El5-ener · RUS:ELFV
El5-ener — Enel OGK-5 — FY2011 Earnings Presentation
11 slides from El5-ener's earnings presentation, Mar 6, 2012
Slide 1: Enel OGK-5 2011 Results
Enel OGK-5 2011 Results Moscow, 6 March 2012
Slide 2: Agenda
Enel OGK 5 Enel OGK-5 2011 Results Investor Relations Agenda • Financial Highlights • Power Generation and Sales • Unit Margin on Sales • EBITDA Evolution • From EBIT to Net Income • Net Debt Evolution • Focus on Liquidity 2
Slide 3: Financial Highlights (Mn RUR)
Enel OGK 5 Enel OGK-5 2011 Results Investor Relations Financial Highlights (Mn RUR)1 2010 2011 % Revenues2 52,561 60,102 +14 EBITDA 9,246 13,550 +47 EBITDA margin (%) 18 23 Recurring EBITDA3 10,529 12,399 +18 EBITDA margin (%) 20 21 Net Income 3,695 4,964 +34 Net Debt 20,203 27,443 +36 EBITDA/Net fi
Slide 4: Power Output and Sales
Enel OGK 5 Enel OGK-5 2011 Results Investor Relations Power Output and Sales Net Output (TWh) Power Sales (TWh) -1% +4% 42.8 42.4 46.0 47.9 51% 47% Unregulated Coal 84% 67% Regulated Gas 49% 53% 33% 16% 2010 2011 2010 2011 Plant availability Utilization on total capacity 83% 79% 59% 57% 2010 2011 20
Slide 5: Unit Margin on Sales (RUR/MWh)
Enel OGK 5 Enel OGK-5 2011 Results Investor Relations Unit Margin on Sales (RUR/MWh)1 Unit Price +15% Unit Margin on Sales 922 800 +22% 2010 2011 191 156 Unit Cost of Sales2 +14% 2010 2011 643 731 2010 2011 Unit margin resilience 1 Excluding capacity payment 2 Including energy purchases 5
Slide 6: EBITDA evolution (Mn RUR)
Enel OGK 5 Enel OGK-5 2011 Results Investor Relations EBITDA evolution (Mn RUR) +18% +2,890 -356 +1,151 13,550 -664 12,399 Manageable Not manageable Provisions costs 10,529 costs and other release items Generation margin 2010 2011 2011 Recurring Recurring Reported EBITDA growth supported by increase
Slide 7: From EBIT to Net Income (Mn RUR)
Enel OGK 5 Enel OGK-5 2011 Results Investor Relations From EBIT to Net Income (Mn RUR) 2010 2011 % EBIT 5,648 8,724 +54 Net Financial Charges1 (1,049) (2,452) +134 Share of result of associates - - n.a. EBT 4,600 6,272 +36 Income Tax (905) (1,308) +45 Net Income 3,695 4,964 +34 1. Including FX diffe
Slide 8: Net Debt Evolution
Enel OGK 5 Enel OGK-5 2011 Results Investor Relations Net Debt Evolution Net Debt (Mn RUR) Fixed + Hedged on Total Debt +7,240 16% Floating 6% 94% 84% Fixed/Hedged +1,543 27,443 +619 +17,321 31Dec10 31Dec11 Net financial FX loss charges 20,203 -12,243 Average Cost of Debt 2010 2011 Cost Weight Cost
Slide 9: Focus on Liquidity
Enel OGK 5 Enel OGK-5 2011 Results Investor Relations Focus on Liquidity Available credit facilities (Bn RUR)1 Utilized amount (%) +11.5 47.0 70% 60% 35.5 Long-term 82% 86% Short-term 18% 14% 31Dec10 31Dec11 31Dec10 31Dec11 Well-balanced debt structure 1 Not adjusted for FX differences on EUR-nomina
Slide 10: Disclaimer
Enel OGK 5 Investor Relations Disclaimer This presentation contains certain statements that are neither reported financial results nor other historical information (“forward-looking statements”). These forward-looking statements are based on JSC OGK-5 ’s current expectations and projections about fu
Slide 11: Contact Us
Enel OGK 5 Investor Relations Contact Us • Alexey Leonov (Head of IR) +7 495 539 31 31 ext. 7631 alexey.leonov@enel.com Visit our website at: www.ogk-5.com (Investor Relations) 11