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Results Presentation FEBRUARY 2025 4Q24
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This material contains summarized information that involves a certain degree of risk and uncertainty regarding business, financial, strategic, and economic trends, among others. It is based on assumptions, data, or methods that, although considered reasonable by the Company, may be incorrect or inaccurate, may not materialize, or may be beyond the Company's control. As a result, the Company's actual results may differ significantly from those indicated or implied in this material. The Company does not guarantee, in any form or to any extent, that the trends disclosed in this material will be confirmed. The information and opinions contained herein should not be construed as recommendations to current or potential investors, and no investment decision should be based on the timeliness or completeness of such information or opinions. None of the Company's representatives, advisors, or related parties shall be held liable for any losses that may arise from the use of or reliance on the content of this material. Legal Disclaimer 2
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Agenda 1. 4Q24 Highlights 2. Energy Market 3. Operational Performance 4. Commercial Performance 5. Financial Performance 6. AES’s Integration 7. Growth Projects 8. Closing Remarks
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..:: 4Q24 Highlights Synergies CapturedBeginning of a New Chapter Improvement of Acquired Assets Leadership in Energy TradingCapital Structure Management Financial Highlights Completion of the acquisition of AES Brasil on October 31st, 2024, resulting in the creation of the 3rd largest generation company in Brazil, with an installed capacity of 8.8 GW and a balanced portfolio. R$ 43.5 million in synergies already captured in November and December 2024. Over a full year, synergies could total R$ 250 million. The Company continuous to make progress in capturing additional synergies throughout this year. Implementation of the performance recovery plan for the acquired wind assets, with initiatives focused on availability, reliability and performance. Cost savings already achieved in debt expenses, with the issuance of R$ 2.5 billion in debentures at a competitive all-in cost of CDI+0.6%. In addition, the renegotiation with Itaú regarding the adjustment of the purchase option value for Guaimbê Holding's preferred shares. 6.2 average GW of energy traded in 2024, with a significant presence in all markets where the Company operates. The segment generated an EBITDA of R$ 202 million in 2024 and an additional margin contribution of R$ 302 million in MtM. Reported Adjusted proforma EBITDA of R$ 889.8 million in 4Q24 and R$ 3.3 billion in 2024, with a cash conversion ratio(1) of 59% in the quarter, reinforcing the Company’s cash generation and deleverage capacity. Accounting Net Income totaled R$ 272 million in 2024. (1) Cash Conversion Ratio = Operating Cash Flow (after Income Tax/CSF, Working Capital, Sustaining CAPEX, and Debt Service) / Adjusted EBITDA. (2) Accounting Net Income only considers AES Brasil results after the closing of the transaction (November and December) 4 Auren Energia reaches a new milestone, with Adjusted EBITDA pro forma of R$ 3.3 billion in 2024.
