Transf rming lives with our energy
20
May
Disclaimer | 2 |
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 present assumptions and analyses from the viewpoint of our management, based on their experience, the macroeconomic environment, market conditions in the energy sector and our expected future results, many of which are not under Cemig's control.
Important factors that can lead to significant differences between actual results and projections about future events or results include Cemig's business strategy, Brazilian and international economic conditions, technology, Cemig´s financial strategy, changes in the energy sector, hydrological conditions, conditions in the financial markets, uncertainty regarding future results of operations, plans and objectives as well as other factors. Because of these and other factors, our actual results may differ significantly from those indicated in or implied by these statements.
The information and opinions contained herein should not be understood as a recommendation to potential investors and no investment decision should be based on the truthfulness, or completeness as of the date hereof of this information or these opinions. None of Cemig's professionals nor any of their related parties or representatives shall have any liability for any losses that may result from the use of the content of this presentation.
To evaluate the risks and uncertainties as they relate to Cemig, and to obtain additional information about factors that could lead to different results from those estimated by Cemig, please consult the section on Risk Factors included in our Formulário de Referência filed with the Brazilian Securities Commission - CVM, and in Form 20-F filed with the U.S. Securities and Exchange Commission - SEC.
In this material, financial amounts are in R$ million (R$ mn) unless otherwise stated. Financial data reflect the adoption of IFRS
C o r p o r a t e P r e s e n t a t i o n - 2 0 2 4
CEMIG - Largest integrated utility
4
#1Integrated - Leader in Renewable
100% of our generation is renewable
C E M I G G T | L a r g e s t t r a d i n g |
c o m p a n y | |
4 th largest transmission group* | |
6th largest generator group | Largest energy supplier for |
free clients 15% market share |
C E M I G D - C o n c e s s i o n a r e a t h e s i z e o f S p a i n
Largest energy distribution concession in the country
- >9. million clients in 2022
- 47.7 thousand GWh of distributed energy in 2022
- >574 thousand Km of lines
*Considering a proportional 21.68% stake in TAESA's RAP
Presence in | RR |
26
States AM
ACRO
Hidro generation
Solar generation
Wind generation
Natural gas distribution
Transmisson
Electricity distribution
Cemig free Clientes
AP
PA
TO
MT
GO DF
MS SP
PR
SC
RS
MA
MG
CE | RN | |||||||
PI | PB | |||||||
PE
AL
BA | SE |
ES
RJ
C o r p o r a t e P r e s e n t a t i o n - 2 0 2 4
CEMIG in Numbers | 5 |
Integrated portfolio making it possible to capture synergies and reduce risks
Generation
5.2 GW
68 Power plants
57 9 2
Transmission
- 5,060 km
- 41 substations
- 21.68% stake in TAESA's RAP
Trading
• Highest power trading
• 15% of market share
• More than 4,500 free clients
Natural Gas | ||||
Distribution | ||||
• | >95.000 customers | |||
• | 46 municipalities | |||
• >9.1 million customers | ||||
• | 2.8 million m³ | |||
• Area size of Spain | ||||
Average daily volume |
- 774 municipalities
- 570,535 km Grid
- Retail largest distribution company
C o r p o r a t e P r e s e n t a t i o n - 2 0 2 4
CEMIG at a Glance
Shareholder structure - Based in State of Minas Gerais
Others | EMG* | FIA Dinâmica | EMG* | ||||
5.75% | |||||||
7.84% | 17.04% | ||||||
BNDESPAR | 50.97% | ||||||
11.14% | |||||||
FIA | |||||||
3 | 4 | Total | Dinâmica | ||||
FIA Dinâmica | ON | PN | 15.97% | ||||
32.14% | Others | Others | BNDESPAR | ||||
92.16% | |||||||
63.26% | 3.73% | ||||||
* Minas Gerais State | |||||||
