Logotype for Transmissora Aliança de Energia Elétrica S.A.

Transmissora Aliança de Energia Elétrica (TAEE11) Corporate presentation summary

Event summary combining transcript, slides, and related documents.

Logotype for Transmissora Aliança de Energia Elétrica S.A.

Corporate presentation summary

18 May, 2026

Proven growth and operational scale

  • Expanded to 44 concessions across all regions of Brazil, with 15,300 km of transmission lines and 6 operational bases.

  • Achieved R$15.1 billion in CapEx and R$16.0 billion in dividends and interest on equity since inception.

  • RAP (Annual Permitted Revenue) reached R$4.4 billion for the 2025-2026 cycle.

  • Maintained 99.95% line availability YTD and an 87.8% EBITDA margin as of 1Q26.

Investment strategy and sector dynamics

  • Operates in a stable, regulated sector with inflation-protected, long-term contracted revenues and no demand risk.

  • Significant value creation through greenfield and brownfield investments, efficiency, and innovation.

  • R$1.3 billion in RAP captured between 2020 and 1Q26, with R$333 million more contracted for future operations.

  • Ongoing projects and reinforcements drive record CapEx for 2025 and 1Q26.

Financial performance and shareholder returns

  • Regulatory net revenues and EBITDA have shown consistent growth, with EBITDA margin above 83% since 2016.

  • Net debt increased to R$12.8 billion in 1Q26, with a 5.75% average cost and 5.4-year average term.

  • Dividend payout based on regulatory net income, with 91% payout in 2024 and 100% in 2025.

  • Dividend yields have remained attractive, ranging from 6.1% to 14% over the past decade.

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