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Corporate Presentation
July 2014
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Light Holdings
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4
56
7
Light in numbers
Amaznia Energia
Renova
Guanhes Energia
Generation
Complexo de Lajes
Distribution RJ StateConcession
Area%
Population 16 mn 11 mn 68%
Area 44,000 Km 11,000 Km 25%
GDP R$ 407 bn R$ 207 bn 51%
# Consumers 7 mn 4 mn 57%
# Municipalities 92 31 34%
5
HPP Ilha dos Pombos
SHP Paracambi
HPP Santa Branca
1
2
3
1 IBGE (2010)
4
6
7
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RankingsAmong the largest players in Brazil
INTEGRATEDNet Revenues 2013* R$ Billion
GENERATION PRIVATE-OWNED COMPANIESInstalled Hydro-generation Capacity (MW) 2013
37,767
25,77722,926
21,783 20,391
15,634
15.6
10.69.2
7.47.1
5,560
2,652 2,241 2,219
1,799 896
DISTRIBUTIONEnergy Consumption in Concession Area** (GWh) - 2013
1 Source: Companies reports
2 Source: Relatrio do Sistema de Apoio
a ANEEL
* Construction Revenue Included
** Captive Market
*** Considers the 9 MW of Renovas SHPs
and 19 MW of Brasil PCH
***
14.6
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Shareholders StructureEfficient combination of solid industry and financial players
11 Board members: 8 from the controlling
group, 2 independents e 1 employeesnominated
A qualifying quorum of 7 members to
approve relevant proposals such as: M&A
and dividend policy
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Corporate Governance
General Assembly
Fiscal Council
Board of Directors
AuditorsCommittee
Governance andSustainability
Committee
HumanResourcesCommittee
FinancesCommittee
ManagementCommittee
Chief ExecutiveOfficerChief ExecutiveOfficer
CorporateManagement Officer
Joo B. Zolini Carneiro Ricardo Cesar C. Rocha Evandro L. Vasconcelos Andreia Ribeiro Junqueira
Fernando Antnio F.Reis Paulo Carvalho Filho Evandro L. Vasconcelos*
Paulo Roberto R. Pinto
ChiefCommunications
Officer
Luiz Otavio Ziza Valadares
Interim*
Chief Financial andInvestor Relations
Officer
Chief Legal Officer
Chief HR OfficerChief Distribution
OfficerChief Energy Officer
Chief BusinessOfficer
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Energy ConsumptionDistribution Quarter
1Note: To preserve comparability in the market approved by Aneel in the tariff adjustment process.the billed energy of the free customer CSN has been considered back.
TOTAL MARKET (GWh)
Industrialcaptive
4.9%
Free17.1%
Otherscaptives
13.2%
Commercial
captive27.6%
Residentialcaptive37.3%
+7.8%
6,8416,8416,8416,8416,1806,1806,1806,180
27.0C27.0C27.0C27.0C
28.3C28.3C28.3C28.3C
1Q1Q1Q1Q12121212
6,2916,2916,2916,291 7,3747,3747,3747,374
1Q1Q1Q1Q11111111
26.9C26.9C26.9C26.9C
27.827.827.827.8CCCC
+5.4% a.a.
