Why Invest in Cemig

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#1L 安 CEMIG CEMIG Successful Strategy Performance reflects balanced portfolio structure 2016 CIG CIG.C LISTED LISTED NYSE NYSE#2Disclaimer CEMIG Some statements and estimates in this material may represent expectations about future events or results that involve risks and uncertainties known and unknown. There is no guarantee that the events or results referred to in these expectations will occur. These expectations are based on present assumptions and analyses from the viewpoint of our management, based on their experience, the macroeconomic environment, market conditions in the energy sector and our expected future results, many of which are not under Cemig's control. Important factors that can lead to significant differences between actual results and projections about future events or results include Cemig's business strategy, Brazilian and international economic conditions, technology, Cemig's financial strategy, changes in the energy sector, hydrological conditions, conditions in the financial markets, uncertainty regarding future results of operations, plans and objectives as well as other factors. Because of these and other factors, our actual results may differ significantly from those indicated in or implied by these statements. The information and opinions contained herein should not be understood as a recommendation to potential investors and no investment decision should be based on the truthfulness, or completeness as of the date hereof of this information or these opinions. None of Cemig's professionals nor any of their related parties or representatives shall have any liability for any losses that may result from the use of the content of this presentation. To evaluate the risks and uncertainties as they relate to Cemig, and to obtain additional information about factors that could lead to different results from those estimated by Cemig, please consult the section on Risk Factors included in our Formulário de Referência filed with the Brazilian Securities Commission - CVM, and in Form 20-F filed with the U.S. Securities and Exchange Commission - SEC. All figures are in BR GAAP. 2#3Brazil's Leading Power Utility #1 Integrated Power Utility in Brazil #4 (2) Market cap US$ 2.8(1) B. +56% Growth in EBITDA 2008-14 Role in Leading industry consolidator In the Power Industry since 1952 (1) As of March 28th, 2016 (2) In the Brazilian Energy Industry CEMIG 3#4Cemig: Strength in Numbers (1) 105 Power plants 78 23 1 ✈ 3 | 7.7 GW Total installed capacity 532,000 km Electricity Distribution lines 9,500 km Power Transmission lines (1) The Power Plant is not yet operating commercially CEMIG#5Cemig at a Glance • Based in State of Minas Gerais, controlling shareholder - Assets in 23 Brazilian states and Chile Strong financial profile: - 2015 2014 Net revenues: R$21.3 B EBITDA: R$4.9 B Net revenues: R$19.5 B EBITDA: R$6.4 B Highest liquidity in the sector listed on 3 stock exchanges New York, São Paulo, Madrid More than 120,000 shareholders in more than 40 countries Average Daily Trading Volume in 2015 R$45.4M in Bovespa and US$12.4M in NYSE Solid dividend policy - Minimum 50% payout ratio Every two years, may pay extra dividends, if cash conditions permit Shareholder Structure: GOVERNO DE MINAS ON-51% PN-0% AGC Energia S.A. BNDESPAR Other stockholders ON - 20% PN-3% ON -13% PN-3% ON-16% PN-94% CEMIG A Melhor Energia do Brasil. CEMIG 5#6Cemig is Uniquely Positioned The Brazil advantage An Emerging