2Q21 RESULTS

PRESENTATION

Disclaimer

  • The summary statements contained in this document have a certaindegree of riskand uncertainty relating to business prospects, financial, strategic and economic projections, among others, and such information is based on assumptions, data and expectations that, although considered by the Company, may not be accurate, materializeor be under the Company´s control. Due to these factors, the actual results may differ materially from those indicated or implied by this material.
  • The Company does not guarantee, in any form or to any extent, that the trends herein disclosed shall be confirmed. The information and opinions contained in this presentation should not be considered as a recommendation for investment,

which should not be based solely on the truthfulness, timeliness or completeness of such information or opinions. None of the Company's representatives, advisors or related parties shall be liable for any losses that may arise from the use, or the informationcontained in this material.

Agenda

2Q21 HIGHLIGHTS

CONTINGENCIES

ENERGY MARKET &

COMMERCIAL STRATEGY

FINANCIAL PERFORMANCE

ESG AGENDA

CLOSING REMARKS

3

2Q21Highlights

OPERATION

  • Energy generation of 768 MW average
  • HPP Porto Primavera's flow reduction, accordingly with legal determination
  • 95.9% availability index, consistently above ANEEL's reference values

FINANCIAL PERFORMANCE

  • Adjusted EBITDA(1)of BRL222 million in 2Q21
  • Operational cash generation, after debt services, of BRL274 million, with a cash conversion ratio of 123% in 2Q21(2)
  • Gross reduction of total contingent liability in BRL636 million(3)in 2Q21 compared to previous quarter

COMMERCIAL STRATEGY

  • 2021 energy balance exposure equalized with an average price of R$239/MWh
  • Improvement on contract sale of medium and long term, allied to client portfolio diversification aiming to reduce risks

Notas: (1) Adjusted EBITDA excludes allowance for litigation; (2) Cash conversion ratio = Operational cash flow after debt service / Adjusted EBITDA; (3) Proforma after

monetary adjustment - considers settlements up to July 29, 2021.

4

Agenda

2Q21 HIGHLIGHTS

CONTINGENCIES

ENERGY MARKET &

COMMERCIAL STRATEGY

FINANCIAL PERFORMANCE

ESG AGENDA

CLOSING REMARKS

5

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CESP – Companhia Energética de São Paulo published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 12:48:02 UTC.