Interconexion Electrica Sa Esp · BVC:ISA

Interconexion Electrica Sa Esp — Q1 2020 Earnings Presentation

31 slides from Interconexion Electrica Sa Esp's earnings presentation, May 13, 2020

  1. Slide 1: Financial Results 2020 First Quarter

    FINANCIAL RESULTS 2020 First Quarter CONNECTIONS THAT INSPIRE May 13, 2020 © ALL RIGHTS RESERVED BY INTERCONEXIÓN ELÉCTRICA S.A. E.S.P.

  2. Slide 2: Agenda

    1 HIGHLIGHTS 2 FINANCIAL RESULTS COVID-19 3 IMPACT ON THE GROUP 4 Q&A CLOSING 5 NOTES 2 ISA S.A. E.S.P. 1Q20 FINANCIAL RESULTS © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N E L É C T R I C A S . A . E . S . P .

  3. Slide 3: Highlights

    HIGHLIGHTS © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N E L É C T R I C A S . A . E . S . P .

  4. Slide 4: ISA Group measures Covid-19

    ISA Group measures HIGHLIGHTS Covid-19 1 CRISIS COMMITTEE 2 Human resource Specialized Reactivation Humanitarian 3 committees field work protection aid 4 measures 5 Colombia 78% Cash and Colombia Work at projections Providers Chile $10.000 million home Supplying projects Projects 4 ISA S.A. E.S.P. 1

  5. Slide 5: 1Q20 Projects Awarded and Acquisitions

    1Q20 PROJECTS AWARDED AND ACQUISITIONS HIGHLIGHTS 72,7% Market share 1 2 Loma- Sogamoso + 746 Km associated Lines 3 projects 4 USD 15 5 Million Annual revenues CONTRACT TO ACQUIRE 100% USD 9,4 OF ETENORTE Y ETESELVA Million Annual revenues 5 ISA S.A. E.S.P. 1Q20 FINANCIAL RESULTS 5 © A L L R I G H T

  6. Slide 6: 1Q20 Investments

    1Q20 INVESTMENTS HIGHLIGHTS Figures in COP billion 1 Investments totaled 2 COP 987 billion 3 Other Roads Telco Peru 4 0,0% 1,3% 20,2% 8,7% 5 Colombia 24,4% Brazil 18,4% Energy Chile 90,0% 37,0% 6 ISA S.A. E.S.P. 1Q20 FINANCIAL RESULTS © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N

  7. Slide 7: 2020 General Shareholder Meeting

    2020 GENERAL SHAREHOLDER MEETING HIGHLIGHTS 1 2 Profit distribution 3 Dividends per 4 share 5 Board of Directors election Main members Independent 7 ISA S.A. E.S.P. 1Q20 FINANCIAL RESULTS © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N E L É C T R I C A S . A . E . S . P .

  8. Slide 8: 1Q20 Main Results

    HIGHLIGHTS 1Q20 MAIN RESULTS 1 Figures in COP billion 2 3 ROE 1Q20: 13,1% 4 5 1Q20 1Q19 Variation Revenues 2.070 1.816 +14,0% EBITDA 1.319 1.227 +7,5% Net Income 379 353 +7,2% 8 ISA S.A. E.S.P. 1Q20 FINANCIAL RESULTS

  9. Slide 9: Financial Results

    FINANCIAL RESULTS

  10. Slide 10: Operating Revenues

    OPERATING REVENUES C O N S O L I D AT E D I N F O R M AT I O N Others 2,5% Figures in COP billion Peru Colombia 18,8% 30,0% 14,0% BY COUNTRY $2.070 $1.816 Brazil Chile $ 29 $ 23 $2 30,9% 17,8% $ 79 $ 316 $ 222 $ 41 $ 14 Roads 13,6% 10,1% $ 1.754 $ 1.594 Telco 5,1% Operating Revenues BY BUSINESS 1Q19

