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Receita Anual Permitida Atinge R$ 538,1

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Receita Anual Permitida Atinge R$ 538,1 São Paulo, April 29, 2021 - ISA CTEEP - Companhia de Transmissão de Energia El étrica Paulista (“ISA CTEEP,” “Company,” B3: TRPL3 and TRPL4), announces its results for the first quarter of 2021 (1Q21). Regulatory results are shown in accordance with the Electricity Sector Accounting Manual (MCSE) to facilitate understanding of the Company’s business. Moreover, the information has been prepared in accordance with the standards established by the Securities and Exchange Commission of Brazil (CVM), applicable announcements by the Accounting Statements Committee (CPC) and the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) in the “Attachments” section of this document. Main Regulatory Indicators Consolidated (BRL million) 1Q21 1Q20 Var (%) Net Revenue 852.8 734.3 16.1% EBITDA 696.8 597.1 16.7% Adjusted EBITDA¹ 770.4 599.6 28.5% Adjusted EBITDA Margin² 83.2% 81.7% 1.6 p.p. Net Income3 308.1 308.3 -0.05% Net Margin 36.1% 42.0% -5.9 p.p. ROE (amount value of 20.2% 18.4% 1.8 p.p. LTM) ¹Adjusted by the receipt of the Adjustment Portion (PA), excluding the provision and non-recurring effects. ²Considers net revenue adjusted by the PA received. 3Adjusted by non-controlling interest. 2 CONTENTS 1. ISA CTEEP 1.1 ISA CTEEP 4 1.2 Shareholding Structure 5 1.3 Corporate Structure 6 1.4 Growth 6 2. Operational Performance 7 3. Financial Performance 3,1 Operating Revenue 8 3,2 O&M Costs and Expenses 9 3,3 Equity Income 9 3,4 EBITDA and Margin 10 3,5 Financial Result 11 3,7 Net Income 12 3,8 Comparison of Results (Regulatory vs. IFRS) 13 4. Debt 14 5. Distribution of Earnings 15 6. Investments 15 6.1 Investments in Retrofitting Projects 15 6.2 Investments in Greenfield Projects 16 7. Sustainabiity | ESG Performance 18 8. Capital Markets 19 9. Events during the Period 20 10. Subsequent Events 21 11. Upcoming Events 21 12. Other Relevant Information 22 12. Glossary 26 13. Attachaments 29 * Results in Excel spreadsheet available on the Investor Relations Website 3 ISA CTEEP ISA CTEEP is Brazil’s largest private electricity transmission company. Through its operations and those of its subsidiaries and affiliate companies, the Company is present in 17 states across Brazil (Rio Grande do Sul, Santa Catarina, Paraná, São Paulo, Minas Gerais, Rondônia, Mato Grosso, Mato Grosso do Sul, Goiás, Tocantins, Maranhão, Piauí, Paraíba, Pernambuco, Alagoas, Espírito Santo and Bahia) and supplies approximately 33% of all electricity transmitted through the National Interconnected System (SIN). The operational control and coordination of the Company’s installations and the entire electricity generation and transmission infrastructure in the SIN are the responsibility of the National Electricity System Operator (“ONS”), subject to inspection and regulations established by ANEEL, the Brazilian electricity regulatory agency. On March 31, 2021, the installed capacity of the Company (including the parent company, wholly-owned subsidiaries and non-consolidated subsidiaries1 in operation) was 68.9 thousand MVA in transformation, 18.8 thousand kilometers of transmission lines, 26.1 thousand kilometers of circuits and 129 own substations. To efficiently operate our complex transmission system, we rely on a team of approximately 1,400 employees and facilities that ensure quality and reliable service. We are committed to the development of the country’s energy infrastructure and constantly invest on modernizing our network and contributing directly to the expansion of the national transmission system. In recent years, the Company won the bids for 14 lots in the transmission auctions conducted by ANEEL. 1 IE Madeira, IE Garanhuns, IE Aimorés, IE Paraguaçu and IE Ivaí. 4 Shareholding Structure ISA CTEEP is controlled by ISA, a multi-Latin linear infrastructure systems company. Shareholders TRPL3 (ON) % TRPL4 (PN) % Total % ISA Capital do 230,856,832 89.50% 5,144,528 1.28% 236,001,360 35.82% Brasil Management 0 0,00% 5,310 0.00% 5,310 0.00% Free Float 27,080,900 10.50% 395,795,734 98.72% 422,876,634 64.18% Eletrobras 25,157,077 9.75% 210,692,269 52.55% 235,849,346 35.80% Others 1,923,823 0.75% 185,103,465 46.17% 187,027,288 28,39% Total 257,937,732 100.00% 400,945,572 100.00% 658,883,304 100.00% Base date: 03/31/2021 Total Capital Distribution on 03/31/2021 * Includes the interest held by Isa Capital do Brasil, ISA’s investment vehicle for the acquisition of ISA CTEEP. ** 1% of free float is scattered in other regions. Excluding the interest held by Eletrobras and ISA, on March 31, 2021, 39% of the shareholder base consisted of foreign investors (22% North America, 15% Europe, 1% Asia and 1% Oceania) and 61% Brazilian investors. 