Good afternoon, everyone, and welcome to the video conference of the results of the fourth quarter of 2021 of Energisa. This video conference is being recorded and will be available in the IR website, where we have available this presentation as well. Should you need simultaneous translation, we have this tool available on the little globe icon called Interpretation in the lower portion of the screen. Upon choosing that, choose your language, Portuguese or English. If you choose English, you can silence your original audio. If you touch upon original audio muting. Q&A should be sent via the icon Q&A upon the lower portion of the screen as well. Your names will be announced, and your question will be made live. Then your mic will be enabled. Considering that some speakers are remotely speaking, instability may happen during the presentation, impacting the responses, especially during Q&A. We count on your comprehension and understanding. The information that you have here and declarations that the statements made during this presentation concerning perspectives, projections, and operational projections are based upon forecasts and premises of the company, as well as upon available information, which are not an assurance of results because they depend upon future events, circumstances that may or not occur. Investors may understand that general conditions, market, and other operational factors may affect the future unfolding of events at Energisa. Take into consideration future considerations. Now, the floor is with Mr. Botelho, Director of Finance. At this point, Mr. Botelho has the floor. Thank you. Good afternoon, everyone. It's my pleasure to start this conference of the disclosure of the results of the fourth quarter. I have Roberta Godoi, the VP. Alexandre Ferreira of Regulation as well. VP João Aurélio, responsible for grids. Mr. Tovar, corporate finances, and Mr. Fernando Maia. Rodrigo Santana is a Regulatory Strategist. You will note during the presentation, page three, a summary of the main events of 2021 and that affected the early days of 2022. Let's go to slide number five. That one. What we see here is that the states, thinking always 2021, has advanced 2.5-fold compared to previous years. Energisa Paraíba, South-Southeast, and Tocantins are highlighted here, especially when it comes to textiles, metalwork, minerals and non-metallic ones. Industrial was the flagship, 4.5-fold. A comparison that is unequal because 2020 was the most intense period of the pandemic. Textiles grew 1.7-fold, motivated for the opening of shopping centers or reopenings. Rural was a little shyer, depending upon climate situations, especially over the last quarter, especially in Mato Grosso state. If we have a comparison here with without the effect of the pandemic, 2019, we have a four-fold growth. Next slide, number six, please. We have the performance of the fourth quarter, 2.6-fold compared to the previous year. I'd say here that they are anomalies compared to other years. The fourth quarter had peaks of consumption, and what happened in 2020 was expressive. A drought that was of extreme proportions, high heat. We had little rates of rainfall, and it impacted most regions of Energisa, especially Central West and North. Impacting as well in this quarter, the reading calendar that was lessened and the agribusiness. Household consumption dropped a little. The fourth quarter was quite high, and it's directed under the same impact, the rural segment, with less use of prepaids. The commercial segment, we had extreme temperatures in the fourth quarter of 2021. Likewise, it happened in 2020. We had seven-fold here. If you see minerals, metallic and non-metallic, we have Tocantins, Minas Gerais, and Southeast. The performance was more modest and shyer than 2020, when the demand was quite high, according to that moment. Slide number seven now. I would like to open a parenthesis here, a comparison. This universe shows that since 1995, or in other words, 17 years, the potential of growth in this sector in Brazil. On average, Energisa grows 2.2% above the national average. Only in two moments over 17 years, we had negative numbers. Given the factors that we have mentioned here, and for the fact that the pandemic took some time to actually be accounted for within the results. We actually accounted for that a little later than it actually happened. Energy losses. Congratulations to the team of Energisa in this sense. The indicator is in around 18.9%, 0.85 percentage point compared to previous years. A great evolution. AC and Rondônia were acquired in the end of 2018, and at a certain point, the indicator was below the regulatory rate. In 2021, it was - 0.7. 