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Highlights of the Year

Adjusted Billed Sales(1) +2.4% y/y in 2023

Quality indicators (DEC & FEC)

Below regulatory limit

Collection Rate: 97.6% in 2023 (+1 p.p. y/y)

  • (1) Considers distributed generation (offset and simultaneous) and non-recurring retroactive (REN) adjustments.

    TOTEX DisCo -R$350M or -18% y/y

    Consolidated Adjusted EBITDA (2)

    EBITDA(2) - CAPEX Consolidated R$1,219M in 2023 (+R$1B y/y)

    DEC = Equivalent Power Outage Duration per Customer unit FEC = Equivalent Power Outage Frequency per Customer unit

  • (2) Adjusted EBITDA calculated based on CVM EBITDA, excluding Indemnifiable Concession Assets, Other operating income/expenses, Equity Income and Non-recurring events.

Adjusted Billed Sales Evolution

2.4% y/y Growth

[in GWh]

(*) Adjusted by non-recurring cancelations of retroactive energy (REN) (**) Distributed generation including offset and simultaneous consumption

DisCo Adjusted EBITDA

43% y/y growth

[in R$ million]

+R$414M | +43.3%

Adjusted

Δ Net

Δ Provision for

Adjusted

EBITDA

margin

contingencies

EBITDA

2022

2023

Net Margin (+R$483M)

+ Positive variation in energy overcontracting in 2022

PMSO (-R$90M)

  • - Greater allocation of labor in Opex

  • - Increase in the volume of emergency services and stock costs

PECLD (-R$52M)

Contingencies (+R$73M)

+ Lower volume of new lawsuits in the JEC and massive civil and reduction in the stock of lawsuits

Δ PMSO

Δ PECLD

(1) Adjusted EBITDA calculated based on CVM EBITDA, excluding Indemnifiable Concession Assets, Other operating income/expenses, Equity Income and Non-recurring events.

TOTEX reduction as the main contribution to improving DisCo cash flow

Maintenance of the Distribution business's financial balance initiatives resulting in a reduction of R$350M in TOTEX

[R$ million]

CapexPMSO

2022

Nota: TOTEX = PMSO + CAPEX.

-18%

R$857m increase in operating cash generation measured by EBITDA - CAPEX

[R$ million]

+R$857

1,992

546

(311)

2022

2023

2023

Light SESA: Main events that impacted Disco business cash in the period

Cash management still challenging

E2B0IT23DA Adjujusstateddo EB2I0T2D3A

(-) Capex

(-) Dev(-o)lução PIS/COFINS reimbursement

(0.5)

(0.2)

(0,7)

(- ) PInategraemsteanntod amjuorotiszaetion ampaoyrtmizeançtãso

QCueaismhacdoensCuamixead 22002233

(1) Adjusted EBITDA calculated based on CVM EBITDA, excluding Indemnifiable Concession Assets, Other operating income/expenses, Equity Income and Non-recurring events.

Generation and Trading business EBITDA

8.8% y/y Growth

Net Margin

  • + Favorable GSF vs 2022

  • + Increased allocated energy

  • + Lower energy purchase volume

(1) Adjusted EBITDA calculated based on CVM EBITDA, excluding Indemnifiable Concession Assets, Other operating income/expenses, Equity Income and Non-recurring events.

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Light SA published this content on 26 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2024 15:26:21 UTC.