Slide 1: Enersis 9M 2013 results
04 | 11 | 2013 enersis 9M 2013 results
Slide 2: Highlights
consolidated results 9M 2013 Highlights Net income attributable to shareholders increased by 77% to about US$ 1 bn and already represents about 58% of total net income (vs. 42% last year) Overall EBITDA increased by 12%, reaching US$ 3.3 bn thanks to the positive result of our efforts in Argentina i
Slide 3: Business context in 9M 2013
consolidated results 9M 2013 Business context in 9M 2013 Demand (%) Generation Output (TWh) +2.8%(1,2) -0.3%(3) +2.4%(1) 14.7 14.5 5.3% 4.6% 4.6% 3.6% 10.2 9.6 9.6 8.9 2.5% 2.3% 2.3% 6.4 6.3 2.1% 3.5 3.6 0.9% Enersis - Investor Relations 0.5% Chile Colombia Brazil Peru Argentina Chile Colombia Brazi
Slide 4: Financial highlights
consolidated results 9M 2013 Financial highlights 9M 2013 (1) 9M 2013 9M 2012 Change Ch$ Million Th US$ Revenues 4,593,455 4,837,870 -5.1% 9,410 Costs -2,959,310 -3,382,344 -12.5% -6,063 Enersis - Investor Relations EBITDA 1,634,145 1,455,525 12.3% 3,348 EBIT 1,248,759 1,107,666 12.7% 2,558 Net inco
Slide 5: From EBIT to net income
consolidated results 9M 2013 From EBIT to net income 9M 2013 9M 2013 9M 2012 Change Ch$ Million (1) Th US$ EBIT 1,248,759 1,107,666 12.7% 2,558 Net Financial Expense -142,715 -238,430 -40.1% -292 Interest Expense -312,267 -337,794 -7.6% -640 Enersis - Investor Relations Other 169,553 99,364 70.6% 34
Slide 6: Regulation update
consolidated results 9M 2013 Regulation update Edelnor tariff review: Peru 1.2% VAD increase according to OSINERGMIN resolution dated October 15 th Final tariff to apply from Nov. 2013 Next tariff review: Nov. 2017 Still affected by extracosts in Distribution Brazil Until today a part of
Slide 7: EBITDA evolution LatAm
consolidated results 9M 2013 EBITDA evolution LatAm +12.3% 156,023 -13,209 -63,633 1,634,145 (Weight) Ch$ Million 59,204 -2,114 25,030 17,319 1,455,525 151,452 (9%) 175,819 (12%) 191,589 (12%) Enersis - Investor Relations FX 422,643 (26%) 470,491 (32%) Other Argentina Peru 522,950 (32%) 515,637 (35%
Slide 8: EBITDA - Chile evolution
consolidated results 9M 2013 EBITDA - Chile evolution +19.4% (1) -499 Ch$ Million 59,703 364,228 305,024 130,544 Enersis - Investor Relations Dx 131,044 233,684 Gx 173,981 9M 2012 Generation Distribution 9M 2013 1 Figures differ from data published in financial statements (“Nota Segmentos”) due to t
Slide 9: EBITDA – Brazil evolution
consolidated results 9M 2013 EBITDA – Brazil evolution -10.2% (1) Ch$ Million 470,491 2,892 -5,007 -45,734 422,643 Enersis - Investor Relations Dx 317,946 282,034 152,545 140,610 Gx (2) 9M 2012 Generation Distribution FX 9M 2013 1 Figures differ from data published in financial statements (“Nota Seg
Slide 10: EBITDA – Colombia evolution
consolidated results 9M 2013 EBITDA – Colombia evolution +1.4% (1) Ch$ Million 23,810 -17,717 1,220 522,950 515,637 Enersis - Investor Relations Dx 229,544 222,877 300,073 Gx 286,093 9M 2012 Generation Distribution FX 9M 2013 1 Figures differ from data published in financial statements (“Nota Segmen
Slide 11: EBITDA – Peru evolution
consolidated results 9M 2013 EBITDA – Peru evolution +9.0% (1) Ch$ Million 7,747 -1,549 191,589 9,572 175,819 Enersis - Investor Relations 78,615 Dx 71,498 112,974 Gx 104,321 9M 2012 Generation Distribution FX 9M 2013 1 Figures differ from data published in financial statements (“Nota Segmentos”) du
Slide 12: EBITDA – Argentina evolution
consolidated results 9M 2013 EBITDA – Argentina evolution Positive (1) Ch$ Million 139,927 848 151,452 Enersis - Investor Relations 119,599 Dx 16,096 31,853 Gx -5,418 9M 2012 Generation Distribution FX 9M 2013 1 Figures differ from data published in financial statements (“Nota Segmentos”) due to the
Slide 13: A solid financial position
consolidated results 9M 2013 A solid financial position Cash flow YTD Ch$ Million 1,038,299 -544,704 Enersis - Investor Relations -377,611 -110,712 5,272 Cash flow from Capex (net) Dividend (net) Interests (net) Cash flow available operations from operations 13
