Engie Brasil Energia S.a. · BMFBOVESPA:EGIE3
Engie Brasil Energia — Q4 2024 Earnings Presentation
41 slides from Engie Brasil Energia's earnings presentation, Feb 21, 2025
Slide 1: Results Presentation 4Q24 and 2024
Gralha Azul Transmission System / PR Results Presentation 4Q24 and 2024 February 20, 2025 Salto Santiago Hydropower Plant / PR ENGIE BRASIL ENERGIA S.A. Assú V Photovoltaic Complex / RN
Slide 2: Disclaimer
Results Presentation 4Q24 and 2024 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 pot
Slide 3: Contents
Results Presentation 4Q24 and 2024 São Salvador Hydropower Plant / TO Contents 1 Highlights and ESG KPIs 2 Operating Highlights 3 Energy Sales 4 Expansion 5 Financial Performance 6 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 4Q24 and 2024 Highlights Serra do Assuruá Wind Complex / BA Early entry into operation of projects under Gross Energy Production increases construction (until Feb 20): 23.9%, compared to 2023. • Serra do Assuruá Wind Complex (BA) reached 74%; Curtailment totals 9% of wind and so
Slide 6: Highlights: Adjusted Ebitda and Net Income
Results Presentation 4Q24 and 2024 Highlights Adjusted Ebitda1 (R$ million) Adjusted Net Income (R$ million) uste E it a Non recurring uste Net Income Non recurring R$ 155 million Generation Segment R$ 97 million Adjusted Ebitda Main drivers of the result R$ 221 million Transmission Segment R$ 147 m
Slide 7: Highlights: sustainability awards
Results Presentation 4Q24 and 2024 Highlights Award: Award: o Global recognition of sustainability leadership o ENGIE Brasil Energia was o 7,690 companies analyzed recognized as one of the most o 800 eligible for "DJSI Emerging arkets” sustainable companies in the world, placed in the 21st position
Slide 8: ESG KPIs
Results Presentation 4Q24 and 2024 ESG KPIs HEALTH AND SAFETY – FREQUENCY RATE (OWN % OF WOMEN IN THE WORKFORCE AND EMISSIONS INTENSITY (tCO2e/MWh) EMPLOYEES + SERVICE PROVIDERS)* LEADERSHIP POSITIONS o omen in * Nº of accidents / millions of hours of exposure to the risk o omen ea ers ip positions
Slide 9: Operating Highlights
Operating Highlights Umburanas Wind Complex/ BA ENGIE Brasil Energia S.A. 9
Slide 10: Highlights: Generation
Results Presentation 4Q24 and 2024 Highlights Generation by Complementary Source (avg MW) Gross Power Generation (avg MW) in Ne in S iomass So ar Ne so ar y ro in S iomass So ar ENGIE Brasil Energia S.A. 10
Slide 11: Curtailment
Results Presentation 4Q24 and 2024 Curtailment Constrained-off, also known as Curtailment, refers to the request for restriction of generation in wind and photovoltaic plants, by the National Electric System Operator (ONS). Wind (%) Total curtailment % (wind + solar) ENGIE ENGIE SIN SIN 1 1 2 Solar
Slide 12: Energy Sales
Energy Sales Gralha Azul Transmission System / PR ENGIE Brasil Energia S.A. 12
Slide 13: Energy Commercial Strategy
Results Presentation 4Q24 and 2024 Energy Commercial Strategy Gradual sale of future availability, with reserve for protection against hydrological risk Energy Balance (% of total; in aMW) | as of December 31, 2024 Uncontracted energy compared to the availability of a given period ( ) ( ) ( ) ( ) (
Slide 14: Energy Commercial Strategy
Results Presentation 4Q24 and 2024 Energy Commercial Strategy Evolution of free customers¹ 3,826 40% (+20.6% compared to 4Q23) Participation of Free Clients Consumer Units served in out of total physical sales in 4Q242 2024 7.5% 74.7 thousand tCO2 (-1.1 p.p. compared to 4Q23) CERs sold in 2024 +28.3
Slide 15: Expansion
Expansion Santo Agostinho Wind Complex / RN ENGIE Brasil Energia S.A. 15
Slide 16: Wind Project Under Implementation
Results Presentation 4Q24 and 2024 BA Wind Project Under Implementation Serra do Assuruá Wind Complex 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 turb
Slide 17: Photovoltaic Project Under Implementation
Results Presentation 4Q24 and 2024 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: Modules assembly Capacity: 3Q23 ~752 MWac (~895 MWp) Plants commissioning evolution Comme
Slide 18: Transmission Project Under Implementation
Results Presentation 4Q24 and 2024 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 MG Contracted Concession RAP1: period: and Midwest regions. R$ 268.4 30 years ES mil
Slide 19: Transmission Project Under Implementation
Results Presentation 4Q24 and 2024 PA Transmission Project Under Implementation Graúna Transmissora de Energia Operational synergies BA with assets located in Contracted Concession Paraná, Santa Catarina, RAP: period : Minas Gerais and R$ 252.2 30 years GRAÚNA million Espírito Santo. Capex Deadline
Slide 20: Jirau HPP update
Results Presentation 4Q24 and 2024 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 , , Uptime operating factor in 2024: 100%2 ( ) egu ate artners i atera
Slide 21: Expansion: projects under construction and development
Results Presentation 4Q24 and 2024 1 Expansion B 2 6 4 5 3 A Projects under construction Projects under development C D Generation Santo Agostinho Wind Installed 1 Complex (Phase II) – RN capacity: 279 MW A Serra do Assuruá Installed capacity: 846.0 MW D Wind Complex – BA Commercial capacity: 410.2
Slide 22: Financial Performance
