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Investor Presentaiton

SPIC BRASIL About SPIC Brasil Our energy comes from multiple sources Vision-driven progress Safety is the foundation of care GRI Summary 49 Smart energy GRI 3-3, EU8 Transformational improvements encompass studies and the development of new business models, productive capabilities and technologies that can drive our energy transition process. We have two main projects underway that foster research and advancements in smart energy: • Research in green hydrogen and ammonia: we have partnered with the Brazilian Power Sector Research Center (Cepel) to develop a conceptual project for an integrated plant fueled by green hydrogen (H2V) and green ammonia. The goal is to identify more viable ways to produce H2V, a zero carbon and 100% sustainable fuel obtained through the electrolysis process, which uses water to produce green ammonia, a sustainable product with several applications being studied. In 2022, we defined the multipurpose plant model and completed the detailed plans of the subsystems. R$ 400,000 was invested in the project. For 2023 we aim to incorporate the expertise gained in structuring a base of goals and indicators for the next research cycle. • Green hydrogen pilot plant at HPP São Simão: development is ongoing of a green hydrogen manufacturing plant powered by a photovoltaic solar power plant, on land and floating, to be installed at HPP São Simão. The progress of the initiative is directly related to research with Cepel. In 2022, we secured the license to roll out the pilot project from Ibama and the National Water Agency (ANA). We also carried out the technical feasibility study, defined the basic plans and analyzed the investment conditions. R$ 300,000 was invested in the project. Including the transformational improvements, we invested a total of R$ 700,000 in 2022. In total, we invested around R$ 6.3 million in research, development and innovation projects and reinforced our overarching goal of fostering and supporting renewable energy initiatives and fueling a low-carbon economy. In 2022 we invested roughly R$ 6.3 million in research, development and innovation projects.
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