1Q1Q1Q1Q13131313 1111Q14Q14Q14Q14
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Market Breakdown
RESIDENTIAL INDUSTRIALCOMMERCIAL OTHERS TOTAL
1Q1Q1Q1Q13131313 1Q1Q1Q1Q14141414
ELECTRICITY CONSUMPTION (GWh)
TOTAL MARKET QUARTER
1111Q13Q13Q13Q13 1111Q14Q14Q14Q14 1111Q13Q13Q13Q13 1111Q14Q14Q14Q14 1111Q13Q13Q13Q13 1111Q14Q14Q14Q14 1111Q13Q13Q13Q13 1111Q14Q14Q14Q14
FREECAPTIVE
+7.8%
5,5725,5725,5725,572 6,1176,1176,1176,117
6,8416,8416,8416,841
1,2691,2691,2691,2691,2571,2571,2571,257
7,3747,3747,3747,374
+6.1%
913913913913 970970970970
966966966966
53535353 55555555
1,0251,0251,0251,025
+8.3%
2222,093,093,093,093
215215215215233233233233
2,2672,2672,2672,267
359359359359 360360360360
1,3591,3591,3591,359
1,0001,0001,0001,000 970970970970
1,3301,3301,3301,330
+13.6%
2,4232,4232,4232,423
2,7522,7522,7522,752
-2.1%
1,8771,8771,8771,877 2,0342,0342,0342,034
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Losses and CollectionEncouraging results already appear from an integrated approach
LOSS (12 MONTHS)
% Non% Non% Non% Non----technicaltechnicaltechnicaltechnicallosses/ LV Marketlosses/ LV Marketlosses/ LV Marketlosses/ LV Market
NonNonNonNon----technical lossestechnical lossestechnical lossestechnical losses GWhGWhGWhGWh Technical lossesTechnical lossesTechnical lossesTechnical losses GWhGWhGWhGWh
% Non% Non% Non% Non----technical losses /technical losses /technical losses /technical losses /LV MarketLV MarketLV MarketLV Market ---- RegulatoryRegulatoryRegulatoryRegulatory
42.2%42.2%42.2%42.2%
43.7%43.7%43.7%43.7%
5,7385,7385,7385,738
2,6142,6142,6142,614
8,5528,5528,5528,552
44.2%44.2%44.2%44.2%
MarMarMarMar/13/13/13/13 Jun/Jun/Jun/Jun/13131313
42.4%42.4%42.4%42.4%
6,0296,0296,0296,029
2,6182,6182,6182,618
8,7488,7488,7488,748
DecDecDecDec/13/13/13/13
5555,955,955,955,955
2,7932,7932,7932,793
8,3528,3528,3528,352
MarMarMarMar/14/14/14/14
44.9%44.9%44.9%44.9%
5,9535,9535,9535,953
2,6292,6292,6292,629
8,6478,6478,6478,647
SepSepSepSep/13/13/13/13
5,9055,9055,9055,905
2,6472,6472,6472,647
8,5828,5828,5828,582
- 2.5%
PBD/GROSS REVENUE
(BILLED SALES) - 12 MONTHS
Mar/Mar/Mar/Mar/12121212 MMMMar/ar/ar/ar/1 41 41 41 4Mar/13Mar/13Mar/13Mar/13
3.03.03.03.0%%%% 2.82.82.82.8%%%%
1.8%1.8%1.8%1.8%
-1.0 p.p.
COLLECTION RATE
12 MONTHS
99.5%99.5%99.5%99.5% 98.798.798.798.7%%%%
Mar/Mar/Mar/Mar/13131313 Mar/14Mar/14Mar/14Mar/14
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Macro StrategyRevenue shielding through efficient combination of electronic meters and
effective workforce management
OutOutOutOut ofofofof FavelasFavelasFavelasFavelas
FavelasFavelasFavelasFavelas
CLIENTS ENERGY AND STATUS
Retail and residential clients(Low Voltage)
4,100,000
Low VoltageLargest Clients
22,000
LargeClients
(hight andmed voltage)
7,600
11,500 GWh (48%)
100% Concluded
2,700 GWh (11%)1/3 as of today until 2015
10,000 GWh (41%)
APZ
351351351351
2010201020102010 2011201120112011 20132013201320132012201220122012
303030307777
79797979
102102102102
227227227227122122122122
432432432432
197197197197115115115115
272272272272330330330330
MarMarMarMar----14141414
109109109109
467467467467
358358358358
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New Technology Program
Technology used in regions in which conventional measures are not effective
Areas that present high levels of non-technical losses
Light aims to reduce losses through investments in new technologies, integration of operationalactivities, increase of public awareness and institutional partnerships with interested agents.
Grid shielding projects
Actual gridActual gridActual gridActual grid Shielded gridShielded gridShielded gridShielded grid
Control roomControl roomControl roomControl room
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Focused in areas with 10,000 to 20,000 clients with high level of losses anddelinquency;
Fully-dedicated teams of technicians and commercial agents;
Results constantly and accurately monitored by Light;
Result-linked remuneration for services provided;
27 units implemented with 446,000
clients (11% of total clients);
200 thousands additional clients per year.
