Colbun Sa · BCS:COLBUN
Colbun Sa — Credicorp Breakfast (November 2023)
38 slides from Colbun Sa's conference presentation, November 2023
Slide 1: Corporate Presentation - Credicorp Breakfast, November 2023
C Colbun CORPORATE PRESENTATION Credicorp Breakfast - November 2023
Slide 2: Hydrological situation
LEVEL AND ACCUMULATED ENERGY (m.a.s.| & GWh) Nas $ ——2022 2023 & 02022 = 2023 674 440 437 G E 3 G 49 ew 430 Be ge ae ee = © S 300 397 € 2 Oo = Oo sc 2 § § PSB QRH EY 8 $2 <a $€@ $3 PSs FPR SF ION (GWh/day) 35 5 30 26 Average 25 20 —— 2 15 | 40 = 2023 5 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov D
Slide 3: Hydrological situation
Hydrological situation ACCUMULATED RAINFALLS (mm) * HYDROELECTRIC GENERATION (TWh) Apr-Oct 2022 b +108mm +53% +846mm +42% +582mm +34% +164mm +6% -745mm -22% +899mm +46% +576mm +34% +745mm +31% -176mm -6% OSEN 2022 OSEN 2023 3 %ColbUn 2022 “Colbin 2023 2,5 2 1,5 1 N N NI N 0,5 N NI N N 0 S Jan Febr M
Slide 4: Better snow accumulation compared to 2022
Better snow accumulation compared to 2022
Slide 5: Nehuenco filter area fire
Nehuenco 1 filter area fire ✓ ✓ ✓ ✓ ✓ ✓ ✓
Slide 6: Commercial Strategy
Commercial Strategy Perú Chile ✓ ✓ ✓ ✓ ✓ ✓
Slide 7: Overview: Key Financial Figures
SKEYFINANCIALFIGURES @ © Overview EBITDA 3Q23 LTM CAPEX YTD NET DEBT / EBITDA US$813 mm US$378mm 1.2x + US$705 mm () US$108 mm 3Q23 US$107 mm US$226mm uss177mm uss49 mm Ce — ©) CASH Ove} DIVIDEND POLICY wal INTERNATIONAL RATINGS US$1.2 bn 50% Baa2 BBB+ BBB Moody’s — Fitch S&P Note: All figures as of
Slide 8: Markets Update
MARKET CONDITIONS f& Markets Update SEN 34 cw +6.0% y/y SEIN 13 cw 0% y/y LTM GENERATION GWh OHydro, OCoal OGas and LNG ODiesel GWind BSolar W Others 9% OHydro 57,808 OLNG GWh Others 43% DEMAND GROWTH 12 months average % 4% 3,3% 3,0% 260 210 160 110 60 10 Ccolbun MARGINAL COST US$/MWh Alto Jahuel Ca
Slide 9: Consolidated EBITDA 10% higher than 3Q22
Consolidated EBITDA 10% higher than 3Q22
Slide 10: Perú EBITDA 98% higher than 3Q22
Perú EBITDA 98% higher than 3Q22
Slide 11: Higher marginal cost in Perú than 3Q22
Higher marginal cost in Perú than 3Q22 HC Quitaracsa (100 MW) HC Chaglla (450 MW) TPP Las Flores VT (100 MW) WPP Punta Lomitas (90 MW) TPP Chilca I GT3 (180 MW) TPP Olleros GT1 (200 MW) TPP Las Flores VT (100 MW) TPP Olleros VT (200 MW)
Slide 12: Regulatory framework
Regulatory framework • • • • • • • • • •
Slide 13: Attractive portfolio of growth options
Attractive portfolio of growth options
Slide 14: Disclaimer & Contact Information
DISCLAIMER & CONTACT INFOR Y This document provides information about Colbun S.A. In no case this document constitutes a comprehensive analysis of the financial, production and sales situation of the company. INVESTOR RELATIONS TEAM CONTACT Y To evaluate whether to purchase or sell securities of the
Slide 15: Colbun - Credicorp Breakfast, November 2023
C Colbun CORPORATE PRESENTATION Credicorp Breakfast - November 2023
Slide 16: Board of Director's highlights
Board of Director's highlights
Slide 17: Overview: Key Financial Figures
SKEYFINANCIALFIGURES & © Overview 1. EBITDA & EBITDA MG (US$ million & %) 2. NET INCOME (US$ million) ZHI EBITDA ——EBITDA Mg 54 51% 484 311 202 89 4 2019 2020 2021 2022 = 3Q23 LTM 2019 2020 2021 2022 3Q23LTM 3. DEBT & NET DEBT (US$ million)* 4. DEBT/EBITDA & NET DEBT/EBITDA (x)* ODebt/EBITDA ODebt 2
Slide 18: Overview
Overview 1. CASH POSITION (US$ million) 2. CAPEX (US$ million) 1.419 479 1.154 274 254 i T ci f 2019 2020 2021 2022 3923 2019 2020 2021 2022 3Q23LTM c= 3. DIVIDEND (US$ million) Wi 1.24 256 “yl 2019 2020 2021 2022 2023 18 Note: All figures as of Sep23 (*) Financial leases are included from 2019 onwa
