Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — 9M 2019 Earnings Presentation
20 slides from Enel Chile Sa's earnings presentation, 2019
Slide 1: 9M 2019 consolidated results
9M 2019 consolidated results
Slide 2: Key highlights of the 9M 2019
Key highlights of the 9M 2019 Decarbonization on track Renewable Tarapacá closure and Campos del Sol/Cerro Pabellón III started construction Growth Customers centricity and long-term partnership Infrastructure BHP Billiton, Anglo America and Collahuasi agreements networks & e-cities Focus on EBITDA
Slide 3: Decarbonization
Decarbonization Enel Chile is leading the energy transition in Chile Decarbonization update Commercial Strategy aligned with decarbonization Tarapacá Power Plant closure on track for + 3TWh/ year renewable 15-year PPA December 31st, 2019 (BHP as from Aug/21) Impairment accounting impact on Enel Up t
Slide 4: Energy Transition
Energy Transition Smart solutions paving the future Main updates on the period 9M 2017 9M 2017 2018 2018 2019 2019 Electric 2 76 Public Leadership consolidation on buses* 285 lighting (‘000)* 234 259 251 sustainable mobility Charging e-Home 63 221 312 31.0 50.8 54.8 Points*² services³ (‘000) Plan to
Slide 5: Capex allocation
Capex allocation Development capex focused on renewables Enel X 9M 2019 Capex by business and by nature¹ 9M 2019 Development capex 28% 58% 10% USD USD 1% USD 88% 296mn 8% 178mn 296mn 60% 4% 12% 31% Asset management Renewables Networks & Enel X Asset development Thermal generation Other Customers 1.
Slide 6: Generation portfolio
Generation portfolio Continuous improvement on our mix and margins Installed capacity (GW) Production (TWh) Energy sales (TWh) +11% +1% 9% 8% 16.0 17.7 18.0 14.4 0.3 0.6 2.4 1.5 5.5 7.5 47% 2.4 2.8 7.5 20% GW 0.3 0.3 3.0 3.2 11.9 7.2 7.3 9.8 16% 9M 2018 9M 2019 9M 2018 9M 2019 Hydro CCGT¹ Oil-Gas Co
Slide 7: Distribution portfolio
Distribution portfolio Focus on digitalization to continuously improve our services and efficiency Energy distributed (TWh)2 Telecontrol equipment installation (cumulated) End users 1.96 1.90 (mn) +2% 1,902 1,733 12.6 12.9 1,481 1,161 9M 2018 9M 2019 2016 2017 2018 9M 2019 SAIDI¹ LTM (minutes) Energ
Slide 8: Progress on SDGs
Progress on SDGs Engaging local communities1 9M 2019 2021 High-quality, inclusive and fair education 48 107 Access to affordable and clean energy 197 175 Employment and sustainable and inclusive economic growth 369 447 I&N, sustainable cities and cyber securities2 9M 2019 E-buses 285 Charging points
Slide 9: Financial results
9M 2019 consolidated results Financial results
Slide 10: Financial highlights
Financial highlights (USD mn)¹ 9M 2019 9M 2018 Var. Revenues 3,046 2,580 +18% EBITDA 1,181 825 +43% Group Net Income 301 304 -1% EBITDA Margin 39% 32% +7 p.p. Gross Margin 49% 296 43% +6 p.p. Gross CAPEX 296 296 -0% Net Debt 3,406 3,333² +2% 1. Reported figures. Comparisons between periods in the Fi
Slide 11: EBITDA
EBITDA (USD mn)¹ 3Q 2019 vs 3Q 2018 9M 2019 vs 9M 2018 +18% +43% 161.8 19.7 (2.6) 1181 176.7 221 (4.5) 825 58.3 7.2 391 330 202 79 72 986 264 322 647 (6) (10) (23) (26) 3Q 2018 Generation Networks / Holding 3Q 2019 9M 2018 One - Off Generation Networks / Holding 9M 2019 Enel X (PPA) Enel X EBITDA ma
Slide 12: Generation Businesses
Generation Businesses Improving our operating margins EBITDA evolution (USD mn)¹ Ebitda 40% 46% Margin² +52% Hydro production slightly above last year 986 177 647 - 10 % savings on cost of fuels 809 (lower price of coal and natural gas) 647 +6 p.p EBITDA Margin improvement due to 9M 2018 9M 2019 opt
Slide 13: Networks & Enel X Businesses
Networks & Enel X Businesses Focus on efficiency, network resilience and final customer EBITDA evolution (USD mn)¹ Ebitda 15% 14% Margin +10% 2 p.p reduction in energy losses 221 202 2% increase on energy distributed + USD 11 mn related to Enel X 9M 2018 9M 2019 additional EBITDA on e-transportation
Slide 14: Profit & Loss
Profit & Loss (USD mn)¹ 9M 2019 9M 2018 ∆ yoy EBITDA² 1,181 825 +43% Higher D&A mainly due to impairment D&A (667) (229) +191% of coal-fired power plants of which Impairment³ (405) - N.A. Higher Financial Expenses related to Elqui EBIT 514 596 -14% project and the consolidation of EGP Chile Financia
Slide 15: Cash flow
Cash flow (USD mn)¹ 1,181 177 1,004 768 (413) (96) 672 (113) 559 559 (296) 263 263 (78) (342) Reported Δ Working Income Financial FFO Capex FCF Dividends Net EBITDA Capital Taxes expenses paid FCF & Others One - Off (PPA) 9M18² 900 9 (122) (89) 698 (323) 376 (358) 18 1. 2019 average exchange rate fo
Slide 16: Debt and financial expenses
Debt and financial expenses (USD mn)¹ Gross and net debt Net debt evolution ND/EBITDA 2.7x 2.1x +2% -3% 3,770 3,650 (263) 342 (6) 3,333 IFRS 16 53 590 303 245 3,406 3,280 3,467 3,406 Sep 2018 Sep 2019 Jan 1st, 2019 FCF Dividends Fx 9M 2019 paid conversion Net debt Cash Sep/19 Average Maturity: 6.7 y
Slide 17: Energy tariff stabilization mechanism
Energy tariff stabilization mechanism Mechanism Overview Main takeaways Expected mechanism evolution¹ Up to Dec-20 Jan-21 to Jun-23 Jul-23 to Dec-25 Jan-26 to Dec-27 Regulated customers tariff will be reverted to 1H2019 Fixed prices Fixed prices + IPC Max (A; B) Max (A, B) + readjustment level and k
Slide 18: Closing remarks
Closing remarks Enel Chile continues to pursue a sustainable growth fostering customer satisfaction and responsible energy consumptions Renewable Infrastructure Growth & networks Client long-term partnership, decarbonization, portfolio mix and digitalization continues to driver our growth SDG commit
Slide 19: Contact us
9M 2019 consolidated results Contact us Contacts Email ir.enelchile@enel.com Phone +56 2 2630 9606 Isabela Klemes Channels Head of Investor Relations Enel Chile Website Investor Relations team Enel.cl Catalina González Claudio Ortiz Pablo Contreras Gonzalo Juarez Follow us 18
Slide 20: Disclaimer
9M 2019 Results Disclaimer This presentation contains statements that could constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements appear in a number of places in this announcement and include statements regarding the intent