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Agenda 1. 4Q24 Highlights 2. Energy Market 3. Operational Performance 4. Commercial Performance 5. Financial Performance 6. AES’s Integration 7. Growth Projects 8. Closing Remarks
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4Q24 showed an increase in the volume stored in the SIN reservoirs due to improved flows after 3 quarters marked by a long dry period. ..:: Performance of the National Interconnected System – SIN(1) ▪ The Gross ENA in Q4 2024 was 91% of the MLT, 26 p.p. lower than 4Q23 (117% of the MLT). ▪ However, the Storable ENA was 87% of the MLT, 14 p.p. higher than 4Q23. ▪ The Accumulated ENA for 2024 was 76% of the MLT, 26 p.p. lower than 2023 (102% of the MLT). ▪ The year 2024 showed the worst performance in terms of ENA since the water crisis in 2021. ▪ The year ended with a storage level of 53% in December 2024, compared to 60% observed in December 2023. ▪ After reaching 75% in May 2024, the aggregate level decreased to 44% in October 2024. 6 (1) From the Portuguese Sistema Interligado Nacional (SIN); (2) From Portuguese Energia Natural Afluente (ENA); (3) From Portuguese Energia Armazenável Máxima (EARm). 0 20 40 60 80 100 120 140 160 jan/22 feb/22 mar/22 apr/22 may/22 jun/22 jul/22 aug/22 sep/22 oct/22 nov/22 dec/22 jan/23 feb/23 mar/23 apr/23 may/23 jun/23 jul/23 aug/23 sep/23 oct/23 nov/23 dec/23 jan/24 feb/24 mar/24 apr/24 may/24 jun/24 jul/24 aug/24 sep/24 oct/24 nov/24 dec/24 MLT (GWavg) Gross Observed ENA (GWavg) Observed Storable ENA (GWavg) -0.6 GWavg (-0.9% of MLT) +1.1 GWavg (+1.6% of MLT) -17.2 GWavg (-24.2% of MLT) 58% 60% 75% 44% 53% 30% 40% 50% 60% 70% 80% 90% 100% jan/22 feb/22 mar/22 apr/22 may/22 jun/22 jul/22 aug/22 sep/22 oct/22 nov/22 dec/22 jan/23 feb/23 mar/23 apr/23 may/23 jun/23 jul/23 aug/23 sep/23 oct/23 nov/23 dec/23 jan/24 feb/24 mar/24 apr/24 may/24 jun/24 jul/24 aug/24 sep/24 oct/24 nov/24 dec/24 dec/22 dec/23 dec/24 +2 p.p. -7 p.p. may/24 oct/24 Evolution of Stored Energy – SIN (% Max. Storage Energy(3)) Affluent Natural Energy(2) – SIN (% LTavg)
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Energy demand increased by 1% in 4Q24 compared to 4Q23, reflecting economic growth offset by lower temperatures, compared to the previous year. ..:: Energy Load and Temperature Profile (1) Source: Energy Demand National Electricity System Operator - ONS, including estimates of load served by Mini and Micro Distributed Generation - MMGD and temperatures National Meteorological Institute - INMET. ▪ Temperatures above average in October drove the growth in load for the month. ▪ However, November and December experienced milder temperatures compared to 2023, which impacted the load. ▪ Residential consumption increased by 7% in 2024 compared to 2023. Temperature Anomaly(1) – Oct to Dec (ºC)Energy Demand(1) - SIN (GWavg) 5,3% 7,1% 5,2% 4,8% Total Residential Commercial Industrial Class Consumption Growth (Jan-Dec/24 vs Jan-Dec/23) 80 76 81 8080 83 84 82 79 76 76 77 81 82 81 80 6,7% 6,4% 5,2% 10,4% 8,2% 6,0% 7,7% 5,5% 5,1% 3,8% 0,0% -0,7% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 4Q Year 2022 2023 2024 Growth 2024 vs 2023 7
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..:: Generation Performance by Source and Evolution of the PLD (1) Source: ONS and CCEE. 7 6 6 8 9 10 10 10 9 8 10 10 8 7 7 7 8 9 11 12 15 16 11 9 55 58 60 55 50 44 42 45 48 50 52 52 56 59 62 59 52 46 43 41 40 40 46 49 9 10 8 7 9 12 14 12 13 13 11 11 7 9 7 8 12 14 15 16 17 15 14 13 2 2 2 2 2 2 3 3 3 3 4 4 4 4 3 3 3 3 3 4 4 4 4 5 6 6 6 6 75 78 79 74 70 73 77 78 76 77 81 82 81 81 0 100 200 300 400 500 600 700 - 10 20 30 40 50 60 70 80 90 jan/23 fev/23 mar/23 abr/23 mai/23 jun/23 jul/23 ago/23 set/23 out/23 nov/23 dez/23 jan/24 fev/24 mar/24 abr/24 mai/24 jun/24 jul/24 ago/24 set/24 out/24 nov/24 dez/24 PLD (R$/MWh) Generation (GWavg) Thermo Hydro Wind CG Solar DG Solar Wind Curtailment ConsiderationsGeneration by source, Renewable Curtailment (GWavg) and PLD (R$/MWh) 8 Due to the unfavorable hydrological scenario throughout the year, Q4 2024 was marked by high volatility in energy prices and an increase in the dispatch of thermoelectric plants by merit order. • Although the highest curtailment values were observed in Q3 2024, the reduction in generation persisted in Q4 2024 due to: • Delay in the commissioning of Transmission Lines planned in the system expansion; • Increase in thermoelectric dispatch based on merit order; • Increase of wind and solar capacity. • The financial impact of curtailment on the assets in the Free Energy Market (ACL) was exacerbated due to the increase in the PLD in 4Q24.
