3Q22 CONFERENCE CALL

November 04th, 2022

Period highlights

BRL 284 million EBITDA in 3Q22, +207% vs. 3Q21

FINANCEIRO

BRL 327 million Operating Cash Generation in 3Q22

+BRL 1.0 billion equity to fund the new wind assets acquisition

Acquisition of +456 MW in new operational wind capacity

CRESCIMENTO

Tucano at 87% project completion, with 24 out of 52 turbines assembled

First 06 wind turbine towers assembled in Cajuína 1

Portfolio contracting level exceeds 80% for 2023 and 2024

OPERACIONAL

Increase in average availability in wind and solar assets

Historical CO2 emissions neutralized

2

AGENDA

Growth and Opportunities

Energy Market Overview

3Q22 and 9M22 Results

Conclusion and Q&A

3

Tucano Wind Complex construction site

AES Brasil has doubled its portfolio over the last 6 years

Before the Growth and

Current Installed

Diversification Strategy

Capacity¹

6%

+2.5 GW

2.7 GW

43%

5.2 GW

52%

100%

Hydro

Wind

Solar

4 1 - Considers +456 MW from the new wind assets acquisition announced on August 8th, and 1.0 GW under construction (Tucano and Cajuína)

Acquisition of 456 MW in operational wind assets

Assets Overview

  • 3 wind complexes in operation since 2015
  • Fully contracted until 2035
  • Installed Capacity: 456 MW
  • Contracted Energy: 229 MWavg
  • Capacity Factor (P50): 47%
  • PPAs Average Price: BRL 190.0 MWh
  • Location: PE, PI and RS

Precedent conditions and asset integration plan

  • CADE approval
  • Approval by BNDES and other debenture holders
  • Closing of the operation scheduled for 1Q23

5 Caetés Wind Complex - PE

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AES Brasil Energia SA published this content on 04 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2022 12:21:00 UTC.