Companhia Paranaense De Energia · BMFBOVESPA:CPLE3
Companhia Paranaense De Energia — Energy Co of Parana — Q3 2020 Earnings Presentation
141 slides from Companhia Paranaense De Energia's earnings presentation, Nov 13, 2020
Slide 1: Earnings Release 3Q20
Earnings Release 3Q20 3Q20 Results Copel reports adjusted EBITDA of R$1.2 billion in the third quarter © Adjusted EBITDA (including discontinued operations) of R51,240 million in 3020 (+28.3%) 3Q20 Results Conference Call BEBE OOSUO ALM © Operating cash generation of R$1,597 million in 3020 (+60%) *
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 3Q20, earnings before interest, taxes, depreciation and amortization reached R$1,134.7 million, 11.1% lower than the R$1,276.7 million reached in 3Q19. This result is basically due to the R$280 million variation in “provisions and reversals” line, due to the increase
Slide 4: UNITs Program
UNITs, provided that the preferred shares cannot exceed the legal limit of 2/3 the total number of shares issued by the Company; (iii) the splitting of the shares issued by Copel, right after the conversion of shares and immediately before the issue of UNITs, in a proportion to be defined in order t
Slide 5: Corporate Governance Report
Corporate Governance Report On September 30, 2020, Copel published its Corporate Governance Report, pursuant to CVM Instruction 586, which incorporates the duty of publicly-held companies to disclose information on the application of corporate governance practices set forth in the Brazilian Code of
Slide 6: UTE Araucária - Capital Reduction
UTE Araucária - Capital Reduction On November 10, 2020, during a meeting of the quota holders, the capital reduction of UEG Araucária Ltda. Was approved, through the absorption of accumulated losses. We highlight that at the same meeting, the transformation of the corporate type of UEGA from a limit
Slide 7: Coronavirus (COVID-19) - Contingency Commission
Coronavirus (COVID-19) - Contingency Commission As of March 2020, Copel's Management issued rules aimed at ensuring compliance with measures to contain the spread of the disease in the Company and minimize its impacts and potential impacts in the administrative, operations and economic-financial are
Slide 8: COVID actions and Copel Distribuição efficiency
environment that preserves the distance between individuals, hygiene and access to personal protective equipment. Likewise, Copel adopted several actions in favor of its customers, maintaining the reliability and availability of its plants, of the electricity and gas transmission and distribution sy
Slide 9: 2. Financial Performance
2. Financial Performance The analyzes below refer to the third quarter of 2020, compared to the same period of 2019. 2.1 Operating Revenues Net operating revenue totaled R$4,329.8 million in 3Q20, an increase of 3.6% in relation to the R$4,179.2 million reported in 3Q19. This result is mainly due to
Slide 10: Operating revenues chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 11: Nine-month revenue and operating costs
Considering the first nine months of 2020, net operating revenue reached R$12,978.1 million, an amount 12.4% higher than the R$11,545.2 million reeached in the same period of 2019, mainly due to the registration of R$810.6 million referring to the recovery of PIS / Pasep and Cofins on ICMS and the 1
Slide 12: Operating costs and expenses
Operating costs and expenses were partially offset by the 9.3% reduction in the “electricity purchased for resale” line, as a result of the lower costs with the purchase of energy at CCEE, due to the lower average PLD (R$91,68/MWh in 3Q20 compared to R$214.13/MWh in 3Q19), partially offset by higher
Slide 13: Operating costs chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 14: Discontinued operation and natural gas costs
Also noteworthy (i) the R$21.2 million recorded in the line "Materials and supplies for power electricity", as a result of the acquisition of natural gas for the operation of TPP Araucária, and (ii) the fall 46.2% in “Natural gas and supplies for the gas business”, reflecting the reduced demand for
