Centrais Eletricas Brasileiras S A Eletrobrás : Conference Call 2Q21

Results

Presentation

2Q21

Disclaimer

This statement may contain estimates and forecasts which are not statements of facts happened in the past, but they reflect beliefs and expectations of our

management and may stand as estimates and forecasts on future events according to Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended.

Words "believes", "might", "may", "estimates", "continues", "foresees", "intends", "hopes" and similar

ones are targeted at spotting estimates that necessarily imply risks and uncertainties, regardless of current awareness on them.

Known risks and uncertainties include, without limitation: economic, regulatory, political and commercial conditions at large in Brazil and abroad, changes in interest rates, inflation and value of Brazilian Reais, changes in volumes and standard for use of electric energy by consumers, competitive conditions, our level of indebtedness, the

possibility of receiving payments connected to our receivables, changes in our rainfall and water levels in the reservoirs used to operate our hydropower plants, our

plans concerning financing

and capital investment, governmental regulations existing and future, as well as other risks described in our annual report and other documents registered before the CVM and SEC.

Estimates and forecasts refer only to the date on which they were expressed and we undertake no obligation to

update any of these estimates or forecasts as a result of new information or future events. The future results of operations and efforts of Companies may be different from the current

expectations, and investors should not rely solely on the information contained hereunder.

This material contains

calculations that may not reflect accurate results due to the rounding of numbers.

As a result of the guidelines of Official Letter CVM/SNC/SEP 04/2020, issued on 12/01/20, Eletrobras made adjustments to its transmission assets - RBSE, until then classified as financial assets for contract assets under the terms of CPC 47- Costumer Contract Revenue. Throughout the 2021 quarterly disclosures, comparisons with the 2020 quarters will be properly restated.

2	This presentation may include estimates and forecasts. See disclaimer.

Financial and Operating

Highlights

Financial Highlights (R$ million)

Rol IFRS 49%	7.959	Ebitda IFRS 64%			Net Profit IFRS 439%
5.337					3.276
								2.530
			1.992
							469
					2Q20	2Q21			2Q20	2Q21
	2Q20	2Q21

Recurrent Rol 49%					Recurrente Net Profit 601%
		7.943	Recurrent Ebitda 116%
5.326							4.507
					4.794
			2.219		643
	2Q20	2Q21		2Q20	2Q21		2Q20	2Q21

R$ 1.5 billion	1.0x
Advance payment of dividends	Net Debt/Ebitda LTM
Aug/08
(values ​​from Dec/20)

4	This presentationmay containestimates andprojections. See disclaimer.

Sectorial and economic context

Daily Energy Charge in Brazil 2021 x 2020

MWavg

17.2%

in 2Q21

1/1

16/1

31/1

15/2

1/3

16/3

31/3

15/4

30/4

15/5

30/5

14/6

29/6

14/7

29/7

2020

2021

GSF (%)											PLD (Differences Settlement Price) (R$ / MWh)
					2020	2021				SE	SOUTH	NE	NORTH	584
		123,7% 118,9%										503
105,1%			111,2%
		111,5%								327				336
86,4%			104,0%								80,5%
				95,6%	76,5%
	87,1%				68,9%	62,8%	66,2%	63,9%	63,0%
67,3%					70,1%
															56
Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec

5 This presentationmay containestimates andprojections. See disclaimer.