3rd Quarter 2009 Results Presentation

1. 3Q09 Results
Presentation
São Paulo, November 16th 2009
© Todos os direitos reservados para CTEEP

2. Agenda
Company Update
3Q09 Results
Capital Market Performance
Capitalization of Goodwill
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 2

3. Company Update
Leading private sector energy
transmission concessionaire in
Brazil.
Responsible for transmission of
30% of electricity produced in the
country and 60% of consumption
in the Southeast.
First São Paulo electricity energy
company to sign up to Bovespa’s
Level 1 Corporate Governance.
Footprint in 12 states.
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 3

4. CTEEP and its Shareholder’s Breakdown
Common Shares - TRPL3 Preferred Shares - TRPL4
(42% of the total) (58% of the total)
0,75% 35,58%
9,85% ISA Capital do Brasil
53,74%
Eletrobrás
Eletrobrás
Others
Finance Secretary
89,40% Others
10,68%
Total Capital Stock
27,17% 37,50%
ISA Capital do Brasil
Eletrobrás
Others
35,33%
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 4

5. Agenda
Company Update
3Q09 Results
Capital Market Performance
Capitalization of Goodwill
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 5

6. Net Revenue
Revenue linked to uptime of the Company’s assets
(R$ million)
-1.9%
+6.6%
448,7 440,4
413,1
3Q08 2Q09 3Q09
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 6

7. Cost of Operating Expenses
Main changes:
The increase in payroll expenses in 3Q09 against the same period in 2008 is due to the annual wage
bargaining agreement of 6.2% in August 2009;
The increase in outsourced services for employee training and development, and the cost of sterilizing
working environments;
In 3Q09, expenses relating to allowances for contingencies fell by 24.7% as compared with 3Q08,
principally due to the reduction in volume of new processes.
Cost of Services and General and Administrative Expenses
Change % Change %
(R$' 000) 3Q09 2Q09 3Q08
2Q09/3Q09 3Q08/3Q09
Personnel (28,686) (28,373) (27,469) 1.1% 4.4%
Material (5,654) 108 (2,144) N/A 163.7%
Services (23,013) (22,792) (18,775) 1.0% 22.6%
Depreciation (47,192) (47,012) (45,481) 0.4% 3.8%
Contingencies (17,248) (2,390) (22,902) 621.7% -24.7%
Other (7,033) (6,762) (7,854) 4.0% -10.5%
Total (128,826) (107,221) (124,625) 20.1% 3.4%
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 7

8. EBITDA
Strong Cash Generation
(R$ million)
85,4%
85,0%
82,4%
650,0 81,5%
-2.9%
80,0%
+1.7%
369,2 352,9 358,8
75,0%
300,0
70,0%
(50,0) 65,0%
3Q08 2Q09 3Q09
Ebitda Ebitda Margim
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 8

9. Financial Results
The principal factor impacting this item was the growth in charges on debt, most notably on
commercial papers notes settled in 2Q09;
Excluding interest on shareholders’ equity from financial expenses, the financial result would have
reported an expense of R$ 17.6 million in the quarter.
Change % Change %
Financial Income (R$' 000) 3Q09 2Q09 3Q08
1Q09/2Q09 2Q08/2Q09
Income from financial investments 3,541 4,383 4,951 -19.2% -28.5%
Interest on assets 888 943 997 -5.8% -10.9%
Net monetary variations 2,009 3,377 1,097 -40.5% 83.1%
Other 231 200 189 15.5% 22.2%
Total Financial Income 6,669 8,903 7,234 -25.1% -7.8%
Change % Change %
Financial Expenses (R$' 000) 3Q09 2Q09 3Q08
1Q09/2Q09 2Q08/2Q09
Interest on own capital (62,055) (63,938) (60,388) -2.9% 2.8%
Interest on liabilities (14,367) (15,944) (17,873) -9.9% -19.6%
Charges on promissory notes 0 - 0 - -
Other (1,033) (889) (542) 16.2% 90.6%
Total Financial Expenses (86,335) (90,050) (78,803) -4.1% 9.6%
Financial result, net (R$' 000) (79,666) (81,147) (71,569) -1.8% 11.3%
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 9

10. Net Income
(R$ million)
-5.4%
-0.4%
300,0
231,1 219,7 218,7
(50,0) 3Q08 2Q09 3Q09
Earnings per share of R$ 1.45 in the second quarter of 2009.
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 10

