Engie Brasil Energia S.a. · BMFBOVESPA:EGIE3
Engie Brasil Energia — Q1 2026 Earnings Presentation
39 slides from Engie Brasil Energia's earnings presentation, May 8, 2026
Slide 1: Results Presentation 1Q26
ENGIE Brasil Energia S.A. RESULTS PRESENTATION 1Q26 May 7, 2026
Slide 2: Disclaimer
1 2 3 4 5 6 7 Disclaimer This publication may include forward-looking operations, plans, objectives, expectations and uncertainties, which based on existing statements on events or results pursuant to intentions and other factors. In the light of these expectations and forecasts on future events and
Slide 3: Contents
01 02 03 1 2 3 4 5 6 7 Highlights and Operating Financial CONTENTS ESG KPIs Highlights Performance 04 08 13 04 05 Expansion Supporting Data 22 28 Results Presentation 1Q26 3
Slide 4: Highlights and ESG KPIs
O1 HIGHLIGHTS AND ESG.KPIs
Slide 5: Highlights
1 2 3 4 5 6 7 Highlights The Board of Directors approved the adherence to the mechanism for Capacity Reserve Auction (LRCAP): renegotiation of the liability recorded Jaguara HPP secured 195.78 MW of as Public Asset Use (UBP) for the Cana contracted capacity for a 15-year ENGIE celebrates the 21st co
Slide 6: Highlights
1 2 3 4 5 6 7 Highlights | Adjusted Ebitda1 (R$ million) Main drivers of the result . 1Q25vs Generation Segment Transmission Segment R$ 265 million R$ 27 million Result of Equity Income (TAG) R$ 34 million | Adjusted Net Income (R$ million) Financial Result Depreciation and amortization Income Taxes
Slide 7: ESG KPIs
1 2 3 4 5 6 7 ESG KPIs | Health and Safety – Frequency rate | Gender distribution in leadership | Emissions intensity1 (tCO2e/MWh) (own employees + service providers)* positions (%) *Source: Ministry of Science, Technology and Innovation *Nº of acidentes / millions of hours of exposure to the risk |
Slide 8: Operating Highlights
02 OPERATING HIGHLIGHTS
Slide 9: Generating and Transmission Uptime
1 2 3 4 5 6 7 Generating and Transmission Uptime Operational excellence in generation and transmission assets Note: Considering programmed and forced stoppages. Results Presentation 1Q26 9
Slide 10: Curtailment
1 2 3 4 5 6 7 Curtailment | % of Curtailment over Generation – 1Q26 (avg MW) Curtailment in 1Q26 in line with National Integrated System (SIN). Organic growth in wind and solar generation with entry into full commercial operation of the Serra do Assuruá Wind and | % of Curtailment* per source Assú S
Slide 11: Energy Generation
1 2 3 4 5 6 7 Energy Generation Increase in solar generation driven by organic growth Hydro generation from MRE lower than 1Q25, 1measured by GSF’ | Generation by Complementary Source (avg MW) | Generating Scaling Factor ( GSF ’ ) Note: Results Presentation 1Q26 11 1GSF’: without the effects of seas
Slide 12: Energy Commercial Strategy
1 2 3 4 5 6 7 Energy Commercial Strategy Gradual sale of energy, with hedge preservation for portfolio risk protection | Energy Balance (% of total; in avg MW) | Uncontracted energy compared to the availability of a given period as of March 31, 2026 Evolution of the 2,434 4,895 number of free (+34.6
Slide 13: Financial Performance
03 FINANCIAL PERFORMANCE
Slide 14: Net Operating Revenue Change
1 2 3 4 5 6 7 Net Operating Revenue Change Net Operating Revenue (R$ million) Generation and portfolio sale Trading Transmission Results Presentation 1Q26 14
Slide 15: Result of Equity Income