Slide 19: Prudent financial management
Prudent financial management STRUCTURE
Slide 20: Chile's projects under construction or under environmental studies assessment
Chile's projects under construction or under environmental studies assessment
Slide 21: Perú's projects under construction or under environmental studies assessment
Perú's projects under construction or under environmental studies assessment
Slide 22: Fossil fuel prices
Fossil fuel price. (USD/bbl) 120 100 85 0 HISTORICAL AND FORWARD CURVE 60 40 Brent Brent fwd API4 API4 fwd 20 350 0 300 §53585395 55555555553 250 2019 2020 2021 2022 2023 200 150 (UsD{ton) 0 conv > ore 350 BESS E 288 250 2019 2020 2021 2022 2023 2024 2025 2026 2027 200 126 a>vy oars ec ao >dBoaa 5 8
Slide 23: System's volatility
Fi Colbun System’s volatility TRANSMISSION INFRASTRUCTURE CONGESTED ate aeiet CrUCELO een} Hourly average marginal cost Oct22-Sep23 (LTM) USD/MWh 250 Diego de Almagro «=== 200 AS O Surplus , J Alito Jahuel Pan de AzUcar ~ @ Balanced SAY / ——Cardones Panera) O Deficit 100 iw WI Polpaico Alto Jahuel ~
Slide 24: Enhancing our core business
Enhancing our core business Other Industries Commerce and retail Food 7% 7% Agriculture and 2% 1 farming 73% 5% Energy Mining Foresty Warehouseing Education
Slide 25: Expanding our limits with B2B energy solutions
Expanding our limits with B2B energy solutions 1 2
Slide 26: Upcoming auctions
Upcoming auctions Details of previous bids for regulated customers - Unregulated clients demand 2023-2030 (GWh & US$/MWh) (TWh) 4.000 | stad. — CAGR: 2.7% 14.000 $129 $140 12.000 $120 Nie Growth and new demand 10,7 10.000 $100 21,0 8.000 $79 $80 12.4714 6.000 j'2.80¢ $60 65 =~ 47 4,000 $33 $40 AS 2.
Slide 27: Attractive portfolio of growth options
Attractive portfolio of growth options
Slide 28: Attractive portfolio of growth options
Attractive portfolio of growth options
Slide 29: Attractive portfolio of growth options
Attractive portfolio of growth options
Slide 30: Attractive portfolio of growth options
Attractive portfolio of growth options
Slide 31: Attractive portfolio of growth options
Attractive portfolio of growth options
Slide 32: Attractive portfolio of growth options
Attractive portfolio of growth options
Slide 33: Our ESG goals and highlights
Our ESG goals and highlights • • • • • • • • • • • • • •
Slide 34: 2022 Milestones
2022 Milestones ENVIRONMENTAL }~ SOCIAL (&> NPS: 78 points GOVERNANCE © Lower CO emission factor (Ton CO,e/MWh 4,000 mw of renewable energy ¥ 230 MW added Y 816 under construction Y 1,803 MW in the pipeline y 15% reduction compared to 2021 Client: (A> 22,2% female participation independent Directors
Slide 35: Our Strategy
Our Strategy ASSET BASE GROWTH IN B2B OPTIMIZATION RENEWABLES CLIENTS ( )) EXPANDING ENERGY SOLUTIONS GROWTH AND ° OUR LIMITS TX ENABLING INT. DIVERSIFICATION 35
Slide 36: International Investment Thesis
INTERNATIONAL INVESTMENT THESIS = ¢??) Ccolbun Incorporating new geographies would allow Colbun to expand its growth potential and diversify its portfolio. Al SCALE DIVERSIFICATION The electricity industry is a business that New geographies would make it possible requires scale to deliver efficienci
Slide 37: Infrastructure developments with high energy component
Infrastructure developments with high energy component ✓ ✓ ✓
Slide 38: Next decade goals
Next decade goals © WATER hn ~ GREENH2 = ~1.500 I/sec Projects Total Export projects Domestic operating Capacity with projects investment operating decision 38