Equatorial Transmissão

November 04, 2016

Equatorial Energia 2

OWNERSHIP CULTURE

  • Strong Alignement of Interests

  • Value Creation

FAST DECISION PROCESS

MANAGERIAL PROWESS

  • Benefiting from windows of opportunities

    • Operational

    • Capital Allocation

    • Risk Control

      Equatorial History 3

      • Equatorial IPO

      • PCP Latin America acquires 46% of EQTL

  • Acquisition of Stake in Light

  • Novo Mercado entrance

  • Acquisition of a 25% stake in Geramar

Acquisition of 51% of Sol Energias

Equatorial Transmissão Creation

2004

2007

2009

2016

2012

2006

2008

2011 2015

CEMAR's

Acquisition

GP stake acquired by PCP

Sale of Light's stake

  • CELPA's Acquisition

  • EQTL Follow on

Transmission Auction

4,0

0,00,3

Leverage (Net Debt/ Regulatory EBITDA )

0,9 1,4 1,2 1,2 1,4 1,7

Transmission Auction Conditions 4

39% 38% 43% 50% 55%

13%

24% 40% 28% 26%

12%

12%

12% 3%

Average Discount to Max Revenue

# Lots 29

# Empty Lots

2021

24 23

35

26 26

24

17

12

10 10

13 13

3

2

1

1

0

0

0

7 7 7

0 0 0

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Auctions' Historical Figures

7,5%

7,0% 6,6%

WACCRegulatory

6,0% 5,6%

4,6%

5,0% 4,6%

5,6%

8,5%

9,5%

Higher WACC Higher Regulatory Capex

Longer Construction Period

Smaller Lots Size

Equatorial Energia SA published this content on 04 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 November 2016 16:39:06 UTC.

Original documenthttp://www.equatorialenergia.com.br/download_arquivos.asp?id_arquivo=A0B4745B-3DD3-4F18-9A96-2248D93F5F06

Public permalinkhttp://www.publicnow.com/view/CD7688877FE5BB79BBF20AA69E0A24C457AE2FDA