Slide 15: PMSO costs
PMSO costs (except for estimated losses and the provisions and reversals line) increased by 7.6%, mainly due to the 9.0% increase in expenses with “personnel and management” and 19.9% in “Third-party services” that reflect the higher expenses with maintenance of the electrical system, partially offs
Slide 16: PMSO chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 17: Personnel and management costs
Specifically on costs with “personnel and management”, the increase of 9.0% is related to the higher record of provision for Performance Incentive Program (“PPD”) and Profit Sharing Program (“PLR”), which are due to Company's results. Neutralizing the effects of the provision for PPD and PLR, the “P
Slide 18: Equity in earnings of subsidiaries
3020 720 3019 Vane SMO SMS Var. — w @ 2 () “ (5) (4/5) “ont Ventures 50,061 (75) __-26967| 856) 66648) 20988] 218.2 Voltalia $50 Miguel do Gostoso | Participagées S.A. 1123 333] 1497/50) (2589) .888)) (33.6) ‘Calus Transmissora de Energia S.A. 2066) 2,581 2) 1986 (9.498), 3,323 - Integragio Maranhen
Slide 19: 2.4 EBITDA
2.4 EBITDA In 3Q20, earnings before interest, taxes, depreciation and amortization reached R$1,134.7 million, 11.1% lower than the R$1,276.7 million reached in 3Q19. This result is basically due to the R$280 million variation in “provisions and reversals” line, due to the increase in litigation prov
Slide 20: 9M20 EBITDA
In 9M20, EBITDA with discontinued operations grew 27.9% compared to the same period in 2019, while, excluding the non-recurring effects, adjusted EBITDA grew 15.7%. If we do not consider Equity Income, adjusted EBITDA in 3Q20 would be R$1,184.2 million, an increase of 26.8% compared to 3Q19, while a
Slide 21: 2.5 Financial Result
2.5 Financial Result In 3Q20, financial result was positive by R$46.9 million, against a negative R$126.7 million in 3Q19. Financial revenues totaled R$270.5 million, an increase of 72.6% compared to the R$156.7 million recorded in the same period of the previous year, mainly reflecting the monetary
Slide 22: 9M20 financial result and net income
In 9M20, financial result reached R$868.0 million, compared to a negative R$334.1 million in the same period of the previous year, and, in addition to the factors mentioned above, this variation is also justified by the recognition of financial income of R$940.9 million resulting from the registrati
Slide 23: 2.7 Consolidated Income Statement
2.7 Consolidated Income Statement
Slide 24: Consolidated income statement table
= 3020 2aR0 3019 Var ‘M20 ‘OMI Var.% rm 2 2) a3) aN (5) as) ‘OPERATING REVENUES amoss| 4581573. —_—4a79,93 36 ‘iz97son1 1,545,200 a Electricity sates to final customers as77sio 1547548 1497482 54 aasaor? —_4658,238 4s Electictysales to dstibutors 800,810 666,287 760,200 53234388 2079,232 m7 Use ofth
Slide 25: 3. Main Accounts and Balance Sheet Changes
651.8 3. Main Accounts and Balance Sheet Changes The main accounts and changes in the Balance Sheet in relation to December 2019 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
Slide 26: Accounts receivable and concession assets
328.7 2,640.2 4,622.2 8.13 128.9 and financial remuneration that have not been or will not be recovered via tariffs until the expiration of the concession (R$889.7 million), (iii) the amounts receivable from energy transmission assets of the Existing System Basic Network – RBSE and connection facili
Slide 27: Balance sheet chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 28: Balance Sheet – Assets
R$'000 aus Sep-20 Decis Sep-19 Var% Var.% cy (2 (@) (2) (7) ‘CURRENT 10,097,721 | 7,909,196 | 6,748,404 277 49.6 Cash and cash equivalents 3,599,422 2,941,727 | 2,026,390 224 718 Bonds and securities, 1,460 3,112 1,403 (53.1) 4a Collaterals and escrow accounts 136 147 125 (75) 88 Customers 2,938,154
Slide 29: 3.3 Debt
3.3 Debt Gross Debt Copel's total consolidated debt totaled R$10,310.0 million on September 30, 2020, down 11.0% in relation to the amount recorded on on December 31, 2019, of R$11,572.1 million. It should be noted that there was a reclassification to Liabilities associated with assets classified as
