Companhia Paranaense De Energia · BMFBOVESPA:CPLE3
Companhia Paranaense De Energia — Energy Co of Parana — Q1 2021 Earnings Presentation
148 slides from Companhia Paranaense De Energia's earnings presentation, May 6, 2021
Slide 1: Earnings Release 1Q21
Earnings Release 1Q21 Copel reports adjusted EBITDA of RS 1.4 billion in the first quarter © EBITDA (including discontinued operations) of RS 1,371 million in 1021 (+ 19%) 1Q21 Results Conference Call 5.6.2021 - 1:00 p.m ET © Ist UNIT Program is approved by Board of Directors (negotiation of CPLE 11
Slide 2: List of Contents
LIST OF CONTENTS 1. Main Events in the Period 2. Financial Performance 2.1 Operating Revenues 2.2 Operating Costs and Expenses 2.3 Equity in the Earnings of Subsidiaries 2.4 EBITDA 2.5 Financial Result 2.6 Consolidated Net Income 2.7 Consolidated Income Statement 3. Main Accounts and Balance Sheet C
Slide 3: 1. Main Events in the Period
1. Main Events in the Period In 1Q21, earnings before interest, taxes, depreciation and amortization reached R$ 1,303.2 million, 18.8% higher than the R$ 1,096.8 million recorded in 1Q20. This result reflects, basically, the growth of 31, 4% in the “electricity sales to distributors” line, mainly du
Slide 4: Earnings Release 1Q21
Earnings Release 1Q21
Slide 5: Basic Network of the Existing System
Basic Network of the Existing System ("RBSE") - Aneel approves re-profiling ANEEL, in an extraordinary board meeting held on April 22, 2021, approved the re-profiling of the payment of the financial component of the Basic Network of the Existing System ("RBSE"), established in Ordinance MME No. 120/
Slide 6: Commercial Start of TL (500 kV) Curitiba Leste - Blumenau
Commercial Start of TL (500 kV) Curitiba Leste - Blumenau On April 12, 2021, the Company received the Definitive Release Terms (TLDONS / 159/4/2021 and TLDONS / 161/4/2021) for entry into commercial operation, of the Transmission Line (“TL”) 500 kV Curitiba Leste - Blumenau, with retroactive effects
Slide 7: Public Hearing for Copel Distribuição's 5th Tariff Review Cycle
Public Hearing for Copel Distribuição's 5th Tariff Review Cycle On March 30, 2021, Aneel published Notice of Public Hearing Nº 11/2021 which aims to obtain subsidies for the process of the 5th Periodic Tariff Review Cycle of Copel Distribuição, with the net value of the regulatory remuneration base
Slide 8: 66th Ordinary General Meeting and Payment of Intermediate Dividends
66th Ordinary General Meeting and Payment of Intermediate Dividends On April 29, 2021, the 66th Annual Shareholders' Meeting (“AGM”) of the Company approved the proposal for the allocation of the results for the fiscal year 2020, being: (i) R$ 807.5 million for payment of interest on own capital (“I
Slide 9: Election of the Company's Supervisory Board
Election of the members of the Company's Supervisory Board At the 66th Ordinary General Meeting, held on April 29, 2021, the following members were elected / re-elected to compose the Company's Supervisory Board, for the term of 2021 to 2023:
Slide 10: Election of the Appointment and Evaluation Committee
Election of the members of the Company's Appointment and Evaluation Committee At the 66th Ordinary General Meeting, held on April 29, 2021, the following members were elected / re-elected to compose the Company's Appointment and Evaluation Committee, for the term of 2021 to 2023:
Slide 11: Hydrological Risk Renegotiation
Resolution No. 895/20 was issued, which establishes the methodology for calculating the compensation and the procedures for the renegotiation of the hydrological risk, which will occur through the extension of the concession period for generation grants and will be recognized as an intangible asset
Slide 12: Copel Telecomunicações Discontinued Operation
It should also be noted that, as a result of the progress of the divestment process of Copel Telecomunicações, Copel's Management concluded that, on September 30, 2020, the requirements of CPC 31 were met to classify the assets and liabilities of the telecommunications segment as kept for sale and a
Slide 13: 2.2 Operating Costs and Expenses
2.2 Operating Costs and Expenses In 1Q21, operating costs and expenses increased 24.2%, totaling R$ 4,026.3 million, mainly as a result of (i) an 80.5% growth in the “charges of the main distribution and transmission grid”, due to higher expenses with System Service Charges - (ESS), due to the highe
Slide 14: Earnings Release 1Q21
Earnings Release 1Q21
Slide 15: Electricity purchased for resale
“Electricity purchased for resale” costs increased 12.7% as a result of (a) the higher cost of bilateral contracts to cover the higher volume of electricity sold by Copel Mercado Livre, and (b) the impact of the dollar variation on the energy contract with Itaipu, partially offset by the lower avera
