Slide 1: Enersis 9M 2012 results
07 | 11 | 2012 enersis 9M 2012 results
Slide 2: Highlights in 9M 2012
Enersis consolidated results 9M 2012 Highlights in 9M 2012 Distribution: an increase in 2,373 GWh in physical sales and close to 380 thousand new customers were added in the period Generation: despite the increase in energy generation and lower energy purchases, the higher energy prices in Peru, Bra
Slide 3: Key physical data and EBITDA structure
Enersis consolidated results 9M 2012 Key physical data and EBITDA structure Physical data (GWh) 9M 2012 Chile Brazil Peru Colombia Argentina TOTAL ENERSIS 15,296 113 44,574 Other 10,249 113 6,529 8,914 Thermal 385 17,438 15,208 3,544 6,572 13,308 6,573 54,315 Hydro 10,775 8,653 789 3,161 9,863 9,882
Slide 4: Demand evolution and spot prices
Enersis consolidated results 9M 2012 Demand evolution and spot prices Latam countries where Enersis operates showed an average weighted growth by TWh +4.5%¹ Average spot prices 2 192.3 189.8 -1.3% 35.6 29.2 26.7 61.6 33.1 26.9 32.3% -8.6% 22.3 297.4% 48.4% 15.5 9M 2011 9M 2012 9M 2011 9M 2012 9M 201
Slide 5: Income Statement
Enersis consolidated results 9M 2012 Income Statement 1 Th US$ 9M 2011 9M 2012 Change (*) Ch$ Million 9M 2012 Revenues 4,848,799 4,896,311 1.0% 10,002,677 Gross Margin 2,165,600 2,120,429 -2.1% 4,331,827 EBITDA 1,511,647 1,481,124 -2.0% 3,025,789 Operating Income 1,199,430 1,127,010 -6.0% 2,302,369
Slide 6: Gross margin
Enersis consolidated results 9M 2012 Gross margin¹ 2,165,600 -6.4% +2.3% 2,120,429 Ch$ Million -2.1% 9M 2011 Generation Distribution 9M 2012 CHI: Lower average sales price, lower revenues coming from RM88 and the absence of insurance compensation related to Bocamina I, among others. COL: Higher ener
Slide 7: EBITDA in Generation and Distribution
Enersis consolidated results 9M 2012 EBITDA in Generation and Distribution¹ Ch$ Million Generation Distribution 822,178 37,818 756,002 730,321 -8.0% 24,572 698,325 200,502 4.6% Argentina 173,940 236,380 286,068 105,770 Colombia 70,705 71,499 165,031 104,434 Peru 149,606 340,923 316,689 Brazil 313,05
Slide 8: Commercial policy and sales strategy
Enersis consolidated results 9M 2012 Commercial policy and sales strategy Latin America (% estimated output hedged) 79.6% 68.9% Contracting level in Latin America that optimizes margin and risk exposure 33% of the generation sold through contracts > 5 years 2012 2013 and 22% through contracts > 10 y
Slide 9: Commercial Policy
Enersis consolidated results 9M 2012 Commercial Policy Total Generation Sales 9M 2012 26% 49% 25% Chile Brazil Peru Colombia Argentina 5% 5% 10% 29% 17% 54% 30% 30% 65% 65% 53% 18% 36% 83% Regulated Sales Unregulated sales Spot sales Chile Brazil Peru Colombia Argentina Total Var v/s Var v/s Var v/s
Slide 10: Efficiency Programs
Enersis consolidated results 9M 2012 Efficiency Programs Enersis’ Synergy Plan Enersis’ Zenith Plan M€ 144 Zenith to M€ 69 100% 100% achieve Others: 2% M€ 9 Capex 1% Zenith to achieve 100% 100% M€ 8 Opex 35% Generation Generation 28% 26% Opex 97% Real synergies Real Zenith to to 9M 2012 Distribution
Slide 11: Regulation update: Latam
Enersis consolidated results 9M 2012 Regulation update: Latam Coelce’s 3rd Cycle tariff review: • The Federal Court allowed Coelce to capture the revenues coming from the tax benefit of SUDENE. The net effect for the tariff reduction for 2012 reached 6.76%. CIEN’s annual tariff adjustment: Brazi
Slide 12: Regulation update: Argentina
Enersis consolidated results 9M 2012 Regulation update: Argentina Generation: Asset portfolio • Hydro: 1,328 MW (Chocón) • Thermal: 2,324 MW (Costanera) Distribution: 2.4 million clients in Buenos Aires (Edesur) Total risk: CLP 96,276 million after CLP 106,750 million value adjustment in Dec.