Slide 30: Debt maturities
Loans, financing and debentures maturities are presented below:
Slide 31: Debt chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 32: Consolidated net debt
Copel’s consolidated net debt (loans, financing and debentures less cash and cash equivalents) and the net debt/EBITDA ratio are shown in the following chart:
Slide 33: Net Debt by Subsidiary
Net Debt by Subsidiary The following table shows the gross debt and net debt of the subsidiaries:
Slide 34: Net debt by subsidiary table
R$'000 GeT bis Telecom Holding Other Total Total debt 4,788,574 2,559,376 657,297 1,594,270 710,562 10,310,079 Availability 870,668 1,783,332 230,013, 28,951 1,007,852 3,920,816 Net debt 3,917,906 776,044 427,284 1,565,319 (297,290) 6,389,263 ‘Average Cost 4.63% 4.12% 10.24% 2.23% 7.02% 4.93% Durati
Slide 35: 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 36: Litigation provisions
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 September , 2020 , totaled R$5,094.4 million, 47.4 % higher than that registered in December 2019 (R$3,456.9 million), distr
Slide 37: 3.4 Balance Sheet – Liabilities
3.4 Balance Sheet – Liabilities
Slide 38: Balance Sheet – Liabilities table
R$'000 iia ‘Sep-20 Dec-19 Sep-19 var vars w @ ) a) (ava) ‘CURRENT 7,224,949 5,345,621 4,868,679 352 48.4 Payroll, social charges and accruals 434,696 337,044 301,475 290 443 Suppliers 1,451,647 1,685,280 1,664,925 (339) (128) Income taxand social contribution payable 802,935 60,132 133,209) 1,235.3,
Slide 39: 4.1 Copel Geração e Transmissão
4. Performance of the Main Companies 4.1 Copel Geração e Transmissão (Consolidated Result) Copel GeT reached EBITDA of R$714.7 million in 3Q20, a reduction of 1.4% in relation to the R$724.7 million reached in 3Q19. This result is basically due to the recording of R$54.3 million in the "provisions a
Slide 40: Copel GeT result drivers
This result is justified (i) by the 64.3% increase in the “Use of the main transmission grid” line due to the reflexes of the periodic tariff review of the 060/2001 main transmission concession agreement and the tariff adjustment applied to the other transmission agreements; and (ii) the 51.1% reduc
Slide 41: Copel GeT indicators
RS million Taree 3020 3019 Var ‘om20 ‘oMis Var.% w (2) (4/2) (3) 4) (3/4) Net Operating Revenue (R$ million) 1,193.0 985.6 210| 33708) 29289 154 Operating Costs and Expenses (R$ million) (671.)) (424.9) 87.9| (19250) (1,404.9) 37.0 Operating Income (R$ million) 523.2 4747 102) 13418) 1,190.3 127 Net
Slide 42: Copel GeT revenues and costs
Also noteworthy are (i) the 24.4% increase in " electricity sales to distributors " revenue, due to the higher volume of energy sold through bilateral contracts, partially offset by the 17.0% drop in “electricity sales to final customers”, reflecting the lower volume of energy sold to free consumers
Slide 43: Copel GeT personnel costs
Excluding the effects of provisions for Performance Incentive Program – “PPD” and Profit Sharing Program – “PLR’ , the personal and management account registered a 4.3% growth in relation to the amounts recorded in 3Q19.
Slide 44: Copel GeT chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 45: 4.2 Copel Distribuição
This result is mainly due to (i) the 1.6% increase in “electricity sales to final customers” line, due to the 5.7% growth in the residential segment, despite the consolidated 4.8% drop in the captive market; and (ii) the 9.8% reduction in “electricity purchased for resale”, due to the reduction in t
Slide 46: Copel Distribuição manageable costs
Manageable costs grew by 6.2% compared to 3Q19, mainly due to (i) the 5.5% increase in expenses with “personnel and management “, due to provisions for performance (PPD) and profit sharing (PLR) and the 2.92% salary adjustment applied in October 2019; (ii) the 8.0% growth in "third party services" d
Slide 47: Other operating costs and expenses
“Other operating costs and expenses” line, mainly as a result of the higher record of losses due to deactivations, partially offset by the reduction in non-provisioned indemnities.
