The AES Corporation · NYSE:AES
The AES — Fact Sheet (August 2014)
36 slides from The AES's fact sheet, Aug 7, 2014
Slide 1: The AES Corporation Fact Sheet
The AES Corporation Fact Sheet As of August 7, 2014
Slide 2: Full Year 2013 Adjusted Pre-Tax Contribution: $1.8 Billion Before Corporate Charges
Full Year 2013 Adjusted Pre-Tax Contribution (PTC)1: $1.8 Billion Before Corporate Charges of $0.6 Billion The AES Corporation (NYSE: AES) is a Fortune 200 global power company. We provide affordable, sustainable energy to 20 countries through our diverse portfolio of distribution businesses as well
Slide 3: AES Total: 35,953 Gross MW in Operation
AES Total: 35,953 Gross MW in Operation Fuel Type SBU Oil, Diesel & Pet Coke 3% Asia 5% Renewables1 EMEA 21% 24% 33% Gas 36% US MCAC 9% 9% 38% Brazil 22% Coal Andes 1. Renewables includes: hydro, wind, energy storage, biomass and landfill gas. Contains Forward-Looking Statements 3
Slide 4: AES Total: 28,591 Proportional MW in Operation
AES Total: 28,591 Proportional MW in Operation Fuel Type SBU Oil, Diesel & Pet Coke 2% Asia 6% Renewables1 16% EMEA 19% 36% Gas 45% US MCAC 9% Brazil 3% 42% 22% Coal Andes 1. Renewables includes: hydro, wind, energy storage, biomass and landfill gas. Contains Forward-Looking Statements 4
Slide 5: United States Total: 12,762 Gross MW in Operation
United States Total: 12,762 Gross MW in Operation US Fuel Type Renewables1 2% Oil & Pet Coke 8% 43% Gas Coal 47% 1. Renewables includes: wind and energy storage. Contains Forward-Looking Statements 5
Slide 6: United States Total: 12,762 Proportional MW in Operation
United States Total: 12,762 Proportional MW in Operation US Fuel Type Renewables1 2% Oil & Pet Coke 8% 43% Gas Coal 47% 1. Renewables includes: wind and energy storage. Contains Forward-Looking Statements 6
Slide 7: Generation – United States
Generation – United States US Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Southland – Alamitos US-CA Gas 2,075 100% 1998 2018 JP Morgan Southland – Redondo US-CA Gas 1,392 100% 1998 2018 JP Morg
Slide 8: Generation – United States
Generation – United States US Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Laurel Mountain US-WV Wind 98 100% 2011 Southern California Mountain View I & II2 US-CA Wind 67 100% 2008 2021 Edison La
Slide 9: Utilities – United States
Utilities – United States US Approximate Number of Approximate AES Equity Business Location Type Gross MW Customers GWh Sold in Date of Acquisition Interest Served as of 2013 12/31/13 DPL1 US-OH Integrated 3,453 100% 693,000 19,561 2011 IPL2 US-IN Integrated 3,454 100% 477,000 16,034 2001 UNITED STA
Slide 10: Andes Total: 8,075 Gross MW in Operation
Andes Total: 8,075 Gross MW in Operation Andes Fuel Type Geography Oil & Diesel Colombia Renewables1 6% 13% 24% Gas 44% Argentina 34% Chile 43% 36% Coal 1. Renewables includes: hydro, energy storage and biomass. Contains Forward-Looking Statements 10
Slide 11: Andes Total: 6,189 Proportional MW in Operation
Andes Total: 6,189 Proportional MW in Operation Andes Fuel Type Geography Oil & Diesel Colombia Renewables1 7% 11% 26% Gas 35% 52% Argentina Chile 37% 32% Coal 1. Renewables includes: hydro, energy storage and biomass. Contains Forward-Looking Statements 11
Slide 12: Generation – Andes
Generation – Andes Andes AES Gener: Chile, Colombia & Argentina Date of Acquisition or Commencement Contract Expiration Business Location Fuel Gross MW AES Equity Interest Date Customer(s) of Commercial Operations Chivor Colombia Hydro 1,000 71% 2000 Short-term Various Colombia Subtotal 1,000 Hydro/
