Investor Presentaiton

4th Tariff Reset Cycle Parcel A + 13.96% R$ 1,936m Financial Components ◉ Parcel B 1.27% R$ 176m ☐ Tariff Reset Effect 15.23% R$ 2,112m AES Eletropaulo ☐ Energy CVA including FX rate variation associated with Itaipu ■ CDE charge increase (loans and CDE share) Reduction of AES Tietê's energy participation due to end of contract in Dec/15 ■ Involuntary exposure in 2015 ■ WACC of 8.09% Special Obligations remuneration ■ Opex adjusted to match the concession area's reality 49

View entire presentation