TGI Results Presentation
3Q21 and 9M21
November 30, 2021
1 | Financial, Commercial and Operational Performance | |
Improved volumes increase contract usage and partially mitigate lower fixed revenues | ||
Operational | |||
Pipeline | Mcfd | ||
+11,6 | |||
Lenght | 4.017Km | 4.033Km | |
Total | 838 | 849 | Mcfd |
Cusiana Fase IV | |||
Capacity |
4Q
Revenue
USD mm
456
Take or Pay | -158 | |||
761 | Mcfd | |||
Contracted | ||||
603 | ||||
Mainly Ballena- | ||||
Capacity | Barranca expiration | |||
3Q
120
110
336
287
96
Transported | +42,8 | ||
volume | 490 | ||
447 | Mcfd | ||
2Q
105
94
1Q
12197
3Q20 | 3Q21 | 2020 | 2021 | |
Use of | 59% | 81% | Variation | -12,6% |
Contracts | 3Q20-3Q21 | USD -13,9 mm |
2
1 | Financial, Commercial and Operational Performance | |
22% of revenues have been recovered through new structural hires | ||
Capacity and AO&M revenues
Variable Revenue
3
1 | Financial, Commercial and Operational Performance | |
Focus on margin protection is consistent with EBITDA results | ||
Operating Income | EBITDA | |||||
USD mm | 78,4% | USD mm | 79,7% | |||
Margin 9M | ||||||
Margin 3Q | 78,8% | 79,9% | ||||
4Q | 255 | 352 | ||||
88 | ||||||
60 | ||||||
3Q | 196 | 263 | 229 | |||
66 | 159 | 87 | ||||
77 | ||||||
2Q | 51 | |||||
56 | 80 | |||||
54 | 74 | |||||
1Q | 74 | 54 | 97 | 78 | ||
2020 | 2021 | 2020 | 2021 | |||
Variation | -22,6% | -11,4% |
3Q20-3Q21 | USD -15,0 mm | USD -9,9 mm |
Net Income
USD mm
151 | |
44 | 107 |
33 | 76 |
14 | 25 |
60 | 27 |
24 | |
2020 | 2021 |
-24,1%
USD -8,0 mm
4
- Financial, Commercial and Operational PerformanceBetter-than-estimated leverage metrics at year-end
Debt USD 1,1 Bn
Sep-21
Gross Total Debt/EBITDA LTM | Net Debt/EBITDA LTM** |
4,0 | ||||||
3,6 | 3,5 | |||||
3,2 | 2,9 | 2,8 | 3,3 | |||
3,1 | ||||||
2019 | 2020 | 3Q21 | 2019 | 2020 | 3Q21 |
Bond 66,6%
Intercompany 32,8%
Others0,6%
EBITDA LTM/Financial Expenses
5,2 5,0
4,7
3,0
2019 2020 3Q21
Cost 5,38%
Weighted average of cost of debt
*5,74% in 1Q21
Maturity Profile
USD mm | 750 |
370*
2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
*Intercompany subordinate | 5 |
** Last twelve months |
Para continuar a leer este documento, haga clic aquí para la versión original.