Transmissora Alianca De Energia Eletrica S.a. · BMFBOVESPA:TAEE3
Transmissora Alianca De Energia Eletrica — Taesa — Q2 2026 Earnings Presentation
18 slides from Transmissora Alianca De Energia Eletrica's earnings presentation, Aug 12, 2026
Slide 1: Earnings Release 2Q26
ri.taesa.com.br/en/ Earnings Release 2Q26 August 12, 2026 1
Slide 2: Disclaimer
Disclaimer The individual and consolidated financial projections were This document contains statements related to TAESA's prepared in accordance with accounting practices adopted business prospects, operational and financial results in Brazil, encompassing corporate legislation, projections and gro
Slide 3: Our driving purpose and values
Our driving Our values purpose "We transmit energy efficiently and with quality, ensuring safety Safety first. We build relationships and trust in every based on trust. interaction, driving sustainable development for people and the planet." We promote We genuinely care excellence. about people. 3
Slide 4: Key Accomplishments for the Quarter
Key Accomplishments for the Quarter 1st Quarter 2nd Quarter 3rd Quarter ▪ 21st Debenture Issue of R$ 800 million ▪ Acquisition announcement of 5 transmission ▪ 22nd Debenture issuance of R$ 1.7 billion for the assets with an additional RAP of R$ 305.1 million acquisition of the 5 assets ▪ Partial en
Slide 5: Energized projects add R$ 506.6 million in RAP, ahead of the regulatory deadline
Energized projects add R$ 506.6 million in RAP, up to 25 months ahead of the regulatory deadline ATE ANANAÍ TANGARÁ SAÍRA REINFORCEMENT RAP of R$ 173.3 MM* RAP of R$ 113.5 MM* RAP of R$ 200.8 MM* RAP of R$ 19.0 MM* (includes operational share acquired at auction) Strategic connectivity, enabling the
Slide 6: Portfolio acquisition of five transmission assets announced in May
Portfolio acquisition of five transmission assets announced in May Financial discipline ➢ Transaction value R$ 1.5 billion (as of 12/31/25), +R$ 305 MM subject to usual adjustments until closing ➢ Bridge financing via 22nd Debenture Issue concluded RAP 2026-2027 in July 2026 Operational efficiency 9
Slide 7: 2026-2027 RAP Cycle
2026-2027 RAP Cycle Annual Permitted Revenues (in R$ MM – TAESA) R$ 4.9 billion of total RAP (operational + under construction) +22.3% (+886.2) 109.9 4,860.9 305.1 341.3 4,445.9 +R$ 341 MM addtional RAP from 129.9 3,974.7 recent energizations +R$ 305 MM RAP increase upon acquistion of 5 assets Cycle
Slide 8: Earnings Highlights
Earnings Highlights Regulatory net revenues PV of 0.73% of RAP in Efficiency in +9.5% in the semester 6M26, maintaining a high management driven by energization of Pitiguari, enables OPEX growth availability rate of partially for Tangará, Saíra and below inflation in the Ananaí and reinforcements in
Slide 9: Regulatory Net Revenue
Regulatory Net Revenue 6M26 x 6M25 (R$ MM – TAESA consolidated) RAP readjustment for the 2025-2026 cycle IGP-M (+7.03%) and IPCA (+5.32%) +9.5% 1,334.7 1,219.2 Operational start-up Partial for Tangará, Saíra, 2026 Ananaí, and reinforcements¹ at ATE III and ATE 2025 Pitiguari and reinforcements¹ at
Slide 10: Operating Performance
Operating Performance (R$ MM – TAESA consolidated) Highlights 6M26 Asset availability remains high, Planned Outage at Saíra to implement even with one-off effects upgrades to the Garabi II converter Outages at the NTE and Mariana Availability Variable Portion concessions Index (PV / RAP1) 6M26 +0.22
Slide 11: Regulatory EBITDA
Regulatory Cost control contained OPEX EBITDA growth despite pressure from (R$ MM – TAESA consolidated) completing new projects +4.0% 195.4 Inflation of 187.8 4.6% LTM +10.5% (+107.9) 125.0 OPEX OPEX 1,139.3 6M25 6M26 3.8 5.7 7.6 1,031.4 Continuous margin evolution 86.5% 87.2% Proportional 84.6% 85.
Slide 12: Regulatory Net Income
Regulatory Net Income (R$ MM – TAESA consolidated) - Higher macro inflation rates - Higher net financial - Non-recurring write-off of expenses at Ivaí and TBE (IPCA and IGP-M) deferred tax liabilities (1Q25) - Debt issuance for - Higher average debt volume - Tax regime migration for São Aimorés and
Slide 13: IFRS Net Income
IFRS Net Income (R$ MM) +6.5% 1Q26(+55.9) x 1Q25920.8 6M26 x 6M25 – Main effects: 864.9 Monetary Restatement Construction Margin Equity Method +R$ 105.2 MM +R$ 17.0 MM +R$ 14.0 MM Higher macro indexes during Higher investments especially Higher macro indicators during the period, especially the IGP-
Slide 14: Project energizations support CAPEX execution and RAP growth
Project energizations support CAPEX execution and RAP growth ( R$ MM) Investments 100% TAESA Projects: Operational RAP: Capex Deployed2 Capex for acquisition Contracted projects (R$ bi) planned for aug/26 of (R$ bi) R$ 168.7 MM ~R$ 1.7 billion 2.3 to 2.4 SP 363 km (CD) (~97% of total RAP) 2.1 1.8 L
Slide 15: Efficiency in financial management supported by credit quality and competitive issuance costs
Efficiency in financial management supported by credit quality and Issuance at competitive costs (R$ MM – TAESA with proportional consolidation as of 06/30/2026) Net Debt Debt Profile Debt Amortization Profile (R$ Bi) 32% 4.2 4.2 Average cost of debt 17% (real terms) +1.9% 5.81% (pre-tax) 13,002 8%
Slide 16: Earnings Distribution Announcement
Earnings Distribution Announcement YTD R$ 1,035.7 MM Board of Directors’ Meeting declared August 11, 2026 ~R$ 3.01 per Unit Board of Directors proposes the distribution of: R$ 206.8 MM Declared Distributions 1,036 (R$ MM) as Interest on Equity (IoE) and Interim Dividends. 207 193 Cut-off date: Augus
Slide 17: Q&A Session
Q&A Session 17
Slide 18: taesa’
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