Slide 1: Enel Chile 1Q 2018 results
Enel Chile 1Q 2018 results May 4, 2018
Slide 2: Chilean highlights
1Q 2018 results Chilean highlights EBITDA increased 3%, amounting to US$ 290 mn. Net Income attributable to shareholders, excluding the effect of the sale of Electrogas in February Chile Enel 2017, maintained stable. Simplification: Elqui restructuring process completed. Generation Business
Slide 3: Market context in the period
1Q 2018 results Market context in the period Chile Annual GDP Growth System Energy Sales SIC Average Spot Price Average Exchange Rate (%)1 (TWh) (USD/MWh) CLP vs US$ 2018 3.5% 1Q18 17.7 1Q18 76.6 1Q18 601.9 2017 1.5% 1Q17 16.9 1Q17 79.7 1Q17 655.5 1. Expected GDP for 2018. Source: Latin America Conc
Slide 4: Generation business – Operating highlights
1Q 2018 results Generation business – Operating highlights Installed capacity: 6.4 GW Net production: 4.3 TWh Energy Sales: 5.6 TWh +0.0% (2.5%) (2.6%) 6.4 6.4 4.4 4.3 5.8 5.6 0.1 0.1 0,0 0,0 Spot 0.1 0.0 0.6 0.6 0.8 0.8 Non regulated 1.2 1.7 2.2 2.2 0.9 1.4 4.4 4.0 3.5 3.5 2.1 2.5 Regulated 1Q17 1Q
Slide 5: Distribution business - Operating highlights
1Q 2018 results Distribution business - Operating highlights Electricity Distributed: 4.1 TWh Number of customers: 1.9 mn SAIDI1: 246 minutes +1.6% +2.7% +7.1% 4.0 4.1 246 0.3 Other 1,889 230 0.3 1,840 0.7 0.8 Tolls 0.6 0.6 Industrial 1.4 1.4 Commercial 1.0 1.1 Residential 1Q17 1Q18 1Q17 1Q18 1Q17 1
Slide 6: Distribution margin breakdown
1Q 2018 results Distribution margin breakdown (constant US$ mn1) Recurrent Margin VAS2 Gross Margin Free Market Energy Sales (GWh) +5.9% (20.7%) +16.8% 109 115 665 11 569 9 11 5 6 30 28 9 64 72 1Q17 1Q18 1Q17 1Q18 1Q17 1Q18 Dx regulated Subtransmission Free Market VAS 1 Comparisons between periods i
Slide 7: EBITDA by business
1Q 2018 results EBITDA by business (constant US$ mn1) +3.3% 281 290 9 (2) Dx 70 79 Dx Gx 214 213 Gx HolCo (3) (1) HolCo 1Q17 Generation Distribution 1Q18 1 Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period 601.90 CLP/USD. 7
Slide 8: From EBITDA to Net Income
1Q 2018 results From EBITDA to Net Income (constant US$ mn1) 290 227 4 165 (64) (12) 117 (54) 48 EBITDA D&A EBIT Financial Non Operating Income tax Group Net Minorities Attributable Result Results Income Shareholders Net Income 1Q17 281 (66) 215 (7) 173 (84) 297 104 194 (US$ mn) Change 3.3% (3.6%) 5
Slide 9: Free cash flow
1Q 2018 results Free cash flow (constant US$ mn1) 290 (48) 153 (82) (8) (66) 5 1 (91) (4) EBITDA Taxes NWC Financial FFO Capex Dividends FCF FX Effect Change in Net Expenses Debt 1. Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period
Slide 10: Financial situation (US$ mn)
1Q 2018 results Financial situation (US$ mn) Gross and Net Debt Gross Debt1 by type Gross Debt by currency2 +122.4% 1% Others 19% Local bonds CLP 30% 25% International bonds 4% 1,272 UF 2,829 66% Dollars 55% Bank loans 1.555 682 683 1Q18 1Q18 590 591 Liquidity breakdown; 2017 1Q18 • Cash: US$ 683 mn
Slide 11: Gross Capex
1Q 2018 results Gross Capex (constant US$ mn1) Maintenance Growth Total 15 14 23 34 59 66 43 9 44 6 17 29 5 10 1Q 2017 1Q 2018 Dx Gx Dx Gx Generation Distribution 1Q 2017 1Q 2018 1. Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period
Slide 12: Closing remarks
1Q 2018 results Closing remarks 1Q18 results in line with expectations Elqui completed. 94% stake in Enel Generation Chile Generation, characterized by better hydrology in 1Q18 Distribution, characterized by greater margin in regulated business Higher dividend payout ratio, 60% for 2018, in line wit
Slide 13: IR Team
1Q 2018 Results IR Team Susana Rey Catalina González Head of IR Enel Chile Head of IR Enel Generación Chile +56 2 2630 9606 +56 2 2630 9603 susana.rey@enel.com catalina.gonzalez@enel.com Francisco Basauri Gonzalo Juarez Investor Relations Associate IR New York Office +56 2 2630 9585 +1 (212) 520 102
Slide 14: Disclaimer
1Q 2018 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