Companhia Paranaense de Energia (CPLE6) Corporate presentation summary

Strategic positioning and business model

• Operates as an integrated electric utility with hydro, wind, transmission, distribution, and trading segments, serving 5.3 million consumers and managing 6,226 MW of 100% renewable installed capacity.

• Holds the fourth-largest distribution concession in Brazil, covering a high-GDP region with above-average energy consumption growth and strong operational KPIs.

• Transmission platform spans 9,700 km with 96% of RAP renewed for 15 years and an average concession term of 18 years.

• Trading arm is among Brazil's top 10, with a diversified portfolio and low delinquency, selling 13,268 GWh in 1H26.

• Business model emphasizes strategic and operational integration across segments for efficiency and value creation.

Financial performance and capital structure

• Achieved R$ 44.2 billion market cap, R$ 26.5 billion in LTM revenue, and R$ 2.1 billion recurring net income (8.7% margin).

• Recurring Ebitda reached R$ 5.5 billion in 2025, up 10.2% YoY, with DisCo and GenCo as main contributors.

• Net debt/EBITDA at 2.9x, within the optimal range of 2.6x–3.2x, supporting a minimum 75% net income dividend policy.

• Capex focused on distribution (87.1%), with R$ 13.5 billion planned for 2026–2030, plus R$ 1.9 billion for GenCo and R$ 1.8 billion for transmission.

• Comfortable leverage and strong cash flow underpin growth and dividend commitments.

Operational highlights and efficiency

• Distribution Ebitda up 34.5% in 2Q26, driven by market growth and cost management; billed grid market grew 7.2%.

• GenCo Ebitda rose 10.1% in 2Q26, supported by higher sales prices and favorable hydrology.

• PMSO (personnel, materials, services, others) costs reduced by 0.8% in 2025, with a 14.7% drop in staff and management expenses.

• Recurring net income for 2025 was R$ 2.1 billion, with a slight decrease due to financial results and tax effects.

• Ongoing shift from cost-cutting to efficiency, with KPIs focused on value creation and ROIC.