Slide 14: Annexes
annexes
Slide 15: Production mix (TWh)
Operational annexes 9M 2013 Production mix (TWh) LatAm Chile Colombia -0.3% -1.3% -6.3% 43,564 43,415 14,519 14,325 10,220 9,573 0.4% 1.1% 1.3% 3.9% 8.4% 0.6% 1.0% 2.1% 6.9% 10.2% 1.7% 20.7% 0.8% 34.8% 40.5% 31.4% 31.8% 96.2% 91.0% 60.9% 57.3% 50.6% 46.6% Enersis - Investor Relations 9M 2012 9M 2013
Slide 16: 9M 2013 Net installed capacity: breakdown by source and location
Operational annexes 9M 2013 9M 2013 Net installed capacity: breakdown by source and location MW Hydro Oil-Gas Coal NCRE Total Chile 3,456 1,392 636 87 5,571 Colombia 2,471 208 236 0 2,914 Enersis - Investor Relations Peru 746 1,217 0 0 1,963 Brazil 665 322 0 0 987 Argentina 1,328 3,194 0 0 4,522 Tot
Slide 17: 9M 2013 total net production: breakdown by source and location
Operational annexes 9M 2013 9M 2013 total net production: breakdown by source and location MW Hydro Oil-Gas Coal NCRE Total Chile 6,669 4,552 2,968 136 14,325 Colombia 8,716 79 658 120 9,573 Enersis - Investor Relations Peru 3,340 2,910 0 0 6,250 Brazil 1,709 1,922 0 0 3,631 Argentina 1,520 8,116 0
Slide 18: EBITDA: generation/distribution businesses
Operational annexes 9M 2013 EBITDA: generation/distribution businesses 9M 2013 EBITDA: US$ 3,348MM1 50.3% Enersis - Investor Relations 49.7% Generation Distribution 1 The average exchange rate for the period January – September 2013 was 488.13 CLP/USD. 18
Slide 19: EBITDA: reconciliation of FX effect
Operational annexes 9M 2013 EBITDA: reconciliation of FX effect 9M 2012 Chile Brazil Colombia Peru Argentina Total Financial Statements Generación 172,553 149,606 286,068 104,434 24,572 737,233 Distribución 129,840 316,689 229,549 71,499 -24,087 723,490 Total 302,394 466,295 515,616 175,933 485 1,46
Slide 20: EBIT by business
Operational annexes 9M 2013 EBIT by business +9.1% Enersis - Investor Relations Ch$ Million 1,114,885 1,266,350 55% 48% 52% 58% 9M 2012 9M 2013 Generation Distribution 20
Slide 21: CAPEX by business
Operational annexes 9M 2013 CAPEX by business +6.6% Enersis - Investor Relations Ch$ Million -510,909 -544,704 53% 57% 47% 43% 9M 2012 9M 2013 Generation Distribution 21
Slide 22: Balance Sheet
Operational annexes 9M 2013 Balance Sheet 9M 2013 9M 2013 9M 2012 Change Ch$ Million Th US$ Net Debt 1,598,023 2,576,515 -38.0% 3,274 Shareholder's equity 6,160,928 3,893,799 58.2% 12,621 Enersis - Investor Relations Net capital employed 7,758,952 6,470,313 19.9% 15,895 22
Slide 23: Financial debt
Operational annexes 9M 2013 Financial debt Average cost of gross debt Average residual maturity (years) 9.6% 8.2% 5.5 5.4 8.6% 5.3 2011 2012 9M 2013 2011 2012 9M 2013 Enersis - Investor Relations (1) Net debt (CLP$ MM) Fixed + hedged / Total gross debt 2,723,516 2,576,515 1,598,023 42% 43% 40% 2011
Slide 24: Liquidity analysis
Operational annexes 9M 2013 Liquidity analysis Amount Outstanding Available US$ Million Committed credit lines 773 0 772 (1) Cash and cash equivalents 3,848 n.a. 3,848 Enersis - Investor Relations Uncommitted lines 840 1 840 Total liquidity 5,461 1 5,460 1 Cash and cash equivalents considers “Other
Slide 25: Debt structure
Operational annexes 9M 2013 Debt structure Average debt maturity: 5.4 years Average cost of gross debt: 8.2% Fixed+Hedged/ Total gross debt: 40% Rating: Standard & Poor’s: BBB+, Stable Enersis - Investor Relations Moody’s: BBB+, Stable Fitch Ratings: Baa2, Stable Dec. 2012 Sep. 2013 %
Slide 26: Disclaimer
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, belief or curr
Slide 27: Contact us
Contact us Investor Relations Team (ir@enersis.cl) • Pedro Cañamero +56 2 2353 4434 • Denisse Labarca +56 2 2353 4576 • Nicolás Donoso +56 2 2353 4492 • Jorge Velis +56 2 2353 4552 • Carmen Poblete +56 2 2353 4447 • María Luz Muñoz +56 2 2353 4682 Visit our website at: www.enersis.cl (Investor Relat