Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp 6-K, filed Nov 30, 2022

Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp (SBS)

6-K 2022-11-30 For: 2022-09-30

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Added on April 09, 2026

About this 6-K

Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp filed this 6-K on November 30, 2022.

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Company Information
Capital Breakdown	1
Parent Company’s Financial Statements
Statement of Financial Position – Assets	2
Statement of Financial Position – Liabilities	3
Income Statement	5
Statement of Comprehensive Income	7
Statement of Cash Flows (Indirect Method)	8
Statement of Changes in Equity
01/01/2022 to 09/30/2022	10
01/01/2021 to 09/30/2021	11
Statement of Value Added	12
Comments on the Company’s Performance	13
Notes to the Quarterly Information	23
Comments on the Company’s Projections	73
Other Information Deemed as Relevant by the Company	74
Reports and Statements
Unqualified Reports on Special Review	76
Executive Officers’ Statement on the Financial Statements	77
Executive Accounting	78

Number of Shares	Current Quarter
(Unit)	09/30/2022
Paid-in Capital
Common	683,509,689
Preferred	0
Total	683,509,689
Treasury Shares
Common	0
Preferred	0
Total	0

Code	Description	Current Quarter	Previous Year
		09/30/2022	12/31/2021
1	Total Assets	55,994,109	53,165,485
1.01	Current Assets	7,138,423	6,502,998
1.01.01	Cash and Cash Equivalents	1,788,758	717,929
1.01.02	Financial Investments	1,631,894	2,433,385
1.01.02.03	Financial Investments Valued at Amortized Cost	1,631,894	2,433,385
1.01.03	Accounts Receivable	3,334,131	2,868,734
1.01.03.01	Trade Receivables	3,118,249	2,695,077
1.01.03.02	Other Receivables	215,882	173,657
1.01.03.02.01	Related-Party Balances	215,882	173,657
1.01.04	Inventories	120,059	113,506
1.01.06	Recoverable Taxes	151,712	276,104
1.01.06.01	Current Recoverable Taxes	151,712	276,104
1.01.08	Other Current Assets	111,869	93,340
1.01.08.03	Other	111,869	93,340
1.01.08.03.01	Restricted Cash	37,661	28,467
1.01.08.03.20	Other Assets	74,208	64,873
1.02	Noncurrent Assets	48,855,686	46,662,487
1.02.01	Long-Term Assets	10,333,735	9,741,933
1.02.01.04	Accounts Receivable	278,251	223,234
1.02.01.04.01	Trade Receivables	278,251	223,234
1.02.01.09	Receivables from Related Parties	947,432	644,895
1.02.01.09.03	Receivables from Controlling Shareholders	947,432	644,895
1.02.01.10	Other Noncurrent Assets	9,108,052	8,873,804
1.02.01.10.04	Escrow Deposits	139,648	141,667
1.02.01.10.05	Water and Basic Sanitation National Agency – ANA	15,443	20,666
1.02.01.10.06	Contract Asset	8,788,122	8,550,102
1.02.01.10.20	Other Assets	164,839	161,369
1.02.02	Investments	139,023	125,563
1.02.02.01	Equity Interest	92,933	79,437
1.02.02.01.03	Equity Interest in Jointly-Owned Subsidiaries	86,834	73,338
1.02.02.01.04	Other Investments	6,099	6,099
1.02.02.02	Investment Properties	46,090	46,126
1.02.03	Property, Plant and Equipment	302,246	291,157
1.02.04	Intangible Assets	38,080,682	36,503,834
1.02.04.01	Intangible Assets	38,080,682	36,503,834
1.02.04.01.01	Concession Agreements	1,119,878	1,172,498
1.02.04.01.02	Program Contracts	19,193,778	18,469,978
1.02.04.01.03	Service Contracts	17,068,992	16,158,771
1.02.04.01.04	Software License of Use	605,605	598,734
1.02.04.01.05	Right of Use	92,429	103,853

