Please be welcome to the second quarter 2022 earnings conference call from Energisa. We inform you that this video conference is being recorded and it will be available at the company's IR website, where the presentation will also be available. We highlight that for those who may need simultaneous translation, the tool will be available in the globe icon written interpretation located at the bottom center of your screen. By selecting it, choose the language you prefer, Portuguese or English. For those that are listening in English, there is the option to mute the original audio, clicking Mute Original Audio. For the Q&A, we suggest that all the questions must be sent via the Q&A icon located at the bottom of your screen as well. After the presentation, your name will then be announced and your question will be made live. In this moment, a request to activate your microphone will show up on your screen. Considering that some of the panelists will be remotely on this call, instability may occur, taking impact on the response time, especially during the Q&A. We count on your comprehension. We highlight that the information is contained in this presentation and the eventual statements that may be done during this call related to business perspectives, projections, and operational and financial goals of the company, they are beliefs and expectations of the company's administration, also relate to the future. The following statements are not proof of performance because they are linked substantially and market conditions happen. They depend on other factors that may happen or not. The sector performance from Brazilian economy, among other factors, also about the risk presented in the files of the call. They may affect the future of Energisa. In these future considerations, it may change. Now I'd like to call Maurício Botelho, financial director and investor relations of the company to start our presentation. Maurício, please go ahead. Thank you. Thank you, everybody. Good afternoon to all. It's a pleasure for me to start on this earnings conference call from Energisa. Now, referring to the second quarter, we have here with us Ricardo Botelho, CEO of Grupo Energisa, the Vice President of Regulation, Daniele Salomão. Vice President Miguel Angelo Souza, Vice President of Networks. Just a second. It looks like my audio is having some issues. Just one second. Yeah, I hope it got better. Keep moving on. We have the Vice President of Regulations, Alexandre Ferreira, and the Director of Regulatory Affairs. We have Rodrigo Santana, the Regulatory Strategy Director. Another highlight is on the public power that presented a record on growth numbers, about 28%, compared to the last year. With all the distributors presenting a two-digit growth, the takeaway on residential activities, mainly on education and judiciary, it was determined. Talking about the residential classes and on the farms, that together they represented 47% of consumptions. They had a reduction of 0.8% and 10.6% respectively. Both classes, they were affected by a smaller time calendar to work and with the weather as well, especially on Central West, Southeast and Northeast. Their farming area was affected with the smaller utilization of watering with the rains above the average, and with also the reduction of the number of clients that they were reclassified to the residential classes because of ANEEL. Accumulated consumption of this semester, the growth was about 1.9%, with the highlight being Energisa Rondônia, with a growth of 7.3%. We have to say about losses of energy. This is slide six, where for five quarters in a row, we are below the regulatory standards. Energisa ends the quarter with energy losses of 12.71% or 0.49 percentage points if we check out on the 13.20%. Despite the losses that we had on June 2022 comparing to March 2022, but we have improvements for 24.8 gigas comparing June 2021. Only two distributors had an elevation, Sergipe and Mato Grosso, comparing to the second quarter of 2021. I must say that we had a variation of 0.19 percentage points of electric loss increments happened on Mato Grosso. It was caused mainly because of the increase of temperature at the end of June. That increased as well the energy requested without the same effort. We expect this seasonal effect may be compensated in the next months, working together with our combat to energy losses. For the distributors from Acre and Rondônia, the results were excellent. We had a reduction on the losses of 1.71 and 1.33 percentage points respectively, comparing to June 2021. Energisa Acre is already below the regulatory limit, and Energisa Rondônia is also on this reduction trajectory, being 0.74 percentage points above the regulatory limit. Please let's go to slide 8 about the quality indicators. All these numbers, these factors, they had amazing developments. All of them below the regulatory limits of DEC/FEC, with exception of Mato Grosso, because it was impacted of weather conditions that were contrary on the last quarters. Presenting, despite of this, an improvement on this second quarter comparing to the first quarter of 2022. I must highlight as well that Rondônia presented the historic minimum for the indicators of DEC/FEC, being below the regulatory limits, besides Borborema, Acre and Paraíba, that had these historical minimum numbers with effect. This continuous improvement of