CEMIG(CIG)2024-08-23 16:52Financial Data and Key Metrics Changes - The company's market value increased from BRL 10 billion to almost BRL 36 billion, with BRL 12.7 billion paid in dividends during this period [4][8] - The PN shares rose by 394% and ON shares by 437% [4][8] - The net debt over EBITDA ratio improved from 3.2 times to 1 time, and the company's rating increased by six notches to AA+ [34] Business Line Data and Key Metrics Changes - The company executed the largest CapEx plan in its history, amounting to BRL 49 billion, with BRL 13.6 billion already invested by 2023 [27][31] - Investments are focused on regulated businesses, with 80% of the BRL 49 billion allocated to distribution, transmission, and natural gas [29] Market Data and Key Metrics Changes - The company has seen a significant increase in market share, with EBITDA rising from 3.7% to close to 8% and net income increasing from 5.8% to 16.1% [33] - The company is now a leader in trading and aims to maintain this position in both the free and retail markets [32] Company Strategy and Development Direction - The company is focused on privatization as a long-term strategy to unlock more value [13][40] - The strategic plan emphasizes concentrating investments in Minas Gerais, with a commitment to customer-centric operations [28][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in future growth, citing ongoing improvements in operational efficiency and customer service [12][38] - The company aims to enhance its competitive position by focusing on regulated investments and improving service quality [29][30] Other Important Information - The company has divested from minority holdings outside Minas Gerais, recovering BRL 13 billion and allowing for increased investments in its core operations [26][28] - The management highlighted significant technological advancements and improvements in customer service systems [17][36] Q&A Session All Questions and Answers Question: What is the outlook for privatization? - Management confirmed that privatization remains a key focus, with the goal of enhancing the company's value and operational efficiency [13][40] Question: How is the company addressing customer service improvements? - The company is implementing new technologies and systems to enhance customer interactions and service delivery [17][36] Question: What are the expectations for future investments? - The company plans to continue its aggressive investment strategy, particularly in regulated sectors, to improve service quality and operational capacity [29][31]