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ENGIE Brasil Energia S.A. Results Presentation 3Q20

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ENGIE Brasil Energia S.A. Results Presentation 3Q20 ENGIE Brasil Energia S.A. Results Presentation 3Q20 November 5, 2020 This publication may include forward-looking statements on events or The information and opinions contained herein should not be results pursuant to Brazilian and international securities’ regulations. These understood as a recommendation to potential investors and no forward-looking statements are based on certain assumptions and analyzes investment decision should be based on the veracity, topicality or made by ENGIE Brasil Energia S.A. (“ENGIE Brasil Energia” or “Company”), completeness of this information or these opinions. None of the - previously denominated Tractebel Energia S.A. -, in accordance with its advisors to ENGIE Brasil Energia or the parties related thereto or their experience and the economic scenario, market conditions and expected representatives shall accept responsibility for any losses, which may events, many of which are outside the control of ENGIE Brasil Energia. occur as a result of the use or the content in this presentation. Important factors which can lead to significant differences between effective This material includes forward-looking statements as to events results and the forward-looking statements with respect to events or results, subject to risks and uncertainties, which based on existing include the business strategy of ENGIE Brasil Energia, economic and expectations and forecasts on future events and tendencies, may international conditions, technology, financial strategy, development of the affect the businesses of ENGIE Brasil Energia. These forward-looking government services industry, hydrological conditions, conditions in the statements include forecasts of economic growth and energy supply financial markets, uncertainty surrounding the results of its future operations, and demand as well as information on competitive position, the plans, objectives, expectations and intentions and other factors. In the light regulatory environment, growth potential opportunities and other of these factors, the effective results of ENGIE Brasil Energia may differ matters. Innumerous factors can affect adversely the estimates and significantly from those indicated or implicit in the forward-looking assumptions on which these statements are based. statements with respect to events or results. 11/5/2020 ENGIE BRASIL ENERGIA S.A. RESULTS PRESENTATION 3Q20 2 01 Highlights 02 Shareholding Structure and Business Segments 03 Energy Market in Brazil 04 Sales and Energy Trading Strategy 05 Expansion 06 Financial Performance 07 Supporting Data 11/5/2020 ENGIE BRASIL ENERGIA S.A. RESULTS PRESENTATION 3Q20 3 HIGHLIGHTS 11/5/2020 ENGIE BRASIL ENERGIA S.A. RESULTS PRESENTATION 3Q20 4 Principais(in R$ million)indicadores financeiros e operacionais:3Q20 3Q19 Chg. 9M20 9M19 Chg. (valoresNet em OperatingR$ milhões) Revenue (NOR) 4T18 4T173,208.8 Var. 2,494.1 28.7% 8,489.9 7,009.4 21.1% Results from Operations (EBIT) 1,209.3 1,355.5 -10.8% 3,504.6 3,220.6 8.8% Ebitda (1) 1,432.7 1,581.3 -9.4% 4,196.1 3,846.0 9.1% Ebitda / NOR - (%) (1) 44.6 63.4 -18.8 p.p. 49.4 54.9 -5.5 p.p. Net Income 490.0 742.7 -34.0% 1,767.8 1,693.6 4.4% Return On Equity (ROE) (2) 33.4 32.4 0.9 p.p. 33.4 32.4 0.9 p.p. Return On Invested Capital (ROIC) (3) 18.9 19.6 -0.6 p.p. 18.9 19.6 -0.6 p.p. Net Debt (4) 11,206.5 11,229.4 -0.2% 11,206.5 11,229.4 -0.2% Power Production (avg. MW) (5) 5,559 5,210 6.7% 3,793 4,977 -23.8% Energy Sold (avg. MW) (6) 4,355 4,551 -4.3% 4,256 4,256 0.0% Average Net Sales Price (R$/MWh) (7) 196.49 189.24 3.8% 194.80 189.06 3.0% Number of Employees – Total 1,584 1,433 10.5% 1,584 1,433 10.5% EBE Employees 1,460 1,403 4.1% 1,460 1,403 4.1% Employees on Under Construction Plants 124 30 313.3% 124 30 313.3% Notes: 1 Ebitda represents: net income + income tax and social contribution + financial result + depreciation and amortization + impairment. 2 ROE: net income of the past 4 quarters/shareholders’ equity. 3 ROIC: effective tax rate x EBIT / invested capital (invested capital: debt – cash and cash equivalents – deposits earmarked for debt servicing + SE). 4 Adjusted amount, net of gains from hedge operations. 5 Total gross electricity output from the plants operated by ENGIE Brasil Energia. 6 Disregarding sales for quotas regime (Jaguara and Miranda HPPs). 7 Net of taxes and trading operations. 