Slide 1: Corporate Presentation June 2021
CREDICORP CONFERENCE CORPORATE PRESENTATION SEPT 2019 CORPORATE PRESENTATION 2021 CORPORATE PRESENTATION JUNE 2021
Slide 2: 1Q21 Strategy update
1Q21 Strategy update 1 FOCUS ON UNREGULATED CLIENTS 21 new clients and 247 GWh contracted 2 GROWTH IN SOLAR & WIND GENERATION D. Almagro and Machicura ➔ under construction, 40% progress Inti Pacha ➔ environmental approval secured Horizonte ➔ good progress on environmental approval 3 COST EFFICIENCY
Slide 3: Company & industry overview: Leading position in Chile & Peru
Company & industry overview Leading position in Chile & Peru THE COMPANY Installed Capacity Market Share1 Ownership 3,811 MW 15% / 6% 49.96% Matte Group 3,244 MW / 567 MW 9.58% Angelini Group Power Plants Transmission Lines 19.49% Pension Funds 25 ~899 km 20.96% Others 24 / 1 KEY FINANCIALS Internat
Slide 4: Company & industry overview: Fenix Power and Colbún Tx
Company & industry overview Leading position in Chile & Peru FENIX POWER 1. EBITDA* (US$ million) 2. INTERNATIONAL RATINGS 3. 2020 ENERGY SALES (GWh) Spot 70 65 62 BBB- Stable 25% 54 Fitch 36 BBB- Stable 3.2 S&P TWh PPAs 2017 2018 2019 2020 1Q21 LTM 75% COLBUN TX 1. EBITDA (US$ million) 2. 1Q21 REVE
Slide 5: Cost efficient & diversified asset base: Attractive markets
1. Cost efficient & diversified asset base Attractive markets LTM GENERATION DEMAND GROWTH MARGINAL COST MARKET SHARE1 GWh 12 months average % US$/MWh % Others Hydro SEIN Santa Rosa 27% Peruvian Gov. 55% 14% Others Orazul 10% 4% 47,841 0 Statkraft GWh 8 5% Enel SEIN -6% 16% 13 GW LNG +0.2% y/y 35% 6
Slide 6: 1Q21 Results: Hydrological conditions
1Q21 RESULTS Hydrological conditions 1. COLBÚN RESERVOIR LEVEL (m.a.s.l) 3. CHANGE IN ACCUMULATED RAINFALLS (%) 2018 2019 2020 2021 445 As of May21 435 compared to 425 415 2020 Av. year 405 395 Aconcagua 103% -77% Maule 35% -69% 2. CHAPO RESERVOIR LEVEL (m.a.s.l) 250 2018 2019 2020 2021 Laja 19% -31
Slide 7: 100% of PPAs supplied with cost-efficient generation
1. Cost efficient & diversified asset base 100% of PPAs supplied with cost-efficient generation WHOLE-SALE COMMERCIAL STRATEGY GENERATION & PPAs LEVEL (TWh) 1. Optimize Contracting level ◼ Renewable Capacity: hydro, solar, wind ◼ Efficient thermal capacity: coal, CCGTs Hydro 3,9 2. Cost structure pr
Slide 8: Secured long-term regasification capacity & LNG supply
1. Cost efficient & diversified asset base Secured long-term regasification capacity & LNG supply LONG-TERM STRATEGY: Leveraging our efficient natural gas power facilities and diversifying our supply sources; contributing to a competitive, flexible, secure and sustainable power supply 1. REGASIFICAT
Slide 9: Recent developments in Chile's regulatory framework
1. Cost efficient & diversified asset base Recent developments in Chile’s regulatory framework LATEST CHANGES BILLS UNDER DISCUSSION 1. Price stabilization mechanism for regulated clients tariffs 1. Power Supply Portability ▪ Tariffs will be stabilized until Jan21, and adjusted by local CPI ▪ Aims t
Slide 10: High quality clients in Chile
2. Strong and competitive supply contracts High quality clients in Chile MAIN CONTRACTS CUSTOMER BASE PROFILE SIGNED SINCE 2016 3.0 TWh/year, for 10 Sales % to Unregulated Customers Number of Unregulated Customers years starting January 2022 41% 67% 4 276 2014 0.3 TWh/year, for 6 years 2014 2020 202
Slide 11: Stable operational results & solid metrics
3. Prudent financial management Stable operational results & solid metrics 1. EBITDA & EBITDA MG. (US$ million & %) 2. NET INCOME. (US$ million) EBITDA Chile EBITDA Fenix EBITDA Mg 289 51% 47% 48% 45% 44% 230 54 36 70 65 202 62 89 639 648 627 617 585 8 2017 2018 2019 2020 1Q21 LTM 2017 2018 2019 202
Slide 12: Stable operational results & solid metrics: cash, cash flow, dividends
3. Prudent financial management Stable operational results & solid metrics 1. CASH POSITION. (US$ million) 3. CASH FLOW. (US$ million) 1.028 967 810 788 797 Operating Activities Financing Activities Investing Activities Net Cash Flow 2017 2018 2019 2020 1Q21 LTM 2017 2018 2019 2020 1Q21 133 16 161 1
Slide 13: Long term debt profile
3. Prudent financial management Long term debt profile 1. FINANCIAL DEBT PROFILE US$1,675(*) mm 100% bonds 4.0% Interest Rate average US$1,382 million 97% USD and 3% UF US$293 million 100% Fixed rate 6.4 years average life 2. AMORTIZATION STRUCTURE (US$ million) 600 Fenix Bond 527 500 500 Colbun Bon
Slide 14: Attractive portfolio of growth options
1Q21 RESULTS Attractive portfolio of growth options Feasibility Environmentally approved and construction approved by the Board of Directors We hold a portfolio of solar and wind farm projects, in different stages of development, for 1 2 approximately 3,100 MW 3 5 4 6 4 5 2 3 1 6 DIEGO DE INTI HORIZ
Slide 15: Maximizing value to all of our stakeholders: Sustainability strategy
Maximizing value to all of our stakeholders Sustainability strategy EMPLOYEES ▪ Offering high-quality employment and a safe work environment ▪ Annual Work Environment Surveys ▪ Strong relationship with our unions ▪ Annual Sustainable weeks to promote COMMUNITY AND SOCIETY Colbún’s core values ▪ Buil
Slide 16: Disclaimer & Contact Information
Disclaimer & Contact Information ▪ This document provides information about Colbún S.A. In no INVESTOR RELATIONS case this document constitutes a comprehensive analysis of the financial, production and sales situation of the company. TEAM CONTACT ▪ To evaluate whether to purchase or sell securities
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Slide 18: Addressing COVID19 at Colbún
1. Cost efficient & diversified asset base Addressing COVID19 at Colbún CURRENT STATUS COMMUNITY SUPPORT ▪ Two priorities: protect the health of all our ▪ The payment period for supplier invoices was reduced stakeholders and to the ensure the security of the from 15 days to 7 days energy supply ▪ Th