CIG - Companhia Energética de Minas Gerais - CEMIG (CIG) Q1 2024 Earnings Call Transcript
2024-05-15 22:42:08 ET
Companhia Energética de Minas Gerais - CEMIG (CIG)
Q1 2024 Results Conference Call
May 14, 2024 9:00 AM ET
Company Participants
Carolina Senna - IR
Reynaldo Filho - CEO
Leonardo Magalhaes - CFO
Marney Antunes - CDO
Marco Soligo - CPO
Conference Call Participants
Andre Sampaio - Santander
Giuliano Ajeje - UBS
Presentation
[Operator Instructions]. Now I would like to turn the floor over to Carolina Senna, Investor Relations Superintendent. Please, Ms. Carolina Senna, you may proceed.
Carolina Senna
Good morning, everyone. I am Carolina Senna, Cemig's Investor Relations Superintendent. We now start Cemig's first quarter 2024 earnings video conference with the following executives: Reynaldo Passanezi Filho, CEO; Leonardo George de Magalhães, CFO and IR Officer; Dimas Costa, Chief Commercial Officer; Marco Soligo, Chief Participation Officer; and generation transmission after for now, Marney Tadeu Antunes, Chief Distribution Officer; and Cristiana Maria Fortini Pinto e Silva, Chief Legal Officer. For the initial remarks, I turn the floor over to our CEO, Reynaldo Passanezi Filho.
Reynaldo Filho
Good morning. Good morning, everyone. It is a pleasure to be here with you to talk about our results for the first quarter of 2024. I would say this is another quarter of consistent results according to our strategic plan. So these are the main messages that I would like to bring to you.
The first one, our capital allocation. We move on with the objective of concentrating Cemig activities in its core businesses. So we are divesting from minority stakeholdings, and we are investing in businesses that are our core business, Cemig's core business. So in this quarter, we once again show you these results. We have concluded the disposal of asset of Aliança Energia in April....
Companhia Energética de Minas Gerais - CEMIG (CIG) Q1 2024 Earnings Call Transcript