Earnings Release 4Q20 and 2020

For Immediate Release Video Conference On 2/12/2021 at 9:00 a.m. (EDT): Additional Information: in Portuguese (simultaneous translation into English) Eduardo Sattamini Chief Executive and Investor Relations Officer Further details on Upcoming Events eduardo.sattamini@engie.com section, available on page 39.

Rafael Bósio IR Manager Visit our Website [email protected] www.engie.com.br/investidores Tel.: +55 48 3221-7225

[email protected]

Florianópolis, Brazil, February 11, 2021. ENGIE Brasil Energia S.A. (“ENGIE” or “Company”) – B3: EGIE3, ADR: EGIEY - announces earnings for the Fourth Quarter and twelve-month period ending December 31, 2020 (4Q20 and 12M20). The information in this release is shown on a consolidated basis and in accordance with Brazilian accounting principles and practices. The values are expressed in Brazilian Reais (R$), except where otherwise indicated.

Company reports R$ 967.7 million due to hydrological risk renegotiation and proposes complementary dividends amounting R$ 609.6 million .

» In the midst of the pandemic, ENGIE carried out, together with its » The Board of Directors approved the proposal for the distribution of controller and employees, actions to protect their health and support additional interim dividends worth R$ 554.5 million (R$ the communities in which it operates, such as emergency aid to 0.6796/share), completing 100% of the first half of 2020 profit as nursing homes, donations to Fiocruz and UFRGS to produce tests well as interest on shareholders’ capital in the amount of R$ 175.0 for Covid -19, donations of ICU equipment to Albert Einstein Public million (R$ 0.2145/share). Hospitals, among others. Additionally, it worked together with its In November, the gradual start-up in test operations of the generator clients, when negotiating and making certain contractual conditions » units at the Campo Largo II Wind Complex began. flexible. » ENGIE Brasil Energia reported net operating revenue of R$ » ENGIE and Natura signed a partnership agreement for the acquisition of carbon credits emanating from the Lages 12,259.2 million in 2020, 25.0% (R$ 2,454.7 million) higher than Cogeneration Unit to compensate 100 thousand tons of Natura’s recorded in 2019. CO2 emissions in the company’s inventory for 2019. » The Company registered the amount of R$ 967.7 million in 4Q20, due to hydrological risk renegotiation under Law 14.052/2020. » In 4Q20, the Generation Operations Center (COG) began assisted remote operations at the Machadinho Hydroelectric Power Plant; a » The Company posted Ebitda1 of R$ 6,484.5 million in 2020, an total of 48 plants (5,468 MW) are now operated out of the COG. increase of 25.7% (R$ 1,326.3 million) compared to 2019, largely driven by the hydrological risk renegotiation agreement. The Ebitda Subsequent Events Margin was 52.9% in 2020, a growth of 0.3 p.p. compared with 2019. » ENGIE was selected as a component of the new Carbon Efficient » Net income was R$ 2,797.3 million (R$ 3.4281/share) in 2020, Index - ICO2 B3 portfolio, effective from January 4 to April 30, 2021, 21.0% (R$ 486.2 million) higher than posted in 2019, also the result rebalancing taking place every four months in line with updates to in part by the hydrological risk renegotiation agreement. the IBrX 100. » The average price of the energy sales agreements, net of taxes on » The Company signed an agreement with Siemens for the supply of revenues and trading operations, was R$ 193.8/MWh in 2020, 2.3% wind turbines for the first phase of the Santo Agostinho Wind higher than registered in 2019. Complex, thus allowing work on implementation to go ahead. » Excluding trading operations, the energy sales volume was 37,889 » The Board of Directors approved the proposal for the distribution of GWh (4,313 average MW), 0,4% lower than sold in 2019. complementary dividends amounting to R$ 609.6 million (R$ » The appeal to reverse the Preliminary Injunction and Suspend the 0.7471/share), to be ratified by the Annual General Meeting. Total Sentence that partially stayed work on construction at the Gralha earnings distribution for 2020 reached R$ 2,016.8 million (R$ Azul Transmission System was ruled in the Company’s favor. Work 2.4717/share), equivalent to 100% of the distributable net income has been resumed on the project and the schedule for entry into (ex-hydrological risk renegotiation). operations maintained for September 2021.

Consolidated (In millions of R$) 4Q20 4Q19 Chg. 12M20 12M19 Chg. Net Operating Revenue (NOR) 3,769.2 2,795.1 34.9% 12,259.2 9,804.5 25.0% Results from Operations (EBIT) 2,065.0 1,074.3 92.2% 5,569.6 4,294.9 29.7% Ebitda (1) 2,288.4 1,317.1 73.7% 6,484.5 5,158.2 25.7% Ebitda / NOR - (%) (1) 60.7 47.1 13.6 p.p. 52.9 52.6 0.3 p.p. Net Income 1,029.5 617.5 66.7% 2,797.3 2,311.1 21.0% Return On Equity (ROE) (2) 36.1 33.0 3.1 p.p. 36.1 33.0 3.1 p.p. Return On Invested Capital (ROIC) (3) 22.7 21.0 1.7 p.p. 22.7 20.8 1.9 p.p. Net Debt (4) 11,786.4 10,191.8 15.6% 11,786.4 10,191.8 15.6% Gross Power Production (avg MW) (5) 4,628 5,185 -10.7% 4,003 5,030 -20.4% Energy Sold (avg MW) (6) 4,485 4,546 -1.3% 4,313 4,329 -0.4% Average Net Sales Price (R$/MWh) (7) 190.87 190.53 0.2% 193.78 189.45 2.3% Number of Employees - Total 1,573 1,429 10.1% 1,573 1,429 10.1% EBE Employees 1,444 1,405 2.8% 1,444 1,405 2.8% Employees on Under Construction Plants 129 24 437.5% 129 24 437.5% 1 Ebitda: net income + income tax and social contribution + financial result + depreciation and amortization. 2 ROE: net equity for the past 4 quarters /shareholders’ equity. 3 ROIC: effective tax rate x EBIT / invested capital (invested capital: debt - cash and cash equivalents - deposits earmarked for debt servicing + SE). 4 Adjusted amount, net of gains from hedge operations. 5 Total gross electricity output from the plants operated by ENGIE Brasil Energia. 6 Disregarding sales for quota regime (Jaguara and Miranda HPPs). 7 Net of taxes and trading operations.

ENGIE Brasil Energia – Earnings Release 4Q20 and 2020 2

looki Plant in the state of Rio Grande do Sul, and in relation to the Jorge Lacerda Thermoelectric Complex in the state of our Santa Ca of decarbonization the for plan our pursuing be shall we front, another On Market. Energy Free the through commercialized being of appro on the firstwork phaseAgostinho of the WindSanto in Complex the state Grande of Rio do Norte, Conscious than businessfor strategy yearsfive more absolutely now, is an vital necessity assuring in the transition to low a carbon economy. ENGIE’s of component a process, decarbonization the of urgency The future. the building to dedicated continue We price and the transmission segment, in addition to the period. the in 20% than more of increases reporting items both net operating revenue in excess of R$ 12 billion, 25% a with 2020 closed We effects. its and crisis the of challenges the meet to able were we commitments,together these on Based the fundamental characteristic Company’s of Campaign wit pandemic the of outbreak two This population. the to attendance improving The models. support different prompted crisis introduced sanitary have we business, its conducts Energia Brasil ENGIE which in communities the To hereon. from Company’s the at activities to return safe and voluntary als initiatives These installations. gradual the to respect with teams our to guidance provided actions engage fostering for campaigns event online of series a including programs health mental and wellbeing were highlights, the Among contact. interpersonal for In the case of our employees, w sites,7,400 and controllingover 60,000 consumption. points of an Energy, Follow introduced thanmore operatingat utilities, and energy managing of system innovative we quarter, fourth the In fashion. secure short the in for energy acquiring also and contracts managing for Energy channel launched relationship digital also a Place, Company The environment. contracting free the E deliver facilitating solution to able were we Market, Energy Free the in clients our to example, For areas. business and administrative the contagion of risks control to teams field operational excellence with preventive measures being rigo the of pace determined The licensing systems. Despite restrictions arising from the pandemic Largo Campo the projects: transformational and major three around revolve plans The 2020. for plans investment our implementing continue deliver consistent and discipline financial our of fruit The thanks this dedicatedAll to systems and tools together with teams trained and engaged in routines adjusting and processes. days. two of space the in regime working our of ge part remotelarge a operationsthe of Similarly, home a to employees our of 70% approximately transferring successfully in crucial and resilient more increasingly Energia Brasil ENGIE renderi for years recent in place into put strategies our of assertiveness the demonstrate to able were we period, the During which Company communities in the conducts its business. – understanding risks, predicting the impacts, and adapting activities. All our efforts were focused on ensuring the supply of priori our set we pandemic, the of onset the with uncertainty of sea a in ourselves found we which in year a of light the In

vital to society recognition ng alternativesng theat asset for through the intermediary a Working Partydedicatedof special to the purpose. .

assets. And additionally, resuming the process for identifying prospective purchasers of the Pampa Sul Thermoelectric Sul Pampa the of purchasers prospective identifying for process the resuming additionally, And assets. ximately R$ 2.2 billion –

, the remains, outlook the three for toprojects of of this, we continue to prioritize investments in energy generation from renewable resources. In 2021, we are beginning –

this enjoying strong participation on the part of our employees employees our of part the on participation strong enjoying this II

of the effects of the of effects the of Wind Complex in the Northeast, and the NovoEs the Northeast, and the in Wind Complex –

and the at same time, protecting lives, guaranteeing the integralhealth of our teams, and givi the migration of small and middle and small of migration the the prioritization of immediate help for the more vulnerable as well as help for healthcare centers for centers healthcare for help as well as vulnerable more the for help immediate of prioritization the – -

term market term

te loain f oe hn $ mlin Sm o tee eore cm fo te Solidarity the from came resources these of Some million. 7 R$ than more of allocation the h and ENGIE Brasil Energia Energia Brasil ENGIE was accompanied in parallel by our staff in staff our by parallel in accompanied was e e developed tools for enhancing connectivity ment and as psychological support. Additional to the sanitary protocols already in place, these place, in already protocols sanitary the to Additional support. psychological as and ment o contributed to learning new ways of carrying out tasks and set to be part of our working lives working our of part be to set and tasks out carrying of ways new learning to contributed o

bringing with it an additional 434 MW to the Company’s installed capacity, all energy generated hydrological risk hydrological – –

a all online and in and online all culture.

combination combination of ntuetl n maintaining in instrumental - - pronged approach has guided our actions of social responsibility since the since responsibility social of actions our guided has approach pronged ooia a dedicated a conomiza,

- renegotiation higher

market companies to companies market connected to the future. Digitization, intensively pursued since 2015, was 2015, since pursued intensively Digitization, future. the to connected – nerator complex helped to reduce risks and maintain plant performance. plant maintain reduceand risks to nerator helped complex go go into operationbefore the end of 2021.

– y of results, we were able to guarantee resources from the market and market the from resources guarantee to able were we results, of y and, in the case of Gralha Azul, legal obstacles relative to environmental

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

rously executed than in 2019, Ebitda of R$ 6.5 billion and net income of R$ 2.8 billi

the the an agile and agile an

Among the factors that contributed to this evolution, we mention we evolution, this to contributed that factors the Among tado and (inGralha (in Azul the the North) South)transmission variations in , the contribution of contribution the , –

not not only for business purposes but more especially amount t h sm tm, protecting time, same the at ensuring the of supply energy on focused were efforts our “All the Company conducts its business.” its conducts the Company which in communities the to support giving and teams, our of health the guaranteeing - s rifrig omnt eggmn a a as engagement community reinforcing so ,

of energy sold Transportadora Associada de de Associada Transportadora

which will anhave investment

and –

vital tovital society the the average ng ng thesupport to

Gás net selling

– lives, energy ties as ties

tarina, tarina, - and and

TAG

on, ng s,

and responsiblecourageous way. atypical year of the2020, Company is prepared to make its contribution to overcoming the challenges of the during shown have we As development. sustainable for potential country’s the to as convinced absolutely is Energia Brasil business more A for potential enormous dynamizing the sector. competitive. sustain increasingly it rendering sector,electricity the Brazilian of modernization the for conditions the establishing 998, arisin effects with improvements the of approval the Law recognizing theof right the hydroelectric generators to compensation for the finan remain maturity its with the mobilization for drawing up a plan for the ensuring distributors, that eventual defaults did not contam energy sector, of part the on adaptation requiring continue will transition energy the for necessary transformations the that appreciate We

e o te au can ih h pbiain f rvsoa Measure Provisional of publication the with chain value the of der

g from external factors causing increased losses under the GSF over recent years and also Provisional Measure Provisional also and years recent over GSF the under losses increased causing factors external from g xetto o pors i as ipii i te eae big odce wt rset o h Nw a Lw with Law, Gas New the to respect with conducted being debates the in implicit also is progress of Expectation mobilizing mobilizing both government and private sector entities. In 2020, the Brazilian Electric Energy Sector demonstrated - friendly environment will be critical to recovery in the Brazilian economy, opening economy, Brazilian the in recovery to critical be will environment friendly Officer Executive and Investor Chief Relations Antonio GoriSattamini Eduardo ENGIE Brasil Energia Energia Brasil ENGIE

–

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

5. hr wr as sm ntbe regulatory notable some also were There 950. Chief Cardoso MaltaMarcelo

Financial Officer

the way to growth. ENGIE growth. to way the the future in an integral,

able and able inate inate the cial the

2020 31, December as of Complex Generating plant) generation jointly the Companyby and four (the Itá, Machadinho and Estreito PowerPlants Hydro and the biomass 45 and thermal four hydro, (11 plants 60 of comprised MW, 10,431.2 with complex generating a operates and capacity installed of MW 8,710.5 ENGIE Generation AssetsEnergy

Itá Salto Santiago Salto Machadinho Estreito Salto Osório Salto Cana Brava Cana Jaguara Miranda São Salvador São Passo Fundo Passo Ponte de Pedra de Ponte Total - Hydro Jorge Lacerda Complex Lacerda Jorge Pampa Sul Sul Pampa Total - Thermal Umburanas Complex Complex Umburanas Campo Largo Complex Largo Campo Trairi Complex Trairi Ferrari Ferrari Ibitiúva Bioenergética Assú V Assú Lages Rondonópolis José Gelazio da Rocha Gelazio da José Nova Aurora Tubarão Total - Complementary

Total

5 4 3 2 1 * For generating plants lower installedwith equal generating legal than to capacity is the or the instrument MW For 5 applicable power8 plants. of comprised Complex plants.11 of comprised power Complex plants.18 of comprised power Complex three pow of comprised Complex It does not consider the concessions not extension of does certainIt plants, of resulting from adherence of the hyd to renegotiation the

Brasil Energia is part of the largest independent power producer group in the country and, at the end of the 4Q20 had 4Q20 the of end the at and, country the in group producer power independent largest the of part is Energia Brasil

Power Plants Power

complementary energy source plants plants source energy complementary

1 - owned through consortiaowned through with companies. other er plants.

ENGIE Brasil Energia Energia Brasil ENGIE

Wind Farm Wind Wind Farm Wind Wind Farm Wind

Wind Farm Wind

Biomass Biomass

Biomass

Thermal Thermal

Source

Hydro Hydro Hydro Hydro Hydro Hydro Hydro Hydro Hydro Hydro Hydro

Solar

SHP SHP

Ribeirão Ponte de Pedra (MT) Pedra de Ponte Ribeirão Ribeirão Ponte de Pedra (MT) Pedra de Ponte Ribeirão

Uruguai River (SC and RS) River (SC and Uruguai

Passo Fundo River (RS) Fundo Passo

Tocantins River (TO/MA)Tocantins

Capivari de Baixo de (SC) Capivari

Tocantins River (GO) Tocantins

Tocantins River (TO) Tocantins

Correntes River (MT)Correntes

Araguari River Araguari (MG)

Pirassununga (SP) Pirassununga

Grande River (MG)Grande

Iguaçu River (PR) Iguaçu

Pitangueiras (SP) Pitangueiras

Umburanas (BA) Umburanas Umburanas (BA) Umburanas

Candiota (RS) Candiota

Tubarão (SC) Tubarão Tubarão (SC) Tubarão

Lages (SC) Lages

Trairi (CE) Trairi

Assú (RN) Assú

Location —

– biomass, SHP, wind powered and solar), 56 of which are whollyare which of 56 andsolar), powered wind SHP, biomass,

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

Installed Capacity (MW) Capacity Installed

Total Total

10,431.2

1,450.0 1,420.0 1,140.0 1,087.0 1,078.0

8,102.3

1,202.0

1,126.9 record.

450.0 424.0 408.0 243.2 226.0 176.1

857.0 345.0

360.0 326.7 212.6

80.5 33.0 30.0 28.0 26.6 24.4

3.0 2.1

Company's rological risk rological in risk to 14 Law referred

1,126.9 1,420.0

1,078.0

6,391.7

1,202.0

1,116.8

8,710.5

403.9 435.6

450.0 424.0 408.0 243.2 226.0 176.1

857.0 345.0

360.0 326.7 212.6

80.5 22.9 30.0 28.0 26.6 24.4

3.0 2.1

expiration date * date expiration - fired Bioenergética Ibitiúva co

Authorization Authorization

original term term original

not not applicable not not applicable

Concession/

Sep/28

Dec/47 Dec/47

Sep/28 Sep/34

Sep/28

Sep/41

Dec/32 Dec/32

Nov/37

Aug/33

Mar/50

Aug/49

Jun/42

Jun/51

Oct/30

Apr/37

Apr/30

Oct/32

Jul/32

Jul/50 . 052/2020.

Assured energy

Company's

(aMW) (aMW)

Share - owned

3,417.7

4,970.9

564.7 733.3 165.3 256.9 502.6 260.8 341.0 198.2 148.2 113.1 133.6

649.9 323.5 973.4 213.3 166.5 100.8

579.8

35.6 12.0

16.5 14.0 11.9

9.2

0.0 0.0 -

totaling 8.2 MWp were sold, enabling clients to reduce carbon carbon reduce to the clients enabling leases sold, annuallyemissions dioxide by tons. 1,581 about were and MWp 8.2 (asset invests totaling clients EGSD to whereby equipment implemen projects effective the generation saw quarter fourth The to theone endcloser consumer. matrix, energy dynamic more a to contributes segment energy solar bein Solar Generation Distributed Breakdown Contracts ( S.A. Brasileiro TAG i them, among points, interconnection several has network pipeline gas The municipalities and M Urucu between line of section further a as well as seaboards northeastern high pressure gas pipelines extending along the countr of km 4,500 of infrastructure an with Brazil, in operation transportation gas S.A. Gás de Associada Transportadora Transportation Assets Gas

Gasene Malha NE Pilar-Ipojuca Urucu-Coari-Manaus Lagoa Parda-Vitória Total * Differences in the in revenues contracts representativity of occur.Differences between may TAG TAG

Gas Pipelines g concluded in August 2018. The investment The 2018. August in concluded g

Solimões s anaus, in the state of Amazonas

Basin significantly Gas 06 hog EGE eaã Slr Distribu which Solar of stock capital total the of acquisition Geraçãothe (EGSD), ENGIE through since 2016 market generation distributed the in operated has

RR . Pipelines Pipelines

Petrobras

RS contracted

Size (km)Size

4,500.0 Location

1,400 2,000 )

200 800 100

SP .

Santos Basin -

MA ENGIE Brasil Energia Energia Brasil ENGIE

MG ae poet) Nw agreements New projects). based

PI (~99%) for an average

Under negotiation

Campos Basin

Contract

Maturity crossing 10 Brazilian states and 181

Dec-25

Nov-33

Nov-31 Nov-30

Espírito Santo Basin –

Recôncavo Basin

RN TAG

(TAG)

ain f remote of tation in the distributed the in

ieie, otiuig o h div energy Brazilian mix. the to contributing pipelines, This requires large scale and sophisticated infrastructure such as TAG`s gas line with the Group`s global strategy of being a leader in the energy transition. E Petrobras of million hands the in still stake minority and10% plants d fertilizer refineries, ENGIE of existing subsidiary partners,a with the Jointly supplying for powerplants. thermoelectric stations 11 compressor as exit well a as gas points 90 and further (LNG) terminals) Gas Natural (including two Liquified points entry gas active 13 distributors, gas 10

Expiration Date The Company Company The

épôt épôt et

Authorization

NGIE y’ is the largest natural largest the is s southeastern and term –

Mar-39 Mar-39 Nov-41 Nov-40 Mar-39

Term Term

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings , so, thatthe a Companynow of holds total of 32.5% TAG’s shares í a S.A. da B

of of approximately 10 years p rasil rasil lacement lacement du Quebec (CDPQ), EBE in July acquired the remaining

E nergia’ System by Solar installed A EGSD. Distributed

(MM m³/day)(MM

Contracted

Volumes s

30.3 21.6 15.0

74.3 presence

6.7 0.7 Corporate

ENGIE ENGIE S.A.

32.5

into gas the into natural in segment Brazil is riiain n dcroiain f the of decarbonization and ersification through through current

% Projected of

Net Operating Net

Structure

Revenue*

100.0%

41.5% 22.0%

30.5%

6.0%

0.0%

ENGIE ENGIE Brasil

Energia

32.5 agreements n wrh $ 1,006.7 R$ worth and

Readjustment

IGPM/CPI/FX S.A. and Caísse de Caísse and S.A.

IGPM/IPCA

index

IGPM IGPM

IGPM

with

35.0 Petróleo

% .

