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INSTITUTIONALPRESENTATION4 Q 1 9 | R E S U L T S

Visãogeral

ISA CTEEP in the Transmission Sector

SustainableValue

Financial Highlights

A ISA CTEEP

WHY INVEST IN

ISA CTEEP

No demand risk and low default

risk

Strong Cash Generation

Minimum payout of 75% (regulatory

net income)

Dividends

Reference Company in

quality and O&M

Benchmark

ValuationValuation atrativo

Fitch: AAA(bra)

InvestmentGrade

Sustainable value creation

Profitability

Opportunities in retrofitting, greenfield projects and M&A

Growth

WHY INVEST IN

ISA CTEEP

Management of existingassets

▪ Tariff Reset

▪ RBSE (financial component remuneration)

▪ Law 4819 / SEFAZ

▪ Basic network access – “ConexãoPlus”

▪ Real Estate

▪ Biodiversity conservation and climate change mitigation program - 1st Jaguar Connection Project in Brazil

▪ Digitalization

▪ Asset Renewal

Operational excellence

and efficiency

New energy businesses

Social and environmental impact

Growth with sustainable value creation

▪ Auctions / M&A

▪ Retrofitting Projects

51%IE Madeira

Revenue² 2019/2020 cycle BRL 260 million

100%IENNE

Revenue 2019/2020 cycle BRL 46 million

ISA CTEEP

Revenue 2019/2020 cycle BRL 2,579 million

IE Serra do Japi 100%


100%IE Pinheiros


100%Evrecy


100%IE Sul


51%IE Garanhuns

Revenue² 2019/2020 cycle R$ 46 million

100%IEMG

Revenue 2019/2020 cycle

BRL 19 million

Largest publicy traded pure transmission utility in Brazil

▪ Transmission of 33% of Brazil’s energy

generation and 94% of the energy in the State of São Paulo

▪ Benchmark player in costs and quality

▪ Capacity in operation¹

▪ 18.6 thousand km of transmission lines

▪ 65.9 thousand MVA of transformation capicity

▪ 126 substations

▪ ISA CTEEP Revenue 2019/2020 cycle:BRL 3.1 billion2

Nota: ¹ Considers the full capicity of IE Madeira and IE Garanhuns² 2019/2020 Revenue Cycle proportional to ISA CTEEP’s participation

IE Itapura Bauru 100%


100%IE Itaúnas

Revenue2019/2020 cycle BRL 52 million

100%IE Biguaçú


50%IE Paraguaçu

Revenue²2019/2020 cycle BRL 59 million

Largest publicly traded pure transmission utility in Brazil

▪ Growth with sustainable value creation

▪ Construction capacity


▪ 1.7 thousand MVA of transformation capacity

▪ Organic growth¹: CapEx of BRL180 million/year with Revenue of BRL50 million/year

▪ Greenfield projects: ANEEL capex BRL5 billion with Revenue 2019/2020 cycle of BRL567 million

50%IE Aimorés


50%IE Ivaí


100%IE Tibagi


100%IE Itapura Lorena


100%IE Aguapeí

100%IE Itaquerê



Nota: ¹ Last 5 years average² Considers 2019/2020 Revenue

Cycle adjusted to ISA CTEEP’s participation

100%IEMG

Revenue auction BRL 33 million

100%

100%Evrecy

Revenue auction BRL 38 million

A successful story of growth, resilience and performance

1999 20132001 20122006 2007 20172016

‘000 km¹ of transmission lines

Consolidated regulatory EBITDA

ICVM 527 in BRL billion

TransmissãoPaulistamerger with EPTE

CESP spin off creates TransmissãoPaulista

Set up of RBSE compensation

(Ordinance 120 Ministry of Mining

and Energy

Winner bid for 3 lots in October

auction

Expansion to 17 Brazilian states through greenfield projects and acquisitions

ISA acquires CTEEP and

becomes the controlling

shareholder

Winner bid for 5 lots in April auction

Extension of Main Concession Contract (059/2001) for 30 years

2018

Winner bid for 2 lots in June auction

2019

0.1 0.71.1

1.6 0.2 0.7 1.6

11.5 12.3 15.4 17.7 18.6 18.6

2.5 2.3

18.6

Note: ¹ Information considers 100% of the projects

IE Itapura (Bauru) startup and winner bid for 3 lots in December auction

▪ Tickers: TRPL3¹ and TRPL4²

▪ Corporate Governance: Level 1 at B3

▪ Average daily volume in 2019:BRL 34 million

▪ Market cap³: BRL 16 billion

▪ Distribution of capital: 51% of foreign investors49% of Brazilian investors

▪ ADRs: “CTPTY” e “CTPZY”

