000,000 But this is a portfolio of products and services that is long running and long term. That's why we have these expectations and have had these losses.
I'd like to pass on the floor to Mr. Ricardo for his final remarks. Mr. Ricardo, your floor is yours. Advancements in the planning that we have for this new this Q1.
We have achieved quite a few results as we have seen. As mentioned by Alexandre, we have to review the compensation program and planning, and we have revision in December this year. 81% of our planning has been accomplished, and we are certain that when we are to look at ourselves the light of the competition, we are more than prepared to deal with that. We are rather happy with the advancements of the energy transmission lines as shared with you here. We benefit from the acquisition of this group, actually what we have gained with what the we've seen the deadlines that we expect actually.
And we have maintained a rhythm within our growth up to what we afford in terms of scalability, I'd like to thank you all, our shareholders. And ladies and gentlemen, The Q1 of 2019 conference call is adjourned here. Please disconnect your lines now. Thank you.