FIXED INCOME INVESTOR PRESENTATION 2 Q 2 0 | R E S U L T S
Visão ISA CTEEP geral Sustainable Value Financial Highlights
ISA CTEEP IE Garanhuns 51% RAP 2020/2021 cycle BRL3,131 million RAP² 2020/2021 cycle BRL48 million IE Pinheiros 100% IENNE 100% Largest publicy traded pure transmission RAP 2020/2021 cycle BRL63 million utility in Brazil RAP 2020/2021 cycle BRL53 million IE Serra do Japi 100% ▪ Transmission of 33% of Brazil’s energy RAP 2020/2021 cycle BRL56 million IE Madeira IEMG 51% 100% generation and 94% of the energy in IE Itapura Bauru the State of São Paulo 100% RAP² 2020/2021 cycle BRL281 million RAP 2020/2021 cycle BRL20 million RAP 2020/2021 cycle BRL12 million ▪ Benchmark player in costs and quality ▪ Capacity in operation¹ Evrecy 18.6 thousand km of transmission ▪ 100% lines RAP 2020/2021 cycle BRL13 million 65.9 thousand MVA of transformation ▪ capacity 126 substations ▪ ▪ RAP 2020/2021 cycle* of ISA CTEEP’s operational assets: BRL3.7 billion 2 IE Sul 100% RAP 2020/2021 cycle BRL20 million Note: ¹ Considers the full capacity of IE Madeira and IE Garanhuns ² RAP 2020/2021 cycle adjusted to ISA CTEEP’s participation * RAP 2020/2021 cycle with PA, net of PIS and COFINS
IE Itaquerê 100% IE Paraguaçu 50% RAP 2020/2021 cycle BRL52 million RAP² 2020/2021 cycle BRL60 million IE Itapura Lorena 100% RAP 2020/2021 cycle BRL11 million Largest publicly traded pure transmission IE Ivaí utility in Brazil 50% IE Aguapeí 100% RAP² 2020/2021 cycle BRL150 million ▪ Growth with sustainable value creation RAP 2020/2021 cycle BRL60 million IE Tibagi 100% ▪ Construction capacity 100% RAP 2020/2021 cycle BRL26 million 7.6 thousand km of transmission ▪ lines IEMG 100% RAP 2020/2021 cycle BRL33 million 1.7 thousand MVA of ▪ IE Aimorés transformation capacity 50% RAP² 2020/2021 cycle BRL41 million ▪ Organic growth¹: CapEx of BRL215 million/year with RAP of BRL45 IE Itaúnas million/year 100% RAP 2020/2021 cycle BRL53 million ▪ Greenfield projects: ANEEL capex BRL5 billion with RAP 2020/2021 cycle* of BRL565 million IE Biguaçú 100% RAP 2020/2021 cycle BRL41 million Evrecy 100% Note: RAP 2020/2021 cycle BRL38 million ¹ Average for the last 7 years ² RAP 2020/2021 cycle adjusted to ISA CTEEP’s participation *RAP 2020/2021 cycle with PA, net of PIS and COFINS
Corporate Governance Structure Shareholders Ethics and Transparency recognized at ISA and at ISA CTEEP Board of Directors Fiscal Council level 8 effective members, of 5 effective members which 2 are independent and 5 substitute and one is elected by the members Experienced employees Management Human Resources Audit Committee Committee team focused on value creation CEO Rui Chammas 2019 Transparency COO Chief Project Officer CFO and IRO Institutional Relations Trophy from Officer Carlos Ribeiro ANEFAC Alessandro Gregori Filho Rui Chammas Carlos Ribeiro (interim) (interim)
ISA A multilatina company recognized for INTERCONEXIÓN ELÉCTRICA, ▪ Largest high-tension electric the excellence of its operations S.A.E.S.P . transmission network in Latin America Operational: ▪ 46,374 km of transmission lines Colombia América 70% of participation in the Central ▪ 92,600 MVA in power capacity Transmission market in June, 2020 Under construction: ▪ 7,431 km of transmission lines ▪ 15,482 MVA in power capacity ▪ Businesses in: Peru Brasil 70% of participation in ▪ Energy transmission the Transmission 20% of participation market in June, 2020 in the Transmission ▪ Highway concessions market in June, 2020 ▪ Information Technology/Telecom Chile ▪ Controlled by the Colombian 12% of participation in the Transmission market government (51% of shares) in June, 2020 Bolivia ▪ Market cap: USD6 billion¹ Argentina Solid Presence in Latin America: 6 countries and Central America , 3 sectors , 43 companies and subsidiaries Note ¹On 6/30/2020
ISA CTEEP Sustainable Value Financial Highlights
REMUNERATION FROM ASSET AVAILABILITY Permitted Annual RAP (RAP) - 2020/2021 Cycle¹ BRL4,263 million 68% RBSE 13% Operação e Projetos Integração Regulação Jurídico Crescimento Manutenção Crescimento Subsidiárias Valor Justo Gestão Disciplina 14% Orgânico de Litígios de Capital Eficiência, Qualidade, 21% Operation & Maintenance Segurança Renewed Contract (Contract 059) Bid Contracts in operation Bid Contracts in construction 73% 11% New Investments P E S S O A S Note: ¹ Considers RAP proportional to ISA CTEEP’s participation in assets with partnerships
RBSE (BASIC NETWORK OF EXISTING SERVICE) CASH FLOW BOOSTS CASH GENERATION FOR THE NEXT YEARS RBSE Receipt Flow 1 (BRL million) ▪ ANEEL included the remuneration of the financial component by “Ke” in RAP starting from the 2021 cycle. The amount not received in the first three cycles of RBSE will be included, through an adjustment installment, in the 2020 to 2023 cycles. ▪ The regulatory WACC and the Regulatory Remuneration Base were updated in the tariff reset process. ▪ The receipt of the economic component of RBSE was also adjusted according to assets depreciation. Note: ¹ Note: The graph shows amounts defined for the revenue cycles 2017/2018 (REH ANEEL 2,258), 2018/2019 (REH ANEEL 2,408) and 2019/2020 (REH ANEEL 2,565) and 2020/2021 (REH ANEEL 2,725). Assumptions for future cycle as per REN ANEEL 762/2017 and based on the worksheets published at the end of CP 22/2020.
