Companhia Energetica De Minas Gerais Sa · BMFBOVESPA:CMIG3
Companhia Energetica De Minas Gerais Sa — Energy Co of Minas Gerais — Q1 2023 Earnings Presentation
28 slides from Companhia Energetica De Minas Gerais Sa's earnings presentation, May 30, 2023
Slide 1: Our Energy Transforms - 1Q 2023 Results
OUR ENERGY ~ TRANSF@RMS 1Q 2023 RESULTS CIG.C —= Conference call Cusnees Jews 2 Ons aw — May 5 (Friday), (eo) 3 p.m. Brasilia time IBRX100 B3 IEE B3 ISE B3 IcO2 B3 Link - CEMIG - WEBCAST
Slide 2: Robust cash generation
Robust cash generation: 1Q23 Ebitda R$ 2.16 billion — up 12.8% YoY 1Q23 Adjusted EbitdaR$ 2.07 billion — up 8.1% YoY Net income R$ 1.40 billion — down 3.9% Adjusted Net Income R$ 1.27 billion — up 5.7% Volume of energy distributed: 3.1% more than in 1Q22 YoY: Residential consumption up 5.0%; industr
Slide 3: CEMIG consolidated Ebitda, net profit and leverage
CEMIG OUR ENERGY TRANSFCORMS.. | Consolidated Ebitda 412.8% fF 1917 2162 181% 1,917 2,073 mGeneration Transmission Trading Distribution Others | Consolidated Net profit 40% § 15.7% 1,456 1,398 4,201 1,270 il at | Leverage (oiaiNet Debt / Adi. Ebitda) 324 2.70 1.28 122 0.965 083 2018 2019 2020 2021 2
Slide 4: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 5: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 6: Energy consumption by consumer class
1Q23 G 1Q22 m Residential = Industrial = Commercial and 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 the Billing Collection Index (‘ARFA’) posting 99.75% at the end of 1Q23 – boosted in part by growing migration of receipt of payments to digita
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
Energy sold to final consumers Gross revenue from sales to final consumers in 1Q23 was R$ 6,189.6 million, compared to R$ 7,413.5 million in 1Q22, a reduction of 16.5% YoY, in spite of volume being 2.6% higher. The lower figure is mainly explained by the lower rate of ICMS tax, which was limited to
Slide 15: Number of employees – by company
Number of employees – by company
Slide 16: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 17: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 18: Debt amortized in 1Q23
DEBT AMORTIZED IN 1Q23 – R$ ’000 1Q23 D –428,531 COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 19: Covenants – Eurobonds
Covenants – Eurobonds Last 12 months Mar 23 2022 R$ mn GT H GT H Mar 23 2022 Last 12 months - R$ mn GT H GT H Covenant Net Debt to Covenant EBITDA Ratio 1,39 1,05 1,31 1,11 Limit Covenant Net Debt to Covenant EBITDA Ratio 2,50 3,00 2,50 3,00 Total Secured Debt to Covenant EBITDA Ratio - 0,00 - 0,00
Slide 20: Credit ratings
FitchRatings Pa (oo OS Re EI Semone =F = t aS = ie SepGiopal [al 1} al — cm a m [ecst|soe Ratings 2018 = = I CE | ee So en ees ee] Moopy’s 4 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: Climate change and renewable energy
Climate change and renewable energy % of generation from renewable sources 100% Consumption of renewable fuels (GJ) 5,361.38 Consumption of non-renewable fuels (GJ) 814,529.48 Index of energy losses in the National Grid (Cemig GT) 2.78 Number of smart meters installed 5,991 Impact and environmental
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: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 27: COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
COMPANHIA ENERGÉTICA DE MINAS GERAIS S.A.
Slide 28: Table of Contents
Table of Contents 6. Material Fact dated May 8, 2023 – Award in an Arbitration PUT SAAG to be paid by May 12, 2023 Table of Contents
Energy Co of Minas Gerais — Q1 2023 Earnings Presentation on 6ix