indicators of quality, it was determined to that Energisa, that they would use to conquer the ABRADEE, the Prêmio ABRADEE prize for the concessions below 500,000 consumers and for above 500,000 consumers. With evolutions in many other concessions of Grupo Energisa as well. Now we're going to the financial highlights. We're gonna talk about the manageable costs. You can notice that our PMSO had an increase of 4.5% comparing, on a comparison between quarters, far below the inflation on this period of 11.9%. We must look at the improvement of the price of commodities. It affected the line of materials. It would be even bigger on the cost increase. We highlight the fuel numbers and lubricants with higher numbers. Let's talk about the inadimplência. We end with the number of 1.38% compared on these last twelve months, compared to 0.43%, compared to the same time last year. An increase of 0.95 percentage points compared to the same time. It's important to highlight that in these last twelve months, ended on June 2021, it counts the effect of the non-recurring effect of the reversion. Because of the initial PCLD of BRL 95 million, we made a benefit. On this slide as well, we present the provision amount on the quarter, the provision for credits, that had a number of BRL 116.6 million. It's a reflection of mainly the increase of the PPSC deal and of the distributors. What can we explain with the increase of the ticket of the bills that enter the provision and the reversion as well, that happened on the second quarter of 2021, if we just compare with the next year. On the next slide, we're gonna talk about EBITDA. We had an evolution of 22.2% or BRL 307.9 million comparing to the same quarter of last year. We achieved a number of 1.7 billion BRL on this quarter. If you could check the six-month period, the evolution was about 28.8%. We had the number of 3.5 billion BRL. About the recurring EBITDA, the growth was 2.8% on the quarter and 23.4% on the semester. The growth of BRL 308 million on EBITDA this quarter, part of it is explained with the increments of BRL 134 million of the VNR between the trimester, and this is BRL 233.8 million on the second quarter comparing to BRL 99.8 million on the second quarter of 2021. I must highlight as well the recurring EBITDA and talk about the last twelve months. If you talk also about the even the second quarter of 2018, we got an annual growth number of 30% by year, if you check this. We say about the revenue, liquid revenue. In this quarter, it was about BRL 990 million, 31.1% bigger than the BRL 749 million registered on this amount last year. If we adjust about the non-recurring effects, this quarter represent a reduction of 15.7% and growth of 11.9%, if we compare this on the semester. About the derivative markets, most of it influenced by the sufficiency bonus. We've registered a number of BRL 398.2 million positive compared to the number of the last quarter of BRL 114 million. If you check on the right side of the slide with the non-recurring numbers of VNR, it ended. It helped on BRL 104.5 million. If you check on this number as well, 256, and check about transmission and other effects, it's gonna be around BRL 15 million. When we go to slide 14 about the investments, the total was about BRL 1.6 billion, an improvement of 76.2% compared to the BRL 990 registered in the second quarter of 2021. The distributors, they being the main segment that's about the investments of the group, representing 70.3% or BRL 1.2 billion, with all the amount invested in the second quarter of 2022. We highlight as well the investments we made on the Parque Solar Rio do Peixe on Paraíba. We have an expectation for this to start in September 2022, with a small capacity of 17 megawatts peak. Ninety percent of this plan is commercialized on the open market in contracts to 3-5 years. If we follow up with the investments on the generation segment, we had a number of BRL 179 million on the second quarter, a growth of 184.1% compared to the second quarter of last year. Right now the installed capacity is from 96.2 megawatts peak on a total of 33 users connected. If you talk about the evolution, we highlight the investments made in the half evolution. We keep moving on our projects and construction that we invested in the second quarter, totaling BRL 156 million. We highlight the Tocantins line, the Lote 4 acquired in an auction in December 2018. The line is at 77% physical advance, and we expect to deliver it in November this year. When we talk about the greenfield, the total that we expect to get is BRL 3.2 billion. Being BRL 1.9 billion, it's already gonna be achieved until the second quarter 2021. We talk about M&A transmission, the enterprise value, the number of the business, they were about BRL 2.6 billion. Also on this slide, we show the hub evolution, also with the readjustment that was given by ANEEL on July 12. The RAP it also shows the number of the auction that happened on June 2022, and shows the evolution that can achieve BRL 781.5 million on the period of time of 2022 to 2023, with an increase of BRL 167.8 million. Which the Gemini represents BRL 362.9 million. That on the acquisition that was concluded on June 10 of 2022. On this performance of the cycle, 2022, 2023. We also consider a RAP of BRL 17.7 million on the auction. The auction that happened on the first half of 2022, that is gonna be called