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  • 1. 2012 Results PresentationSo Paulo, February 26 2012Your energy1 INSPIRES US

2. CTEEP 2012 ResultsCapital Market Performance Your energy2INSPIRES US 3. CTEEP Profile A estratgia da CTEEP baseada no crescimento sustentvelThe largest private sector concessionaire operating a public contnua criao lines; com foco na13,723 Km of transmission de valorutility service for the transmission of energy in Brazil, 18,794 Km of circuits;controlled by ISA, one of the largest energy transmission 2,488 Km of optic fiber cablesgroups in Latin America. 106 substations.Responsible for the annualtransmission of 28.0% of allelectricity produced in the country,60% of the energy consumed in theSoutheast Region and nearly 100%in the state of So Paulo; Your energy3INSPIRES US 4. Expansion of national TerritoryA estratgia da CTEEP baseada no crescimento sustentvelcom foco na contnua Non-stop Transmission Largestcriao de valor Lines under construction in the world (IEMadeira) Starting in the continuous current technology Relevant Interconnection Projects in the North of Brazil EVRECY* Major supporting Works in the South and Southeast of BrazilIn OperatingIn Construction Your energyAcquisition of Assets INSPIRES US4 5. Shareholder Breakdown31/12/12Ordinary Shares- TRPL3 Preferred Shares TRPL4(42% of the total) (58% of the total)0.75%7,22%9.75%53.86%ISA Capital do Brasil10.59%Secretaria da Fazendado EstadoEletrobrsEletrobrsOthers Shareholders VinciOthers Shareholders 89.50% 53.86% Total Capital Stock 16.67% 4.17% ISA Capital do Brasil Secretaria da Fazenda6.12%do Estado Eletrobrs Vinci 37.81%Others Shareholders35.23% Your energy5INSPIRES US 6. CTEEP2012 ResultsCapital Market Performance Your energy6INSPIRES US 7. ResultsCOMPANYCONSOLIDATED ResultsVar % Var % (R$ million) 2011 2012 2011 20122011x2012 2011x2012Gross Operating Revenue2,302.7 2,169.4 -5.8%3,268.73,173.9 -2.9%Revenue from Construction Services 265.4 149.3-43.7%1,103.7976.7-11.5%Revenue from Operational and Maintenance Services540.6 587.2 8.6% 555.1594.77.1%Financial Revenue1,477.0 1,412.6 -4.4%1,590.01,584.8 -0.3%Others 19.720.33.0% 19.9 17.7 -11.1%Deductions from Operating Revenue -276.9-281.0 1.5%-367.9 -354.9 -3.5%Net operating revenue2,025.8 1,888.4 -6.8%2,900.82,819.0 -2.8%Other General and Administrative Expenses -699.1-729.7 4.4%-1,444.3 -1,433.7 -0.7%Other Operating (Expenses) - Income - ex goodwill-2.184.1 -4104.8%-2.0 86.6 -4430.0%Equity 57.698.170.3%--0.0%EBITDA 1,382.3 1,340.8-3.0% 1,454.61,471.91.2%% Margem EBITDA 68.2% 71.0%4.1%50.1%52.2% 4.1%Depreciation-34.9 -33.8-3.2% -34.9-33.8-3.2%EBIT 1,347.4 1,307.0 -3.0%1,419.71,438.11.3%Financial Results -158.9-123.8-22.1% -200.5 -211.45.4%Operating Income 1,188.4 1,183.3 -0.4%1,219.11,226.70.6%Income tax and social contribuition -273.1-339.8 24.4% -303.8 -383.2 26.1%Net Income 915.3 843.5 -7.8%915.3843.5 -7.8% Your energy7INSPIRES US 8. Gross Operating Revenue(R$ million)A estratgia da CTEEP baseada no crescimento sustentvel Company Consolidatedcom foco na contnua criao de valor3,268.73,173.9 19.9 17.7 2,302.71,590.019.72,169.41,584.8 20.3 