Celsia Sa Esp · BVC:CELSIA

Celsia Sa Esp — Celsia — Q3 2018 Earnings Presentation

28 slides from Celsia Sa Esp's earnings presentation, Nov 7, 2018

  1. Slide 1: Financial Results Third Quarter

    Financial Results Third quarter November 7th, 2018 1

  2. Slide 2: Agenda

    AGENDA 1. Highlights and key figures 2. Business advances 3. The industry 4. Financial results 5. Acknowledgments 6. Annexes 2

  3. Slide 3: Highlights & key figures

    1 Highlights & key figures

  4. Slide 4: Key consolidated figures

    Key consolidated figures Third quarter 2018 Energy generation Energy sales Distribution Figures in GWh Figures in GWh 3Q18 ∆ 3Q18 ∆ 3Q18 ∆ Hydro 961 -7,0% SAIDI (hours) 3,0 -30,2% Contracts 1.120 -2,7% Thermal 427 +12,4% SAIFI (times) 4,5 +2,0% Spot 769 -1,3% Wind 49 +79,6% Losses (%) 8,5% -4,7% Tot

  5. Slide 5: Highlights

    Highlights Third quarter 2018 Business Financial update results ▪ Consolidation of the ▪ Divisa Solar operation in Colombia ▪ Projects and new businesses ▪ Begonia ▪ Acknowledgments

  6. Slide 6: Business update

    W CELSIA Laenergia que quieres

  7. Slide 7: Consolidating operations in Colombia

    Consolidating operations in Colombia CELSIA will sell to EPSA electric energy assets in Colombia and will become the operating company in the country: Hydro power assets La Guajira Real estate for Commercial wind project solar projects representation for The rights associated with the The land for t

  8. Slide 8: Consolidation of the operation in Colombia

    Consolidation of the operation in Colombia Increase in competitive capacity Unique growth platform in Colombia • Strengthen current and future Strenghtening capacity to produce energy. of operations • EPSA will be the company dedicated to the generation and • EPSA will have a greater distribution of

  9. Slide 9: Sustainable strategy focused on renewable energies

    Sustainable strategy focused on renewable energies Begonia Divisa Panamá Colombia Solar generation Wind generation 100% acquisition 57,6% share Acacia Location: Maicao, La Guajira Plant in Installed capacity: 80 MW operation Capacity factor: 54% Location: Corregimiento of Llano Connection: SE Cueste

  10. Slide 10: Projects Plan 5 Caribe

    Improving the grid throughout Projects the Caribbean region Plan5Caribe Entry into Project Location operation Cuestecitas, Guajira January-17 Riohacha y Maicao Valledupar Cesar March-17 110kV Montería Córdoba September-18 Manzanillo Bolívar August-18 Norte Atlántico November-18* Caracolí Atlántico F

  11. Slide 11: Projects Celsia Solar

    Projects Sustainable alternative that takes strength Installed 8,1 MW Capacity Celsia Location Expected Santa Rosa de Lima, Bolívar Solar output 15,5 GWh-year Bolívar Tax incentives Law 1715 Current [ Under construction development Carbon emission reduction in 30 years 141 thousand tons CO2

  12. Slide 12: Projects

    Projects Sustainable alternative that takes strength Celsia Solar Celsia Solar Chicamocha Valledupar Location Mesa Darío Múnera Arango de los Santos, Santander Capacity 60 MW Capacity 80 MW Location Valledupar, Cesar Los Santos, Expected Location 119 GWh–year Santander output Expected Location 162 G

  13. Slide 13: El Dorado airport brightened up with good energy

    El Dorado airport brightened up with good energy Best practices for sustainability, energy efficiency and environmental impact Carbon emission reduction of [ 1.375 tons of CO2 equivalent to oxygen emitted by 76 thousand mature trees The modern system will have a capacity of 2,8 MWp and 10.369 [ Endo

