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Receita Anual Permitida Atinge R$ 538,1 São Paulo, February 22, 2021 - ISA CTEEP - Companhia de Transmissão de Energia Elétrica Paulista (“ISA CTEEP”, “Company”, B3: TRPL3 and TRPL4), announces its results for the fourth quarter (4Q20) and fiscal year 2020. Regulatory results are shown in accordance with the Electricity Sector Accounting Manual (MCSE) to facilitate understanding of the Company’s business. Moreover, the information has been prepared in accordance with standards established by the Securities and Exchange Commission of Brazil (CVM), announcements by the Accounting Statements Committee (CPCS) and the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) in the “Attachments” section of this document. Main Regulatory Consolidated Indicators Chg (BRL million) 4Q20 4Q19 Chg (%) 2020 2019 (%) Net Revenue 839.0 729.5 15.0% 3,891.2 2,774.6 40.2% EBITDA 634.8 596.1 6.5% 3,416.6 2,184.0 56.4% Adjusted EBITDA¹ 723.1 595.1 21.5% 2,716.3 2,213.5 22.7% Adjusted EBITDA Margin² 79.3% 81.6% (2.3) p.p. 85.8% 79.8% 6.0 p.p. Net Income3 374.4 345.4 8.4% 2,002.4 1,221.8 63.9% Net Margin 44.6% 47.3% (2.7) p.p. 51.5% 44.0% 7.4 p.p. ROE (amount value of 25.8% 18.2% 7.6 p.p. 25.8% 18.2% 7.6 p.p. LTM) ¹Adjusted by receipt of Adjusted Parcel (PA) (RTP and RBSE) excluding provision and non-recurring effects 2Considers net revenue adjusted by receipt of PA (RTP and RBSE) 3 Adjusted by non-controlling interest STRONG CASH GENERATION DRIVES GROWTH STRATEGY AND DISTRIBUTION OF EARNINGS ISA CTEEP’s mission is to create sustainable value for its stakeholders. We do this in all of our daily tasks and through social and environmental programs that ensure the company’s longevity while creating value for our investors. Last year was an atypical year. When we narrate the story of 2020 to future generations, we will highlight the challenges brought on by the global pandemic. Aware of the significance of the essential service we provide – access to electricity – we put into practice a special plan designed to ensure business continuity. We reduced the number of employees at our facilities substantially and activated the second operations center to ensure that load transmissions in our grid are fully functioning. In some locations, we set up camps to avoid travel and reduce the risk of contagion. The progress made in our digital transformation journey until then was essential for us to quickly adopt remote work for all activities where physical presence was not essential. The year was also notable for the adoption of several measures focused on the culture of occupational safety, especially in our production chain. We employed constant efforts and investments to protect both our own and outsourced employees. Unfortunately, despite all these safety protocols in place, one employee passed away during the period. We reviewed and reinforced the procedures to systematically consolidate our values in our relations with stakeholders. In line with our commitment to social and environmental development, through the Conexão Jaguar Program, we reaffirmed our support to the Homem Pantaneiro Institute in preserving over 76,000 hectares in the Serra do Amolar region in the Pantanal biome, which was scorched by fires in 2020. In addition to the efforts under the Program, we acquired a vessel to help deploy firefighters to put out fires. 2 Even during such an atypical year with so many challenges, we delivered record results based on operational excellence and solid financial management. We posted net revenue of BRL3.9 billion in the year which, coupled with our cost discipline, enabled us to post adjusted EBITDA margin of 86% and net income of BRL2.0 billion. This result gave an impetus to our strategy focused on growth combined with the generation of sustainable value and enabled us to distribute earnings of BRL1.67 billion, which represents dividend yield of 9%. On the regulatory front, we defined the methodology and application of the Periodic Tariff Review for renewed agreements and started receiving remuneration of the financial component of the Basic Network of Existing System (RBSE) at the cost of equity, which had a positive impact of BRL969.0 million in the year’s combined regulatory results. We made significant progress in our growth strategy. We started up two projects – Interligações Elétricas Itaquerê and Tibagi –, concluded our first real estate deal, won the second biggest lot in transmission auction 001/2020 held by the Brazilian Electricity Regulatory Agency (ANEEL), with projected investments of BRL1.1 billion, and signed an agreement to acquire the Piratininga Bandeirantes Line for BRL1.6 billion, which will add RAP of BRL172 million (2020/21 cycle). We also forged ahead in our modernization plan, with investments in retrofitting