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Corporate Presentation January 2013 Corporate Presentation January 2013 Slide 2 100% 51% 100% 51% 20% Light Energia S.A. Light Energia S.A. Light Servios de Eletricidade S.A. Light Servios de Eletricidade S.A. Light Esco Prestao de Servios S.A. Light Esco Prestao de Servios S.A. Lightcom Comercializadora de Energia S.A. Lightcom Comercializadora de Energia S.A. Itaocara Energia Ltda. Itaocara Energia Ltda. Light Solues em Eletricidade Ltda. Light Solues em Eletricidade Ltda. Instituto Light Instituto Light Lightger S.A. Lightger S.A. Axxiom Solues Tecnolgicas S.A. Axxiom Solues Tecnolgicas S.A. CR Zongshen E-Power Fabricadora de Veculos Ltda. CR Zongshen E-Power Fabricadora de Veculos Ltda. Renova Energia S.A. Renova Energia S.A. Light S.A. (Holding) Light S.A. (Holding) 25.5% Amaznia Energia S.A. Amaznia Energia S.A. EBL Cia de Eficincia Energtica S.A EBL Cia de Eficincia Energtica S.A DistributionGeneration Commercialization and Service System Electric Vehicles Institutional Light Holdings Norte Energia S.A. Norte Energia S.A. 2 Central Elica Fontainha Ltda. Central Elica Fontainha Ltda. Central Elica So Judas Tadeu Ltda. Central Elica So Judas Tadeu Ltda. 100% 21.99% 33% 9.77% Guanhes Energia S.A. Guanhes Energia S.A. 100% 51% Slide 3 3 3 Integrated Net Revenues 2011 R$ Billion Distribution Energy Consumption in Concession Area (2011) - GWh 1 Generation Private-owned Companies Installed Hydro-generation Capacity (MW) 2011 Rankings Souce: Companies reports Note: 1 Captive market + free clients 2 It doesnt consider the consumption of CSN and CSA Among the largest players in Brazil 54.590 50.404 45.101 29.139 25.593 22.932 15.8 12.8 9.8 7.8 6.2 5.4 6.908 2.654 2.241 2.210 1.828 866 2 Slide 4 CEMIG RME LEPSA BNDESPAR MARKET FIP LUCE PARATI CEMIG FIP REDENTOR FIP REDENTOR ENERGIA REDENTOR ENERGIA 26.06% 13.03% 13.46%34.41% 100% 75% 25% 13.03% 100% 96.80% 6.41%19.23% BTG PACTUAL BTG PACTUAL SANTANDER VOTORANTIM BANCO DO BRASIL BANCO DO BRASIL 28.57% 5.50% 28.57% 5.50% 28.57% 5.50% 14.29% 2.74% MINORITY SHAREHOLDERS MINORITY SHAREHOLDERS 3.20% 0.42% Free Float 47.9% 100% 25.64%* FOREIGN NATIONAL 57.02% 42.98% Percentage in blue: indirect stake in Light *12.61% (RME) + 13.03%(LEPSA) Light S.A. (Holding) Light S.A. (Holding) Controlling Shareholders 52.1% Shareholders Structure 11 Board members: 8 from the controlling group, 2 independents e 1 employees nominated A qualifying quorum of 7 members to approve relevant proposals such as: M&A and dividend policy Indirect stake in blue 4 Slide 5 5 Corporate Governance General Assembly Fiscal Council Board of Directors Auditors Committee Auditors Committee Governance and Sustainability Committee Human Resources Committee Finances Committee Management Committee Chief Executive Officer Chief HR Officer Chief Business Officer Corporate Management Officer Chief Legal Officer Chief Financial and Investor Relations Officer Chief Distribution Officer Chief Energy Officer Joo B. Zolini Carneiro Jos Humberto Castro Evandro L. Vasconcelos Andreia Ribeiro Junqueira Fernando Antnio F.Reis Paulo Carvalho FilhoEvandro L. Vasconcelos* Paulo Roberto R. Pinto Chief Communications Officer Luiz Otavio Ziza Valadares LGSXY ADR-OTC