Colbun Sa · BCS:COLBUN
Colbun Sa — Q1 2019 Earnings Presentation
15 slides from Colbun Sa's earnings presentation, May 2019
Slide 1: 1Q19 Earnings Review
1Q19 EARNINGS REVIEW MAY 2019
Slide 2: Disclaimer and Contact Information
DISCLAIMER AND CONTACT INFORMATION ▪ This document provides information about Colbún S.A. In no case this document constitutes a comprehensive analysis of INVESTOR RELATIONS the financial, production and sales situation of the company. TEAM CONTACT ▪ To evaluate whether to purchase or sell securitie
Slide 3: Agenda
AGENDA COMPANY HIGHLIGHTS FINANCIAL REVIEW GROWTH OPPORTUNITIES
Slide 4: Company Highlights 1Q19
Company Highlights 1Q19 1. DIVIDENDS 2. GROWTH OPPORTUNITIES 3.COMMERCIAL STRATEGY 1. A final dividend of Regarding growth, US$156 million, which Colbún made public the During 2019, the added to the US$84 acquisition of the Company has million paid on December projects Diego de contracted 2018 will
Slide 5: 1Q19 main consolidated figures
Company Highlights 1Q19 main consolidated figures US$ 162 mm 1.2x 3,893MW EBITDA Net Debt/ Inst. Capacity Gx US$129mm / Tx US$20mm EBITDA LTM 3,328 MW/ 565 MW US$13 mm US$ 66mm 4.5% 26 Avg. Power Plants Net Income Interest Rate1 25/ 1 Transmission Assets BBB S&P/Fitch US$ 816mm Baa2 Moody’s 941km Tx
Slide 6: Agenda
AGENDA COMPANY HIGHLIGHTS FINANCIAL REVIEW GROWTH OPPORTUNITIES
Slide 7: Gx Chile: Generation & physical sales balance
Financial review Gx Chile: Generation & physical sales balance Generation (GWh) 1Q18 1Q19 QoQ Hydraulic 1,409 1,194 (15%) Thermal 2,020 2,114 5% MAIN VARIATIONS 1Q19 / 1Q18 Gas 1,269 1,363 7% Diesel 15 52 245% ▪ Total generation decreased, mainly due to: Coal 736 699 (5%) - Lower hydro and coal gene
Slide 8: Gx Business: Operating Income analysis
Financial Review Gx Business: Operating Income analysis US$ million 1Q18 1Q19 QoQ MAIN VARIATIONS 1Q19 / 1Q18 Revenues 337 329 (2%) ▪ Revenues decreased, mainly due to: - Lower sales to regulated customers Raw Materials and Consumables (176) (178) 1% Used Partially offset by: Personnel and other ope
Slide 9: Tx Business in Chile: Operating Income analysis
Financial Review Tx Business in Chile: Operating Income analysis US$ million 1Q18 1Q19 QoQ MAIN VARIATIONS 1Q19 / 1Q18 Revenues 19 22 15% ▪ Revenues for 1Q19 amounted to US$22 Raw Materials and Consumables million, of which 30% correspond to revenues (3) (2) (18%) Used from national assets, 17% from
Slide 10: Gx Peru: generation & physical sales
Financial Review Gx Peru: generation & physical sales Generation (GWh) 1Q18 1Q19 QoQ MAIN VARIATIONS 1Q19 / 1Q18 Thermal – Gas 605 932 54% ▪ Total generation increased, mainly due to: Total Own Generation 605 932 54% - Scheduled annual maintenance carried out during January and February, while Sales
Slide 11: Peru: Operating Income analysis
Financial Review Peru: Operating Income analysis US$ million 1Q18 1Q19 QoQ MAIN VARIATIONS 1Q19 / 1Q18 Revenues 53 53 0% ▪ Revenues reached US$53 million, in line with Raw Materials and Consumables 1Q18 (41) (38) (7%) Used Personnel and other operating ▪ Raw Materials and Consumables Used (2) (2) 0%
Slide 12: Consolidated: Non-Operating Income analysis
Financial Review Consolidated: Non-Operating Income analysis US$ million 1Q18 1Q19 QoQ MAIN VARIATIONS 1Q19 / 1Q18 Financial Income 5 6 31% ▪ Non-operating income recorded lower Financial Expenses (21) (21) (2%) losses, mainly explained by: - Positive effect of the variation of the Exchange Rate Dif
Slide 13: Agenda
AGENDA COMPANY HIGHLIGHTS FINANCIAL REVIEW GROWTH OPPORTUNITIES
Slide 14: Attractive portfolio of growth options
Attractive portfolio of growth options Expansion considerations LOCAL EXPANSION INTERNATIONAL EXPANSION Generation Business 1. Preference for assets in 1. Pipeline of Renewable Projects operation (brownfields) a. Horizonte wind farm (607 MW) 2. Incorporate partners with b. Diego de Almagro Sur I and
Slide 15: Slide 15