Energisa Amazonas II. I would like as well to highlight that, the company. We are aligned, 100% aligned with these growth plans for the next years on this segment. On this next slide, we're gonna talk about GD, the distributed generation. It has, I mean, a growth of more than 150% on this period. We had a growth of 78.5% on the last six months and achieved BRL 14 billion. The investments on this segment were about BRL 252 million on the semester. On the next slide, we're gonna talk about subscription bonds. Most of it is concentrated on BNDES, 99%. They subscribed or they requested the subscription until the 15th. Talking about the number of actions, it represents 12.4%, and the resources are gonna be about around BRL 740 million by Friday. With this, the company that closed the quarter with 2.8 times, it's gonna have a reduction of 0.23. That's what I have to talk right now, and I'm gonna end the presentation, and we're gonna open for the Q&A. Please, operator. Now we're gonna start the Q&A session. We please ask that you make all your questions all at once. Remind you that to make any questions, we suggest that they be sent via the Q&A icon at the bottom of your screen. Your name will be announced that you'll be able to ask your question live. In this moment, a request to activate your microphone will show up on your screen. Please wait while we catch all the questions. The first question comes from Marcelo Sa, sell-side analyst from Itaú BBA. We are gonna open your audio so that you can ask your question. Please go ahead. Hi, everybody. Thanks for the call. I have some doubts that I would like to help. The first one's around the GD, and we talked in May about a more complicated interconnection, mainly on Cemig area. I'd like to know if it was solved, if it's working properly as we expect. The second question is, I would like to understand a little bit more what we're predicting about the BNDES, with the sales that you're gonna have with the stakeholders, with the debentures, if it's gonna be something that may happen this year, if BNDES is gonna hold this or if it's gonna be something that's gonna be happening after the elections. Okay. Thank you, Marcelo. Good afternoon. I'm gonna start with the second question, okay? Then the first question, I am gonna see if I can transfer to one of our friends here. About BNDES, okay. I'm keeping in touch with the bank and some of our plans, strategic plans, bank strategic plans to check with our sales, okay. We don't know when it's gonna be happening, at what price. If it's gonna be before or after the election, I don't know about this. At least we have a vision, strategic vision of the bank of what's gonna happen with our numbers. About the GD. Maybe Roberta. Roberta is here. Yes, I am. Good afternoon to everybody. Thanks, Marcelo Sa, for your question. Like you guys have seen, we on this quarter added a capacity. We have ended the last quarter with 78.4 megawatts peak. This one we ended with 93.2 peak on this time as well, that we're talking. On the week that we are speaking, it's 96.2 peak. We had an increase, but we have some challenges as well of connection. Obviously, with the volume we imagine that the challenges that CDE especially is facing. We believe that this may be equalization during the second semester. We count on this effort with the distributors with CDE, in a way that it doesn't change the plan that we expect to happen in this year. Okay. Thanks for your question. If you may allow me to have another question about CELG-D. We had some market gossip that we are in the process that you've made a call. I know that you guys aren't allowed to say, but what you can say about this, please. I understand that we have a lot of regulatory questions that may be addressed to make sense to do something. For example, to check about the numbers on the company that invests on this and the quality may be not good, and we have an eventual risk of disinvestment that they may be not acknowledge if you look ahead. Since it's a bilateral auction, since we're gonna be working with the other company, if it's possible, if we are negotiating with this other company, how can this be arranged? If it works all together with the regulatory group, if this makes sense for both parts or if it doesn't. Thank you. About Goiás. As you know, ENGIE is a relevant player on the distribution sector. We always are gonna be analyzing all the opportunities that may show up ahead, but it's gonna be hard to talk about this. Talk about these opportunities, specific opportunities if we are or are not analyzing this. About the second part of your question and about this regulatory question and then how it negotiates about this, we're gonna pass this question to Alexandre. Like Mario said, it's hard to tell about these opportunities. The law, it gives this information as well. The next question comes from Carolina Carneiro, Sell-Side Analyst from Credit Suisse. We're gonna open your audio so that you can ask your question. Carolina, please go ahead. Hi, guys. Good afternoon to everybody, and thanks for the call. I have two questions as well. The first one is about the renewable energy. You guys are developing the Alsol company, and if you have any established goals on Investor Day. You hope to add some AMR projects. I'd like to know, on what we are right now, if it's a stretched number of CapEx, if it changed