Slide 48: Personnel and management line
The “personal and management” line, with the exception of the effects of provisions for performance and profit sharing, fell 32.6% in relation to the amounts recorded in 3Q19, mainly due to the reduction in the number of employees through of the incentive dismissal program (PDI) held at the end of 2
Slide 49: 4.3 Copel Telecomunicações
4.3 Copel Telecomunicações 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 a
Slide 50: Copel Telecom chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 51: Copel Telecom adjusted EBITDA
Except for the extraordinary events listed below, in particular, the effect of customer infrastructure deactivations, Copel Telecom's adjusted EBITDA was R$48.2 million in 3Q20 versus R$49.0 million reached in 3Q19.
Slide 52: Copel Telecom net result and indicators
In 3Q20, Copel Telecom had a loss of R$0.6 million compared to a loss of R$75.9 million recorded in the same period of the previous year. The table below shows the main indicators of Copel Telecom:
Slide 53: 4.4 Copel Comercialização
4.4 Copel Comercialização (Copel Energia) Copel Mercado Livre reached EBITDA of R$107.1 million in 3Q20, an amount 30.3% higher than the R$82.2 million in 3Q19, mainly due due to the effect of fair value (Mark-to Market) on the Energy Purchase and Sale Contracts, in the amount of R$103.5 million, wh
Slide 54: Copel Comercialização chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 55: Copel Comercialização adjusted EBITDA
Except for extraordinary effects, adjusted EBITDA in 3Q20 was R$3.7 million, compared to a negative result of R$0.6 million in 3Q19, justified by the 64.5% growth in “Electricity sales to final customers”, due to the increase in the volume of energy sold to free customers and bilateral contracts, pa
Slide 56: 4.5 Accounting Information
4.5 Accounting Information Accounting information concerning Copel’s interests in other companies on September, 30, 2020, is shown in the following table :
Slide 57: Accounting information chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 58: 5. Investment Program
5. Investment Program The following chart shows the investment program carried out in 3Q20 and scheduled for 2020:
Slide 59: Investment program table
R§ million Saammnsiore Carried Carried Scheduled” 9m20 3020 2020 Copel Geracdo e Transmissio 3414 88.4 630.7 HPP Colider 00 00 26.4 HPP Baixo Iguacu 00 00 258 TL Curitiba Leste-Blumenau 116 293 1240 TLIbipor’-Londrina (Contract 060/2001) 00 00 48.6 Substation Batelas 00 00 34 Mata da Santa Genebra T
Slide 60: 6. Power Market and Tariffs
6. Power Market and Tariffs 6.1 Captive Market – Copel Distribuição Copel Distribuição’s captive market energy sales totaled 4,445 GWh in 3Q20, a decrease of 4.8%, as a consequence of the reduction in the consumption of commercial and industrial customers, mainly reflecting the strong decrease in th
Slide 61: 6.2 Grid Market (TUSD)
For further details, access the Notice to the Market - IR 20/20 (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 62: Aneel resolution note
[1] According to Aneel’s Normative Resolution no. 722/2016, consumers connected at 230kV voltage level must be part of the Basic Grid. The migration of these customers does not imply a reduction in revenue for the remuneration of the Distributor.
