Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Endesa Chile — Q1 2015 Earnings Presentation
20 slides from Enel Chile Sa's earnings presentation, Apr 29, 2015
Slide 1: Endesa Chile 1Q15 Results
Endesa Chile 1Q15 Results April 29th,2015
Slide 2: Highlights
Highlights Higher energy demand in all the countries where we operate +4.1% in Chile; +3.3% in Colombia; +5.3% in Peru; and +7.2% in Argentina Better performance in Chile due to GasAtacama and higher energy sales Higher performance in Colombia due to greater margin offset by wealth tax Consolidated
Slide 3: Consolidated financial highlights
Consolidated financial highlights 1 MM US$2 Ch$ million 1Q15 1Q14 Change 1Q15 Revenues 639,772 520,726 23% 1,024 Costs (345,018) (282,571) 22% (552) Contribution Margin 294,754 238,155 24% 472 EBITDA 224,940 183,643 22% 360 EBIT 168,008 136,012 24% 269 Net Financial Expenses (41,789) (48,707) (14%)
Slide 4: Diversified source of EBITDA
Diversified source of EBITDA Total Installed Capacity1: Total Generation: 14,735 MW 12,403 GWh Argentina Argentina 25% 23% Chile 34% Chile 43% Peru 11% Peru 17% Colombia EBITDA 1Q15 Colombia 21% 26% US$ 360 million Argentina 6% Peru Chile 20% 31% Enel Brasil • Endesa Chile’s ownership: 37.1%. • Net
Slide 5: Balanced commercial policy
Balanced commercial policy Physical Sales as of March 2015: 14,554 GWh Chile Colombia Peru Argentina 5% 13% 6% 19% 31% 47% 52% 35% 76% 22% 94% Distribution Free Companies Customers Spot Physical Sales as of March 2015 Gwh / Change1 CHILE COLOMBIA PERU ARGENTINA TOTAL REGULATED 4,360 11% 1,733 1% 1,1
Slide 6: Healthy debt maturity profile
Healthy debt maturity profile Financial Debt Maturity1 as of March 2015 • Debt reduction: 2.500 US$ 660 MM US$ million 2,084 Total Debt: US$ 3,185 MM 2.000 • Cash: 1.500 US$ 217 MM 1.000 • Committed Credit Lines: 500 US$ 326 MM 208 122 163 167 174 94 94 18 51 6 4 0 • Non-Committed Credit Lines: < 1
Slide 7: Consistent consolidated Cash Flow Generation
Consistent consolidated Cash Flow Generation (US$ million)1 360 322 7 8 (67) (71) (85) (95) (158) (190) EBITDA Net Financial Expenses Payments for Additions of Income Tax Free Cash Flow Fixed Assets 1Q14 1Q15 *Attributable to each period 1Amounts translated into US$ at the average exchange rate for
Slide 8: Argentina
Argentina Installed Capacity: 3,652 MW Market Share*: 11% Total Generation: 2,792 GWh EL CHOCON Hydro El Chocón: 1,328 MW 1,328 MW Million US$ 2015 2014 Change Revenues 11 10 11% EBITDA 6 5 23% EBITDA Margin 54.1% 49.1% 10% Physical Sales (GWh) 727 735 (1%) Buenos Aires Costanera COSTANERA Costanera
Slide 9: Chile
Chile Installed Capacity: 6,351 MW Market Share*: 32% Total Generation: 4,272 GWh Tarapaca ENDESA CHILE GasAtacama Los Molles: 18 MW Rapel-Sauzal: 466 MW D. Almagro–Taltal Maule: 875 MW 54% Hydro Laja: 940 MW 3,456 MW Huasco Ralco-Pangue: 1,157 MW Los Molles GasAtacama 780 MW San Isidro Santiago Tar
Slide 10: Colombia
