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    Eduardo Lazare • GTI Administração de Recursos

    Eduardo Lazare's questions to ENERGY CO OF MINAS GERAIS (CIG) leadership

    Eduardo Lazare's questions to ENERGY CO OF MINAS GERAIS (CIG) leadership • Q1 2024

    Question

    Eduardo Lazare of GTI asked about the expected expense savings from employee migrations related to post-employment benefits and sought an update on Cemig's leverage targets, particularly its comfort level for net debt to support potential M&A.

    Answer

    CFO and IR Officer Leonardo Magalhães reiterated the focus on managing post-employment costs but did not quantify specific savings. Regarding leverage, he stated the company's target is around 2.5x Net Debt/EBITDA by 2027, a level considered comfortable for maintaining credit quality while allowing room for strategic M&A. He emphasized this strategy supports both robust investments and the company's attractive dividend policy.

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    Eduardo Lazare's questions to ENERGY CO OF MINAS GERAIS (CIG) leadership • Q1 2024

    Question

    An analyst from GTI, identified as Eduardo Lazare, asked about the company's target leverage, its comfort level for potential M&A, and any expected savings from migrations related to post-employment benefits.

    Answer

    CFO Leonardo Magalhães explained that the company's debt policy targets a leverage of approximately 2.5x Net Debt/EBITDA by 2027. He noted this level is considered comfortable, maintaining credit quality while allowing for M&A opportunities. He stated that current low leverage will rise due to the robust investment plan, which in turn will double the asset remuneration base and support the company's position as a leading dividend payer.

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