  11. Slide 11: AOM

    AOM C O N S O L I D AT E D I N F O R M AT I O N Others 4,6% Peru Figures in COP billion 11,6% Colombia 39,3% BY COUNTRY 27,4% Brazil 23,8% COP 750 Chile COP 589 20,7% COP 297 COP 135 Telco 11,9% -0.3% Roads COP 454 COP 453 BY 18,0% BUSINESS Energy 70,1% 1Q19 1Q20 Construction Operation 1Q20 operatio

  12. Slide 12: EBITDA

    EBITDA C O N S O L I D AT E D I N F O R M AT I O N Others 1,7% Peru Colombia Figures in COP billion 21,3% 26,8% BY COUNTRY 7,5% Chile 1Q20 EBITDA Brazil 16,8% Margin: COP 1.319 33,4% COP 1.227 COP 18 63,8% Telco Roads 2,8% 12,1% COP 88 COP 1.301 BY 14,2% BUSINESS COP 1.139 Energy 1Q19 1Q20 85,1% Con

  13. Slide 13: Net Income

    UTILIDAD NETA C O N S O L I D AT E D I N F O R M AT I O N Others 0,9% Figures in COP billion Peru 16,8% Colombia 35,7% BY 1Q20 Net COUNTRY Margin: 7,2% 18,3% Brazil 34,7% Chile 11,9% COP 379 COP 353 COP 14 COP 0,34 Energy COP 22 COP 365 10,3% COP 0,05 Roads COP 331 BY 1Q19 1Q20 BUSINESS -COP 0,01 Te

  14. Slide 14: Consolidated Balance Sheet

    BALANCE GENERAL C O N S O L I D AT E D I N F O R M AT I O N Others 1,5% Colombia Figures in COP billion Peru 18,9% 18,1% ASSETS BY COUNTRY 5,2% Chile Brazil 27,4% COP COP 34,1% 48.793 COP 51.340 COP 27.690 30.912 11,6% Telco 2,9% Roads COP COP 17,8% 21.103 -3,2% 20.428 ASSETES BY 2019 1T20 BUSINESS

  15. Slide 15: ROE

    ROE ROE % C O N S O L I D AT E D I N F O R M AT I O N ROE % (excluding Percentage % extraordinary events) 21,7 Adjustment of the value of the RBSE: In 2016 the first value adjustment was presented, going from BRL1.4 to BRL3,9 billion, COP 1.333.710 million 12,2 In 2017, the value of the RBSE was 13,

  16. Slide 16: Debt

    DEUDA C O N S O L I D AT E D I N F O R M AT I O N BRL Figures in COP billion 14,2% USD 40,8% COP COP 1.998 DEBT BY 20.299 UF+CLP COP 250 CURRENCY 21,5% COP COP 56,7 COP 8,8 COP 222,8 18.051 COP COP 38,2 23,5% Increase Decrease Banks Balance 2019 Chile Colombia Brazil Peru Conversion Balance 35,5% Ef

  17. Slide 17: CAPEX 2020-2024 Committed Investment

    CAPEX 2020-2024 C O M M I TT E D I N V E S T M E N T Otros Figures in USD million 0,1% Perú 21,2% Colombia 26,8% The investment amount estimated for the period is CAPEX POR USD 4.363 million (COP 14,8 trillion) PAÍS USD 1.841 Chile Brasil 18,7% USD 1.198 33,2% USD 664 USD 376 USD 284 Telco 2,7% Road

  18. Slide 18: COVID-19 Impact on ISA's Group

    COVID-19 IMPACT ON ISA’S GROUP

  19. Slide 19: Impacts and management in energy transmission

    COVID-19 IMPACT Impacts and management in energy transmission 1 2 Measures and Temporary Restoration regulations suspension plan ▪ From March 16-21 (CO-PE-CL) ▪ 3,700 contractor workers ▪ ̴ 5,000 contractor workers ▪ 730 people continued (BR 705 - CO ▪ Prioritization of projects / activities ▪ Basic