2020 the Brazilian with signed was contract financing project's The 9, 2023March agreement concession the of date signature from as years 30 be was plant The De on unveiled MW. 3,750 of capacity installed total a representing Since November 2016, Jirau HPP has 50 generating units in operation, River, thePorto in Madeira of city Rondônia. Velho, of state Jirau the by generated Expans Number o Number Average Portfolio PPA’s Jirau Energia

352

2016

2020 .

2,212

1,565

538

2034 Development

95 ion the licensing, the construction, assembly and the operation and maintenance of transmission of and li the andthe the operation maintenance licensing, construction, assembly the includingservice, utility transmission public the for term concession The ones. existing five another expansion of and the includes also project The Brazil. in sector transmission energy the into debut the in kilometers 1,000 about of stretch a for 02 Auction Transmission Aneel

5,510

1,261 f

2017

systems

cember 16, 2016.

2035

2,212

1,565

10,059

538

2018

666

2043

Installed

Installed and installed c installed and Bank

maintenance, operation and sale of energy of sale and operation maintenance, (ESBR), Brasil denominati yreeti Pwr ln, oae i the in located Plant, Power Hydroelectric

20,014 BDS o Mar on (BNDES) ENGIE Brasil Energia Energia Brasil ENGIE

2019

Capacity

Systems

459

Regulated Partners Bilateral Uncontracted Losses

n of on

(

17,824 apacity

kWp

2020

185

)

s epnil fr the for responsible is nri Ssetvl do Sustentável Energia Jirau Energia, new new Energia, Jirau

h 30, ch effects ofthe Covid effects periods the in reported generation in Reductions 1,721.8 FID was with 2019, year Factor) 99.7% (Uptime of for MW average the 1,926.4 the for than bellow 10.6% generation MW, average recorded accumulated The booking). Uptime Operator System Ratio (FID) was 99.7% Electrical (data subject to National final Ele the while 4Q19, for MW average In onawaiting hold, put Participações e Comercializadora de Energia Ltda. The transfer assessment has of the capital stock of o economic an for to preparation of a proposal services for the eventual transfer to ENGIE Brasil advisory Energia (EBE) S.A. financial provide BBA Itaú engagement of Banco the announced (EBP) Participações Brasil ENGIE 2017, May In

4,602

4Q19 f EBP’s stakes of 40% in ESBR Participações S.A. (ESBRpar)

98 4 Q On Decem On 20 , the plant the , – Total

4Q20 Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings Value as of December 2017December of as Value

3,354

Lot 1 ber 15, 2017, the Company made a successful bid for Lot 1 of 1 Lot for bid successful a made Company the 2017, 15, ber ,

generated - with a maximum cut maximum a with 19 favorable pandemic and less hydrological conditions of capacity 2, installed Solar has Geração Distribuída ENGIE operations, its of outset the Since total with a 17,8 installed systems capacity of MWp. of capacity corporations, In major with Group and consolidating strategy. ties res B2B commercial the from EGSD’s originated projects the (business of 91.8% 2020, Sales of energy capacity in 4Q20 amounted to 9.2 MWp. For

more for conditions resume. favorable more the to discussions Jirau Energia ponsible for projects involving larger installed capacity, capacity, installed larger involving projects for ponsible 4 Q20, Q20, .

Corporate Corporate

686.1 average MW, 43.1% lower than the 1,205.7 the than lower 43.1% MW, average 686.1 - Paraná (PR) Paraná to Location 32 53,8 - 3,4 business) segment. This helps strengthen strengthen helps This segment. business)

– ytm wr dpoe wt a installed an with deployed were systems

M and the 100% participation in Geramamoré

20% M Structure Wp Wp - off date for entry into operation set for set operation into entry for date off . s Drn 22, GD ntle 185 installed EGSD 2020, During .

tate of Paraná (PR), marking EBE’s marking (PR), Paraná of tate

installation of five new substations new five of installation ctric Energy Trade Board (CCEE)

598

reflect the combination of the of combination the reflect Contracted

20%

20% RAP(RS ytm wt a installed an with systems million)

- iaca suy o the for study financial 231.7 231.7 ne installations willne

40% –

holder holder of 100% (R$million)* Estimated Capex Capex

1,700.0 1,700.0 .

202 9, 2023 The cutoff date for the transmission atthe expansion civilworks is pha of stage advanced an execution 4Q20, at is substation Pelada In Serra the on work assembly. Civil tower Pelada Serra the as well as the TL Pelada Serra in both of begun operations slinging 16% cable line transmission with together completed the for construction mobilized work. Some 60% been of the work has on tower 6,000 foundations has been than more of workforce a Currently, with the was agreement signed S.A. da Banco Amazônia (BASA), the fundingfor of part installationof the financing a 2020, 19, August on Subsequently, BNDES. the with signed was agreement financing project a 2020, 26, June On constructi the sites. at activities with April in beginning construction 2020, 16, March on mobilizing began contractors leading The (Ibama). Resources Natural years. line a operation construction, the is concession the of object The ownership. thus 15%, approximately at remains Paraná of state Aneel by indicated figure the against value especially consume and more nationwide consumers transmission for tariff cheaper a the provision feasible of rendering investment in reduction a for outllook The the to Itaipu st September 2021, 18 months ahead of schedule in relation to final delivery date, thus anticipating a solution to energy supply c federal electro and work civil with complete 75% was System Transmission Azul Gralha the of implementation overall the 4Q20, of end the by Consequently, resumed. Ivaiporã the to respect with su (ACP), Action Class The policies. process as well as compensatory measures adopted on a the voluntary ofin basis, Courtall light implementedFederal the in a in line by with 2020 issued the October injunction Company’s temporary sustainabil a revoked (STJ) Justice of Court Higher federal the 2020, 9, December On

Total (%) (RAP) Revenue Allowed Annual the Part of * 9.8 6.3 Base March 2020,excluding acquisition cost Base March s 1 %

, a new substation and upgrades to a further three existing substations in the states of Pará and Tocantins, for a term of 30 termof a for Tocantins, and Pará of states the in substations existing three further a to upgrades and substation new a , 10.1

Lot . %

68.5 On was 18, May a start

The installation license of the project has been issu , % but % neso areet Te siae mnh o cmlto o te rjc wti a eue tmfae ean as remains timeframe reduced a within project the of completion for month estimated The agreement. oncession

–

oo sao nri SA, ed y trie rsl atcpçe SA, s h scesu bde fr o 3 f Aneel of theAmendment2020, First Instrument the respectiveto was ConcessionAgreement 3 consolidatingsigned, transfer of Lot for bidder successful i the held as 002/2017, S.A., Auction Transmission Participações Brasil Sterlite by held S.A., Energia Estado Novo Participações

the Company the overall level of completion being 36% while substation while 36% being completion of level overall the ate of Paraná.ate of .

Pará (PA)Pará (TO) e Tocantins

5.3 % -

Location mechanical assembly of the transmission lines and substations meeting the schedule established in the in established schedule the meeting substations and lines transmission the of assembly mechanical

S.A., the Company signed a purchase and sale agreement for the purchase of stock, the issue of Sterlite 's 's forecast is to reduce this period to –

made on the work itself. on made civil

ENGIE Brasil Energia Energia Brasil ENGIE Ponta Grossa C1 and C2 and Ponta Grossa Grossa Ponta and C2 and C1 Grossa Ponta

Company’s arguments demonstrating the correctness of the project’s environmental licensing environmental project’s the of correctness the demonstrating arguments Company’s se systems . bsequently revoked, had suspended the environmental licenses for the transmission lines transmission the for licenses environmental the suspended had revoked, bsequently

Section Section Section Section Section

Contracted

RAP(RS

million)

to go into operation is March – 5 4 3 2 1

313.1 313.1 Miracema TL sections. TL Miracema n December 2017. December n In In December 2019, through its subsidiary, ENGIE Transmissão de Energia

(R$million)*

Estimated –

Capex Capex

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

h Xingu the nd maintenance of approximately 1,800 kilometers of transmission of kilometers 1,800 approximately of maintenance nd ed ed by the Brazilian Institute of the Environment and Renewable December

3,000.0 3,000.0 Tower assembly Tower

The operation closed on March 3, 2020 and on May 29, May on and 2020 3, March on closed operation The -

assembly Tower –

Bateias C1 and C2 sections allowing work to be to work allowing sections C2 and C1 Bateias

of of the project .

rs the in

from on ity

Projects under Development under Projects the free market.in and billion 2.2 R$ approximately of investment estimated region, ininvolves the the creatingabout supply jobs thousand for responsible a an at phase, This proceed. to Complex Wind Agostinho Santo the In January 2021, ENGIE signed an agreement with Siemens Gamesa for the to be project environmentally viable quarter the first wind turbines alrea has Authorization completed. been had work the of 72.4% 4Q20, of end the By initiated. turbines wind the of thecommissioning and completed was substation collector the of theexpansion on Work turbines. wind the the and substation; collector the with turbines wind the up connecting networks voltage med the of installation the works; civil 2020: quarter fourth the during progress in work continuing represents following The the projectwas financing signe project. the of areas all in for th licences installationthe All sold be will II Largo Campo the Freein Contractingentirely from output Power region. the in (GW) E With the installation of the second phase of capacity. installed of MW 686.7 of total a with complexes wind I Phase existing with synergies the Company to support both the Campo Largo of benefits the by installed the line, transmission and substation the as such structures enjoy will Project The of assured energyR$MW with about investments of 1.6 billion. Phase II represents 361.2 MW of installed Project

Campo Largo II Largo Complex Campo Santo Agostinho Complex - Phase I - Phase Complex Agostinho Santo Total

Santo Agostinho Complex - Phase II - Phase Complex Agostinho Santo Campo Largo Solar Complex Solar Largo Campo Umburanas Complex - Phase II - Phase Complex Umburanas Campo Largo III Largo Complex Campo Assú - Plants I, - II,Plants Assú III e IV Alvorada Total nergia

of 2021. of ’s total installed wind capacity will surpass the mark of 1 gigawatt s

Power plants Power niomna poeto aec, h Environment the agency, protection environmental the of capital the Natal, of city the MW

oae i te ucplte o Ubrns n Sno Sé, Sento and approximately 420 Umburanas km dista of muncipalities the in located implement to underway under under

Power plants Power , th ,

Implementation first phase of the c the of phase first .

The The first R equests for operating licenses for the first wind farms have already been filed. The agreement for agreement The filed. been already have farms wind first the for licenses operating for equests ENGIE Brasil Energia Energia Brasil ENGIE d with the BNDESon with27, April d the 2020. wind wind farms Environment (ACL).

Wind FarmWind Wind FarmWind e eleven wind farms comprising the project have been issued thus allowing activities to proceed to activities allowing thus issued been have the project comprising wind farms eleven e

Source

the Campo Largo Campo the

and in and 2020, in June requestfora the installation with filed Idemalicense was

omplex will be located in the municipalities of Lajes and Pedro Avelino, about 120 km fromkm 120 about PedroAvelino, and Lajes of municipalities the in located be will omplex ntfrom the stateSalvador. capital,

Wind Farm Wind

Wind Farm Wind Wind Farm Wind

Source

Solar

Solar Solar

are are expected to start commercial operation

Umburanas and Sento Sé Sento (BA)and Umburanas

Lajes and Pedro AvelinoPedro and (RN) Lajes Campo Largo, E capacity –

s Phase Phase I and Umburanas tate of Rio Grande do Norte. In June 2016, the 2016, June In Norte. do Grande Rio of tate

Location

Lajes and Pedro Avelino Pedro and (RN) Lajes

Umburanas e Sento Sé e Sento (BA) Umburanas

and 192.5 average II

Bom Jesus da Lapa (BA) Lapa da Jesus Bom

id Complex, Wind –

Umburanas (BA) Umburanas Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings Activities are Activities NGIE

Assú (RN) Assú

Location l n Ssanbe eeomn Isiue Iea, elrd the declared (Idema), Institute Development Sustainable and al

rasil rasil –

Installed Capacity (MW) Capacity Installed

Total Total Wind turbine generator turbine Wind assembly

361.2 434.0 795.2 supply ofsupply wind allowingturbines, the initial phase of

of a total installed capacity of 434 to a of of installed 434 MW total capacity clients

Company's

Installed Capacity (MW) Capacity Installed in

Total Total

February manufacture, delivery and assembly of assembly and delivery manufacture, With a a With

1,476.0

366.0 400.0 250.0 250.0 120.0

361.2 434.0 795.2

90.0 dy been granted for test operating test for granted been dy s total installed capacity installed total

expiration date expiration tate of Rio Grande do Norte’s do Grande Rio of tate 2021

Authorization Authorization

original term term original

Concession/

Company's

while the last

- -

1,476.0

366.0 400.0 250.0 250.0 120.0

90.0 .

Assured energy

Company's

for

(aMW) (aMW)

the of

192.5 218.0 410.5

third 434 ium

the shutdownperiod the for corrective atmaintenance the Lages Cog In the case of the complementary power plants, there was a 6.3 p.p. decline in uptime compared with 4Q19, in large part refle lar due 4Q19, than Pampagreater performance theimproved of period. Sul in p.p. 11.3 ratio, uptime the in increase an was there plants, power thermoelectric the At stoppages. of period same the in verified than p.p.more 0.9 was 4Q20 in ratio uptime global the stoppages, maintenance scheduled Including plants, allIf scheduledshutdowns aretakeninto account wind sources, SHPs,energy namely biomass, and photovoltaics 7 plants, hydroelectric the for T Generating ParkEnergy Operating Uptime w as well B and regulated free markets. to and qualify phase participate in inopportunities boththe free and regulated markets participate in to opportunities free both andmarkets. regulated is approximately project 250 MW thethroughaccessing free consumer theofmarket medium PPAs. corporate The others. and teams fo necessary documentation accesses,the all has project accommodation, site substation, the as such stages operational and installation the during for therequest installation was filedlicense with Idema. Norte do Grande Rio of state the in agency environmental he he plants operated by ENGIE Brasil Energia reported uptime working of esides the abovementioned the Companyprojects, is also examining hich is taking worldplace hich level.at 2019. Hydroelectric uptime, in turn, was 0.3 p.p. greater in the quarter due to shorter time spans for preventive and predict and preventive for spans time shorter to due quarter the in greater p.p. 0.3 was turn, in uptime, Hydroelectric 2019.

75.0% partnerships which could accelerate the development of this energy source in line with the process of energy transition energy of process the with line in source energy this of development the accelerate could which partnerships and already has already and others and line transmission capture Wind Complex, capturing Wind synergies especially the commercialduring operation. process, regularizing land aspects and will be further developed by licensing environmental the in is project The phase. third its of development the with Complex Wind Largo Campo the Complex energy solar generating for potential went into commercial operations in December 2017 a have capacity of 400 MW 400 of capacity State Company adjacent to adjacent Company the in available and tomarket ensure optimum of use the wind region’s resources. In duethe course, projecttechnologies is to be developed by the new the reflect to 2021 of course the during updated be to is this although regularized

for the thermoelectricfor and ), the ),

synergies total total . The projects, which projects, The . photovoltaic project is to have 12 photovoltaic solar energy plants, these totaling a a totaling these plants, energy solar photovoltaic 12 have to is project photovoltaic installed capacity of approximately 150 MW 150 approximately of capacity installed the

that will assist

5.0 previous license issued by the by issued license previous ENGIE Brasil Energia Energia Brasil ENGIE . The projects are at a development phase and are qualified to participate in opportunities in both in opportunities in participate to qualified are and phase development a at are projects The .

% for the thermoelectric plants and 9 and plants thermoelectric the for % the , taking, advanta

Campo Largo and Umburanas and Largo Campo .

In the development phase, it should have a have should it phase, development the In 88.3 will have a total installed installed total a have will in in the develo Located in the in Located % % plants operatingfor with energy complementary sources. r participation in energy auctions, a fact which does not eliminate the feasibility of feasibility the eliminate not does which fact a auctions, energy in r participation –

ENGIE Brasi ENGIE for the development of three projects comprising the comprising projects three of development the for ge ofwindge the resources in thebest region

, the aggregate uptime the in pment pment and viability, such as: accommodation, external access, substation,

Situated in the same area as the Campo Largo Campo the as area same the in Situated –

The Company intends to add ab add to intends Company The

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

- Municipality of Assú, of Municipality ,

. The other solar energy plants under development are also qualified Environmental and Sustainable Development Institute (Idema) Development Institute Sustainable andEnvironmental which which l Energia has acquired a site in the in site a acquired has Energia l .

eneration Unit already is Phase Second the for licensing environmental The declared the project environmentally project the declared – capacity of 90 MW. 90 of capacity , consisting of five projects, among them Assú V Assú them among projects, five of consisting , 1.2

opportunities with in areas hight Phase I Wind Complex, in this way capturing synergies synergies capturing way this in Complex, Wind I Phase 95.8 %

the Company with respect to the plants fired from complementary from fired plants the to respect with % in The currently planned installed capacity for the .

s 4Q20 tate of Rio Grande do Norte, the Complex willComplex the Norte, do Grande Rio of tate 4Q20

total installed capacity reaching capacity installed total .

, ignoring scheduled stoppages

was

next to Phases

out The projects are at the development development the at are projects The L ocated . 90.6

250 MW of installed capacity installed of MW 250

s %: tate of Bahia, Bahia, of tate next next 93.2

photovoltaic potential Alvorada Photovoltaic Alvorada

I viable

% for the hydroelectric W to the first phase first the to potential installation potential and ind II .

C of Campo Largo I n June 2020, a 2020, June n – omplex

a region with region a gely to the to gely . Assú V Assú . 366 :

(B 99.6 cting cting

, will ,

ahia MW - ,

ive

an as % to

Plant for corrective maintenancePlant on the generator unit of the temporary stoppage of operations at the Lages Cogeneration of south the Brazil. Lower production in from complementary especially sources less is a more reflection sited, to are plants Company’s ascribed the mainly be can basins where hydrographic the in conditions hydrological favorable 4Q19, with compared 4Q20 in plants hydroelectric the from generation overall in reduction The termoelectric energyon 29.6% sources, hydro the point Results units sourced complementary plants thermoelectric plants hydroelectric follows: as Brasil ENGIE is by operated plants Energia from output Electricity Production Energy the otherhandsourced plants on was due energ complementary and hydroelectric in increase The operations. continuous in faults to exposure greater reflecting turn in a and thermoele the at availability in reduction respectively, plants, Thep.p. 3.1 of uptime thermoelectric of case the in reduction complementary and hydro the at p.p. 1.1 and p.p. 2.2 of increases comprising higher, on into year a On sources. energy taken complementary from fired plants are of case the in 90.2% and plants thermoelectric the for 66.0% stoppages of 2020 programmed consideration all If photovoltaics complementary sources from power powered plants thermoelectric for 93.5% the and plants for 76.9% plants, hydroelectric the of case the in 99.7% 96.4%, of ratio uptime an achieved scheduled excluding 2020, of shutdowns months 12 full the For Average Source Complementary by Generation 10.7 - year comparative basis

4Q19

606

481

16 %

Wind

was was 90.9%, that is 94.6% for the hydroelectric plants, MW was lower

15.8% — and

pat oeae b EGE rsl Energia Brasil ENGIE by operated plants ,

. , respectively, , 10,220

, internal overall uptime and wind biomass, SHPs, incorporating

than production for

4Q20 complementary

423

510

SHP

GWh ( 1,963

Biomass , global internal uptime was 1.1 p.p.

12M19 4,628

529

418

81 to

W ( GWh ENGIE Brasil Energia Energia Brasil ENGIE decreases 1,127 7,130

- nry ore, n ices of increase and sources, energy

5.0% average MW) in 4Q19 889

12M20

for the full

502

405 GWh ( GWh

Solar W ( GWh

8 ctric power plants during 2020 against 2019, is due principally to unscheduled outages, unscheduled to principally due is 2019, against 2020 during plants power ctric in relation to . Total output breaks down

of of vrg M) n the and MW) average to to required time shorter forspans executing the work 17.0 3,229 510 % 4Q20 12 respectively. 5.0%, ofand 27.4% was decrease the operations, complementary and hydroelectric of ENGIE at output was production higher relative to the preceding year, 13.2% up on 2019. In the global case to t through fed when 2019, on down20,4% average MW), (4,003 GWh 35,163 approximately this Similarly, factor. load System’s Interconnected National the in reduction significant a provoked 12 entire the Thermoelectric merit, during Overall, of Lacerda order Jorge the the outside from Complex plants dispatch thermoelectric energy the guaranteeing of dispatch the the in particularly more 4Q20, during volumes storage reservoir preserve to order In 4Q20. of part larger the for Complex Power Thermoelectric Lacerda Jorge the to the corresponding increase in thermoelectric output and the need to dispatch facto main the was hydroelectricity of supply the in shortfall The

he total was 44,058 GWh (5,030 average MW). In 2020, only thermoelectric only 2020, In MW). average (5,030 GWh 44,058 was total he

vrg MW). average and 15.8% and MW), average

months 4Q19. .

. This result – South, the Electricity Sector Monitoring Committee (CMSE) authorized (CMSE) Committee Monitoring Sector Electricity the South,

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings .

- on C Operating Uptime onsidering scheduled shutdowns scheduled onsidering 92.4%

+2.2 p.p. +2.2

Hydro Average MW Average Generation

94.6%

5,185

3,893

4Q19

606 686

Hydro

10.7%

69.1% ots f 2020 of months

Thermal

3.1p.p.

66.0%

12M19

4,628

3,229

4Q20

510 889

Thermal

Complementary

89.1%

+1.1p.p.

