Engie Brasil Energia S A : Institutional Presentation 4Q21/2021

ENGIE Brasil Energia

Institutional Presentation

4Q21 and 2021 February 2022

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.

ENGIE Brasil Energia S.A. Institutional Presentation 4Q21 and 2021

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 4Q21 and 2021

1.

Highlights

5.

Expansion

2.	Shareholding Structure	6.	Financial
and Business Segments	Performance

3.	Energy Market in	7.	Supporting
Brazil	Data

4.	Sales and Energy Trading
Strategy

ENGIE Brasil Energia S.A. Institutional Presentation 4Q21 and 2021

Highlights

R$ 1,591 million

• R$ 1,076 million
• R$ 200 million

R$ 602 million

- R$ 35 million

Hydrological risk renegotiation (+R$ 623 million)

Non-recurring

Impairment of Pampa Sul TPP and EGSD (+R$ 977 million)

Result of the sale of CTJL

TAG's contribution to the Company's Ebitda (+R$ 115 million)

Short term transactions

Portfolio management mitigated the impact of the water crisis, which caused a greater generation deficit and consequent increase in PLD (-R$ 276 million)

ENGIE Brasil Energia S.A. Institutional Presentation 4Q21 and 2021

Adjusted Ebitda1		Adjusted Net income
(R$ million)		(R$ million)
+12.3%		- 11.8%
	7,217	2,686
6,427	1,276		2,369
-8.4%			804
	-44.0%
6,484	5,941	2,797
			1,565
-57		-111
2020	2021	2020	2021
	Recurring	Non-recurring

Net financial result

Decrease of 63.6% (R$ 1,197 million):

- R$ 3,079 million	-	R$ 864 million: monetary restatement
	-	R$ 335 million: interest

Note:

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

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