Companhia Energetica De Minas Gerais Sa · BMFBOVESPA:CMIG3
Companhia Energetica De Minas Gerais Sa — Q4 2022 Earnings Presentation
18 slides from Companhia Energetica De Minas Gerais Sa's earnings presentation, Mar 27, 2023
Slide 1: 2023 – 28th Cemig Investor's Meeting
2023 – 28th Cemig Investor’s Meeting Classificação: Público
Slide 2: Disclaimer
DISCLAIMER 2 Certain statements and estimates in this material may represent expectations about future events or results which are subject to risks and uncertainties that may be known or unknown. There is no guarantee that events or results will occur as referred to in these expectations. These expe
Slide 3: Main Factors in Results: Cemig H
MAIN FACTORS IN RESULTS 3 ~30% of Trading contracts Outsourced-supplier transferred from energy contracts transferred in 2022 CEMIG H Cemig GT to Ebitda in 4Q22: R$269 mn Cemig H. Ebitda in 2022: R$721 mn 2023 – 28th Cemig Investor’s Meeting Classificação: Público
Slide 4: Main Factors in Results: Cemig D
MAIN FACTORS IN RESULTS 4 FACTORS IN RESULTS Operational efficiency Ebitda: R$2.6 bn (down 0.5% and investments YoY) Net Profit: R$1.5 bn (up 3.9% translate into robust YoY – adjusted basis) results in 2022 CEMIG D We reached an Cemig's quality indicators important milestone – demonstrate our commit
Slide 5: Main Factors in Results: Cemig GT
MAIN FACTORS IN RESULTS 5 Strong results Ebitda: R$2.7 bn (up 36.6% indicate YoY) assertiveness in Net Profit: R$2.0 bn (up 160.6% – adjusted basis) decision-making CEMIG GT U$ FX exposure reduced by Our FX exposure is now U$244 mn U$756mn, close to half the Rating agencies recognize U$1.5bn contrac
Slide 6: Cemig's Consolidated 2022 Results
CEMIG´S CONSOLIDATED 2022 RESULTS 6 Ebitda Net Profit -14.1% +16.8% 8,000 +9.1% +30.6% 6,869 6,928 5,933 4,221 3,753 4,094 3,232 2021 IFRS 2022 IFRS 2021 2022 2021 2022 Recurring Recurring 2021 IFRS 2022 IFRS Recurring Recurring EBITDA PROFIT CEMIG H R$ mn 2021 2022 2021 2022 Transfer of third-party
Slide 7: Cemig's Consolidated Results for 4Q22
CEMIG´S CONSOLIDATED RESULTS FOR 4Q22 7 Ebitda Net Profit +19.0% +11.1% +46.0% +21.4% 1,969 1,654 1,406 1,658 1,204 1,492 992 963 4T21 IFRS 4T22 IFRS 4T21 4T22 4T21 4T22 4T21 IFRS 4T22 IFRS Recurring Recurring Recurring Recurring EBITDA PROFIT CEMIG H R$ mn 4Q21 4Q22 4Q21 4Q22 Transfer of third-part
Slide 8: Consolidated 2022 Operational Cost and Expenses
CONSOLIDATED 2022 OPERATIONAL COST AND EXPENSES 8 +5.1% PMSO costs – 2021 and 2022 +17.2% 28,236 29,675 196 112 52 255 1 PMSO 4,308 54 3,327 415 Energy purchases, provisions and 3,742 4,308 24,909 25,367 3,327 other costs 2021 Life 2021 Post Personnel Profit sharing Materials Outsourced Other 2022 2
Slide 9: Consolidated Cash Flow
CONSOLIDATED CASH FLOW 9 1,146 1,571 7,038 2,613 2,094 1,981 66 3,405 ROBUST CASH GENERATION – SUSTAINS EXECUTION OF INVESTMENT PLAN 2,903 3,319 – ENSURES FUTURE LIQUIDITY Cash + Cash CVA Tax credits Payments of Dividends & Loans Other Investment Cash + securities generated reimbursed to loans, Inte
