Foco nas Availability of 89%; Follow-up of Ceara s hydrological situation; EBITDA of R$ 504 million.

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2 - This presentation may include forward-looking statements of future events or results according to regulations of the Brazilian and international securities and exchange commissions. These statements are based on certain assumptions and analysis by the company that reflect its experience, the economic environment and future market conditions and expected events, many of which are beyond the control of the company. Important factors that may lead to significant differences between the actual results and the statements of expectations about future events or results include the company s business strategy, Brazilian and international economic conditions, technology, financial strategy, public service industry developments, hydrological conditions, financial market conditions, uncertainty of the results of future operations, plans, objectives, expectations and intentions, among others. Considering these factors, the actual results of the company may be significantly different from those shown or implicit in the statement of expectations about future events or results. - The information and opinions contained in this presentation should not be understood as a recommendation to potential investors and no investment decision is to be based on the veracity, current events or completeness of this information or these opinions. No advisors to the company or parties related to them or their representatives shall have any responsibility for whatever losses that may result from the use or contents of this presentation. - This material includes forward-looking statements subject to risks and uncertainties, which are based on current expectations and projections about future events and trends that may affect the company s business. These statements include projections of economic growth and energy demand and supply, as well as information about the competitive position, the regulatory environment, potential opportunities for growth and other matters. Several factors may adversely affect the estimates and assumptions on which these statements are based. 2

3 Generation Cachoeira Caldeirão HPP: delivered 8 months in advance; São Manoel HPP: evolution of 83.4% and river s diversion 100% concluded and impariment register; Pecém I TPP: Foco nas Availability of 89%; Follow-up of Ceara s hydrological situation; EBITDA of R$ 504 million. Distribution Non technical losses in low voltage: p.p. in EDP Bandeirante and p.p. in EDP Escelsa vs 2015; 7 th Tariff Cycle of EDP Escelsa : Reduction of the glosses (from 14% to 1.3% in EDP Escelsa); Target review of non technical losses in low voltage from 7.87% to 11.45%; Increase of more than R$ 100 million in Regulatory EBITDA; Adjustment of 10% in Component B and 27% in BRR; Tariff Adjustment from EDP Bandeirante: adjustment of 9.5%. Cost Control and Financial Discipline Capital Increase of R$ 1.5 billion with 100% of subscription; Pre-payment of Pecém s debt with the Interamerican Development Bank (R$ million). Net debt/ebitda: 1.5x; PMTO s increase of 3.2%, below inflation (IPCA: 6.3%), excluding Provision for Doubtful Debts and considering thesame base of consolidation. Trajectory of Growth Acquisition of Lot 24 in the Transmission Auction with real profitability above 113%; Start of operations in distributed solar energy; Increase of 50.4% in the Net Capex of Distribution. 3

4 Gross Margin (R$ Million) Hydro Generation Thermal +3% Distribution Commercialization GRID ,289 3, Hydrological Adhere GSF Energy Energy Pecém Tariff Effect Market Overcontraction VNR Losses GM EDPC / Risk contracts generation GRID / APS/ reduction Others 4

5 EBITDA (R$ Million) 2, ,298 EBITDA 2015 Gross Margin PMTO Gain on Asset Sale / Acquisition of Investment Others EBITDA Net Income (R$ Million) , Net Income 2015 EBITDA Dep & Amort Result from corporate participation Financial Result Income tax and social contribution Attributable to noncontrolling shareholders Net Income 5

6 PMTO Amount in R$/Million 1 Accum. IPCA 17.6% % % +35% in disconnection and reconnection 55% PDD 2H vs. 1H +42% in inspections to combat fraud +33% in pruning s or +181thousand DEC /2015 PMTO growth below inflation IPCA: 6.3% IGP-M: 7.2% 1. Consolidated PMTO does not consider Pecém, APS, Pantanal and PDD; 2. IPCA accumulated from 2014 to. * Managerial 6

7 Capex evolution (R$ Million) 18% 972 1,149 Distribution 33% 42% Focus on distribution investment 50.4% Generation 66% 56% Others 1% % 2015 Investment Strategy Distribution

8 Debt: Dec/2015 vs Dec/ -9.9% +75.5% 6,186 2,018 5,571 1,150 5, % 3,553 Net Debt/EBITDA ,036 4,684 3, ,397 Covenant: up to 3.5x 1.5 ND/EBITDA (X) 3,553 Net Debt Gross Debt Dec/15 Gross Debt Dec/16 Cash Dec/15 Cash Dec/16 Net Debt Dec/15 Net Debt Dec/16 Dec/2017 Mar/16 Jun/16 Sep/16 Dec/16 Debt Maturity Schedule (R$ Million) 2,018 1,349 1,072 1,135 1,455 Gross Debt by Index Fixed Rate 5.2% IPCA 13.4% US$ 4.1% 560 TJLP 24.1% CDI 53.3% Cash After 2021 US$ CDI TJLP Fixed Rate IPCA 8

9 Start the operation of São Manoel; Mitigate hydrological risk in Pecém. Mantain the reduction trajectory of defaults and losses; Reinforce the Base of regulatory remuneration (BRR) with increase of the distributor s Investiments Program. Restore the Gross Margin ; Expansion of Energetic Efficiency and Solar Services. Consolidate the New Bussiness Unity; Analyze growth opportunity. Continue the cost control (OBZ) focused on Corporative and Distribution; Manage the Energetic Risk; Implement digital agenda; EDP Culture Project. 9

10 IR Team Telephone: +55 (11)