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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 56 Advancements in modernization Created in 2019 with the goal of modernizing the plant, the 'Future Mission' project continued in 2022. To support progress and ensure management efficiency, we restructured the Board responsible for monitoring actions, including a new Contractual Management department that alongside the Engineering and Execution team will share responsibilities and guide the processes. Among the steps already completed through the initiative are: • Completed installation of two new step- up transformers and their respective fire protection systems. Four out of the power plant's six transformers have therefore already been modernized. The remaining two will be installed by 2025. This stage brought more security to one of the most critical components that caused undesirable unplanned interventions in the plant; • New hydraulic units installed at the water intake and spillway, in addition to modernizing existing hydraulic units, boosting the system's reliability; Modernizing three radial floodgates of the spillway, including the starting system, which now allows us to operate and monitor the floodgates remotely from the control room, something that used to be done locally; • Modernization completed of the spillway's stop logs. MODERNIZATION OF SIX GENERATING UNITS The shutdown of the first generator unit at HPP São Simão is scheduled for July 2023. In 2022, we structured all the necessary plans to modernize the six generating units of the plant, including detailing activities, implementing projects, commencing the purchase and manufacturing of equipment and mobilizing the companies that will carry out the disassembly and assembly work of the first unit to be modernized, whose shutdown is scheduled for July 2023. We also initiated the renovation of the stop logs and manufacturing of the stator, completing the infrastructure needed by the team that will lead the new phase, including the construction site, water treatment facility and electric power network. Additionally, we set up a new gate for the entry of trucks and equipment. The project will be carried out by the HPP São Simão Modernization JV, formed by GE Renewable Energy and Powerchina Brasil. This process is forecast to be completed in 2029. Until then, we will continuing other improvement actions that will support operational continuity until the end of the process.
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