Engie Brasil Energia S.a. · BMFBOVESPA:EGIE3
Engie Brasil Energia — Q2 2026 Earnings Presentation
39 slides from Engie Brasil Energia's earnings presentation, Aug 5, 2026
Slide 1: Results Presentation 2Q26
ENGIE Brasil Energia S.A. RESULTS PRESENTATION 2Q26 August 5, 2026
Slide 2: Disclaimer
1 2 3 4 5 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 Bra
Slide 3: Contents
01 02 03 1 2 3 4 5 Highlights and Operating Financial CONTENTS ESG KPIs Highlights Performance 04 08 13 04 05 Expansion Supporting Data 22 28 Results Presentation 2Q26 3
Slide 4: Highlights and ESG KPIs
O1 HIGHLIGHTS AND ESG.KPIs
Slide 5: Highlights
1 2 3 4 5 Highlights Primary Share Offering (EGIE3 Follow-on): On June 10th, the Board of Directors approved the execution In 2Q26, the Company recognized its participation in the Public of a Primary Public Offering of Shares and the convening of Asset Use (UBP) renegotiation mechanism, regarding fu
Slide 6: Highlights
1 2 3 4 5 Highlights | Adjusted Ebitda1 (R$ million) Main drivers of the result . 2Q25vs Generation Segment Transmission Segment R$ 269 million R$ 113 million Result of Equity Income (TAG) R$ 69 million | Adjusted Net Income (R$ million) Depreciation andamortization Financial Result Income Taxes R$
Slide 7: ESG KPIs
1 2 3 4 5 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 accidents / millions of hours of exposure to the risk | Soc
Slide 8: Operating Highlights
02 OPERATING HIGHLIGHTS
Slide 9: Generating and Transmission Uptime
1 2 3 4 5 Generating and Transmission Uptime Operational excellence in generation and transmission assets Note: Considering programmed and forced stoppages. Results Presentation 2Q26 9
Slide 10: Energy Generation
1 2 3 4 5 Energy Generation Increase in solar generation driven by organic growth 1 Hydro generation from MRE higher than 2Q25, measured by GSF’ | Generation by Complementary Source (avg MW) | Generating Scaling Factor ( GSF’ ) Note: Results Presentation 2Q26 10 1GSF’: without the effects of seasona
Slide 11: Energy Generation: Curtailment
1 2 3 4 5 Energy Generation: Curtailment | % of Curtailment over Generation – 2Q26 (avg MW) 2Q26 curtailment was 4 p.p. above 2Q25. Curtailment compensation: (MME Ordinance No. 140/2026, published on July 21, 2026) Eligible period: September 1, 2023 to November 25, 2025; Compensation: external unava
Slide 12: Energy Commercial Strategy
1 2 3 4 5 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 June 30, 2026 Evolution of the 2,790 4,981 number of free (+42.3% com
Slide 13: Financial Performance
03 FINANCIAL PERFORMANCE
Slide 14: Net Operating Revenue Change
1 2 3 4 5 Net Operating Revenue Change Net Operating Revenue (R$ million) Generation and portfolio sale Trading Transmission Results Presentation 2Q26 14
Slide 15: Result of Equity Income
1 2 3 4 5 Result of Equity Income Contribution of the Result Transportadora from Associada de Gás (TAG) to Ebitda theof the Company | TAG’s Net Income Change (R$ million) Stake of 17.5% in TAG, resulting in the contribution of R$ 130 million through equity income to the Company’s Ebitda in 2Q26. 199
Slide 16: Ebitda Change
1 2 3 4 5 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 + financial r
Slide 17: Public Asset Use (UBP) Renegotiation
1 2 3 4 5 Public Asset Use (UBP) Renegotiation Valuecreation On July 20th, the settlement of the renegotiated outstanding UBP payments related to the Cana Brava and Ponte de Pedra hydropower concessions was completed. | Key milestones: R$4.2 billion R$2.2 billion Taxes: R$ 0.7 billion 1 Updated outs
Slide 18: Net Income Change
1 2 3 4 5 Net Income Change (R$ million) Non-recurring in 2Q26 due to the UBP capital gain, net of taxes. Results Presentation 2Q26 18
Slide 19: Balanced Debt
1 2 3 4 5 Balanced Debt With no currency exposure | Debt Overview (R$ million) Debt control 6,449 + 29,329 32,152 active management of debt 24,442 492 25,210 3.9x costs 20,905 3.8x Total Debt / Ebitda2 + 3.3x 3.3x (R$ million) 3.1x 2.9x 2.7x successful investment decisions 2.1x ensure balanced level