11/5/2020 ENGIE BRASIL ENERGIA S.A. RESULTS PRESENTATION 3Q20 5 Continuity of COVID-19 Settlement of the public offering The indirect subsidiaries, Novo initiatives, the highlight being of Pampa Sul TPP 1st issue of Estado Participações S.A. the donation of R$ 500 thousand debentures for a total of R$ (NEP) and Novo Estado to the campaign in partnership 340 million. Subsequently, an Transmissora de Energia S.A., with the BNDES for attending application was submitted for the signed an Investment public sector hospitals in the 2nd debenture issue, Agreement with Itaú Unibanco state of Paraná. amounting to R$ 582 million. S.A., via the subscription of The funds will be used to preferred NEP shares for R$ reimburse the costs of 500 million, for the installation of installing the Pampa Sul TPP. transmission lines in the states of Pará and Tocantins. 11/5/2020 ENGIE BRASIL ENERGIA S.A. RESULTS PRESENTATION 3Q20 6 Sanctioned on September 8, The Company has endeavored ENGIE launched the Energy 2020, Law n° 14.052/20, to overturn the injunction order, Place, its digital relationship recognizing the right to received on October 15, in the and sales platform for clients compensation of the form of a Class Action (“ACP”), and managers in the Free hydroelectric generators for which suspended work on the Energy Market. This the financial fallout from Ivaiporã-Ponta Grossa and environment will simplify the exogenous factors which have Ponta Grossa-Bateias sections management of contracts and resulted in GSF-related disputes of the Gralha Azul servicing of ENGIE’s clients and over the past few years. Final Transmission System. partners as well as being an amounts are yet to be disclosed A second ACP, dated October energy e-commerce platform. by Aneel. 21, seeks to suspend work on the entire project as well as the relative environmental licenses. 11/5/2020 ENGIE BRASIL ENERGIA S.A. RESULTS PRESENTATION 3Q20 7 For the 11th time, the Company The Company was elected has been awarded the as energy sector Transparency Trophy champion in the Época organized by Anefac, Fipecafi Negócios 360º yearbook in and Serasa Experian. 2020. 11/5/2020 ENGIE BRASIL ENERGIA S.A. RESULTS PRESENTATION 3Q20 8 SHAREHOLDING STRUCTURE AND BUSINESS SEGMENTS 11/5/2020 ENGIE BRASIL ENERGIA S.A. RESULTS PRESENTATION 3Q20 9 ENGIE S.A. 99.12% Energy International 100.00% Brasil Participações Ltda. 100.00% 40.00% 68.71% 100.00% Geramamoré Energia EGIEY Part. e Comerc. Sustentável do ADR de Energia Brasil Brasil Energia ENGIE Soluções NÍVEL I S.A. 100.00% 48.75% 100.00% 100.00% 100.00% 100.00% 100.00% 99.99% 100.00% 32.50% 99.99% Companhia ITASA Companhia Companhia ENGIE Lages Energética Itá Energética Pampa Sul Energética Energética Transmissão Bioenergética Brasil Energia Geração Solar Estreito S.A. Jaguara Brasil Energias Miranda de Energia II Complementares Comercializadora Distribuída 40.07% 100.00% 100.00% 95.00% 100.00% 100.00% 100.00% 100.00% 100.00% 99.90% 100.00% 81.44%2 CESTE Gralha Azul Novo Estado Ibitiúva Energias Energias Consórcio Tupan Hidropower Assú V Transmissão Umburanas Transmissora Bioenergética Eólicas do Ferrari Eólicas do Campo Largo Estreito Energia Nordeste Ceará de Energia S.A. de Energia Note: 1 Simplified chart for illustrative purpose only. 2 Considering the indirect stake of ENGIE Brasil Energia, through Novo Estado Participações S.A. 11/5/2020 ENGIE BRASIL ENERGIA S.A. RESULTS PRESENTATION 3Q20 10 Key Hydro Thermal Complementary Expansion Transmission 60 power plants operated TAG with own installed capacity of 8,710.5 MW (as from 09/30/2020) 1 DISTRIBUTED SOLAR ~2,800 Km of GENERATION transmission lines Total of 2,566 installed systems, with under implementation 50,405 kWp of capacity 60 plants (as from 09/30/2020) 73% NATURAL GAS Hydro (TAG) TRADING 14% 4,500 Km of pipelines Thermal Start of in the Southeast, Northeast Note: and North regions operations in 2018 1 The transfer of the 40% stake of 13% ENGIE Brasil Part. in Jirau HPP • Stake of 32.5% Complementary to the Company should be examined timely. 11/5/2020 ENGIE BRASIL ENERGIA S.A. RESULTS PRESENTATION 3Q20 11 RELEVANCE AMONG POWER PRODUCERS The Company is part of the largest independent power producer group in the country and is positioned to capture business opportunities. Energy Generation | Proprietary Operating Installed Capacity (MW) Brazil – Existing Installed Capacity2,3 8,711 8,711 CPFL AES ENEL 8,005 CTG 2.6% 2.1% 1.9% 7,678 3.6% Copel 6,908 6,909 6,965 7,027 7,044 7,010 3.8% 6,431 6,472 6,188 5,890 5,918 6,094 Cemig 3.8% Other 4,846 5,036 Petrobras 39.8% 4.1% Itaipu 3,719 3,719 4.3% ENGIE4 1998 1999 2000 2001 2002 2003- 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 3Q20 6.3% 2006 Private Sector – Own Installed Capacity1 (GW) Eletrobras 10.6 Current installed capacity 27.7% 1.9 Installed capacity under expansion5 5.9 Source: Aneel, Companies’ websites and in-house studies.
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