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Agenda 1. Destaques 4T24 2. Energy Market 3. Operational Performance 4. Commercial Performance 5. Financial Performance 6. AES’s Integration 7. Growth Projects 8. Closing Remarks
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..:: Auren’s Portfolio Overview HPP Porto Primavera 1,540 MW Ventos do Piauí I, II e III WIND Ventos do Araripe III WIND Sol do Piauí I SOLARVentos do Araripe WIND Ventus e Salinas WIND Sol de Jaíba SOLAR HPP A. Aguiar I 240 MW 13% Ownership interests in self-generation assets Mandacaru WIND Alto Sertão II WINDTucano WINDCaetés WIND HPP A. Aguiar II 210 MW 13% HPP Igarapava 210 MW 24% HPP Picada 50 MW - HPP Barra Grande 690 MW 15% HPP Campos Novos 880 MW 45% HPP Machadinho 1,140 MW 6% 63 MW Cajuína WIND Cassino WIND 1,396 MW HPP José Ermírio de Moraes (Água Vermelha) 500 MWac 500 MWac 386 MW322 MW182 MW 1,022 MW210 MW 237MW108 MW 619 MW Installed Capacity 8.8 GW Hydro 4.7 GW1 Wind 3,2 GW Solar 0.9 GW HPP Barra Bonita 141 MW HPP Bariri 137 MW HPP Ibitinga 131 MW HPP Promissão 264 MW HPP N. Avanhandava 347 MW HPP Caconde 80 MW HPP E. da Cunha 109 MW HPP Limoeiro 32 MW SHP Mogi Guaçu 7 MW SHP São Jose 5 MW SHP S. Joaquim 5 MW Guaimbê SOLAR 150 MWac Ouroeste SOLAR 178 MWac Hydro and solar power plants in the Tietê River basin (1) Considers Auren's own assets in the state of São Paulo (4,198 MW of capacity), in addition to minority stakes in hydroelectric plants in Minas Gerais and Santa Catarina (547 MW of capacity). 10
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Hydroelectric Generation and Physical Guarantee Values (MWavg)(4) Hydro assets energy production reached 2.1 GW average in Q4 2024, 16% lower than the same period in 2023, due to the unfavorable hydrological scenario in 2024. ..:: Operational Performance – Hydroelectric Assets (1) Generation Scaling Factor; (2) Average availability weighted by the installed capacity of each plant; (3) Considers Auren's own assets in the state of São Paulo (4,198 MW of capacity), in addition to minority stakes in hydroelectric plants in Minas Gerais and Santa Catarina (547 MW of capacity); (4) Generation only from Auren's own assets. vs. ANEEL Reference(2) of 93% AVAILABILITY(2) 96% Of Physical Guarantee in 4Q24 GENERATION 96% in 4Q24 vs. 84% in 4Q23 GSF(1) 80% 2.352 2.138 1.902 1.680 1.439 1.555 1.556 1.618 1.857 1.784 2.233 2.175 2.149 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2023 2024 Physical Guarantee 2.062 1.856 4Q24 2024 Generation Generation vs. Physical Guarantee (PG) PG of 2,149 MWavg Installed Capacity(3) 4,746 MW SP MG SC 2,1492,149 11 54% Of the portfolio
