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Fact Sheet 1Q12 Corporate Profile CPFL Energia is a publicly held holding company made up of companies in the distribution, generation and sales of electric power and value-added services segments. It the largest privately-owned group in the Brazilian electric industry. With nearly 100 years of history behind it and a strategic orientation aligned with society’s expectations, the Group is grounded in sound ethical principles that reflect its commitment to excellence and corporate sustainability. Its companies

are considered benchmarks of management, quality and operational efficiency. Following its Initial Public Offer (IPO) in September 2004, CPFL Energia became the first private sector firm in Brazil to simultaneously trade its shares on Bovespa’s Novo Mercado (New Market) and the New York Stock Exchange (ADR Level III), which requires implementation of the highest standards of corporate governance.


COMERCIALIZAÇÃO

COMMERCIALIZATION COMERCIALIZAÇÃO HPP Serra da Mesa HPP Foz do Chapecó

5S)(SC) e 4 (RS)

e 1 (PR)

HPP Barra Grande Ceran Complex HPP Monte Claro HPP Castro Alves HPP 14 de Julho 99SHPPs PCHs 9 (SP) and 3 MG 22TPPs - Fuel Oil Combustível UTEs - Óleo 1 (SP) and 2 (PB)

35 SHPPs 35 PCHs 17 (SP), 8 (MG), 1 5(MT), 5 (SC) 17 (SP), 8 (MG), 1 (MT), (SC) and 4 (RS)e 4 (RS) 33Wind Parques 33 FarmsEólicos (CE)21e(RN) 21 and (RN) e 4 (RS) 88 (CE), 4 (RS) Biomassas 88 Biomass (SP), 1 (RN), 1 and (MG) e 1 (PR) 55 (SP), 1 (RN), 1 (MG) 1 (PR)

Dividends On April 27, 2012, payment of dividends referring to the second semester of 2011 were paid out, in the amount of R$ 758 million, equivalent to R$ 0.79 per share. This represents 95% of CPFL’s net profits, an amount higher than established by our minimum payment policy of 50% of net profits adjusted each semester.

%JWJEFOETBOE%JWJEFOE:JFME Declared Dividends 1 (R$ million)

3.7%

6.5%

401

9.1%

498

8.7%

612

Dividend Yield 2 (last 12 months) 9.6% 722

10.9%

9.7% 7.6%

842

Average Closing Price CPFE3 (R$/ON)3

719

7.3%

7.6%

602

606

572

1S08

2S08

1S09

7.9% 655

8.6%

6.9% 6.0%

7.1%

748

758

774 486

140

2S04

1S05

2S05

1S06 15.02

8.29

9.43

11.67

2S06 14.13

1S07 15.87

2S07 17.99

18.05

16.69

2S09

15.77 16.51

1S10 18.44

2S10 20.18

1S11 2S11 22.05 21.95

Since the IPO in Sept/04, CPFL has been distributing 95% of net income in dividends, reaching 9.1 billion distributed

2

1) Dividend yield in the past two semester 2) Refers to dividends declared. Payment in the subsequent semester 3) Considers the adjusted price for the reverse split and simultaneous split of stock on 29/Jun/11 (without adjustment for dividends).

DISTRIBUIÇÃO

HPP Campos Novos

DISTRIBUIÇÃO

, 5 (SC) e 4 (RS)

1 (PR)

N

HPP Luis Eduardo Magalhães

DISTRIBUTION DISTRIBUIÇÃO

el

CPFL Total Nect Serviços

CPFL Tota Nect Serviço

Generation

GENERATION GERAÇÃO

vel

Activities Map

COMERCIALIZAÇÃO

Mapa de atuação CPFL Energia de atuação CPFL Energia


Market Total Energy Sales - GWh

Sales by Consumer Class in the Concession Area - 1Q12

5.5%

Commercialization / Generation (Outside the Group) Captive Market (Distribution)

13,101

13,820

9,983

10,220

3,118

3,600

1Q11

1Q12

26% Residential 16% Commercial 27% TUSD 17% Industrial 14% Others

Financial Performance Net Revenue (R$ million)

.

