Companhia Paranaense De Energia · BMFBOVESPA:CPLE3
Companhia Paranaense De Energia — Energy Co of Parana — Q4 2020 Earnings Presentation
141 slides from Companhia Paranaense De Energia's earnings presentation, Mar 18, 2021
Slide 1: Earnings Release 4Q20
Earnings Release 4Q20 Copel reports adjusted EBITDA of R$ 1.5 billion in the fourth quarter * EBITDA (including discontinued operations) of R$ 1,377 million in 4020 (+ 32%) 4020 Results Conference Call 03.18.2020 2:00 p.m * Operating cash generation of R$ 979.4 million in 4020 (+ 16.3%) (Brazilian t
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 4Q20, earnings before interest, taxes, depreciation and amortization reached R$ 1,308.7 million, 26.5% higher than the R$ 1,034.5 million recorded in 4Q19. This result is basically due to the 82.5% growth in the “electricity sales to distributors” line, mainly due to
Slide 4: Migration to Level 2 of B3 Governance
Migration to Level 2 of B3 Governance The new bylaws also contemplate the adhesion to B3's Level 2 of Corporate Governance, which establishes, among others: (i) the 100% Tag along for Common and Preferred shares, giving equal treatment to the Company's shareholders; and (ii) the right to vote for pr
Slide 5: Available Cash Flow and dividend policy
In order to preserve the ability to make sustainable investments, the amounts calculated above, except for the mandatory dividend, will always be limited by the ACF. Additionally, the company will try not to exceed the 2.7x leverage. Available Cash Flow (“ACF” or “FDC”) The Available Cash Flow is de
Slide 6: Bookkeeping Agent; CCVA - Copel Telecom
Bookkeeping Agent On January 20, 2021, the Company's Board of Directors approved the implementation of the book-entry share system and, as a result, the hiring of Banco Bradesco S.A. (“Banco Bradesco”) as the book-entry bank for the Company's shares and, if it comes to the UNIT Program be approved,
Slide 7: Result of Incentive Dismissal Programs
Result of Incentive Dismissal Programs (“PDI”) At the end of December 2020, the PDI for Copel Distribuição's Call Center employees was concluded, and of the 375 eligible employees, 169 employees joined the program. Considering the results of the previous PDI, which ended on December 1, 2020 with the
Slide 8: Capex 2021
Capex 2021 In 2021, Copel intends to make investments in the amount of R$ 1,902.7 million, a reduction of 3.3% in relation to what was carried out in 2020. The distribution segment stands out, with planned investments in the amount of R$ 1,217.6 million for the execution of works to improve, moderni
Slide 9: Copel Distribuição
Copel Distribuição – 16.3% efficient Copel Distribuição recorded EBITDA of R$ 216.2 million in 4Q20, 0.4% less than the R$ 217.0 million recorded in 4Q19. In the last 12 months, considering the adjusted numbers and including, for the specific purposes of this calculation, part of the costs incurred
Slide 10: Copel Telecomunicações divestment process
It is also noteworthy that, due to the progress of the Copel Telecomunicações’ divestment process , Copel's Management concluded that, on September 30, 2020, the requirements of CPC 31 were met to classify the telecommunications segment's assets and liabilities as held for sale and also for the disc
Slide 11: Net operating revenue and costs
In 2020, net operating revenue reached R$ 18,633.2 million, 17.4% higher than the R$ 15,869.2 million recorded in the same period of 2019, due to the 31.9% increase in “ electricity sales to distributors ”, due to the dispatch of 983 GWh from UEGA in 2020 and the volume of energy sold in bilateral c
Slide 12: Earnings Release 4Q20
Earnings Release 4Q20
Slide 13: Operating costs and expenses
Operating costs and expenses were partially offset (i) by the reversal of R$ 178.1 million in the "provisions and reversals" line, of which R$ 139.4 million refer to the reversal of impairment in the generation segment and R$ 47.3 million on litigation, an effect arising mainly from tax and labor di
Slide 14: PMSO costs
PMSO costs (except for estimated losses and the provisions and reversals line) increased 51.4%, mainly due to the 46.7% increase in expenses with “ personnel and management ” and a R$ 59,1 million recorded in 4Q20 in “other operating costs and expenses” that reflect the effect of the repeal , in 4Q1
Slide 15: Earnings Release 4Q20
Earnings Release 4Q20
Slide 16: Personnel and management costs
Specifically on costs with “personnel and management ”, the 46.7% increase is related to the higher record of profit sharing (“PLR”) and performance premium (“PPD”), which are due to the higher results of the Company. Neutralizing the effects of the provision for PPD and PLR and the provision for th
Slide 17: 2.3 Equity in the Earnings of Subsidiaries
2.3 Equity in the Earnings of Subsidiaries Equity in the earnings of subsidiaries reflects gains and losses from investments in Copel’s investees and jointly-controlled company, are presented in the table below.