1,477.01,412.6555.1594.7540.6 1,103.7 976.7 587.2265.4149.3 20112012 20112012 Construction Operation and Maintenance Financial Others Construction Operation and Maintenance Financial OthersYour energy8 INSPIRES US 9. Costs and ExpensesA estratgia da CTEEP baseada no crescimento sustentvelcom foco na contnua criao de valor CompanyConsolidatedCost and Expenses Var %Var %(R$ 000) 201120122011 2012 2011x20122011x2012Personnel -204.2-241.8 18.4%-210.8 -253.8 20.4%Material-171.8-157.5 -8.3%-705.3 -549.5-22.1%Services-264.3-227.4-14.0%-467.8 -520.5 11.3%Other-64.9-108.1 66.5% -66.5 -114.8 72.7%Total -705.2-734.8 4.2%-1,450.4 -1,438.7-0.8% Your energy9INSPIRES US 10. Other Operating Income and (expenses) (ex Goodwill) Other Operating Income and (Expenses)Company ConsolidatedVar %Var % (R$ million)20112012201120122011x20122011x2012 Update VNR accounts receivable NI and SE - 4,444.5 - -4,444.5 - Lower accounts receivable Built NI and SE--2,724.6 - --2,724.6 - Recognition of provision at cost - SE--1,535.3 - --1,535.3 - Low values in replacement stock investments - NI SE - -87.1 - - -87.1 - Others (2.1) -13.4538.1% (2.0) -10.9445.0% Total-2.184.1-4104.8% (2.0)86.7-4435.0% Note: Excludes the amortization of goodwill of $ 28.8 millionYour energy10INSPIRES US 11. Ebitda and Ebitda Margin (R$ million)A estratgia da CTEEP baseada no crescimento sustentvel com foco na contnua criao de valorCompanyConsolidated EBITDA - ICVM 527 Var %Var % 2011 201220112012 2011x20122011x2012 Net Income915.3 843.5 -7.8%915.3843.5 -7.8% Income tax and social contribuition 273.2 339.824.4% 303.8383.226.1% Financial Results 159.0 123.8-22.1%200.5211.4 5.4% Leases and rentals34.933.8-3.2%34.9 33.8-3.2% EBITDA 1,382.3 1,340.8-3.0% 1,454.6 1,471.9 1.2% EBITDA Margin 68.2% 71.0%2.8 p.p 50.1%52.2% 2.10 p.pYour energy11INSPIRES US 12. Financial ResultFinancial ResultCompanyConsolidated Var %Var % (R$million)2011 2012 20112012 2011x20122011x2012Short-term investment yield16.724.144.5%25.6 29.9 16.9%Income / Expenses from financial operations (*)-183.9-200.38.9% -214.4 -288.734.7%Foreign exchange varations-45.7 - -45.7-Others8.36.7-19.2% -11.71.6 -114.1%Total-158.9-123.8 -22.1% -200.5-211.4 5.5%(*) Includes charges, income and foreign exchange hedges on CCB International and Commercial Paper. Your energy12 INSPIRES US 13. Net Income (R$ million) A estratgia da CTEEP baseada no crescimento sustentvelcom foco na contnua criao de valor 915.3 843.5700.0350.0- 20112012 Your energy13 INSPIRES US 14. Accounts Receivable (concession assets)Accounts Receivable ContractContract Contract 2012 2011(concession assets) (R$ million) 059/2001143/2001SubsidiariesReceivables from Construction services 260.641.2 2,800.4 3,102.2 5,306.3SE-- --1,949.4NI-- --1,408.0NIA260.6 - - 260.6 -Outros- 41.2 2,800.4 2,841.6 1,948.9Receivables from O&M services (b)258.3 2.0 8.9 269.2244.1Accounts Receivable Compensation (Existing 5,975.4 - - 5,975.4 -System - SE and New Investments - NI) - MP 579SE 3,026.3 - - 3,026.3 -NI 2,949.1 - - 2,949.1 -Accounts Receivable by reversal (d) 1.00.1 103.8 104.9 1,259.4SE-- -- 175.4NI-- --1,043.7NIA 1.0- -1.0-Outros-0.1 103.8 103.9 40.3Allowance for