Taesa Transmissora Aliança de Energia Eletrica S A : ITR 1Q24

(Convenience Translation into English from the Original Previously Issued in Portuguese)

Transmissora Aliança de Energia Elétrica S.A.

Report on Review of

Interim Financial Information

for the Three-month Period Ended March 31, 2024

Deloitte Touche Tohmatsu Auditores Independentes Ltda.

ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A.	Version: 1
	Contents
	Company Information
	Capital Breakdown	1
	Individual Financial Statements
	Balance Sheet - Assets	2
	Balance Sheet - Liabilities	3
	Statement of Income	5
	Statement of Comprehensive Income	6
	Statement of Cash Flows (Indirect Method)	7
	Statement of Changes in Equity
	Statement of Changes in Equity - 01/01/2024 to 03/31/2024	9
	Statement of Changes in Equity - 01/01/2023 to 03/31/2023	10
	Statement of Value Added	11
	Consolidated Financial Statements
	Balance Sheet - Assets	12
	Balance Sheet - Liabilities	13
	Statement of Income	15
	Statement of Comprehensive Income	16
	Statement of Cash Flows (Indirect Method)	17
	Statement of Changes in Equity
	Statement of Changes in Equity - 01/01/2024 to 03/31/2024	19
	Statement of Changes in Equity - 01/01/2023 to 03/31/2023	20
	Statement of Value Added	21
	Comments on Performance	22
	Notes to the Financial Statements	28
Opinions and Statements
	Special review report - Unqualified	81
	Statement of the Directors on the Financial Statements	83
	Statement of the Directors on the Independent Auditors' Report	84

ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A.

Version: 1

Company Information / Capital Breakdown

Number of Shares	Current Quarter
(Thousand)	03/31/2024
Of Paid-in Capital
Common	590,714
Preferred	442,783
Total	1,033,497
Treasury
Common	0
Preferred	0
Total	0

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ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A.

Version: 1

Individual Financial Statements / Balance Sheet - Assets

(In thousands of Brazilian reais - R$)

Account	Account Description	Current Quarter	Prior Year
Code		03/31/2024	12/31/2023
1	Total assets	17,266,222	17,127,396
1.01	Current assets	2,464,366	2,891,758
1.01.01	Cash and cash equivalents	689,230	1,143,367
1.01.01.01	Cash and banks	4,680	791
1.01.01.02	Short-term investments	684,550	1,142,576
1.01.03	Trade receivables	223,485	221,191
1.01.03.01	Trade receivables	223,485	221,191
1.01.03.01.01	Receivables from concessionaires and assignees	223,485	221,191
1.01.06	Recoverable taxes	274,712	268,090
1.01.06.01	Current recoverable taxes	274,712	268,090
1.01.08	Other current assets	1,276,939	1,259,110
1.01.08.03	Other	1,276,939	1,259,110
1.01.08.03.03	Dividends receivable	213,412	207,358
1.01.08.03.04	Other receivables and other assets	67,563	55,267
1.01.08.03.05	Concession contract asset	995,964	996,485
1.02	Noncurrent assets	14,801,856	14,235,638
1.02.01	Long-term assets	6,323,011	6,332,784
1.02.01.04	Trade receivables	37,056	37,040
1.02.01.04.01	Receivables from concessionaires and assignees	37,056	37,040
1.02.01.10	Other noncurrent assets	6,285,955	6,295,744
1.02.01.10.03	Securities	6,392	6,233
1.02.01.10.05	Other receivables	24,948	24,539
1.02.01.10.06	Escrow deposits	52,375	51,257
1.02.01.10.10	Concession contract asset	6,202,240	6,213,715
1.02.02	Investments	8,084,177	7,506,246
1.02.02.01	Ownership interests	8,084,177	7,506,246
1.02.02.01.01	Ownership interests in associates	2,001,343	1,936,770
1.02.02.01.02	Ownership interests in subsidiaries	4,435,508	4,014,805
1.02.02.01.03	Ownership interests in joint ventures	1,647,326	1,554,671
1.02.03	Property, plant and equipment	228,853	230,686
1.02.03.01	Property, plant and equipment in operation	226,956	228,513
1.02.03.02	Lease right of use	1,897	2,173
1.02.04	Intangible assets	165,815	165,922
1.02.04.01	Intangible assets	165,815	165,922

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ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A.

Version: 1

Individual Financial Statements / Balance Sheet - Liabilities

(In thousands of Brazilian reais - R$)