Interim* Slide 6 6 6 Distribution Business 4.0 million clients (serving 10 million people) Energy sales (2011) 22.932 GWh 70% of the consumption of Rio de Janeiro state (Brazils 2nd GDP) 6 th largest energy distribution company in Brazil (2011) Slide 7 ELECTRICITY CONSUMPTION TOTAL MARKET (GWh) - Quarter Note: To preserve comparability in the market approved by ANEEL in the tariff adjustment process. the billed energy of the free customers Valesul, CSN and CSA were excluded in view of these customers planned migration to the Basic Network. Energy Consumption Distribution 7 RESIDENTIAL 33% INDUSTRIAL 7% OTHERS 15% FREE 15% COMMERCIAL 30% +3.5% 5.299 5.144 21.7C 22.4C 3Q11 3Q10 4.989 5.486 3Q09 22.1C 21.7C +3.2% 3Q12 Slide 8 Total Market ELECTRICITY CONSUMPTION (GWh) TOTAL MARKET 3 rd QUARTER FREE CAPTIVE RESIDENTIALINDUSTRIALCOMMERCIAL OTHERS TOTAL 3Q113Q12 3Q113Q12 3Q113Q12 3Q113Q12 3Q113Q12 +3.5% 4.559 4.645 5.299 740 840 5.486 +4.6% 810 847 854 45 47 894 +13.3% 1.440 1.627 1.595 155 180 1.807 +1.7% 427 370 968 541 614 984 -4.3% 1.882 1.801 8 Slide 9 9 9 Prospects for State of Rio Investments of R$ 211.5 billion in the State of Rio de Janeiro Period 2012-2014 Source: Firjan (Industry Federation of Rio de Janeiro) Oil R$ 107.7 bn 50.9% Tourism R$ 1.8 bn 0.9% Others R$ 1.9 bn 0.9% Olimpic Facilities R$ 8.6 bn 4.1% Infrastructure R$ 51.0 bn 24.1% Transformation Industry R$ 40.5 bn 19.1% Slide 10 10 Rio de Janeiro Economic activity leading to more demand -Maracan (ND) -Porto Maravilha (ND) -Morar Carioca (ND) -Aeroporto Tom Jobim (5MW) -Estaleiro Inhauma (ND) -Atento (2MW) -Expanso Nova Amrica (4MW) -Expanso Norteshopping (3MW) -Petrobras (15MW) -CSN (100MW) -Gerdau (30MW) -Usiminas (20MW) -LLX (40MW) -Base Naval(25MW) -Hotel Comfort (3MW) -Gerdau (90MW) -Shop.CampoGde(3MW) - Rolls Royce (3MW) -Nestl (3MW) -Bio Manguinhos (ND) -Hermes (3MW) -Votorantin (ND) -Ongoing (ND) -Bunge (ND) -AMBEV (2MW) -GE (6MW) -Shop. Metropolitano (10MW) -RHI (5MW) -Lavazza (3MW) -Ajebras (5MW) -Reluz (ND) -Embelleze (5MW) -MRS (ND) -AMBEV (ND) -NeoBus (10MW) -Coquepar (42MW) -Procter & Gamble (10MW) -Alpargatas (ND) The State of Rio de Janeiro will attract $ 250 billion as investments by 2016 Source: Associao Brasileira de Municpios ABM website. Centro Tecnolgico Fundo (ND) -Shopping Village Mall (7MW) - Edifcio Tishman Speyer (5MW) - Expanso Via Parque (2MW) - Casa Granado (3.5MW) - Hospital So Lucas (4MW) - Metr Ipanema (8MW) - Flow Serve (11MW) - Alog Data Center (12MW) Slide 11 Collection 11 COLLECTION RATE 12 MONTHS COLLECTION RATE BY SEGMENT QUARTER 3Q113Q12 PUBLIC SECTOR LARGE CLIENTSTOTALRETAIL 97.7% 97.8% 96.3% 93.0% 102.2% 99.7% 106.2% 99.8% 97.2% 98.3% Sep/11Sep/12 Slide 12 Loss prevention 12 Reflects exclusion of long term delinquent customers from the billing system, according to Resolution 414 by Aneel. Non Technical Losses Distribution (5.615 GWh) Risky Area Non-Risky Area 37% 63% LOSS (12 MONTHS) Technical losses GWh % Non-technical losses/ LV Market % Non-technical losses / LV Market - Regulatory Sep/11 Non-technical losses GWh Dec/11Jun/12Mar/12Sep/12 42.2% 40.7% 41.2% 33.8% 5.316 2.328 2.349 5.229 7.582 7.627 7.665 40.4% 2.335 5.247 43.1% 5.615 2.432 8.047 5.457 2.381 7.839 Slide 13 13 Loss prevention 33.8% Technical