Brazilian Investments Partnerships Program – PPI Scan the QR Code to Access the Projects Portfolio

Brazilian Investments Partnerships Program – PPI Scan the QR code to access the projects portfolio

This is an unofficial translation intended for an overview of the PPI and its portfolio. Please, check the PPI website or contact the Secretariat for updates and detailed information on specific projects.

February, 2021 Brazil in the world

5th largest 9th largest economy: 5th largest population: land area: USD 1.9 trillion GDP 210.1 million people 8,515,767 km²

th 8 largest consumer 4th largest FDI One of the main global market: household destination in 2019: producers and exporters consumption expenditure USD 78.59 billion (44% of of iron ore, soy bean, equals 63% of GDP: Latin America’s total FDI animal protein, coffee, USD 1.2 trillion inflow) machinery and aircraft

USD 1 = BRL 4.35 (February, 2020) Reforms The path for economic recovery

Pension Reform Infrastructure Reform USD 160 billion to be saved in More legal certainty, the next 10 years, limiting transparency and privileges predictability for domestic and foreign investors Administrative Reform Tax Reform Streamlining civil service to Simplifying the tax system bring more efficiency to boost economy Pro-Investment Bills: The path for economic recovery • Law 14026 / 2020 – New Legal Framework for Sanitation • Bill 6407/2013 – New Gas Market • Bill 5877/2019 – Privatization of Eletrobras • Bill 232/2016 – Modernization of the Electric Power Sector • Bill 3178/2019 – Oil and Gas Production-Sharing Agreement (PSA) • Bill 7063/2017 – Concessions and PPPs • Bill 261/2018 – Railways Authorization • Bill 3729/2004 – Environmental Licensing • Bill 4199/2020 – Cabotage • PL 2646/2020 – Infrastructure debentures • Bill on Correios [The National Post] (New) • PL5387/2019 – Currency Exchange Market PPI Council . President and Ministers . Economy Presidency of the Republic . Executive Office . Infrastructure . Mines and Energy Ministry of Economy . Environment . Regional Development . Secretariat of Government PPI Council . Federal Banks . BNDES . Caixa Econômica Federal Special Secretariat of PPI . Banco do Brasil

. The PPI Council President is the Minister of Economy. The Special Secretary serves as the Executive Secretary of the PPI Council. PPI works as a hub for investments

National and international investors Sectorial Sectorial Ministries Unions Adds on efficiency and value to the process Financial Regulatory Agents Agencies (banks, investment . Governance, coordination, funds, etc.) monitoring and oversight

. Transparency, dialogue, Legislative Multilateral credibility and predictability Branch PPI Organizations . Well-designed projects

Control Concessionaries . Technical and legal framework Entities enhancement

Licensing Embassies Entities Subnational Governments PPI in Figures ACCOMPLISHED AUCTIONS/BIDS AND PROJECTS

Accomplished Qualified Concession auctions/bids Investments projects fees/Bonuses and projects USD 148.3 billion USD 28.9 billion 409 202 (BRL 741.7 billion) (BRL 144.5 billion)

USD 1 = BRL 5 (August, 2020) Main deliveries – PPI 2019/2020 2019-2020: 65 auctions/projects concluded

Projected Concession investments fees/Bonuses

USD 97.6 bi USD 19.6 bi

1 USD$= R$ 5 Mining 1 auction 36 Auctions carried out in 2019 Palmeirópolis (Auction 10/21) Oil and Gas Ports Investments: USD 58.6 million 4 auctions 13 auctions Concession Fee: USD 3.44 million 11 Terminals of liquid bulk Regular Offer (Auction 9/10) • 3 in Cabedelo/PB (Auction 3/22) Lotex • 1 in Vitória/ES (Auction 3/22) 1 auction (10/22) Bonus: USD 5.05 million • 1 in Belém/PA (Auction 4/5) Round 16 under the concession agreement (Auction 10/10) • 1 in Vila do Conde/PA (Auction 4/5) Concession Fee: USD 187.9 million • 1 in Santos/SP (Auction 8/13) Highway Bonus: USD 2.04 billion 1 Terminal of paper pulp in Paranaguá/PR 1 auction (Auction 8/3) Petrobras Transfer of Rights Surplus (Auction 11/6) BR-364/365/GO/MG (Auction 9/10) 1 Terminal of Solid Bulk in Santos/SP (Auction Investments: USD 473.5 million 8/3) Bonus: USD 16.07 billion Concession fee: lower toll fee (33% discount) Round 6 Production Sharing Agreement - PSA (Auction 11/7) Investments: USD 241.3 million Airports Concession Fee: USD 187.5 million 12 assets Bonus: USD 1.16 billion 12 airports in 3 clusters (Auction 3/15): Energy . Northeast: Total Bonus: USD 19.3 billion 3 auctions . Recife/PE; João Pessoa ,Campina Grande/PB; Maceió/AL; Total Investments: USD 96.38 billion Generation Aracaju/SE; and Juazeiro do Norte/CE • New Energy A-4 (Auction 6/28) . Midwest: Railway • New Energy A-6 (Auction 10/18) . All in MT: Várzea Grande (Cuiabá), Alta Floresta, Barra do Garças, Rondonópolis and Sinop. Transmission 1 auction . Southeast: • 12 lots of transmission lines North-South Railway (FNS) (Auction 3/18) . Vitória/ES and Macaé/ RJ Investments: USD 625.2 million Investments: USD 3.97 billion Investments: USD 809 million 10 Concession Fee: USD 625.2 million Auction fee: lower power tariff Concession fee: USD 546.3 million 29 auctions held in 2020 Support to subnational level entities (11) Railway (4) Mining (1) Public street lighting (Municipalities) Early extension of Rumo Malha Paulista ______May 27 1st round – ANM available areas November 25 9 auctions Early extension of Ferrovias da Vale (EFVM and EFC) __Dec 18 • Aracaju/SE (FEP): _____August 14 FICO (cross investment)______Dec 18 Pilot round: 168 areas for research. • Feira de Santana/BA (FEP): August 14 Investments: USD 5.11 billion • Franco da Rocha/SP (FEP): August 14 Concession fee: USD 960 million • Belém/PA (FEP): ___November 06 Parks (1) • Sapucaia do Sul/RS (FEP): ______November 06 Highway (1) • Teresina/PI (BNDES): __ February 13 Aparados da Serra (RS) and Serra Geral (SC) Dec 15 • Vila Velha/ES (BNDES): _August 03 BR-101/SC February 21 • Macapá/AP (BNDES): _October 07 • Investments: USD 52,44 million Petrolina/PE (BNDES): ______November 18 Investments: USD 680 million Discount: -62% Investments: USD 187 million Energy (1) Average discount: -56,2% Ports (6) 11 blocks of transmission installation Dec 17 Wastewater (Municipality) 2 Port Terminals in Santos/SP (STS 14 and 14A)____Oct 28 1 auction 2 Port Terminals in Aratu/BA (ATU 12 and 18)_____Dec 18 1 Port Terminal in Paranaguá/P (PAR12)______Dec 18 Investment: USD 1,47 billion • Cariacica+Viana /ES (BNDES): October 20 1 Port Terminal in Maceió/AL (MAC 10)______Dec 18 Discount: -55,24% Investments: USD 163 million Investments: USD 116 million Concession fee: USD 118 million Liquidation of SOE (3) Discount: -38% Oil and Gas (1) CASEMG – Minas Gerais Warehouses and Silos State Water and wastewater (BNDES) Company. Liquidation concluded at October 29. 1 auction 2nd cycle of open acreage in areas for exploitation and CODOMAR – Maranhão Docks State Company. • Metropolitan region of Maceió/AL: October 07 production of oil and gas December 04 Liquidation concluded at September 09. Investments: USD 31 million CEITEC – National Centre of Advanced Electronic Investments: USD 514 million Concession fee: USD 11 million Technology S.A. Liquidation began on December 15. Concession fee: USD 400 million Current PPI Portfolio Current PPI Project Portfolio Ports – 34 Railways– 10 Public Fishery National Parks and Tourism – 7 5 Privatizations 3 concession renewals Terminals – 7 Forests - 21 7 Concessions of national 28 Port Terminals 3 new concessions 7 Fishery Terminals 15 concessions of parks (Lençóis heritage historical sites (CE, MG, ( Belém/PA, Manaus/AM, Aracaju/AL, Maranhenses, Iguazu Waterfalls, PB, PE and SP) 1 Waterway (Licensing) 3 investments in strategic Jericoacoara, Canela, São Francisco Natal/RN, Santos/SP, Cananeia/SP railway networks de Paula, São Joaquim, Brasília, Policies: and Vitória/ES) Defense and Security 1 privatization Chapada dos Guimarães, Serra dos • “Sea road” - Cabotage (PPP’s) - 2 Órgãos, Ubajara, Serra da Bocaina, • TRIIP Airports – 48 Energy – 15 Serra da Capivara, Serra da 1 Air force Bodoquena, Jaú and Anavilhanas) • PPP daycares Communications 2 Transmission Lines Auctions • PPP prisons + correctional 1 Police Communications 38 airports for concession 2 Privatizations (Eletrobras and 6 concessions of forests facilities 8 regional airports Nuclep) (Humaitá, Iquiri, Castanho, Balata– • Universalizing basic 2 rebiddings Transmission Line Manaus-Boa Tufari, Jatuarana and Pau Rosa - AM) sanitation + solid waste Economy – 6 Vista • PPP street lighting 4 Privatizations (ABGF, 7 Licensing Highways – 22 • The “projects factory” EMGEA, Serpro and Dataprev) 12 Concessions 2 Existing Energy Generation (A-4 Mining – 15 2 Lottery (Fixed odds and 2 Feasibility assessments and A-5) 7 CPRM Mining Rights • Tourism 8 ANM Available Areas • UBS (health basic units) Lotex) (8,370 km) 1 Power Generation (isolated 8 Licensing systems) • BidSim – Oil Auctions Oil and Gas – 4 • Strategic minerals Health – 1 H Regional Development – 5 Communications and • Inov@BR • 17th Round under the 1 Assessment (Hospital Technology – 4 Housing concession agreement Fêmina/Porto Alegre) 2 privatizations (CBTU and 3 Assessments for Privatization Shale Gas Fracking (Env. Trensurb) (Telebras, National Post, and Licensing) 2 assessments (PISF and Irecê Open Acreage Supply – 1 basin irrigation) EBC) 202 + 2 Blocks of Transfer o Rights 1 privatization 1 PPP – Belo Horizonte subway Line 2 1 Concession (5G) Projects (Ceasaminas) 15 Policies Public Policies

