The document provides an overview of AES Brasil Group, which serves 7 million clients in Brazil. It summarizes AES Eletropaulo, the largest electricity distribution company in Latin America, which serves over 16 million people in the São Paulo metropolitan area. The document outlines AES Eletropaulo's investments, market share, financial results including revenues and earnings, electricity load served, and consumption trends among residential, commercial, industrial, and other customer classes.

1. Latibex Forum
November, 2009

2. AES Brasil Group
7 million Clients
... with a 2008 result:
Market Share 6 thousand AES People
R$ 3.2 billion (Ebitda)
R$ 1.7 billion (net income)
Discos
14.6%
85.4%
Gencos
3.0%
97.0%
Investments 1998 - 2008:
R$ 5 billion after privatization
AES Brasil Disco Genco
Trading Company Telecom
Others
2

3. AES Eletropaulo
Overview
• Largest electricity distribution company in Latin America
São Paulo Metropolitan Area • Serving 24 municipalities in the São Paulo Metropolitan area,
including the capital
• Concession area: 4,526 km2
• Concession area with one of the highest concentration of GDP
per capita in Brazil
• Population Served: 16 million
• 4,143 workers
• 5.9 million of consumption units
Regional West Regional North
Regional South Regional ABC
Regional East
3

4. Financial Facts
Investments Breakdown – R$ million Ebitda – R$ million
523 Capex
457 55
433 Paid by customers 1,766
47 1,566 1,696
378 69
305 324 1,140 1,143
77
468 26
36
410
364
301 269 298
2006 2007 2008 9M08 9M09
2006 2007 2008 2009e 9M08 9M09
Dividend Payout – R$ million Net Income – R$ million
Dividends Pay-out Yield PNB
101.5% + 175%
100.3% 1,027
34.9%
14.4% 20.3%
713
3.2% 496 538
1,043
373
715
323
130
2006 2007 2008 9M08 9M09
2006 2007 2008 9M09 4

5. AES Eletropaulo
GDP¹ Load – (GWh)
+ 3%
+ 0%
+ 3%
5.2% 5.1% + 4% 48,237
5.0% 46,789
45,215 46,606
2.9% 43,518
34,741
0.2%
2Q09 YTD
2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 9M09
(e)² (e)² (e) (e)
-1.5%
1 – Source: IBGE (Brazilian Institute of Geography and Statistics) 2 – Focus Report from 11/13/2009
5

6. Consumption evolution
Total Market - (GWh)1 9M09 Consumption Share - (GWh)1
+ 8% 8%
6%
41,243 41,305 17%
39,932 - 1% 37%
38,183 6,829
7,383
7,355 30,730 30,377 14%
6,527
410 410 5,625 5,024
26%
31,656 32,577 33,860 34,475 + 1%
25,105 25,353
2006 2007 2008 2009 9M08 9M09 Residential Industrial
(e)
Commercial Others
Free Clients Captive market
Free Clients
1 – Own consumption not considered 6

7. Consumption classes
Residential - (GWh)
+ 2.4% + 3.8% + 7.8% + 4.7%
3,978
3,742
3,605 3,691 10,708
3,412 3,494
1Q08 1Q09 2Q08 2Q09 3Q08 3Q09 9M08 9M09
Commercial - (GWh)
+ 4.2% + 4.6% + 1.0% + 3.2%
7,850
2,657 2,625 7,603
2,567
2,551 2,510 2,542
1Q08 1Q09 2Q08 2Q09 3Q08 3Q09 9M08 9M09 7

8. Consumption classes
Industrial - (GWh)
-13.5% -8.9% -10.9% -11.1%
1,735 4,878
1,535 1,608 1,546 4,337
1,465
1,327
1Q08 1Q09 2Q08 2Q09 3Q08 3Q09 9M08 9M09
Captive Market - (GWh)
+ 0.0% + 1.7% + 1.2% + 1.0%
8,742 25,352
8,493 8,635
8,351 25,104
8,118 8,118
1Q08 1Q09 2Q08 2Q09 3Q08 3Q09 9M08 9M09 8

9. Consumption classes
Free Market - (GWh)
+4,7%
-15.1% -9.4% -7.6% -10.7%
5,625
1,899 1,874
1,853
1,720 1,731 5,024
1,573
1Q08 1Q09 2Q08 2Q09 3Q08 3Q09 9M08 9M09
Total Market - (GWh)
-2.8% -0.4% -0.3% -1.1%
10,509 30,730
10,473 30,377
10,250 10,212
9,971
9,692
1Q08 1Q09 2Q08 2Q09 3Q08 3Q09 9M08 9M09 9

10. The statements contained in this document with
regard to the business prospects, projected operating
and financial results, and growth potential are merely
Contacts:
forecasts based on the expectations of the
Company’s Management in relation to its future
ri.eletropaulo@aes.com
performance. Such estimates are highly dependent
on market behavior and on the conditions affecting + 55 11 2195 7048
Brazil’s macroeconomic performance as well as the
electric sector and international market, and they are
therefore subject to changes.