Slide 1: Enersis 9M 2015 results
Enersis 9M 2015 results November 3 , 2015
Slide 2: Highlights of the period
9M 2015 results Highlights of the period Enersis Investor Relations 9M15 EBITDA increased by about 8% reaching 2.6 bnUSD despite unfavourable exchange rate conditions Resilient business profile: Net income attributable to Enersis shareholders increased by 49% Additional capacity: +478 MW Bocamina I
Slide 3: Market context in the period
9M 2015 results Market context in the period Enersis Investor Relations GDP growth expected for 2015 (%)1 Enersis Demand growth (%)2 5.3% 5.1% 2.8% 2.7% 4.4%4.7% 2.1% 4.0% 0.9% 2.7% 2.5% 1.3% 1.3% -2.8% -0.1% Chile Brazil Colombia Peru Argentina Chile Brazil Colombia Peru Argentina 9M 2014 Spot pric
Slide 4: Enersis' operational highlights
9M 2015 results Enersis’ operational highlights Enersis Investor Relations Installed capacity (GW) Net production (GWh) + 3.6% - 0.4% (1) (3) (3) (1) 17.3 45,107 44,944 16.7 0.4 (2) 18,213 17,712 Hydro 7.0 7.1 1,751 2,085 Oil-Gas 0.9 0.9 Coal 25,001 25,017 8.8 8.8 9M14 9M15 9M14 9M15 Electricity dis
Slide 5: Regulation – relevant updates during the period
9M 2015 results Regulation – relevant updates during the period Enersis Investor Relations Colombia Dx • New Regulatory review expected for 4Q15. Dx • New VAD: for the next regulatory period 2017-2021, electrical legislation will determine the distribution tariff of Peru Edelnor (VAD) individually a
Slide 6: Financial highlights (US$ mn)
9M 2015 results Financial highlights (US$ mn1) Enersis Investor Relations Revenues EBITDA + 9% + 8% 8,135 8,878 2,375 2,556 9M 14 9M 15 9M 14 9M 15 Attributable Net Income Net Debt2 + 49% + 8% 633 3,113 3,353 425 9M 14 9M 15 FY 14 9M 15 1. Comparisons between periods are made using USD. The average
Slide 7: Group EBITDA evolution by country (US$ mn)
9M 2015 results Group EBITDA evolution by country (US$ mn) Enersis Investor Relations +8 % + 181 + 257 2,556 2,375 + 29 - 122 - 163 9M 14 Chile Brazil Colombia Peru Argentina 9M 15 +36.3% yoy -22.1% yoy -16.0% yoy +7.7% yoy n.a. yoy -4.7% yoy1 0% yoy1 +5.6% yoy1 1. Excluding Fx translation effect. 7
Slide 8: Group EBITDA analysis (US$ mn)
9M 2015 results Group EBITDA analysis (US$ mn) Enersis Investor Relations By Country By business1 Brazil Colombia 33% 431 856 Distribution 17% 1,101 58% 2,556 2,556 +17.1% yoy 8% Argentina 42% 26% 193 Generation 16% 1,524 Chile Peru +4.1% yoy 677 399 Higher EBITDA on Distribution and Generation 1. E
Slide 9: From EBITDA to Group net income (US$ mn)
9M 2015 results From EBITDA to Group net income (US$ mn1) Enersis Investor Relations 2,556 1,955 + 29 - 601 - 223 1,082 - 679 633 - 449 EBITDA D&A EBIT Financial Non Income tax Group Net Minorities Atribuible Net Result Operating Income Shareholders Income Results +8% yoy +1.7% yoy +9.6% yoy -54% yo
Slide 10: Capex (US$ mn)
9M 2015 results Capex (US$ mn)1 Enersis Investor Relations By activity By country By business Colombia (+27.1% yoy) Distribution 45% Brazil -8.5% yoy 66% (+1.1% yoy) Maintenance 23% 55% 1,230 1,230 1,230 45% -27.3% yoy 34% 5% Growth 17% 10% Argentina Chile (-52.8% yoy) Generation +35.9% yoy (+1.0% y
Slide 11: Free cash flow (US$ mn)
9M 2015 results Free cash flow (US$ mn) Enersis Investor Relations FCF 2,556 -594 1,662 -239 -62 -696 136 -830 1 2 EBITDA Taxes paid Financial NWC + Others FFO Maintenance Growth Capex FCF Dividends Cash FC expenses Capex 1 Flow -810 -674 1. Gross of contributions and connections fees 2. Including m