Zero Losses AreaProject: Light Legal (APZ Zero Losses Area)
ELECTRONICMETERS
WORKFORCEMANAGEMENT
PARTNERSHIP WITH THE STATEGOVERNMENT
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APZ COLLECTIONAPZ LOSSES
Evolution of APZs ResultsSignificant loss reduction and increasing collection rate
BeforeBeforeBeforeBefore
50.250.250.250.2 %%%%
20.7%20.7%20.7%20.7%
89898989.2%.2%.2%.2%
95.9%95.9%95.9%95.9%
BeforeBeforeBeforeBefore
100.7%100.7%100.7%100.7%
98.2%98.2%98.2%98.2% 97.9%97.9%97.9%97.9% 98.3%98.3%98.3%98.3%
24.8%24.8%24.8%24.8%23.6%23.6%23.6%23.6%
22.5%22.5%22.5%22.5%21.2%21.2%21.2%21.2%
Mar/14
Mar/14
Mar/14
Mar/14
Dec
Dec
Dec
Dec/12/12/12/12
Mar/13
Mar/13
Mar/13
Mar/13
Jun/13
Jun/13
Jun/13
Jun/13
Sep
Sep
Sep
Sep/13/13/13/13
Mar/14
Mar/14
Mar/14
Mar/14
Dec
Dec
Dec
Dec/12/12/12/12
Mar/13
Mar/13
Mar/13
Mar/13
Jun/13
Jun/13
Jun/13
Jun/13
Sep
Sep
Sep
Sep/13/13/13/13
-29.5%
+6.7%
Dec
Dec
Dec
Dec/13/13/13/13
99.5%99.5%99.5%99.5%
DDDDecececec/13/13/13/13
20.3%20.3%20.3%20.3%
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Regulatory Allowance for Non-Technical LossesHigher recognition of losses linked to targets achievementAdditional revenues to be invested in losses combat and booked as
special obligations (ex-RAB)
2013201320132013 2014201420142014 2015201520152015 2016201620162016 2017201720172017 2018201820182018
RegulatoryRegulatoryRegulatoryRegulatory LossesLossesLossesLosses
TargetTargetTargetTarget
RegulatoryRegulatoryRegulatoryRegulatory LossesLossesLossesLosses withwithwithwith PenaltyPenaltyPenaltyPenalty
FinalFinalFinalFinal ProposalProposalProposalProposal ((((accordingaccordingaccordingaccording totototo methodologymethodologymethodologymethodology
PreliminaryPreliminaryPreliminaryPreliminary ProposalProposalProposalProposal ((((accordingaccordingaccordingaccording totototo methodologymethodologymethodologymethodology
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GENERATIONBUSINESS
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855 MW Installed CapacityConcessions Expiring Only in 2026
HPP Santa Branca
56 MWHPP Ilha dos
Pombos 187 MW
HPP Fontes Nova
132 MWHPP Underground
Nilo Peanha - 380 MWHPP Pereira Passos
100 MW
SP
RJ
HPP SantaBranca
Paraiba do Sul River
HPP Ilha dosPombos
100%
100%100%100%
LajesComplex
100%
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Re-pricing of existing energySignificant price increase due to replacement of former regulated contracts for new
ones with free clients
ContractedContractedContractedContracted Energy (Energy (Energy (Energy (FreeFreeFreeFree HedgeHedgeHedgeHedgeAvailableAvailableAvailableAvailable EnergyEnergyEnergyEnergy
CONVENTIONAL ENERGY BALANCE
ASSURED ENERGY (MW average)
2014201420142014 2015201520152015 2016201620162016 2017201720172017 2018201820182018 2019201920192019 2020202020202020 2021202120212021
Average sale priceto free market
(R$/MWh)149149149149 144144144144 161161161161 158158158158 161161161161 175175175175 178178178178 178178178178
549549549549
39393939
510510510510
28282828 28282828 28282828 28282828 28282828 28282828 28282828
549549549549 549549549549 549549549549 549549549549 549549549549 549549549549 549549549549
471471471471