Slide 13: Generation – Andes
Generation – Andes Andes Argentina Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Alicura Argentina Hydro 1,050 100% 2000 2017 Various Paraná-GT Argentina Gas/Diesel 845 100% 2001 San Nicolás Argen
Slide 14: Brazil Total: 3,298 Gross MW in Operation
Brazil Total: 3,298 Gross MW in Operation Brazil Fuel Type Gas 19% 81% Renewables1 1. Renewables includes: hydro. Contains Forward-Looking Statements 14
Slide 15: Brazil Total: 932 Proportional MW in Operation
Brazil Total: 932 Proportional MW in Operation Brazil Fuel Type Gas 32% 68% Renewables1 1. Renewables includes: hydro. Contains Forward-Looking Statements 15
Slide 16: Brazil
Brazil Brazil Generation Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Tietê1 Brazil Hydro 2,658 24% 1999 2015 Eletropaulo Uruguaiana Brazil Gas 640 46% 2000 BRAZIL SUBTOTAL 3,298 Utilities Approx
Slide 17: Mexico, Central America & Caribbean Total: 3,140 Gross MW in Operation
Mexico, Central America & Caribbean (MCAC) Total: 3,140 Gross MW in Operation MCAC Fuel Type Geography Pet Coke Puerto Rico Dominican Republic 17% 17% 27% 34% Gas 23% 22% Renewables1 Panama 34% 26% Coal Mexico 1. Renewables includes: hydro and landfill gas. Contains Forward-Looking Statements 17
Slide 18: Mexico, Central America & Caribbean Total: 2,488 Proportional MW in Operation
Mexico, Central America & Caribbean (MCAC) Total: 2,488 Proportional MW in Operation MCAC Fuel Type Geography Pet Coke Puerto Rico Dominican 21% Republic 22% 28% 33% Gas 18% Panama 18% Renewables1 27% 33% Coal Mexico 1. Renewables includes: hydro and landfill gas. Contains Forward-Looking Statements
Slide 19: Generation – Mexico, Central America & Caribbean
Generation – Mexico, Central America & Caribbean (MCAC) MCAC Dominican Republic, El Salvador & Mexico Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Ede Este, Non- Dominican Andres Gas 319 100% 200
Slide 20: Generation – Mexico, Central America & Caribbean
Generation – Mexico, Central America & Caribbean (MCAC) MCAC Panama & Puerto Rico Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Electra Noreste, Bayano Panama Hydro 260 49% 1999 2012-2018 Edemet,
Slide 21: Utilities – Mexico, Central America & Caribbean
Utilities – Mexico, Central America & Caribbean (MCAC) MCAC El Salvador Approximate Number Approximate GWh Business Location Type AES Equity Interest of Customers Served Date of Acquisition Sold in 2013 as of 12/31/13 CAESS El Salvador Distribution 75% 567,000 2,142 2000 CLESA El Salvador Distributi
Slide 22: Europe, Middle East & Africa Total: 7,458 Gross MW in Operation
Europe, Middle East & Africa (EMEA) Total: 7,458 Gross MW in Operation EMEA Fuel Type Geography 4% Oil Bulgaria Renewables1 United 11% Kingdom Jordan 18% 27% 8% 39% Gas Turkey 5% 4% Nigeria 36% 39% 9% Netherlands Kazakhstan Coal 1. Renewables includes: hydro and wind. Contains Forward-Looking Statem
Slide 23: Europe, Middle East & Africa Total: 5,544 Proportional MW in Operation
Europe, Middle East & Africa (EMEA) Total: 5,544 Proportional MW in Operation EMEA Fuel Type Geography 4% Oil Renewables1 Bulgaria 5% 15% United Kingdom 36% 5% Jordan 38% Gas Coal 53% 30% Turkey 3% 5% 6% Kazakhstan Nigeria Netherlands 1. Renewables includes: hydro and wind. Contains Forward-Looking
Slide 24: Generation – Europe, Middle East & Africa
Generation – Europe, Middle East & Africa (EMEA) EMEA Bulgaria, Jordan, Kazakhstan, Netherlands & Nigeria Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Natsionalna Maritza Bulgaria Coal 690 100% 2