Slide 16: Provisions and reversals
Also noteworthy is the (i) reduction of 42.2% in the line "provisions and reversals", with provisions of R$ 74.9 million in 1Q21, of which R$ 41.9 million refer to the provision for doubtful debts (of which R$ 39.8 million was recorded at Copel Dis) and R$ 32.9 million for litigation, mainly labor (
Slide 17: Earnings Release 1Q21
Earnings Release 1Q21
Slide 18: PMSO costs
PMSO costs (except for estimated losses and the provisions and reversals line) grew 13.0%, reflecting the (i) 22.7% increase with third-party services, mainly for the maintenance of the electrical system, (ii) 10.8% growth in expenses with “personnel and management ” and (iii) 17.9% increase in “oth
Slide 19: Personnel and management costs
Specifically on costs with “personnel and management”, the 10.8% increase is related to the higher record of profit sharing program (“PLR”) and performance premium (“PPD”), which are due to the higher results of the Company, highlighting that the PPD had not been provisioned in 1Q20. Neutralizing th
Slide 20: Earnings Release 1Q21
Earnings Release 1Q21
Slide 21: Copel Telecom discontinued operation
It is also noteworthy that Copel's Management concluded, on September 30, 2020, that the requirements of CPC 31 were met to classify the assets and liabilities of the telecommunications segment as held for sale and, also, for the disclosure of this segment as discontinued operation. As a result, Cop
Slide 22: Earnings Release 1Q21
Earnings Release 1Q21
Slide 23: 2.4 EBITDA
2.4 EBITDA In 1Q21, earnings before interest, taxes, depreciation and amortization reached R$ 1,303.2 million, 18.8% higher than the R$ 1,096.8 million recorded in 1Q20. This result reflects, basically, the growth of 31, 4% in the “electricity sales to distributors” line, mainly due to the sale of 6
Slide 24: Earnings Release 1Q21
Earnings Release 1Q21
Slide 25: Adjusted EBITDA and 2.5 Financial Result
If we do not consider Equity Income, the adjusted EBITDA for 1Q21 would be R$ 1,288.0 million, an increase of 7.8% in relation to 1Q20. 2.5 Financial Result In 1Q21, the financial result was a negative R$ 19.1 million, compared to a negative R$ 84.8 million in 1Q20. Financial income totaled R$ 268.3
Slide 26: Earnings Release 1Q21
Earnings Release 1Q21
Slide 27: 2.6 Consolidated Net Income
2.6 Consolidated Net Income In 1Q21, Copel recorded net income of R$ 759.2 million, an amount 50.5% higher than the R$ 504.6 million presented in the same period in 2020. The above figures do not consider the effects of the accounting reclassification referring to Copel Telecom's “discontinued opera
Slide 28: 2.7 Consolidated Income Statement
2.7 Consolidated Income Statement
Slide 29: Income Statement
income Statement 1021 4020 1020 Var.%6 (a) (2) (3) (1/3) ‘OPERATING REVENUES, 4,985,793 5,655,158 4,066,687 26 Electricity sales to final customers 1,750,716 1,768,797 1,758,660 (05) Electricity sales to distributors 1,152,336 1,435,982 876,751 314 Use of the main distribution and transmission grid
Slide 30: 3. Main Accounts and Balance Sheet Changes
3. Main Accounts and Balance Sheet Changes The main accounts and changes in the Balance Sheet in relation to December 2020 are described below. Additional information can be found in the Notes to our Quarterly Information. 3.1 Main Accounts Cash, Cash Equivalents and Bonds and Securities As of March
Slide 31: Contract Assets
,804.0 195.2 Contract Assets CPC 47/IFRS 15 came into effect on January 1, 2018 and brought the concept of “contract assets” referring to the right to consideration conditioned to the copliance with obligations to operate and maintain infrastructure, rather than passage of time only (concept of “fin
Slide 32: 3.2 Balance Sheet – Assets
3.2 Balance Sheet – Assets
Slide 33: Balance Sheet – Assets
“assets Mar-21 Dec-20 Miar-20 Var 2) 2 8) (1/3) ‘CURRENT 11,433,290 11,407,430 7,903,235 447 Cash and cash equivalents 2,924,126 3,222,768 «3,014,957 (3.0) Bonds and securities 1,505 1,465, 1,446 4a Collaterals and escrow accounts 224 197 140 60.0 Customers 3,631,671 «3,768,242 3,063,661 18.5 Divide
Slide 34: 3.3 Debt
3.3 Debt Gross Debt Copel's total consolidated debt totaled R$ 9,635.7 million on March 31, 2021, down 3.1% in relation to the amount recorded on on December 31, 2020, of R$ 9,946.0 million. It should be noted that there was a reclassification to Liabilities associated with assets classified as held
Slide 35: Loans, financing and debentures maturities
Loans, financing and debentures maturities are presented below:
Slide 36: Endorsements and Guarantees
Endorsements and Guarantees Until March 31th, 2021, the Company had R$ 977.5 million in guarantees and endorsements, as shown below.
