Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — H1 2018 Earnings Presentation
15 slides from Enel Chile Sa's earnings presentation, Jul 27, 2018
Slide 1: Enel Chile 1H 2018 consolidated results
Enel Chile 1H 2018 consolidated results July 27th, 2018
Slide 2: Chilean highlights
1H 2018 consolidated results Chilean highlights EBITDA increased 11% driven by the consolidation of EGP and a better generation mix Net income, excluding the effect of the sale of Electrogas, maintained stable Generation business EGP EBITDA amounted to USD 57mn in three months of operations Enel Gen
Slide 3: Restructuring process successfully completed
1H 2018 consolidated results Restructuring process successfully completed Organizational structure Strong pipeline with clear construction strategy Start Start GWh/ commercial commercial Technology MW Location year operation in operation in 62% 2021 (GWh)1 2024 (GWh)2 Solar PV 979 2.480 Wind 124 451
Slide 4: Generation business – Operating highlights
1H 2018 consolidated results Generation business – Operating highlights Installed capacity: 7.5 GW Net production: 9.3 TWh Energy Sales: 11.5 TWh +19% +11% +1% 11.4 11.5 7.5 9.3 Spot 0.2 0.1 6.4 8.3 0.7 1.2 0.1 Non regulated 2.6 3.5 0.1 1.6 0.6 1.7 0.6 2.2 2.2 2.3 2.9 8.6 7.9 3.5 3.5 3.6 4.6 Regulat
Slide 5: Distribution business – Operating highlights
1H 2018 consolidated results Distribution business – Operating highlights Electricity Distributed: 8.3 TWh Number of customers: 1.9 mn SAIDI1: 230 minutes +2% +2% +3% 8.1 8.3 225 230 1.85 1.90 0.6 0.5 Other 1.4 1.7 Tolls 1.2 1.1 Industrial 2.7 2.7 Commercial 2.3 2.3 Residential 1H 2017 1H 2018 1H 20
Slide 6: Sustainable long-term value creation
1H 2018 consolidated results Sustainable long-term value creation Climate change and TCFD1 guidelines Strong commitment to environmental sustainability Risk/opportunity deriving from non financial information related 2015 Paris agreement sets a «well below 2°C» to the climate change target by the en
Slide 7: Financial highlights (USD mn)
1H 2018 consolidated results Financial highlights (USD mn) 1H 2018 1H 2017 Δ yoy Revenues 1,846 1,978 -6.7% Contribution Margin 774 682 +13.4% Reported EBITDA 556 501 +10.9% Reported EBIT 397 371 +6.9% Financial Result (63) (16) +280.9% Other Non Financial Result 5 178 -97.1% Reported EBT 340 533 -3
Slide 8: Reported EBITDA by business (USD mn)
1H 2018 consolidated results Reported EBITDA by business (USD mn) +11% 57.2 556 501 16.6 (7.9) (11.4) 145 153 57 356 373 (8) (19) 1H 2017 Generation EGP Distribution Holding 1H 2018 Reported Reported EBITDA EBITDA GX EGP DX HOLDING 1 Comparisons between periods in the Financial Income Statements are
Slide 9: From reported EBITDA to reported net income (USD mn)
1H 2018 consolidated results From reported EBITDA to reported net income (USD mn1) 556 5 (158) 397 (63) 340 (85) (55) 200 1H 2018 D&A EBIT Financial Others EBT Income Minorities 1H 2018 Reported result non op. Results Taxes Reported Group EBITDA Net Income (attributable) 1H17 (USD mn) 501 (130) 371
Slide 10: Gross Capex (USD mn)
1H 2018 consolidated results Gross Capex (USD mn) Gross capex Growth capex by business line Capex addressed by business +79% +83% 231 158 15% 15 1 59% +83% +84% 129 158 86 231 1% 0 8 124 86 +47% +96% 63 25% 51 8 35 22 15 +19% 18 +178% 1H 2017 1H 2018 1H 2017 1H 2018 Connections Maintenance Growth Ne
Slide 11: Free cash flow (USD mn)
1H 2018 consolidated results Free cash flow (USD mn) (28) (143) 556 (74) 311 (231) 80 (287) (368) Reported Δ Working Income Financial FFO Capex FCF Dividends Net EBITDA Capital Taxes expenses paid FCF & Others 1. Comparisons between periods in the Financial Income Statements are made using the avera
Slide 12: Debt and financial expenses (USD mn)
1H 2018 consolidated results Debt and financial expenses (USD mn) Gross and net debt Net debt evolution 3,666 +209% 1,064 -6 3,924 1,732 258 1,272 3,666 287 682 590 590 2017 1H 2018 2017 Net Extraordinary Perimeter FX + Others 1H 2018 Net Debt Cash Net Financial FCF Items EGP CHILE Net Financial Deb
Slide 13: Closing remarks
1H 2018 results Closing remarks 1H18 EBITDA increased 11% respect to previous year Generation, characterized by better hydrology in 1H18 Consolidation of 1.2 MW of new renewable capacity, EGP Chile Distribution, characterized by greater investments in line with our strategy to digitalize our grid an
Slide 14: IR Team
1H 2018 Results IR Team Susana Rey Head of IR Enel Chile +56 2 2630 9606 susana.rey@enel.com Catalina González Gonzalo Juarez Head of IR Enel Generación Chile IR New York Office +56 2 2630 9603 +1 (212) 520 1025 catalina.gonzalez@enel.com gonzalo.juarezdelarasilla@enel.com Claudio Ortiz Pablo Contre
Slide 15: Disclaimer
1H 2018 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