Slide 25: Generation – Europe, Middle East & Africa: Turkey
Generation – Europe, Middle East & Africa (EMEA) EMEA Turkey Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Pirelli, Celikord, Kocaeli1 Turkey Gas 158 50% 2011 2016 TEIAS TEIAS, Steam Bursa1 Turkey
Slide 26: Generation – Europe, Middle East & Africa: United Kingdom
Generation – Europe, Middle East & Africa (EMEA) EMEA United Kingdom Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations Power NI and Single Ballylumford United Kingdom Gas 1,246 100% 2010 2023 Electric
Slide 27: Asia Total: 1,218 Gross MW in Operation
Asia Total: 1,218 Gross MW in Operation Asia Fuel Type Geography Diesel Sri Lanka 14% 14% India 34% 86% 52% Philippines Coal Contains Forward-Looking Statements 27
Slide 28: Asia Total: 678 Proportional MW in Operation
Asia Total: 678 Proportional MW in Operation Asia Fuel Type Geography Sri Lanka Diesel India 22% 22% 31% 78% 47% Coal Philippines Contains Forward-Looking Statements 28
Slide 29: Generation – Asia
Generation – Asia Asia India, Philippines & Sri Lanka Date of Acquisition or AES Equity Contract Business Location Fuel Gross MW Commencement Customer(s) Interest Expiration Date of Commercial Operations OPGC India Coal 420 49% 1998 2026 GRID Corporation Ltd. INDIA SUBTOTAL 420 Masinloc Philippines
Slide 30: AES Total: 4,547 Gross MW Under Construction
AES Total: 4,547 Gross MW Under Construction Fuel Type SBU Renewables1 US 14% 15% Gas 15% Asia 56% 29% Andes 71% Coal 1. Renewables includes: hydro, energy storage and solar. Contains Forward-Looking Statements 30
Slide 31: AES Total: 2,515 Proportional MW Under Construction
AES Total: 2,515 Proportional MW Under Construction Fuel Type SBU Renewables1 11% US 27% Gas 27% Asia 51% 62% Coal 22% Andes 1. Renewables includes: hydro, energy storage and solar. Contains Forward-Looking Statements 31
Slide 32: Generation Under Construction: 4,547 MW
Generation Under Construction: 4,547 MW US, Chile, Colombia, India & Vietnam Expected Commercial Business Location Fuel Gross MW AES Equity Interest Operations Date Eagle Valley CCGT US-Indiana Gas 671 100% 1H 2017 Warrior Run ES1 US-Maryland Energy Storage 20 100% 1H 2015 US Subtotal 691 Cochrane C
Slide 33: Appendix
Appendix l Adjusted EPS Roll-Up Slide 34 l Reconciliation Slides 35 l Definitions Slide 36 Contains Forward-Looking Statements 33
Slide 34: Met Our Overall FY 2013 Adjusted PTC Expectations
Met Our Overall FY 2013 Adjusted PTC1 Expectations $ in Millions, Except Per Share Amounts 2013 2013 Adjusted PTC1 Modeling Range2 Actual Drivers of Performance Versus SBU (Investor Day) Adjusted Investor Day Expectations PTC1 US $350-$390 $440 + DPL: Lower switching - Hydrology Andes $385-$425 $353
Slide 35: Reconciliation of FY Adjusted PTC & Adjusted EPS
Reconciliation of FY Adjusted PTC1 & Adjusted EPS1 FY 2013 FY 2012 Per Share Per Share $ in Millions, Except Per Share Amounts (Diluted) Net (Diluted) Net Net of NCI2 of NCI2 and Net of NCI2 of NCI2 and Tax Tax Income (Loss) from Continuing Operations Attributable to AES and Diluted EPS from Continu
Slide 36: Definitions
Definitions l Adjusted Earnings Per Share (a non-GAAP financial measure) is defined as diluted earnings per share from continuing operations excluding gains or losses of the consolidated entity due to (a) unrealized gains or losses related to derivative transactions, (b) unrealized foreign currency