Account	Account Description	Current Quarter	Prior Year
Code		03/31/2024	12/31/2023
2	Total liabilities	17,266,222	17,127,396
2.01	Current liabilities	2,562,379	1,637,124
2.01.02	Trade payables	54,021	113,493
2.01.02.01	Domestic suppliers	54,021	113,493
2.01.02.01.01	Domestic suppliers	54,021	113,493
2.01.03	Taxes payable	23,354	32,512
2.01.03.01	Federal taxes payable	20,461	27,648
2.01.03.01.01	Income tax and social contribution payable	20,461	27,648
2.01.03.02	State taxes payable	751	2,227
2.01.03.03	Municipal taxes payable	2,142	2,637
2.01.04	Borrowings and financing	2,370,397	1,130,072
2.01.04.01	Borrowings and financing	152	6,197
2.01.04.01.01	In local currency	22	36
2.01.04.01.02	In foreign currency	130	6,161
2.01.04.02	Debentures	2,368,665	1,122,333
2.01.04.03	Finance lease	1,580	1,542
2.01.05	Other payables	114,607	361,047
2.01.05.02	Other	114,607	361,047
2.01.05.02.01	Dividends and interest on capital payable	82	228,083
2.01.05.02.04	Regulatory charges	47,425	45,248
2.01.05.02.05	Derivative financial instruments	855	160
2.01.05.02.06	Other payables	66,245	87,556
2.02	Noncurrent liabilities	7,646,962	8,810,962
2.02.01	Borrowings and financing	6,284,635	7,472,779
2.02.01.01	Borrowings and financing	351,527	346,697
2.02.01.01.02	In foreign currency	351,527	346,697
2.02.01.02	Debentures	5,932,226	7,124,873
2.02.01.03	Finance lease	882	1,209
2.02.02	Other payables	193,614	184,264
2.02.02.02	Other	193,614	184,264
2.02.02.02.03	Other payables	67,740	48,685
2.02.02.02.04	Derivative financial instruments	125,874	135,579
2.02.03	Deferred taxes	1,117,435	1,103,301
2.02.03.01	Deferred income tax and social contribution	1,117,435	1,103,301
2.02.03.01.01	Deferred income tax and social contribution	759,541	744,399
2.02.03.01.02	Deferred PIS and COFINS	357,894	358,902
2.02.04	Provisions	51,278	50,618
2.02.04.01	Provisions for tax, social security, labor and civil risks	51,278	50,585
2.02.04.01.01	Provisions for tax risks	15,479	15,338
2.02.04.01.02	Provisions for social security and labor risks	9,546	9,325
2.02.04.01.04	Provisions for civil risks	26,253	25,922
2.02.04.02	Other provisions	0	33
2.02.04.02.04	Provision for asset retirement	0	33
2.03	Equity	7,056,881	6,679,310
2.03.01	Realized capital	3,042,035	3,042,035

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ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A.

Version: 1

Individual Financial Statements / Balance Sheet - Liabilities

(In thousands of Brazilian reais - R$)

Account	Account Description	Current Quarter	Prior Year
Code		03/31/2024	12/31/2023
2.03.01.01	Subscribed and paid-in capital	3,067,535	3,067,535
2.03.01.02	(-) Share issuance costs	-25,500	-25,500
2.03.02	Capital reserves	598,736	598,736
2.03.04	Earnings reserves	3,081,130	3,081,130
2.03.04.01	Legal reserve	433,057	433,057
2.03.04.04	Unrealized earnings reserve	1,931,520	1,931,520
2.03.04.07	Tax incentive reserve	326,270	326,270
2.03.04.08	Additional dividends proposed	390,283	390,283
2.03.05	Retained earnings/Accumulated losses	374,027	0
2.03.08	Other comprehensive income	-39,047	-42,591

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ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A.

Version: 1

Individual Financial Statements / Statement of Income

(In thousands of Brazilian reais - R$)

Account	Account Description	Accumulated for the	Accumulated for the
Code		Current Year	Prior Year
		01/01/2024 to 03/31/2024	01/01/2023 to 03/31/2023
3.01	Revenue from sales and/or services	456,272	386,343
3.01.01	Revenue from infrastructure, inflation adjustment operation	272,946	238,059
	and maintenance and other, net
3.01.02	Compensation for concession contract asset	183,326	148,284
3.02	Cost of sales and/or services	-48,296	-26,995
3.02.01	Personnel	-20,944	-12,669
3.02.02	Material	-19,363	-7,956
3.02.03	Outside services	-6,858	-4,086
3.02.04	Depreciation and amortization	-5	-2,186
3.02.05	Other operating costs	-1,126	-98
3.03	Gross profit (loss)	407,976	359,348
3.04	Operating expenses/income	265,124	304,774
3.04.02	General and administrative expenses	-46,696	-37,852
3.04.02.01	Personnel and management	-34,674	-27,306
3.04.02.02	Outside services	-7,423	-7,956
3.04.02.03	Depreciation and amortization	-4,599	-2,590
3.04.05	Other operating expenses	-2,165	-183
3.04.06	Share of profit (loss) of subsidiaries	313,985	342,809
3.04.06.01	Share of profit (loss) of subsidiaries	313,985	342,809
3.05	Profit (loss) before finance income (costs) and taxes	673,100	664,122
3.06	Finance income (costs)	-276,828	-255,385
3.06.01	Finance income	17,613	22,184
3.06.02	Finance costs	-294,441	-277,569
3.07	Profit (loss) before income taxes	396,272	408,737
3.08	Income tax and social contribution	-22,245	-21,965
3.08.01	Current	-8,927	464
3.08.02	Deferred	-13,318	-22,429
3.09	Profit from continuing operations	374,027	386,772
3.11	Profit/loss for the period	374,027	386,772

3.99 Earnings per share (R$/share)

3.99.01 Basic earnings per share

3.99.01.01	Common	0.3619	0.37424
3.99.01.02	Preferred	0.3619	0.37424

3.99.02 Diluted earnings per share

3.99.02.01	Common	0.3619	0.37424
3.99.02.02	Preferred	0.3619	0.37424

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ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A.