Powerhouse Economy #1 Latin American economy #7 Ranking of economy in world (1) R$5.9 Trillion GDP 2015 -3.66% GDP growth 2016(2) 206 M Population (1) World Bank (2) Brazil's Central Bank Focus Report, March 24th 2016 6 CEMIG#7Cemig is Uniquely Positioned Unmatched scale #1 Electricity Distributor Largest Integrated Utility in Brazil #1 Largest Power Transmission Group #3 Largest Power Generation Group #1 Integrated Power Utility in Brazil RR AP AM PA O CEMIG MA RN D= CE PB Pl PE TO AL BA SE AC RO MT DF MG GO Power Generation Power Generation (under construction) Power Transmission ☑ Power Transmission (under construction) Electricity Distribution Presence in 23 states Cemig "Free Consumer" Clients Wind Power Generation Natural Gas Distribution Telecom Backbone Provider 1 MS SP and Chile RS PR SC От D ES RJ 7#8Cemig is Uniquely Positioned Diversified portfolio Diversified, Low Risk Business Portfolio Breakdown of Ebitda 2015 4.172 2014 3.791 1.570 1.045 774 592 -854 Generation ■Transmission ■Distribution Most of the revenues are inflation protected Others CEMIG 245 8 00#9Leader in Renewable Hydro Power Energy Renewable Leader Power Generation by Source 27% 7% 3% 17% 63% 11% 95% 2% 45% 28% 2% World 12 Brazil 14 Cemig 14 Fossil Source Fuels Nuclear Hydro Others Source: EPE [BEN 2011 - Preliminar Results and IEA [Key World EnergyStatistics-2010] CEMIG 9#10CEMIG Best-in-Class Corporate Governance Strong governance ✓ Minas Gerais, controlling shareholder - a positive influence . • one of fastest growing, investor-friendly states in Brazil growth and profitability interest aligned with minority shareholders • 7 from a total of 15 members are appointed by minority shareholders ✓ Pro-market corporate bylaws include • Minimum 50% dividend payout • Capex limited to 40% of EBITDA • Net debt limited to 2.5x EBITDA • Net debt limited to 50% of total cap. ✓ Leader in sustainability • Only Latin American utility in DJSI - Dow Jones since 1999 Included in the ISE - Bovespa Sustainability Index since 2005 Present in the Global Dow Index Minas Gerais 10#11Growth in EBITDA - Guidance R$ million 5.351 4.238 5.186 6.382 4.954 2011 2012 2013 2014 2015 CEMIG EBITDA Margin: 23.3% 11#12Net Income Continues to Expand R$ million 2.415 4,272 2.700 3.104 3.137 2.492 2011 2012* 2013 2014 2015 CEMIG Net Margin: 12% 12#13Attractive and Secure Dividend Payout Dividend Payout (% of Net Income) Paid -Average Policy 106 33 93 89 142 85 85 10,4 53 50 25 12,4 Dividend Yield (%) CEMIG 22,0 23,5 9,2 4,6 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 13#14Strong Balance Sheet to Support Growth CEMIG 2.4x Net debt to EBITDA 0.4% Debt in foreign currency(*) Cash on hand R$3.4B R$21.3B Net Revenue - 2015 *Net of financial hedging 14#15EBITDA Guidance - 2015/2019 10000 9000 Constant June 2015 R$ million 8000 6.834 7000 6.099 5.943 5.947 5.983 5.981 6000 5000 5.435 4000 4.612 4.643 4.687 4.730 3000 2000 Source: Cemig. 1000 2015 2016 2017 2018 2019 CEMIG The figure of R$ 6,099 million excludes the non-recurring gain of R$ 735mn resulting from the Aliança transaction. 