352352352352 351351351351 309309309309239239239239 228228228228 228228228228
51515151
169169169169 170170170170 213213213213283283283283 294294294294 294294294294
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Generation ExpansionGrowth in renewable generation with experienced partners
ProjectProjectProjectProject InstalledInstalledInstalledInstalled CapacityCapacityCapacityCapacity
(MW(MW(MW(MW
AssuredAssuredAssuredAssured EnergyEnergyEnergyEnergy
((((MWaverageMWaverageMWaverageMWaverage
OperationalOperationalOperationalOperational StartStartStartStart StakeStakeStakeStake
ParacambiParacambiParacambiParacambi 25252525 20202020 2012201220122012 51%51%51%51%
RenovaRenovaRenovaRenova425 (in425 (in425 (in425 (in operationoperationoperationoperation
1,806 (1,806 (1,806 (1,806 (contractedcontractedcontractedcontracted
235 (in235 (in235 (in235 (in operationoperationoperationoperation
921 (921 (921 (921 (contractedcontractedcontractedcontracted
2008200820082008 ---- 2012201220122012
2014201420142014 201820182018201821.86%21.86%21.86%21.86%
Belo MonteBelo MonteBelo MonteBelo Monte 11,22311,22311,22311,223 4,5714,5714,5714,571 2015201520152015 2.49%2.49%2.49%2.49%
GuanhesGuanhesGuanhesGuanhes 44444444 25252525 2014201420142014 51%51%51%51%
LajesLajesLajesLajes 17171717 16161616 2015201520152015 100%100%100%100%
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Generation ExpansionInstalled Capacity (MW)
Light's proportional Participation
855855855855 855855855855 855855855855 855855855855 855855855855 855855855855 855855855855 855855855855 855855855855 855855855855 855855855855 855855855855
941941941941
1,0451,0451,0451,045 1,0631,0631,0631,063 1,0771,0771,0771,077
1,1761,1761,1761,176 1,2111,2111,2111,2111,3001,3001,3001,300
1,3711,3711,3711,371 1,4171,4171,4171,417
1,5401,5401,5401,5401,6601,6601,6601,660 1,6751,6751,6751,675
2H132H132H132H13 1H141H141H141H14 2H142H142H142H14 1H151H151H151H15 2H152H152H152H15 1H161H161H161H16 2H162H162H162H16 1H171H171H171H17 2H172H172H172H17 1H181H181H181H18 2H182H182H182H18 1H191H191H191H19
Light EnergiaLight EnergiaLight EnergiaLight Energia SHPP ParacambiSHPP ParacambiSHPP ParacambiSHPP Paracambi RenovaRenovaRenovaRenova GuanhesGuanhesGuanhesGuanhes Belo MonteBelo MonteBelo MonteBelo Monte SHPP LajesSHPP LajesSHPP LajesSHPP Lajes
Renova: +104Guanhes: +18
Renova: +6Guanhes: +5B.Monte: +3
Renova: +78B.Monte: +3Lajes: +17
Renova: +5B.Monte: +30
Renova: +44B.Monte: +46
Renova: +26B.Monte: +46
B.Monte: +46 Renova: +78B.Monte: +46
Renova: +74B.Monte: +46
51% Light 21.86% Light 2.49% Light
B.Monte: +15
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RESULTS
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Net Revenue
IndustrialIndustrialIndustrialIndustrial ((((CaptiveCaptiveCaptiveCaptive5555.3.3.3.3%%%%
NET REVENUE (R$MN)
GenerationGenerationGenerationGeneration9.4%9.4%9.4%9.4%
DistributionDistributionDistributionDistribution77777777.6%**.6%**.6%**.6%**
NET REVENUE BY SEGMENT (1Q14)*
CommercializationCommercializationCommercializationCommercialization13131313.1%.1%.1%.1%
* Eliminations not considered** Construction revenue not considered
NET REVENUE FROM DISTRIBUTION (1Q14)
CommercialCommercialCommercialCommercial((((CaptiveCaptiveCaptiveCaptive30.030.030.030.0%%%%