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Generation, Potential Generation(2), and Certified Values for P50 and P90 (MWavg) ..:: Operational Performance – Wind Assets Generation vs. Certification RS BA RN PI PE CE Installed Capacity 3,176 MW vs. 93% in 4Q23 AVAILABILITY(1) 94% in 4Q24 vs. 1,1 GWavg in 4Q23 GENERATION 1.2GWavg of P90 in 4Q24 GENERATION VS CERTIFICATION 90% (1) Considers the availability of fully operational assets in both periods (all assets except Tucano and Cajuína); (2) Considers the sum of the total energy generated and the total curtailment volume in the wind portfolio. Wind energy production reached an average of 1.2 GW in 4Q24, a 15% increase compared to 4Q23, influenced by the final commissioning of the Tucano and Cajuína Wind Complexes, partially offset by lower wind resources and curtailment. 1,378 1,3071,370 1,504 1,310 1,434 12 36% Of the portfolio of P90 in 4Q24 POTENTIAL GENERATION(2) 101% 1.234 1.135 4W24 2024 Generation Potential Generation² 636 861 689 882 1.327 1.541 1.713 1.887 2.001 1.520 1.414 1.201 627 826 668 857 1.206 1.346 1.426 1.430 1.521 1.332 1.265 1.107 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2023 Potential Generation 2024 P90 P50
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..:: AES’s Integration – Wind Assets Availability Important progress in the availability of assets when comparing 4Q24 with 4Q23. +2.5 p.p., totaling 92.1%. The company is committed to reaching 95% by the end of 2025. 13 Average Availability of Acquired Wind Assets (ex-Tucano and Cajuína wind assets) 93,0% 87,4% 84,6% 90,8% 81,2% 96,6% 94,4% 89,5% 95,6% 93,6% 88,4% 92,7% 76,7% 97,5% 96,0% 92,1%95% 2,6 9,2 3,8 1,9 -4,5 0,9 1,6 2,5 Alto Sertão II (386 MW) V. do Araripe I (210 MW) Ventus (187 MW) Caetés (182 MW) Mandacaru (108 MW) Cassino (64 MW) Salinas (50 MW) Average Availability 4Q23 4Q24 Target 2025 Variation (p.p.) • In the months of November and December, the Operations and Maintenance area of Auren began implementing the asset recovery plan, as developed during the transition period between the signing and closing of the Transaction. • Cajuína, which was in the process of entering commercial operation throughout 2024, ended the quarter with an availability of 92.8%, showing a significant recovery over the year. • In Mandacaru, the only asset that showed a decrease in availability in Q4 2024 (76.7% vs 81.2% in Q4 2023), there were planned shutdowns of the wind turbines after identifying the need for adjustments during predictive inspection campaigns.