5 Corporate Structure ISA CTEEP’s corporate structure includes its subsidiaries (wholly-owned subsidiaries) and affiliate companies (subsidiaries 2 not controlled) , as shown below: RAP Cycle 2020/2021¹ RAP ISA CTEEP Cycle 2020/2021 Location Profit Regime² Share (%) Consolidation (BRL million) (BRL million) ISA CTEEP Operational São Paulo 3,131 3,131 Real Profit ISA CTEEP 100% Fully consolidated IE Madeira Operational Rondônia / SP 552 282 Real Profit ISA CTEEP 51% / Furnas 24.5% / Chesf 24.5% Equity method IE Ivaí Under construction Paraná 300 150 Real Profit ISA CTEEP 50% / TAESA 50% Equity method IE Paraguaçu Under construction Bahia / MG 121 61 Real Profit ISA CTEEP 50% / TAESA 50% Equity method IE Garanhuns Operational Pernambuco 95 48 Real Profit ISA CTEEP 51% / Chesf 49% Equity method IE Aimorés Under construction Minas Gerais 81 41 Real Profit ISA CTEEP 50% / TAESA 50% Equity method PBTE Operational São Paulo 172 172 Real Profit ISA CTEEP 100% Fully consolidated IE Riacho Grande Under construction São Paulo 68 68 Presumed Profit ISA CTEEP 100% Fully consolidated IE Pinheiros Operational São Paulo 63 63 Presumed Profit ISA CTEEP 100% Fully consolidated IE Aguapeí Under construction São Paulo 60 60 Presumed Profit ISA CTEEP 100% Fully consolidated IE Serra do Japi Operational São Paulo 56 56 Presumed Profit ISA CTEEP 100% Fully consolidated IE Itaúnas Under construction Espírito Santo 53 53 Presumed Profit ISA CTEEP 100% Fully consolidated IENNE Operational Tocantins 53 53 Presumed Profit ISA CTEEP 100% Fully consolidated IE Itaquerê Operational São Paulo 52 52 Presumed Profit ISA CTEEP 100% Fully consolidated Operational Minas Gerais 20 20 IEMG Presumed Profit ISA CTEEP 100% Fully consolidated Under construction Minas Gerais 33 33 Operational Espírito Santo 13 13 Evrecy Presumed Profit ISA CTEEP 100% Fully consolidated Under construction Rio Grande do Sul 38 38 IE Biguaçu Under construction Santa Catarina 41 41 Presumed Profit ISA CTEEP 100% Fully consolidated SP / Paraná3 21 21 IE Tibagi Under construction Presumed Profit ISA CTEEP 100% Fully consolidated Mato Grosso do Sul / SP 5 5 São Paulo (Bauru) 12 12 IE Itapura Operational Presumed Profit ISA CTEEP 100% Fully consolidated São Paulo (Lorena) 11 11 IE Sul Operational Rio Grande do Sul 20 20 Presumed Profit ISA CTEEP 100% Fully consolidated Total 5,071 4,503 ¹ 2020/2021 revenue cycle includes adjustment portion (“PA”), net of PIS and COFINS. ² Presumed Profit: taxation regime in which income tax is 25% on the presumed 8% of operating income. Social Contribution (CSLL) is 9% on the presumed 12% of operating income. Real Profit: 34% of Income Tax + Social Contribution on calculated taxable income. ³ RAP amount of IE Tibagi does not consider adjustments related to the contractual amendment (-13.5%) approved by the Board of ANEEL on 10/26/20. Growth ISA CTEEP’s history is marked by solid growth with sustainable value creation: ¹ ISA CTEEP 51% ² ISA CTEEP 50% ISA CTEEP constantly evaluates growth opportunities in the market and has been making progress in this regard. Its strategy is to expand its footprint across Brazil through auctions and/or acquisitions that are synergistic with existing operations, while respecting the premise of sustainable value generation. 2 IE Madeira, IE Garanhuns, IE Aimorés, IE Paraguaçu and IE Ivaí. 6 In recent years, the Company won the bids for 14 lots in the transmission auctions conducted by ANEEL, for which ANEEL invested (weighted by ISA CTEEP’s stake) a total of BRL6.3 billion, with an increase in RAP (2020/2021 cycle) of around BRL645 million after the assets go operational. Until March 2021, around BRL2.2 billion was invested in these projects. The Company has already energized four of these projects at an average capex efficiency of 36% and 11 months in advance, on average, as shown in the table: ANEEL’s¹ Investment Investment Made Efficiency Advance Participation ISA CTEEP (BRL million) (%) (months) (BRL milion) Itapura Bauru 63 126 -50% -18 Itaquerê 250 398 -40% -11 Tibagi 118 135 -12% -8 Aguapeí 360 602 -43% -6 Average -36% -11 ¹ Amounts on auction date. Another important avenue for growth is the investments made in retrofitting projects. In the last eight years, the Company invested an average of BRL220 million/year on retrofitting Projects in its assets, with associated average RAP of around BRL45 million/year. It must be noted that these are average amounts and the investments may be non-linear as they depend on ANEEL’s authorizations and are subject to the Periodic Tariff Review (“RTP”). The Company has authorizations to invest over BRL1.4 billion on retrofitting projects, which will be executed over the next three years, approximately. The Capex section and Attachment 1 provide more details about growth projects. OPERATIONAL PERFORMANCE ISA CTEEP is an industry benchmark in performance. The Company constantly manages its operating indicators meticulously, notably the Index of Non-Supplied Energy (IENS), which is the ratio of total energy not supplied during incidents throughout the year to the total energy demanded that the Company did in fact supply.
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