Slide 1: Enersis YE 2012 results
31 | 01 | 2013 enersis YE 2012 results
Slide 2: Highlights in 2012
Enersis consolidated results YE 2012 Highlights in 2012 Distribution: an increase in 3,552 GWh in physical sales and almost 360,000 new customers were added in 2012, exceeding 14 million clients. Generation: the markets where Enersis operates have shown a 4.5% average increase in demand but, the unf
Slide 3: Key physical data and EBITDA structure
Enersis consolidated results YE 2012 Key physical data and EBITDA structure Physical data (GWh) YE 2012 Chile Brazil Peru Colombia Argentina TOTAL ENERSIS 20,194 153 58,694 Other 13,294 153 8,820 11,289 Thermal 602 23,505 5,177 20,694 8,740 17,738 73,104 14,445 8,488 Hydro 4,141 12,692 13,364 11,221
Slide 4: Demand evolution and spot prices
Enersis consolidated results YE 2012 Demand evolution and spot prices Latam countries where Enersis operates showed an average weighted growth by TWh +4.5%¹ 199.0 -2.2% 194.7 Average spot prices 2 85.5 58.4% 64.5 382.5% 28.4% 40.7 -9.2% 29.0 17.7 22.9 29.4 26.3 YE 2011 YE 2012 YE 2011 YE 2012 YE 201
Slide 5: Income Statement
Enersis consolidated results YE 2012 Income Statement 1 Th US$ YE 2011 YE 2012 Change Ch$ Million YE (*) 2012 Revenues 6,534,880 6,577,667 0.7% 13,517,884 Gross Margin 2,996,446 2,860,542 -4.5% 5,878,752 EBITDA 2,127,368 1,982,924 -6.8% 4,075,144 Operating Income 1,566,311 1,496,965 -4.4% 3,076,439
Slide 6: Gross margin
Enersis consolidated results YE 2012 Gross margin¹ 2,996,446 -11.1% +2.2% 2,860,542 Ch$ Million YE 2011 Generation Distribution YE 2012 CHI: The higher energy purchases and lower energy generation, in addition COL: Higher physical sales and average sale prices and lower energy to lower average sales
Slide 7: EBITDA in Generation and Distribution
Enersis consolidated results YE 2012 EBITDA in Generation and Distribution¹ Ch$ Million Generation Distribution 1,200,281 50,562 1,036,719 -13.6% 2.1% 959,937 290,773 29,093 939,597 Argentina 376,127 249,918 314,097 141,379 Colombia 92,352 94,895 230,608 139,991 Peru 207,207 458,592 421,575 Brazil 4
Slide 8: Commercial policy and sales strategy
Enersis consolidated results YE 2012 Commercial policy and sales strategy South America (% estimated output hedged) 70.2% 65.0% Contracting level in Latin America that optimizes margin and risk exposure 33% of the generation sold through contracts > 5 years 2012 2013 and 22% through contracts > 10 y
Slide 9: Commercial Policy
Enersis consolidated results YE 2012 Commercial Policy Total Generation Sales YE 2012 25% 49% 26% Chile Brazil Peru Colombia Argentina 4% 5% 11% 28% 18% 30% 30% 66% 52% 65% 53% 37% 82% 19% Regulated Sales Unregulated sales Spot sales Chile Brazil Peru Colombia Argentina Total Var v/s Var v/s Var v/s
Slide 10: Efficiency Programs
Enersis consolidated results YE 2012 Efficiency Programs Enersis’ Synergy Plan Enersis’ Zenith Plan M€ 185 100% 100% M€ 89 Capex 2% Others: 2% 100% 100% Overperformance Overperformance M€ 40 M€ 20 Generation 27% Opex 34% Generation 38% Opex Target to 83% FY 2012 M€ 144 Distribution Target to Margin
Slide 11: Regulation update: Latam
Enersis consolidated results YE 2012 Regulation update: Latam Punta Alcalde power plant approval: • As of December 3 2012, the Minister Committee approved the environmental permission. Chilectra, 2012 Tariff Revision: Chile • On September 3, the tariff revision reports were finished and sent to
Slide 12: Growth platform
Enersis consolidated results YE 2012 Growth platform Solid organic, and sustained growth in Distribution 359 thousand new customers in current distribution areas in 2012 in comparison to 2011. 2.4% increase in electricity consumption per household during the year. The future brings smart grids
Slide 13: Growth platform: Key Projects
Enersis consolidated results YE 2012 Growth platform Key Projects - Basic engeneeryng Country Project MW Technology Los Cóndores 150 Hydroelectric Curibamba 188 Hydroelectric Renaico 88 Wind Farm Neltume 490 Hydroelectric Punta Alcalde 740 Thermal Hidroaysen 1,403 Hydroelectric TOTAL 3,059 Jamanxim
Slide 14: A solid financial position
Enersis consolidated results YE 2012 A solid financial position Net debt evolution in YE 2012 Ch$ Million • Enersis liquidity ex Endesa Chile covers 45 months of debt maturities including interest expenses • Enersis liquidity covers 33 months of debt maturities including interest expenses ¹ Cash flo