TRIIP “Sea Road” UBS cabotage Opening market to competitiveness, Alternatives for partnerships for Tourism decreasing ticket prices and improving concessions aiming at building, services Boosting fleet and the naval modernizing, operating, industry, increasing maintaining and improving the Policy for attracting private + 13 million and 416 cities don’t have investments for the tourism access to road transportation competitiveness and fostering management of the Basic Health ports (permit for temporary Units network on municipal duty industry. contracts) Program Revive Brasil

Bidsim Reducing imports of essential Alternative solutions to enable more minerals; searching for PPP prisons efficient public services, quality and Strategic competitive advantages for + effective social reinsertion of Improving methodology for minerals generating trade surplus and correctional prisoners through work and defining technical / exploiting high technology facilities qualification economic standards for oil minerals auctions

Universalizing PPP Supporting regulatory improvement sanitation + daycares and project designing for supplying solid waste Projects in which private partners are PPP public street lighting projects, including in charge of accomplishing works, lighting developing, modernizing, expanding, Coordinating regional level projects design equipping, maintaining and operating energy efficiency, operating and and regional bankable projects that enable daycare units, with service quality maintaining power grid adequate public services to citizens indicators and standards to meet Boa Vista North block II USD 236 million in th Airports Macapá 7 round investments Santarém São Luiz Central Block USD 360 million th Tabatinga Belém 6 round in investments North Block I Manaus Altamira th 6 round Tefé Marabá Imperatriz Natal USD 296 million in investments Carajás Cruzeiro Teresina do Sul Petrolina

Rio Porto Velho Branco Palmas

Goiânia Montes Claros th Campo USD 338 million in 16 Airports (3 blocks) : 7 round Corumbá Grande Uberlândia and Uberaba Block RJ-MG th investments Campinas 7 round Investments USD 1,02 billion Londrina Ponta Porã Santos Dumont and Jacarepaguá Congonhas e th Foz do Iguaçu Campo de Marte 22 Airports (3 blocks) : 6 round Curitiba Bacacheri Navegantes Block SP-MS USD 480 million in Investments USD 1,22 billion Joinville 7th round investments Uruguaiana

2 airports rebiddings: Bagé Pelotas South Block USD 570 million in 6th round investments Natal/RN and Campinas/SP 1 USD$= R$ 5 Airports – 6th round

– NORTH CLUSTER – – SOUTH CLUSTER – – CENTRAL CLUSTER –

Compensation to Compensation to Compensation to USD 33.4 million USD 94 million None Infraero Infraero Infraero

Flexible Flexible Flexible 3.97% (Year 5) 4.76% (Year 9) 0.62% (Year 5) concession fee concession fee concession fee

Minimum flat Minimum flat Minimum flat concession fee USD9.64 million concession fee USD 26.7 million concession fee USD 1.64 million (upfront) (upfront) (upfront)

Technical 1 million Technical 5 million Technical 1 million qualification passengers/year qualification passengers/year qualification passengers/year

1 USD$= R$ 5 Regional airports Amazonas State Barcelos São Gabriel da Main features: Cachoeira • Brownfield Parintins • Investments: estimated at USD 76 million Maués • Concession of a block of 8 airports - Parintins, Carauari, Coari, Eirunepé, São Gabriel da Cachoeira, Barcelos, Lábrea, Maués. Coari Carauari • Common concession (PPP): a concession for the expansion, AMAZONAS maintenance and operation of the airports infrastructure, Eirunepé

helping overcome deficiencies in infrastructure and Lábrea management that hinder the provision of adequate airport services.

General description: The improvement of the airport infrastructure in the Amazonas State will allow further development of a region that lacks adequate means of transportation. Offering all assets to one single operator will reduce the transaction costs for both for the private and the public entities, making it easier to structure the concession model and to audit the services provided by the operator.

1 USD$= R$ 5 Railways Ferrogrão Sinop/MT to Miritituba/PA 933 km Inv.: USD 4.3 billion New (under assessment) Concessions FIOL FCA Ilhéus/BA to Caetité/BA 7,215 km 537 km Inv.: USD 2,76 Inv.: USD 1.08 billion billion Malha Oeste Railways Portfolio 1,973 km Inv.: to be defined MRS USD 15.3 billion 1,686 km • new – USD 5.38 billion Inv.: USD 3.35 Renewals • renewal – USD 8.18 billion billion Investments • privatization – USD 1.74 billion • rebidding – to be defined Rumo Malha Sul 19,815 Km: 7,223 km Inv.: USD 2.06 bi • new – 1,470 km Ferroeste Total Length • renewal – 16,124 km 1,370 km • privatization – 1,370 km Inv.: USD 1,74 bi • rebidding – 1,973 1 USD$= R$ 5 RAILWAYS - FERROGRÃO

Project • Section: from Sinop (state of Mato Grosso) to Miritituba (state of Pará) - 933 km • Concession period: 69 years, extension is prohibited • Auction criterion: highest concession fee amount (USD 3.6 million minimum) • Gauge: 1.60 m • Train type: 3 locomotives and 160 wagons

Financial aspects • CAPEX: USD 1.7 bi (implementation) + USD 2.62 bi (maintenance capex) • OPEX: USD 12.7 bi • Demand: 20.7 mi net tons (2030); 48.6 mi net tons (2060) • Soybean and corn tariff: USD 16.3 / net tons (Sinop-Miritituba) • Total Revenue: USD 35.4 billion (start of operation): • Year 10 revenue USD 400 million • WACC: 11.04% per year (in real terms and net of tax) • Ebitda margin after ramp up: 59% (year 2037)

