Centrais Eletricas Brasileiras : Results Presentation 2Q17

August 2017

Cerro Chato Wind Farm I, II and III Eletrobras Eletrosul Collection Credit: Hermínio Nunes

This presentation may contain certain estimates and projections. Such estimates and projections are not statements of events occurring in the past but reflect our management beliefs and expectations and may constitute forward-looking statements and estimates in accordance with the Securities and Exchange Commission and the Securities and Exchange Commission, Section 27A of the Securities Act Of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words "believe", "may", "may", "estimate", "continue", "anticipate", "intend", "expect" and similar words are intended to identify estimates that necessarily involve risks and do not. Known risks and uncertainties include, but are not limited to: general economic, regulatory, political and commercial conditions in Brazil and abroad, changes in interest rates, inflation and value of the Real, changes in volumes and the pattern of electric energy use by Consumer, competitive conditions, our level of indebtedness, the possibility of receiving payments related to our receivables, changes in rainfall and water levels in the reservoirs used to operate our hydroelectric power plants, our financing and capital investment plans, existing and future government regulations , And other risks described in our annual report and other documents filed with the Securities and Exchange Commission and the Securities and Exchange Commission of the United States of America. Estimates and projections refer only to the date they were expressed, and we assume no obligation to update any of these estimates or projections due to the occurrence of new information or future events. Future results of the Company's operations and initiatives may differ from current expectations and the investor should not rely solely on the information contained herein.

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Highlights Results Financial Performance Evolution of the PDNG Investments

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• ROL of R$ 7,819 million, an increase of 9% compared to the 2Q16, excluding the effects of the RBSE.
• Managerial Ebitda of R$ 1,923 million, an increase of 83% compared to the 2Q16.
• Managerial Net Income of R$ 162 million, an increase of 203% compared to the 2Q16.
• Reduction of the Net Debt/Ebitda adjusted from 7.8 in 2Q16 to 4.7 in 2Q17.

• Total investments of R$ 2,388.9 million in 2017.

• Adhesion of 2,097 employees to PAE - Extraordinary Retirement Plan, estimated savings of R$ 875 million per year, equivalent to 95% of the expected Master Plan target.
• Transfer of 74 SPEs from subsidiaries to the Holding company to settle debts, aiming at reducing indebtedness;
• Receivables of R$ 1,387 million from the Federal Government to the subsidiaries Furnas and Eletrosul, related to the credits of Law 8,727, of which R$ 765 million will be transferred to the Holding company as debt settlement and dividend payment. These resources will be used to finance the PAE - Extraordinary Retirement Plan.

• ProERP: 71% of physical advance.

• Election of José Guimarães Monforte as new Chairman of the Board of Directors.

• Launching of the Policy for Indication of Administrators of the Subsidiaries and SPEs - Law 13,303 / 2016.

• Contracting of Independent Whistleblower Channel

• Disclosure of Dividend Policy, aiming for greater transparency to shareholders - Law 13,303 / 2016.

• RBSE: Beginning of the receivables of approximately R$ 560 million per month, corresponding to approximately R$ 6.7 billion/year for the 2017-2018 cycle, starting on August 15, 2017.
• New Legal Framework Electric Sector - Technical Note MME 5/2017.

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