Transmissora Alianca De Energia Eletrica S.a. · BMFBOVESPA:TAEE3
Transmissora Alianca De Energia Eletrica — Taesa — Q2 2025 Earnings Presentation
15 slides from Transmissora Alianca De Energia Eletrica's earnings presentation, Aug 14, 2025
Slide 1: Earnings Release 2Q25
Earnings Release 2Q25 August 14, 2025 Efficiency that enpowers 1
Slide 2: Disclaimer
Disclaimer The individual and consolidated financial projections were prepared in accordance with accounting practices adopted in Brazil, encompassing corporate legislation, pronouncements, guidelines and interpretations issued by the Accounting Pronouncements Committee (CPC), in addition to the rul
Slide 3: Sustainability and Innovation
Sustainability and Innovation Semester progress Innovation in the use of Drones and Sensors Race is Priority Movement Semi-Autonomous Inspection ✓ 30% target achieved by 2025 Tests are underway for semi-autonomous 30.3% black leaders* drone image capture, with the potential to transform the way we c
Slide 4: Accomplishments – First half of 2025
Accomplishments – First half of 2025 1st Quarter 2nd Quarter 3rd Quarter • SEP – Special Protection System • TAESA Pitch Day • 18th Debenture issuance • 17th Debenture issuance • Pitiguari begins operations approximately 2 • ANEEL Ratification Resolution No. 3,481 of July 15, 2025, for the 2025- yea
Slide 5: RAP Cycle 2025-2026
RAP Cycle 2025-2026 Expectation of energizing 3 greenfield projects and 4 Annual Permitted Revenues RAP increase of R$ 5.6 MM reinforcements: TSN, São Pedro approved by ANEEL following REA 15.027/2024, ATE III and R$ 4.4 billion (R$ MM – TAESA) the regulatory oversight ATE in the 2025-2026 cycle, pr
Slide 6: 2Q25 Highlights
2Q25 Highlights 8.7% growth in operational RAP between the 2025-2026 and 2024-2025 cycles, reaching R$ 4 billion starting in 3Q25 Recurring regulatory EBITDA reached R$ 1 billion in the first six months of the year, a 2.7% annual growth, driven by higher revenues and OPEX below inflation High operat
Slide 7: Regulatory Results
Regulatory Results EBITDA 83.3% 84.6% Net Revenues (R$ MM – TAESA consolidated) (R$ MM – TAESA consolidated) 84.0% EBITDA Margin +5.5% 83.7% +7.2% 1,155.5 1,219.2 1,031.4 +7.2% 962.0 +7.5% 579.7 621.3 485.2 521.7 2Q24 2Q25 6M24 6M25 2Q24 2Q25 6M24 6M25 Operating Performance Net Income (in %) (R$ MM
Slide 8: Regulatory Net Income 6M25
Regulatory Net Income 6M25 (R$ MM – TAESA consolidaded) +0.9% (+4.2) EBITDA 69.3 (R$ MM – TAESA consolidated) 2.0 83.3% 84.6% 16.9 483.5 20.3 487.7 EBITDA Margin +7.2% (+69.3) 66.6 1,031.4 962.0 6M24 Net Δ EBITDA Δ Equity Δ Depreciation Δ Net Financial ∆ Income 6M25 Net Income Method and Result Taxe
Slide 9: Regulatory EBITDA 6M25
Regulatory EBITDA 6M25 (R$ MM – TAESA consolidated) Adjusted EBITDA* +7.2% (R$ MM – TAESA consolidated) (+69.3) 84.4% 84.3% 19.7 5.7 1,031.4 +2.7% 47.8 3.9 985.8 1,012.6 962.0 6M4 6M25 adjusted adjusted EBITDA Δ Energy Δ Variable Δ Other Δ OPEX EBITDA 6M24 Transmission Portion Effects 6M25 Revenues
Slide 10: IFRS Net Income 6M25 x 6M24 – Main Variations
IFRS Net Income 6M25 x 6M24 – Main Variations: (R$ MM) +12.5% • R$ 97.6 MM: Increase in the implementation margin due to higher (+97.3) investments in the Tangará, Novatrans reinforcement, and Saíra (2nd 875.2 phase) projects, partially offset by the delay in the environmental 777.8 licensing for An
Slide 11: Projects under development
Projects under development (R$ MM) 93 km SC Pitiguari (67 km CD) RAP/CAPEX1: 23.4 / 243 Energized approximately 2 100% TAESA years in advance ANEEL’s Deadline: mar/27 ▪ Pitiguari: full energization approximately 2 years ahead of the ANEEL Concession Maturity: sep/52 deadline. 743 km ▪ Juruá: main co
Slide 12: Debenture Issuances
Debenture Issuances TAESA’s Paraguaçu’s Aimorés’ 18th Issuance 1st Issuance 1st Issuance Issued on July 25 Issued on June 25 Issued on June 25 Incentivized (Law 12.431) Institutional Institutional 1st series 2nd series 1st series 2nd series 1st series 2nd series Volume R$ 400 MM R$ 400 MM R$ 364 MM
Slide 13: Indebtedness
Indebtedness (R$ MM – TAESA with proportional consolidation) Net Outstanding Debt Debt Amortization Profile 4.0 4.0 4.1 4.1 4.0 Average cost of debt (real): 5.52% (pre-tax) 7,015 11,542 11,681 11,106 10,960 11,134 Average debt term: 4.7 years 2,175 1,623 1,509 912 1,088 Cash 563 Balance 1Q25 2H25 20
Slide 14: Earnings Distribution Announcement R$ 1,020 MM
Earnings Distribution Announcement YTD R$ 1,020 MM declared Board of Directors’ Meeting August 13, 2025 R$ 2.96 Board of Directors approves the distribution of: per Unit R$ 299.4 million Declared Dividends (R$ MM) as Interest on Equity (IoE) and Interim Dividends. 410 1.020 111* Cut-off date: August
Slide 15: Q&A Session
Q&A Session 18