Enel Chile SA · BCS:ENELCHILE
Enel Chile SA — Q1 2019 Earnings Presentation
13 slides from Enel Chile SA's earnings presentation, 2019
Slide 1: 1Q 2019 consolidated results
1Q 2019 consolidated results
Slide 2: Key highlights of the 1Q19
Key highlights of the 1Q19 Renewables contribution in our generation business Important achievement in Los Cóndores Distribution characterized by quality of service and energy losses improvement Anglo American’s agreement Strong EBITDA & Net Income growth FFO generation improvement 1
Slide 3: Renewables growth
Renewables growth Total capex (USD mn) Asset development by business line (USD mn) Total capex by business line (USD mn) +44% +83% 60 86 1 68% 60 5% 60 33 86 1 53 33 7 27% 17 18 15 9 11 7 5 1Q 2018 1Q 2019 1Q 2018 1Q 2019 Customers Asset management Networks Renewables Networks Renewables Asset devel
Slide 4: Continuous improvement in our generation mix and margins
Continuous improvement in our generation mix and margins Installed capacity (GW) Production (TWh) Energy sales (TWh) +17% +28% +5% 7.5 5.5 5.6 5.9 6.4 1.2 4.3 0.8 0.1 0.1 0.6 0.6 0.8 1.7 0.8 2.5 2.2 2.1 0.9 1.3 4.0 3.5 3.5 2.5 2.5 3.3 1Q 2018 1Q 2019 1Q 2018 1Q 2019 1Q 2018 1Q 2019 Hydro Oil-Gas Coa
Slide 5: Digitalization improved our quality of service and efficiency
Digitalization improved our quality of service and efficiency End users (mn) Energy distributed (TWh) +2% +3% 1.89 1.93 4.0 4.1 1Q 2018 1Q 2019 1Q 2018 1Q 2019 SAIDI¹ LTM (minutes) Energy losses (%) -27% -6% 246 5.1 180 4.8 1Q 2018 1Q 2019 1Q 2018 1Q 2019 1 - SAIDI LTM: System Average Interruption D
Slide 6: Financial highlights
Financial highlights (USD mn) 1Q 2019* 1Q 2018* Var. Revenues 1,173 840 +39.5% Reported EBITDA 519 262 +98.1% Adjusted EBITDA¹ 337 262 +28.8% Reported EBIT 429 205 +109.7% Reported Group Net Income² 262 105 +148.9% Adjusted Group Net Income¹ 138 105 +30.9% Gross Capex 86 60 +43.8% Net Debt³ 3,287 3,
Slide 7: Reported EBITDA
Reported EBITDA (USD mn) +98% 181.5 519 (3.1) (8.4) 68 87.1 262 71 460 192 (1) (10) 1Q 2018 Generation AngloAmerican Distribution Holding 1Q 2019 Reported Reported EBITDA EBITDA EBITDA +31% +44% margin Generation Distribution Holding 6
Slide 8: From Reported EBITDA to Reported Group Net Income
From Reported EBITDA to Reported Group Net Income (USD mn) 519 429 182 384 (90) 182 (45) (49) 182 (56) (9) 262 (105) (9) (17) 124 337 248 203 138 1Q 2019 D&A EBIT Financial EBT Income Minorities 1Q 2019 Reported result & Taxes Group EBITDA others Net Income AngloAmerican 1Q18 262 (57) 205 (7) 197 (4
Slide 9: Cash flow
Cash flow (USD mn) 519 182 (182) 337 (130) (311) (29) (5) 174 (86) 88 (47) 40 Reported Δ Working Income Financial FFO Capex FCF Dividends Net EBITDA Capital Taxes expenses paid FCF & Others 1Q18 262 (54)¹ (48)¹ (8)¹ 153¹ (66)¹ 87¹ (91)¹ (4)¹ Delta YoY +98% -476% +40% +38% +14% -30% +1% +48% N.A. 1 -
Slide 10: Debt and financial expenses
Debt and financial expenses (USD mn) Gross and net debt Net debt evolution ND/EBITDA 0.5x 2.1x +26% -1% 3,569 3,321 281 -40 2,829 6 41 1,555 590 3,280 3,287 3,287 683 591 1Q 2018 1Q 2019 Dec 2018 Net Fx 1Q 2019 Net Debt¹ FCF conversion Net Debt Bridge Loan (Elqui) Cash Net debt 1 - Includes USD 41mn
Slide 11: Closing remarks
Closing remarks Enel Chile is on the right path to pursue new opportunities from the energy transition with accretive growth Renewables continue to drive higher margins and EBITDA Infrastructure & networks Digitalization and resilience investments are leveraging the quality of service and efficiency
Slide 12: Investor Relations Team
Investor Relations Team Susana Rey Head of IR Enel Chile +56 2 2630 9606 [email protected] Catalina González Gonzalo Juarez Head of IR Enel Generación Chile IR New York Office +56 2 2630 9603 +1 (212) 520 1025 [email protected] [email protected] Claudio Ortiz Pablo Contre
Slide 13: Disclaimer
1Q 2019 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