  14. Slide 14: The industry

    | ; industry P - 4 1 47] a aa 14 ; q Hil] | 4 ee -i W

  15. Slide 15: Electricity market in Colombia and Panama

    Electricity market in Colombia and Panama Hydrological contributions / Spot price Contract price MC – SIN ($/kWh) 30.000 850 25.000 650 2,017 2.018 20.000 190 450 189 188 189 189 189 189 188 15.000 187 250 10.000 5.000 50 179 178 179 179 177 178 178 177 177 177 177 178 0 -150 4Q14 4Q17 4Q15 4Q16 1Q1

  16. Slide 16: Financial results

    a V Sites © +) £3 W V Alaa CELSIA La energia que quieres Financial results

  17. Slide 17: Operational figures

    Operational figures Retailer sales Generation by technologies - Celsia Colombia 800 1.972 1.739 1.693 1.711 1.722 1.792 600 1.542 1.434 1.293 1.387 1.324 1.230 1.250 1.246 1.325 1.301 1.218 1.112 GWh 1.065 GWh 400 200 0 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17

  18. Slide 18: Financial results

    Financial results Revenue Ebitda Net income 400.000 50% 38% 37% 38% 824 847 852 33% 34% 33% 40% 821 30% 93.324 99.065 785 742 743 30% 300.000 79.158 309 20% 71.457 294 290 279 269 10% 64.318 64.413 259 241 200.000 0% -10% -20% 100.000 21.869 -30% -40% - -50% 1T17 2T17 3T17 4T17 1T18 2T18 3T18 1Q17 2

  19. Slide 19: Consolidated debt

    Consolidated debt 0,2 Bll Net debt Ebitda Average cost debt Ebitda Financial expenses COP USD 5% 0,9 Bll 29% 1,1 Bll September 3,2 Bll 34% 3,28x 3,14x 9,20% 4,50% ALT 2017 7% BLM December 1% Celsia 3,20x 3,44x 9,01% 5,31% 0,2 Bll Colener 2017 24% 0,04 Bll EPSA September 0,8 Bll ZF Celsia 2,59x 3,63x

  20. Slide 20: Awards

    5 Awards

  21. Slide 21: Awards

    Awards Merco Latin Finance Ranked 50 among the 100 Better financing for companies with the best infrastructure in Central reputation in Colombia and America for the placement of ranked 22 in the Merco corporate bonds for 320 million Talento monitor. dollars. Dow Jones Sustainability Index - Mila Ind

  22. Slide 22: [email protected]

    [email protected]

  23. Slide 23: Annexes

    Annexes 23

  24. Slide 24: Consolidated statement of income and other comprehensive income

    Consolidated statement of income and other comprehensive income Values expressed in thousands of COP YTD QUARTER sep-18 sep-17 3Q-18 3Q-17 Operating income Revenue from ordinary activities 2.518.832.761 2.270.133.753 851.527.449 784.872.462 Cost of sales (1.797.603.855) (1.551.385.683) (623.485.232)

  25. Slide 25: Consolidated statement of financial position

    Consolidated statement of financial position Values expressed in thousands of COP September-18 December-17 September-18 December-17 Assets Liabilities and shareholders' equity Non-current assets Equity Property, plant and equipment 7.248.365.984 7.183.979.189 Subscribed and paid-in capital 267.493 1

  26. Slide 26: Individual statement of income and other comprehensive income

    Individual statement of income and other comprehensive income Values expressed in thousands of COP YTD Quarter sep-18 sep-17 3T-18 3T-17 Revenue from ordinary activities 191.726.862 127.557.104 62.710.891 44.820.315 Cost of sales (119.675.585) (70.552.855) (35.351.530) (24.253.467) Gross profit 72.0

  27. Slide 27: Individual statement of financial position

    Individual statement of financial position Values expressed in thousands of COP September 2018 December 2017 September 2018 December 2017 Assets Liabilities and shareholders' equity Non-current assets Equity Property, plant and equipment 401.198.310 404.368.379 Subscribed and paid-in capital 267.493

  28. Slide 28: [email protected]

    [email protected]

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