Interconexion Electrica Sa Esp · BVC:ISA
Interconexion Electrica Sa Esp — Q3 2020 Earnings Presentation
28 slides from Interconexion Electrica Sa Esp's earnings presentation, Nov 6, 2020
Slide 1: Financial Results 2020 Third Quarter
FINANCIAL RESULTS 2020 Third Quarter CONNECTIONS THAT INSPIRE November 6, 2020 © ALL RIGHTS RESERVED BY INTERCONEXIÓN ELÉCTRICA S.A. E.S.P.
Slide 2: Agenda
1 HIGHLIGHTS CONCESIÓN 2 COSTERA FINANCIAL 3 RESULTS 4 CLOSING NOTES 5 Q&A © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N E L É C T R I C A S . A . E . S . P .
Slide 3: Highlights
HIGHLIGHTS B e r n a rd o Va rga s G i bs o n e CEO © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N E L É C T R I C A S . A . E . S . P .
Slide 4: Concesión Costera Cartagena Barranquilla
x x CONCESIÓN COSTERA C A RTA G E N A B A R R A N Q U I L L A HIGHLIGHTS 146 More than 4,5 16 7.980 kilometers in million users annually benefited Jobs generated to 2 sections communities date 4 ISA S.A. E.S.P. 3Q20 FINANCIAL RESULTS © © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó
Slide 5: ETENORTE and ETESELVA Acquisition
ETENORTE AND ETESELVA ACQUISITION ENERGY TRANSMISSION 6 USD 13 Transmission Lines million revenues PERPETUITY 4 CONCESSIONS 5 6 73% ETESELVA 744 kilometers Peru participation 5 ISA S.A. E.S.P. 3Q20 FINANCIAL RESULTS © © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N E L É C T R I C
Slide 6: Conexión Jaguar Program
CONEXIÓN JAGUAR PROGRAM With supported projects ✓ Reduction of 9 million tons of CO2 and potential reduction of an additional 4 million tons of CO2. ✓ Has contributed to improving the quality of life of 300 families and conserving 436,533 hectares. ✓ 400,000 hectares of the Jaguar Corridor have been
Slide 7: COVID-19 Impact and Management
COVID-19 IMPACT AND MANAGEMENT Businesses Our People Community 15 ➢ Priority: the health, ➢ ISA/One-Health Medical Projects under brigades wellbeing, and safety of construction our employees ➢ Collaborative research with third parties in the DogSavior ➢ Around 65% of employees 4 project working from
Slide 8: Investments
INVESTMENTS Figures in trillions of Colombian pesos 3Q INVESTMENT Peru 38,0% Colombia 2020(E) 18,2% COP 1.691 INVESTMENT 9M20 billion Roads Telco Brazil Chile 23,7% COP 5.476 9,7% 1,9% 20,1% billion 9M INVESTMENT COP 3.475 9M20 billion Energy 88,4% 8 ISA S.A. E.S.P. 3Q20 FINANCIAL RESULTS © © A L L
Slide 9: Concesión Costera
CONCESIÓN COSTERA F ra n c i s c o J o s é G n e c c o CEO Concesión Costera 99 ISA S.A. E.S.P. 3Q20 FINANCIAL RESULTS © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N E L É C T R I C A S . A . E . S . P .
Slide 10: Concesión Costera
CONCESIÓN COSTERA UF Rote Km Work Second lanes construction Anillo Vial de Crespo– La (5 km) 1 Boquilla 14 Rehabilitation (7 km) Maintenance (2 km) Viaducto el Gran Manglar 5 2 sobre La Virgen Second lanes construction Cartagena - Barranquilla 91 Rehabilitation (81 km) 3 Maintenance (9 km) Puerto. C
Slide 11: Concesión Costera as of September 2020
CONCESIÓN COSTERA AS OF SEPTEMBER 2020 COP213 billion COP51 billion COP 2.979billion COP 1.513billion Revenues EBITDA Assets Debt ISA’s investment COP 530 million 11 ISA S.A. E.S.P. RESULTADOS FINANCIEROS 3Q20 © T O D O S L O S D E R E C H O S R E S E R V A D O S P O R I N T E R C O N E X I Ó N E L
Slide 12: Gran Manglar Viaduct
Gran Manglar Viaduct on Ciénaga de la CONCESIÓN COSTERA Virgen / Cartagena Longest in Colombia and third in Latin America 12 12 ISA S.A. E.S.P. 3Q20 FINANCIAL RESULTS © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N E L É C T R I C A S . A . E . S . P .
Slide 13: Environmental sustainability strategies
CONCESIÓN COSTERA 1. Top-Down construction method 2. Geo-Block access roads Recycled rubber 3. paving layer Lighting with solar 4. energy led panels 5. Water treatment system 5 environmental sustainability strategies implemented during construction 13 13 ISA S.A. E.S.P. 3Q20 FINANCIAL RESULTS © A L
Slide 14: Circunvalar de la Prosperidad
Circunvalar de la Prosperidad 36,7 kilometers CONCESIÓN COSTERA New logistics corridor in the Colombian Caribbean Region to reduce traffic and travel times to reach Ernesto Cortissoz International Airport in Barranquilla 14 ISA S.A. E.S.P. 3Q20 FINANCIAL RESULTS © T O D O S L O S D E R E C H O S R E
Slide 15: Financial Results
FINANCIAL RESULTS C a ro l i n a B o te ro Chief Financial Officer 15 15 ISA S.A. E.S.P. 3Q20 FINANCIAL RESULTS © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N E L É C T R I C A S . A . E . S . P .