1 2 3 4 5 6 7 Result of Equity Income Contribution of the Result Transportadora from Associada de Gás (TAG) to the Ebitda of the Company | TAG’s Net Income Change (R$ million) Stake of 17.5% in TAG, resulting in the contribution of R$ 133 million through equity income to the Company’s Ebitda in 1Q26
Slide 16: Ebitda Change
1 2 3 4 5 6 7 Ebitda Change Ebitda (R$ million) Generation and trading1 Equity Income (TAG) Transmission Notes: 1 Considering the result from generation and trading segments. *IFRS: International Financial Reporting Standards Adjusted Ebitda: net income + income tax and social contribution + financi
Slide 17: Net Income Change
1 2 3 4 5 6 7 Net Income Change Net Income (R$ million) Results Presentation 1Q26 17
Slide 18: Balanced Debt
1 2 3 4 5 6 7 Balanced Debt With no currency exposure | Debt Overview (R$ million) Debt control 31,911 6,465 + 29,329 24,442 461 active management of debt 24,984 costs 20,905 Total Debt / Ebitda2 4.1x 3.8x + (R$ million) 3.3x 3.3x 3.2x 2.9x successful investment 2.7x decisions 2.1x ensure balanced l
Slide 19: Debt Profile and Composition
1 2 3 4 5 6 7 Debt Profile and Composition AAA rating and robust cash generation translate into Debt breakdown competitive costs of debt for financing growth | Maturity Debt Schedule (R$ million) IPCA 53.4% CDI 40.4% TJLP 6.2% 1Q26: Nominal cost of debt: 11.3% p.a. (equivalent to IPCA + 6.9%) PRE Av
Slide 20: CAPEX
1 2 3 4 5 6 7 CAPEX | Allocated/Expected Capex (R$ million) 7,640 7,270 7,367 The expansion plan 6,941 and maintenance CAPEX are supported by a strong cash flow generation and prudent funding strategy. Adjusted Ebitda Allocated Capex Expected Capex Note: 1 Does not consider interests incurred during
Slide 21: UBP Renegotiation (Use of Public Assets)
1 2 3 4 5 6 7 UBP Renegotiation (Use of Public Assets) Value creation • Approved the participation in the mechanism for renegotiating the installments due under the UBP for the Cana Brava and Ponte de Pedra hydropower plants concessions. • The Law 15.235/25 authorizes the settlement of future UBP ob
Slide 22: Expansion
04 EXPANSION
Slide 23: Transmission Projects Under Implementation
1 2 3 4 5 6 7 Transmission Projects Under Implementation Asa Branca Transmissora de Energia (BA, MG, ES) Graúna Transmissora de Energia (SC, PR, SP, MG, Contracted RAP1: Contracted RAP1: R$ 282.7 million LT 500kV Morro do Chapéu II – R$ 268.3 million In 1Q26, progress was made in environmental licen
Slide 24: Transmission Project Under Implementation
1 2 3 4 5 6 7 Transmission Project Under Implementation Colibri (SC, PR, CE, RN) Colibri Transmissora de Energia (Auction 01/2026) Contracted RAP1: R$ 122.8 million Colibri A, B, C, D (Sublots 3) Capex Aneel1: 3-A (RN): 1 synchronous compensator CE RN 3-B (CE): 1 synchronous compensator R$ 1,574.7 m
Slide 25: Capacity Reserve Auction: Jaguara HPP
1 2 3 4 5 6 7 Capacity Reserve Auction: Jaguara HPP Jaguara HPP (MG) Value generation in a hydropower asset with regulated revenue BA Current installed capacity: Jaguara HPP 424 MW Expansion of Jaguara HPP Commercial capacity: aligned with the 324 MW MG ES Company’s strategy to invest in high- Conce
Slide 26: Jirau HPP: update
1 2 3 4 5 6 7 Jirau HPP: update Installed Capacity: | Production (avg MW) | PPAs portfolio3 (avg MW) 3,750 MW 50 Generating Units 75 MW each GU Uptime Physical Guarantee2: Ratio (FID) in 1Q26: 2,182 avg MW 90m extended 100%1 2,257 avg MW 90m constant Shareholding Structure 40% ENGIE Brasil Participa
Slide 27: Jirau HPP: transfer process
