REGISTER
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IBOV -0.19% (0.00)
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TAEE11 0.74% (0.00)
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EIGPM1 -197.00% (-0.64)
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EIPCA1 33.30% (1.16)
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IEEX 0.95% (0.00)
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IBXX -0.21% (0.00)
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IGCX -0.32% (0.00)
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Transmissora Aliança de Energia Elétrica S.A. – TAESA – is one of the largest private electric energy transmission groups in Brazil in terms of Annual Permitted Revenues (also known as RAP). The company is exclusively dedicated to the construction, operation and maintenance of transmission assets, with 11,682 km of lines in operation and 1,973km of lines under construction, totaling 13,655 km of extension and 97 substations. In addition, it has assets in operation with voltages between 230 and 525kV, and is present in all 5 Regions of the country (18 States and the Federal District), as well as an Operation and Control Center in Brasília. Currently, TAESA holds 39 transmission concessions: (i) 10 concessions that comprise the holding company (TSN, Novatrans, ETEO, GTESA, PATESA, Munirah, NTE, STE, ATE, and ATE II); (ii) 10 full investees (Brasnorte, ATE III, São Gotardo, Mariana, Miracema, Janaúba, Sant’Ana, São João, São Pedro and Lagoa Nova); and (iii) shareholding interest in 19 companies (ETAU, Transmineiras, AIE Group, and TBE Group).

Simplified map with TAESA’s concessions
TAESA’s Main Figures
39 concessions: 10 concessions in the holding company, 10 full investees, and shareholding interest in 19 companies
Total of 13,655 km of transmission lines and 97 substations (11,682km of lines in operation and 1,973 km of lines under construction)
Present in 18 States and the Federal District: Alagoas, Bahia, Espírito Santo, Goiás, Maranhão, Mato Grosso, Minas Gerais, Pará, Paraíba, Paraná, Pernambuco, Piauí, Rio Grande do Norte, Rio Grande do Sul, Santa Catarina, São Paulo, Sergipe, and Tocantins.
Average concession term: 15.2 years (as of 10/01/2021)
Line availability rate: 99.94% / Variable Portion (PV): R$ 11.3 million (1.28% of consolidated RAP) - 6M21
Total RAP R$ 3,323 million (2020-2021 cycle): R$ 2,710 million operational (14% market share¹) and R$ ‭613.4‬ million under construction (12% market share¹ - Total RAP)
Investments done between 2006 and 1Q21 (CAPEX + M&A): R$ 8.7 billion
Dividends paid between 2009 in 2Q21: R$ 9.5 billion
¹ Market share considers only category 2 and 3 concessions.
Financial Information (6M21 - TAESA Consolidated)
EBITDA of R$ 647.8 million and EBITDA margin of 82.1%
IFRS Net Income of R$ 1253.7 million / Adjusted Net Income² of R$ 1101.09 million / Distributed Dividends and JCP (Interest on Equity) of R$ 1028.5 million (98.0% payout over the adjusted net income and 83.9% over the net income 1T21)
Gross Debt of R$ 6,665.7 million / Cash balance of R$ 729.3 million / Net Debt of R$ 5,936.5 million
Average Nominal Cost of 4.36% and Average Term of 5.6 years
Net Debt/EBITDA: 4.6x (it considers jointly controlled and associated companies)
Market Cap: R$ 13.6 billion (as of 05/19/2021)
² The Adjusted Net Income excludes the effects of the CPC 47 adoption, reflecting the previously adopted accounting method (Financial Asset at amortized cost).