Slide 20: Debt Profile and Composition
1 2 3 4 5 Debt Profile and Composition AAA rating and robust cash generation translate into Debt breakdown competitive costs of debt for financing growth | Maturity Debt Schedule as from June 30, 2026 (R$ million) IPCA 53.9% CDI 39.9% TJLP 6.2% 2Q26: Nominal cost of debt: 11.3% p.a. (equivalent to I
Slide 21: Dividend Policy
1 2 3 4 5 Dividend Policy | Dividends (based on distributable net income) By-law minimum payout: 30% of distributable net income Management 8.6% 9.2% 8.1% Commitment: minimum 6.1% 5.7% 6.2% 5.6% 5.6% payout of 55% of 3.5% 1 4.2% 1.6% distributable net income 5 6 Frequency: biannual Dividend per Shar
Slide 22: Expansion
04 EXPANSION
Slide 23: Jirau HPP: completion of the transfer process
1 2 3 4 5 Jirau HPP: completion of the transfer process Process focused on governance and transparency Dec/25 – Jun/26 Share Offering Strategic andEconomic Rationale • The Board of Directors authorized the June 10th: Transaction • Aligned with the Company's hydropower commencement of feasibility app
Slide 24: Jirau HPP: operating data
1 2 3 4 5 Jirau HPP: operating data Hydropower asset with -term longcontracted revenues Concession term extended until 2047 Installed Capacity: 3,750 MW | Gross Generation (avg MW) | PPAs portfolio³ (avg MW) 50 Generating Units 75 MW each GU Physical Guarantee2: 2,182 aMW 90m expanded Uptime Ratio (
Slide 25: Capacity Reserve Auction: Jaguara HPP
1 2 3 4 5 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- Concessio
Slide 26: Transmission Projects Under Implementation
1 2 3 4 5 Transmission Projects Under Implementation Asa Branca Transmissora de Energia (BA, MG, ES) Graúna Transmissora de Energia (SC, PR, SP, MG, Contracted RAP1: Contracted RAP1: In 2Q26, the Preliminary License R$ 296.0 million LT 500kV Morro do Chapéu II – R$ 281.0 million was obtained for the
Slide 27: Transmission Project Under Implementation
1 2 3 4 5 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 milli
Slide 28: Supporting Data
05 SUPPORTING DATA
Slide 29: Resilient Financial Performance
1 2 3 4 5 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 and p
Slide 30: Key Performance Indicators
1 2 3 4 5 Key Performance Indicators Consolidated (in R$ million) 2Q26 2Q25 Chg. 6M26 6M25 Chg. Net Operating Revenue (NOR) 3,511 3,086 13.8% 6,920 6,100 13.4% Results from Operations (EBIT) 1,761 1,541 14.3% 3,626 3,262 11.2% 1 Ebitda 2,179 1,871 16.5% 4,427 3,915 13.1% 2 Adjusted Ebitda 2,179 1,86
Slide 31: Diversified Portfolio of Assets
12 81 2 3 4 5 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 June30, 2026 Stake of 17.5% in TAG Compleme
Slide 32: Expansion
1 2 3 4 5 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 Length:
Slide 33: Energy Balance as of June 30, 2026
1 2 3 4 5 Energy Balance as of June 30, 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 Own Resources 5,169 5,202 5,202 5,202 5,161 Auction Reference Gross Price Net Price of + Purchases for Resale 800 527 381 232 248
Slide 34: Headcount
1 2 3 4 5 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 2Q26 34
Slide 35: Sustainability KPIs
1 2 3 4 5 Sustainability KPIs Unit of Performance Performance Performance Performance Aspect Theme Change Change measurement 2Q26 2Q25 6M26 6M25 Emissions intensity by energy generation (Scope 1, 2 and 3) tonCO 2e/MWh 0.0022 0.0027 -17.6% 0.0015 0.0022 -33.5% Emissions intensity by revenue tCO 2 e/m
Slide 36: Transportadora Associada de Gás – TAG
1 2 3 4 5 Transportadora Associada –TAG de Gás Contracts Lenght Agreement Capacity2 Contract/Section Type Client Readjustment index4 (km) Maturity (MM m³/day) Gasene 1,400 Nov-2033 30.3 Legacy Petrobras 46% Basket IGP1; 54% Protagonism for the liberalization of the gas marke US PPI Urucu-Coari- 800
Slide 37: Transportadora Associada de Gás – TAG
1 2 3 4 5 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 5.8billion as of June 30, 2026 Domestic market: 2nd Debentures (Dec/23 to Dec/33): IPCA + 5.99% p.a., a
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
eENGie www.engie.com.br