projects up 73.6% over the previous year. We donated BRL5 million to initiatives aimed at fighting the pandemic as a way of sharing our accomplishments with society. Both the company and the employees donated funds to ramp up the production of rapid tests in partnership with Fiocruz, to aid the construction of a Multipurpose Vaccine Production Center at the Butantan Institute and to support the “Saving Lives” match funding campaign launched by the Brazilian development bank (BNDES). We have a very clear vision of our role, backed by an excellent technical team and solid, responsible management, which are crucial factors for sustainable business development. We continue to monitor the pandemic scenario unfolding in Brazil in order to maintain all the measures required to ensure business continuity and the safety of our teams – whose efforts I am deeply grateful to – which were not only essential for us to face the challenges during the year, but also motivate us to always go beyond. Rui Chammas Chief Executive Officer 3 CONTENTS 1. ISA CTEEP 1.1 ISA CTEEP 5 1.2 Shareholding Structure 6 1.3 Corporate Structure 7 1.4 Growth 7 2. Operational Performance 8 3. Financial Performance 3.1 Operating Revenue 9 3.2 O&M Costs and Expenses 10 3.3 Equity Income 10 3.4 EBITDA and Margin 12 3.5 Financial Result 13 3.6 Other Operating Income 14 3.7 Net Income 14 3.8 Comparison of Results (Regulatory vs. IFRS) 15 4. Debt 16 5. Proceeds 18 6. Capex 18 7. Sustainabiity 21 8. Capital Market 22 9. Events during the Period 24 10. Subsequent Events 25 11. Upcoming Events 27 12. Other Relevant Information 27 12. Glossary 32 13. Attachaments 35 * Results in Excel spreadsheet available on the Investor Relations Website 4 ISA CTEEP ISA CTEEP is Brazil’s largest private electricity transmission company. Through its operations and those of its subsidiaries and affiliate companies, the Company is present in 17 states across Brazil (Rio Grande do Sul, Santa Catarina, Paraná, São Paulo, Minas Gerais, Rondônia, Mato Grosso, Mato Grosso do Sul, Goiás, Tocantins, Maranhão, Piauí, Paraíba, Pernambuco, Alagoas, Espírito Santo and Bahia), and supplies approximately 33% of all electricity transmitted through the National Interconnected System (SIN). The coordination and control of the operations of the Company’s installations and the entire electricity generation and transmission infrastructure in the SIN are the responsibility of the National Electricity System Operator (“ONS”), subject to inspection and regulations established by ANEEL. On December 31, 2020, the installed capacity of the company (parent company, wholly-owned subsidiaries and non- consolidated subsidiaries¹ in operation) totaled 67,600 MVA in transformation, 18,600 kilometers of transmission lines, 25,900 kilometers of circuits and 127 own substations. To efficiently operate our complex transmission system, we rely on a team of around 1,400 employees and facilities that ensure quality and reliable service. We are committed to the development of the country’s energy infrastructure and constantly invest on modernizing our network and contributing directly to the expansion of the national transmission system. In the last four years, the Company won the bids for 14 lots in the transmission auctions conducted by ANEEL. 5 Shareholding Structure ISA CTEEP is controlled by ISA, a multi-Latin linear infrastructure systems company. TRPL3 TRPL4 Shareholders % % Total % (Common) (Preferred) ISA Capital do 230,856,832 89.50% 5,144,528 1.28% 236,001,360 35.82% Brasil Management 0 0.00% 4,900 0.00% 4,900 0.00% Free Float 27,080,900 10.50% 395,796,144 98.72% 422,877,044 64.18% Eletrobras 25,158,644 9.75% 212,276,657 52.94% 237,435,301 36.04% Others 1,922,256 0.75% 183,519,487 45.78% 185,441,743 28.14% Total 257,937,732 100% 400,945,572 100% 658,883,304 100% Date: 12/31/2020 Total Capital Distribution on 12/31/2020 * Includes the interest held by “Isa Capital do Brasil”, the investment vehicle of ISA Colombia for the acquisition of ISA CTEEP. ** 1% of free float is dispersed in other regions Excluding the interest held by Eletrobras and ISA, on December 31, 2020, 45% of the shareholder base consisted of foreign investors (26% North America, 16% Europe, 2% Asia and 1% Oceania) and 55% Brazilian investors. 6 Corporate Structure ISA CTEEP’s corporate structure includes its wholly-owned and non-consolidated subsidiaries¹: RAP Cycle RAP ISA CTEEP Location 2020/2021¹ Cycle 2020/2021 Profit Regime² Share (%) Consolidation (BRL million) (BRL million) ISA CTEEP Operational São Paulo 3,131 3,131 Real Profit ISA CTEEP 100% Fully consolidated IE Madeira Operational Rondônia / SP 552 281 Real Profit ISA CTEEP 51% / Furnas 24.5% / Chesf 24.5% Equity method IE Ivaí Under construction Paraná 300 150 Real
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