Slide 1: Corporate Presentation 3Q20 Results
CREDICORP CONFERENCE CORPORATE PRESENTATION SEPT 2019 CORPORATE PRESENTATION 3Q20 RESULTS NOVEMBER 2020
Slide 2: Company Overview
3Q20 RESULTS Company Overview THE COMPANY Installed Capacity Market Share1 Ownership 3,811 MW 16% / 5% 49.96% Matte Group 3,244 MW / 567 MW 9.58% Angelini Group Power Plants Transmission Lines 19.08% Pension Funds 25 ~899 km 21.38% Others 24 / 1 KEY FINANCIALS International Ratings EBITDA LTM Total
Slide 3: Highlights of the quarter
3Q20 RESULTS Highlights of the quarter 1. COLBÚN S.A AND WALMART EXTENDED THEIR ENERGY SUPPLY CONTRACT ▪ The contract will be supplied with 100% renewable energy, for 330 GWh/year, for a 6-year period ▪ The agreement also includes the installation of 9 charging stations for electric cars in supermar
Slide 4: Market Drivers
3Q20 RESULTS Market Drivers 1.DEMAND GROWTH (%) 2.MARGINAL COST (US$/MWh) -2.8% 12 -6.0% Santa Rosa Y/Y 12 months 0.6% -0.1% 29 Y/Y 12 months Alto Jahuel Note: All figures as of Sep20 4
Slide 5: Hydrological conditions
3Q20 RESULTS Hydrological conditions 1. COLBÚN RESERVOIR LEVEL (m.a.s.l) 3. CHANGE IN ACCUMULATED RAINFALLS (%) 445 2018 2019 2020 As of Sep 435 compared to 425 415 2019 Av. year 405 395 Aconcagua 311% -46% Maule 71% -17% 2. CHAPO RESERVOIR LEVEL (m.a.s.l) 250 2018 2019 2020 Laja -8% -11% 240 230 Bi
Slide 6: EBITDA key drivers - Quarter
3Q20 RESULTS EBITDA key drivers - Quarter (US$ million) 3Q19 3Q20 Decreasing 3% compared to 3Q19 due to the lower operating income, mainly explained by the COLBÚN GX 145 141 expiration of SAESA contract in Dec-19. Partially offset by lower cost of raw materials and consumables used and lower fixed e
Slide 7: EBITDA key drivers - Cumulative
3Q20 RESULTS EBITDA key drivers - Cumulative (US$ million) Sep-19 Sep-20 Decreasing 2% compared to Sep19, mainly explained by the by the expiration of SAESA contract in Dec- COLBÚN GX 408 399 19. Partially offset by lower cost of raw materials and consumables used and lower expenses denominated in l
Slide 8: Colbun Gx: Generation and physical sales (TWh)
3Q20 RESULTS Colbun Gx: Generation and physical sales (TWh) Hydro 1.3 1.7 Solar 3.5 4.0 Coal LNG 1.6 1.8 8.1 7.7 Diesel 1.4 0.8 1.0 3.9 Total Commitments 0.5 3.6 0.2 2.9 2.7 1.3 1.5 Spot Market Sales 0 0 0 0.0 3Q19 3Q20 Sep-19 Sep-20 QUARTERLY CUMMULATIVE Physical sales increased 19%, mainly due to
Slide 9: Fenix and Colbún Tx Snapshot
3Q20 RESULTS Fenix and Colbún Tx Snapshot FENIX POWER 1. EBITDA* (US$ million) 2. ENERGY SALES (TWh) CUMMULATIVE Sales decreased 26% compared to Spot PPAs Sep19, mainly 70 68 explained by lower sales to the spot 56 market due to the lower generation 54 2.2 36 and lower sales to customers under 1.8 c
Slide 10: Solar and Wind Generation Projects
3Q20 RESULTS Solar and Wind Generation Projects Feasibility Environmentally approved and construction approved by the Board of Directors We hold a portfolio of solar and wind farm projects, in different stages of development, for 1 2 approximately 3,100 MW 3 4 5 4 5 2 3 1 DIEGO DE MACHICURA INTI HOR
Slide 11: Disclaimer & Contact Information
Disclaimer & Contact Information ▪ This document provides information about Colbún S.A. In no INVESTOR RELATIONS case this document constitutes a comprehensive analysis of the financial, production and sales situation of the company. TEAM CONTACT ▪ To evaluate whether to purchase or sell securities
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Slide 13: Cost efficient & diversified asset base
1. Cost efficient & diversified asset base Secured long-term regasification capacity & LNG supply LONG-TERM STRATEGY: Leveraging our efficient natural gas power facilities and diversifying our supply sources; contributing to a competitive, flexible, secure and sustainable power supply 1. REGASIFICAT
Slide 14: Strong and competitive supply contracts
2. Strong and competitive supply contracts High quality clients in Chile MAIN CONTRACTS CUSTOMER BASE PROFILE SIGNED SINCE 2016 3.0 TWh/year, for 10 Sales % to Unregulated Customers Number of Unregulated Customers years starting January 2022 41% 65% 4 270 2014 0.3 TWh/year, for 6 years 2014 LTM 2020
Slide 15: Stable operational results & solid metrics
3Q20 RESULTS Stable operational results & solid metrics 1. EBITDA & EBITDA MG. (US$ million & %) 2. NET INCOME. (US$ million) EBITDA Chile EBITDA Fenix EBITDA Mg 50% 289 45% 45% 47% 44% 230 54 36 70 68 205 202 56 172 639 648 627 618 546 2016 2017 2018 2019 3Q20 LTM 2016 2017 2018 2019 3Q20 LTM 3. DE
Slide 16: Strong liquidity
3Q20 RESULTS Strong liquidity 1. CASH POSITION. (US$ million) 3. CASH FLOW. (US$ million) 966 810 788 797 667 Operating Activities Financing Activities Investing Activities Net Cash Flow 2017 2018 2019 3Q20 LTM 2016 2017 2018 2019 3Q20 133 189 2. DIVIDEND DISTRIBUTION. (US$ million & %) 1 16 Additio
Slide 17: Prudent financial management: Long term debt profile
3. Prudent financial management Long term debt profile 1. FINANCIAL DEBT PROFILE US$1,797(*) mm 100% bonds 3.9% Interest Rate average US$1,492 million 97% USD and 3% UF US$305 million 100% Fixed rate 6.8 years average life 2. AMORTIZATION STRUCTURE (US$ million) 600 Fenix Bond 527 500 500 Colbun Bon