Slide 18: 2.4 EBITDA
2.4 EBITDA In 4Q20, earnings before interest, taxes, depreciation and amortization reached R$ 1,308.7 million, 26.5% higher than the R$ 1,034.5 million recorded in 4Q19. This result is basically due to the 82.5% growth in the “electricity sales to distributors” line, mainly due to the commercializat
Slide 19: Earnings Release 4Q20
Earnings Release 4Q20
Slide 20: EBITDA 2020 and 2.5 Financial Result
In 2020, EBITDA with discontinued operations grew 28.9% in relation to 2019, while, disregarding the non-recurring effects, adjusted EBITDA grew 20.2%. If we do not consider Equity Income, the adjusted EBITDA in 4Q20 would be R$ 1,379.0 million, an increase of 49.5% in relation to 4Q19, while the ad
Slide 21: Earnings Release 4Q20
Earnings Release 4Q20
Slide 22: 2.6 Consolidated Net Income
In 2020, the financial result reached R$ 866.3 million, compared to a negative R$ 455.4 million in 2019, and, in addition to the factors mentioned above, in the accumulated result for the year, the variation is also justified by the recognition of revenue financial loss of R$ 940.9 million resulting
Slide 23: 2.7 Consolidated Income Statement
2.7 Consolidated Income Statement
Slide 24: ae a
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Slide 25: 3. Main Accounts and Balance Sheet Changes
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 Decem
Slide 26: Contract Assets
,492.8 132.5 Contract Assets CPC 47/IFRS 15 came into effect on January 1, 2018 and brought the concept of “contract assets” referring to the right to consideration conditioned to the copliance with obligations to operate and maintain infrastructure, rather than passage of time only (concept of “fin
Slide 27: 3.2 Balance Sheet – Assets
3.2 Balance Sheet – Assets
Slide 28: Balance Sheet – Assets table
R$‘000 aa Dee20 Sep-20 Deeds verse Var a @ 2) (ay a3) ‘CURRENT 111,407,430 | 10,097,721 | 7,909,196 130 442 ‘Cash and cash equivalents 3222,768 3,599,422 | 2,941,727 (105) 96 Bonds and securities, 1465 1460 3,2 03 (529) Collaterals and escrow accounts 197 136 147 449 340 Customers 3,768,242 | 2,938,
Slide 29: 3.3 Debt
3.3 Debt Gross Debt Copel's total consolidated debt totaled R$ 9,946.0 million on December 31, 2020, down 14% 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 h
Slide 30: Debt maturities
Loans, financing and debentures maturities are presented below:
Slide 31: Earnings Release 4Q20
Earnings Release 4Q20
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: 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 35: Earnings Release 4Q20
Earnings Release 4Q20
Slide 36: Lawsuits classified as possible losses
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 December , 2020 , totaled R$ 5,196.7 million, 49.1 % higher than that registered in December 2019 (R$ 3,485.1 million), dist
Slide 37: 3.4 Balance Sheet – Liabilities
3.4 Balance Sheet – Liabilities
Slide 38: Balance Sheet – Liabilities table
RS‘000 aoe Dec20 ‘Sep-20 Dee: vars var a ic) @ an) a) ‘CURRENT 9,654,302 7a2aa9 5,345,621 336 206 Payroll, social charges and accruals 684086 434,696 337,004 s7a 1020 ‘Suppliers 2,291,307 141,647 11,585,280 578 360 Income taxand social contibution payable 681,831 202,935 60,132 (asay|_ 4.0339 ‘Other
Slide 39: 4.1 Copel Geração e Transmissão
