Corporate

Presentation

November 2021

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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.

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About Us

Integrated electric power generation and E&P company with access to onshore gas

2.8 GW

30.8 bcm1

Installed

Certified Remaining Gas

Capacity

Reserves (2P)

(09/30/21)

9 TPPs

11 natural gas fields2

~64,000 km² of exploratory areas

(3 under construction)

across 4 sedimentary basins

R$ 4.7 bi

R$ 2.0 bi

Net Revenues

LTM 3Q21 EBITDA

3Q21 LTM

Dispersed Control

Others

44.03%

BTG Pactual

ENEV3 21.53%

1.3 Bi

ON shares

Dynamo

Cambuhy

6.25%

Atmos

22.88%

5.31%

Highest Governance

Present in relevant Brazilian

standard at B3

market indexes

Notes: 1 - Gaffney Cline & Associates: Reserves and resources certification reports as of 12/31/2020 (Parnaíba Basin reserves) and 06/30/2021 (Amazonas Basin reserves), excluding the accumulated consumption of the Parnaíba Complex until 3Q21; 2 - Considers Gavião Belo Field..

3

About us

Successful turnaround track record

Proven track record of opportunistic capital allocation reflected into share price

Acquisition of

A-6 2019 Auction

100% of

Parnaíba VI TPP

11/29/21

Pecém II TPP

ENEV3:

R$ 14.26

Azulão Field

A-6 2018 Auction:

Farm-in

Parnaíba V TPP

Apr-18

Aug-18

Oct-19

May-19

Dec-19

Gas monetization

Firm Energy Increase1 of the

Isolated Systems Auction

following TPPs:

Parnaíba I: 130 AverageMW

Jaguatirica II TPP

Parnaíba III: 30 AverageMW

10/20/17

ENEV3:

R$ 3.44

Nota: 1 - Firm Energy corresponds to the maximum amount of energy a power plant can sell.

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Our Assets

Installed capacity of 2.8 GW

in strategic regions

2.2 GW of installed capacity in operation and 0.6 GW under construction to start operations as of the end of 2021. Projects located in strategic regions with barriers to market entry

Operating assets connected to the National Interconnected System

91% of total energy commercialized in the Regulated Market

MA

CE

Parnaíba Complex

Integrated model in the state of

Maranhão

▪ 6 gas-fired power plants

(2

under construction)

  • 10 onshore natural gas fields¹, with remaining 2P reserves of 24.4 bcm2

Itaqui: 360 MW

Pecém II: 365 MW

Generation fired by imported mineral coal in Maranhão and Ceará states

Expansion of the integrated model to a new region still highly dependent of oil

Pioneer in implementing a micro-LNG system in Brazil

Azulão-Jaguatirica Integrated Project

Gas E&P in Amazonas + generation at

Roraima's isolated system

  • Azulão Field: 6.3 bcm of certified 2P reserves2, with 3.6 bcm tied to the project
  • Blocks in the surroundings of Azulão: 5.84 bcm of certified gas contingent resources (P50)²
  • Jaguatirica II TPP with 141 MW of installed capacity

Footprint in different Brazilian sedimentary basins, opening new possibilities of access to gas

23 exploratory blocks + the Juruá area, in different exploratory stages

RR

AM

GO

MS

Note: 1- Considers Gavião Belo Field; 2- Gaffney Cline & Associates: Reserves and resources certification reports as of 12/31/2020 (Parnaíba Basin reserves) and 06/30/2021 (Amazonas Basin reserves), excluding the accumulated consumption of

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the Parnaíba Complex until 3Q21.

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Eneva SA published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 21:50:08 UTC.