EBITDA (R$ million) 6.3%

13.2%

3,421

3,023

Note: Excludes related party sales and transactions in the Electric Power Commercialization Chamber (CCEE). Furnas (Semesa) and other power generation sales are considered outside the group.

Net Income (R$ million) -9.2%

1,084

466

1Q12

1Q11

1,020

423

Reported

1Q11

1Q12

1Q11

Adjusted Net Debt (R$ billion)1 7.9

6.4

1.95 2009

10.7

2.38

2.84

2010

2011

1Q12

Debt Breakdown 1Q123

10.9 2.53x: Excluding the debt of the projects under construction and taking into account EBITDA (and) LTM for CPFL Renovaveis

2.85

1) Calculation of the net debt in step with the calculation methodology of the financial covenants. Excludes pension plan entity debt and escrow deposits referring to Income Tax of CPFL Paulista. EBITDA does not include regulatory assets and liabilities;

3% IGP

5% Prefixed

2) EBITDA last 12 months.

1T12

Adjusted net debt/EBITDA2

59% CDI

33% TJLP

Share Information1 March 31, 2012 CPFE3 (R$)

CPL (US$)

On 3/31/2012

27.45

Maximum – 52 weeks

29.30 19.43

30.25 32.94 22.15

Minimum - 52 weeks Nº os shares

2

Share price performance – 1Q12 (adjusted per dividends) Bovespa

8.2%

13.7%

5.5%

962,274,260

Mkt Cap – R$ billion

26.4

Mkt Cap – US$$ billion

14.5

Exchange – PTAX Sale

1.8221

CPFE3

IEE

IBOV

12.8%

Nyse

8.1%

7.2%

CPL

1) Not adjusted for dividends 2) As of March 31/2012 3) Dollar Ptax Sale

DJBr20

DJIA

3


(PWFSOBOmB$PSQPSBUJWB Reconhecida como uma das empresas com melhores pråticas de governança corporativa da AmÊrica Latina, a CPFL Energia atua para aprimorar constantemente o seu sistema de governança, fundamentada nos princípios da transparência, equidade, prestação de contas e responsabilidade corporativa. Seus diferenciais são:

CorporateGovernance t Diretrizes de Governança Corporativa aplicåveis à CPFL Energia;

4VTUFOUBCJMJEBEFF 3FTQPOTBCJMJEBEF$PSQPSBUJWB A CPFL Energia busca criar valor de forma equilibrada aos diferentes pĂşblicos com os quais interage, por meio de iniciativas e programas fundamentados em sĂłlidos nos relacionamentos da empresa com todos os seus stakeholders.