12M20 te Covid the ,

12M19

5,030

3,924

90.2%

529 577

Complementary

20.4%

Consolidated

89.7% -

+1.1p.p. 9 pandemic 19 r contributing r

12M20

4,003

2,848

502 653

90.9% y

agre net on impact the Overall, profiles. operating revenueconsumer was free partially attenuated and by new agreements company at average trading prices higher between than the migrations average by offset partially Covid was the decrease by affected clients industrial of part the on consumption decreased to due largely was The reduction in the participation of free consumers in physical sales and in net operating revenues for the periods under an revenues),down other 2019. revenues), other and CCEE (except revenue In SalesElectric Energy Portfolio were 42.2 million volumes m ( In (ship capacity unutilized for charge a also and molecule gas natural the of transportation the for carrier the to it remunerated being return in gates, delivers city as known points entry and at Petrobras network pipeline its along points gathering Gás de Associada Transportadora Transportation Gas variabl other equal being all decrease, a is there when case the being opposite the (PLD), Differences of Settlement the for Price the to As to the Company’s thermal generation, its increase might reduce (as a risks of generation hydro the among participants. its deter economic in improvement this In 4 6 4Q20 4 .5 Q20, TAG transmitted an average volume of gas of gas of volume average an transmitted TAG Q20, ements ioration in economic

million m million In 12M20, free consumers represented 41.5% of physical sales and 37.6% of net operating revenues (excluding CCEE and context, it is worth pointing out that an increase in the Company’s hydroelectric generation does not necessarily reflect annecessarily reflectnot does generation hydroelectric the Company’s in increase thatan worth out pointing is itcontext, , the free consumer share of the Company’s rnprain evc, opiig prin o te effective the for portion a comprising service, transportation . .

- or 3 /day in the the in /day - pay).

4T19

13 12

Exportação Physical Sales (%) Sales Physical of by Customers Breakdown

1.6 -

financial performance due to the adoption of the Energy Reallocation Mechanism (MRE), which defrays -

4 financial performance. Conversely, a reduction in this type of generation does not inevitably imply a a imply inevitably not does generation of type this in reduction a Conversely, performance. financial p.p. and Q19). 3

4T20 /day (44.0 /day million m

14 11

34 ENGIE Brasil Energia Energia Brasil ENGIE

For the year as a whole, a as year the For 0.7

Trading

12M19

10 A rcie ntrl a diy at daily gas natural receives TAG p.p., respectively withcompared 201

13 de creases of 1. of creases 3

12M20 /day in/day 2019)

36 portfolio

Comercializadoras

44.6 –

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings trans was was

million m million 1 .

Comprising Net Operating Net (%) Comprising of in Customers Breakdown ContractedSales p.p. and p.p. ported 41.0 % of total physical sales and 3

/day gas

4T19 function function of the Company’s level of contracting) exposure 0.5

14 11

38 9 p.p., respectively in relation to the same quarter in quarter same the to relation in respectively p.p., .

Clientes Livres

MM m of gas volume Average

4Q19

46.5

4T20

41 3 /day

4.1%

12M19

4Q20

44.6

13 36.7

Distribuidoras 19 pandemic. However, this However, pandemic. 19 % % of the total net operating

12M20 for

0 7

12M19

42 transmitted

44.0

current current or terminated

4.1%

12M20

42.2

alysis es

( Balance Energy December Energia s of means a as year given any Differences of Settlement (Price for prices spot for exposure to of risk the mitigating availability energy future of sales gradual of strategy commercial a pursues Company The Strategy Commercialization of Electric Energy A

= ales are made during windows of opportunity that open when the market shows a greater buying propensity. buying greater a shows market the when open that opportunity of windows during made are ales

+ verage verage - - Notes: 4 3 2 1

The considered The estimates pricesand average are simply are based financial capturing changeon planning revisions,not volume The thebalance point to refers of settlement losses (net of consum internal Purchase net prices, trading considering net andoperations Purchase benefitsfrom PIS/Cofins credits, i.e.is consid future inflation not sales quota regime for (Jaguara Desconsidering trading is including ICMS andoperations, of taxes Salesprice, net over (PIS/Cofins,revenue future inflation R&D),i.e. is XXXX

Own Own Resources Purchases for Resale Purchases Total Resources Total (A) Government Auction Government Sales

Bilateral Sales Bilateral Total Sales (B) Sales Total Balance (AB) - Balance Sales average Purchases average XXXX ZZ WWWW YY

Government Auctionregime Government - Quotas (UHJA) - - Quotas 2018-30 2018 (UHMI) - Quotas - 2018 2018-30 ➔ ➔

2005-NE-2010-30 2006-NE-2009-30 2006-NE-2011-30 2007-NE-2012-30 Proinfa Energy Auction Reserve 1st Auction Mix Energy //(New DG) Reserve 2014-NE-2019-25 2014-NE-2019-25 2014-NE-2019-20 2015-NE-2018-20 Energy Auction8th Reserve 2014-EN-2019-20

- YY MW) s nry aac bsd n rpitr cmeca cpct ad oe prhsn areet ottnig s at as outstanding agreements purchasing power and capacity commercial proprietary on based balance energy ’s

➔

supply contract duration contractduration years)supply (in EE = existing energy or NE =new or energy EE energy =existing -

WWW year of auction of year ➔

year of delivery of start year 1

net - , 20 ZZ, where: ZZ,

price (R$/MWh)price

net 20

price (R$/MWh)price

is a

1 s follows:

: ENGIE Brasil Energia Energia Brasil ENGIE

and HPPs). Miranda

2021

196.6 177.6

5,830

5,155

2,010

3,145

4,851

200 493 148 256

295

239 139

675

979

19 12 14

10 82 46

2022

195.2 173.0

5,679

4,890

2,010

2,880 ption of plant).ption the

4,905

200 493 148 256

295

239 139

789

774

19 12 14

10 82 46

–

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

2023

193.9 163.6

5,488

4,456 1,032

2,010

2,446

4,907

200 493 148 256

295

239 139

581

19 12 14

10 82 46

2024

5,314

3,775 1,539

2,005 1,770

4,905

200 493 148 256

295

239 139

409

19 12

10 82 46

2025

5,252

3,236 2,016

1,994

1,242

4,903

200 493 148 256

295

239 139

349

10 82 46

2 8

—

2026

5,215

2,789 2,426

1,984

4,902 ered.

200 493 148 256

295

239 139 805 not considered. not

313 PLD) for that particular year. Electric energy Electric energy year. particular that for PLD)

10 82 46

- -

Gross s,which updated are quarterly.

(R$/MWh)

Auction

115.1 128.4 135.0 126.6 147.8 158.1

183.5 206.2 139.3 188.5 303.0 136.4

- -

Price

Reference

Dec-05

Nov-06

Aug-08

Nov-14 Nov-14 Aug-15 Nov-15 Nov-14

Jun-06

Jun-04

Mar-14

Oct-07

Jul-17 Jul-17

Date

Gross

(R$/MWh)

Adjusted

242.9 266.8 278.5 250.8 305.3 296.1 288.7 260.0 271.5 184.0 233.1 370.2 184.3

153.0 173.6

Price ENGIE Brasil ENGIE

PIS/COFINS/P&D

Net

(R$/MWh)

218.2 239.7 250.2 225.4 294.2 285.3 278.2 233.6 261.6 167.0 211.6 336.0 167.3

145.9 165.6

Price of

construction. 2 1 corporate basis. is result financial Company’s The

Segment represented by the Gralha Azul Transmission System Generationand of sale electric energy from the taxes taxes taxes Operationalcosts Netoperating revenue Income(loss) before financial resultsand Equityincome Impairment O Selling, Gross Operationalcosts Netoperating revenue Income(loss) before financial resultsand Equityincome Otheroperating Selling,general and administrative expenses Grossincome Operationalcosts Netoperating revenue Inc Equityincome Impairment Otheroperating expenses, net Selling,general and administrative expenses Grossincome (loss) theroperating expenses, net ome(loss) before financial resultsand

income(loss) generaland administrative expenses

expenses

,net

ENGIE Brasil Energia Energia Brasil ENGIE not

allocated by segment since Management administers the cash flow on a a on flow cash the administers Management since segment by allocated

Company’sportfolio (“Generation”).

Generation

(1 1 1 2 1 1 2 ( ( , 140 319 256 , , , , , , (98 (10 (74 (98 (84 809 921 9 062 055 374 789 977 234 (3 (1 (4 80 ...... 4) 4 0 8) 6) 5 6 8) 2) 1 5) ...... 0 8 9 8 8 8 7 3 4 1 – - ) ) - ) ) - )

and Novo Estado Transmissora de Energia (acquired in March 2020)

Electric

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

Transmission Variation 4Q 4Q20

Resultby 1 energy 9

1 1 (987 (934 , , (53 191 192 183 183 179 117

(0 (0 61 8 8 . . .2) . . 0 5 5 2 . . . . .2 . . .4 . 2 5 5 5 7 2 7 9

- - - ) - - - ) - - - ) ) s

egment

Trading (320 (352 (42 (41 (43 (42 (32 (10 321 310 (0 (0 (0 0 1 ...... – 7 4 5) 8) 7) 6 0 1 9 2) 7 . . . . 5 2 6 9

- - ) ) - - - ) ) - - - ) ) ) 4

Q20x

p Solar anels (36 (37 4

(1 (2 (1 (1 Q19 37 44 0 5 6 7 1 6 7 ......

5 3 4 2 7 3) ...... 8 2 7 9 6 2 1 1 4 ) - - ) ) - - - ) ) - - -

(in R$(in million)

t ransportation Gas

120 120 86 86 33 33

. . .3 .3 . . consolidated and consolidated 8 8 5 5 ------

Consolidated ,

both (1 (1

1 1 1 2 2 2 3 , ,

728 634 , , , , , , , under (98 (77 (98 (87 990 974 120 068 074 066 795 06 135 7 (3 (9 (1 (4 33 94 86 69 5 ...... 8) 2) 6 4) 4 8 8) 6) 0 1) ...... 3 . . . .1 . . . 7 5 7 1 8 8 3 3 0 1 2 ) ) ) )

and consolidated result financial Company’s The taxes taxes taxes Income(loss) before Equityincome Impairment Otheroperating expenses, net Selling,general and administrative expenses Grossincome (loss) Operationalcosts Netoperating revenue Income(loss) before financial resultsand Equityincome Impairment Otheroperating expenses, net Selling,general and Grossincome (loss) Operationalcosts Netoperating revenue Income(loss) before financial resultsand Equityincome Impairment Otheroperating expenses, net Selling,general and administrative expenses Grossincome (loss) Operationalcosts Netoperating revenue

corporate basis

administrativeexpenses

financial resultsand

ENGIE Brasil Energia Energia Brasil ENGIE

n taxes and .

are

Generation

not (4 (3 1 4 4 8 4 5 8 (325 (243 (267 , , 294 328 , , , , , , , loae b sget ic Mngmn amnses h cs fo o a on flow cash the administers Management since segment by allocated (93 (24 (98 633 965 111 320 07 205 133 427 839 210 539 (4 (4 6 ...... 9) 2 1 8) 7) 8) 6 – 9) 1) 6) ...... 5 4 4 3 9 6 7 2 5 1 9 - ) ) - ) -

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

Electric

Transmission

Varia 12M 12M20

Resultby tion 1 (2 (2 energy 9 2 2 (151 , ,

122 274 , , 169 279 281 261 262 385 555

(1 (1 18 18 . . . . . 8) 5) 1) 3) 1) ...... 4 4 9 9 0 5 6 4 3

------s

egment

Trading (1 (1 1 1 , , 111 111 , , (25 (30 (27 (25 (25 109 083 (0 ( (2 (2 (3 (0 5 ...... – 1) 1) 3 9 4 4 7) 1) 6) 5) 4) 2) 2) . .

0 9

) - - - ) ) ) ------12M

20x p Solar anels

(17 (96 (81 12M (5 (7 (6 (5 (0 (0 (2 14 97 80 1 1

...... 0) 2) 1) 0) 0) 4) 6) 5) 8) 5) . . . . . 19 5 9 9 9 7 ------

(inR$

t ransportation Gas million)

487 487 406 406 81 81 ...... 1 1 1 1 0 0

------

Consolidated (1 (5 (6 12

1 1 2 4 4 9 5 5 (325 (253 (277 , , , 142 653 795 , , , , , , , , , (93 (24 (98 406 320 487 259 274 311 454 294 151 804 569 463 (4 (4 81 ...... 9) 1) 2) 9 9) 2) 0) 8) 7) 4) 9 ...... 0 1 4 1 2 6 8 7 9 5 5 5 3 ) ) 15

3 from the arises of plus margincost construction a for management construction progress of construction work on the Gralha Azul and Novo Estado transmission systems, and shown in the accounts as revenue Transmission: higher between to analyzedinflation the quarters allocated for sale under the Regulated Contractual Environment (ACR) due H paymen the of installment with an assets to financial of respect remuneration in million 37.3 R$ of increase the byameliorated partially were effects These price. selling average net and free from revenues in million 22.2 short declines: following the to due largely (5.9%), million Generation and energy sales wasvariation largely a This the reflection followingfactors:of with compared when In Operating RevenueNet

In In ydroelectric

Tradingcompanies Energy tradingoperations Constructionrevenue Freeconsumers Distribution Netoperating revenue Otherrevenues Unrealizedgains on tradingoperations Insuranceclaim receivable Gainof lawsuit Servicesrendered Transactionsin the short Remunerationof concession financialassets Tradingcompanies Energy tradingoperations Constructionrevenue Freeconsumers Distribution Netoperating revenue Otherrevenues Unrealizedgains on tradingoperations Insuranceclaim receivable Servicesrendered revenue Transactionsin the short Remunerationof Tradingcompanies Energy tradingoperations Constructionrevenue Freeconsumers Distribution Net Otherrevenues Unrealizedgains on tradingoperations Gainof Servicesrendered revenue Transactionsin the short Remunerationof 4Q20 4

mar Q20, Companythe recorded reductiona unrealizedin gains in trading operations

- operatingrevenue term market transactions, principally across the CCEE; and (ii) R$ (ii) and CCEE; the across principally transactions, market term kets nt prtn rvne increased revenue operating net , lawsuit c c c , result of the combination

ompanies ompanies ompanies oe Plants Power

nrae f $ ,1. mlin i lre at u to due part large in million, 1,117.9 R$ of increase c c oncession oncession revenue

4Q19

- - - termmarket termmarket termmarket

f f

from R$ 2, R$ from inancial inancial concessions grant in turn relative to energy to relative turn in grant concessions energy sales energy ENGIE Brasil Energia Energia Brasil ENGIE from from the

a a 3

ssets ssets of 795

portfolio: variations in energy volumes sold

fr h Jgaa n Miranda and Jaguara the for t .1 million to R$ 3, R$ to million .1

agreements

34.9

Generation

a a reduction of R$ 140.5 % (i) R$ 150.2 million in million 150.2 R$ (i) (R$ 2 2 (140 (150

, , – (11 (69 (17 303 108 245 822 845 153 145 175 805 909 234 374 in regulated and regulated in

11 30 10 30.7 37 64 Operatingrevenue by segment Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings 3 1 3 0.6 8 Variation . . . . . 974.1 769.2 769.2 5 2) 2) 7 0) ...... 5 ...... 5 . . . . .

2 1 8 3 0 2 4 5 6 6 3 2 9 7 3 5 8 3 8 4 4Q20 - - - - - ) - ) - - -

Q19

Electricenergy Transmission

million) million.

1 1 1 , , , 132 125 992 179 047 117

54 61 7 . . . . .7 . .4 . . 1 4 3 2 5 1 9 consideringthe resultsobtained 2020in ------

R$ Revenue Net Operating

2,795.1 by the Company

million

4Q19 Trading

+34.9%

– (10 (26 298 310 305 321

(4 4 22

Q20x 0 9 8 7 . . .

3,769.2 5 7 7 . . . .5 . .8 . . .2

4Q20 7 7 9 9 2 6 ------) ------) - ) ------

Solarpanels 4

Q19

(inR$ million)

9,804.5

12M19

44 44 37 37 7 7 ......

6 6 4 4 2 2 ------

+25.0%

. Consolidated

12,259.2

12M20

3 1 2 (141 , , , (26 (11 (69 (17 97 162 992 304 115 245 298 822 845 163 277 175 305 805 909 795 769 047 (4 64 46 22 11 30 54 55 30.7 4 9 3 0.6 7 3 ...... 7 2) 4) 7 0) 5 . . .5 . . .7 ...... 5 ...... 1 . . 1 1 5 2 5 0 2 2 1 5 4 0 7 4 2 4 1 1 9 3 9 2 9 2 1

) ) )

R$ an of or increase 2,454.7 (25.0%) million On a year segment transmission the of Results through of projects thegeneration sale new totaling contracts 8.2 MWp. panels: Solar the attenuated partially executed by in andtheoperations transactions increase in short Trading

Netoperating revenue Otherrevenues Unrealizedgains on trading Energyexport Insuranceclaim receivable Gainof lawsuit Servicesrendered revenue Transactionsin the Remunerationof concession financialassets Tradingcompanies Energy tradingoperations Constructionrevenue Freeconsumers Distribution Netoperating revenue Otherrevenues Unrealizedgains on Insuranceclaim receivable Servicesrendered revenue Transactionsin the short Remunerationof Tradingcompanies Energy tradingoperations Constructionrevenue Freeconsumers Distribution Netoperating revenue Otherrevenues Energyexport Insuranceclaim receivable Gainof Servicesrendered revenue Transactionsin the short Remunerationof Tradingcompanies Energy tradingoperations Constructionrevenue Freeconsumers Distribution : reduction of R$ 10.7 million (3.3%) due in large part to a negative result from the marking to market of future sales, future of market to marking the from result negative a to part large in due (3.3%) million 10.7 R$ of reduction : ”

lawsuit - and on - c c c year comparative basis, net operating revenue fromrose R$ 9,804.5 million in to2019 R$

ompanies ompanies ompanies “Operating result“Operating tradingfrom the energy segment” an increase of R$ 7.4 million (19.9%) from the sales and installation of solar panels due to the enabling ofenablingremote the to ofpanels due installationsolar sales and fromthe (19.9%) 7.4 million R$ an of increase

c c oncession oncession

short

tradingoperations

- - - termmarket termmarket termmarket

operations f f n trading and inancial inancial ENGIE Brasil Energia Energia Brasil ENGIE

a a

ssets ssets segments segments

Generation il e omne udr Oeaig eut rm h eeg transmission energy the from result “Operating under commented be will – 8 3 3 8 3 3 ( (119

163 , , , , , , Operatingrevenue by segment Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings 121 5 381 608 111 248 116 699 382 728 539 161 541 427 164 292 (1 (2 35 30 40 83 35 30 28 8 Varia 33 11 1 3 5 12M1 12M . . . .

6 1) 5) 7) ...... 1 5 0 5 6 5 6 5 4 2 5 8 5 6 7 9 2 0 1 7 0 1 4 4 7 1 7 - - - ) - - - - -

tion 20 .

9 Transmission

Electricenergy

2 2 2 2 , , , , 189 175 169 155 555 365 385 210 14 ...... 7 2 9 5 4 3 6 4 2 ------

Trading - term market. –

12M 1 1 1 1 , , , , (25 (23 (11 08 067 109 078

20x 16 23 9 7 3 . . . 1) 5 1 ...... 6 5 5 1 9 3 0 4 ------) ------) ------

12M

panels 19 Solar 12,259.2 12,259.2 million in 2020,

(inR$ million)

( ( 17 17 80 80 97 97 . .

0 0 . . . . 9 9 9 9 ------) ) ------

Consolidated

2 2 9 1 3 3 1 2 3 3 (1 (119 , , , , , , , , , , , ( (23 (11 174 248 131 116 706 397 728 155 259 116 121 552 571 608 454 210 804 078 164 292 067 365 161 541 15 54 (2 30 28 8 23 11 30 40 83 3 5 ...... 8 5 1 5) 1 7) ...... 5 8 5 6 1 7 8 5 2 0 2 2 0 4 2 0 5 0 5 6 1 3 5 7 2 5 4 1 7 3 6 4 4 ) ) ) )

Covid of onset e weaker a to principally due agreements terminated of average the than lower prices at consumers free and companies trading with agreements new by offset partially were effects These agreements. existing of Pampa Sul in June 2019 energy export agreement in 3Q20 and by the entry into commercial operations agreements, current on an annual comparative basis as well as by the electric restatementof monetary driven by mainly periods was both increases in Price higher 190.53/MWh. higher 0.2% 4Q20, in 190.87/MWh prices selling energy Average on VariationComments Net in Operating Revenue transmission energy the from result “Operating under commented be segment” will segments trading and transmission the of Results the reflection a Covid of Solar panels: revenuesin fromoperationsdecline executed,partially offset transactionsby growth in realized in the short Trading transmission systems. Transmission: decreaseR$ a of by:(v) 163.6 across in transactions million the short business and a corresponding claim and the collection of a contractual fine for downtime. R$backs; (iii) 30.5 million from the export of energy in 3Q20; (iv)and R$ 28,8 million combination of variations in energy volumes sold and the net average selling price; (i) effects: sales energy and Generation 1 R$ Segment by Change Revenue Net Operating

NOR NOR 2019 ➢ Apparent sum Apparent

1,109

8,428

9,805

million ➢ Generation and than reported : reduction of R$ 25.1 million (2 million 25.1 R$ of reduction :

and “Operating resultand “Operating tradingfrom the energy

98 170

R$ 126.5 million increase in in increase million 126.5 R$ - Net Average Selling Price Selling Net Average related errors related a errors from are result of rounding addends. In the 12 months of 2020

sales - a a decrease of R$ 17.0 million (17.4%) in the sale and installation of solar panels due 19

Price an an increase of R$ 2,385.4 million, largely due to advancing construction work on the Gralha Azul and Novo Estado

127 .

volume

and

in 2019 189.45/MWh.R$ of

- 19 pandemic

Generation and portfolio’s sale

Tax whose Sales

recovery ENGIE Brasil Energia Energia Brasil ENGIE

from the from nt f hre o rvne reached revenue, on charges of net ,

average price

of Energy of .

than , this price was

Indemnity

and and .