Slide 16: 3Q20 Financial Performance
3Q20 FINANCIAL PERFORMANCE C O N S O L I D AT E D I N F O R M AT I O N Figures in trillions of Colombian pesos ROE 3T20: 14% EBITDA NET INCOME + 19% vs. 3Q19 + 19% vs. 3T19 COP 1,5 b + 19% vs. 9M19 COP 0,5 b + 18% vs. 9M19 ✓ Entry into operation of projects in Brazil and Colombia, and consolidation
Slide 17: EBITDA
EBITDA C O N S O L I D AT E D I N F O R M AT I O N Figures in billions of Colombian pesos EBITDA 9M20 EXCLUDING CONSTRUCTION Others 1,5% Peru Colombia 20,4% 24,4% EBITDA margin BY 65% BUSINESS Chile 15,5% EBITDA margin Brazil 62% + 19% 38,2% Telco COP 4.652 Roads 2,7% + 19% COP 3.898 11,0% COP 1.245
Slide 18: Net Income
NET INCOME C O N S O L I D AT E D I N F O R M AT I O N Figures in billions of Colombian pesos Change vs. +19% + 43% + 16% - 5% + 58% + 9% + 19% 3Q19 COP 1.480 Net margin COP 192 20% COP 294 COP 250 COP 1.288 COP 260 COP 484 EBITDA Prov. Dep, amor, other EBIT Net financial Taxes Minority Net Income 3
Slide 19: Financial Indicators
FINANCIAL INDICATORS C O N S O L I D AT E D I N F O R M AT I O N ROE Net debt / EBITDA 14,0 12,8 13,2 3,0 3,1 2,4 1,5 2,4 2,7 2,4 10,4 11,7 11,6 2018 2019 9M19 9M20 Operating EBITDA 2018 2019 9M20 Extraordinary events and RBSE ROE % excluding extraordinary events and RBSE ROE % margin 77% 72% 72% 72
Slide 20: Debt
DEBT C O N S O L I D AT E D I N F O R M AT I O N Figures in billions of Colombian pesos UF+CLP COP 20,0% 24,1% COP 1.932 + 19% BRL 11,2% COP 1.457 COP 21.441 UVR 0,7% COP 1.462 USD PEN 43,9% 0,1% COP 502 COP 18.051 COP 143 COP 175 Banks Increase Decrease 37,7% 2019 Balance Chile Colombia Brazil Peru
Slide 21: Consolidated Cash Flow
CONSOLIDATED CASH FLOW C O N S O L I D AT E D I N F O R M AT I O N Figures in billions of Colombian pesos SOURCES APPLICATIONS COP 3.371 COP 3.799 COP 8.874 COP 2.689 COP 2.493 COP 95 COP 725 COP 3.570 COP 1.481 COP 2.487 Balance 2019 Operating cash Returns and dividens Loan disbursement Total Sourc
Slide 22: CAPEX 2020-2024
CAPEX 2020-2024 Others C O M M I TT E D I N V E S T M E N T 0,1% Peru Figures in millions of US dollars Colombia 21,2% 26,8% BY COUNTRY The investment amount estimated for the period is Chile USD 4.363 million (COP 14,8 trillion) Brazil 18,7% 33,2% USD 1.841 USD 1.198 USD 664 USD 376 USD 284 Telco 2
Slide 23: Closing Notes
CLOSING B e r n a rd o Va rga s G i bs o n e CEO NOTES © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N E L É C T R I C A S . A . E . S . P .
Slide 24: ISA's Share 2020
ISA’S SHARE 2020 CLOSING AS OF 10/30/2020 NOTES Historical high 1 COP 22.300 Sep.1st Average daily volume (COP million) 22.300 23.000 20.860 21.000 VOLUME (COP million) 32.000 20.300 19.140 19.400 19.000 CLOSING PRICE 18.320 24.000 Variation YTD 17.200 17.000 16.000 15.400 15.000 14520 8.000 Vs. -31
Slide 25: Looking Ahead
CLOSING LOOKING AHEAD NOTES 2 COVID-19 Management ANEEL Auctions Battery Storage Auctions ISA on Roads Distribution of Dividends 25 ISA S.A. E.S.P. 3Q20 FINANCIAL RESULTS © © A L L R I G H T S R E S E R V E D B Y I N T E R C O N E X I Ó N E L É C T R I C A S . A . E . S . P .
Slide 26: Q&A
Q&A © T O D O S L O S D E R E C H O S R E S E R V A D O S P O R I N T E R C O N E X I Ó N E L É C T R I C A S . A . E . S . P .
Slide 27: Disclaimer
DISCLAIMER ISA has prepared the following report for information purposes. The Company is not liable for any investment decision based on this report. The statements contained herein reflect our current points of view regarding future events, are based on assumptions and are subject to risks and fac
Slide 28: Contacts
Contacts Carolina Botero Londoño Chief Financial Officer Investor Relations InvestorRelations@isa.com.co CONNECTIONS THAT INSPIRE ISA S.A. E.S.P. Calle 12 Sur 18 – 168 Medellín, Colombia www.isa.co NIT: 860.016.610-3 Tel: +57 4 3252270 Fax: +57 4 3170848 © A L L R I G H T S R E S E R V E D B Y I N T
Interconexión Eléctrica S.A. E.S.P. — Q3 2020 Earnings Presentation on 6ix