Investor Presentaiton

Revenue follows the lower cost with Parcel A Gross Revenue (R$ million) 24,566 611 20,510 803 10,898 8,850 Costs and Expenses (R$ million) 12,093 2,209 10,123 2,442 9,884 7,681 2,430 2,490 630,70 584 1,799 1,906 2016 2Q16 2Q17 13,057 5,261 5,249 10,857 180 239 2,090 2,210 2,991 2,800 2015 2016 2Q16 2Q17 2015 Construction Revenue Net Revenue (ex-construction revenue) Deductions to Gross Revenue AES Eletropaulo 1. ex-Construction Costs and Depreciation and Amortization. Opex¹ Energy costs and sector charges 38

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