Colbun Sa · BCS:COLBUN
Colbun Sa — Q1 2025 Earnings Presentation
16 slides from Colbun Sa's earnings presentation, May 2025
Slide 1: 1Q25 Earnings Report
1Q25 EARNINGS REPORT May 2025
Slide 2: Agenda
AGENDA 1 HIGHLIGHTS OF THE QUARTER 2 LIQUIDITY AND DEBT POSITION 3 1Q25 CONSOLIDATED RESULTS
Slide 3: Agenda
AGENDA 1 HIGHLIGHTS OF THE QUARTER 2 LIQUIDITY AND DEBT POSITION 3 1Q25 CONSOLIDATED RESULTS
Slide 4: Highlights of the Quarter
1| HIGHLIGHTS OF THE QUARTER Commercial Strategy 1 PPAs were signed in Chile for 139 GWh per year In Peru, supply contracts were awarded for 23 MW per year Pipeline of Projects Celda Solar: started construction 2 Horizonte: final stage of the testing phase Bayóvar: approval of the Environmental Impa
Slide 5: Subsequent Events of the Quarter
1| SUBSEQUENT EVENTS OF THE QUARTER PEC III law 1 Second and final sale of sell payment documents was completed for a total amount of US$41 million Dividend distribution 2 A dividend distribution of US$27 mm was approved, which added to the US$100 mm paid, amounts to a total of US$127 mm, correspond
Slide 6: Agenda
AGENDA 1 HIGHLIGHTS OF THE QUARTER 2 LIQUIDITY AND DEBT POSITION 3 1Q25 CONSOLIDATED RESULTS
Slide 7: Liquidity and Debt Position
2| LIQUIDITY AND DEBT POSITION BALANCE SHEET RATIOS DEBT PROFILE Gross US$2.3 bn Gross Debt/ 3.4x Average 4.5% Debt EBITDA interest rate Financial US$0.8 bn Net Debt/ 2.3x Average 4.6 Investments EBITDA life years AMORTIZATION STRUCTURE (US$ million) 700 Fenix Bond Colbun Debt Chile 600 600 500 500
Slide 8: Agenda
AGENDA 1 HIGHLIGHTS OF THE YEAR 2 LIQUIDITY AND DEBT POSITION 3 1Q25 CONSOLIDATED RESULTS
Slide 9: Markets Update
3| 1Q25 CONSOLIDATED RESULTS MARKETS UPDATE MARGINAL COST DEMAND GROWTH HYDRO CONDITIONS 56 US$/MWh -1.0% 72% Alto Jahuel 1Q25/1Q24 Exceedance probability Apr24 - Mar25 MARGINAL COST DEMAND GROWTH HYDRO CONDITIONS 31 US$/MWh 2.0% 35% Santa Rosa 1Q25/1Q24 Exceedance probability Sep24 – Mar25 9
Slide 10: Physical Sales and Operating Income
3| 1Q25 CONSOLIDATED RESULTS PHYSICAL SALES AND OPERATING INCOME CONSOLIDATED OPERATING US$412 million INCOME +8% Q/Q Sales Volume (GWh) 1Q25 1Q24 QoQ Sales Volume (GWh) 1Q25 1Q24 QoQ Regulated Clients 401 245 64% Regulated Clients 385 298 29% Unregulated Clients 2.385 2.348 2% Unregulated Clients 4
Slide 11: Total Generation & Raw Materials and Consumables Used Costs
3| 1Q25 CONSOLIDATED RESULTS TOTAL GENERATION & RAW MATERIALS AND CONSUMABLES USED COSTS CONSOLIDATED RAW MATERIALS US$191 million AND CONSUMABLES USED COSTS -3% Q/Q Generation (GWh) 1Q25 1Q24 QoQ Generation (GWh) 1Q25 1Q24 QoQ Hydraulic 1.088 1.624 (33%) Thermal - Gas 829 771 7% Thermal 1.087 1.398
Slide 12: EBITDA Comparison
3| 1Q25 CONSOLIDATED RESULTS EBITDA COMPARISON CONSOLIDATED US$179 million EBITDA +21% Q/Q US$ million 250 11 22 200 26 30 156 150 130 40 15 7 100 50 0 1Q24 Unregulated Regulated Coal Gas Spot market Transmission Others 1Q25 clients clients consumption consumption balance Tolls US$ million 40 1 8 5
Slide 13: Consolidated Net Income
3| 1Q25 CONSOLIDATED RESULTS CONSOLIDATED NET INCOME CONSOLIDATED US$82 million NET INCOME 40% Q/Q Net Income (US$ mm) 1Q25 1Q24 QoQ Profit (Loss) Before Taxes 106 80 32% Income Tax Expense (23) (21) 10% Net Income 82 59 40% 13
Slide 14: Consolidated Cash Flow
3| 1Q25 CONSOLIDATED RESULTS CONSOLIDATED CASH FLOW US$775 US$768 million million Beg. of End of 1Q25 1Q25 OPERATING ACTIVITIES FINANCING ACTIVITIES INVESTMENT ACTIVITIES US$85 million (US$44 million) (US$54 million) 14
Slide 15: Disclaimer & Contact Information
DISCLAIMER & CONTACT INFORMATION ✓ This document provides information about Colbun S.A. In no case this document constitutes a comprehensive INVESTOR RELATIONS analysis of the financial, production and sales situation of TEAM CONTACT the company ✓ To evaluate whether to purchase or sell securities o
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