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Earnings Release - 3Q21 Brasília , November 10th , 2021 - Equatorial Energia S.A. , holding acting on the Brazilian electrical sector , on the distribution , transmission , generation , commercialization and services segments ( B3 : EQTL3 ; USOTC : EQUEY ) announces today its results for third quarter of 2021 ( 3Q21 ) and nine months of 2021 ( 9M21 ) . Adjusted Consolidated EBITDA reaches R $ 1,454 million in the quarter ( + 23.8 % vs 3Q20 ) The Company advances in the value creation strategy with an entry into Sanitation and Renewables . Adjusted Consolidated EBITDA reached R $ 1,454 million in the quarter , an increase of 23.8 % , benefited by the significant increase in the market at the discos and the increase in the wire B tariff . Total volume of distributed energy reached 8,036 GWh , with a consolidated growth of 3.3 % compared to the same quarter of the previous year . Piauí and Maranhão , grew 12.0 % , 5.5 % , respectively , Alagoas 3.4 % and Pará 3 % . CEEE - D decreased by 3.3 % due to a billing adjustment , which , if disregarded , would have presented a growth of 2.2 % , and a consolidated growth in the group of 4.5 % . Total losses decreased in most DisCos compared to 2Q21 , in the states of Alagoas ( 22.5 % , -0.2pp ) and Piauí ( 19.7 % , -0.9pp ) for the eighth and tenth consecutive quarter , respectively , also decreasing in Pará ( 29.8 % , -0.3pp ) and Maranhão ( 19.1 % , -0.1pp ) , and increasing in CEEE D ( 19 , 2 % , + 0.7pp ) . In Piauí , the current level of losses ( 19.7 % ) is already within the regulatory limit of 20.5 % . In 3Q21 , Equatorial's consolidated investments totaled R $ 816 million , an increase of 41.7 % compared to 3Q20 , due to the acceleration of investments in DisCos compared to 3Q20 , impacted by the pandemic . Consolidated leverage in 3Q21 was 2.1x , measured by the Net Debt / Adjusted EBITDA ratio , stable compared to 3Q20 ( 2.0x ) . Cash and cash equivalents reached R $ 9.6 billion , corresponding to 2.0x of short - term debt . ► Periodic Review Index approved for Equatorial Maranhão , on August 24 , 2021 , with an average effect of + 2.79 % for customers and a Net Remuneration Base of R $ 4.366 billion ( + 31.9 % ) . CEEE - D Voluntary Layoff Program process concluded on October 22 , 2021 , totaling 998 adhesions , which represents about 46 % of the current effective staff , and the total cost of dismissals is estimated at R $ 144.8 million , part already recognized in the 3Q21 result . On September 2 , The Group won the Auction for the granting of a concession for the regionalized provision of public water supply and sewage services and complementary services in the municipalities of the State of Amapá . Financial Highlights ( R $ MM ) Net Operating Revenues ( NOR ) On October 28 , the signing of a contract for the acquisition of 100 % of the shares of Echoenergia Participações S.A. was announced , marking the effective entry of the group into the Renewable Generation segment . Echoenergia has assets in the Northeast region with 1.2GW of installed capacity and ready - to - build projects that total more than 1.1GW of additional capacity . The completion of the transaction is subject to conditions precedent and must be approved at an EGM to be called by the Company . Adjusted EBITDA ( Quarter ) EBITDA Margin ( % NOR ) Adjusted EBITDA ( Last 12 monts ) Adjusted Net Income Net Income Margin ( % NOR ) Net Income per Share ( R $ / share ) Investments Net Debt Net Debt / Adj EBITDA ( Last 12 months ) Cash / Short Term Debt Operating Highlights Sold Energy ( GWh ) Number of Consumers ( ' 000 ) 3Q20 4,208 1,174 27.9 % 4,981 607 14.4 % 0.60 576 10,416 2.1 2.7 3Q20 7,782 9,553 NOVO MERCADO BM & FBOVESPA ¹ 3Q20 Distributed Energy consumption data include CEEE - D 3Q21 7,489 1,454 19.4 % 5,436 502 6.7 % 0.50 816 11,410 2.1 2.0 3Q21 8,036 9,719 Var . 78.0 % 23.8 % equatorial ENERGIA IBOVESPA -8.5 p.p. 9.1 % -17.3 % -7.7 p.p. -17.3 % 41.7 % 9.5 % Ox -0.7x Var . 3.3 % 1.7 % 9M20 11,897 3,096 26.0 % 4,981 1,372 11.5 % 1.36 1,991 10,416 2.1 2.7 9M20 22,879 9,553 9M21 16,184 3,778 23.3 % 5,436 1,351 8.3 % 1.34 1,379 11,410 2.1 2.0 9M21 23,990 9,719 Var . 36.0 % 22.0 % -2.7 p.p. 9.1 % -1.5 % -3.2 p.p. -1.5 % -30.7 % 9.5 % Ox -0.7 x Var . 4.9 % 1.7 %