Companhia Energetica De Minas Gerais Sa · BMFBOVESPA:CMIG3
Companhia Energetica De Minas Gerais Sa — Q1 2025 Earnings Presentation
20 slides from Companhia Energetica De Minas Gerais Sa's earnings presentation, May 12, 2025
Slide 1: 1Q25 Results
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Slide 2: Disclaimer
Disclaimer Certain statements and estimates in this material may represent The information and opinions herein should not be understood as a expectations about future events or results which are subject to recommendation to potential investors, and no investment risks and uncertainties that may be k
Slide 3: Strategic Drivers
Strategic Drivers Pleasing our Creating value Innovation customers To be a reference in Discipline in capital Reinforce a culture of customer satisfaction, allocation. Capture innovation to transform transforming their efficiency in processes existing businesses and experience with Cemig through mod
Slide 4: Highlights
Highlights Cemig demonstrates resilience by delivering solid results, even after impacts on its trading arm EBITDA A balanced business portfolio minimized the impact of price differences between sub-markets R$1.83 billion in 1Q25 Net Profit Impacted by the effects on trading EBITDA, higher financial
Slide 5: Investment program - execution
Investment program - execution Investments increased by 18.6% in 1Q25 compared to the same period in 2024, reaching a total of R$1.2 billion +18.6% Cemig D invested R$979 million 1.209 5.714 1.019 4.829 ▪ 3 substations energized – 131 substations delivered 3.568 since 2022, the start of the Mais Ene
Slide 6: Distribution Regionalization
Distribution Regionalization Being close to our customers, sharing the same environment, maintaining a daily presence, and ensuring excellent service • 6 regional superintendencies • 6 regional high voltage management units Staff reinforcement across 76 municipalities, • 17 regional medium and low v
Slide 7: Successful debenture issuance
Successful debenture issuance The issuance of R$5.0 billion in debentures secures the successful implementation of the company's robust investment program Debentures categorized R$ 2.5 billion Coupon|Tenor as ‘ESG use-of- Cemig D 1st Series - R$ 1.64 billion CDI + 0.86% p.a. | 7 years proceeds bonds
Slide 8: Analysis of Results
Analysis of Results OUR ENERGY TRANSF RMS R RE E SSUU L TL ST S 1 Q 2 52 5 1 Q 08
Slide 9: Cemig H 1Q25
Cemig H 1Q25 EBITDA NET PROFIT -9.1% -9.9% 2.011 1,032 employees joined 1.827 the NEW HEALTH PLAN*, 1.153 resulting in a reversal of 1.039 provisions in the amount of R$28 million * No post-employment obligations 1Q24 1Q25 1Q24 1Q25 Exposure to price differences between sub- EBITDA NET PROFIT market
Slide 10: Effects of exposure between sub-markets
Effects of exposure between sub-markets R$ 272.80 R$ 35.23 R$ 0.03 566 584 588 Jan/25 jan/25 Feb/25 fev/25 Mar/25 mar/25 ≠ R$/MWh* Exposição SE+S - NE (MWm) Exposure Jan/25 Feb/25 Mar/25 Total SE+S - NE -0.01 -13.81 -119.28 -133.11 (R$ million) *Differences across sub-markets R E S UL TS 1Q25 10
Slide 11: Consolidated Operational Cost and Expenses
Consolidated Operational Cost and Expenses Lower manageable expenses in 1Q25 -1.56% 26 40 1.156 10 4 10 1.138 1Q24 Personnel Post- employment Materials Outsourced Other 1Q25 services Highlights of variation in manageable expenses: ✓ Reversal of R$ 28 million in provisions related to the remeasuremen
Slide 12: Consolidated Debt profile
Consolidated Debt profile A balanced capital structure, combined with efficient financial management, ensures debt extension under attractive financing rates. Maturities timetable Leverage Average tenure: 5.5 years 90 4 2,70 Net debt (Debt– Cash and securities): R$ 10.5 billion Net debt 70 1,28 1,22
Slide 13: Consolidated Cash Flow
Consolidated Cash Flow Strong cash generation and the issuance of debentures strengthen the Company’s cash position and support the execution of its investment program 320 1.212 3.076 551 4.755 126 2.390 1.498 Cash + Securities Cash from CVA Loans and Payments on loans Investment Restricted cash Cas
Slide 14: Cemig D 1Q25
Cemig D 1Q25 EBITDA NET PROFIT +9.8% -3.4% Losses, OPEX, and SAIDI 746 819 Within the limits defined by the regulator 322 311 SAIDI – 9.42 hours (limit of 9.48 hours) Perceived SAIDI- Reduction of 3.13 hours (12- month rolling 1Q24 1Q25 1Q24 1Q25 window) EBITDA NET PROFIT R$ million 1Q24 1Q25 1Q24 1
Slide 15: Energy market – Cemig D
Energy market – Cemig D Cemig D – Billed market + Transported energy for customers (GWh) Distributed Generation market -0.3% (GWh) 76 72 +21.3 % 12.027 11.995 Distributors -5.7% 854 807 615 555 1.507 +5.8% 1.657 1.604 Other -5.3% 1.242 6.097 6.448 Rural -9.7% 5.575 5.634 Commercial -3.2% -6.5% 5.930
Slide 16: Regulatory losses - Cemig D
Regulatory losses - Cemig D 7.000 6.613 6.549 6.415 15 6.371 6.239 6.305 6.500 6.135 6.172 14 12,71 “ 6.000 12,49 12,57 13 5.500 11,28 11,23 12 Continuous 10,84 10,51 10,50 efforts to 5.000 11,51 11,43 11 4.500 11,22 11,23 4.000 11,11 10,71 10,36 10,49 10 maintain 3.500 9 losses within 8 the regulat
Slide 17: Cemig GT 1Q25
Cemig GT 1Q25 EBITDA NET PROFIT -6.5% +9.5% 801 Bond 749 End of currency exposure 541 494 Equity Method Accounting 1Q24 1Q25 1Q24 1Q25 Lower result from equity method accounting in 2005 EBITDA NET PROFIT R$ million 1Q24 1Q25 1Q24 1Q25 IFRS 801 749 494 541 UHE Nova Ponte R E S UL TS 1Q25 17
Slide 18: Gasmig 1Q25
Gasmig 1Q25 EBITDA NET PROFIT -2.3% -2.6% 218 213 117 114 Centro-Oeste Project Capex - R$ 800 million 1Q24 1Q25 1Q24 1Q25 ▪ R$571 million executed as of March 2025 (71.4%) EBITDA NET PROFIT R$ million 1Q24 1Q25 1Q24 1Q25 IFRS 218 213 117 114 R E S UL TS 1Q25 18
Slide 19: EBITDA by segment
EBITDA by segment Financial data from the Company's main businesses Quarterly comparisn (1Q25/1Q24) +9.8% +0.7% 819 -86.8% 746 +13.0% -2.3% 556 560 280 218 184 208 213 37 27 -11 Distribution Generation Trading Transmission Gas Investee/ Other 1Q24 1Q25 (R$ million) Diversified portfolio maintains co
Slide 20: ri@cemig.com.br www.ri.cemig.com.br
+55 31 3506 5024 ri@cemig.com.br www.ri.cemig.com.br ISE B3 ISE B3 ICO2 B3 IBRX100 B3
Companhia Energética de Minas Gerais — Q1 2025 Earnings Presentation on 6ix