Social aspects • The railroad route does not overlap with Indigenous Lands or Quilombola communities • The nearest indigenous lands are located at a distance of 4 km (Praia do Mangue) and 7 km (Praia do Índio), in Itaituba • The railway's reference layout does not cross any Conservation Unit • Reduction of USD 3.85 billion in freight costs compared to the highway mode 1 USD$= R$ 5 19 West-East Integration Railway (FIOL)

Section between Ilhéus/BA and Caetité/BA

• Length: 537 km • It will allow the iron ore produced in the Caetité/BA region and the grain output of the West of Bahia to be exported through the South Port, a port complex to be built near the city of Ilhéus/BA. In the future, it will also be possible to establish a connection between the South Port and the North-South Railway (FNS). • Projected investment: USD 1.08 billion • Opex estimated: USD 2.67 billion • IRR: 11.04% • Public notice published on December 16 • Auction scheduled to April 8 2021 BR-135/316/MA 438 km Junction BR-135 (via Pedrinhas) – Junction Itaqui/Bacanga; Access to Tirirical Airport – Junction BR-316(B) (Peritoró); Highways BR-163/MT and BR-230/PA Junction BR-135(B)/MA-020 (Peritoró) – Junction BR-226(B)/343(A) (Div. MA/PI) (Teresina/Timon) BR-158/MT/PA 970 km 1,135 km Section between Sinop/MT and Ribeirão Cascalheira/MT and Miritituba/PA Marabá/PA

BR-153/080/414/GO/TO 850.7 km Section between Anápolis/GO and Alianza do Tocantins/TO

BR-116/493/RJ/MG (CRT) 727 km Section of BR-116/RJ Section between Além Paraíba/RJ and BR-040/MG Concession of 7,238 km BR-381/MG and BR-262/MG/ES - of highways 672 km Section of BR-381/MG between Belo Rebidding Horizonte/MG and Gov. Valadares/MG Section of BR-262/MG/ S between João BR-040/DF/GO/MG – Monlevade/MG and Viana/ES 936.7 km Section between Brasília/DF and BR-040/495/MG/RJ (Concer) R$ 21.28 bi Juiz de Fora/MG Investments 211 km Section between Juiz de Fora/MG and Total Length 18,465.1 km Integrated Highways Rio de Janeiro/RJ of Paraná state – New Concessions 8,308.5 km 3,312 km BR-116/465/101 /SP/RJ (Dutra) 625.8 km Assessments + 8,373 km BR-470/282/153/SC Section between Rio de Janeiro/RJ and São 502 km Paulo/SP Section between Rebidding 1,783.6 km Navegantes/SC and the frontier RS/SC Highways – next auctions (2021)

Highway Length Capex (USD) Auction

BR-153/080/414/GO/TO 850.7 km 1.69 billion 2021/Q2 • Road section between Anápolis/GO and Aliança do Tocantins/TO

BR-163/MT and BR-230/PA 970 km 352 million 2021/Q2 • Road section between Sinop/MT and Miritituba/PA BR-381/MG and BR-262/MG/ES • Road section between Belo Horizonte/MG and Gov. Valadares/MG (BR- 672 km 1.46 billion 2021/Q2 381/MG) • Road section between João Monlevade/MG and Viana/ES (BR-262/MG/ES)

BR-116/465/101 /SP/RJ (Dutra) 625.8 km 2.9 billion 2021/Q3 • Road section between Rio de Janeiro/RJ and São Paulo/SP RODOVIAS INTEGRADAS DO PARANÁ (BR- 153/158/163/272/277/369/373/376/476/PR and relevant state-level 3,312 km 8.74 billion 2021/Q4 highways)

BR-116/493/RJ/MG (CRT) 727 km 1.72 billion 2021/Q4 • BR-116/RJ and Além Paraíba/RJ to BR-040 Santana/AP (1) Vila do Conde/PA (2) Solid bulk Liquid and solid bulk Fortaleza/CE (2) Itaqui/MA (4) Passengers and vegetal bulk Ports Liquid bulk Areia Branca/RN (1) Sea salt Recife/PE (1) Solid bulk Maceió/AL (4) Liquid and vegetable bulk and general cargo

Port of Salvador/BA - CODEBA

Port of Vitória/ES - CODESA Paranaguá/PR (2) General cargo and liquid bulk Port of São Sebastião/SP Ongoing Ports portfolio Santos/SP (3) Investments USD 3.3 billion Solid and fuel/liquid bulk

Portleasings 21 Port of Santos/SP – CODESP Pelotas/RS (1) Port privatizations 5 General cargo Port of Itajaí/SC Ports - Privatizations

Port of Santos/SP (SPA) Port of Itajaí/SC Status: Feasibility assessments Status: Feasibility assessments Delivery and approval of Bidding Notice: : 2022/Q3 Assessments: 2021/Q1 Auction: 2022/Q4 Public Hearing: 2021/Q2 Investments: under assessment Investments: USD 2.1 billion

Port of Vitória/ES (CODESA) Port of São Sebastião/SP Status: Feasibility assessments Status: Feasibility assessments Bidding Notice: 2021/Q3 Bidding Notice: : 2022/Q2 Auction: 2021/Q4 Auction: 2022/Q3 Investments: USD 320 million Investments: USD115 million

Ports of Salvador, Aratu- Candeias and Ilhéus (CODEBA) Status: Feasibility assessments Bidding Notice: 2022/Q3 Auction: 2022/Q4 Investments: under assessment Fishery Terminal in Fishery Terminals Manaus (AM)

A Public Fishery Terminal (PFT) is the structure Fishery Terminal in necessary for fish handling and storage activities, Belém (PA) trading post, fish processing and support for vessel navigation. Fishery Terminal in Making PFTs operational is crucial for the provision of Natal (RN) an adequate phytosanitary environment needed to further developing the fish industry. Fishery Terminal in Cabedelo (PB)

The PFT area can include facilities such Fishery Terminal in as anchorages, docks, wharves, berths Aracaju (SE) and piers, cold storage warehouses, and infrastructure for waterway access Fishery Terminal in and protection. Vitória (ES) Fishery Terminals in Santos and Cananeia (SP) Fishery Terminals

Qualification for Public TCU* Bidding Assessments Auction Contract PPI Hearing Approval Notice

Completed Completed Completed Completed Completed Cabedelo (PB) 1/28/2021 Q1/2021 (2/18/2020) (5/11/2020) (6/11/2020) (11/18/2020) (12/2/2020)

Belém (PA) Completed In progress Q4/2020 Q1/2021 Q2/2021 Q2/2021 Q3/2021 Manaus (AM) (2/18/2020) (Q4/2020 )

Natal (RN) Aracaju (SE) Completed Vitória (ES) Q4/2020 Q1/2021 Q2/2021 Q3/2021 Q4/2021 Q1/2022 (6/10/2020) Santos (SP) Cananéia (SP)

TCU: Portuguese acronym for the Brazilian Federal Court of Accounts Mining Limestone - Aveiro/PA Kaolinite - Rio Capim/PA

Gypsum – Rio Cupari/PA Phosphate - Miriri/PB/PE

Diamond – Santo Inácio/BA

Copper - Bom Jardim/GO

2nd Round of ANM Available Areas: 7,000 areas Mining legal rights Auction notice publisehd on December 20, 2020 Investments USD 278 million Proposals can be sent until March 1st, 2021 e-Auction: between March 8th -15th, 2021 Results: March 29, 2021 + 8 rounds of ANM available areas Coal - Candiota/RS Oil and Gas 17th Round Transfer of rights

Potiguar Basin

Data Capacity 92 blocks (offshore) Potiguar, Campos, Santos and Basins (4) Round 17 Pelotas Campos Basin Auction (scheduled) October 7 2021 Transfer of rights Blocks (2) Sépiaand Atapu Santos Basin Expected Investments Transfer of USD 29 billion (CAPEX + OPEX) Rights Pelotas Basin Auction (planned Q2/2021 schedule) Electric Power

