1. 2Q13 Results

2. This presentation may contain statements that represent expectations about future events or results
according to Brazilian and international securities regulators. These statements are based on certain
assumptions and analyses made by the Company pursuant to its experience and the economic
environment, market conditions and expected future events, many of which are beyond the
Company's control. Important factors that could lead to significant differences between actual results
and expectations about future events or results include the Company's business strategy, Brazilian and
international economic conditions, technology, financial strategy, developments in the utilities industry,
hydrological conditions, financial market conditions, uncertainty regarding the results of future
operations, plans, objectives, expectations and intentions, among others. Considering these
factors, the Company's actual results may differ materially from those indicated or implied in
forward-looking statements about future events or results.
The information and opinions contained herein should not be construed as a recommendation to
potential investors and no investment decision should be based on the truthfulness, timeliness or
completeness of such information or opinions. None of the advisors to the company or parties related
to them or their representatives shall be liable for any 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 may include projections of economic growth, demand, energy
supply, as well as information about its competitive position, the regulatory environment, potential
growth opportunities and other matters. Many factors could adversely affect the estimates and
assumptions on which these statements are based.
Disclaimer

3. Creation of CPFL
Renováveis
651.5
Development Acquisition 12/31/2013 (1) 2016 Assets
with PPA
198
328.2
1,153.1
254
1,735.3
328 MW currently
under construction
# 1 Renewable Energy Player in Brazil, with 1.7GW of contracted capacity (67% in
operation)
3.8 GW high quality pipeline
Regionally diversified portfolio (presence within 8 states) with presence in 4 sources
Contracted Capacity
Installed capacity (MW)
(1) Considers the conclusion of the works of 7 (seven) wind farms of the Santa Clara Complex, totalling188 MW which are ready to generate energy,
and are entitled to the revenue corresponding to the billing contracted in the Reserve Energy Auction (LER) 2009 – still pending the conclusion of
the works of ICG (Deployment of Transmission Exclusively of the Interest of Generation Plants for Shared Connection)
(2) Does not include Rosa dos Ventos ,operating asset, acquired in June/13 which still awaits compliance with contractual provisions before conclusion
Overview of CPFL Renováveis
Long-term PPAs and authorizations/concessions
304.0
197.5
254.0

4. • Company’s operating portfolio
in the 2Q13 was significantly
increased by 27.4%, when
compared to the 2Q12
(1) Does not include Rosa dos Ventos ,operating asset, acquired in June/13 which still awaits compliance with contractual provisions before conclusion
Small Hydro Plant (MW)
Solar (MWp)
Wind (MW)(1)
Total in Operation (MW) (1)
Biomass (MW)
2Q12 2Q13
307.6 326.6
2Q12 2Q13
367.6
555.5
2Q12 2Q13
0.0 1.1
2Q12 2Q13
905.2
1153.1
2Q12 2Q13
230.0 270.0
Portfolio per source
27.4%

5. Track Record Execution
Source: ANEEL and Company. (1) Difference between total contracted capacity of 1,735MW and 1,481MW (under construction + acquisitions) refers to assets that shall start operation by 2016.
(2) No Considers Rosa dos Ventos projects acquired in operation, incorporation of which is in the process of being concluded. (3) Does not include Rosa dos Ventos acquired in operation and
still awaits compliance with contractual provisions before conclusion.
Fusion

6. 2Q13 Highlights
1,153 MW of installed capacity in operation, 27%
increase when compared to the 2S12 (905MW)
1S13 Net Revenue reached R$ 416 million, 45%
growth if compared to the 1S12
Rosa dos Ventos' Acquisition, in June, 2013, with two
operating assets within Ceará state, totaling 13.7 MW of
installed capacity
1S13 Ajusted EBITDA reached R$ 285 million, with margin
of 69% and 66% increase
1S13 investments reached R$ 554 million
CPFL Renováveis S.A. has been traded in the BM&F Bovespa
New Market since July 19, 2013 under ticker CPRE3

