13 slides from Transmissora Alianca De Energia Eletrica's earnings presentation, May 8, 2025
Slide 1: Earnings Release 1Q25
Earnings Release 1Q25 May 8, 2025 Efficiency that enpowers 1
Slide 2: Disclaimer
Disclaimer The individual and consolidated financial projections were prepared in accordance with accounting practices adopted in Brazil, encompassing corporate legislation, pronouncements, guidelines and interpretations issued by the Accounting Pronouncements Committee (CPC), in addition to the rul
Slide 3: Sustainability
Sustainability Sustainability Report 2024 ESG Journey Early filing with ANEEL Review of material issues based on Dual Materiality, aligning relevant ESG impacts and risks Strategic submission ahead of the Annual General Meeting (AGM) proposal Prioritized themes for the ESG strategy and Sustainabilit
Slide 4: 1Q25 Highlights
1Q25 Highlights Regulatory net revenues increased by 3.8%, reflecting new revenues in the quarter: R$ 6.2 MM from Novatrans’ reinforcements and R$ 1.2 MM from Pitiguari. Regulatory OPEX fell 11% year on year. Excluding non-recurring effects from 1Q24, the drop was 0.7% year on year, even with 5.5% i
Slide 5: Regulatory Net Income
Regulatory Net Income (R$ MM – TAESA consolidaded) -0.7% EBITDA 32.8 (-1.2) (R$ MM – TAESA consolidated) 82.8% 85.2% 10.1 2.1 189.5 20.5 188.3 EBITDA Margin 6.9% (+32.8) 42.4 509.6 476.9 1Q24 Net Δ EBITDA Δ Equity Δ Depreciation Δ Net Financial ∆ Income 1Q25 Net Income* Method and Result taxes and I
Slide 6: Regulatory EBITDA
Regulatory EBITDA (R$ MM – TAESA consolidated) Adjusted EBITDA +6.9% (R$ MM – TAESA consolidated) (+32.8) 10.7 509.6 84.9% 85.2% 13.1 +2.1% 10.1 1.2 509.6 499.2 476.9 1Q24 1Q25 adjusted** EBITDA Δ RAP Δ Variable Δ Other Δ OPEX EBITDA 1Q24* Portion Revenue 1Q25 Deductions OPEX OPEX flat (R$ MM – Taes
Slide 7: Operational Performance
Operational Performance Availability Index Variable Portion / RAP (%) (%) +0.2pp 3.02 99.78 99.96 -2.0pp 3.71 1.01 0.94 0.07 1Q24 1Q25 -0.69 1Q24* 1Q25 Current year Previous periods 7 * Note 4 to the interim financial statements information (ITR) for the quarter ending on March 31, 2025.
Slide 8: IFRS Net Income
IFRS Net Income (R$ MM) -2.5% 374.7 (-9.5) 365.2 1Q25 x 1Q24: • (R$ 107 MM): Reduction in the implementation margin due to the delay in the environmental licensing for Ananaí resulting from the IBAMA's standstill • (R$ 37.9 MM): Higher financial expenses due to macroeconomic indices and higher net d
Slide 9: Projects under construction
Projects under construction (R$ MM) 743 km ▪ Novatrans reinforcements delivered 3 to 6 months ahead of schedule and total Saíra RAP/CAPEX1: 182.0 / 1,176 authorized RAP of R$ 38.9 MM (R$ 20.8 MM in 2024; R$ 18.1 MM in Feb/25) RS Progress² 92.9% 100% TAESA ANEEL’s Deadline: mar/28 Concession Maturity
Slide 10: Indebtedness
Indebtedness (R$ MM – TAESA with proportional consolidation) Net Outstanding Debt Debt Amortization Profile 4.0 4.0 4.1 4.0 3.8 Average cost of debt (real): 5.48% (pre-tax) 6,459 11,106 11,134 11,542 10,782 10,960 Average debt term: 4.7 years 2,089 1,232 1,598 980 1,060 Cash 561 Balance 1Q24 2Q24 3Q
Slide 11: Earnings Distribution Announcement
Earnings Distribution Announcement YTD R$ 720 MM declared Board of Directors’ Meeting May 7, 2025 R$ 2.09 Board of Directors approves the distribution of: per Unit R$ 188.3 million Declared Dividends (R$ MM) as Interest on Equity (IoE). 720 111 Cut-off date: May 12, 2025 Ex-IoE date: May 13, 2025 18
Slide 12: Q&A Session
Q&A Session 12
Slide 13: taesa
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