Version: 1

Individual Financial Statements / Statement of Comprehensive Income

(In thousands of Brazilian reais - R$)

Account	Account Description	Accumulated for the	Accumulated for the
Code		Current Year	Prior Year
		01/01/2024 to 03/31/2024	01/01/2023 to 03/31/2023
4.01	Profit for the period	374,027	386,772
4.02	Other comprehensive income	3,544	-6,093
4.02.01	Fair value adjustment to derivative financial instruments	3,544	-6,093
4.03	Comprehensive income for the period	377,571	380,679

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ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A.

Version: 1

Individual Financial Statements / Statement of Cash Flows (Indirect Method)

(In thousands of Brazilian reais - R$)

Account	Account Description	Accumulated for the	Accumulated for the
Code		Current Year	Prior Year
		01/01/2024 to 03/31/2024	01/01/2023 to 03/31/2023
6.01	Net cash from operating activities	286,829	491,854
6.01.01	Cash generated by operations	138,387	144,464
6.01.01.01	Profit for the period	374,027	386,772
6.01.01.02	Share of profit (loss) of subsidiaries	-313,985	-342,809
6.01.01.03	Depreciation and amortization	4,328	3,577
6.01.01.04	Interest, exchange rate changes, net and fair value	10,902	-3,874
	adjustment to borrowings and financing
6.01.01.05	Interest, inflation adjustment and fair value adjustment to	271,047	254,612
	debentures
6.01.01.06	Current income tax and social contribution	8,927	-464
6.01.01.07	Deferred income tax and social contribution	13,318	22,429
6.01.01.08	Provision for tax, social security, labor and civil risks	28	35
6.01.01.09	Deferred taxes	-1,008	-1,249
6.01.01.10	Expense on inflation adjustment to contingencies	935	3,642
6.01.01.11	Interest on lease liabilities	58	101
6.01.01.12	Revenue from infrastructure implementation	-21,035	-630
6.01.01.13	Loss on derivative financial instruments	6,837	17,109
6.01.01.14	(Reversal of) allowance for variable portion	567	-20,541
6.01.01.15	Income from short-term investments	-159	-179
6.01.01.16	Infrastructure implementation cost	14,685	357
6.01.01.17	Compensation for concession contract asset	-183,326	-148,284
6.01.01.18	Inflation adjustment to concession contract asset	-47,385	-27,194
6.01.01.19	Depreciation of right of use	276	1,199
6.01.01.20	Revenue from inflation adjustment to escrow deposits	-650	-145
6.01.02	Changes in assets and liabilities	148,442	347,390
6.01.02.01	Decrease in receivables from concessionaires and assignees	260,811	209,298
	and concession contract asset
6.01.02.02	Income tax and social contribution paid	-22,365	-7,753
6.01.02.03	(Increase) decrease in taxes and social contribution assets, net	-2,343	1,698
	of liabilities
6.01.02.05	(Increase) in other receivables	-13,175	-16,540
6.01.02.06	(Decrease) in trade payables	-74,161	-34,953
6.01.02.07	Increase in regulatory fees	2,177	933
6.01.02.08	(Decrease) in other payables	-2,502	-22,197
6.01.02.09	Dividends received from subsidiaries	0	167,675
6.01.02.10	Dividends received from joint ventures and associates	0	49,229
6.02	Net cash from investing activities	-272,661	-914,390
6.02.04	Net additions to property, plant and equipment and intangible	-2,661	-21,659
	assets
6.02.07	Capital increase in subsidiaries	-270,000	-892,731
6.03	Net cash from financing activities	-468,305	448,439
6.03.01	Payment of borrowings and financing - principal	-13	-965
6.03.02	Payment of borrowings and financing - interest	-12,104	-9,706
6.03.03	Payment of debentures - principal	-75,000	0
6.03.04	Payment of debentures - interest	-142,362	-58,761

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ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A.

Version: 1

Individual Financial Statements / Statement of Cash Flows (Indirect Method)

(In thousands of Brazilian reais - R$)

Account	Account Description	Accumulated for the	Accumulated for the
Code		Current Year	Prior Year
		01/01/2024 to 03/31/2024	01/01/2023 to 03/31/2023
6.03.05	Payment of derivative financial instruments	-10,478	-15,310
6.03.07	Issuance of debentures, net of transaction costs	0	995,181
6.03.09	Payment of dividends and interest on capital	-228,001	-459,997
6.03.10	Payment of lease liability	-347	-2,003
6.05	Increase (decrease) in cash and cash equivalents	-454,137	25,903
6.05.01	Opening balance of cash and cash equivalents	1,143,367	759,628
6.05.02	Closing balance of cash and cash equivalents	689,230	785,531

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