Engie Brasil Energia S.a. · BMFBOVESPA:EGIE3
Engie Brasil Energia — Q2 2025 Earnings Presentation
41 slides from Engie Brasil Energia's earnings presentation, Aug 8, 2025
Slide 1: ENGIE Brasil Energia S.A.
ENGIE Brasil Energia S.A. August 7, 2025
Slide 2: Forward-looking statements disclaimer
2 This publication may include forward-looking uncertainty surrounding the results of its future This material includes forward-looking statements statements on events or results pursuant to operations, plans, objectives, expectations and as to events subject to risks and uncertainties, Brazilian an
Slide 3: Contents
CONTENTS HIGHLIGHTS AND ESGKPI’S OPERATING HIGHLIGHTS | ENERGY SALES | EXPANSION FINANCIAL PERFORMANCE SUPPORTING DATA
Slide 4: Highlights and ESG KPIs
AS] HIGHLIGHTS AND _* __sESGKPrs Trairi Wind Complex
Slide 5: Highlights of the quarter
5 • Serra do Assuruá Wind Complex: 100% physical • Restructuring of the Executive Board, with the aim of progress, being 88% commercially operating and strengthening the strategic focus on business lines 12% under test. and aligning the organizational structure with the Group's model. • Assu Sol Pho
Slide 6: Proposal: new composition of the executive board
Proposta: nova composição da diretoria 6 EGM convened for the creation of 9th position of Eduardo Sattamini Guilherme Ferrari Gustavo Labanca Marcos Keller Executive Officer Chief Executive Renewables and Power Networks Supply & Energy in the Bylaws Officer Batteries Management Pierre Leblanc Gabrie
Slide 7: Adjusted Ebitda and adjusted net income drivers vs. 2Q24
7 Adjusted Ebitda1 (R$ million) Main drivers of the result vs. 2Q24: R$ 202 million Generation Segment (2Q24 Sto Agostinho indemnity) R$ 69 million Transmission Segment R$ 47 million Result of equity income (TAG) Adjusted Net Income (R$ million) R$ 289 million Financial Result R$ 64 million Deprecia
Slide 8: ESG KPIs
8 HEALTH AND SAFETY – FREQUENCY RATE (OWN % OF WOMEN IN THE WORKFORCE AND EMISSIONS INTENSITY1 (tCO2e/MWh) EMPLOYEES + SERVICE PROVIDERS)* LEADERSHIP POSITIONS *Source: Ministry of Science, Technology and Innovation * Nº of accidents / millions of hours of exposure to the risk ENGAGED PEOPLE – "CONE
Slide 9: Operating Highlights
OPERATING HIGHLIGHTS w= Umburanas Wind Complex / BA
Slide 10: Gross power generation and complementary sources
10 Gross Power Generation (avg MW) Generation by Complementary Source (avg MW) Results Presentation 2Q25 ENGIE Brasil Energia S.A.
Slide 11: Curtailment and organic growth in generation
11 % of Curtailment over Generation – 2Q25 (avg MW) % of Curtailment per source - ENGIE 2Q25 Wind Solar Total • Curtailment in 2Q25 in line with National Integrated System (SIN). Curtailment - ENGIE 12% 23% 14% • Organic growth in wind and solar generation with entry in commercial operation of the S
Slide 12: Energy Sales
3 Gralha Azul Transmission System/ PR
Slide 13: Energy balance and free customers
13 Energy Balance1 (% of total; in aMW) | as of June 30, 2025 Uncontracted energy compared to the availability of a given period Evolution of the number of free customers and consumer units 1,960 4,093 (+21.7% compared to 2Q24) (+15.0% compared to 2Q24) Number of free consumers Consumer Units served
Slide 14: Expansion
4 Serra do Assuruá Wind Complex / BA
Slide 15: Acquisition of Santo Antonio do Jari and Cachoeira Caldeirão HPPs
