The Company’s consolidated gross debt on December 31, 2021 was R$ 11,363,963, or 24,3% lower than at the end of 2020, mainly reflecting the partial repurchase of eurobonds – “Tender Offer”, in the principal amount of US$500 million in the period.

However, all the parameters that measure the company’s financial health are at very comfortable levels, such as the ratio between debt and Ebitda, which reached 1.22 times. Cemig’s financial management policy seeks to ensure sustained growth and the creation of value for shareholders, acting in a way that maximizes the financial result:

• Indebtedness seeks to maximize the benefits of the capital structure;
• Reduced weighted average cost of capital;
• Expansion of access to the financial market;
• Combination of reduced costs with extended terms;

Consolidated Debt
Consolidated	2022	2023	2024	2025	2026	Total
Currency
US dollar	42,173		5,580,500			5,622,673
Total, currency denominated	42,173		5,580,500			5,622,673
Index
IPCA	774,084	274,678	377,118	1,260,943	1,635,083	4,321,906
UFIR/RGR	3,267	2,380				5,647
CDI	627,989	560,000	270,000			1,457,989
URTJ/TJLP	20,625					20,625
Total by index	1,425,965	837,058	647,118	1,260,943	1,635,083	5,806,167
(-) Custos de transação	(3,005)	(747)	(10,706)	(4,526)	(17,535)	(36,519)
(±) Recursos antecipados			(13,356)			(13,356)
(-) Deságio				(7,501)	(7,501)	(15,002)
Overall total	1,465,133	836,311	6,203,556	1,248,916	1,610,047	11,363,963