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Companhia Energetica de Minas Gerais (CMIG4) - Financial and Strategic Analysis Review

VIEWS: 18 PAGES: 38

Companhia Energetica de Minas Gerais (CEMIG) is one of the largest electric utility companies in Brazil. CEMIG is a holding company, with two wholly owned subsidiaries, Cemig Geracao e Transmissao S.A. and Cemig Distribuicao S.A. The company is engaged in natural gas distribution and data transmission and offers consulting services to government and public utility companies in the electricity industry. The company is headquartered in Belo Horizonte, Brazil. The company also holds significant interest in Light S.A. – an electricity distributor in the State of Rio de Janeiro, and other transmission and generation assets in various states of Brazil. Cemig Distribuicao S.A. Companhia Energetica de Minas Gerais Key Recent Developments Jul 09, 2010 BNDES Approves BRL224 Million Loan For Batalha Hydroelectric Power Plant Jun 09, 2010 IMPSA, CEMIG Announce Startup Of Praia Do Morgado Wind Farm In State Of Ceara, Brazil Jun 30, 2009 CEMIG Reports Net Profit Of BRL524 Billion In Q2 2009 May 13, 2009 CEMIG Reports Net Income Of BRL232 Million In Q1 2009 Mar 19, 2009 CEMIG Posts Net Profit Of BRL1.8 Billion For 2008 This comprehensive SWOT profile of Companhia Energetica de Minas Gerais provides you an in-depth strategic analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better. The profile contains critical company information including, - Business description – A detailed description of the company’s operations and business divisions. - Corporate strategy – Analyst’s summarization of the company’s business strategy. - SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats. - Company hist

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									                Companhia Energetica de Minas Gerais (CMIG4) - Financial and
                                Strategic Analysis Review

       Reference Code: GDAE15630FSA                                                                                   Publication Date: JUL 2010

       Av. Barbacena, 1200, Ed. Julio         Phone                                                  Revenue
                                                               +55 31 35064900                                          11,705 (million BRL)
       Soares,
       Belo Horizonte                         Fax              +55 31 35065026                       Net Profit         2,099.96 (million BRL)
       30123-970                              Website          www.cemig.com.br                      Employees          9,746
                                              Exchange         CMIG4 [Sao Paulo Stock                Industry
       Brazil                                                                                                           Alternative Energy
                                                               Exchange]

      Company Overview
       Companhia Energetica de Minas Gerais (CEMIG) is one of the largest electric utility companies in Brazil. CEMIG is a holding
       company, with two wholly owned subsidiaries, Cemig Geracao e Transmissao S.A. and Cemig Distribuicao S.A. The company is
       engaged in natural gas distribution and data transmission and offers consulting services to government and public utility
       companies in the electricity industry. The company is headquartered in Belo Horizonte, Brazil. The company also holds
       significant interest in Light S.A. – an electricity distributor in the State of Rio de Janeiro, and other transmission and generation
       assets in various states of Brazil. Cemig Distribuicao S.A.

      Key Executives                                                              SWOT Analysis
                    Name                                   Title                  Companhia Energetica de Minas Gerais, SWOT Analysis
      Djalma Bastos de Morais               Chief Executive Officer               Strengths                 Weaknesses

      Antonio Adriano Silva                 Director
                                                                                  Dow Jones Sustainability            Declining Market Share in
      Francelino Pereira dos Santos         Director                              Index                               Sector
      Maria Estela Kubitschek Lopes Director
                                                                                  Expanding Operating Margin          Consumer Defaults
      Evandro Veiga Negrao de Lima Director
      Source: Annual Report, Company Website, Primary and Secondary Research
      GlobalData
                                                                                  Opportunities                      Threats
      Share Data
      Companhia Energetica de Minas Gerais                                        Expansion Plans                     Government Regulation and
       Share Price (BRL) as on 22-Jul-2010                               25.60                                        Legislation

                                                                           2.73   Increasing Electricity Demand
       EPS (BRL)
                                                                                                                      High Focus on Hydroelectric
       Market Cap (million BRL)                                         17,462                                        Generation
       Enterprise Value (million BRL)                                   24,792

       Shares Outstanding (million)                                        682    Source: Annual Report, Company Website, Primary and Secondary Research
       Source: Annual Report, Company Website, Primary and Secondary Research     GlobalData
       GlobalData

