Transmissora Aliança de Energia Elétrica (TAEE11) Investor presentation summary

Strategic growth and operational highlights

• Expanded to 49 concessions across 18 states, with 16,624 km of transmission lines and 160 substations, following the acquisition of five new assets in August 2026, increasing transformation capacity by 33%.

• Achieved 99.9% line availability and 87.2% EBITDA margin in 6M26, with a market cap of R$ 13.4 billion as of August 2026.

• R$ 9.2 billion deployed in CapEx since 2021, with R$ 16.2 billion invested since 2006, supporting both greenfield and brownfield projects.

• RAP for the 2026-2027 cycle reached R$ 4.9 billion, with R$ 305 million added from recent acquisitions.

• Geographic and technical diversification reduces operational risk and supports long-term revenue growth.

Financial performance and shareholder returns

• Regulatory net revenues grew from R$ 2,125 million in 2016 to R$ 3,488 million in 2025, with EBITDA margin consistently above 83%.

• Net debt/EBITDA ratio improved to 1.5x in 6M26, with net outstanding debt at R$ 13 billion and average debt term of 5.32 years.

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

• Dividend yields ranged from 6.1% to 14% over the past decade, reflecting strong cash generation and disciplined management.

• Maintains a competitive cost of debt (5.81% pre-tax) and AAA national credit ratings.

Value creation and investment strategy

• Secured R$ 2.0 billion in RAP since 2020 through project energizations and reinforcements, including R$ 675 million in 2026.

• Growth platform combines reinforcements, improvements, auctions, and selective M&A, focusing on high-return projects.

• Optimized corporate structure with 14 concession contracts and recent subsidiary incorporations enhances tax and financing efficiency.

• Strategic partnerships with TBE and AIE expand operational reach and leverage sector expertise.

• System Operations Center and integrated asset management systems support scalability and reliability.