Transmissora Aliança de Energia Elétrica (TAEE11) Corporate Presentation summary

Strategic positioning and sector overview

• Operates in the Brazilian electricity transmission sector, which is highly regulated, stable, and features predictable revenues through long-term contracts adjusted for inflation.

• The National Interconnected System covers 187,000 km and transports 99.9% of the country's energy, with a robust organizational structure and regulatory oversight.

• Transmission segment benefits from low credit and construction risks, with payments based on line availability rather than energy volume.

Operational scale and growth

• Holds 43 concessions across 18 states and the Federal District, with 15,100 km of transmission lines (14,400 km operational, 735 km under construction).

• RAP (Annual Permitted Revenue) for 2024-2025 cycle is R$ 4.1 billion, with an 85.8% EBITDA margin and a market value of R$ 12.1 billion.

• Ongoing projects will add approximately R$ 445 million to RAP, with recent licensing advances and no significant delays impacting returns.

Financial discipline and shareholder returns

• Maintains a disciplined financial strategy, with consistent regulatory net revenue growth and high EBITDA margins above 83%.

• Net debt/EBITDA ratio remains conservative, and recent debenture issuances have extended average debt maturities to 4.7 years at a 4.99% real cost.

• Paid R$ 1 billion in dividends in 2023 and R$ 986 million in 2024, with attractive dividend yields and a sustainable payout policy.