Slide 37: Consolidated net debt
Copel’s consolidated net debt (loans, financing and debentures less cash and cash equivalents) and the net debt/EBITDA ratio are shown in the following chart:
Slide 38: Net Debt by Subsidiary
EBITDA 12 months. Does not consider discontinued operations. Excludes equity income. Current: Cash and cash equivalents, marketable securities, collaterals and escrow accounts. Non-current: Securities, other temporary investments, collaterals and escrow accounts. Debt: Loans, financing and debenture
Slide 39: Debt by Subsidiary
R$'000 GeT Dis Telecom Holding Other Total Total debt 4,434,396 2,579,404 670,220 1,296,126 655,597 9,635,744 Availability 723,673 1,101,125 281,520 149,306 1,141,323 3,396,947 Net debt 3,710,723 1,478,279 388,700 1,146,820 (485,725) 6,238,797 ‘Average Cost 4.84% 4.49% 5.62% 3.44% 6.67% 5.17% Durati
Slide 40: Accounts Payable related to the Concession
Accounts Payable related to the Concession Use of Public Property It refers to the concession charges for the use of public property incurred since the execution of the project’s concession agreement until the end of the concession.
Slide 41: Lawsuits classified as possible losses
30.2). The lawsuits classified as possible losses (those that are not provisioned in the balance sheet), as estimated by the Company and its controlled companies at the end of March , 2021 , totaled R$ 1,539.6 million, 1.1 % lower than that registered in January 1 st , 2021 (R$ 1,555.7 million), dis
Slide 42: 3.4 Balance Sheet – Liabilities
3.4 Balance Sheet – Liabilities
Slide 43: Balance Sheet – Liabilities
R$'000 vulues Mar-2 Dee-20 Mar-20 var% a @ oy (4/3) ‘CURRENT 10,203,834 9,654,392 5,167,618 975 Payroll, social charges and accruals 743,378 684,046 353,230 nos suppliers 2,036,920 2,291,307 1,533,067 329 Income tax and social contribution payable 817,502 ee1e3 305,119 6777 Othertaxes due 430,859 49
Slide 44: 4.1 Copel Geração e Transmissão
4. Performance of the Main Companies 4.1 Copel Geração e Transmissão (Consolidated Result) Copel GeT presented EBITDA of R$ 895.0 million in 1Q21, an increase of 41.7% in relation to the R$ 631.5 million in 1Q21. This result is mainly due to (i) the 51.9% increase in revenue from electricity sales t
Slide 45: Copel GeT Main Indicators
R$'000 Main indicators 1021 4Q20 1020 Var.% (1) (2) (2) (1/2) Net Operating Revenue (R$ million) 1565.8 16583 1141.1 37.2 Operating Costs and Expenses (R$ million) (394.5) (902.2) (676.6) 32.2 Operating Income (R$ million) 666.5 780.2 416.7 59.9 Net Income (R$ million) 4785 668.1 2773 72.6 EBITDA (R
Slide 46: Copel GeT Adjusted EBITDA
Except for the extraordinary effects listed below, Copel GeT's adjusted EBITDA grew 30.0% compared to 1Q20.
Slide 47: Copel GeT Manageable Costs
Manageable costs, excluding provisions and reversals, grew by 22.5%, mainly due to (i) the 41.3% increase in the item “other operating costs and expenses”, mainly due to the greater impact of the financial compensation for the use of water resources and; (ii) the 33.2% increase in third-party servic
Slide 48: Copel GeT Personnel Costs
Excluding the effects of profit sharing program (“PLR”) and performance premium (“PPD”), the personal and management account decreased by 2.1% in relation to the amounts recorded in 1Q20. We highlight the 3.89% salary adjustment applied in October 2020, according to a collective agreement
Slide 49: Copel GeT Net Income
In 1Q21, Copel GeT recorded net income of R$ 478.5 million, 72.6% higher than the R$ 277.3 million recorded in 1Q20.