11. Breakdown of Debt in 3Q09
Optimization of Capital Structure
TJLP
55.52%
CDI
44.20%
Others
0.29%
Funding Charges Maturity 3Q09 2Q09
BNDES
CTEEP TJLP + 2.3% ano 6/15/2015 537,325 560,628
IEMG TJLP + 2.3% ano 6/15/2023 41,434 42,197
Commercial Papers
sd
2 Issue 119.5% do CDI 4/19/2010 208,322 202,622
th
3 Issue 106.5% do CDI 1/13/2010 202,960 -
123% do CDI 7/17/2009 - 20,084
113% do CDI 7/30/2009 - 20,008
Banks
2.5% do CDI 2/14/2010 37,720 -
3% do CDI 4/15/2010 11,752 -
Eletrobrás 8% ao ano 11/15/2021 503 516
Leasing - 2,332 2,373
Total 1,042,348 848,428
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12. Company Update
3Q09 Results
Capital Market Performance
Capitalization of Goodwill
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 12

13. Capital Market Performance
Trading Financial - 3Q09
(R$ million)
Total R$ 521.59 million Daily Avarege: R$ 8.15 million
20.00
18.00
16.00
14.00
12.00
10.00
8.00
6.00
4.00
2.00
0.00
Jul-09 Aug-09 Sep-09
44.8 thousand trading transactions in
EVOLUTION - 9M09
IBOV x IEE x TRPL4 x TRPL3 3Q09 (701 daily average traded). Growth of
84.6% compared with 3Q08;
63,83%
Present on all trade days;
46,03%
27.17% Free-float ;
18,45%
15,36%
Component of Ibovespa;
R$ 7.6 billion market capitalization.
TRPL3 TRPL4 IEE IBOV
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 13

14. 3Q09 Shareholder Remuneration
Date of
Date Type Ex-date Fiscal Year Amount (R$) Per Share
Payment
3/31/2009 Juros 4/14/2009 2009 63,235,647.08 0.423590 4/24/2009
6/19/2009 Juros 6/23/2009 2009 63,938,332.64 0.428297 7/1/2009
6/30/2009 Dividendos 7/7/2009 2009 60,842,175.35 0.407557 7/21/2009
9/30/2009 Juros 10/7/2009 2009 62,055,436.65 0.411900 10/21/2009
9/30/2009 Dividendos 10/7/2009 2009 103,444,563.35 0.686625 10/21/2009
TOTAL OF PAYMENT - 2009 R$ 353,516,155.07 R$ 2.35797
In 3Q09, the Company authorized the payout of R$ 62.0 million in interest on shareholders’
equity corresponding to R$ 0.411900 per shares and R$ 103.4 million in dividends, equivalent
to R$ 0.688825 per share.
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 14

15. 3Q09 Investor Relations Events
The Abrasca Award for the Creation of Shareholder Value – Sectoral
Highlight in the Electric Energy Segment: CTEEP received the award on
October 28 2010 in recognition of creation of shareholder value;
Holding of the 1st Analysts Meeting at the Company’s head office providing
the opportunity for CTEEP to discuss the details of ANEEL’s recently
published Ratifying Resolution 843 setting the RAP for the 2009/2010 cycle;
1 non-deal national roadshow (São Paulo);
35 meetings held at the Company’s head office and more than 250
responses by e-mail and telephone during the quarter;
At the end of 3QO9, 9 institutions were providing Company coverage – an
increase of 80% over the past twelve months.
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 15

16. Agenda
Company Update
3Q09 Results
Capital Market Performance
Capitalization of Goodwill
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 16

17. Capitalization of Goodwill
The Extraordinary General Meeting of June 16 approved the increase
in the capital stock of up to R$ 70.5 million with the following characteristics:
R$ 26.4 million in favor of the controlling shareholder, ISA Capital do Brasil,
paid from the special reserve for goodwill as registered in CTEEP’s
shareholders’ equity;
The right to subscribe up to R$ 44.1 million was granted to the other
shareholders in such a way as not to dilute their stakes in the Company’s
capital stock;
The average price established at R$ 45.97 per share for both classes of
share considering the average trading price for preferred shares in the two
months prior to the last trading day before the EGM;
The maximum quantity of new shares to be issued is 1,534,717, which
would represent an increase in capital stock of 1.03% in the number of
shares; and
The subscription period was from June 17 2009 to July 17 2009.
Following the termination of the subscription period on July 17 the total amount
subscribed was R$ 63,049,004.25, corresponding to 89.4% of the total capital
increase proposed.
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 17

18. Disclaimer
All statements contained herein with regard to the Company’s
business prospects, projected results and the potential growth
of its business aremere forecasts, based on local management
expectationsin relation to the Company’s future performance.
Dependent as they are on market shifts and on the overall
performance of the Brazilian economy and the sector
and international markets, such estimates
are subject to changes.
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 18

19. Investor Relations
Phone: +55 11 3138-7557
email: ri@cteep.com.br
www.cteep.com.br/ir
3Q09 Results Presentation © Todos os direitos reservados para CTEEP 19