Transmissora Alianca De Energia Eletrica S.a. · BMFBOVESPA:TAEE3
Transmissora Alianca De Energia Eletrica — Taesa — Investor Presentation (May 2026)
24 slides from Transmissora Alianca De Energia Eletrica's investor presentation, May 2026
Slide 1: Corporate Presentation
Corporate Presentation MAY 2026 taesa.com.br/en/ Efficiency that enpowers 1
Slide 2: Disclaimer
Disclaimer The individual and consolidated financial projections This document contains statements related to were prepared in accordance with accounting TAESA's business prospects, operational and practices adopted in Brazil, encompassing corporate financial results projections and growth expectati
Slide 3: Our driving purpose and values
Our driving Our values purpose "We transmit energy efficiently and with quality, ensuring safety Safety first. We build relationships and trust in every based on trust. interaction, driving sustainable development for people and the planet." We promote excellence. We genuinely care about people. 3
Slide 4: Company Overview
Company Overview 1 TAESA’s proven growth history 2 Geographic footprint and operating highlights 4
Slide 5: Proven growth history
1 Proven growth history Brownfield Projects 2006 2007 2008 2011 2012 2013 2017 2019 2020 Greenfield Projects TSN GTESA ETEO NTE UNISA1 (50%) TBE (~49%) Transmineiras Transmineiras (25%) São Pedro Novatrans PATESA UNISA1 (50%) Transmineiras (5%) (25%) Brasnorte (61%) São João Munirah Brasnorte (39%)
Slide 6: TAESA currently holds concessions across all regions of Brazil
2 TAESA currently holds 44 concessions across all regions of Brazil Tangará Presence in 44 6 18 states and FD concessions operational bases 4.394 km SEP 15.3k (3,4x Brazil’s length) km of transmission line 14,4k km opeartional 871 km under construction Ananaí Juruá 99.95% YTD Line 0.4% YTD Variable
Slide 7: Investment Thesis
Investment Thesis 3 Portfolio of high-quality assets and best-in-class operations 1 Favorable sector dynamics that allow for predictable cash flow generation 4 Strong financial performance throughout the years consistently paying high dividend yields 2 Significant capacity to create value to shareho
Slide 8: Favorable sector dynamics that allow for predictable cash flow generation
1 Favorable sector dynamics that allow for predictable cash flow generation Strong regulatory framework Inflation-protected The sector is regulated by the Federal 1 4 Contracted revenues (RAP)1 are inflation- government and is historically stable. protected by the IPCA or IGP-M indices. Revenue sour
Slide 9: Significant capacity to create value via greenfield and brownfield investments, efficiency and innovation
2 Significant capacity to create value to shareholders via greenfield and brownfield investments, efficiency and innovation R$ 1.3 billion in RAP captured between 2020 and (%) 80 1Q26, and another R$ 333 million contracted to become operational in the next years Miracema Aimorés Competitive funding
Slide 10: Projects under development
2 Projects under development (R$ MM) Progress Investments 100% TAESA Projects: As of 03/31/2026 Project energizations and progress 743 km 98.8% RS driving record 2025 and 1Q26 Capex RAP/CAPEX4: 191.7 / 1,176 ANEEL’s Deadline: mar/28 Concession Maturity: mar/53 Operational RAP: Saíra R$ 164.0 MM (~86
Slide 11: Optimized corporate structure for greater tax and financing efficiencies
2 Optimized corporate structure for greater tax and financing efficiencies 4 subsidiaries incorporated 14 concession contracts into the holding company 54.4% of total RAP in the last 3 years holding Lagoa São São São Mariana Janaúba TBE¹ ETAU Ananaí Tangará Juruá Brasnorte AIE2 Pitiguari Nova João P
Slide 12: Partnerships: TBE & AIE
2 Partnerships: TBE & AIE TBE AIE1 49.98% 49.98% 49.99% 19.09% 21.95% 49.0% 24.95% 49.00% EATE EATE ETEP ENTE ECTE ERTE (e) EBTE(g) EDTE (d) Transmineiras 50.0% 50.0% 50.0% 100.0% 18.45% 100% ESDE (f) STC (a) ETSE (i) Paraguaçu Aimorés Ivaí 38.02% 61.55% STC (a) ERTE (e) 50.1% 80.0% Lumitrans (b) ED
