Transmissora Alianca De Energia Eletrica S.a. · BMFBOVESPA:TAEE3
Transmissora Alianca De Energia Eletrica — Taesa — 1Q26 Earnings Presentation
16 slides from Transmissora Alianca De Energia Eletrica's earnings presentation, May 7, 2026
Slide 1: Earnings Release 1Q26
ri.taesa.com.br/en/ Earnings Release 1Q26 May 7, 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: The purpose that drives us
The purpose Our values that drives us "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 peop
Slide 4: Efficiency
Efficiency TAESA's 21st Debenture Issue: R$ 800 MM 1st Series: R$ 400 MM 2nd Series: R$ 400 MM Rate CDI + 0.51% CDI + 0.65% Term and 7 years, amortization 10 years, amortization amortization starting on the 6th year starting on the 8th year Interest Semiannual, no grace period Use of Liquidity enhan
Slide 5: Accomplishments for the Period
Accomplishments for the Period 1st Quarter 2nd Quarter ▪ 21st Debenture Issue of R$ 800 MM ▪ Early publication of the 2025 ▪ Partial energization of Tangará with an Sustainability Report, together with additional RAP of R$ 23.0 MM (21.3% of ▪ Partial energization of Tangará with an the 4Q25 results
Slide 6: 1Q26 Highlights
1Q26 Highlights Regulatory net revenues PV of 0.42% of RAP in Investments of +9.6% in the quarter 1Q26, maintaining a high R$ 312.2 MM driven by the energization of Pitiguari, availability rate of (+16.6% vs. 1Q25) partial energization of Tangará and due to the progress of reinforcements in TSN, São
Slide 7: Regulatory Net Revenue
Regulatory Net Revenue 1Q26 x 1Q25 (R$ MM – TAESA consolidated) RAP readjustment for the 2025-2026 cycle IGP-M and IPCA +9.6% 655.5 597.9 Operational start-up Pitiguari and Tangará (partial), Saíra 2025 Reinforcements1 2026 and ATE III TSN, São Pedro Reinforcement¹ Improvement in PV Planning focused
Slide 8: Operating Performance
Operating Performance (R$ MM – TAESA consolidated) Asset Performance Optimization Targeted Investments Driven by continuous operational efficiency Greater focus on investments Increased use of predictive in critical assets techniques to avoid failures Availability Variable Portion Index (PV / RAP) H
Slide 9: Regulatory EBITDA
Regulatory EBITDA OPEX reflecting the operating result (R$ MM – TAESA consolidated) +5.8% 88.3 93.4 +10.3% (+52.5) 55.8 3.7 562.1 1.9 5.1 1Q25 OPEX 1Q26 OPEX 509.6 Continuous margin evolution 87.1% 87.8% 1Q25 Δ Energy Δ Variable Δ Other Δ OPEX 1Q26 Proportional EBITDA Transmission Portion Effects on
Slide 10: Regulatory Net Income
Regulatory Net Income (R$ MM – TAESA consolidated) Non-recurring adjustments Issuances for Start-up of projects Efficient cash in 1Q25 and change of São Aimorés, and unitizations management and Pedro to the real profit tax Paraguaçu, and lower monetary regime TBE restatement +2.3% 52.5 (+4.3) 35.9 8
Slide 11: IFRS Net Income
IFRS Net Income (R$ MM) 1Q26 x 1Q25 Main reasons: Monetary Restatement Equity Method -3.2% 365.2 (-11.5) -R$ 139.5 MM -R$ 59.9 MM 353.6 Lower IGP-M in the period: Contraction of the IGP-M 1Q26: -0.33% vs. 1Q25: +2.29% Issuances for Aimorés, Paraguaçu, and TBE Construction Margin Net Financial Expens
Slide 12: Projects under development
Projects under development (R$ MM) Progress Investments 100% TAESA Projects: As of 03/31/2026 Project energizations and progress RS 743 km RAP/CAPEX4: 191.7 / 1,176 98.8% driving the quarter’s Capex ANEEL’s Deadline: mar/28 Concession Maturity: mar/53 Operational RAP: Saíra R$ 164.0 MM (~86%) Invest
Slide 13: Indebtedness
Indebtedness (R$ MM – TAESA with proportional consolidation) Net Outstanding Debt Profile Debt Amortization Profile Debt (R$ Bi) 31% 4.1 4.2 16% Average cost of debt (real) +3.0% 5.75% (pre-tax) 8% 7% 7% 4.3 2.3 6% 12,387 12,761 Average debt term 6% 5% 5% 5% 4% 5.4 years 1.1 0.9 1.0 1.0 0.7 0.8 0.7
Slide 14: Earnings Distribution Announcement
Earnings Distribution Announcement YTD R$ 828.9 MM Board of Directors’ Meeting declared May 6, 2026 R$ 2.40 per Unit Board of Directors proposes the distribution of: R$ 192.6 MM Declared Earnings 829 (R$ MM) as Interest on Equity (IoE). 193 Cut-off date: May 11, 2026 313 Ex-dividend: May 12, 2026 Pa
Slide 15: Q&A Session
Q&A Session 15
Slide 16: taesa’
taesa’