Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Q1 2017 Earnings Presentation
15 slides from Enel Chile Sa's earnings presentation, May 5, 2017
Slide 1: Enel Chile 1Q 2017 results
Enel Chile 1Q 2017 results May 5th, 2017
Slide 2: Chilean highlights of the year
1Q 2017 results Chilean highlights of the year Enel Chile EBITDA in line with our expectations, amounting to 258 million dollars. Net Income attributable to shareholders increased 17%, amounting to 178 million dollars. 140 million dollars cash generation improving net financial position. Gener
Slide 3: Market context in the period
1Q 2017 results Market context in the period Chile Annual GDP Growth Energy Demand Growth SIC Average Spot Price Average Exchange Rate (%)1 (1Q17 %) (USD/MWh) CLP vs USD2 SIC 1.6% 1Q17 80 2017 1.7% 1Q17 655 SING -11.0% 1Q16 76 2016 1.6% 1Q16 701 Challenging market scenario 1. Expected GDP for 2017.
Slide 4: Generation business – Operating highlights
1Q 2017 results Generation business – Operating highlights Installed capacity: 6.4 GW Net production: 4.4 TWh Energy Sales: 5.8 TWh +0.0% (4.1%) (3.8%) 6.4 6.4 4.6 4.4 6.0 5.8 0.1 0.1 Spot 0.3 0.1 0.6 0.0 0.0 0.9 0.6 0.7 Non regulated 1.2 0.8 2.2 2.2 1.3 1.4 4.8 4.4 3.5 3.5 2.5 2.1 Regulated 1Q16 1Q
Slide 5: Distribution business - Operating highlights
1Q 2017 results Distribution business - Operating highlights Electricity Distributed: 4.0 TWh Number of customers: 1.8 mn SAIDI1: 205 minutes +1.8% +2.8% (7.6%) 3.9 4.0 1,840 222 0.3 0.3 Other 1,790 0.6 0.7 Tolls 0.7 0.6 Industrial 205 1.3 1.4 Commercial 1.0 1.0 Residential 1Q 2016 1Q 2017 1Q16 1Q17
Slide 6: Financial highlights (constant US$ mn)
1Q 2017 results Financial highlights (constant US$ mn1) 1Q16 1Q17 Var. Revenues 961 907 (5.6%) Contribution Margin 381 343 (10.0%) 1Q16 Financial Statements Proforma EBITDA 301 258 (14.3%) EBIT 239 197 (17.5%) Net Financial Income 5 (6) (216.1%) Related Company Results 4 159 - Taxes (24) (77) 216.4%
Slide 7: EBITDA by business
1Q 2017 results EBITDA by business (constant US$ mn1) (14%) 301 258 Dx 22% (18%) (3%) 25% Dx Gx 78% 75% Gx 1Q16 Generation Distribution 1Q17 1 Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period 655.49 CLP/USD. * Proforma Financial S
Slide 8: Distribution margin breakdown
1Q 2017 results Distribution margin breakdown (constant US$ mn1) Recurrent Margin VAS Gross Margin Free Market Energy Sales (GWh) +5% +100% +8% 102 97 6% 10% 10 569 8%2% 529 11% 5% 22% 26% 5 57% 57% 1Q16 1Q17 1Q16 1Q17 1Q16 1Q17 Dx regulated Subtransmission Other businesses Free Market VAS Growth in
Slide 9: EBITDA to Net Income
1Q 2017 results EBITDA to Net Income (constant US$ mn1) 159 273 258 (77) 197 178 (61) (6) (95) EBITDA D&A 2 EBIT Financial Non Operating Income tax Group Net Minorities Attributable Result Results Income Shareholders Net Income 1Q16 (US$ mn) 301 (62) 239 5 4 (24) 224 (72) 152 Change (14.3%) (2.3%) (
Slide 10: Free cash flow
1Q 2017 results Free cash flow (constant US$ mn1) 258 (43) 170 142 123 (81) (3) (11) (54) (95) (26) EBITDA Taxes NWC Financial FFO Capex Dividends FCF Ext. FX Effect Change in Expenses Operations Net Debt 1. Comparisons between periods in the Financial Income Statements are made using the average ex
Slide 11: Gross Capex
1Q 2017 results Gross Capex1 (constant US$ mn2) By activity By business Maintenance Distribution 25% 27% 54 54 Growth 75% 73% Generation Los Cóndores will add 150 MW to the SIC 1. Gross of contributions and connections fees, accrued capex during 2016, including FX conversion effects. 2. Comparisons
Slide 12: Financial situation
1Q 2017 results Financial situation (US$ mn) Gross and Net Debt Gross Debt1 by type Gross Debt by currency2 2% Others 0.1% 8% 42% Local UF + CLP Bonds 1,273 1,274 Dollars 92% International 367 56% 536 Bonds 906 1Q17 1Q17 738 2016 1Q17 Liquidity breakdown; Net Debt Cash • Cash: US$ 536 MM • Committed
Slide 13: Closing remarks
1Q 2017 results Closing remarks EBITDA in Generation in line with our expectations and below 1Q16 results Stable EBITDA in Distribution with an increased contribution from non regulated activities Increase in Net Income due to the gain from the sale of Electrogas Solid positioning to cope with new m
Slide 14: IR Team
1Q 2017 Results IR Team Susana Rey Catalina González Head of IR Enel Chile Head of IR Enel Generación Chile +56 2 2630 9606 +56 2 2630 9603 susana.rey@enel.com catalina.gonzalez@enel.com Guillermo Berguecio Francisco Basauri Analyst of IR Enel Generación Chile Analyst of IR Enel Generación Chile +56
Slide 15: Disclaimer
1Q 2017 Results 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 statements regarding the intent