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Jaíba and Água Vermelha VII 100% in commercial operation starting from September 2024, with CAPEX within budget. ..:: Operational Performance – Solar Assets Installed Capacity 876 MWavg Generation and Certified Values for P50 and P90 (MWavg) Generation vs. Certification 189 141 4Q24 2024 Generation 233 254 180 195 90 89 99 111 111 114 129 185 191 184 184 198 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2023 2024 P90 P50 (1) Considers only the parks fully operational in 2023 (Guaimbê, Boa Hora, and Água Vermelha Solar); (2) Considers the sum ofthe total energy generated and the total curtailment volume in the wind portfolio. vs. 100%(1) in 4Q23 AVAILABILITY 98% in 4Q24 vs. 70 MWavg in 4Q23 GENERATION 189 MWavg 14 10% Of the portfolio
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15 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Solar Wind Hydro PLD ..:: Energy Modulation: The Benefits of an Optimal Portfolio The strategy of an optimal generation portfolio, diversified between hydro, wind, and solar sources, combined with a strong energy trading company, generated gains of R$ 58 million and partially offset the financial impact from curtailment. (1) Considers ONS data for curtailment volume; (2) Curtailments due to external unavailability, subject to reimbursement. Auren (standalone) Auren Consolidated (post-AES acquisition) Gains from Modulation R$ 10 million R$ 0.9/MWh R$ 58 million R$ 1.6/MWh Daily Average Generation and PLD Profile (2024) Effect of Modulation and Curtailment(1) (R$ million) Curtailment 2024 REL² Effect of Modulation Net curtailment impact 2024 22 58 -202 -122
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Agenda 1. 4Q24 Highlights 2. Energy Market 3. Operational Performance 4. Commercial Performance 5. Financial Performance 6. AES’s Integration 7. Growth Projects 8. Closing Remarks
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..:: Consolidated Leadership Position in Trading (1) 2024 energy sale. 6,2 5,3 4,5 4,5 3,0 2,9 2,8 2,8 2,7 2,7 Peer 01 Peer 02 Peer 03 Peer 04 Peer 05 Peer 06 Peer 07 Peer 09 Peer 08 1,1 0,1 0,9 0,4 1,6 Regulated Market Retail Wholesale Self-generation Corporate Trading Ranking (1) (GWavg) Operation per Market Segments (GWavg) Above 20 MWavg 1 to 5 MWavg Below 1 MWm Prominent position in all areas of operation. 17
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..:: Energy Balance – Integrated Portfolio Management o ~8.3 GWavg of sales for 2024, a quantity 2x higher than Auren's physical guarantee. o Progress in contracting, with the sale of 205 MWavg for the period between January 2025 and December 2028. o Maintaining a high contracting level in the medium term after the portfolio consolidation. (1) Considers own assets and 50% of the Physical Guarantee of Tucano Holding III, a joint venture between Auren Participações and Unipar Carbocloro. Net physical guarantees of losses from the basic network and GSF in the realized period. Does not consider operations i; (2) Conventional energy sold in Q4 2024; (3) Amount recorded in the mark-to-market of energy purchase and sale future contracts. Balance changes in 4Q24 90% Average contracted level for 2025 to 2028. 63 221 302 819 955 1.644 1.309 8.340 7.176 5.822 5.274 5.011 4.537 3.933 8.277 6.954 5.519 4.455 4.056 2.893 2.623 99% 97% 95% 84% 81% 64% 67% -10000000% -8000000% -6000000% -4000000% -2000000% 0% 2000000% 0 2.000 4.000 6.000 8.000 10.000 12.000 2024 2025 2026 2027 2028 2029 2030-34 Surplus Resource Requirements Contracted Level Consolidated Sales Contracting Level(1) (MWavg) 4Q24 Highlights R$150/MWh energy traded(2) in2025to2028.Average Price NPV R$302 million in additional margins (3) for future periods. 18
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Agenda 1. 4Q24 Highlights 2. Energy Market 3. Operational Performance 4. Commercial Performance 5. Financial Performance 6. AES Integration 7. Growth Projects 8. Closing Remarks