Energy portfolio (USD) License + Implementation of the Transmission 360 mi Line Manaus – Boa Vista Existing Energy Generation (A-4 and A-5) 1,88 bi*

Energy generation to isolated systems Tbc 1st auction of transmission installation 2021 200 mi

2nd auction of transmission installation 2021 260 mi Transmission auction 2021 Total 2,7 bi Transmission Line Manaus/AM - Boa Vista/RR * Projection based on the replacement of 100% of the contracts due in 2024 and 2025, Generation to Isolated Systems through greenfield plants Privatization/Capitalization – Eletrobras - Brazilian Power SOE

. Power generation capacity: 51,143 MW . Generators (total): 125 plants (58 Corporate and 67 SPEs) . Hydropower : 46,259 MW . Nuclear Power: 1,990 MW . Thermal power (other technologies): 1,870 MW . Wind and Solar: 1,025 . Transmission Lines: 71.154 km (64.894 km, voltage > 230 kV) . Direct and indirect shareholding of the Brazilian Government . CS – 72.22% o Features: holding comprising Eletrobras CGT Eletrosul; Eletrobras . PS – 6.52% Chesf; Eletrobras Eletronorte; Eletrobras Eletronuclear; Eletrobras Furnas; and direct and indirect shareholding in 136 Special . Total – 61.69% Purpose Vehicles (SPVs). (Source: Eletrobras Financial Statements – 2019) o Grantor: Ministry of Mines and Energy . Status: Awaiting bill 5877 / 2019 approval o Bill 5877/2019 establishes guidelines for privatization by capitalization o Privatization model: increase in share capital through public subscription of common shares, without the Federal Government's participating in this subscription Auction on 5G technology • Grantor: ANATEL Most important auction on radio frequency spectrum ever held • in Brazil, due to the amount of spectrum to be offered – four Preliminary investment estimates + concession fees: USD 4 billion times the total currently available for mobile networks in the country – and the diversity of options, as the spectrum will be • Expected date for the auction: Q2/2021 made available in four different frequency bands. • Public Hearing concluded in April 17, 2020 • Next steps: Technical Pricing Assessment of the object and commitments of the bidding notice in progress Alta700 cobertura MHz Baixa2,3 cobertura GHz Baixa3,5 cobertura GHz Baixíssima26 cobertura GHz and baixa20 MHz and alta90 Capacity MHz and alta400 Capacity’ MHz and altíssima3200 MHz Capacity • Contract Term: 20 years (with the exception Capacity of the 700 MHz band with a term until Wide coverage Low coverage and Low coverage4x andTudo Very que low existe coverage disponível and and low capacity high capacity high capacity parathe serviços highest móveis capacity 12/08/2029 and an extension under the terms in force at the time) Everything available for 4x mobile services Preliminary estimates: PrivatizationsUSD 10 billion Assessments FEDERAL PRIVATIZATIONS – PERSPECTIVE: USD 12.5 Billion

4Q20 1Q21 2Q21 3Q21 4Q21 2022

AUCTIONS - PRIVATIZATIONS

LIQUIDATIONS

SALE OF SHARES / DELIVERY OF QUOTAS TO THE FEDERAL GOVERNMENT The National Post Service

Biggest employer 11,177 post offices USD 3.6 billion company in Brazil Located in almost every city in 2018 Net Revenue More than 90,000 employees Brazil

Status: assessments in progress aiming at evaluating alternatives for partnering with the private sector - Draft bill to enabling delegation of powers to private partner(s) operate postal services Privatization – Trensurb (Urban Trains Company of Porto Alegre S.A) . Brownfield project . Extension : 43,8 Km of operating lines . CAPEX projected investments: USD 70 million for requalification . OPEX projected investments: to be defined . Contract period: 25 years. . Auction criteria: to be defined . IRR: to be defined o Object of the concession: public passenger transport services . Lease / concession / consideration value/ etc: to be defined in the State of Rio Grande do Sul . Public Guarantees: to be defined o Model: Privatization . Capacity: 228,000 pax / day o Structurer: BNDES . Status: under assessment o Grantor: State of Rio Grande do Sul . Bidding auction expected for Q3/2021 o Sector Ministry: Ministry of Regional Development . Auction session expected for Q4/2021 o Regulator: Metroplan Privatization – CBTU (Brazilian Company of Urban Trains)

. Brownfield project . Extension: 220,8 Km of operating lines . CAPEX projected investments: USD 400 million for requalification . OPEX projected investments: to be defined . Contract period: 25 years. . Auction criteria: to be defined . IRR: to be defined o Object of the concession: public passenger transport services . Lease / concession / consideration value: to be defined in the States of Alagoas, Minas Gerais, Paraíba, Pernambuco . Public Guarantees: to be defined and Rio Grande do Norte . Capacity: 567,000 passengers / day o Model: Privatization . Status: under assessment o Structurer: BNDES . Bidding auction expected for Q3/2021 o Grantor: above-mentioned States . Auction session expected for Q4/2021 o Sector Ministry: Ministry of Regional Development o Regulator: respective States’ Regulatory Agencies Concession of Subway Line 2 - Metropolitan Region of Belo Horizonte . Greenfield project . Extension : 10,5 Km of operating lines . CAPEX projected investments: USD 310 million . OPEX projected investments : to be defined . Contract period: 25 years. . Auction criteria: to be defined . IRR: to be defined o Object of the concession: public passenger transport services . Lease / concession / consideration value: to be defined o Model: Concession . Public Guarantees: to be defined o Structurer: BNDES . Capacity: 50,000 passengers / day o Grantor: State of Minas Gerais . Status: under assessment o Sector Ministry: Ministry of Regional Development . Bidding notice expected for: Q3/2021 o Regulator: State of Minas Gerais . Auction session: Q4/2021 National Parks (13) Serra da Capivara National Park (PI) Lençóis Ubajara National Maranhenses Park (CE) National Park (MA)

Jericoacoara National Park (CE) Jaú National Park (AM)

Anavilhanas National Park (AM) Brasília National Park (DF)

Serra da Bocaina National Park (RJ) Chapada dos Guimarães National Park (MT) Serra dos Órgãos National Park (RJ)

São Joaquim National Park (SC)

Serra da Bodoquena National Park (MS) Iguazu Falls - Foz do Iguaçu National Park (PR) Concession of Forests for recreational activities

Brasília (DF)

Canela (RS)

São Francisco de Paula (RS) Hiring Public Federal Court Bidding Project Assessments Auction assessments Hearing of Accounts Notice

Aparados da Serra and Serra Geral

Canela

São Francisco de Paula

São Joaquim

Brasília

Foz do Iguaçu

Jericoacoara Accomplished

In progress Lençóis Maranhenses Concession of forests Brazil has the largest tropical forest and the The concession projects of National Forests 2nd largest forest area of Iquiri, Humaitá, Balata-Tufari, Jatuarana, Gleba Castanho in the world Pau-Rosa and Gleba Castanho, all in the State Pau-Rosa of Amazonas, have been qualified by the PPI Council as national priorities. Jatuarana Balata-Tufari Payments to the Federal Government by the concessionaires are destined to the states Iquiri Humaitá and municipalities where the forests are located, to the National Fund for Forestry Development and to ICMBio - Chico Mendes Institute for Biodiversity Conservation.

Computerized system for managing concession contracts. Procedural manuals for sustainable management.

Greater preservation of forests, less deforestation, less fires, greater control and a better fight against illegal activities. The Stages of a Forest Concession National Heritage Sites Fort Nossa Senhora dos Remédios The Forts of Nossa Senhora dos Remédios and and Aldeia dos Sentenciados Orange, located in the State of Pernambuco; the Palace Carvalho Mota Fernando de Noronha (PE) Fortress of Santa Catarina (PB) and the Farm Pau Fortaleza (CE) D`Alho (SP) were qualified in PPI portfolio for concession of their usage/management, under the policy for attracting private investments in the tourism sector.

