Companhia Energetica De Minas Gerais Sa · BMFBOVESPA:CMIG3
Companhia Energetica De Minas Gerais Sa — Energy Co of Minas Gerais — Q2 2022 Earnings Presentation
78 slides from Companhia Energetica De Minas Gerais Sa's earnings presentation, Sep 1, 2022
Slide 1: 2Q22
2Q22
Slide 2: Q2 Headlines
2 Q2 2 HEADLINES ‘Cemig's 2022 results were boosted by its focus on operational efficiency, its successful frading strategy, and a higher volume of eneray sold: + Adjusted Ebitda was R§ 1.81 billion — up 37% YoY: and + Adjusted net profit was RS 1.14 billion — up 627% YoY. Cemig GT reporis 2022 Ebit
Slide 3: Contents
Contents Consolidated results~ 2022. 5 ‘cemig’s consolidated electricity market a 9 2 Billed electricity market. - co vo - - - 7 9 Client base “a “ “ “s . . . 10 Performance by sector ua “The annual Tarif Adjustment occ a a se _ mere ‘Quality indicators — DEC and FEC... zs zs . os . a ‘Combating def
Slide 4: Contents (continued) and Disclaimer
RAP —July 2022-June 2023 cycle 40 Complementary information. comig 0. = = = seh Comig GT. 3 Cemig Consolidated Tables. _ _ seve 4S Tables of adjustments - = = ee) Disclaimer: arings Release —2022
Slide 5: Consolidated results – 2Q22
nsolidated results — 2Q22 ebitda by company (RS millon) igor B25 16958 gr Adlusted ma] #287 ig( woz 1588 FS) 3537 25902 ‘consolidated adjusted x09 13203, 26a 37.0%
Slide 6: Profit and Loss Account: 2Q22 vs. 2Q21
PROFIT AND LOSS ACCOUNT: 2022 vs. 2021 2021 INET REVENUE 7384 NT ‘OPERATING Costs Personnel 798 Employees! and manager! profi sharing ‘720 _as08 Post Retverent Employes Senet ist lop s858 Materials ‘3325 «a208 Outsourced services Beas a Energy ourchased for resale 2882421908 Depreciation and Amoriza
Slide 7: Results by business segment
Results by business segment re oe rn son nen on en NET REVENUE 12894387 9397.68 (COST OF ELECTRICITY AND GAS 78 o “oid 2837492521 OPERATING COSTS Personnel Ev a 7 27a @ eal Employees’ and managers profit hares 4 4 ai Ea oa @ a Postratvement obsgation: Ev 30 2 sor 21st 0 “181 Materials, Outsourced se
Slide 8: Cemig's consolidated electricity market
consolidated 0 tricity market 2021. Of this total, 8,927,875 are final consumers (or represent Cemig’s own 1.9% consumption); and 531 ae other agents inthe Srila electricity sector ~ Growth in Cemig's consumer base n June 2021 ‘This chart shows the breakdown of the Cemig Group's sales to final consu
Slide 9: Billed electricity market
Electric billed to captive clients and electricity transported for Free Clients and Performance by company istributors with access to Cemig D's networks in 2022 totaled 11,730 GWh, or 1385 more than in 2021 ~ reflecting, msiniy, growth in consumation by canieD inaustrial users increase of 91.6 GWh,
Slide 10: Sources and uses of electricity – Client base
Sources and uses of electricity - MWh Client base In dune 2022 Comig billed 8.93 milion consumers, 1.9% more than in June 2021. Of this total, 2,405 were Free Clients using the distribution network of Cemig . ae 22 urge "anspor forderbiors 757175050752 adore lets besos sarees a0 Saal aaa a aaa aa Re
Slide 11: Performance by sector
Performance by sector Industrial: Energy distributed to industrial cients was 47.8% of Cemig O's total listribution. A large part (44.4%) was energy transported for industrial Free ‘cients ~ 2.39 higher in volume than in 2024, reflecting migration of clients to the Free Market. Volume of energy bill
Slide 12: Combating default
