F e b r u a r y 2 0 2 2

A Leading Platform

in the Brazilian Renewable Sector

Disclaimer

This presentation is intended for informational purposes only and shall not constitute or be interpreted by anyone as an offer to sell or purchase any securities, equity or otherwise, nor to request any indication of voting or approval rights regarding any sale or purchase of any securities, equity or otherwise or in connection with the proposed transactions contemplated hereby or elsewhere.

The summary statements contained in this document have a certain degree of risk and 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 VTRM Energia Participações S.A. (the "Company"), may not be accurate, materialize or 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 information contained in this material.

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Brazil's Renewable Energy Platform

3.3 GW

Installed

Capacity1

Among Brazil's leading

energy companies in terms

of installed capacity

Wind

Hydro

+2.3GW

Assets

of Installed

(9 HPPs)

Capacity

1.9 GW

Pipeline2

2.6 GWavg

Commercialized3

R$1.4 bn

Adjusted EBITDA 20204

New projects sustaining

long-term growth

One of the largest trading companies in Brazil, with considerable expertise and capacity to meet the free market growth

Strong financial

capacity

Assets

(31 Wind

Farms)

2052

Authorization

Term6

974MW5

of Installed

Capacity

85%

Contracted

Energy up to

2032 -

ANEEL Auctions

+60%

Contracted Energy

up to 2032

2049

Concession

Term5

Among

Leaders

in Brazil

+2.6GWavg

traded in 20207

500+ Energy

Clients Trading

Source: Company

Notes:

  1. Considers operational assets (2.9GW) and wind projects under construction (0.4GW). For hydro assets, considers 100% of the capacity of Pollarix, VC Pinheiro Machado and CBA Energia
  2. Considers solar, hybrid and hydro projects under development
  3. Fiscal Year 2020. Considers CESP + Votorantim Energia

[4] VE's share in the hydro assets is considered for calculating Adjusted EBITDA

[5]

Considers VdP I, VdA III and VdP II and III

[6]

Weighted average by installed capacity

[7]

Considers the commercialized volume of Votorantim Energia and CESP

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Shareholders with Long-Term Commitment

New VTRM will be listed on B3's Novo Mercado and supported by strong sponsorship

Resulting Ownership Structure

Controlling Shareholders

Shareholders' Agreement

Free Float

One of the largest

Unique know-how of

Strong value

Brazilian

the Brazilian energy

creation track

conglomerates

market

record

37.74%

31.94%

30.32%1

High corporate

Excellent track-record

Global knowledge

New

governance

of investments

of the energy

standards

in Brazil

sector, with

VTRM

multiple successful

Board of Directors

cases

Fabio Zanfelice

Ricardo Szlejf

New VTRM

Sergio

João

Romani

Independent

Schmidt

Hydro

Wind

Energy

Assets

Assets

Trading

Marcos Pinto

Mateus Ferreira

Independent

Edwina Kelly

Note:

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[1] Does not consider the exercise of minorities' withdrawal rights. Assuming no issuance of preferred redeemable shares (and still not considering the exercise of withdrawal rights), the resulting free float stake would be 30.63%

Investment Thesis

Sector in Transformation

  • Secular renewables growth boosted by a strong and tangible modernization agenda as well as the expansion of the free market
  • Multiple growth opportunities related to decarbonization of several sectors of the economy and new demands from clients

100% Renewable with Scale, Competitive, Diversified with Long Duration

  • 100% renewable, diversified and complementary portfolio of assets with installed capacity of +3.3 GW
  • Assets with long duration, attractive PPAs and high quality off-takers in the free market
  • Wind assets strategically located in the 1st quartile among Brazilian wind farms and large hydro assets with high energy generation track record

Leading Position in Energy Trading with Broad Market Intelligence

  • Centralized market intelligence with capacity to optimize current assets, originate PPAs and capture the growth of the Brazilian free market
  • Capacity to develop new solutions and optimize the portfolio's current energy trading operations

Experienced Management Team with Unique Industry Knowledge and High ESG Standards

  • Proven track record built over decades of experience in the Brazilian energy sector
  • Commitment to high ESG standards

Clear Growth Strategy

  • Proven track record of growth combined with solid financial capacity
  • Tangible, well-mapped growth strategy with 1,954 MW under development, added to multiple M&A opportunities

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CESP – Companhia Energética de São Paulo published this content on 18 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2022 11:00:05 UTC.