Companhia Paranaense De Energia · BMFBOVESPA:CPLE3
Companhia Paranaense De Energia — Energy Co of Parana — Q3 2021 Earnings Presentation
78 slides from Companhia Paranaense De Energia's earnings presentation, Nov 12, 2021
Slide 1: Earnings Release 3Q21
Earnings Release 3Q21 Copel reports EBITDA of RS4.5 billion in 3Q21 3Q21 Results > Adjusted EBITDA of RS$1.3 billion (+3.8% vs. 3Q20) > Net income of R$2.9 billion in 321 (+319% vs. 3020) Conference Call > Completion of Telecom's divestment (RS$1.7 billion in EBITDA) Oe ay LA > Hydrological Risk Ren
Slide 2: Orders relating to the CVU are available
Orders relating to the CVU are available at <ri.copel.com/en/subsidiaries/copel-geracao-e-transmissao-s-a/> Earnings Release 3Q21
Slide 3: Net operating revenue first nine months 2021
Considering the first nine months of 2021, net operating revenue reached R$17,390.6, an amount 34.0% higher than the R$12,978.1 million recorded in the same period of 2020, mainly due to (i) the increase of 84.2 % in “electricity sales to distributors”, mainly due to the sale of the 1,835 GWh of ene
Slide 4: Electricity sales to distributors breakdown
R$'000 Gly teliesdicbacds 3a2t zat 3020 var ——«OMaI ‘M20 Var.% w @ 2) 0/3) “@) (3) (4/5) CCEAR (ution) 7aasii3] 782,734] 742208] sa7|_2,773986| 2215484] 252 Itaipu Binacional 440,650 | 441,094 471,355, (65)| 1,329,657 | 1,316,495 | 10 CEE 3,120,529 342,232) 136,002) 7239|1,574299 | 460,342) 2420 Se
Slide 5: PMSO expenses
PMSO expenses, excluding provisions and reversals and disregarding the effect of the renegotiation of the hydrological risk (non-recurring event), increased by 1.9% compared to the same period of the previous year, mainly due to the increase of 12.3% in expenses with personnel and management and the
Slide 6: Personnel and management costs
Specifically on "personnel and management" costs, the 12.3% increase is related to (i) the higher profit sharing record ("PLR"), which includes in the calculation basis the effect of the GSF reconciliation on the profit, but excludes the result of the sale of Copel Telecom, and (ii) the increase in
Slide 7: Natural gas and doubtful accounts increase
Also noteworthy was the 71.6% increase in the "natural gas and supplies for the gas business" line, because of the higher volume of gas sold by Compagas, and the increase in the allowance for doubtful accounts (R$ 48, 4 million in 3Q21 against R$20.1 million in 3Q20), mainly due to the higher price
Slide 8: Operating costs and expenses year to September
In the year to September, total operating costs and expenses reached R$12,857.7 million, 30.5% higher than the R$9,848.9 million recorded in the same period in 2020, mainly due to (i) of the 58.4% growth in expenses with “electricity purchased for resale”, mainly due to the purchase of energy to mee
Slide 9: 2.4 EBITDA
2.4 EBITDA Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), excluding non-recurring items, reached R$1,286.7 million in 3Q21, 3.8% higher than the R$1,240.1 million recorded in 3Q20. This growth is mainly due to (i) the 144.6% increase in “electricity sales to distri
Slide 10: Adjusted EBITDA first nine months
In the first nine months of the year, adjusted EBITDA reached R$4,097.3 million, 16.6% up on the R$3,514.4 million recorded in the same period in 2020, mainly explained by (i) the 84.2% increase in “electricity sales to distributors”, due to the sale of 1,835 GWh of energy produced by UTE Araucária
Slide 11: Financial results
Ears Ears Ey Var Mar eae 2 2 mn 13) mn 3) Finance Revenues Binass 23538 _—~—«270502 Gay) 765704565520 Income and monetary varation on CRCwansfer 32sn]—ossaq) 9059 on] 258777] 237.883) 3 Income from investments held fr trading s3ou)amazd) 7745, 2ot) 8540, 83.837 a “Monetary restatement on indernlfabe
Slide 12: Consolidated income statement
ues soar zat 3030 var% Mar ‘Mao Var 36 w 2) 2) 4/3) @ ©) o/s) (OPERATING REVENUES 6o77763| Saxon —~=~«STOSD=~SCSCLD.|~=~«7 BOSSE «12978001 340 Electricity sales to final customers geome 4702021877819 93 5aseis 4.888.007 92 Electricity sales to distributors 449sg982 1,206,772 soogio as «4318000 a4 34
