Companhia Energetica De Minas Gerais Sa · BMFBOVESPA:CMIG3
Companhia Energetica De Minas Gerais Sa — Q3 2024 Earnings Presentation
20 slides from Companhia Energetica De Minas Gerais Sa's earnings presentation, Nov 18, 2024
Slide 1: 3Q Results: Strategy That Generates Value
RESULTS 3Q STRATEGY THAT GENERATES VALUE Transf rming lives with our energy
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: Highlights 3Q24
Highlights 3Q24 3 Best rating in history- AAA Acknowledgment of steady performance and cash generation, added to have a diverse asset base and disciplined capital allocation Best Ebitda in history R$5.0 billion in 3Q24 Completion of Aliança Energia sale o Amount received of R$2.7 billion, with a rec
Slide 4: Transmission Tariff Review - Cemig GT
Transmission Tariff Review- Cemig GT 4 Efficient investment management is seen in Cemig GT´s tariff review process ➢ RAP for 2024-2025 cycle at R$1,162 million and the Adjustment Parcel (PA) receivable is R$117.8 million ➢ The Net Remuneration Base (Net RAB) increased by 78.7% to R$2.6 billion from
Slide 5: Investment program - execution
Investment program - execution 5 Total realized investments of 65.1% of planned for 2024 Total realized investments of R$4,044 million for 9M24 Investment execution Distribution Investment in modernization and maintenance of the R$3,141million electricity system 4,829 +21.4% 4,044 3,568 3,332 2024 T
Slide 6: 3Q24 Highlights
3Q24 Highlights 6 Cemig o Robust operational cash generation, recurring Ebitda of R$1.8 billion o Trading results negatively impacted by the price difference between energy submarkets Cemig D o DEC/FEC Outage indicator – remained within the regulatory limit o Average tariff adjustment of 7.32%, with
Slide 7: Consolidated 3Q24 results
Consolidated 3Q24 results 7 EBITDA NET PROFIT +146.5% +165.2% -10.3% -9.3% 4,958 3,280 2,011 1,965 1,762 1,237 1,233 1,118 3Q23 3Q24 3Q23 3Q24 3Q23 3Q24 3Q23 3Q24 IFRS IFRS Recurring Recurring IFRS IFRS Recurring Recurring EBITDA NET PROFIT R$ million 3Q23 3Q24 3Q23 3Q24 IFRS 2,011 4,958 1,237 3,280
Slide 8: PMSO Analysis in 3Q24
PMSO Analysis in 3Q24 8 R$ million +2.9% 34 1,510 30 Increase in OPEX associated with 1,467 47 improvements in the quality of 20 6 service to our customers 3Q23 Post- Personnel Material Outsourced Other 3Q24 employment services Increase in PMSO costs in the quarter stemmed from the following: ▪ Thir
Slide 9: Consolidated Cash Flow
Consolidated Cash Flow 9 R$ million Robust cash generation and the issuance of debentures by Cemig D strengthened liquidity, ensuring the execution of the strategy, FOCUS ON MG, and investments in the core business 3,663 2,976 5,013 376 3,620 2,737 6,752 2,311 Cash + Cash from CVA Loans Dividends In
Slide 10: Debt management
Debt management 10 Successful 11th issuance of sustainable debentures by Cemig D, increasing average consolidated maturity by 1 year. Total issuance value of R$2.5 billion, with demand of 1.53X the original offer amount First Serie Second Serie • R$1 billion • R$1.5 billion • Final rate: CDI + 0.55%
Slide 11: Consolidated Debt profile