▪ Coverage of 14 institutions :

Common shares: 89.5% Preferred shares: 1.3%

ISA35.8%

Common shares: 10.5%Preferred shares: 98.7%

Free Float64.2%

Common shares: 9.7% Preferred shares: 53%

Eletrobras36%

Common shares: 0.7% Preferred shares: 45.8%

Others28%

50% Hold

36% Sell

14% Buy

Common shares: 257,937,732 Preferred shares: 400,945,572 Total: 658,883,304

CONTROLLED BY ISAFREE FLOAT OF 64%

ISA CTEEP

Notes: ¹ Common share l ² Preferred share l ³On 12/31/2019

Shareholder Structure on 12/31/2019

Note: ¹On 12/31/2019

América Central

Brasil20% of participation in the Transmission market in 2019

Bolivia

Argentina

Peru70% of participation in

the Transmission market in 2019

Colombia70% of participation in the Transmission market in 2019

Chile12% of participation in the Transmission market

in 2019

▪ Largest high-tension electric transmission network in Latin America

INTERCONEXIÓN ELÉCTRICA, S.A.E.S.P.

A multilatina company recognized for the excellence of its operations

Solid Presence in Latin America:7 countries, 3 sectors, 43 companies

ISAOperational:

▪ 46,374 km of transmission lines

▪ 92,600 MVA in power capacity

Under construction :

▪ 7,431 km of transmission lines

▪ 15,482 MVA in power capacity

▪ Businesses in:

▪ Energy transmission

▪ Highway concessions

▪ Information Technology/Telecom

▪ Controlled by the Colombian government (51% of shares)

▪ Market cap: USD 6 billion¹

CORPORATE STRUCTURE

ISA CTEEP and its subsidiaries Assured Annual Revenue (RAP) 2019/2020 Cycle of BRL 3.7 billion

1 2019/2020 cycle RAP with PA, net of PIS and COFINS2 Presumed profit: presumed profit of 8% of operational revenue is calculated, with a 25% Income Tax rate on the presumed amount. CSLL presumes 12% on operational revenue, with 9% CSLL retained on presumed profit. Real Profit: 34% Income Tax and Social Security Contribution rates on real taxable profit

RAP ISA CTEEP

Cycle 2019/2020

(BRL million)

ISA CTEEP Operational São Paulo 2,579 2,579 Real Profit ISA CTEEP 100% Fully consolidated

IE Madeira Operational Rondônia / SP 511 260 Real Profit ISA CTEEP 51% / Furnas 24,5% / Chesf 24,5% Equity method

IE Ivaí Under construction Paraná 294 147 Real Profit ISA CTEEP 50% / TAESA 50% Equity method

IE Paraguaçu Under construction Bahia / MG 118 59 Real Profit ISA CTEEP 50% / TAESA 50% Equity method

IE Garanhuns Operational Pernambuco 91 46 Real Profit ISA CTEEP 51% / Chesf 49% Equity method

IE Aimorés Under construction Minas Gerais 79 40 Real Profit ISA CTEEP 50% / TAESA 50% Equity method

IE Aguapeí Under construction São Paulo 59 59 Presumed Profit ISA CTEEP 100% Fully consolidated

IE Serra do Japi Operational São Paulo 58 58 Presumed Profit ISA CTEEP 100% Fully consolidated

IE Pinheiros Operational São Paulo 57 57 Presumed Profit ISA CTEEP 100% Fully consolidated

IE Itaúnas Under construction Espírito Santo 52 52 Presumed Profit ISA CTEEP 100% Fully consolidated

IE Itaquerê Under construction São Paulo 51 51 Presumed Profit ISA CTEEP 100% Fully consolidated

IENNE Operational Tocantins 46 46 Presumed Profit ISA CTEEP 100% Fully consolidated

IE Biguaçu Under construction Santa Catarina 40 40 Presumed Profit ISA CTEEP 100% Fully consolidated

Minuano Under construction Rio Grande do Sul 38 38 Presumed Profit ISA CTEEP 100% Fully consolidated