Slide 10: Consolidated Debt Profile
CONSOLIDATED DEBT PROFILE 10 Maturities timetable MAIN INDEX Average Term 3.2 years Net debt (Debt – Cash and Securities): R$7.3 Bn Total net debt (Net debt – Hedge): R$6.6 Bn 44% Dollar 19% 4,597 IPCA 3,319 37% CDI 1,558 1,273 1,340 855 955 Cash 2023 2024 2025 2026 2027 After 2028 RATINGS +Securiti
Slide 11: Consolidated Debt Profile: Debt Cost and Leverage
CONSOLIDATED DEBT PROFILE 11 DEBT COST ( % ) LEVERAGE ( % ) 3.24 2.70 14.13 15.27 Total net debt 1.28 1.22 0.96 Ebitda adj 9.67 7.33 43.9 5.30 42.8 3.72 8.96 26.3 27.1 6.13 3.18 Total net debt 24.0 1.79 Equity + total net debt 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Real Nominal Lower FX e
Slide 12: Cemig D 4Q22 Results
CEMIG D 4T22 RESULTS 12 EBITDA NET PROFIT -19.2% -12.2% -18.0% -11.2% 988 561 798 460 680 358 597 318 4Q21 IFRS 4Q22 IFRS 4Q21 4Q22 4Q21 IFRS 4Q22 IFRS 4Q21 4Q22 Recurring Recurring Recurring Recurring “ EBITDA Net Profit R$ mn 4Q21 4Q22 4Q21 4Q22 Excess Supply Sale IFRS 988 798 561 460 Mechanism(MV
Slide 13: Cemig D – Power Market
CEMIG D – POWER MARKET 13 CEMIG D: BILLED MARKET + TRANSMISSION (GWh) Distributed Generation Energy injected +1.4% 67 74 Disco +10.4% 11.850 867 877 +59.6% 11.690 894 765 Other +1.2% 1,496 1,640 Rural -14.4% 894 5,677 +2.2% 5,804 5,579 5,593 560 Commercial +9.6% GWh Industrial +0.3% 4Q21 4Q22 2,787
Slide 14: Cemig D – Operational Efficiency
CEMIG D – OPERATIONAL EFFICIENCY 14 OPEX R$mn EBITDA R$mn 199 139 830 1,073 268 16 54 424 115 421 2,575 2,635 3,850 5.2% 3,651 2.3% 2,229 Regulatory OPEX Adjustments Ebitda PIS/COFINS Other Ebitda Ebitda Gerencial adjustments adjustment Realized Regulatory PMSO Post-retirement Fines/ offsets Provisi
Slide 15: Cemig GT 4Q22 Results
CEMIG GT 4T22 RESULTS 15 Ebitda Net Profit +135.0% +38.2% +107,2% 700 642 430 404 464 298 195 -51 4Q21 IFRS 4Q22 IFRS 4Q21 IFRS 4Q22 IFRS 4Q21 4Q22 4Q21 4Q22 Recurring Recurring Recurring Recurring EBITDA PROFIT CEMIG GT R$ mn 4Q21 4Q22 4Q21 4Q22 Transfer of third-party contracts to Cemig H. IFRS 29
Slide 16: Gasmig - Solid and Consistent Results
GASMIG - SOLID AND CONSISTENT RESULTS 16 SEGMENTS SERVED| % VOLUME M3 Ebitda up 14.1% in 2022, in spite of volume sold to final consumers 27.1% lower 87.4% 3.8% Industrial Thermal plants EBITDA NET PROFIT 2.3% 4.1% Commercial Vehicle natural gas +14.1% +32,2% 681 777 360 476 1.1% 1.3% Residential Ot
Slide 17: Shareholder Remuneration
SHAREHOLDER REMUNERATION 17 Shareholder compensation among the highest in the sector Our dividend policy, payout de 50%, provides adequate remuneration to our shareholders and allows us to execute our Investment Plan Dividends Interest on Capital Yield R$249 mn R$1,984 mn 12.2% Total de Proventos Di
Slide 18: Investors Relations
Investors Relations Tel +55 31 3506-5024 ri@cemig.com.br http:/ri.cemig.com.br 2023 – 28th Cemig Investor’s Meeting Classificação: Público
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