These projects will be pilots of Fortress of Santa Catarina the so-called Program “Revive Brasil”, João Pessoa (PB) part of a Brazil-Portugal cooperation protocol signed by the Ministry of Tourism, and whose objective is the concession of vacant historical/cultural heritage sites. Fort Orange Ilha de Itamaracá (PE) Farm Pau D’Alho Campinas (SP) Old train station in Diamantina (MG) PISF – Project for integrating São Francisco river into the water basins in the north part of the Northeast region of Brazil (NE)

. Features: Assessments for modeling a partnership for the operation and maintenance of the raw water supply infrastructure, aiming to ensure water security for the beneficiary states. Its main use is human supply and animal drinking, with other uses being admitted. It benefits 12 million people in four States (CE, RN, PB and PE) and 390 cities. The North Axe has 96% of accomplishment and the East Axe 98%. . Object of the assessments: Operation and maintenance of 477 km of channels; 9 pumping stations; 27 reservoirs in the axes; 4 tunnels; 14 aqueducts; 9 230 kV substations; Installed power 100.5 MW; annual consumption of 709 GWh; Estimated energy consumption 58,300 MWh/month. Pumping operational capacity of 38 m3/s and average annual flow granted: 26.4 m3/s.

. Model: Common or sponsored concession . Brownfield project (under assessment) . Executed CAPEX Investments : USD 2.4 billion . Structurer: BNDES with MDR, ANA, SPPI and . Projected CAPEX investment: USD 360 million SDI/Ministry of Economy. . Projected OPEX Investments: USD 100 million/year . Grantor: Brazilian Federal Government . Contract period: 35 years . Sector Ministry: Ministry of Regional . Auction criterion: to be defined Development - MDR . Public Guarantees: Infrastructure Guarantee Fund - FGIE . Regulator: ANA and FPE States . Regulation: Mechanism defined in the . Status: fase 1 assessments completed in February 2021 concession contract . Bidding: Q3/2021 Irecê basin irrigation perimeter (BA)

. Features: Assessments of alternative partnerships for concession aimed at harnessing the hydro- agricultural potential of the area. Comprises investments for implementing, operating, maintaining and improving management. Project surface: 47,924 hectares for irrigation in the cities of Xique-Xique and Itaguazu, central region of the state of Bahia - São Francisco river basin. . Object of the assessments: Exploiting irrigated agriculture in order to accomplish infrastructure works (channels and water pumping stations) in the area of Stages 2 to 9, and operating and maintaining the entire project`s infrastructure for Shared Usage (Stages 1 to 9). Production potential: 16,000 tons of fruit and 83,000 tons of grains per year, only in Stages 1 and 2, with estimates of generation of 120,000 direct and indirect employments (9 stages). Estimated Annual Gross Production Value: USD 202 million/year.

. Model: Concession of right of use . Executed investments: USD 240 million (Pumping . Structurer: Codevasf/MDR/PPI. Station of 10.5 m³/s and 42 km of channels) . Grantor: BR Government/Codevasf . Projected CAPEX investments: USD 140 million . Sector Ministry: Ministry of Regional . Contract term: 35 years Development - MDR . Auction criterion: highest concession fee . Regulator: None . Status: Public consultation . Regulation: Mechanism defined in the . Auction: 2021 concession contract Integrated Communication Network of the Brazilian Air Force Command - PPP

. Features: The Air Force Telecommunications Network covers the entire Brazilian airspace (territorial waters included), an area of 22 million km2

. Object of the concession: designing, installing, updating, expanding, operating, managing and maintaining a communications, control and management infrastructure for the Operational Network, Administrative Network, Corporate Network, Telephone Networks, Aeronautical Command Network, Tariff System Data Link, International Links, Network Management Center and Security Management Center integrated through an administrative concession contract.

. Brownfield project . Projected CAPEX investments : USD 308 million . Projected OPEX investments : USD 448 million . Model: Administrative Concession . Contract term: 25 years . Structurer: Committee for the Implementation of the Airspace . Auction criterion: lowest consideration value per month Control System - CISCEA, with support of FIA - USP. . Maximum consideration per month: USD 3.5 million . Grantor: Federal Government/ CISCEA . Public Guarantees: Infrastructure Guarantee Fund - FGIE: value of . Sector Ministry: Ministry of Defense - Air Force Command 6 monthly consideration installments; . Regulator: None . Status: revised assessments expected for Q1/2021 . Regulation: Mechanism defined in the concession contract . Auction: Q4/2021 PPP – Critical Digital Radio Communication for Defense and Public Security

. Features: Assessments for Modeling the National System for Integrated Critical Digital Radio Communication for Defense and Security of the Federal Government, States, the Federal District and Municipalities. Establishment of a single operator for a national integrated LTE radio communication network, with service levels, availability and encryption compatible with the requirements of the Public Security and Armed Forces. . Object of the assessments: Structuring a high capacity trunk backbone network, public and private, for signal transport and convergence of technology and secure communications protocols for critical missions. It must be capable of connecting different technologies and integrating security forces of the Federal Government, States and Municipalities, as well as the Armed Forces, involving common applications. It may include end-use equipment. Diversity of applications and technological transition in an interchangeable platform for data services. It reaches the entire national territory and security and defense organizations using digital radio communication for voice and data traffic on secure and exclusive frequencies, with infrastructure to be shared with other public or private uses with converging standards. Investment made by the Ministry of Justice and its subsidiary bodies of USD 465 million in its own network and equipment.

. Model: Public-Private Partnership of the BR Federal . Projected CAPEX investments: USD 400 million Gov jointly with subnational level entities . Projected OPEX investments: to be defined . Structurer: Assessments to be hired by BNDES, . Public Guarantees: Infrastructure Guarantee Fund – FGIE together with MJSP, MD, MCTIC and SPPI. . Status: definition of requirements . Grantor: the Federal Government . Completion of assessments: to be defined . Sector Ministry: Ministry of Justice and Public . Auction: 2021 Security - MJSP . Regulator: None . Regulation: Mechanism defined in the concession contract Fêmina Hospital in Porto Alegre, State of Rio Grande do Sul

. Features: Assessments of partnership alternatives aiming at modernizing and improving public services of a new specialized hospital care unit in an area of the “Conceição Hospital Group”, in the city of Porto Alegre, State of Rio Grande do Sul. The initiative involves designing, constructing, installing, maintaining and operating health support services in a new location. Fêmina Hospital, a reference in women’s care for the Metropolitan Region of Porto Alegre, has been in operation since 1956. It has 12,300 m2 of built area, 166 beds and 917 workers. In 2018, the unit performed 126,000 medical consultations, 9,000 hospitalizations, 6,400 surgeries and 2,100 deliveries. The new unit should involve expanding the service, as well as improving the quality of service provision. . Object of the assessments: alternative partnerships to adapt current structures, as well as constructing, renovating and expanding facilities and improving services management.

. Model: Public-Private Partnership . Greenfield project . Structurer: Assessments under analysis by BNDES . Projected CAPEX Investments: USD 30 million . Grantor: the Federal Government . Projected OPEX Investments: to be defined . Sector Ministry: Ministry of Health . Contract term: to be defined . Regulator: None . Auction criterion: to be defined . Regulation: Mechanism defined in the concession . Status: Requirements definition contract . Bidding: 2021 . Public Guarantees: Infrastructure Guarantee Fund – FGIE Environmental Licensing

• Brazil is the most biodiverse country on Earth and that implies a major responsibility. • Brazil has a strong legal framework, which comprises a specific chapter about environmental licensing enshrined in the 1988 Federal Constitution. • Even before the Constitution, Brazil had already established an Environment National Policy (1981), which is still in force. • The main purpose of this policy is making social, economic development compatible with preserving environment quality and ecological balance. • Environmental licensing is the main control mechanism in the Brazilian legislation and is required for carrying out any activity that, effectively or potentially, could result in environmental degradation. Tocantins Waterway Rock Supporting Dredging environmental Highway BR-319/AM/RO Highway Highway licensing and BR-235/PE BR-242/MT Highway expropriation BR-158/MT Highway Highway BR-174/RO/MT BR-135/BA/MG Shale Gas Fracking Highway • site to be defined Highway BR-080/MT BR-135/MG Hydropower Plants • Castanheira – MT • Telêmaco Borba – PR • Tabajara – RO • Bem Querer – RR • Formoso – MG • Ercilândia – PR • Aparados - PR PPI projects for supporting subnational level partnerships Current PPI pipeline for supporting subnational level projects

