Engie Brasil Energia S.a. · BMFBOVESPA:EGIE3
Engie Brasil Energia — Q2 2024 Earnings Presentation
38 slides from Engie Brasil Energia's earnings presentation, Aug 8, 2024
Slide 1: Results Presentation 2Q24
Gralha Azul Transmission System / PR Results Presentation 2Q24 August 7, 2024 Salto Santiago Hydropower Plant / PR ENGIE BRASIL ENERGIA S.A. Assú V Photovoltaic Complex / RN
Slide 2: Disclaimer
Results Presentation 2Q24 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 2Q24 São Salvador Hydropower Plant / TO Contents 1 Highlights and ESG KPIs 2 Energy Sales 3 Expansion 4 Financial Performance 5 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 2Q24 Highlights Serra do Assuruá Wind Complex / BA In the 2Q24, the first 17 On July 8, 2024, the Santo Agostinho Wind (9%) generator units at entire Gavião Real Complex – Phase I the Serra do Assuruá Transmission System (RN) reached 98.6% Wind Complex (BA) (PA) was energized, o
Slide 6: Highlights
Results Presentation 2Q24 Highlights The Company booked the ENGIE Brasil Energia The Company was Approved the distribution amount of R$ 262 million won the Energy awarded GPTW - of interim dividends in the in the form of an category and was a Great Place To amount of R$ 932.8 million indemnity due t
Slide 7: Highlights: Adjusted Ebitda and Adjusted Net Income
Results Presentation 2Q24 Highlights Adjusted Ebitda1 (R$ million) Adjusted Net Income (R$ million) 5,126 2,555 1,961 1,710 9 +8.6% 1,359 3,774 871 907 -2.5% 733 16 1,615 +6.1% -2.4% 1,798 1,952 3,862 3,767 806 855 1,688 1,648 (88) (88) (73) (73) 2Q23 2Q24 6M23 6M24 2Q23 2Q24 6M23 6M24 Adjusted Ebit
Slide 8: ESG KPIs
Results Presentation 2Q24 ESG KPIs EMISSIONS INTENSITY (tonCO2e/MWh) HEALTH AND SAFETY – FREQUENCY RATE (OWN % OF WOMEN IN THE WORKFORCE AND EMPLOYEES + SERVICE PROVIDERS)* LEADERSHIP POSITIONS 0.0214 0.0214 31.0 30.1 1.34 28.2 28.2 0.0199 1.27 0.0100 0.22 0.00 2Q23 2Q24 2Q23 2Q24 6M23 6M24 6M23 6M2
Slide 9: Energy Sales
Energy Sales Gralha Azul Transmission System / PR ENGIE Brasil Energia S.A. 9
Slide 10: Energy Commercial Strategy
Results Presentation 2Q24 Energy Commercial Strategy Gradual sale of future availability, with reserve for protection against hydrological risk Energy Balance (% of total; in aMW) | as of June 30, 2024 Uncontracted energy compared to the availability of a given period 5,365 5,343 5,318 5,222 5,217 5
Slide 11: Energy Commercial Strategy: Evolution of free customers
Results Presentation 2Q24 Energy Commercial Strategy Evolution of free customers¹ 2,388 2,329 2,159 2,154 2,041 3,559 43% (+32.8% compared to 2Q23) Participation of Free Clients 1,610 out of total physical sales in Consumer Units served in 1,408 2Q242 2Q24 877 982 1,030 7.6% 10.2 thousand tCO2 (-1.2
Slide 12: Expansion
Expansion Santo Agostinho Wind Complex / RN ENGIE Brasil Energia S.A. 12
Slide 13: Wind Project Under Implementation: Santo Agostinho
Results Presentation 2Q24 RN Wind Project Under Implementation Santo Agostinho Wind Complex (Phase I) Wind project made feasible in the Free Contracting Lajes and Pedro Avelino (RN) - Phase I Environment (ACL). Total Start of Installed construction: Santo Agostinho Wind Complex Capacity: 2021 434 MW
Slide 14: Wind Project Under Implementation: Serra do Assuruá
Results Presentation 2Q24 BA Wind Project Under Implementation Serra do Assuruá Wind Project 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 15: Photovoltaic Project Under Implementation: Assú Sol
Results Presentation 2Q24 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: Capacity: 3Q23 Modules assembly ~752 MWac (~895 MWp) Commercial Operation: Capacity: Gradual ~228.
