Axia Energia Sa · BMFBOVESPA:AXIA3
Axia Energia Sa — Q2 2026 Earnings Presentation
26 slides from Axia Energia Sa's earnings presentation, Aug 6, 2026
Slide 1: 2Q26 Earnings Presentation
2Q26 Earnings Presentation August 2026
Slide 2: Disclaimer
Disclaimer This presentation may contain estimates and projections that are not statements of historical fact but reflect the beliefs and expectations of our management and may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Sect
Slide 3: Agenda
Agenda 1. 2Q26 Financial Performance 2. Energy Trading 3. ESG 3 Earnings Presentation 2Q26
Slide 4: 1. 2Q26 Financial Performance
1. 2Q26 Financial Performance
Slide 5: 2Q26 Highlights
Financial Performance 2Q26 Highlights Adjusted Regulatory EBITDA: R$ 6,683 mn in 2Q26, Corporate Governance: Completion of migration up 21.5% YoY to B3’s Novo Mercado Capital Allocation Methodology: approval of up to Investments: R$ 3,117 million, up 52.6% YoY R$ 3.7 bn in capital available for allo
Slide 6: Financial Performance
Financial Performance Financial Performance Adjusted Gross Revenue Regulatory EBITDA IFRS Net Income +R$ 0.1 bn +5.9% +R$ 2.5 bn +1.2% +18.0% +21.5% 6,870 6,683 1,608 1,469 12,910 1,191 5,820 5,501 12,191 R$ million 11,728 11,585 -1,325 2Q25 2Q26 2Q25 2Q26 2Q25 2Q26 IFRS Regulatory Regulatory Adjust
Slide 7: Resuming Investment Capacity
Financial Performance Resuming Investment Capacity Contracted Transmission Investments ANEEL CAPEX RAP (R$ million) (R$ million) Investments¹ Auction 01/2023 787 78 +47% R$ million Auction 01/2024 5,160 5,593 645 +53% Auction 04/2025 1,630 140 1,033 Auction 01/2026 668 51 Large-Scale Reinforcements
Slide 8: Portfolio Management
Financial Performance Portfolio Management Amazonas Energia ▪ Assignment of all credits ▪ Proceeds of R$ 554.1 million and call option on a minority stake Uncrossing of equity holdings – ISA Energia ▪ Proceeds of R$ 1.167 billion ▪ Acquisition of stake in IE Garanhuns and sale of stake in IE Madeira
Slide 9: Up to R$ 3.7 billion in capital available for allocation in 2Q26
Financial Performance Up to R$ 3.7 billion in capital available for allocation in 2Q26 Capital Allocation Methodology Capital available for allocation 2026 ▪ Up to R$ 3.7 bn in 2Q26 – totaling up to Approved in December 2024 R$ 7.7 bn in 2026 Considers the optimal capital structure to determine the
Slide 10: 2. Energy Trading
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Slide 11: Portfolio Overview
Energy Trading North Submarket Portfolio Overview 1Q26 2Q26 (+) Own 3,756 3,275 AXIA Energia has generation capacity resources1 across multiple submarkets, mitigating risk (+) Purchases 0 0 (-) Quotas2 12 11 2Q26 Portfolio (in aMW) (-) ACR sales 130 130 (=) Available 3,614 3,134 (+) Own resources 14
Slide 12: Contribution Margin
Energy Trading Contribution Margin Contribution Margin from Generation (ACL+MCP) GSF MRE¹ % Regulatory result, excluding TPPs 108% 99% 96% 6.000 308 92% 300 77% 5.000 4,785 250 72% 216 207 67% 65% 177 200 4.000 150 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 103 3.000 81 2,510 100 AXIA Energia Resources
Slide 13: Energy Market Outlook: 2Q25 vs. 2Q26
Energy Trading Energy Market Outlook: 2Q25 vs. 2Q26 Hydrological Conditions Prices 2025 2026 PLDs Southeast (R$/MWh) ENA (aGW) 202 211 213 220 235 216 207 188 75 82 64 54 54 47 April May June 2Q PLDs Northeast (R$/MWh) April May June 231 184 2025 2026 107 139 125 167 154 164 aEAR¹ (%) 72.3 70.6 71.0
