Slide 1: November 2012
November 2012
Slide 2: Company and Industry Update; Corporate Strategy and Finance; Projects under development
Company and Industry Update Corporate Strategy and Finance Projects under development 2
Slide 3: Mature and stable energy sector with investor friendly regulatory framework
Mature and stable energy sector with investor Industry overview friendly regulatory framework 3 3
Slide 4: SING: installed capacity and generation mix
SING: installed capacity and generation Industry overview mix Gross installed capacity by technology - 2012 (MW) Average capacity (MW) and energy prices (US$/MWh) MW US$/MWh Source: CNE Source: CNE, CDEC-SING 4
Slide 5: Energy demand in the SING is directly linked to mining output expansion
Energy demand in the SING is directly linked to mining output expansion Industry overview Estimated 2011-2020 average demand growth in the SING and coal supply analysis (average net capacity MW) 2020 Supply analysis 2020 Demand analysis Mining project MW Energy project¹ MW Collahuasi E.CL 2x375 M. H
Slide 6: One of the most traded shares in the Santiago Stock Exchange
One of the most traded shares in Company overview the Santiago Stock Exchange Ownership structure Other local Pension Foreign institutional Other GDF Suez * institutional investors funds investors 52.77% 10.59% 24.25% 10.59% 1.33% (*) Indirect ownership through GDF Suez Energy Andino S.A. and Invers
Slide 7: Largest electricity supplier in Chile's northern grid (SING)
Largest electricity supplier in Chile’s Company overview northern grid (SING) Installed Capacity (~ 50% market share) Installed capacity E.CL assets Technology 15% 1% Coal Diesel Hydro Diesel/FO & F.O. Natural gas Chapiquiña (10MW) Hydro Diesel Arica (14MW) 32% 52% Diesel Iquique (43MW) Gas/ Coal Di
Slide 8: Agenda
Agenda Company and Industry Update Corporate Strategy and Finance Projects under development 8
Slide 9: During 2012 E.CL confirmed its leadership in electricity generation and sales in the SING
During 2012 E.CL confirmed its leadership in terms of electricity Financial results generation and sales in the sing system Energy and capacity revenues US$ millions 9M11 9M12 Var % decreased compared to the first half of 2011 due to a combination of increased physical sales with lower average rea
Slide 10: Strong financial profile… Main financial indicators
Strong financial profile… Financial results Main financial indicators Sales (USD million) EBITDA (USD million) Sales breakdown (September 2012) Costs breakdown (September 2012) Total = USD 840 million Total = USD 741 million 10
Slide 11: Coupled with a conservative debt structure
Coupled with a conservative debt Financial results structure Total debt/EBITDA Net debt/EBITDA LTM LTM EBITDA/Interest expenses Credit ratings Interest expense related to the CTA S&P and Fitch international investment-grade ratings : project financing • S&P: BBB- (Stable Outlook) and 144A • Fitch:
Slide 12: Shareholder return
Shareholder return Financial results E.CL Share (as of November 12,2012): • Market Cap: US$ 2.55 bn • Share Price: CH$ 1, 171 Source: Bloomberg Return and Dividend per share 30% payout 50% pay out 50% pay out ratio ratio ratio 0.085 0.061 12
Slide 13: Agenda
Agenda Company and Industry Update Corporate Strategy and Finance Projects under development 13
Slide 14: E.CL is embarked on an investment program to reduce particle matter and gas emissions
E.CL is embarked on an investment program to reduce particle matter and gas Projects under development emissions in order to meet stricter environmental standards New regulation on particle matter and gas emissions by thermoelectric plants Stricter particle-matter and gas emission requirements were
Slide 15: E.CL is committed to continued environmental improvement
E.CL is committed to continued environmental improvement Projects under development Development of non-conventional renewable energy (NCRE) Solar power project studies Second-generation fuels from microalgae Calama wind-farm project Steam for injection in coal-fired Use of biomass in coal-fired unit
Slide 16: Potential acquisition of GDF Suez's NCRE assets in the SIC: Eólica Monte Redondo
Potential acquisition of GDF Suez's NCRE assets in the SIC: Eólica Monte Projects under development Redondo ("EMR")" Eólica Monte Redondo EMR owns a wind farm with 24 aerogenerators with total capacity of 48 MW in the SIC. EMR owns a 34 MW hydro plant under construction in the SIC. 16
Slide 17: Infraestructura Energética Mejillones
Our plan includes new investments to meet the increased power demand in the north of Chile Projects under development Infraestructura Energética Mejillones: The Infraestructura Energética Mejillones project consists of up to two coal-fired power plants, each with gross capacity of 375 MW, and a ne
Slide 18: Forward-looking statements disclaimer
This presentation may contain certain forward-looking statements and information relating to E.CL S.A. (“E.CL” or the “Company”) that reflect the current views and/or expectations of the Company and its management with respect to its business plan. Forward-looking statements include, without limitat