Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Endesa Chile — 1Q 2009 Earnings Presentation
20 slides from Enel Chile Sa's earnings presentation, March 2009
Slide 1: Company Presentation March 2009
Company Presentation >> March 2009
Slide 2: Disclaimer
Disclaimer This presentation contains statements that constitute or may constitute statements about the future, as established in the United States Private Securities Litigation Reform Act of 1995. Such statements appear frequently in this presentation with statements referring to our intentions, be
Slide 3: Our Company
Our Company 9Multinational private electricity generator with leading market positions in most countries where we operate 9Attractive portfolio of generation assets distributed within South America 9Efficient and conservative commercial policy 9Investment portfolio adds value to Endesa Chile 9Excell
Slide 4: Important Presence in 5 Countries
Important Presence in 5 countries Emgesa Endesa Brasil Affiliate Installed Cap.: 2,895 MW Hydro Cap.: 85% Cachoeira (Gx): 665 MW 21% market share Fortaleza (Gx): 322 MW 11 power plants Ampla (Dx): 2.5 mill. clients Coelce (Dx): 2.9 mill. clients Cien (Tx): 2,100 MW Edegel Installed Cap.: 1,467 MW Hy
Slide 5: Long Term Investment Opportunities … room to grow
Long Term Investment Opportunities … room to grow Opportunities: Improvement in South America regulations contribute to meet long‐term electricity demand Electricity Demand (CAGR) 200 Peru 170 » Peru: 6.8% Chile Argentina » Chile: 5.1% 140 Brazil Colombia » Argentina: 4.3% 110 » Brazil: 2.9% 80 » Co
Slide 6: Investment Opportunities
Investment Opportunities World economic scenario Profile of electricity demand Our Investment Plan 9 Energy generation uses the maximum renewable resources to promote its development and energy independence 9 Growth and excellence of labor, environmental and productive standards 9 Leadership in the
Slide 7: Contributing with more generation capacity
Contributing with more generation capacity Start‐up during 2009 Canela II LNG Plant Quintero 60 MW 9.5 millon m3/d 250 MW Chile Chile (Fast‐track) Chile 2010, onwards Bocamina II Los Cóndores Neltume HidroAysén 370 MW 150 MW 473 MW 2,750 MW Chile Chile Chile Chile Punta Alcalde Piruquina Santa Rosa
Slide 8: Summary of consolidated results
Summary of consolidated results %Var. %Var. Billion Ch$ 2008 (a) 2008 vs 2007 1Q09(b) 1Q09 vs 1Q08 Revenues 2,492 33% 661 24% Operating Income 893 44% 290 76% Net Income (c) 443 111% 166 142% Ebitda 1,146 38% 338 61% Physical Sales (GWh) 55,735 1% 14,951 6% 2008 Income : the highest in the history o
Slide 9: EBITDA by Country
EBITDA by Country Peru EBITDA by Country 11.1% Generation Business Mar‐08 Mar‐09 Mar‐09 Var.% Ch$ bn Ch$ bn US$ m YoY Colombia Chile 113 204 350 80% Chile 22.2% Argentina 19 19 33 ‐1% 61.1% Colombia 50 74 127 49% Peru 22 37 64 73% Total 204 335 574 64% Argentina 5.7% 9
Slide 10: Solid Financial Ratios
Solid Financial Ratios US$ m Veces Times 2400 10 9 2000 1,915 8 1,800 7 1600 1,540 6.38 5.90 6 1,279 4.90 1200 971 1,105 4.34 5 4.29 3.97 875 4 3.51 800 2.81 2.98 2.61 3.17 2.63 3 2.37 2.41 2 400 346 349 322 355 335 305 300 1 0 0 Dec-03 Dec-04 Dec-05 Dec-06 Dec-07 Dec-08 Mar-09TTM Ebitda Interest Ex
Slide 11: Recognition of strong financial position
