Equatorial Energia (EQTL3) investor relations material

Infrastructure investment trends

• Electric power and sanitation are leading sectors for infrastructure investment, with electric power investments expected to reach R$125.2 billion by 2025 and sanitation R$44 billion, both showing significant private sector participation and growth over the past decade.

• The investment cycle is driven by load growth, quality improvements, and asset renewal, with ongoing projects expected to require R$58.4 billion in future sanitation investments.

Financial performance and value creation

• Adjusted EBITDA reached R$14.5 billion, with a 20% CAGR in total shareholder return over 15 years, outperforming sector indices.

• Value creation is driven by regulatory base expansion, operational efficiency, strategic management, and growth in sanitation, with significant Capex investments above regulatory depreciation to grow the asset base.

• Active capital structure management and disciplined capital allocation have maintained leverage at optimal levels, supporting acquisitions and expansion.

Operational efficiency and regulatory compliance

• Operational efficiency initiatives have resulted in OPEX savings, improved quality, and regulatory compliance levels above peers, with notable cost reductions in vegetation management, live-line maintenance, and voltage regulation.

• Regulatory compliance levels consistently exceed targets, supporting financial stability and operational excellence.