4. Performance of the Main Companies 4.1 Copel Geração e Transmissão (Consolidated Result) Copel GeT presented EBITDA of R$ 1,008.3 million in 4Q20, an increase of 49.7% in relation to the R$ 673.6 million in 4Q19. This result is mainly due to (i) the 67.1% increase in revenue from “Electricity sale
Slide 40: Copel GeT results table
R$ million Sea 4a20 40s Var% 2020 2019 Var.% () @ (a2) oy O) (3/4) Net Operating Revenue (RS million) 4,658.3 | 1,100.2 50.7| 5,029.1) 4,029.1 248 Operating Costs and Expenses (R$ million) (902.2)| (655.5) 37.6 (2,827.2)| (2,060.4) 372 Operating Income (R$ million) 780.2 413.4 887) 21219) 16037 323
Slide 41: Copel GeT adjusted EBITDA
Except for the extraordinary effects listed below, Copel GeT's adjusted EBITDA grew 51.9% compared to 4Q19.
Slide 42: Copel GeT manageable costs
Manageable costs, excluding provisions and reversals, grew 160.3%, mainly due to the positive impact of R$ 129.4 million from the reversal of the water rate in the 4Q19 result and the 42.4% increase with “Personnel and management”, as a result of the higher provision for profit sharing (PLR), perfor
Slide 43: Copel GeT personnel and management
Excluding the effects of provisions for Performance Incentive Program – “PPD”, Profit Sharing Program – “PLR” , and Indemnification for voluntary dismissal – “PDI”, the personal and management account registered a reduction of 0.2% in relation to the amounts recorded in 4Q19.
Slide 44: 4.2 Copel Distribuição
4.2 Copel Distribuição In 4Q20, Copel Distribuição recorded an EBITDA of R$ 216.2 million, a decrease of 0.4% compared to the R$ 217.0 million recorded in 4Q19, mainly due to (i) the 6% reduction in revenue from “Electricity sales to final customers”, due to the 0.7% reduction in the volume of elect
Slide 45: Copel Distribuição adjusted EBITDA
Except for the extraordinary effects listed below, Copel Distribuição's adjusted EBITDA in 4Q20 was R$ 420.4 million, 48.1% higher than 4Q19.
Slide 46: Earnings Release 4Q20
Earnings Release 4Q20
Slide 47: Copel Distribuição manageable costs
Manageable costs increased 27.1% compared to 4Q19, mainly due to (i) the 53.1% increase in expenses with “personnel and management”, due to provisions for profit sharing (PLR) and premium performance (PPD); and (ii) due to the increase in losses from decommissioning, partially offset by the reductio
Slide 48: Copel Distribuição personnel and management
Excluding the effects of provisions for Performance Incentive Program – “PPD”, Profit Sharing Program – “PLR” , and Indemnification for voluntary dismissal – “PDI”, the personal and management account registered a reduction of 11.3% in relation to the amounts recorded in 4Q19.
Slide 49: Earnings Release 4Q20
Earnings Release 4Q20
Slide 50: 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 and, still, for the disclosu
Slide 51: Copel Telecom manageable costs
Manageable costs increased by 1.4% compared to 4Q19, due to the 31.6% increase in expenses with “personnel and management“, due to the higher provisions for Performance Incentive Program – “PPD”, Profit Sharing Program – “PLR” , and Indemnification for voluntary dismissal – “PDI”, partially offset b
Slide 52: Earnings Release 4Q20
Earnings Release 4Q20
Slide 53: Copel Telecom personnel and management
Excluding the effects of provisions for for Performance Incentive Program – “PPD”, Profit Sharing Program – “PLR” , and Indemnification for voluntary dismissal – “PDI”, the personal and management account registered a drop of 14.3% in relation to the values recorded in 4Q19.