Recognition of strong financial position Financial Debt Evolution Financial Debt by Currency 7,000 5,950 6,000 21% 4,920 5,000 4,702 4,426 4,343 4,374 4,087 4,124 4,076 3,859 3,904 4,000 US$ m 3,000 16% 63% 2,000 1,000 US$ UF-Ch$ Local Currencies - 99 00 01 02 03 04 05 06 07 08 9 -0 19 20 20 20 20 2
Slide 12: Comfortable debt maturity profile
Comfortable debt maturity profile US$ m US$ m Colombia: US$ 741 m Chile: US$ 2.8 bn 1400 800 1,205 1200 600 1000 400 248 125 156 119 800 200 73 0 19 600 0 410 414 360 ce 09 10 11 12 13 14 400 an 20 20 20 20 20 20 214 214 al B 200 18 US$ m Argentina US$ 308 m 0 800 ce 09 10 11 12 13 14 an 20 20 20 20
Slide 13: Conservative commercial policy
Conservative commercial policy » Hydrology risk » Electricity demand growth Minimize variation of margin » Portfolio of generation assets » Evolution of fuel prices » Exchange rate risk Physical sales as of March 2009 Chile Argentina Colombia Peru 15% 46% 17% 29% 47% 45% 52% 38% 19% 83% 9% Regulated
Slide 14: Chile: largest electricity generator
Chile: largest electricity generator Gen. Mix as of March 2009 1Q08 1Q09 Var. % 1Q09 Ebitda Ch$ 113 bn Ch$ 204 bn 80% US$ 350 m 1Q08 1Q09 Var. % 1Q09 45% Ph. Sales 5,162 GWh 5,528 GWh 7% ‐ 55% 1Q08 1Q09 Var. % 1Q09 Av Price EOC US$ 142/MWh US$ 122/MWh ‐14% Hydro Thermal 9 Electricity demand in the S
Slide 15: Argentina: leading privately-owned electricity generator
Argentina: leading privately‐owned electricity generator Gen. Mix as of March 2009 1Q08 1Q09 Var. % 1Q09 18% Ebitda Ch$ 19 bn Ch$ 19 bn ‐1% US$ 33 m 1Q08 1Q09 Var. % 1Q09 Ph. Sales 3,176 GWh 3,215 GWh 1% ‐ 1Q08 1Q09 Var. % 1Q09 Av Price Arg Subs Ar$ 127/MWh Ar$ 121/MWh ‐5% US$ 33/MWh 82% Hydro Therm
Slide 16: Colombia: leading privately-owned electricity generator
Colombia: leading privately‐owned electricity generator Gen. Mix as of March 2009 1Q08 1Q09 Var. % 1Q09 5% Ebitda Ch$ 50 bn Ch$ 74 bn 49% US$ 127 m 1Q08 1Q09 Var. % 1Q09 Ph. Sales 3,760 GWh 3,955 GWh 5% ‐ 95% 1Q08 1Q09 Var. % 1Q09 Av Price Emgesa Col$ 86/MWh Col$ 108/MWh 26% US$ 45/MWh Hydro Thermal
Slide 17: Peru: largest privately-owned electricity generator
Peru: largest privately‐owned electricity generator Gen. Mix as of March 2009 1Q08 1Q09 Var. % 1Q09 41% Ebitda Ch$ 22 bn Ch$ 37 bn 68% US$ 64 m 1Q08 1Q09 Var. % 1Q09 Ph. Sales 2,063 GWh 2,254 GWh 9% ‐ 1Q08 1Q09 Var. % Av Price Edegel US$ 30/MWh US$ 38/MWh 27% 59% Hydro Thermal 9 Regulatory framework
Slide 18: Awards and Certifications
Awards and Certifications » ISO 14001 standards: as of March 2009, 99.6% of installed capacity was certified. » OHSAS 18001 standards: as of March 2009, 97.4% of installed capacity was certified. Important prizes: » “Notable” category was awarded by the United Nations Global Pact to the latest Commu
Slide 19: Fundamentals
Fundamentals » Efficient assets portfolio » Commercial policy » Ability to develop our own projects » Diversified energy resources (water, » Solid financial position and » Know‐how and vast experience gas, coal, diesel, wind) healthy balance sheet » Long term growing demand » Excellence in operation
Slide 20: Endesa Chile's Investor Relations Team
Endesa Chile’s Investor Relations Team Juan Pablo Reitze Head of Investor Relations (56‐2) 630 96 03 jprv@endesa.cl Irene Aguiló Jacqueline Michael M. Teresa Fuentealba Investor Relations Executive Investor Relations Executive Investor Relations Executive (56‐2) 630 96 04 (56‐2) 630 95 85 (56‐2) 630