Slide 13: Balance sheet - assets
ions Sep-21 Dec-20 Sep-20 Var-% Var.% (y (2) (3) (2/2) (1/3) “CURRENT 12,014,431. 11,407,430 10,097,721 53 190 Cash and cash equivalents 4,853,273 3,222,768 3,599,422 506 348 Bonds and securities 1,529 1,465 1,460 44 47 Collaterals and escrow accounts 198 197 136 os 436 Customers 4,439,621 3,768,242
Slide 14: Loans, financing and debentures maturities
Loans, financing and debentures maturities are presented below:
Slide 15: 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 16: Net debt by subsidiary
EBITDA 12 months. Does not consider discontinued operations. Excludes equity income. Current: Cash and cash equivalents, marketable securities, collaterals and escrow accounts. Non-current: Securities, other temporary investments, collaterals and escrow accounts. Debt: Loans, financing and debenture
Slide 17: Gross and net debt of subsidiaries
RS'000 GeT DIS Holding Other Total Total debt 4,086,116 3,779,868 1,292,296 1,300,752 10,459,032 Availability 287,184 945,237 2,621,590 1,334,644 5,188,655 Net debt 3,798,932 2,834,631 (1,329,294) (33,892) 5,270,377 Average Cost 6.11% 6.74% 8.24% 7.10% 6.39% Duration (years) 28 28 1.0 3.9 3.0
Slide 18: Lawsuits classified as possible losses
5,438.4 5,210.2 3,265.7 1,355.4 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 June, 2021, totaled R$ million, 4.4% higher than that registered in December, 2020 (R$ milli
Slide 19: Balance sheet - liabilities
ididse Sep-21 Dec-20 Sep-20 Var% Var%6 cy) @ (3) (42) (4/3) CURRENT 9,823,631 9,654,392 7,224,949 18 36.0 Payroll, social charges and accruals 468,552 684,046 434,696 (31.5) 78 Suppliers 2,844,672 2,291,307 1,451,647 24.2 96.0 Income tax and social contribution payable 572,661 681,831 802,935, (16.0
Slide 20: Copel GeT results drivers
This result is mainly due to higher costs with (i) electricity purchased for resale (R$592.4 million in 3Q21 against R$49.5 million in 3Q20), as a result of the need to purchase energy to meet the contracts given the higher hydrological deficit in the period (average GSF of 51.1% in 3Q21 vs 66.0% in
Slide 21: Personnel and management excluding provisions
Excluding the provisions for Performance Incentive Program – “PPD” and Profit Sharing Program – “PLR”, the personnel and management account decreased by 2.2% in relation to the values registered in 3Q20. In real terms, the reduction of the item would reach 11.7% (R$9.8 million), considering the accu
Slide 22: Copel GeT nine-month results
In the first nine months of 2021, Copel GeT recorded operating income of R$5,452.1 million, an increase of 61.7% compared to the same period of the previous year, while operating costs and expenses decreased by 2.8 %, totaling R$1,870.6 million in the period. Net income reached R2,564.5 million and
Slide 23: Copel Distribuição results
mane, 3021 2021 3020 Var.% gM2i 9M20 Var.% a 2) 8) (1/3) (4) (5) (4/5) Net Operating Revenue (R$ million) 43758 | 3,3365| 2,785.5 57.1) 10,7868 7,872.5 37.0 Operating Costs and Expenses (R$ million) (4,026.0), (3,059.2)) (2,543.5) 58.3 (9,918.0) (6,300.9) 574 Operating Income (R$ million) 332.1 356.
Slide 24: Manageable costs
Manageable costs, excluding provisions and reversals, decreased by 4.9% compared to 3Q20, mainly due to the sale of the former Copel headquarters building (approximately R$27.9 million), recorded as a cost reversal under "other operating costs and expenses" line, and the reduction in leasing and ren
Slide 25: Personnel and management excluding provisions
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 decreased by 7.3% compared to the values recorded in 3Q20, a result, especially, the reduction of 45
Slide 26: Also highlighted
Also highlighted are: (i) the recording of R$885.1 million in the result of sectorial financial assets and liabilities, against R$242.3 million in the previous period, due to the significant increases in the CVA components related to the purchase of energy from Itaipu, system services charges - ESS
Slide 27: Copel Mercado Livre adjusted EBITDA
Excluding the extraordinary effects, adjusted EBITDA in 3Q21 was R$28.3 million, against R$3.7 million in 3Q20.
