Colbun Sa · BCS:COLBUN

Colbun Sa — FY2017 Earnings Presentation

15 slides from Colbun Sa's earnings presentation, February 2018

  1. Slide 1: 2017 Earnings Review

    2017 EARNINGS REVIEW February 2018

  2. Slide 2: Agenda

    AGENDA 1. COMPANY HIGHLIGHTS 2.FINANCIAL REVIEW 3.GROWTH OPPORTUNITIES

  3. Slide 3: Agenda: Company Highlights

    AGENDA 1. COMPANY HIGHLIGHTS 2.FINANCIAL REVIEW 3.GROWTH OPPORTUNITIES

  4. Slide 4: Company Highlights: 2017 Key Facts

    COMPANY HIGHLIGHTS 2017 KEY FACTS 1 Colbún posted a historical record EBITDA of US$692 million and net income of US$289 million as of December 2017. 2 During 2017, Colbún signed medium-term power supply contracts with unregulated customers for approximately 1,600 GWh. 3 La Mina Project (34 MW): its

  5. Slide 5: 2017 Main Consolidated Figures

    COMPANY HIGHLIGHTS 2017 MAIN CONSOLIDATED FIGURES US$ 692mm 1.2x 3,847MW EBITDA Net Debt/ Inst. Capacity US$638 mm/ US$54 mm EBITDA LTM 3,282 MW/ 565 MW US$ 289 mm 5.0% 25 Avg. Power Plants Net Income Interest Rate* 24/ 1 Market Share US$ 810mm BBB Ratings Cash S&P/Fitch 23%/ 7% Note: All figures as

  6. Slide 6: Agenda: Financial Review

    AGENDA 1.COMPANY HIGHLIGHTS 2. FINANCIAL REVIEW 3.GROWTH OPPORTUNITIES

  7. Slide 7: Chile: Physical Sales & Generation Balance

    FINANCIAL REVIEW CHILE: PHYSICAL SALES & GENERATION BALANCE Generation (GWh) 2016 2017 YoY Hydraulic 4,767 5,897 24% MAIN VARIATIONS 2017 / 2016 Thermal – Gas 3,594 3,890 8%  Total generation increased, mainly because Thermal – Diesel 315 206 (35%) of: Thermal - Coal 2,505 2,606 4% - Higher hydro g

  8. Slide 8: Chile: EBITDA Analysis

    FINANCIAL REVIEW CHILE: EBITDA ANALYSIS MAIN VARIATIONS 2017 / 2016  Revenues increased, mainly due to: - Higher revenues from energy and US$ million 2016 2017 YoY capacity sales in the spot market. - Higher sales under contract. Revenues 1,220 1,356 11% - Higher “Other Operating Income”. Raw Mater

  9. Slide 9: Peru: Physical Sales & Generation Balance

    FINANCIAL REVIEW PERU: PHYSICAL SALES & GENERATION BALANCE Generation (GWh) 2016 2017 YoY MAIN VARIATIONS 2017 / 2016 Thermal – Gas 3,581 4,113 15% Total Own Generation 3,581 4,113 15%  Gas-power generation increased, mainly explained by the higher availability of the power plant compared to 2016.

  10. Slide 10: Peru: EBITDA Analysis

    FINANCIAL REVIEW PERU: EBITDA ANALYSIS MAIN VARIATIONS 2017 / 2016 US$ million 2016 2017 YoY  Revenues decreased, mainly due to the higher volume of sales in the spot Revenues 217 193 (11%) market at lower marginal costs. Raw Materials and Consumables  Raw materials and consumables used (144) (141

  11. Slide 11: Consolidated: Non-Operating Income Analysis

    FINANCIAL REVIEW CONSOLIDATED: NON-OPERATING INCOME ANALYSIS US$ million 2016 2017 YoY MAIN VARIATIONS 2017 / 2016 Financial Income 10 13 27%  Non-operating income recorded higher loss, mainly explained by an increase Financial Expenses (103) (85) (18%) registered in the line “Other Profits (Losses

  12. Slide 12: Agenda: Growth Opportunities

    AGENDA 1.COMPANY OVERVIEW 2. FINANCIAL REVIEW 3. GROWTH OPPORTUNITIES

  13. Slide 13: Growth Opportunities in Chile & the Region

    GROWTH OPPORTUNITIES GROWTH OPPORTUNITIES IN CHILE & THE REGION SPECIAL FOCUS IN PERU, COLOMBIA AND 1 ARGENTINA.  Growing power consumption  Well established regulatory framework 1  Diversification: - Hydrological conditions Wind HORIZONTE - Generation technology 607 MW - Fuel access PMGD - Regul

  14. Slide 14: 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

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