FREQ (times) DREQ (minutes) IENS (%) Equivalent Frequency of Interruption Equivalent Duration of Interruption Index of Non-Supplied Energy ISA CTEEP ISA CTEEP ISA CTEEP 0.11 2.67 0.0010% South South South 0.007% 0.07 2.16 Southeast/ Southeast/ Southeast/ 0.0025% 7.06 0.17 Midwest Midwest Midwest 0.0020% 7.69 SIN 0.2 SIN SIN Northeast Northeast Northeast 16.37 0.0056% 0.35 North North North e 0.0031% 12.95 0.55 December 2019 figures Focus in cost efficiency, service quality and operational safety to maximize results
IENNE (100%) OPERATIONAL TL: 710 km Substation: none ASSETS RAP: BRL53 million ▪ 18.6 thousand km of IE Garanhuns (51%) transmission lines TL: 633 km Substation: 2.1 thousand MVA ▪ 65.9 thousand MVA of RAP¹: BRL48 million power transformation Evrecy (100%) capacity TL: 154 km Substation: 450 MVA IE Madeira (51%) RAP: BRL13 million ▪ RAP (RAP) of BRL3.7 TL: 2.4 thousand km IEMG (100%) Substation: 7,5 thousand MVA million¹ RAP¹: BRL282 million TL: 173 km Substation: none IE SUL (100%) RAP: BRL20 million TL: 167 km ISA CTEEP IE Pinheiros (100%) Substation: 900 MVA LT: 14.3 thousand km RAP: BRL20 million TL: 1 km Substation: 48.8 thousand MVA Substation: 4.2 thousand MVA RAP: BRL3.1 billion RAP: BRL63 million IE Itapura – Bauru (100%) Transmission IE Serra do Japi (100%) 1 Static Component Line (TL) Substation (Bauru Substation) TL: 137 km Line Entrance RAP: BRL12 million In operation Substation: 2.0 thousand MVA RAP: BRL56 million Note: ¹ RAP 2020/2021 cycle weighted by ISA CTEEP’s participation
IE Paraguaçu (50%)² TL: 338 km IE Aimorés (50%)² Substation: none ANEEL CAPEX: BRL510 million TL: 208 km ASSETS RAP 20/21 cycle : BRL60 million Substation: none ANEEL term: Feb/22 ANEEL CAPEX: BRL341 million UNDER RAP 20/21 cycle : BRL41 million ANEEL term: Feb/22 CONSTRUCTION IE Itaúnas (100%) TL: 79 km Substation: 1.2 thousand MVA 1 Static Comp. CAPEX ANEEL: BRL298 million ▪ 2 thousand km of RAP 20/21 cycle : : BRL53 million ANEEL term: Feb/22 transmission lines 1 ▪ 12 thousand MVA of power IEMG (100%) Triângulo Mineiro IE Aguapeí (100%) TL: 173 km transformation capacity 1 Substation: 1.6 thousand MVA TL: : 111 km CAPEX ANEEL: BRL554 million Substation: 1.4 thousand MVA RAP 20/21 cycle : BRL33 million ▪ RAP of BRL565 million² ANEEL CAPEX: BRL602 million ANEEL term: Dec/24 RAP 20/21 cycle : BRL60 million ANEEL term: Aug/21 IE Itaquerê (100%) 3 Comp. Synchronous IE Tibagi (100%) Três Lagoas (100%) (Araraquara Substation) TL: : 18 km on double circuit TL: 37 km CAPEX ANEEL: BRL398 million Substation: 500 MVA Substation: none RAP 20/21 cycle : BRL52 million ANEEL CAPEX: BRL135 million CAPEX ANEEL: BRL99 million ANEEL Term: Aug/21 RAP 20/21 cycle : BRL21 million RAP 20/21 cycle : BRL5 million ANEEL term: Aug/21 IE Itapura – Lorena (100%) ANEEL term: Jun/23 TL: 6 km of double circuit IE Biguaçú (100%) Substation: 1.2 thousand MVA TL: 57 km CAPEX ANEEL: BRL238 million Substation: 300 MVA RAP 20/21 cycle : BRL11 million ANEEL CAPEX: BRL641 million ANEEL term: Sep/22 RAP 20/21 cycle : BRL41 million IE Ivaí (50%)² Evrecy (100%) Minuano ANEEL term: Sep/23 TL: 599 km (230/500 kV) in TL: 169 km double circuit Transmission Substation: 2.7 thousand MVA Substation: 3 thousand MVA CAPEX ANEEL : BRL682 million Substation Line (TL) CAPEX ANEEL: BRL2 billion RAP 20/21 cycle : BRL38 million RAP 20/21 cycle : BRL150 million Under Line Entrance ANEEL term: Dec/24 Nota: ANEEL term: Aug/22 construction ¹ Considers project information (100%) ² RAP 2020/2021 cycle adjusted to ISA CTEEP’s participation
ISA CTEEP Sustainable Value Financial Highlights
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