Enel Chile SA · BCS:ENELCHILE

Enel Chile SA — Endesa Chile — 9M 2015 Earnings Presentation

22 slides from Enel Chile SA's earnings presentation, Nov 3, 2015

  1. Slide 1: Endesa Chile 9M15 Results

    Endesa Chile 9M15 Results November 3rd, 2015

  2. Slide 2: Highlights 3Q15

    Highlights 3Q15  Chilean EBITDA amounted to US$MM 280 in 3Q15, increasing 33%.  Resumption of Bocamina I & II.  Consolidated energy sales rose by 5% in 3Q15.  Consolidated EBITDA increased by 7% in 3Q15, reaching US$MM 584.  Net Income attributable to shareholders of Endesa Chile grew by 9% in

  3. Slide 3: 3Q15 Results

    3Q15 Results Million US$ 3Q15 3Q14 Chg % CONSOLIDATED Million US$ 3Q15 3Q14 Chg % Revenues 163 140 16% PERU Revenues 1,157 1,051 10% EBITDA 584 544 7% EBITDA 76 71 7% EBITDA Margin 50% 52% (4%) EBITDA Margin 47% 51% (8%) Physical Sales (GWh) 15,975 15,254 5% Physical Sales (GWh) 2,168 2,311 (6%) Mil

  4. Slide 4: Consolidated financial highlights

    Consolidated financial highlights US$ Mn2 Ch$ million1 9M15 9M14 Chg % 9M15 Revenues 2,037,316 1,809,886 13% 3,181 Costs (996,696) (863,812) 15% (1,556) Contribution Margin 1,040,620 946,074 10% 1,625 EBITDA 836,580 771,186 8% 1,306 EBIT 666,661 621,913 7% 1,041 Net Financial Expenses (138,592) (130

  5. Slide 5: Diversified source of EBITDA

    Diversified source of EBITDA Total Installed Capacity1: Total Generation: 15,142 MW 39,002 GWh EBITDA 9M15 US$ 1,306 million Enel Brasil • Endesa Chile’s ownership: 37.1%. • Net Attributable Income2: US$ 44 million. 1 Excludes the proportional assets of Enel Brasil (987 MW). 2 Considers the total co

  6. Slide 6: Balanced commercial policy

    Balanced commercial policy Physical Sales as of September 2015: 45,769 GWh Chile Colombia Peru Argentina Distribution Unregulated Spot Companies Customers Physical Sales as of September 2015 Gwh / Change1 CHILE COLOMBIA PERU ARGENTINA TOTAL REGULATED 13,053 11% 6,672 18% 3,394 (11%) - - 23,119 9% Ph

  7. Slide 7: Healthy debt maturity profile

    Healthy debt maturity profile • Debt reduction: Financial Debt Maturity1 as of September 2015 US$ 905 MM Total Debt: US$ 3,307 MM • Cash: 2,000 1,785 US$ 261 MM 1,500 • Committed Credit Lines: 1,000 747 US$ 344 MM, 500 191 • Non-Committed Credit Lines: 62 70 87 47 159 93 28 19 19 US$ 259 MM 0 < 1 ye

  8. Slide 8: Consolidated Cash Flow Generation (US$ million)

    Consolidated Cash Flow Generation (US$ million)1 1,600 1,400 1,200 (659) 1,000 892 40 800 (12) 600 (508) 400 (6) 526 200 284 0 Cash and Funds from Capex Funds from Financing Dividend Exchange rate Cash and equivalents operations assets activities payment effects equivalents Dec-14 disposal Sept-15 1

  9. Slide 9: Argentina

    Argentina COSTANERA Thermal Installed Capacity: 3,652 MW 2,324 MW Million US$ 9M15 9M14 Chg % Market Share*: 12% Hydro Total Generation: 8,680 GWh 1,328 MW Revenues 113 83 36% EBITDA 47 34 36% EBITDA Margin 41.5% 41.5% 0% Physical Sales (GWh) 6,225 5,301 17% EL CHOCON Costanera Million US$ 9M15 9M14

  10. Slide 10: Chile

    Chile Installed Capacity: 6,351 MW Market Share*: 32% Total Generation: 13,382 GWh Tarapaca GasAtacama Los Molles: 18 MW D. Almagro– ENDESA CHILE Rapel-Sauzal: 466 MW Taltal Maule: 875 MW 54% Hydro Huasco Laja: 940 MW 3,456 MW Los Molles Million US$ 9M15 9M14 Chg % Ralco-Pangue: 1,157 MW San Isidro