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..:: Financial Performance – Revenue and EBITDA 2.666 3.599 4Q23 4Q24 9.557 11.251 2023 2024 1.019 890 4Q23 4Q24 3.483 3.310 2023 2024 With the acquisition of AES Brasil in October 2024, the numbers are presented in a non-audited proforma view, as if the acquisition had occurred on January 1, 2023, for comparative purposes. • Higher volume in energy traded. • Commercial operation of solar complex Jaíba and wind complex Tucano and Cajuína. Net Revenue (R$ million) Adjusted EBITDA (R$ million) 20 1.535 1.796 4Q23 4Q24 Generation Commercialization 1.417 2.603 4Q23 4Q24 4.908 7.080 2023 2024 Generation Commercialization 5.516 6.089 2023 2024 1.019 954 4Q23 4Q24 52 -31 4Q23 4Q24 295 202 2023 2024 3.345 3.238 2023 2024 • Increased energy purchase costs, driven by higher trading volumes and new contracts to adjust the energy balance. • R$ 230 MM in dividends from minority stakes in hydro assets in 2024. +35% +18% -13%
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..:: Financial Performance – PMSO R$ 43.5 million in synergies already captured in November and December 2024. In a full year, synergies could total R$ 250 million. PMSO (R$ million) 1,900 16,6600 -43,5400 42,4600 -5,400358,4300 360,3300 333,4500 370,5100 4Q23 Non-recurring 2023 4T23 Normalized Inflation Recurring Sinergies Subtotal Growth Net Non-recurring 4Q24 Recurring Synergies: • People: reduction of positions within the structure as part of the integration process between Auren and AES Brasil; • Materials, Services and Others: Scope optimization actions, capturing gains in technology, consulting optimization, insurance renegotiation, travel schedule review, among others. • Growth: variation related to the commercial operation of Jaíba, Tucano and Cajuína, despite the operation of GUD and Esfera. • Net Non-recurring: non-recurring costs regarding AES Brasil acquisition (Office demobilization, legal and financial fees, integration office, and system decommissioning, which were more than offset by one-time savings during the period(1). -7% 21 (1) Includes negotiations of insurance, reversal of variable compensation provisions, and negotiations of O&M (Operations andMaintenance) expenses.
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..:: Financial Performance – Capital Structure Gross Debt Cash Net Debt 8.1 Leverage 5.7x 66% 20% 13% IPCA CDI TJLP Pré IPCA+5.7% CDI+1.1% TJLP+2.3% CDI-0.7% Consolidated Debt Cost Average term ~6 years The incremental cash generation coming from the assets that started operations in 2024 (+1.5 GW) aligned with the AES Brasil’s acquisition synergies will be crucial for the deleveraging trajectory from 2025 onward. Notional Gross Debt Amortization (R$ billion) Net Debt (R$ billion) Net Debt Profile 22 5,4 8,1 2,1 1,5 2,5 7,2 2,6 10,8 Cash 2025 2026 2027 2028 2029 2030+ Others Acquisition Finance Cash 27.0 18.9
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-12,60 94,90 -26,60 -417,60 -277,70 57,40 62,30 -53,640 889,80 527,90 -189,980 Adjusted EBITDA Income Tax Social Contribution Working Capital Sustaining CAPEX Debt Service Operational Cash Flow Projets CAPEX Release of Judicial Deposits Raising Funds and Amortizations Capital Increase (Investments) Share Buyback Acquisiton of Auren Participações Free Cash Flow ..:: Financial Performance – Cash Position Cash conversion ratio of 59%, reinforcing the Company's cash generation capacity in its trajectory of reducing leverage. 23 -6,359 5,853 4Q24 Free Cash Flow (R$ million)
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Agenda 1. 4Q24 Highlights 2. Energy Market 3. Operational Performance 4. Commercial Performance 5. Financial Performance 6. AES’s Integration 7. Growth Projects 8. Closing Remarks
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..:: AES’s Integration – Main Highlights of Integration Process Integration Governance with 27 Areas of Action The integration of processes and systems aligned with value capture will continue to be a strategic pillar for 2025. Processes and Systems Value capture • Each area defined its integration action plan, totaling more than 2,000 registered activities. • 100% of the action plan for November 1st, 2024 “D1” concluded. • In February, Auren concluded “D100” with the completion of all planned actions and the acceleration of actions initially scheduled for later periods. • Of the approximately 200 mapped systems, about 65% have already been migrated or decommissioned to date. • Focus on the SAP migration conclusion until July and the completion of system decommissioning in 2025. • Value capture methodology with monitoring at maturity gates and validation by the FP&A team. • At “Day One”, Auren registered value captures that was planned for 2025. • Wind asset performance recovery plan based on 3 pillars: availability, reliability and performance. • Everyone is highly engaged in synergy capture, with targets linked to the compensation of all teams. 25
