Colbun Sa · BCS:COLBUN
Colbun Sa — Scotiabank breakfast (November 2024)
20 slides from Colbun Sa's conference presentation, November 2024
Slide 1: 3Q24 Results Presentation
3Q24 RESULTS PRESENTATION Scotiabank November 2024
Slide 2: Agenda
AGENDA 1 MARKET CONDITIONS 2 STRATEGIC AGENDA UPDATE 3 SUBSEQUENT HIGHLIGHTS 4 FINANCIAL RESULTS
Slide 3: Agenda
AGENDA 1 MARKET CONDITIONS 2 STRATEGIC AGENDA UPDATE 3 SUBSEQUENT HIGHLIGHTS 4 FINANCIAL RESULTS
Slide 4: Market Conditions
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 5: Market Conditions: Hydrological Conditions in Chile
MARKET CONDITIONS HYDROLOGICAL CONDITIONS IN CHILE ACCUMULATED RAINFALLS COMPARISON (mm) COLBUN RESERVOIR LEVEL (m.a.s.l) 2023 2024 Max Min 437 437 Apr-Oct Apr-Oct 2023 Av.Year 431 199 +62mm +56mm Aconcagua MW +20% +17% 397 -1,322mm -228mm Apr May Jun Jul Aug Sep Oct 662 Maule MW -43% -12% HYDROELEC
Slide 6: Market Conditions: Hydrological Conditions in Chile (Snow)
MARKET CONDITIONS HYDROLOGICAL CONDITIONS IN CHILE SNOW PRESCENCE SNOW PRESCENCE OCTOBER 26, 2023 OCTOBER 27, 2024 EQUIVALENT WATER (mm) Maule 949 1,037 Bahamondes 825 571 Invernada 480 184 6
Slide 7: Agenda
AGENDA 1 MARKET CONDITIONS 2 STRATEGIC AGENDA UPDATE 3 SUBSEQUENT HIGHLIGHTS 4 FINANCIAL RESULTS
Slide 8: Strategic Agenda Update
STRATEGIC AGENDA UPDATE WE TRANSFORM ENERGY, IN BALANCE WITH THE PLANET, TO BOOST YOUR PROJECTS AND DREAMS WE ADD VALUE Shareholders, Environment, Customers, Workers, Communities, Suppliers TO: Core business Expand our limits New businesses Asset 24/7 Renewable Customers Energy Solutions + Growth an
Slide 9: Enhancing Our Core Business
STRATEGIC AGENDA UPDATE ENHACING OUR CORE BUSINESS COLBUN’S PPAS BACKED BY ITS OWN LNG (ADP) (1) – firm 1 supply contract GENERATION (TWh) (2) For up to 1 combined cycle during the first half of the 11.6 11.9 Gas year 10.9 10.3 10.9 Coal 9.8 Wind FLEXIBLE GAS Argentine NG – firm CONTRACTS 2 supply c
Slide 10: Commercial Strategy
STRATEGIC AGENDA UPDATE COMMERCIAL STRATE 1. PPAs PROFILE(1) TWh 15 8 10 YEARS Average life 5 0 2024 2025 2026 2027 2028 2029 2030 Mining Forestry Others Regulated 2. RENEWABLE CERTIFICATES EVOLUTION 3. ENERGY SERVICES 7,772 Real Estate’s Energy Efficiency Advisory & Certification x47 GWh 4,490 1,39
Slide 11: Our Pipeline of Projects
OUR PIPELINE OF PROJECTS GROWTH IN RENEWABLE INSTALLED CAPACITY LAST QUARTER UPDATE ✓ The Company decided to suspend Paposo Pump HORIZONTE LLULLAILLACO TRES QUEBRADAS 816 MW + 180 MW 550 kV Storage project after the Antofagasta EAS rejected 238 MW BAYÓVAR INTI PACHA the reconsideration appeal 660 MW
Slide 12: Horizonte Wind Farm
STRATEGIC AGENDA UPDATE HORIZONTE WIND FARM 3Q24 90% total progress 816 MW Total installed capacity 116 turbines reached mechanical completion Out of 140 each with 5.83 MW of installed capacity 66 turbines energized Added 83 GWh of energy to the National Electrical System CAPEX (US$ million) 772 405
Slide 13: Agenda
AGENDA 1 MARKET CONDITIONS 2 STRATEGIC AGENDA UPDATE 3 SUBSEQUENT HIGHLIGHTS 4 FINANCIAL RESULTS
Slide 14: Subsequent Highlights: ILAP Acquisition
SUBSEQUENT HIGHLIGHTS ILAP ACQUISITION 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$403 mm Final transaction price TOTORAL free of debt and cash (1) TOTORAL Installed Capacity 46 MW His
Slide 15: Subsequent Highlights: ILAP Acquisition
SUBSEQUENT HIGHLIGHTS ILAP ACQUISITION GENERATION (1) (MWh) MARGINAL COST (US$/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 7 9 11 13 15 17 19 21 23 1 3 5 7 9 11 13 15 17 19
Slide 16: Agenda
AGENDA 1 MARKET CONDITIONS 2 STRATEGIC AGENDA UPDATE 3 SUBSEQUENT HIGHLIGHTS 4 FINANCIAL RESULTS
Slide 17: Key Financial Figures: EBITDA Comparison
KEY FINANCIAL FIGURES EBITDA COMPARISON CONSOLIDATED US$170 million EBITDA -25% Q/Q US$ million 200 177 (67) 147 150 19 (18) 41 100 (5) 50 0 3Q23 Regulated Tolls Others Spot Balance Gas Consumption 3Q24 Customers Sales US$ million 90 49 60 (17) (16) 7 23 30 (1) 0 3Q23 Regulated Customers Unregulated
Slide 18: Key Financial Figures: Overview
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 19: 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
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