Slide 63: 6.3 Electricity Sales
Energy consumption recorded in September 2020 indicates a positive trend, recovering to levels before the Covid-19 pandemic, after successive monthly falls. However, the result observed in 3Q20 was influenced by the negative results of the months of July and August, mainly due to the reduction of ec
Slide 64: 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 13,914 GWh in the third quarter of 2020, an increase of 8.7% compared with the same period last year. The following table
Slide 65: Energy sold chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 66: Number of Customers / Energy Sold
Number of Customers / Agreements Energy Sold (¢Wh) Sep-20 Sepia Var.% 3020-39 Var.% MZ OM. (ar. %6 Copel DIS Captive Market 4,797,523 4,693,981 22 4Aas 4,667 (48) 14179 14,748 es) Concessionaries and Licensees 2 2 , v7 uv 24 56 146 (61.4) CCCEE (Assigments MCSD EN) 244 204 20 74 308 (42.8) 317 71 (3
Slide 67: 6.5 Energy Flow
6.5 Energy Flow Energy Flow – Copel Dis
Slide 68: Energy Flow - Copel Dis
Energy Flow - Cope! Dis 3020 3ai8 Var. % smzo M9 Var. % traipu 4,382 1,387 (04) 436 4146 (0.7) CCEAR ~Group Companies 38 38 z 113 a4 (0.9) CCEAR Other 2900 | 3,22 (74)_85a 9209 (6.2) sigmients ~ Mechanism Tor Compensation oF Surpluses and Doficits MCSD ENE 197 zs | _ sad - z CCE (MCP) - . i 2 . - An
Slide 69: Energy Flow - Copel GeT
wh Energy Flow - Copel GeT. 3020 3019 var.% | _9MZ0 Mis Var.% (Own Generation (net of losses) 4257 4737 (10.1) 7425 | 13,961 (46.8) Dona Francisca 36 35 28 106 4105 10 Copel Comercializagao 288 155 858 288 155 358 MIRE Receipt 168 3 55000) 5077 96 51885 Total Available Power 4749 4930 (37) 12,896 14
Slide 70: Energy flow chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 71: Energy Flow – Copel Comercialização
Energy Flow – Copel Comercialização
Slide 72: Energy Flow - Copel Comercialização
GWh Energy Flow - Copel Com 3a20 «3019 Var.% = 920. M19‘. % Copel Get 2085] 1405| 470) 5348] 3,757] 423 Other 1439 ga2| 465] 3,651 2496) 463 CEE (NCP) 35 2| 26500 7 34) 1853 Total Available Power 3559 2389 «490 «8,096 == 287 | aT Free Customers 3,201 mo] 692) 3851) 49a1| 683 Bilateral Agreements agi
Slide 73: Consolidated Energy Flow (Jul to Sep 2020)
Consolidated Energy Flow (Jul to Sep 2020)
Slide 74: Consolidated Energy Flow
Wh Captive Market 4445 _ 33.9% ‘Concessionaires* 17_ 0.1% Electricity salesto distributor CCE" 380.3% ‘Assignment MCSD EN" 174 13% ‘Own Generation 5,019 38.3% Total Available Power 13,094 Purchased energy 2075 61.7% CCEAR: 2,900 ‘Supplied Energy Italpu: 1,382 5,168 39.5% Dona Francisca: CEE (MCP): A
Slide 75: 6.6 Tariffs
6.6 Tariffs Sales to Distributors Average Tariff (CCEARs) – Copel Geração e Transmissão
Slide 76: Power Purchase Average Tariff – Copel Distribuição
Power Purchase Average Tariff – Copel Distribuição
Slide 77: Power purchase average tariff table
RS / MWh. mA Amount — Sep/20—Jun/20—Sep/19 Var. % Var. % bia Average MW (1) (2) (3) (1/2) (1/3) Itaipu? 592.7 380.5 374.3 275.1 a7 38.3 ‘Auction ~ CCEAR 2010 ~ H30 69.9 240.4 236.7 235.7 14 19 ‘Auction - CCEAR 2010 T15” 60.1 166.2 156.4 1528 63 88 ‘Auction ~ CCEAR 2011 ~ H30 57.9 247.6 244.2 243.0 1
Slide 78: Sales to Final Customers Average Tariff
Sales to Final Customers Average Tariff Copel Distribuição
Slide 79: 7. Capital Market
7. Capital Market 7.1 Capital Stock Copel’s capital amounts to R$ 10,800.0 million. On September 30, 2020, the Company's capital was represented as follows:
Slide 80: Capital stock by shareholder
Thousand shares Shareholders ‘common % Preferred”) % % TOTAL % State of Parand 85,029 586 : : : : 85,029 Bia BNDESPAR 38,299 264 : : 27,282 213 65,581 240 Eletrobras 3531 aa : : : : 4531 06 Free Floating 19,836 137 7 235) 100,965 78.7 120,878 442 83 19,720 136 7 235 77978 60.1 96,875 35.4 NYSE 116 o
Slide 81: Preferred
Preferred
Slide 82: Stock chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 83: 7.2 Stock Performance
From January to September 2020, Copel’s common shares (ON - CPLE3) and class B preferred shares (PNB - CPLE6) were traded in 100% of the trading sessions of the B3 S.A. - Brasil, Bolsa, Balcão (B3). The free float accounted for 68.93 % of the Company’s capital. At the end of September 2020, the mark
Slide 84: Stock performance chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 85: 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 86: Dividend payment table
Type of Earning Fiscal Year Approved on Paid on ‘Thousands of RS RS per Share {gross} Common Preferred "A" _Preferre: Total 2011 421,091 1.46833 252507 1.61546 Toc’ 2011 08/13/11 09/15/11 225,814 0.78803 0.86706 0.86706 oc 2011 04/26/12 05/29/12 195,277 068030 1.65801 0.74840 Total 2012 268,554 0.93
Slide 87: 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 between July and September 2020:
Slide 88: Generating facilities table
‘ace Installed ‘Assured Power Generation Concession Capacity (MW) (Average MW) __(GWh)* Expires Hydroelectric Power Plants 4,987.0 2,209.3 7,455.4 HPP Gov. Bento Munhoz da Rocha Netto (Foz do Areia) 1,676.0 603.3 1,659.0 17.09.2023 HPP Gov. Ney Aminthas de Barros Braga (Segredo) 1,260.0 578.5 2,318.