Slide 16: Transmission Project Under Implementation: Asa Branca
Results Presentation 2Q24 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 Contracted Concession MG regions. RAP1: period: R$ 268.4 30 years ES million Prot
Slide 17: Expansion: Jirau HPP update
Results Presentation 2Q24 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 +2.7% 2,102 2,102 2,102 2,102 2,102 14 97 97 97 97 97 40% 00 40% 1,883 1,935 5
Slide 18: Expansion: projects under construction and development
Results Presentation 2Q24 Expansion 1 A C 2 6 4 5 3 Projects under construction B Projects under development D Generation Santo Agostinho Wind Installed 1 Complex (Phase II) – RN capacity: 279 MW Santo Agostinho Installed capacity: 434.0 MW A Wind Complex – RN Commercial capacity: 224.2 aMW Santo Ag
Slide 19: Financial Performance
Financial Performance Estreito Hydropower Plant / TO/MA ENGIE Brasil Energia S.A. 19
Slide 20: Solid Financial Performance From 2016 – 2023
Results Presentation 2Q24 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 21: Net Operating Revenue Change
Results Presentation 2Q24 Net Operating Revenue Change NET OPERATING REVENUE (R$ MILLION) +7.4% 262 (118) 31 26 (53) 44 2,802 296 2,610 11% 252 54 10% 2% 107 4% 2,251 2,452 86% 88% NOR 2Q23 Indemnity Pampa Sul Price and Other Trading Transmission NOR 2Q24 revenue sales volume Generation and portfoli
Slide 22: Result of Equity Income
Results Presentation 2Q24 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 2,169 (566) TAG, resulting in the contribution of R$ 152 million via equity income to the (55) (424)
Slide 23: Ebitda Change
Results Presentation 2Q24 Ebitda Change EBITDA (R$ MILLION) +14.7% +8.6% -1.7% 31 (239) 44 93 262 (31) (45) (45) (56) 9 1,961 88 1,952 98 1,896 10 (56) (13) 22 1,864 57 31 227 88 1,798 109 227 (11) 160 12% 1,710 51 170 51 139 3% 208 208 152 7% 152 208 12% 1,451 1,595 85% 1,539 1,528 1,542 1,573 81%
Slide 24: Net Income Change
Results Presentation 2Q24 Net Income Change NET INCOME (R$ MILLION) +18.8% +6.1% 154 (25) (34) (46) 16 871 855 73 806 733 Net Non- Adjusted Adjusted Financial Depreciation Income Adjusted Non- Net income recurring net income Ebitda result and taxes net income recurring income 2Q23 2Q23 amortization
Slide 25: Balanced Debt
Results Presentation 2Q24 Balanced Debt With no currency exposure DEBT OVERVIEW (R$ MILLION) 21,941 4,211 Debt control, active 20,587 20,905 management of debt 18,150 386 17,344 costs and successful Total Debt / Ebitda3 investment 3.1x 2.9x 2.9x decisions ensure low (R$ million) 2.6x levels of the N
Slide 26: Debt Profile and Composition
Results Presentation 2Q24 Debt Profile and Composition Competitive costs and defensive indexes BREAKDOWN OF DEBT MATURITY DEBT SCHEDULE (R$ MILLION) AAA rating and robust cash generation translate into 5,163 81% IPCA competitive costs of 3,252 debt for financing growth. 2,335 2,437 14% 2,017 CDI 1,7
Slide 27: CAPEX
Results Presentation 2Q24 CAPEX ALLOCATED/EXPECTED CAPEX AND CORRESPONDING FINANCING RESOURCES (R$ MILLION) 9,827 The expansion plan and maintenance CAPEX 7,217 7,270 6,941 are supported by a 6,427 strong cash flow generation and prudent 2,854 funding strategy. 4,013 3,407 3,150 3,300 814 3,641 2,80
Slide 28: Dividend Policy
Results Presentation 2Q24 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 29: Supporting Data
Supporting Data Assú V Photovoltaic Complex / RN ENGIE Brasil Energia S.A. 29
Slide 30: Key Performance Indicators
Results Presentation 2Q24 Key Performance Indicators Consolidated (in R$ million) 2Q24 2Q23 Chg. 6M24 6M23 Chg. Net Operating Revenue (NOR) 2,802 2,610 7.4% 5,411 5,523 -2.0% Results from Operations (EBIT) 1,695 1,478 14.7% 4,615 3,315 39.2% Ebitda 1 1,961 1,710 14.7% 5,126 3,774 35.8% Adjusted Ebit
Slide 31: Diversified Portfolio of Assets as of June 30, 2024
Results Presentation 2Q24 Diversified Portfolio of Assets as of June 30, 2024 Installed Commercial Complementary Plants Capacity (MW) Capacity (aMW) Own installed capacity of 34 16 12 Santo Agostinho I Complex (Wind)2 427.8 221.2 22 energy generation of 9,059 MW 32 33 21 12 13 Campo Largo II Complex
Slide 32: Transportadora Associada de Gás – TAG
Results Presentation 2Q24 Transportadora Associada de Gás – TAG Legacy 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 102 firm contracts signed in 2024 (42 active), Con
Slide 33: Transportadora Associada de Gás – TAG
Results Presentation 2Q24 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 June 30, 2024 9.5 billion 11.4 billion F
Slide 34: Energy Balance as of June 30, 2024
Results Presentation 2Q24 Energy Balance as of June 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 4,329 4,792 4,888 4,888 4,888 4,889 Auction Reference Gross Price Net Price of + Purchases for R
Slide 35: Headcount
Results Presentation 2Q24 Headcount1 Number of Employees By gender 746 1,123 1,185 22% 37% 32% 37% 439 Administrative 48% Renewables 78% Female 63% 63% 68% Male 52% Administrative Operations 2Q23 2Q24 By age group By academic qualifications 3% 3% 4% 23% 16% Less than 25 33% 34% Post-Graduate 25 to 3
Slide 36: Sustainability KPIs
Results Presentation 2Q24 Sustainability KPIs1 Unit of Performance Performance Performance Performance Aspect Theme Change Change measurement 2Q24 2Q23 6M24 6M23 Emissions intensity by energy generation 2 tonCO 2e/MWh 0.0214 0.0100 114.0% 0.0214 0.0199 7.6% 2 Emissions intensity by revenue tCO 2e/mi
Slide 37: Contacts
Results Presentation 2Q24 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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