Consolidated Debt profile 11 Maturities timetable Average tenure 4.3 years Main Indexers Net debt (Debt – Cash and securities): R$7.4 billion Total Net debt (Net debt – Hedge): R$6.9 billion Dollar 6,752 33% 15% IPCA 5,274 2,675 CDI 2,353 2,360 867 606 Cash + Securities 2024 2025 2026 2027 2028 Afte
Slide 12: Cemig D - 3Q24 Results
Cemig D - 3Q24 Results 12 EBITDA NET PROFIT -7.5% -21.7% 836 773 476 372 3Q23 3Q24 3Q23 3Q24 IFRS IFRS IFRS IFRS EBITDA NET PROFIT R$ million 3Q23 3Q24 3Q23 3Q24 IFRS 836 773 476 372 3Q24 RESULTS
Slide 13: Energy market - Cemig D
Energy market - Cemig D 13 Solid market growth in 3Q24 Cemig D: Billed market + transmission for customers (GWh) Distributed Generation market – GWh +4.5% +32.2 % 12,378 1,270 11,847 961 +8.6% 740 654 Other -11.6% 6,035 6,557 868 914 Rural +5.3% 1,009 931 271 320 Commercial -7.7% +0.2% 3Q23 3Q24 5,8
Slide 14: Regulatory losses - Cemig D
Regulatory losses- Cemig D 14 Total losses – 12 month moving window 6,613 6,549 6,566 15 6,371 6,135 6,172 6,239 14 We remain focused on keeping 12.71 Total losses (GWh) 12.49 12.57 13 losses within regulatory % Actual 11.28 11.23 10.76 12 parameters by year end 10.84 11 losses 11.51 11.43 11.22 11.
Slide 15: Operational efficiency - Cemig D
Operational efficiency- Cemig D 15 (R$ million) Ongoing effort to remain within regulatory limits OPEX Ebitda +12.4% -5.6% -20.7% -6.8% 3,294 174 541 857 681 457 3,070 154 343 2.849 457 242 41 82 2.613 2,535 2,392 REGULATORY PMSO Post – PDVP Fines Provisions Default OPEX * Non- OPEX REGULATORY OPEX
Slide 16: Cemig GT - 3Q24 results
Cemig GT - 3Q24 results 16 EBITDA NET PROFIT +380.2% +436.5% 3,798 -3.9% -19.1% 2,629 791 745 490 486 467 603 3Q23 3Q24 3Q23 3Q24 3Q23 3Q24 3Q23 3Q24 IFRS IFRS Recurring Recurring IFRS IFRS Recurring Recurring EBITDA NET PROFIT R$ million 3Q23 3Q24 3Q23 3Q24 IFRS 791 3,798 490 2,629 Reversal of loss
Slide 17: Recurring Ebitda per segment
Recurring Ebitda per segment 17 (R$ million) Key financial highlights for main businesses Quarterly comparison Share in Ebitda -7.5% 155 11 -0.2% 227 836 773 -58.9% 773 -1.7% 101 496 495 +11.5% 495 246 231 227 139 155 101 Distribution Generation Trading Gas Transmission Distribution Generation Tradi
Slide 18: Gasmig – 3Q24 Results
Gasmig – 3Q24 Results 18 Consumption by category Ebitda R$ million NET PROFIT R$ million -1.7% 91.8% 1.4% 2.6% -5.8% INDUSTRIAL 231 227 RESIDENTIAL COMMERCIAL 139 131 2.7% 1.5% VNG Co- natural gas generation vehicle 3Q23 3Q24 3Q23 3Q24 Natural gas volume - sold million m3 1,387 -6.6% 1,130 Results w
Slide 19: Delivering on assumed commitments
19 Delivering on assumed commitments Achieved In progress Future challenges and opportunities Strengthening Cemig D’s Implementing initiatives to comply with non-technical losses within Renewals of investment program generation concessions regulatory level Divestment of holdings with complexities Di
Slide 20: Transforming lives with our energy - Investor Relations
20 Transf rming lives with our energy Investor Relations +55 31 3506 5024 ri@cemig.com.br www.ri.cemig.com.br IBRX100 B3 IEE B3 ISEB3 IEE B3 ICO2 B3 ISE B3 ICO2 B3 UHE Irapé 3Q24 RESULTS
Companhia Energética de Minas Gerais — Q3 2024 Earnings Presentation on 6ix