Companhia Paranaense de Energia (CPLE6) Investor 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 covering 194,000 km².

• Holds the fourth-largest distribution concession in Brazil, with a concession through 2045 and a strong presence in a high-growth, high-HDI state.

• Maintains a 100% renewable generation portfolio, with 81% hydro and 19% wind, and 64% of concessions renewed for over 30 years.

• Among the top 10 energy traders in Brazil, with a diversified and integrated portfolio and low delinquency.

• Strategic focus on operational excellence, cost efficiency, and portfolio optimization to drive sustainable growth.

Financial performance and capital structure

• Achieved R$ 44.2 billion market cap, R$ 26.5 billion in operating revenue, and R$ 2.1 billion recurring net income (8.7% margin) as of June 2026.

• Recurring Ebitda reached R$ 5.5 billion in 2025, up 10.2% year-over-year, with strong contributions from both GenCo and DisCo.

• Maintains comfortable leverage at 2.9x Net Debt/Ebitda, within the optimal range of 2.6x–3.2x, and a minimum dividend payout of 75% of net income.

• Capex focused on distribution (87.1%), with ongoing investments in generation and transmission to support growth and efficiency.

• Strong value creation through operational performance, cost discipline, and a robust dividend policy.

Recent results and operational highlights

• Consolidated recurring Ebitda rose 20.8% in 2Q26, driven by operational performance and cost efficiency.

• DisCo Ebitda increased 34.5% and GenCo Ebitda grew 10.1% in 2Q26, supported by market growth and higher electricity prices.

• Recurring net income up 42.6% in 2Q26, reflecting improved operations and a lower effective tax rate.

• Distribution segment achieved record RAB of R$ 19.9 billion and regulatory Ebitda of R$ 3.5 billion in the 2026 tariff review.

• Ongoing cost optimization led to a 14.7% reduction in staff and management costs in 2025.