Slide 1: Endesa Chile IR presentation
Endesa Chile IR presentation As of September 2013
Slide 2: Ownership Structure
Endesa Chile IR presentation 9M 2013 Ownership Structure ENERSIS 92% Chilean Pension Funds 12% 3% Institutional 4% Shareholders 61% 6% ADR Holders 15% 60% Minority Shareholders 60% Other Institutional Shareholders CHILE COLOMBIA PERU ARGENTINA BRAZIL •ENDESA BRASIL, 39% AMPLA PEHUENCHE, 93% •COSTA
Slide 3: A unique portfolio in LATAM's Generation business
Endesa Chile IR presentation 9M 2013 A unique portfolio in LATAM’s Generation business COLOMBIA No. 2 2,914 MW inst. capacity BRAZIL Hydro: 2,470 MW 987 MW inst. capacity Thermal : 444 MW Hydro: 665 MW Thermal : 322 MW 20% market share 1% market share in generation PERU No. 1 1,661 MW inst. capacity
Slide 4: Financial highlights
Endesa Chile IR presentation 9M 2013 Financial highlights1 Th US$ Ch$ Million 9M 2013 9M 2012 Change 9M 2013 Revenues 1,460,088 1,719,310 (15%) 2,991 Costs (631,325) (982,460) (36%) (1,293) EBITDA 673,769 591,738 14% 1,380 EBIT 528,508 455,072 16% 1,083 Net Financial Expenses (111,941) (109,798) 2%
Slide 5: EBITDA by Country
Endesa Chile IR presentation 9M 2013 EBITDA by Country Total Installed Capacity 1: 13,798 MW Total Generation 1 (TTM): 56,347 GWh Chile Chile 36% Argentina Argentina 40% 23% 27% Peru Peru 12% 16% Colombia Colombia 21% 25% EBITDA 9M13 (TTM): US$ 1,876 million Argentina 3% Chile Peru 39% 16% Endesa Br
Slide 6: Balanced Commercial Policy
Endesa Chile IR presentation 9M 2013 Balanced Commercial Policy Physical Sales as of September 2013 Chile Colombia Peru Argentina 4% 10% 16% 21% 29% 52% 53% 75% 19% 37% 84% Regulated Unregulated Spot Physical Sales as of September 2012 Chile Colombia Peru Argentina 5% 5% 17% 29% 29% 30% 53% 66% 18%
Slide 7: Healthy Debt Profile
Endesa Chile IR presentation 9M 2013 Healthy Debt Profile US$ million Financial Debt Maturity1 •Cash: 2,500 Total Debt: US$ 4,238 MM 2,024 US$ 663 MM 2,000 •Commited Credit Lines: 1,500 1,150 US$ 497 MM 1,000 •Non-Commited Credit Lines: 500 294 119 67 29 82 98 85 133 50 107 US$ 381 MM 0 < 1 year 1-2
Slide 8: Free Cash Flow (US$ million)
Endesa Chile IR presentation 9M 2013 Free Cash Flow (US$ million)1 1,876 1,714 569 494 (300) (304) (240) (381) (397) (538) (607) EBITDA Net Financial Result Payments for Income Tax Free Cash Flow Dividends Additions of Fixed Assets 2012 9M 2013 TTM 1Amounts translated into US$ at the average exchang
Slide 9: Electricity demand Evolution in LATAM
Endesa Chile IR presentation 9M 2013 Electricity demand Evolution in LATAM Historic electricity demand growth (CAGR, last ten years) 180% 5.5% 170% 160% 4.8% 150% 4.0% Total Sales in GWh (%) 140% 3.3% 130% 2.7% 120% 110% 100% 90% * 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Years CHILE C
Slide 10: Direct relation between GDP and electricity demand
Endesa Chile IR presentation 9M 2013 Direct relation between GDP and electricity demand 18,000 16,000 FINLAND Electricity consumption, per capita (Kwh per year) CANADA 14,000 UNITED STATES 12,000 AUSTRALIA 10,000 8,000 JAPAN FRANCE AUSTRIA SPAIN GERMANY IRELAND 6,000 UNITED KINGDOM ITALY RUSSIA GREE
Slide 11: Projects Under Construction
Endesa Chile IR presentation 9M 2013 Projects Under Construction El Quimbo • Hydro power plant. • Located in the Huila Department. • Utilizes stream coming from Magdalena River. • 400 MW of installed capacity. • Estimated load factor: 60%. • River detour in March 2012. 11
Slide 12: Projects Under Construction
Endesa Chile IR presentation 9M 2013 Projects Under Construction Salaco Chain (optimization) • Repowering the minor plants to reach 221 MW power. • Located in the Bogotá River system. • Optimization works started in January 2013. • 145 MW will be added to the capacity. 12
Slide 13: Expected Evolution for Endesa Chile Installed Capacity
Endesa Chile IR presentation 9M 2013 Expected Evolution for Endesa Chile Installed Capacity Increase percentage over 2012 installed capacity 12% 740 Punta Alcalde 188 Curibamba 150 Los Cóndores 120 TalTal 4% 490 Neltume 400 El Quimbo 400 145 Salaco 145 13,794 13,794 13,794 2012 Under Construction On
Slide 14: Market Value and Dividends
Endesa Chile IR presentation 9M 2013 Market Value and Dividends EBITDA 1 Dividends (US$ Million) (Ch$ per Share) 2,248 32.5 2,033 2,098 2,014 1,876 26.8 27.2 1,671 1,714 1,503 21.3 13.8 14.3 2006 2007 2008 2009 2010 2011 2012 1H 2013 2007 2008 2009 2010 2011 2012 TTM Market Value 2 (US$ Million) 15,
Slide 15: Key factors
Endesa Chile IR presentation 9M 2013 Key factors Multinational electricity generation company based in Chile. Vast experience, with over 70 years of history. Efficient and diversified investment portfolio of generation assets. Balanced commercial policy leading to revenue and margin stability.
