Engie Brasil Energia S A : Institutional Presentation 2Q22

ENGIE BRASIL ENERGIA

Institutional Presentation 2Q22

August 2022

Disclaimer

This publication may include forward-looking statements on events or results pursuant to Brazilian and international securities' regulations. These forward- looking statements are based on certain assumptions and analyzes made by ENGIE Brasil Energia S.A. ("ENGIE Brasil Energia" or "Company"), - previously denominated Tractebel Energia S.A. -, in accordance with its experience and the economic scenario, market conditions and expected events, many of which are outside the control of ENGIE Brasil Energia. Important factors which can lead to significant differences between effective results and the forward-looking statements with respect to events or results, include the business strategy of ENGIE Brasil Energia, economic and international conditions, technology, financial strategy, development of the government services industry, hydrological conditions, conditions in the financial markets, uncertainty surrounding the results of its future operations, plans, objectives, expectations and intentions and other factors. In the light of these factors, the effective results of ENGIE Brasil Energia may differ significantly from those indicated or implicit in the forward- looking statements with respect to events or results.

The information and opinions contained herein should not be understood as a recommendation to potential investors and no investment decision should be based on the veracity, topicality or completeness of this information or these opinions. None of the advisors to ENGIE Brasil Energia or the parties related thereto, or their representatives shall accept responsibility for any losses, which may occur as a result of the use or the content in this presentation.

This material includes forward-looking statements as to events subject to risks and uncertainties, which based on existing expectations and forecasts on future events and tendencies, may affect the businesses of ENGIE Brasil Energia. These forward-looking statements include forecasts of economic growth and energy supply and demand as well as information on competitive position, the regulatory environment, growth potential opportunities and other matters. Innumerous factors can affect adversely the estimates and assumptions on which these statements are based.

ENGIE Brasil Energia S.A. Institutional Presentation 2Q22 |

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Contents

Highlights and ESG KPIs

Shareholding Structure and

Business Segments

Energy Market in Brazil

Sales and Energy Trading Strategy

01

02

03

04

Expansion

Financial Performance

Supporting Data

05

06

07

ENGIE Brasil Energia S.A. Institutional Presentation 2Q22 |

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01	Trairi Wind Complex

Highlights and ESG KPIs

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Highlights

Adjusted EBITDA1 (R$ million)

+15.4%

												3,774
									3,271		167
			+23.8%				163
					1,897
1,532				3,607
	180		3,108
	163
1,369	1,717
2Q21	2Q22	6M21	6M22

Adjusted NET INCOME (R$ million)

+20.3%

					1,150
				956	110
	+20.4%		108
		514		1,040
427
119	848
108
319	395
2Q21	2Q22	6M21	6M22

Non-recurring Recurring

Note:

1Adjusted Ebitda: net income + income tax and social contribution + financial result + depreciation and amortization + non-recurring.

Result drivers vs. 2Q21

	+ 6.9%	Average net sales price
		Sales volume (+321 aMW)
	+ 7.9%
	R$ 279 million	Higher price and sales volume
	R$ 92 million
	Transmission segment RAP (cash effect)
	R$ 77 million	Short-term transaction (CCEE) result

Energy purchase for portfolio

Purchase volume 546 aMW higher:

R$ 215 million • Energy purchase contract with Jorge Lacerda TPP

		Net financial result
			Increase of 29.8%
		R$ 225 million	Financial income: R$ 152 million
		Financial expenses: R$ 877 million
			• R$ 409 million: monetary restatement
			• R$ 468 million: interest and others
			Concessions payable: R$ 256 million

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