Slide 13: Growth platform
Enersis consolidated results 9M 2012 Growth platform Solid organic, and sustained growth in Distribution 380 thousand new customers in current distribution areas in 9M 2012 in comparison to 9M 2011. 1.7% increase in electricity consumption per household during the year. The future brings smart
Slide 14: Growth platform
Enersis consolidated results 9M 2012 Growth platform Geographical Summary Key projects Project Country MW Campohermoso Carnauba 350 Guaicamaro Jamanxim/Cachoeira dos Patos 528 Oporapa Sumapaz Paraiba do Sul 182 Tabajara 178 Jamanxim Sumauma (Aripuana II) 234 Sumauma (Aripuana II) Tabajara Prainha (A
Slide 15: A solid financial position
Enersis consolidated results 9M 2012 A solid financial position Net debt evolution in 9M 2012 Ch$ Million • Enersis liquidity ex Endesa Chile covers 29 months of debt maturities including interest expenses • Enersis liquidity covers 31 months of debt maturities including interest expenses ¹ Cash flo
Slide 16: Expecting better conditions for the coming months
Conclusions 9M 2012 Expecting better conditions for the coming months The strong growth shown by the five countries and the economic expectations, help to guarantee the continuing growth in electricity demand close to a 5%. Tough hydrological scenarios, as seen in Chile during the last three yea
Slide 17: Disclaimer
Enersis consolidated results 9M 2012 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
Slide 18: We are here to help you
Call us! We are here to help you Ricardo Alvial Denisse Labarca Investments & Risks Director Head of Investor Relations mlmr@enersis.cl denisse.labarca@enersis.cl 56 (2) 353-4682 56 (2) 353-4576 Melissa Vargas Jorge Velis Javier Hernandez Carmen Poblete Investor Relations Investor Relations Investor
Slide 19: Enersis
enersis ay endesa hy endesa light - gas - people
Slide 20: Appendices
appendices
Slide 21: Installed capacity and output per country
Appendices 9M 2012 Installed capacity and output per country¹ MW at 9M 2012 Chile Colombia Brazil Peru Argentina Total Total 5,612 2,914 987 1,658 3,652 14,825 Hydro 3,456 2,471 665 746 1,328 8,666 Installed Coal 286 236 0 0 0 522 Capacity Oil-Gas ¹ 1,783 208 322 911 2,324 5,549 CHP / Renewables 87
Slide 22: Enersis: financial debt maturity calendar
Appendices 9M 2012 Enersis: financial debt maturity calendar Debt by Country (Million Ch$) 2012 2013 2014 2015 2016 Balance TOTAL Chile 6,919 208,103 356,094 106,990 224,252 466,144 1,368,502 Argentina 38,568 65,406 33,508 16,461 16,235 - 170,178 Peru 26,172 54,774 54,029 40,577 42,714 127,096 345,3
Slide 23: Enersis: financial debt maturity calendar
Appendices 9M 2012 Enersis: financial debt maturity calendar Debt maturity profile outstanding as of September 30, 2012 US$ million 2,500 2,065 2,000 1,500 1,087 974 1,000 650 440 493 500 396 286 267 143 154 143 0 < 1 year 1-2 years 2-3 years 3-4 years 4-5 years 5 years and beyond Bonds Banks and ot
Slide 24: Enersis Group in Chile
Enersis’ unique business platform Enersis Group in Chile Generation Distribution ENDESA CHILE CHILECTRA Total Generation: 15,296 GWh Distribution area: Santiago de Chile Tarapacá Market Share¹: 32% Wind 1.7 million customers Hydro Thermal 113 8,653 GWh 6,529 GWh Energy losses 5.4% GWh D. Almagro–Tal
Slide 25: Enersis Group in Colombia
Enersis’ unique business platform Enersis Group in Colombia Generation Distribution EMGESA CODENSA Total Generation: 10,249 GWh Distribution area: Bogotá Market Share¹: 20% 2.7 million customers Hydro Thermal 9,863 GWh 385 GWh Energy losses 7.7% (4%) (96%) Ch$ Million 9M 2012 9M 2011 Change Ch$ Mill
Slide 26: Enersis Group in Peru
Enersis’ unique business platform Enersis Group in Peru Generation Distribution EDEGEL EDELNOR Total Generation: 6,572 GWh Distribution area: Northern Lima Market Share¹: 24% 1.2 million customers Hydro Thermal 3,410 GWh 31,61 GWh Energy losses 8.1% 52% 48% Ch$ Million 9M 2012 9M 2011 Change Ch$ Mil
Slide 27: Enersis Group in Brazil: Generation
Enersis’ unique business platform Enersis Group in Brazil Generation Total Generation: 3,544 GWh Market Share¹: 1% CACHOEIRA FORTALEZA Hydro Thermal 2,755 GWh 789 GWh Ch$ Million 9M 2012 9M 2011 Change Ch$ Million 9M 2012 9M 2011 Change Revenues 108,192 90,531 19.5% Revenues 97,422 98,999 -1.6% EBIT
Slide 28: Enersis Group in Brazil: Distribution
Enersis’ unique business platform Enersis Group in Brazil Distribution AMPLA COELCE Distribution area: Río de Janeiro State Distribution area: Ceara State 2.7 million customers 3.3 million customers Energy losses 19.4% Energy losses 12.4% Ch$ Million 9M 2012 9M 2011 Change Ch$ Million 9M 2012 9M 201
Slide 29: Enersis Group in Argentina
Enersis’ unique business platform Enersis Group in Argentina Generation Distribution Total Generation: 8,914 GWh EDESUR Market Share¹: 12% Distribution area: Southern Buenos Aires EL CHÓCON 2.4 million customers Energy losses 10.7% Hydro 2,341 GWh Ch$ Million 9M 2012 9M 2011 Change Ch$ Million 9M 20
Slide 30: Enersis
enersis ay endesa hy endesa light - gas - people