Slide 15: Expecting better conditions for the coming months
Conclusions YE 2012 Expecting better conditions for the coming months The strong growth shown by the five countries and the economic expectations, help to guarantee the continuing growth in electricity demand close to a 5%. Tough hydrological scenarios, as seen in Chile during the last three yea
Slide 16: Disclaimer
Enersis consolidated results YE 2012 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
Slide 17: We are here to help you
Call us! We are here to help you Ricardo Alvial Denisse Labarca Investments & Risks Director Head of Investor Relations mlmr@enersis.cl denisse.labarca@enersis.cl 56 (2) 2353-4682 56 (2) 2353-4576 Melissa Vargas Jorge Velis Javier Hernandez Carmen Poblete Investor Relations Investor Relations Invest
Slide 18: Appendices
appendices
Slide 19: Installed capacity and output per country
Appendices YE 2012 Installed capacity and output per country¹ MW at YE 2012 Chile Colombia Brazil Peru Argentina Total Total 5,961 2,914 987 1,658 3,652 15,173 Hydro 3,456 2,471 665 746 1,328 8,666 Installed Coal 636 236 0 0 0 872 Capacity Oil-Gas ¹ 1,782 208 322 912 2,324 5,548 CHP / Renewables 87
Slide 20: Enersis: financial debt maturity calendar
Appendices YE 2012 Enersis: financial debt maturity calendar Debt by Country (Million Ch$) 2013 2014 2015 2016 2017 Balance TOTAL Chile 212,825 360,603 108,367 226,733 9,231 462,394 1,380,154 Argentina 137,526 20,251 3,429 - - - 161,206 Peru 56,927 57,294 42,776 44,768 40,657 98,254 340,676 Brazil 1
Slide 21: Enersis: financial debt maturity calendar
Appendices YE 2012 Enersis: financial debt maturity calendar Debt maturity profile outstanding as of December 31, 2012 US$ million 2,500 2,313 2,000 1,500 1,000 917 704 764 510 497 512 500 381 250 129 118 140 0 < 1 year 1-2 years 2-3 years 3-4 years 4-5 years 5 years and beyond Bonds Banks and other
Slide 22: Enersis Group in Chile
Enersis’ unique business platform Enersis Group in Chile Generation Distribution ENDESA CHILE CHILECTRA Total Generation: 20,194 GWh Distribution area: Santiago de Chile Tarapacá Market Share¹: 33% Wind 1.7 million customers Hydro Thermal 153 11,221 GWh 8,820 GWh Energy losses 5.4% GWh D. Almagro–Ta
Slide 23: Enersis Group in Colombia
Enersis’ unique business platform Enersis Group in Colombia Generation Distribution EMGESA CODENSA Total Generation: 13,294 GWh Distribution area: Bogotá Market Share¹: 20% 2.7 million customers Hydro Thermal 12,692 GWh 602 GWh Energy losses 7.5% (4%) (96%) Ch$ Million YE 2012 YE 2011 Change Ch$ Mil
Slide 24: Enersis Group in Peru
Enersis’ unique business platform Enersis Group in Peru Generation Distribution EDEGEL EDELNOR Total Generation: 8,740 GWh Distribution area: Northern Lima Market Share¹: 24% 1.2 million customers Hydro Thermal 4,599 GWh 4,141 GWh Energy losses 8.2% 53% 47% Ch$ Million YE 2012 YE 2011 Change Ch$ Mil
Slide 25: Enersis Group in Brazil: Generation
Enersis’ unique business platform Enersis Group in Brazil Generation Total Generation: 5,177 GWh Market Share¹: 1% CACHOEIRA FORTALEZA Hydro Thermal 3,722 GWh 1,454 GWh Ch$ Million YE 2012 YE 2011 Change Ch$ Million YE 2012 YE 2011 Change Revenues 155,195 126,646 22.5% Revenues 139,186 129,485 7.5%
Slide 26: Enersis Group in Brazil: Distribution
Enersis’ unique business platform Enersis Group in Brazil Distribution AMPLA COELCE Distribution area: Río de Janeiro State Distribution area: Ceará State 2.7 million customers 3.3 million customers Energy losses 19.6% Energy losses 12.6% Ch$ Million YE 2012 YE 2011 Change Ch$ Million YE 2012 YE 201
Slide 27: Enersis Group in Argentina
Enersis’ unique business platform Enersis Group in Argentina Generation Distribution Total Generation: 11,289 GWh EDESUR Market Share¹: 12% Distribution area: Southern Buenos Aires EL CHÓCON 2.4 million customers Energy losses 10.6% Hydro 2,801 GWh Ch$ Million YE 2012 YE 2011 Change Ch$ Million YE 2
Slide 28: This document is the property of ENDESA
“This document is the property of ENDESA and therefore must not be disseminated or published without ENDESA's prior written consent. The content of this document is provided for information purposes only and therefore has no contractual substance and should not be used as part of or construed as a l