Companhia Energetica De Minas Gerais Sa · BMFBOVESPA:CMIG3
Companhia Energetica De Minas Gerais Sa — Q4 2024 Earnings Presentation
26 slides from Companhia Energetica De Minas Gerais Sa's earnings presentation, Mar 21, 2025
Slide 1: 2024 Results
2024 RESULTS
Slide 2: Disclaimer
2 Disclaimer Certain statements and estimates in this material may The information and opinions herein should not be understood represent expectations about future events or results which as a recommendation to potential investors, and no are subject to risks and uncertainties that may be known or i
Slide 3: Strategic Drivers
3 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 m
Slide 4: Highlights 2024: CEMIG records best EBITDA in history
4 Highlights 2024 CEMIG records best EBITDA in history EBITDA of R$11.3 billion, a record in cash generation In 2024, EBITDA grew by 32.3% Investment of R$5.7 billion with CUSTOMER FOCUS Ensuring the quality and excellence of Cemig' s service AAA -Best rating in history (Fitch Ratings) Acknowledgmen
Slide 5: Investment program - execution
5 Investment program - execution Investments of R$5,714 million Execution of 91.8% of plan Distribution: R$4,400 million +18.3% Investments focused on modernization and maintenance of the electricity system 5,714 4,829 31 new >190 thousand >4,000 km (medium voltage network) 3,568 Substations New con
Slide 6: Shareholder remuneration in 2024
6 Shareholder remuneration in 2024 Yield 15.1% Highest yield in the electric sector CMIG41 43.5% share appreciation Dividend Yield* 15.1% Higher valuation within the 13.5% 9.4% 10.7% 11.6% electricity sector in 2024 5.2% 2.4% Market value Dividends (R$ million) 5,154 Cemig ended the year with a R$35
Slide 7: Commitment to Sustainability
7 Commitment to Sustainability Recognition by sustainability of our operations Included in DJSI for 25th consecutive time The only electric sector company in the Americas to have been on the list since its creation in 1999, up 6 points on the previous year. Included in S&P Global´s “The Sustainabili
Slide 8: Analysis of Results
8 Analysis of Results OUR ENERGY TRANSF RMS Results 2024
Slide 9: Cemig 2024
9 Cemig 2024 EBITDA NET PROFIT +32.3% +23.4% 11,254 7,119 8,504 5,767 2023 2024 2023 2024 EBITDA NET PROFIT R$ million 2023 2024 2023 2024 IFRS 8,504 11,254 5,767 7,119 Results 2024
Slide 10: 4Q24 highlights
4Q24 highlights Transf rming lives with our energy CEMIG Excellent consolidated results ➢ EBITDA: R$1.9 billion in 4Q24 CEMIG D Operational efficiency ➢ Compliance with the regulatory limits for Losses and the DEC and FEC outage indicators, with a reduction of around 2.5 hours in the perceived DEC o
Slide 11: Cemig 4Q24
11 Cemig 4Q24 EBITDA NET PROFIT -21.9% -47.1% 2,452 1,914 1,886 998 4Q23 4Q24 4Q23 4Q24 EBITDA NET PROFIT R$ million 4Q23 4Q24 4Q23 4Q24 IFRS 2,452 1,914 1,886 998 Results 2024
Slide 12: Consolidated Operational Cost and Expenses in 4Q24
12 Consolidated Operational Cost and Expenses in 4Q24 Operational Costs and Expenses Manageable expenses rose below inflation (R$ million) +16.2% +3.2% 1,338 9,635 4 8,292 1,296 1,338 16 105 PMSO 1,296 39 10 14 OTHER COSTS 8,297 Energy purchases, 6,996 provisions and other costs 4Q23 4Q24 4Q23 Perso
Slide 13: Consolidated Debt profile
13 Consolidated Debt profile Efficient financial management and balanced capital structure Maturities timetable Average tenure 4.8 years Leverage 90 4 2.70 Net debt (Debt – Cash and securities): R$9.9 billion Net debt 70 1.28 1.22 1,30 4,393 0.96 0,89 2 Recurring EBITDA 50 43.90 2,390 2,877 2,382 27
Slide 14: Consolidated Cash Flow
14 Consolidated Cash Flow Cemig maintains its liquidity with strong cash generation 4,582 4,294 423 3,048 5,919 2,311 2,390 5,394 2,737 Cash + Cash from CVA Loans and Dividends Payments on Investment Aliança Cash + Securities operations debentures paid loans and activity divestment securities 2023 d
