Slide 1: Results Presentation 4Q22
RESULTS PRESENTATION 4Q22 MARCH 30th, 2023 1
Slide 2: Disclaimer
DISCLAIMER This presentation may contain forward-looking statements, which are subject to risks and uncertainties, as they were based on the expectations of Company’s management and on available information. These prospects include statements concerning the Company’s current intensions or expectatio
Slide 3: Highlights
Highlights Distributed Energy 9,141 GWh (+5%) DisCos Quality Improvement DEC Reduction* (-5.2% to -15.5%) vs 3Q22 Net Generated Energy 1,359 GWh (+4%) Adjusted EBITDA R$ 2.3 billion (+33%) CELG-D Closing December/22 Debentures Emission R$ 7 billion (CELG-D) Preferencial Shares Operation R$ 2.1 billi
Slide 4: Consolidated Economic and Financial Performance
Consolidated Economic and Financial Performance 4 4
Slide 5: Economic and Financial Performance
Inflation Indexes IPCA 5.79% Economic and Financial Performance 12 months IGPM 5.45% Consolidated Gross Margin on the quarter Adjusted OPEX on the quarter¹ New Assets New Assets Ex-VNR e IFRS (R$ Mn) (R$ Mn) IFRS 25.8% 20.5% 3,141 852 18 -37 45 2 277 295 10 119 2,496 706 82 384 3 5 2,846 732 ex-new
Slide 6: Investments and Tariff Reviews
Tariff Review - 2023 Investments and Tariff Reviews Tariff Process Process Data Cutoff Date RTP Equatorial Maranhão RTA 28/08/2023 N/A Main Investments – Quarter and Year Equatorial Pará RTP 07/08/2023 fev/2023 (R$ Mn) Equatorial Piauí RTP 02/12/2023 jun/2023 +77.3% 5,318 Equatorial Alagoas* RTA 03/
Slide 7: Debt
Debt Amortization Schedule – 4Q22 (R$ Bln) Consolidated Cash 42,1 10,9 R$ 8,4 Billion 7 7 0.8x Short Term Debt 5,6 Build-Up – Net Debt and Covenants Build-Up – Covenants EBITDA 6,1 4,3 (R$ Bln) (R$ Bln) 15,2 4,5 4,1 3,8 4,0 3,1 3,2 1,5 2,1 0,8 0,3 3,5 - 7,0 Gross Debt4T22 Dív. Bruta 4Q22 2023 2024 2
Slide 8: Distribution
Distribuição Distribution 8
Slide 9: Distribution
Distribution Adjusted OPEX (R$ Mn) Injected and Distributed Evolution 0.4% Consolidated (GWh) Delinquency and Collection 679 682 Consolidated Collection Index 4Q21 4Q22 +2.3% 4T21 4T22 Var. 11,492 +4.9% 11,760 99,30% 101,70% 2,4 p.p. 23.6% 8,718 9,141 22.0% Adjusted EBITDA Ex VNR (R$ Mn) PDD Consoli
Slide 10: Transmission
Transmission Renováveis 10 10
Slide 11: Transmission
Transmission Transmission EBITDA - Regulatory Composition of Revenues* R$ Mn R$ Mn – Cycle 2022/2023 Adjustment Parcel 1.334 196 -4,3% 177 310 297 120 26 142 115 248 284 138 104 94 4Q21 4Q22 SPE 1 SPE 2 SPE 3 SPE 4 SPE 5 SPE 6 SPE 7 SPE 8* INTESA* Cycle 2022/2023 EBITDA Margin Reforços Average Cycle
Slide 12: Renewables
Renováveis 12 12
Slide 13: Renewables
Renewables Generation Quarter and Year – P50 and P90 798 792 770 (MWm)¹ 743 Ramp Up 705 699 690 2022 P90 P50 680 661 656 594 610 584 53% 6% 636 514 525 562 13 506 522 472 472 494 11 449 454 454 718 734 406 418 417 401 646 342 589 585 525 551 623 495 415 393 411 376 369 jan-22 feb/22 mar-22 apr/22 ma
Slide 14: Sanitation
Saneamento Sanitation 14
Slide 15: Sanitation
Sanitation Evolution of Registrations Active Economies – 4Q22 Thousand - accumulated Thousand Only in 6 months. 81 +24% 14% OPERATIONAL 88,8 Operational Indicators Water Sewage 50 71,6 76,2 Active Economies (‘000) 88.8 12.1 Coverage Index (%) 41% 7% 10 Grid Extension (Km) 873 372 2T22 3T22 4T22 Água
Slide 16: Final Considerations
Considerações Finais Final Considerations 16
Slide 17: Equatorial Goiás
Equatorial Goiás Highlights - 100 Day Plan Structuring for the 2023 Tariff Review • Working groups with defined action plans • Asset Base Avaluation Institutional Relationship • Regularization of customer accounts, negotiation effort and exchange of refrigerators and improvement of the relationship
Slide 18: Governance
Governance Chairman of the Board Board Measures to strengthen Equatorial's governance structure Committees Other Board Members Officers • Formalization of 2 new advisory committees to the Board: • Operational committee Strategy and New Business Committee • Regulation and Inovation committee CEO • Ne
Slide 19: Final Considerations 2023 Perspectives
Final Considerations 2023 Perspectives CELG Closing Advances in processes to losses combat and Reinforcing the value generation agenda quality of the operation Advance in the process of losses combat Progress in new asset turnarounds and improvement in quality indicators Tariff Revisions - PA/PI/AP/
Slide 20: IR team
IR team ri@equatorialenergia.com.br 20