OthersOthersOthersOthers ((((CaptiveCaptiveCaptiveCaptive 11.2%11.2%11.2%11.2%
Network Use (TUSDNetwork Use (TUSDNetwork Use (TUSDNetwork Use (TUSD((((FreeFreeFreeFree ++++ ConcessionairesConcessionairesConcessionairesConcessionaires
6.7%6.7%6.7%6.7%
ResidentialResidentialResidentialResidential ((((CaptiveCaptiveCaptiveCaptive46.846.846.846.8%%%%
Construction RevenueConstruction RevenueConstruction RevenueConstruction Revenue
Revenue w/out constructionRevenue w/out constructionRevenue w/out constructionRevenue w/out constructionrevenuerevenuerevenuerevenue
1Q141Q141Q141Q141Q1Q1Q1Q13131313
1,7651,7651,7651,765
+18.8%
2,2,2,2,119119119119
1,921,921,921,922222 2,2,2,2,282282282282
157157157157 164164164164
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Operating Costs and Expenses
ManageableManageableManageableManageable((((distributiondistributiondistributiondistribution::::RRRR$$$$ 351351351351
((((18.518.518.518.5%%%%
GenerationGenerationGenerationGeneration andandandandCommercializationCommercializationCommercializationCommercialization::::RRRR$$$$ 315315315315
(16.6%(16.6%(16.6%(16.6%
NonNonNonNon manageablemanageablemanageablemanageable((((distributiondistributiondistributiondistribution********::::RRRR$$$$ 1,221,221,221,227777
((((64.864.864.864.8%%%%
* Eliminations not considered
** Construction revenue not considered
DISTRIBUTION PMSO COSTS (R$MN)COSTS (R$MN)*
1Q14
R$ MN 1Q13 1Q14 Var.
PMSO (184.0) (187.8) 2.1%
Provisions (45.2) (65.3) 44.3%
PCLD (29.0) (25.3) -12.8%
Contingencies (16.2) (40.0) 146.6%
Depreciation (80.6) (85.4) 6.0%
Other operational/revenues expenses
(7.3) (12.1) 66.3%
otal (317.1) (350.6) 10.6%
184184184184 188188188188
+2.1%
1Q1Q1Q1Q141414141Q1Q1Q1Q13131313
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CDE FundInvoluntary exposure together with unfavorable hydrological scenario and PLD in
the ceiling, put the cash flow under pressure in the short term
Decree8203
(jan/14)
Decree8221
(apr/14)
Quotas Involuntary Exposure
A-1 Auction Involuntary Exposure
Involuntary Exposure NewEnergy
Availabilitie Contracts
Hydrological Risk
A-0 Auction Contract NA
(84,6(84,6(84,6(84,6
(1.245,7(1.245,7(1.245,7(1.245,7
1.161,01.161,01.161,01.161,0
ShortShortShortShort----TermTermTermTermEnergyEnergyEnergyEnergy(Spot(Spot(Spot(Spot
BalanceBalanceBalanceBalanceCDE FundCDE FundCDE FundCDE FundTotalTotalTotalTotal
CDECDECDECDE fundfundfundfund ----1Q141Q141Q141Q14 (R$ MN(R$ MN(R$ MN(R$ MN
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EBITDA BY SEGMENT(R$ MN)
1111Q13Q13Q13Q13 1111Q14Q14Q14Q14
453453453453
355355355355
+ 27.5%
Generation and CommercializationGeneration and CommercializationGeneration and CommercializationGeneration and Commercialization
DistributionDistributionDistributionDistribution
44444444.0%.0%.0%.0%
56565656.0%.0%.0%.0%
36.2%36.2%36.2%36.2%
63.8%63.8%63.8%63.8%
CONSOLIDATED EBITDA 1Q14 1Q13 Var.
Distribution 254.8 228.1 11.7%
EBITDA Margin % 14,6% 14.3% 0.2 p.p.
Generation 182.8 119.3 53.2%
EBITDA Margin % 86.5% 82.1% 4.4 p.p.
Commercialization 17.5 9.9 76.9%
EBITDA Margin % 6.0% 6.3% -0.3 p.p.
Other and Eliminations (2.2) (2.2) 0.4%
TOTAL 452.9 355.1 27.5%EBITDA Margin % 21.4% 20.1 1.2 p.p.
