Slide 1: Earnings Presentation 1Q23
EARNINGS PRESENTATION 1Q23 MAY 12th, 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 12,914 GWh (+5%) DisCos Quality Improvement DEC reduction on 6 out of 7 DisCos vs 4Q22 Net Generated Energy 1,079 GWh (+15%) Adjusted EBITDA R$ 2.3 bilhões (+58%) Consolidated Investments R$ 2.5 Billion Covenants 0.2 p.p reduction vs. 4Q22 (3.9x) 3 * DEC últimos 12 mese
Slide 4: Consolidated Economic and Financial Performance
Consolidated Economic and Financial Performance 4 4
Slide 5: Economic and Financial Performance
New Assets Consummers 1Q22 13.3 IPCA 4.65% Economic and Financial Performance IFRS Equatorial Goiás DisCos (million) 1Q23 13.8 Inflation Indexes 12 meses IGPM 0.17% Adjusted Consolidated Gross Margin on the quarter Adjusted OPEX on the quarter¹ Ex-VNR e IFRS (R$ Mn) (R$ Mn) +58% +78% 3,576 1,149 1,1
Slide 6: Investments and Debt
Consolidated Net Debt/EBITDA Indexes Investments and Debt LTM (%) (R$ Bln) Main Investments – Quarter 40 5 2% Pre Fixed 4.1 3.9 2% (R$ Mn) 4 TJLP 30 3.1 36% 1% R$ 1.9 Billion invested on 0% IGP-M 3 +263% DisCos with Tariff Reviews 20 CDI 33 33 2 59% 2.543 on 2023 22 IPCA 10 1 182 Selic 0 0 1Q22 4Q22
Slide 7: Distribution
Distribuição Distribution 7
Slide 8: Distribution
Equatorial Goiás Distribution Adjusted OPEX Delinquency and (R$ Mn) Injected and Distributed Evolution Collection +68,5% Consolidated (GWh) 995 590 341 +10,8% 654 Consolidated Collection Index* +4.0% 1Q22 1Q23 1Q22 1Q23 Var. +5.1% 15,845 15,237 98,51% 97,83% -0,7 p.p 20.2% 12,281 12,914 19.0% Adjust
Slide 9: Equatorial Goiás
Equatorial Goiás Turnaround Evolution Strengthening the group in the concession area Main Highlights: • Customer Relationship • Intensification of social tariff registration (+50k) and E+ programs • Fleet renewal with the acquisition of more than 200 new vehicles • Clara's arrival at Equatorial Goiá
Slide 10: Transmission
Transmission Renováveis 10 10
Slide 11: Transmission
Transmission Transmission EBITDA - Regulatory Composition of Revenues* R$ Mn R$ Mn – Cycle 2022/2023 1.334 196 +10,2% 177 305 120 277 142 115 248 138 104 94 1Q22 1Q23 SPE 1 SPE 2 SPE 3 SPE 4 SPE 5 SPE 6 SPE 7 SPE 8* INTESA* Revenues Cycle 22/23 EBITDA Margin Reinforcements Average Cycle 1Q22 1Q23 Re
Slide 12: Renewables
Renewables 12 12
Slide 13: Renewables
Renewables Generation Quarter and Year – P50 and P90 (MWm)¹ 798 792 770 743 705 699 690 Realized P50 661 680 Realized P90 P50 656 P90 594 610 599 584 514 525 529 535 +15% 454 454 473 472 (vs. 1T22) 718 734 401 646 417 589 585 552 636 525 540 538 562 499 473 535 376 411 369 412 abr/22 mai/22 jun-22 j
Slide 14: Renewables - Pipeline
Renewables - Pipeline solar irradiance map construction schedule Barreiras 1 Ribeiro Gonçalves (GHI: 2.082,7 kWh/m2) Ribeiro Gonçalves Vegetal supression Civil Works Installation of Solar Panels Transmission lines Barreiras 1 (GHI: 2.192,9 kWh/m2) Substation Connection 1S23 2S23 1S24 2S24 • Investme
Slide 15: Sanitation
Saneamento Sanitation 15
Slide 16: Sanitation
Sanitation Active Economies – 1Q23 Thousand In Only 9 months +20% 11% 88,8 85,7 71,6 76,2 Água 3Q22 4Q22 1Q23 EVTE - Projeção 1º ano Billed Volume (m³) Thousand +53,4% 5.788 5.265 3.773 +42,0% 525 786 746 Água Esgoto 3Q22 4Q22 1Q23 16
Slide 17: Final Considerations
Considerações Finais Final Considerations 17
Slide 18: Final considerations 2023 Perspectives
Final considerations 2023 Perspectives Performance: significant increase in Advances in processes to combat losses and Adj EBITDA Consolidated quality of the operation Start of management at Equatorial Goias Progress in turnarounds for new assets and Progress in the process of improving consolidatio
Slide 19: IR team
IR team ri@equatorialenergia.com.br 19