15 Santo Antonio do Jari HPP Cachoeira Total acquisition value: R$ 2.9 billion, of which: Operational assets, with immediate Caldeirão HPP • Equity value: R$ 2.3 billion contributions to the Company's results, • Net debt: R$ 671.5 million after the closing of the transaction. ACR Auctions Santo Antô
Slide 16: Serra do Assuruá Wind Complex
16 Gentio do Ouro (BA) Total Instaled Start of Capacity: Construction: ~846 MW 2023 Commercial Operation: Wind turbines commissioning evolution Capacity: Gradual 410.2 aMW 3Q24-3Q25 Overall physical progress: 100% Investment Nº of turbines: (R$ mm)1: 188 Assembly and commissioning ~R$ 6,000 (4.5 MW
Slide 17: Assú Sol Photovoltaic Complex
17 Assú (RN) Total Installed Start of Capacity: Construction: ~752 MWac 3Q23 (~895 MWp) Commercial Operation: Capacity: Gradual Plants commissioning evolution ~229.6 aMW 4Q24-4Q25 Progress of installation activities: 96% Investment 2.3k – inverters (R$ mm)1: 13.6k – trackers ~R$ 3,300 1.5M - modules
Slide 18: Asa Branca Transmission System
18 Strategic location for seamless flow of renewable Asa Branca energy from Northeast to the (BA, MG, ES) Southeast and Midwest regions. Contracted Concession RAP1: period: R$ 282.7 30 years million Capex Aneel2: Deadline to start BA R$ 2,667 operation: million March 2029 (66 months) Works on the Mo
Slide 19: Graúna Transmission System
19 Operational synergies with BA Graúna (SC, PR, assets located in Paraná, SP, MG, ES) Santa Catarina, Minas Gerais and Espírito Santo. Contracted Concession GRAÚNA RAP1: period: R$ 268.3 30 years MG million ES Capex Aneel2: Deadline to start SP R$ 2,933.6 operation: PR million Dec/2029 Issuance of
Slide 20: Jirau HPP
20 Jirau HPP Production (average MW) PPAs Portfolio (average MW) Installed Physical Guarantee2: Capacity: 2,182 aMW – 90m extended 3,750 MW 2,257 aMW – 90m constant Uptime operating 50 Generating 75 MW factor 2Q25: Units each GU 100%1 Shareholding Structure 40% 20% Notes: 1 Subject to final CCEE boo
Slide 21: Expansion projects under construction and planned
1 21 B 2 6 4 5 3 A C Generation D 1 Santo Agostinho Wind Installed 279 MW Complex (Fase II) – RN capacity: A Serra do Assuruá Installed capacity: 846.0 MW D Wind Complex – BA Commercial capacity: 410.2 aMW Santo Agostinho Installed 2 Photovoltaic Complex – capacity: ~509 MW RN Assú Sol Photovoltaic
Slide 22: Financial Performance
5 Estreito Hydro Power Plant / TO/MA
Slide 23: Portfolio management and diversification 2016-2024
From 2016 – 20243 23 Good portfolio management and diversification into other regulated segments, such as transmission, natural gas transportation and energy contracts in the ACR, result in stability and predictability of results. These areas combined Investments: Proprietary represent about 65% of
Slide 24: Generation and portfolio sale, Trading, Transmission
24 Generation and portfolio sale Trading Transmission Results Presentation 2Q25 ENGIE Brasil Energia S.A.
Slide 25: TAG income statement and equity income contribution
25 TAG Income Statement (R$ million) Stake of 17.5% in TAG, resulting in the contribution of R$ 199 million through equity income to the Company’s Ebitda in 199 Contribution to 2Q25. Ebitda Results Presentation 2Q25 ENGIE Brasil Energia S.A.
Slide 26: Adjusted Ebitda by segment
26 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 result + depreciation and amortization + n
Slide 27: Results Presentation 2Q25 ENGIE Brasil Energia S.A.