Code	Description	Current Quarter	Previous Year
		09/30/2022	12/31/2021
2	Total Liabilities	55,994,109	53,165,485
2.01	Current Liabilities	4,836,659	5,092,927
2.01.01	Labor Liabilities and Pension Plan Obligations	526,851	426,616
2.01.01.01	Pension Plan Obligations	35,327	53,506
2.01.01.02	Labor Liabilities	491,524	373,110
2.01.02	Suppliers	289,126	236,763
2.01.02.01	Domestic Suppliers	289,126	236,763
2.01.03	Tax Liabilities	283,342	257,130
2.01.03.01	Federal Tax Liabilities	275,487	248,251
2.01.03.01.01	Income Tax and Social Contribution Payable	62,231	0
2.01.03.01.02	Pis-Pasep and Cofins Payable	126,447	111,963
2.01.03.01.03	INSS (Social Security Contribution) Payable	43,229	39,902
2.01.03.01.20	Other Federal Taxes	43,580	96,386
2.01.03.03	Municipal Tax Liabilities	7,855	8,879
2.01.04	Borrowings and Financing	1,787,602	1,830,617
2.01.04.01	Borrowings and Financing	1,231,413	1,128,253
2.01.04.01.01	In Local Currency	931,828	769,136
2.01.04.01.02	In Foreign Currency	299,585	359,117
2.01.04.02	Debentures	438,002	596,418
2.01.04.03	Financing through Lease	118,187	105,946
2.01.05	Other Liabilities	1,307,461	1,531,980
2.01.05.01	Payables to Related Parties	2,121	931
2.01.05.01.03	Payables to Controlling Shareholders	2,121	931
2.01.05.02	Other	1,305,340	1,531,049
2.01.05.02.01	Dividends and Interest on Capital Payable	424	548,006
2.01.05.02.04	Services Payable	587,189	469,027
2.01.05.02.05	Refundable Amounts	30,775	31,687
2.01.05.02.06	Program Contract Commitments	99,620	77,652
2.01.05.02.07	Public-Private Partnership - PPP	167,498	142,757
2.01.05.02.09	Indemnities	9,052	6,975
2.01.05.02.20	Other Liabilities	410,782	254,945
2.01.06	Provisions	642,277	809,821
2.01.06.01	Tax, Social Security, Labor, and Civil Provisions	251,343	218,137
2.01.06.01.01	Tax Provisions	34,095	29,525
2.01.06.01.02	Labor Liabilities and Pension Plan Obligations	119,839	105,806
2.01.06.01.04	Civil Provisions	97,409	82,806
2.01.06.02	Other Provisions	390,934	591,684
2.01.06.02.03	Provisions for Environmental Liabilities and Decommissioning	15,112	20,223
2.01.06.02.04	Provisions for Customers	144,164	154,984
2.01.06.02.05	Provisions for Suppliers	231,658	416,477
2.02	Noncurrent Liabilities	23,802,164	23,140,699
2.02.01	Borrowings and Financing	16,990,849	15,893,219
2.02.01.01	Borrowings and Financing	9,114,805	8,739,774
2.02.01.01.01	In Local Currency	6,796,785	5,802,738
2.02.01.01.02	In Foreign Currency	2,318,020	2,937,036
2.02.01.02	Debentures	7,508,782	6,736,111

Code	Description	Current Quarter	Previous Year
		09/30/2022	12/31/2021
2.02.01.03	Financing through Lease	367,262	417,334
2.02.02	Other Liabilities	5,809,368	6,325,069
2.02.02.02	Other	5,809,368	6,325,069
2.02.02.02.04	Pension Plan Obligations	2,293,271	2,321,662
2.02.02.02.05	Program Contract Commitments	12,003	44,995
2.02.02.02.06	Public-Private Partnership - PPP	2,783,480	2,917,428
2.02.02.02.07	Indemnities	19,359	14,642
2.02.02.02.08	Labor Liabilities	1,453	3,047
2.02.02.02.09	Deferred Cofins/Pasep	160,790	159,456
2.02.02.02.20	Other Liabilities	539,012	863,839
2.02.03	Deferred Taxes	335,952	283,739
2.02.03.01	Deferred Income Tax and Social Contribution	335,952	283,739
2.02.03.01.01	Deferred Income Tax and Social Contribution	335,952	283,739
2.02.04	Provisions	665,995	638,672
2.02.04.01	Tax, Social Security, Labor, and Civil Provisions	286,134	263,855
2.02.04.01.01	Tax Provisions	29,561	25,291
2.02.04.01.02	Labor Liabilities and Pension Plan Obligations	248,179	228,292
2.02.04.01.04	Civil Provisions	8,394	10,272
2.02.04.02	Other Provisions	379,861	374,817
2.02.04.02.03	Provisions for Environmental Liabilities and Decommissioning	376,358	311,069
2.02.04.02.04	Provisions for Customers	2,932	2,494
2.02.04.02.05	Provisions for Suppliers	571	61,254
2.03	Equity	27,355,286	24,931,859
2.03.01	Paid-Up Capital	15,000,000	15,000,000
2.03.04	Profit Reserves	9,829,855	9,885,485
2.03.04.01	Legal Reserve	1,532,365	1,532,365
2.03.04.08	Additional Dividend Proposed	0	55,631
2.03.04.10	Reserve for Investments	8,297,490	8,297,489
2.03.05	Retained Earnings/Accumulated Losses	2,479,057	0
2.03.06	Equity Valuation Adjustments	46,374	46,374

