Presentation 3Q12

Your energyINSPIRES US1

3Q12 Results PresentationSão Paulo, November 13rd 2012


Capital Market Performance

3Q12 Results

CTEEP

Annual Revenues Readjustment - RAP


CTEEP Profile

A estratégia da CTEEP é baseada no crescimento sust entável com foco na contínua criação de valor� 12,993 Km of transmission lines;

� 18,782 Km of circuits;

� 2,488 Km of optic fiber cables

� 106 substations.

Responsible for the annual

transmission of 28.2% of all

electricity produced in the country,

60% of the energy consumed in the

Southeast Region and nearly 100%

in the state of São Paulo;

The largest private sector concessionaire operating a public

utility service for the transmission of energy in Brazil,

controlled by ISA, one of the largest energy transmission

groups in Latin America.


Expansion of national Territory

A estratégia da CTEEP é baseada no crescimento sust entável com foco na contínua criação de valor

� Largest Non-stop Transmission

Lines under construction in the

world (IEMadeira)

� Starting in the continuous current

technology

� Relevant Interconnection Projects

in the North of Brazil

� Major supporting Works in the

South and Southeast of Brazil

In Operating

In Construction

EVRECY*

Acquisition of Assets


53.86%10.59%

35.55%

Preferred Shares– TRPL4(58% of the total)

89.50%

9.75% 0.75%

Ordinary Shares- TRPL3(42% of the total)

ISA Capital do Brasil

Eletrobrás

Others Shareholders

37.81%

35.23%

26.96%

Total Capital Stock

Eletrobrás

Secretaria da Fazendado Estado

Others Shareholders

ISA Capital do Brasil

Eletrobrás

Others Shareholders

Shareholder Breakdown – 3Q12



3Q12 Results

CTEEP



Gross Operating Revenue


(R$ million)


Net Operating Revenue

(R$ million)

645.1 514.0

1,588.2 1,410.7

251.4 292.1

606.1 705.0

3Q11 3Q12 9M11 9M12

Company Subsidiaries

(R$ millions)2.194.3

2.115.7

806.1896.5


Costs and Expenses


(R$' 000) 3Q12 3Q11Var %

3Q12/3Q119M12 9M11

Var %

9M12/9M11

Consolidado (64,680) (56,310) 14.9% (186,689) (156,253) 19.5%

Controladora 61,694- 55,583- 11.0% 178,416- 151,685- 17.6%

Consolidado (138,509) (210,512) -34.2% (380,008) (567,740) -33.1%

Controladora 33,136- 33,610- -1.4% 79,737- 145,165- -45.1%

Consolidado (3,938) (3,531) 11.5% (11,336) (9,934) 14.1%

Controladora 3,438- 3,511- -2.1% 10,546- 9,875- 6.8%

Consolidado (125,997) (105,648) 19.3% (333,061) (252,167) 32.1%

Controladora 57,519- 74,619- -22.9% 160,388- 167,542- -4.3%

Consolidado (1,224) (1,582) -22.6% (3,517) (4,733) -25.7%

Controladora 1,216- 1,570- -22.5% 3,495- 4,708- -25.8%

Consolidado (2,996) (1,035) 189.5% (13,006) (19,223) -32.3%

Controladora 2,996- 1,035- 189.5% 13,006- 19,223- -32.3%

Consolidado (10,269) (10,063) -2.0% (34,418) (28,974) 18.8%

Controladora 9,935- 10,892- -8.8% 33,632- 27,959- 20.3%

Consolidado 347,613- 388,681- -10.6% 962,035- 1,039,024- -7.4%

Controladora 169,934- 180,820- -6.0% 479,220- 526,157- -8.9%

Contingencies

Other

TOTAL

Personnel

Material

Leases and rentals

Services

Depreciation


Ebitda and Ebitda Margin


(R$ million)

465,9 345,3

1.066,7 934,9

43,6 114,4

93,3 222,2

3Q11 3Q12 9M11 9M12

Company Subsidiaries

1.157.21.160.0

67,2% 66,3%72,2%67,2%

56,8% 57,0%

1 2

52,9% 54,7%

Ebitda Margin Consolidated

Ebitda Margin Company

459.7509.4

(R$ millions)


Net Income


(R$ million)

344.9

241.3

751.2

647.6

0.0

350.0

700.0

3Q11 3Q12 9M11 9M12

(R$ million)


Capital Structure


(*) with Swap 103,5% CDI (**) with Swap 98,3% CDI (***) The cost of debt is 8.5% annually, including a performance bonus of 1.5%..