15#16Cemig consolidated debt profile R$ million Maturities timetable - Average tenor: 2.8 years Total net debt: R$11.7 billion 6.300 2.628 2.493 806 963 780 532 665 2016 2017 2018 2019 2020 2021 2022 After 2022 Real cost of debt - % 13,38 13,88 14,28 12,51 11,74 9,81 10,32 26% Main indexors 2%1% 71% Leverage -% CEMIG CDI IPCA URTJ RGR/Others 1,40 1,80 1,80 2,40 1,75 1,80 1,67 Net debt Ebitda 4,51 4,55 5,03 4,08 4,16 4,50 3,74 50,7 39,2 42,3 48,4 45,4 47,4 Net debt 43,8 2012 2013 2014 Mar-15 Jun-15 Sep-15 2015 Real -Nominal Jun-14 Sep-14 2014 Mar-15 Jun-15 Sep-15 2015 Stockholders' equity + Net debt 16#17Cemig GT - debt profile R$ million Maturities timetable - Average tenor: 2.4 years Total net debt: R$5.5 billion 2.831 2.097 1.718 311 297 305 152 27 2016 2017 2018 2019 2020 2021 2022 After 2022 Real cost of debt - % Main indexors 1% 16% 83% Leverage - % CEMIG CDI IPCA Others 12,11 12,57 13,42 13,63 14,41 1,36 1,52 1,31 11,14 10,76 0,89 0,93 1,15 1,30 Net debt Ebitda 5,09 4,66 5,37 4,12 4,19 4,35 59,9 63,8 3,66 55,6 Net debt 47,7 50,1 48,3 54,1 2012 2013 2014 Mar-15 Jun-15 Sep-15 2015 Real Nominal Jun-14 Sep-14 2014 mar/15 jun/15 Sep-15 2015 ך Stockholders' equity + Net debt 17#18Cemig D - debt profile R$ million Maturities timetable - Average tenor: 3.2 years Total net debt: R$6.4 billion 3.346 Main indexors 3%1% 622 634 634 638 476 464 206 2016 2017 2018 2019 2020 2021 2022 After 2022 Real cost of debt - % 38% Leverage -% CEMIG ■ CDI IPCA RGR Other 58% 13,52 14,24 14,31 7,56 7,23 12,60 11,47 3,90 3,87 4,36 4,51 6,10 9,56 9,98 Net debt Ebitda 5,19 4,40 4,79 4,20 4,29 4,68 4,01 67,2 69,0 69,4 69,0 70,3 69,4 70,4 Net debt 2012 2013 2014 Mar-15 Jun-15 Sep-15 2015 Real Stockholders' equity + Net debt Jun-14 Sep-14 2014 Mar-15 Jun-15 Sep-15 2015 18#19Superior credit capacity In Mar 2016 Fitch Ratings AA-(bra) CEMIG AA-(bra) Cemig H, Cemig GT and Cemig D National Scale Investment Grade Speculative Grade AAA AA+ AA AA- A+ A A- BBB+ BBB BBB- BB+ BB BB- B+ B B- CCC CC C RD/D A2.br Ba3 Cemig H, Cemig GT and Cemig D Cemig H, Cemig GT and Cemig D National Scale Global Scale Grau de Investimento Grau Especulativo Aaa Aa1 Aa2 Aa3 A1 A2 A3 Baal Baa2 Baa3 Ba1 Ba2 Ba3 B1 B2 B3 Caal Caa2 Caa3 Ca C STANDARD & POOR'S brA BB- Cemig H, Cemig GT and Cemig D Cemig H, Cemig GT and Cemig D National Scale Global Scale AAA AA+ AA A+ Grau de Investimento AA- Grau Especulativo A A- BBB+ BBB BBB- BB+ BB BB- B+ B B- CCC+ CCC CCC- CC C D Solid fundamentals assured by excellent financial management, stable profitability, strong cash generation and robust corporate governance. 19#20Why Invest in Cemig CEMIG Leading power utility in Brazil Powerful drivers fueling growth Sound Balance Sheet Consistent profitable track record Strong Dividend Policy World Leader in Sustainability 20 20#21Strong shareholders base assures liquidity Average daily trading volume of shares in 2015 Bovespa: NYSE: R$45.4 million US$12.4 million North America Canada USA Central America Bahamas Bermuda Cayman islands South America Argentina Brazil Chile Uruguay CEMIG EUROPE Austria Belgium Germany Guernsey Italy Malta Portugal Spain Denmark Greece Jersey Sweden France Holland Liechtenstein Switzerland Finland Ireland Luxembourg UK ASIA Norway NYSE (2015) LATIBEX (2015) XCMIG € 25.3 million CIG US$ 3.1 billion CIG.C US$ 1.5 million Middle East UAE Kuwait Oman Saudi Arabia BOVESPA (2015) CMIG4 R$ 10.9 billion CMIG3 R$ 232 million Africa South Africa OCEANIA Australia New Zeland Brunei Japan India Malaysia Singapore South Korea Taiwan China ■ Shares traded on 3 stock exchanges ■ Over 120,000 stockholders in more than 40 countries 21 24#22The blend of shareholders provides long term perspective CEMIG ■ Our shareholder diversity provides a global business management vision focused on sustainability of the company's activities ■Listed in major stock exchanges ■ BOVESPA (Brazil), NYSE (USA) and LATIBEX (Spain) Total shares 1,258,841 thousand Total Shares PN 67% ON 33% Common - ON 420,764 