Public Lighting – 18 Sewage – 6 Solid Waste - 4 Daycares - 2

FEP (cities): 15 FEP (3 cities): FEP (4) 2 PPP’s • • Crato/CE • Teresina/PI Teresina/PI (40 units) • Nova Lima/MG • Cachoeiro do • • Volta Redonda /RJ • Cities cluster Convale/MG State of Alagoas (67 units) • Campinas/SP Itapemirim/ES • São Gonçalo do Amarante/RN (Uberaba, Conceição das Alagoas, • Patos de Minas • Camaçari/BA Sacramento, Delta, Planura, Campo Prisons - 2 • Toledo/PR • Barreiras/BA BNDES (3 states): Florido, Veríssimo and Água Comprida) • • Corumbá • Alagoinhas/BA State of Rio Grande do Sul • Bauru/SP 2 PPP’s • • Valparaíso de • Itanhaem/SP State of Ceará • Cities cluster Comares/CE • State of Rio Grande do Sul • Goiás/GO • Ariquemes/RO State of Bahia (Altaneira, Barbalha, Caririaçu, Crato, • State of Santa Catarina Farias Brito, Jardim, Missão Velha, Nova • Crato/CE • Nova Iguaçu/RJ Olinda and Santana do Cariri) • Colatina/ES Correctional facilities- 2 Water, Sewage and Solid Urban Water and Sewage Treatment Waste Treatment Supply - 1 Supply - 6 2 PPP’s • State of Minas Gerais BNDES (cities): 3 BNDES (6) • State of Santa Catarina FEP (1 city) • State of Rio de Janeiro • Curitiba/PR • Jaboatão dos • São Simão/GO • Guararapes/PE State of Acre • Caruaru/PE • State of Amapá • State of Paraíba 44 Urban Drainage - 2 • State of Minas Gerais Projects • Porto Alegre/RS (city) FEP (cities) • Porto Alegre/RS Hospital – 1 H • Teresina/PI Guarulhos/SP: Municipal Hospital of Children and Teenagers (HMCA) The challenge of universalizing basic sanitation

Goals USD 151 • In Brazil, a population equivalent to that BILLION IN of Canada has no access to clean water INVESTMENTS • More than 100 million Brazilians have no UNTIL 2023 access to wastewater treatment • Enhancing private partnerships USD 51 USD 100 NORTH MIDWEST SOUTH SOUTHEAST NORTHEAST subnational level bodies (an estimate of BILLION OF BILLION IN DEPRECIATION EXPANDING USD 9 USD 10 USD 18 USD 35 USD 28 USD 150 billion in investments ) THE SYSTEM BILLION BILLION BILLION BILLION BILLION

• Structuring bankable projects to provide WATER WATER WATER WATER WATER WATER USD 29 USD 3 USD 3 USD 4 USD 11 USD 9 proper services to Brazilians BILLION BILLION BILLION BILLION BILLION BILLION WASTEWATER SEWAGE SEWAGE SEWAGE SEWAGE SEWAGE USD 71 USD 6 USD 8 USD 14 USD 24 USD 19 BILLION BILLION BILLION BILLION BILLION BILLION Fonte: ABCON SINDCON Basic sanitation projects State of Amapá 02 2 million Under assessment Urban drainage (not to add) State of Projects Benefited citizens Projected Ceará São Gonçalo Capex+ Opex - Total do Amarante Teresina Municipal solid 04 2 million waste USD 660 million Consortia Crato State of (pilot projects) Projects Benefited citizens Projected Comares Paraíba Capex+ Opex - Total 05 548,000 State of Acre Basic sanitation USD 600 million Projects Benefited citizens Projected Capex+ Opex - Total São Simão State of million Consortia Minas Gerais 02 6,1 USD 2.3 billion Convale Wastewater Projects Benefited citizens Projected investments - Total Bauru State of Volta Redonda Rio de Janeiro Urban drainage - FEP 06 16,5 million USD 7.4 billion Water and wastewater Urban solid waste - FEP Projects Benefited citizens Projected investments - Total Basic sanitation - FEP Water distribution and Porto Alegre sewage - BNDES Total 19 Projects million billion State of 25.1 USD 11 Sewage - BNDES Rio Grande do Sul Banco de serviços: destaqueSanitation para saneamento projects - FEP

São Gonçalo Consortia Consortia São Volta Porto Bauru/SP Teresina/PI Crato/CE do Amarante/ Teresina/PI Convale/MG Comares/CE Simão/GO Redonda/RJ Alegre/RS RN

Concession Business Concession Concession Concession Concession MSW, water Concession Concession Concession Concession Concession Model MSW MSW MSW MSW and wastewater wastewater wastewater drainage drainage wastewater Entitled 376,000 865,000 424,000 343,000 20,000 132,000 273,000 102,000 860,000 1.13 million Population

Projected USD 23.6 mi USD 45 mi USD 26.4 mi USD 10 mi USD 10 mi USD 38.2 mi USD 64 mi USD 24 mi - - Investments

Auction Auction Auction Auction Auction Auction Auction Auction Auction Auction Auction data Q1 2021 Q2 2021 Q1 2021 Q2 2021 Q2 2021 Q1 2021 Q1 2022 Q4 2021 Q1 2022 Q2 2022 For more information: https://www.ppi.gov.br/Projects-concessoes-e-parcerias

Beneficiary population Total projected investment 4.5 million USD 240 million BNDESBanco de pipeline serviços: destaque of projects para saneamento on sanitation Alagoas RM Cariacica / Porto Alegre Alagoas – Rio Grande Minas Rio de Janeiro Amapá Acre Ceará Maceió ES / RS Blocks B&C do Sul Gerais Full Concession Concession Concession of Full Concession concession of water Business of water Sewage PPP water concession of water To be of water and/or Sewage PPP Sewage PPP Model distribution distribution of water and/or defined and sewage sewage and sewage and sewage and sewage sewage

Beneficiary 1.3 million 423.000 13.114mi 742.000 629.000 1,479 mi 1,220 mi 1,890 mi 4,173 mi 11,600 mi Population

Projected To be USD 520 mi USD 116 mi USD 6.2 bi USD 624 mi USD 288 mi USD 435 mi USD 551 mi USD 600 mi USD 1,7 bi Investments defined

Auction To be expected Q1/21 Q1/21 Q1/21 Q2/21 1T2022 2T2021 4T2021 defined date Preparing Preparing Signature of Signature of Updating Preparing Current the the PPP Bidding notice Public the public the public Under Under the for stage concession contract Q4/20 consultation consultation consultation assessment assessment contract (BRK) (AEGEA) assessment assessment Benefited population Total projected investment Under preparation: +36 million USD +10 billion Bahia, Paraíba and Rondônia For more information: http://saneamento.bndes.gov.br/ FEP – PROJECTS IN THE PIPELINE

URBAN DRAINAGE 2 2.2 million 2 To be defined Benefited projects citizens Cities

STREET LIGHTING 15 4 million 14 220 million Total Capex + opex projects Cities Benefited citizens foreseen

URBAN SOLID 04 2 million 19 660 million WASTE (PILOT Total Capex + opex projects Benefited citizens Cities PROJECTS) foreseen

BASIC 04 528,000 04 600 million SANITATION Total Capex + opex projects Benefited citizens Cities Urban Drainage foreseen Street Lighting Total 25 projects 8.7 million 35 1.48 billion Sewage Environmental Sanitation