27 Results Presentation 2Q25 ENGIE Brasil Energia S.A.
Slide 28: Debt overview
28 DEBT OVERVIEW (R$ MILLION) Debt control, active management of debt 27,660 5,660 costs and successful 24,442 3.7x 21,561 investment decisions 20,905 3.3x 438 18,150 ensure balanced levels Total Debt / Ebitda3 2.9x 2.9x of the Net Debt/Ebitda 2.6x 2.7x (R$ million) ratio. 2.1x 2.3x 0.29 0.28 0.25 0
Slide 29: Maturity debt schedule and breakdown of debt
29 MATURITY DEBT SCHEDULE (R$ MILLION) BREAKDOWN OF DEBT 66% AAA rating and robust cash generation translate into IPCA competitive costs of debt for financing growth. 31% CDI Average debt term: 7.0 years 3% TJLP 2Q25: Nominal cost of debt: 11.8% p.a. (equivalent to IPCA + 6.1%) 2Q24: 9.4% p.a. - equ
Slide 30: Allocated/expected capex and financing resources
30 ALLOCATED/EXPECTED CAPEX AND CORRESPONDING FINANCING RESOURCES (R$ MILLION) The expansion plan and maintenance CAPEX are supported by a strong cash flow generation and prudent funding strategy. Adjusted Ebitda ’ Debt funded1 HPPs under acquisition process2 Notes: 1 Does not consider interests inc
Slide 31: Dividends based on distributable net income
31 DIVIDENDS (BASED ON DISTRIBUTABLE NET INCOME) • By-law minimum payout: 30% of distributable net income • Management Commitment: minimum 8.6% 9.2% 8.1% 5.6% 5.6% 6.1% 5.7% 6.2% payout of 55% of 3.7% 3.5% 1 2.3% distributable net income 5 • Frequency: biannual Dividend per Share2 (R$) Payout3 Divid
Slide 32: Supporting Data
6 Assú V Photovoltaic Complex / BA
Slide 33: Consolidated results 2Q25 vs 2Q24
33 Consolidated (in R$ million) 2Q25 2Q24 Chg. 6M25 6M24 Chg. Net Operating Revenue (NOR) 3,086 2,802 10.1% 6,100 5,412 12.7% Results from Operations (EBIT) 1,541 1,695 -9.1% 3,262 4,615 -29.3% Ebitda 1 1,871 1,961 -4.6% 3,915 5,126 -23.6% 2 Adjusted Ebitda 1,866 1,952 -4.4% 3,906 3,767 3.7% 3 Adjus
Slide 34: Installed and commercial capacity by plant
34 Hydro Power Plants Installed Capacity (MW) Commercial Capacity (aMW) Installed Capacity Commercial Capacity Complementary Plants (MW) (aMW) 1 Salto Santiago 1,420.0 702.2 12 Serra do Assuruá Complex (Wind) 742.5 366.4 2 Itá 1,126.91 528.71 13 Assú Sol Complex (Solar) 171.6 52.9 3 Salto Osório 1,1
Slide 35: Energy resources and government auction sales
35 (in average MW) 2025 2026 2027 2028 2029 2030 Own Resources 4,708 4,880 4,880 4,880 4,880 4,798 Auction Reference Gross Price Net Price of + Purchases for Resale 670 465 339 327 221 199 Gross Price Date Adjusted PIS/COFINS/P&D = Total Resources (A) 5,378 5,345 5,219 5,207 5,101 4,997 (R$/MWh) (R$
Slide 36: TAG gas pipelines and market liberalization
Protagonism for the liberalization of the gas market: access of important players to the 36 transport network 22 clients (include 396 firm contracts Petrobras) from 19 signed in 2025 (49 active different economic groups. until June 30, 2025. Contracted % of Net Gas Length Agreement Readjustment Volu
Slide 37: TAG debt profile
37 Debt Profile (R$) – TAG as of June 30, 2025 10.9 billion 7.2 billion Domestic market: Foreign market: 1st Debentures (Jun/19 to Jun/26): CDI + 1.80% p.y., with semi-annual amortizations Bank Loan (Jun/19 to Jun/31): 2nd Debentures (Dec/23 to Dec/33): SOFR + spread between 2.5% and 3.3% IPCA + 5.9
Slide 38: Number of employees and workforce profile
38 Number of employees By gender By age group By academic qualifications Note: 1Does not consider employees posted to projects under construction. Results Presentation 2Q25 ENGIE Brasil Energia S.A.
Slide 39: ESG performance indicators
39 Unit of Performance Performance Performance Performance Aspect Theme Change Change measurement 2Q25 2Q24 6M25 6M24 Emissions intensity by energy generation tonCO 2e/MWh 0.0023 0.0027 -16.8% 0.0027 0.0020 36.7% Emissions intensity by revenue tCO 2e/million R$ 6.5 12.1 -46.3% 9.0 9.6 -6.3% Total em
Slide 40: Investor Relations Team
Investor Relations Team Investor Relations Manager Sustainability Analyst Chief Executive Officer leonardo.depine@engie.com caio.miralles@engie.com Investor Relations Analyst Investor Relations Analyst Chief Financial and Investor raquel.suzaki@engie.com adriana.wagner@engie.com Relations Officer In
Slide 41: www.engie.com.br
EeE=_— CNGiIC www.engie.com.br