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Adjusted EBITDA
EBITDAEBITDAEBITDAEBITDA1Q131Q131Q131Q13
EBITDAEBITDAEBITDAEBITDA1Q141Q141Q141Q14
NetNetNetNetRevenueRevenueRevenueRevenue
NonNonNonNon----ManageableManageableManageableManageable
CostsCostsCostsCosts
ManageableManageableManageableManageableCostsCostsCostsCosts
(PMSO(PMSO(PMSO(PMSO
ProvisionsProvisionsProvisionsProvisionsRegulatoryRegulatoryRegulatoryRegulatoryAssets andAssets andAssets andAssets andLiabilitiesLiabilitiesLiabilitiesLiabilities
RegulatoryRegulatoryRegulatoryRegulatoryAssets andAssets andAssets andAssets andLiabilitiesLiabilitiesLiabilitiesLiabilities
AdjustedAdjustedAdjustedAdjustedEBITDAEBITDAEBITDAEBITDA
1111Q13Q13Q13Q13
AdjustedAdjustedAdjustedAdjustedEBITDAEBITDAEBITDAEBITDA
1111Q14Q14Q14Q14
1Q13 / 1Q14(R$ MN)
101101101101
456456456456
355355355355
354354354354(217(217(217(217
(8(8(8(8
(18(18(18(18
435435435435
- 4.7%
+ 27.5%
453453453453
(13(13(13(13 ((((4444 (20(20(20(20 (2(2(2(2
OtherOtherOtherOtherOperacionalOperacionalOperacionalOperacionalRevenuesRevenuesRevenuesRevenues
EquityEquityEquityEquityPPPPikupikupikupikup
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Adjusted Net Income1Q13 / 1Q14
(R$ MN)
1111Q13Q13Q13Q13 1111Q14Q14Q14Q14EBITDAEBITDAEBITDAEBITDA FinancialFinancialFinancialFinancialResultResultResultResult
TaxesTaxesTaxesTaxes DepreciationDepreciationDepreciationDepreciationRegulatoryRegulatoryRegulatoryRegulatoryAssets andAssets andAssets andAssets andLiabilitiesLiabilitiesLiabilitiesLiabilities
RegulatoryRegulatoryRegulatoryRegulatoryAssets andAssets andAssets andAssets andLiabilitiesLiabilitiesLiabilitiesLiabilities
Adjusted NetAdjusted NetAdjusted NetAdjusted NetIncomeIncomeIncomeIncome1111Q13Q13Q13Q13
Adjusted NetAdjusted NetAdjusted NetAdjusted NetIncomeIncomeIncomeIncome1111Q14Q14Q14Q14
+129.5%
145145145145
67676767
79797979
60606060 (51(51(51(51(5(5(5(5
181181181181
(12(12(12(12
168168168168
+15.9%
98989898
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Dividends
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Indebtedness
Average Term: 3.9 years
AMORTIZATION SCHEDULE* (R$ MN)
NominalNominalNominalNominal CostCostCostCost RealRealRealReal CostCostCostCost
NET DEBT
* Principal only
COST OF DEBT
20122012201220122011201120112011 1Q141Q141Q141Q142013201320132013
NetNetNetNet DebtDebtDebtDebt / EBITDA/ EBITDA/ EBITDA/ EBITDA
Mar/13*Mar/13*Mar/13*Mar/13*
2.24%2.24%2.24%2.24%
8.21%8.21%8.21%8.21%
3333.63%.63%.63%.63%
10.01%10.01%10.01%10.01%
4.25%4.25%4.25%4.25%
11.03%11.03%11.03%11.03% 9999.68%.68%.68%.68%
3.553.553.553.55%%%%
2014201420142014 2015201520152015
494494494494779779779779
1,0171,0171,0171,017811811811811
899899899899
441441441441 450450450450 450450450450 565565565565
2016201620162016 2017201720172017 2018201820182018 2019201920192019 2020202020202020 2021202120212021 AfterAfterAfterAfter2021202120212021
*Considering Hedge
TJLPTJLPTJLPTJLP13.513.513.513.5%%%%
CDICDICDICDI73.9%73.9%73.9%73.9%
IPCAIPCAIPCAIPCA10.7%10.7%10.7%10.7%
OthersOthersOthersOthers1.5%1.5%1.5%1.5%
U$/EuroU$/EuroU$/EuroU$/Euro0.4%0.4%0.4%0.4%
2.842.842.842.84 2.902.902.902.90
Mar/14Mar/14Mar/14Mar/14DecDecDecDec////13*13*13*13*
5,096.85,096.85,096.85,096.8 5,249.55,249.55,249.55,249.5 5,341.85,341.85,341.85,341.8
2.732.732.732.73
*With Pension Fund
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Investments
CAPEXCAPEXCAPEXCAPEX (R(R(R(R$ MN$ MN$ MN$ MN CAPEX BREAKDOWNCAPEX BREAKDOWNCAPEX BREAKDOWNCAPEX BREAKDOWN(R(R(R(R$ MN$ MN$ MN$ MN
1111Q14Q14Q14Q14
GenerationGenerationGenerationGeneration3.53.53.53.5
AdministrationAdministrationAdministrationAdministration3333.3.3.3.3
OthersOthersOthersOthers2.82.82.82.8
Develop. ofDevelop. ofDevelop. ofDevelop. ofDistributionDistributionDistributionDistribution
SystemSystemSystemSystem106.6106.6106.6106.6
LossesLossesLossesLossesCombatCombatCombatCombat
48.948.948.948.9