Slide 28: Copel Mercado Livre nine-month results
In the first nine months of 2021, Copel Mercado Livre recorded an operating revenue of R$3,285.0 million, an increase of 86.7% compared to the same period of the previous year, while operating costs and expenses increased by 99.5 %, totaling R$3,214.8 million in the period. Net income reached R$52.9
Slide 29: Accounting information on interests
R$'000 Parent Company (Consolidated) Associates (Equity in erarning) sep/21 Compagas Hejor UEGA Dona Francisca For do Chopim Total Assets 811,396 812,023 1,008,846 121,688 55,479 Shareholders! Equity 510,740 (36,049) 603,920 109,667 51,800 Net Oper. Revenues 562,747 128,956 1,494,686 50,596 40,840 N
Slide 30: 5. Investment
5. Investment In March 2021, the Board of Directors approved the Company's Investment Policy. Said Policy was the object of analysis and approval by the Investment and Innovation Committee, which was established by the new Bylaws of March 11, 2021, whose main purpose is to improve discipline in the
Slide 31: Investments by subsidiary
RS million Carried Carried Scheduled Subsidiary / SPC’ 3Q21 om21 2021 Copel Geragio e Transmissao 114.5 288.9 622.8 TL Curitiba Leste-Blumenau 0.0 28.0 22.0 TL Ibipord-Londrina (Contract 060/2001) 144 46.9 18.4 SHP Bela Vista 124 34.2 16.0 Jandaira Wind Complex 43.8 70.3 270.2 Modernization TPP Figu
Slide 32: Grid market performance
The result observed is due to: (i) the good performance of industrial production in Paraná, which grew by 8.2% in July and 8.7% in August 2021 compared to the previous year, above the national average in the year (which is 15.1% in the state, against 9.2% in Brazil), with emphasis on the food, cellu
Slide 33: Energy Sold (GWh)
Energy Sold (GWh) 3Q21 3Q19 Var. % 9M21 9M19 Var. % Captive Market 4,596 4,667 (15) 14,420 14,748 (2.2) Concessionaries and Licensees * 236 215 10.0 699 629 «11.2 Free Customers ? 2,896 2,460 177 8,600 7,288 18.0 Grid Market 7,729 7,342 5.3 23,719 22,665 47 “Total grid supply in the captive market (
Slide 34: Energy sales to final customers
More information in the Notices to the Market – 43/21 6.3 Energy Sales to Final Customers Energy Sales to Final Customers, which represent the volume of energy sold to final consumers and comprises Copel Distribuição’s sales in the captive market and Copel Geração e Transmissão’s and Copel Mercado L
Slide 35: 6.4 Total Energy Sold
6.4 Total Energy Sold Total energy sold by Copel, composed of sales in all markets by Copel Distribuição, Copel Geração e Transmissão, Wind Farms, and Copel Mercado Livre totaled 16,988 GWh in 3Q21, an increase of 21.8%. The following table shows Copel’s total energy sales, broken down by Copel Dist
Slide 36: TPP Araucária
TPP Araucária Additionally, TPP Araucária has had a relevant dispatch in 2021, as a result of the 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 plant in the same period in 2020
Slide 37: Energy Flow - Copel Dis
Energy Flow - Copel Dis 3azi_ 3020 Var% = 9M21 = M20 Var. 1% ttaipu 1370 | 1382 | (09) 4065 | 4an6 CCEAR — Group Companies i, 38 | - a | a3 CCEAR — Other [- 3a12 [2,900 | 73| 9071 | 8641 Assigments - Mechanism for Compensation of Surpluses and Deficits (MCSD) EN? 30 197 (84.8) 148 588 CEE (MCP) P :
Slide 38: Energy Flow - Copel GeT
Energy Flow - Copel GeT 3021 3020 Var.% 9om2i 9mz0 Var. % Own Generation (net of losses) 4,287 4,257 07 11,290 7,426 52.0 Dona Francisca 34 36 (5.6) 101 106 (4.7) Copel Comercializa¢3o 1194 288 314.6 2,399 288 733.0 Other 25 - - 25 - - MRE Receipt 46 168 (72.6) 824 5,083 (83.8) Total Available Power