2 gue tr tne tment msg window 3024-203) Combating default 1.2022 Cemig has maintained its high level of collection actions of 2021 and as a result has improved efficiency in combating default. & good reflection of this is the Receivables Collection Index ’ARFR'), of Collection/Biling reaching 2 reco
Slide 13: Energy losses
Energy losses Energy losses were within the regulatory level 11.2396 (the regulatory level is 11.2555) the 12-month window, at ‘Approximately 286 GWh relating to frauds has been billed inthe last 12 months. Inspection, regularization and modernization of 1.4 milion consumer units is planned forthe t
Slide 14: Cemig GT / Holding Company electricity market
Cemig GT / Holding Company Electricity market Excluding transactions in the Power Trading Exchange (CCEE], in 2022 Cemig GT billed 2total of 704 milion MWh 3.4% les than in 2021. The reduction reflects ‘transfer of sales contracts totaling 1.59 millon MWh (excluding transactions on ‘the CCEE) to Cem
Slide 15: Gasmig
Gasmig Gasmig isthe exclusive distributor of piped natural gas forthe whole ofthe state of Minas Gerais. It supplies industria, commercial and residential users, and users of compressed natural gas and vehicle natural gas, and supplies gas as fuel {or thermoelectric generation plants. Its concession
Slide 16: Financial results: consolidated operational revenue
Financial results Consolidated operational revenue 202 zon Revenue from supply of electricity Ysuess2 6.537733 1376 Revenue from use of distribution systems (TUSD charge) 912576 320.875 rey ‘CVA and Other nancial components in tariff adjustments ans assyse asso Reimbursement to consumers of PIS, Pas
Slide 17: Revenue from supply of electricity
Revenue from supply of electricity —— oe = Fs oe <= Sana ee Tem eee ae = i Ta PT eon Fa = Sc a Rc ez oe a —S eS eo ——— ————————— = eee ee ee — i : — a eee a : ara : = Loe ane aeae Sema Tener ste nee tee ee a ea ee oo : — rE = Se Se SS (2) The eacltion of average pie doe at nade revenue rom sup note
Slide 18: Consolidated volume of energy sold
Consolidated volume of energy sold (GWh): +9.7% wo 28) a ES =" 2021 Residential industrial Commercial Rural Wholesale other Energy sold to final consumers 2022 revenue from energy sold to final consumers was RS 6,947,7 milion, or 412.0% higher than in 2021 (RS 6,202.0 milion) ~ reflecting consumptio
Slide 19: Gas supply revenue and TUSD charge
Gross revenue from supply of gas in 2022 totaled RS 1,113.4 milion, compared to R$ 838.4 milion in 2021. The increase results from passthrough ofthe adjustments made inthe last 12 months tothe cost of gas acquired, and to the readjustment of the margin by the IGPM inflation index in 2022, while the
Slide 20: Operational costs and expenses
Operational costs and expenses ‘Operational costs and expenses in 2022 totaled RS 8.43 billion, RS6.16 billion in 2021, mainly duet: (i) R51. bition provision related to PS/Parep and Cofins credits; (it) gas purchased for resale (+8$211.5 milion); (ii) infrastructure construction cost (+85323.9 mili
Slide 21: Electricity purchased for resale
Electricity purchased for resale ‘+ Expense on supply from Haipu 14.6% lower, a RS 409.8 mil ‘compared to RS 480.1 milion in 2021, mainly reflecting: 202 20 {0) reduction ofthe price for demand from Itaipu from US 28.07/kW to n in 2022, Seeoconrte soo * US 24.73/kW, and co (83000) i) the dollar exch
Slide 22: Charges for use of transmission network
Charges for use of transmission network and other system charges ‘The charges fer use of the transmission network in 2022 totaled RS 560.1 million, 20.2% less than in 2021. The lower figure mainly reflects lower ‘iepatching of thermal plants outside the merit order for cecurity ofthe system, ‘and th
