Colbun Sa · BCS:COLBUN

Colbun Sa — Investor Presentation (June 2015)

10 slides from Colbun Sa's investor presentation, June 2015

  1. Slide 1: Colbun Overview 2015

    COLBUN OVERVIEW 2015

  2. Slide 2: Overview

    2 OVERVIEW Main Figures Ownership Intern. Ratings As of Mar15 (US$ million) • Fitch: BBB • Assets: 6,300 24% • Equity: 3,400 49% • S&P: BBB- 17% • Mkt Cap: 5,100 10% Local Ratings • EBITDA LTM: 510 • Fitch: A+ Matte Group Angelini Group • Net Debt: 1,071 Pension Funds Others • Humphreys: AA-

  3. Slide 3: Colbun is the second largest generator in the SIC

    3 COLBUN IS THE SECOND LARGEST GENERATOR IN THE SIC Installed capacity of 3,278 MW ~ 21% Market Share 48% Hydro 1,589 MW 532 MW Run-of-the-river – 33% 1,057 MW Reservoir – 67% 3,278 MW 52% Thermal 1,689 MW 766 MW CCGT – 45% 342 MW Coal – 20% 581 MW Diesel – 35%

  4. Slide 4: High quality clients

    4 HIGH QUALITY CLIENTS 1 2 Sales by Type of Costumer (%) Sales Volume by Customer (%) Chilectra Unregulated (BBB+/BBB+ )* Regulated 22% CGED (Local 39% Codelco A+) (A/A+) 19% 61% 29% AngloAmeric Saesa (Local an AA) Others (BBB/BBB+) 16% 5% 9% 3 4 14.000 Historic Sales by Type of Costumer (GWh) Avera

  5. Slide 5: Relevant assets for the power system

    5 RELEVANT ASSETS FOR THE POWER SYSTEM 1 2 Angostura’s Figures Angostura Generation (GWh) 600 533  Capacity : 316 MW 500 Acc. 2014:  Expected Annual Gx.: 1,500 GWh 1,301 GWh 378 400  2014 Availability: 97% 274 300  CAPEX (Including Tx. Lines):~ MMUS$760 200 123  Start up: Abr14 116 100  46 fam

  6. Slide 6: Colbún has several growth opportunities

    6 COLBÚN HAS SEVERAL GROWTH OPPORTUNITIES Projects in Chile La Mina – Hydroelectric Project  34 MW of Capacity  190 GWh of expected annual generation  Phase: Under Construction since Dec14  Qualifies as NCRE Santa María II – Coal-fired Project  350 MW of Capacity  2,500 GWh of expected annual

  7. Slide 7: Searching for investment opportunities in the region

    7 SEARCHING FOR INVESTMENT OPPORTUNITIES IN THE REGION Special Focus on Colombia and Peru  Growing Electricity Consumption  Well established regulatory framework  Diversification:  Hydrological Conditions  Generation Technology  Fuel Access  Regulatory Risks

  8. Slide 8: A Matte Group company

    8 A MATTE GROUP COMPANY Power Generation Revenues: USD 1,503 mn EBITDA: USD 537 mn Market Cap.: USD 4,666 mn Pulp & Paper Ports and Logistics Stake: 49.3% Revenues: USD 4,846 mn Revenues: USD 81 mn EBITDA: USD 985 mn EBITDA: USD 26 mn Market Cap.: USD 6,292 mn Market Cap.: USD 159 mn Stake: 55.5% St

  9. Slide 9: Key investment highlights

    9 KEY INVESTMENT HIGHLIGHTS  Size: Second-largest generation company in Chile’s largest electricity grid.  Competitive: High-quality and diversified asset portfolio.  Stable: Diversified, solid and creditworthy customer portfolio.  Shareholders: Strong, reliable controlling group with a strategi

  10. Slide 10: Disclaimer

    10 This document provides information about Colbún S.A. In no case this document constitutes a comprehensive analysis of the financial, production and sales situation of the company. To evaluate whether to purchase or sell securities of the company, the investor must conduct its own independent anal

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