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EDP Energias do Brasil

3Q09 Results

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DisclaimerThis presentation may include forward-looking statements of future events or results according to regulations of the Brazilian and international securities and exchange commissions. These statements are based on certain assumptions and analysis by the company that reflect its experience, the economic environment and future market conditions and expected events, many of which are beyond the control of the company. Important factors that may lead to significant differences between the actual results and the statements of expectations about future events or results include the company’s business strategy, Brazilian and international economic conditions, technology, financial strategy, public service industry developments, hydrological conditions, financial market conditions, uncertainty of the results of future operations, plans, objectives, expectations and intentions, among others. Considering these factors, the actual results of the company may be significantly different from those shown or implicit in the statement of expectations about future events or results.

The information and opinions contained in this presentation should not be understood as a recommendation to potential investors and no investment decision is to be based on the veracity, current events or completeness of this information or these opinions. No advisors to the company or parties related to them or their representatives shall have any responsibility for whatever losses that may result from the use or contents of this presentation.

This material includes forward-looking statements subject to risks and uncertainties, which are based on current expectations and projections about future events and trends that may affect the company’s business. These statements include projections of economic growth and energy demand and supply, as well as information about the competitive position, the regulatory environment, potential opportunities for growth and other matters. Several factors may adversely affect the estimates and assumptions on which these statements are based.

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Highlights

Energy volume sold by generation business totaled 2,060 GWh, 30% up on 3Q08 as a result of the asset Swap operation;

Commercialized energy reported record sales: volume + 36% in 3Q09 vs. 3Q08;

Net Revenue of R$ 1,183 million, 2% up on 3Q08;

Manageable expenses down 8%: dropping for the seventh quarter in a row;

BNDES disburses R$700 million long term finance for Pecém I;

Aneel approves EDP Escelsa’s Tariff Reset and Tariff Readjustment Index;

Aneel approves EDP Bandeirante’s Tariff Reset and Tariff Readjustment Index.

3Q09: EBITDA of R$ 364 million and Net Income of R$ 120 million

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Consolidated Performance

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Consolidated Performance

1,155 1,183

3,492 3,416

3Q08 3Q09 9M08 9M09

-2%

Net Revenue Breakdown (3Q09)Net Revenue Breakdown (3Q09)Net Revenue (R$ million)Net Revenue (R$ million)

+2%

19%

64%

17%

Generation

Distribution

Commercialization

Generation↑30.2% in volume of energy sold; ↑3.2% in average price

DistributionElimination of Enersul; ↑1.1% in volume of energy sold to final costumers; ↑ of average tariffs

Commercialization↑36.4% in volume of commercialized energy, ↓ 1.9% in average price

6

608 637

1,809 1,821

625 546

182197

3Q08 3Q09 9M08 9M09

Non-manageable expenditures* Manageable expenditures*

249224 205 197 204 185 180 182

4Q07 1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09

Opex (R$ million)Opex (R$ million)

Consolidated PerformanceOpex Breakdown (3Q09)Opex Breakdown (3Q09)

805 819

2,434 2,367Non-manageable

expenses 72%

Manageable expenses

28%

-7.9197,053181,545Total

-21.120,79716,409Others

-8.2276,299253,614Total

-9.179,24672,069D&A.

+112,617,36336,916Provisions

-10.375,86568,076Third Party Services

-27.18,2526,015Material

-27.674,77654,129Personnel

Chg.%3Q083Q09R$ ‘000

-3%

* Excluding D&A

Opex (Manageable) Evolution (R$ million)Opex (Manageable) Evolution (R$ million)

2%

7

351 364

1,0491,057

30.3% 30.3%30.7%30.8%

3Q08 3Q09 9M08 9M09

Net Income (R$ million) and Margin (%)Net Income (R$ million) and Margin (%)

Consolidated PerformanceEBITDA (R$ million) and Margin (%)EBITDA (R$ million) and Margin (%)

48%

49%

3%Generation

Distribution

Commercialization

120

288

450

121

10.5%

8.3%

13.2%

10.2%

3Q08 3Q09 9M08 9M09

Adjusted Net Income (R$ million) and Margin (%)Adjusted Net Income (R$ million) and Margin (%)