Slide 23: Post retirement obligations
‘The impact of the Company's post retirement obligations on operational profit 5102 5025 5053 sont in 2022 was an expense of RS 1513 milion, compared to an expense of, ae $103.3 milion in 2021. “The difference was mainly due to the increase inthe discount rate, and inthe expectation for inflation, w
Slide 24: Consolidated EBITDA (IFRS and Adjusted)
CONSOLIDATED EBITDA (IFRS and Adjusted) EBITDA 2022 2021 CONSOLIDATED EBITDA — R$ 000 Profit (oss) for the period, 49375 1946639 -97.4% Income tax and Social Contribution tax “855,151 880,346 197.1% Net finance income (expenses) 870.949 -478,528_-282.0% Depreciation and amortization 286,000 241,733
Slide 25: Cemig D – EBITDA
CEMIG D - EBITDA 2a22 2021 500278 347.501 352367 29913 Net profi forthe period * Income tex and Social Gontrbution Net financial ravanuelaxpencee) amet Tess _se5a72 735 acs of aw SES GaGREOTTGPRDIS «yang greener’ rested w the wie oF abaton cos Unrsmuctre Z ‘sted eotsa couse? “590503 185 if) sitar ig
Slide 26: Cemig GT – EBITDA
. finda of Comig GT in 2022 was RS 262.8 millon (492%). Adjsted EBITDA Cemig GT — EBITDA reached R$803 milion in 2022 and 5429.6 milion in 2021 (27.0% increase) ‘Ths esl was achieved even withthe transfer of trading contracts (1.59 milion ae Mh, exclaingransactions onthe CCE) to Cemig Holding Factor
Slide 27: Finance income and expenses
Finance income and expenses (75000) orzo Fares ne EET ce expens 509.867 660 Net financial venue expense) Joss a7as28 202.0% 4 Eurobonds — Effect in the quarter (RS ‘000) ECE MNINNETS TN Effect of FX variation on the debt 500,200 1,047,650 Effect on the hedge 54,620 425,417 485,580 617,283 Net effect
Slide 28: Net profit and adjusted net profit
4 F RS 1.14 billion — up 62.7% 9 9 Net profit © Adiusted net profi ‘Cemig reports 2022 net profit of RS 43.3 million, compared to net profit of S15 billion in 2021; ‘Adjusted net profit in 2022 was RS 1.14 billion, compared to RS 700 milion in 2021. Factors in tis result principally include: Taesa 1
Slide 29: Investments made in first half of 2022
‘Total investments made in the frst 6 months of 2022 were RS 1,296 milion, ‘or 45% more than inthe frst half of 2021. A total of RS 697 milion was invested in 2022 oF 40% more than in te frst quarter ofthe year ay 4 © Distribution DISTRIBUTION ‘TRANSMISSION = Generation =RS 900mn RS 132ma Maienance
Slide 30: Debt
Debt {CONSOUDATED (RS"000) tun. 2022 202 change, % Grose debt MS 4436308316 Gash and equivalents Secures 3782303203026 306% Net debt 7aezasa 960937 126% change, % eo2sas0 128% 1aseas7 4260970 158% ‘CEM [R$ "0) un. 2022 2nz1__ change, % Grose det 14795287 129% iameem 10082 —425.7% Net debt 3aie355 2,
Slide 31: Debt amortization profile
Debt amortization profile (R$ million) 2022 fanaa DEBT AMORTIZED ~ RS ’000 ai n coon 5 saga sense Tier 7592 TEs cow al ae ae os =— | | Debt by indexor Gross debt by company a 10.1%, \Pcainton as m = CemigD ore casper en aiiies, moses 47.0%
Slide 32: Covenants – Eurobonds
Covenants — Eurobonds Continved> et income (ioe) 112-2889 3753 fnoncial results net 16302023 2253 income tax and zocial contribution a3 218 pa depreciation and amorization sal 1089 imino interest result 3) 881 12 provisions for the variation in valve of put option obigations Ww ou 100 ee el es Feet
Slide 33: Covenant net debt
