Companhia Paranaense de Energia (CPLE6) Corporate presentation summary

Integrated business model and operational highlights

• Operates across generation, transmission, distribution, and trading with a 100% renewable portfolio and strategic integration across segments.

• Fourth largest electricity distributor in Brazil, serving 5.2 million consumers with a concession until 2045 and a strong presence in Paraná, a state with above-average GDP and energy consumption growth.

• Transmission platform spans 9.7k km across 8 states, with 96% of RAP renewed for over 15 years and an average remaining concession term of 18 years.

• Generation portfolio is fully renewable, with 6,226 MW installed capacity and 67% of concessions renewed for over 30 years.

• Trading arm is among Brazil’s top 10, with low default rates and a diversified B2B/B2C client base.

Financial performance and capital structure

• 2025 financial highlights: R$26.2bn operating revenue, R$5.5bn recurring EBITDA (21.6% margin), R$2.1bn net profit (8.1% margin), and market cap of R$44.4bn.

• Leverage targeted at 2.8x Net Debt/EBITDA, with a tolerance range of 2.5x–3.1x and convergence expected within 24 months.

• Dividend policy ensures a minimum payout of 75% of net income, with payments at least twice a year.

• R$18bn multi-year investment plan over five years, with R$13.5bn allocated to distribution, R$1.9bn to generation, and R$1.8bn to transmission.

• Consistent value creation post-privatization, with CPLE3 shares outperforming IEE and IBOV indices.

Strategic initiatives and growth opportunities

• Focus on structural efficiency, cost reduction, decarbonization, and portfolio optimization to drive sustainable growth.

• Migration to Novo Mercado with a simplified shareholding structure, equal voting/dividend rights, and increased liquidity planned by end-2025.

• Opportunities for organic growth through auctions, asset optimization, and market liberalization, with significant addressable market expansion expected by 2027.

• Inorganic growth potential from M&A, hydroelectric contract renewals, and consolidation of small players.

• Data-driven investment analysis and disciplined capital allocation underpin robust returns and operational efficiency.