The AES Corporation · NYSE:AES
The AES — Fact Sheet (February 2015)
36 slides from The AES's fact sheet, Feb 26, 2015
Slide 1: The AES Corporation Fact Sheet
The AES Corporation Fact Sheet As of February 26, 2015
Slide 2: Full Year 2014 Adjusted Pre-Tax Contribution
Full Year 2014 Adjusted Pre-Tax Contribution (PTC)1: $1.9 Billion Before Corporate Charges of $0.5 Billion The AES Corporation (NYSE: AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 18 countries through our diverse portfolio of distribution businesses as well
Slide 3: AES Total: 34,732 Gross MW in Operation
AES Total: 34,732 Gross MW in Operation Fuel Type SBU Oil, Diesel & Pet Coke 4% Asia 5% Renewables1 Europe 19% 33% Gas 36% 24% US MCAC 9% 9% Brazil 38% 23% Coal Andes 1. Renewables includes: hydro, wind, energy storage, biomass and landfill gas. Contains Forward-Looking Statements 3
Slide 4: AES Total: 27,049 Proportional MW in Operation
AES Total: 27,049 Proportional MW in Operation Fuel Type SBU Oil, Diesel & Pet Coke 3% Asia 6% Europe Renewables1 18% 16% 36% Gas 44% US MCAC 9% Brazil 3% 42% 23% Coal Andes 1. Renewables includes: hydro, wind, energy storage, biomass and landfill gas. Contains Forward-Looking Statements 4
Slide 5: United States Total: 12,345 Gross MW in Operation
United States Total: 12,345 Gross MW in Operation Fuel Type Renewables1 3% Oil & Pet Coke 8% 44% Gas Coal 45% 1. Renewables includes: wind and energy storage. Contains Forward-Looking Statements 5
Slide 6: United States Total: 11,826 Proportional MW in Operation
United States Total: 11,826 Proportional MW in Operation Fuel Type Renewables1 2% Oil & Pet Coke 8% 46% Gas Coal 44% 1. Renewables includes: wind and energy storage. Contains Forward-Looking Statements 6
Slide 7: Generation – United States
Generation – United States Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Southern California Southland – Alamitos US-CA Gas 2,075 100% 1998 2018 Edison Southland – Redondo Southern California US-C
Slide 8: Generation – United States
Generation – United States Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Laurel Mountain US-WV Wind 98 100% 2011 Southern California Mountain View I & II1 US-CA Wind 67 100% 2008 2021 Edison Laure
Slide 9: Utilities – United States
Utilities – United States Approximate Number of Approximate AES Equity Business Location Type Gross MW Customers GWh Sold in Date of Acquisition Interest Served as of 2014 12/31/14 DPL1 US-OH Integrated 3,066 100% 644,000 18,763 2011 IPL2 US-IN Integrated 3,454 85% 481,000 16,034 2001 UNITED STATES
Slide 10: Andes Total: 8,032 Gross MW in Operation
Andes Total: 8,032 Gross MW in Operation Fuel Type Geography Oil & Diesel Colombia Renewables1 7% 12% 24% Gas 44% Argentina 33% Chile 44% 36% Coal 1. Renewables includes: hydro, energy storage and biomass. Contains Forward-Looking Statements 10
Slide 11: Andes Total: 6,190 Proportional MW in Operation
Andes Total: 6,190 Proportional MW in Operation Fuel Type Geography Oil & Diesel Colombia Renewables1 7% 11% 26% Gas 35% 52% Argentina Chile 37% 32% Coal 1. Renewables includes: hydro, energy storage and biomass. Contains Forward-Looking Statements 11
Slide 12: Generation – Andes
Generation – Andes AES Gener: Colombia, Chile & Argentina Date of Acquisition or AES Equity Commencement Contract Business Location Fuel Gross MW Customer(s) Interest Expiration Date of Commercial Operations Chivor Colombia Hydro 1,000 71% 2000 Short-term Various Colombia Subtotal 1,000 Electrica Sa
