Engie Brasil Energia S A : Results Presentation - 2Q23

ENGIE BRASIL ENERGIA

RESULTS PRESENTATION 2Q23

August 8, 2023

Results Presentation 2Q23

Disclaimer

This publication may include forward-looking statements on events or results pursuant to Brazilian and international securities' regulations. These forward- looking statements are based on certain assumptions and analyzes made by ENGIE Brasil Energia S.A. ("ENGIE Brasil Energia" or "Company"), - previously denominated Tractebel Energia S.A. -, in accordance with its experience and the economic scenario, market conditions and expected events, many of which are outside the control of ENGIE Brasil Energia. Important factors which can lead to significant differences between effective results and the forward-looking statements with respect to events or results, include the business strategy of ENGIE Brasil Energia, economic and international conditions, technology, financial strategy, development of the government services industry, hydrological conditions, conditions in the financial markets, uncertainty surrounding the results of its future operations, plans, objectives, expectations and intentions and other factors. In the light of these factors, the effective results of ENGIE Brasil Energia may differ significantly from those indicated or implicit in the forward-looking statements with respect to events or results.

The information and opinions contained herein should not be understood as a recommendation to potential investors and no investment decision should be based on the veracity, topicality or completeness of this information or these opinions. None of the advisors to ENGIE Brasil Energia or the parties related thereto, or their representatives shall accept responsibility for any losses, which may occur as a result of the use or the content in this presentation.

This material includes forward-looking statements as to events subject to risks and uncertainties, which based on existing expectations and forecasts on future events and tendencies, may affect the businesses of ENGIE Brasil Energia. These forward-looking statements include forecasts of economic growth and energy supply and demand as well as information on competitive position, the regulatory environment, growth potential opportunities and other matters. Innumerous factors can affect adversely the estimates and assumptions on which these statements are based.

ENGIE Brasil Energia S.A.

2

Results Presentation 2Q23

Contents

1. Highlights and ESG KPIs
2. Energy Sales
3. Expansion
4. Financial Performance
5. Supporting Data

São Salvador Hydro Power Plant

ENGIE Brasil Energia S.A.

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Results Presentation 2Q23

1. Highlights and

ESG KPIs

Umburanas Wind Complex

ENGIE Brasil Energia S.A.

4

Results Presentation 2Q23

Highlights

Adjusted Ebitda1 (R$ million)

+2.3%

								3,774	3,862
									88
				-5.2%					167
1,897	1,798	3,607	3,774
	180
		88
1,717	1,710
2Q22	2Q23	1H22	1H23

Adjusted Net Income (R$ million)

													+46.8%
													1,688
														73
				+56.8%
								1,150
				806		110		1,615			Recurring
				73								Non-recurring
514		1,040
	119		733
395
2Q22		2Q23	1H22	1H23

Main result drivers vs. 2Q22:

R$ 239 million	Extension of Estreito HPP concession	Net financial result
R$ 214 million	Financial and contract asset - impact of IPCA decrease	R$ 489 million	Financial income: < R$ 38 million
R$ 64 million	Periodic transmission tariff review		Financial expenses: < R$ 354 million
	Concession payable expenses: < R$ 173 million

Note:
1 Adjusted Ebitda: net income + income tax and social contribution + financial	ENGIE Brasil Energia S.A.	5
result + depreciation and amortization + non-recurring