3%) mainly due to the negative result from marking to to marking from result negative the to due mainly 3%) portfolio: eeu from revenue

+111

other Q9 we pie sod t R$ at stood prices when 4Q19,

is is

from the Portfolio higher higher than the average for

increase of R$ 111.4 million (1.3%), mainly driven, by the following positive following the by driven, mainly (1.3%), million 111.4 R$ of increase

Export R$ 193.78/MWh, 2.3% segment”.

30 conomy following the following conomy –

Trading nry ae areet i rgltd n fe markets free and regulated in agreements sales energy

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

ST ST trading/

Transmission

CCEE

(164) - term themarket, principally CCEE.

Trading

(25) *

R$/MWh Price* Selling Net Average (ii) R$ 83.5 million non

Photovoltaicpanels Net of taxes andtaxes trading operations. of Net

190.5

4Q19 relative to indemnification

These effectswere partially attenuated

+0.2%

Transmission

2,385

190.9

4Q20 market of future sales and the and sales future of market

to to weaker demand, principally

Photovoltaic

- recurring from tax claw

panels

(17)

12M19 -

189.5 term market. for interruption to

+2.3% result ,

NOR

12M20

12,259

193.8

2,555

1,084

8,539

2020

of a a of

average (ii) average price; selling and 10.6 million R$ was R$ the reduction the (i) This millio combination theof aspects: 108.9 million. following of result In the 12 months of 2020, revenues were R$ 608.5 million, R$ 119.5 million (16.4%) l volume. million 13.7 R$ (ii) and price; selling average net the in 22.8% of in 4Q19 at R$ 245.0 million. The reduction reflects the combination of the following aspects: (i) R$ 56.0 million In 4Q20, revenue from sales to trading companies was R$ 175.3 million, R$ 69.7 million (28.4%) lower contracts than prices average lower with agreements new terminated by attenuated partially comparative was quarterly a growth On agreements. this existing of basis, restatement monetary to due mainly is periods both in prices in Increase comp consumers industr Covid recovery of the economy. This the in turn has of reflection a again is volume sales in reduction The R$ and (ii) 107.4 volume; million million 110.1 R$ (i) following: the related to is decrease This 2019. down (0.1%) million 2.7 R$ of amount an million, 3,161.4 R$ were revenues 2020, In 150 GWh (69 average MW) in energy sales volume inmillion 4Q19 to R$ 805,2 million in 4Q20.The following events contributed to this (i) variation: R$ 25.5 million sales free from to Revenue consumers fellmillion 17.0 R$ (2.1%) agreement auction the endexisting at of 2019 w Sul Pampa of operations into entry the was there addition in basis, comparative annual an On quarters. comparable between agreements gr The average prices ofenergylower salesagreements signed with Umburanas by generated energy of prices selling average compar monetary annual theto of due case largely the were in addition, basis In comparative agreements. annual prevailing of and restatement quarterly a on both prices, selling average net in increases The R$ and (ii) 99.4millionvolume; million 149.3 R$ (i) follows: as explained is increase This million. 3,292.7 3,5 R$ was revenue 2020, In 25.5 (ii) R$ and million posted in 4Q19. The variation reflects the following million effects: (i) 64.5 R$ 39.0 million R$ 4Q20, in million 909.9 R$ was distributors to sales from Revenue an of context Pampa of Sul operations at the end of 2019 June the in and regulated environment the of scope the within contracts under reimbursements of impact (MCSD Mechanism Contracting Regulated the in Environment (CC Agreement Commercializing Energy Electric pandemic consumption T 0. or (4,329 average MW) reported in 2019, a decrease of 36 GWh (16 average MW) were volumes sales 1.3%, or MW), average (61 GWh to 4Q19 in MW) volume sales Energy e erae n ae vlms s main is volumes sales in decrease he 4 any %. %. owth in sales volumes is principally the result of the lower impact of the reimbursements under the regulated environmentregulated the reimbursements under the of lowerimpact the of resultthe principally is volumes sales in owth ial clients in clients ial ➢ ➢

to to profile.free consumer . and

had to be to had

Sales Volume Sales Revenue from Sale of Electric Energy Electric of Sale from Revenue • • • hich also contributed significantly to the increase. These effects were partially attenuated by the termination of an of termination the by attenuated partially were effects These increase. the to significantly contributed also hich by

also also 9,903 GWh (4,485 average MW) in 4Q20 in MW) average (4,485 GWh 9,903 let de o soe eooy following economy slower a to due clients EAR Trading Trading Consumers Free Companies Distribution the context of of context the ) . terminating contracts to 37,889 GWh (4,313 average MW) average (4,313 GWh 37,889

) and These effects were partially attenuated by the reduced the by attenuated partially were effects These settled through the CCEE. the through settled

— n gemns elfo 1,3 Gh 456 average (4,546 GWh 10,037 from fell agreements in

increase111 (51 GWh average of in sales volume. MW)

Companies the effects of the Surplus and Deficit Compensation

ENGIE Brasil Energia Energia Brasil ENGIE 41.4 million 41.4 — — flexibility clauses clauses flexibility between compared periods. In periods. compared between

an an i

increase3.4% net of in average price. selling :

ncrease of in 3.0% the net average price.selling :

had nul oprsn te nr into entry the comparison, annual ly , :

R$ 248.7 million 248.7 R$ — u t the to due n 2019 in . an an impact on demand with corresponding decreases in consumption on the part of

Pampa Sul, Pampa a GWh average reduction 70 in (9 of MW) sales volume. energy

. However, this decrease was partially attenuated by migration from the from migration by attenuated partially was decrease this However,

; enshrined

and (ii) R$ 8.5 mil ihn h soe f the of scope the within

, against 37,925 GWh 37,925 against ,

– euto in reduction

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings , a decrease of 134 of decrease a , superior to the average for existing agreements, partially offset by offset partially agreements, existing for average the to superior

h ost f the of onset the in the agreements. As a result, all energy volumes not sold to free to sold not volumes energy all result, a As agreements. the in

(7.6%) up (7.6%)

2020 - 19 pandemic and the uncertainties surrounding the eventual the surrounding uncertainties the and pandemic 19 — —

lion lion between between quarters analysis fromcompared under R$ 822.2 a decrease of 95 GWh (43 average (43 GWh 95 of decrease a , energy, a energy

reduction of 633 GWh (79 average MW) in energy sales energy in MW) average (79 GWh633 of reduction

— – relative to fiscal year 2019, when revenues were R$ were revenues when 2019, year fiscal to relative

—

Phase I. — an an increase of 1.0% in the net average selling price.

increase of 660 GWh (71 average MW) in sales in MW) average (71 GWh 660 of increase

an an increase of 4.6% in net average selling prices;

Average Volume Sales

4,546

4Q19 ison, there was a positive impact from the from impact positive a was there ison,

ower (7.6%) more more (7.6%)

- on the R$ 3,164.1 million reported in reported million 3,164.1 R$ the on

1.3%

than than recorded in 2019 at R$ 728.0

4,485

4Q20

n — than the R$ the than

a decline decline 15.0%a net of in

12M19 MW) in energy sales sales energy in MW)

4,329 than revenue posted

— ihr non or ongoing either —

due to a decline

0.4%

a a decrease of 845.4 million million 845.4

12M20

4,313 trading

pandemic totaling agreements new the and projects generation remote of enabling the to principally due is quarters comparable over growth an On between the quarters under analysis subsidiary the through panels solar of installation and sale the from Revenue claims bookedinsurance were 4Q20 In Complex. Wind Trairi the in plants the at downtime for fine contractual a of collection the with together Plant Power an indemnity for compensation for the negative impacts arisin periodsrelated largely in 4Q19.both The involved amounts in being full booked in amount bookedthe in 2019, already million claim insurance an of million 40.0 R$ booked Company The financial resultthe for wasof 3.0 recognized2020, in R$ million 4Q20 which mi 76.3 R$ of impact an with monetarily, restated was question in amount The year. the during statements income the in incorpo estimates the of revision following a 4Q20,in wasbooked million 3.5R$ which of2020, in million 83.5 R$ of total a compensation or reimbursement, federal tax credits, restated at the basic Selic rate. In the light of this event, eithe the back, claw to right Companythe it giving appeal no is there which ruling for favorable areceived Company the2020, 18, May On 2019 million 116.0 R$R$ in to million 2020. largely reflect 121.6 in Increases the amounts questi restatement of monetary in million. 30.1 R$ of 4Q19, in booked period. The value of the GAG concession booked to the the accounts in during investments and improvements with expenditures to addition in maintenance and operation the of costs Annual the of part as also ACR, the through sold Generation Revenue energy (RAG), the companies receive a for payment known as the plants,Generation Asset Management (GA power hydroelectric Miranda and Jaguara the to Further of short “Details transactions from R$ 699.1 million in 2019 to R$ 535.5 million in 2020. 2020 of months 12 303 R$ of revenue In the curve variationmonthly in the increases IPCAsaw of constant of variation the balance of the asset and variation in the IPCA. When comparing 2019 x 2020, the reduction is largely due to the monthly curve 3 R$ to 2019 in increase of R$ 37.3 million (34.4%) assets concession financial from Remuneration Index (IPCA). Price ConsumeAmplifiedthe to according return and of rate hy internal the at remunerated are assets These plants. these of guarantee Miranda and Jaguara the by (ACR) Environment Contracting Regula the to allocated energy of portion the of flows cash future of value present the represent assets concession Financial fromexportswasRevenue energy were exports no quarters. the compared There in on the 19 market suffere reduced energy sales volume both pricingtendencies the mention isand that worthy of addition, In energy throughbuying trading companies partof the on migration to dueanalyzed principally aretheperiods between in volumes decreases The agreements. exist of restatement monetary by attenuated partially was effect this although 2020 during prices market overall in reduction reductionsPrice occurred largely due to new agreements at prices lower than those of existing or maturing agreeme ➢ 4Q20

annual basis, there was there basis, annual Solar Solar ➢ ➢ ➢ ➢ ➢ , revenue

Remuneration of Concession Financial Assets Assets Financial of Concession Remuneration Insurance Claim Receivable Claim Insurance Action Legal A Successful Rendered Services from Revenue Short in the Transactions

•

Panels the IPCA, which posted periods of deflation in 2020 albeit registering a sharp acceleration in 4Q20. In 2019, In 4Q20. in acceleration sharp a registering albeit 2020 in deflation of periods posted which IPCA, the average higher the by principally driven was increase the quarters, compared the Between 2020. in million 81.6 - term operations”. .

Export from .8 million, million, .8

cmae wi compared , transactions

s 8.2 MWp. On an annual comparative basis, the decline reflects slower commercial activities due to the dueto activities commercial slower reflects decline the basis, comparative annual an On MWp. 8.2 :

R$ 30.5 R$ million, 30.5 representing a a representing . ENGIE Brasil Energia Energia Brasil ENGIE

a fall of fall a

h 09 tee a a erae of decrease a was there 2019, th

, . On an annual comparative basis, there was an increase of R$ 5.6 million (4.8%) million 5.6 R$ of increase an was there basis, comparative annual an On in the short the in increased R$ 7.4 million (19.9%) On an annual comparison, the decrease was R$ 1.1 million (0.3%)

- R$ 17.0 million (17.4%) million 17.0 R$ term Energy Market Market term Energy – -

to the freeto profile,evidenced consumer years fiscal and 2020. by 2019 comparing

energy volumes reduction of R$ 150.2 R$ of reduction Tax Claw Back Claw Tax - term market was R$ was market term

increased from R$ 108.3 million in 4Q19 to R$ 145.6 million in million 145.6 R$ to 4Q19 in million 108.3 R$ from increased

4Q20 was R$ 30.7 million – F

rom July torom August July Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

transacted

g g from the interruption to business at the Salto Osório Hydroelectric

for 2020, an increase of R$ 28.8 million (257.1%) to the R$ 11.2 R$ the to (257.1%) million 28.8 R$ of increase an 2020, for

. from

droelectric million ( million

Additional Additional explanations are to be found under the heading 153.6 153.6

being R$ 97.9 million in 2019 to 2019 in million 97.9 R$ from R$ 37.2 million in 4Q19 to $ 6. mlin (23.4%) million 163.6 R$ . 49.4 million

7 GWh ( GWh 7 oe P Power 2020,

ENGIE Geração Solar Distribuída Solar Geração ENGIE %) , R$ 0.6 million higher (2.0%) than t , while in 4Q19 these transactions produced transactions these 4Q19 in while ,

the Company between quarters between 1 at, qiaet o 0 o te physical the of 70% to equivalent lants,

average MW).

R$ 80.9 million in 2020 in million 80.9 R$ export

n eeu fo short from revenue in

under comparison. under

R$ 44.6 million in 4Q20 some clientssome ed d the ofCovid the effects d from from R$ 382.7 million

commercialization of commercialization energy Argentina to G), to cover the

S.A. (EGSD), S.A. nts given the -

he he amount

previously 4Q20, an 4Q20,

booked llion on llion

In the In , from from , - . The . rated term on , no ,

r by the ted ing

to in .

r - . .

have R$ declined would by 94.7 million generation Company’s the of costs operational the effect, this Excluding 14.0 Law under risk hydrological of recovery (i) of note the particular of taken to respect should inbe the item variation With and panelselling EGSD. installationof at costs (iv) and trading; energy of costs the in (10.0%) million 32.2 R$ of increase an (iii) segment; the costs of in the generation energy sales portfolio and (ii) segment; an increa million in 4Q20 (5.5%) million 94.7 R$ by down were costs Operational Costs Operational grid Operationalcosts Otheroperational costs,net Hydrologicalriskrenegotiation Unrealized of Cost sellingsolar panels Royalties Insurance Fuel Personnel Transactionsin the short Materialsand third Chargesfor usethe of and Depreciationand amortization Construction costs Electricpower purchases Operationalcosts Otheroperational costs,net Hydrologicalriskrenegotiation Unrealized of Cost Royalties Insurance Fuel Person Transactionsin the short Materialsand third Chargesfor usethe of and connectionto the power grid Depreciationand amortization Construction costs Electricpower purchases Operationalcosts Otheroperational costs,net Unrealized of Cost sellingsolar panels Royalties Insurance Fuel Person Transactionsin the short Materialsand third Chargesfor usethe of and connectionto the power grid Depreciationand Construction costs Electricpower purchases

for for for nel nel

sellingsolar panels generation generation generation

losses losses losses . The following factors were in play here: (i) a decrease in 4Q20 of R$ 1,062.4 million amortization

ontrading operations ontrading operations ontrading operations

- - -

part part part y y y

- - - services services services

termmarket termmarket termmarket

connectionto the power

ENGIE Brasil Energia Energia Brasil ENGIE

52/2020, regulated by Aneel Normative Resolition 895/2020, amounting to R$ 967.7 million. 967.7 R$ to amounting 895/2020, Resolition Normative Aneel by regulated 52/2020,

(7.2%) relation toin 4Q19

Generation

–

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings 1,

, Variation

(113

062 (967 (967 ( ( (

133. 236 408 256 112 103 142 217. 396 319 225 18 12 10 4Q19 4Q20 between quarters from R$ 1,728.8 million in 4Q19 4Q19 in million 1,728.8 R$ from quarters between (5 49 26 73 32 16 32 84 65 95 28 21 74

8 7 9 7 ...... 4) 3) 3) 8) 6 . . . . .7 ...... 9 . . . . 8 0) . 1 1 4 6 3 6 7 1 0 8 1 4 1 9 5 2 5 1 0 3 4 3 7 7) 7) 6 ------)

- - -

Electricenergy

Transmission Costsby segment

and electric energy sales portfolio segment for segment portfolio sales energy electric and 987 934 987 934 (0 53 52 s 0 . e of R$ 934.2 million of e 934.2 the R$ of transmissioncosts in 1) .2 . . . 2 0 1

. . . ------

9 2 3

------

Trading –

306 352 327 320 past Q20x 24 32 10 21 14

...... an increase of R$ 1.3 milhão (3.6%) milhão 1.3 R$ of increase an

2 6 8 8 2 6 6 4 2 ------energy with theenergy renegotiationcosts

------

Q19 Solarpanels

(in R$(in million) (80.5%) (80.5%) in relation to 4Q19,

(0 ( 37 29 36 29 1 0. 7 1. 0 3 2 4. . .

0 5 8 ...... 7 3 0 6 3 3 3 4 5 6 3 . ------) - - ) ------8

------

Consolidated

to R$ 1,634.1 R$ to 1 1,

(967 (113 (967 , (94 ( ( 133. 236 714 112 110 142 217. 723 934 728 225 634 987 10 18

(0 (5 32 10 11 17 14 29 32 84 68 99 49 24 29 26 73 21 52 28 75 4Q20 4Q20 7 8 9 7 ...... 7) 5 8) 6 3) 7) 0) 7) ...... 1 ...... 7 ...... 6 6 3 1 9 3 0 2 5 5 2 6 1 1 6 6 8 0 6 7 7 0 8 9 1 3 8 3 7 9 1 4 4 2 ) )

increased million. 967.7 R$ to Excluding these effect, amounting the operational costs 895/2020, of the Company’s Resolution genera Normative Aneel by regulated 14.052/2020, Law under risk hydrological should note be particular (ii), in the item variation to respect With t operations. energy of costs in million 0.1 R$ of increase an (iv) and costs; installation and sales panel solar transmiin (15.1%) million the 14.5 in costs of million portf 2,122.8 sales energy and R$ generation the in (22.5%) of million 965.5 R$ of increase decrease a (ii) an segment; (i) factors: following the reflects variation This million. 5,653.0 million 1,142.9 R$ by exceeding million, 6,795.9 R$ reached costs operational 2020, In

Operationalcosts Otheroperational costs,net Hydrologicalrisk Unrealized of Cost sellingsolar panels Royalties Insurance Fuel Person Transactionsin the short Materialsand third Chargesfor usethe of and connectionto the power grid Depreciationand amortization Construction costs Electricpower purchases Operationalcosts Otheroperational costs,net Unrealized of Cost sellingsolar panels Royalties Insurance Fuel Person Transactionsin the short Materialsand third Chargesfor usethe of and connectionto the power grid Depreciationand amortization Construction costs Electricpower purchases Operationalcosts Otheroperational costs,net Hydrologicalriskrenegotiation Unrealized of Cost sellingsolar panels Royalties Insurance Fuel Personnel Transactionsin the short Materialsand third Chargesfor usethe of and connectionto the power grid Depreciationand amortization Construction costs Electricpower purchases for for for nel nel

generation generation generation R$

losses losses losses 2.2

million ( million renegotiation

ontrading operations ontrading operations ontrading operations

- - -

part part part y y y

- - - services services services

termmarket termmarket termmarket 0.1

%) relation to 2019 in

ENGIE Brasil Energia Energia Brasil ENGIE

Generation –

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings Varia 12M19 12M20 1 3 1 4 (967 (965 (967 (117 , , , , (47 (82 513 844 204 273 303 339 560 893 131 173 254 421 277 561 328 478 294 69 84 89 18 23 31 18 61 46 49 51 65 tion ...... taken of the of recovery of taken 7) 5) 7) 1) 5) 6) ...... 7 3 4 5 0 1 5 5 3 3 8 3 4 1 8 7 6 5 1 6 6 0 7 0 6 5 6 9 1

Costsby segment ------

Electricenergy

Transmission tion and

2 2 2 2 , , , , 151 151 274 274 122 123 electric electric energy sales portfolio segment would have (0 0 . 2) ...... 3 5 2 3 3 8 0 ------

–

12M Trading

past 20x 1 1 1 1 , , , , (22 090 111 068 111 35 21 14

olio segment; (iii) reduction of R$ of reduction (iii) segment; olio 12M energy costs with renegotiation of with renegotiation energy costs

7 0 0 6 (20.2%) . 2) ...... 9 3 1 7 6 2 7 5 5 3 4 ------

(inR$ million) panels Solar

the costs of 2019 of R$ of 2019 of costs the

(14 (16 (2 (0 (1 81 54 18 96 70 10 16 0 0 8 1 2 . . . . .

5) 4) 1) 1) 1) ...... 1 5 7 4 0 4 8 3 0 8 1 1 ------

Consolidated

2 6 2 2 1 2 5 (967 (116 (104 (967 , , , , , , , (16 (47 131 173 264 427 293 513 844 151 204 281 310 357 560 893 142 123 653 652 795 274 547 rading 19 21 23 31 16 64 46 49 50 14 70 65 70 35 54 84 89 ssion ...... 7) 4) 1) 9) 8) 7) ...... 9 7 4 1 7 0 6 4 2 2 8 6 6 0 8 7 7 7 4 3 1 9 4 5 0 1 5 8 7 3 8 9 0 0 0 9 3 2

Q0 oprd o Q9 Tee fet wr prily teutd y eutos n xess ih eia aceiain and accreditation medical with expenses in reductions by attenuated re partially were effects These 4Q19. to compared 4Q20 higher were payouts bonus and results the in participation for provisions addition, In adjustments. remuneration staff annual hiring new of mainly results 2019, with 2020 comparing (7.4%) » these operations on toand variations be under are found item the specific by R$ 113.0 million (50.1%). On a full 2019 x 2020 year comparison, costs were R$ 117.5 million lower » (27.9%). More explanati 6.1 (R$ million19 in 2020). there was an increase in costs with replacement materials and consumption, mainly related to the activities of prevention to Umburanas and Sul Pampa of operations into entry the with in 4Q20 million increases during increases The comparison. year 2020 x 2019 full a on (22.2%) million 61.7 R$ and » generated from the into entry commercial ofPampa andoperations Umburanas Sul tariffs. distribution and transmission in readjustment (9.1%) » Lacerda Thermoelectric Umburanas annual comparison, there was an increase of R$ 49.5 million (5.9%), o » Company’s the with of a resources optimizing view to energy allocation the as economy weakening a to due volume pandemic purchase took hold. in reduction a was there analysis, under quarters compared Between already Sales under as Volume.cited that the PLD is used as a parameter for setting the The decrease in average purchase price was largely a reflection of the reduction volumes. 7.6% in the net average price million 119.0 of R$ energy (i) purchases;events: following and the (ii) of R$function a 3 operations, these in (5.3%) million 82.6 R$ of reduction a million 0.4 R$ (ii) million 11.9 R$ (i) follows: as management portfolio energy for » Com This

imbursement of imbursement medical plan and health expenses.

