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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 63 FINANCIAL AND OPERATING PERFORMANCE Operational and economic-financial indicators HPP São Simão (R$ MILLION) 2022 2021 Net operating revenue 1,868 1,992 EBITDA 1,481 1,667 Operating expenses and costs -397 -331 Net income for the year 607 716 (R$ MILLION) 2022 2021 Net operating revenue EBITDA 79 69 56 45 Operating expenses and costs -34 -32 Net income for the year 33 20 $ We ended 2022 with positive results. Amid rising interest rates and soaring inflation, fueled by the troubling conflict in Ukraine, we were impacted by rising equipment prices and administrative costs, at a time of company expansion and construction of new projects. Despite this unfavorable situation, we posted net revenue of R$ 1.95 billion and recorded an approximate net profit of R$ 214 million, higher than the previous year. We posted net revenue of R$ 1.95 bn in 2022. Our flagship asset, HPP São Simão, performed well and maintained sound financial results, boosted by the refinancing of its debentures. The excellent operational performance was also noticed in the review of the Annual Generation Revenue (RAG) Cycle 2022-2023, with a positive added value. This was the first cycle in which the plants from Auction No. 01/2017 had the Unavailability (Ajl) or Assessed Performance Adjustment factored into their revenues. In 2022, the plant's risk rating assigned by S&P Global Ratings was reaffirmed as brAAA/Stable. The agency also renewed the triple A rating of the 1st and 2nd senior unsecured debenture issuances under the operation. Wind Farms SPIC Brasil (R$ MILLION) 2022 2021 Net operating revenue 1,947 2,061 EBITDA 1,314 1,558 Operating expenses and costs -430 -372 Net income for the year 214 212
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