thousand Preferred - PN 838,076 thousand 2% ON PN 0% 3% Free float Free float 27% 206,187 thousand (49%) 826,957 thousand (98,7%) 51% 72% 20% ADR CIG.C 462 thousand Share nominal value = R$5.00 ADR CIG 284,918 thousand ADR outstanding approximately 22% of total shares and 34% of PN shares 1 ADR 1 share in Bovespa = ON shares have voting rights 25% MG government I AGC Energia SA Local Investors International Investors 22#23CEMIG GT - Ebitda Guidance - 2015/2016 5.500 5.000 4.500 4.095 4.000 3.500 3.000 2.500 2.000 1.500 Year 2015 Lower limit Upper limit 3,721 4,830 1.000 2016 2,911 3,939 500 Source: Cemig. 2015 2016 Constant June 2015 R$ million The figure of R$ 4,095 million excludes the non-recurring gain of R$ 735mn resulting from the Aliança transaction. CEMIG 23#24CEMIG D - Ebitda Guidance - 2015/2016 CEMIG 2.250 2.000 1.750 1.500 1.250 1.000 750 500 250 0 Source: Cemig. Constant June 2015 R$ million 2015 Year Lower limit Upper limit 2015 1,046 1,336 2016 1,094 1,398 2016 24#25Brazilian National Grid: projections made in 2015 for 2015-19 CEMIG MW-average 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 2015 2016 2017 2018 2019 Surplus% 10.5% 8.4% 9.0% 11.6% 12.3% Surplus 6.854 5.682 6.243 8.452 9.295 Reserve 1.689 1.815 2.211 2.575 2.575 Thermal 15.642 15.626 15.939 16.440 19.028 Wind/BIO 3.560 3.453 4.122 5.133 5.899 Hydro 52.689 54.062 55.898 59.452 59.908 Total of Supply 73.580 74.956 78.170 83.600 87.410 Market 64.979 67.459 69.717 72.573 75.541 Source: PMO (Monthly Operation Program), May 2015. Analysis developed. Cemig, based on forecast GDP growth of 2.5% over 2015-2019 (1st four-month revision, 2015). Assumes withdrawal of the thermal projects that sold supply in the 'new-build' auctions and were not 25#26Cemig GT: Supply/demand CEMIG Average MW Excess accounted in the spot market in 2014 5.500 382 5.000 1.850 1.607 1.707 4.500 658 1.759 938 698 1.922 858 698 Probable renewals 4.000 778 174 412 1.053 1.135 1.023 I 525 3.500 707 2.148 663 931 638 3.000 1.451 2.664 3.181 2.797 425 2.500 425 3.552 1.597 1.636 225 2.125 2.000 2.863 Own resources* 2.797 25 1.500 2.630 2.537 25 2.143 1.865 1.000 237 1.459 1.317 714 500 579 528 253 253 253 253 253 253 253 253 0 440 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Available for sales or trading Intermediation of contracts Sales in Free Market (Free Consumers, and Traders) Operational agreement Sales in regulated market (distributors) (*) Assumes exclusion of the hydroelectric plants of which the second concession period expires in the coming years. Includes the Jaguara, São Simão and Miranda hydro plants. Takes into account transfer of assets and contracts to Aliança Geração de Energia S.A. 26#27Cemig GT: Supply/demand CEMIG Average MW Excess accounted in the spot market in 2014 5.500 382 5.000 4.500 658 174 82 412 4.000 140 Probable renewals 81 525 3.500 707 931 663 638 153 3.000 1.451 425 1.597 1.636 2.125 3.552 425 2.500 2.863 379 2.797 2.630 225 895 2.537 2.000 1.028 2.143 25 1.412 1.865 1.500 25 1.459 237 1.000 1.317 714 500 579 Own 528 253 253 253 253 253 253 253 253 resources* 0 110 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Available for sales or trading Intermediation of contracts Sales in regulated market (distributors) Sales in Free Market (Free Consumers, and Traders) Operational agreement (*) Assumes exclusion of the Hydroelectric Plants of which the first or second concession periods expire in coming years. Takes into account transfer of assets and contracts to Aliança Geração de Energia S.A. 27#28Average prices and the GSF (Generation Scaling Factor) CEMIG Prices - R$/MWh 400 1,20 1,03 1,00 1,02 350 0,93 1,00 300 0,83 250 0,80 215 188 182 184 200 177 0,60 150 0,40 100 0,20 50 2015 2016 2017 2018 2019 Average price -GSF Constant June 2015 R$ Source: Cemig. 