2020, by the end of that year, that indicator was 0.60 percentage point above the regulatory rates. Energisa Rondônia, a reduction that is rather expressive, 2.1, 2.41 percentage points, reaching, in 2021 and 2020, 4% above the regulatory framework or threshold, in other words. The previous point was, like, 21.13% in the evolution of the indicators of losses or liabilities of the group. We see here, it's important to emphasize that we have a strategic plan to make up for the previous year's liabilities. Here I highlight the indicators of quality. We have expressive in DEC hours and DEC regulatory, Tocantins and Rondônia. In both DECs, the best results by far. You see the numbers expressed here, 1.23 ahead 2020, 9.75 in FEC, the second graph, and you see that only one was below the regulatory framework. It's actually an accomplishment of that region. Our 11 concession areas are below the regulatory point and are in their minimum levels historically speaking. Slide number 10 now. We have default. We closed or we sealed the years with 12 less, and in the previous years, it was around 20. We have defaults. We have debtors and creditors compared here in the fourth quarter. We have an increment here, BRL 47.4 million, jumping on to BRL 384.4 million in 2021. Next slide. Financial highlights. Next, please. We can see the PMSO here remains stable. Pre-pandemic here with a nominal face value reduction here in the accrued numbers. When compared to 2020, we had an increment of 11.2%, 1 percentage point above the flash inflation. The basis was very low. Energisa worked hard to cut costs. Probably the best company in this sector to have cost cutting or at cost cutting. EBITDA that has to do with the company as a whole, BRL 628 million in comparison to the fourth quarter of 2020, reaching a total of BRL 1.7 billion in the period. Those developments with the increment of parcel number three, an increment of BRL 2.2 million, including adjustments and tariff, inflationary tariffs, non-recurring numbers. We have PPAA related to Rondônia, 55.9%, and some labor related agreements. EBITDA cash flow wise had a growth of 37.6% and reached the point of BRL 1.3 billion. The accrued annual BRL 6.6 million, or in that order, BRL 2.6 million above the same period in 2020. Without a doubt, BRL 1.75 million or 55% in growth or in that order. Next slide, please. Number 13. We are not going to talk here about the regulatory EBITDA. With the highlights here, latest acquisition, Rondônia. Energisa was doing quite well here with BRL 227 million after having had an EBITDA that was negative in 2020. Year by year, we are growing, reaching the regulatory level. We've talked about a lot this level. It has gone above 44.9%, BRL 77 million, and it has reached BRL 156 million. These companies are changing and firm in the trajectory to deal with the performance, to add to the performance. Net revenue BRL 583 million, 203.4%. That means that in the previous years it was BRL 192 million, 90.9% growth in the accrued. BRL 146 million more than 2020 in the same period. Considering adjustments, subscriptions and fiscal credits, that was accounted for in the for the first time in the state of Acre, among other effects in the cash flow, it had a growth of BRL 708 million, 67% growth without the non-recurring events. Next slide. Let's talk about debt, the indebtedness. In the fourth quarter, we had a level of BRL 15.2 million, an increment of BRL 576 million compared to September 2021. The company had many operations of rolling over deadline extensions with the last quarter with BRL 2.6 million. Following here, as you can see here in this graph, a position of cash flow, rather robust, that is expressed in blue here, compared to the BRL 6.6 billion in September 2021 and BRL 6.9 billion in 2020. In this slide, we have the indicator of leveraging EBITDA for effects of covenants. It's been improving with a reduction of 0.8x, comparing this indicator of EBITDA, our covenant in net investment is 4.25x. A lot of flexibility to keep on going with our efforts for acquisition and growth. I would like to reinforce here, going into acquisitions that we disclosed in February, the regulatory agenda is still undergoing approval with a net debt of BRL 1.7 billion, long term, very competitive. This operation will have a pro forma increment of 0.3x compared to the net debt to EBITDA indicator. Investments, BRL 4.2 billion, very robust, 52% more than 2020, and 32.6% compared to 2019. In 2020, on account of the pandemic, we had some cuts, we had some reductions. This increase happened in energy assets, growing 88.8% annually, and investment 73.6%, conditioned for concessionaries, and considering here the ones under construction. Non-regulated ones, we had BRL 326 million. BRL 191 million were leveraged, invested in photovoltaic power plants with a capacity around 78 MWm. Investments. The plan for investment for 2022, it's record BRL 6.8 billion, BRL 3.8 billion dedicated to concessionaires. BRL 1 billion will be for the generation of distributors. BRL 156 million for other concessionaire. Other investments in the order of BRL 154 million, BRL 3.8 million, BRL 2.6 billion to concession, the concessionaires of Rondônia, Mato Grosso, Mato Grosso do Sul, and Acre. These different states. BRL 677 million, 3.3% to Acre, and 26.2% to Rondônia State. Distributed generation. EDC, BRL 1 billion encompassing the acquisition of Vision at the end of January. A total of 41 units of solar sources. 