Slide 54: Copel Comercialização adjusted EBITDA
Except for extraordinary effects, adjusted EBITDA in 4Q20 was R$ 12.7 million, compared to a negative result of R$ 9.0 million in 4Q19.
Slide 55: Earnings Release 4Q20
Earnings Release 4Q20
Slide 56: 4.5 Accounting Information
4.5 Accounting Information Accounting information concerning Copel’s interests in other companies on December 31, 2020, is shown in the following table :
Slide 57: 5. Investment Program
5. Investment Program The following chart shows the investment program carried out in 4Q20 and scheduled for 2021:
Slide 58: Earnings Release 4Q20
Earnings Release 4Q20
Slide 59: 6. Power Market and Tariffs
6. Power Market and Tariffs 6.1 Captive Market – Copel Distribuição Copel Distribuição’s captive market energy sales totaled 5,002 GWh in 4Q20, a reduction of 0.7% in relation to 4Q19, mainly as a result of a reduction in the consumption of industrial customers, in the segments of manufacturing of f
Slide 60: Earnings Release 4Q20
Earnings Release 4Q20
Slide 61: 6.2 Grid Market (TUSD)
For further details, access the Notice to the Market - IR 06/21 (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: 6.3 Electricity Sales
6.3 Electricity Sales Copel’s energy supply —the volume of energy sold to final customers, which comprises sales in Copel Distribuição’s captive market and free market sales by Copel Geração e Transmissão and Copel Comercialização — increased 5.1% between October and December 2020. The breakdown of
Slide 63: Earnings Release 4Q20
Earnings Release 4Q20
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 14,268 GWh in the fourth quarter of 2020, an increase of 13,7% compared with the same period last year. The following tab
Slide 65: Earnings Release 4Q20
Earnings Release 4Q20
Slide 66: TPP Araucária
TPP Araucária Additionally, TPP Araucária had a significant dispatch in the fourth quarter of this year, due to the worsening of hydrological conditions in the South region and the reduction of energy available in the system. The comparison with the amount of energy produced by the thermoelectric pl
Slide 67: 6.5 Energy Flow
6.5 Energy Flow Energy Flow – Copel Dis
Slide 68: Energy Flow - Copel Dis
Energy Flow -Copel Dis az das Ver. % 2020 2019 Ver. 96 Ttaipu 4362 | 1387 (oa) 5498 | 5533 (os) CCEAR~ Group Companies 40 38 26| 154 153 07 CCEAR - Other 2937 | 352 (6s)|_ 11578 | 12,361 (63) Peal = : Tae - . cccee (mice) 524 23 21783| 536 23 22304 Angra 243 245 (o8)| 968 278 (1.9) cee asca_| 1594 (
Slide 69: Energy Flow – Copel GeT
Energy Flow – Copel GeT
Slide 70: Energy Flow - Copel GeT
Energy Flow - Copel GeT 4a20 sano Var.% | _ 2020 2019 Var. %6 ‘Own Generation (net of losses) 2,689 3.238 (79) | 10115 | 13,961 @75) Dona Francisca 36 36 : a2 105 352 Copel Comercializago 199 487 155 2142 Other 5 > 5 ° - MRE Receipt 735 349 a278| 5878 x6 | 60228 ‘Total Available Power 3728 3623, 281
Slide 71: Energy Flow – Wind Farms
Energy Flow – Wind Farms
Slide 72: Energy Flow – Copel Comercialização
Energy Flow – Copel Comercialização
Slide 73: Energy Flow - Copel Com
GWh Energy Flow - Copel Com 4qz0 aqig—Var.% ©2020 2019 Var.% Copel GeT 1,899 1368] 388 7275 6109] 194 other 1454 asa] 743 5077 4010) 26.6 CEE (MCP) : - : 7 66) 470 Total Available Power 3,353 2202 523 12449 toaes| 222 Free Customers 1,269 74) 753) 4,620 3272) 412 Bilateral Agreements 1,782 1469) 213
Slide 74: Consolidated Energy Flow (Oct to Dec 2020)
Consolidated Energy Flow (Oct to Dec 2020)
Slide 75: Consolidated Energy Flow
