This presentation may include forward-looking statements of future events or results according to regulations of the Brazilian and international

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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.

3 AP PA MA CE TO MT MS SP MG ES RS SC Generation Transmission Distribution + Transmission Generation + Distribution + Transmission Energy Services 1) Including installed capacity of São Manuel GU 01, 02 and 03

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5 MEMBERS APPOINTED BY THE CONTROLLING SHAREHOLDER INDEPENDENT MEMBERS CHAIRMAN VICE-CHAIRMAN CEO EDP Group President of the Compensation Committee Sustainability Committee Member Gov. and Related Parties Committee Member CFO EDP Group Audit Comittee Member Compensation Committee Member Board Member EDP Executive President of the Internal Audit Committee Gov. and Related Parties Committee Member President of the Gov. and Related Parties Committee Audit Comittee Member Sustainability Committee Member Compensation Committee Member CEO & IRO EDP Brasil Board Member EDP Executive CFO VP for Generation, Commercialization and Transmission VP for Dıstrıbution VP for Energy Services and M&A

6 [B³] BEST EM PERFORMERS

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8 6 Gencos 16 Gencos 3 Discos 2 Discos Under construction p.a. 1) Including installed capacity of São Manuel GU 01, 02 and /30/2017

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10 24% HPP STO. ANTONIO DO JARI 393 MW (50%) CACHOEIRA CALDEIRÃO 219 MW (50%) AP PECÉM I TPP 720 MW (100%) 4% 72% SHP TPP PA CE LAJEADO ENERPEIXE SÃO MANOEL MW (33%) MT TO 903 MW (73%) 499 MW (60%) COSTA RICA MS ES ENERGEST SANTA FÉ EDP PCH 16 MW (51%) 198 MW (100%) 29 MW (100%) 102 MW (100%) HYDRO GENERATION 1) Installed capacity 2) As of Dec/2017 3) 3 GU out of 4 already in commercial operation THERMAL GENERATION

11 3,5 MONTHS AHEAD OF SCHEDULE 8 MONTHS AHEAD OF SCHEDULE 4 MONTHS AHEAD OF SCHEDULE Capacity: 393 MW Capex: R$ 1.1 billion ¹ Financing: R$ 716 million from BNDES Capacity: 219 MW Capex: R$ 1.2 billion ¹ Financing: R$ 504 million from BNDES + R$ million of infrastructure debentures Capacity: 700 MW Capex: R$ 3.3 billion ¹ Financing: R$ 1.3 billion from BNDES + R$ 280 million of debentures. 1) Nominal Capex 1) Nominal Capex.

12 18% 16% 11% 11% E MCSD + Reduction of Bilateral contracts 2019 Additional Hedge Initial Hedge GSF/PLD Impact Reimbursement from GSF Renegotiation Additional Hedge Margin Revenue - Uncontracted Energy Settlement Commerc. Gross Margin Net impact of GSF

13 % 76% 88% 89% 92% Plant availability improvement Upgrade of the Coal transportation logistics Optimization of water consumption Reduction of electricity consumption by equipment Debt pre payment (IDB) Improvement of cash limitations and reduction of capital injections Hedging of the exposure to USD, Coal and PLD Waiver to the obligation of a Debt Service Reserve Account Pass through of the extraordinary water charge Responsibility exemption for water shortage

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15 1) In ) Distributed energy

16 305 54% 13% 23% 10% +107% +18% % % % 44% 24% 24% 24% 16% 19% 13% 14% 15% % 15% E Network Expansion Network Improvement Losses Combat Others 12.15% 10.43% 10.60% 9.97% 9.98% 9.55% 9.57% 9.19% 17.90% 9.27% 14.89% 13.50% 11.94% 7.87% 11.45% 11.45% Dec-14 Dec-15 Dec-16 Dec-17 EDP SP Meta Aneel Aneel Target Dec-14 Dec-15 Dec-16 Dec-17 EDP ES Meta Aneel Aneel Target 1) Consolidated Depreciation Level (EDP São Paulo and EDP Espírito Santo) 2) Based Total Losses

17 Reinforcement of the Company's new growth cycle, with emphasis on the Regulated networks segments Generation Nat. Gas Distribution Transmission Water and sanitation Turnaround Experience in Distribution OTHER BUSINESS UNITS Participation in the Company's governance structure through a minority shareholding position Expansion of EDP s presence in the State of Santa Catarina > ranked as one of the regions with the greatest development potential in the country SC Celesc Service Area Acquisition of 33.1% of voting shares + 1.9% of preferred shares, representing: 14.5% of CELESC's total shares Voluntary Tender Offer for the acquisition of up to 32% of the preferred shares. Resulting in a total participation of up to 33.6% of CELESC's total shares 1) As of Dec/2017