Slide 13: System Operations Center designed for efficient coordination
3 System Operations Center designed for efficient coordination, sustainable and strategic growth… 99.8% 1.1% average line in the last 10 availability rate years in the last 10 years in the last 10 years Consistent operating Low levels of performance Variable Portion New center inaugurated in August
Slide 14: Integrated systems and qualified professionals strategically located
3 …associated with integrated systems and qualified professionals that are strategically located • Integrated systems COGMA Centro de Observação Gestão Cyber e Monitoramento de Ativos Healthcare and • Broad presence of Security Monitoring technical team Financial • Teams 100% trained for RDO mainten
Slide 15: Strong financial performance throughout the years
4 Strong financial performance throughout the years Regulatory Net Revenues (R$ MM – TAESA with proportional consolidation) Growth driven by disciplined 2,307 2,899 3,304 3,287 3,488 financial management 2,125 2,187 1,950 1,807 1,956 908 aimed at maximizing 2016 2017 2018 2019 2020 2021 2022 2023 20
Slide 16: Adequate debt profile with competitive costs and extended terms
4 Adequate debt profile with competitive costs and extended terms Net Outstanding Debt Profile Debt Amortization Profile Debt (R$ Bn) 31% 4.1 4.2 16% Average cost of debt (real) +3.0% 5.75% (pre-tax) 8% 7% 7% 4.3 2.3 6% 12,387 12,761 Average debt term 6% 5% 5% 5% 4% 5.4 years 1.1 0.9 1.0 1.0 0.7 0.8
Slide 17: Consistent dividend payment
4 Consistent dividend payment Dividends + Interest on Equity Declared1 Adequate (R$ MM) 1,672 1,552 shareholder compensation sustained by diligent 1,106 932 960 1,004 986 1,020 829 management and financial 608 651 discipline 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26 Regulatory Payout of
Slide 18: Earnings distribution basis
4 Earnings distribution basis Based on Regulatory 2024 ≥ 75% 2025+ = 90-100% ≥ 50% IFRS Net Income Net Income Calculation basis for Payment of earnings From the 2025 fiscal The values determined distribution of earnings equivalent to a minimum year onwards, the must be equal to or becomes Regulator
Slide 19: Corporate governance as an important strategic tool
5 Corporate governance as an important strategic tool Balanced decision-making framework between Governance practices controlling shareholders Controlling Block1 Minority Shareholders’ Agreement 21.7% 14.9% 63.4% CEMIG ISA Investimentos2 Market • Relevant resolutions at Board meetings require nine v
Slide 20: Management Team
5 Management Team Rinaldo Pecchio Junior CEO 19 years in the energy sector At TAESA since May 2023 (ISA Energia, Grupo AES Brasil, Elektro S.A) Catia Pereira Luis Alves Mauricio Dall’Agnese Jell Andrade CFO and IRO DIRETOR TÉCNICO DIRETOR DE NEGÓCIOS DIRETOR DE IMPLANTAÇÃO 26 years in the financial
Slide 21: Solid ESG framework
5 Solid ESG framework Environmental Social Governance • Publication of the GHG Emissions • Annual Great Place to Work (GPTW) • The Company's long-term strategic planning Inventory, in accordance with the GHG certifications with emphasis on the is supported by pillars, including Protocol methodology,
Slide 22: Current Challenges
Current Continuous efforts on efficiency and innovation Challenges discussions Concession Residual and renewal indemnity values Proactively capture Leveraging reinforcements and growth improvements opportunities (M&A, auctions) Opportunities arising Climate change: from the energy discussions on tra
Slide 23: Our path forward: Innovation and efficiency
Our path forward: Innovation and efficiency Shared cost service center Organizational changes focused on the following areas: Hiring of consulting firm specialized in cost optimization ➢ Technical / operational ➢ Asset management Information technology master plan ➢ Innovation Review of corporate va
Slide 24: taesa
taesa’