Q4 2024 Energy of Minas Gerais Co Earnings Call Transcript

Mar 21, 2025 / 06:00PM GMT

Release Date Price: €1.85 (+3.93%)

Transcript

Key Points

Positve

Cia Energetica DE Minas Gerais - Cemig (CIG) achieved the highest EBITDA and net profit in its history for 2024, marking a significant financial milestone.
The company received a AAA rating, the best in its history, reflecting strong financial health and investor confidence.
Cemig's investment in infrastructure and regulated sectors reached BRL5.7 billion, contributing to increased profitability and sustainability.
The company successfully completed a divestment program, including the sale of Alianca Energia, positively impacting financial results.
Cemig's commitment to sustainability is evident with its inclusion in the DJSI for the 25th consecutive time and achieving top scores in transparency criteria.

Negative

Cemig experienced a drop in trading company margins, resulting in a BRL600 million decrease in EBITDA compared to the previous year.
The company faced higher tax payments due to increased net profits, impacting overall financial results.
There was a reduction in the cubic meter volume for industrial clients, negatively affecting the gas segment's performance.
Cemig's debt profile showed a slight increase in leverage, which is expected to rise further with ongoing investment programs.
The company is still working on divestments and strategic planning, indicating ongoing restructuring efforts that may pose challenges.

Carolina Senna

Energy of Minas Gerais Co - Investor Relations Superintendent

Good afternoon, everyone. I'm Carolina Senna, CEMIG's, Investor Relations Superintendent. Welcome to CEMEG's fourth quarter 2024 earnings video conference call. We informed that this video conference is being recorded and will be available on the company's IR website where you will also find the company's presentation. We inform you that if you need simultaneous interpreting, the feature is available by clicking on the globe icon located on the bottom of the screen.

Upon choosing interpretation, select the language of your choice, Portuguese, or English. Should you choose to follow the call in English, you may also select mute original audio. We are now starting some CEMIS's video conference with Reynaldo Filho, CEO; Leonardo Magalhaes, CFO and IR officer; Cristiana Maria Fortini Pinto e Silva, Chief Legal and Regulatory Officer; Marco da Camino Ancona Lopez Soligo, Chief Participation Officer, and also Generation and Transmission Officer; Sergio Lopes Cabral, Chief Commercialization Officer.

And for the

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