Colbun Sa · BCS:COLBUN
Colbun Sa — LV 15th Andean E-Conference 2021
15 slides from Colbun Sa's conference presentation, August 2021
Slide 1: Corporate Presentation – LV 15th Andean E-Conference August 2021
CREDICORP CONFERENCE CORPORATE PRESENTATION SEPT 2019 CORPORATE PRESENTATION LV 15TH ANDEAN E-CONFERENCE AUGUST 2021
Slide 2: Leading position in Chile & Peru
2Q21 RESULTS Leading position in Chile & Peru THE COMPANY Installed Capacity Market Share1 Ownership 3,811 MW 15% / 6% 49.96% Matte Group 3,244 MW / 567 MW 9.58% Angelini Group Power Plants Transmission Lines 19.26% Pension Funds 25 ~899 km 22.20% Others 24 / 1 KEY FINANCIALS International Ratings E
Slide 3: Strategic agenda update
2Q21 Strategic agenda update 1 FOCUS ON UNREGULATED CLIENTS 31 new clients and 309 GWh contracted 2 GROWTH IN SOLAR & WIND GENERATION Machicura ➔ under construction, 97% progress D. Almagro ➔ under construction, 62% progress Inti Pacha ➔ environmental approval secured Horizonte ➔ good progress on en
Slide 4: Markets update
2Q21 RESULTS Markets update LTM GENERATION DEMAND GROWTH MARGINAL COST MARKET SHARE1 GWh 12 months average % US$/MWh % Others Hydro 24% Peruvian Gov. 52% SEIN 6% Santa Rosa Others Orazul 14% 10% 13 4% 50,994 0 Statkraft 5% GWh Enel SEIN 17% 13 GW LNG 38% 6% +0.9% y/y Engie Kallpa 12% 18% Others SEN
Slide 5: Cost efficient & diversified asset base
1. Cost efficient & diversified asset base 100% of PPAs supplied with cost-efficient generation WHOLE-SALE COMMERCIAL STRATEGY GENERATION & PPAs LEVEL (TWh) 1. Optimize Contracting level ◼ Renewable Capacity: hydro, solar, wind ◼ Efficient thermal capacity: coal, CCGTs Hydro 2. Cost structure proper
Slide 6: Hydrological conditions
2Q21 RESULTS Hydrological conditions 1. COLBÚN RESERVOIR LEVEL (m.a.s.l) 3. CHANGE IN ACCUMULATED RAINFALLS (%) 2019 2020 2021 445 As of Jul21 435 compared to 425 415 2020 Av. year 405 395 Aconcagua -73% -85% Maule -73% -78% 2. CHAPO RESERVOIR LEVEL (m.a.s.l) 250 2019 2020 2021 Laja -23% -35% 240 23
Slide 7: Secured long-term regasification capacity & LNG supply
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 8: High quality clients in Chile
2Q21 RESULTS 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% 67% 4 276 2014 0.3 TWh/year, for 6 years 2014 2020 2020 starting July 2020 Unregulat
Slide 9: Long term debt profile
3. Prudent financial management Long term debt profile 1. FINANCIAL DEBT PROFILE US$1,657(*) mm 100% bonds 3.9% Interest Rate average US$1,364 million 97% USD and 3% UF US$293 million 100% Fixed rate 6.1 years average life 2. AMORTIZATION STRUCTURE (US$ million) 600 Fenix Bond 527 500 500 Colbun Bon
Slide 10: Financial Key Figures
2Q21 RESULTS Financial Key Figures 1. EBITDA & EBITDA MG. (US$ million & %) 2. NET INCOME. (US$ million) EBITDA Chile EBITDA Fenix EBITDA Mg 289 51% 45% 47% 46% 44% 230 54 36 70 65 202 63 89 639 648 627 617 576 -9 2017 2018 2019 2020 2Q21 LTM 2017 2018 2019 2020 2Q21 LTM 3. DEBT & NET DEBT. (US$ mil
Slide 11: Financial Key Figures
2Q21 RESULTS Financial Key Figures 1. CASH POSITION. (US$ million) 3. CASH FLOW. (US$ million) 967 810 788 797 790 Operating Activities Financing Activities Investing Activities Net Cash Flow 2017 2018 2019 2020 2Q21 LTM 2017 2018 2019 2020 2Q21 161 133 278 1 16 2. DIVIDEND DISTRIBUTION. (US$ millio
Slide 12: Recent developments in Chile's regulatory framework
2Q21 RESULTS Recent developments in Chile’s regulatory framework LATEST CHANGES BILLS UNDER DISCUSSION 1. Price stabilization mechanism for regulated clients tariffs 1. Power Supply Portability ▪ Tariffs will be stabilized until Jan21, and adjusted by local CPI ▪ Aims to increase competition in the
Slide 13: Attractive portfolio of growth options
2Q21 RESULTS Attractive portfolio of growth options 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 5 4 6 4 5 2 3 1 6 DIEGO DE INTI HORIZ
Slide 14: 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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