"Own Generation 3,349 ‘Total Available Power 12,608 Dona Francisca: CCE (MCP): ‘Angra: cece: re: Elejor: Prointa others! 1,651 CCCEAR: Energy Purchase Agreements inthe Regulated Market. CER: Reserve Energy Agreements. MRE: Energy Reallocation Mechanism. CCCEE (MCP): Electric Power Trade Chamber (Sho
Slide 76: 6.6 Tariffs
6.6 Tariffs Sales to Distributors Average Tariff (CCEARs) – Copel Geração e Transmissão
Slide 77: Power Purchase Average Tariff – Copel Distribuição
Power Purchase Average Tariff – Copel Distribuição
Slide 78: Power purchase average tariff table
RS / MWh a ‘Amount Dec/20 Sep/20.Dec/i9.—-Var.% ——Var.% is Average MW __(1) @) @) (1/2) (1/3) Itaipu® 590.4 320.0 358.2 264.6 (20.7) 209 ‘Auction ~ CCEAR 2010 - H30 76 | 2401 | 2402 | 2357 (0.0) 19 Auction - CCEAR 2010-15” 60.1 219.3 161.3 169.7 36.0 29.2 ‘Auction ~ CCEAR 2031 ~ 30 5872476 |~=«2476
Slide 79: Sales to Final Customers Average Tariff Copel Distribuição
Sales to Final Customers Average Tariff Copel Distribuição
Slide 80: 7. Capital Market
7. Capital Market 7.1 Capital Stock Copel’s capital amounts to R$ 10,800.0 million. On December 31, 2020, the Company's capital was represented as follows:
Slide 81: Shareholder breakdown
‘Thousand shares ‘Shareholders Common %__ Preferred Preferred"@” _% TOTAL % State of Parané 35,029, 586 : = z : a5o29| at BNDESPAR 38,299 264 : 27,282 213 65581240 Eletrobras 4531 aa : 5 : : 4531 06 Free Floating 19,836 137 n 235 100,965 787 120878 a 19,720 36 a 235 77978 601 96875355 Nyse 116 oa :
Slide 82: 7.2 Stock Performance
7.2 Stock Performance
Slide 83: Share trading and performance in 2020
From January to December 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 2020, the market value of
Slide 84: Copel's share prices in 2020
The table below summarizes Copel’s share prices in 2020.
Slide 85: 7.3 Dividends and Interest on Own Capital
The new Company Bylaws, approved by the Extraordinary General Meeting held on March 11, 2021, establishes the split of shares in the ratio of 1 to 10, with the shares being traded ex-split as of March 12 2021. 7.3 Dividends and Interest on Own Capital The table below presents the payments of dividen
Slide 86: Earnings Release 4Q20
Earnings Release 4Q20
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 in 2020:
Slide 88: Earnings Release 4Q20
Earnings Release 4Q20
Slide 89: TPP Figueira concession extension
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
Wind Farms Copel has 24 wind farms in operation divided into the São Bento Energia, Copel Brisa Potiguar and Cutia Wind Complexes. In 2020, these wind farms generated 2,193.7 GWh of energy, as follows:
Slide 91: Quota system plant
In addition, Copel GeT operates one plant under the quota system, as shown below:
Slide 92: Interest in Generation Projects
Interest in Generation Projects Copel holds interests in seven power generation projects at the operational stage, with a total installed capacity of 884.8MW, out of which 604.9MW refer to Copel´s stake, as shown below:
Slide 93: 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 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: Earnings Release 4Q20
Earnings Release 4Q20
Slide 96: Earnings Release 4Q20
Earnings Release 4Q20
Slide 97: Transmission contracts
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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: Earnings Release 4Q20
Earnings Release 4Q20
Slide 100: Operating Data
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 Distribution 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: Losses
Losses With the losses below the percentage limits established by ANEEL, there was no disallowance regarding the values of losses contained in the CVA.
