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Investor Presentaiton

eneva "The Brazilian energy strategy considers the use of its oil and gas reserves until 2050 to ensure the sustainable development of the nation, since the resources from the collection and commercialization will be fundamental for energy security, economic development and the Brazilian energy transition itself" Source: Ten-Year Energy Expansion Plan 2031 The set milestones consider, in addition to our internal projections with multidisciplinary analytical scope, external sources of sectoral relevance, including the information of the Empresa de Pesquisa Energética (EPE), provided in the Ten-Year Expansion Plan updated annually. According to the last document, which went through public consultation, with contributions received until February 2022, in the period 2021-2031 the consumption of energy per capita is expected to grow at an average rate of 1.9% per year in Brazil. The Plan also highlights the acceleration of the development of the hydrogen market that, with different technological routes and production supplies, may result in business opportunities for the oil and gas, renewable, biofuels, electrical and other energy sources industries. The theme is part of our innovation and R&D initiatives. For the energy transition, the document considers that, under the socio-environmental context, the sector should include bioenergy and renewable energy production initiatives. From this perspective, with the acquisition of Focus, we ensure the diversification of energy generation sources and obtained access to a large customer base of the Free Market. To this end, we have restructured our marketing area to offer qualified and competitive new business models that will enable the monetization of assets and ensure growth and diversification in a profitable and sustainable way over time. It will also allow us to offer customized and integrated power generation solutions to an increasing number of consumers who, in a new market, will gain optionality and will be able to choose their own suppliers. There is an emphasis on the growing need for natural gas in the electricity sector, which plays an important role for the national energy strategy, ensuring the stability of the electricity system in periods of intermittency. Therefore, we will use our logistical advantage to democratize the arrival of gas to regions with less access to energy, promoting more competitiveness to the processes of our future customers and enabling this source as a replacement solution for more polluting liquid fuels, such as diesel and fuel oil. In this context, for the maintenance of a renewable generation matrix, natural gas holds the position of the main fossil fuel enabling the expansion of clean energy generation in Brazil, since wind and solar generations, dependent on the occurrence of wind and sun, are intermittent and, therefore, not continuously dispatchable. ESG principles drive our planning and encompass the decision not to invest further in new coal- generating assets. In line with the Powering Past Coal Alliance commitments made at COP26, we plan to phase-out our coal assets by 2040 as part of the path to achieve our ambition to reach Net Zero by 2050. The process will be conducted in order to minimize as much as possible the impacts to employees of these plants, community and other stakeholders. "Thus, natural gas plays a central role in the security of supply of the Brazilian energy system, a safe intake to be triggered when renewable generation is unable to meet the demand for electricity." Source: Ten-Year Energy Expansion Plan 2031 sustainability report 2021 < 26 > Intellectual and organizational capital
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