ANNEX

MARKETLETTER

1Q2021

S U M M A R Y

I

II

FINANCIAL INFORMATION FROM SUBSIDIARIES

FINANCIAL ANALYSIS FROM SUBSIDIARIES

The Investors Report - Annexes I, II and

Contact RI:

III can be found at excel on our website:

ombudsman-ri@eletrobras.com |

www.eletrobras.com.br/ri. Annex III

www.eletrobras.com.br/ri|

will be available soon.

+55 (21) 2514-6333

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May 13, 2021

May 13, 2021

2:30 p.m. (Brasília)

2:30 p.m. (Brasília)

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PREPARATION OF THE REPORT TO INVESTORS:

Superintendent of Investor Relations

Capital Market Department

Paula Prado Rodrigues Couto

Bruna Reis Arantes

Alexandre Santos Silva

Fernando D'Angelo Machado

Luiz Gustavo Braga Parente

Maria Isabel Brum de A. Souza

Mariana Lera de Almeida Cardoso

EBR & EBR.B

LISTED NYSE

DFR - Investor Relations Superintendence

Marketletter - Annex I - 1Q21

Financial Information of the Subsidiaries

ASSETS 03/31/2021

Furnas

Chesf

CGT Eletrosul

Eletronorte

Eletropar

Eletronuclear

Amazonas GT

CURRENT

Cash and Cash Equivalents

126,334

67,402

6,377

5,084

64

7,113

76,642

Accounts Receivable, net

1,471,494

1,572,790

461,212

774,717

0

286,172

1,022,819

Financing and Loans - principal

0

0

0

0

0

0

0

Financing and Loans - charges

0

0

0

0

0

0

0

Marketable Securities

1,709,668

3,307,632

1,204,969

1,514,758

96,564

739,923

493,986

Dividends Receivable

70,754

27,108

0

38,207

7,939

0

0

Deferred Fiscal Assets (Tax and Contributions)

0

0

2,576

0

2,632

23,538

22,373

Income Tax and Social Contribution

62,101

426,176

45,826

210,630

1,810

48,945

0

Derivative Financial Instruments

0

0

0

445,608

0

0

0

Reimbursement Rights

0

0

3,124

0

0

0

0

Guarantees and Linked Deposits

0

34,646

103,165

0

0

0

21,398

Inventory

42,794

90,061

58,334

62,874

0

193,516

59,426

Contractual Assets

4,570,800

2,380,088

813,996

1,666,333

0

0

0

Nuclear Fuel Inventory

0

0

0

0

0

428,340

0

Financial Assets

0

11,996

0

0

0

0

0

Hydrological risk

0

0

2,007

0

0

0

1,125

Others

352,736

590,418

118,910

382,894

0

147,324

85,616

TOTAL CURRENT ASSETS

8,406,681

8,508,317

2,820,496

5,101,105

109,009

1,874,871

1,783,385

NON-CURRENT

LONG-TERM ASSET

Accounts Receivable, net

270,492

0

158

80,746

0

0

757,323

Financing and Loans - principal

0

0

0

0

0

0

0

Marketable Securities

0

213

39

105

0

0

0

Deferred Fiscal Assets (Taxes and Contributions)

0

201,565

208

0

0

0

0

Income Tax and Social Contribution

0

191,286

1,598,932

233,726

0

0

0

Derivative Financial Instruments

0

0

0

465,013

0

0

0

Reimbursement Rights

0

0

0

0

0

0

0

Guarantees and Linked Deposits

920,794

446,328

252,335

184,560

0

69,227

68,948

Indemnifications receivables - Law 12,783/2013

0

487,822

0

0

0

0

0

Nuclear Fuel Inventory

0

0

0

0

0

1,228,076

0

Contractual Assets

17,318,837

11,979,002

3,999,063

8,210,471

0

0

0

Financial Assets

1,376,264

226,424

0

5,235

0

0

0

Advance for equity participation

316

0

0

0

0

0

0

Regulatory Asset (Portion A - CVA)

