Light S A : 23th Morgan Stanley Conference Presentation

23rd Morgan Stanley LatAm Conference

September 15, 2020

TURNAROUND

generating results in 1 year
Jun '19	Jun '20

Losses Combat	9,739 GWh	8,825 GWh	-914GWh
(12 months)

Reduction of contingencies	R$164 mn	R$157 mn	-R$7mn
(6 months)

Reduction & control of PMS	R$501 mn	R$464 mn	-R$37mn
(6 months)

Liability Management	9.34%	7.12%	-2.2p.p.
(Nominal cost, 12 months)

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NOTES: (1) Consolidated values of Light S.A.; (2) Contingencies and PMS adjusted for PDV expenses incurred in 1Q20 e 2Q20

L O S S E S C O M B AT

RESTRUCTURING

COMMERCIAL AREA

Change of approx. 80% of the leadership

Decentralization of the commercial area's management with the creation of regional branches

Development of a loss combat plan with diagnosis by regional branches

Improvement in target identification process for inspections and normalization

Qualification and training of operational teams

Insourcing of teams with increased productivity and better ethical control

Normalization supported by the Police

Training of field teams

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L O S S E S C O M B AT

SHIELDING

OF POWER GRID

CHALLENGES

Invest in shielded grid where measurement has already been modernized

Regularize customers

and recover market

DIAGNOSTIC

Vulnerable power grid in

telemetering areas

High loss

High commercial debt

Low presence of public authorities

Moderate income

ACTIONS

Change in grid topology making it difficult to access the LV grid

Educational actions

Energy efficiency (replacement of lamps and refrigerators)

Registration of customers in the

Social Tariff

REGULARIZATION

OF CLANDESTINE INSTALLATIONS

Use the cadastral system to identify buildings without a power grid

Regularization of clandestine installations in condominiums

and "irregular" buildings

Loss reduction focusing on energy incorporation

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