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AES Reports Adjusted Earnings Per Share Of $0.39 For Third Quarter 2013 And Reaffirms Full Year 2013 Guidance

In providing its full year 2013 Adjusted EPS guidance, the Company notes that there could be differences between expected reported earnings and estimated operating earnings for matters such as, but not limited to: (a) unrealized gains or losses related to derivative transactions (as of September 30, 2013, $(0.04) per share); (b) unrealized foreign currency gains or losses (as of September 30, 2013, $0.04 per share); (c) gains or losses due to dispositions and acquisitions of business interests; (as of September 30, 2013, $(0.03) per share); (d) losses due to impairments (as of September 30, 2013, $0.29 per share); and (e) costs due to the early retirement of debt (as of September 30, 2013, $0.20 per share). At this time, management is not able to estimate the aggregate impact, if any, of these items on reported earnings for the year. Accordingly, the Company is not able to provide a corresponding GAAP equivalent for its Adjusted EPS guidance.

Attachments

Consolidated Statements of Operations, Consolidated Balance Sheets, Segment Information, Consolidated Statements of Cash Flows, Non-GAAP Financial Measures, Parent Financial Information and 2013 Financial Guidance Elements.

Conference Call Information

AES will host a conference call on Thursday, November 7, 2013 at 9:00 a.m. Eastern Standard Time (EST). Interested parties may listen to the teleconference by dialing 1-888-455-9726 at least ten minutes before the start of the call. International callers should dial +1-517-308-9055. The participant passcode for this call is 11713. Internet access to the presentation materials will be available on the AES website at  www.aes.com by selecting “Investors” and then “Quarterly Financial Results.”

A telephonic replay of the call will be available from approximately 12:00 p.m. EST on Thursday, November 7, 2013 through Wednesday, November 27, 2013. Callers in the U.S. please dial 1-866-514-3172. International callers should dial +1-203-369-2005. The system will ask for a passcode; please enter 11713. A webcast replay, as well as a replay in downloadable MP3 format, will be accessible at  www.aes.com beginning shortly after the completion of the call.

About AES

The AES Corporation (NYSE:AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 21 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce of 25,000 people is committed to operational excellence and meeting the world’s changing power needs. Our 2012 revenues were $18 billion and we own and manage $42 billion in total assets. To learn more, please visit  www.aes.com.

Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES’ current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, our accurate projections of future interest rates, commodity price and foreign currency pricing, continued normal levels of operating performance and electricity volume at our distribution companies and operational performance at our generation businesses consistent with historical levels, as well as achievements of planned productivity improvements and incremental growth investments at normalized investment levels and rates of return consistent with prior experience.

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