Companhia Energetica De Minas Gerais Sa · BMFBOVESPA:CMIG3
Companhia Energetica De Minas Gerais Sa — Energy Co of Minas Gerais — Corporate Update (April 2013)
14 slides from Companhia Energetica De Minas Gerais Sa's corporate update, Apr 25, 2013
Slide 1: Results of the Third Cycle Tariff Review for Cemig Distribuição S.A.
Results of the Third Cycle Tariff Review for Cemig Distribuição S.A. April 18, 2013
Slide 2: Disclaimer
Disclaimer Some statements and estimates in this material may represent expectations about future events or results that involve risks and uncertainties known and unknown. There is no guarantee that the events or results referred to in these expectations will occur. These expectations are based on p
Slide 3: Cemig D: 3rd Tariff Review
Cemig D: 3rd Tariff Review 2.99% TARIFF REPOSITIONING New Structure TARIFF STRUCTURE 1.83% X FACTOR (Pd + T) 3
Slide 4: Regulatory Remuneration Base (BRR)
Accumulated Depreciation Assets Depreciated (R$ 9.8 bn) “Special obligations” (R$ 6.3 bn) + Depreciated assets (R$ 3.1 bn) Net Regulatory Remuneration Base (BRR) (R$ 5.5 bn) Gross BRR R$ 15.3 bn Base of total assets R$ 24.7 bn R$ 9.4 bn Reference company R$ 1.714 bn Operational costs R$ 1.9 bn Defau
Slide 5: The Luz para Todos Program
The Luz para Todos Program Cemig D Amounts in R$ Tranche Historic unit vale Unit value updated by IGP–M to Dec. 2012 Number of new users connected Investment by Eletrobrás–historic values Investment by Eletrobrás–updated 2nd 6,100.00 9,265.68 9,405 57,370,500 87,143,740 3rd 7,900.67 9,926.29 65,090
Slide 6: Regulatory P/L and Ebitda
Regulatory P/L and Ebitda Regulatory Ebitda (April 2013 to March 2014) R$ 1.379 bn Remuneration of Capital R$ 587 mn + Other Assets quota R$ 147 mn Replenishment Quota R$ 590 mn Inadimplência R$ 55 mn Delta X (2CRTP) (- R$ 90 mn) Ebitda with Delta X: R$ 1.289 BI Tariff reasonableness Other revenues
Slide 7: Portion A rose 22.3%; Portion B diminished 26.5%
Portion A rose 22.3%; Portion B diminished 26.5% R$ million RTE Jan. 2013 RTP Apr. 2013 Change, % 667 R$ 635 R$ -4,8% 355 R$ 361 R$ 1,8% 3.263 R$ 4.245 R$ 30,1% 4.285 R$ 5.241 R$ 22,3% 1.917 R$ 1.769 R$ -7,7% 2.194 R$ 1.324 R$ -39,7% 4.111 R$ 3.093 R$ -24,8% NA 3.003 R$ 4.042 R$ 2.969 R$ -26,5% 8.21
Slide 8: Appendix I: Financial Components + CVA
Appendix I Fin. Comp + CVA R$ 211 mn Fin. Comp. + CVA R$ 73 mn Actual Revenue R$ 8.132 BI IMPACT FOR CONSUMERS +2.99% Revenue requested R$ 8.170 BI Appendix I (Tariffs actually invoiced) Appendix II The tariffs in Appendix II cover only repositioning of the economic tariff and will constitute the ba
Slide 9: Effect measured by consumer subgroup and type
Effect measured by consumer subgroup and type Subgroup and Type Average effect Average effect Free A2 (88 to 138 kV) -37.00% -40.78% A3 (69 kV) -12.80% -22.28% A3a (30 kV to 44 kV) 1.83% -9.86% A4 (2.3 kV to 25 kV) 12.09% -26.29% AS (Underground) 26.62% -26.29% B1 average (Residential and Low Income
Slide 10: Coverage of operational costs by the Reference Company
The coverage of operational costs, given by the Reference Company, in 2008, was R$ 1.209 bn. Updating of Reference Company to 2013 generates a coverage of R$ 1.714 bn. Cemig D has a background of diminishing coverage (R$ 20mn/year)–such that in 2018 the coverage will be R$ 1.634 mn. Custos Operacion
Slide 11: Components in the Consumer Invoice - Cemig D average
Cost of distribution 26.8% Cost of electricity 38.3% Cost of transmission 3.3% Sector charges 5.7% ICMS 21.0% PIS and Cofins 5.0% Taxes 26.0% Composition of revenue from taxes Components in the Consumer Invoice–Cemig D average 12
Slide 12: Investor Relations
Investor Relations Telefone: (55-31) 3506-5024 Fax: (55-31) 3506-5025 Email: ri@cemig.com.br Website: http://ri.cemig.com.br 13 Table of Contents 6. Market Announcement: New Treatment for CVA Amounts in Cemig Distribuição S.A., April 18, 2013 Table of Contents
Slide 13: Debt by currency and indexer
Currency After 2019 Total US dollar 63,747 46,282 35,242 105,418 67,555 31,314 28,807 111,421 489,786 Euro 2,017 32,634 1,778 1,777 — — — — 38,206 65,764 78,916 37,020 107,195 67,555 31,314 28,807 111,421 527,992 Indexors IPCA = Amplified Consumer Price Index. 733,081 488,471 678,733 177,034 176,168
Slide 14: Profit for the period
Profit for the period Cemig reported net profit of R$ 4.272 billion in 2012, 76.89% more than its 2011 net profit of R$ 2.415 billion. Operational revenue This is the breakdown of operational revenues: R$ mn Change % Overall revenue from supply of electricity 18,614 16,568 12.35 Revenue from Use of
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