Why Invest in TAESA

Premium Asset Base

• A Company dedicated exclusively to the electric energy transmission business
• R$ 2,746.9 million of Annual Permitted Revenues (RAP – 2020-2021 cycle)
• 39 concessions
• 13,655 km of transmission lines

Consistent Track Record of Dividend Payment

• Solid and consistent distribution of dividends
• Historical dividend payout: around 90% (percentage of net income distributed as dividends)
• Highly predictable revenues (fixed revenues annually restated by inflation)
• Dividend policy established on TAESA’s Bylaws

Sustainable Growth with Generation of Value to Shareholder

• In 10 years, TAESA grew from 8 to 39 concessions, increasing the amount of its total RAP from R$ 799 million to R$ 2.7 billion
• Assets in almost all of Brazil (18 states and the Federal District)
• Strategically positioned to capture synergies in new acquisitions
• Focus on assets that generate value to the business
• 9 lots won in recent auctions at very attractive returns

Operational Excellence

• High rates of availability of transmission lines: above 99.94%
• Low level of Variable Portion (PV): below 1.5% of RAP
• One of the highest EBITDA margins of the transmission sector
• Solid generation of operating cash

Proven Track Record of Financial Discipline

• Rigid cost control
• Highest credit rating in the two credit rating agencies
• Easy fundraising with competitive costs
• Diligence in the search for investments with attractive returns

High Level of Corporate Governance

• Solid Shareholders’ Agreement
• Level 2 of B3’s Corporate Governance
• Meets several requirements of Novo Mercado
• Robust Compliance framework which includes many policies, among them “Anticorruption and Bribe” and “Preventing and Fighting Money Laundering and Terrorism Financing”