Slide 50: 4.2 Copel Distribuição
4.2 Copel Distribuição In 1Q21, Copel Distribuição recorded an EBITDA of R$ 341.8 million, a reduction of 19.1% compared to the R$ 422.7 million recorded in 1Q20, mainly due to (i) the 7.8% reduction revenue from electricity sales to final costumers, resulting from the 2.5% reduction in the volume o
Slide 51: Copel Distribuição Manageable Costs
No non-recurring events were identified that would affect EBITDA in 1Q20 and 1Q21. Therefore, there is no adjusted EBITDA in the quarters. Manageable costs grew 10.6% compared to 1Q20, mainly due to (i) the 10.6% increase in personnel and management expenses, given the provisions for profit sharing
Slide 52: Earnings Release 1Q21
Earnings Release 1Q21
Slide 53: Copel Distribuição Personnel Costs
Excluding the effects of provisions for Performance Incentive Program – “PPD”, Profit Sharing Program – “PLR”, and Indemnification for voluntary dismissal – “PDI”, the personal and management account registered a reduction of 2.4% in relation to the amounts recorded in 1Q20.
Slide 54: 4.3 Copel Telecomunicações
4.3 Copel Telecomunicações In 1Q21, Copel Telecom recorded an EBITDA of R$ 46.1 million, an increase of 9.9% compared to an EBITDA of R$ 42.0 million recorded in 1Q20, mainly as a result of the 10.3% reduction in operating costs and expenses, due to the net record of reversals of R$ 1.6 million in 1
Slide 55: Earnings Release 1Q21
Earnings Release 1Q21
Slide 56: Copel Telecom Adjusted EBITDA
Adjusted EBITDA in 1Q21, considering the extraordinary effects listed below, was R $ 52.8 million, a result 6.6% better than that recorded in 1Q20.
Slide 57: Copel Telecom Divestment Process
As a result of the progress of the Copel Telecomunicações’ divestment process, Copel's Management concluded that, on September 30, 2020, the requirements of CPC 31 were met in order to classify the assets and liabilities of the telecommunications segment as held for sale and, still, for the disclosu
Slide 58: Earnings Release 1Q21
Earnings Release 1Q21
Slide 59: Copel Telecom Personnel Costs
Excluding the effects of provisions for Performance Incentive Program – “PPD”, Profit Sharing Program – “PLR” and Indemnification for voluntary dismissal – “PDI”, the personal and management account registered a drop of 4.6% in relation to the values recorded in 1Q20.
Slide 60: 4.4 Copel Comercialização
4.4 Copel Comercialização (Copel Mercado Livre) In 1Q21, Copel Mercado Livre recorded an EBITDA of R$ 23.3 million, an amount 95.5% higher than the R$ 11.9 million in 1Q20, mainly reflecting the higher volume of electricity sold to free consumers and bilateral contracts and the increase in trading m
Slide 61: Copel Mercado Livre Main Indicators
RS'000 1Q21 4Q20 1Q20 Var.% Main Indicators a Ye Net Operating Revenue (R$ million) 894.5 661.5 538.8 66.0 Operating Costs and Expenses (R$ million) (871.2) (650.9) (526.9) 65.4 Operating Income (R$ million) 27.1 15.3 13.8 96.8 Net Income (R$ million) 17.9 10.1 91 96.5 EBITDA (R$ million) 23.3 10.7
Slide 62: Copel Comercialização Adjusted EBITDA
Except for extraordinary effects, adjusted EBITDA in 1Q21 was R$ 22.2 million, compared to R$ 8.3 million in 1Q20.
Slide 63: 4.5 Accounting Information
4.5 Accounting Information Accounting information concerning Copel’s interests in other companies on March 31, 2021, is shown in the following table :
Slide 64: Accounting Information of Interests
R$'000 ‘Shareholders’ Net Oper. Partnerships - Mar/21 Total Assets cauity Revenue, Net Income Parent Company (Consolidated) ‘Companhia Paranaense de Gas - Compagés 765,098 518,858 159,555 23,798 Elejor - Centrais Elétricas do Rio Jordao S.A. 736,310 (8,965) 49,755 (22,455) UEG Araucéria Ltda 593,584
Slide 65: 5. Investment Program
5. Investment Program The following chart shows the investment program carried out in 1Q21 and scheduled for 2021:
Slide 66: Investment Program by Subsidiary
RS million Carried Scheduled* Subsidiary / SPC 1021 soot Copel Geraco e Transmissao 748 622.8 TL Curitiba Leste-Blumenau 128 22.0 TLIbipord-Londrina (Contract 060/2001) 143 18.4 SHP Bela Vista 12.0 16.0 ‘SPC Virapuru o2 - Cutia Empreendimentos Edlicos o2 22.0 Jandaira Wind Complex 24 270.2 Moderniza
