EDP s Participation in the 2nd Stage of Transmission Auction 013/2015 Localization: Construction deadline: Lenght: Capex: RAP:

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2 Disclaimer - 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 EDP s Participation in the 2nd Stage of Transmission Auction 013/2015 Localization: Construction deadline: Lenght: Capex: RAP: Espírito Santo 32 months 113 km R$ 116 million R$ 20.7 million Santo Antônio do Jari HPP Peixe Angical HPP Cachoeira Caldeirão HPP 3

4 RTP Escelsa (4th cycle/august, 2016) Track Record of Component B (MM) % 846 BRR Basis of net and gross remuneration (in R$/billion) % 3.53 BRL % 2.02 o Technical losses: from 6.70% to 7.14%; o Non technical losses in low voltage: Increase from star point of 7.87% to 11.45%, without trajectory change rd cycle 4th cycle 3rd cycle 4th cycle Trend in regulatory EBITDA (R$/MM) EV/EBITDA Impact on the share % EBITDA U12M 1 : R$ 2,050 million EV 2 : R$ 12,858 million Component B: R$ 62 million Incremental EBITDA: R$ 102 million Losses: R$ 40 million EV/EBITDA: 6.3 X Impact on the Share Price: > R$ 1.00/share Notq 1: Ignores more significant non-recurring gains (Sale Renewables and Pantanal, GSF Renegotiation and Pecém FID claim and Insurance); Note 2: Market value on October 24; Net Debt as of September 30; Number of shares following increase in capital; 4

5 3Q16 Highlights Average PLD (Submarket SE/CO) 3Q16: R$ 115.4/MWh Vs 3Q15: R$ 204.1/MWh Average GSF 3Q16: 83.2 % Vs 3Q15: 86.2% Generation C. Calderião HPP: start up of GU03; S. Manoel HPP: evolution of 78%; Pecém: Foco nas 81.6% of availability in 3Q16 with scheduled maintenance in the GU02 and 87% in 9M16; Water situation in Ceará with the creation of Emergency Hydro Charge. Distribution Volume of distributed energy: 1.2% in EDP Bandeirante and -13.1% in EDP Escelsa; Non technical losses in low voltage: p.p. in EDP Bandeirante and p.p. in EDP Escelsa Vs 3Q15; PDD/delinquency: reduction of R$ 2.6 million vs 3Q15 and R$ 19.0 million vs 2Q16. Accounting of New Value for Replacement in EDP Escelsa: R$ million referring to the RTP; Energy Management and Commercialization Volume of energy traded: +19%; Average purchase and sale price: -22.4% and -20.8%, respectively; Services revenue: R$ 3.3 million. Cost Control and Financial Discipline PMTO: 5.6% increase, with focus on budget cost control; Net debt/ebitda: 1.3x; 5

6 Prudent Debt Level Net Debt/EBITDA ,825 5, , Net Debt/EBITDA (X) Net Debt 1.3 Debt maturity profile (R$/million) 2,477 2,176 3,401 3,397 1,019 1, Sep/15 Dec/15 Mar/16 Jun/16 Sep/16 Cash After Q16 Highlights São Manoel Capital Increase R$ 1.5 billion Debentures R$ 280 million Until December, 2018 CDI % a.a. 1 st BNDES Disbursement R$ million Total: R$ 1.3 billion Until December, 2038 TJLP % a.a. Early discharge of Holding Company's CCB R$ 303 million 118.7% of CDI Payment of more expensive debts in line with capital increase purpose. 6

7 3Q16 EBITDA and Net Income EBITDA (R$ million) +7% EBITDA 3Q15 Gross Margin PMTO Fair value of financial assets for indemnification Others EBITDA 3Q16 Net Income (R$ million) +317% Net Income 3Q15 EBITDA Dep & Amort Result form corporate participation Financial result Income taxes and social contribution Attributable to non-controlling shareholders Net income 3Q16 7

8 Investor Relation Telephone: +55 (11)