Triângulo Mineiro Under construction Minas Gerais 33 33 Presumed Profit ISA CTEEP 100% Fully consolidated

IE Tibagi Under construction SP / Paraná 20 20 Presumed Profit ISA CTEEP 100% Fully consolidated

IEMG Operational Minas Gerais 19 19 Presumed Profit ISA CTEEP 100% Fully consolidated

IE Sul Operational Rio Grande do Sul 18 18 Presumed Profit ISA CTEEP 100% Fully consolidated

IE Itapura - Bauru Operational São Paulo 12 12 Presumed Profit ISA CTEEP 100% Fully consolidated

IE Itapura - Lorena Under construction São Paulo 11 11 Presumed Profit ISA CTEEP 100% Fully consolidated

Evrecy Operational Espírito Santo 10 10 Presumed Profit ISA CTEEP 100% Fully consolidated

Três Lagoas Under construction Mato Grosso do Sul / SP 5 5 Presumed Profit ISA CTEEP 100% Fully consolidated

Total 4,203 3,662

ConsolidationLocation

RAP Cycle

2019/2020¹

(BRL million)

Share (%)Profit Regime²

Corporate Governance Structure

Human ResourcesCommittee

AuditCommittee

Fiscal Council8 effective members, of

which 2 are independent and one is elected by the

employees

5 effective members

and 5 substitute

members

Board of Directors

Rui Chammas

CEO

Ethics and Transparencyrecognized at ISA and at ISA CTEEP level

2019 Transparency Trophy from ANEFAC

Experienced Management team focused on value creation

Shareholders

CFO and IRO COOInstitutional Relations Officer

Alessandro Gregori FilhoCarlos Ribeiro

Carlos Ribeiro(interim)

Chief Project Officer

Rui Chammas(interim)

CONNECTIONS THAT CREATE VALUE THROUGH

ACTIONS

▪ Forest projects that reduce the impact of greenhouse gases

▪ Climate change mitigation

▪ Conservation of biodiversity in jaguar’s habitat

JAGUAR CONNECTION:

▪ ~BRL 8 million in investments in 2019

▪ Projects related to Youth Leadership, Local Development, and the Environment

▪ Educational Focus

SOCIAL RESPONSIBILITY:Sponsorship with tax benefit

CONEXIONS THAT INSPIRE

C O N N E C T I O N S T O G E N E R A T E S U S T A I N A B L E V A L U E

DigitalizationReal Estate

OpportunitiesEnergy Storage

Operational safety optimization with cost reduction through substation

teleassistance and retrofitting

Ancillary Services

“Conexão Plus”

NEW BUSINESSESEFFICIENCY

A ISA CTEEP no Setor detransmissão

SustainableValue



A ISA CTEEP

T r ans m is s io n R ev enues ¹

(2 019 /2020 cyc l e )

36%

10%7%

9%

34%

4%

TAESAEletrobras AluparISA CTEEP State Grid Outros

Total:BRL 37 billion

IS THE PURE TRANSMISSION COMPANY IN THE SECTOR IN BRAZIL

Notes: ¹ Considers auctions held until December of 2018 | ² Interconnected National System| ³ National Electric Energy Agency | 4 National Operator of the Electric System

SIN² is composed of 135 thousand km of transmission lines and serves 98% of the market

The transmission sector is regulated and monitored by ANEEL³ and coordinated and controlled by ONS4

Transmission companies are remunerated by the availability of its assets. There is no demand risk and no default risk.

Source: ANEEL

Concessions prior to 1998

Concessions between 1999 and 2006

Concessions after November 2006

THE COMPANY’S MAIN IS IN

▪ Revenue (RAP) annually adjusted by IPCA

▪ Contracts renewed in 2013 (Provisional Measure 579/2012)

▪ Tariff Reset every 5 years (O&M, WACC and RAB¹)

▪ RAP annually adjusted by IGP-M

▪ 50% RAP reduction on the 16th year of operation

▪ No tariff reset

▪ Reset of reinforcements and improvements, starting in July 2019 every 5 years

▪ RAP annually adjusted by IPCA

▪ 30-year-contract, with 3 tariff resets (cost of debt applied at WACC)

▪ Reset of reinforcements and improvements every 5 years

RAP in operation: 70%



RAP under construction: 15%

Note: ¹ Regulatory Asset Base

▪ Revenue (RAP) approved by ANEEL with periodic tariff reset (“PTR”)

