Colbun Sa · BCS:COLBUN
Colbun Sa — Barclays December 2024
19 slides from Colbun Sa's conference presentation, December 2024
Slide 1: Corporate Presentation Barclays - December
CORPORATE PRESENTATION Barclays - December
Slide 2: Colbun at a Glance
ABOUT US COLBUN AT A GLANCE INSTALLED CAPACITY (%) 54% 34% 17% 6% (1) Thermoelectric Hydroelectric Wind Solar 3.7 746 53 TWh MARKET SHARE (2) Generated Suppliers* Clients* Kallpa Energy Enel 19% Enel 31% Colbun 31% 35% Aes Andes Engie 17% Electroperú Engie 6% 15% 7% Fenix Others 11% 15% 14% Others 1
Slide 3: Market Conditions Update
MARKET CONDITIONS UPDATE MARGINAL COST US$/MWh INSTALLED CAPACITY LTM GENERATION DEMAND GROWTH MARGINAL COST GW GWh 12 months average % US$/MWh Alto Jahuel 3% 6% Cardones Hydro 110 Puerto Montt 21% 32% Coal 4% 2.7% Gas and LNG 47 85,265 2% 60 45 Diesel 13% GWh 38 SEN Wind 0% 10 36 GW Solar + 3.3% y/
Slide 4: Colbun's Hydroelectric Generation
MARKET CONDITIONS UPDATE COLBUN’S HYDROELECTRIC GENERATION COLBUN’S HYDROELECTRIC GENERATION GWh/day TWh GWh/day 35 + 0.3 TWh 30 28 6.9 7.2 25 24 24 6.8 25 22 22 20 20 18 19 5.6 20 17 5.1 5.2 15 15 13 3.9 10 5 0 Jan Feb Mar Apr May Jun Jul Agu Sep Oct Nov Dec 2006 2019 2020 2021 2022 2023 2024 E Ave
Slide 5: System's Decoupling
MARKET CONDITIONS SYSTEM´S DECOUPLING AVERAGE HOURLY MARGINAL COLBUN’S POWER INJECTION COST 2024 (1) Crucero AND WITHDRAW BY ZONE (2) (USD/MWh) USD/MWh 2024: 52 Early morning Day Night 2023: 77 2 120 TWh/year 24 hr Gx 0.9 0.6 0.3 100 PPAs 4.4 1.8 2.6 Balance -3.5 -1.2 -2.3 80 TWh/year 24 hr 2 60 Gx
Slide 6: System's Thermal Power Plants Demand
MARKET CONDITIONS SYSTEM´S THERMAL POWER PLANTS DEMAND Ensuring generation units availability and reliability 2.2 GW 9 power plants 1.9 GW 5 power plants Maintenance optimization considering Nehuenco 0.8 GW the system’s and Colbun’s conditions Start-up times 5 power plants 1.8 GW improvements 5 powe
Slide 7: Strategic Agenda Update
STRATEGIC AGENDA UPDATE WE TRANSFORM ENERGY, IN BALANCE WITH THE PLANET, TO BOOST YOUR PROJECTS AND DREAMS PURPOSE: We transform energy, in balance with the planet to boost your projects and dreams. WE ADD VALUE TO: Shareholders, Environment, Customers, Workers, Communities, Suppliers Core business
Slide 8: Core Business - Asset Optimization in the Energy Transition
STRATEGIC AGENDA UPDATE CORE BUSINESS - ASSET OPTIMIZATION IN THE ENERGY TRANSITION LNG (ADP) (1) – firm supply contract COLBUN’S PPAS BACKED BY ITS 1 OWN GENERATION (TWh) (2) For up to 1 combined cycle during the first half of the year Gas 11.6 11.9 10.9 10.3 10.9 Coal Argentine NG – firm 9.8 Fossi
Slide 9: Core Business - Customers
STRATEGIC AGENDA UPDATE CORE BUSINESS - CUSTOMERS 1. CONTRACTED ENERGY AND RELEVANT PPAs SIGNED DURING 2024 2.1 1.3 TWh TWh 2. PPAs PROFILE (1) 3. ENERGY SERVICES TWh 15 Mining Forestry Others Regulated EMS operation & maintenance 10 10 EMS internal audit 6 8 YEARS LEED design and construction 6 5 A
Slide 10: Core Business - Renewable Energy 24/7
