Engie Brasil Energia S.a. · BMFBOVESPA:EGIE3
Engie Brasil Energia — Q3 2024 Earnings Presentation
42 slides from Engie Brasil Energia's earnings presentation, Nov 6, 2024
Slide 1: Results Presentation 3Q24
Gralha Azul Transmission System / PR Results Presentation 3Q24 November 5, 2024 Salto Santiago Hydropower Plant / PR ENGIE BRASIL ENERGIA S.A. Assú V Photovoltaic Complex / RN
Slide 2: Disclaimer
Results Presentation 3Q24 Disclaimer This publication may include forward-looking statements on events or results The information and opinions contained herein should not be understood as a pursuant to Brazilian and international securities’ regulations. These forward- recommendation to potential in
Slide 3: Contents
Results Presentation 3Q24 São Salvador Hydropower Plant / TO Contents 1 Highlights and ESG KPIs 2 Operating Highlights 3 Energy Sales 4 Expansion 5 Financial Performance 6 Supporting Data ENGIE Brasil Energia S.A. 3
Slide 4: Highlights and ESG KPIs
Highlights and ESG KPIs Trairi Wind Complex / CE ENGIE Brasil Energia S.A. 4
Slide 5: Highlights
Results Presentation 3Q24 Highlights Serra do Assuruá Wind Complex / BA The Company During the 3Q24, 50 On October 24th, the first successfully bid for wind turbines at the plant of the Assú Sol Block 1 in the Aneel Serra do Assuruá Wind Photovoltaic Complex, with Transmission Auction Complex (BA) b
Slide 6: Highlights
Results Presentation 3Q24 Highlights The 12th issuance of Awards: debentures worth R$ 2.0 o Anefac Transparency billion was completed, to Trophy (14th time): reimburse amounts spent which recognizes the on the implementation of best quality and energy generation transparency projects, as well as pra
Slide 7: Highlights
Results Presentation 3Q24 Highlights Adjusted Ebitda1 (R$ million) Adjusted Net Income (R$ million) 6,780 3,213 1,707 1,654 -5.8% 5,480 1,348 2,482 899 -3.5% 867 -11.5% 658 -28.2% 1,768 1,665 5,629 5,432 2,615 928 2,314 666 (61) (11) (149) (61) (8) (133) 3Q23 3Q24 9M23 9M24 3Q23 3Q24 9M23 9M24 Adjus
Slide 8: ESG KPIs
Results Presentation 3Q24 ESG KPIs HEALTH AND SAFETY – FREQUENCY RATE (OWN % OF WOMEN IN THE WORKFORCE AND EMISSIONS INTENSITY (tCO2e/MWh) EMPLOYEES + SERVICE PROVIDERS)* LEADERSHIP POSITIONS 0.0136 31.4 1.06 30.5 28.8 26.6 0.66 0.0051 0.0036 0.21 0.22 0.0012 3Q23 3Q24 9M23 9M24 3Q23 / 9M23 3Q24 / 9
Slide 9: Operating Highlights
Operating Highlights Umburanas Wind Complex/ BA ENGIE Brasil Energia S.A. 9
Slide 10: Highlights
Results Presentation 3Q24 Highlights Gross Power Generation (avg MW) +13.2% Generation by Complementary Source (avg MW) +40.5% 6,338 6,194 +43.1% 60 151 6 43 121 13 5,597 1,207 51 989 703 88 9 118 +20.1% 696 33 60 6 4,408 843 880 210 53 51 81 53 19 733 41 88 43 607 9 53 13 53 19 107 778 5,314 696 5,
Slide 11: Curtailment
Results Presentation 3Q24 Curtailment Constrained-off, also known as Curtailment, refers to the request for restriction of generation in wind and photovoltaic plants, by the National Electric System Operator (ONS). Wind (%) Solar (%) Total curtailment % (wind + solar) 12% 22% 14% 11% 13% 19% 16% 8%
Slide 12: Curtailment per Asset
Results Presentation 3Q24 Curtailment per Asset Wind Solar Commercial Commercial Assets 3Q24 9M24 Assets2 3Q24 9M24 capacity (avg. MW) capacity (avg. MW) Trairi (CE) 97.2 17% 12% Sol do Futuro (CE) 16.2 17% 13% Santo Agostinho (RN) 224.2 30% 23% Floresta (RN) 25.1 50% 35% Serra do Assuruá (BA) 113.5
Slide 13: Energy Sales
Energy Sales Gralha Azul Transmission System / PR ENGIE Brasil Energia S.A. 13
Slide 14: Energy Commercial Strategy
Results Presentation 3Q24 Energy Commercial Strategy Gradual sale of future availability, with reserve for protection against hydrological risk Energy Balance (% of total; in aMW) | as of September 30, 2024 Uncontracted energy compared to the availability of a given period 5,379 5,338 5,314 5,211 5,
Slide 15: Energy Commercial Strategy
Results Presentation 3Q24 Energy Commercial Strategy Evolution of free customers¹ 2,388 2,329 2,159 2,082 1,989 3,712 40% (+26.8% compared to 3Q23) Participation of Free Clients 1,749 out of total physical sales in Consumer Units served in 3Q242 3Q24 1,408 877 982 1,128 7.5% 12.4 thousand tCO2 (-1.1