something. If it changes something about the developments in the short term compared to what you guys had. My second question is about the distribution segment that had a lot of challenges on renewal of concessions of distributors, and that the ministry is about to open an auction about the subject. I would like to know a little bit more about this, if the government and the ministry is talking about which companies and what we can expect. If we can expect something this year or any auction that may happen, and what you guys expect about the process, if it can be worked differently since the last time that we've seen. Good afternoon, Carolina. I'm gonna divide the answers between Ricardo and Alexandre. Ricardo, can you please answer the first part of the question? Okay, about Good afternoon, Carolina. About your question, what it affects on what we tell you guys and show you guys about the CapEx. This has an effect on the number of costs, okay? This is gonna have some reflexes on the energy market as well. We must analyze as well the demand that we have about this. We have a goal, five-year goal ahead, and we have to monitor everything to see about the offer is gonna be good and the demand, and a lot of cost, the cost as well. Let me just bring you an example. Recently, we had something with Chile, but I would like to let you know, it has an increase of this peak energy. Increase on last 15 years, about more than 30%. Just for you to know. That it reflects on all the world about the numbers of the line increase, the energy increase costs. It affects as well the increase of the energy costs and energy prices for all the segments, all the groups. We're gonna monitor this. If we're gonna work about the short period of times and long to work about this, we're gonna look about this and about the best way. Related to the second question about the renewal of the concessions that we had about this, Alexandre will help you with the answer. Hi. Good afternoon, Carolina. About your question on the renewal, it's hard to say what's gonna happen this year in terms of the Ministry of Mines and Energy about this thing. Obviously this discussion, your discussions, they're gonna be keeping happening, they're gonna keep happening. Our position remains the same, that regulation works, serving to share these benefits with the people is gonna be like the last offers as well. Thank you. Thanks for your question. Thanks for the opportunity. Our next question comes from André Sampaio, Sell-Side Analyst from Santander. We are gonna open the audio so that you can ask your question live. André, please go ahead. Good afternoon. I have one question related to the distribution. We had some legal change, recent legal changes about the reduction of ICMS. If we have a discussion about the potential of the reduction to be near zero. I would like how you guys could say about this and how it would impact on the profitability on the energy, on the cost as well, for the older ones and the newer ones as well. Good afternoon, André. Thanks for your question. The statements, they're quite recent, and like you said, they have the ICMS factor that is not set as well. Since we have a lot of uncertainty about these reductions next year, if it's gonna happen or not, and the uncertainty about all of this, internally we are checking all these impacts on the margins, and mainly following up about how the market flows. All these changes affect everybody. It occurs in a way that adjustments on the market may happen. Since it's like very recent, we are right now making this analysis about all these facts and working with this. Thank you, André. Our next question comes from Henrique Peretti, sell-side analyst from JP Morgan. We are gonna open your audio so that you can ask your question live. Henrique, please go ahead. Hi, good afternoon. My question is about the payments not happening. We've seen an increase on Mato Grosso and Roraima. I'd like to know if it's momentary or if it's about the structure as well. Good afternoon, Henrique. I'm gonna ask Newton Busch, our director, to help us with this. Good afternoon, Henrique. Thanks for your question. I understand that we had a momentous effect on this with Mato Grosso, and Maurício already talked about this, that we had this number last year compared on. We had a three-month time that worked with these cuts that we had it back on the provisions as well. Right now we have a more favorable scenario right up ahead. We've talked about reduction of ICMS, of the support that the government's gonna give to all of them, and taxes that we have expecting these people for now to pay the bills. We're gonna check about this and work with this. With the reduction of these numbers, of with the profits, and we expect that we're gonna have some benefits with the provisions as a full scenario. It's gonna be only momentary, in my opinion. Thanks for your question. Thank you, everybody. Just a reminder that to make your questions, they must be sent via the Q&A icon at the bottom of your screen. Your name will be announced so that you'll be able to ask your question live. Without further questions, we are now ending our Q&A session and ending this earnings conference call for the second quarter 2022 from Energisa. The investor relations department is available to answer all the other questions. Thanks for your participation, and have a nice afternoon.