Slide 39: Energy Flow – Copel Mercado Livre
Energy Flow – Copel Mercado Livre
Slide 40: Energy Flow - Copel Com
GWh Energy Flow - Copel Com 3021 3020 Var.% = 9M21 9M20—Var.% Copel GeT 3,381 2,065 63.7 9,729 5,348 819 Other? 2,953 1439} 105.2 7441 3,651| 1038 CCE (MCP) - 55} (100.0) - 97, (100.0) Total Available Power 6,334 3,559 78.0 17,170 9,096 888 Free Customers 2,112 1,201 75.9 6,081 3,351 815 Bilateral A
Slide 41: Captive Market energy flow
Captive Market 4,596 _31.8% Electricity salesto distributor CCEE” 37_ 03% ‘Assignment MCSD EN* 323 2.2% Purchased energy 9413 coEaR: traipu: ‘Supplied Energy 5,892 40.7% Dona Francisca: Bilateral Agreements: 3,120 CCCEE (MCP): CCEAR: 858 Angra: ce 231 car: CCEE(MCP): 327 MRE: MRE: 1,356 Losses and D
Slide 42: Power Purchase Average Tariff – Copel Distribuição
Power Purchase Average Tariff – Copel Distribuição
Slide 43: Sales to Final Customers Average Tariff
Sales to Final Customers Average Tariff Copel Distribuição
Slide 44: Average tariff by consumer class
ba Bestel _ set/21 jun/2a set/20 Var. % Var. % (a) (2) (3) (2/2) (2/3) Industrial 540.30 496.67 483.66, 88 117 Residential 531.04 485.60 498.79 94 6S Commercial 631.15, 576.93 570.85 94 106 Rural 570.38 493.41 492.88 15.6 15.7 Other 394.77 353.98 350.29 115 12.7 Retail supply average tariff (RS/MWh)
Slide 45: Shareholders by share class
‘Thousand shares: Thousand shares Shareholders ‘Common % Preferred % — Preferred"B" —% TOTAL % UNIT % State of Parané 734316 69.7% : : 115,970 6.9% 850,286 31.1% 28,992 11.9% BNDESPAR 131162 12.4% : : s24oa 3.2% 655,808 24.0% 131,162 53.7% Eletrobras 15,208 1.5% - : 15308 0.5% Free Floating 169,085
Slide 46: Ownership charts
Common 69.7% 16.1% = state of Parand = BNDESPAR Eletrobras, Free Floating 12.4% TOTAL (Common + Preferred) ae” 341% w State of Parand = BNDESPAR = Eletrobras «Free Flosting 05% 24.0% Preferred 31.2% 6.9% sm State of Parand = BNDESPAR a Free Floating 6L7% UNIT 11.9% ‘ian = State of Parand = BNDESPAR
Slide 47: Outstanding shares and market value
Outstanding shares totaled 68.93% of the Company's capital. At the end of September 2021, Copel's market value was R$19,390.1 million. On B3, common registered common shares ON (CPLE3) were present in 100% of the trading sessions, closing the period quoted at R$6.66 with a negative variation of 4.9%
Slide 48: Share split and UNITs program
(*) Trading session from 04/26/2021 (**) UNIT - Trading session from 04/28/2021 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. On March 1
Slide 49: Dividends and interest on capital
Thousands of RS RS per Share Tenant ian ecultas: Appeeniion = Radon " ° = (gross) Common Preferred"AY Preferred "3" UNIT Total m16 506,213 176466 2.89050 —_—a.9434a 10c 2016 04/28/17 06/30/17 (282,947 0.98539, 2.89050, 1.08410 Dividends 2016 04/28/17, 12/28/2017, (223,265 0.77927 - 0.85932 Total 201
Slide 50: Hydroelectric power plants
cs Ws: installed Assured Power Generation Concession Capacity (MW) (Average MW) __(GWh)* Expires Hydroelectric Power Plants 4,976.8 22277 1,336.6 - HPP Gov. Bento Munhoz da Rocha Netto (Foz do Areia) 1,676.0 603.3 2,996.7 21.12.2024 HPP Gov. Ney Aminthas de Barros Braga (Segredo}" 1,260.0 5785 3,356
Slide 51: Wind farms
hee wana Installed Assured Power Generation Expiration of Capacity (MW) (Average MW) ——(GWh) Authorization So Bento Energia, Invest. e Part. SA. 94.0 46.3 290.5 254.07 GE Boa Vista SA. 140 63 360 26063 04.28.2046 GE Farol SA. 2nd LFA 200 10.1 612 253.04 04.20.2046 GE Olho D’Agua S.A. (08.26.2010) 30