Ac ‘consaidatad indebtedness 56 FAS] 8011 384 Derivative nancial instruments ay yz 1219 Debt contacts with Fomuz 1S 86h me 908 The camying Eabty of any put option obligation 369 a6 636 Console cash and cash eauiolents ond conscldoied motketable ecules recorse3 sass 5790.26) 2908 Covenant Net Debt 38
Slide 34: Cemig's long term ratings
4 Cemig’s ratings have improved greatly in recent years. In 2021 the three principal rating agencies upgraded their ratings for Cemig. Cemig’s long term ratings In April 2022, Moody's again upgraded its rating for Cemig, this time by one level. More details in this table: Specutt S&P Global Ratings
Slide 35: 2Q22 ESG Performance Report
2Q22 ESG Performance Report Recent highlights May 22 ofthis yaar was the 70 anniversary of Camig’s foundation, in 1952. Today its electricity generation sources are 1008 renewable, and IR is one of the world’s largest power generation and distribution ‘companies ~ serving an area the size of France
Slide 36: Participation in the main sustainability indexes
Slide 37: Performance of Cemig's shares
Performance of Cemig’s shares [CMIGS PN) atthe cose (8/share) 1038943 1003% ‘idles (Oh) athe clas (as/enare) isis 135611808 {1G (ADR for Pw shares) at ose (USS/share) 202272175086 {16 (ADR Tor ON shares) at close [USS/share) 297 254.1257 XcMiG [Camig Ph shares on ative), close e/share) 190206 7.77%
Slide 38: Generation plants
Generation plants F Cemig power Cemig physical End of, Ceomig ae (MW) guarantee (MW) concession interest Emboreag3o. Cemig GT 1192 500 May 2027 yore plant 100.0% Nova Ponte Cemig Gt 510 270 Avgust2027 Hydro plant 100.0% rope Cemig ST 399 208 Sep. 2037 yore plant 100.0% 8: Mavioe (Comig Ger. Tres Mar
Slide 39: Generation plants (continued)
aE emia ot ” 5 sumo Hyoroplant sa elo Monte Pant Norn vats Stays Hyer piant 17 Sono Artie Park SAE 2 jot Sep. an80Hyste pant 78 Retro Bobo tts Baie Errata @ 1B Agr2047 Hero pant 09% Poco Heelies Poca 8 6 Bee. 2984 Sma Hysre Mark _-Pom tare Violin CachostBo 13 @ Sep. 2088 Smal yar Rant 9.08 ear Ughic
Slide 40: RAP – July 2022-June 2023 cycle
RAP — July 2022-June 2023 cycle ‘Anee! Ratitying Resolution (REH) 3,067/2022 (2022-202 cycle) BA, RS ‘000 Expiration ‘Cemig 925247 100008 25,247 Cemig ct 10,629 100008 810.427 Dec. 2042 Cemigojves 75310 100.008 75310 Oct.2030 Centrosste 50575 100.008 30575 Mor. 2035 Sete Lagoos 8.734 100008 8734 Jun
Slide 41: Complementary information: Cemig D
Complementary information Cemig D CEMIGD Market Quarter Cope ‘USD ENERGY" Consumers 2020 5,788 4739 3020 6oat 5,055, 4020 6157 5461 sot 647 5,350 2021 6.038 5592 355 3021 6218 5623 352 4021 6013 5612 361 1022 5738 5397 362 2022 5,050, 5.853, 367 (1) meena pain oration tne repay chert Fe ns |Poion [:
Slide 42: Cemig D revenue and expenses
2027 1027 2021 Revenue fom supply of eneray ase Revenue tom Use of Distibution Systems [the TUSD charge] 498436 7a Tus 320868 nae CVA .nd Other francial components in tartfedjustment 272-700 - ‘Consinetion revenue a ae ome Others e160 S095 1047 “Subtotal 8135 7.566 710% Deauctions 3204 2.818 ced (Ne
Slide 43: Cemig D statement of results; Cemig GT revenues
202 1022 2021 che: Statement of Recut 2an0 Net Revenue 493147484801 2 ‘Operating Expenses 600842694578 ez ea T0249 : EBA 1365559 5 Z Froncial Reaut Ce) 5 E Provision forincome Taxes Sociol Cont & Deferred income Tax S24 -128—-127 : - Net Income “90037648 a : Cemig GT Cemig GT- Operating Revenues zoz
Slide 44: Cemig GT operating expenses and results
‘cemig GT - Operating Expenses 202210722071 ha (85 miller) 2a/1a 29/20 personnel 2 at ry ry Employees and manager prof sharing 30 ss EreTy 6.7% Fors —Post-ratrementoblestone 32 23 00% Ey Materials 7 28 75.0%, 425% ‘outsourced services 30 ae Peery 22.0%, Depreciation and amartiztion 32 a8 2.0% 67.3%
