Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Q1 2020 Earnings Presentation
21 slides from Enel Chile Sa's earnings presentation, May 5, 2020
Slide 1: Enel Chile Q1 2020 Consolidated results
Enel Chile Q1 2020 Consolidated results May, 5th 2020
Slide 2: Key highlights of the period
Key highlights of the period Business Corporate Shareholder Digitalization Liquidity continuity Governance remuneration Business 2019 Dividends Company fully Recognized by US$1Bn continuity 60% payout operational Corporate liquidity of cash and stability adjusted by despite global practices1 and des
Slide 3: Responding to COVID-19: safety of our people and business continuity
Responding to COVID-19 Measures to ensure the safety of our people and business continuity Main measures already in place Preventive measures and actions in accordance with the WHO1 and the Chilean Ministry of Health recommendations Remote working fast implementation and focus on safeguarding our pe
Slide 4: Responding to COVID-19: supporting clients and communities
Responding to COVID-19 Measures to support our clients services and communities Main measures already in place APP Clients Reinforcement of our digital channels, allowing our clients to manage their bills and to get answers to questions from home “Enel Clientes Chile” Special campaigns to increase a
Slide 5: Q1 2020 Financial results
Q1 2020 Financial results
Slide 6: Financial highlights (USD mn)
Financial highlights (USD mn) EBITDA1 Net Income1 Capex1 FFO1 Net Debt 243 88 117 57 3,393 Q1 2019 2802 1142 71 174 3,2713 1. Reported figures. Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period 804.47 CLP/USD 5 2. Adjusted by a PPA
Slide 7: Business continuity: sustainable capex plan
Sustainable capex plan Business continuity: sustainable capex plan Execution of our sustainable capex plan, 95% linked to SDGs Capex by business and by nature1 Capex asset development by business1 9% 13% 21% Q1 2020 Q1 2020 Q1 2020 7% 91 USD mn 91% 117 USD mn 117 USD mn +65% yoy 74% +65% yoy +83% yo
Slide 8: EBITDA evolution
EBITDA evolution1 Results driven by commodities scenario EBITDA evolution (USD mn) -13% (151) 430 (10) (16) (17) 6 280 243 Q1 2019 PPA early Q1 2019 Hydrology Net commodity Natural gas PPA indexation and Q1 2020 termination proforma coverage Wholesale others 1. Reported figures. Comparisons between
Slide 9: Generation Business: Main KPIs
Decarbonization & renewables Generation Business Main KPIs Production (TWh) Energy balance (TWh) Sector KPIs January February March Chilean system 2019 2.2 1.6 1.5 -13% -2% hydro production (TWh) 2020 2.0 1.6 1.3 5.5 4.8 5.9 5.9 5.8 5.8 0.8 0.4 0.8 1.0 2019 62.0 62.2 61.5 0.8 System marginal 0.1 0.3
Slide 10: Generation Business: portfolio mix and EBITDA
Decarbonization & renewables Generation Business Portfolio mix confirms high margins, despite one offs impacts EBITDA evolution (USD mn)1 Net Installed Capacity (GW) 66% emissions free -13%2 generation (+5% YoY) 382 6% 65% 9% Renewable PPA early Positive PPA indexation (USD 15mn) (+1% YoY) terminati
Slide 11: Networks and Enel X business: Main KPIs
& Ecosystems Enabling Infrastructure Networks and Enel X business Main KPIs Enel X main KPIs Networks digitalization main KPIs Q1 2019 Q1 2020 Q1 2019 Q1 2020 Electric buses1 102 285 Telecontrol equipment installation 1,780 2,206 Charging Points1 (public and private) 274 493 Online bill payment rati
Slide 12: Networks and Enel X: Steady EBITDA evolution
& Ecosystems Enabling Infrastructure Networks and Enel X business Steady EBITDA evolution EBITDA evolution1 (USD mn) Main KPIs Q1 2019 Q1 2020 I&N -1% End users (mn) 1.93 1.98 Smart lightening new contracts 57 56 Energy distributed (TWh)2 4.2 4.3 Tariff Indexation SAIDI3 LTM (minutes) 182 190 Timing
Slide 13: Profit & loss (USD mn)
Profit & loss (USD mn)1 Q1 2020 Q1 2019 ∆ yoy EBITDA 243 430 -44% D&A (76) (72) +6% D&A driven by accelerated depreciation as part of our Impairment and Bad Debt (6) (2) +158% decarbonization strategy and higher investments in Dx EBIT 160 356 -55% Financial expenses (32) (37) -14% PPA early terminat
Slide 14: Debt (USD mn)
Debt (USD mn)1 Cost of debt declined by 52 bps Gross debt Net debt evolution +4% +16% 4,170 117 40 22 (57) 3,585 3,393 777 3,271 314 3,271 3,393 2 2 2 Dec 31, 2019 Mar 31, 2020 Dec 31, 2019 FFO Capex Dividends FX Mar 31, 2020 Paid Net debt Cash Cost of gross debt3: 4.7% (vs 5.2% Dec 2019) Average Ma
Slide 15: Liquidity position
Liquidity position Business continuity supported by liquidity position Liquidity Position (US$ Bn) Debt maturity (US$ Bn) 98% of gross debt has a fixed rate 3.5 3.0 3.0 0.2 2.5 97% of gross debt is USD 2.0 denominated 1 US$ bn 1.5 1.0 0.5 Smooth debt maturity profile 0.8 0.5 0.2 0.2 0.3 0.0 2020 202
Slide 16: Closing remarks
Closing remarks Quick management reaction to COVID Digitalization will be Focus on the Liquidity to pandemic key to meet sustainability of our support global supporting business customers new business and long headwinds continuity needs and behavior term strategy 15
Slide 17: Annexes
Enel Chile Q1 2020 Consolidated results Annexes
Slide 18: ESG Focus Indexes and Recognitions
ESG Focus Indexes and Recognitions Indexes, recognitions and certifications Enel Chile is part of Chile Index the Robecco SAM Enel Chile “A” rate in 2019 Emerging MILA Index Market and Sustainability ISO 37001 Emerging Markets Index Latin America Yearbook 2020 certification Emerging Market Index (Br
Slide 19: Credit Rating
Credit Rating Enel Chile and Enel Generación Chile International market Chilean market Enel Chile Enel Chile Standard & Poor’s Moody’s Fitch Ratings Feller Rate Affirmed Oct/19 Affirmed Jun/19 Upgrade Jan/20 Affirmed Jul/19 Enel Generación Enel Generación Standard & Poor’s Moody’s Fitch Ratings Fitc
Slide 20: Disclaimer
Q1 2020 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
Slide 21: Contact us
Q1 2020 consolidated results Contact us Contacts Email ir.enelchile@enel.com Phone +56 2 2630 9606 Channels Follow us Website Isabela Klemes Enel.cl Head of Investor Relations Enel Chile Investor Relations team Mobile App Catalina González Enel Investors Claudio Ortiz Pablo Contreras Download app Go