Code	Description	YTD Current Year	YTD Previous Year
		01/01/2022 to 09/30/2022	01/01/2021 to 09/30/2021
6.01	Net Cash from Operating Activities	2,569,167	3,247,848
6.01.01	Cash from Operations	6,712,386	5,669,046
6.01.01.01	Earnings before Income Tax and Social Contribution	3,702,154	2,605,123
6.01.01.02	Provision and Inflation Adjustments on Provisions	282,463	218,521
6.01.01.04	Finance Charges from Customers	-247,355	-274,274
6.01.01.05	Residual Value of Property, Plant and Equipment, Intangible Assets, and Investment Properties Written-off	23,652	9,940
6.01.01.06	Depreciation and Amortization	1,801,622	1,660,020
6.01.01.07	Interest on Borrowings and Financing Payable	776,535	478,061
6.01.01.08	Monetary and Exchange Variations on Borrowings and Financing	-409,109	95,341
6.01.01.09	Interest and Monetary Variation Losses	18,484	27,990
6.01.01.10	Interest and Monetary Variation Gains	-394,968	-72,348
6.01.01.11	Allowance for Doubtful Accounts	566,448	383,711
6.01.01.12	Provision for Consent Decree (TAC) and Knowledge Retention Program (PRC)	-1,238	3,134
6.01.01.13	Equity Accounting	-17,448	-16,209
6.01.01.14	Interest and Inflation Adjustment (Public-Private Partnership)	366,890	344,282
6.01.01.15	Other Adjustments	11,397	-1,395
6.01.01.16	Transfer - São Paulo Municipal Government	167,655	143,725
6.01.01.17	Construction Margin over Intangible Assets Resulting from Concession Agreements	-76,289	-72,672
6.01.01.18	Pension Plan Obligations	141,493	136,096
6.01.02	Changes in Assets and Liabilities	-1,938,502	-918,886
6.01.02.01	Other Assets	-483,163	-412,159
6.01.02.02	Related-Party Balances and Transactions	-311,635	-1,944
6.01.02.03	Inventories	-6,553	-1,126
6.01.02.04	Recoverable Taxes	124,392	-940,923
6.01.02.05	Other Receivables	-3,630	16,436
6.01.02.06	Escrow Deposits	17,907	36,510
6.01.02.08	Trade Payables and Contractors	-224,046	-242,335
6.01.02.09	Labor Liabilities and Pension Plan Obligations	101,473	63,173
6.01.02.10	Pension Plan Obligations	-169,884	-153,899
6.01.02.11	Taxes and Contributions Payable	-85,843	940,857
6.01.02.12	Services Payable	-49,493	-68,265
6.01.02.13	Other Liabilities	-426,677	-47,349
6.01.02.14	Provisions	-422,684	-111,674
6.01.02.15	Deferred Cofins/Pasep	1,334	3,812
6.01.03	Other	-2,204,717	-1,502,312
6.01.03.01	Interest Paid	-1,145,888	-556,877
6.01.03.02	Income Tax and Social Contribution Paid	-1,058,829	-945,435
6.02	Net Cash from Investing Activities	-1,723,972	-811,539
6.02.01	Acquisition of Contract Assets and Intangible Assets	-2,507,631	-2,477,227
6.02.02	Acquisition of Property, Plant and Equipment	-40,472	-27,366
6.02.04	Restricted Cash	-9,194	8,910
6.02.07	Financial Investments	833,325	1,684,144

Code	Description	Paid-up Capital	Capital Reserves, Options Granted, and Treasury Shares	Profit Reserves	Retained Earnings/ Accumulated Losses	Other Comprehensive Income	Equity
5.01	Opening Balances	15,000,000	0	9,885,485	0	46,374	24,931,859
5.03	Adjusted Opening Balances	15,000,000	0	9,885,485	0	46,374	24,931,859
5.04	Capital Transactions with Partners	0	0	-55,630	0	0	-55,630
5.04.08	Additional Dividends Approved	0	0	-55,630	0	0	-55,630
5.05	Total Comprehensive Income	0	0	0	2,479,057	0	2,479,057
5.05.01	Net Income for the Period	0	0	0	2,479,057	0	2,479,057
5.07	Closing Balances	15,000,000	0	9,829,855	2,479,057	46,374	27,355,286

ITR - Quarterly Information Form – 09/30/2022 - CIA SANEAMENTO BASICO EST SAO PAULO	Version: 1
Comments on the Company’s Performance

	3Q22	3Q21
Foreign currency debt - R$ million	2,617.6	3,242.5
Foreign currency debt as a percentage of total debt	14.0%	18.0%
U.S. variation in the quarter	3.2%	8.7%
Yen variation in the quarter	(3.2%)	8.3%

