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Earnings Call Summary | Energy Company of Minas Gerais(CIG.US) Q1 2024 Earnings Conference

Earnings Call Summary | Energy Company of Minas Gerais(CIG.US) Q1 2024 Earnings Conference

财报电话会议摘要 | 米纳斯吉拉斯州能源公司 (CIG.US) 2024 年第一季度财报会议
moomoo AI ·  05/15 23:47  · 电话会议

The following is a summary of the Companhia Energética De Minas Gerais - CEMIG (CIG) Q1 2024 Earnings Call Transcript:

以下是米纳斯吉拉斯州能源公司——CEMIG(CIG)2024年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • CEMIG reported a decline in its Q1 2024 recurring EBITDA by 4% due to increased operational expenses and a divestment of nonstrategic assets.

  • Net profit saw a reduction due to impacts from foreign exchange and an increase in Cemig distribution depreciation due to the enlarged asset base.

  • They generated operating cash at an average of BRL 2 billion per quarter, resulting in a cash position of BRL 4.5 billion by Q1's end.

  • CEMIG报告称,由于运营支出增加和非战略资产撤资,其2024年第一季度的经常性息税折旧摊销前利润下降了4%。

  • 由于外汇的影响,净利润有所减少,以及由于资产基础扩大,Cemig的分销折旧增加。

  • 他们平均每季度产生20亿雷亚尔的运营现金,到第一季度末,现金状况为45亿雷亚尔。

Business Progress:

业务进展:

  • The company experienced 4.4% growth in the energy market, encompassing both transported energy and captive market growth.

  • Focused on its core business, CEMIG plans to divest from minority stakeholdings and nonstrategic assets while investing in distribution, generation, and transmission.

  • They completed the disposal of Aliança Energia for BRL 2.7 billion and plan to dispose of four more plants in July 2024.

  • CEMIG has become 100% renewable and intends to start operations at two significant photovoltaic generation solar plants in July 2024.

  • A massive BRL 35 billion investment program is underway up to 2028 with around 75% of funds already contracted or under the bidding process. In 2024, investments are expected to surge to BRL 6 billion layered against the BRL 1 billion invested in 2018.

  • CEMIG is deploying resources and initiatives to enhance service provision and operational efficiency, including an ongoing digital transformation process and an increased focus on renewable investments.

  • 该公司的能源市场增长了4.4%,包括运输能源和专属市场的增长。

  • CEMIG专注于其核心业务,计划从少数股权和非战略资产中剥离,同时投资配电、发电和输电。

  • 他们以27亿巴西雷亚尔完成了对阿里安卡能源的处置,并计划在2024年7月再处置四座工厂。

  • CEMIG已实现100%的可再生能源,并打算在2024年7月开始运营两座重要的光伏发电太阳能发电厂。

  • 到2028年,一项350亿巴西雷亚尔的大规模投资计划正在进行中,其中约有75%的资金已经签约或正在竞标中。2024年,投资额预计将激增至60亿雷亚尔,而2018年的投资额为10亿雷亚尔。

  • CEMIG正在部署资源和举措以提高服务提供和运营效率,包括持续的数字化转型过程和对可再生能源投资的更多关注。

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