Slide 67: 6. Power Market and Tariffs
6. Power Market and Tariffs 6.1 Captive Market – Copel Distribuição Copel Distribuição’s captive market energy sales totaled 5,051 GWh in 1Q21, a reduction of 2.5% in relation to 1Q20, mainly as a result of (i) the 11.4% reduction in commercial class consumption, reflecting the reduction in the leve
Slide 68: 6.2 Grid Market (TUSD)
For further details, access the Notice to the Market - IR 15/21 (link). 6.2 Grid Market (TUSD) Copel Distribuição’s grid market, comprising the captive market, concessionaires and licensees in the state of Paraná, and all free consumers in the Company’s concession area, adjusted by removing consumer
Slide 69: Earnings Release 1Q21
Earnings Release 1Q21
Slide 70: 6.3 Electricity Sales
6.3 Electricity Sales Copel’s energy supply —the volume of energy sold to final customers, which comprises sales in Copel Distribuição’s captive market and free market sales by Copel Geração e Transmissão and Copel Comercialização — increased 3.1% between January and March 2021. The breakdown of ene
Slide 71: 6.4 Total Energy Sold
6.4 Total Energy Sold Total energy sold by Copel in all markets, comprising sales by Copel Distribuição, Copel Geração e Transmissão, Wind Farms and Copel Comercialização totaled 15,783 GWh in the first quarter of 2021, an increase of 18% compared with the same period last year. The following table
Slide 72: Earnings Release 1Q21
Earnings Release 1Q21
Slide 73: TPP Araucária
TPP Araucária Additionally, UTE Araucária had a significant dispatch in the first quarter of this year, due to the hydrological conditions in the South region and the reduction of energy available in the system. The comparison with the amount of energy produced by the thermoelectric plant in the sam
Slide 74: Earnings Release 1Q21
Earnings Release 1Q21
Slide 75: TPP Araucária Generation
GWh ‘TPP Araucéria - UEGA 1921 1Q20 Var. % Own Generation’ 687 352 95.2 Font: CCEE * Value of generation accounted for with losses from the CCEE.
Slide 76: 6.5 Energy Flow
6.5 Energy Flow Energy Flow – Copel Dis
Slide 77: Energy Flow - Copel Dis
Energy Flow - Copel Dis 1021 1920 Var. % Itaipu 1,340 1,367 (2.0) CCEAR — Group Companies 39 39 - CCEAR — Other 2,983 2,904 27 ‘Assigments - Mechanism tor Compensation of Surpluses and Daficits (MICS) ENP 88 195 (54.9) CCEE (MCP) . 12 - Angra 241 241 : CGF 1,493 1545 (3.4) Proinfa 99 107 (75) Elejor
Slide 78: Energy Flow – Copel GeT
Energy Flow – Copel GeT
Slide 79: Energy Flow - Copel GeT
GWh Energy Flow - Copel GeT 1021 1920 Var. % Own Generation (net of losses) 4895 2,168 1258 Dona Francisca 34 35 (2.9) Copel Comercializagao 207 ) Other C) ) MRE Receipt 0 2,164 (100.0) Total Available Power 5,136 4,367 17.6 Bilateral Agreements 153 675 (773) Bilateral Agreements - Copel Comercializ
Slide 80: Energy Flow – Wind Farms
Energy Flow – Wind Farms
Slide 81: Energy Flow - Wind Farms
Energy Flow - Sao Bento Energia 1021 1020 Var. % Own Generation 86 46 87.0 CEE (MCP) 62.0 Total Available Power 148 46 221.7 CCEAR - Other 94 95 (1.4) CEE (MCP) 63 - - Losses and differences (9) (49) (81.6) Energy Flow - Brisa Potiguar 1021 1020 Var. % Own Generation 148 82 805 CEE (MCP) 42.0 Total
Slide 82: Energy Flow – Copel Mercado Livre
Energy Flow – Copel Mercado Livre
Slide 83: Energy Flow - Copel Comercialização
GWh Energy Flow - Copel Com 1921 1020 Var. % Copel GeT 3314 1,778 86.4 Other* 1,885 1,086 73.6 CCEE (MCP) - 42 (100.0) Total Available Power 5,199 2,906 78.9 Free Customers 1,967 1,110 772 Bilateral Agreements 2,885, 1,787 614 Bilateral Agreements - Copel GeT* 311 - - CCEE (MCP) 36 9 300.0 "include
Slide 84: Consolidated Energy Flow (Jan to Mar 2021)
Consolidated Energy Flow (Jan to Mar 2021)
Slide 85: Consolidated Energy Flow
Gwh ‘Own Generation 5,410 __ 39.9% Captive Market 5,051 _37.2% Concessionaires? 0.1% ysales to distributor CCEE® 410.3% ‘Assignment MCSD EN* 174 1.3% CCE (MVE 102 0.8% Total Available Power 13,573 Free Customers Purchased energy 2,295 2163 60.1% cceaR: 2,983 Supplied Energy 16.9% Itaipu: 1,340 5,118
Slide 86: 6.6 Tariffs
6.6 Tariffs Sales to Distributors Average Tariff (CCEARs) – Copel Geração e Transmissão
Slide 87: Power Purchase Average Tariff – Copel Distribuição