  11. Slide 11: Colombia

    Colombia Installed Capacity: 3,459 MW1 Market Share*: 22%1 Total Generation: 10,750 GWh Guavio: 1,213 MW Betania: 541 MW EMGESA Río Bogotá: 861 MW 87% Hydro 3,015 MW El Quimbo: 400 MW Million US$ 9M15 9M14 Chg % Cartagena: 208 MW 13% Thermal Revenues 820 919 (11%) Termozipa: 236 MW 444 MW EBITDA 510

  12. Slide 12: Peru

    Peru Installed Capacity: 1,680 MW Market Share*: 19% Total Generation: 6,190 GWh Cuenca Río Rímac: 582 MW 47% Hydro EDEGEL Yanango: 43 MW 783 MW Chimay: 152 MW Million US$ 9M15 9M14 Chg % Ventanilla: 484 MW 53% Thermal Santa Rosa: 413 MW 896 MW Revenues 432 403 7% EBITDA 217 207 5% EBITDA Margin 50.

  13. Slide 13: Brazil

    Brazil Installed Capacity: 987 MW Market Share*: 1% Total Generation: 3,037 GWh Million US$ 9M15 9M14 Chg % Thermal BRASIL Fortaleza: 322 MW ENEL Revenues 2,439 2,444 (0%) 322 MW EBITDA 433 556 (22%) Hydro Cachoeira: 665 MW 665 MW EBITDA Margin 17.8% 22.7% (22%) Million US$ 9M15 9M14 Chg % CACHOEIRA

  14. Slide 14: El Quimbo (400 MW)

    El Quimbo (400 MW) El Quimbo • Hydro power plant, located in the Huila Department, Colombia • Utilizes the flow coming from the Magdalena River. • 97% progress as of September, 2015 . • Estimated: generation of 2,093 GWh/year, Load factor: 60% • Total CAPEX of US$ 1,231 million*. Started its testing

  15. Slide 15: Projects under construction

    Projects under construction Los Cóndores • Hydro power plant, run of the river. • Located in San Clemente, in Maule region, Chile. • 150 MW of installed capacity. • Estimated generation of 600 GWh/year. • Estimated load factor: 46%. • Total CAPEX of US$ 662 million. • 20% progress as of September, 2

  16. Slide 16: Summary

    Summary Higher energy sales of 9% due to increasing electric demand Consolidated generation grew by 4% Consolidated EBITDA increased by 8% El Quimbo is currently in testing period Bocamina I and II resumed operations USE: Public Endesa Chile 9M15 Results Investor Relations 16

  17. Slide 17: Endesa Chile's Investor Relations Team

    Endesa Chile’s Investor Relations Team Susana Rey Catalina Gonzalez Head of Investor Relations Investor Relations Senior Analyst (56) 22630 9606 (56) 22630 9603 susana.rey@enel.com catalina.gonzalez@enel.com Guillermo Berguecio Francisco Basauri Investor Relations Analyst Investor Relations Analyst

  18. Slide 18: Exhibits

    EXHIBITS USE: Public Endesa Chile 9M15 Results Investor Relations 18

  19. Slide 19: Installed capacity and energy generation

    Installed capacity and energy generation MW CHILE COLOMBIA 2 PERU ARGENTINA TOTAL HYDRO 3,456 3,015 783 1,328 8,582 Installed COAL 636 236 0 0 872 Capacity (MW) OIL-GAS 2,173 208 896 2,324 5,601 NCRE 87 0 0 0 87 Total 6,351 3,459 1,680 3,652 15,142 Gwh / Change1 CHILE COLOMBIA PERU ARGENTINA TOTAL H

  20. Slide 20: Strong financial position

    Strong financial position US$ Mn1 Ch$ Million 9M15 9M14 Change % Change 9M15 Gross Debt 2,084,968 2,116,462 (31,494) (2%) 2,984 Cash 182,095 336,629 (154,534) (85%) 261 Net Debt 1,902,873 1,779,833 123,040 7% 2,723 Leverage* 1.05 1.05 - 0% Financial Coverage 5.47 5.42 0.05 1% 1Amounts translated int

  21. Slide 21: Healthy debt maturity profile in each country

    Healthy debt maturity profile in each country Financial Debt Maturity1, as of September 2015 US$ million 2015 2016 2017 2018 2019 Balance TOTAL Chile 442 10 10 10 110 1,134 1,718 Argentina 13 47 11 3 2 34 110 Peru 5 75 27 37 16 28 188 Colombia 87 125 68 83 129 800 1,291 TOTAL2 547 257 116 133 258 1,

  22. Slide 22: Forward-looking statements

    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, belief or current expecta

Endesa Chile — 9M 2015 Earnings Presentation on 6ix