      Financial Performance                                                       Recent Developments
                                                                                  Jul 09, 2010        BNDES Approves BRL224 Million Loan
                                                                                                      For Batalha Hydroelectric Power Plant
                                                                                  Jun 09, 2010        IMPSA, CEMIG Announce Startup Of
                                                                                                      Praia Do Morgado Wind Farm In State Of
                                                                                                      Ceara, Brazil
                                                                                  Jun 30, 2009        CEMIG Reports Net Profit Of BRL524
                                                                                                      Billion In Q2 2009
                                                                                  May 13, 2009        CEMIG Reports Net Income Of BRL232
                                                                                                      Million In Q1 2009
                                                                                  Mar 19, 2009        CEMIG Posts Net Profit Of BRL1.8 Billion
       Source: Annual Report, Company Website, Primary and Secondary Research                         For 2008
       GlobalData
                                                                                  Source: Annual Report, Company Website, Primary and Secondary Research
                                                                                  GlobalData




Companhia Energetica de Minas Gerais (CMIG4) - Financial and Strategic                                                        Reference Code: GDAE15630FSA
Analysis Review
Source : www.globalmarketsandcompanies.com                                                                                                                 Page 1
      Table of Contents
      Table of Contents........................................................................................................................................................................................................... 2
      List of Tables .................................................................................................................................................................................................................. 4
      List of Figures................................................................................................................................................................................................................. 4
      Section 1 - About the Company ..................................................................................................................................................................................... 5
      Companhia Energetica de Minas Gerais - Key Facts .................................................................................................................................................... 5
      Companhia Energetica de Minas Gerais - Key Employees ........................................................................................................................................... 6
      Companhia Energetica de Minas Gerais - Key Employee Biographies ......................................................................................................................... 7
      Companhia Energetica de Minas Gerais - Major Products and Services ...................................................................................................................... 9
      Companhia Energetica de Minas Gerais - History ....................................................................................................................................................... 10
      Companhia Energetica de Minas Gerais - Company Statement ................................................................................................................................. 11
      Companhia Energetica de Minas Gerais - Locations And Subsidiaries....................................................................................................................... 12
            Head Office............................................................................................................................................................................................................ 12
            Other Locations & Subsidiaries ............................................................................................................................................................................. 12
      Section 2 – Company Analysis .................................................................................................................................................................................... 13
      Companhia Energetica de Minas Gerais - Business Description................................................................................................................................. 13
            Business Description - Distribution ........................................................................................................................................................................ 13
                  Distribution - Overview .................................................................................................................................................................................... 13
                  Distribution - Production.................................................................................................................................................................................. 13
                  Distribution - Financials................................................................................................................................................................................... 13
                  Distribution - Capital Expenditure.................................................................................................................................................................... 13
                  Distribution - Key Strategies............................................................................................................................................................................ 14
            Business Description - Generation and Transmission........................................................................................................................................... 14
                  Generation and Transmission - Overview....................................................................................................................................................... 14
                  Generation and Transmission - Production..................................................................................................................................................... 14
                  Generation and Transmission - Financials...................................................................................................................................................... 14
                  Generation and Transmission - Capital Expenditure ...................................................................................................................................... 15
                  Generation and Transmission - Market View .................................................................................................................................................. 15
                  Generation and Transmission - Key Strategies .............................................................................................................................................. 15
            Business Description - Other Businesses.............................................................................................................................................................. 15
                  Other Businesses - Overview.......................................................................................................................................................................... 15
                  Other Businesses - Production ....................................................................................................................................................................... 16
                  Other Businesses - Financials ........................................................................................................................................................................ 16
                  Other Businesses - Capital Expenditure ......................................................................................................................................................... 16
                  Other Businesses - Market View..................................................................................................................................................................... 16
                  Other Businesses - Key Strategies ................................................................................................................................................................. 16
      Companhia Energetica de Minas Gerais- Corporate Strategy..................................................................................................................................... 17
      Companhia Energetica de Minas Gerais- Corporate Strategy..................................................................................................................................... 17
      Companhia Energetica de Minas Gerais - SWOT Analysis ......................................................................................................................................... 18
            SWOT Analysis - Overview ................................................................................................................................................................................... 18
            Companhia Energetica de Minas Gerais - Strengths ............................................................................................................................................ 18
                  Strength - Dow Jones Sustainability Index...................................................................................................................................................... 18
                  Strength - Expanding Operating Margin........................................................................................................................................................
								
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