Colbun Sa · BCS:COLBUN
Colbun Sa — Q3 2018 Earnings Presentation
15 slides from Colbun Sa's earnings presentation, November 2018
Slide 1: 3Q18 Earnings Review
3Q18 EARNINGS REVIEW NOVEMBER 2018
Slide 2: Agenda
AGENDA 1. COMPANY HIGHLIGHTS PALABRAS DEL 2. FINANCIAL REVIEW PRESIDENTE 2018 3. GROWTH OPPORTUNITIES
Slide 3: Company highlights: 3Q18 key facts
Company highlights 3Q18 key facts 1 During 3Q18, Colbún has signed new power purchase agreements, in the medium term, with unregulated customers for approximately 500 GWh/year. In accumulated terms, the Company has contracted approximately 2,800 GWh of its generation with new clients. As a recogniti
Slide 4: Company Highlights: 3Q18 main consolidated figures
Company Highlights 3Q18 main consolidated figures US$ 679mm US$1,633 mm Ratings BBB S&P/Fitch EBITDA LTM Financial Debt US$631 mm/ US$47 mm US$1,288 mm/ US$345 mm Baa2 Moody’s US$ 243 mm 1.3x 3,893MW Net Debt/ Inst. Capacity Net Income LTM EBITDA LTM 3,328 MW/ 565 MW US$ 785mm 4.6% 26 Avg. Power Pla
Slide 5: Agenda
AGENDA 1. COMPANY HIGHLIGHTS 2. FINANCIAL REVIEW 3. GROWTH OPPORTUNITIES
Slide 6: Financial Review: Consolidated EBITDA analysis
Financial Review Consolidated: EBITDA analysis US$ million 3Q17 3Q18 QoQ MAIN VARIATIONS 3Q18 / 3Q17 Revenues 384.0 369.0 (4%) Raw Materials and Consumables EBITDA totalized US$156 million, (182.8) (185.3) 1% decreasing by 10%, mainly due to: Used Personnel and other operating - Lower sales to reg
Slide 7: Financial Review: Chile physical sales & generation balance
Financial Review Chile: physical sales & generation balance Generation (GWh) 3Q17 3Q18 QoQ Hydraulic 1,403 1,349 (4%) Thermal 1,626 1,641 1% MAIN VARIATIONS 3Q18 / 3Q17 Gas 846 914 8% Diesel 32 22 (33%) Coal 747 705 (6%) Total generation of the quarter slightly REVS* 29 47 60% decreased, mainly du
Slide 8: Financial Review: Chile Operating Income analysis
Financial Review Chile: Operating Income analysis US$ million 3Q17 3Q18 QoQ MAIN VARIATIONS 3Q18 / 3Q17 Revenues 332.5 320.1 (4%) Raw Materials and Consumables Revenues decreased, mainly due to (147.2) (146.3) (1%) lower: Used Personnel and other operating - Sales to unregulated customers (76.5) (
Slide 9: Financial Review: Consolidated Non-Operating Income analysis
Financial Review Consolidated: Non-Operating Income analysis US$ million 3Q17 3Q18 QoQ MAIN VARIATIONS 3Q18 / 3Q17 Financial Income 3.2 5.0 57% Non-operating income recorded losses in Financial Expenses (21.8) (20.9) (4%) line with 3Q17 Tax expenses decreased 10%, due to: Exchange Rate Differenc
Slide 10: Agenda
AGENDA 1. COMPANY HIGHLIGHTS 2. FINANCIAL REVIEW 3. GROWTH OPPORTUNITIES
Slide 11: Attractive portfolio of growth options
Attractive portfolio of growth options Expansion considerations STRATEGY LOCAL EXPANSION MAIN GUIDELINES 1. Pipeline of Renewable Projects 1. Increase presence in Chile and a. Hydro Perú b. Solar and wind 2. Expand operations to selected countries in the region (Argentina, 2. M&A Opportunities Mexic
Slide 12: Disclaimer and Contact Information
DISCLAIMER AND CONTACT INFORMATION This document provides information about Colbún S.A. In no case this document constitutes a comprehensive analysis of INVESTOR RELATIONS the financial, production and sales situation of the company. TEAM CONTACT To evaluate whether to purchase or sell securitie
Slide 13: Appendix
Slide 14: Appendix: Peru physical sales & generation balance
Appendix: Financial review Peru: physical sales & generation balance Generation (GWh) 3Q17 3Q18 QoQ Thermal – Gas 1,188 1,121 (6%) Total Own Generation 1,188 1,121 (6%) Sales Volume (GWh) 3Q17 3Q18 QoQ Customers Under Contract 809 725 (10%) Spot Market Sales 355 371 5% Total Energy Sales 1,163 1,097
Slide 15: Appendix: Peru EBITDA
Appendix: Financial review Peru: EBITDA US$ million 3Q17 3Q18 QoQ Revenues 51.5 48.9 (5%) Raw Materials and Consumables (35.7) (39.1) 10% Used Personnel and other operating (10.2) (10.8) 6% expenses Operating Income (Loss) 5.6 (0.9) - EBITDA 13.5 7.4 (45%) EBITDA Margin (%) 26% 15% 15