Among the most liquid stocks in Brazil's electricity sector | Best-in-Class Corporate Governance | ||||||
6
April 2024
▪ Listed on New York, São Paulo and Madrid | ▪ Board of Directors - eleven members |
- More than 390,000 shareholders in 36 countries
- Ten members have the characteristics of an
-
Average daily trading volume in 2023
R$139.0 mn in B3 and US$9.0mn (R$44.5 mn) in NYSE
Solid dividend policy
- Payout - 50%
- The minimum annual dividend guaranteed to the preferred shares - R$0,50/share
Independent Board Member, by the criteria
adopted by the Dow Jones Sustainability Indexes
(DJSI) / nine by IBGC
- Present for 24 years in the Dow Jones Sustainability Index (the only company in the sector in Latin America) and main indexes (ISEE, ICO2, IGCX, among others)
C o r p o r a t e P r e s e n t a t i o n - 2 0 2 4
Strong shareholders base assures liquidity | 7 | |
Average daily trading volume in 2023 | ||
Listed on New York, São Paulo and Madrid | ||
R$139,0 mn in B3 and US9,0 mn (R$44.5 mm) in NYSE | More than 390,000 shareholders in 36 countries | |
AMÉRICA DO NORTE
EUROPA
EUA
Canadá
AMÉRICA CENTRAL | (2022) |
Bahamas | CIG US$ 3.8 bn |
Bermuda | CIG.C US$ 62.3 mn |
Ilhas Cayman
AMÉRICA DO SUL
Brasil
Argentina
Chile
Uruguai
(2022) | ÁSIA | |||||||||
XCMIG | ||||||||||
€ 1,3 mn | Brunei | |||||||||
Coreia do Sul | ||||||||||
China | ||||||||||
Japão | ||||||||||
Índia | ||||||||||
ORIENTE MÉDIO | Malásia | |||||||||
Singapura | ||||||||||
Arábia Saudita | ||||||||||
Taiwan | ||||||||||
Emirados Árabes Unidos | ||||||||||
Kuwait | ||||||||||
(2022) | Omã | |||||||||
CMIG4 R$ 30.2 bn | ÁFRICA | |||||||||
CMIG3 R$ 2.3 bn | OCEANIA | |||||||||
África do Sul | ||||||||||
Austrália
Nova Zelândia
Áustria | Malta |
Belgica | Jersey |
Dinamarca | Liechtenstein |
França | Luxemburgo |
Finlandia | Noruega |
Alemanha | Portugal |
Guernsey | Espanha |
Grécia | Suécia |
Holanda | Suiça |
Irlanda | Reino Unido |
Itália |
C o r p o r a t e P r e s e n t a t i o n - 2 0 2 4
Focus on Minas Gerais State | 8 |
8 |
Transf rming lives with our energy
STRATEGY | INVESTMENTS FOCUSED ON MINAS GERAIS, |
SEEKING MAXIMIZATION OF RESULTS | |
THROUGH SUSTAINABLE MANAGEMENT |
C o r p o r a t e P r e s e n t a t i o n - 2 0 2 4
Optimizing capital allocation | 9 |
9 |
Firmly executing our strategic planning - better capital allocation and portfolio optimization
Sales of assets
R$ 795
million
Santo Antônio | Baguari | Retiro Baixo | 15 Small & Local |
hydroelectric plant | hydroelectric plant | hydroelectric plant | Hydro plants |
R$ 55 million | R$ 421 million | R$ 218 million | *R$ 101 million |
Simplified shareholder structure
- R$ 2.9 billion cash inflow from sales since 2019
- R$ 4.9 billion subscriptions in holdings - avoided
- >R$ 1.0 billion in tax credits - gained
- Close as of Feb. 29, 2024
Additional benefits
- Guarantees reduced (Santo Antônio)
- Corporate: R$ 830 million
- Sales: R$ 203 million
- Cash preserved (subscriptions elimination) )
C o r p o r a t e P r e s e n t a t i o n - 2 0 2 4
Sucessful divestment of Aliança Energia's stake
10
Enhancing the efficiency of the investment portfolio and capital allocation discipline
Divestment of a direct 45% stake in Aliança Energia for
R$2.7 billion (as of 06/30/2023)
Operation details
- R$2.7 billion for 45% of Aliança
- Adjusted by CDI rate from 06/30/2023 to closing
- Adjusted by dividends and IOC received until closing
- Approved by EGM in April 2024
- Standard approvals underway (Aneel, CADE)
Further gains
- Right to 45% of future payments to Aliança for HPP Candonga: estimated amount of R$223 million (net of taxes)
- "Closed door" sale (no legacy liabilities)
C o r p o r a t e P r e s e n t a t i o n - 2 0 2 4
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Disclaimer
CEMIG - Companhia Energética de Minas Gerais published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 13:43:04 UTC.