Slide 45: Cemig Consolidated Tables
Cemig Consolidated Tables Revenue from supply of electricity zoo 1022202) (R$ milion) zag 20/20 esdertal 2s 3ais Bank -2 eH 39% Industral 352023884270 cee ‘commercial sess ysis SOR Sa ural Sasa comers ae ae es) Subtotal bon 758 6257 41s niles sy a 78 ae a Suse a0) cere TOTAL Zais 8508638 eee Energy
Slide 46: Operating Revenues – consolidated
Operating Revenues ~ consolidated ‘Sols to end consumers ‘5387 Tass eS ae susply os8 390 70st ALO Tus 3 a9 a ee ‘GVA and Other financial components in triffagjustment A 700 58 z E Beimbuttement of is/Pasep and Coins over ews credit astomers as = ee “ransizson revenue lus aT? 2s 8s 7% 500% 680% eanca
Slide 47: Operating Expenses – consolidated
Operating Expenses - consolidated zoor 122202 Personnel 370, 304, 3327 73% Employees and managers profthaeng 37 37 20 ‘O08 850% Ferlus—Post-Retirement Employee Senate ase iss ios = ese Materials = 20 256s 32.08 ‘outsouread series a, eo as. 34% aoe Energy purchased for resale Baas 3208530818 aa Depre
Slide 48: Finance expenses and statement of results
74102 azes 738s ‘PNANCE EXPENSES ‘cons of oan ans financings Bee T9038 Foreign exchange veriations 500 ° ° E = Monetary updating loans and financings 7 es a a ‘chargas and monetary updating on postretrement obligation is “asco Monetary uptading of is/Cofns credits a7 ° © o_ eo ‘Negative effec on nan
Slide 49: Cash Flow Statement
Cash Flow Statement [a _ a (Cash at beginning of period, 251.680 (Cash generated by operations 3036 2923 Net income fr the period from going concern operations 450s 2,369 ‘Tributos compenséveis 654 24 Depreciation and amortization 572 480 (CVA and other financial components 72-78 Equity gin (loss) i
Slide 50: Balance sheet – assets
Lease payments a7 3 Payments of loans and financings 73-4534 Interest on Equity, and dividends 367-701 Proceeds from Loans, financings and debentures 987 ° (Cash at end of period ass 2661 BALANCE SHEETS - ASSETS user ‘CURRENT (Cash and cash equivalents 4367825 Marketable securities 4774174 Customers
Slide 51: Balance sheet – non-current assets and liabilities
Escrow deposits in legal actions az 1155 Derivative nancial instruments — Swaps 9754219 [Accounts recaivable from the State of Minas Gerais BoB Financial assets ofthe concession 4263 4.969 Contractual azzets 6224 5,780 Investments 5405 5,106 Property, plant and equipment 23732419 Intangible assets 1
Slide 52: Balance sheet – liabilities and equity
Derivative financial instruments 228 G Derivative nancial inztruments- options CT Leasing operations 33 2 Other obligations 62 716 TOTAL CURRENT a1as2 10,687 NON-CURRENT Regulatory charges 57 05 Loans and financings 10182 9,898 Income tax and Socal Contribution ‘=x aes 32 Deferred income tax and Soc
Slide 53: Tables of adjustments
Tables of adjustments Cemig Consolidated EaITDA NET PROFIT ‘ADJUSTMENTS zon 2072 zoz1 2077 IFRS 2580 354 19650) Result of Transmission Tariff Review eer = “139 = Gains on disposal of azsts| Light anc Renova) - 60 an Financial asset~ reimbursements receivable — written off - om - 4 Offsetting of hydr
Slide 54: Cemig D adjustments
CemigD EaITDA NET PROFIT ‘ADJUSTMENTS zon 2072 zozi 2077 TFRS 1-813 348-900 Provision ~ recite of PiS/Patep/Cofins taxes on ICMS VAT = 4660 S| seen Use of dietsbution infrastructure - 85 - 102 RECURRING ssi coz Me 329
Slide 55: Results Presentation 2Q22
2. 2Q22 Results Presentation.
