Company Presentation

October 2022

Eneva at-a-Glance

An Integrated energy company delivering diversified solutions to Brazil

1

RR

2 3 3 7

1 Azulão Complex

2 Parnaíba Complex

(NaturalGas,CondensateandOil)

(NaturalGas)

Power Generation

Power Generation

141MW

950MW

1.4GW

0.5GW

Operating

InstalledCapacity

Operating

InstalledCapacity

Installed Capacity

tobeConstructed

Installed Capacity

UnderConstruction

AMAZONAS

AMMA

CE

E&P

14.8 bcm

5.4 bcm

GasReserves(2P)

Gascontingentresources

E&P

29.5 bcm

2.1 bcm

GasReserves(2P)

Gascontingent

SOLIMÕES

PARNAÍBA

6

4

BA

5

MS

PARANÁ

Total Portfolio

5.3 GW

5.9 GW

Power Generation Capacity(1)

Pipeline(2)

Notes: (1) Includes Parnaiba V and VI TPPs, Azulão I TPP and Futura 1 photovoltaic plant, currently under construction, 1.6GW TPP Sergipe I and 0.3GW TPP CGTF (Termofortaleza); (2) Considers Futura 2 and 3 solar plants, 3.2GW of Celse and 0.4GW of Termofortaleza.

4.7MMbbl

(2C)

4.0MMbbl

Condensate

Condensatecontingentresources

reserves (2P)

(2C)

7.0 MM bbl

Oilcontingentresources(2C)

3 Itaqui-Pecém II

(Coal)

0.7GW Tobephased-outuntil OperatingInstalled Capacity 2040

4 Futura Solar

5 Paraná

Complex

Basin

(Solar)

(OnshoreBasin)

0.7GW

Installed Capacity

11,544 km²

UnderConstruction

2.3GW Exploratoryconcessionarea Pipeline

Público

resources(2C)

Gas Trading

600,000 m3/day

liquefaction capacity to be built in

the Complex

Long-term LNG supply contracts

secured

6 Celse

7 CGTF

(LNG)(Gas-Fired)

R$10bn

R$431mm

TransactionEV

TransactionEV

1.6GW

327 MW

Operating

Installed Capacity

Installed Capacity

3.2GW

0.4GW

Pipeline

Pipeline

3

Eneva has a track record of growth and consistent over-delivery…

Where We Came From...

And How We Nailed It

(2017)

(2021)

Market Cap.

R$4.4bn

R$17.9bn

+309%

December2017

December2021

Installed Capacity

2.2GW

3.7GW(1)

+76%

Gas and Condensate

18.8bcm

44.3bcm(2)

+136%

Reserves (2P)

4.7 MM bbl Liquids

Gas, Oil and Condensate

7.5 bcm Gas

Resources (2C)

11.9 MM bbl Liquids

Adj. EBITDA & Margin(3)

R$1.4bn(4)

R$2.2bn

+52%

39.3%

42.2%

Cost of Debt

IPCA + 9.0%

IPCA + 3.8%

(518bps)

ROE

1.5%

17.3%

+15.8 p.p.

Capex Invested

R$5.3bn

(2017-2021)

EPS

R$ 0.46

R$ 0.92

+100%

ENEV3 - ADTV

R$ 3.7mm/day

R$ 82.0mm/day

+2,143%

Notes: (1) Includes the Parnaiba V and VI TPPs, Azulão I TPP and Futura 1 photovoltaic plant, currently under construction.; (2) Gaffney Cline & Associates Resports as of 12/31/2021 to Parnaíba basin and Reports as of

04/30/2022 to Amazonas basin; (3) Calculated in accordance with CVM Instruction 527/12 and its accompanying Explanatory Note. (4) Considers pro forma result with PECÉM II at 100%4

Público

Successful capital allocation over the past 5 years…

Unlevered Internal Rate of Return (IRR) of Projects

(in real terms)

Celse

Investment (5)

Complexo R$ 6.1 bi Azulão

(950MW)

LeveredIRR

25%

20%

2035b-NTNto

15%

Spread

10%

5%

Parnaíba V

Capex(1)

R$ 1.5 bi

Parnaíba 6

Azulão

Capex(1)

Jaguatirica

R$ 0.6 bi

Capex(1)

R$ 2.2 bi

Futura(3)

Capex(1,2)

R$ 2.9 bi

LeveredIRR

Capex(1)

R$ 5.8 bi

Termofortaleza(3)

Investment (6)

R$ 0.5 bi

Small Scale

LNG

Capex(1)

R$ 1.0 bi

0%

Dec-17

NTN-b 2035(4)

Dec-18

Dec-19

Aug-21

Aug-22

Notes: (1) Estimated Capex; (2) Capex of Photovoltaic Plant Futura 1; (3) Includes Futura 1 and Trading; e (4) Brazilian Treasury Bond; (5) ) Acquisition value, levered Project; (6) Acquisition Value, unlevered Project

5

Público

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Eneva SA published this content on 15 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2022 01:12:02 UTC.