121 120

418 450

10.5%

12.0%

10.2%

13.2%

3Q08 3Q09 9M08 9M09

EBITDA Breakdown (3Q09)EBITDA Breakdown (3Q09)

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Capex

n.a.-1.71.2Other

+17.8146.3172.4TOTAL

75.8

-16.9

3.6

13.1

9.6

85.2

-

52.2

33.8

86.0

3Q09

+344.7-3.8Santa Fé

n.a.0.0Pecém

+244.424.8Generation

+237.92.9Enerpeixe

n.a.19.9Enersul

+5.649.4Escelsa

+2.83.5Lajeado / Investco

-41.122.2Energest

-37.354.0Bandeirante

-30.2123.3Distribution

Chg.%3Q08

Capex (R$ million)Capex (R$ million)

50%

1%

49%

Pecém

Capex Breakdown (3Q09)Capex Breakdown (3Q09)

EDP Energias do Brasil’s Capex well

distributed between the business

segments: distribution (50%) and

generation (49%)

Pecém represents 89% of the

generation Capex

Generation

Distribution

Commercialization

9

457

757

353479

763622

461**

Cash (sep/09) 2009 2010 2011 2012 After 2012

54%

37%

5%

4%

1,704

2,4022,4031,270 (457) (114)

Gross DebtSep/09

Cash RegulatoryAssets /

Liabilities

Net DebtSep/09

Net DebtJun/09

Long Term Short Term

DebtGross Debt Breakdown (Sep/09)Gross Debt Breakdown (Sep/09)Debt Evolution (R$ million)Debt Evolution (R$ million)

Floating Taxes*

TJLP

US$

Net Debt (R$ million) e Net Debt/EBITDA* (x)Net Debt (R$ million) e Net Debt/EBITDA* (x)

2,974

Fixed Rates

* Includes CDI and IGPM

Debt Maturity Schedule* (R$ million)Debt Maturity Schedule* (R$ million)

917

1,680

2,390 2,348 2,402 2,403

1.4x1.8x 1.8x 1.8x1.8x

dec/08 mar/09 sep/09jun/09sep/08

* EBITDA of the last 12 months* Values include principal + interest + results from hedge operations

** Shares in treasury as of market price on September 30th, 2009

10

457

622

236

3991

255461*

Cash &MarketableSecurities(Sep/09)

Bridge LoanPecém

Credit Line Distribution Generation 2009 Total

Debt

Short-Term Debt Breakdown (R$ million)Short-Term Debt Breakdown (R$ million)

Disbursement of R$700 million BNDES long-term finan ce for Pecém TPP

Amortization of R$28 million of Enerpeixe’s project finance

917

* Shares in treasury as of market price on September 30th, 2009

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Credit Line

Approved Credit Lines (sep-09)(R$ million)

-2,4827643,246Total Credit Limits

2009126476BNDES (Santa Fé SHP)

20122700270*BEI

20091,3007002,000BNDES – BID (Porto do Pecém TPP)

20149000900BNDES - CALC

Limit date to use the

resourceAvailableUsedTotal approvedInstitution

Besides these short term credit lines, EDP Energias do Brasil has other lower value pre-approved credit lines

* Credit line totaled EUR 90 million (EUR45 each distribution company)

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Generation

13

179248

558

708

3Q08 3Q09 9M08 9M09

1,5822,060

4,548

5,789

3Q08 3Q09 9M08 9M09

EBITDA (R$ million) and Margin (%)EBITDA (R$ million) and Margin (%)

Generation’s PerformanceNet Revenue (R$ million)Net Revenue (R$ million)Volume (GWh)Volume (GWh)

187

421

530

127

71.1%75.5% 74.9%75.5%

3Q08 3Q09 9M08 9M09

Net Income (R$ million) and Margin (%)Net Income (R$ million) and Margin (%)

5485

218 21729.9%

39.0%

34.4%30.6%

3Q08 3Q09 9M08 9M09

+30%

+27%

+39%

+27%

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Installed Capacity (MW)

5025

2925**

360

2,116

516

452

20092009and2010

2011

Expect Start-up2008

1.702

653

1,043

516

452

653

6*

2009

385

1,731 1,731

With Santa Fé SHP fully operational, EDP Energias do Brasil’s installed capacity increased to 1,731 MW.