Power Purchase Average Tariff – Copel Distribuição
Slide 88: Power Purchase Average Tariff
R$ / MWh Amount Mar/21—Dec/20.— Mar/20.—Var. % Tariff* Average MW (1) (2) (3) (1/3) Itaipu* 583.9 362.6 335.6 358.6 1 Aur n — CCEAR 2010 — H30 72.5 (240.2 240.2 235.7 19 Aur n — CCEAR 2010 - T15? 60.1 58.5 218.2 (153.7 (62.0) Aur n — CCEAR 2011 — H30 59.9 247.6 247.6 242.9 2.0 Aut n — CCEAR 2011 -T1
Slide 89: Sales to Final Customers Average Tariff
Sales to Final Customers Average Tariff Copel Distribuição
Slide 90: Average Tariff by Customer Class
RS / MWh nit Mar-24 Dec-20 Mar-20 Var. % (a) (2) (3) (2/3) Industrial 497.28 498.82 491.54 12 Residential 485.83, 487.41 504.68 (3.7) Commercial 577.18 574.57 573.95 06 Rural 500.75 499.57 469.21 67 Other 356.05 356.03 364.09 (2.2) Retail supply average tariff (R$/MWh) 538.08 537.81 536,70 0.26 Dema
Slide 91: 7. Capital Market
7. Capital Market 7.1 Capital Stock COPEL's share capital is R$ 10,800 million, comprising shares with no par value. In March 2021, the Company's capital was represented as follows:
Slide 92: Shareholder Structure
“Thousand shares, “Thousand shares Shareholders Common %__Prefered"A” _% —Prefened"B" TOTAL % UNITS _% ‘State ofParand 734316 oor : 115970 69) ssoa86, 314 25992, 105 BNDESPAR 131362 a : 524606 312 6ssa0s, 240 aayiez 473 Bletrobras 35308 1s : : : 1508 os : - Free Flosting 169.900 16a 28 201 1038,216
Slide 93: 7.2 Stock Performance
7.2 Stock Performance
Slide 94: Stock Performance
In 2021, registered common shares (ON - CPLE3 code) and preferred class B preferred shares (PNB - CPLE6 code) of Copel were present in 100% of the trading sessions of Brasil Bolsa Balcão (B3). Outstanding shares totaled 68.93% of the Company's capital. At the end of March 2021, COPEL's market value,
Slide 95: Earnings Release 1Q21
Earnings Release 1Q21
Slide 96: Share Split and UNITs Program
The new Company Bylaws, approved by the Extraordinary General Meeting held on March 11, 2021, establishes the split of shares in the ratio of 1 to 10, with the shares being traded ex-split as of March 12 2021. On March 17, 2021, the Company disclosed to the market the rules and conditions of its UNI
Slide 97: 7.3 Dividends and Interest on Own Capital
7.3 Dividends and Interest on Own Capital The table below presents the payments of dividends and interest on own capital as of 2011:
Slide 98: Dividend and IOC Payments
Thousands of RS RS per Sha ‘Type of Earnin Fiscal Year Approvedon ——_—Paid on " . pe (gr0s3) Common Preferred"A” Preferred "B™ Total 2011 421,081 146833252507 «1.61546 toc! 2011 os/1/ia osfas/ia 225,814 0.78803 «0.86706 0.86706 toc 2011 04/26/12 05/29/12 195,277 0.68030 1.65801 0.74840 Total 2012 26
Slide 99: 8. Operating Performance – Power Generation
8. Operating Performance 8.1 Power Generation Assets in Operation Below is the main information about Copel GeT’s power generating facilities and the power output in 2021:
Slide 100: Power Plants in Operation
power Plants Installed ‘Assured Power Generation Concession Capacity (MW) (Average MW) _(GWh)* Expires Hydroelectric Power Plants 4947.0 22093 4,899.9 HPP Gov. Bento Munhoz da Rocha Netto (Foz do Areia) 1,676.0 6033 1,237.4 17.09.2023 HPP Gov. Ney Aminthas de Barros Braga (Segredo) 1,260.0 5785 1,46
Slide 101: TPP Figueira and Wind Farms
On March 24, 2017 Copel GeT filed a notice of intention with Aneel to extend the concession agreement of the TPP Figueira, noting, however, that it will only sign the necessary agreements and/or amendments after learning and accepting the terms and the rules that will govern to the extension of the
Slide 102: Earnings Release 1Q21
Earnings Release 1Q21
Slide 103: Quota System Plant
In addition, Copel GeT operates one plant under the quota system, as shown below:
Slide 104: Earnings Release 1Q21
Earnings Release 1Q21
Slide 105: Interest in Wind Farms
Interest in Wind Farms Copel has 49% interest in the Voltalia São Miguel do Gostoso I Participações S.A. wind complex, in the State of Rio Grande do Norte. The energy output of the enterprise was sold in the Fourth Reserve Energy Auction under twenty-year contracts, with supply beginning in July, 20
Slide 106: Under Construction – Bela Vista SHP
