Engie Brasil Energia S A : Institutional Presentation 4Q22 and 2022

ENGIE BRASIL ENERGIA

Institutional Presentation 4Q22 and 2022

March 2023

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 4Q22 and 2022 |

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Contents

Highlights and ESG

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 4Q22 and 2022 |

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01	Trairi Wind Complex

Highlights and ESG KPIs

ENGIE Brasil Energia S.A. Institutional Presentation 4Q22 and 2022 |

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Highlights

Result drivers vs. 2021

2021 Non-recurring events

EBITDA (R$ million)

Ebitda

+14.3%

6,790

5,941

1,591

+56.1%

Adjusted Ebitda1

	-3.8%
7,217	6,941
1,591	151
+23.4%
1,276

R$ 1,276 million Impairments and result from the sale of asset

R$ 1,591 million Hydrological risk negotiation (GFOM) in 2021

2022 Results - Adjusted ex-GFOM

➢ Increase in adjusted Ebitda ex-GFOM: +23.4%

	6,790		6,790
4,350		4,350				GFOM
						Non-recurring
						Ebitda
2021	2022	2021	2022

NET INCOME (R$ million)

		Net Income		Adjusted Net Income
		+70.3%				+16.7%
					2,764
		2,665
					99
		2,369
				+109.6%
				1,050
1,565
		2,665	+417.5%		2,665
1,050			804							GFOM
515			515							Non-recurring
								Net income
2021	2022	2021	2022

Note:

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

➢ Increase in adjusted Net Income ex-GFOM: +109.6%

R$ 1,187 million Increase of 11.5% in price and 4.3% in sales volume

	R$ 220 million	CCEE Net Result

		R$ 348 million	Transmission segment RAP (cash effect)
		R$ 220 million	Lower fuel consumption
		Energy purchase for portfolio
		R$ 695 million	Primarily due to the energy purchase contract with
			Jorge Lacerda Thermal Power Plant
		Net financial result
		Financial income: > R$ 304 million
		R$ 564 million
		Financial expenses: > R$ 63 million
			Concession payable expenses: < R$ 323 million
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