Colombia Installed Capacity: 3,059 MW Market Share*: 20% Total Generation: 3,196 GWh Cartagena EMGESA Guavio: 1,213 MW Betania: 541 MW 85% Hydro 2,615 MW Termozipa Río Bogotá: 861 MW Bogota Guavio Cartagena: 208 MW 15% Thermal Betania Termozipa: 236 MW 444 MW Río Bogota Million US$ 2015 2014 Change
Slide 11: Peru
Peru Installed Capacity: 1,673 MW Market Share*: 19% Total Generation: 2,143 GWh EDEGEL Cuenca Río Rímac: 582 MW 46% Hydro Yanango: 43 MW 776 MW Chimay: 152 MW Ventanilla: 484 MW 54% Thermal Ventanilla Santa Rosa: 413 MW 896 MW Lima Río Rimac Yanango Sta Rosa Chimay Million US$ 2015 2014 Change Reve
Slide 12: Brazil
Brazil Installed Capacity: 987 MW Market Share*: 1% Total Generation: 1,207 GWh CACHOEIRA Cachoeira: 665 MW Hydro 665 MW Million US$ 2015 2014 Change Revenues 42 98 (57%) Fortaleza EBITDA 34 72 (52%) EBITDA Margin 81.7% 73.2% 12% Physical Sales (GWh) 797 1,189 (33%) Cachoeira FORTALEZA Fortaleza: 32
Slide 13: Projects under construction
Projects under construction El Quimbo • Hydro power plant, located in the Huila Department, Colombia • Utilizes the flow coming from the Magdalena River. • 400 MW of installed capacity with an estimated load factor of 60%. • 91% progress as of April, 2015 . • Beginning the work to prepare the bottom
Slide 14: Summary
Summary Higher consolidated energy sales due to increasing electric demand Consolidated EBITDA increased by 22% and Net Income by 9% LNG potential increase offtake Bocamina I started testing period Solid financial position 14
Slide 15: Endesa Chile's Investor Relations Team
Endesa Chile´s Investor Relations Team Susana Rey Catalina Gonzalez Head of Investor Relations Investor Relations Senior (56) 22630 9606 Analyst susana.rey@endesa.cl (56) 22630 9603 cbgs@endesa.cl Guillermo Berguecio Francisco Basauri Investor Relations Analyst Investor Relations Analyst (56) 22630
Slide 16: Exhibits
EXHIBITS endesa chile
Slide 17: Installed capacity and energy generation
Installed capacity and energy generation MW CHILE COLOMBIA PERU ARGENTINA TOTAL HYDRO 3,456 2,615 776 1,328 8,154 COAL Installed 636 236 - - 872 Capacity (MW) OIL-GAS 2,173 208 896 2,324 5,602 NCRE 87 - - - 87 Total 6,351 3,059 1,673 3,652 14,735 Gwh / Change1 CHILE COLOMBIA PERU ARGENTINA TOTAL HYD
Slide 18: Strong financial position
Strong financial position Th US$1 Ch$ Million 1Q15 1Q14 Change % Change 1Q15 Gross Debt 2,038,522 2,116,462 (77,940) (4%) 3,253 Cash 136,741 336,629 (199,887) (146%) 218 Net Debt 1,901,780 1,779,833 121.947 6% 3,135 Leverage 1.04 1.05* (0.01) (1%) 1.04 Financial Coverage 5.05 3.56 1.49 42% 5.05 1Amo
Slide 19: Healthy debt maturity profile in each country
Healthy debt maturity profile in each country Financial Debt Maturity1, as of March 2015 US$ million 2015 2016 2017 2018 2019 Balance TOTAL Chile 218 11 11 11 65 1,185 1,501 Argentina 32 34 6 1 1 39 113 Peru 24 98 51 37 17 28 255 Colombia 0 0 66 85 141 1,025 1,316 TOTAL2 274 142 134 134 224 2,277 3,
Slide 20: among other things: (1) Endesa Chile’ business plans; (2) Endesa Chile’ cost-reduction plans; (3)
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, belief or current expecta