Slide 104: 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 105: Copel Telecomunicações Fiber Optic Network
Copel Telecomunicações Fiber Optic Network Map of the State of Paraná
Slide 106: 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 107: Equity interests by company sector
Company sector Doming Holdings Ltda Participation in society ‘Companhia Paranaense de Gis -Compagas Gas Parana Gis Explor eee il and natural gas Produgio SA Sercomtel $A. Telecom ‘elecommunications Carbocampel S.A. Coal mining Copel Amectda seus in liuidation Estago Osasco Desenvalimento Imobilrio A
Slide 108: 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 109: Studies for new hydro and wind projects
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 110: Earnings Release 4Q20
Earnings Release 4Q20
Slide 111: 9. Other Information: Human Resources
9. Other Information 9.1 Human Resources Copel’s workforce closed 4Q20 at 6,667 employees distributed. The table below shows employee number trends in the Company and its subsidiaries in the last four years:
Slide 112: Employees of subsidiaries and customers
Compagas, Elejor and UEG Araucária, companies in which Copel holds a majority interest, had 142, 7 and 17 employees, respectively. At the end of December 2020, Copel Distribuição had 4,835,852 customers, representing a consumer-to-employee ratio of 1,042.
Slide 113: 9.2 Main Operational Indicators
9.2 Main Operational Indicators
Slide 114: Operational indicators
Copel GeT In operation Hydroeletric* Quota System Hydrocletrie Wind Farms In operation Under construction Partnership In operation Hyérosletric Thermal Wine farms Copel Telecom Optical cables backbone/backhaul (km) Cities served in Parana State Number of customers Administration Total employees Cope
Slide 115: 9.3 Conference Call 4Q20 Results
9.3 Conference Call 4Q20 Results Information about 4Q20 Results Conference Call: > Thursday, March 18, 2021, at 12 a.m. UST > 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. Investor Relati
Slide 116: Exhibit I – Consolidated Cash Flow Statement
Exhibit I – Consolidated Cash Flow Statement
Slide 117: Consolidated Cash Flow Statement
‘RS'000 ‘Conealianted ark Flow oa Sy “Gath ow fom operational aves Net income forthe pei rom eontning operations Gaaam | sane Net Incr ls) forthe period trem aecontnued operons 778 | (208398), Net income forthe paid "3.900,730 2.062.869 ‘Aajctments to recone nt income forthe period with ech generate
Slide 118: Exhibit II – Income Statement – Copel GeT
Exhibit II – Financial Statements – Wholly Owned Subsidiaries Income Statement – Copel Geração e Transmissão (Consolidated)
Slide 119: Income Statement – Copel GeT table
R$'000 = aaa0 3a20 was vars 720 Ear Vara rm 2 8) (ws) “ fey 14/5) OPERATING REVENUES 4usse.ai9 | 4,192,967 | 1,100,235 507) 5029122) 4029,142 248 Electriltysales to final customers 359057 | asisse| 179,337 (113) 590,22) 700,287 (157) Electricitysales to distributors 002558) 747408 653,715 e71) 3.281
Slide 120: Income Statement – Copel Distribuição
Income Statement – Copel Distribuição
Slide 121: Income Statement – Copel Distribuição table
——— a a o o [ce 6) ws) ‘OPERATING REVENUES ssonass| 2705540 | 2ai5aes| 307| 11552885| soaoyao| 112 Elecrictysates to final customers 1355603 | 130,198 tans) (60), 5.16510 | Sissies) (05) Electictysales to distributors aan, 7502) man ama, ae7a7s | as6sa | S7d Use ofthe main distribution gi 0425 | 921
Slide 122: Income Statement – Copel Telecomunicações