Financial Performance Estreito Hydropower Plant / TO/MA ENGIE Brasil Energia S.A. 22
Slide 23: Solid Financial Performance From 2016 – 2024
Results Presentation 4Q24 and 2024 From 2016 – 20243 Solid Financial Performance Investments: amounted to R$ 38.2 billion, with 78% leverage Good portfolio management and diversification into other regulated segments, such as transmission, natural gas transportation and energy Proprietary installed
Slide 24: Net Operating Revenue Change
Results Presentation 4Q24 and 2024 Net Operating Revenue Change NET OPERATING REVENUE (R$ MILLION) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) N R In emnity rice an ampa Su CCEE inancia ra ing ransmission N R sa es re enue asset o ume remuneration an ot ers Generation an port o io’s sa e Trading Transmission EN
Slide 25: Result of Equity Income
Results Presentation 4Q24 and 2024 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 TAG, resulting in the ( ) contribution of R$ 714 million via equity ( ) income to the Compa
Slide 26: Ebitda Change
Results Presentation 4Q24 and 2024 Ebitda Change EBITDA (R$ MILLION) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) bit a Non recurring A ust I S bit a perating In emnity S ort term ampa Su C arges an SG Costs ransmission Equity bit a I S A ust Non recurring bit
Slide 27: Net Income Change
Results Presentation 4Q24 and 2024 Net Income Change NET INCOME (R$ MILLION) ( ) ( ) ( ) N t in o Non recurring A ust n t uste Depreciation inancia Income a es A ust n t Non recurring N t in o in o E it a an resu t in o amorti ation ENGIE Brasil Energia S.A. 27
Slide 28: Balanced Debt
Results Presentation 4Q24 and 2024 Balanced Debt With no currency exposure DEBT OVERVIEW (R$ MILLION) 24,442 3,959 Debt control, active management of debt 20,587 20,905 357 20,126 costs and 18,150 successful 3.3x Total Debt / Ebitda3 investment 2.9x 2.9x decisions ensure low 2.7x (R$ million) 2.6x l
Slide 29: Debt Profile and Composition
Results Presentation 4Q24 and 2024 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 71% IPCA competitive costs of , debt for financing growth. , 25% , , CDI , , , , Averag
Slide 30: CAPEX
Results Presentation 4Q24 and 2024 CAPEX 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 S are o ers’ equity un e Debt funded1 Note: 1
Slide 31: Dividend Policy
Results Presentation 4Q24 and 2024 Dividend Policy DIVIDENDS (BASED ON DISTRIBUTABLE NET INCOME) • By-law minimum % payout: 30% of distributable net income • Management Commitment: minimum payout of 55% of 8.6% 9.2% distributable net income 6.1% 5.7% 6.2% 8.1% 3.7% 3.5% 5.6% 5.6% • Frequency: biannu
Slide 32: Supporting Data
Supporting Data Assú V Photovoltaic Complex / RN ENGIE Brasil Energia S.A. 32
Slide 33: Key Performance Indicators
Results Presentation 4Q24 and 2024 Key Performance Indicators 4T24 4T23 Var. 12M24 12M23 Var. Net Operating Revenue (NOR) 3,271 2,711 20.7% 11,219 10,748 4.4% Results from Operations (EBIT) 1,685 1,570 7.3% 7,682 6,360 20.8% Ebitda 1 1,973 1,803 9.4% 8,754 7,285 20.2% 2 Adjusted Ebitda 1,934 1,638 1
Slide 34: Diversified Portfolio of Assets as of December 31, 2024
Results Presentation 4Q24 and 2024 Diversified Portfolio of Assets as of December 31, 2024 Installed Commercial Complementary Plants Capacity (MW) Capacity (aMW) Own installed capacity of 12 Serra do Assuruá Complex (Wind) 490.5 247.7 35 energy generation of 17 23 13 Santo Agostinho I Complex (Wind)
Slide 35: Energy Balance as of December 31, 2024
Results Presentation 4Q24 and 2024 Energy Balance as of December 31, 2024 Diversified contracting with duration of about 13 years in ACR and 3 years in ACL1 (in average MW) 2025 2026 2027 2028 2029 2030 Own Resources 4,788 4,880 4,880 4,880 4,880 4,798 Auction Reference Gross Price Net Price of + Pu
Slide 36: Transportadora Associada de Gás – TAG
Results Presentation 4Q24 and 2024 Transportadora Associada de Gás – TAG 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 228 firm contracts signed in 2024 (45 active), C
Slide 37: Transportadora Associada de Gás – TAG
Results Presentation 4Q24 and 2024 Transportadora Associada de Gás – TAG Financing structure with competitive cost and protected from exchange variation ating an Internationa an a y itc atings an oo y’s, respecti e y. Debt Profile (R$) – TAG as of December 31, 2024 12.8 billion or ign ar t 7.7 billi
Slide 38: Headcount
Results Presentation 4Q24 and 2024 Headcount1 Number of Employees By gender ema e ae ministrati e perations ministrati e perations By age group By academic qualifications ess t an ost Gra uate to Co ege Degree to ig Sc oo to rimary Sc oo ore t an Note: 1Does not consider employees posted to projects
Slide 39: Sustainability KPIs
Results Presentation 4Q24 and 2024 Sustainability KPIs1 Unit of Performance Performance Performance Performance Aspect Theme Change Change measurement 4Q24 4Q23 12M24 12M23 Emissions intensity by energy generation tonCO 2e/MWh 0.0095 0.0123 -22.9% 0.0059 0.0131 -54.9% Emissions intensity by revenue
Slide 40: Contacts
Results Presentation 4Q24 and 2024 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
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