*R$ million*
			Var.				Var.
	3Q22	3Q21	R$	%	9M22	9M21	R$	%
Revenue from sanitation services	5,012.4	4,284.9	727.5	17.0	13,762.1	12,103.4	1,658.7	13.7
Construction revenue	1,350.2	1,186.1	164.1	13.8	3,393.2	3,232.3	160.9	5.0
COFINS and PASEP/TRCF taxes	(374.9)	(317.1)	(57.8)	18.2	(1,031.7)	(908.4)	(123.3)	13.6
(=) Net operating income	5,987.7	5,153.9	833.8	16.2	16,123.6	14,427.3	1,696.3	11.8
Costs and expenses	(3,151.3)	(2,774.0)	(377.3)	13.6	(9,258.3)	(8,065.0)	(1,193.3)	14.8
Construction costs	(1,319.9)	(1,159.5)	(160.4)	13.8	(3,316.9)	(3,159.7)	(157.2)	5.0
Equity pickup	6.0	4.0	2.0	50.0	17.4	16.2	1.2	7.4
Other operating income (expenses), net	(2.7)	2.7	(5.4)	(200.0)	2.1	12.5	(10.4)	(83.2)
(=) Earnings before financial result, income tax, and social contribution	1,519.8	1,227.1	292.7	23.9	3,567.9	3,231.3	336.6	10.4
Financial result	118.5	(520.6)	639.1	(122.8)	134.3	(626.2)	760.5	(121.4)
(=) Earnings before income tax and social contribution	1,638.3	706.5	931.8	131.9	3,702.2	2,605.1	1,097.1	42.1
Income tax and social contribution	(557.2)	(237.9)	(319.3)	134.2	(1,223.1)	(866.7)	(356.4)	41.1
(=) Net income	1,081.1	468.6	612.5	130.7	2,479.1	1,738.4	740.7	42.6
Earnings per share (R$)*	1.58	0.69			3.63	2.54

WATER AND SEWAGE BILLED VOLUME⁽¹⁾ PER CUSTOMER CATEGORY – million m³
	Water			Sewage			Water + Sewage
Category	3Q22	3Q21	Var. %	3Q22	3Q21	Var. %	3Q22	3Q21	Var. %
Residential	462.3	462.2	-	405.5	400.7	1.2	867.8	862.9	0.6
Commercial	45.5	42.4	7.3	44.2	40.1	10.2	89.7	82.5	8.7
Industrial	8.8	8.5	3.5	9.6	9.5	1.1	18.4	18.0	2.2
Public	11.1	9.8	13.3	10.1	8.6	17.4	21.2	18.4	15.2
Total retail	527.7	522.9	0.9	469.4	458.9	2.3	997.1	981.8	1.6
Wholesale ⁽³⁾	11.8	12.2	(3.3)	4.9	3.9	25.6	16.7	16.1	3.7
Overall Total	539.5	535.1	0.8	474.3	462.8	2.5	1,013.8	997.9	1.6
	Water			Sewage			Water + Sewage
Category	9M22	9M21	Var. %	9M22	9M21	Var. %	9M22	9M21	Var. %
Residential	1,397.6	1,409.0	(0.8)	1,218.8	1,218.3	-	2,616.4	2,627.3	(0.4)
Commercial	136.5	123.9	10.2	131.8	117.1	12.6	268.3	241.0	11.3
Industrial	25.8	25.6	0.8	28.4	27.3	4.0	54.2	52.9	2.5
Public	32.4	27.0	20.0	28.8	23.8	21.0	61.2	50.8	20.5
Total retail	1,592.3	1,585.5	0.4	1,407.8	1,386.5	1.5	3,000.1	2,972.0	0.9
Wholesale ⁽³⁾	36.0	37.7	(4.5)	14.9	11.4	30.7	50.9	49.1	3.7
Overall Total	1,628.3	1,623.2	0.3	1,422.7	1,397.9	1.8	3,051.0	3,021.1	1.0
WATER AND SEWAGE BILLED VOLUME⁽¹⁾ PER REGION – million m³
	Water			Sewage			Water + Sewage
Region	3Q22	3Q21	Var. %	3Q22	3Q21	Var. %	3Q22	3Q21	Var. %
Metropolitan	354.9	354.1	0.2	315.7	309.6	2.0	670.6	663.7	1.0
Regional ⁽²⁾	172.8	168.8	2.4	153.7	149.3	2.9	326.5	318.1	2.6
Total retail	527.7	522.9	0.9	469.4	458.9	2.3	997.1	981.8	1.6
Wholesale ⁽³⁾	11.8	12.2	(3.3)	4.9	3.9	25.6	16.7	16.1	3.7
Overall Total	539.5	535.1	0.8	474.3	462.8	2.5	1,013.8	997.9	1.6
	Water			Sewage			Water + Sewage
Region	9M22	9M21	Var. %	9M22	9M21	Var. %	9M22	9M21	Var. %
Metropolitan	1,068.6	1,076.6	(0.7)	943.5	939.5	0.4	2,012.1	2,016.1	(0.2)
Regional ⁽²⁾	523.7	508.9	2.9	464.3	447.0	3.9	988.0	955.9	3.4
Total retail	1,592.3	1,585.5	0.4	1,407.8	1,386.5	1.5	3,000.1	2,972.0	0.9
Wholesale ⁽³⁾	36.0	37.7	(4.5)	14.9	11.4	30.7	50.9	49.1	3.7
Overall Total	1,628.3	1,623.2	0.3	1,422.7	1,397.9	1.8	3,051.0	3,021.1	1.0