46 peak MW between 2021 and 2023. I think this is important at this point, that Energisa has been positioned strategically since the acquisition of Mato Grosso do Sul in 2019. The line is something that we have brought into the mix so that we can have the legal framework, making sure that it's all in place. By 2024, we want to add 460 peak MW. Distribution, BRL 362 million, 6.5% of the total of that value. That encompasses Tocantins 1, BRL 224 million, and Amazonas 1, that will have BRL 75 million. Next slide, transmission. A segment that has had major relevance in the group. In terms of risk and distribution, I have the enterprises in Greenfield. It's very challenging. Since 2021, we are working on projects and investing a total of BRL 1.7 billion, 57% or BRL 2.9 billion, BRL 821 million only in the year of 2021. In December of 2021, we had the project, Energisa Pará II. Two months before the energization date, it was ready. We have the record of 91.39% of RAP of BRL 39 million. This delivery ascertains the use of CapEx and the good management and potentializing the return on investment to our shareholders. All investments are in the program, and we have premises of anticipation of CapEx in all investments. I would like to point out that we are the winners of Lote 5, a substation in Amapá state. Investment BRL 122 million, 3.2% RAP. This investment is part of the constructions for the servicing of Macapá and will bring more trust. We have the signature of the concession contract by the end of March. Next slide. M&A transmission, in other words, mergers and acquisitions. Two transmitters, one in Amapá and one in the region of Rio de Janeiro, Gemini, and the acquisition of GPTE. This total of investment, BRL 924 million. Let me see what else here. Just for numbers, Gemini has 1,400 km. The other substations in average 3,630 km. Energisa Paranaíta, the total of operational revenue will be BRL 364 million. As I mentioned before, we are undergoing the process of approval along with CADE and ANEEL, the regulating organs. This is revenue-wise concerning transmission. Four projects, four that are operational, three are undergoing construction. After Gemini, we'll have eleven concessions in our portfolio. Pro forma BRL 175 million plus the Amazonas 1, partially ready and Pará II, and GPTE acquisition in February 2022. For 2021, the RAP of the company was BRL 124 million. BRL 100 million Pará I and RAP BRL 122 million. We had some areas that were ready beforehand with bringing the RAP to around BRL 130 million. Now we are, besides Amazonas and that region, focused on the projects having them ready beforehand, and that can be an advantage in something that will bring back many of our shareholders. If we think all together, including Gemini, we'll get to BRL 676 million RAP pro forma 2021-2022. On that note, I would like to close this presentation and open for Q&A. Now we start the session of Q&A. We ask you just all at once and wait for the response for the company. Use the button Q&A and write down your questions. Your names will be stated so you ask your questions live. When it's your turn, your mic will be enabled. Please hold on a second while we have the questions together. First one, Guilherme Lima, Analyst, sell-side. We'd like to enable your audio so that you can keep going. Good afternoon. The first one concerning the RAP for 2022. We would like to think about the tariff rates and distribution, how is that evolving along with the regulator and how we can do that without underwriting company? I'll divide the response in two here. Alexandre will help. About the first part, Mr. Gioreli will respond. Good afternoon, Guilherme. Mr. Gioreli, I stand corrected here. Not Giordano, Gioreli. Compared to 2021, there was an increase. Fo r comparing to 2022, there is an effect of tariff levels that changes the revenue. 2020 was rather dry due to droughts. 2020, as Maurício mentioned, affected our capacity. All in all, it was those effects that affected. We are looking for a search for reduction. We have COVID and many other points that are challenging us as per the international scenario. Other than that, it's Alexandre. Alexandre, I think you can go on to the second point. Good afternoon, Guilherme. Concessions-wise, that is a subject that raises questions in the market. This morning, we had a feedback from a meeting that we had with some investors from the ministry that is responsible for the renewal of the concessions. We believe that this is a theme that is evolving. We do not believe in having a burden in any of our clients. The ODL, which is our next battle dragon to slay, if you will probably help us have this indicator indicate values without this burden that you speak of. Thank you all. Our next question is by Daniel, Analyst, sell-side. Daniel, we are enabling your audio so that you can continue. Hi, everyone. Thank you for the opportunity. We have two questions. Distributed generation qualitative. Do you have a CapEx? Actually, you have a CapEx that is rather high for 2022. That's caught us by surprise. I would like to think in terms of the future, if that keeps on going that very same way for the next years. The second question, more quantitative. If you could actually share with