STRATEGIC AGENDA UPDATE CORE BUSINESS - RENEWABLE ENERGY 24/7 238 MW 920 MW 1,013 MW 800 MW PROGRESS 1,598 MW PROGRESS Preliminary Preliminary Prefeasibility Prefeseability Suspended STAGE studies STAGE studies 2,983 MW 816 MW Environmentally 228 MW Construction approved FID(1) 1.4 GW 0.4 GW Inti Pa
Slide 11: Core Business - Renewable Energy 24/7 (Horizonte)
STRATEGIC AGENDA UPDATE CORE BUSINESS - RENEWABLE ENERGY 24/7 772 November 96% total progress CAPEX (US$ million) (1) 140 turbines reached 405 192 mechanical completion 145 Each with 5.83 MW of installed 30 capacity 2021 2022 2023 2024 Total 1Q25 Estimated commissioning 1 Note: Figure as of Sep24. 1
Slide 12: Expanding Our Limits - Growth and International Diversification
STRATEGIC AGENDA UPDATE EXPANDING OUR LIMITS - GROWTH AND INTERNATIONAL DIVERSIFICATION SAN JUAN SAN JUAN Installed Capacity 193.2 MW 642 GWh Annual Contracted Energy Historic Annual Generation 518 GWh Location III Region, Freirina COD Mar-2017 US$403 mm Final transaction price TOTORAL free of debt
Slide 13: San Juan and Totoral generation profile
STRATEGIC AGENDA UPDATE EXPANDING OUR LIMITS - GROWTH AND INTERNATIONAL DIVERSIFICATION GENERATION (1) (MWh) MARGINAL COST (US$/MWh) Early morning and night generation profile Injected at a marginal cost higher than the daily average 69% 24% SAN JUAN 200 200 SAN JUAN 150 150 100 100 50 50 0 0 1 3 5
Slide 14: New Businesses - Green Hydrogen
STRATEGIC AGENDA UPDATE NEW BUSINESSES - GREEN HYDROGEN FENIX COOLDOWN FIRST GREEN H2 BUS MADE IN SYSTEM CHILE Decarbonization of the generator’s cooling system, Joint project with Anglo American, Reborn, Fundación replacing gray H2 with green H2 Chile, National Pilotage Center and CORFO O’Higgins,
Slide 15: New Businesses - Water
STRATEGIC AGENDA UPDATE NEW BUSINESSES - WATER New Businesses - Water DESALADORA DESALADORA PELÍCANO CHUCAO ✓ Colbun acquired Desaladora Pelícano located in the ✓ Colbun has secured a land site on a long-term basis (San Antonio province of Petorca. Province) ✓ Multipurpose Project, aiming to deliver
Slide 16: Key Financial Figures
KEY FINANCIAL FIGURES OVERVIEW EBITDA LTM CAPEX LTM INTERNATIONAL RATINGS US$630 mm US$316 mm Baa2 BBB+ BBB US$ 545 mm US$ 85 mm BBB- BBB- Moodys Fitch S&P NET DEBT / EBITDA CASH DIVIDEND POLICY 1.8 X US$947 mm 50%(1) Note: All figures as of Sep24. 1 Note: US$197 mm distributed charged to 2023’s net
Slide 17: Key Financial Figures - Financial Debt
KEY FINANCIAL FIGURES FINANCIAL DEBT AMORTIZATION STRUCTURE (US$ million) 700 600 600 Fenix 500 500 500 Colbun 400 300 168 200 160 100 16 18 0 2025 2026 2027 2028 2029 2030 2031 2032 FINANCIAL DEBT PROFILE US$1,962 mm 4 bonds and 1 bank loan 3.8% Interest Rate average US$1,760 million 100% USD 92% F
Slide 18: Disclaimer & Contact Information
DISCLAIMER & CONTACT INFORMATION ✓ This document provides information about Colbun S.A. In no case this document constitutes a comprehensive INVESTOR RELATIONS analysis of the financial, production and sales situation of TEAM CONTACT the company ✓ To evaluate whether to purchase or sell securities o
Slide 19: Slide 19