Companhia Energetica de Minas Gerais (NYSE:CIG) Q1 2022 Earnings Conference Call May 16, 2022 9:00 AM ET

Company Participants

Carolina Senna - Superintendent of Investor Relations

Reynaldo Passanezi Filho - CEO

Leonardo Magalhaes - CFO

Dimas Costa - Commercialization Director

Marco da Camino Ancona Soligo - Participations Director

Marney Tadeu Antunes - Distribution Director

Thadeu Carneiro da Silva - Generation and Transmission Director

Conference Call Participants

Francisco Navarrete - BBI

Andre Sampaio - Santander

Daniel Travitzky - Safra

Operator

Good morning, and welcome to Cemig's conference call. We're releasing the results of the first quarter of 2022. This conference call is being recorded and will be made available at the company's IR website, where the presentation is also available. [Operator Instructions].

At this time, I'd like to turn the floor to Carolina Sena, Superintendent of Investor Relations. Carolina, please you may go ahead.

Carolina Senna

Good morning. My name is Carolina Sena, Superintendent of Investor Relations at Cemig. We begin the release of the financial results of the first quarter of 2022 with the presence of Reynaldo Passanezi Filho, CEO; Dimas Costa, Commercialization Director; Eduardo Soares, Regulatory and Legal Director; Leonardo George de Magalhães, Chief Financial and Investor Relations Officer; Marco Da Camino Ancona Soligo, Participations Director; Marney Tadeu Antunes, Distribution Director; Thadeu Carneiro da Silva, Generation and Transmission Director.

For the opening remarks, we turn the floor to our CEO, Mr. Reynaldo Passanezi Filho.

Reynaldo Passanezi Filho

Good morning, everyone. It is a great pleasure to bring here the quarterly results. They have been actually excellent and [Indiscernible] where Cemig is celebrating 70 years of a company that has actually grown. It is one of the main landmarks of the national electricity industry. It started with President Juscelino Kubitschek 70 years ago -- 71, but Cemig was created 70 years ago and it is a very significant part of the electricity segment in Brazil, building, landmark industries and the power plants.

We have distribution, transmission, engineering in all corners of the country.

Cemig employees who are at Cemig today or have retired, at Cemig they are a great role model. So the first thing is to thank and congratulate each one of those who have been responsible for such an important history, Cemig's history, and we're very proud to be able to be part of this and to continue onwards.

And to move forward presenting results, such as the ones we're showing you now for the first quarter of 2022. For me, it's important to say and this results more than the numbers themselves, it's the consistency, and the adherence of the strategic plan that we have approved at the Board in January '21. It's a strategic plan focused on a very clear purpose that our -- with our energy, we transform lives, the lives of people from Minas and will focus our investments in Minas Gerais and will succeed.