Colbun Sa · BCS:COLBUN
Colbun Sa — Q1 2014 Earnings Presentation
14 slides from Colbun Sa's earnings presentation, May 7, 2014
Slide 1: 1Q 2014 Results Review
1Q 2014 Results Review May 7, 2014
Slide 2: Agenda
1Q 2014 Results Review AGENDA HIGHLIGHTS FINANCIAL REVIEW PROJECTS UNDER DEVELOPMENT UPDATE OTHER RELEVANT EVENTS 2
Slide 3: Highlights of 1Q 2014
1Q 2014 Results Review Highlights of 1Q 2014 1. 34% YoY Increase in EBITDA mainly explained by a non-recurring effect of the business interruption compensation from our insurance companies for the machinery failure that affected Nehuenco II in March 2013 2. 5% YoY Increase in Hydro Generation result
Slide 4: Angostura Hydroelectric Power Plant
1Q 2014 Results Review Angostura Hydroelectric Power Plant 316 MW of Installed Capacity 1,500 GWh of expected annual generation US$760 million of CAPEX Largest hydroelectric power plant built in Chile over the last decade Successful community integration 116 GWh of production as of March
Slide 5: Agenda
1Q 2014 Results Review AGENDA HIGHLIGHTS FINANCIAL REVIEW PROJECTS UNDER DEVELOPMENT UPDATE OTHER RELEVANT EVENTS 5
Slide 6: Physical Sales and Generation Balance Analysis
1Q 2014 Results Review Physical Sales and Generation Balance Analysis Key Drivers of 1Q14 Sales Volumes 1Q13 4Q13 1Q14 QoQ YoY GWh The generation mix of 1Q14 allowed Regulated Customers 1,790 1,708 1,771 4% (1%) 60% of the Company’s commercial Free Customers 779 1,469 1,233 (16%) 58% commitments t
Slide 7: EBITDA Analysis
1Q 2014 Results Review EBITDA Analysis Key Drivers of 1Q14 1Q13 4Q13 1Q14 QoQ YoY US$ million Non-recurring Income of US$32.5 million Revenues 367.0 349.5 413.2 18% 13% resulting from the business interruption compensation relating to the failure of Raw Materials and Consumables Used 256.6 222.7 2
Slide 8: Non-Operating Income Analysis
1Q 2014 Results Review Non-Operating Income Analysis Key Drivers of 1Q14 1Q13 4Q13 1Q14 QoQ YoY US$ million Non-recurring Income of US$15.7 Financial Income 1.7 1.2 1.5 19% (14%) million resulting from the physical damage compensation relating to the failure of Financial Expenses (15.2) (12.1) (10
Slide 9: Net Income Analysis
1Q 2014 Results Review Net Income Analysis Key Drivers of 1Q14 1Q13 4Q13 1Q14 QoQ YoY US$ million Net Income Before Tax of US$71.2 Net Income Before Tax 19.3 38.0 71.2 87% 269% million resulting mainly from business interruption and physical damage Income Tax 5.1 (31.1) (19.6) (37%) - compensation
Slide 10: Agenda
1Q 2014 Results Review AGENDA HIGHLIGHTS FINANCIAL REVIEW PROJECTS UNDER DEVELOPMENT UPDATE OTHER RELEVANT EVENTS 10
Slide 11: Projects Under Development Update
1Q 2014 Results Review Projects Under Development Update 1 La Mina Hydroelectric Project 34 MW of Installed Capacity 180 GWh of expected annual generation Phase: EIA Approved Qualifies as NCRE 2 Santa María II Coal-fired Project 350 MW of Installed Capacity 2,500 GWh of expected annual 1
Slide 12: Agenda
1Q 2014 Results Review AGENDA HIGHLIGHTS FINANCIAL REVIEW PROJECTS UNDER DEVELOPMENT UPDATE OTHER RELEVANT EVENTS 12
Slide 13: Relevant Events
1Q 2014 Results Review Relevant Events The Company extended a natural gas supply contract for one CCGT unit until Jun-14 with ENAP. In 1Q14 Colbún had LNG supply contracts for its 2 combined cycle units 13
Slide 14: www.colbun.cl
www.colbun.cl This document provides information about Colbún SA. In no case this document constitutes a comprehensive analysis of the financial, production and sales situation of the company. To evaluate whether to purchase or sell securities of the company, the investor must conduct its own indepe