Slide 52: 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 53: Under Construction - SHP Bela Vista
Under Construction SHP Bela Vista With an estimated investment of R$224.0 million, the SHP Bela Vista project has 29.81 MW of installed capacity and physical guarantee of 18.4 MW average, built on the Chopim River, in the municipalities of São João and Verê, located in the southwest of the state of
Slide 54: Transmission concessions
—— eee conceson ‘Subsidiary / SPC Contract Enterprise Extension (km) per wn APR (R$ million) Expiration Copel GeT (060/201? Several 2,072 34 12,352 438.4 01.01.2043 Copel GeT 075/2001° ‘TL Bateias - Jaguariaiva 137 - - 159 08.17.2031, Copel GeT 06/2008 ‘TL Bateias - Pilarzinho 32 - - 12 03.17.2038 C
Slide 55: Economic and financial efficiency criteria
The economic and financial efficiency criteria will be measure, each calendar year, according to Normative Regulation ANEEL Nº 896/2020, for the following inequalities:
Slide 56: Operating Data
Operating Data In the distribution business, Copel serves 4.9 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 at 13.8 kV, 34.5 kV, 69 kV and 138 kV volt
Slide 57: Compact Grid
Compact Grid Copel Distribuição has been implementing compact grid in urban areas with a high degree of afforestation in the vicinity of distribution grid. This technology prevents tree cutting and pruning and improves the quality of supply, as it reduces the number of shutdowns. At the end of Septe
Slide 58: DEC and FEC
DEC" FEC? Jan-Sep pe essen Total time service (hours) 2017 7.33 499 2:39 2018 6.96 4.25 3:28 2019 6.73 4.40 3:14 2020 5.39 3.98 3:19 2021 5.06 3.51 257 ¥ DEC measuredin hours and hundredths of an hour > FEC expressed in number of interruptions and hundredths of a number of interruptions year to date
Slide 59: Distribution losses
With losses below the percentage limits established by aneel, there was no disallowance of the loss values contained in the CVA. Earnings Release 3Q21
Slide 60: 8.5 Equity Interests
8.5 Equity Interests Other Sectors Copel holds interests in companies in the gas and service sectors, as shown below:
Slide 61: Company Sector Partners
Company Sector Partners Companhia Paranaense de Gas - Compagas Gas Carbocampel S.A. Coal mining Estacdo Osasco Desenvolvimento Imobilidrio S.A. Multimarket Investment Fund COPEL-51.0% Mitsui Gas - 24.5% Gaspetro - 24.5% COPEL- 49.0% Carbonifera Cambui - 51.0% UEG- 19.3% Others - 80.7% * New corporat
Slide 62: Projects under Acquisition
Projects under Acquisition On May 17, 2021, Copel signed a contract with the Voltália group for the acquisition of 100% of the Vilas Wind Farm, a project located in Serra do Mel - RN, with 186.7 MW of installed capacity, capacity factor of 56.9% and certified energy (P50) of 106.3 average MW. Part o
Slide 63: Free Market energy sales
In the Free Market (ACL), by 2030, around 51% of the certified energy (P50) is already sold, with around 13% of the energy available for new contracts remaining. Earnings Release 3Q21
Slide 64: Project Estimated Installed Capacity (MW)
Project Estimated Installed Capacity (MW) HPP Apertados 139.0 HPP Comissario. 140.0 HPP Foz do Piquiri 93.2 HPP Ercilandia 87.1 Total 459.3
Slide 65: Employees and customers
Compagas, Elejor and UEG Araucária, companies in which Copel holds a majority interest, had 142, 7 and 18 employees, respectively. At the end of September 2021, Copel Distribuição had 4, 902,991 customers, representing a consumer-to-employee ratio of 1,008.9.2 Main Operational Indicators