*Information ^()**	3Q22	3Q21	%
Water connections ⁽¹⁾	10,118	10,152	(0.3)
Sewage connections ⁽¹⁾	8,592	8,627	(0.4)
Population directly served - water ⁽²⁾	27.9	27.7	0.7
Population directly served - sewage ⁽²⁾	24.7	24.6	0.4
Number of employees	12,372	12,598	(1.8)

Economic variables at the close of the quarter (*)	3Q22	3Q21
Amplified Consumer Price Index ⁽¹⁾	-1.32	3.02
National Consumer Price Index ⁽¹⁾	-1.23	3.13
Consumer Price Index ⁽¹⁾	0.40	3.63
Interbank Deposit Certificate ⁽²⁾	13.47	7.07
U.S. dollar ⁽³⁾	5.4066	5.4394
Yen ⁽³⁾	0.03737	0.04878

									*R$ thousand*
DEBT PROFILE
INSTITUTION	2022	2023	2024	2025	2026	2027	2028 onwards	TOTAL	% of total
*Local currency*
Debentures	41,619	737,339	1,070,665	1,201,533	1,080,529	1,690,560	2,124,539	7,946,784	42
Brazilian Federal Savings Bank	25,974	98,128	97,639	103,743	110,230	117,111	959,317	1,512,142	8
BNDES	61,662	239,906	233,195	212,964	203,127	190,613	292,531	1,433,998	8
IDB 2202	-	181,349	181,349	181,349	181,349	181,349	1,438,374	2,345,119	12
IDB INVEST	-	37,340	39,550	44,300	106,390	108,728	554,590	890,898	5
IDB INVEST 2022	-	14,100	14,100	38,275	38,431	38,431	322,784	466,121	2
IFC	-	80,000	80,000	80,000	80,000	80,000	350,767	750,767	4
Lease (Concession Agreements, Program Contracts, and Contract Asset) ⁽¹⁾	43,534	46,102	48,454	32,141	32,991	33,717	131,783	368,722	2
Leases (others) ⁽²⁾	20,295	65,380	17,062	9,223	4,107	660	-	116,727	1
Other	1,531	6,234	2,972	2,739	142	-	-	13,618	0
Interest and other charges	195,350	120,600	-	-	-	-	-	315,950	2
*Total in local currency*	389,965	1,626,478	1,784,986	1,906,267	1,837,296	2,441,169	6,174,685	16,160,846	86

*Foreign currency*
IDB	-	55,570	55,570	64,186	17,233	17,233	267,189	476,981	3
IBRD	-	32,870	32,870	32,870	32,870	32,870	227,332	391,682	2
JICA	5,394	160,347	160,347	160,347	160,347	160,347	891,015	1,698,144	9
IDB 1983AB	-	41,311	-	-	-	-	-	41,311	0
Interest and other charges	6,779	2708	-	-	-	-	-	9,487	0
*Total in foreign currency*	12,173	292,806	248,787	257,403	210,450	210,450	1,385,536	2,617,605	14

*TOTAL*	402,138	1,919,284	2,033,773	2,163,670	2,047,746	2,651,619	7,560,221	18,778,451	100

	Covenants
Adjusted EBITDA / Adjusted Financial Expenses	Equal to or higher than 2.80
EBITDA / Financial Expenses Paid	Equal to or higher than 2.35
Adjusted Net Debt / Adjusted EBITDA	Equal to or lower than 3.80
Net Debt / Adjusted EBITDA	Equal to or lower than 3.50
Total Adjusted Debt / Adjusted EBITDA	Lower than 3.65
Other Onerous Debt ⁽¹⁾/ Adjusted EBITDA	Equal to or lower than 1.30
Adjusted Current Ratio	Higher than 1.00