▪ RBSEReceivables related to the non depreciated assets in operation in May/2000 (Contract 059/2001)

▪ O&MPart of revenues that reimburses operational costs of concessionaires partially or fully. Defined in the PTR process and annually adjusted by inflation

▪ New Investments (NI)Organic growth with execution of authorized reinforcements and improvements

▪ Variable Parcel (PV)Revenue reduction due to unavailability

▪ Adjustment Parcel (PA)Compensates excess or deficit of revenues in the previews tariff cycle

Annual Costs of

Electric Assets

(CAAE)

O&M Revenue

(AOM)

Gross Investment x

%O&M

+Gross Investment x

Depreciation Rate

Net Investment x

Regulatory WACC

ISA CTEEP

Annual Allowed Revenue (RAP) Breakdown

DEMAND DOES NOT IMPACT TRANSCO’S REVENUE

PV

RBSE

(CAAE)

O&M

(AOM)

NI

(CAAE e AOM)

PA

PV

OTHERS¹

Note: ¹Other revenues consider bilateral and sharing contracts


Estratégiae gestão


SustainableValue

A ISA CTEEP

P E S S O A S

Regulação

Valor Justo

Jurídico

Gestãode Litígios

Crescimento

Disciplinade Capital

Integração

Subsidiárias

Projetos

CrescimentoOrgânico

Operação eManutenção

Eficiência, Qualidade,Segurança

REMUNERATION FROM ASSET AVAILABILITY

Note: ¹ Considers revenueproportional to ISA CTEEP’sparticipation in assets withpartnerships

BRL 3,585 million

RAP

Composition

of Contract

059

Contract 059

Subsidiaries in Operation

Subsidiaries in Construction

RBSE

O&M

New Investments

Assured Annual Revenue (RAP) - 2019/2020 Cycle¹

Focus in cost efficiency, service quality and operational safety to maximize results

0,0031%

0,0056%

0,0020%

0,0025%

0,007%

0,0010%

12,95

16,37

7,69

7,06

2,16

2,67

0,55

0,35

0,2

0,17

0,07

0,11ISA CTEEP

South

Southeast/Midwest

SIN

Northeast

North

FREQ (times)Equivalent Frequency of Interruption

DREQ (minutes)Equivalent Duration of Interruption

ISA CTEEP

South

Southeast/Midwest

SIN

Northeast

North

IENS (%)Index of Non-Supplied Energy

ISA CTEEP

South

Southeast/Midwest

SIN

Northeast

North e

December 2019 figures

OPERATIONALASSETS


▪ 65.9 thousand MVA of power transformation capacity

▪ Revenue (RAP) of BRL3.1 million¹

Note: ¹ 2019/2020 RAP Cycle weighted by ISA CTEEP’s participation

IENNE (100%) TL: 710 kmSubstation: noneRevenue: BRL 46 million

IE Garanhuns (51%)TL: 633 kmSubstation: 2,100 MVARevenue¹: BRL 46 million

IE SUL (100%) TL: 167 km Substation: 900 MVA Revenue: BRL 18 million

IE Madeira (51%)TL: 2.4 thousand km Substation: 7.5 MVA Revenue¹: BRL 260 million

ISA CTEEPLT: 14.3 thousand km Substation: 48,800 MVA RAP: R$ 2.6 billion

IE Serra do Japi (100%) TL: 137 km Substation: 2,000 MVA Revenue: BRL 58 million

IEMG (100%) TL: 173 km Substation: noneRevenue: BRL 19 million

Evrecy (100%)TL: 154 kmSubstation: 450 MVA Revenue: BRL 10 million

Substation

Line Entrance

TransmissionLine (TL)

In operation

IE Itapura – Bauru

(100%)1 Static Component (Bauru Substation) Revenue: BRL 12 million

IE Pinheiros (100%) TL: 1 km Substation: 4,200 MVA Revenue: BRL 57 million

RBSE (BASIC NETWORK OF EXISTING SERVICE) CASH FLOW BOOSTS CASH GENERATION FOR THE NEXT YEARS

▪ RBSE: receivables related to the non depreciated assets in operation in May/2000

▪ April of 2017 injunction determined temporary exclusion of Ke

▪ In November / 19, the judiciary dismissed some lawsuits, which led to the exclusion of Ke from the financial component, consequently the respective injunctions were no longer effective.