7. On June 18, 2013, we acquired 100% of Rosa dos Ventos shares with 13.7 of installed capacity in two
operating assets within Ceará state (1);
CE
Aracati
CE
Aracati
Rosa dos
Ventos
Assets
SIIF
Bons Ventos
CPFL R
Installed Capacity 13.7 MW
Load Factor
(average)
39.0%
Physical
Guarantee(average)
5.36 MWm
(1) Acquisition awaits fulfillment of contractual conditions for completion (2) data-base jun/2013
Canoa Quebrada Lagoa do Mato
10.5 MW 3.23 MW
4.10 MWm 1.26 MWm
R$ 350.81 R$ 309.32
DEC/2008 JUN/2009
3.31 MW 1.43 MW
2028 2029
Installed Capacity
Physical Guarantee
PPA
(PROINFA) (2)
Start of Commercial
Operation
Energy Contracted
Term of PPA
Acquisition of Rosa dos Ventos

8. Operational Data
2Q12 2Q13
263
316
0
0.3
195
164
89
161
SHP
SOL
WIND
BIO
546
1S12 1S13
592.0 644.0
0
0.6
343.0
478.0
122.0
182.0
Energy Generated per Source (GWh)
640
1,058
1,304
In 1S13 the CPFL Renováveis reached 1,304 GWh of generated energy, a 23.3% increase compared to
the same period of 2012, due to growth in the portfolio in operation
Note: The energy generation data does not consider the Santa Clara Complex, which is ready to generate energy and has been
receiving the revenue of its contracts – conclusion of the construction of ICG still pending
17.2%
23.3%

9. Net Revenue
The good performance of net revenues was increased by the assets that entered in operation in 2012
(Bio Ipê, Bio Pedra, Santa Clara Wind Farm, Solar Plant Tanquinho and SHP Salto Góes), in addition to
the contribution of acquisitions of Bons Ventos S.A. and the Ester Plant that was incorporated in June
and October 2012
Net Revenue
42%
SHP
0.6%
Solar
12%
Bio
45%
Wind
2Q12 2Q13
151.1
186.7
1S12 1S13
285.8
415.7
23.5%
45.4%
Per Source

10. • Increase mainly explained due to extraordinary expenses energy purchase and charges
• Furthermore, CPFR Renováveis presented extraordinary expenses with energy purchase and sector
charges of R$ 22.8 million in 2Q13 and R$ 46.0 million in 1S13
Cost of energy generation and
General and Administrative ExpensesCosts–R$mmExpenses–R$mm
2Q12 2Q13
70.9
111.0
56.5%
1S12 1S13
130.5
230.6
76.6%
2Q12 2Q13
48.3
64.7
33.8%
1S12 1S13
91.4
118.4
29.6%

11. Ebitda Ajusted
2T13
EBITDA
171.4
129.9
46.0 16.3 239.0
EBITDA
2Q12
Net Revenue Extraordinary
expenses
PMSO and
others
EBITDA
2Q13
39.4%
EBITDA
1S12
Net Revenue Extraordinary
expenses
PMSO and
others
EBITDA
1S13
60.8% 52.9%
60.0% 57.5%
Margem EBITDA
91.9 35.6 98.722,8 6.0
EBITDA Margin
7.4%
• Increased portfolio
in operation
(R$ 29.6 million)
• Extraordinary
expenses
(R$ 22.8 million)
65.1%
121.5
Ebitda Ajusted
1S13
68.6%
285.0
•11
EBITDA
Ajusted 1S13
• Increased portfolio
in operation
(R$ 113.6 million)
• Extraordinary
expenses
(R$ 46.0 million)

12. • CPFL Renováveis structured itself to increase its asset portfolio
• Costs and expenses while many assets still under construction
• Extraordinary expenses (R$ 22.8 million in the 2Q13 and R$ 46.0 million in the 1S13)
• 1st semester sazonality results (generally inferior to 2nd semester)
Net Results
2Q12 2Q13
(5.5)
(51.6)
-837%
1S12 1S13
5.5
(66.8)

13. 2013 2014 2015 2016 2017 2018+
Debt Amortization (R$ mm)
• Average maturity: 6.8 yeas
• Average nominal cost: 7.61%
(98.6% of CDI)
Debt Profile
(1) refers to funds obtained for projects under construction that have not yet obtained the disbursements of its long-term debt
Debt Profile (June, 2013)
Bridge Loans (1)
CDI
29%
Fixed
13%
TJLP
53%
TJ6
3%
IGPM
2%
3,854.4
777.5
3,076.9
4,657.8
528.3
4,129.5
3,504.5
349.9
3,569.5
1,088.3
June 30, 2012 June 30, 2013
Long Term CashShort term Net debt Net debt/Ebitda 7.2x
Net Debt (R$ million) Debt by Indexator(%)

