Companhia Energetica De Minas Gerais Sa · BMFBOVESPA:CMIG3
Companhia Energetica De Minas Gerais Sa — Energy Co of Minas Gerais — Q3 2023 Earnings Presentation
28 slides from Companhia Energetica De Minas Gerais Sa's earnings presentation, Dec 1, 2023
Slide 1: Earnings
Earnings OUR ENERGY “00. OBI _— Conference call eee xx: One gig, gee (~~ November 10 (Friday), at 3 pm “XCMIG NiveL a NIVEL RYSE NYSE -_— ° (Brasilia time) IBRX100B3. IEEB3 ISEB3 —ICO2B3 Link > _CEMIG_ WEBCAST
Slide 2: Robust cash generation
Robust cash generation: 3Q23 Ebitda: R$ 2.01 billion Adjusted Ebitda: R$ 1.96 billion — up 11.8% from 3Q22 — up 28.0% from 3Q22 (R$ 1.54 bn) Adjusted net profit: R$ 1.23 billion (up 20,0% YoY) Cemig D (distribution): * Costs, Ebitda and energy losses all within regulatory thresholds + Full effect of
Slide 3: Ebitda and net profit 2021-2022
8,000 6,862 2021 2022 2021 2022 —IFRS— — —Recurring— 4,654 1,969 _ 2021 2022 —IFRS— 41,482 1,658 | 2021 2022 — Recurring— | Ebitda by segment Net profit 49.4 20.6% 42 4,094 Ms 3,753 3232 2021 2022 ©2021 2022 SS mGeragdo Transmissao \Comercializago = Distribuigo mOutras 963 1406 992 1.204 _. _ 2021 2
Slide 4: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 5
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 5
Slide 5: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 8
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 8
Slide 6: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 9
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 9
Slide 7: Combating default
Combating default Cemig has maintained its high level of collection actions, achieving greater efficiency in combating default. A good indication of this is that the Receivables Recovery Index hit a record level of 100.53% in September 2023, reflecting an increase of nearly 20% in the use of collect
Slide 8: Energy losses
Energy losses In the 12-month period energy losses, at 10.57%, were compliant with the regulatory level (11.00%). Highlights of our measures to combat energy losses in 9M23 include: 288,000 inspections (76% of the total planned for 2023), and replacement of 551,000 obsolete meters (600,000 projected
Slide 9: Total and regulatory energy losses
6,613 6,374 Bz 6,549 ial | 6,135 as A72 5,989 12.49 11.22) 41.41 10.57 2019 2020 2021 022 Sep. 2023 mmm Total losses, GWh ‘Actual losses, % Regulatory losses, %
Slide 10: Total, technical and non-technical losses
10.57 8.77 3.72 2018 2019 2020 2021 2022 Sep. 2023 mmm Total losses, % ‘Non-technical losses, % ‘Technical losses, %
Slide 11: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 13
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 13
Slide 12: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 14
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 14
Slide 13: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 15
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 15
Slide 14: Energy sold
Energy sold to final consumers Gross revenue from sales to final consumers in 3Q23 was R$ 6,994.2 million, compared to R$ 6,027.5 million in 3Q22, a reduction of 16.0% YoY, in spite of volume being 0.3% higher. The increase mainly reflects inclusion in the calculation base for ICMS tax of the target
Slide 15: Number of employees – by company
Number of employees – by company
Slide 16: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 21
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 21
Slide 17: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 28
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 28
Slide 18: In 9M23 Cemig amortized debt
In 9M23 Cemig amortized debt of R$ 719.8 million, of which R$ 699.8 million in Cemig D – which in June completed its 9 th debenture issue, for R$ 2 billion. This issue pays the CDI rate +2.05%, with settlement in two installments, 50% in May 2025 and 50% in May 2026. 3Q23 2023 DEBT AMORTIZED – R$ ’0
Slide 19: Covenants – Eurobonds
Covenants – Eurobonds Last 12 months Last 12 months Sep. 2023 2022 R$ mn GT H GT H net income (loss) 1,990 5,287 2,085 4,094 financial results net 1,567 income tax and social contribution 1,148 depreciation and amortization 1,235 1,182 minority interest result -178 -367 -519 -843 provisions for the
Slide 20: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 31
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 31
Slide 21: Cemig has been in the DJSI index for consecutive years
Cemig has been in the DJSI index for 23 consecutive years Sustainability indices > —and is the only power company in the Americas Incotboraton win OAM included in it. ISEB3 > Cemig has been in the ISE index for 18 consecutive years Leader in climate change practices in Latin America Wepp > Climate c
Slide 22: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 33
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 33
Slide 23: Performance of our shares
Performance of our shares Security Sep. 2023 2022 Change, % Our share prices (2) CMIG4 (PN) at the close (R$/share) 12.41 10.52 17.9% CMIG3 (ON) at the close (R$/share) 19.10 15.55 22.8% CIG (ADR for PN shares), at close (US$/share) 2.42 1.9 27.2% CIG.C (ADR for ON shares) at close (US$/share) 3.95
Slide 24: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 35
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 35
Slide 25: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 42
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 42
Slide 26: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 43
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 43
Slide 27: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 46
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 46
Slide 28: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 47
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A. 47
Energy Co of Minas Gerais — Q3 2023 Earnings Presentation on 6ix