PARTNERS Projects in Municipalities – FEP – Street Lighting

UF Municipalities % executed Auction date BA Alagoinhas Not started Projects Benefited population RO Ariquemes Not started 17 5,6 mi BABarreiras 11 2021 Municipalities CAPEX OPEX PABelém* 98 2020 ES Cachoeiro de Itapemirim 78 2021 17 USD 146,4 mi USD 128,6 mi BACamaçari 68 2021 SPCampinas* 90 2020 Project preparation guidelines ES Colatina Not started • Administrative PPP MSCorumbá 33 2021 • Scope: modernizing, expanding, operating and running the power grid CE Crato 18 2021 • Energy efficiency and less impact in the environment RJ Nova Iguaçu Not started • Short-term investments, up to 3 years MGNova Lima 65 2021 • Remote management (main streets) MG Patos de Minas 62 2021 RS Sapucaia do Sul* 99 2020 Supporters: Executor: GO Senador Canedo Not started PRToledo 47 2021 GO Valparaíso de Goiás 9 2021 2nd Public Call for Street Lightening: * Projects supported by IFC/Banco Mundial - Disclosed results: 46 cities and 10 qualified consortia Projects auctioned on 06/November/2020 Public lighting FEP projects FEP in the post public consultation phase

Projected Number of Term Projected Max. consideration % of remote Population CAPEX OPEX lighting points Efficiency goal (years) (BRL million/ year) management USD million USD million (in thousands)

Campinas/SP 1,204,073 13 31.1 20.1 7.9 150 25% 65%

Cachoeiro do 208,972 13 6.6 8.4 1,4 17 23,5% 39% Itepemirim/ES

FEP Projects for handling of Municipal Solid Waste after Public Consultation

Household Projected Projected Term Waste Type of User billing Population CAPEX OPEX Scope (years) Generation concession method USD million BRL million (t / day) 1. Collection, transhipment, transport, treatment and final Common Tariff, co-billed 30 26.5 destination of solid household 322 Convale/MG 424,676 167.6 with the water waste; and Concession 2. Environmentally appropriate bill final disposal of public urban waste Street Lighting - BNDES Jaboatão dos +234 thousands modernized light points Guararapes +2.9 million beneficiary population 43 th. 703 th. Images legend

Spots

Population Curitiba Caruaru 163 th. 31 th. 1.9 M Chart legend 350 th.

Ongoing projects

Prospecting cities

490m Data presented in this chart are estimated, thus they shall not be considered as definite figures. 1.4 M Public lighting – BNDES

Porto Jaboatão dos Teresina Vila Velha Macapá Petrolina Caruaru Curitiba Contagem Alegre Guararapes (PI) (ES) (AP) (PE) (PE) (PR) (MG) (RS) (PE)

Beneficiary population (thousands) 1400 800 490 400 340 350 1900 664 702 Modernized light points (thousands) 105 87 35 40 35 31 163 55 44 Total Capex (USD million) 52 53264 22 20 18 16 66 16 22 Concession term (years) 20 20 20 20 20 20 23 20 20 Project phase Contract signed Auction held Under assessment Hiring in progress Projected energy saving (%) 46 51 50 47 48 +590,000 modernized light points Auction date 08/29/19 06/05/19 08/03/20 08/29/19 11/19/20 +7+ million 590 milbeneficiaries pontos de luz modernizados Auction bidders 8 7 11 5 8 +USD+ 7 milhões 280 million de pessoasin projected beneficiadas + R$ 1,4 bi de investimentos estimados Discount (%) 46 46 62 61 67 investments Contract signature date 06/17/20 07/16/20 10/20/20 PUBLIC CALLS AND PILOT PROJECTS – FEP CAIXA

Street Lighting Basic Sanitation Pilot projects Bidding Notice Dec/2019

Municipal Solid Waste Drainage Enrollment closed 6/March/2020 Enrollment closed City of Teresina/PI – hired in 15/July/2020 Aug/20 65 enrolled municipalities 41 enrolled consortia 46 qualified municipalities City of Porto Alegre/RS – hired in Sep/20 15 enrolled consortia 23 qualified consortia Correctional Facilities / 10 qualified consortia beneficiary population UNOPS Beneficiary Population: 9,9 Million State of Minas Gerais – 10.6 Million (municipalities) hiring in progress 1.9 Million (consortia) State of Santa Catarina – hiring in progress Ref. 15/01/2021 PPP FEP AUCTIONS (2021 SCHEDULE PROJECTION) Preliminary Assessments Legislation Amendments Public Consultation Auction notice publication Auction session Feira de Santana/BA

Aracaju/SE

Franco da Rocha/SP

Belém/PA

Nova Lima/MG*

Sapucaia do Sul/RS

Campinas/SP

Camaçari/BA

Cachoeiro do Itapemirim/ES

Patos de Minas/MG

Toledo/PR

Corumbá/MS

Crato/CE Barreiras/BA

Valparaiso de Goiás/GO

Teresina/PI

Convale/MG

Bauru/SP

Comares

Crato/CE

São Simão/GO

São Gonçalo do Amarante/CE

Volta Redonda/RJ Banco de serviços: destaquePublic para Securitysaneamento and Education

Rio Grande do Alagoas Teresina/PI Santa Catarina Minas Gerais Santa Catarina Sul

Juvenile Juvenile Daycare centers Daycare centers Area Prisons Prisons Correctional Correctional (67 units) (40 units) facilities facilities

Business Model PPP PPP PPP PPP PPP PPP

Benefited 17,000 children 27,000 children 3,000 places 1,125 places Tbd Tbd population

Projected 63 million 40 million 40 million 14 million 7 million 7 million investment USD

Auction Next steps Auction Q3/2022 Auction Q2/2022 Auction Q2/2022 Auction Q2/2022 Q2/2022 Auction Q2/2022 Subnational level partnerships – States prison systems

o Greenfield and brownfield projects: . Santa Catarina: new prison complex comprising a new jail with capacity for up to 600 prisoners and medium security penitentiary(ies) with capacity between 1,800 and 3,300 prisoners, considering in this total the 806 vacancies in the Blumenau Industrial Penitentiary o Policy objectives: alternative solutions to enabling the . Rio Grande do Sul: new detention center comprising medium provision of public services with greater efficiency and security prison(s) with a total capacity for up to 1,125 prisoners, in quality, resulting in an effective resocialization of prisoners the city of Erechim through working and learning activities. o Contract term: up to 35 years o Object of the concession: construction, maintenance and o Main modeling assumptions: under assessment operation of prisons. o Consultancy in charge of assessments: consortium led by PwC (under o Model: administrative concession approval) o Structurer: BNDES and BID o Status: contracting consulting firm in charge of studies o Grantor: states of Rio Grande do Sul and Santa Catarina o Responsible Ministry: Ministry of Justice o Regulator: states’ public security secretariats Juvenile correctional facilities*

• Pilot projects under designing: SC and MG

• CAIXA and the UN Office for Project Services are working together with PPI for designing those PPPs

• The private partner will be responsible for constructing, maintaining and operating, up to 35 years, with quality services milestones, including training and skills development.

In Brazil, these facilities are destined for people under 18, which is the legal age of majority/criminal responsability. Supporting Subnational Level Partnerships Daycare units • PPI, the Ministry of Education and BNDES are prospecting states and municipalities for Pilot Projects of PPPs in daycare units • 2 pilot projects selected: city of Teresina/PI (40 unities) and State of Alagoas (67 unities). • Private partner is responsible for accomplishing the civil works, equipping, maintaining and operating, up to 35 years, with standards to meet in quality of service. • Public partner is responsible for pedagogical planning, selection of children to be served, monitoring and inspection of contracts and goals. The Children’s Hospital in Guarulhos-SP • Features: Assessing alternatives for PPPs aiming at building, equipping, operating, maintaining and providing clinical and non-clinical services in the Healthcare Specialized Unit of municipal duty. • Object of the concession: A PPP for a new hospital will be designed, under the administrative concession model, which will replace the current service provided in the Municipal Hospital Municipal of Children and Teenagers (HMCA). It will be built in an area provided by the City Hall, allowing not only an increase in the number of beds but also undertaking an architectural proposal in line with more quality and efficient hospital services. As for the new envisaged services, it is worth highlighting: hospital admission, hospital assistance, immediate care, 24h emergency room, outpatient care, diagnosis and therapeutic support (internal), diagnosis and therapeutic support and medical specialties (external), elective surgeries and other not aforementioned services that might meet the City Hall future requirements.