➢ variations were essentiallyvariations were the behavior duethe to of main below components

ments on Variationsments Costs Operational in

between between the quarters Generation fromGeneration and Energy Sales the Portfolio

in R$ Change Costs Operational –

Costs 12M19 Costs generator complex operational and maintenance contracts (R$ 11.7 (R$ contracts maintenance and operational complex generator

million Phase I into commercial operations commercial into I Phase , when compared to the 4Q19 the when to , compared

152

5,653

4,294 —

1,111

On a reduction of 2 GWh (1 average MW) in MW) average (1 GWh 2 of reduction a

Generation Generation and portfolio’s sale an increase of R$ 9.1 million (13.9%) in 4Q20 compared to the same quarter in 2019 and R$ 18.8 million million 18.8 R$ and 2019 in quarter same the to compared 4Q20 in (13.9%) million 9.1 R$ of increase an

an annual comparison basis Power

and years between between 4Q19 and 4Q20, there

Transmission ENGIE Brasil Energia Energia Brasil ENGIE Plant Plant and the postponement of the re next

2,123

under analysis,

reduction of R$ 18.3 million (7.8%) between compared quarters. On the basis of an of basis the On quarters. compared between (7.8%) million 18.3 R$ of reduction

) increase of R$ 7.8 million (8.2%) in (8.2%) million 7.8 R$ of increase . Additionally, Additionally, . b , short

Trading attenuated , the increased purchase volume is mainly the result of the strategic allocation Additionally, o Additionally,

- respectively. term price –

Transmission

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings between between the quarters under analysis

etween 2019 and 2020, maintenance costs involving new contracts costsnew involving maintenance and 2020, 2019 etween

– was a reduction of R$ 12.3 million (3.0%) in the purchase operations purchase volume. On an annualized comparison basis, there was there basis, annualizedcomparison an On volume. purchase Jorge the on revisions programmed life of useful the of end the of 6.4 million Phase I, were R$ 48.4 milli 48.4 R$ were I, Phase , —

Generation Generation and

portfolio’s sale portfolio’s especially especially , as well as the

and price; purchase energy average net in 2.9% of decrease n a full 2019 x 2020 year comparison year 2020 x 2019 full a n These increases

(966) f which R$ 65.5 million reflects the entry of Pampa Sul and increase as well rainfall as as lower

— vision, vision, originally scheduled for the halfsecond of 2020 .

in Pampa in

Trading an additional 212 GWh (24 average MW) in purchase s

in economic downturn in the wake of the pandemic

4Q20 compared with the same quarter in 2019in quarter same the with compared 4Q20 of R$ 8.9 million (6 million 8.9 R$ of million in 2020 in million

: the Differences Settlement Price (PLD

ENGIE Solar –

are Sul and Umburanas and Sul Phase I.

(15)

ENGIESolar largely a consequence on. both both

Finally, in the annual comparison, annual the in Finally,

, costs with these transactions fell for the periodfor , compared to 2019 to compared , periods are largely are periods

Costs 12M20 Costs 7%)

6,796 1,112

2,274

3,329

and of R$ 46.6 million 46.6 R$ of and , –

R$ 19.0 million was million 19.0 R$ Phase I Phase .

from —

the result of result the of decrease

and R$ 6.4 R$ and plants,

the annual ), Covid

given

and ons

in - .

market. were par effects and 2019; and (ii) R$ 14.4 million due to a reduction in gross result from executed energy purchase and sales transactions. T market to 41.7 million in 4Q20. This reduction was driven by the following events: (i) R$ 37.3 million due to the negative impact from result gross The corresponding flexibility the to and obtainmanage contracts resultsfrom market variations.price defi risk limits. Energy trading operations are transacted in an active market and for accounting purposes, these transactions mee Com The Result ofTradingthe Energy Operational Segment Additionally, System. Transmission Azul Gralha the the 2020, Companybooked In of net gain for a efficiency in the transmission implementation of infrastructureof million 35.2 R$ work construction on made progress and revenue fromremuneration Estado Novo on work qua same the t relation in 4Q20, in million 183.7 R$ of increase an recorded segment transmission energy the from profit operational Gross into in the cost of the res course of the implementation of the transmission infrastructure for an amount corresponding to the construction costs plus a be and risks the to exposed is and 2020 March in S.A. Energia de Transmissora Estado Novo in shares the of 100% of acquisition concession Gralha transmission the to pertaining infrastructure the of installation and construction the for responsibility primary has Company The ResultTransmission fromtheEnergy Operational Segment f activities On a full 2019 x 2020 year comparison, the decrease of R$ 14.5 million (15.1%) was mainly due to the deceleration in commerci sourced materials R$ and services of 3.3 On a comparison quaterly basis there was a growth of R$ 1.3 (3.6%), million largely due to the increase in expenditures with legislatio the in for called as 2020 by the other the Approval of members is expectedconsortia in 2021 of close the at members Machadinh consortia theand all Itá by the given for been concession not the had approval of since extension consortia to right the of effect the booked not has it that clarifies Company the costs energy of “Recovery item y th seven to up of for term concession extended an operations to right the have generators into the compensation, As importation. and entry merit of order the on restrictions the and guarantee physical tran the of anticipation the to rrelating and elements, plants the hydroelectrito granted be compensation to for provideslegislation The895/2020. Normative Resolution Aneel by regulated of the » annual the by attenuated partially quarters, between to the betweenrelation comparison quarters. plants hydroelectric the for (35.8%), million 47.1 R$ of decrease a at was there comparison, year 2020 x 2019 generation full a On readjustment. lower to largely due quarters » annual comparison, in the increase in insurance premium for the Jorge Lacerda Theromoelectric Plant, as year2020 comparison, mainly to thethe ofdue increase on premium the renewal of operational risks policy in 2020 b June and » periods of reflection year a 2020 x 2019 full a On coal. coal supplies of R$ 75.4 million, partially offset by proprietary the positive effect of consumption in million 34.6 R$ comparison, there was of an increase increase of R$ 31.1 the million (18.0%) by between 2019 and attenuated 2020, driven partially was arising million 45.2 R$ of effect » ears. Given this, an intangible asset was recognized, corresponding to the right of extension of the concession offset agains

nefits of these constructions. Consequently, based on prevailing accounting practices, the Company books revenue over the over revenue books Company the practices, accounting prevailing on based Consequently, constructions. these of nefits idual margin to cover the costs related to construction management.Expenditures incurred in the construction recognizedare nition of financial instruments at fair value, since there is no commitment to match buying and selling operations. There is smission installations necessary for the transportation of the offtake of energy and, retroactively, for generation outside generation for retroactively, and, energy of offtake the of transportation the for necessary installations smission commercial operations. Thus, commercial resourcesonly generatedthe operational arefrom then from received activity onwards. ➢

plants with electric energy generation concessions to the renegotiation of the hydrological risk under Law 14.052/2020 and

participants participants in the Risk Reallocation Mechanism (MRE) for the effects caused by the generators denominated the structural .

Solar Solar pany operates in the energy trading market, obtaining results through the variation in prices and within pre within and prices in variation the through results obtaining market, trading energy the in operates pany o — llowing the outbreako

difference between contracted and market prices prices market and contracted between difference rter 2019, and of R$ 262.6 million on a full 2019 x 2020 year comparison, due principally to the initial construction initial the to principally due comparison, year 2020 x 2019 full a on million 262.6 R$ of and 2019, rter

the greater volumes of energy generated by the Company’s thermoelectric power plants between comparative between plants power thermoelectric Company’s the by generated energy of volumes greater the tially attenuated by an of inincrease 8.8 the R$ million transactions result for conducted in the short Panels transmission between the quarters under analysis fell R$ 42.9 million from a profit of R$ 1.2 million in 4Q19 to a loss of R$ of loss a to 4Q19 in million 1.2 R$ of profit a from million 42.9 R$ fell analysis under quarters the between increase of R$ 7.1 million (33.3%) in the compared quarte compared the in (33.3%) million 7.1 R$ of increase R$ 13 –

work on the installation of which began in the second half of 2018 of half second the in began which of installation the on work transmission infrastructurewas also by the variationimpacted in IPCA. . 4 mil

infrastructure. The Annual Allowed Revenue (RAP) is received once the transmission system goes ENGIE Brasil Energia Energia Brasil ENGIE

from a a from – decrease of R$ 10.6 million (12.6%) comparing 4Q19 and 4Q20, due principally to the positive the to principally due 4Q20, and 4Q19 comparing (12.6%) million 10.6 R$ of decrease f thef Covid

lion reflects the entry the reflects entry lion into com Renegotiation of hydrological risk” in the income statement for R$ 967.7 million. Additional million. 967.7 R$ for statement income the in risk” hydrological of Renegotiation revaluation million (76.7%),million offset reductionpartially by a in payrollcosts of (69.2%). 1.8 R$ million -

19 outbreak 19

on on December 15, 2020, the Company’s Management approved the adherence by Aneel regarding the excess quant excess the regarding Aneel by – .

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings — m

ercial ofercial Pampa andoperations Umburanas Sul

of net contracted operations pending on December 31, 2020 31, December on pending operations contracted net of

. mentioned mentioned above

reduction of R$ 5.8 mil

rs and R$ 23.4 million (35.7%) on a full 2019 x x 2019 full a on (35.7%) million 23.4 R$ and rs

a a result of a reevaluation of risks. . Additional proprietary coal consumption is ity of coal in previous years previous in coal of ity

largely largely by the increase in proprietary -

and Novo Estado, as from the from as Estado, Novo and

lion lion (17.8%) in the compared

the same reason in reason same the – -

- Additionally, Phase I term energy . This effect This . established marking

gross

hese . t the Azul t the thus . out

the ly, n. al o o e c y -

respectively. The following table shows the average PLD amounts for Aneel those submarkets in which 2019, the Company operates December (in MWh) In generation hydroelectric greater (v) and CCEE; the attenuated followingwere by (iv) factors: increase impact of the financial o effect stemming from the difference of prices between the North/Northeast and Southeast/Central 2020 in volatility greater presented in generation (GSF) Factor Adjustment This reduction is basically a reflection of the combination of the following events: (i) an increase in the negative impact o energy transactions. of trading reduction million result of 46.1 transactions in the generation R$ and energy salesa 2019, in million 278.5 R$ of result positive also the to relation in million 37.2 R$ of decrease 12 the For short of P combinati the by attenuated partially were Southeast/Central reflectiona of reduced hydro generation in 4 the to Adjustment (GSF) Factor Mechanism’s (MRE) due basically was variation This transactions. sales and energy the generation in a those conducted across the CCEE In 4Q20 order of (vi) merit; plants and naturally, (aor exposure short long position in the accounting)monthly P and settledat the Aversion Curve (CAR); (v) smalleror (Secondary Energy) thanthe allocated energy;(iii) from the so Mechanism (MRE); (ii) from the Reallocatio Generation ScalingEnergy Factor the of application the from (i) example, for arising, expenses or revenues are elements these Generically, expense or income an to either being allocation of spite in natureaccording the account credit debit to billing of or involved elements principal the of fluctuations the analyze to us analyzed being periods the for billing each comprising elements changes have been taking place in the profile of the mentioned billings. Such fluctuations complicate the direct comparison o to due that out pointing worth is it context, this In item. expense o income an either to entry an requires therefore This payable. a or receivable a as billing single a in summarized are agent various CCEE,the the through conducted transactions the to relation In are settled atpositions the PLD, tosimilar thus, the short seasonal and volatile their short therefore, nature, given CCEE, the through conducted transactions the includes also item This (PLD). Differences of CCEE.Consequently, on the exposure Short of Short Details partiall was effect This million. 45.2 thetransactions of in short R$ of market to marking of effect negative (i) by: 11.1 compensated R$ from positive million effect transactions; theexecuted and (ii) R$ million reflecting 8.9 the po to due largely 2020, in million 27.6 R$ a to 2019 in million2.4 R$ loss of from a million 25.2 R$ of reductionareported result gross the annualized basis, an On ower ower Average decrease of R$ 28.4 million between compared periodscomparedbetween million 28.4 R$ ofdecrease Nor Southeast S outh - term operations are classified as energy purchase or sale operations, the principal objective being the management of management the being objective principal the operations, sale or purchase energy as classified are operations term theast P -

term operations and theposi long lant

and in 4Q19, - PLD month period of 2020, the net result net the 2020, of period month

between between the periods analyzed /Center

the periods the in -

West submarkets; and (iii) MRE expenses, in the light of lower hydroelectric generation in 4Q20. These factors R$/MWh - - West Term Operations net net results dispatch of the Jorge Lacerda thermoelectric Lacerda Jorge the of dispatch - term, of the r the of term, .

under review under

the application of System Serv - —

term energy market

tpltd aiu ad iiu PD iis o 22 a R 597/W ad $ 39.68/MWh, R$ and 559.75/MWh R$ at 2020 for limits PLD minimum and maximum stipulated

led ddce fr h efcs f renegotiation of effects the for deducted already ENGIE Brasil Energia Energia Brasil ENGIE

(difference between r — ; (ii) MRE expenses given the lower hydroele lower the given expenses MRE (ii) ; from the from

esults originating from accounting movement in the CCEE. the in movement accounting from originating esults

4 were were positive at R$ 50.4 million 229 352 352 , Q the price of these operations is characterized by the linkage with the Price for Settlement for Price with the by the linkage these is characterized of operations price the partially attenuated by the PLD variation curve between the years under analysis, which analysis,under years the between curve variation PLD the by attenuated partially 20 . . . tion with CCEEtion with the 4Q20,due to in the increase average PLD periods. in between 88 94 94

olwn fcos () n nrae n h ngtv ipc o te ik Reallocation Risk the of impact negative the in increase an (i) factors: following on of the following events: (iv) greater greater (iv) events: following the of on

due due to the smaller hydroelectric generation

Q20; (ii) decrease portfolio segment and an increase of R$ 8.8 million in the result from energy tradingfrom energy result the in million8.8 R$ ofincrease an and portfolio segment

— .

already for deducted renegotiation the effectsof the ofhydrological turn risk,in

272 272 272 4 , arising from short from arising , Q 19 . . . evenues evenues and costs 82 82 82 from the – ice Charges (ESS), resulting in dispatch which diverges from the thermal -

term operations described above.

(GSF) Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

to relate. they which

, bein ,

arising Avg , triggered when generation of plants, part of the MRE, is greater -

adjustments in the Company’s portfolio management strategy, management portfolio Company’s the in adjustments portfolio segment and an increase of R$ 8.9 million i (15 the reason for including this specific topic. The strategy allowsstrategy The topic. specific this including for reason the 29 29 transactionsresultfrom the inmillion 37.2 R$ ofreduction ag . 4

power . . . 7%) 4% 4% Q from

- and and R$ 78.8 million, respectively. The amount represents term transactions, term

monthly credit or debit entries to the account of a Board a of account the to entries debit or credit monthly (%)

called “submarket (iv) risk”; dispatch driven by the Risk —

difference of prices between the North/Northeast and plant between the between plant

less tax) from short

f short f

f h hdooia rs, u t rdcd hydro reduced to due risk, hydrological the of 134 177 184 12M20 ctric generation in 2020; and (iii) the negative the (iii) and 2020; in generation ctric dispatch from Jorge Lacerda Jorge from dispatch - term and the long operations in position . . . ; and (v) an increase in the financial impact 42 00 42

was positive at R$ 241.3 million 241.3 R$ at positive was

analyzed analyzed 166 227 227 12M19 -

West submarkets. These events - Additionally, the long and short and long the Additionally, term transactions

. . . 73 10 10

periods due to the lower lower the to due periods

Avg (19 (22 (18 . 12M (%). . . . T 4%) 1%) 8%) hermoelectric — sitive result n n the result

especially f the MRE LD.

loss ofloss in the in

f the

r anr , a , n s y .

Petrobras held.the which Consequently, still Company now directa enjoys 32.5% TAG. corporate stake in On July 20, 2020, thedate, Companyholdsthis corporate 29.25% a direct TAG. stake in in control from andas corporate Aliança incorporated TAG 2019, 2, September On 90%TAG. in stake corporate indirect 29.25% a therefore and a Aliança, acquired (Aliança) S.A. Gás de Transportadora Aliança Transportadora Associada de Gás controlled S.A. (TAG). jointly the 2019, 13, June On IncomEquity Company o impact future or actual any significant have not will decommissioning eventual plant’s the Consequently, periods. short for MWm 32 of guarantee largely a reflection o the of investments” of acquisition the Company’s the with line in 2021, Jorge the to relating million 58.0 R$ (i) assets: following Thermoelectric the Lacerda for impairment of million 98.8 R$ booked Company the 4Q20, In AssetImpairmentfor Provisioning loss of the earnings due to the number of days delay in delivering the work and a set daily amount. This amount was calculated to compensate the Company for The work. the concluding in with contractual conditions on the part of the supplier responsible for the construction of other of 3Q19, in bookin the by explained largely is variation This million. 320.4 R$ of net revenues, operating other booked Company the 2019, between On an annual comparison basis, of1.4 R$ million expenses in R$4Q19 4.6 and million 4Q20. in under quarters the In Operating Other million in 0.4 other segments in the which Companyoperates reduction attenuated partially were effects These mentioned. already as services IT general of acquisition of area the in particularly effects: (i.i) R$ R$ 24.6 million (10.1%) of the generation and energy sales in million 253.2 R$ from and 2020, 2019 between million 24.2 R$ rose (9.6%) selling, basis,andexpenses administrative general annualized On an 2019. in reduction contingencies, civil for million 5.1 R$ of provisioning decreased the by ameliorated degree a materials of acquisition the and processes expenses increases: following the R$ of growth in million 87.0 R$ to 4Q19 in million 77.4 R$ from increasing expenses administrative and general Selling, General AdministrativeExpenses and Selling, possibility 2019

. note particular of which of , of in the booking of R$ 10.2 million in provisions for civil contingencies in 2019. in contingencies civil for provisions in million 10.2 R$ of booking the in

R$ 0. 10. and 2020, and 28.6 million in payroll expenses; and (i.ii) R$ 8.8 million in expenses with outsourced materials and services, more 1 1 ( million of nonof e 5 non t he he Company

2019 to R$ 277.4 million in 2020. This increase was due to a combination of the following: (i) an increase of increase an (i) following: the of combination a to due was increase This 2020. in million 277.4 R$ to 2019 million inmillion the segments other in the which Company f the amounts mentioned above –

- recurring (Expenses) Gas Transportation

analysis, this account registered a net expense with an increase of R$ 3.2 million (228.6%), being net being (228.6%), million 3.2 R$ of increase an with expense net a registered account this analysis, - and a Unit Variable Cost (UVC) of R$ 270.48, and for this reason the plant is dispatched on demand and demand on dispatched is plant the reason this for and 270.48, R$ of (UVC) Cost Variable Unit a and recovering of these values theserecoveringof Power Plant Power (i.i) R$ 13.4 million in payroll expenses; and (i.ii) R$ 3.1 million in outsourced materials and services and materials outsourced in million 3.1 R$ (i.ii) and expenses; payroll in million 13.4 R$ (i.i) in 2020 in 13.6 value received is stipulated in contract and was calculated on the basis of the product between the between product the of basis the on calculated was and contract in stipulated is received value

ENGIE Brasil Energia Energia Brasil ENGIE

%) %) delay in delivering thedelay work and “Goodwill from future expected profitability”, originating from the acquisition of EGSD, in viewin EGSD, of acquisition the from originatingprofitability”, expected future from “Goodwill and

ope acquired from other net operating revenues (expenses) reported , the Company booking other operating expenses, net in the amount of R$ 4.7 million, while in while million, 4.7 R$ of amount the in net expenses, operating other booking Company the , decarbonization from rating revenues totaling R$ 321.0 million from indemnifications received for non for received indemnifications from million 321.0 R$ totaling revenues rating

, units 1 and 2, due to the to due 2, and 1 units ,

was Revenues

the

the acquisition of general general of acquisition the related to to related generation generation and

Petrobras The Company had a 32.5% direct corporate stake in the jointly contr eodd n nraeo R 9.6 R$ of increase an recorded

strategy; and (ii) R$ 40.8 million relating to the amounts of the “ the of amounts the to relating million 40.8 R$ (ii) and strategy; . When comparing the two fiscal years there was a variation of R$ 93.9 million,R$ ofwas variation a there fiscalyearstwo the comparingWhen. .

, Net , It It is worth underscoring that Jorge Lacerda’s units 1 and 2 have a net physical preventive

– an additional shareholding participation in TAG of 3.25% of the total 10%

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings energy energy

from the Company’s .

