CEMIG(CIG)2025-03-21 21:49Financial Data and Key Metrics Changes - The company achieved a record EBITDA of BRL 11.3 billion, marking a significant increase compared to the previous year [7][24] - Net profit reached nearly BRL 1 billion, influenced by higher investments and increased tax payments due to higher profits [32] - The company reported a total debt of BRL 9.9 billion, with a stable debt cost around 12% [33][35] Business Line Data and Key Metrics Changes - The distribution segment showed an improvement in EBITDA, while the trading segment experienced a decline due to lower margins [50] - The company reported a reduction of 2.5 hours in the DEC indicator, reflecting improved service delivery [27] - The generation segment also saw adjustments, with trading margins down compared to the previous year [50] Market Data and Key Metrics Changes - The company noted a favorable hydrology in November and December, which positively impacted energy demand [39] - The captive market experienced a slight reduction of 0.6%, while the free market continued to grow [40] - The company is a leader in Brazil's retail trading market, both in terms of transaction volume and energy transacted [41] Company Strategy and Development Direction - The company is focused on a bold investment program, planning to invest BRL 59.1 billion from 2019 to 2028, significantly above regulatory depreciation [14] - There is a strong emphasis on sustainability, with the company being recognized for its clean energy matrix and various sustainability achievements [21][22] - The company is also working on digital transformation and regionalization to improve service quality and operational efficiency [54][56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's transformation and sustainability, highlighting the importance of infrastructure investment for regional development [9][18] - The company is open to negotiations regarding health care plans and is actively engaging with unions [68] - There are ongoing discussions regarding potential privatization, with management cooperating with the Economic Development Secretariat [73] Other Important Information - The company plans to distribute BRL 5 billion in dividends, reflecting strong financial performance [20] - The company has made significant progress in reducing operational expenses, ending the year with BRL 156 million lower than regulatory limits [46] - The company is committed to maintaining compliance with regulatory standards and improving operational efficiency [43] Q&A Session Summary Question: Can you comment on the negotiations regarding health care plans and updates on divestments? - Management confirmed ongoing negotiations with unions regarding health care plans and mentioned divestments related to Taesa and Belo Monte [62][71] Question: How is the union behaving in negotiations, and what about exposure in sub-markets? - Management stated they are open to negotiations and have been in contact with the union, while also addressing exposure to price differences in energy trading [77][79]