0

0

0

0

0

0

0

Hydrological risk

0

0

14,049

0

0

0

0

Others

151,905

108,582

239,818

248,692

0

1,873,452

360,731

TOTAL LONG-TERM ASSETS

20,038,608

13,641,222

6,104,602

9,428,548

0

3,170,755

1,187,002

INVESTMENTS

5,518,426

5,372,744

2,250,650

5,081,369

143,978

0

0

FIXED ASSETS, NET

6,674,363

2,073,793

2,706,798

5,387,571

47

13,045,596

2,515,836

INTANGIBLE ASSETS

327,674

120,968

70,462

117,633

1

97,352

5,868

TOTAL NON-CURRENT ASSETS

32,559,071

21,208,727

11,132,512

20,015,121

144,026

16,313,703

3,708,706

TOTAL ASSETS

40,965,752

29,717,044

13,953,008

25,116,226

253,034

18,188,574

5,492,091

1

DFR - Investor Relations Superintendence

Marketletter - Annex I - 1Q21

Financial Information of the Subsidiaries

ASSETS 12/31/2020

Furnas

Chesf

CGT Eletrosul

Eletronorte

Eletropar

Eletronuclear

Amazonas GT

CURRENT

Cash and Cash Equivalents

277,448

58,548

10,674

1,145

182

9,051

0

Accounts Receivable, net

1,414,966

1,963,986

535,413

709,868

0

319,724

0

Financing and Loans - Principal

0

0

0

0

0

0

0

Financing and Loans - Charges

0

0

0

0

0

0

0

Marketable Securities

961,965

2,079,294

1,286,868

1,239,589

92,442

378,424

0

Dividends Receivable

71,278

27,108

4,153

38,207

7,108

0

0

Deferred Fiscal Assets (Tax and Contributions)

0

64,938

8,924

165,454

3,613

19,949

0

Income Tax and Social Contribution

248,748

195,190

5,512

0

113

13,618

0

Derivative Financial Instruments

0

0

0

317,443

0

0

0

Reimbursement Rights

0

0

4,684

0

0

0

0

Guarantees and Linked Deposits

0

34,375

49,121

0

0

0

0

Inventory

42,843

85,065

55,704

83,482

0

183,306

0

Contractual Assets

4,561,167

3,097,503

812,555

1,665,948

0

0

0

Nuclear Fuel Inventory

0

0

0

0

0

428,340

0

Financial Assets

0

10,996

0

0

0

0

0

Hydrological risk

0

0

2,007

0

0

0

0

Others

317,847

583,408

127,252

375,602

79

130,568

0

TOTAL CURRENT ASSETS

7,896,262

8,200,411

2,902,867

4,596,737

103,538

1,482,980

0

NON-CURRENT

LONG-TERM ASSET

Accounts Receivable, net

272,583

0

277

0

0

0

0

Financing and Loans - principal

0

0

0

0

0

0

0

Marketable Securities

0

210

39

103

0

0

0

Diferred Fiscal Asset (Taxes and Contributions)

0

203,519

208

223,246

0

0

0

Income Tax and Social Contribution

0

145,987

1,640,404

269,604

0

0

0

Derivative Financial Instruments

0

0

0

310,100

0

0

0

Reimbursement Rights

0

0

0

0

0

0

0

Guarantees and Linked Deposits

897,994

488,241

300,659

242,223

0

68,222

0

Indemnifications receivables - Law 12,783/2013

0

487,822

0

0

0

0

0

Nuclear Fuel Inventory (Eletronuclear)

0

0

0

0

0

1,264,780

0

Contractual Assets

17,483,202

11,379,621

3,961,684

8,199,109

0

0

0

Financial Asset

1,367,475

230,424

0

0

0

0

0

Advance for equity participation

1,541

0

0

0

0

0

0

Regulatory Asset (Portion A - CVA)

