Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

| --- | --- | |-------|-------| | | | | | | | | | Disclaimer 2 Certain statements and estimates in this material may represent expectations about future events or results, which are subject to risks and uncertainties that may be known or unknown. There is no guarantee that the events or results will take place as referred to in these expectations. These expectations are based on the present assumptions and analyses from the point of view of our management, in accordance with their experience and other facto ...

Start Time: 09:00 January 1, 0000 9:43 AM ET Companhia Energética de Minas Gerais (NYSE:CIG) Q3 2020 Earnings Conference Call November 16, 2020, 09:00 AM ET Company Participants Reynaldo Passanezi Filho - CEO Leonardo George de Magalhães - Chief Finance and IR Officer Paulo Mota Henriques - Chief Generation and Transmission Officer Antônio Carlos Vélez Braga - IR Superintendent Conference Call Participants Operator Ladies and gentlemen, thank you for waiting. Welcome to the Conference Call for Cemig's Third ...

Companhia Energética de Minas Gerais (NYSE:CIG) Q2 2020 Earnings Conference Call August 17, 2020 1:00 PM ET Company Participants Antônio Vélez - Investor Relations Superintendent Reynaldo Passanezi Filho - Chief Executive Officer Leonardo George De Magalhaes - Chief Financial Officer and Investor Relations Officer Paulo Mota Henriques - Chief Generation and Transmission Officer Ronaldo Gomes de Abreu - Chief Distribution Officer Conference Call Participants Marcelo Sá - Itaú Felipe Rached - Goldman Sachs Op ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...

Financial Data and Key Metrics Changes - The company reported a drop of 2% in the volume of electricity sold due to social isolation measures starting in March, which significantly impacted market performance [34] - The EBITDA for the first quarter of 2020 showed a growth of 31%, while the net profit increased by almost 36% compared to the previous year [47] - The company experienced a foreign exchange variation impact of BRL 438 million on cash flow, affecting consolidated results [37] Business Line Data and Key Metrics Changes - For Cemig D distribution, there was a reduction of 2% in EBITDA, with net profit increasing from BRL 188 million to BRL 197 million, reflecting a 5% increase [49] - Cemig GT's adjusted EBITDA was reported at BRL 685 million, with a 38% improvement, while net profit increased by 25% [48] Market Data and Key Metrics Changes - The total drop in payments was reported at 13%, with 8% attributed to the pandemic's effects, indicating a significant impact on revenue collection [25] - The load for Cemig D distribution saw an average reduction of 12.4% in April, while captive consumers experienced an 11.4% drop at the onset of social isolation [26] Company Strategy and Development Direction - The company is focusing on maintaining service continuity and employee safety during the pandemic, with a commitment to improving digital channels and operational efficiency [9][10] - A reduction of 13% in the CapEx program was announced, maintaining a robust investment program close to BRL 1.5 billion [18] - The management is committed to reducing leverage without the immediate need for asset sales, emphasizing liquidity and operational efficiency [64] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges such as lower volumes and increased delinquency due to the pandemic but also highlighted opportunities for digital channel improvements [8][11] - The company expects a gradual recovery in consumption as economic activities resume, with positive trends observed in early May [79] Other Important Information - The company donated BRL 5 million to public and charity hospitals to support pandemic efforts and established special repayment rules for public hospitals [17] - A voluntary redundancy program was announced, with expectations of a payback within eight months [52] Q&A Session Summary Question: Cost reduction measures and asset divestment plans - Management confirmed ongoing cost reduction efforts and stated that while asset sales are not a priority now, non-core assets remain available for future divestment [60][63] Question: Covenant calculations and bondholder negotiations - Management clarified that covenant calculations are included in bond contracts and that there is no controversy regarding the treatment of hedges in these calculations [66][68] Question: Profit sharing program and ABA expectations - Management explained that the profit sharing program is now set at 4% without additional non-recurring adjustments, and ABA performance is expected to be influenced by overdue bills due to COVID [71][74] Question: Delinquency trends and low-income consumer revenue - Management indicated that low-income consumers represent approximately BRL 25 million per month, and early May showed improved collection trends compared to April [78] Question: Free client contracts and pricing pressures - Management discussed the complexities of negotiating with free clients and acknowledged that pricing pressures have increased due to the pandemic [81][87] Question: Changes in top management - Management stated that recent changes in top management were due to mutual agreements and not indicative of a strategic shift [88] Question: COVID account and financial economic rebalance - Management is awaiting the final decree regarding the COVID account and anticipates discussions with regulatory agencies about financial rebalancing due to pandemic impacts [90][92]

Companhia Energética de Minas Gerais (NYSE:CIG) Q3 2019 Results Conference Call November 18, 2019 12:00 PM ET Company Participants Antônio Vélez - Investor Relations Daniel Faria Costa - Ambassador and CFO and IRO Ronalde Xavier Moreira Júnior - Corporate Control and Planning Paulo Eduardo Pereira Guimarães - Corporate Finance Management Leonardo Felipe Mesquita - Head of the Business Accounting Conference Call Participants Andre Sampaio - Santander Marcelo Sá - Itaú Antônio Vélez Good afternoon, everyone. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE AC ...