Code	Description	Current Quarter	YTD Current	Same Quarter	YTD Previous
		07/01/2022 to 09/30/2022	Year	Previous Year	Year
			01/01/2022 to 09/30/2022	07/01/2021 to 09/30/2021	01/01/2021 to 09/30/2021
3.01	Revenue from Sales and/or Services	5,987,739	16,123,529	5,153,917	14,427,253
3.02	Cost of Sales and/or Services	-3,767,593	-10,415,881	-3,324,800	-9,436,270
3.02.01	Cost of Sales and/or Services	-2,447,695	-7,098,988	-2,165,337	-6,276,603
3.02.02	Construction Costs	-1,319,898	-3,316,893	-1,159,463	-3,159,667
3.03	Gross Profit	2,220,146	5,707,648	1,829,117	4,990,983
3.04	Operating Income/Expenses	-700,441	-2,139,751	-602,016	-1,759,679
3.04.01	Selling Expenses	-369,876	-1,230,614	-315,841	-975,448
3.04.01.01	Selling Expenses	-234,054	-664,166	-197,282	-591,737
3.04.01.02	Allowance for Doubtful Accounts	-135,822	-566,448	-118,559	-383,711
3.04.02	General and Administrative Expenses	-333,719	-928,714	-292,855	-812,904
3.04.04	Other Operating Income	22,115	45,985	19,717	39,467
3.04.04.01	Other Operating Income	24,362	50,704	26,422	54,357
3.04.04.02	Cofins and Pasep	-2,247	-4,719	-6,705	-14,890
3.04.05	Other Operating Expenses	-24,902	-43,856	-17,031	-27,003
3.04.06	Equity Accounting	5,941	17,448	3,994	16,209
3.05	Income before Financial Result and Taxes	1,519,705	3,567,897	1,227,101	3,231,304
3.06	Financial Result	118,508	134,257	-520,624	-626,181
3.06.01	Financial Income	496,042	925,214	138,217	343,226
3.06.01.01	Financial Income	526,935	976,419	144,572	360,006
3.06.01.02	Exchange Gains	-147	443	697	290
3.06.01.03	Cofins and Pasep	-30,746	-51,648	-7,052	-17,070
3.06.02	Financial Expenses	-377,534	-790,957	-658,841	-969,407
3.06.02.01	Financial Expenses	-404,793	-1,347,537	-406,155	-1,021,458
3.06.02.02	Exchange Losses	27,259	556,580	-252,686	52,051
3.07	Earnings before Income Tax	1,638,213	3,702,154	706,477	2,605,123
3.08	Income Tax and Social Contribution	-557,153	-1,223,097	-237,946	-866,682
3.08.01	Current	-501,204	-1,170,884	-262,037	-919,739
3.08.02	Deferred	-55,949	-52,213	24,091	53,057

Code	Description	Current Quarter	YTD Current	Same Quarter	YTD Previous
		07/01/2022 to 09/30/2022	Year	Previous Year	Year
			01/01/2022 to 09/30/2022	07/01/2021 to 09/30/2021	01/01/2021 to 09/30/2021
3.09	Net Result from Continued Operations	1,081,060	2,479,057	468,531	1,738,441
3.11	Profit/Loss for the Period	1,081,060	2,479,057	468,531	1,738,441
3.99	Earnings per Share - (Reais/Share)
3.99.01	Basic Earnings per Share
3.99.01.01	Common	1.58163	3.62695	0.68548	2.54341
3.99.02	Diluted Earnings per Share
3.99.02.01	Common	1.58163	3.62695	0.68548	2.54341

Code	Description	YTD Current Year	YTD Previous Year
		01/01/2022 to 09/30/2022	01/01/2021 to 09/30/2021
7.01	Revenue	16,639,519	15,006,344
7.01.01	Goods, Products and Services Sold	13,762,081	12,103,359
7.01.02	Other Revenue	50,704	54,357
7.01.03	Revenue from Construction of Own Assets	3,393,182	3,232,339
7.01.04	Allowance for/Reversal of Doubtful Accounts	-566,448	-383,711
7.02	Inputs Acquired from Third Parties	-7,306,373	-6,760,496
7.02.01	Costs of Goods, Products and Services Sold	-6,194,022	-5,836,974
7.02.02	Materials, Electricity, Outsourced Services, and Others	-1,068,495	-896,519
7.02.04	Other	-43,856	-27,003
7.03	Gross Value Added	9,333,146	8,245,848
7.04	Retentions	-1,801,622	-1,660,020
7.04.01	Depreciation, Amortization, and Depletion	-1,801,622	-1,660,020
7.05	Net Value Added Produced	7,531,524	6,585,828
7.06	Wealth Received in Transfer	994,310	376,505
7.06.01	Equity Accounting	17,448	16,209
7.06.02	Financial Income	976,862	360,296
7.07	Total Value Added to Distribute	8,525,834	6,962,333
7.08	Value Added Distribution	8,525,834	6,962,333
7.08.01	Personnel	1,958,612	1,781,105
7.08.01.01	Salaries and Wages	1,406,624	1,258,072
7.08.01.02	Benefits	441,724	427,149
7.08.01.03	Government Severance Indemnity Fund for Employees (FGTS)	110,264	95,884
7.08.02	Taxes and Contributions	2,820,420	2,273,545
7.08.02.01	Federal	2,649,229	2,107,248
7.08.02.02	State	123,247	116,849
7.08.02.03	Municipal	47,944	49,448
7.08.03	Value Distributed to Providers of Capital	1,267,745	1,169,242
7.08.03.01	Interest	1,249,743	1,152,647
7.08.03.02	Rentals	18,002	16,595
7.08.04	Value Distributed to Shareholders	2,479,057	1,738,441
7.08.04.03	Retained Earnings/Accumulated Losses for the Period	2,479,057	1,738,441

*R$ million*
Investments	Water	Sewage	Total
Metropolitan Region	398.4	648.7	1,047.1
Regional Systems	158.0	225.2	383.2
Total	556.4	873.9	1,430.3

