Colbun Sa · BCS:COLBUN
Colbun Sa — LV 16th Annual Andean Conference (March 2022)
33 slides from Colbun Sa's conference presentation, March 2022
Slide 1: VII L Z ii
VII L Z ii LETT eSSLLLLT? LL
Slide 2: Content
CONTENT , ere 9 oe © Ccolbun
Slide 3: Company overview
= COMPANY OVERVIEW , -| \OUR STRATEGY AND MARKET CONDITIONS f ‘KEY FINANCIAL FIGURES : ene FRAM EWORK ~ 4 an Se es Ccolbun ee OF saa |
Slide 4: Leading position in Chile & Peru
Leading position in Chile & Peru • • •
Slide 5: Leading position in Chile & Peru
Leading position in Chile & Peru TOTAL ASSETS US$1,419mm
Slide 6: Our strategy and market conditions
Co -| COMPANY oveRvIEW _| f= =OUR STRATEGY AND MARKET CONDITIONS CONTENT
Slide 7: Summary
Summary Strengthen our competitiveness by: Develop a project portfolio that has the Focus on unregulated clients with an - Continuous improvement in potential to add 4,000 MW capacity by attractive value proposition productivity and efficiency 2030 and to operate in the lower quartile - Respond to t
Slide 8: Markets Update
@ MARKET CONDITIONS Markets Update Co LTM GENERATION I DEMAND GROWTH | MARGINAL COST US$/MWh GWh 12 months average % J -~ QHydro SEN Alto Jahuel OCoal 5% OGas and LNG SEN @Diesel | 89 30 cw Wind < a =. so >sse mo G r= ¥ +15.8% us Soe SPS EFSSS SET TS SPS 3FFIZRESE peat @Others 2021 2021 / E ae SSS S
Slide 9: Short terms challenges
e@ MARKET CONDITIONS thot terms challenges THERMAL — ay Le = TRANSMISSION al a GENER = peel PRICES INFRASTRUCTURE ] SS Se Hydrology in 2021. was There | 9s been nan: | ‘uel hn have Thetcansmission at its lowest historical intensive use en thegmal = ne si eed system has.been under levels ; power plan
Slide 10: Cost efficient & diversified asset base
Cost efficient & diversified asset base
Slide 11: Cost efficient & diversified asset base
Cost efficient & diversified asset base 220 MW 662 MW 249 MW 324 MW 172 MW
Slide 12: Delivery of focused value added services
@ MARKET CONDITIONS Delivery of focused value added services ag We are serving an increasing number of costumers Expanded delivery of value- €Colbun 5 19 «#19 19 19 19 added services by S bigest he) i) ma) acquiring Efizity renovable 2016 2017 2018 2019 5 f 2020 CY] : 5 : : a is Camanchaca — Power C
Slide 13: Content
~ ONTENT ° ° ° . . ° ° . . C tas? */ PIPELINE OF PROJECTS ‘| FENIX POWER -1- COMPANY OVERVIEW | Ccolbun r OUR STRATEGY:AND MARKET CONDITIONS ~ KEY FINANCIAL FIGURES ‘+ REGULATORY FRAMEWORK | + SUSTAINABILITY 12
Slide 14: Prudent financial management
Prudent financial management
Slide 15: Key financial figures
@ KEY FINANCIAL FIGURES | Ccolbun 1. EBITDA & EBITDA MG. (uss million & %) 2. NET INCOME (uss million) [SEBITDA Chile EEQIEBITDA Fenix —*—=EBITDA Mg 51% 45% 44% 47% x a eX iy _— > 639 648 627 617 450 2017 2018 2019 2020 2021 3. DEBT & NET DEBT. (us$ million)* 540 289 250 202 89 2017 2018 2019 2020 2
Slide 16: Dividend Policy
The Dividend Policy approved by the 2021’s Annual Shareholders Meeting is 50% of the net income.