0

0

0

0

0

0

0

Hydrological risk

0

0

14,551

0

0

0

0

Others

151,598

121,796

219,565

258,443

0

1,755,116

0

TOTAL LONG-TERM ASSETS

20,174,393

13,057,620

6,137,387

9,502,828

0

3,088,118

0

INVESTMENTS

5,633,921

5,310,677

2,254,800

4,812,908

144,897

0

0

FIXED ASSETS, NET

6,702,079

2,083,004

2,758,213

5,462,897

6

13,018,163

0

INTANGIBLE ASSETS

331,066

117,357

74,304

121,548

2

92,374

0

TOTAL NON-CURRENT ASSETS

32,841,459

20,568,658

11,224,704

19,900,181

144,905

16,198,655

0

TOTAL ASSETS

40,737,721

28,769,069

14,127,571

24,496,918

248,443

17,681,635

0

2

DFR - Investor Relations Superintendence

Marketletter - Annex I - 1Q21

Financial Information of the Subsidiaries

LIABILITIES 03/31/2021

Furnas

Chesf

CGT Eletrosul

Eletronorte

Eletropar

Eletronuclear

Amazonas GT

CURRENT

Suppliers

460,160

221,812

390,373

372,564

0

861,899

228,322

Financing, loans and debentures

1,564,519

223,652

521,408

384,683

0

351,849

527,390

Tax and Social Contributions

148,694

143,003

17,600

2,948

1,341

88,849

355,544

Current Income Tax and Social Contribution

0

180,839

141

0

0

40,523

310,180

Derivative financial instruments

0

0

0

0

0

0

0

Reimbursement Obligations

0

0

0

0

0

222,593

0

Advance from clients

0

0

0

74,075

0

0

0

Shareholders' Compensation

510,719

1,940,764

443,403

1,417,927

9,704

0

0

Estimated Obligations

293,923

378,003

134,324

362,440

367

101,820

54,783

Provisions for Litigations

0

0

0

0

0

0

0

Post-Employment Benefits (Pension Plan Payments)

19,918

147,659

25,511

0

0

4,259

0

Leasing (principal)

14,805

33

11,047

3,937

0

17,601

169,145

Leasing (charges)

(10,259)

0

(4,301)

(57)

0

0

0

Provisions for Onerous Contracts

0

0

0

40,196

0

0

0

Concessions payable - Use of public property

1,804

0

3,209

0

0

0

0

Regulatory fees

59,870

108,668

76,747

295,463

0

13,055

59,855

Others

62,626

94,410

109,115

1,359,454

22,509

1,115

248,255

TOTAL CURRENT LIABILITIES

3,126,779

3,438,843

1,728,577

4,313,630

33,921

1,703,563

1,953,474

NON-CURRENT

Suppliers

0

0

97,300

0

0

0

0

Financing, loans and debentures

5,837,772

973,363

2,551,331

2,700,802

0

7,188,079

1,991,572

Tax and Social Contributions

175,440

0

0

0

0

212

0

Income Tax and Social Contribution

2,944,577

0

0

52,461

9,384

0

0

Deferred Income Tax and Social Contribution

0

0

0

0

0

0

0

Derivative financial instruments

0

0

0

10,014

0

0

0

Reimbursement Obligations

0

0

0

0

0

0

0

Advance from clients

0

0

0

270,937

0

0

0

Estimated Obligations

47,085

44,024

9,388

0

0

6,919

0

Provisions for Litigations

2,115,210

3,940,556

629,830

337,867

0

243,929

671,198

Provision for uncovered liability on invested companies

0

0

0

4,081

0

0

0

Post-Employment Benefits (Pension Plan Payments)

1,009,196

3,530,704

649,936

102,029

0

532,470

18,769

Leasing (principal)

214,676

2,026

63,744

0

0

7,984

535,626

Leasing (charges)

(49,989)

0

(23,446)

0

0

0

0

Provision for Onerous Contracts

225,727

100,478

83,550

59,306

0

0

0

Concessions payable - Use of public property

33,684

0

35,478

0

0

0

0

Regulatory fees

262,910

435,839

45

0

0

0

0

Asset decomission obligation (Nuclear Power Plants)

0

0

0

0

0

3,095,537

0

Advances for future capital Increase

69,562

0

0

0

0

1,920,063

0

Others

382,970

466,259

219,807

1,148,110

0

0

0

TOTAL NON-CURRENT LIABILITIES

13,268,820

9,493,249

4,316,963

4,685,607

9,384

12,995,193

3,217,165

EQUITY

Capital Stock

6,531,154

9,753,953

6,767,586

11,576,263

118,055

8,493,036

497,946

Capital reserves

5,053,045

4,916,199

0

0

0

0

0

Profit Reserves

14,119,110

5,403,347

1,255,195

3,725,405

60,434

0

0

Additional Dividend Purposed

706,536

0

0

0

9,251

0

0

Accumulated profit/loss

743,246

465,925

116,119

1,109,807

7,859

(4,121,599)

(185,355)

Other Comprehensive Income

(2,583,283)

(3,754,472)

(212,056)

(294,486)

14,131

(881,619)

8,861

Minority shareholdings

345

0

(19,376)

0

0

0

0

TOTAL EQUITY

24,570,153

16,784,952

7,907,468

16,116,989

209,730

3,489,818

321,452

TOTAL LIABILITIES AND EQUITY

40,965,752

29,717,044

13,953,008

25,116,226

253,035

18,188,574

5,492,091

3

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Eletrobrás - Centrais Elétricas Brasileiras SA published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 00:57:12 UTC.