Colbun Sa · BCS:COLBUN

Colbun Sa — Q2 2018 Earnings Presentation

14 slides from Colbun Sa's earnings presentation, Aug 3, 2018

  1. Slide 1: 2Q18 Earnings Review

    2Q18 EARNINGS REVIEW AUG 2018

  2. Slide 2: Agenda

    AGENDA 1. COMPANY HIGHLIGHTS PALABRAS DEL 2. FINANCIAL REVIEW PRESIDENTE 2018 3. GROWTH OPPORTUNITIES

  3. Slide 3: Company Highlights: 2Q18 Key Facts

    COMPANY HIGHLIGHTS 2Q18 KEY FACTS Regarding commercial strategy, in June 2018, Colbún signed a power supply agreement for 550 1 GWh/year with Minera Zaldivar, from renewable power sources, for a period of 10 years, starting in July 2020. In June 2018, Moody’s assigned the Baa2 category, with a stabl

  4. Slide 4: 2Q18 Main Consolidated Figures

    COMPANY HIGHLIGHTS 2Q18 MAIN CONSOLIDATED FIGURES US$ 696mm 1.3x 3,893MW EBITDA LTM Net Debt/ Inst. Capacity US$649 mm/ US$52 mm EBITDA LTM 3,328 MW/ 565 MW US$ 259 mm 4.5% 26 Avg. Power Plants Net Income LTM Interest Rate1 25/ 1 Ratings Market Share2 US$ 696mm BBB S&P/Fitch Cash Baa2 Moody’s 17%/ 8

  5. Slide 5: Agenda

    AGENDA 1. COMPANY HIGHLIGHTS 2. FINANCIAL REVIEW 3. GROWTH OPPORTUNITIES

  6. Slide 6: Chile: Physical Sales & Generation Balance

    FINANCIAL REVIEW CHILE: PHYSICAL SALES & GENERATION BALANCE Generation (GWh) 2Q17 2Q18 QoQ Hydraulic 1,248 1,433 15% Thermal 2,109 2,052 (3%) MAIN VARIATIONS 2Q18 / 2Q17 Gas 1,248 1,341 7% Diesel 123 29 (77%)  Total generation increased, mainly because Coal 738 682 (8%) of: REVS* 29 29 0% - Higher

  7. Slide 7: Chile: EBITDA Analysis

    FINANCIAL REVIEW CHILE: EBITDA ANALYSIS MAIN VARIATIONS 2Q18 / 2Q17  Revenues increased, mainly due to: - Higher sales to unregulated US$ million 2Q17 2Q18 QoQ customers. - Higher hydroelectric generation. Revenues 346.6 348.5 1%  Raw Materials and Consumables Used Raw Materials and Consumables in

  8. Slide 8: Peru: Physical Sales & Generation Balance

    FINANCIAL REVIEW PERU: PHYSICAL SALES & GENERATION BALANCE Generation (GWh) 2Q17 2Q18 QoQ MAIN VARIATIONS 2Q18 / 2Q17 Thermal – Gas 1,074 1,002 (7%) Total Own Generation 1,074 1,002 (7%)  Gas generation decreased, mainly explained by the lower availability of the power plant compared to 2Q17. Sales

  9. Slide 9: Peru: EBITDA Analysis

    FINANCIAL REVIEW PERU: EBITDA ANALYSIS MAIN VARIATIONS 2Q18 / 2Q17 US$ million 2Q17 2Q18 QoQ  Revenues increased, mainly due to higher: - Sales to unregulated customers. Revenues 47.0 52.3 11% Raw Materials and Consumables - Revenues from transmission tolls. (34.0) (37.8) 11% Used Personnel and oth

  10. Slide 10: Consolidated: Non-Operating Income Analysis

    FINANCIAL REVIEW CONSOLIDATED: NON-OPERATING INCOME ANALYSIS US$ million 2Q17 2Q18 QoQ MAIN VARIATIONS 2Q18 / 2Q17 Financial Income 2.8 4.5 62%  Non-operating income recorded higher losses, mainly explained by: Financial Expenses (20.2) (21.1) 4% - A non-recurring income recorded in Exchange Rate D

  11. Slide 11: Agenda

    AGENDA 1. COMPANY HIGHLIGHTS 2. FINANCIAL REVIEW 3. GROWTH OPPORTUNITIES

  12. Slide 12: Growth Opportunities in Chile & the Region

    GROWTH OPPORTUNITIES GROWTH OPPORTUNITIES IN CHILE & THE REGION SPECIAL FOCUS IN PERU, COLOMBIA AND 1 ARGENTINA.  Growing power consumption  Well established regulatory framework 1  Diversification: - Hydrological conditions Solar PV - Generation technology SOL DE TARAPACÁ - Fuel access 150 MW -

  13. Slide 13: Disclaimer and Contact Information

    DISCLAIMER AND CONTACT INFORMATION  This document provides information about Colbún S.A. In no case this document constitutes a comprehensive analysis of INVESTOR RELATIONS the financial, production and sales situation of the company. TEAM CONTACT  To evaluate whether to purchase or sell securitie

  14. Slide 14: Slide 14

Colbún — Q2 2018 Earnings Presentation on 6ix