EDP Brasil shares will be traded on the European market | EDP Brasil

EDP Brasil, a subsidiary of the EDP Group that operates throughout the value chain of the Brazilian electricity sector, received authorization from the Latibex Board, a Latin American securities market linked to the Spanish stock exchange, for its shares to be traded on the European market. The Company's virtual listing ceremony is scheduled for the 27th, at 7:30 am, with the participation of João Marques da Cruz, CEO of EDP Brasil, and Jesús González-Nieto, general director of Latibex, and will be broadcasted on the Latibex channel on YouTube. At the time, a webinar will be held in which the Company's strategy and growth plans for the 2021-2025 cycle will be presented.

The shares of EDP Brasil, whose market value is estimated at R$ 12 billion, will be traded on Latibex through the XENBR ticket. With the entry into the European market, the Company hopes to increase its exposure to foreign investors, enabling new ways to finance its activities and the appreciation of its assets. European private individual investors, in turn, now have access to a robust company, which has been achieving record financial results for three consecutive years, in addition to being a reference in ESG in the Brazilian market.

“Trading our shares in a new market represents another important chapter in EDP's steady growth trajectory in Brazil. The Company's listing by Latibex demonstrates that its governance standards are in line with the best international practices and that the company has some of the most competitive Latin American assets on the world stage. We are very excited to take this step further”, states João Marques da Cruz, CEO of EDP Brasil.

 “For Latibex, it is a pleasure to welcome EDP Brasil to this market. Its arrival reinforces Latibex's role as a bridge between companies and investors on both sides of the Atlantic and represents the growing interest of Latin American companies in European financial markets”, says Jesús González Nieto, general director of Latibex.

Record investment

EDP has been operating in Brazil since 1996 and went public in the country in 2005. Currently, its market value is estimated at R$12 billion – four times bigger than when it started selling shares. The Company has more than 10,000 employees, including direct and outsourced, and it is present in 13 Brazilian states, where it operates in the Generation, Distribution, Transmission, Commercialization and Services in Energy segments, offering solutions in solar generation and electric mobility, with a focus in the B2B market.

For the 2021 to 2025 cycle, EDP Brasil announced a record investment of R$ 10 billion in the country, with three priority axes. The first of them is the Distribution, a business in which the Company has 3.6 billion customers in its concession areas in the states of São Paulo and Espírito Santo, in addition to being the main shareholder of Celesc, an energy distributor in Santa Catarina. The second investment axis is the Solar Energy, in which the Company intends to increase the size of its solar park by 25 times compared to 2020, reaching 1 MWp in 2025, with distributed generation and utility scale projects through corporate PPAs.

The third one is the Energy Transmission, a segment in which EDP is present in eight Brazilian states. On this front, the strategy consists of acquiring greenfield projects both in the primary market, via auctions, and in the secondary market, considering the Company's expertise in generating value through early delivery and within the expected cost of large infrastructure works.

Reference in ESG

EDP Brasil is also recognized for its good practices in ESG. The Company became the first in the energy sector in Latin America and a large company in Brazil to have its goal of reducing CO2 emissions approved by the international Science Based Targets (SBTi) initiative that mobilizes companies to assume goals to reduce emission of greenhouse gases in a science-based manner. The Company publicly committed to, by 2032, reduce the intensity of its emissions by 85% compared to 2017, not producing approximately 8 million tons of these gases.

The company was recently ranked among the five companies listed on the Brazilian Stock Exchange with the highest number of women on the Board of Directors. Currently, EDP Brasil has 33% female representation in this administrative instance – the triple of the national average. This pioneering spirit was recognized with the Women on Board seal, supported by UN Women Brazil.

At the end of 2020, for the 15th consecutive time, EDP was included in the list of the most sustainable companies on the Brazilian stock exchange (B3), appearing in the Corporate Sustainability Index (ISE). The Company obtained above average scores in all dimensions of the questionnaire and was considered a benchmark in five of the seven dimensions (General, Social, Environmental, Economic and Nature of the Product).

The company also maintains the Instituto EDP, responsible for the sociocultural initiatives of EDP Brasil, such as the master sponsorship of the restoration of the Museu da Língua Portuguesa and the Museu do Ipiranga, in Brazil. Since it was founded in 2009, the Instituto EDP has already invested more than R$ 130 million in projects, which have benefited more than 3 million people, in approximately 450 programs throughout the country. Only in 2020, the initiatives supported by the organization favored more than 400 thousand residents of the communities surrounding the Company's areas of operation.

About EDP Brasil

Present in the country for over 20 years, EDP is one of the largest private companies in the electricity sector operating throughout the value chain. With more than 10,000 direct and outsourced employees, the Company has businesses in Generation, Transmission, and Energy Services Solutions aimed at the B2B market, such as solar generation, electric mobility and the free energy market. In Distribution, it serves about 3.5 million customers in São Paulo and Espírito Santo, in addition to being the main shareholder of Celesc, in Santa Catarina. In 2020, it was elected the most innovative company in the electricity sector by the Valor Inovação ranking, of the Valor Econômico newspaper, and is a reference in ESG, being on the B3 Corporate Sustainability Index (ISE) for 15 consecutive years.

About Latibex

Latibex was created in 1999 and is the only international market focused exclusively on Latin American bonds traded in euros. This market brings European investors closer to the Latin American region through a solid and secure market, supported by the Spanish Stock Exchange's trading and settlement platform. After the listing of EDP Brasil, Latibex now has 11 Brazilian companies, six from Mexico, two from Argentina and one from Peru. The return of the FTSE Latibex Top index so far this year is over 14%. The 23rd edition of the Latibex Forum, a reference event to bring together companies and investors from Latin America and Europe, will be held from November 22nd to 24th. Due to the Covid-19 pandemic, the conference will once again have a virtual format and EDP Brasil will be present.