Companhia Energética de Minas Gerais - CEMIG (CMIG4) Investor presentation summary

Strategic positioning and business model

• Operates as one of Brazil's largest integrated utilities, serving over 9.6 million customers across 774 municipalities, with a balanced portfolio in distribution, generation, trading, transmission, and natural gas.

• Maintains a verticalized platform with strong presence in Minas Gerais and assets in 26 Brazilian states and the Federal District.

• Holds a local AAA credit rating, with low leverage and disciplined financial management.

• Distribution concession extended to 2045, transmission to 2043, and gas to 2053, ensuring long-term operational stability.

• Focuses on clean energy, with 100% of its portfolio from renewable sources.

Financial performance and investment

• EBITDA reached R$ 7,496 million in 1H26, with strong cash flow and recurring high dividend yields (up to 15.1%).

• Net leverage remains low, with net debt/EBITDA at 1.58 for generation/transmission and 2.89 for distribution.

• Investment plan for 2026–2030 exceeds R$ 44 billion, prioritizing distribution (R$ 29 billion), generation, transmission, distributed generation, and gas.

• R$ 3.3 billion invested in 1H26, up 19.2% YoY; total R$ 25.7 billion invested from 2019 to 2025.

• Dividend policy guarantees a minimum 50% net income payout, supporting attractive shareholder returns.

Operational highlights and efficiency

• Largest electricity distribution network in South America, with over 590,000 km of grid and 508 substations as of 1H26.

• Regulatory OPEX and energy losses remain below regulatory limits, with continuous improvements in quality indicators (DEC/FEC).

• Major digitalization and modernization initiatives, including installation of 1.25 million smart meters and expansion of remote telecontrol.

• Rural and urban programs target network resilience, automation, and improved service quality.

• Distributed generation leadership in Minas Gerais, with over 390,000 DG units connected and 5.12 GW installed power.