Income Statement – Copel Telecomunicações
Slide 123: Copel Telecomunicações table
sass a ee vs 2) 8) 44/3) 44) 45) 4/5) NET OPERATING REVENUES oosr| susie | 102.099 (2) se66s4) ears 2) Revenues fom tlecommunieations soy) 944s) 101367 (1s) 38360) «16950 eo) Other operating revenues 17 ue ma sas) 20m) 4z28/ (a5) (OPERATING COSTS AND EXPENSES (a0sa0o)—(@7.765)/ (955335), aus) (3667)
Slide 124: Income Statement – Copel Comercialização
Income Statement – Copel Comercialização
Slide 125: Copel Comercialização table
$'000 aa ae aa20 3a20 was var 720 m9 Vara oy 2 re (us) “ fe ais) ‘OPERATING REVENUES es1se5| 706709 522,727 266) 2420657 | 1,810,901 337 Electricitysales to final customers wa79| 235622) 146698 736899540 | $36,283 oa Electricitysales to distibutors 406,778 -365,976 270,087 506 1374610 | 1,068,698 28
Slide 126: Exhibit III – Balance Sheet by Company
Exhibit III – Financial Statements by Company Balance Sheet by Company
Slide 127: Balance Sheet by Company - Assets Dec20
Sergio ‘costa Oeste SP, posts Dee20 DistitueSe Telecom —=—Gampagas = ejr—UEG Arata. CmersliarSo Wind Fars MarumblsPCand FOR. eta ita elding ‘timiations ———Camalidatad ‘eansmisio —. “connent 3 easaate weea| tem | esas0) ears oes asso oras ase ra 2ass078 asa] Tara Cash and ash equivalents 753301 6757
Slide 128: Earnings Release 4Q20
Earnings Release 4Q20
Slide 129: Balance Sheet by Company - Assets Dec19
RS'000 Geragaoe ues iaemaesigas Assets -Dec-19 Distribuigso Telecom Compagas—_Elejor Comercializago Wind Farms Marumbi SPC and Holding Elimination Consolidated — =e Uirapuru SPC ‘CURRENT 1428,907| 4,631,991] 528754] 313,896 60,079 80,788 229,630 5a4711 55,751 1,018,427 | _(1,000,738)| 7,909,196 Cash
Slide 130: Earnings Release 4Q20
Earnings Release 4Q20
Slide 131: Balance Sheet by Company - Liabilities
itnibalte owemate team comms etn nme Stems 40K on Taare | emena| sam | —waam| ssa | a | am | pe | anes | as] mas agian soo ase) stag | ta) | ne z A : ine : om Eee ans A : ee a a a : ‘Suppliers 282,700 | 28632,903 16,386 41,968 2.280 27,158 22,517. 22556 21489 26,828 8691 3188 (197,123) 2,291,307 ‘In
Slide 132: Earnings Release 4Q20
Earnings Release 4Q20
Slide 133: Balance Sheet by Company - Liabilities Dec19
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Slide 134: Income Statement by Company
Income Statement by Company
Slide 135: Income Statement by Company 4Q20
RS'000 Costa Oeste Income Statement 4020 Distibuigdo | Telecom | Compagas | tiejor | 4 UEC, | ME™29° wind Farms TCMGT™M) Holding | FDA | Bela Vista | Eliminations | Consolidated Generation Transmission ‘raucéria | Livre SPC and Uirapuru SPC 'NET OPERATING INCOME ‘se036s 369,88 3680354 100801 | 13988
Slide 136: Earnings Release 4Q20
Earnings Release 4Q20
Slide 137: Income Statement by Company 4Q19
Gerson eesfoe Transmit ax costa Oeste SPC, Income statement 4033 a. Distibuipdo Telecom = Compagas. leo font eto Windfarm Mani s?Cand Weltng Emini _Cnointed ‘Generation Transmission impure [NET OPERATING INCOME ‘sa7a7a| 626a04| 2407s) 21503! 102009 198,796 soa] 51818 sam 104202 3662 : (oe75en|_4arza
Slide 138: Earnings Release 4Q20
Earnings Release 4Q20
Slide 139: Income Statement by Company 2020
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Slide 140: Earnings Release 4Q20
Earnings Release 4Q20
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 March 17, 2021 COMPANHIA PARANAENSE DE ENERGIA – COPEL By: / S / Daniel Pimentel Slaviero Daniel Pi