Slide 1: E-CL S.A. 5th Annual Investors' Summit
E-CL S.A. 5th Annual Investors’ Summit May 6, 2010
Slide 2: Our Business
Our Business Fourth largest electric power generator in Chile in terms of installed capacity: 2,125 MW (including projects currently under construction). Represents 49% of the SING; Important actor 2,080 km of transmission lines; in the electrical sector A company with a diversified mix of energy so
Slide 3: Post-Merger Ownership Structure
Post-Merger Ownership Structure Chile E-CL Argentina Note: 0.69% of ownership is in the Company (effect of the right of withdrawal) 3
Slide 4: The new merged company
The new merged company ■ E-CL S.A. has made the previous corporate structure simpler and clearer; ■ It improves the decision-making processes in terms of efficiency and quality; ■ It allows reducing results and cash flow volatility; ■ It provides greater flexibility to carry out new investment plans
Slide 5: The new merged company (cont.)
The new merged company (cont.) ■ E-CL acquired a more balanced generation mix, with renewed emphasis on natural gas, thanks to the commissioning of the liquefied natural gas terminal in Mejillones (GNLM); ■ All of this constitutes a major progress in the company’s strategy of gradually introducing c
Slide 6: LNG: Global market
LNG: Global market ■ Access through GDF SUEZ to global LNG; ■ Allows greater stability in the supply/demand ratio, reducing the risk of unavailability. Diversified supply sources for GNLM: Trinidad & Tobago, Yemen and Nigeria. 6
Slide 7: Global presence of GDF-SUEZ
Global presence of GDF-SUEZ North America Europe Benelux and Capacity: 7.4 GW Capacity:14.5 GW Germany Under construction: 0.6 Under construction: 0.9 Capacity. 18.5 GW GW GW Under construction: 2.5 GW Generation: 26 TWh Generation: 50 TWh Generation: 89 TWh Sales: 51 TWh Sales: 53 TWh Sales: 119 TW
Slide 8: Presence of GDF-SUEZ in Latin America
Presence of GDF-SUEZ in Latin America GDF SUEZ ENERGY LATIN AMERICA 15% de la Capacidad Instalada de Generación Eléctrica de GDF Suez BRASIL CHILE PERU CENTROAMÉRICA OTROS - SUDAMERICA Tractebel Energia SING Enersur PANAMA ARGENTINA Generación E-CL Generación GSECA Litoral Gas Energia Sustentável Ge
Slide 9: GDF-SUEZ Projects under Development in Chile
GDF-SUEZ Projects under Development in Chile Monte Redondo Wind Farm Characteristics: 38 MW installed capacity (19 aerogenerators 2 MW ea.) Location: IV Region of Coquimbo COD: December 2009 Barrancones Steam Power Plant Characteristics: 540 MW coal-based installed capacity Location: IV Region of Co
Slide 10: Financial Indicators of the E-CL Group
Financial Indicators of the E-CL Group A EBITDA B DEUDA BRUTA 400 800 Con Project Finance USD 697 MM USD 342 MM Sin Project Finance USD 540 MM USD 672 MM 350 700 EBITDA GNAs; 40,6 Project Finance; 300 USD 272 MM 600 157,0 M illo nes de U SD Millones de USD 250 EBITDA GNAs; 38,4 500 EBITDA EA; 36,4 E
Slide 11: Operating Strategy
m Operating Strategy WWW.E-CL.CL
Slide 12: Chilean Market
Chilean Market SING - SIC - Aysen - Magallanes Diversified Assets of the E-CL Group SING Type of Fuel Location Installed MW 3.6 GW Installed Capacity Hydro I Region 13 Coal II Region 778 Gas & LNG II Region 688 Fuel - Diesel I – II Regions 316 Subtotal 1,795 Coal (CTA&CTH) II Region 330 Total 2,125
Slide 13: New Regulations
New Regulations ■ New Regulations on Emissions for Steam-electric Power Plants – Stack-measured emissions directly affect the coal, gas and fuel oil-based plants; – Preliminary limits: • Particulate Matter: 30 – 50 mg/Nm3 • SO2: 200 mg/Nm3 • NPx: 200 - 400 mg/Nm3 • Hg: 0.1 mg/Nm3; Ni: 0.5 mg/Nm3; V:
Slide 14: Business Policy
Business Policy ■ Client diversification: Mining, industrial and regulated; ■ Asset mix, including coal plants and combined cycles with LNG and Argentine gas; ■ Project development according to client needs (CTA, CTH, purchase of LNG); ■ Maintaining a market share (approx. 50%) on a sustainable and
Slide 15: Development Strategy
m Development Strategy WWW.E-CL.CL
Slide 16: Projects in Operation before 2011
Projects in Operation before 2011 “EL COBRE” SUBSTATION” Characteristics: Eight 220 kV panels Location: II Region: Commune of Sierra Gorda Commissioning: October 2010 Use: Current (AMSA & GABY) and future mining projects Investment amount: USD14 million “CHACAYA – EL COBRE” LINE Characteristics: Cap
Slide 17: Projects in Operation in 2011
Projects in Operation in 2011 ANDINA STEAM POWER PLANT Characteristics: 165 MW installed capacity Location: II Region: Commune of Mejillones Estimated COD: Q4 - 2010 PPA: Gaby mining project and part of Codelco Norte’s consumptions Progress status of the works: 92% Investment amount: USD496 million
Slide 18: Projects under Development/Study
Projects under Development/Study ENERGY INFRASTRUCTURE Characteristics: 2 x 375 MW (coal) + Mechanized Port Location: II Region: Commune of Mejillones EIS: Approved in March 2010 “ALGA FUELS” MICROALGAE Characteristics: Bio-fuels Location: II Region: Commune of Mejillones/Tocopilla Allocated funds:
Slide 19: New development plans of E-CL
New development plans of E-CL ■ The demand projections of mining projects require additional installed capacity in the medium term; ■ If E-CL wishes to maintain its current market share, it should capture part of this increase; ■ E-CL already has an approved Environmental Impact Statement for two 37
Slide 20: Sites of interest
Sites of interest ■ www.e-cl.cl ■ www.gnlm.cl ■ www.eolicamonteredondo.cl ■ www.gdfsuez.com 20
Slide 21: E-CL S.A. 5th Annual Investors' Summit
E-CL S.A. 5th Annual Investors’ Summit May 6, 2010