Under Construction Bela Vista SHP In August 2018 Copel was granted the right to build Bela Vista SHP with 29 MW of installed capacity. With an estimated investment of R$ 200.0 million, the project, which has 29.4 MW of installed capacity and assured power of 16.6 average MW, will be built on the Cho
Slide 107: Earnings Release 1Q21
Earnings Release 1Q21
Slide 108: Earnings Release 1Q21
Earnings Release 1Q21
Slide 109: Transmission Contracts
7 Substation "APR with PA onceion Subidmey/SPE Contract, tonerie reduction ‘ey! Extension (km) Amount Mva tomn epiration Copel Get 1060/2001? Several 2072 38 12,382 505.4 3231.2002 opel Get o7spzc0r* Testis -laguaiaiva 7 : : 6 09362031 opel Get 06/2008 Tanti -Planinho 2 : : 1 03362038 opel Get 27/20
Slide 110: 8.3 Distribution
8.3 Distribution Concession agreement In December 2015, the Company signed the fifth amendment to the Public Electricity Distribution Concession Agreement No. 46/1999 of Copel Distribuição S.A., extending the concession term to July 7, 2045. The concession agreement imposes economic and financial ef
Slide 111: Operating Data
Operating Data In the distribution business, Copel serves almost 4.9 million energy customers in 1,113 locations, belonging to 394 municipalities in State of Paraná and one in the State of Santa Catarina. Copel Distribuição operates and maintains the installations at13.8 kV, 34.5 kV, 69 kV and 138 k
Slide 112: Distribution Lines and Substations
Voltage Km Substations vA 13.8kV 108,589 - - 345 KV 86,677 230 1,594 69 kv 785 36 2,451 ag kv* : - 5 138 kV 6,A57 112 7,260 Total 202,478 378 11,310 ¥ Not automated. ‘Copel Dis migrated from the grid system and the data previously obtained with insulation voltage to 230 kV today reflects the operati
Slide 113: Compact Distribution Lines
Compact Distribution Lines Copel Distribuição has continued to implement compact distribution lines in urban areas with a high concentration of trees in the vicinity of the distribution grids. This technology avoids the cutting down or trimming of trees and improves the quality of power supply by re
Slide 114: Losses
Losses With the losses below the percentage limits established by ANEEL, there was no disallowance regarding the values of losses contained in the CVA.
Slide 115: Earnings Release 1Q21
Earnings Release 1Q21
Slide 116: 8.4 Telecommunications
With losses below the percentage limits established by aneel, there was no disallowance of the loss values contained in the CVA. 8.4 Telecommunications Copel Telecomunicações has an optical backbone/backhaul made up of a high capacity intermunicipal transmission network and the access network. The a
Slide 117: Slide 117
Slide 118: 8.5 Equity Interests
8.5 Equity Interests Other Sectors Copel holds interests in companies in the gas, telecommunications, and service sectors, as shown below:
Slide 119: New Projects
Estimated Installed Capacity Estimated Assured Power COPEL’ Stake Project (mw) (Average MW) (4) SHP 1059 25 For do Curucaca 29.0 200 190 Salto Alems 29.0 198 190 Sé0 Jorge 215 145 25.0 Veré 26.4 18.2 25.0 HPP 4147 27.0 Séo Jeronimo 3310 178.1 412 Salto Grande 47.0 26.9 99.9 Dois Vizinhos 367 22.0 25
Slide 120: Studies for New Projects
Copel, in partnership with other companies, is also developing studies in the lower reaches of the Chopim river that may enable other hydroelectric projects. As for wind power generation, there are studies for the feasibility of new wind farms in the State of Rio Grande do Norte, where Copel already
Slide 121: Project Estimated Installed Capacity
Project, Estimated Installed Capacity (MW) HPP Apertados 1390 HPP Comissério 1400 HPP Foz do Piguiri 93.2 HPP Ercilandia 87.4 Total 459.3
Slide 122: 9. Other Information – Human Resources
9. Other Information 9.1 Human Resources Copel’s workforce closed 1Q21 at 6,625 employees distributed. The table below shows employee number trends in the Company and its subsidiaries in the last years:
Slide 123: Employees of Subsidiaries
Compagas, Elejor and UEG Araucária, companies in which Copel holds a majority interest, had 142, 7 and 15 employees, respectively. At the end of March 2021, Copel Distribuição had 4,865,973 customers, representing a consumer-to-employee ratio of 1,056.