Slide 16: Endesa Chile's Investor Relations Team
Endesa Chile IR presentation 9M 2013 Endesa Chile’s Investor Relations Team Susana Rey Catalina Gonzalez Investor Relations Director Head of Investor Relations (56-2) 2630 9606 (56-2) 2630 9603 susana.rey@endesa.cl cbgs@endesa.cl Guillermo Berguecio Investor Relations Executive (56-2) 2630 9506 gabb
Slide 17: EXHIBITS
Endesa Chile IR presentation 9M 2013 EXHIBITS 17
Slide 18: Highlights of 9M13
Endesa Chile IR presentation 9M 2013 Highlights of 9M13 27% growth in Net Income attributable to Endesa Chile’s shareholders, mainly due to higher operating income explained by lower generation cost 14% increase in consolidated EBITDA mainly due to operational improvements in Chile and in less exten
Slide 19: Argentina
Endesa Chile IR presentation 9M 2013 Argentina Installed Capacity: 3,652 MW Market Share*: 12% Total Generation: 7,429 GWh EL CHOCÓN Hydro El Chocón: 1,328 MW 1,328 MW Million US$ 9M 2013 9M 2012 Change Revenues 54 83 (35% ) EBITDA 23 50 (54% ) EBITDA Margin 42.9% 60.1% (29% ) Physical Sales (GWh) 2
Slide 20: Peru
Endesa Chile IR presentation 9M 2013 Peru Installed Capacity: 1,661 MW Market Share*: 21% Total Generation: 6,182 GWh EDEGEL Cuenca Río Rímac: 556 MW 45% Hydro Yanango: 43 MW 750 MW Chimay: 151 MW Ventanilla: 485 MW 55% Thermal Santa Rosa: 426 MW 911 MW Million US$ 9M 2013 9M 2012 Change Lima: Reven
Slide 21: Chile
Endesa Chile IR presentation 9M 2013 Chile Installed Capacity1: 5,571 MW Market Share*: 30% Total Generation1: 14,543 GWh Tarapaca ENDESA CHILE Los Molles: 18 MW Rapel-Sauzal: 466 MW D. Almagro–Taltal Maule: 875 MW 62% Hydro Laja: 940 MW 3,456 MW Huasco Ralco-Pangue: 1,157 MW Los Molles Tarapaca 182
Slide 22: Colombia
Endesa Chile IR presentation 9M 2013 Colombia Installed Capacity: 2,914 MW Market Share*: 20% Total Generation: 9,620 GWh EMGESA Guavio: 1,213 MW Cartagena Betania: 541 MW 85% Hydro 2,470 MW Río Bogotá: 716 MW Cartagena: 208 MW 15% Thermal Bogotá Termozipa: 236 MW 444 MW Million US$ 9M 2013 9M 2012
Slide 23: Brazil
Endesa Chile IR presentation 9M 2013 Brazil Installed Capacity: 987 MW Market Share*: 1% Total Generation: 3,631 GWh CACHOEIRA Hydro Fortaleza Cachoeira: 665 MW 665 MW Million US$ 9M 2013 9M 2012 Change Revenues 181 222 (18% ) EBITDA 136 157 (13% ) Cachoeira EBITDA Margin 74.9% 70.6% 6% Rio de Janei
Slide 24: Installed Capacity and Energy Generation
Endesa Chile IR presentation 9M 2013 Installed Capacity and Energy Generation MW CHILE COLOMBIA PERU ARGENTINA TOTAL Total 5,571 2,914 1,661 3,652 13,798 HYDRO 3,465 2,471 750 1,328 8,014 Installed Capacity (MW) NUCLEAR 0 0 0 0 0 COAL 636 236 0 0 872 OIL-GAS 1,392 208 911 2,324 4,835 CHP / RENEWABLE
Slide 25: Strong Financial Position
Endesa Chile IR presentation 9M 2013 Strong Financial Position Th US$1 Ch$ Million 9M 2013 2012 Change % Change 9M 2013 Gross Debt 1,850,172 1,932,107 (81,935) (4%) 3,670 Cash 334,304 235,678 98,626 30% 663 Net Debt 1,515,868 1,696,429 (180,561) (12%) 3,006 Leverage 0.87 0.88 (0.01) (1%) 0.89 Financ
Slide 26: Balanced Debt Maturity in each country
Endesa Chile IR presentation 9M 2013 Balanced Debt Maturity in each country Financial Debt Maturity1 US$ Million 2013 2014 2015 2016 2017 Balance TOTAL Chile 485 409 219 15 12 906 2,047 Argentina 173 34 16 9 - - 233 Peru 12 52 36 60 50 81 291 Colombia - 74 152 21 110 1,310 1,667 TOTAL 670 570 424 10
Slide 27: Principal Financial Ratios
Endesa Chile IR presentation 9M 2013 Principal Financial Ratios Net debt1/EBITDA EBITDA/Net financial expenses 8.9 8.0 2.0 2.0 7.4 1.9 6.2 1.5 1.5 1.5 5.6 5.7 2008 2009 2010 2011 2012 9M 2013 2008 2009 2010 2011 2012 9M 2013 TTM TTM Endesa Chile 9M 2013 9M 2012 Financial Expense Coverage2 5.62 4.81
Slide 28: Endesa Chile IR presentation 9M 2013
Endesa Chile IR presentation 9M 2013 “This document is the property of ENDESA and therefore must not be disseminated or published without ENDESA's prior written consent. The content of this document is provided for information purposes only and therefore has no contractual substance and should not b