AES Brasil Energia S A : 2Q22 Results Presentation

2Q22 RESULTS PRESENTATION

August 05th, 2022

Highlights of the period

• Start of commercial operations of the first 4 WTGs in Tucano
• First wind turbines foundations ready in Cajuína
• Sale of USD 2.3 million in carbon credits from Mandacaru and Salinas wind complexes¹
• Secured +BRL 950 million funding for the construction of Cajuína
• Distribution of R$53 million in dividends referring to 1H22, 100% of adjusted net income²

2 1 - In July 2022| 2 -Considers realization of equity valuation adjustment

2Q22 AGENDA

Growth and Opportunities

Energy Market Overview

2Q22 and 1H22 Results

Conclusion and Q&A

3

Commercial operation of the first 4 wind turbines in the Tucano Complex (322MW)

Civil	99%
Substation	100%
Transmission Line	2%100%
Connection Bay	100%
WTGs	259%

Project

77%

Completed¹

Assembly, Commissioning and Testing Status

100% of		34/52	18/52	12/52	4/52
equipment
on site	Up to the	Complete	Commissioning	In commercial operation
nacelle	Structure	process

4	1 - Based on the physical-financial curve (incurred capex on the total project capex, weighted by the physical progress schedule of the project)

Progress of civil works in the Cajuína Complex (695 MW)

Caju Substation

Foundations

5Foundations

Cajuína 1	Civil	42%	Project
	Substation	28%	19%
	Transmission Line	2%17%
	Connecting Bay	35%	Completed¹

Active management of construction evolution

• More than 1,367 people are currently involved in the construction
• Increase of power efficiency of the wind turbines from 5.7 MW to 5.9 MW
• Start of WTG assemblance expectation: 2H22
• PPAs from 2023 to 2044 contracted with first-rate clients

Cajuína 2: start of civil works (14% completed) - commercial operation expected in 2H23

1 - Based on the physical-financial curve (incurred capex on the total project capex, weighted by the physical progress schedule of the project)