Slide 17: Content
ENT | CON ° ¢ © © @. Ge A COMPANY OVERVIEW | OUR STRATEGY AND MARKET CONDITIONS Wj, , | cr KEY FINANCIAL FIGURES ~ 4 REGULATORY FRAMEWORK PIPELINE OF PROJECTS c FENIX POWER | SUSTAINABILITY | Cation 16
Slide 18: Recent developments in Chile
Recent developments in Chile
Slide 19: Content
CONTENT eee [KEY FINANCIAL FIGURES a REGULATORY FRAMEW me 3 ~=©PIPELINE OF PROJECTS { FENIX POWER | | ‘| SUSTAINABILITY | Ccolbun 18
Slide 20: Attractive portfolio of growth options
Attractive portfolio of growth options
Slide 21: Attractive portfolio of growth options
Attractive portfolio of growth options
Slide 22: Content
ONTENT -| COMPANY OVERVIEW | Ccolbun rc OUR STRATEGY AND MARKET-CONDITIONS cr KEY FINANCIAL FIGURES ‘ REGULATORY FRAMEWORK ° . ef . ° . . Py -/ PIPELINE OF PROJECTS \ a55 FENIX POWER e-| SUSTAINABILITY 24
Slide 23: Fenix Power: Company overview
~ FENIX POWER @ / Company overview * Tica ai : ky ONE OF THE MOST EFFICIENT CCGT IN PERU <= 6 Based on Heat Rate _ J) aa INSTALLED CAPACITY ANNUAL GENERATION yy) 573 MW 3.4 TWh/year" $= AVERAGE ENERGY COMMITMENTS Ate Bae yer — 2.8 TWh/year Nal ee =) Note: All figures as of Dec21 25 1 Average net ann
Slide 24: Fenix Power: Key financial figures
- FENIX POWER @ Key financial figures C colbun haiti REVENUES. (us$ million)’ 2. EBITDA (US$ million)? 70 = 70 54 193) | 202) 475] |459| | 172 36 CO NS a 2017 2018 += 2019 -=S 202022021 3. GROSS DEBT/EBITDA (x2 4. FINANCIAL EXPENSES COVERAGE (x)? 3,6 98 ad in 31 Se 4,8 5,3 4,6 2:0 2017-2018 = 2019»
Slide 25: Fenix Power: Commercial strategy
- FENIX POWER @ Commercial strategy / oveearionst LONG-TERM CONTRACTS 1. NATURAL GAS CONTRACT Camisea Consortium/ Dec 2029 2. NATURAL GAS TRANSPORT TGP/ May 2032 3. GAS DISTRIBUTION & O&M Calidda/ Mar 2033 4. ELECTRIC TRANSMISSION & O&M Transmantaro Consortium/ Feb 2033 5. CONTRACT SERVICE AGREEMENT
Slide 26: Sustainability
NABILITY aL Hoo .
Slide 27: Our Pathway
\ Business er : Angostura = Sustainability 2 portability progresses : ae i ae A. Tigeroelectric ie ee oa integration is ~ ESG commitments Integrated in swe of Complex ~y SUSI “listing” (Chile & MILA) reinforced as goals ogemblc the Company Environmental and - Stakeholder surveys Growth focus on - Fi
Slide 28: Our ESG goals and highlights
Our ESG goals and highlights Operational (m3/MWh):
Slide 29: Appendix
Slide 30: Perú: Change in gas price declaration methodology
Perú: Change in gas price declaration methodology
Slide 31: Recent developments in Chile
Recent developments in Chile
Slide 32: Recent developments in Chile
Recent developments in Chile
Slide 33: Disclaimer & Contact Information
@ DISCLAIMER & CONTACT INF = This document provides information about Colbun S.A. In no case this document constitutes a comprehensive analysis of the financial, production and sales situation of the company. = To evaluate whether to purchase or sell securities of the company, the investor must cond
Colbún — LV 16th Annual Andean Conference (March 2022) on 6ix