Companhia Energetica De Minas Gerais Sa · BMFBOVESPA:CMIG3
Companhia Energetica De Minas Gerais Sa — Energy Co of Minas Gerais — Q4 2023 Earnings Presentation
27 slides from Companhia Energetica De Minas Gerais Sa's earnings presentation, Apr 16, 2024
Slide 1: Cemig 4Q23 Earnings Release
tops Transiee eaves with our erreasy j g >> CEMIG >>> 4Q23 EARNINGS RELEA > >> aS Conference call Guampex Ou Ons: 2s, sg “XCMIG NIVEL. + NYSE NSE > March 22 (Friday), at 3 p.m. (Brasilia ° time) IBRX100 B3 IEE B3 ISE B3 1co2 B3 Link to CEMIG WEBCAST
Slide 2: Solid and consistent results
=e newman iy i) Solid and consistent results Consolidated Ebitda Consolidated net profit 424.5% 430.5% ft 434.0% 439.8% 2,452 1,969 aces 2S a 1,886 A07 1,205 aq22 4023 aq22 4028 aq22 | 4023 4022 TFRS Recurring IFRS Recurring Ebitda by segment 377 ieneraton 204, 478 ‘lSTransmission mrradng 160 ‘Distr
Slide 3: Highlights 4Q23
HIGHLIGHTS Robust cash generation: Adjusted Ebitda: R$ 2.16 billion Ebitda: R$ 2.45 billion — up 24.5% YoY (vs. R$ 1.66 bn in 4Q22 (up 30.5%) Adjusted net profit: R$ 1.68 billion (up 39.8%) Cemig D (distribution): Outperformed regulatory thresholds in costs, Ebitda and energy losses Adjusted Ebitda
Slide 4: Highlights 2023
HIGHLIGHTS Robust cash generation: Adjusted Ebitda: R$ 8.08 billion . RS 6.93 bn in 2022 (up 16.6%| Ebitda: R$ 8.50 billion — up 23.8% YoY (ve ideals (ap ) Adjusted net profit: R$ 5.36 billion (+15.0%) + Highest Ebitda and Net profit in Cemig's history Cemig D (distribution): Outperformed regulatory
Slide 5: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 6: Energy sales by segment, %
| Energy sales by segment, % 4Q23 Oo 4Q22 25% 41% Residential @ Industrial = Commerce & Services Rural = Other
Slide 7: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 8: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 9: 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 was very close to 100% in December 2023, supported by an increase of nearly 30% in use of collection tools
Slide 10: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 11: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 12: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 13: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 14: Energy sold to final consumers
Energy sold to final consumers Gross revenue from sales to final consumers in 4Q23 was R$ 7,682.50 million , compared to R$ 5,787.70 million in 4Q22, an increase of 32.7% YoY, in spite of volume being only 3.9% higher. The increase mainly reflects the re-inclusion, in the basis for calculation of IC
Slide 15: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 16: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 17: In 2023, Cemig amortized debt
In 2023, Cemig amortized debt of R$ 2,678.5 million . In June Cemig D completed its ninth debenture issue , for R$ 2 billion , paying the CDI rate plus 2.05%, with amortization in two equal tranches in May 2025 and 2026. In December 2023 Cemig GT completed a partial early redemption of US$375 millio
Slide 18: Debt in US$ protected by hedge instrument
* Debt in US$ is protected by a hedge instrument, within an FX variation band – with payment of interest converted to % of the Brazilian CDI rate. COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 19: Credit ratings
FitchRatings |= I "2023, Bi i i Investment grade Speculative grade S&P Global Pr = “= 7 Ratings 2016 i = T 2028 Tt Jon: i = = aS gcse: poe ers ern Moony’ E® f 72023 it
Slide 20: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 21: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 22: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 23: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 24: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 25: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 26: Index
Index 5. Declaration of Interest on Equity, dated March 21, 2024 Index
Slide 27: Index
Index 9. Material Fact dated March 27, 2024 – Disposal of the equity interest held in Aliança Energia Index
Energy Co of Minas Gerais — Q4 2023 Earnings Presentation on 6ix