Projects concluded since the IPO

Projects in course

2005 PeixeAngical

HPP

4th Engine Mascarenhas

São JoãoSHP

2007 Santa Fé

SHP

Repowering PecémTPP

2011Additional Capacity Lajeado

Cenaeel 2009

* Corresponds to EDP Energias do Brasil’s 45% stake in EDP Renováveis Brasil** Mascarenhas, Suíça, Rio Bonito

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Distribution

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5,722 5,458

16,80215,529

3Q08 3Q09 9M08 9M09

Distribution’s Performance (Bandeirante + Escelsa)

Volume Breakdown (3Q09)Volume Breakdown (3Q09)Volume (GWh)Volume (GWh)

-8%

-5% Industrial19%

Free Customers

37%

Other*2%

Commercial12%

Residential21%

Other (captive)

6%

Rural3%

3,291 3,327

9,840 9,912

3Q08 3Q09 9M08 9M09

Captive Customers (GWh)Captive Customers (GWh)

+1%

+1%

2,316 2,015

6,647

5,273

3Q08 3Q09 9M08 9M09

Free Customers (GWh)Free Customers (GWh)

-21%

-13%

* Supply + Own Consumption

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814 855

2,3472,522

3Q08 3Q09 9M08 9M09

128 121

376400

3Q08 3Q09 9M08 9M09

-5%

+6%

Net Revenue (R$ million)Net Revenue (R$ million)

+5%

+7%

195 192

506559

23.9%21.6% 22.2%22.5%

3Q08 3Q09 9M08 9M09

84 96

223262

10.4%9.5%

10.4%11.2%

3Q08 3Q09 9M08 9M09

Distribution’s Performance (Bandeirante + Escelsa)Manageable Expenses (R$ million)Manageable Expenses (R$ million)

Net Income (R$ million) and Margin (%)Net Income (R$ million) and Margin (%)EBITDA (R$ million) and Margin (%)EBITDA (R$ million) and Margin (%)

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6.6% 6.6% 6.7% 6.7% 6.5%

5.6% 5.4% 5.8% 5.7% 5.9%

Technical Commercial

12.2% 12.0% 12.5% 12.4% 12.4%

sep/08 dec/08 mar/09 sep/09jun/09

Opex and Capex: R$8.3 million in programs to controlling losses

58,000 inspections; removal of 34,000 illegal hookups

Recovered Revenue: R$6.8 million due to legalization of fraud

5.5% 5.8% 5.5%5.9%

dec/08 mar/09 sep/09jun/09

5.2%5.8% 5.9% 5.9%

dec/08 mar/09 sep/09jun/09

5.4%5.8% 5.7% 5.9%

dec/08 mar/08 sep/09jun/09

BandeiranteBandeirante EscelsaEscelsa ENBR - ConsolidatedENBR - Consolidated

LossesTotal Losses (%)Total Losses (%)

Commercial Losses

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Commercialization

20

1,6012,218

4,7225,656

182

214

587

639

3Q08 3Q09 9M08 9M09

Others Group Companies

170223

527598

3Q08 3Q09 9M08 9M09

Volume (GWh)Volume (GWh)

13

39

25

11

6.2% 7.4%

4.3%5.9%

3Q08 3Q09 9M08 9M09

7 9

27

18

4.1%

5.1%

4.0%

3.1%

3Q08 3Q09 9M08 9M09

+36%

+16%

+31%

+13%

1,7832,432

5,362

6,243

Commercialization’s PerformanceNet Revenue (R$ million)Net Revenue (R$ million)

Net Income (R$ million) and Margin (%)Net Income (R$ million) and Margin (%)EBITDA (R$ million) and Margin (%)EBITDA (R$ million) and Margin (%)

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Site: www.edpbr.com.br

Maytê Souza Dantas de Albuquerque

Cleverson Murakawa

Rogério Pacheco

Michelle Corda

Nathalia Nakaya

E-mail: ri@edpbr.com.br

Phone: +55 11 2185-5907

Investors Relations Department

Visit EDP Energias do Brasil Website