Slide 89: 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 90: Wind farms table
ween a Sy, es Se ie Soe ‘io Bento Energla, Invest. Part. 5A 940 463 tise 23155 (GE Boa Vista SA 140 63 6a 23753 04272086 GE Otho D’Agua SA 2nd FA 200 10.1 255 23061 05.31.2046 (GE Si Bento do Norte S.A. (08.26.2010) 300 153 404 23061 05.18.2046 GE Farol SA 300 146 379 23061 04.19.2046 Copel Brisa Po
Slide 91: Quota system plant
In addition, Copel GeT operates one plant under the quota system, as shown below:
Slide 92: 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 93: Voltalia São Miguel do Gostoso
Wind arm Tawra) PH Start StkeK) TE than Voltalia - Sao Miguel do Gostoso | Participagées S.A. Reduto 270 144 tseg0 juris 49%COPEL «S30 Miguel do _ 04.15.2047 ae oo ta toa Se The capacity envisaged in the Auction was altered based on the characteristies of Acciona Windpower's equipment, respecting th
Slide 94: 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 95: 8.2 Transmission
8.2 Transmission Assets in Operation The chart below shows the transmission concession agreements and the design of the substations clusters and the transmission lines in operation:
Slide 96: Transmission chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 97: Transmission concession table
= Substation WR WPA Suvsiary/ SPC Contract, merpie reduction 4 tension) Amount == MVA = cmmeny ——_Exration opal cer 80/2001? Several 207 Py 12352 sos 12312002 Copel Get 075/201" 137 = = 16 08.16.2031 opel cet 06/2008 2 a 2 1a 03162038 opal cer 27/2009 TL For-Cascavel Oeste ne 5 : 27 11182039 opal ce
Slide 98: Assets under Construction
Assets under Construction Copel GeT is substantially increasing its share of the transmission segment through its own investment and partnerships in special purpose companies - SPCs. The projects sum up a total of 1,027 km of transmission lines and one substation and will generate an APR of R$163.2
Slide 99: Construction chart
bled How COPEL und Eaerglane Earnings Release 3Q20
Slide 100: Operating Data – Distribution
Operating Data In the distribution business, Copel serves more than 4.7 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 13
Slide 101: Compact and Secondary Isolated 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 102: Quality of Supply
Quality of Supply The two main indicators of power supply quality are DEC (outage duration) and FEC (outage frequency). The trends for these indicators, as well as for total time service, are shown below:
Slide 103: 8.4 Telecommunications
8.4 Telecommunications Copel Telecomunicações has an optical backbone/backhaul made up of a high capacity intermunicipal transmission network and the access network. The access network can be multi-point (GPON) or point-to-point (conventional), thus connecting customers to Copel Telecom’s data trans
Slide 104: Copel Telecom Fiber Optic Network Map of Paraná
Slide 105: 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 106: 8.6 New Projects
8.6 New Projects Project Portfolio Copel holds interests in different power generation projects. When these projects go into commercial operation, they will add 263.8MW of installed capacity to the Company's portfolio (in proportional to the Company’s stake in the enterprises).
