Apresentação sem discurso 2 t10 aes eletropaulo final_eng

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Financial Operational ,[object Object],[object Object],[object Object],[object Object],One-off effects ,[object Object],Dividends ,[object Object],Subsequent events

Consumption Evolution - (GWh) 1 ,[object Object],Free Clients 1,720 2,010 Captive Market 8,493 8,894 Residential Industrial Commercial Public Sector and Others Total Market 660 2,626 1,465 3,742 10,212 683 3,917 1,541 2,753 10,904 +5% +5% +3 % +5% +7% +5 % +17% 1 – Own consumption not considered 2Q10 2Q09

Collection rate – % over Gross Revenues Losses – % last 12 months 5,3 6 98.5 2009 2008 2Q09 101.6 2Q10 103.1 101.1 99.5 2007 1 2008 2007 2Q10 5.1 6.5 11.6 5.0 6.5 11.5 Commercial Losses Technical Losses 2 2009 5,3 6,5 11.8 6.5 4.8 6.5 11.3 2Q09 6,5 6.5 5.5 12.0 ,[object Object],1 – The previous calculation methodology 2 - Current Technical Losses used retroactively as reference

[object Object],SAIFI 2 SAIDI 1 2007 2009 2Q09 7.87 8.49 8.41 2Q10 1 o 5.64 5.20 5.48 2008 6.17 6.73 9.20 8.90 2007 2008 13.39 2Q10 11.34 10.92 2009 3 o 2Q09 5 o 11.86 10.09 10.47 8 o 1 o 7 o 1 – System Average interruption Duration Index 2 – System Average Interruption Frequency Index Sources: ANEEL, AES Eletropaulo and ABRADEE ABRADEE ranking position among the 28 utilities with more than 500 thousand customers ,[object Object],[object Object],SAIDI (hours) SAIDI Aneel Target SAIFI (times) SAIFI Aneel Target

CAPEX – R$ million 2Q10 Investments Paid by customers 2008 410 457 Capex 47 103 112 9 2Q09 125 131 6 2Q10 2009 516 478 37 2010(e) 637 54 691 ,[object Object],14% 20% 55% 5% 3% 3% Customer service / System expansion Paid by the clients Losses recovery Maintenance IT Other

Gross Revenue - R$ million Deductions to Gross Revenue Net Revenue ,[object Object],2Q09 2Q10 1,051 1,893 2,944 1,210 2,208 3,418 +16 % +16 % 1H09 1H10 2,101 3,743 5,844 2,353 4,339 6,692 +15 % +16 %

[object Object],Operating Costs and Expenses 1 - R$ million PMS² and Other Expenses Energy Supply and Transmission Charges 1 - Depreciation not include and other operating income and expenses 2 - Personnel, Material and Services 2Q09 2Q10 367 1,174 1,541 326 1,400 1,726 +12 % -11 % +19 % 1H09 1H10 655 2,371 3,026 667 2,806 3,473 +15 % +2 % +18 %

Operating Expenses 2 – R$ million Materials, services and others 2Q10 341 (6) (51) 2Q09 367 Personnel Provisions and Contingencies (4) ADA 1 and write-offs 9 FCesp 11 ,[object Object],326 1 - Allowance for doubtful accounts 2 – Depreciation not include and other operating income and expenses

Ebitda – R$ million ,[object Object],2Q09 2Q10 +114% 1H09 1H10 +58% 342 732 697 1,102

Ebitda – R$ million 2Q10 732 (226) 315 2Q09 342 (11) Other 1 FCesp 4 ,[object Object],6 51 265 (14) AES EP Telecom 1 - Materials, Services and others Net Revenue Energy Supply and Transm. Charges Provisions and Conting. ADA and write-offs Personnel and taxes

(without non recurring items) Financial Result - R$ million 2Q09 2Q10 (10) ,[object Object],71 (48) 37 1H09 1H10 Financial Result - R$ million 2Q09 2Q10 (10) (36) - 260% (48) 1H09 (70) - 46% 1H10

Net Income - R$ million (without non recurring items) 2Q09 2Q10 +201% 155 466 1H09 302 1H10 622 +106% Net Income - R$ million 2Q09 2Q10 +42% 155 220 1H09 302 1H10 377 +25% ,[object Object],[object Object],[object Object],[object Object]

Managerial Cash Flow – R$ million ,[object Object],Inicial Cash Operating Cash Flow Investments Net Financial Expenses Net Amortizations CESP Foundation Income Tax Dividends Free Cash Flow Final Cash 2Q09 1,258 426 (113) (23) (54) (56) (83) 97 989 (366) 1Q10 1,249 572 (135) (81) (14) (48) (73) 221 1,470 - 2Q10 1,470 584 (115) (85) 265 (43) (109) 804 1,786 (489) EP Telecom sell - - 308

Amortization Schedule – Principal – R$ million Local Currency (ex FCesp) FCESP 1 2010 2011 2012 2013 2014 2015 2018-2028 2017 2016 524 251 277 296 525 223 553 56 1,361 65 39 322 342 365 599 301 1,914 312 332 416 71 69 74 79 84 89 223 39 ,[object Object],1 - FCesp = Pension Fund

Net Debt Average Cost and Average Term (Principal) ,[object Object],2007 3.0 2008 2.5 1.8x 1.5x 1.8x 2.9 1.7x 2Q10 3.0 2Q09 1.3x 2009 3.2 6.8 7.1 7.0 CDI² Average Term - Years 7.1 2007 121.8% 2008 123.9% 2Q10 106.3% 2Q09 113.4% 2009 87.1% 6.9 Net Debt (R$ billion) Net Debt / EBITDA Adjusted 1 with FCesp 1 – Last 12 months of EBITDA Adjusted 2 - Brazil’s Interbank Interest Rate

Average Daily Volume 3 - R$ thousand 2007 2008 26,066 25,677 2009 21,960 1 – Index: 06/30/2009 = 100 2 – Index: 03/31/2010 = 100 3 – Preferred shares class B (Without dividends adjustments) AES Eletropaulo 1 X Ibovespa X IEE 2Q10 25,832 ,[object Object],IBOV IEE ELPL6 60 80 100 120 140 160 180 Jun-09 Sep-09 Dec-09 Mar-09 Jun-10 Last 12 months¹ 3.5% 17.8% 18.4% 70 80 90 Mar-10 Apr-10 May-10 Jun-10 100 2Q10 2 -7.8% -0.6% -13.4%

Apresentação sem discurso 2 t10 aes eletropaulo final_eng

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Apresentação sem discurso 2 t10 aes eletropaulo final_eng