Enel Chile SA · BCS:ENELCHILE
Enel Chile SA — Enersis Chile — H1 2016 Earnings Presentation
15 slides from Enel Chile SA's earnings presentation, Jul 27, 2016
Slide 1: Enersis Chile 1H 2016 results
Enersis Chile 1H 2016 results July 27th, 2016
Slide 2: Chilean highlights of the period
1H 2016 proforma results* Chilean highlights of the period Generation volume sales increased by 7%, amounting to 12 TWh. Distribution customers increased by more than 40 thousand to 1.8 million. Generation revenues increased by 15%, amounting to 1.2 billion dollars. Distribution revenues increased b
Slide 3: Financial highlights (constant US$ mn)
1H 2016 proforma results* Financial highlights (constant US$ mn1) 1H15 1H16 Δ YoY 1H16 Financial Statements reported to SVS, March to June 2016 Revenues 1,658 1,859 12.1% Revenues 1,271 Contribution Margin 477 714 49.5% Contribution Margin 469 EBITDA 315 552 75.3% EBITDA 350 Financial Statements Pro
Slide 4: Market context in the period
1H 2016 proforma results* Market context in the period Expected GDP Energy Demand (%)2 Average Spot Price Average Exchange Rate Annual Growth (%)1 (USD/MWh) CLP vs USD3 Distribution 2.0% Physical Sales 2016 1.7% 1H16 78 1H16 689 Generation 7.0% Physical Sales 2015 2.1% 1H15 149 1H15 621 SIC Physical
Slide 5: Operating highlights
1H 2016 proforma results* Operating highlights Installed capacity: 6,351 GW Net production: 8,912 GWh Generation sales: 12,139 GWh +2.5% +7.0% + 0.0% 57 45 678 78 78 Spot 677 1,883 636 636 714 1,409 Unregulated 2,080 2,173 2,173 3,538 4.9 2,921 4.7 4.9 4.7 8,592 9,578 3,465 3,465 5.4 4,381 4.8 4,537
Slide 6: Financial highlights (constant US$ mn)
1H 2016 proforma results* Financial highlights (constant US$ mn1) Revenues EBITDA +75.3% + 12.1% 1,859 552 1,658 315 1H15 1H16 1H15 1H16 Attributable Net Income and EPS Net Debt +124.9% +11.8% 1,197 1,071 273 121 1H15 1H16 2015 1Q 2016 1. Comparisons between periods in the Financial Income Statement
Slide 7: Group EBITDA evolution by business
1H 2016 proforma results* Group EBITDA evolution by business (constant US$ mn) + 75.3% 315 552 + 111% +2% 23% Dx Dx 38% 77% Gx Gx 62% 1H 2015 Generation Distribution 1H 2016 1. Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period 689.
Slide 8: From EBITDA to Group net income
1H 2016 proforma results* From EBITDA to Group net income (constant US$ mn1) 552 469 8 (83) (4) 402 (71) 273 (129) EBITDA D&A 2 EBIT Financial Non Income tax Group Net Minorities Attributable Result Operating Income Shareholders Net Income Results 1H15 (US$ mn) 315 (109) 206 (40) 17 (41) 141 (20) 12
Slide 9: Gross Capex
1H 2016 proforma results* Gross Capex1 (US$ mn) By activity By business Distribution 22% Maintenance 162 46% 162 54% +16.7% +16.7% 78% Generation Growth Los Cóndores will add 150 MW of installed capacity to the SIC. As of June 2016, the level of completion reached 33% with a total investment of US$
Slide 10: Gross and Net Debt
1H 2016 proforma results* Gross and Net Debt Gross and Net Debt (US$ bn) Gross Debt breakdown Credit +15.9% Lines 1,275 Others 14% 1,478 281 1% 204 49% International 36% Bonds 1,071 1,197 36% Local 2015 1H16 Bonds Net Debt Cash * Only for information purpose 10
Slide 11: Headcount and Personnel expenses
1H 2016 proforma results* Headcount and Personnel expenses Headcount Personnel expenses (US$ mn) -13.9% -8.8% 1H15 1H16 -77 2,348 -85 2,022 1H15 1H16 9% reduction in personnel expenses * Only for information purpose 11
Slide 12: Closing remarks
1H 2016 proforma results* Closing remarks Improved performance driven by generation business Strong operating cash flow generation Important personnel cost reduction 1H16 results in line with 2016 targets * Only for information purpose 12
Slide 13: Enersis Chile - Grupo Enel
enersis chile enersis chile Grupo Enel Grupo Enel 13
Slide 14: IR Team contacts
1H 2016 Results IR Team Susana Rey, Head of IR (56) 22630 9606 susana.rey@enel.com Enersis Chile Catalina Gonzalez, Head of IR (56) 22630 9603 catalina.gonzalez@enel.com Endesa Chile Francisco Basauri, IR Analyst (56) 22630 9585 francisco.basauri@enel.com Endesa Chile Guillermo Berguecio, IR Analyst
Slide 15: Disclaimer
1H 2016 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