Companhia Energetica De Minas Gerais Sa · BMFBOVESPA:CMIG3
Companhia Energetica De Minas Gerais Sa — Q2 2024 Earnings Presentation
16 slides from Companhia Energetica De Minas Gerais Sa's earnings presentation, Aug 20, 2024
Slide 1: Results 2Q24
RESULTS 2Q 01 Leonardo George de Magalhães CFO 1
Slide 2: Disclaimer
2 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 decision risks and uncertainties th
Slide 3: Highlights 2Q24
3 Highlights 2Q24 Consistent results offer attractive shareholder returns o IoC declared in the amount of R$430 million in June 2024 R$1.9 billion in Operational cash generation of in 2Q24 o Recourring Ebitda increases 2.0% (2Q24/2Q23) Tax provisions reversal amounted to R$584 million o Favorable co
Slide 4: Investment program – execution
4 Investment program –execution Realized investments in 1H24 totaled R$2,446 million Planned, 2024 Investment of R$6,216 million Distribution Investment in modernization and R$1,961million maintenance of the electricity system 506 Distribution 372 Generation 2024 Target – to invest 4X to QRR Transmi
Slide 5: Consolidated 2Q24 results
5 Consolidated 2Q24 results EBITDA NET PROFIT +26.2% +2.0% +35.7% -6.6% 2.370 1.878 1.878 1.916 1.689 1.245 1.214 1.134 2Q23 2Q24 2Q23 2Q24 2Q23 2Q24 2Q23 2Q24 IFRS IFRS Recurring Recurring IFRS IFRS Recurring Recurring EBITDA NET PROFIT R$ million 2Q23 2Q24 2Q23 2Q24 IFRS 1,878 2,370 1,245 1,689 Ta
Slide 6: 2Q24: Consolidated operational costs and expenses
6 2Q24: Consolidated operational costs and expenses 51 28 1.206 78 PMSO costs evolution, excluding the 1.7% 1.146 59 18 effects of Voluntary Dismissal Program- PDV (5.6% without PDV exclusion) 2Q23 Post-emplyment Personnel Voluntary Dismissal Outsourced Other 2Q24 Program services ▪ The Voluntary Di
Slide 7: Consolidated Cash Flow – 1H24
7 Consolidated Cash Flow – 1H24 R$ million Cash generation allows execution of the investment plan and debt management 1.990 540 1.438 3.453 19 513 2.790 2.995 2.311 Cash + Securities Cash from CVA PIS/PASEP/Cofins Loans obtained Loans paid Dividends Investment activity Cash + securities 2023 operat
Slide 8: Consolidated Debt profile
8 Consolidated Debt profile Current leverage level enables the execution of the investment program and attractive investment policy Maturities timetable Average tenure 3.4 years Main Indexers Ratings Net debt (Debt – Cash and securities): R$8.6 billion Total Net debt (Net debt – Hedge): R$8.0 billio
Slide 9: Cemig D – 2Q24 results
9 Cemig D – 2Q24 RESULTS Ebitda NET PROFIT +93.2% +190.4% +26.7% 1.329 +18.9% 1.060 872 688 688 365 365 434 2Q23 2Q24 2Q23 2Q24 2Q23 2Q24 2Q23 2Q24 IFRS IFRS Recurring Recurring IFRS IFRS Recurring Recurring EBITDA NET PROFIT R$ million 2Q23 2Q24 2Q23 2Q24 Tariff adjustment IFRS 688 1.329 365 1.060
Slide 10: Energy market – Cemig D
Energy market – Cemig D 10 Strong market growth in 2Q24 Cemig D: Billed market + transmission for clients (GWh) Distributed Generation -GWh injected +2.9% +32.9 % 12.225 11.880 +6.2% 767 705 Other -8.2% 1.487 5.931 6.301 796 753 1.119 Rural -5.4% 1.101 1.037 341 278 Commercial -5.8% -0.4% 2Q23 2Q24
Slide 11: Operational efficiency – Cemig D
11 Operational efficiency – Cemig D We remain within the regulatory Opex after excluding non-recurring effects OPEX (R$ million) EBITDA (R$ million) 2.5% 23.4% 2.4% 22.4% 2.186 2.132 575 435 489 95 116 398 1.697 2.076 432 160 58 150 1.682 1.644 Regulatory PMSO Post - PDV - Fines Provisions Defualt O
Slide 12: Cemig GT – 2Q24 results
12 Cemig GT –2Q24 results EBITDA NET PROFIT +1.9% +1.4% -28.5% -4.4% 629 641 629 638 459 428 409 328 2Q23 2Q24 2Q23 2Q24 2Q23 2Q24 2Q23 2Q24 IFRS IFRS Recurring Recurring IFRS IFRS Recurring Recurring EBITDA NET PROFIT R$ million 2Q23 2Q24 2Q23 2Q24 IFRS 629 641 459 328 Tax provisions reversal - INS
Slide 13: Recurring Ebitda per segment
13 Recurring Ebitda per segment Financial data related to the company's main activities Quarterly comparison % Ebitda +26.7% -0.2% 8% 12% 872 -53.4% -7.0% +14.1% 7% 688 46% 513 512 27% 306 254 236 143 136 155 Distribution Generation Trading Gas Transmission Distribution Generation Trading Gas 2Q23 2
Slide 14: Gas results – 2Q24
14 2Q24 RESULTS Consumption by category Ebitda NET PROFIT R$ million R$ milllion -7.1% 91.7% 1.3% 2.6% -15.3% INDUSTRIAL RESIDENTIAL COMMERCIAL 255 237 163 2.7% 1.6% 138 VNG Co- natural gas generation vehicle 2Q23 2Q24 2Q23 2Q24 Natural gas volume - sold million m3 1.387 Results were affected by 1.1
Slide 15: Delivering on assumed commitments
15 Delivering on assumed commitments Achieved In progress Future challenges and Strengthening Cemig D’s Implementing initiatives to comply opportunities investment program with non-technical losses within Renewals of regulatory level generation concessions Divestment of holdings with complexities Di
Slide 16: Investor Relations
16 Investor Relations +55 (31) 3506-5024 ri@cemig.com.br www.ri.cemig.com.br 2Q24 RESULTS
Companhia Energética de Minas Gerais — Q2 2024 Earnings Presentation on 6ix