ITR - Quarterly Information Form – 09/30/2022 - CIA SANEAMENTO BASICO EST SAO PAULO	Version: 1
Notes to the Interim Financial Information

	September 30, 2022	December 31, 2021	September 30, 2021

Total municipalities that have already signed contracts	351	342	342
Balance – intangible and contract asset	44,260,083	42,260,091	41,630,815
Percentage of intangible and contract asset	94.43%	93.80%	93.90%
Revenue from sanitation services (excluding construction revenue)	13,128,723	15,490,808	11,512,329
Percentage of revenue from sanitation services (excluding construction revenue)	95.40%	95.01%	95.12%

Municipalities with expired contracts:	1	8	8
Balance – intangible and contract asset	11,592	214,329	215,833
Percentage of intangible and contract asset	0.02%	0.48%	0.49%
Revenue from sanitation services (excluding construction revenue)	10,981	41,194	29,635
Percentage of revenue from sanitation services (excluding construction revenue)	0.08%	0.25%	0.24%

Municipalities with concession agreements due by 2030:	23	25	25
Balance – intangible and contract asset	1,040,458	1,127,920	1,148,688
Percentage of intangible and contract asset	2.22%	2.50%	2.59%
Revenue from sanitation services (excluding construction revenue)	523,277	653,408	471,834
Percentage of revenue from sanitation services (excluding construction revenue)	3.80%	4.01%	3.90%

Municipality of São Paulo:
Percentage of intangible and contract asset	43.02%	43.11%	42.87%
Percentage of revenue from sanitation services (excluding construction revenue)	45.36%	44.45%	45.13%

	September 30, 2022		December 31, 2021
	Foreign currency (in thousands)	R$	Foreign currency (in thousands)	R$

Borrowings and financing – US$	173,518	938,142	163,538	912,624
Borrowings and financing – Yen	45,513,537	1,700,841	49,324,813	2,390,774
Interest and charges from borrowings and financing – US$		5,882		4,121
Interest and charges from borrowings and financing – Yen		3,605		13,970
Total exposure		2,648,470		3,321,489
Borrowing cost – US$		(28,168)		(22,486)
Borrowing cost – Yen		(2,697)		(2,850)
Total foreign currency-denominated borrowings (Note 16)		2,617,605		3,296,153

	September 30, 2022	December 31, 2021	Net
US$	R$ 5.4066	R$ 5.5805	-3.1%
Yen	R$ 0.03737	R$ 0.04847	-22.9%

	Probable scenario
	(*)
Net currency exposure as of September 30, 2022 in US$ - Liabilities	173,518

US$ rate as of September 30, 2022	5.4066
Exchange rate estimated according to the scenario	5.2000
Difference between the rates	0.2066

Effect on net financial result R$ - (gain)	35,849

Net currency exposure as of September 30, 2022, in ¥ - Liabilities	45,513,537

Yen rate as of September 30, 2022	0.03737
Exchange rate estimated according to the scenario	0.03925
Difference between the rates	(0.00188)

Effect on the net financial result R$ - (loss)	(85,565)

Total effect on the net financial result in R$ - (loss)	(49,716)

(*) For the probable scenario in U.S. dollars and Yen, the exchange rates estimated for September 30, 2023 were used, according to the Focus-BACEN and B3’s Benchmark Rate report, of September 30, 2022, respectively.

	September 30, 2022	December 31, 2021
CDI (i)	9,251,150	7,612,299
TR (ii)	1,637,178	1,638,079
IPCA (iii)	3,063,043	3,019,459
TJLP (iv)	1,497,622	1,478,740
SOFR (v)	938,145	912,626
Interest and charges	321,815	243,696
Total	16,708,953	14,904,899

Banks	Fitch	Moody's	Standard Poor's
Banco do Brasil	AA(bra)	AAA.br	-
Banco Santander Brasil	-	AAA.br	brAAA
Brazilian Federal Savings Bank	AA(bra)	AAA.br	brAAA
Banco Bradesco	AAA(bra)	AAA.br	brAAA
Banco Itaú Unibanco	AAA(bra)	AAA.br	brAAA
Banco BV	-	AA.br	brAAA
Banco BTG Pactual	AA(bra)	AAA.br	brAAA

	September 30, 2022	December 31, 2021
Cash and cash equivalents and financial investments
AA(bra)	2,117,469	1,905,810
AAA(bra)	1,004,817	970,474
Others (*)	298,366	275,030
	3,420,652	3,151,314

	October to December 2022	2023	2024	2025	2026	2027 onwards	Total
September 30, 2022

Liabilities
Borrowings and financing	660,887	3,588,414	3,705,134	3,741,450	3,479,959	17,425,860	32,601,704
Trade payables and contractors	289,126	-	-	-	-	-	289,126
Services payable	587,189	-	-	-	-	-	587,189
Public-Private Partnership - PPP	115,519	462,309	433,822	388,120	388,120	4,072,182	5,860,072
Program Contract Commitments	62,043	38,001	1,168	1,168	1,168	13,456	117,004

