Slide 1: Enel Chile 9M 2016 results
Enel Chile 9M 2016 results November 4th, 2016
Slide 2: 9M 2016 proforma results: Chilean highlights of the period
9M 2016 proforma results* Chilean highlights of the period Generation Business Volume sales increased by 4%, amounting to 18 TWh. Revenues increased by 13%, amounting to 1.9 billion dollars. Distribution Business Customers increased by more than 40 thousand to 1.8 million. Revenues increased
Slide 3: Financial highlights (constant US$ mn)
9M 2016 proforma results* Financial highlights (constant US$ mn1) 9M15 9M16 Δ YoY 9M16 Financial Statements reported to SVS, March to September 2016 Revenues 2,589 2,851 10.1% Revenues 2,255 Contribution Margin 896 1,144 27.7% Contribution Margin 896 EBITDA 648 840 29.7% EBITDA 635 Financial Stateme
Slide 4: Market context in the period
9M 2016 proforma results* Market context in the period Expected GDP Energy Demand (%)2 Average Spot Price Average Exchange Rate Annual Growth (%)1 (USD/MWh) CLP vs USD3 Group 2016 1.6% Distribution 0.4% 9M16 680 Physical Sales 9M16 79 Group Generation 3.8% Physical Sales 2015 2.1% 9M15 640 9M15 123
Slide 5: Operating highlights
9M 2016 proforma results* Operating highlights Installed capacity: 6,352 GW Net production: 13,339 GWh Generation sales: 17,962 GWh + 0.0% (0.3%) +3.8% 78 6,352 6,352 78 13,382 13,339 17,962 93 73 17,311 636 636 1,334 2,296 Spot 795 Unregulated 1,155 3,087 4,218 3,103 2,173 2,173 4,296 4.9 4.7 4.9 4
Slide 6: Financial highlights (constant US$ mn)
9M 2016 proforma results* Financial highlights (constant US$ mn1) Revenues EBITDA +29.7% + 10.1% 2,851 840 2,589 648 9M15 9M16 9M15 9M16 Attributable Net Income Net Debt +75.1% +3.5% 480 274 1,071 1,108 9M15 9M16 2015 9M16 1. Comparisons between periods in the Financial Income Statements are made us
Slide 7: Group EBITDA evolution by business and country
9M 2016 proforma results* Group EBITDA evolution by business and country (US$ mn) 1 + 29.7% 840 + 37% +4% 648 25% Dx Dx 30% 75% Gx Gx 70% 9M 2015 Generation Distribution 9M 2016 1. Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period
Slide 8: Enersis Chile – Distribution Business: EBITDA breakdown by businesses
Enersis Chile – Distribution Business EBITDA breaking by businesses TOTAL EBITDA 9M161: US$ 212 million Dx regulated 5% 2% 5% 7% Subtransmission Trading 57% VAS without electric 24% grids relocation Electric grids relocation Others Important growth in all segments related to energy distribution 1. R
Slide 9: Headcount and Personnel expenses
9M 2016 proforma results* Headcount and Personnel expenses Headcount Personnel expenses (US$ mn) -6.7% -10.6% -134 -150 2,181 2,034 9M15 9M16 9M15 9M16 11% reduction in personnel expenses * Only for information purpose 9
Slide 10: From EBITDA to Group net income
9M 2016 proforma results* From EBITDA to Group net income (constant US$ mn1) 840 189 694 708 (21) (153) (147) 480 (228) EBITDA D&A 2 EBIT Financial Result Others Non Income tax Group Net Minorities Attributable Net Operating Income Shareholders Income Results 9M15 (US$ mn) 648 (172) 475 (68) 21 (85)
Slide 11: Gross and Net Debt
9M 2016 proforma results* Gross and Net Debt Gross and Net Debt (US$ mn) Gross Debt breakdown Liquidity breakdown By type Credit +13.2% Lines International • Cash: Others 10% Bonds 1,443 2% US$ 335 MM 1,275 50% 335 Local • Committed Credit Lines: 204 38% Bonds US$ 364 MM 1,071 1,108 By currency • Av
Slide 12: Gross Capex
9M 2016 proforma results* Gross Capex1 (US$ mn) By activity By business Distribution 25% Maintenance 272 46% 272 54% +9.7% +9.7% 75% Generation Growth Los Cóndores will add 150 MW of installed capacity to the SIC. As of September 2016, the level of completion reached 38% with a total investment of U
Slide 13: Closing remarks
9M 2016 proforma results* Closing remarks Improved performance driven by generation business Robust long term contract portfolio perfectly hedges production capability Well Diversified EBITDA in distribution business thanks to non regulated businesses Important personnel cost reduction Strong increa
Slide 14: 9M 2016 Results: IR Team
9M 2016 Results IR Team Susana Rey, Head of IR (56) 22630 9606 susana.rey@enel.com Enel Chile Catalina Gonzalez, Head of IR (56) 22630 9603 catalina.gonzalez@enel.com Enel Generación Chile Francisco Basauri, IR Analyst (56) 22630 9585 francisco.basauri@enel.com Enel Generación Chile Guillermo Bergue
Slide 15: Disclaimer
9M 2016 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