Luiz Fernando Leone Vianna, CEO Luiz Eduardo da Veiga Sebastiani, CFO

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1 Luiz Fernando Leone Vianna, CEO Luiz Eduardo da Veiga Sebastiani, CFO

2 Disclaimer Any statements made during this conference call involving Copel s business outlook or financial and operating forecasts and targets constitute the beliefs and assumptions of the Company s Management, and the information currently available. Forwardlooking statements are not guarantees of performance and involve risks, uncertainties and assumptions, given that they refer to future events, and thus are dependent on circumstances that may or may not occur. The general economic conditions, industry conditions and other operating factors could come to affect the future performance of Copel and lead to results that are materially different from those expressed in said forward-looking statements. 2

3 Highlights +1.7% Captive market grows by 1.7% in the first quarter R$ mi Net income in R$ mi EBITDA in % Cost of energy purchased (/) +44.0% Revenue from electricity supply (/) 3

4 Highlights HPP Colíder > Requesting Aneel to recognize an exclusion from responsibility period of 644 days > Since January 2015 Copel GeT has been honoring CCEARs totaling 125 average MW > It can make use of energy from its other power plants to comply with the Colíder CCEAR > The plant is expected to begin commercial operations in April 2016 Evaluation Report of the Transmission Assets > Electricity transmission assets existing on > In accordance with Resolution Aneel 589/2013 which establishes the criteria for the calculation of the New Replacement Value (VNR) > Indemnification value calculated totals R$882.3 million with base date on > Validation need for information and measurement of indemnification by Aneel > Financial and economic effects will depend on the ratification of the final result 4

5 New business highlights Copel Geração e Transmissão Start-up Transmission line Foz do Chopim / Salto Osório APR km extension kv Copel Renováveis Start-up Q15 3Q15 4Q15 APR related to assets provided for operation Santa Maria and Santa Helena Wind farms Installed capacity of 59.4 MW Assured energy of 31.4 average-mw Wind Farm Complex Copel Renováveis Installed Capacity (MW) Assured Energy (average MW) Installed capacity in operation MW Brisa Potiguar São Miguel do Gostoso¹ Cutia Total ¹ Adjusted for Copel s stake (49%) 5

6 UEGA Result > Operation of UEGA (COPEL 80%) since > Merchant model, does not have availability agreements > Energy produced is sold in the short-term market (MCP) > CVU¹ > From to : R$ /MWh > From to : R$ /MWh Gross generation (GWh) Days of operation Consolidated net revenue UEGA Results (R$ million) / % Net income Net Margin EBITDA Margin 27.7% 42.6% EBITDA ¹ Defined by Aneel Ruling 210/2015 Subject to change 6

7 Operating revenue Operating revenue +39% UEGA 13% Other 4% R$ milhões 3,051 4,237 Copel Dis 61% Copel GeT 21% By subsidiary Electricity sales to final customers +44% Eletricity sales to distributors Use of transmission grid Other operating revenues +17% +7% +121% ,329 1,108 1, * Amounts subject to rounding. Sectorial assets and liabilities result 7

8 Operating Costs and Expenses Operating costs and expenses +50% UEGA 9% Other 5% R$ milhões 2,402 3,608 Copel Dis 72% Copel GeT 13% By subsidiary Eletricity Charges for the use of main transmission grid Natural Gas Manageable Costs¹ +82% +61% +11% +22% 982 1, * Amounts subject to rounding ¹ Considers the cost of staff, managers, pension plan and health care, material, third party services and other. 8

9 Energy purchase CCEAR CCEE Itaipu Other / +76.1% -59.1% % -40.6% Total +82.4% (143) ,092 1, ( 832) ( 90) 982 CCEAR CCEE Itaipu Other PIS/COFINS Total CCEAR > New agreements > Adjustment for inflation > Dispatch of thermal power plants CCEAR CCEE Itaipu Outros/Other Other Transfer CDE PIS/COFINS Total Itaipu > Tariff adjustment > Exchange rate devaluation 9

10 EBITDA Subsidiary EBITDA Breakdown EBITDA R$ million / % Telecom 3% Other 16% Copel GeT (3.5) Copel Distribuição Copel Telecom Other/eliminations (35.0) Consolidated (2.8) Copel Dis 6% By subsidiary Copel GeT 75% EBITDA Margin per subsidiary (%) Evolution of Consolidated EBITDA margin (%) GeT Distribuição Telecom %

11 Net income Net Income Breakdown R$ million Subsidiary Income R$ milion / % Net Income Performance Copel GeT (5.3) Copel Distribuição Copel Telecom Other/eliminations 18.1 (88.1) Consolidated (19.1) 1Q13 Consolidated net margin performance (%) -42% Net margin by subsidiary (%) GeT Distribuição Telecom

12 Investor Relations