Slide 16: Expansion
Expansion Santo Agostinho Wind Complex / RN ENGIE Brasil Energia S.A. 16
Slide 17: Wind Project Under Implementation
Results Presentation 3Q24 BA Wind Project Under Implementation Serra do Assuruá Wind Complex One of the ENGIE Group’s largest wind projects to be Gentio do Ouro (BA) implemented in a Total Start of single phase. Installed construction: Capacity: 2023 Wind turbines assembly ~846 MW Wind turbines comm
Slide 18: Photovoltaic Project Under Implementation
Results Presentation 3Q24 RN Photovoltaic Project Under Implementation Assú Sol Photovoltaic Complex Energy to be entirely delivered to the Free Assú (RN) Market. Total Start of Installed construction: Modules assembly Capacity: 3Q23 ~752 MWac (~895 MWp) Commercial Operation: Capacity: Gradual Const
Slide 19: Transmission Project Under Implementation
Results Presentation 3Q24 Transmission Project Under Implementation PA BA Asa Branca Transmissora de Energia MG ES BA Strategic location for seamless flow of renewable energy from Northeast to the Southeast and Midwest MG Contracted Concession RAP1: period: regions. R$ 268.4 30 years ES million Morr
Slide 20: Transmission Project Under Implementation
Results Presentation 3Q24 PA Transmission Project Under Implementation Graúna Transmissora de Energia (Block 1 – Aneel Transmission Auction 02/2024) Operational synergies BA Contracted Concession RAP: period : with assets located in R$ 252.2 30 years Paraná, Santa Catarina, million Minas Gerais and
Slide 21: Jirau HPP update
Results Presentation 3Q24 Expansion Jirau HPP | update aMW MW 3,750 50 75 2,102 Generating MW each Physical Installed Units Guarantee1 Capacity Production (average MW)2 PPA’s Portfolio (average MW) Shareholding Structure3 -35.9% 2,102 2,102 2,102 2,102 2,102 14 97 40% 605 97 97 97 97 40% 538 404 426
Slide 22: Expansion
Results Presentation 3Q24 1 Expansion B 2 6 4 5 3 A Projects under construction Projects under development C D Generation Santo Agostinho Wind Installed 1 Complex (Phase II) – RN capacity: 279 MW A Serra do Assuruá Installed capacity: 846.0 MW D Wind Complex – BA Commercial capacity: 410.2 aMW Santo
Slide 23: Financial Performance
Financial Performance Estreito Hydropower Plant / TO/MA ENGIE Brasil Energia S.A. 23
Slide 24: Solid Financial Performance From 2016 – 2023
Results Presentation 3Q24 From 2016 – 20233 Solid Financial Performance Investments: amounted to R$ 28.5 billion, with 84% leverage Good portfolio management and diversification into other regulated segments, such as transmission, natural gas transportation and energy Proprietary installed capacity:
Slide 25: Net Operating Revenue Change
Results Presentation 3Q24 Net Operating Revenue Change NET OPERATING REVENUE (R$ MILLION) +0.9% 7 11 (11) (36) 52 2,537 2,514 239 291 10% 11% 114 78 5% 3% 2,161 2,168 86% 85% NOR 3Q23 Financial Price and CCEE Trading Transmission NOR 3Q24 asset sales volume remuneration and others Generation and por
Slide 26: Result of Equity Income
Results Presentation 3Q24 Result of Equity Income Contribution of the Result from Transportadora Associada de Gás (TAG) to the EBITDA of the Company TAG INCOME STATMENT (R$ MILLION) Stake of 17.5% in 2,209 (425) TAG, resulting in the contribution of R$ 182 (46) million via equity (475) income to the
Slide 27: Ebitda Change
Results Presentation 3Q24 Ebitda Change EBITDA (R$ MILLION) -3.1% -5.8% -7.2% 20 11 (15) (15) 61 1,768 69 (54) (39) 1,719 (1) (138) 1,707 (10) 69 1,665 (1) (49) 1,654 204 (10) 204 165 1,596 56 13 (11) 12% 220 220 164 (13%) 320 320 320 182 181 182 19% (11%) 1,183 1,253 69% 1,244 1,234 1,250 1,263 (76
Slide 28: Net Income Change
Results Presentation 3Q24 Net Income Change NET INCOME (R$ MILLION) -24.1% -28.2% 61 928 (103) 867 (40) (161) 42 666 (8) 658 Net Non- Adjusted Adjusted Depreciation Financial Income Adjusted Non- Net income recurring net income Ebitda and result Taxes net income recurring income 3Q23 3Q23 amortizati
Slide 29: Balanced Debt
