CPFL Energia (CPFE3) Investor presentation summary

Corporate structure and governance

• Majority owned by State Grid Corporation of China, holding 83.71% stake, with diversified operations in distribution, generation, transmission, and services.

• High-standard corporate governance with a robust board, advisory committees, and compliance structures.

• Board and executive team feature extensive experience in the energy sector and finance, with a mix of independent and controlling shareholder-nominated members.

Business profile and market position

• Leading utility in Brazil with a diversified portfolio across distribution, generation, transmission, and commercialization.

• Largest energy distributor in Brazil with 13% market share, serving 10.8 million customers in 687 municipalities.

• Among the largest renewable generators in Brazil, with 4.1 GW installed capacity, 100% from renewable sources.

• 9th largest transmission company by annual revenue requirement, with 11 operating projects.

Operational performance and innovation

• Energy sales and customer base have grown steadily, with 1.1% and 1.6% annual increases, respectively.

• Delinquency and energy losses are managed through intensified anti-fraud actions and technology upgrades.

• Quality indicators (SAIDI, SAIFI) show strong performance, with most sets within regulatory limits.

• Major investments in grid automation, ADMS, and smart meters to enhance operational efficiency and customer experience.