Slide 1: Endesa Chile 9M 2012 results
07 | 11 | 2012 endesa chile 9M 2012 results
Slide 2: Highlights of 9M 2012
Endesa Chile consolidated results 9M 2012 Highlights of 9M 2012 Growth of 2.5% in electricity demand in the region Lower Revenues due to an increase in Operating Costs, related with higher fuel and transportation costs Growth of 6.1% in consolidated generation due to 14.8% more hydro generation, mai
Slide 3: Results affected by the drought in Chile and high fuel costs
Endesa Chile consolidated results 9M 2012 Results affected by the drought in Chile and high fuel costs MM US$ 1 Million Ch$ 9M 2011 9M 2012 Change 9M 2012 Revenues 1,803,980 1,754,084 (3%) 3,583 Gross margin 826,203 764,873 (7%) 1,563 EBITDA 664,416 610,507 (8%) 1,247 EBIT 530,662 469,384 (12%) 959
Slide 4: EBITDA Generation
Endesa Chile consolidated results 9M 2012 EBITDA Generation Total Installed Capacity: 13,837 MW Total Generation (TTM): 55,113 GWh Chile Argentina Chile Argentina 41% 20% 39% 26% Peru Peru 16% 12% Colombia Colombia 21% 25% EBITDA 9M2012 TTM: US$ 1,879 million Argentina 3% Chile Peru 41% 15% Endesa B
Slide 5: Conservative Commercial Policy
Endesa Chile consolidated results 9M 2012 Conservative Commercial Policy Physical Sales as of September 2012 Chile Colombia Peru Argentina 5% 5% 17% 30% 29% 30% 53% 65% 65% 83% 18% Regulated Unregulated Spot Physical Sales as of September 2011 Chile Colombia Peru Argentina 4% 8% 17% 29% 32% 51% 64%
Slide 6: Contribution Margin (MMUS$)
Endesa Chile consolidated results 9M 2012 Effective Commercial Policy in the long term Correlation between Hydrology and Contribution Margin, Quaterly 800 700 3Q10 3Q12 Contribution Margin (MMUS$) 600 500 1Q10 1Q12 2Q12 2Q11 400 4Q11 300 1Q10 3Q12 200 1Q12 2Q11 2Q12 100 0 30% WET 40% 50% 60% 70% 80%
Slide 7: Strong Financial Position
Endesa Chile consolidated results 9M 2012 Strong Financial Position MM US$ (Million Ch$) 9M 2011 9M 2012 Chg. Chg % 9M2012 Gross Debt 1,897,641 1,838,365 59,276 3.2% 3,880 Cash 281,464 147,299 134,165 91% 311 Net Debt 1,616,177 1,691,066 (74,888) (4%) 3,569 Leverage 0.93 0.87 (0.01) (1%) 0.87 Financ
Slide 8: Free Cash Flow (US$ million)
Endesa Chile consolidated results 9M 2012 Free Cash Flow (US$ million) 2,248 2,098 2,014 1,879 1,070 1,012 779 717 305 235 251 263 308 353 435 402 394 564 499 549 497 523 462 EBITDA Net Financial Result CAPEX Income Tax FCF Dividends 2009 2010 2011 9M 2012 TTM Amounts are expressed in US$, using the
Slide 9: Chile
Endesa Chile consolidated results 9M 2012 Chile Installed Capacity: 5,611 MW Market Share: 32% Total Generation: 15,296 GWh Tarapaca ENDESA CHILE Los Molles: 18 MW D. Almagro–Taltal Rapel-Sauzal: 466 MW 62% Hydro Huasco Maule: 875 MW Laja: 940 MW 3,456 MW Los Molles Ralco-Pangue: 1,157 MW San Isidro
Slide 10: Colombia
Endesa Chile consolidated results 9M 2012 Colombia Installed Capacity: 2,914 MW Market Share: 20% Total Generation: 10,249 GWh EMGESA Guavio: 1,213 MW Cartagena Betania: 541 MW 85% Hydro 2,470 MW Río Bogotá: 716 MW Cartagena: 208 MW 15% Thermal Bogotá Termozipa: 236 MW 444 MW Million US$ 9M 2011 9M
Slide 11: Peru
