Slide 1: Enersis Chile 1Q 2016 results
Enersis Chile 1Q 2016 results May 9th, 2016
Slide 2: 1Q 2016 proforma results
1Q 2016 proforma results Chilean highlights of the period Generation volume sales increased by 5%, amounting to 6 TWh Customers in our distribution business rose by 2% or 39 thousand to 1.8 million. Consolidated revenues increased 10%, reaching 898 million dollars, mainly explained by higher generat
Slide 3: Financial highlights (constant US$ mn)
1Q 2016 results Financial highlights (constant US$ mn1) 1Q 2015 1Q 2016 Δ YoY 1Q2016 Revenues 816 898 10.0% Revenues 319 Financial Statements reported to SVS, March only Contribution Margin 230 356 54.9% Contribution Margin 114 EBITDA 148 283 91.3% EBITDA 85 Financial Statements Proforma EBIT 95 263
Slide 4: Market context in the period
1Q 2016 results Market context in the period Expected annual Average Spot Price Energy Demand (%)2 (USD/MWh) CLP vs USD growth of GDP (%)1 Distribution 0.6% 1Q16 701.4 2016* 1.8% Physical Sales 1Q16 76 Generation Physical Sales 5.4% 1Q15 624.7 2015 1Q15 151 2.1% Sales in SIC 2.9% 1. Expected GDP for
Slide 5: Operating highlights
1Q 2016 results Operating highlights Installed capacity (GW) Net production (GWh) Generation sales (GWh) +7.0% +5.4% + 0.0% 4,573 6,025 4,272 23 5,716 6,351 6,351 22 1,337 87 87 1,683 4.9 4.9 2,173 2,173 241 4.7 738 4.7 636 636 3,455 3,455 5.4 2,326 2,475 4.8 5.4 4.8 1Q15 1Q16 1Q15 1Q16 1Q15 1Q16 Hy
Slide 6: Financial highlights (constant US$ mn)
1Q 2016 results Financial highlights (constant US$ mn1) Revenues EBITDA +91.3% + 10.0% 816 148 283 898 1Q 15 1Q 16 1Q 15 1Q 16 Attributable Net Income and EPS Net Debt +299.1% +13.9% EPS 1,258 1Q 16 163 2.32 CLP/Share 1,105 41 0.17 USD/ADR 1Q 15 0.58 CLP/Share 0.04 USD/ADR 1Q 15 1Q 16 2015 1Q 2016 1
Slide 7: Group EBITDA evolution by business
1Q 2016 results Group EBITDA evolution by business (constant US$ mn) + 91.3% 148 283 + 126% 21% Dx +7% Dx 37% 79% Gx Gx 63% 1Q15 Distribution Generation 1Q16 7
Slide 8: From EBITDA to Group net income
1Q 2016 results From EBITDA to Group net income (constant US$ mn1) 283 263 4 242 (20) (0) (25) 163 (79) EBITDA D&A 2 EBIT Financial Result Non Operating Income tax Group Net Minority Attributable Net Results Income Shareholders Income 1Q 15 (US$ mn) 148 (53) 95 (35) 8 (17) 50 (9) 41 Change +91.3% (6
Slide 9: Gross Capex (US$ mn)
1Q 2016 results Gross Capex1 (US$ mn) By activity By business Distribution 17% 49% Maintenance 53 53 51% +29.3% +29.3% Generation Growth 83% Los Cóndores will add 150 MW of installed capacity to the SIC. As of March 2016, the level of completion reached 29% with a total investment of US$166 mn. 1. G
Slide 10: Gross and Net Debt
1Q 2016 results Gross and Net Debt Gross and Net Debt (US$ bn) Gross Debt breakdown Credit lines +11.9% Leasing 3% 1,489 10% 1,331 231 226 50% 37% 1,105 1,258 Local Bonds International Bonds 2015 1Q 2016 Net Debt Cash 10
Slide 11: Cash Cost (US$ mn)
1Q 2016 results Cash Cost (US$ mn) Fixed cost Cash Cost 82 -11.6% 73 112 1Q15 1Q16 + Maintenance Capex 99 30 1Q15 1Q16 26 1Q15 1Q16 12% decrease mostly driven by a reduction in fixed costs 11
Slide 12: Versus Targets 2016
1Q 2016 results Versus Targets 2016 EBITDA (US$ bn) Net Income (US$ bn) 1.2 0.6 0.5 1.0 1Q16 0.2 1Q16 0.3 1Q15 0.1 1Q15 0.1 FY 15 Target 16 FY 15 Target 16 Current results in line with our targets for 2016 12
Slide 13: Closing remarks
1Q 2016 results Closing remarks Improved performance driven by generation business Strong operating cash flow generation Cost reduction ahead of efficiency targets 1Q16 results aligned with 2016 targets 13
Slide 14: Enersis Chile - Grupo Enel
enersis chile enersis chile Grupo Enel Grupo Enel 14
Slide 15: IR Team contacts
1Q 2016 Results IR Team Susana Rey, Head of IR (56) 22630 9606 susana.rey@enel.com Enersis Chile Catalina Gonzalez, Head of IR (56) 22630 9603 catalina.gonzalez@enel.com Endesa Chile Francisco Basauri, IR Analyst (56) 22630 9585 francisco.basauri@enel.com Endesa Chile Guillermo Berguecio, IR Analyst
Slide 16: Disclaimer
1Q 2016 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