losses GWh % Non-technical losses/ LV Market % Non-technical losses / LV Market - Regulatory Non-technical losses GWh Reflects exclusion of long term delinquent customers from the billing system, according to Resolution 414 by Aneel. Sep/11Dec/11Jun/12Mar/12 Sep/12 Sep/10Dec/10Jun/11Mar/11Jun/10Mar/10 42.2% 40.7% 41.2% 40.4% 43.1% 42.7% 42.4% 42.1% 41.8% 41.6% 41.3% 5,316 2,328 2,349 5,229 7,582 7,627 7,665 2,335 5,247 5,615 2,432 8,047 5,457 2,381 7,838 5,330 2,191 2,214 5,313 2,197 5,352 5,312 2,231 5,278 2,215 5,326 2,293 7.549 7.504 7.544 7,543 7.493 7,619 LOSS (12 MONTHS) Slide 14 14 Loss prevention LOSS (12 MONTHS) Slide 15 15 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 operational activities, increase of public awareness and institutional partnerships with interested agents. Grid shielding projects Actual gridShielded grid Control room 3 m 9 m Low voltage Mechanical Meter Medium voltage Display Low voltage Medium voltage Centralized meter Slide 16 16 New Technology Program Monitoring, reading, cutting and reconnection of customers telemetry MCC (Measuring Center Centralized) Prioritization in areas of high losses and aggressiveness to the network Technology hindering inappropriate interference in networks Meters Installed (Thousands) (ITRON) (LANDIS GYR. CAM and ELSTER) CENTRALIZED INDIVIDUAL 72 38 110 38 2010 2011 Sep /12 208 283 170 245 Slide 17 17 Losses (before): 26% Losses (current): 7% New Technology Results - Individual Slide 18 18 New Technology Results - Centralized Losses (before): 48% Losses (current): 14% Slide 19 19 Area: Nova Cidade Neighborhood - Nilpolis Zero Losses Area Slide 20 20 Program Gains An example 300 kWh 100 kWh REAL CONSUMPTION BILLED CONSUMPTION NEW METER INSTALLATION 200 kWh LOST ENERGY ENERGY SAVED 100 kWh BILLED CONSUMPTION INCREASE 100 kWh OTHER EFFECTS (BY-PRODUCTS): CAPEX GOES TO THE RAB BAD DEBT PROVISION REDUCTION OPERATIONAL COSTS REDUCTION Slide 21 21 Transformation of risky areas Slide 22 22 Pacified Communities Batan Cidade de Deus S. Marta Mang. e Babil. Tabaj. e Cabr. Alemo Formiga Andara Macacos Salgueiro Cantag. e Pavoz. Borel e Casabranca 64.7 thousand clients inside pacified communities with new meters and network Santa MartaBeforeAfter Clients731.605 Losses90%6% Delinquency70%2% Slide 23 Generation Business Slide 24 24 Installed Capacity HPP Santa Branca 56 MW HPP Ilha dos Pombos 187 MW HPP Fontes Nova 132 MW HPP Underground Nilo Peanha - 380 MW HPP Pereira Passos 100 MW SP RJ HPP Santa Branca Paraiba do Sul River HPP Ilha dos Pombos Installed Capacity 868 MW 100% Lajes Complex 51% SHP Paracambi 13 MW Slide 25 25 Re-pricing of existing energy Contracted Energy (Regulated) Contracted Energy (Free) Hedge Available Energy Average sale price to free market (R$/MWh) 128135148151155157 Conventional Energy Balance Assured energy (MW average) Database january. 2012 Average price to Regulated Market (dec/11): R$ 75/MWh Slide 26 26 SP RJ Paraiba do Sul River Lajes Complex SHP Lajes Installed Capacity: 17 MW The construction is to be started by the 2nd half of 2012. Operational Start: 2nd half of 2014; Installation License already issued. HPP Itaocara Installed Capacity: 151 MW The construction is to be started by the end of 2012. Commercial Operation