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19 Licensing Phase MA Line - Auction Apr/ Extension: 121 km 2 - Extension: 203 km MA Construction Initiated ES Line - Auction Oct/16 Extension: 113 km Construction License Licensing Phase SP MG ES SP/MG Line - Auction Apr/17 Extension: 375 km Licensing Phase SC Line SC - Auction Apr/17 Extension: 485 km 1) As of October/2016 for Lot24; As of April/2017 for Lots 7, 11, 18 and 21

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21 Generation Regulated market operations Structured Operations Trading Submarket 2017 EBITDA

22 FINISHED PROJECT PROJECT IN EXECUTION PROJECT IN OPERATION LARGER RETROFIT LIGHTING PROJECT

23 Hydro Wind Solar Thermal 10, Contracted Photovoltaic project implemented in Shopping Mall Canoas / RS. Considered one of the largest roof-top in Latin America totaling 1.3MWp of installed capacity. With generation capacity of 1.9GWh / year

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25 1 R$ million R$ million 60% of payout R$ 1.1 billion 2 R$ 1.3 billion R$ 864 million Holding s debt (tax optimization) 2.0x Net Debt/EBITDA 1) Excluding non-recurring effects: Updating of the indemnifying financial asset (VNR), Provision for compensation of the water charge, Pantanal Energética sale, Pecém insurance reimbursement; 2) Without PDD and contingencies;

26 1,744 2, % 25% % % % 130% 110% 90% 70% 50% 30% 10% -10% In 2014 and 2015, the Company applied B3's Novo Mercado policy: minimum payment of 25% of net income, due to the macroeconomic impact, climate conditions and adjustments of the regulatory framework (MP 579) and non-cash effects in the result Update of the indemnifying financial asset (VNR) Sale of Pantanal Energética Net Income Reimbursement of Pecém TPP Insurance Provision for reimbursement of water charges

27 Internal Benchmarking of quantities and prices between areas (excluding outliers); Effective linkage between strategic plan, budget and follow-up; Cost reduction initiatives designed at budget meetings. Focus on the main levers of Distribution: Field Service management; Back office management; Retail channels; Delinquency control. Strategic Sourcing (MSO); Cross-sectional macro processes; Corporate center cost evaluation and allocation.

28 Personal 1, ,088 1, Material, Third-party Services and Others 1) PMTO without PDD and contingencies; 2) PMTO adjusted by inflation; 3) Does not considers Jari, Cachoeira, Pecem, APS and Pantanal.

29 3% 6% 16% 8% 34% 35% 20% 14% 37% 30% Hydro Generation Termal Generation Distribution Transmission Commercialization Solar Photovoltaic

30 12.9% 13.1% 13.5% 13.7% 14.5% 14.1% 13.5% 12.3% % Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Average Term Maturity Net Debt/EBITDA 12m Pre-tax Average Cost 24% 21% 30.0% 25.0% EDP SP EDP ES ENERPEIXE LAJEADO EDP PCH 14% 20.0% 15.0% Apr/17 Jul/ % Nov/ % Dec/ Dec-15 Dec-16 Dec %

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32 Enel CPFL Neoenergia Copel Light Equatorial Eletrobrás CEMIG Energisa Alupar TAESA CTEEP Cesp Elektro AES Eletropaulo AES Tietê

33 If the total production of hydroelectric plants in Brazil exceeds the sum of their physical guarantees, the GSF is greater than 1 Energy allocated to each Agent will be its Physical Guarantee multiplied by the GSF The surplus energy is settled through the Short-Term Market Price (PLD). If the total production of hydroelectric plants in Brazil is lower than the sum of their physical guarantees, the GSF is smaller than 1 Energy allocated to each Agent will be its Physical Guarantee multiplied by the GSF The energy deficit is charged through the Short-Term Market Price (PLD).

34 99.4% 90.6% 84.7% 86.0% 81.4% GSF (Generation Scaling Factor) PLD Southeast

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36 Robotization and Artificial Intelligence Projects; Drones; Smart Grids Laboratory. imentors training programs in design thinking; Immersion in Silicon Valley; CER-Center of excellence in robotization for training of employees; EDP Starter program for startups acceleration: more than 150 subscription; 5 startups selected EDP Ventures: Creation of a Corporate Venture Capital vehicle for investment in startups

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