Slide 1: Corporate Presentation 2Q20 Results
CREDICORP CONFERENCE CORPORATE PRESENTATION SEPT 2019 CORPORATE PRESENTATION 2Q20 RESULTS AUGUST 2020
Slide 2: 2Q20 Results: EBITDA key drivers
2Q20 Results EBITDA key drivers (US$ million) 2Q19 2Q20 1. Lower operating income during the period, due to the expiration of SAESA contract in Dec-19. COLBÚN GX 134 123 2. Partially offset by lower gas consumption costs and lower expenses denominated in local currency. COLBÚN TX 18 19 In line with
Slide 3: 2Q20 Results Highlights
2Q20 Results Highlights COLBUN 1. On June 2020, the Board of Directors approved the construction of two photovoltaic projects: a. Diego de Almagro Sur I and II (220 MW): located in Atacama Region. The start of construction is scheduled for 3Q20 and the commissioning for 1Q22. The total investment am
Slide 4: Leading position in Chile & Peru
Company & industry overview Leading position in Chile & Peru THE COMPANY Installed Capacity Market Share1 Ownership 3,811 MW 14% / 6% 49.96% Matte Group 3,244 MW / 567 MW 9.58% Angelini Group Power Plants Transmission Lines 19.55% Pension Funds 25 ~942 km 20.91% Others 24 / 1 KEY FINANCIALS Internat
Slide 5: Leading position in Chile & Peru: Fenix Power and Colbún TX
Company & industry overview Leading position in Chile & Peru FENIX POWER 1. EBITDA* (US$ million) 2. INTERNATIONAL RATINGS 3. LTM ENERGY SALES 56 70 68 BBB- Stable Spot 54 Fitch 10% 36 BBB- Stable S&P Ba1 Stable PPAs 2016 2017 2018 2019 2Q20 LTM Moody’s 90% COLBUN TX 1. EBITDA (US$ million) 2. LTM R
Slide 6: Attractive markets
1. Cost efficient & diversified asset base Attractive markets LTM GENERATION DEMAND GROWTH MARGINAL COST MARKET SHARE1 GWh 12 month average % US$/MWh % Others Hydro SEIN Santa Rosa 27% 57% Peruvian Gov. Others Orazul 14% 10% 5% 49,686 9 Statkraft 5% Enel SEIN 15% 13 GW GNL 33% -5% +0.1% y/y 6% Engie
Slide 7: Geographical and technological diversification
1. Cost efficient & diversified asset base Geographical and technological diversification 1. DIVERSIFIED GENERATION ASSETS 3. DECARBONIZATION PROCESS: LOW IMPACT FOR COLBÚN Photovoltaic Coal-fired 0% 10% ▪ Colbún has only 1 coal-fired power Open cycle Combined cycle plant of the 27 present in the sy
Slide 8: Hydrological conditions
1. Cost efficient & diversified asset base Hydrological conditions 1. COLBÚN RESERVOIR LEVEL (m.a.s.l) 3. CHANGE IN ACCUMULATED RAINFALLS (%) 445 2018 2019 2020 As of Jun20 As of Jul20 435 compared to compared to 425 415 2019 Av. year 2019 Av. year 405 395 Los Quilos 323% -26% 378% -36% Abanico -16%
Slide 9: 100% of PPAs supplied with cost-efficient generation
1. Cost efficient & diversified asset base 100% of PPAs supplied with cost-efficient generation WHOLE-SALE COMMERCIAL STRATEGY GENERATION & PPAs LEVEL1 (TWh) 1. Optimize Contracting level ◼ Renewable Capacity: hydro, solar, wind ◼ Efficient thermal capacity: coal, CCGTs Hydro 3.9 3.8 2. Cost structu
Slide 10: Secured long-term regasification capacity & LNG supply
1. Cost efficient & diversified asset base Secured long-term regasification capacity & LNG supply LONG-TERM STRATEGY: Leveraging our efficient natural gas power facilities and diversifying our supply sources; contributing to a competitive, flexible, secure and sustainable power supply 1. REGASIFICAT
Slide 11: Recent developments in Chile's regulatory framework
1. Cost efficient & diversified asset base Recent developments in Chile’s regulatory framework LATEST CHANGES BILLS UNDER DISCUSSION 1. Price stabilization mechanism for regulated clients tariffs 1. New distribution law ▪ Tariffs will be stabilized until Jan21, and adjusted by local CPI ▪ Update the
Slide 12: Addressing COVID19 at Colbún
1. Cost efficient & diversified asset base Addressing COVID19 at Colbún CURRENT STATUS COMMUNITY SUPPORT ▪ Two priorities: protect the health of all our ▪ The payment period for supplier invoices was reduced stakeholders and to the ensure the security of the from 15 days to 7 days energy supply ▪ Th
Slide 13: High quality clients in Chile
2. Strong and competitive supply contracts High quality clients in Chile MAIN CONTRACTS CUSTOMER BASE PROFILE SIGNED SINCE 2016 3.0 TWh/year, for 10 Sales % to Unregulated Customers Number of Unregulated Customers years starting January 2022 41% 65% 4 270 0.5 TWh/year, for 10.5 2014 LTM 2014 2020 ye
Slide 14: Stable operational results & solid metrics
3. Prudent financial management Stable operational results & solid metrics 1. EBITDA & EBITDA MG. (US$ million & %) 2. NET INCOME. (US$ million) EBITDA Chile EBITDA Fenix EBITDA Mg 50% 289 45% 45% 47% 44% 230 54 36 70 68 205 202 56 164 639 648 627 621 546 2016 2017 2018 2019 2Q20 LTM 2016 2017 2018
Slide 15: Strong liquidity
3. Prudent financial management Strong liquidity 1. CASH POSITION. (US$ million) 3. CASH FLOW. (US$ million) 810 854 788 797 667 Operating Activities Financing Activities Investing Activities Net Cash Flow 2016 2017 2018 2019 2Q20 LTM 2016 2017 2018 2019 2Q20 133 199 16 1 2. DIVIDEND DISTRIBUTION. (
Slide 16: Long term debt profile
3. Prudent financial management Long term debt profile 1. FINANCIAL DEBT PROFILE US$1,705(*) mm 100% bonds 3.9% Interest Rate average US$1,391 million 97% USD and 3% UF US$314 million 100% Fixed rate 7.0 years average life 2. AMORTIZATION STRUCTURE (US$ million) 600 Fenix Bond 527 500 500 Colbun Bon
Slide 17: Solar and Wind Generation Projects
Attractive pipeline of renewable energies Solar and Wind Generation Projects Feasibility Environmentally approved and construction approved by the Board of Directors We hold a portfolio of solar and wind farm projects, in different stages of development, for 5 3 approximately 3,100 MW 4 2 1 1 2 3 4
Slide 18: Disclaimer & Contact Information
Disclaimer & Contact Information ▪ This document provides information about Colbún S.A. In no INVESTOR RELATIONS case this document constitutes a comprehensive analysis of the financial, production and sales situation of the company. TEAM CONTACT ▪ To evaluate whether to purchase or sell securities
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