1. 2Q12 Results Presentation
São Paulo, August 14th 2012
Your energy
1 INSPIRES US

2. CTEEP
Highlights of the Quarter
2Q12 Results
Capital Market Performance
Your energy
2 INSPIRES US

3. CTEEP Profile
A estratégia da CTEEP é baseada no crescimento sustentável
com foco na contínua criação de valor
The largest private sector concessionaire operating a public utility service for the
transmission of energy in Brazil, controlled by ISA, one of the largest energy
transmission groups in Latin America.
Responsible for the annual transmission of 28.0% of all electricity produced in the
country, 60% of the energy consumed in the Southeast Region and nearly 100% in the
state of São Paulo;
12,993 Km of transmission lines;
18,782 Km of circuits;
2,488 Km of optic fiber cables
106 substations.
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3 INSPIRES US

4. Expansion of national Territory
A estratégia da CTEEP é baseada no crescimento sustentável
com foco na contínua Non-stop Transmission
Largest
criação de valor
Lines under construction in the
world (IEMadeira)
Starting in the continuous current
technology
Relevant Interconnection Projects
in the North of Brazil
EVRECY*
Major supporting Works in the
South and Southeast of Brazil
In Operating
In Construction Your energy
Acquisition of Assets INSPIRES US
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5. CTEEP
Highlights of the Quarter
2Q12 Results
Capital Market Performance
Your energy
5 INSPIRES US

6. Rating Fitch
In June, Fitch Ratings assigned a ‘AA+(bra)’ Long-Term National Rating to
Transmissão de Energia Elétrica Paulista S.A. (CTEEP).
CTEEP’s ratings reflect the Company’s strong financial profile characterized by
manageable leverage, stable cash flow generation and predictable and low business risk.
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6 INSPIRES US

7. Acquisition of Evrecy Participações
Acquisition of 100% of the shares of Evrecy,
from EDP – Energias do Brasil S.A. (“EDP”) for R$
58MM. Concession expires on July 17, 2025.
States of Minas Gerais and Espírito Santo:
TL 230 kV Governador Valadares/Conselheiro
Pena;
TL Conselheiro Pena/Aimorés,
TL Aimorés /Mascarenhas
154 km in length
SS Mascarenhas 500 MVA
RAP of R$ 8,205,061 (RAP Cycle 2011/2012).
Additional RAP for complementary work on SS
Conselheiro Pena of R$ 1,196,305
(baseline: Dec/2010)
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8. CTEEP
Highlights of the Quarter
2Q12 Results
Capital Market Performance
Your energy
8 INSPIRES US

9. Highlights
A estratégia da CTEEP é baseada no crescimento sustentável
com foco na contínua criação de valor
Gross Operation Revenue: R$ 758.5 million
Net Operation Revenue: R$ 659.4 million
EBITDA: R$ 346.8 million
EBITDA Margin: 52.6%
Net Income: R$ 201.2 million
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10. Gross Operating Revenue
(R$ million)
A estratégia da CTEEP é baseada no crescimento sustentável
com foco na contínua criação de valor
Your energy
10 INSPIRES US

11. Net Operating Revenue
(R$ million)
1,297.8 1,310.8
690.7
659.4
2Q11 2Q12 1H11 1H12
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11 INSPIRES US

12. Maintenance Services Costs and Operating
Expenses
A estratégia da CTEEP é baseada no crescimento sustentável
com foco na contínua criação de valor
Cost of Services
Change % Change %
(R$' 000) 2Q12 2Q11 1H12 1H11
2Q12/2Q11 1H12/1H11
Personnel (48,509) (40,736) 19.1% (96,683) (79,536) 21.6%
Material (115,213) (209,955) -45.1% (240,807) (356,576) -32.5%
Leases and rentals (2,177) (2,346) -7.2% (4,321) (4,201) 2.9%
Services (107,879) (63,449) 70.0% (182,718) (126,691) 44.2%
Other (3,834) (3,633) 5.5% (9,996) (8,852) 12.9%
Total (277,612) (320,119) -13.3% (534,525) (575,856) -7.2%
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12 INSPIRES US