4Q20, the reflection of the of reflection the 4Q20,

possibility measures during the during measures

sales IT

services services operates. from the Company’s to deactivate these units and scheduled for December for scheduled and units these deactivate to

portfolio segment, mainly driven by the following with line in million million

a negative

Covid

Pampa Sul, principally related to the delay Additionally, there was a reduction of R$ ofreduction a was there Additionally, (12.4

combination of the following items: following the of combination - the Company the 19

) n h qatr udr analysis under quarters the in %) portfolio

effect effect of R$

pandemic. These effects were to were effects These pandemic.

segment

In addition, there was a was there addition, In ’s policy ’s 325.1

, driven largely driven, by largely

million million Mais valia Mais olled company, of digitizing of - compliance compliance (101.5%)

by a a by n the n from

its (i) g ,

inhigher TAG was stake 32.5%, than the previous 29.25% in to the of period acquisition the additional stake. income result for 2019 covers just 6 months’ result. Again, for a large part of the second half of 2020, the equit TAG’s value since limited of isand 2020 2019 forresult income equity the impacting the effects between comparison The equityresult income at The TAG 2020 for the same between quarters review two under of years the partiall albeit debt, expenses. denominated amortization currency on dollar stronger the of effect the by attenuated the reduction in theCDIbetween years under (iv) analysis; and an 15.6increase R$ of m to due million, 35.0 R$ of expenses financial pre higher a to due mainly Contribution Social and Tax Income tariffs transportation of restating the 4Q20. theThe R$ reflects combination the variation in (i) due followingfactors:l of million Ebitda 140.3 growth in million Between 4Q20 and 4Q19, the equity income result increased by R$ 33.5 million (38.6%) from R$ 86.8 million in 4Q19 to R$ the show followingtable We for TAG’s reconciling net income Ebitda its with T acquisition project he equityresult income forhe TAG the quarters i under analysis in DRE Ebitda DRE Impact on EBE’s equity income TAG’snet income Incometax and social contribution Income before taxes Financial result Income before financial resultand taxes General and Gross income Costsof servicesprovided Net operationalrevenue TAG Aliança’s net loss Incometax and social contribution Loss before taxes Financial result Loss before financial resultand taxes General andadministrative expenses Aliança(32 Ebitda Amortizationof Depreciationand amortization Incomebefore financial result and taxes Equityincome TAG Incometaxand social contribution Incomebefore taxes Financialresult Incomebefore financial result and taxes Generaland administrative expenses Grossincome Costsof servicesprovided Netoperational revenue TAG O Development expenses for the TAG Amortiza thers

– – ’s ’s

em R$milhões in –

netincome

in R$mil tion .

5%) R$mil administrativeexpenses

lion mais mais –

lion TAG

valia valia

It should be noted here that part of the variations occurred because of the change in corporate stake corporate in change the of because occurred variations the of part that here noted be should It

ENGIE Brasil Energia Energia Brasil ENGIE

and exchange variation on one of the transport contracts transport the of one on variation exchange and

and 2019 consists of the and 2019 the following itemsconsists of

(2 (1

12M20 1 2 3 3 6 (580 (140 , , 243 445 , , , , , 594 175 620 760 003

. . . . 5) 8) 0) 1) . . . . .

4 2 2 3 8 ------100% 4

1 1 Q

, , 226 158 408 023

–

07/ .

(29 . . . . 01 Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings 4 5 2 3 (1 19

/ 1 1 1 3

. (129 (714 01 , 25%) 211 , , , , /2020 (80 957 087 801 882 094

- to tax profit and booking of of booking and profit tax ncorporates the followingitems 100% 4 . . . . 2) 7) 5) 7) . . . . . Q 1

9 1 8 3 0 ------

, 2020

19 227 147 710 085

12/

. . . . 07/

(1 (32 3 1 8 2

1 1 1 2 31 (451 (730 , 031 , , , , 20 (59 . 636 088 818 878 909 100% 5%) / 2020 1 1 1 (268 (384 (573 : , , , to . . . . (35 120 370 639 023 058 631 6) 3) 6) 8) . . . . . 5 1 4 0 8

------

. . . .

9) 2) 4) 1) ......

3 2 1 3 7 8

Company’s :

Q share

20 1 1 1 (184 (446 (689 Company’s , , , (42 487 671 487 118 161 850

share past . . . . 6) 3) 9) 7) ...... 1 6 1 0 0 7 ------

(124 (186

(87 (11 120 207 332 344 530

; (ii) increase of increase (ii) ;

tax : 12M19 . . . . (1

4) 9) 5) 2) . . . . .

3 7 6 1 3 2 2 3 3 5 (772 (597 (206 (588 (651 (326 (325 (137 (178 (325 ,

credits

506 , , , , , 111 884 482 688 194

(9 62

...... 9) 9) 1) 1) 9) 7) 3) 4) 2) 5) 7) 4) ...... 5 4 3 4 5 8

illion,in and depreciation 100% Company’s shareholding

1 (106 (307 (547

; (iii) an increase in net in increase an (iii) ; , 12/ (67 296 403 710 778 325

(29 06/ 86 (1 31 1 1, 1 2

. . . . (301 (546 (133

, . 8) 3) 7) 4) 13 ...... 002 , , , 25%) 2019 8 7 5 8 5 9 931 233 779 913 915 /2020 R$ 56.2 million million 56.2 R$

. . . . Q 6) 6) 7) 1) . . . . .

7 3 9 6 7

------19 Company’s

Company’s argely argely to share (160 (31 (89 (19 118 207 227 387

120.3 86 (159 (293 (191 (211 (106 (105 (105 (88 (39 (44 (58 . . . . 272 360 520 559 852 2) 9) 8) 1) . . . . . (3 81 20 8 0 9 7 8 in

y y ...... 2) 9) 1) 1) 4) 8) 0) 8) 0) 7) 1) 8) ......

1 5 7 6 7 8 4

Ebitda and Ebitda and Ebitda Margin principal asset TAG’s and liability groups as Sheet Balance the show followingtable We for TAG’s reconciling net income Ebitda its with Total Shareholders' Other Unrealizedlo Loans, Non Othercurrent liabilities Unrealizedlo Loans, Current LIABILITIESANS Total Intang Property, Other Unrealizedgains onhedging transactions Restricteddeposits Non Othercurrent assets Unrealizedgains onhedging transactions Cashand cashequivalents Current ASSETS B alanceSheet Ebitda EbitdaMa Ebitda Depreciationand Income(loss) before financial results and taxes EbitdaMargin Ebitda Depreciationand amortization Income(loss) before financial results and taxes EbitdaMargin Ebitda Depreciationand amortization Income(loss) before financial results and taxes

Ebitda Amortizationof Depreciationand amortization Income(loss) before financial resultsand taxes - - c c

non ible non urrent urrent

financingand debentures financingand

l a

iabilities

- - ssets – current current lantand

in rgin

sses sses l a iabilities

ssets R$ mil

quity

liabilities onhedging transactions onhedging transactions assets mais SHAREHOLDERS'EQUITY

amortization e

quipment deb

lion

valia

e ntures

ENGIE Brasil Energia Energia Brasil ENGIE

Generation

December 31, followsand 2019 were 2020 as

38 1, 2 1, . 51 90 , 6 ( 790 809 242 980 223. 222 012 789 19

p.p . . 5% 1% .4) . .8 . . . . . 4 5 0 1 5 9 8 .

–

Electricenergy

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings Transmission

Variation

4 4 12M20 Q19 Q20 100% Ebitdaby segment TAG 5 3 2 , , . 906.5 628.0 154 620 13 16

5 183 183 191 191

p.p. . .

8% 3% 8 8 . .

7 2 ...... 2 2 5 5 7 7

- - -

12/

( Aliança 13 Trading 31 : 100%

(13 . (146 (325 37 29 35 / 37 22 27 9 2020 ( ( (42 (42 2 3 1 2 6 3 3 3 178

43 43 0 p.p.) . , , , , , , , , , , , , , , 7%) . 12M19 879 184 202 659 436 879 910 519 078 326 298 719 523 765 220 927 648 250 874 2 0 0

...... 29 18 0 0 % 5) 5) . . 7) 4)

5 5 –

7 ) - ) - - -

......

4 8 9 1 6 5 6 6 8 2 1 1 3 0 0 9 1 3 4 8 0 3

Q20x

100% panels 4 3 TAG 16 Solar , , 295.3 665.2 442 482 12/ ( . 13

7 3 4 .2%) (1. (1. 31 : Q19R$(in million)

p.p .

. .

5% 7 7 0. 6 0. 5 8 3

2 5 . . . .

36 30 34 / 36 21 24 2 2 3 0 3 7 2019 - ) ) . 2 1 1 1 9 2 2 2

, , , , , , , , , , , , , ,

662 616 830 340 662 250 037 427 498 715 491 832 828 786 341 797

28 transportation

...... 5 6 0 9 5 8 0 3 3 4 0 6 5 1 2 8 4 - - - -

Gas

120 120 33 33 86 86

. . . . .3 .3 5 5 8 8

------

Consolidated 13

1, 1, 2 2 . 47 60 , , 6 ( 971 990 242 223.4 317 074 288 065 19

p.p . . 1% 7% .4) . . .8 . . . . 3 7 1 3 4 0

. 28

EGSD, subsidiary operating with lowerthanthe margins remaining operations the realized Companyby revenue of booking energy of effects the by reduced partially is margin Ebitda consolidated the that here noted be should It the 102 non Excluding consolidated Ebitda The margin increase posted an of 13,6 p.p.from 47.1% 4Q19 to in in 60.7% 4Q20. Consolida under quarters analysis. (6.4%)million between 4Q19 and 4Q20. The Ebitda margin in 4Q20 would have been 51.2%, a decrease of 0.3 p.p. between the non Excluding T Ebitda Generation Margin revenue remuneration and restatementonmonetary Jaguara and Miranda hydroelectric reve other million 9.1 in costs of outsourced R$ materials and services; (viii) R$ 7.1 million due (v) to increased insurance premiums; and (ix) R$ 2.2 mil expenses; administrative and general selling, in increase increase in million payroll over 10.1 R$ (iv) 4Q19; in booked and claims net average short the in the conse (6.4%), million 78.5 R$ of decrease a posted have would segment this for Ebitda analysis, under quarters the between comparison the the Excluding negative of 98.8 effect R$ the in asset million impairment. of recovery the energy costs to following the relative renegotiation of million hydrological risk; and 967.7 (ii) R$ of increase an (i) to: events booked in 4Q20, in non by affected been having above, (i) item in indicated sales energy electric and generation Company’s the is segment business principal The from originating million execute transactions 5.7 R$ and market to marking of effects segment trading the from the by counterbalanced were s the from controlled (600.0%) jointly the in stake corporatethe from result improved the to due (38.6%) million 33.5 R$ (ii) 183.2 fromthemillion energy transmission (iii) R$ segment; sales energy electric and effects positive following the of combination a of result the is variation The 4Q20. in million 2,288.4 R$ to 4Q19 in million 1,317.1 R$ from (73.7%) Ebitda 4Q19, and 4Q20 Between he he Ebitda margin for the generation segment reported an increase of 38.6 p.p.,increasing from 51.5% in 4Q19 to 90.1% in 4Q20.

quarters .4 million ( us css n oeainl xess Tee fet wr prily fst y h got o () $ 73 ilo of million 37.3 R$ (x) of growth the by offset partially were effects These expenses. operational and costs nues, tedEbitda Margin - term market; (ii) R$ 22.2 million 22.2 R$ (ii) market; term

under analysis. selling price selling se effects, Ebitda for this segment in 4Q20 would have decreased from R$ 2,012.9 million to R$ 1,144.0 million. In 1,144.0R$ million. to million2,012.9 R$ from decreased would have 4Q20 in segment this for Ebitdaeffects, se 7 - - recuring effects mentioned above, booked in the above,booked recuring in 4Q20, effects mentioned .8 recurring : (i) R$ 790.4 million (64.7%) from the generation the from (64.7%) million 790.4 R$ (i) : %) %) between quence largely of the following the of largely quence

and olar paneling segment. The positive impacts positive The segment. paneling olar d and fromoperational expenses. from the from heads; (vi) R$ 8.9 million from an increase in charges for the use of the network; (vii) R$ 7.8 million increase costs relative to the construction of the transmission lines and operations executed by the wholly by operationsthe executed lines and the transmission of the construction to costs relative

effects already mentioned and booked in 4Q20, Ebitda for the segment posted a reduction of R$ 78.5 R$ of reduction a posted segment the for Ebitda 4Q20, in booked and mentioned already effects ; (iii) R$ 11.2 million reduction in indemnification due to interruption of business against the result of result the against business of interruption to due indemnification in reduction million 11.2 R$ (iii) ;

from the Company’s the from the of R$ amount 868.9 relating million, –

4Q19 f hc R 3. mlin elc the reflect million 37.3 R$ which of

ENGIE Brasil Energia Energia Brasil ENGIE negative effect of effect negative portfolio segment with the variation the with segment portfolio –

increased by R$ 971.3 million 971.3 R$ by increased A; n (v R 72 million 7.2 R$ (iv) and TAG; and

4Q20. resulting from a combination of the variations in the amount of energy sold and the and sold energy of amount the in variations the of combination a from resulting

The The Ebitda margin in

portfolio segment; portfolio

negative effects negative

R$ 43.0 million million 43.0 R$

- – recurring

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

: (i) R$ 37.2 million from the result of the transaction executed transaction the of result fromthe million 37.2 R$ (i) :

4Q20 Ebitda

1 consolidated Ebitda would have shown an increase of R$ increase an of shown consolidated have Ebitda would

expenses, net + depreciation amortization.expenses, and Ebitda: net income + income tax socialincome and +income contributionnet financial Ebitda: and 1,317.1

47.1% would have been 4Q19 1

and

Ebitda 2,288.4 60.7% 4Q20 Ebitda Margin Ebitda power 37.7%,

Margin plant

decrease s 5,158.2 12M19 52.6%

concession concession assets

trading operations, the operations, trading Ebitda

of of 9 .4 6,484.5 12M20 52.9%

p.p. between . - owned

lion lion of

margins are margins thosecharacteristically inferior to of the revenue of and costs for the construction of the transmission lines and the operations transacted by the EGSD subsidiary, It should be pointed out that the consolidated Ebitda margin is partially reduced by the effects of energy trading operations 4. (1 Excluding the non consolidated Ebitda The margin an registered 0. increase of Ebitda Consolidated Margin respectively, 56.4%, and 56.8% been have would 2019 and 2020 in margin in a reflecting Ebitda The (1.0%). million 48.5 R$ of increase Excluding non Ebitda formargin theThe generationrecorded segment increase 7. an of Ebitda Generation Margin (xi) R$ and 7.6 of million other costs and operatingrevenues, expenses. 18.8 generalpayrollover R$ increased million and administrativein 24.6 selling, expenses;(x) increased million R$ in (ix) i outsourced materials and services; (vi) R$ 46.6 million from the increase in charges for the use of the network; (vii) R$ 46. busine indemnificationinterru royalty 28.8 (iv) R$ for 47.1 in (iii) purchases;R$ in payments; million decrease and energy million c the of result following the of reflection a mainly (1.0%), million 48.5 R$ of increase an reported have from2019 R$ 5,06 Excluding these Ebitdaeffects, for this segment in 2020 would have declined from R$ 5,753.2 million to R$ 4,800.8 million an (iv)R$ arising the93.9and million from inincrease assetbetween impairment compared years. receive indemnifications from non revenues operating other of million 321.0 R$ of effect negative the (iii) 2020; in action legal million 967.7 R$ additional an (i) events: following recovered energy the costs in theto light of respect the renegotiation with of the million hydrological risk in 636.3 2020; (ii) R$R$ 83.5 ofmillion gain from amount the the in years comparative non by affected was above (i) item in shown is which of variation the segment, generation The subsidiary controlled transactionsexecuted andexpenses; fromoperating (v) and (13.6%) 0.6 million R$ panelfrom the solar segment. jointly the mil 19.8 R$ of impact positive in the by attenuated partly albeit market, to marking of effects the of result stake a are corporate the from result counterbalanced by the following higher a to due sales inmillion a2020, combination the of following On a full 2019 x 2020 year comparison, Ebitda increased R$ 1,326.3 million (25.7%) from R$ 5,158.2 million in 2019 to R$ 6,48 n the result from transactions conducted on the short the on conducted transactions from result the n taxes taxes taxes 0 4.3 EbitdaMargin Ebitda Depreciationand amortization Income(loss) before financial results and EbitdaMargin Ebitda Depreciationand Income(loss) before financial results and EbitdaMargin Ebitda Depreciationand amortization Income(loss) before financial results and

p.p. - compliance with contractual conditions from the supplier responsible for the construction of Pampa Sul and bo and Sul constructionPampa for the supplier of the withresponsible from conditions compliance contractual %) between the years 2020 and 2019. The Ebitda margin on the same comparable basis would have shown a decrease of decrease a shown would have basis comparable same the on marginEbitda The 2019. and 2020 years the between %) from

s Tee fet wr prily fst y h following the by offset partially were effects These ss.

the Company n n additional 0.4 p.p.between full the years fiscal compared herein. ombination of variations in energy volume sold volume energy in variations of ombination - recurring effects previously mentioned and booked in 2019 and 2020, the Ebitda segment’s would have shown an

- amortization recurring effects already mentioned t 8.4 million to R$ 4,752.3 million. With this on a 2019 x 2020 comparative bases, Ebitda for this segment would ’s

portfolio segment; (ii) R$ 261.5 million from the energy transmission segment; and (iii) R$ 406.0 million

ENGIE Brasil Energia Energia Brasil ENGIE

negative negative effects:

Generation positive effects

7 5 4 5 4 .

60 67 , , , , (iv) R$ 25.4 million from the energy trading segment 3 p.p.3 684 633 862 914 068 205 753 839 C 51 . . 1 4% ompany’s other operations. - % term market; (viii) R$ 31.1 million in higher proprietary fuel consumption; fuel proprietary higher in million 31.1 R$ (viii) market; term . . . . . he he consolidated Ebitda would have posted an increase of R$ . . . . 8 5 3 5 0 4 9 2 2

–

Electricenergy

Transmission Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

3 Varia

p.p. from p.p. 52. 2019 2020 Ebitdaby segment and the average net selling price selling net average the and : (i): R$ 684.8 million (13.5%) in the generation and electric e eaie effects negative 0 tion . 10 11 2 p.p.2 261 261 279 279 18 18 . .

8% 0% ...... 5 5 4 4 9 9 - - -

6 Trading p.p.from 60. (2 % in to% 2019 in 52.9% 2020. . 3 p.p.)3 (0 (2 (25 (25 (30 (30 . (5 (5 . 5%) 8%)

– ......

4) 4) 3) 3) 7) 7) () $ 17 ilo ices i te ot of costs the in increase million 61.7 R$ (v) :

12M - - -

20x panels 1 (1 Solar % in 67.4% in 2019 to % in 2020.

. – positive effects positive 7 p.p.)7 (4 (6

12M

(0 (0 . (4 (5 . (5 (6 5%) 2%) TAG. These postive postive These TAG. 0 0 1

...... 6) 8) 4) 2) 0) 0) . . . 19(in R$ million) 2 8 0

;

(ii) R$ 82.6 million reduction in reduction million 82.6 R$ (ii)

recurring events booked in t in booked events recurring

transportation Gas –

of of which R$ 45.2 million

406 406 487 487 : (i) R$ 126.5 million, 126.5 R$ (i) : 81 81 lion originating from originating lion ......

