21st ANNUAL
MEETING
May 24, 2016 - Cemig Headquarters, Belo Horizonte, Brazil
Disclaimer
Certain statements and estimates in this material may represent expectations about future events or results, which are subject to risks and uncertainties, which 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 Senior Management, in accordance with their experience, and also on factors, such as the macroeconomic environment, market conditions in the electricity sector, and expected future results, many of which are not under Cemig's control.
Important factors that can lead to significant differences between actual results and the projections about future events or results include alterations that may be considered necessary in Cemig's business strategy, Brazilian and international economic conditions, technology, Cemig's financial strategy, changes in the electricity sector, hydrological conditions, conditions in the financial and electricity markets, uncertainty on our results from future operations, plans, and objectives, and other factors. Because of these and other factors, the real results of Cemig may differ significantly from those indicated in or implied in such statements.
The information and opinions herein should not be understood as a recommendation to potential investors, and no investment decision should be based on the veracity, currentness or completeness 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 give rise to different results from those estimated by the Company, we recommend consulting the section Risk Factors included in the Reference Form filed with the Brazilian Securities Commission (CVM) and in the 20-F Form filed with the U.S. Securities and Exchange Commission (SEC).
Supply and Demand Balance: Cemig GT and the Grid
Presented by: Marcus Vinícius de Castro Lobato
The Brazilian National Grid 90,000 80,000 70,000 MW-average 60,000 50,000 40,000 30,000 20,000 10,0002015 | 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 | 3,503 | 3,453 | 4,122 | 5,133 | 5,899 |
Hydro | 52,689 | 54,062 | 55,898 | 59,452 | 59,908 |
Market | 64,979 | 67,459 | 69,717 | 72,573 | 75,541 |
Source: PMO (Monthly Operation Program), May 2015. Analysis made by Cemig considering a GDP growth rate of 2.5% in the period 2015- 2019 (1st four-month review, 2015). Assumes withdrawal of thermal projects that sold energy in new auctions that were not developed.
Information provided from May to December for the first year.
CEMIG - Companhia Energética de Minas Gerais published this content on 24 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 May 2016 20:20:01 UTC.
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