Doubtful Accounts(1,535.3) - - (1,535.3) -TOTAL4,960.043.3 2,913.1 7,916.4 6,809.8Your energy14INSPIRES US 15. Breakdown of Net Debt DebtCompanyConsolidated (R$million)2011 2012 2011 2012A estratgia da CTEEP baseada no crescimento sustentvel Debt1,904.6 2,247.7 2,771.4 3,694.5 Short-term Debtcom1,064.2 na contnua1,302.2 861.7foco 1,397.5criao de valorLong-term Debt1,042.9 1,183.51,373.9 2,392.2 Cash151.0 296.5 207.3429.2Cash 151.0 296.5 207.3429.2 Net Debt 1,753.6 1,951.2 2,564.13,265.2 EBITDA 1,382.3 1,340.8 1,454.61,471.9 Covenant (Dvida Lquida/EBITDA) - -1.8 2.2 Distribuition ofDistribuition of debtdebt contractingburdensComercial Papers16.6%CDI TJLPBNDES45.3%39.1% 39.1% Debntures 35,6%Your energy15 BanksOthersIPCAINSPIRES US 12,2%12,0% 2,0% 16. Debt Repayment (R$ million) 1,302.21,167.3238.0 111.0 841.4 841.3 1,064.23 1,056.3175.0102,2106.3 82.1 89.2 92.9 85,1 17.1 17.10.12013201420152016 2017Aps 2017Company Subsidiaries Your energy16 INSPIRES US 17. Investments 2012 Investment Plan 2013 In 2012, investments made by CTEEP in(R$ million)2013 upgrading,modernization andProprietary (A) 283.1 Complementary Projects and New Connections 174.2 improvements to existing assets, in thePMT / PMIS86.3 capitalization of labor and injection in Corporative9.7 subsidiaries totaled R$ 952.2 million, a Capitalization of Labor Costs 12.9 Investments - Subsidiaries (B) 674.3 reduction of 14.5% when compared to IEMG3.0 investments made in 2011 when this itemIENNE0.6 was R$ 1.114.0 million.IEPinheiros 37.9 IESul20.2 IEMadeira343.3 Serra do Japi 2.3IEGaranhuns 258.4Evrecy 8.6 TOTAL (A+B)957.4Your energy17INSPIRES US 18. CTEEP2012 Results Capital Market PerformanceYour energy18INSPIRES US 19. Capital Market 140.00MP 591 MP 579 Portarias Interministeriais 579 e 580 120.00 +7.40% 100.00 -11.72%80.00 -17.59%60.00 -43.11%40.00 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12Jul-12 Aug-12 Sep-12Oct-12Nov-12 Dec-12TRPL3TRPL4 IBOVESPA IEE Present on all trade days; Component of Ibovespa; R$ 5.8 billion market capitalization. Your energy19 INSPIRES US 20. Capital MarketTrading Financial 2012(R$ million)Total R$ 3,589 million Daily Avarege / Day R$ 14.5 milhes120.0100.0 80.0 60.0 40.0 20.00.0Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12Jul-12Aug-12 Sep-12Oct-12Nov-12Dec-12Trade Volume 2012(units) Total Trades: 309,481 Daily Avarege/ Day: 1,2486,0005,0004,0003,0002,0001,000-Jan-12 Feb-12 Mar-12 Apr-12 May-12Jun-12Jul-12Aug-12 Sep-12Oct-12Nov-12Dec-12Your energy20INSPIRES US 21. Disclaimer A estratgia da CTEEP baseada no crescimento sustentvel com foco na contnua criao de valorAll statements contained herein with regard to the Companysbusiness prospects, projected results and the potential growthof its business aremere forecasts, based on local management expectationsin relation to the Companys future performance.Dependent as they are on market shifts and on the overallperformance of the Brazilian economy and the sectorand international markets, such estimates are subject to changes.Your energy21INSPIRES US 22. Investor Relations Phone: 55 11 3138-7557ri@cteep.com.br www.cteep.com.br/ri Your energy22 INSPIRES US