tCódigo de Ética e de Conduta Empresarial; t Política de Gestão Corporativa de Riscos e Norma de Avaliação de Controles Internos Para isso, a empresa desenvolveu critÊrios que direcionam seus esforços em quatro aprovadas pelo Administração; Recognized as Conselho one of de the companies with the best Board of Directors principais frentes estratÊgicas: corporate LatinMobiliårios; America, members certified by the tPolíticas degovernance Dividendos e de practices Negociação deinValores CPFL Energia is constantly improving its governance BrazilianInstituteofCorporate t3FMatório Anual em consenso com as diretrizes da Global Reporting Initiative (GRI); systems, based on the principles of transparency, Governance(IBGC); 5SBOTGFSpODJBEFDPOIFDJNFOUPFUFDOPMPHJB tConselho de Administraçãoand composto por sete membros, sendo um conselheiro equity, accountability corporate responsibility. Succession Plan for members of para a Sustentabilidade de Projetos, Instituiçþes e Comunidades. Contribuição independente;features include: Distinguishing the Executive Board and key executives of the Corporate Guidelines applicable to CPFL Group; tConselho FiscalGovernance com atribuiçþes de Comitê de Auditoria em atendimento às regras da SOX; CPFL Energia; management (CEO and t Três Comitês de Assessoramento ao Conselho de Administração (Gestão deInternal Pessoas,controls Partes certified by'PSNBmkPEFSFEFT Code of Ethics and Corporate CFO) and external auditors; Interação com grupos multissetoriais (Governos, Empresas, ONGs, Universidades e Relacionadas e Processos de Gestão);Conduct; de Pesquisas). Policy and Standard e do Conselho Whistle-blowing channel Institutos for receiving complaints tCorporate AutoavaliaçãoRisk anualManagement dos membros do Conselho de Administração Fiscal; INVESTOR RELATIONS Assessment of Internal Controls, approved by the Board and/or allegations concerning financial information CPFL Energia of Directors; and Code of Ethics violations; Rod Mogi Mirim, Km 2.5 | t Plano de Sucessão da DiretoriaTrading Executiva Policies; e dos principais executivos do Grupo CPFL;on markets that require .PCJMJ[BmkPEBTPDJFEBEF Dividends and Securities Listing the highest level of Zip code 13.088-900 | Mercado-BMF&Bovespa do Diålogo e Comunicação para a Sustentabilidade. Annual Report in accordance with the guidelines of corporate governance (NovoPromoção Campinas, São Paulo ; and ADR Level III-NYSE); theindependentes Global Reporting Initiative (GRI); Tel: +55 19 3756-6083 30.7% tCanais parawith recebimento de reclamaçþes e/oubeing denúncias relativas a free float; Board de ofdenúncia Directors seven members, one Fax: +55 19 3756-6089 1BSUJDJQBmkPFNJOJDJBUJWBTEFSFGFSpODJB independent; General Shareholders’ Meetings Participation www.cpfl.com.br/ir Participação ativa em grupos intersetoriais que visam o aprimoramento de políticas Manual; t Fiscal ListagemCouncil nos segmentos mercado que requerem mais avançadas de withderesponsibilities of pråticas an Audit ri@cpfl.com.br públicas e o desenvolvimento de ferramentas para a gestão da sustentabilidade. governançain corporativa (Novo with Mercado e ADRs nível III); Committee, compliance SOX rules; Corporate Governance Portal offering full access of t Three Board de 30,7%;of Directors Advisory Committees information to the members of the Board of Governors (Personnel Related Parties and and Fiscal Council; t Manual para Management, participação em Assembleias; Acesse o portal e conheça com detalhes todos os programas: Management Procedures); Operating rules of the Board of Directors, t Portal de Governança; Annual Self-Evaluation of the members of the Board Committees and Fiscal Council established through Internal Findings. Regras de funcionamento doCouncil; Conselho de Administração, Comitês e Conselho Fiscal oftDirectors and the Fiscal estabelecidas em Regimento Interno.

Rating AA+

*OGPSNBm{FTTPCSFBTBm{FT 31/03/2011

Preço por ação Måxima – 52 semanas Mínima – 52 semanas

Sustainability and Perfomance das açþes - 1T11 (com proventos) Corporate CPFE3 (R$) Responsibility CPL (US$) 46,39

87,41

46,39 87,41in its businesses, operations and The decisions taken by CPFL Energia relationships are34,84 guided by a wide-ranging and systemic point of view that takes 57,31 -1,0% into account economic, social and environmental variables as a whole.

Bovespa

IBOV Valor de mercado - R$ bilhþes It is the Company’s22,3 understanding that in order to be sustainable and to guarantee, simultaneously, the31permanence of its businesses and the generation of value for Valor de mercado - US$ bilhþes ,7

Número de açþes2 Taxa de conversão3

1,6287

Learn more about CPFL Energia’s practices to the following websites: www.cpfl.com.br/sustentabilidade, www.cpflcultura.com.br, www.cpfl.com.br/etica

4

IEE

stakeholders, the balance between these three factors must be pursued and based on ethics and transparency.Towards this end, CPFL Energia believes that its role is 481.137.130 much more than just generating, distributing and selling energy. 6,4%

Its proposal is to share its learned knowledge and participate in the group of 1Sem ajuste por proventos leading organizations in the transition to a New Economy, a scenario whose Nyse DJIA 2Data base: 31/mar/2011 attributes include the fact of being green, inclusive and responsible. 3DĂłlar Ptax Venda

9,7%

12,6%

CPFE3

13,8% 3,1% DJBr20

CPL


Fact Sheet 1Q12