Engie Brasil Ene Sa S/Adr

Hello, good morning. We're now starting Angels Brazil Energias, fourth quarter of 24. Earnings Result video conference. I'm Adriana Wagner, Investors Relations Analyst, and would like to make a few announcements before we start the video conference. At this moment, people are connected using the listener mode, and later, when we open the Q&A session, participants will be able to send them through the Zoom Q&A option. I would like to remind you that this video conference is being recorded. It is available at our website, www.eng.com.br slash investidores. and the earnings released, in addition to the complete financial statements and other documents filled at CVM, where analysis of financial statements, operational results, ESG indicators, and progress and implementation of new projects are disclosed in detail, among other highlights of the period. And before moving on, I would like to clarify that all statements that may be made during this video conference regarding the business outlook of the company should be treated as forecasts depending on the country's macroeconomic conditions and the performance of the regulation of the electric sector in addition to other variables. Therefore, they may change. Also, we would like to remind journalists who wish to ask questions that they can do so by email, sending them to the company's press office. And to present Energia's performance in the fourth quarter in the year of 24, we have Mr. Eduardo Takamori, Chief Financial and Investor Relations Officer, and Rafael Bozio, Investors Relations Manager. Good morning, everyone. I would like to start with the highlights. And before talking about that, I would like to remind you that we had excellent results in Engie Brazil Energy, demonstrating that our strategy has worked really well. We're all familiar with the very challenging context we're going through. In the first slide, we talk about the operations. And here, in the highlights, we can see an early entry into operational projects under construction. And in ASUSol photovoltaic complex, we reached 25% of the installed capacity under business operation. in 24 we were able to have 1.2 giga of insult capacity 9.6 of investments demonstrating our capacity to have operational projects implementations with excellence and asus saw And in Asura, we had significant anticipation. Of course, everything is within our budget, and these are long-term operators. And the second highlight I would like to make here on the upper right side is regarding the gross energy production, which increased 24% when compared to 23%. We've reviewed it. As we all know, containment reached approximately 9% of wind and solar generation in 24. But this is extremely diluted and neutralized by the generation of our total portfolio. It affects only 1% of our total portfolio. And then on the lower left side, we highlight that Fitch Ratings reaffirmed the company's long-term national rating at a triple A for Brazil. This is very important because the company is pursuing new projects quite frequently, And therefore, this rating makes a difference for us. And then finally, on the right side, on the bottom, for the first time, Engie Brazil Energy has become a component of the Dow Jones Sustainability Emerging Markets Index. This is a new name. But it's better known as the global 100 ranking. I will explain about this later on. And then in the next slide, we have our main figures, our adjusted ETIDA for the fourth quarter of 24, had significant increases of a little over 18%. And the highlight here is the accumulated results for 12 years, where it was basically 20%. It is significant. And naturally, an important part of it results from tags and cooperation in early 24 and therefore this was associated to this operation and then what are the main drivers of the very interesting result we had a higher contribution of the generation segment in transmission act well there was an additional increment of 221 million. And the result for equity income tag was 279 million. The adjusted ETDA was approximately 100 million VRLs on the right side of the slide here. And then the format is more or less the same. and the results were higher than 1 trillion BRLs. When we look at the accumulated results for 12 months, we've reached 3.4. We're down to these effects, and that generates more or less a net profit, which is very close to the best cycle. But of course, when we take into account tax result, we had an increase of 4.3 billion BRLs. So ETEDA has contributed. But we had a series of other investments as well, and they're part of our portfolio. And naturally, we have a higher asset base. We have an effect, including ETA and profit, and the financial result is basically the same we had in the previous period. We had an increase in the cost of debt, CDI. It was capitalized. because we have some assets that are under construction. And now we will move on to the next slide, where we will talk a little bit more in detail of our inclusion in the Dow Jones index. So for those of you who are not familiar with it, it is very important. It's a global ranking. And basically, they analyzed 7,690 companies and 800 were eligible for the DJSI emerging markets. We did an amazing job both at home and we were also able to communicate it very effectively. It led to better performances in Brazil in the energy sector, but we're also considered among the best companies in the world. On the bottom, we see the indicators, the emerging markets, And the other highlight, we went back to the corporate nights ranking, and we are one of the three Brazilian companies in this ranking. and also we are the only one which is not headquartered in Europe. In the next slide we talk about quantitative indicators. We had a decrease in our emissions if we compare it over year over year. Regarding health care and safety, despite everything that we're doing here in Brazil with a very high number of employees and the number of accidents, decreased significantly when compared to our results in 23. It makes me really proud. One of the pillars at our company is not having our employees at risk of situations which may cause serious accidents. We also have information on the percentage of women in the workforce. We have increased this share in a gradual and sustainable manner. Out of the total of women in the workforce, you can see the results, which are quite expressive. We had basically a 4% increase when compared to last year in the percentage of women in leadership positions. We had more resources available, and they were associated to tax profit, and so not only did we increase this amount, but in fact we used 100% of the amounts available to us for social responsibility investments. And then finally, on the right side, on the bottom, the number... of employees and the number of engaged people increased around us, between us and the community. In the next slide, we have the operating highlights. You can see the gross power generation, and here I'm going to focus On the left side bar is a total energy generation, and the results accumulated for 12 months. On the bottom in dark blue, we have the hydropower plants, where we had a significant increase. And note that last year, we had a mean GFS of 39, almost, yeah. 38, almost 39. So in the south, where we had a lot of assets, the generation was higher. And in combination, we had a higher generation by hydro power plants. Now, generation by complementary source. In this slide here, you can see that the accrued results for 12 months on the bottom part have the operational wind plants. There was a significant performance increase thanks to structural improvements and availability. we had over 10 percent of increase in the generation we also had an increase in the generation and of course so we had a series of investments which started operating we call this additional scope with the new wind So even though we had the curtailment, there was a significant increase of wind power generation. Biomass was a little lower than last year, and that's because of our current model. For solar energy, there was a higher penalty, and we went down to 48 megawatts, a significant decrease. but we also had new assets in our portfolio both resulting from acquisitions but also because of our asus saw green fields so we had an upgrade we had significant growth complementary generation, increasing almost 10% when compared to the previous year. A little bit more of highlights in the next slide. I will talk a little bit about curtailment and perhaps this is something that deserves our attention, the curtailment effect, the constraint of, also known as curtailment, refers to the request for restriction of generation in wind and photovoltaic plants by the national electric system operator the so-called ons and you can see the results compared to the brazilian average showing that our containment is very similar to the brazilian range we have assets with containment that are much above this amount but we also have others which are below leading our level of containment to the national average when you have the combination of wind and solar energy the combined impact is nine percent for the year of total containment compared to the national results of five. And our portfolio ends up being extremely diluted And this is very important because it shows that we pay our debts, we can absorb these debts. And of course, we are working to deal with this at the origin with increases in new lines, a more efficient management of assets, But at the end of the day, the impact is very limited in our total generation.

will move on.

Good morning.