Axia Energia Sa · BMFBOVESPA:AXIA3

Axia Energia Sa — Brazilian Electric Power — Q3 2014 Earnings Presentation

14 slides from Axia Energia Sa's earnings presentation, Nov 17, 2014

  1. Slide 1: Conference Call: Financial Statements 3Q 2014

    = Eletrobras Baas he | eer ee eee Conference Call Financial Statements 3Q 2014

  2. Slide 2: Forward-looking statements

    This presentation may contain forward - looking statements. Such statements are not statements of historical facts but reflect the beliefs and expectations of our management and may constitute forward - looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, a

  3. Slide 3: EBITDA

    EBITDA 9M14 9M13 (%) Results of the period -1,850 -783 -137% + Provision Income Tax and Social Contribution 161% + Financial Result -39 -821 95% + Depreciation and Amortization 1,169 1,083 8% = EBITDA -359 -383 5%

  4. Slide 4: Highlights of the Consolidated Results - 09M

    Highlights of the Consolidated Results - 09M 3 Eletrobras R§ million R§ million oMi4 3Q14 Eletrobras | Eletrobras Holding Reversion CEMAT 334 Holding Foreign Currency Variation 349 Furnas ~ SPE Madeira Energia (700) Electric Energy purchased for resale (3,135) Generators and Generation and Transmiss

  5. Slide 5: Investments in Improvements and Upgrading

    Investments in Improvements and Upgrading - RS million 2 Eletrobras Renewed Assets — Law 12,783/2013 Updated Value LUIS 1,002 The amounts invested are representing expenses and consequently, reduction on income and EBITDA of the Company. 9M14

  6. Slide 6: Onerous Contracts

    Onerous Contracts Consolidated Balance Amounts due 2014 2014 2013 2012 3Q14 2Q14 1Q14 Transmission Contract061/2001 - -384 - Contract 062/2001 1,407 - Others - - -114 -15 - 1,155 1,491 -25 -255 - Generation Itaparica 1,019 Jirau 1,608 Camaçari - -06 Termonorte II - - - - - Funil - - Complex Paulo Af

  7. Slide 7: Generation and Transmission Companies Results

    Net Operating Result of Service Profit/Loss for the EBITDA EBITDA Margin Company Revenue Period (%) 9M14 9M13 9M14 9M13 9M14 9M13 9M14 9M13 9M14 9M13 Furnas 4,508 3,196 (446) (292) (578) (208) 8.3% (6.5)% Chesf 2,555 3,153 (468) (734) (269) (421) (599) (16.5)% (19.0)% Eletronorte 4,529 3,484 1,298 1

  8. Slide 8: Distribution Companies Results

    Net Operating Result of Service Profit/Loss for EBITDA EBITDA Margin Company Revenue the Period (%) 9M14 9M13 9M14 9M13 9M14 9M13 9M14 9M13 9M14 9M13 Amazonas Energia 2,413 1,902 (56) (240) (939) (624) (127) 0.9% (6.7)% Dist. Alagoas (150) (100) (189) (119) (126) (81) (16.7)% (12.4)% Dist. Piauí (25

  9. Slide 9: Consolidated Equity Structure

    Consolidated Equity Structure 3 Eletrobras Total Consolidated Assets RS 141.8 billion Investment/Fixed Asset Millstockholders’ Equity Financial Asset - Concessions Provision Contingencies Others fll others Reimbursement Right Ill Reimbursement Obligation Compensations Ill Suppliers Securities |) RGR

  10. Slide 10: Consolidated Financing - R$ billion

    Consolidated Financing- R$ billion s - Eletrobras Parent Company RGR Total: R$ 36.9 billion Consolidated 12

  11. Slide 11: Parent Company's Financing - R$ billion

    Parent Company’s Financing - RS billion 2 Eletrobras RGR Bonds Total: R$ 23.6 billion Financial Institutions Financing witl t RGR = R$ 15.9 billion (-) Cash + Securities = R$ 2.5 billion (-) Receivable Financing without RGR = R$ 24.0 billion (=) Net Debt without RGR = R$ (10.6) billion

  12. Slide 12: Parent Company's Financing - R$ billion

    Receivable R$ 29.9 Parent Company’s Financing- RS billion 2 Eletrobras Payable R$ 23.7 Sources Uses Bonds ‘Average Rate V7 7.6% 05 04 Real US Dolar Others @receivable @ Payable 14

  13. Slide 13: Parent Company's Result - R$ million

    Parent Company’s Result - R$ million 2 Eletrobras 143 464 an | (50) . ff oom14 A | wo ° (4,302) (1,862) 499 — 483 Hi (167) 393 oomi3s || = [1] {2a 720) a9) (787) Shareholdings Financial Net Financial Net Monetary Net Currency Shareholders. asserftay Revenues Adjustment’ Adjustment Resources Financia

  14. Slide 14: Investor Relations

    www. eletrobras. com. br/elb/ir Investor Relations invest@eletrobras. com Phone number: (21)2514 -6331 (21)2514 -6333

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