September 30, 2022
Indicators	Exposure	Probable scenario

Assets
CDI	1,643,163	13.21%(**)
Financial income		217,062

Liabilities
CDI	(9,251,150)	13.21%(**)
Interest to be incurred		(1,222,077)

CDI net exposure	(7,607,987)	(1,005,015)

Liabilities
TR	(1,637,178)	0.0194%(**)
Expenses to be incurred		(318)

IPCA	(3,063,043)	5.0%(*)
Expenses to be incurred		(153,152)

TJLP	(1,497,622)	7.01%(*)
Interest to be incurred		(104,983)

SOFR (***)	(938,145)	4.504%(**)
Interest to be incurred		(42,254)

Total expenses to be incurred, net		(1,305,722)

(*) Source: BACEN as of September 30, 2022
(**) Source: B3 as of September 30, 2022
(***) SOFR – the LIBOR curve was used as an equivalent measure in the secondary market

	September 30, 2022	December 31, 2021

Total borrowings and financing (Note 16)	18,778,451	17,723,836
(-) Cash and cash equivalents (Note 6)	(1,788,758)	(717,929)
(-) Financial investments (Note 7)	(1,631,894)	(2,433,385)

Net debt	15,357,799	14,572,522
Total equity	27,355,286	24,931,859

Total (shareholders plus creditor’s equity)	42,713,085	39,504,381

Leverage ratio	36%	37%

	September 30, 2022		December 31, 2021
	Carrying amount	Fair value	Carrying amount	Fair value
Cash and cash equivalents	1,788,758	1,788,758	717,929	717,929
Financial investments	1,631,894	1,631,894	2,433,385	2,433,385
Restricted cash	37,661	37,661	28,467	28,467
Trade receivables	3,396,500	3,396,500	2,918,311	2,918,311
ANA	15,443	15,443	20,666	20,666
Other assets	239,047	239,047	226,242	226,242

	September 30, 2022	December 31, 2021

Cash and banks	62,327	146,853
Cash equivalents	1,726,431	571,076
Total	1,788,758	717,929

	September 30, 2022	December 31, 2021

Agreement with the São Paulo Municipal Government (i)	28,270	21,464
Brazilian Federal Savings Bank – escrow deposits	2,733	740
Other	6,658	6,263
	37,661	28,467

	September 30, 2022	December 31, 2021
Private sector:
General (i) and special (ii) customers	2,256,912	2,042,023
Agreements (iii)	483,944	514,616

	2,740,856	2,556,639
Government entities:
Municipal	574,231	586,810
Federal	10,290	7,869
Agreements (iii)	362,894	278,844

	947,415	873,523
Wholesale customers – Municipal Governments: (iv)
Mogi das Cruzes	4,023	3,580
São Caetano do Sul	41,251	24,464

Total wholesale customers – Municipal Governments	45,274	28,044

Unbilled supply	884,363	740,193

Subtotal (b)	4,617,908	4,198,399
Allowance for doubtful accounts (c)	(1,221,408)	(1,280,088)

Total	3,396,500	2,918,311

Current	3,118,249	2,695,077
Noncurrent	278,251	223,234

Total	3,396,500	2,918,311

Changes in assets	January to September 2022	January to September 2021

Balance at the beginning of the period	1,280,088	1,157,619
Losses/(reversals)	(18,774)	131,918
Recoveries	(39,906)	(41,757)

Balance at the end of the period	1,221,408	1,247,780

Reconciliation of estimated/historical losses at the result	July to September 2022	January to September 2022	July to September 2021	January to September 2021

Write-offs	(193,831)	(628,271)	(135,100)	(291,601)
(Losses) with state entities – related parties	4,772	3,143	(1,356)	(1,949)
(Losses)/reversal with the private sector/government entities	42,171	18,774	(1,844)	(131,918)
Recoveries	11,066	39,906	19,741	41,757

Amount recorded as expense (Note 27)	(135,822)	(566,448)	(118,559)	(383,711)

	July to September 2022	January to September 2022	July to September 2021	January to September 2021

Revenue from sanitation services	175,324	483,127	145,941	389,322
Payments from related parties	(175,477)	(457,488)	(96,351)	(316,687)

Payment received from reimbursement referring to Law 4,819/1958	(38,473)	(119,885)	(33,792)	(121,850)

	Equity		Dividends	Profit (loss) for the period
	September 30, 2022	December 31, 2021	January to September 2022	January to September 2022	January to September 2021

Sesamm	57,586	58,421	(10,354)	9,519	5,005
Águas de Andradina	30,473	29,591	-	882	1,819
Águas de Castilho	10,382	9,384	-	998	1,142
Attend Ambiental	29,271	23,493	(500)	6,278	10,419
Aquapolo Ambiental	80,163	58,172	-	21,991	18,234
Paulista Geradora de Energia	5,578	6,153	-	(575)	(413)