1 2 3 4 5 6 7 Jirau HPP: transfer process Installed Capacity: 3,750 MW Dec/25 – 1Q26 Next steps 50 Generating Units 75 MW each GU • Board of Directors authorized the start of • Special Committee for Physical Guarantee2: feasibility studies for the potential transfer; Transactions with Related 2,182
Slide 28: Supporting Data
05 SUPPORTING DATA
Slide 29: Resilient Financial Performance
1 2 3 4 5 6 7 Resilient Financial Performance –20253 From 2016 Proprietary Good portfolio management and diversification into other regulated segments, Investments: installed capacity: such as transmission, natural gas transportation and energy contracts in the Amounted to ACR, result in stability a
Slide 30: Key Performance Indicators
1 2 3 4 5 6 7 Key Performance Indicators Consolidated (in R$ million) 1Q26 1Q25 Chg. Net Operating Revenue (NOR) 3,409 3,013 13.1% Results from Operations (EBIT) 1,865 1,722 8.3% 1 Ebitda 2,248 2,044 10.0% Adjusted Ebitda 2 2,244 2,040 10.0% Adjusted Ebitda by transmission and quota effects 3 2,089
Slide 31: Diversified Portfolio of Assets
12 81 2 3 4 5 6 7 Own installed capacity of Diversified energy Generation of 11,266 MW (5,376 aMW) 39 35 36 5 20 26 25 15 16 29 Portfolio of 3,205 Km of transmission 4 10 17 19 14 18 23 24 28 Assets as of lines under operation Hydro 30 31 13 22 7 21 37 38 39 6 March 31, 2026 Stake of 17.5% in TAG Co
Slide 32: Expansion
1 2 3 4 5 6 7 Expansion Projects under development 1 Santo Agostinho Wind Complex (Phase –RN II) Installed capacity: 279 MW Projects under construction C C 1 2 Transmission 2 Santo Agostinho A Photovoltaic Complex –RN Asa Branca Transmissora 5 3 4 Installed capacity: ~509 MW de Energia –BA/MG/ES Len
Slide 33: Energy Balance as of March 31, 2026
1 2 3 4 5 6 7 Energy Balance ofMarch as 31, 2026 1 Diversified contracting with duration of about 13 years in ACR and 3 years in ACL (in average MW) 2026 2027 2028 2029 2030 2031 Own Resources 5,171 5,186 5,183 5,182 5,150 4,262 Auction Reference Gross Price Net Price of + Purchases for Resale 704 4
Slide 34: Transportadora Associada de Gás – TAG
1 2 3 4 5 6 7 Transportadora Associada –TAG de Gás Contracts Lenght Agreement Capacity2 Contract/Section Type Client Readjustment index4 (km) Maturity (MM m³/day) 46% Basket IGP1; 54% Protagonism for the liberalization of the gas marke Gasene 1,400 Nov-2033 30.3 Legacy Petrobras US PPI Urucu-Coari-
Slide 35: Transportadora Associada de Gás – TAG
1 2 3 4 5 6 7 Transportadora Associada –TAG de Gás Debt structure with competitive cost Rating Local AAA | Internacional BB+ (Fitch Ratings) Transportadora Associada-TAG de Gás Debt Profile (R$) – TAG 6.3 billion as of March 31, 2026 Domestic market: 2nd Debentures (Dec/23 to Dec/33): IPCA + 5.99% p
Slide 36: Headcount
1 2 3 4 5 6 7 1 Headcount | Number of employees | By gender | By age group | By academic qualification Note: 1Does not consider employees posted to projects under construction. Results Presentation 1Q26 36
Slide 37: Sustainability KPIs
1 2 3 4 5 6 7 Sustainability KPIs Unit of Performance Performance Aspect Theme Change measurement 1Q26 1Q25 Emissions intensity by energy generation tonCO 2e/MWh 0.0008 0.0019 -57.4% Emissions intensity by revenue tCO 2 e/million R$ 3.0 7.1 -57.7% E Total emissions (Scope 1, 2 and 3) Tons 10,130.6 2
Slide 38: Contacts
CONTACTS Leonardo Germano Depiné Investor Relations Manager Investor Relations Team leonardo.depine@engie.com Eduardo SATTAMINI Adriana Wagner Ivani Angeli Chief Executive Officer Investor Relations Analyst Investor Relations Analyst adriana.wagner@engie.com ivani.angeli@engie.com Pierre LEBLANC Chi
Slide 39: www.engie.com.br
CNGIC www.engie.com.br