Slide 1: Enel Chile 2017 results
Enel Chile 2017 results February 28, 2017
Slide 2: Chilean highlights
2017 results Chilean highlights EBITDA decreased 3%, amounting to US$ 1,139 mn. Net Income attributable to shareholders decreased 9%, amounting to US$ 538 mn, due to a lower Chile Enel positive extraordinary gain from the sale of assets and higher tax expenses. Simplification: Reduction in the
Slide 3: Market context in the period
2017 results Market context in the period Chile Annual GDP Growth System Energy Sales SIC Average Spot Price Average Exchange Rate (%)1 (TWh) (USD/MWh) CLP vs US$ 2017 1.5% 2017 68.3 2017 73.8 2017 649 2016 1.6% 2016 67.5 2016 74.5 2016 677 Challenging market scenario 1. Expected GDP for 2017. Sourc
Slide 4: Generation business – Operating highlights
2017 results Generation business – Operating highlights Installed capacity: 6.4 GW Net production: 17.1 TWh Energy Sales: 23.4 TWh +0.0% (2.8%) (1.4%) 6.4 6.4 0.1 17.6 17.1 23.7 23.4 0.1 0.6 0.6 0.1 0.1 Spot 0.9 0.7 3.1 2.7 Non regulated 4.3 5.6 2.2 2.2 5.3 4.6 18.5 17.0 3.5 3.5 9.1 9.7 Regulated 20
Slide 5: Distribution business - Operating highlights
2017 results Distribution business - Operating highlights Electricity Distributed: 16.4 TWh Number of customers: 1.9 mn SAIDI1: 230 minutes +3.2% +3.1% +11.4% 15.9 16.4 1.1 1,882 1.2 Other 1,826 34 2.7 2.9 Tolls 2.5 2.5 Industrial 5.1 5.3 Commercial 207 196 4.4 4.7 Residential 2016 2017 2016 2017 20
Slide 6: Financial highlights (constant US$ mn)
2017 results Financial highlights (constant US$ mn1) 3,897 (2,343) 170 (414) 1,139 (247) (35) (221) 806 (268) 538 Revenues Variable SG&A EBITDA D&A2 Financial Non Income Tax Group Net Minorities Attributable Operational Result Operating Income Shareholders Net Income Cost Results 2016 (US$ mn) 3,915
Slide 7: EBITDA by business (constant US$ mn)
2017 results EBITDA by business (constant US$ mn1) (3.4%) 1,179 1,139 Dx (21) (23) 296 (2.3%) (7.8%) 273 Dx Gx 916 895 Gx (33) (29) Ox Ox 2016 Generation Distribution 2017 1 Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period 649.11
Slide 8: Distribution margin breakdown (constant US$ mn)
2017 results Distribution margin breakdown (constant US$ mn1) Recurrent Margin VAS2 Gross Margin Free Market Energy Sales (GWh) +4.8% +14.2% +23.5% 421 441 33 2,312 33 29 1,871 29 20 27 105 99 266 284 2016 2017 2016 2017 2016 2017 Dx regulated Subtransmission Free Market VAS Growing volume in free m
Slide 9: Free cash flow (constant US$ mn)
2017 results Free cash flow (constant US$ mn1) 1,139 198 1,000 (69) (269) 490 (458) 180 316 (3) 139 (402) EBITDA Taxes NWC Financial FFO Capex Dividends FCF Ext. FX Effect Change in Expenses Operations Net Debt 1. Comparisons between periods in the Financial Income Statements are made using the aver
Slide 10: Gross Capex (constant US$ mn)
2017 results Gross Capex1 (constant US$ mn2) Maintenance Growth Total 30% 31% 131 103 405 458 212 70% 69% 54 54 90 152 68 2016 2017 Dx Gx Dx Gx Generation Distribution 2016 2017 Progressive shift of Capex from Generation to Distribution business 1. Gross of contributions and connections fees, accrue
Slide 11: Financial situation (US$ mn)
2017 results Financial situation (US$ mn) Gross and Net Debt Gross Debt1 by type Gross Debt by currency2 2% (0.0%) Others Local 8% UF + CLP 42% Bonds 1,273 1,272 Dollars 367 International 92% 682 56% Bonds 906 590 2017 2017 2016 2017 Net Debt Cash Liquidity breakdown; • Cash: US$ 682 mn • Committed
Slide 12: Restructuring transaction update
Restructuring transaction update Transaction indicative timetable Transaction approval (2017) Transaction execution (2018) 20 December January 19th February 16th March 22nd April 2nd 2017 2018 2018 2018 2018 PTO starts PTO ends Enel Chile Enel Withdrawal PTO settlement EGM to Generación rights perio
Slide 13: Closing remarks
2017 results Closing remarks 2017 results in line with our guidance Elqui, TO for Enel Generation ongoing and effectiveness expected on April 2nd Generation, characterized by better hydrology in 4Q17, with better expectations for 2018 Important increase in free market segment in both businesses High
Slide 14: IR Team
2017 Results IR Team Susana Rey Catalina González Head of IR Enel Chile Head of IR Enel Generación Chile +56 2 2630 9606 +56 2 2630 9603 susana.rey@enel.com catalina.gonzalez@enel.com Francisco Basauri Gonzalo Juarez Investor Relations Associate IR New York Office +56 2 2630 9585 +1 (212) 520 1025 f
Slide 15: Disclaimer
2017 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, b