28#29*Source: ONS Jan-13 Feb-13 Mar-13 450 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Northeast North South Jul-14 Aug-14 by region (%)* Level of reservoirs (%) CEMIG Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Southeast/Midwest 29 34,66 58,28 58,40 97,6#30Level of reservoirs (%)* Southeast/Midwest region (%) CEMIG 100 90 80 70 61,5 60 50 45,0 41,6 40,3 40 37,0 30 26,5 23,0 20 18,7 10 99/2000 -*-07/2008 0 Out 16,0 38,8 324 36,3 34,6 34,4 33,5 36,2 34,0 28,5 20,6 19,4 16,8 -00/2001 ->-08/2009 01/2002 ―09/2010 -02/2003 10/2011 03/2004 -11/2012 Fev Mar Abr Nov Dez Jan 48,7 47,9 30.8. X25,3 20,6 04/2005 -12/2013 ―05/2006 --13/2014 06/2007 14/2015 Mai Jun Jul Ago Set *Source: Cemig 30#31Minas Gerais state - Main Rivers and Plant Legenda Eólica Hidro Cemig A Hidro Consórcio Queimado A Hidro Controlada • Térmica Cemig • Térmica Controlada Grupo CEMIG Pandeiros Santa Marta Minas Gerais Irapé CEMIG Central Eólica Volta do Rio Central Eólica Praia do Morgado Central Eólica Praias de Parajuru Machado Mineiro Ceará Poquim Três Marias Pissarrão Santa Luzia Emborcação São Simãapim Branco II Martins Salto Morais Lages Capim Branco | Miranda Nova Ponte Paraúna Tronqueiras Morro do Camelinho Salto Grande Pai Joaquim Igarapava Volta Grande. Jaguara A Baguari Dona Rita Porto Estrela Cachoeirão Sá Carvalho UTE Igarapé UTE Barreiro Sumidourd ▲ Pipoca Cajuru Peti Bom Jesus do Galho Rio de Pedras Salto do Paraopeba Aimorés Espírito Santo Bosal UTE Ipatinga . Gafanhoto Anil Funil Poco Fundo xicão Itutinga Camargos Piau São Paulo Jacunga Luiz Dias São Bernardo Joasal Paciência Marmelos Rio de Janeiro A Paracambi Complexo de Lajes Itaocara Ilha dos Pombos, Santa Branca www.the 0 0.3 0.6 1,2 1,8 2,4 km Salto Voltão Salto do Passo Velho Santa Catarina 0 75 150 300 450 600 km 0 0,375 0,75 1,5 2.25 3 km 31#320 100 jan/12 fev/12 mar/12 300 200 abr/12 mai/12 jun/12 jul/12 900 800 700 600 500 400 Brazil: electricity spot price - monthly average (R$/MWh) 655,52 да A ago/12 set/12 out/12 nov/12 dez/12 dez/12 163,94 ww Monthly average spot price, R$/MWh 2012 average jan/13 fev/13 mar/13 abr/13 mai/13 jun/13 jul/13 ago/13 set/13 out/13 nov/13 dez/13 jan/14 fev/14 mar/14 abr/14 260,92 mai/14 jun/14 jul/14 ago/14 set/14 out/14 nov/14 dez/14 jan/15 fev/15 mar/15 2015 average 2013 average 2014 average abr/15 mai/15 jun/15 jul/15 ago/15 set/15 out/15 nov/15 dez/15 jan/16 fev/16 32 2016 average mar/16 280,35 35,66 94,05 CEMIG#33Contracts maturing of generation plants. 2nd maturity: # Type Plant Expiry of concession Installed Assured energy capacity (MW) (average MW) Historic cost 09.30.2015 Deemed Cost 09.30.2015 1 HPP Volta Grande Feb/2017 TOTAL 2nd renewal 380 380 229 229 1st maturity: Expiry of Installed Assured energy # Type Plant concession capacity (MW) (average MW) 1 HPP São Simão Jan/2015 1,710 1,281 23 HPP Jaguara Aug/2013 424 336 HPP Miranda Dec/2016 408 202 TOTAL 1st renewal 2,542 1,819 CEMIG 33#34Cemig GT won Lot D in the Auction held in November 2015 CEMIG Concession Grant Fee: total of R$ 2.26 billion Installed capacity Assured energy Plant ✓ 1st tranche (65%): January 4, 2016 R$ 1.47 billion (MW) (MW) Três Marias 396,0 239,0 ✓ 2nd tranche (35%): in up to 180 days - R$ 779 million Salto Grande 102,0 75,0 