Slide 14: 3. ESG
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Slide 15: ESG Agenda – 2Q26
ESG ESG Agenda – 2Q26 MIGRATION TO B3’S NOVO MERCADO COMPLETED ▪ B3’s highest corporate governance segment ▪ Equal and full voting rights ▪ Alignment of economic rights 2025/2026 PRO-ETHICS SEAL ▪ Granted by Brazil’s Office of the Comptroller General, the seal is one of the country’s leading initiat
Slide 16: Our journey in adapting and building resilience to climate risks
ESG Our journey in adapting and building resilience to climate risks AXIA Energia invests in technology to enhance operational safety and efficiency 2023 2024 2025 2026 2028 Climate risk screening Definition of adaptation plans for Implementation period Adaptation plans Conclusion and assessment f
Slide 17: Q&A
Q&A @axiaenergia /axiaenergia/ axiaenergia.com.br axiaenergia.com.br
Slide 18: Appendix
Appendix Apresentação de Resultados 2T26
Slide 19: Energy Balance
Energy Balance Energy Balance 2Q26 (aMW) 2026 2027 2028 Resources 17,933 18,330 18,122 (A) Own Resources 15,541 16,731 16,726 893 customers in Hydraulic 15,263 16,452 16,447 Wind 279 279 279 2Q26, of which Energy Purchase 2,391 1,599 1,396 798 were in the Limit => Lower Higher Lower Higher Lower Hig
Slide 20: New Outlook for the Energy Market
New Outlook for the Energy Market Adjusted Historical PLD, R$/MWh Average 419 Jan 2010 – Dec 2021 Standard Deviation 367 1800 Avg Median PLD Median 322 1600 1400 1200 1000 800 600 345 Average 400 ? 340 Standard Deviation 200 252 Median 0 jan/10 jan/11 jan/12 jan/13 jan/14 jan/15 jan/16 jan/17 jan/18
Slide 21: PLD and Hourly Allocation in 2Q26
PLD and Hourly Allocation in 2Q26 PLD by submarket per month – 2Q26 hourly allocation effect by source and submarket (R$/MWh) R$/MWh 19 20 12 14 14 15 7 7 N Solar Wind Hydro NE 254 244 S SE/CO -50 -49 -56 220 194 -81 211 188 187 169 140 Monthly benefit from hourly allocation – hydropower flexibility
Slide 22: Cash Flow 2Q26
Cash Flow 2Q26 R$ billion 3.4 -2.3 6.4 -0.2 -0.3 -0.1 -0.1 4.1 -2.7 0.1 -2.3 -2.7 -0.7 -0.1 -0.2 -1.8 * Excludes contributions to generation ** Net funds raised: debt, net of issuance expenses *** Includes dividends received from investees, payments of legal settlements, payments of pension obligati
Slide 23: Compulsory Loan
Compulsory Loan Total inventory of compulsory loan provision Compulsory loan inventory down by (R$ billion) R$ 278.1 million vs. 1Q26 Balance 2Q25 12.08 Other effects in 2Q26 (legal agreements) Derisking initiatives (e.g. discount agreements) -0.57 R$ 255.1 R$ 28.5 R$ 226.6 Conviction payments -0.40
Slide 24: RAP Annual Adjustment, 2026–2027 Cycle
RAP Annual Adjustment RAP Annual Adjustment, 2026–2027 Cycle 410 8 10 17.638 17.467 765 15 16.538 -41 -34 -32 -1 -171 R$ million IPCA/ New O&M Deactivated "Step-down PA IGP-M R&I Transferred RAP profile" of Cycle Projects Facilities tendered contracts 26/27 RAP New RTP 2026 PIS/ AO&M RAP RAP + PA Cy
Slide 25: RAP Annual Adjustment, 2026–2027 Cycle
RAP Annual Adjustment RAP Annual Adjustment, 2026–2027 Cycle +8.68% 17.638 17.467 16.538 -171 16.071 -467 R$ million RAP PA RAP + PA RAP PA RAP + PA Cycle Cycle Cycle Cycle Cycle Cycle 25/26 25/26 25/26 26/27 26/27 26/27 RAP + PA totaling R$ 17.5 billion for the 2026–2027 Cycle 25 Earnings Presentat
Slide 26: Welcome to the power of the new
Welcome to the power of the new @axiaenergia /axiaenergia/ axiaenergia.com.br axiaenergia.com.br