us the level of CapEx per megawatt installed that you see in the distributed generation. If you could tell us in terms of ROI in that sense. Daniel, it's a pleasure to have you here. It's understandable that you are surprised. It's our role to surprise you positively, that is. That must continue in 2023. As we mentioned, we want to add around 460 peak MW with updating of prices. Roberta, if you would help me. Please, bear with us. The rate of ROI is certainly above distribution. I wouldn't like to talk numbers here, but it is above our ROI in the order of 5 peak MW. Thank you. Thank you for your answer. I remind ourselves again that you have to ask your questions on Q&A in the lower portion of the screen. Your names will be stated, and you will ask your question with your mic enabled. Our next question is by Adelia Souza. Adelia, we are going to open your mic so that you can go on. Please, floor is yours. Hi, everyone. It's a question that is rather brief. I'd like you to help us see a scenario in the beginning of 2022, you have the default that had changes that were rather drastic from early 2022 compared to the previous quarter. When we look at the mass monthly analysis, you had some recovery. I would like to understand a little how this dynamic is foreseen for the early part of this year. Thank you, Adelia. It's a pleasure to have you here. Typically, there is a recovery in December due to the campaigns that take advantage of the 13th salary that happens at this point. We have also taxes in general, car taxes, children's schools, and you see other expenses this February, especially on the 25th of February. Carnival was a bank holiday and you see an abrupt drop in early February. In early March, actually, I stand corrected. We are going towards the end of the month with a recovery compared to the early months. It's a trend that we have to fight to have it above a little more, but we are working actively on that. Now, when it comes to the escalation, the increase of tariffs and the scenario compared to the average of the population, are you concerned with the DBPV of this year? We have inflation, we have a scenario that is concerning. Now, nevertheless, on the other hand, we have sectoral loans that actually helps soften the impact of these problems. We'll probably move on to the green tariffs, green flag tariff that helps. It is a concern if we would have a continuity or a constant high level of inflation without the population able to recover from that. That would be a concern. Otherwise, no. Thank you, Mr. Maurício. Thank you. Our next question is by [Fernando], buy-side analyst MoS. Fernando, you're going to open your audio so that you can keep going. Please go on, Fernando. Thank you, and good afternoon to all. Maurício, to you and the team. We are going back to the theme that we had before, the situation of the post-BNDES. Would you have anything to say in that sense, if anything has changed in that theme? The second question, if there is any subsidiary events foreseen for the future. If you have any idea concerning structure and distributors, if there is anything in terms of housekeeping foreseen for the near future. I'll go backwards here in the answers, starting with housekeeping and societary structures. Tocantins, you have an idea of the others are rather small compared to that one. You could have a comparison, but there aren't concerning levels. There isn't anything planned as a priority. Someday, you never know, but not for now. Tocantins depends on the states trying to give away their sócios, societário or shareholding position, or giving up on that. The conditions for the decision of the bank. We have dates. We're anticipating the declaration of the dividends. This is the last declaration of dividends to determine the quantity of shares for August. The conditions are established, as you can see. This volatility of the market, especially lately with the crisis of the Russia-Ukraine war. I think we will do something in the long term, but I haven't heard anything in terms of movements imminent at this point to change that. If we have the markets constantly improving, this project will anticipate the subscription. We have to have subscription of shares, and it depends on them as well to help liven the movement of shares. Thank you. In order to ask questions, you should use the Q&A button in the lower portion of the screen. Your name will be stated, and then you'll ask your question live. If we do not have any more questions, I would like to pass the floor to Mr. Botelho for final considerations. I thank you all for being with us on this fourth quarter presentation of results. We certainly will improve all distribution stations. Rondônia will certainly improve, and we'll have improvements to present in the first quarter. I bet on the expansion of results now at do Sul and other solar energy and other businesses that we are looking at here. On that note, I'd like to thank you all. Have a great afternoon. The video conference referring to the fourth quarter of 2021 is now adjourned. The board is available to answer questions via email. Thank you, and have a great