Results Presentation 3Q24 Balanced Debt With no currency exposure DEBT OVERVIEW (R$ MILLION) 23,528 4,049 Debt control, active 20,587 20,905 management of debt 18,150 384 19,095 costs and successful 3.3x Total Debt / Ebitda3 investment 2.9x 2.9x decisions ensure low 2.7x (R$ million) 2.6x levels of
Slide 30: Debt Profile and Composition
Results Presentation 3Q24 Debt Profile and Composition Competitive costs and defensive indexes BREAKDOWN OF DEBT MATURITY DEBT SCHEDULE (R$ MILLION) 6,025 AAA rating and robust cash generation translate into 75% IPCA competitive costs of 3,502 debt for financing growth. 2,381 2,407 21% 2,291 CDI 1,9
Slide 31: CAPEX
Results Presentation 3Q24 CAPEX ALLOCATED/EXPECTED CAPEX AND CORRESPONDING FINANCING RESOURCES (R$ MILLION) 9,951 The expansion plan and 7,217 6,941 7,270 maintenance CAPEX 6,427 are supported by a strong cash flow generation and prudent 2,854 funding strategy. 4,013 3,771 3,407 3,150 814 2,097 3,64
Slide 32: Dividend Policy
Results Presentation 3Q24 Dividend Policy DIVIDENDS (BASED ON DISTRIBUTABLE NET INCOME) • By-law minimum % payout: 30% of distributable net income 3.32 • Management 2.45 2.79 2.47 2.50 Commitment: minimum 8.6% 9.2% 8.1% 2.34 6.1% 5.7% 6.2% 5.6% payout of 55% of 3.5% 3.7% 3.5% 2.7% distributable net
Slide 33: Supporting Data
Supporting Data Assú V Photovoltaic Complex / RN ENGIE Brasil Energia S.A. 33
Slide 34: Key Performance Indicators
Results Presentation 3Q24 Key Performance Indicators Consolidated (in R$ million) 3Q24 3Q23 Chg. 9M24 9M23 Chg. Net Operating Revenue (NOR) 2,537 2,514 0.9% 7,948 8,037 -1.1% Results from Operations (EBIT) 1,382 1,475 -6.3% 5,997 4,790 25.2% 1 Ebitda 1,654 1,707 -3.1% 6,780 5,480 23.7% Adjusted Ebit
Slide 35: Diversified Portfolio of Assets as of September 30, 2024
Results Presentation 3Q24 Diversified Portfolio of Assets as of September 30, 2024 Installed Commercial Complementary Plants Capacity (MW) Capacity (aMW) 12 Serra do Assuruá Complex (Wind) 225.0 113.5 Own installed capacity of 35 17 13 Santo Agostinho I Complex (Wind) 434.0 224.2 23 energy generatio
Slide 36: Energy Balance as of September 30, 2024
Results Presentation 3Q24 Energy Balance as of September 30, 2024 Diversified contracting with duration of about 14 years in ACR and 4 years in ACL1 (in average MW) 2024 2025 2026 2027 2028 2029 Own Resources 4,302 4,778 4,877 4,877 4,877 4,877 Auction Reference Gross Price Net Price of + Purchases
Slide 37: Transportadora Associada de Gás – TAG
Results Presentation 3Q24 Transportadora Associada de Gás – TAG Contracts with Petrobras Protagonism for the liberalization of the gas market: weighted average term of approximately 6 years access of important players to the transport network 128 firm contracts signed in 2024 (41 active), Contracted
Slide 38: Transportadora Associada de Gás – TAG
Results Presentation 3Q24 Transportadora Associada de Gás – TAG Financing structure with competitive cost and protected from exchange variation Rating AAA and International BB+ and Ba1 by Fitch Ratings and Moody’s, respectively. Debt Profile (R$) – TAG as of September 30, 2024 9.2 billion 11.5 billi
Slide 39: Headcount
Results Presentation 3Q24 Headcount1 Number of Employees By gender 763 1,211 1,116 22% 37% 32% 37% 448 Administrative 48% Operations 78% Female 63% 63% 68% Male 52% Administrative Operations 3Q23 3Q24 By age group By academic qualifications 3% 1% 4% 17% 23% Less than 25 33% 36% Post-Graduate 25 to 3
Slide 40: Sustainability KPIs
Results Presentation 3Q24 Sustainability KPIs1 Unit of Performance Performance Performance Performance Aspect Theme Change Change measurement 3Q24 3Q23 9M24 9M23 Emissions intensity by energy generation tonCO 2e/MWh 0.0012 0.0051 -76.3% 0.0036 0.0136 -73.4% Emissions intensity by revenue tCO 2e/mill
Slide 41: Contacts
Results Presentation 3Q24 Contacts Investor Relations Team Rafael Bósio Investor Relations Manager Eduardo SATTAMINI rafael.bosio@engie.com Chief Executive Officer (48) 9 9911-0106 Adriana Wagner Caio Miralles Investor Relations Analyst Sustainability Analyst Eduardo TAKAMORI adriana.wagner@engie.co
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