Colbun Sa · BCS:COLBUN
Colbun Sa — JPM Global Emerging Markets Corporate Conference 2021
19 slides from Colbun Sa's conference presentation, March 2021
Slide 1: Corporate Presentation - JPM Global Emerging Markets Corporate Conference
CREDICORP CONFERENCE CORPORATE PRESENTATION SEPT 2019 CORPORATE PRESENTATION JPM GLOBAL EMERGING MARKETS CORPORATE CONFERENCE MARCH 2021
Slide 2: 2020 Strategy update
2020 Strategy update 1 FOCUS ON UNREGULATED CLIENTS 45 new clients and 630 GWh contracted 2 GROWTH IN SOLAR & WIND GENERATION D. Almagro and Machicura ➔ under construction Inti Pacha ➔ environmental approval secured Horizonte ➔ good progress on environmental approval 3 COST EFFICIENCY PLAN Consolida
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 16% / 6% 49.96% Matte Group 3,244 MW / 567 MW 9.58% Angelini Group Power Plants Transmission Lines 19.40% Pension Funds 25 ~899 km 21.05% Others 24 / 1 KEY FINANCIALS Internat
Slide 4: Fenix Power and Colbún Tx overview
Company & industry overview Leading position in Chile & Peru FENIX POWER 1. EBITDA* (US$ million) 2. INTERNATIONAL RATINGS 3. 2020 ENERGY SALES (GWh) Spot 56 70 65 BBB- Stable 23% 54 Fitch 36 BBB- Stable 3.3 S&P GWh Ba1 Stable PPAs 2016 2017 2018 2019 2020 Moody’s 77% COLBUN TX 1. EBITDA (US$ millio
Slide 5: Attractive markets
1. Cost efficient & diversified asset base Attractive markets LTM GENERATION DEMAND GROWTH MARGINAL COST MARKET SHARE1 GWh 12 month average % US$/MWh % Others Hydro SEIN Santa Rosa 27% Peruvian Gov. Others 56% 14% Orazul 10% 4% 0 Statkraft 47,510 10 5% Enel SEIN -7% 16% 13 GW LNG +0.2% y/y 34% 6% En
Slide 6: Geographical and technological diversification
1. Cost efficient & diversified asset base Geographical and technological diversification 1. DIVERSIFIED GENERATION ASSETS 3. DECARBONIZATION PROCESS: LOW IMPACT FOR COLBÚN Photovoltaic Coal-fir ed 0% 10% ▪ Colbún has only 1 coal-fired power Open cycle Combined cycle plant of the 28 in the system wh
Slide 7: Hydrological conditions
1. Cost efficient & diversified asset base Hydrological conditions 1. COLBÚN RESERVOIR LEVEL (m.a.s.l) 3. CHANGE IN ACCUMULATED RAINFALLS (%) 445 2018 2019 2020 As of Jan21 435 compared to 425 415 2020 Av. year 405 395 Aconcagua 291% -51% Maule 67% -25% 2. CHAPO RESERVOIR LEVEL (m.a.s.l) 250 2018 20
Slide 8: 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 3,8 2. Cost structur
Slide 9: 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 10: 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 11: 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
Slide 12: 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 13: 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 51% 289 45% 45% 47% 44% 230 54 36 70 65 205 202 56 639 648 627 617 89 546 2016 2017 2018 2019 2020 2016 2017 2018 2019
Slide 14: Stable operational results & solid metrics
3. Prudent financial management Stable operational results & solid metrics 1. CASH POSITION. (US$ million) 3. CASH FLOW. (US$ million) 967 810 788 667 797 Operating Activities Financing Activities Investing Activities Net Cash Flow 2017 2018 2019 2020 2016 2017 2018 2019 2020 133 16 1 161 2. DIVIDEN
Slide 15: Long term debt profile
3. Prudent financial management Long term debt profile 1. FINANCIAL DEBT PROFILE US$1,730(*) mm 100% bonds 3.9% Interest Rate average US$1,337 million 97% USD and 3% UF 6.6 years US$334 million 100% Fixed rate average life 2. AMORTIZATION STRUCTURE (US$ million) 600 Fenix Bond 527 500 500 Colbun Bon
Slide 16: Solar and Wind Generation Projects
4. Attractive portfolio of growth options Solar and Wind Generation Projects 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 4 5 4 5 2 3
Slide 17: 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 18: Disclaimer & Contact Information
Disclaimer & Contact Information ▪ This document provides information about Colbún S.A. In no case this document constitutes a comprehensive analysis of INVESTOR RELATIONS the financial, production and sales situation of the company. TEAM CONTACT ▪ To evaluate whether to purchase or sell securities
Slide 19: 19
19
Colbún — JPM Global Emerging Markets Corporate Conference 2021 on 6ix