Investments in Electric Assets (DistributionInvestments in Electric Assets (DistributionInvestments in Electric Assets (DistributionInvestments in Electric Assets (Distribution
CommercCommercCommercCommerc././././EnergyEnergyEnergyEnergy EficiencyEficiencyEficiencyEficiency10101010.5.5.5.5
2010201020102010
929929929929
701701701701
2011201120112011 2012201220122012
797797797797
694694694694
103103103103
519519519519
182182182182
775775775775
154154154154
713713713713
132132132132
845845845845
+7.9%
2013201320132013
163163163163
1Q131Q131Q131Q13 1Q141Q141Q141Q14
36363636 17171717
127127127127 158158158158
176176176176
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Why invest in Light?
Major upcoming events Integration of favelas
Pro-business environment New plants investments Expansion of the existing ones Market growth
Economic
Transformation inthe Concession
Area
Progress in the TechnologyProgram New network and meters in the
pacified favelas Smart metering development Zero Losses Area Program
EnergyLosses Reduction
Investment in Renova, Belo Montee Guanhes (total of 697 MW)
SHP Lajes under construction
(17MW).
Growth in theGenerationBusiness
New PPAs starting in 2014
Revenues increase with noaditional costs. Very active trading subsidiary
Repricing ofExisting Energy
Listed in Novo Mercado ofBovespa; Board Committees very active Included in the Sustainability
Index (ISE) of Bovespa for theseventh year.
Best-in-ClassCorporate
Governance
Sound Dividend Policy: minimum50% of net income;
Average payout since 2007: 90%
Dividend trackRecord
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Important Notice
This presentation may include declarations that represent forward-looking statements according to Brazilian regulations and
international movable values. These declarations are based on certain assumptions and analyses made by the Company in
accordance with its experience, the economic environment, market conditions and future events expected, many of which
are out of the Companys control. Important factors that can lead to significant differences between the real results and the
future declarations of expectations on events or business-oriented results include the Companys strategy, the Brazilian and
international economic conditions, technology, financial strategy, developments of the public service industry, hydrological
conditions, conditions of the financial market, uncertainty regarding the results of its future operations, plain, goals,
expectations and intentions, among others. Because of these factors, the Companys actual results may significantly differ
from those indicated or implicit in the declarations of expectations on events or future results.
The information and opinions herein do not have to be understood as recommendation to potential investors, and no
investment decision must be based on the veracity, the updated or completeness of this information or opinions. None of the
Companys assessors or parts related to them or its representatives will have any responsibility for any losses that can
elapse from the use or the contents of this presentation.
This material includes declarations on future events submitted to risks and uncertainties, which are based on current
expectations and projections on future events and trends that can affect the Companys businesses. These declarations
include projections of economic growth and demand and supply of energy, in addition to information on competitive position,
regulatory environment, potential growth opportunities and other subjects. Various factors can adversely affect the estimates
and assumptions on which these declarations are based on.
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Contacts
Joo Batista Zolini CarneiroCFO and IRO
Gustavo WerneckSuperintendent of Finance and Investor Relations
+55 21 2211 2560
Mariana da Silva RochaIR Manager
+ 55 21 2211 [email protected]
http://ri.light.com.br/ www.facebook.com/lightri twitter.com/LightRI