Corporate Presentation

April, 2022

Disclaimer

This presentation may contain certain forward-looking statements and information relating to Eneva that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like "may", "plan", "believe", "anticipate", "expect", "envisages", "will likely result", or any other words or phrases of similar meaning.

Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation.

In no event, neither the Company, any of its affiliates, directors, officers, agents or employees nor any of the placement agents shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages.

Recipients of this presentation are not to construe the contents of this summary as legal, tax or investment advice and recipients should consult their own advisors in this regard.

This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without Eneva's prior written consent.

Eneva:

The investment platform bringing diversified energy solutions to Brazil

E&P

SOLARNATURAL GAS TPPENERGY TRADING

COAL TPP

RR

Natural Gas E&P 4 onshore basins

36.6 bcm 26.4 bcm

Reserves¹

Resources¹

Proprietary treatment, liquefaction, transport and regas facilities

From 2017-2021

Power Generation

3.7 GW

0.67

0.73

2.34

GasCoalSolar

61% operational assets

+1.6 GW +17.8 bcm 380% R$ 5.3 bn

Contracted Capacity

(GW)

Gas Reserves

TSR

Notes: 1. Gaffney Cline & Associates (as of 12/31/2021); 2. Includes maintenance capex; 3. Under construction

Capex2

Generation Assets 2021

MW

Parnaíba I gas TPP

676

Parnaíba II gas TPP

519

Parnaíba III gas TPP

178

Parnaíba IV gas TPP

56

Itaqui coal TPP

360

Pecem II coal TPP

365

Parnaíba V TPP (CCGT)3

385

Parnaíba VI TPP (CCGT)3

92

Jaguatirica gas TPP

141

Azulão I gas TPP3

295

Futura 1 PV (solar)3

671

Total Contracted Installed Capacity

3,738

AM

Greenfield Assets

MA

Azulão II gas TPP

295

Azulão III TPP (CCGT)

320

Futura 2 PV (solar)

702

Futura 3 PV (solar)

1,620

MS

MW

CEBAGOSP

Eneva's Reservoir-to-Wire model effectively integrates onshore Exploration & Production of natural gas and power generation

An efficient network with in-house key competencies to develop and operate assets optimizes returns

With a track record of successful capital allocation over the past 5 years…

Unlevered Internal Rate of Return (IRR) of Projects

(in real terms)

Azulão TPP

Capex¹ R$ 1.3 bn

25%

20%

15%

10%

5%

NTN-b 2035²

0%

Dec-17

Notes: 1- Estimated capex; 2- Brazilian Treasury Bond.

Dec-18

Dec-19

Dec-20

Dec-21

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Eneva SA published this content on 13 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 22:54:05 UTC.