Slide 107: New projects capacity table
Estimated Installed Capacity _Estimated Assured Power COPEL' Stake ree (mw) (Average MW) 0) SHP 105.9 725 Foz do Curucaca 29.0 200 190 Salto Alems 290 198 190 So lorge 215 as 25.0 Veré 26.4 18.2 25.0 HPP 4147 27.0 ‘S40 Jerénimo 331.0 178.1 412 Salto Grande 47.0 26.9 99.9 Dois Vizinhos 367 22.0 25.0
Slide 108: Hydro and wind studies
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 109: 9. Other Information – Human Resources
9. Other Information 9.1 Human Resources Copel’s workforce closed 3Q20 at 7,006 employees distributed. The table below shows employee number trends in the Company and its subsidiaries in the last four years:
Slide 110: Workforce chart
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Slide 111: Subsidiary employees
Compagas, Elejor and UEG Araucária, companies in which Copel holds a majority interest, had 149, 7 and 15 employees, respectively. At the end of September 2020, Copel Distribuição had 4,797,523 customers, representing a consumer-to-employee ratio of 982.5.
Slide 112: 9.2 Main Operational Indicators
9.2 Main Operational Indicators
Slide 113: Main operational indicators
Generation Copel Get In operation Hydroeletric* 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 114: 9.3 Conference Call 3Q20 Results
9.3 Conference Call 3Q20 Results Information about 3Q20 Results Conference Call: > Friday, Novembert13, 2020, at 10:00 a.m. (Brazilian time) > 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
Slide 115: Exhibit I – Consolidated Cash Flow Statement
Exhibit I – Consolidated Cash Flow Statement
Slide 116: Consolidated Cash Flow
Consolidated Cath Flow ‘a0 oie {ash flows from operational activites Net income forthe period z7aca03 | 4Aseate Acjustments to reconcile et inca for the period with cash generated from operating activities 2920s 4,874,222 Depreciation and Amortization Benes | e240 Unrealized monetary and cambial war
Slide 117: Exhibit II – Financial Statements – Wholly Owned Subsidiaries
Exhibit II – Financial Statements – Wholly Owned Subsidiaries Income Statement – Copel Geração e Transmissão (Consolidated)
Slide 118: Income Statement – Copel GeT
Rs'000 aS 3020 3015 var% ono amis Vane oH (3) (/3) (Oy (5) (a/s) OPERATING REVENUES 1,192,968 985,588 21.0 3,370,804 2,928,907 15.1 Electricity sales to final customers 151,558 | 182,505, (17.0) 432,065 | 520,950 (17.3) Electricity sales to distributors 747,444 | 600,670 2a4| 2,148,495 | 1,780,635 2
Slide 119: Income Statement – Copel Distribuição
Income Statement – Copel Distribuição
Slide 120: Income Statement – Copel Distribuição
.R$'000 ieee 3020 720 ~<a) —~C«arS SCO ~S~CMI Cant ) fel @ (3) ny ©) a/s) ‘OPERATING REVENUES 2785540 | 2488643 | 2,693,962 34] 7a7zsa2| 7585418 38 Electricity sales to final customers 4,191,198 | 1,208,608 | 1,172,580 1s| 3810207 | 3.750552 1s Electricity sales to disteibutors 75,022 60,295 | 123,2
Slide 121: Income Statement – Copel Telecomunicações
Income Statement – Copel Telecomunicações
Slide 122: Income Statement – Copel Telecomunicações
a sano 7020 sas Var eT) ‘OM Vars an ie re) (1/3) 1 5) (4/5) [NET OPERATING REVENUES sao) 93,368 102,212 (7a) 285703) 319,074 (10.4) Revenues from telecommunications 94466) 92,682, 101,681, (7a) 283868, 315,583 (209) Other operating revenues 48 686 sm (216) 4875 3491 (463) ‘OPERATING COSTS AND EXPENS
Slide 123: Income Statement – Copel Comercialização
Income Statement – Copel Comercialização
Slide 124: Income Statement – Copel Comercialização
