Celsia SA ESP · BVC:CELSIA
Celsia SA ESP — Celsia — Credicorp Investor Conference 2020
25 slides from Celsia SA ESP's conference presentation, Sep 24, 2020
Slide 1: Credicorp Investor Conference
Credicorp Investor Conference 23 – 24 Sept. 2020
Slide 2: Agenda
AGENDA 1. Cesia at a Glance 2. Value Creation Initiatives 3. ESG 4. Covid-19 Management 5. Key Financials
Slide 3: Celsia at a Glance
——| W ‘Celsiafata Eells Glance
Slide 4: In Celsia we serve our customers providing them a green and reliable energy portfolio
In Celsia we serve our customers providing them a green and reliable energy 4 portfolio complemented with an innovative portfolio of products and services Projects We provide electricity 200 MW Solar Pipeline to 1,2 million retail Generation Installed 330 MW Wind Farms customers Capacity 200 MW Ther
Slide 5: Value Creation Initiatives
2 Value Creation Initiatives
Slide 6: Delivering on value creation initiatives
6 Delivering on value creation initiatives Improving performance Growth Financial flexibility Growth platforms EPS Controlling Sh. Ebitda growth Debt/Ebitda cons. 6,0x 3,8x 3,4x 3,6x 3,1x 3,0x Propels growth opportunities 2014 2015 2016 2017 2018 2019 Wind ↓ Capital requirements Base San Andrés Teso
Slide 7: Improving performance
7 Improving performance Consolidating Celsia Col. Higher stake in Celsia Col. ▪ Assets transferred from Celsia to CelsiaCol. Year Investment Stake ▪ Annual savings of +COP 26 Bill. 2017: 50% ▪ 9,3x EV/Ebitda – hydro assets 2018: +COP 730 Bill. 61,1% 2020: +COP 253 Bill. 65,1% ▪ Transaction in amount
Slide 8: Growth
8 Growth Balanced, competitive, flexible and sustainable portfolio of assets Next 4 years Ebitda COP Bn. $ 1.492 $ 120 $ 67 $ 25 $ 50 $ 150 $ 1.080 Base Tolima San Andrés Solar Wind Tesorito Ebitda (pj) Distribution Small Hydro Solar Pipeline Wind Projects Thermal assets Steadiness Higher than Fisca
Slide 9: Greater financial flexibility
Greater financial flexibility Consolidated 3,8x 3,6x 3,4x 3,1x 3,0x 2016 2017 2018 2019 2020-2T Gross debt Cash Debt/Ebitda Celsia Colombia Celsia S.A. (HoldCo) Central America ExBLM 8,7x 2,4x 7,3x 2,0x 6,3x 1,8x 6,2x 7,3x 5,6x 1,5x 6,4x 1,2x 4,8x 2,1x 2,4x 2016 2017 2018 2019 2020-2T 2016 2017 2018
Slide 10: Growth platforms
10 Growth platforms Supporting future growth through Investment Vehicles Caoba Inversiones Investment vehicle Strategic partner Sizable opportunities Optimizes cost of capital COP 1,1bn. COP 5 bn. Book Value of transferred assets Financial capabilities and Investment opportunities: structuring of in
Slide 11: ESG
W CELSIA La energia que quieres
Slide 12: A strategy inspired in sustainability
A strategy inspired in sustainability Renewables • 80MW Solar / 50MW Wind delivering energy Plus a large portfolio of sustainable products & services • Small Hydro, San Andrés de Cuerquia 19,9MW • Pipeline: 350MW Solar and 330MW Wind • Solar PV • Mobility • Energy Efficiency
Slide 13: A strategy inspired in sustainability
A strategy inspired in sustainability Sustainable financing ReverdeC Solar projects Trees for the planet • Green Bonds • Goal: Plant 10 million trees • Program of up to $420 billion in 10 years • IFC / FDN 2015 - 2025 Hidro, San Andrés, 19,9MW • “Fondos compensados” $128 mil mill
Slide 14: Sustainability is part of everything we do
Sustainability is part of everything we do Environment Social Emissions intensity reduced to 188 tons of CO2/GWh Among "the 100 best places to work in From 377 tons of CO2/GWh Latin America" 88% Of air conditioning refrigerants replaced. 91% Purchases to local suppliers To reduce R22 refrigerant emi
Slide 15: Sustainability is part of everything we do: Corporate Governance
Sustainability is part of everything we do Corporate Governance 4 out of7 Independent 57% Board of directors members Independent members on Finance & Audit 100% committee Women Including those with recent and relevant experience in finance and 2 our of7 Board of Directors accounting members Corporat
Slide 16: New ESG Dashboard
New ESG Dashboard Visit our new ESG Dashboard to get real-time information on our progress in social, environmental and corporate governance matters: Click here Also visit our investor valuation kit for a summary of the evolution of ESG indicator and more: https://www.celsia.com/es/accionistas-e-inv
Slide 17: Covid-19 Management
W CELSIA La energia que quieres
Slide 18: Principles of action
Principles of action During COVID-19 and for the next two years: 1. Employees. 2. Customers. 3. Contributions to society. 4. Sustainability.
Slide 19: Covid-19 response
Covid-19 response 19 Potential savings in 2020 of about $413 Reduction of billion have been identified cash needs Fixed costs COP 21Bill. Expenses COP 25Bill. CapEx COP 366Bill. Strengthening of Availability of short-term credit lines Deferrals - Availability of economic resources from national gove
Slide 20: Key financials
——| W CELSIA La energia que quieres
Slide 21: Key financials
21 Key financials Revenues Annual CAGR (2014 – 2019) 7,6% YTD COP billion 3.795 3.424 3.725 3.097 3.094 2.763 3.100 2.366 1.774 1.462 1.819 1.582 698 729 661 625 311 237 2016 2017 2018 2019 2Q19 2Q20 Consolidated Colombia Central America Annual CAGR (2014 – 2019) 6,9% YTD Ebitda COP billion 1.262 1.
Slide 22: Key financials
22 Key financials Controller Net Income CAGR (2014 – 2019) 22,2% COP billion Annual YTD 588 473 149 228 203 149 114 70 77 138 33 9 24 25 -327 50 -27 -11 2016 2017 2018 2019 2Q19 2Q20 Consolidated Colombia Central America Primary surplus COP billion -$ 128 $ 178 $ 282 $ 282 2016 2017 2018 2019 Divide
Slide 23: Key financials
23 Key financials Consolidated EPS Annual EPS Contr. CAGR (2014 – 2019) 12,9% YTD COP 564 442 339 328 231 202 213 171 129 45 2016 2017 2018 2019 2020YTD EPS EPS Contolling Sh. Dividends DPS CAGR (2014 – 2019) 10,4% COP 10,0% 399,96 6,6% 4,3% 4,6% 94 5,0% 3,2% 3,6% 199,96 170 184 198 120 130 0,0% -0,
Slide 24: Celsia 2020
Celsia 2020 24 Shares and dividend Shareholding structure Coporate structure Share price affected by Market liquidity, not reflecting company fundamental value Shares outstanding # 1.069.972.554 Type of shares Ordinary Other Price COP 4.630 15,10% Grupo Market cap COP Tn. 4,97 Foreign Argos funds 52
Slide 25: Questions
inversionistas@celsia.com QUESTIONS