Endesa Chile consolidated results 9M 2012 Peru Installed Capacity: 1,657 MW Market Share: 24% Total Generation: 6,572 GWh EDEGEL Cuenca Río Rímac: 552 MW 45% Hydro Yanango: 43 MW 746 MW Chimay: 151 MW Ventanilla: 493 MW 55% Thermal Santa Rosa: 429 MW 911 MW Lima: Million US$ 9M 2011 9M 2012 Change •
Slide 12: Argentina
Endesa Chile consolidated results 9M 2012 Argentina Installed Capacity: 3,652 MW Market Share: 12% Total Generation: 8,914 GWh EL CHOCÓN Hydro El Chocón: 1,328 MW 1,328 MW Million US$ 9M 2011 9M 2012 Change Revenues 71 83 16% CIEN Line EBITDA 38 50 30% (2x1,050 MW) Interconnection EBITDA Margin 53
Slide 13: Brazil
Endesa Chile consolidated results 9M 2012 Brazil Installed Capacity: 987 MW Market Share: 1% Total Generation: 3,544 GWh CACHOEIRA Hydro Fortaleza Cachoeira: 665 MW 665 MW Million US$ 9M 2011 9M 2012 Change Revenues 185 221 20% Cachoeira EBITDA 136 156 14% Rio de Janeiro EBITDA Margin 73.8% 70.6% (4
Slide 14: Projects Under Construction
Endesa Chile consolidated results 9M 2012 Projects Under Construction Bocamina II1 • Thermal, coal fired power plant • Located in Coronel, BioBio region. • 350 MW of installed capacity • Estimated load factor: 65% • Capex: US$ 841 MM Investment 1On October 29, Bocamina II got the formal authorizatio
Slide 15: Projects Under Study
Endesa Chile consolidated results 9M 2012 Projects Under Study Neltume • Hydro power plant, run of the river • Located in Panguipulli, in Los Ríos region (SIC). • 490 MW of installed capacity. Los Cóndores • Hydro power plant • Located in San Clemente, in Maule region (SIC) • 150 MW of installed cap
Slide 16: Projects Under Study
Endesa Chile consolidated results 9M 2012 Projects Under Study Punta Alcalde1 • Thermal, Coal-steam power plant • Located in Huasco, in Atacama region (SIC) • 740 MW of installed capacity • EIS rejected. On appeal to the Ministers Committee. Curibamba • Hydro power plant • Located in Junín Departmen
Slide 17: Projects Under Study
Endesa Chile consolidated results 9M 2012 Projects Under Study Hidroaysén • Hydro power plant • Located in Aysén region. • 2,750 MW of installed capacity • EIS approved for the generation plants. Renaico • Wind farm • Located in Araucanía region (SIC) • 106 MW of installed capacity • EID approved fo
Slide 18: Conclusions
Endesa Chile consolidated results 9M 2012 Conclusions Difficult electric situation in Chile Revenues and Margin stability Diversified portfolio Non-recurrent accounting effects 18
Slide 19: Endesa Chile's Investor Relations Team
Endesa Chile consolidated results 9M 2012 Endesa Chile’s Investor Relations Team Susana Rey Catalina Gonzalez Investor Relations Director Head of Investor Relations (56-2) 630 96 06 (56-2) 630 96 03 susana.rey@endesa.cl cbgs@endesa.cl Juan Pablo Vicuña Guillermo Berguecio Investor Relations Executiv
Slide 20: Disclaimer
Endesa Chile consolidated results 9M 2012 Disclaimer This presentation contains statements that could constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements appear in a number of places in this announcement and include state
Slide 21: Endesa Chile consolidated results 9M 2012
Endesa Chile consolidated results 9M 2012 21