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..:: AES’s Integration – Achieved Synergies Since the acquisition closing, significant savings have already been achieved. Wind Assets Turnaround PMSO Reduction Capital Management New insurance of AES’s assets under Auren management: savings of R$ 25 million per year. Synergies of R$ 43.5 million in November and December 2024. Potential savings of around R$ 250 million per year. IT Systems: assured saving of R$ 28 million/year. 88% 92% 95% dec/23 4Q24 Average Availability of Acquired Wind Assets Detailed plan defined and being implemented for each turbine. Issuance of ~R$ 2,5 billion of CDI+0.6% p.y. to pay a debt of CDI+1.65% p.y. Saving of ~R$ 25 million/year. Itaú’s Shareholders Agreement Renegotiation of the update rate applicable to the balance of approximately R$ 1 billion, now at CDI without spread (vs CDI+1.7% previously). Plan for the future: Prepayment of part of the debt, mainly the acquisition finance. Turnaround CAPEX to achieve the availability target of ~R$ 200 million. Target dec/25 26
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Agenda 1. 4Q24 Highlights 2. Energy Market 3. Operational Performance 4. Commercial Performance 5. Financial Performance 6. AES’s Integration 7. Growth Projects 8. Closing Remarks
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..:: Wind Project Cajuína 3 | Greenfield Cajuína 1 Cajuína 2 Cajuína 3 Total WTGs Model Nordex N163 5.7 MW Nordex N163 5.7/5.9 MW Nordex N163 5.9 MW - # WTGs 55 65 19 139 Installed Capacity 313.5 MW 370.5 MW 112.1 MW 796.1 MW Capacity Factor (P50) 52.3% (167 MWavg) 49.9% (185 MWavg) 62.4% (70 MWavg) - COD Feb/23 Jan/24 Dec/26 - Authorization Period 2055 2055 Nov/56 - Contract type of O&M – Full Scope Agreement (FSA) 5+ years Renewed each 3 years 5+ years Renewed each 3 years 15 years + 15 years - Cajuína 3, with 112 MW of installed capacity, has a higher Capacity Factor than Cajuína 1 and 2 due to the characteristics of the terrain where it will be installed. The Cajuína Complex will become a wind cluster with an installed capacity of 796 MW in Rio Grande do Norte. Advanced negotiations for contracting 100% of the asset with a self-production energy contract. 28 Cajuína 1 – WTGs Fase1 Cajuína 2 – WTGs Fase2 Cajuína 3 – WTGs Fase3 Location/City
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Agenda 1. 4Q24 Highlights 2. Energy Market 3. Operational Performance 4. Commercial Performance 5. Financial Performance 6. AES’s Integration 7. Growth Projects 8. Closing Remarks
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Beginning of a New Chapter: Auren is the 3rd largest energy generator in the country with a solid track record of growth and value creation. Winning Generation Portfolio: Auren has a balanced portfolio of renewable sources, with significant gains in modulation. Largest Energy Trader in the Country: With a strategic presence in different customer segments, mitigating risks and generating value. Capture of Synergies: Creation of significant value from synergies with the integration of AES Brasil in the areas of PMSO, operations, and liability management. Quick Deleveraging: 1.5 average GW of additional capacity in 2025 already 100% in commercial operation, along with the synergies from the Transaction, and with an energy portfolio highly contracted contracted, will contribute to a robust and predictable cash generation. Market Outlook: With the growing demand for clean and sustainable energy, changes in the country’s energy matrix, and the opening of the energy market, Auren is well-positioned to take advantage of market opportunities and continue its growth trajectory. 30 ..:: Closing Remarks 30
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Investor Relations ri.aurenenergia.com.br ri@aurenenergia.com.br