Enel Americas S.a. · BCS:ENELAM

Enel Americas — Enersis — H1 2013 Earnings Presentation

21 slides from Enel Americas's earnings presentation, Jul 25, 2013

  1. Slide 1: Enersis 1H 2013 results

    07 | 25 | 2013 enersis 1H 2013 results

  2. Slide 2: Highlights

    consolidated results 1H 2013 Highlights Average demand1 growth in LatAm reaches +3.5% improving the trend vs 1Q13 The GAP of hydro generation caused by the persistence of droughts in the region was faced through the entrance of the new thermal plant Bocamina II in Chile2 (+1.2 TWh) and higher CCGT p

  3. Slide 3: Business context in 1H 2013

    consolidated results 1H 2013 Business context in 1H 2013 Demand (%) Generation Output (TWh) +3.5%(1) -1.9%(2) 9.0 9.1 5.8% 5.7% 4.6% 6.3 6.3 5.7 5.5 3.1% 3.3% 4.4 4.2 2.7% 2.3% 2.4 2.2 0.9% 1.1% Enersis - Investor Relations 0.2% Chile Colombia Brazil Peru Argentina Chile Colombia Brazil Peru Argenti

  4. Slide 4: Financial highlights

    consolidated results 1H 2013 Financial highlights1 Th US$ 1H 2013 1H 2012 Change Ch$ Million 1H 2013 Revenues 3,157,601 3,251,304 -2.9% 6,596 EBITDA 1,087,175 935,698 16.2% 2,271 Enersis - Investor Relations EBIT 865,630 704,427 22.9% 1,808 Group Income 562,306 388,715 44.7% 1,175 Group Net Ordinary

  5. Slide 5: From EBIT to net income

    consolidated results 1H 2013 From EBIT to net income1 Th US$ 1H 2013 1H 2012 Change Ch$ Million 1H 2013 EBIT 865,630 704,427 22.9% 1,808 Net Financial Charges -63,464 -162,089 -60.8% -133 Interest Charges -205,410 -233,494 -12.0% -429 Enersis - Investor Relations Other 141,946 89,322 58.9% 297 Net I

  6. Slide 6: Focus on forward electricity sales

    consolidated results 1H 2013 Focus on forward electricity sales Level of total production hedge (%) Latam 26% Enersis - Investor Relations 32% Unhedged 74% 68% Hedged 2013 2014 Overall hedge in estimated output equals to ~ 74% in 2013 and ~ 68% in 2014 35% and 19% of generation sold through contract

  7. Slide 7: Regulation update: Latam (I)

    consolidated results 1H 2013 Regulation update: Latam (I)  Dx: MMC recognition from May 2007 to February 2013: • Increase of EBITDA and net income levels. No significant cash flow impact • Resolution SE Nº 250/13 (May 7th, 2013) authorized a compensation to Edesur of positive credit concerning MMC

  8. Slide 8: Regulation update: Latam (II)

    consolidated results 1H 2013 Regulation update: Latam (II)  Congress agreement on projects of non-conventional renewable and electrical concessions • The goal of 20% of total production to be generated from renewable sources as of Chile 2025 applies to new contracts and exclusive auctions for non-c

  9. Slide 9: Chile

    consolidated results 1H 2013 Chile Generation output Distribution sales(1) Chile GWh +1%  Gx: Despite lower hydrology, energy GWh +5% output remained stable vs 2012 thanks to Bocamina II plant 9,030 9,109  Dx: Strong demand supported by 7,121 7,452 residential & commercial customers and new real e

  10. Slide 10: Brazil

    consolidated results 1H 2013 Brazil Distribution sales(1) Brazil GWh Generation output +6%  Gx: Worse hydro conditions due to GWh drought impacted Cachoeira, partly offset by thermal dispatch from Fortaleza. 10,139 10,727 -6%  Dx: Strong demand linked to weather conditions 2,361 2,216 Enersis - In

  11. Slide 11: Colombia

    consolidated results 1H 2013 Colombia Colombia Generation GWh output Distribution sales(1) +3% GWh -0%  Gx: Lower hydro conditions compensated by higher thermal generation from coal-fired plants. 6,333 6,311 6,356 6,567  Dx: Stable demand in line with country dynamics Enersis - Investor Relations

  12. Slide 12: Peru

    consolidated results 1H 2013 Peru Generation output Distribution sales(1) Peru GWh GWh -5%  Gx: Lower thermal dispatch, partially +2% offset by recovery of Ventanilla  Dx: Lower energy sales due to 4,367 4,153 3,448 3,526 slowdown in manufacture activity in Lima area Enersis - Investor Relations 1

  13. Slide 13: Argentina

    consolidated results 1H 2013 Argentina Argentina Generation GWh output Distribution sales(1) +0% GWh  Gx: Worse hydro conditions and -4% lower thermal availability 8,672 8,686  Dx: Lower demand due to slowdown 5,719 5,504 in economic activity Enersis - Investor Relations 1H 2012 1 1H 2013 1H 2012

  14. Slide 14: A solid financial position

    consolidated results 1H 2013 A solid financial position Net debt evolution in 1H 2013 Ch$ Million 1.14x 2.02x Enersis - Investor Relations 0.54x (3) • Enersis liquidity ex Endesa Chile covers 41 months of debt maturities including interest expenses • Enersis liquidity covers 31 months of debt maturi

  15. Slide 15: Conclusions 1H 2013

    Conclusions 1H 2013 Final Remarks Consolidated results incorporate the effect of transferred assets from Endesa, S.A. for the capital increase and the higher financial income related thanks to the invested cash Enersis - Investor Relations Despite the persistent drought in Chile, the Group has obtai

  16. Slide 16: Annexes

    annexes

  17. Slide 17: Operational annexes 1H 2013

    Operational annexes 1H 2013 Installed capacity Chile Colombia Brazil Peru Argentina Total Total 5,571 2,914 987 1,773 4,522 15,766 Hydro 3,456 2,471 665 746 1,328 8,666 Enersis - Investor Relations Installed Nuclear 0 0 0 0 0 0 Capacity Coal 636 236 0 0 0 872 Oil-Gas 1,392 208 322 1,027 3,194 6,142

  18. Slide 18: Enersis: financial debt maturity calendar

    Financial annexes 1H 2013 Enersis: financial debt maturity calendar Debt by Country Ch$ million 2013 2014 2015 2016 2017 Balance TOTAL Chile 204,094 376,988 113,923 226,914 9,310 471,844 1,403,072 Argentina 129,376 86,756 9,541 4,922 - - 230,594 Peru 18,475 61,532 47,464 50,552 45,388 149,932 373,34

  19. Slide 19: Enersis: financial debt maturity calendar

    Financial annexes 1H 2013 Enersis: financial debt maturity calendar Debt maturity profile outstanding as of June 30, 2013 US$ million 2,500 2,097 2,000 1,500 1,381 944 1,000 792 458 500 275 162 140 156 161 167 203 0 < 1 year 1-2 years 2-3 years 3-4 years 4-5 years 5 years and beyond Bonds Banks and

  20. Slide 20: Disclaimer

    Disclamer 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, belief or curre

  21. Slide 21: Contact us

    Contact us Investor Relations Team (ir@enersis.cl) • Pedro Cañamero +56 2 2353 4434 • Denisse Labarca +56 2 2353 4576 • Nicolas Donoso +56 2 2353 4492 • Jorge Velis +56 2 2353 4552 • Carmen Poblete +56 2 2353 4447 • Maria Luz Muñoz +56 2 2353 4682 Visit our website at: www.enersis.cl (Investor Relat

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