13. General and Administrative Expenses
A estratégia da CTEEP é baseada no crescimento sustentável
com foco na contínua criação de valor
General and Administrative Expenses
Change % Change %
(R$' 000) 2Q12 2Q11 1H12 1H11
1Q12/1Q11 1H12/1H11
Personnel (12,407) (10,630) 16.7% (25,325) (20,406) 24.1%
Material (188) (399) -52.9% (691) (652) 6.0%
Leases and rentals (1,612) (1,209) 33.3% (3,077) (2,203) 39.7%
Services (11,788) (8,376) 40.7% (25,545) (19,828) 28.8%
Depreciation (1,025) (1,639) -37.5% (2,292) (3,152) -27.3%
Contingencies (4,434) (12,606) -64.8% (10,010) (18,188) -45.0%
Other (4,603) (3,969) -16.0% (14,156) (10,052) 40.8%
Total (36,057) (38,828) -7.1% (81,096) (74,481) 8.9%
Your energy
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14. Ebitda and Ebitda Margin
(R$ million) A estratégia da CTEEP é baseada no crescimento sustentável
com foco na contínua criação200.0% valor
de
48.3% 52.6% 50.13% 53.21%
1,051.0
0.0%
-200.0%
697.5
701.0 650.6
-400.0%
333.4 346.8 -600.0%
351.0
-800.0%
1.0 -1000.0%
2Q11 2Q12 1H11 1H12
Ebitda Ebitda Margin
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15. Net Income
A estratégia da CTEEP é baseada no crescimento sustentável
(R$ million) com foco na contínua criação de valor
406.3 406.3
200.5 201.2
2Q11 2Q12 1H11 1H12
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16. Capital Structure
FUNDING CHARGES MATURITY 2Q12 4Q11
Distribuition of
BNDES
debt burdens
CTEEP A estratégia da CTEEP281,409
TJLP + 2.3% year
6/15/2015 é baseada no crescimento sustentável
328,318
TJLP + 1.8% year
6/15/2015 168,894 196,251
IEMG TJLP + 2.4% year
4/15/2023
TJLP + 2.8% year
1/15/2013
com foco229,947 contínua criação de valor
55,077
235,052
na
57,631
IEMADEIRA CDI
TJLP + 2.8% year 1/15/2013 144,468 71,890
5,5% year 5/15/2025 5,062 5,328 51.2%
IESUL
TJLP + 2.4% year 1/15/2021 4,982 4,240
5,5% year 5/15/2026 49,646 49,562 TJLP
PINHEIROS 35.3%
TJLP + 2.6% year 1/15/2021 78,035 75,872
TJLP + 1.9% year 5/15/2026 51,609 48,282
SERRA DO JAPI
TJLP + 1.5% year 5/15/2026 44,726 42,217
IPCA
Comercial Papers
2.5%
5th Series - CTEEP CDI + 0.4% year 7/5/2012 332,115 316,885
Others
4th Series - CTEEP CDI + 0.4% year 1/12/2012 - 223,048
11.4%
6th Series - CTEEP 104,9% CDI year 1/5/2013 417,886
2nd Series - IEMadeira 106,5% do CDI year 10/24/2012 150,260 - Distribuition of
Debentures debt
1s t Issuance - CTEEP CDI + 1.3% year 12/15/2014 490,249 490,736 contracting
2nd Issuance - CTEEP IPCA + 8.1% year 12/15/2017 66,348 67,117 Comercial
Single Series - IEMadeira 106.5% CDI year 9/15/2012 229,420 221,608 Papers
Banks 28.4%
USD + 4% year * 4/26/2013 131,620 122,077
CTEEP
USD + 2.1% year ** 10/21/2013 173,211 159,116 BNDES
CDI + 2.0% year 10/21/2013 4,510 4,365 35.3%
IENNE
10.0% year - 55,069 55,898
Eletrobras 8% year 11/15/2021 366 391
Leasing - - 467 619
TOTAL CONSOLIDATED 3,170,481 2,771,398 Debentures
24.8%
Banks
(*) with Swap 103,5% CDI
12.4%
(**) with Swap 98,3% CDI
(***) The cost of debt is 8.5% annually, including a performance bonus of 1.5%..
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17. Breakdown of Net Debt
At the end of 2Q12, net debt was R$ 2,959.8 million, representing an increase of 15.4 % over outstanding
A estratégia da CTEEP é baseada no crescimento sustentável
debt in 4Q11. The net debt to shareholders equity ratio at the end of 2Q12 was 63.8%.
com foco na contínua criação de valor
(R$ million)
2,959.8
As a contractual obligation under its financing 2,801.0
2,564.1
agreements, the Company must comply with 2,451.0
quarterly and semi-annually determined 2,101.0
covenants on the basis for the financial
1,751.0
statements for these periods and prepared in
1,401.0
2.0
line with generally adopted accounting practices 1.8
1,051.0
in Brazil. The Company’s principal covenant is
701.0
the Net Debt to Ebitda ratio that should be
equal or less than 3.5. 351.0
1.0
4T11 2T12
Net Debt
Net Debt/EBITDA (Last 12 months)
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18. CTEEP
Highlights of the Quarter
2Q12 Results
Capital Market Performance
Your energy
18 INSPIRES US

19. Capital Market
Trading Financial 1H12
(R$ million)
Total R$ 1,192 milhões Daily Avarege/ Dia R$ 9.5 milhões
30.0
25.0
20.0
15.0
10.0
5.0
0.0
Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12
104.444 thousand trading
130.00
+25.93% transactions in 1H12 (829
120.00 daily average traded);
+10.54%
110.00
+8.59% Present on all trade days;
100.00
-4.23% Component of Ibovespa;
90.00
(base 31/12/2011 = 100)
80.00
R$ 10.0 billion market
January-12 February-12 March-12 April-12 May-12 June-12 capitalization.
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19 TRPL3 TRPL4 IBOVESPA IEE INSPIRES US

20. Shareholder’s Remuneration
A estratégia da CTEEP é baseada no crescimento sustentável
AUTHORIZED
TYPE com foco na contínua criação de valor
AMOUNT R$
DATE OF PAYMENT FISCAL YEAR
EVENT DATE TOTAL P/SHARE
Dividends 50,331,754.67 0.329695
RCA 3/29/2012 2012
JCP 63,949,929.58 0.4189 4/30/2012
AGO/E 4/16/2012 Dividends 31,348,975.09 0.205349 2011
TOTAL OF PAYMENT - 2Q12 145,630,659.34 0.953944
In 2Q12, CTEEP paid out to its shareholders R$ 63.9 million as interest on shareholders’ equity, corresponding to
R$ 0.4189 per share for both types of share and R$ 81.7 million as dividends equivalent to R$ 0.5350 per share,
again for both types.
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21. Disclaimer
A estratégia da CTEEP é baseada no crescimento sustentável
com foco na contínua criação de valor
All statements contained herein with regard to the Company’s
business prospects, projected results and the potential growth
of its business aremere forecasts, based on local management
expectationsin relation to the Company’s future performance.
Dependent as they are on market shifts and on the overall
performance of the Brazilian economy and the sector
and international markets, such estimates
are subject to changes.
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22. Investor Relations
Phone: 55 11 3138-7557
ri@cteep.com.br
www.cteep.com.br/ri
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