Enel Chile SA · BCS:ENELCHILE
Enel Chile SA — H1 2019 Earnings Presentation
18 slides from Enel Chile SA's earnings presentation, 2019
Slide 1: H1 2019 consolidated results
H1 2019 consolidated results
Slide 2: Key highlights of the H1 2019
Key highlights of the H1 2019 Progressive closure of 0.6GW of coal plants. Renewable Construction of 0.5GW renewables out of 1.1GW, planned for 19-21 Growth Customers centricity and long-term partnership, New long-term 100% renewables PPAs agreements Infrastructure & networks Solid EBITDA growth and
Slide 3: Decarbonization (1/2)
Decarbonization (1/2) Enel Chile is leading the decarbonization process in Chile Renewable Growth Agreement details Coal Power Plants closure agreement timeline Bocamina 2 (350 MW) Agreement celebrated on June 04, 2019 Bocamina 1 (128 MW) Enel Chile’s indicated its willingness to Tarapacá (158 MW) a
Slide 4: Decarbonization (2/2)
Decarbonization (2/2) Enel Chile stronger developments and PPAs updates on the period Renewable Growth Main updates on the period Projects pipeline status Up to 1 TWh/ year renewable 10-year PPA (Collahuasi as from Apr/20) Up to 3 TWh/ year renewable 10-years PPA (Anglo American as from Jan/21) H2 s
Slide 5: Energy Transition
Energy Transition Smart on demand solutions paving the future Enel X Main updates on the period H1 2017 H1 2017 2018 2018 2019 2019 Electric 2 76 102 Public New 183 e-buses arriving in Aug/19, with e- buses* lighting (‘000)* 234 259 251 urban development initiatives¹ Charging e-Home 63 221 240 31.0
Slide 6: Capex allocation
Capex allocation Development capex focused on renewables Renewable Infrastructure Enel X Growth & networks H1 2019 Capex by business and by nature¹ H1 2019 Development capex 64% 21% 7% USD USD 1% USD 88% 66% 9% 186mn 186mn 122mn 3% 13% 28% Networks Networks Asset management Renewables Renewables Ass
Slide 7: Generation portfolio
Generation portfolio Continuos improvement on our mix and margins Renewable Growth Installed capacity (GW) Production (TWh) Energy sales (TWh) +13% +3% 9% 8% 10.5 11.5 11.9 9.3 0.1 0.4 1.5 7.5 0.7 3.5 47% 1.6 1.9 5.1 20% GW 0.2 0.2 2.1 2.3 7.9 4.6 6.4 4.5 16% H1 2018 H1 2019 H1 2018 H1 2019 Hydro CC
Slide 8: Distribution portfolio
Distribution portfolio Focus on digitalization to continuously improve our services and efficiency Infrastructure & networks End users (mn) Energy distributed (TWh) Telecontrol equipment installation (cumulated) 1,895 +2% +3% 1,733 1.90 1.95 8.3 8.5 1,481 1,161 H1 2018 H1 2019 H1 2018 H1 2019 2016 2
Slide 9: Progress on SDGs
Progress on SDGs SDGs Sustainable Engaging local communities1 I&N, sustainable cities and cyber securities2 Dev. Goals H1 2019E 2021 H1 2019 High-quality, inclusive and fair education 40 107 E-buses 102 Access to affordable and clean energy 187 175 Charging points3 240 Web app with cyber security so
Slide 10: Financial results
H1 2019 consolidated results Financial results
Slide 11: Financial highlights
Financial highlights (USD mn) Reported Adjusted1,2 H1 2019* H1 2018* Var. H1 2019* Var. Revenues 2,111 1,671 +26.3% 1,932 +15.6% EBITDA 802 503 +59.4% 623 +23.8% EBIT 212 360 -41.2% 443 +23.3% Group Net Income 73 181 -60.0% 231 +27.4% EBITDA Margin 38% 30% +7.9 p.p. 32% +2.1 p.p. Gross Margin 48% 42
Slide 12: Reported EBITDA
Reported EBITDA (USD mn) +59% 105.1 12.7 1.9 802 179.3 144 503 131 674 389 (18) (16) H1 2018 One - Off Generation Distribution Holding H1 2019 Reported (PPA) Reported EBITDA EBITDA EBITDA +30% +38% margin Generation Distribution Holding 11
Slide 13: From Reported EBITDA to Reported Group Net Income
From Reported EBITDA to Reported Group Net Income (USD mn) H1 2019 H1 2018 ∆ yoy Reported EBITDA1 802 503 +59% Higher D&A mainly due to impairment D&A (590) (143) +311% of coal-fired power plants Impairment (411) - N.A. Higher Financial Expenses related to Elqui EBIT 212 360 -41% project and the con
Slide 14: Cash flow
Cash flow (USD mn) 802 179 623 (293) (95) (108) 305 (186) 120 (227) (347) Reported Δ Working Income Financial FFO Capex FCF Dividends Net EBITDA Capital Taxes expenses paid FCF & Others One - Off (PPA) H18 503 (28)¹ (143)¹ (74)¹ 311¹ (231)¹ 80¹ (368)¹ (287)¹ Delta YoY +59% +965% -33% +47% -2% -20% +
Slide 15: Debt and financial expenses
Debt and financial expenses (USD mn) Gross and net debt Net debt evolution ND/EBITDA 3.0x 2.2x +7% -4% 347 9 3,924 3,755 3,331 258 3,567 188 IFRS 16 51 590 (120) 3,280 3,666 3,567 Jun 2018 Jun 2019 Jan 1, 2019 FCF Dividends Fx H1, 2019 paid conversion Net debt Cash Amortization of a portion of the d
Slide 16: Closing remarks
Closing remarks Enel Chile continues to pursue a sustainable growth Renewable Infrastructure Growth & networks Client long-term partnership, decarbonization, portfolio mix, and digitalization driving our growth Capital structure brings flexibility and competitive Shareholders advantages in the Chile
Slide 17: Contact us
H1 2019 consolidated results Contact us Contacts Email ir.enelchile@enel.com Phone +56 2 2630 9606 Isabela Klemes Channels Head of Investor Relations Enel Chile Website Investor Relations team Enel.cl Catalina González Claudio Ortiz Pablo Contreras Gonzalo Juarez Follow us 16
Slide 18: Disclaimer
H1 2019 Results Disclaimer This presentation contains statements that could constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements appear in a number of places in this announcement and include statements regarding the intent