Slide 13: Generation – Andes
Generation – Andes Argentina Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Alicura Argentina Hydro 1,050 100% 2000 2017 Various Paraná-GT Argentina Gas/Diesel 845 100% 2001 San Nicolás Argentina C
Slide 14: Brazil Total: 3,298 Gross MW in Operation
Brazil Total: 3,298 Gross MW in Operation Fuel Type Gas 19% 81% Renewables1 1. Renewables includes: hydro. Contains Forward-Looking Statements 14
Slide 15: Brazil Total: 932 Proportional MW in Operation
Brazil Total: 932 Proportional MW in Operation Fuel Type Gas 32% 68% Renewables1 1. Renewables includes: hydro. Contains Forward-Looking Statements 15
Slide 16: Brazil
Brazil Generation Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Tietê1 Brazil Hydro 2,658 24% 1999 2015 Eletropaulo Uruguaiana Brazil Gas 640 46% 2000 BRAZIL SUBTOTAL 3,298 Utilities Approximate N
Slide 17: MCAC Total: 3,140 Gross MW in Operation
Mexico, Central America & Caribbean (MCAC) Total: 3,140 Gross MW in Operation Fuel Type Geography Pet Coke Puerto Rico Dominican Republic 17% 17% 27% 34% Gas 23% 22% Renewables1 Panama 34% 26% Coal Mexico 1. Renewables includes: hydro and landfill gas. Contains Forward-Looking Statements 17
Slide 18: MCAC Total: 2,434 Proportional MW in Operation
Mexico, Central America & Caribbean (MCAC) Total: 2,434 Proportional MW in Operation Fuel Type Geography Pet Coke Puerto Rico Dominican 22% Republic 22% 26% 33% Gas 18% Panama 18% Renewables1 34% 27% Coal Mexico 1. Renewables includes: hydro and landfill gas. Contains Forward-Looking Statements 18
Slide 19: Generation – Mexico, Central America & Caribbean (MCAC)
Generation – Mexico, Central America & Caribbean (MCAC) Dominican Republic, El Salvador & Mexico Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Ede Este, Non- Dominican Andres Gas 319 92% 2003 2018
Slide 20: Generation – Mexico, Central America & Caribbean (MCAC)
Generation – Mexico, Central America & Caribbean (MCAC) Panama & Puerto Rico Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Electra Noreste, Bayano Panama Hydro 260 49% 1999 2030 Edemet, Edechi, Ot
Slide 21: Utilities – Mexico, Central America & Caribbean (MCAC)
Utilities – Mexico, Central America & Caribbean (MCAC) El Salvador Approximate Number Approximate GWh Business Location Type AES Equity Interest of Customers Served Date of Acquisition Sold in 2014 as of 12/31/14 CAESS El Salvador Distribution 75% 576,000 2,108 2000 CLESA El Salvador Distribution 80
Slide 22: Europe Total: 6,699 Gross MW in Operation
Europe Total: 6,699 Gross MW in Operation Fuel Type Geography 5% Oil Bulgaria Renewables1 United 13% Kingdom 18% 29% Jordan 33% Gas 9% 9% Netherlands 44% 40% Coal Kazakhstan 1. Renewables includes: hydro and wind. Contains Forward-Looking Statements 22
Slide 23: Europe Total: 4,989 Proportional MW in Operation
Europe Total: 4,989 Proportional MW in Operation Fuel Type Geography 5% Oil Renewables1 3% Bulgaria 17% 34% Gas United 38% 6% Jordan Kingdom Coal 58% 33% 6% Netherlands Kazakhstan 1. Renewables includes: hydro and wind. Contains Forward-Looking Statements 23
Slide 24: Generation – Europe
Generation – Europe Bulgaria, Jordan, Kazakhstan & Netherlands Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Natsionalna Maritza Bulgaria Coal 690 100% 2011 2026 Elektricheska Natsionalna St. Niko