Assessments: Structurer - BNDES Model: PPP under the administrative concession model Grantor: City level Body: Guarulhos (SP) City Hall Public Guarantees: Under assessment Contract Term: to be defined Current stage: Studies under development Assessments to be accomplished: First half 2022 Bidding Notice: Second half 2022 Supporting Subnational Level Partnerships Primary health care – Basic Health Units (UBS) • Assessments of alternative partnerships for concession aimed at constructing, modernizing, operating, maintaining, managing and improving the Basic Health Units system of municipal competence. Basic Features: • Primary Health Care is present in all states of the Brazilian Federation. All over the country there are 42,893 family Health Teams deployed in 5,475 municipalities, with a goal to expand to 50,000 teams by 2023. The current network of UBS has 33,006 unities, of which 3,987 are constructions in progress or to be executed, and 3,157 are construction at a standstill or with signs of being so (February/2020). Object: • Provision of primary health care services in which the private partner is responsible for completing the works / construction, equipment, maintenance and operation, for up to 35 years, with service levels as well as performance and quality indicators. The Public Partner is responsible for planning, monitoring and enforcing contracts and performance targets. Currently under prospection of pilot projects. Assessments: Under analysis Model: Municipal Public-Private Partnership (or through a consortium of municipalities) Grantor: Municipality or Public Consortium Body: Ministry of Health Public Guarantees: Infrastructure Guarantee Fund - FGIE Stage: Assessments / Requirements definition Next steps

February, 2021 Auctions 2021 2021 (129 assets) – USD 76,6 billion in projected investments th Port Terminals (19) Airports – 6 round (24) Privatization (9) Subnational (25) 22 airports in 3 blocks – April 7 4 concessions of urban solid waste: • • • Eletrobras • TRENSURB • ABGF 4 in Maceió/AL 2 in Vila do • North Block • • CEASAMINAS • CBTU-MG • EMGEA • • 1 in Fortaleza/CE Conde/PA • South Block Consortia Comares (CE) Consortia Convale/MG • • • NUCLEP • CORREIOS • CODESA 2 in Santos/SP 1 in Areia • Central Block • Teresina/PI – March 22 •2 in Paranaguá/PR Branca/RN • Bauru (SP) •1 in Santana/AP •4 in Itaqui/MA 2 airports 1 Concession of Urban Solid Waste, Water and •1 in Suape/PE – April 9 • Viracopos – Campinas (SP ) Mining rights (9) Sewage supply •1 in Pelotas/RS • São Gonçalo do Amarante – Natal (RN) • Phosphate - Miriri (PB/PE) – March 4 • São Simão (GO) – April 9 Fishery Terminais (8) • Cupper - Bom Jardim de Goiás(GO– March 4 • Kaolinite - Rio Capim (PA) Highways (6): •Cabedelo (PB) –Jan •Belém (PA) • Diamond – Santo Inácio (BA) 4 Concessions of water and wastewater • BR-116/465/101 (SP/RJ) – Dutra 28 - ok •Manaus (AM) • 2nd and 6th Rounds of ANM available areas – • BR-381/262 (MG/ES) • Aracajú (SE) •Natal (RN) March 29 • BR-116/493 (RJ/MG) - CRT • Santos (SP) •Vitória (ES) • Integrated Highways in Paraná • Cananéia (SP) Regional Development (1) • State of Acre • City of Porto Alegre (RS) • BR-153/080/414 (GO/TO) – April 9 • Irecê basin irrigation (BA) • State of Amapá • State of Rio de Janeiro – • BR-163/230 (MT/PA) Parks and Forests (6) April 30 Urban Mobility (1) • Lençóis Maranhenses • Canela (RS) • Belo Horizonte (MG) subway line 2 4 Concessions of wastewater services (MA) • São Francisco • City of São • State of Rio Grande do Sul Railways (3) • Jericoacoara (CE) de Paula (RS) • Iguaçu (PR) • Humaitá (AM) Telecommunication (1) Gonçalo do • State of Ceará • 5G Amarante (RN) • City of Crato (CE) • Ferrogrão • FIOL (BA) – April Oil and Gas (3) • Renovação MRS 8 Obs. Environmental licenses expected (8): 12 public lighting PPPs: • 2 Blocks – Transfer of Rights (Sépia and Atapu) • Preliminary licensing of Pedral do Lourenço/PA • Nova Lima/MG • Toledo (PR) • Construction licensing of BR-080/MT Electric Energy (3): • 17th Round under concession • Cachoeiro do • Barreiras (BA) • Construction licensing of BR-158/MT Itapemirim (ES) • Crato (CE) • 2 auctions of transmission installation agreement – October 7 • Preliminary licensing of BR-319/AM/RO • Camaçari (BA) • Valparaízo de –June 30 • Preliminary licensing of hydropower plants in Defense and Security (2) • Corumbá (MS) Goiás (GO) Castanheira/MT, Tabajara/RO and Telêmaco • 1 auction of energy generation (supply • COMAER PPP Borba/PR • Patos de Minas (MG) • Campinas (SP) of isolated system) – April 30 • Security Forces Communication PPP • Construction licensing of BR-135/BA/MG • Curitiba (PR) • Caruaru (PE) PPI Auctions scheduled for 2022 2022 (60 assets)

Airports – 7th round (16) Privatization (7) Tourism (4) • Farm Pau D’Alho (SP) 16 airports in 3 blocks • Port of São Sebastião (SP) • Telebrás • Block RJ-MG (5): Santos Dumont/RJ, Jacarepaguá/RJ, • Fortress Santa Catarina (PB) • Organized Port of Santos (SP) • Serpro Uberlândia/MG, Montes Claros/MG and Uberaba/MG • Fortress Nossa Senhora dos Remédios – Fernando • Organized Port of Itajaí (SC) • Dataprev • Block SP-MS (5): Congonhas/SP, Campo de Marte/SP, Campo de Noronha (PE) Grande/MS, Corumbá/MS and Ponta Porã/MS • Organized Ports of Salvador, • Fort Orange (PE) • North Block 2 (6): Belém/PA, Santarém/PA, Marabá/PA, Carajás/PA, Aratu-Candeias and Ilhéus (BA) Altamira/PA and Macapá/AP Parks and Forests (4) Mining rights (6) Highways (8): • Iquiri (AM) • 7th and 9th rounds of ANM available areas • BR-040/495 (MG/RJ) - Concer • Coal – Candiota (RS) • 7200 km of federal highways • Castanho (AM) • BR-158/155 (MT/PA) • São Joaquim National Park (SC) • Gypsum - Rio Cupari (Pará) • BR-040 (DF/GO/MG) – rebidding • Brasília National Park (DF) • Limestone – Aveiro (Pará) • BR-135/316 (MA) • BR-364/MT/RO Subnational (6) Lottery (1) • BR-470/282/153/SC • 2 daycare PPPs: • BR-163/MS - rebidding • Fixed odds • City of Teresina (PI): 40 unities Railways (3) Regional Development (1) • FCA renewal • State of Alagoas (CE): 67 unities • • Railway Paraná Oeste S.A. – Ferroeste • 2 Prison PPPs: PISF (São Francisco river integration project) • Rumo Malha Sul • City of Blumenau (SC) Obs. Environmental licenses expected: Port Terminals (1) • City of Erechim (RS) • Preliminary license of BR-242/MT Querência- • 1 in Santos/SP Santiago do Norte section) • 2 Correctional Facilities PPPs: Health (1) • Preliminary license of the HPP in Formoso/MG • State of Minas Gerais • New City Hospital for Children and Teenagers in Guarulhos (SP) • BR 135/MG (Manga/MG - Itacarambi/MG) • State of Santa Catarina Installation Licence www.ppi.gov.br fb.com/ppinvestimentos @ppinvestimentos @ ppinvestimentos linkedin.com/company/ppinvestimentos