  20. Slide 20: Project Restoration Plan

    COVID-19 PROJECT IMPACT RESTORATION 1. Criteria for prioritizing projects / activities 1 PLAN • Impact on the system • Approved date commissioning 2 • Environmental license status 2. Assessment by contract Restarting activities • Contingency plan (technical, health and Weeks logistics) Country 20/04

  21. Slide 21: Regulatory measures for continuity of service and user charge relief

    Regulatory measures aimed at continuity of COVID-19 service and relief of user charges under the IMPACT principle of no cost Market Structure – Revenues flow 1 2 energy User payment Measures Distribution Marketer 125 Measures USD million 4% ISA Energy Administrator Transmmition 62% Operator Transpor

  22. Slide 22: Relief measures defined by countries

    COVID-19 Relief measures defined by countries IMPACT Country Colombia Brazil Peru Bolivia Chile 1 (% ingreso) (25%) (42%) (26%) (2%) (5%) Relief Do not cut off the service to the end user and extend the payment of the invoice for the following 2 measures 2-3 months (from April) Beneficiaries • Level

  23. Slide 23: Financial impact assessment - ISA Consolidated

    Financial impact assessment COVID-19 IMPACT - ISA Consolidated- Scenario 1 Scenario 2 1 • Strong impact of Covid on health and the • Covid's strong impact on health and the 2 economy until July 2020 economy throughout 2020 and part of 2021. • Slight effects on the collection of the • Effect on the c

  24. Slide 24: Conclusions

    COVID-19 IMPACT Conclusions 1 Impacts on P&G at the consolidated level 2 ✓ Displacement of maintenance and project expenses. ✓ Savings in AOM: travel and travel, training, office expenses, etc. ✓ 2020: Increase in cost of debt in all countries, offset by lower disbursements due to capex displacement

  25. Slide 25: Conclusions

    COVID-19 IMPACT Conclusions Cash 1 Sensitivities were run by company, facing different% of income reduction, maintaining the obligations of operation, maintenance and debt service 2 ✓ There are no cash shortage periods in either of the two scenarios for any month in 2020 and 2021, this for Transport

  26. Slide 26: Q&A

    Q&A © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N E L É C T R I C A S . A . E . S . P .

  27. Slide 27: Closing Notes

    CLOSING NOTES © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N E L É C T R I C A S . A . E . S . P .

  28. Slide 28: Growth with sustainable value creation

    Growth with sustainable CLOSING NOTES value creation 1 Reduce 11 million tons of carbon dioxide. 2 Minimum increase of 70% in EBITDA with respect to 2018, reaching a minimum of COP 8 trillion in 2030 (USD 2.5 billion). Invest USD 2 billion in new energy business units and USD Investment of USD 10,5

  29. Slide 29: ISA's Share 2020

    CLOSING ISA’S SHARE 2020 NOTES AS OF 30/04/2020 Time High 1 $20.480 2 Average daily volume 45.000 19.880 21.000 (COP million) 40.000 18.800 18.200 19.000 VOLUME (COP million) 35.000 18.600 CLOSING PRICE (COP) 30.000 17.000 25.000 Variation YTD 20.000 15.000 15.000 15.480 10.000 13.000 Vs. -31,3% cha

  30. Slide 30: Disclaimer

    DISCLAIMER ISA has prepared the following report for information purposes. The Company is not liable for any investment decision based on this report. The statements contained herein reflect our current points of view regarding future events, are based on assumptions and are subject to risks and fac

  31. Slide 31: Contacts

    Contacts Carolina Botero Londoño Chief Financial Officer Gloria Cecilia Velásquez T. Investor Relations InvestorRelations@isa.com.co CONNECTIONS THAT INSPIRE ISA S.A. E.S.P. Calle 12 Sur 18 – 168 Medellín, Colombia www.isa.co NIT: 860.016.610-3 Tel: +57 4 3252270 Fax: +57 4 3170848 © A L L R I G H T

Interconexión Eléctrica S.A. E.S.P. (ISA) — Q1 2020 Earnings Presentation on 6ix