▪ In October of 2019 Bill 4,636/19 was approved in the House of Mines and Energy Commission, that proposes the exchange of Ke to WACC. This Bill is in discussion at the Finance and Taxation Committee (CFT) and will later follow to the CCJC and then to the Senate

Note: ¹ Net of PIS/COFINS. Amounts represent what was established for cycles 2017/2018 (REH ANEEL 2,258), 2018/2019 (REH ANEEL 2,408) and 2019/2020 (REH ANEEL 2,565). Premises for future cycle according to REN ANEEL 762/2017 and based on REH ANEEL 2,565. Regulatory WACC of 6.64%, that will be updated in the tariff review. Asset base is subject to write-offs in the tariff review process.

RBSE Receivables Schedule1 (BRL million)

PROCEEDINGS

LOWER HOUSE UPPER HOUSE EXECUTIVE

CME CFT CCJC COMMITTEES PLENARYSANCTION

VETOS

837711 747 747 747 747

347

785

729

750785 785 785 785

785

2018/2019

1,566

2019/20202017/2018 2020/2021 2022/20232021/2022 2023/2024 2024/2025

1,4611,532 1,532 1,532 1,532

1,132

785

246 253 264 264 264 264 264 264Ke 246 253 264 264 264 264 264 264

246 253 264 264 264 264 264 264WACC 151 156 163 163 163 163 163 163

Financial Component Economic Component

GUARANTEE ANADEQUATE

TARIFF RESET

▪ Transmission concession contracts renewed in 2013 are subject to a periodic tariff reset (“PTR”) every five years

▪ ANEEL opened Public Hearings 41/2017, 31/2018 and 09/2019 to discuss and improve 2018 PTR rules

▪ PTR was postponed to Cycle 2020/2021, with retroactive effects to 2018

Regulatory Operational Costs (O&M

Cost of Capital(WACC)

Regulatory Asset Base & Regulatory Price Reference

Improvements in smallscale

GUARANTEE ADEQUATETARIFF RESET

RegulatoryOperationalCosts

Cost of CapitalWACC

Regulatory Asset Base & Price Reference

▪ Technical Note (“TN”) 204/2018

▪ Reduction of O&M costs of 17% (vs. 19% TN 141/2018), phased in 5 years

▪ TN subject to approval in ANEEL board meeting

▪ New Price Reference approved by Resolution 2,514/2019

▪ Price Reference constructed based on investments in the sector between 2013 and 2017

▪ Evaluation report of assets should be presented to ANEEL in mid July of 2019 (ANEEL dispatch 1,140/2019)

▪ Next steps: ANEEL auditing of the report

▪ Opening of Public Hearing 09/2019 and publication of Technical Note 37/2019

▪ Increase of WACC from 6.64% to 7.32%

▪ Deadline to send contributions to Public Hearing on 12/02/2019

▪ Technical Note 215/2018

▪ Fixed revenue throughout the tariff cycle

▪ ANEEL proposal based on investments realized in the last years

Minor improvements

Nota: ¹ Considers project information (100%)² 2019/2020 RAP Cycle weighted by ISA CTEEP’s participation

IE Itaquerê (100%)3 Comp. Synchronous (Araraquara Substation) CAPEX ANEEL: BRL 398 millionRAP19/20 cycle : BRL 51 million ANEEL Term: Aug/21

IE Aguapeí (100%)TL: : 111 kmSubstation: 1.4 thousand MVA ANEEL CAPEX: BRL 602 millionRAP19/20 cycle: BRL 59 millionANEEL term: Aug/21

IE Paraguaçu (50%)²TL: 338 kmSubstation: none ANEEL CAPEX: BRL 510 millionRAP19/20 cycle : BRL 118 millionANEEL term: Feb/22

IE Itaúnas (100%)TL: 79 km Substation: 1,200 MVA1 Static Comp. ANEEL CAPEXc: BRL 298 millionRAP19/20 cycle : : BRL 52 million ANEEL term: Feb/22

IE Aimorés (50%)²TL: 208 km Substation: noneANEEL CAPEX: BRL 341 millionRAP19/20 cycle : BRL 79 millionANEEL term: Feb/22

IE Tibagi (100%)TL: : 18 km on double circuitSubstation: 500 MVA ANEEL CAPEX: BRL 135 millionRAP19/20 cycle : BRL 20 millionANEEL term: Aug/21