Slide 124: 9.2 Main Operational Indicators
9.2 Main Operational Indicators
Slide 125: Main Operational Indicators
Generation Copel GeT Inoperation Hydroetetric ® Quota System Thermal Wind power Under construction Hydroeletric Wind Farms In operation Under construction Partnership In operation Hydroeletric Thermal Wind farms Copel Telecom Optical cables backbone/backhaul (km) Cities served in Parana State Number
Slide 126: 9.3 Conference Call 1Q21 Results
9.3 Conference Call 1Q21 Results Information about 1Q21 Results Conference Call: > Thursday, April 6, 2021, at 1 p.m. ET > Telephone: (+1 646) 843-6054 > Code: Copel A live webcast of the conference call will be available at: ir.Copel.com Please connect 15 minutes before the call. Investor Relations
Slide 127: Exhibit I – Consolidated Cash Flow Statement
Exhibit I – Consolidated Cash Flow Statement
Slide 128: Consolidated Cash Flow
s‘000 Conalidated Cash Flow 3021 1020, Netincome from continuing operations 759,239 506753, Netincome (loss) om discontinued operations 35.935 6.163 “Adjustments to reconcile nat income forthe peviod with eaah se7657 407,68 Interest - bonus from the grant of concession agreements under the quota sys
Slide 129: Exhibit II – Financial Statements – Wholly Owned Subsidiaries
Exhibit II – Financial Statements – Wholly Owned Subsidiaries Income Statement – Copel Geração e Transmissão (Consolidated)
Slide 130: Income Statement – Copel GeT
RS'000 Income Statement 1021 4020 1020 Var% ay 2) (3) (1/3) OPERATING REVENUES 1,565,794 1,658,319 1,141,075, 37.2 Electricity sales to final customers 51,411 159,057 142,984 (64.0) Electricity sales to distributors 1,216,991 1,092,558 801,286 519 Use of the main transmission grid 248,536 302,025 15
Slide 131: Income Statement – Copel Distribuição
Income Statement – Copel Distribuição
Slide 132: Income Statement – Copel Distribuição
RS'000 income Statement 1021 4020 1020 Var% 2) 2) (3) (1/3) OPERATING REVENUES 3,074,590 3,680,353 2,628,359, 17.0 Electricity sales to final customers 1,299,652 1,355,603 1,410,401 (7.9) Electricity sales to distributors 34691 312,173 49,784 (30.3) Use of the main distribution grid 974,424 1,104,12
Slide 133: Income Statement – Copel Telecomunicações
Income Statement – Copel Telecomunicações
Slide 134: Income Statement – Copel Telecomunicações
Income Statement 1021 4020 1020 Var.% (1) (2) (3) (2/3) NET OPERATING REVENUES 95,707 100,891 97,461 (1.8) Revenues from telecommunications 94,638 99,74 96,720 (2.2) Other operating revenues 1,069 117 7aL 443, OPERATING COSTS AND EXPENSES (83,122) (105,809) (92,717) (10.3) Personnel and management (
Slide 135: Income Statement – Copel Comercialização
Income Statement – Copel Comercialização
Slide 136: Income Statement – Copel Comercialização
Income Statement 1021 4020 1020 Var.% (1) (2) (3) (1/3) OPERATING REVENUES 894,499 661,545 538,841 66.0 Electricity sales to final customers 400,271 254,719 206,046 94.3 Electricity sales to distributors 492,774 406,778 328,888 49.8 Other operating revenues 1,454 48 3,907 (62.8) OPERATING COSTS AND
Slide 137: Exhibit III – Financial Statements by Company
Exhibit III – Financial Statements by Company Balance Sheet by Company
Slide 138: Balance Sheet by Company – Assets
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Slide 139: Earnings Release 1Q21
Earnings Release 1Q21
Slide 140: Balance Sheet by Company – Assets
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Slide 141: Earnings Release 1Q21
Earnings Release 1Q21
Slide 142: Balance Sheet by Company – Liabilities
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Slide 143: Earnings Release 1Q21
Earnings Release 1Q21
Slide 144: Balance Sheet by Company – Liabilities
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Slide 145: Income Statement by Company
Income Statement by Company
Slide 146: Income Statement by Company
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Slide 147: Earnings Release 1Q21
Earnings Release 1Q21
Slide 148: Signature and Forward-Looking Statements
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date May 5, 2021 COMPANHIA PARANAENSE DE ENERGIA – COPEL By: / S / Daniel Pimentel Slaviero Daniel Pimen