R$'000 messi Walaiaos 3ax0 2030 3019 vars ‘Mao Evry Var en @ eh (a3) @ (5) (a/s) ‘OPERATING REVENUES 706,749 $13,522) 534,791 32.2) 4,759,112 1,288,174 366 Electricity sales to final customers 235,632, 203,43) 143,275 64S) 6H4g1 389,585, 65 Electricity sales to distributors 365976 272,967 | 308,489
Slide 125: Exhibit III – Financial Statements by Company
Exhibit III – Financial Statements by Company Balance Sheet by Company
Slide 126: Balance Sheet by Company – Sep-20 Assets
‘ona Oeste SP, seats -Set20 emmtncy Mite eam cmpets ar Anaemia Wnams MenmiStcnd FDA avin Holding ‘iminatons ——_Canslates iar: ean a7eases | ——_sasn7es| —eoboss|——asramt| —izo0ss| —7aosa| soo] =n ars ni9a68] ass] ——asaaoes (exez50] amas ‘ash and cash equilent 763664) 47a706| aso01a| 59459) «3503/39 m
Slide 127: Balance sheet chart
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Slide 128: Assets – Dec-19
R$'000 Geragioe ves poabescadtiy: ‘Assets - Dec-19 a ®, Distrbuicso Telecom Compagas—_—Elelor ComercializagSo Wind Farms Marumbi SPCand Holding —Eliminations Consolidated ee irapuru SPC ‘CURRENT 3,428,907 | 4,631,991 | 528,754 313,896 80,079 80,788 229,630 54,731 55,751 | 1,018,427 (1,000,738)| 7,90
Slide 129: Balance sheet chart
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Slide 130: Liabilities – Sep-20
nies S20 umetes ——ouindglo—Telaom =—=«<Comggns=«=«ser_=—UG Auctn Comarca, Windfarm trond «FDA elnVitn——leg,—==lmiloms = Cmlitnd oie: ‘Ulrapura SPC ‘quRRENT 3,925,531 3100054 33,206 21079 90,035 6001 | 247062 220429 33,890 49,956 9760 907 804 (369,978) 724949 Social charges and acca immo) eT 6 os 3.8
Slide 131: Balance sheet chart
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Slide 132: Liabilities – Dec-19
RS'000 Costa Oeste SPC, abilities - Dee/19 eeasto®—_istbuigdo Compagas Elejor EG Araucéria Comercalizago Wind Farms Marumbi SPCand Holding _—=—Eliminations- Consolidated Uirapuru SPC CURRENT 14949,980 | 2,468,159 5296 236,190 35,647 91,066, 168,016 23526 955871 (992,25)| 5,345,621 Social charges and
Slide 133: Balance sheet chart
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Slide 134: Income statement by company
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Slide 135: Income statement chart
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Slide 136: Income statement by company – costs
RS'000 Geragdo e Transmissio Costa Oeste SPC, enna Siena tam eestor cements ners termes tee, SY cena — an omens TaTomATRO RN youu | aan | aaoe!| ieee | aren] —as| we] an] oan ~]tovoasy aaa east w ool A 12.5 rasio : : 5 1375 : : “om tera daeteWvinlet w dsubstos sar ta : [esa | is | aa | : =| axsisn|
Slide 137: Income statement chart
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Slide 138: Income statement by company – 9M20
Sao Tasais Ta Doe come Sateen 0 enmion Traranoa evinicso Team comme ei 9 comacatato wintFame EMAC aang FDA itn imine Comet ete TE OPERATING WOME iriemer| Taam |—yansa| sys] Sessa asis| umes] ames] seas | syow| | aman] | wasn] echciyeales fal atone ‘ioe mer : : : gaat : es a I) Sleciciy sales dsbston
Slide 139: Income statement chart
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Slide 140: Income Statement 9M19 by company
R$'000 Geragio e Transmissio ‘cus Costa Oeste mec Income Statement M119, Distibugo Telecom © Compagas. —Elejor =, NS Comercializago. Wind Farms SPC and Holding «utes Consolidated Generation Transmission ‘Marumbi SPC [NET OPERATING INCOME 2066482 584708 | 7.585.818 319.074 668.088 | 168.120 398 1.288
Slide 141: 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 November 12, 2020 COMPANHIA PARANAENSE DE ENERGIA – COPEL By: / S / Daniel Pimentel Slaviero Daniel