Slide 25: Generation – Europe
Generation – Europe United Kingdom Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Power NI and Single Ballylumford United Kingdom Gas 1,246 100% 2010 2023 Electricity Market (SEM) Single Electricit
Slide 26: Asia Total: 1,218 Gross MW in Operation
Asia Total: 1,218 Gross MW in Operation Fuel Type Geography Diesel Sri Lanka 14% 14% India 34% 86% 52% Philippines Coal Contains Forward-Looking Statements 26
Slide 27: Asia Total: 678 Proportional MW in Operation
Asia Total: 678 Proportional MW in Operation Fuel Type Geography Sri Lanka Diesel India 22% 22% 31% 78% 47% Coal Philippines Contains Forward-Looking Statements 27
Slide 28: Generation – Asia
Generation – Asia India, Philippines & Sri Lanka Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations OPGC India Coal 420 49% 1998 2026 GRID Corporation Ltd. INDIA SUBTOTAL 420 Mid- and Long- Masinloc Ph
Slide 29: AES Total: 7,141 Gross MW Under Construction
AES Total: 7,141 Gross MW Under Construction Fuel Type SBU Renewables1 1% Oil 9% Gas Asia 11% 36% 43% US 79% MCAC 3% 18% Coal Andes 1. Renewables includes: hydro, energy storage and solar. Contains Forward-Looking Statements 29
Slide 30: AES Total: 4,601 Proportional MW Under Construction
AES Total: 4,601 Proportional MW Under Construction Fuel Type SBU Renewables1 1% Oil 6% Gas Asia 15% 28% MCAC 3% 57% US 12% 78% Andes Coal 1. Renewables includes: hydro, energy storage and solar. Contains Forward-Looking Statements 30
Slide 31: Generation Under Construction
Generation Under Construction US, Chile, Colombia & Dominican Republic Expected Commercial Business Location Fuel Gross MW AES Equity Interest Operations Date IPL MATS1 US-IN Coal 2,400 100% 1H 2016 Eagle Valley CCGT1 US-IN Gas 671 100% 1H 2017 Warrior Run ES2 US-MD Energy Storage 20 100% 1H 2015 US
Slide 32: Generation Under Construction
Generation Under Construction India, Panama & Vietnam Expected Commercial Business Location Fuel Gross MW AES Equity Interest Operations Date OPGC II India Coal 1.320 49% 1H 2018 INDIA SUBTOTAL 1,320 Estrella del Mar I Panama Fuel Oil 72 49% 1H 2015 PANAMA SUBTOTAL 72 Mong Duong II Vietnam Coal 1,24
Slide 33: Appendix
Appendix l Adjusted EPS Roll-Up Slide 33 l Reconciliation Slide 34 l Definitions Slide 35 Contains Forward-Looking Statements 33
Slide 34: FY 2014 Adjusted PTC and Adjusted EPS
FY 2014 Adjusted PTC1 and Adjusted EPS1 $ in Millions 2014 Adjusted PTC1 SBU FY 2013 FY 2014 Modeling Range US $440 $445 $430-$460 Andes $353 $421 $410-$450 Brazil $212 $242 $235-$255 MCAC $339 $352 $340-$370 Europe $345 $348 $350-$370 Asia $142 $46 $35-$55 Total SBUs $1,831 $1,854 $1,800-$1,960 Cor
Slide 35: Reconciliation of Full Year Adjusted PTC & Adjusted EPS
Reconciliation of Full Year Adjusted PTC1 & Adjusted EPS1 FY 2014 FY 2013 Per Share Per Share $ in Millions, Except Per Share Amounts (Diluted) Net (Diluted) Net Net of NCI2 of NCI2 and Net of NCI2 of NCI2 and Tax Tax Loss (Income) from Continuing Operations Attributable to AES and Diluted EPS $789
Slide 36: Definitions
Definitions l Adjusted Earnings Per Share (a non-GAAP financial measure) is defined as diluted earnings per share from continuing operations excluding gains or losses of both consolidated entities and entities accounted for under the equity method due to (a) unrealized gains or losses related to de