BNDES

TJLP + 2,3% ano 6/15/2015 257,957 328,318

TJLP + 1,8% ano 6/15/2015 154,817 196,251

Comercial Papers

5ª Emissão - CTEEP CDI + 0,4% ano 7/5/2012 - 316,885

4ª Emissão - CTEEP CDI + 0,4% ano 1/12/2012 - 223,048

6ª Emissão - CTEEP 104,9% CDI ano 1/5/2013 426,156 -

Debêntures

1ª Série - CTEEP CDI + 1,3% ano 12/15/2014 501,485 490,736

2ª Série - CTEEP IPCA + 8,1% ano 12/15/2017 68,348 67,117

Série Única - CTEEP 105,5% do CDI ano 7/2/2014 713,649 -

Banks

USD + 4% ano * 4/26/2013 132,185 122,077

USD + 2,1% ano ** 10/21/2013 176,751 159,116

Eletrobras 8% ano 11/15/2021 353 391

Arrendamento Mercantil - - 400 619

TOTAL CTEEP: 2,432,101 1,904,558

BNDES

IEMG TJLP + 2,4% ano 4/15/2023 53,772 57,631 TJLP + 2,8% ano 1/15/2013 239,893 229,947 TJLP + 2,8% ano 1/15/2013 143,788 71,890

TJLP + 2,4% ano 5/15/2025 4,771 5,328

5,5% a.a 1/15/2021 4,715 4,240

TJLP + 2,6% ano 5/15/2026 49,136 49,562

5,5% a.a 1/15/2021 78,683 75,872 TJLP + 1,9% ano 5/15/2026 50,725 48,282 TJLP + 1,5% ano 5/15/2026 43,825 42,217

Comercial Papers

2ª Emissão - IEMadeira 106,5% do CDI ano 10/24/2012 153,186 - 3ª Emissão - IEMadeira 106,5% do CDI ano 3/18/2013 219,893

Debêntures

Série Única - IEMadeira 106,5% do CDI ano 9/15/2012 - 221,608

Banks

IEMadeira 10% a.a. 7/10/2032 69,911 - CDI + 2,0% ano - - 4,365

CDI + 1,4% a.a. - 6,233 - 10% ano*** 5/19/2030 54,851 55,898

TOTAL SUBSIDIÁRIAS 1,173,382 866,840

3,605,483 2,771,398

IENNE

Total Consolidated (R$ mil)

CTEEP

CTEEP

IEMADEIRA

IESUL

PINHEIROS

SERRA DO JAPI

FUNDING CHARGES MATURITY 3Q12 4T11

BNDES30,0%

Comercial Papers22,2%

Debentures35,6%

Banks12,2%

Distribuition ofdebt contracting

TJLP30,0%

CDI56,0%

IPCA2,0%

Others12,0%

Distribuition of debt burdens


Breakdown of Net Debt


� The financial obligations in the loan contracts

require the Company to meet certain financial

covenants on a quarterly and annual basis

based on the quarterly information and annual

financial statements, respectively, prepared in

line with the accounting practices used in Brazil.

The Company´s main covenant refers to the Net

Debt/EBITDA ratio which must be equal to or

lower than 3.5.

� The consolidated net debt at the end of 3Q12 was R$ 3,125.6 million, an increase of 21.9 % over 4Q11. The

debt ratio (net debt to shareholder´s equity) came to 64.0% at the end of 3Q12.

2,564.1

3,125.6

1.0

351.0

701.0

1,051.0

1,401.0

1,751.0

2,101.0

2,451.0

2,801.0

3,151.0

4Q11 3Q12

Net Debt

(R$ million)

1.8

2.2

Net Debt /EBITDA (Last 12 months)



3Q12 Results

CTEEP



Capital Market

� Present on all trade days;

� Component of Ibovespa;

� R$ 5.8 billion market capitalization.

40,00

60,00

80,00

100,00

120,00

140,00

Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12

TRPL3 TRPL4 IBOVESPA IEE

-7,73%

+4,27%

-35,02%

-27,78%

(base 31/12/2011 = 100)

MP

57

9


Capital Market

0,0

20,0

40,0

60,0

80,0

100,0

120,0


Trading Financial 9M12(R$ million)

Total R$ 2,588 million Daily Avarege/ Day R$ 27.2 millions

01.0002.0003.0004.0005.0006.000


Trade Volume 9M12(units)

Total Trades: 205,797 Daily Avarege/ Day: 1,089



3Q12 Results

CTEEP



Annual Revenues Readjustment

Existing

Assets

New

InvestimentsBid

Share

Adjustment

Existing

Assets

New

InvestimentsBid

Share

AdjustmentTOTAL

59/2001 1,294,492 350,847 - -44,133 374,685 128,404 - 9,657 2,113,952

143/2001 - - 16,604 -670 - - - - 15,934

IEMG 004/2007 - - 14,161 - 594 - - - - 13,567

012/2008 - - 6,739 418 - - 1,016 - 8,173

015/2008 - 3,671 12,800 1,259 - 1,032 314 20 19,096

018/2008 - - 3,292 - - - 40 - 3,332

SERRA DO

JAPI026/2009 - - 21,554 - 1,355 - - 4,903 - 25,102

IENNE 001/2008 - - 38,253 3,640 - - - - 41,893

013/2008 - - 4,669 - 2,294 - - - - 2,375

016/2008 - - 8,216 1,649 - - 190 - 10,055

013/2009 - - 218,933 - - - - - 218,933

15/2009 - - 184,866 - - - - - 184,866

1,294,492 354,518 530,087 -42,080 374,685 129,436 6,463 9,677 2,657,278

IESUL

IEMADEIRA

(R$' 000)

Ciclo 2012/2013 - Ratifying Resolution nº 1.313

Network Basic Other Transmission Facilities

Concessionay /

Contract

CTEEP

PINHEIROS


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.


Investor RelationsPhone: 55 11 3138-7557

[email protected]/ri

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