Engie Brasil Energia S.a. · BMFBOVESPA:EGIE3
Engie Brasil Energia — Q1 2024 Earnings Presentation
39 slides from Engie Brasil Energia's earnings presentation, May 8, 2024
Slide 1: Results Presentation 1Q24
Gralha Azul Transmission System / PR Results Presentation 1Q24 May 7, 2024 Salto Santiago Hydropower Plant / PR ENGIE BRASIL ENERGIA S.A. Assú V Photovoltaic Complex / RN
Slide 2: Disclaimer
Results Presentation 1Q24 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 1Q24 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: 1Q24 Highlights
Results Presentation 1Q24 1Q24 Highlights The sale operation of The acquisition of the Fitch Ratings AGM approved the 15% stake held in Juazeiro, São Pedro, reaffirmed the Long- distribution of mandatory TAG has been Sol do Futuro, Sertão Term National Rating and complementary completed, with the So
Slide 6: Highlights: Ebitda and Net Income
Results Presentation 1Q24 Highlights Ebitda1 (R$ million) Net Income (R$ million) +53.3% +90.9% 3,165 1,684 1,350 2,064 -12.1% 891 882 -10.1% 2,064 1,815 TAG sale 882 793 Adjusted 1Q23 1Q24 1Q23 1Q24 R$ 1,350 million TAG sale net result R$ 891 million Net income from TAG sale Main drivers R$ 249 mil
Slide 7: ESG KPIs
Results Presentation 1Q24 ESG KPIs TOTAL EMISSIONS AND EMISSIONS INTENSITY HEALTH AND SAFETY – FREQUENCY RATE (OWN % OF WOMEN IN THE WORKFORCE AND EMPLOYEES + SERVICE PROVIDERS)* LEADERSHIP POSITIONS 29.8 251,274 26.9 27.9 1.42 0.02743 23.0 0.48 511 0.00003 1Q23 1Q24 1Q23 1Q24 1Q23 1Q24 % of women i
Slide 8: ESG Highlights
Results Presentation 1Q24 ESG Highlights The launch of Sustainability Report 2023, an important management tool for rendering accountability to the stakeholders, compliant with Global Reporting Initiative (GRI) and with Bureau Veritas Assurance. The publication demonstrates the evolution of the corp
Slide 9: Energy Sales
Energy Sales Gralha Azul Transmission System / PR ENGIE Brasil Energia S.A. 9
Slide 10: Energy Commercial Strategy
Results Presentation 1Q24 Energy Commercial Strategy Portfolio diversification and gradual sale of future availability, with reserve for protection against hydrological risk Free customers total sales volume for 2024: 2,005 aMW Energy Balance (% of total; in aMW) | as of March 31, 2024 18.2% 17.7% 5
Slide 11: Energy Commercial Strategy: Evolution of free customers
Results Presentation 1Q24 Energy Commercial Strategy Evolution of free customers¹ 2,388 2,329 2,159 2,176 2,005 1,422 4,128 39% 1,408 (+64.5% compared to 1Q23) Participation of Free Clients Consumer Units served in out of total physical sales in 1Q242 1Q24 982 968 877 8.2% 1.2 thousand GWh +46.9% (-
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 1Q24 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 1Q24 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 Commercial Operati
Slide 15: Photovoltaic Project Under Implementation: Assú Sol
Results Presentation 1Q24 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: Trackers assembly Capacity: 3Q23 ~752 MWac (~895 MWp) Commercial Operation: Capacity: Gradual • Pr
Slide 16: Transmission Project Under Implementation: Gavião Real
Results Presentation 1Q24 PA Transmission Project Under Implementation Gavião Real Transmissora de Energia Complementary to the Novo Estado Transmission System, Contracted Concession RAP1: period: capturing synergies. R$ 7.1 30 years million Substation Sector 230kV Estimated Deadline to Capex1: star
Slide 17: Transmission Project Under Implementation: Asa Branca
Results Presentation 1Q24 Transmission Project Under Implementation PA Asa Branca Transmissora de Energia BA Strategic location for seamless flow of renewable energy from Northeast to the Southeast and Midwest regions. Contracted Concession MG RAP1: period: R$ 249.3 30 years million ES Capex Deadlin
Slide 18: Jirau HPP update
Results Presentation 1Q24 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 Structure +25.3% 2,102 2,102 2,102 2,102 2,102 14 97 97 97 97 97 20% 00 2,529 538 0 404 4
Slide 19: Expansion: Projects under construction and development
Results Presentation 1Q24 Expansion 1 D A C 2 6 4 5 3 Projects under construction B Projects under development E Generation Santo Agostinho Wind Installed 1 Complex (Phase II) – RN capacity: 279 MW Sto. Agostinho I Installed capacity: 434.0 MW A Wind Complex – RN Commercial capacity: 224.2 aMW Santo
Slide 20: Financial Performance
Financial Performance Estreito Hydropower Plant / TO/MA ENGIE Brasil Energia S.A. 20
Slide 21: Solid Financial Performance From 2016 – 2023
Results Presentation 1Q24 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 22: Net Operating Revenue Change
