Felipe Andrade's questions to Centrais Eletricas Brasileiras SA - Eletrobras (EBR) leadership • Q2 2025
Question
Felipe Andrade from Itau BBA asked for more details on Eletrobras's Q2 trading strategy, specifically how subsidiaries contributed to ACL margins, and inquired about the recurring CapEx forecast for improvements.
Answer
Italo Freitas, VP of Trade and Energy Solutions, explained that the trading strategy involves a portfolio analysis to find clients that add value, with a focus on each submarket. An executive elaborated that the strategy for the year involved leaving more energy uncontracted for later quarters to capitalize on potential price increases. Elio Wolfe, VP of Strategy and Business Development, highlighted that investments in reinforcements and improvements are growing, projecting over BRL 4.5 billion for 2025, up from around BRL 3.3 billion in 2024.