0 0 1 1 1 1 ------

Consolidated oked inoked 2019; fet were effects 690.0

successful

, booking 1 1 million 0

1 1 5 4 6 5 ption toption

h . 52 52 , , , , , , million where 3 p.p.3 863 915 326 274 158 294 484 569 nergy eads; 51 d for d . . 6 9% d d in 4.5 % ...... he 7 3 0 3 6 2 9 5 5 in

recurring effects; recurring and (ii) greater tax in incentive benefits 4Q20 with compared 4Q19. effects, these Excluding there was a decrease previously. of R$ 32.6 mentioned mill impairment asset and risk hydrological on agreement the to relating and 4Q20 50.0 the R$ of for 2019, recorded of than quarter higher same million 262.8 R$ million, 312.8 R$ were 4Q20 in (CSLL) Contribution Social and (IT) Tax Income Inco 292.5 R$ of increase (ii) and in restatementinterest,monetary million and on adjustments thedebt. fair to value of payable; grants concession on restatement monetary and interest foregoing million the 463.9 in R$ effects of same increases the of combination a of result a (57.8%), million 783.1 R$ by is that 2020, in million 2,137.2 R$ to 2019 in million 1,354.1 R$ from increased expenses basis, comparative annualized an On forpurposes. investment and to the raising of new loans, financing, debentures and preferred shares redeemable during 2020 for the management of c principa fair value, debtto ofthe adjustment and on restatement interest, monetary in million 133.3 R$ (ii) of increase and restatement and interest on concession grants payable, mone in million 161.3 R$ of increase an (i) were: variations principle The 2019. quarter same the in registered million 442.0 6.4 R$ million of 10.0 million, d resources with (ii.i) to: due principally restatement by conclusion monetary of million 39.9 R$ of increase an (ii) action; legal and social contribution p non a (i) factors: following the to due essentially is variation This 2020. in million 254.8 R$ comparative 2020 x 2019 a On investments due tofinancial in thereportedrates reduction interest the in quarters. compared Company the by recovered coal buying of cost past the from resulting restatement for Result Financial followingtable The income with reconciles Ebitda:net

(In millions ofR$) millions (In Net Net income (+) Income tax and social contribution tax(+) Income social and (+) Net financial result (+) Net financial (+) Depreciation and amortization amortization and (+) Depreciation Ebitda

(5) 2 1

Ebitda

5,068 R$ Change Ebitda

5,158

2019

Apparent sum Apparent Considers the combined combined of the effect changes in expenses. Considers and revenue

(4) h sm qatr f 2019 of quarter same the million me Tax Social and me Contribution

renegotiation

Hydrological

968

risk

- on amounts receivable from third parties at R$ 13.5 million, principally due to the impacts of impacts the to due principally million, 13.5 R$ at parties third from receivable amounts on related areresultrelated errors a from of rounding addends.

ue to the the drawn drawn

and

volume in revenuesin from financial investments due to the

Price

127

regulator of the effects of Aneel of effects the of regulator

sales

4Q20 in 4Q20, the Company reported R$ 759.0 million, that is, R$ 317.0 million or 71.7% greater than the R$ the than greater 71.7% or million 317.0 R$ is, that million, 759.0 R$ reported Company the 4Q20, in from the Energy Development Account (CDE) Account Development Energy the from impacts resulting from monetary variation from recovery of past coal acquisition costs ayments ayments of R$ 76.3 million, relating to the financial restatement on the tax claw back following a successful

recovery

Generation and portfolio’s sale

Tax , financial revenues were R$ were revenues financial ,

, ENGIE Brasil Energia Energia Brasil ENGIE

Purchases

portfolio basis, financial revenue increased by R$ 107.7 million (73.2%) from R$ 147.1 million in 2019 to 2019 in million 147.1 R$ from (73.2%) million 107.7 R$ by increased revenue financial basis, largely

for

million, principally due to the fiscal effects on non on effects fiscal the to due principally million, ion, a reflection of: (i) lower pre

and

received due

Export

indemnity o h cmiain f h following the of combination the to

Royalties

r esolution,

STtrading/

CCEE

(46)

due due principally to the variation in the IGP

4Q20 –

Trading

2,288.4

1,029.5 36

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

312.8 722.7 223.4 .3 million, R$ million, .3

use

Charges

and

for

(78) indicating

the

fuel

grid decline -

Impairment

Transmission IT/CSLL profit between the periods observed, excluding non

4Q19

1,317.1

(94) due to to due

617.5

406.8 242.8 ; and (ii) a reduction of R$ 11.1 million in revenue from revenue in million 11.1 R$ of reduction a (ii) and ;

50.0 a reduction in reduction a 1

in interest rates between in between interestrates

Third

personnel .1 million or or million .1

and

services

(143) the generator the

other

party

Chg. % Chg.

525.6

Pampa Sul Sul Pampa TPP factors

73.7

Photovoltaicpanels

66.7

77.7

Indemnif

-8.0

supplier

(321) -

recurring items booked to the accounts in accounts the to booked items recurring reimbursement for reimbursement 3.1% above above 3.1%

. (i) :

Photovoltaic

panels - unit’s energy efficiency and (ii.ii) R$ (ii.ii) and efficiency energy unit’s

12M20

(1) recurring increase in interest on tax on interest in increase recurring

6,484.5

2,797.3

1,882.4 increase

item, principally in the form of: (i) of: form the in principally item,

889.8

915.0 - M, M, between comparable peri

Transmission

R$ 29.4 million, 29.4 R$

262 compared yearscompared the R$ the

of of

12M19

5,158.2

2,311.1

1,207.0

neet and interest

776.8

863.3

Trading monetary restat monetary mineral coal mineral

(25) 35 ; and (iii) a reduction .2 million million .2

406

income

Chg. % Chg.

Equity

(TAG) reflecting the reflecting .

25.7

21.0 14.5 56.0

6.0 monetary monetary acquired reported reported ash flow

6,485

5,754

280

487

Ebitda

(5)

2020 lly due lly ement

2 ods; tary

(31) - ,

monetary restatement;andmonetary (vi) subscription of preferred shares of Novo Estado Participações S.A.; ( to allocation for and projects transmission of implementation the financing working of formation 4131 Estado Novo the and Complex Wind II Largo Campo the of (BNDES) Bank Development Brazilian the from related is debt Company’s the in variation The the position to compared as at shares of As Debt (0.8%) higher for non periods (renegotiation of hydrological risk, asset impairment, Exc and successful legal action in 2020 amortization. and indemnity payments rec and contribution; social 113.0 R$ further a (iii) expenses; financial net R$ (ii) of 1,326.3 R$ increase million Ebitda; of 675.4 in of million R$ (i impacts: following the to due is fromeffect positive This 21.0%. or million increased income net basis, comparison 2,311.1 million in 2019 2020 to R$ 2,797.3 million, X that is an increase 2019 of R$ 486.2 a On lower asset and (26.1%) million 161.5 risk R$ was 4Q20 for hydrological income net 4Q20), the in impairment of (renegotiation periods the impacted R$ 262.8 million in IT and CSLL. Excluding the non increase of R$ 315.9 Ebitda; (ii) decrease of R$ 19.4 million of depreciation and amortization; (iii) increase greater income Net IncomeNet review; periods under andthe greater accruing benefits (ii) from taxincentives in 2020 IT/CSLL pre in reduction a (i) reflecting: million, 129.3 R$ of decrease awas there excluded, are effects these If 1.1 in 2020 was 24.1%, CSLL p.p non contributory other The work. the of delivery late of view in impairmen asset the and indemnities received for non action legal a to outcome successful a risk, largely due to the fiscal effects on non fro million 113.0 R$ increased expenses these year, the of context the In

. o R 1, R$ for December

than than the R$ compliance compliance with contractual conditions plus asset impairment in redeemable reflects R$ million Net Inc

Net income for 4Q20 for .

2,311

2019 132

3 the following effects following the

ome Change ome 1

. 4 hedging of net , , 2020, , 617.5 617.5 million and (iv) an additional R$ 51.7 million of depreciation of million 51.7 R$ additional an (iv) and

million million in net financial expenses; capital capital

ilo fo oesa fnnil ntttos ttly rtce by protected totally institutions, financial overseas from million was was uig non luding R$ total consolidated gross debt, gross consolidated total - and for the financing of Company’s business plan Company’s business of financing the for and compliance compliance with contractual conditions by the supplier responsible for the construction of ENGIE Brasil Energia Energia Brasil ENGIE

December 1,029.5 million, R$ 412 R$ million, 1,029.5 R$

posted posted for

1,326

Ebitda lower - 3,714. eurn ies hc ipce the impacted which items recurring - operations : (i) increase of R$ of increase (i) : recurring items booked in 2020 with respect to the renegotiation agreement on hydrological

than the amount2019, reported 25.2%. in of 3

million in million amortizations of loans

1 the same quarter , 20

and and

essentially , million in income tax and tax income in million and on and 19

Depreciation oae R$ totaled . -

amortization

recurring effects which

(52) and and (iv) an additional .0 - lending banks lending –

million or or million

971.3 million in million 971.3 Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings to a combination of the following the of combination a to

and Gralha Azul Gralha and representing principally loans, financing loans, principally representing in in 2019. 16,672.2 - recurrin

66.7% v

) generation of R$ This

) an )

Income g item was asset impairment. asset was item g amounting

taxes

(113) 2019 million , etoe aoe s el s h boig n 09 of 2019 in booking the as well as above mentioned t, m R$ 776.8 million in 2019 to R$ 889.8 million in 2020, 2020, in million 889.8 R$ to 2019 in million 776.8 R$ m

, Pampa Sul Pampa financing ),

; (iii) ; t R$ Net Income net net profit in 2020 would have been R$ 15.9 million ransmission

— million

617.5

4Q19 R$

a debentures issue for R$ 1, R$ for issue debentures a n nrae of increase an

and and debentures 2 . ;

+66.7%

,181.3 hedge (iv

Financial 1,150.0

(675)

result )

injection of R$ 476.8 million from the from million 476.8 R$ of injection

1,029.5 ystem events

4Q20

million operations, and allocated for the the for allocated and operations,

million million in charges to be paid and

; (ii) ;

, 15 during

The effective rate of IT and IT of rate effective The , . largely

debentures .5

2,311.1 raising of loans of raising

12M19 %

Net income

20 (R$

2,797

2020 for the constructionthe for

+21.0% 20 009 2,235.5 : (i) drawdowns drawdowns (i) : profits between profits

and .

2,797.3 3

12M20

Pampa Pampa Sul million, for million, preferred

via million) million) eived Law

R$ million Debt Net of end was equivalents) cash and andcash servicing debt of guarantee On was The

Total net debt net Total Net debt x Ebitda x debt Net

Gross debt Gross Result ofResult derivatives operations Deposits earmarkedDeposits for ofpaymentthe debt Cashequivalentsand cash December

average average cost debtweighted of nominal 7.6 2020

( 7.6 .

R$ Total % at% the end of

3 R$ million Loans Term Maturity

12/31/2019

Total debt Total 1 million

1,833

2021

14,437 , 20 ,

Debt 20

, the Company’s Company’s the ,

2,579

2022

Loans and and Loans 2019

financing ENGIE Brasil Energia Energia Brasil ENGIE

3,314

1,301

2023 net debt debt net

Debentures

1,009 at the at the end of

2,019

2024 (total debt less result of derivatives operations, deposits earmarked to the to earmarked deposits operations, derivatives of result less debt (total

Fixed

12/31/2020

17,246.1 –

(4,538.9)

11,786.4

Novo Estado Novo

(573.9) (346.9) Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

Preferred 2020

1.8X

1,802

2025

477

CDI

$ 11, $

12/31/2019

2026 to 7

TJLP

4,033

14,763.1

2030

(3,870.3) Debt

10,191.8 86

TJLP

Charges

14%

(326.3) (374.7)

1,150 .4

Fixed

13%

2.0X

million Breakdown

IPCA

2031 to

2,079

2035

12%

CDI ,

Amortization as increase of increase as

Chg. % Chg.

(3,714)

2036 to

16.8 75.9

17.3 15.6

(7.4)

2040

823

12/31/2020

Total debt Total

15.6

16,672

2041 to

2044

203 %

IPCA

61% compared with the compared with

oa dvdn pyu fr 00 oae R$ totaled net income distributable 2020 for payout dividend total Covid the from arising challenges the Despite be must payouts complementar addition In April on 5, occur 2021 equity shareholders’ share additional 2020, 15, December on held meeting a At of Credit Plant Hydroelectric Power maintenance 1 R$ (iii) investments; other in million 16.4 R$ (ii.v) and Plant Power Thermoelectric Sul Pampa i Largo Campo the in million 972.9 in 3.25% Estado additional Novo the for an ( of (TAG); acquisition S.A. applied in the construction of the Gás new projects as follows: (ii.i) de R$ for 1,229.2 million Associada million Transportadora 327.2 R$ and for the acquisition of a 100% corporate holding in Novo Estado Energia S.A. million Companythe 2020, invested4,013.1In R$ million park million dedicated to maintenance and revitalization projects in the generator 54.9 R$ (ii) and investments; other in million 1.6 R$ (i.v) and Plant; Power (i.i Line; Transmission the in million Largo 517.2 Campo R$ (i.ii) line; transmission (i.i Energia de being: Transmissora projects, new the R$ million were 4Q20 in Energia Brasil ENGIE at investments Total Expenditures Capital nvested nvested in the Gralha Azul Transmission Line; (ii.iv) R$ 136.3 million in the .

) , were used for the acquisition of corporate stakes: R$ 328.6 million million 328.6 R$ stakes: corporate of acquisition the for used were , of which of , completing

, inter Dividends at the meeting of the Board of Directors of February February of Directors of Board the of meeting the at ,

revitalization II y dividends y im dividends im Wind Complex; Wind

ratified by the General is incumbent Annual toit Meeting, on paymentwhich establishment conditions. (i) R$ 1,480.8 million was invested in the construction of construction the in invested was million 1,480.8 R$ (i) 100% of the profit the of 100% Transmissora de Energia de Transmissora

v for fiscal year fiscal for 42,6 . Sul Pampa the in million 15.5 R$ )

and

( and modernization ex

for fiscal year fiscal for ilo wr alctd o eeao complex generator to allocated were million - R 630 ilo fr h Nv Estado Novo the for million 603.0 R$ ) ENGIE Brasil Energia Energia Brasil ENGIE hydrological risk renegotiation)hydrological

o Interest Interest on Equity Capital n net income for the first half of half first the for income net n ( i.i II ii Wind Complex; (ii.iii) R$ 859.9 million million 859.9 R$ (ii.iii) Complex; Wind )

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» » » » » of the Quarter Highlights » » » » the Board employeeis responsib the is Coordination communities. and areas, more especially those related most closely to stakeholders, such as shareholders, clients, suppliers, employees, the m Sustainability Energia Brasil ENGIE Sustainability the (SASB) and the of recommendations the to according annually be can development sustainable to commitments other accessed from Company’s above, mentioned Policy Management Sustainable the to addition In for Ener standard Lacerda Thermoelectric Complex, the three plants of which, are among (for the 12 18001 which OHSAS NBR and Environment) the Occupational (for He 14001 ISO NBR Quality), (for 9001 ISO NBR with accordance in certified Engagem areas of Quality, Energy Management, Environment, Climate Change, Occupational Health and Safety, Social Responsibility and All plants under the Company’s responsibility adhere to ENGIE Brasil Energia Sustainable Management Policy, which thecovers 2030 and the address to endeavor we Goals, ESG t on focus a withStrategic Prosperity”, andPlanet “People, of trinomial term medium our Through globally. and locally both impacts positive with differentiated to associated and emissions reducing carbon the spearhead to is ambition ENGIE’s Sustainable Management

See more under under more See the contest distributed R$ 500,000 to 28 women entrepreneurs in the sphere of influence of our operations throughout Brazil. togetherknowledge of sharing empowerment, creation, income inwomen supporting 1 the of winners the quarter, fourth the In Plant, state Tocantins. Power of Group of the Universidade Studies Federal Environmental do Paraná and (UFPR).Aquaculture The Integrated project isthe to and be Energia run in Brasil the regionENGIE ofATGC, the between São Salv partnership a is project Application of Genetic Tools in the Monitoring of Ichthyofauna of Hydroelectric Power Plan The activities to term t explain communities situated along the reservoir margins and includes orientations, guidance, actions and short agen same delivered to the Federal Environmental Agency, Ibama. The Itá Hydroelectric Power Plant’s Plan, which had been sent to the was (Pacuera) Margins Reservoir the of Use and Conserving for Plan Environmental Plant’s Hydroelectric Brava Cana The forISO implementingplants ISO14001 9001, and OSHAS 18001 duringcertification The first internal audit of the Jaguara and Miranda regulatoryfuture meet to challenges such a state the in companies the preparing time, same the at and change climate combating of aim the with established was seal Inventories for verification by a third Gas Greenhouse their submit who Paraná of state the in located companies to given is award This category. 2020’’ PLUS With its Salto Osório initiatives and weightingslinkedwith to indicators so permittingthe an evaluation end of at year. each Programs four on based are goals These Goals”). Sustainability Energia Brasil (“ENGIE goals sustainability corporate annual the achieve Ma the from approval obtain Propose, external and to the of use corporateContribute best governance practices;and internal both among sustainability of practices and audiences; concepts propagate to programs awareness Develop towards maintaining Contribute the balance of ofinterests the different stakeholders C ent of Relatedent of Parties. which is may ea te eerh Dvlpet ad noain RD n I poet nw a "eeomn and "Development as known project I) and (R&D Innovation and Development, Research, the began ompany

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Forum a Science Based Science a Target. — https://mulheresdonos

s’ Cultural Development, Environmental Im Environmental Development, Cultural

representative.Among others, the

and Salto Santiago

website

of he and rules standards for theusers reservoir.surrounding Internation ENGIE Brasil Energia Energia Brasil ENGIE

, covering such themes as Human Rights and Ethics. The Sustainability Reports are published December

Forum al Integratedal Reporting Council (IIRC) party, party, substantiating a reduction in their emissions in relation to the preceding year. The

sobairro.com.br/

aeet or ad ok n codntd ai wt te raiainl nt to units organizational the with basis coordinated a on work and Board nagement was set up in 2007 and is currently made up of 12 members drawn from different from drawn members 12 of up made currently is and 2007 in up set was H st ydroelectric ydroelectric

- 3

s s a the probable introductionof carbon surcharge. ility of the Administrative Director’s Office while one of the Committee members Committee the of one while Office Director’s Administrative the of ility eta tasto poes olwd, uprig u cins n hi juny of journey their in clients our supporting worldwide, process transition neutral “Women of our Neighborhood” contest were announced. This is an initiative for for initiative an is This announced. were contest Neighborhood” our of “Women 1 , 20 Global Reporting Initiative (GRI Initiative Reporting Global socio 20 H , out of the the out , of – ydroelectric

- Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings P environmental offers, thereby encouraging sustainable development sustainable encouraging thereby offers, environmental Forum . ower

he commitment for reducing CO reducing for commitment he capacity of 77.9% provement, Social Inclusion and Education for Sustainability for Education and Inclusion Social provement, P

has as to:has as its objectives

lants, ENGIE was awarded the Paraná Climate Seal, ‘’OURO 60 plants installed Brazil’s60 13 plants of regions, installed in five are 12 states Power Power P

lants lants was completed with a view to preparing these .

of the total operated by the Company. are certified according to the NBR ISO 50001 ) , Sustainability Accounting Standard Board Standard Accounting Sustainability

in relation toin the Company; 2021.

with a health support network. In total,In network. support health awith 2

t Reservoirs" on December 1. The emissions by 46% between 2019 between 46% by emissions

- , medium ador Hydroelectric

- T

and long he Jorge edia — -

, 35

GRIStandard with quarterly and annually results presentations. The following table i shows period the each indicators for forindicators sustainability principal the include to Company the of practice standard been has it 2012, Since Indices Sustainability

Item Sustainability Indices Sustainability

10 11 12 13 14 15

20 21

24 25 26 27

1 2 3 4 5 6 7 8 9 7 6 5 4 3 2 1 Notes:

Amounts in thousands of of thousands in reais. Amounts days of due= occupationalfor lost number to everyTG accidents of =number accidentsoccupational for TF every hours of hazards. million to exposure Initiative, Reporting Standar Global GRI: at Figures ENGIE Sustainable ManagementPolicy. Reference: sustainability regarding information the Company areAdditional avai the at

Environment Environment

and climate and

Occupatio-

Responsibi-

Dimension

and Safetyand

nal Heath nal

change

Quality

(OH&S)

Social

lity 12/31/2020

Operating plants Operating Installed capacity Installed Proprietary capacity Proprietary Number of certified plants certified of Number Certified installed capacity(MW) installed Certified Certified installed capacity in relation to the total the to relation capacityin installed Certified Installed capacity from renewable sources renewable capacityfrom Installed Installed capacity from renewable sources in relation to the total the to relation sourcesin renewable capacityfrom Installed Energy generation (GWh) Energygeneration Certified energy Certified generation Certified energy generation in relation to the total the to relation in energy Certified generation Energy generation from renewable sources(GWh) renewable from Energygeneration Energy generation from renewable sources in relation to the total the to relation sourcesin renewable from Energygeneration Uptime ratio, excluding scheduledexcluding stoppages ratio, Uptime Uptime ratio, including scheduled stoppages including ratio, Uptime Saplings donated and planted (sum-total of planted and donated donated and planted of (sum-total planted and donated Saplings saplings)

Number of visitors at the plants and environmental education environmental and plants the at visitors of Number

CO2 Emissions (fossil fuel plants) (t/MWh) plants) fuel (fossil Emissions CO2 CO2 Emissions from Tractebel Energia's generation generation TractebelEnergia's from Emissions CO2 complex(t/MWh) Frequencyemployees("TaxadeFrequência" Rate TF)- own Severity Rate ("Taxa de Gravidade" - TG) own employees TG)- ("TaxadeGravidade" own Severity Rate Frequency Rate ("Taxa de Frequência" - TF) own employees + long Frequencylong employees("TaxadeFrequência" + Rate TF) - own term service providers service term Frequencyservice ("TaxadeFrequência" term Rate TF)- short providers + ongoing constructions ongoing + providers Non-incentivized investments Non-incentivized Investments through the InfancyAdolescence the and (FIA)Fund through Investments Investments through the Culture Incentive Law (Rouanet) Law Incentive Culture the through Investments Investments through the Sport Incentive Law Incentive Sport the through Investments Investments through National Program of Support to Oncology to Support of Program National through Investments Care (Pronon) Care Investments through the National Care Support Program for for Program Support Care National the through Investments People with SpecialNeeds(Pronas/PCD) with People Investments through the Municipal Fund for the Elderly the for Fund Municipal the through Investments

Index .

recommendations

5 d ENGIE Brasil Energia Energia Brasil ENGIE s version andversion sectorG4. supplement

thousand hours

5 l ableSustainability at Report ( –

of of hazards. to exposure

- Teams and community community and Teams-

- Emissions Managemen Emissions -

suppliers and customers. and suppliers

- Boost of prosperity on on prosperity of Boost -

renewable sources for sourcesfor renewable Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

- Foster good social social good Foster -

economic result and and result economic

Material themes

and environmental environmental and

practices between between practices

local communities local

energygeneration

value sharing with with sharing value

- Prioritization of of Prioritization -

- Generation of of Generation -

Management

- Biodiversity -

- Emissions Emissions -

society

safety

www.engie.com.br/en/investors/financial

D305-1,D305-2,D305-3

GRI disclosure

304-2,413-1

203-2,413-1 203-2,413-1 203-2,413-1 203-2,413-1

203-2,413-1

102-16,EU6 102-16,EU6 102-16,EU6

102-16,EU6 102-16,EU6

102-7,EU1

102-7,EU1 102-7,EU1

413-1

403-2 403-2

403-2

EU30 EU30

EU2

EU2 EU2

4 4 Q20 X

1,244.5

2,427.7

1,661.0

1,436.3

4Q20

10,220

93,754

10,935

10,431

77.9%

88.5%

72.6%

80.8% 95.8% 90.6%

8,711

8,127

9,229

7,424

8,257

0.924

0.177

0.000 0.000

0.000

0.920

949.0

888.0

835.0

12 4

1,498.0

2,144.9 1,400.0

2,775.0

2,444.2

2,035.5

4Q19

10,431

11,448

96,479

22,639

77.9%

88.5%

74.8%

86.8% 97.1% 89.7%

8,558

9,933

1.054

0.139

0.000 0.000

1.700

0.000

507.1

8,711

8,127

9,228 Q19, associating each indi

- information

Change

-2.1p.p.