Results Presentation 1Q24 Net Operating Revenue Change NET OPERATING REVENUE (R$ MILLION) -10.4% 2,913 (182) 60 (47) 374 (15) (47) (73) 13% 2,609 101 301 3% 12% 54 2% 2,438 2,254 84% 86% NOR 1Q23 Pampa Sul CCEE Price and Financial Trading Transmission NOR 1Q24 revenue sales volume asset remuneration
Slide 23: Result of Equity Income
Results Presentation 1Q24 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) Closing of the sale 2,217 (606) operation on January 10, reduced the stake in TAG from 32.5% to (45) (410) 17.5%, resu
Slide 24: Ebitda Change
Results Presentation 1Q24 Ebitda Change EBITDA (R$ MILLION) -12.1% +53.3% 1,350 3,165 252 8% 2,064 -8.0% 287 (170) 14% (69) 1,825 (117) 116 (47) 50 (38) 136 1,815 (46) 37 (86) 1,512 (239) 117 (15) 98 1,679 252 48% 248 38 14% 12% 248 154 162 162 9% 1,529 1,401 1,401 74% 1,460 1,363 77% 44% Ebitda IFR
Slide 25: Net Income Change
Results Presentation 1Q24 Net Income Change NET INCOME (R$ MILLION) -10.1% +90.9% 891 1,684 882 (249) 195 (18) (17) 793 Net income Adjusted Financial Depreciation Income Adjusted TAG sale Net income 1Q23 Ebitda result and taxes net income 1Q24 amortization 1Q24 ENGIE Brasil Energia S.A. 25
Slide 26: Balanced Debt
Results Presentation 1Q24 Balanced Debt With no currency exposure DEBT OVERVIEW (R$ MILLION) 21,995 5,262 Debt control, active 20,587 20,905 management of debt 18,150 costs and 376 16,357 successful Total Debt / Ebitda3 3.1x investment 2.9x 2.9x decisions ensure low (R$ million) 2.6x levels of the N
Slide 27: Debt Profile and Composition
Results Presentation 1Q24 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 5,114 81% IPCA competitive costs of 3,220 debt for financing growth. 2,048 2,304 2,423 1,713 1,844
Slide 28: CAPEX
Results Presentation 1Q24 CAPEX ALLOCATED/EXPECTED CAPEX AND CORRESPONDING FINANCING RESOURCES (R$ MILLION) 9,597 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 3,365 814 3,641 2,80
Slide 29: Dividend Policy
Results Presentation 1Q24 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 2.34 Commitment: minimum 8.6% 9.2% 8.1% 6.1% 5.7% 6.2% 5.6% payout of 55% of 3.5% 3.7% 3.5% distributable net incom
Slide 30: Supporting Data
Supporting Data Assú V Photovoltaic Complex / RN ENGIE Brasil Energia S.A. 30
Slide 31: Key Performance Indicators
Results Presentation 1Q24 Key Performance Indicators Consolidated (in R$ million) 1Q24 1Q23 Chg. Net Operating Revenue (NOR) 2,609 2,913 -10.4% Results from Operations (EBIT) 2,920 1,837 59.0% Ebitda 1 3,165 2,064 53.3% Adjusted Ebitda 2 1,815 2,064 -12.1% Adjusted Ebitda by transmission and quota e
Slide 32: Diversified Portfolio of Assets as of March 31, 2024
Results Presentation 1Q24 Diversified Portfolio of Assets as of March 31, 2024 Installed Commercial Complementary Plants Capacity (MW) Capacity (aMW) Own installed capacity of 34 15 12 Campo Largo II Complex (Wind) 361.2 192.5 21 energy generation of 9,008 MW 33 20 31 13 Umburanas Complex (Wind) 360
Slide 33: Transportadora Associada de Gás – TAG
Results Presentation 1Q24 Transportadora Associada de Gás – TAG Legacy contracts with Petrobras Protagonism for the liberalization of the gas market: weighted average term of approximately 7 years access of important players to the transport network 64 extraordinary agreements signed in 2024, Contra
Slide 34: Transportadora Associada de Gás – TAG
Results Presentation 1Q24 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$) – TAG as of March 28, 2024 7.5 billion 10.5 billion
Slide 35: Energy Balance as of March 31, 2024
Results Presentation 1Q24 Energy Balance as of March 31, 2024 Diversified contracting with duration of about 14 years in ACR and 3.5 years in ACL1 (in average MW) 2024 2025 2026 2027 2028 2029 Own Resources 4,263 4,684 4,879 4,879 4,879 4,879 Auction Reference Gross Price Net Price of + Purchases fo
Slide 36: Headcount
Results Presentation 1Q24 Headcount1 Number of Employees By gender 711 1,221 20% 1,144 33% 30% 38% 433 Administrative 48% Renewables 80% Female 57% 62% Thermal 70% Male 52% 10% Administrative Operations 1Q23 1Q24 By age group By academic qualifications 3% 5% 22% 16% Less than 25 32% 38% Post-Graduat
Slide 37: Sustainability KPIs
Results Presentation 1Q24 Sustainability KPIs1 Unit of Performance Performance Aspect Theme Change measurement 1Q24 1Q23 Emissions intensity 2 tonCO 2 e/MWh 0.00003 0.02743 -99.9% 2 Emissions intensity by revenue tCO 2e/million R$ 0.2 86.3 -99.8% E Total emissions (Scope 1, 2 and 3) 2 Tons 511.3 251
Slide 38: Contacts
Results Presentation 1Q24 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
Slide 39: www.engie.com.br
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