IE Ivaí (50%)²TL: 599 km (230/500 kV) in double circuitSubstation: 3 thousand MVA CAPEX ANEEL: BRL 2 billionRAP19/20 cycle : BRL 294 million ANEEL term: Aug/22

Under construction

Substation

Line Entrance

TransmissionLine (TL)

IE Itapura – Lorena (100%)TL: 6 km of double circuit Substation: 1,200 MVA CAPEX ANEEL: BRL 238 millionRAP19/20 cycle : BRL 11 millionANEEL term: Sep/22

IE Biguaçú(100%)TL:: 57 km Substation: 300 MVA ANEEL CAPEX: BRL 641 millionRAP19/20 cycle : BRL 40 millionANEEL term: Sep/23

ASSETS UNDER CONSTRUTION

▪ 2 thousand km of transmission lines1

▪ 12 thousand MVA of power transformation capacity1

▪ Revenue (RAP) of BRL 556 million²

Evrecy (100%) MinuanoTL: 169 kmSubstation: 2.7 thousand MVA CAPEX ANEEL : BRL 682 millionRAPauction: BRL 38 millionANEEL term: Dec/24

Três LagoasTL: 37 kmSubstation: noneCAPEX ANEEL: BRL 99 millionRAP19/20 cycle : BRL 5 millionANEEL term: Jun/23

IEMG (100%) Triângulo MineiroTL: 173 kmSubstation: 1.6 thousand MVACAPEX ANEEL: BRL 554 millionRAPauction: BRL 33 million ANEEL term: Dec/24

GROWTH OPPORTUNITIES

TO CREATE VALUE GREENFIELD PROJECTS AND RETROFITTING

M&AConstantly evaluating market opportunities for consolidation

2029 Decennial Energy Plan

▪ BRL 104 billion of investments in transmission estimated for 2020-2029

▪ 70% in retrofitting projects

▪ 30% in greenfield projects

2020 Auction

▪ 2 auctions scheduled for 2020 with an investment opportunity of BRL 11 billion

▪ 1H20: 6 lots, 240 km of transmission lines, 1,500 MVA of power and an estimated CapEx of BRL 2 billion

▪ 2H20: 13 lots, 3,000 km of transmission lines, 5,600 MVA of power and estimated CapEx of BRL 9 billion

ISA CTEEP in theTransmission Sector

SustainableValue

DestaquesfinanceirosFinancialHighlights

A ISA CTEEP

51% 76% 83% 81%

NET REVENUE (BRL MILLION)

951

20172016 2018 2019

1,778

2,767 2,775

488

20172016

1,351

2018

2,254

2019

2,287

467509 538 594

20182016 2017 2019

229

615

201920182016 2017

1,276 1,222

Notes: ¹ Excluding depreciation and contingencies

The figures for Net Revenue and EBITDA do not consider results of affiliates, which are accounted for as equity income

²Net income adjusted for non-controlling interest

O&M COSTS¹ (BRL MILLION)

EBITDA ICVM 527 (BRL MILLION) NET INCOME (BRL MILLION)²

EBITDAMargin

REGULATORY RESULTS HIGHLIGHTS

STRONG CASH GENERATION BOOSTED BYRBSE

SOLID DEBT PROFILE WITH

▪ Debt Amortization Schedule (BRL million) Debt Breakdown

Debt Profileon 12/31/2019

▪ Gross Debt: BRL 3.2 billion

▪ Average cost: 7.5% p.a

▪ Average term: 4 years

▪ Net Debt / EBITDA: 1.0x

Investment Grade by Fitch: AAA(bra)

1,077

24782 78

390

713 657

51

2021 20242023 2030+2020 20252022 2026 +

58%

6%

17%

19%

Debentures - CDI/ IPCA Outros BNDES - TJLP LEI 4.131

▪ Minimum payout of 75% of regulatory net income limited to the financial covenant of 3.0x Net Debt/EBITDA

▪ Proceeds via interest on capital and dividends payments

▪ Dividend yield of 7% in 2019

226 335 247

585

1,985

Strong cash generation allows higher dividends

995

(BRL million)

PayoutRegulatório

91% 136% 101% 92% 154% 81%

2014 2015 2016 2017 2018 2019

e-mail: [email protected]: +55 11 3138-7407

www.isacteep.com.br/ir

INVESTORRELATIONS

mailto:[email protected]

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