-6.0p.p. -1.3p.p.

0.0 p.p. 0.0

0.9 p.p. 0.9

-16.9%

-36.6%

-40.1%

-41.2%

-59.0%

-10.7% -13.2%

-16.9%

-51.7%

-12.3%

87.1% 13.2%

27.3%

-2.8%

0.0% 0.0%

0.0%

- -

0 ).

12M20

366,553

7,504.2 1,868.4 7,264.6 1,418.5

1,661.0

1,436.3

1,480.9

35,163 25,499

29,430

33,039

10,431

77.9%

88.5%

72.5%

83.7% 96.4% 90.9%

8,711

8,127

9,229

0.966

0.158

0.413 0.006

0.621

0.787

12M19

404,643

4,034.6 2,609.0 9,375.0 2,490.0

2,535.0

2,546.0

2,286.0

44,058 34,895

39,006

90,673

10,431

77.9%

88.5%

79.2%

88.5% 97.1% 89.7%

8,711

8,127

9,228

1.013

0.116

0.000 0.000

1.720

0.630

12 cator n its n

Change

-6.7p.p.

-4.8p.p. -0.7p.p.

0.0 p.p. 0.0

1.1 p.p. 1.1

-20.2% -26.9%

-24.6%

-63.6%

-28.4% -22.5% -43.0%

-34.5%

-43.6%

-35.2%

35.6%

86.0%

-9.4%

-4.7%

0.0%

0.0% 0.0%

0.0%

same proportion. same pro 163,185,548 new common, book entry shares with no par value, distributed to its shareholders in the form of a bonus issue in 32 the 2018, December In the under traded are (ADR) Receipts Depositary to oneequivalent common sha American 1 Level Company’s the market, ENG for leading constituent agent ratings of responsibility corporate social and analyzes approximately 330 indicators. the is Vigeo countries. developing in responsibility corporate in performance premium a with companies of up made index stock index stock leading B3’s on traded also are shares Company’ The industry. sector a is which (IEE), Index Stock Energy Electric the as well a responsibility, corporate and social to commitment recognized a with companies comprising (ISE), Index Stock Sustainability controlling a of sale the of event the in shareholders minority to protection greater offering companies those incorporating (ITAG), Index Stock Along Tag Special the and (IGC) Index Stock Brasil ENGIE Mercado, Novo B3’s on listing its Since Associada Transportadora de (TAG). Gás by independent directors of the ENGIE Energia’s Brasil Board for Valuation of Transactions with Related Parties Indep Special the of Bylaw, Company’s the initiativesto adaptation of the means by Among creation, the out further. stands implemented even raised be should standards governance corporate E existing Brasil its ENGIE that parties, understand related shareholder with transactions other and model transfer asset the to respect With form semi the of in each in paying of intention the net income less 55%adjusted of not of than value shareholders’ a and/or for on dividends interest equity year calendar determines policy Company the addition, In 6,404/76. Law to pursuant adjusted year, Energia Brasil ENGIE revise, implement, maintain, and the improve corporate antibribery mana ENGIE Brasil’s ISO 37001 certification was ratified, this with theassociation NationsCompact, United Global which of ENGIEBrasil signed the to Brazilianup Energia Pact Integrity Business for and Corruption:against Ethics an has A Code of Ethics provides the basis of conduct at the Company: a public document available from its website. The Company also Annual the General at Meeting. the occupy not does Board the of Chairman position the of Chief consequently Executive Officer. and With Company the exception the of the in member positions chosen by executive the employees, hold all members a Board of Board Directors ninecomprises Energia’s effective members, one represent Brasil ENGIE (ISE). Index Sustainability Exchange Stock the of component a is Company the Additionally, senior management: Nomination,of Remuneration and Evaluation. an activities the to transparency greater give to policies three implementing improved, was procedures compliance management. risk and audit external and internal the controls, internal of Directors. The aim of the Committee is to advise the Board of Directors on was Committee established Audit an results, possible. as soon as changes ende has Company the then, Since regulations. segment’s the of requirements seg general the increase to 2017 in revision a to listing subject was segment ThisExchange. Stock the on shares thetheir trading governance Mercado, Novo the of component a is It transparency. Company improve regularly The to itsseeks management mechanisms,with optimization of control procedures, portion of 1 new share for every 4 common shares already held. The benefits of the bonus w the bonusofbenefits Thealready held. shares common for 4 share every new 1 of portion IE Brasil Energia’s shares are traded on the B3 under the the under B3 the on traded are shares Energia’s Brasil IE Forum

- annual payouts.

responsible for constantly updating the Code an Code the updating constantly for responsible ’s dividend policy establishes a minimum mandatory dividend of 30% of net income for the fiscal the for income net of 30% of dividend mandatory minimum a establishes policy dividend ’s nd

xrodnr Gnrl etn o h Cmay prvd h cptlices wt teise of issue the with increase capital the approved Company the of Meeting General Extraordinary ENGIE Brasil Energia Energia Brasil ENGIE A multidisciplinary working party was constituted to address the theme and in the light of the first the of light the in and theme the address to constituted was party working multidisciplinary A re.

composed , a non

Energia has become a component of the Special Corporate Governance Corporate Special the of component a become has Energia evaluating the requirements and providing guidance in order to establish,

of three members, three members, of –

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings ing the employees while - permanent permanent body, which, when called, will be composed in its majority .

stake. The Company’s shares are also included in the Corporate the in included also are shares Company’s The stake. This This Committee was instrumental in the acquisition EGIE3 index made up of the more significant listed companies in the in companies listed significant more the of up made index

et o opne wt te ihs ee o corporate of level highest the with companies for ment symbol. On the United States Over States United the On symbol. d for evaluating ethical issues. issues. ethical evaluating for d On another related front, the management of corporate of management the front, related another On gementsystem. two

Energia a been has signatory since launch. the –

the of avored to use our best efforts to implement the implement to efforts best our use to avored financial whom Ib three ovespa and on Euronext on and ovespa

are

statement’s are independent None directors. of the

an init an independentmember

ere GE Code EGIEY

re elected by the shareholders i ative of the Ethos ofin ative the Institute,

extended to the ADRs in theinADRs the toextended

evaluation nergia and its controlling its and nergia In 2013, ENGIE Brasil ENGIE 2013, In - The endent - Vigeo oe D being ADR one , ,

- compliance

ethical ethical matters, Counter (OTC) (OTC) Counter

s of the stake in d procedures d

of theBoard of

Committee EM 70 70 EM In 2020,

— and the

a s

capitalizationof market 35. R$ 43.94/share R$ was shares Company’s the of price closing the 2020, December in day trading last the On R$ trading turnoverwhen was 60.0 million. 58.9 million. For the fiscal year 2020, average daily volumes traded EGIE3 recorded an average daily trading volume of R$ 74.5 million in 4Q20, 26.4% more than in 4Q19, when the volume was R$ a reported while IEEX devaluation of 10.1%, shares Company’s the 2020, year calendar the For respectively. 25.8%, and 20.8% rose Ibovespa the and (IEEX) Index Stock registere Energia’s Brasil ENGIE report stockmarket,to historicalrecordBrazilian fresh a closing at more than119 thousand points. devel progress in surrounding and expectations country the same in package economic stimulus America,the in elections presidential the to outcome However, 2020. quarter fourth the in onearly outlook the wave clouded coronavirus second a surrounding Fears PerformanceShare

110 105 100

95 90 85 80 75 70 65 60 55 50

Dec-19 (Base 100 100 (Base IEEX vs. Ibovespa vs. EGIE3 oping vaccines against Covid against vaccines oping

Jan-20 –

31/12/201

Feb-20 9 )

–

Mar-20

EGIE3 ENGIE Brasil Energia Energia Brasil ENGIE 9 billion9 d an appreciation of 11.1% in the fourth quarter of 2020 of quarter fourth the in 11.1% of appreciation an d

Apr-20 - 19 were drivers of the financial market, resulting in the Ibovespa, the leading index of the of index leading the Ibovespa, the in resulting market, financial the of drivers were 19

EGIE3

May-20 and the Ibovespa posted growth of respectively.8.1% and 2.9%,

Jun-20 –

IBOV

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

Jul-20

were R$ 81.1 million, a growth of 35.1% compared with 2019

Aug-20

IEEX

Sep-20

Oct-20

Nov-20 ,

while the Electric Energy SectorEnergy Electric the while

Dec-20

Ibovespa = Ibovespa

EGIE3 = R$ 43.94 EGIE3 =R$ , translating into a into translating ,

IEEX = 82,846 119,017

esti on based decisions projectionsany andforward lookingadoptstatements contained inthis release. not should investors and shareholders restrictions, these of light the In reality. an a become estimates the curren affect on can based factors Innumerous are businesses. which Company´s uncertainties, as the and to risks relation to in tendencies subject and events projections future forecasts, on opinions and information contains release This Important sumptions on which these opinions are based. For this reason, the estimates and forward looking statements in this release ma Registration Time: Date: Virtual Meeting Apimec ENGIE code: Access Brazil:+55 Participants in (11) 3127 the+ UK:(20)Participants in 44 the+1 USA: Participants in (516) 300 numbers: Connection the to connectioninLink English: Time: Date: Portuguese (In VideoEarnings Release Conference Energia will beENGIE holdingthe followingevents Brasil theresults:to earnings discuss

10 18February (only in Portuguese)(only in

:00h a.m. (Brasília:00h a.m.time) :

[email protected] 9:00 a.m. (EDT) a.m. 11:00 / 9:00 (BRT)a.m. February th — , 2021

simultaneous translation into English)

12 ENGIE Brasil Energia Energia Brasil ENGIE

, 202,

3478 1

- 4971 (11)/ 3728 https://vcasting.voitel.com.br/?transmissionId=8845 - - 1066 / 1066 / 1 5282

- 866

- 866 – -

5971 Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings - 2673 (Toll Free)2673 (Toll

mates, y not d t

(In thousands (In R$)of Current Assets Current Cash equivalents and cash Accounts receivables from receivables clients Accounts Credit income of and tax social contribution Dividends receivable Inventory Unrealized gains on hedging transactions Unrealized gains on trading transactions Restricted deposits Renegotiation hydrological of risk to appropriate Concession financial assets Nonsale held asset for current Other assets current Non Current Assets Non Current

Long Term Assets Term Long Unrealized gains on hedging transactions Unrealized gains on trading transactions Restricted deposits Deposits in court Renegotiation hydrological of risk to appropriate Concession financial assets Contractual assets Other assets non current Investments Property, Plant and Equipment Plant and Property, Intangible Right of use of leases of use Right of Total ENGIE Brasil Energia Energia Brasil ENGIE

–

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

7,733,297 4,538,946 1,723,101 140,785 32,500 189,428 14,475 320,309 174,048 15,089 305,626 4,577 274,413 27,452,951

6,829,060 719,380 54,385 235,819 82,539 100,597 2,499,170 2,961,419 175,751 2,425,062 15,537,837 2,513,990 147,002 35,186,248

12/31/2020

6,745,671 3,870,261 1,451,227 166,833 - - 220,964 115,131 288,771 4,856 15,089 296,232 4,829 311,478 23,389,907

3,652,141 311,577 42,695 381,064 102,878 115,686 2,411,942 217,611 68,688 2,948,920 15,330,211 1,296,769 161,866 30,135,578

12/31/2019

(In thousands (In R$)of Current Liabilities Current

Suppliers Dividends and interest equity on shareholder´s Loans and financing Debentures Lease liabilities Tax and social contribution obligations payable Other fiscal and Other regulatory obligations fiscal Labor obligations Unrealized on trading losses transactions Concessions payable Provision Obligations related to retirement benefits Other liabilities current Non Current Liabilities Non Current

Loans and financing Debentures Redeemable shares preferred Lease liabilities Unrealized on trading losses transactions Concessions payable Provision Obligations related to retirement benefits Deferred incomeDeferred and social taxes contribution Other liabilities non current Shareholders' Equity Shareholders'

Share capital Net income reserves Adjustment asset on fixed Non controlling interests Total ENGIE Brasil Energia Energia Brasil ENGIE

–

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

5,380,926

861,752 1,385,056 1,375,627 449,376 19,144 198,541 113,901 130,097 321,654 228,865 15,159 43,067 238,687 22,063,324

9,825,881 5,113,171 482,088 104,828 36,405 3,783,453 305,845 407,846 1,523,222 480,585 7,741,998

4,902,648 3,546,496 (709,615) 2,469 35,186,248

12/31/2020

5,979,644

765,020 1,197,924 1,637,691 1,204,469 19,824 176,395 104,855 106,005 258,305 145,136 8,579 42,909 312,532 17,157,114

7,181,363 4,739,535 - - 114,483 20,644 3,091,354 288,301 364,253 941,468 415,713 6,998,820

4,902,648 2,123,245 (30,739) 3,666 30,135,578

12/31/2019

(In thousands (In R$)of

Net Operational Revenue Operational Net

Operational Costs Operational

Gross Income Gross

Operating Income (Expenses) Income Operating

Result of corporate participations corporate of Result

Income Before Financial Result and Taxes and Financial Result Before Income

Net FinancialNet Result

Income Before Taxes Before Income

Net Income for the Period the for Income Net

Number of Ordinary Shares Ordinary of Number

Net Income per Share per Income Net

Electric pow er purchases er Electric pow Transactions in term the short market energy Charges for the use of and connection the toof use theCharges grid electricity for Fuel expenses Financial compensation for use of hydro resources (royalties) Financial resources hydro compensation of use for Personnel Materials andservices third-party Depreciation and amortization Insurance Cost of implementingCost of transmission infrastructure Cost of sellingCost of photovoltaic panels solar Energy costs recovery - Hydrological - risk renegotiation recovery Energy costs Others

Selling, general and administrative expenses Impairment Other operating (expenses) revenues, net Other revenues, operating (expenses)

Equity income

Financial income Financial expenses

Income tax Social contribution

Income allocated to: ENGIE Brasil Energia's shareholders Non-controlling Ibitiúva shareholder of Bioenergética S.A. ENGIE Brasil Energia Energia Brasil ENGIE

–

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

815,927,740

(1,634,156)

4Q20

3,769,234

2,135,078

2,064,960

1,342,240

1,029,477

1,030,116

(748,793) (112,657) (142,006)

(110,655) (217,759)

(987,138)

(190,433)

(722,720)

(759,034)

(219,603)

967,681

120,315 120,315

(73,645) (26,674) (75,411)

(28,436)

(28,981)

(49,682)

(87,087) (98,755)

(93,160)

36,314

1.2625

(4,591)

(639)

815,927,740

(1,728,820)

4Q19

2,795,124

1,066,304

1,074,294

(728,822) (225,660) (133,164)

(236,090)

(406,828)

(442,071)

667,466

617,534

617,228

(84,195) (32,492) (68,135) (99,700)

(21,376) (52,936) (29,546)

(16,704)

(78,804)

(77,486)

(32,306) (17,626)

86,794 86,794

35,243

0.7565

(1,318)

306

Chg. % Chg.

1,764.8

-308.8

100.0 197.4 100.2

141.7

100.0 248.3

101.1

579.8 428.5

-50.1

-12.5 -17.9

34.9

10.7 11.0

33.0

12.4

38.6 38.6

92.2

77.6

71.7

66.7

66.9

-5.5

-7.8

-1.9

2.7

6.6

3.0

815,927,740

12,259,159

(6,795,857)

(2,583,053)

(2,274,223)

(1,882,435)

(2,137,239)

12M20

5,463,302

5,569,563

3,687,128

2,797,268

2,797,091

(310,767) (560,335) (204,135)

(281,478) (357,678) (893,821)

(380,790)

(277,368)

(631,475) (258,385)

967,681

487,051 487,051

254,804

(84,488)

(88,950)

(54,410)

(70,200)

(98,755)

3.4281

(4,667)

177

12M19

815,927,740

(5,652,963)

(2,666,211)

(1,206,961)

(1,354,112)

9,804,478

4,151,515

4,294,898

3,087,937

2,311,099

2,309,925

(427,677) (513,740) (172,962) (131,606) (264,782) (293,654) (844,390)

(151,334)

(253,236)

(552,386) (224,452)

320,405

147,151

(65,610)

(70,800)

(50,197)

62,269

81,114 81,114

2.8310

(4,900)

1,174

Chg. % Chg.

1,402.8

1,915.4

-711.5

-101.5

100.0

500.5 500.5

-27.3

-35.8

-23.1

-84.9

25.0

20.2

18.0

21.8

35.6

39.8 31.6

29.7

56.0

73.2 57.8

19.4

14.3 15.1

21.0

21.1

-3.1

9.1

6.3

5.9

9.5

(In thousands (In R$)of

Cash Flow from Operating Activities Activities Operating from Flow Cash

Adjusted Net Income Net Adjusted

Cash Generated from Operating Activities Operating from Generated Cash

Net Cash from Operating Activities Operating from Cash Net

Investments Activities Investments

Financing Activities

Increase in Cash and Cash Equivalents Cash and Cash in Increase Reconciliation of Cash and Cash Equivalents Cash and Cash of Reconciliation

Increase in Cash and Cash Equivalents Cash and Cash in Increase Transactions that do Not Affect Cash and Cash Equivalents Cash and Cash Not Affect do that Transactions

Income on income taxes before eoclaino e noewihoeaigcs lw: flow cash operating ith w income net of Reconciliation

(Increase) reduction in assets in reduction (Increase)

(Reduction) increase in liabilities in increase (Reduction)

Payment on debt,interests hedge net of of Payment income of and tax social contribution

Dividends from joint received ventures Capital at joint increase ventures Acquisitions of investments of Acquisitions Used in fixed assets and Usedintangibles assets in fixed Liquidated damages the delay conclusion received for Fair value of the rights of use Fairin use acquiredthe projects of rights value of

Loans Loans and financing contracted Debentures contracted Preferred shares issued shares Preferred Payment loans and hedge of financing, net of Payment hedge debentures, net of of Payments of concessions payablePayments concessions of Payments dividends and of interest on equity shareholders' Payments leases of Debt deposits servicing Others

Opening balance Closing balance

Dividends intended subsidiaries by Fair acquired project rightsvalue of Interest on equity shareholders' credited aia nraewith Capital and profit profit w increase Net assets of subsidiaries acquired Net of assets Supplier's of fixed assets and intangibles assets Supplier's fixed of od ill Goodw Capitalized interest and monetary variation Measurement ith obligations retirement of w benefits Unclaimed dividends and interest on equity Provisions for expropriations w ithout cash effect in the construction of transmission in of the construction ithout effect cash expropriations w Provisions for Fixed assets credit of PIS of credit Fixed assets and COFINS Credit income of and tax social contribution Initial adoption IFRS 16 Transfer of property, plant property, and of equipmentTransfer assets to other non-current

Equity loss Depreciation and amortization Renegotiation hydrological of risk Impairment Monetary variation Interests Remuneration asset financial concession of Contract asset Contractremuneration asset Unrealized on (gains) trading operations,losses net Others

Accounts receivables from clients receivables Accounts Tax credits recoverable Tax credits Inventory Deposits deposits in and restricted court Renegotiation hydrological of risk to appropriate Financial asset concession Contract assets Other assets

Suppliers Other fiscal andOther regulatory obligations fiscal Labor obligations Obligations related to retirement benefits Other liabilities ENGIE Brasil Energia Energia Brasil ENGIE –

Earnings Release 4Q20 and 2020 and 4Q20 Release Earnings

12M20

(2,398,290)

(1,020,131)

(1,437,609) (1,671,209)

(1,240,918)

3,687,128

1,055,304

4,699,848

2,238,226

1,342,251

3,313,779 1,009,284

3,870,261 4,538,946

(487,051)

(967,681)

(381,745) (189,720)

(284,980)

(605,487) (290,488)

(996,938)

(327,168)

(328,889)

(153,879)

914,975

925,309

285,123

679,250

323,372

476,757

668,685

711,750 236,021 175,000 167,219 136,093 104,154

(27,466)

(16,122)

(26,261)

(30,424) (87,703)

(20,362)

(29,413) (76,282)

98,755

35,882

26,078 31,537

15,089

27,705 24,092

35,419 12,110

80,247 55,657 46,477

8,692

3,978 2,519

- -

12M19

(4,229,792)

(2,789,257)

(1,165,832)

(1,713,612)

(2,260,825)

3,087,937

4,768,427

4,689,606

3,621,266

2,062,995 2,664,545 4,064,987

1,454,469

2,415,792 3,870,261 1,454,469

(382,735)

(247,000)

(155,364)

(579,734) (488,606)

(680,612)

(459,381)

(132,399)

863,343

320,045 970,559

269,671

159,161

351,000

354,000

151,931

139,475

(81,114)

(14,549)

(67,056) (92,101)

(29,432)

(16,977)

(79,755)

(16,743)

(24,682)

15,090

65,601

71,886

88,677

87,233

(9,328)

(3,581)

(3,561)

(3,822)

(2,926)

4,900

9,369

3,318

6,433

5,738

- -