Itutinga 52,0 28,0 Total of 18 plants with installed capacity of of 699.57 MW (Assured energy 421.3 MW) ✓ 100% of the physical offtake guarantee to go to the Regulated Market from January 1 to December 31, 2016; ✓ as from January 1, 2017 this reduces to 70%. ➤ Revenue received by Cemig GT for provision of the service: R$ 498.6 million/year ✓ Comprises: Fee for Management of Generation Assets ('GAG'); and Yield on Concession Grant Fee ('RBO'). ➤Cemig further expects to receive payment for its electricity generation assets not yet amortized or not depreciated. Camargos 46,0 21,0 Piau 18,0 13,5 Gafanhoto 14,0 6,7 Peti 9,4 6,2 Tronqueiras 8,5 3,4 Joasal 8,4 5,2 Martins 7,7 1,8 Cajuru 7,2 3,7 Ervália 7,0 3,0 Neblina 6,5 4,7 Coronel Domiciano 5,0 3,6 Paciência 4,1 2,4 Marmelos 4,0 2,7 Dona Rita 2,4 1,0 Sinceridade 1,4 0,4 Total 699,6 421,3 34#35Contracts maturing of transmission facilities # TBE 1 -23456789 Plant EBTE LT Juína-Brasnorte ETEP-LT Tucuruí - Vila do Conde ENTE - LTS Tucuruí - Marabá - Açailândia ERTELT Vila do Conde - Santa Maria EATE - LT Tucuruí - Presidente Dutra ECTE LT Campos Novos - Blumenau STC LT Barra Grande Lumitrans LT Machadinho ESDE - LT Barbacena2-Juiz de Fora 1 (Projeto em andamento) Taesa Location Expiry of concession Mato Grosso out/38 Pará Pará/Maranhão jun/31 dez/32 Pará dez/32 Pará jun/31 Santa Catarina nov/30 Santa Catarina jun/36 Santa Catarina jul/34 Minas Gerais nov/39 11 19 0123456782 TSN Goiás/ Bahia dez/30 Munirah Bahia fev/34 Gtesa Pernambuco Paraíba jan/32 Patesa Rio Grande do Norte dez/32 NVT Maranhão/Distrito Federal dez/30 ETAU Santa Catarina/Rio G. do Sul dez/32 ETEO São Paulo mai/30 Brasnorte Mato Grosso mar/38 STE Rio Grande do Sul dez/32 ATE Paraná/São Paulo fev/34 ATE II Tocantins/Piauí/Bahia mar/35 ATE III Tocantins/Pará mar/36 São Gotardo (Projeto em andamento) Minas Gerais ago/42 Others 2222222 24 25 26 27 28 Transchile LT Charrua - Nueva Temuco Centroeste de Minas - LT Furnas - Pimenta Rede Básica Sub-Estação - SE Itajubá - 3 Transleste - LT Irapé- Montes Claros Transudeste - LT Itutinga - Juiz de Fora Chile mai/28 Minas Gerais mar/35 Minas Gerais jul/15 Minas Gerais out/30 Minas Gerais fev/34 Minas Gerais mar/35 29 Transirapé - LT Irapé - Araçuaí Minas Gerais mar/35 CEMIG 35#36Losses Total Losses 5,583 6,019 5,619 5,491 5,521 5,611 11.13 11.00 11.30 11.38 11.69 12.52 2.78 2.20 2.19 2.45 2.79 3.06 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Technical Losses Total Losses (GWh) Non-technical losses/Total load (%) Total losses /Total load (%) CEMIG Non-technical losses / Total low voltage market 1,473 1,350 1,337 1,211 1,113 1,093 10.48 10.48 10.48 10.48 10.48 10.48 7.63 7.63 8.93 8.81 8.85 8.60 9.46 8.90 4,507 4,397 4,372 4,171 4,545 4,274 5.92 5.74 TH 7.85 7.63 7.63 7.14 7.63 7.63 7.11 6.36 Sep-14 Dec-14 Sep-15 Dec-15 Technical losses (GWh) -Regulatory losses Mar-15 Jun-15 Sep-15 Dec-15 Sep-14 Dec-14 Mar-15 Jun-15 Technical losses/Total load (%) Regulatory losses - low voltage (%) Non-technical losses (GWh) Non-technical losses/Low voltage (%) 36#37Investor Relations Phone Number: (55-31) 3506-5024 Fax: (55-31) 3506-5025 Email: [email protected] Website: http://ri.cemig.com.br CEMIG CMIG3 NÍVEL 1 A Melhor Energia do Brasil. ROVESPA BRASIL CMIG4 CIG CIG.C LATIBEX LISTED LISTED NIVEL 1 ROVESPA BAH NYSE NYSE Corporate Sustainability Index ISE XCMIG CEMIG 2016 MEMBER OF Dow Jones Sustainability Indices In Collaboration with RobecoSAM CDP CLIMATE DISCLOSURE LEADER 2015

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