Slide 1: Corporate Presentation 2Q21 Results
CREDICORP CONFERENCE CORPORATE PRESENTATION SEPT 2019 CORPORATE PRESENTATION 2Q21 RESULTS AUGUST 2021
Slide 2: Leading position in Chile & Peru
2Q21 RESULTS Leading position in Chile & Peru THE COMPANY Installed Capacity Market Share1 Ownership 3,811 MW 15% / 6% 49.96% Matte Group 3,244 MW / 567 MW 9.58% Angelini Group Power Plants Transmission Lines 19.26% Pension Funds 25 ~899 km 22.20% Others 24 / 1 KEY FINANCIALS International Ratings E
Slide 3: Highlights of the quarter
2Q21 RESULTS Highlights of the quarter 1. PRICE STABILIZATION MECHANISM ▪ On April 1st, Colbún sold the second group of account receivables, the third group of accounts was sold on June 30th. ▪ Nominal value of US$56 million. ▪ Financial expenses in “Other losses” line of US$15 million associated wi
Slide 4: Colbun Gx: Generation and physical sales (TWh)
2Q21 RESULTS Colbun Gx: Generation and physical sales (TWh) 0,8 Hydro 0,5 1,2 Solar 1,4 Coal 0,7 LNG 0,7 2,5 2,5 Diesel 1,2 Total Commitments 1,0 Spot Market Sales 2Q20 2Q21 Physical sales increased 2%, mainly due to higher sales to the spot market Generation increased 2%, mainly due to: i. Higher h
Slide 5: EBITDA key drivers
2Q21 RESULTS EBITDA key drivers 328 33 284 37 31 155 147 34 14 15 18 US$ million 17 256 219 123 115 2Q20 2Q21 2H20 2H21 Colbún Gx Colbún Tx Fenix EBITDA during 2Q21 decreased 5% mainly due to: ✓ Gx Business: Higher personnel expenses and “Other expenses, by nature” due to the appreciation of exchang
Slide 6: Strategy update
2Q21 Strategy update 1 FOCUS ON UNREGULATED CLIENTS 31 new clients and 309 GWh contracted 2 GROWTH IN SOLAR & WIND GENERATION Machicura ➔ under construction, 97% progress D. Almagro ➔ under construction, 62% progress Inti Pacha ➔ environmental approval secured Horizonte ➔ good progress on environmen
Slide 7: Markets update
2Q21 RESULTS Markets update LTM GENERATION DEMAND GROWTH MARGINAL COST MARKET SHARE1 GWh 12 months average % US$/MWh % Others Hydro 24% Peruvian Gov. 52% SEIN 6% Santa Rosa Others Orazul 14% 10% 13 4% 50,994 0 Statkraft 5% GWh Enel SEIN 17% 13 GW LNG 38% 6% +0.9% y/y Engie Kallpa 12% 18% Others SEN
Slide 8: Hydrological conditions
2Q21 RESULTS Hydrological conditions 1. COLBÚN RESERVOIR LEVEL (m.a.s.l) 3. CHANGE IN ACCUMULATED RAINFALLS (%) 2018 2019 2020 2021 445 As of Jun21 435 compared to 425 415 2020 Av. year 405 395 Aconcagua -63% -73% Maule -61% -63% 2. CHAPO RESERVOIR LEVEL (m.a.s.l) 250 2018 2019 2020 2021 Laja 8% -4%
Slide 9: Thermal generation considerations
2Q21 RESULTS Thermal generation considerations 1. GAS GENERATION (GWh) 2Q20 2Q21 Jun20 Jun21 HIGHER GAS Argentinean NG 3358 0 1,148 127 UNITARY COST Other Providers 1,067 1,207 1,462 1,802 43 66 1,424 1,207 2,616 1,929 US$/MWh US$/MWh Jun20 Jun21 -15% -26% 2. POWER PLANTS MANTEINANCES AND SUPPLY CON
Slide 10: Financial Key Figures
2Q21 RESULTS Financial Key Figures 1. EBITDA & EBITDA MG. (US$ million & %) 2. NET INCOME. (US$ million) EBITDA Chile EBITDA Fenix EBITDA Mg 289 51% 45% 47% 46% 44% 230 54 36 70 65 202 63 89 639 648 627 617 576 -9 2017 2018 2019 2020 2Q21 LTM 2017 2018 2019 2020 2Q21 LTM 3. DEBT & NET DEBT. (US$ mil
Slide 11: Recent developments in Chile's regulatory framework
2Q21 RESULTS Recent developments in Chile’s regulatory framework LATEST CHANGES BILLS UNDER DISCUSSION 1. Price stabilization mechanism for regulated clients tariffs 1. Power Supply Portability ▪ Tariffs will be stabilized until Jan21, and adjusted by local CPI ▪ Aims to increase competition in the
Slide 12: Attractive portfolio of growth options
2Q21 RESULTS Attractive portfolio of growth options Feasibility Environmentally approved and construction approved by the Board of Directors We hold a portfolio of solar and wind farm projects, in different stages of development, for 1 2 approximately 3,100 MW 3 5 4 6 4 5 2 3 1 6 DIEGO DE INTI HORIZ
Slide 13: Disclaimer & Contact Information
Disclaimer & Contact Information ▪ This document provides information about Colbún S.A. In no INVESTOR RELATIONS case this document constitutes a comprehensive analysis of the financial, production and sales situation of the company. TEAM CONTACT ▪ To evaluate whether to purchase or sell securities
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