Slide 15: Cemig D
15 Cemig D EBITDA NET PROFIT +19.2% +13.0% 804 958 400 452 4Q23 4Q24 4Q23 4Q24 EBITDA NET PROFIT R$ million 4Q23 4Q24 4Q23 4Q24 IFRS 804 958 400 452 Commitment to operational efficiency, keeping within the regulatory parameters for OPEX and Energy Losses Results 2024
Slide 16: Energy market – Cemig D
16 Energy market – Cemig D Cemig D – Billed market + transmission for customers (GWh) Distributed Generation -1.0% market – GWh 12,444 87 88 +19.2 % 12,317 924 843 Distributors +1.1% 837 705 1,467 1,737 1,634 Other -8.8% 1,231 +7.2% 6,068 6,505 Rural -15.8% 5,571 5,777 Commercial -5.9% -8.8% 6,376 I
Slide 17: Regulatory losses - Cemig D
17 Regulatory losses - Cemig D Target achieved, keeping Cemig D within regulatory parameters 6,613 6,549 15 6,371 6,135 6,72 6,239 6,305 14 12.49 12.71 12.57 13 11.28 11.23 12 10.84 10.51 11 11.22 11.51 11.43 11.23 11.11 10.71 10 10.36 9 8 2018 2019 2020 2021 2022 2023 2024 Total losses (GWh) % Actu
Slide 18: Combat of default in Cemig D
18 Combat of default in Cemig D Collection – digital channels (%) PIX, credit card, apps, automatic debit, terminals, other media 67.02 61.35 50.28 56.50 In 2024, Digital Channels accounted for 67.02% 34.96 especially PIX 15% reduction in tariff costs 2020 2021 2022 2023 2024 compared to 2023. Recei
Slide 19: Cemig D – OPEX and EBITDA x Regulatory
19 Cemig D – OPEX and EBITDA x Regulatory OPEX and EBITDA X Regulatory parameters FOCUS on efficiency OPEX OPEX 4,468 4,154 -3.5% R$156 3,850 R$ 156 4,468 1,082 -3.5%* 457 4,312 3,100 3,163 4,312 220 267 144 3,855 R$ 318 2,810 2,927 3,651 323 49 2,696 113.4% 2,941 2,829 2,624 2,715 2,378 2017 2018 2
Slide 20: Cemig GT 4Q24 results
20 Cemig GT 4Q24 results EBITDA NET PROFIT -55.1% -71.4% 1,173 844 527 241 4Q23 4Q24 4Q23 4Q24 EBITDA NET PROFIT R$ million 4Q23 4Q24 4Q23 4Q24 IFRS 1,173 527 844 241 >60% of third-party energy purchases and sale contracts already transferred to Holding Results 2024
Slide 21: Recurrent EBITDA by Segment
21 Recurrent EBITDA by Segment Financial data from the Company's main businesses Quarterly comparison (4Q24/4Q23) Share in EBITDA 8.8% +19.2% 9.7% +11.9% -63.9% 7.7% 958 47.3% 804 +22.5% -12.3% 479 536 26.5% 429 155 160 196 204 179 Distribution Generation Trading Transmission Gas Distribution Genera
Slide 22: Gasmig
22 Gasmig 4Q24 Data Gasmig in numbers R$ million EBITDA NET PROFIT ➢ 1.033 million m³ Volume of natural gas distributed -12.3% -19.4% daily volume 2.8 million m3 204 179 139 112 ➢ >103 thousand Consumers ➢ 46 Municipalities served 4Q23 4Q24 4Q23 4Q24 Consumption by category 91.9% 1.4% 2.7% 2.6% 1.4%
Slide 23: Strategic planning results
23 Strategic planning results ➢ Pleasing the customer ✓ Closer proximity to customers through regionalization of Distribution ✓ Launch of Cemig Agro, expanding the supply of quality energy and reducing outages and service time -2.57h DEC Percebido (Hour) 18,77 16,20 Jan/24 Dec/24 ✓ Significant reduc
Slide 24: Strategic planning results
24 Strategic planning results ➢ Commitment to Sustainability ✓ One million trees planted ✓ Launch of “Ecociente” program : Cemig's Corporate Environmental Education Program ➢ Creating value ✓ Inauguration of the Logistics Operation Monitoring and Materials Planning Center ✓ Implementation of the New
Slide 25: Delivering on assumed commitments
25 Delivering on assumed commitments Achieved In progress Future challenges and opportunities Strengthening Cemig D’s Divestment of minority holdings investment program Renewals of generation Digital transformation and investment concessions Divestment of holdings with in technology complexities Abs
Slide 26: Investor Relations
26 Investor Relations +55 31 3506 5024 ri@cemig.com.br www.ri.cemig.com.br ISE B3 ISE B3 ICO2 B3 IBRX100 B3 Results 2024
Companhia Energética de Minas Gerais — Q4 2024 Earnings Presentation on 6ix