Slide 66: Main Operational Indicators
Generation an Copel Get In operation 54814 Hydroeletric* 19 49769 Hydroeletric on Quota System a 1820 Thermal # 200 Wind power i 25 Wind Farms In operation 24 5905 Under construction 10 90.1 Partnership In operation 657.8 Hydroeletric 6 27 Thermal 1 3931 Wind farms 4 529 Copel Distribuition Distribu
Slide 67: Consolidated Cash Flow
Consolidated Cath Flow oman ‘20 ‘CASH FLOWS FROM OPERATIONAL ACTIVIMES T Net income from continuing operations 3aszars) 2.748901 Netincome (loss rom discontinued operations 3,309,557 20.402 Netincome I 4,652,430 2,786,303 “Adjustments to reconcile net income for the period with cash (aeaase | 2oanae
Slide 68: Copel GeT income statement
z 7 Verse a ona) Vane parc Sacre ns im ir (WA) @ “s) (a5) OPERATING REVENUES 2,176,645 1,709,641 1,192,967 825 5,452,080 3,370,804 61.7 Electricity sales to final customers 58,016 43,846 151,558 (61.7) 183,272 431,065, (64.4) Electricity sales to distributors 1,708,788 1,200,162 747,484 128.6 4,125,
Slide 69: Copel Distribuição income statement
Income Statement “— = = hom wine 4 2 (3 (5) (5) OPERATING REVENUES 4,375,782 3,386,461 2,785,540 a3) 7,872,542 370 Eteciy sls to final customers aarassa/am6im|sasiase| asa 390n7e1| 3eioam7| 26 Electricity sales to distributors 382,520 143,216 75,022 4oag| 560,427) 185,102 2028 Use of the main distri
Slide 70: Copel Mercado Livre income statement
Eo Eon 3020 Var% Mz oN var = w ey a (3) @ (3) (a/5) OPERATING REVENUES 1,403,073 987,405 706,749 98.5 3,284,977 1,759,112 86.7 Electricity sales to final customers 450,860 422,592 235,632 913 1,273,723 644,821 97.5 Electricity sales to distributors 970,038 ‘545,889 365,976 165.1 2,008,701. 967,832 1
Slide 71: Assets by subsidiary
a “Transmissoras Costa ‘Avo -Set/2t ane Distibuieso ——Compagss Hlejor EG AraciriaMereadolwe Parque Ellos Oeste, Marumble F0A ‘tela Vises Holding ———limin.e Relat. —_Consolldado ‘Transmit — ‘GRcUANTE 1085 882 Comer) ‘a7 6.6 3068 7a ware 7280 737520 soe 3a 8 cr) Boat ‘Cabra equivalentes de caea 195 61
Slide 72: Assets by subsidiary
La] ‘costa Oeste 5, Assets Dee 20 RRERSS, _Disunfo Telecom == Compugas—=leor’ EG Araucria Comerdialaagbo Wind Fam Menmotsrcand —F04 ‘eta Vita Hong [Eminaions ———_Conslidated ‘CoRRENT 77838 cord ‘esa ‘zasoas | 36580] 392,775, 380,95 03.450 os 26568 ser 2483079, a8i5 347) aao7ast (Gash and ash equlale
Slide 73: Liabilities by subsidiary
Unies Sep-2t tiirations conscited “cuRRENT wee) saat Social charges and acruale : 468.552 ‘Assodated companies and parent company mal 2 Suppliers (08.53) aus Income Taxand Social Contribution payable = sms ‘Orhertaxes = S168 ‘oans and financing 785) 327.568 Debentures =: 26758 Disidends payable (78)
Slide 74: Liabilities by subsidiary
ais Dee 20 mm tio Token Camugms UEC mun Cmeaigto WinForms Mami SndFOA Viste alieg Eliminators Casi ‘CURRENT, 236,758 556,702 | ‘38.908 Ered 5465, 308,265 308373 573, Excy 6007 3855, 2,065,949, ‘(2.210,788)) 9558,382, ‘Social charges and accruals 164.298 451603 | 36,263, 5408 a7 03, 5579 56 2 = 2 167
Slide 75: Income statement by subsidiary
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Slide 76: Income statement by subsidiary
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Slide 77: Income statement by subsidiary
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Slide 78: Income statement by subsidiary
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