Slide 56: Results
— -_ RESULTS “9,
Slide 57: Disclaimer
DISCLAIMER Certain statements and estimates in this material may represent expectations about future events of results which unknown, There is no guarantee that events or results will occur as referred to in these expectations subject to risks and uncertainties that may be known or ‘These expectatio
Slide 58: 2Q22 Results
2Q22 RESULTS D) cams COMMITMENT TO EFFICIENT FINANCIAL AND OPERATIONAL MANAGEMENT ae Net profit of R$ 1.1 bn (Adjusted net profit up +62.7% QoQ) | ROBUST CASH GENERATION Ebitda of R$ 1.8 bn (Adjusted Ebitda +37.0% QoQ) __| 2022 VOLUNTARY SEVERANCE PLAN ADOPTED BY 297 EMPLOYEES Total program cost: R$
Slide 59: Investment program – execution
INVESTMENT PROGRAM - EXECUTION Investment of R$1.196 mn in1H22 Investment planned for 2022 Y R$697 mn in 2Q22 kssiazsimn DISTRIBUTION TRANSMISSION R$990 mn = R$132 mn imDatbishon: Investments in maintenance and ‘Strengthening and upgrading — with increase in Generation modernization of the elect RAP
Slide 60: ESG practices: alignment and strengthening
ESG PRACTICES: ALIGNMENT AND STRENGTHENING CENIG Board approved Cemig’s An inclusive Human Valve, Diversity environment favors and Inclusion Policy better results MOVIMENT@® Cemig joined Climate Ambition movement of the UN Global Compact AMBICAO NET ZERO C Commitment to translating ESG values into o
Slide 61: Results Cemig
RESULTS CEMIG x
Slide 62: 2Q22 Results – Main factors
2Q22 RESULTS - MAIN FACTORS Trading strategy, and 18.4% increase in energy sold (Cemig H e GT) ensure good results in 2Q22 + Contracts providing Ebitda of R$155 mn were transferred to Cemig H Improved operational efficiency with renewal of staff + 297 employees accepted the 2022 Voluntary Severance
Slide 63: Cemig H (Holding Company) results 1H22
CEMIG H (HOLDING COMPANY) RESULTS 1H22 3) CEMIG ay 8% AI 5 ae 2H 447.3% 443 5 a0 1.594 3 HOD IFRS 1H22 IFRS ake sua HOURS 1H22 RS. ae aaa Recurring Recurring Recurring Recuring [ADJUSTMENTS ) Rewuit of Tronemission Tarif Review 270-1 (Cemig H Goins on cisposol of anete Light and Renova) “07-60 109-3
Slide 64: Cemig H (Holding Company) results 2Q22
CEMIG H (HOLDING COMPANY) RESULTS 2Q22 700 50 zon O21 IFRS 2022 IFRS 2022 Recurring Recurring 2021 1FRS 2022 IFRS Recurring Recurring [ADJUSTMENTS 2Q21_2G22 Ml 2G21_ 2022 Cemig H Result of Transmission Toriff Review 211 - +139 - Gains on disposal of assets( Light and Renova) ee 377 R$155 mn of Ebitd
Slide 65: 2Q22: Consolidated operational costs and expenses
2Q22: CONSOLIDATED OPERATIONAL COSTS AND EXPENSES PMSO costs - from 2Q21to 2Q22 8.490 1,051 919 PMSO Purchase of 919 ase energy and other costs 2 FemelPatowig Peteanen mes oust ow 2021 2022 ¥ Expenditure of R$ 29 mn on IT higher in 2022 and R$ 11mn spent on disconnections and reconnections ¥ Costs o
Slide 66: Debt profile – consolidated
DEBT PROFILE - CONSOLIDATED Debt and leverage continue to be low - ensuring sustainability of operations and execution of investment program Maturities timetable | average tenor: 3.2 years Evolution of our Ratings [Net debt (Debt ~ Cash and securities): RS 7.4 bn Main interestrate | 2018 2009 Totaln
Slide 67: Consolidated cash flow
CONSOLIDATED CASH FLOW Robust cash generation ensures the Company's liquidity 972 391 Com*Secunier Conn generated ova Paymentsoflears, Dividends interest Loans ther vesimentoctvly Cash* Secures ar ‘Porcrand on tashy 202 (POIPASERICORNS) RESULT S- Te ces
Slide 68: Results of Cemig D 2Q22