14. Projects under Construction
92% concluída
Start of
operation
Installed
Capacity
(MW)
Assured
Energy(MWm)
Financing PPA
3Q13 50 18.0
BNDES (contracted and
partially disbursed)
ACL – 20 years
UTE Alvorada
92% concluded

15. Projects under Construction
UTE Coopcana
95% concluded
Start of
operation
Installed
Capacity
(MW)
Assured
Energy(MWm)
Financing PPA
3Q13 50 18.0
BNDES (contracted and
partially disbursed)
ACL - 20 years

16. Projects under Construction
Complex dos Ventos II
82% concluded
Start of
operation
Installed
Capacity
(MW)
Assured
Energy(MWm)
Financing PPA
3Q13 30 15.0
BNDES
(under approval)
(bridge - contracted and
disbursed)
LER aug/10 - 20 years

17. 1) Macacos, Pedra Preta, Costa Branca e Juremas;
Start of
operation
Installed
Capacity
(MW)
Assured
Energy(MWm)
Financing PPA
4Q13 78.2 37.5
BNDES
(bridge - contracted and
partially disbursed,
long term under analysis)
LFA aug/10 - 20 years
Projects under Construction
Complex Macacos I1
61% concluded

18. 1) Atlântica I, II, IV e V;
Projects under Construction
61% concluída
Start of
operation
Installed
Capacity
(MW)
Assured
Energy(MWm)
Financing PPA
4Q13 120 52.7
BNDES
(bridge contracted and
disbursed, long term under
analysis)
(bridge - contracted and
disbursed)
LFA 2010 - 20 years
Complex Atlântica1
61% concluded

19. Start of operation 1Q16 3Q16
Installed Capacity
(MW)
82.0 172.0
Assured
Energy(MWm)
40.2 89.0
Financing
BNDES
(being structured)
BNDES
(being structured)
PPA ACL - 19 years ACL - 20 years
1) Campo dos Ventos I, III, V;
2) Ventos de São Benedito, Ventos de Santo Dimas, Santa Mônica, Santa Úrsula São Domingos e Ventos de São Martinho;
Projects under Construction
10% concluded
Complex Campo
dos Ventos1
8% concluded
Complex
São Benedito2

20. Lock-up:
• 8 months for 100% of shareholding interest for selling
shareholders, FIP Brasil Energia and Previ
• 6 months for 100% of shareholding interest for Company,
controlling shareholders and management
• Additional Lock-up of 6 months for 60% of shareholding interest
for selling shareholders, FIP Brasil Energia, Previ, controlling
shareholder and management
Ticker: CPRE3
Listing Segment: BM&Bovespa new market
• The Company concluded its Initial Public Offering (IPO)(1) on July, 2013
• Total amount of R$ 900 million:
• R$ 350 million as primary offering
• R$ 550 million as secondary offering
Capital Markets
(1) The offering is still under way at this time, in the so-called stabilization period, hence the closing announcement has not been published
until this date.

21. 9.4% 9.2% 7.6% 5.0% 3.2% 2.5%63.0% n.a.
5.6% 5.5% 7.1% 3.0% 1.9% 1.5%59.0% 9.1%
Prior to
Offering
After
Offering
Market
n.a.
7.3%
Shareholder structure

22. Quotations and Charts
• Currently, the Company’s market value is equivalent to R$ 5.3 billion
• More than 4.7 million were traded in shares (~ R$ 56 million)
• Average daily volume of 262 thousand shares (~ R$ 3 million)
Volume (amount) Price (R$)

23. Contacts
Closing Rate:
08/13/2013:
R$ 12.14
Market Value
R$ 5.34 Billion | US$ 2.31 Billion
Miguel Saad
President Director
Marcelo Souza
Financial and Investor Relations Director
Maria Carolina Gonçalves
Investor Relations Superintendent
Daniele de Oliveira
Investor Relations Analyst
Priscila de Oliveira
Investor Relations Analyst
E-mail: ri@cpflrenovaveis.com.br
Telephone: 11- 3157-9305
Press Agency
RP1 Comunicação Empresarial
E-mail: selmasantos@rp1.com.br
Telphone: 11-5501-4655•23