Slide 12: Net debt evolution (US$mn)
9M 2015 results Net debt evolution (US$mn) Enersis Investor Relations +8% Extraordinary (1) FY 2014 Cash Flow Activities FX Effect 9M15(2) +415 3,113 +19 3,353 -674 1. As of 31 Dic. 2014 2. Net debt include cash and cash equivalence for more than 90 days 12
Slide 13: Debt and financial expenses
9M 2015 results Debt and financial expenses Enersis Investor Relations Average cost of gross debt Average residual maturity (years) 8.1 8.3 8.4 6.1 5.5 6.3 8.3% 8.1% 8.3% 2013 2014 9M 2015 2013 2014 9M 2015 Gross and Net Debt US$ mn Debt profile (US$ mn) -18.1% 3,326 6,116 5,010 3,003 1,657 84
Slide 14: Exhibits
Enersis Investor Relations Exhibits 14
Slide 15: Operating Exhibits 9M 2015: Business context 9M 2015 vs 9M 2014
Operating Exhibits 9M 2015 Business context in 9M 2015 v/s 9M 2014 Enersis Investor Relations Electricity Demand Spot Price Gx Output Dx Sales Gx Ebitda Dx Ebitda Clients in Dx: 1,733,048 (%) (US$/MWh) (TWh ) ( TWh ) ( MM US$ ) ( MM US$ ) Elec. Losses Dx: 5.5% 9M 2014 4.0% 9M 2014 162.5 9M 2014 13.0
Slide 16: Net installed capacity: Breakdown by source and geography
Operating Exhibits 9M 2015 Net installed capacity: Breakdown by source and geography Enersis Investor Relations MW Hydro Oil-Gas Coal NCRE Total Chile 3,456 2,173 636 87 6,351 Colombia 3,015(1) 208 236 0 3,459 Peru 783 1,194 0 0 1,977 Brazil 665 322 0 0 987 Argentina 1,328 3,194 0 0 4,522 Total 9,24
Slide 17: Total net production: Breakdown by source and geography
Operating Exhibits 9M 2015 Total net production: Breakdown by source and geography Enersis Investor Relations GWh Hydro Oil-Gas Coal NCRE Total Chile 7,699 4,219 1,334 130 13,382 Colombia 9,886 114 751 0 10,750 Peru 3,594 3,007 0 0 6,601 Brazil 1,382 1,654 0 0 3,037 Argentina 2,456 8,718 0 0 11,174
Slide 18: Production mix (GWh)
Operating Exhibits 9M 2015 Production mix (GWh) Enersis Investor Relations LatAm Chile Colombia - 0.4% (2) + 3.0% (3) + 2.7% (1) 12,995 13,382 10,467 10,750 45,107 44,944 8.3% 10.0% 6.4% 7.0% 3.9% 4.6% 40.4% 30.4% 31.5% 39.4% 93.1% 92.0% 55.4% 55.7% 60.3% 57.5% 9M 14 9M 15 9M 14 9M 15 9M 14 9M 15 1.
Slide 19: Distribution companies
Operating Exhibits 9M 2015 Distribution companies Enersis Investor Relations Energy Energy Current City, Concession Next tariff Distributor Clients sold losses regulatory return Country area (km²) revision (GWh) (%) (pre-tax, real) Santiago, Chilectra 1,773,048 11,943 5.5% 2,105 ROA 10% 2016 Chile B
Slide 20: Debt structure, liquidity and credit profile
Operating Exhibits 9M 2015 1 Debt structure, liquidity and credit profile Enersis Investor Relations Debt structure (US$ mn) Dec. 14 Sep. 15 % Long-term 5,421 4,321 -20.3% Short-term 695 688 -1.0% Cash 3,003 1,657 -44.8% Net debt 3,113 3,353 7.7% Liquidity (US$ mn) Amount Outstanding Available Commi
Slide 21: Disclaimer
9M 2015 results Disclaimer Enersis Investor Relations 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 stat
Slide 22: IR Team
9M 2015 results IR Team Enersis Investor Relations • Pedro Cañamero, Head of IR +56 2 2353 4682 • Denisse Labarca +56 2 2353 4576 • Jorge Velis +56 2 2353 4552 • Carmen Poblete +56 2 2353 4447 • María Luz Muñoz +56 2 2353 4682 ir.enersis@enel.com For further information, visit our IR site at: www.en
Slide 23: enersis
enersis