RESULTS OF CEMIG D 2Q22 ¥ 2a2iIFRS 2022 FAS 2oa1 2022 2021 IFRS 20221FRS 20212022 Recuridg’ Recurig Recurring Recurring [ADJUSTMENTS Provision - Credits of PIS/Pasep/Cofins taxes on ICMS ~ VAT Use of distribution infrastructure RESULT S- Pear Te ces
Slide 69: The electricity market in 2Q22 (Cemig D)
THE ELECTRICITY MARKET — IN 2Q22 (CEMIG D) D) cemic 1.34% increase in the volume of sold energy, especially with the recovery of the industrial activity in Cemig D's concession area Cemig D - Captive clients + Transport (GWh) Bey Hither: (@ vase Distributed Generation - 11.4636 1792 ® Energy injecte
Slide 70: Cemig D: Combating losses
CEMIG D: COMBATING LOSSES - ONGOING EFFORT Main initiatives a. o Total losses Success index in client inspections, increasing from 27% in 1H21 to 48% in 1H22 6.613 6549 ¥ 230,000 obsolete meters replaced ¥ 150,000 conventional meters replaced by smart meters ¥ 15,000 clandestine connections regulari
Slide 71: Combating default – Cemig D
COMBATING DEFAULT - CEMIG D CEMIG Our Collection/Billing index ("ARFA') reached a record of 99.59% in May 2022, resulting from issuing receipts via digital channels. Change in the collection mix reduced costs by 6.74% in 1H22. Management of default is still challenging, as Cemig works to comply with
Slide 72: The annual tariff adjustment and Law 14.385/22
The annual tariff adjustment - and application of Law 14.385/22) The annual tariff adjustment — approved by Council of Aneel on June 22, 2022, will be in effect until May 27, 2023. v Average increase (across all consumer types)of 8.80% = For high-voltage consumers: average 14.31% * For low-voltage c
Slide 73: Cemig D – Debentures issue
CEMIG D - DEBENTURES ISSUE D) c=MIG Successful issuance shows the market's confidence in Cemig D In June 2022 Cemig D concluded its 8th issue of non-convertible debentures, maturing at 5 and 7 years, in a restricted offering in compliance with CVM regulations: CDI + 1.35% 500 6.10% do IPCA 500 Deben
Slide 74: Regulatory Opex, Regulatory Ebitda – 2Q22
REGULATORY OPEX, REGULATORY EBITDA - 2Q22 D) cmc Monitoring of manageable cost OPEX - R$ mn EBITDA - RS mn go gt a: ¢ # & e Pa ras of ae ra “¢ a ra ee & o Regulatory Opex and Ebitda within regulatory parameters — annual basis RESULT §----- 2@22 Te ces
Slide 75: Results of Cemig GT 2Q22
RESULTS OF CEMIG GT 2Q22 59.1% as sms g oa ae 2021 IFRS2022 IFRS 2a21 2022 Recurring Recurring 2021 2022 2az 2022 IFRS IFRS Recurring Recurring [ADJUSTMENTS 221 2022 2021 2022 Cemig H Result of Transmission Tariff Review 2-139) 0-37 Gains on disposal of asseis{ Renova) = R§155 mn of Ebitda and Finan
Slide 76: Gasmig
GAJMIG Gasmig continues to deliver consistent results in 2Q2022 Segments served| % of Volume in m om Ao Be Industria! Residential Commercial Thermal Vehicle plants natural gas Natural gas volume sold | Million m? 1,387, 1,130 “ . ms 946 Gasmig supplies an 258 average daily volume of 2.8 million m*”
Slide 77: Fulfilling the commitments made
FULFILLING THE COMMITMENTS MADE Opex within regulatory limit (annual base) Non-technical losses — reduction to regulatory level Achieved DEC within regulatory limit Liability management of Eurobonds Definitive solution for Renova €&& & NE Strengthen Cemig D’s investment program Partially Y Divestmen
Slide 78: Notice to the Market – Development of Photovoltaic Energy Projects
3. Notice to the Market - Development of Photovoltaic Energy Projects.
Energy Co of Minas Gerais — Q2 2022 Earnings Presentation on 6ix