Inversiones Aguas Metropolitanas S.a. · BCS:IAM
Inversiones Aguas Metropolitanas — 6M 2021 Earnings Presentation
29 slides from Inversiones Aguas Metropolitanas's earnings presentation, August 2021
Slide 1: Results Report June 2021
Results Report JUNE 2021
Slide 2: Covid-19, Climate Change Challenge, Financial Summary, Regulatory Aspects
• Covid-19 • Climate Change Challenge • Financial Summary • Regulatory Aspects
Slide 3: Covid-19: Ensuring operational continuity
1 Covid-19 Ensuring operational continuity 3
Slide 4: Covid-19: Corporate Measures Operational Continuity
Covid-19: Corporate Measures 1 Operational Continuity 685 people 1.571 workers 686 teleworking inoculated PCR tests performed 726 People working on essential on-site personnel Preventive strategy in advance 7,067 Health survey Saliva tests, performed on Focus: Psychological support and essential per
Slide 5: Climate Change Challenge
2 Climate Change Challenge Impact on water availability Diciembre | 2020 5
Slide 6: A phenomenon that has accelerated in the last decade
A phenomenon that has accelerated in the last decade combining scarcity with episodes of high turbidity Historical 97,5 m3/seg -55% 2020 43,8 m3/seg Low rainfall: lower Historical availability of our rivers 5,2 m3/seg that supply the MR as well as the natural renewal of -67% El Yeso. 2020 1,7 m3/seg
Slide 7: An ultimately accelerated phenomenon
An ultimately accelerated phenomenon combining scarcity and episodes of high turbidity El Yeso, October 2020 ✓ In the last decade the Metropolitan Region (2009 - 2019) has been involved in a period of unprecedented drought, which has been reflected in a decrease in rainfall. 1820 466 mm/year 2020 18
Slide 8: Managing Basin of Maipo River
03 MANAGING BASIN OF MAIPO RIVER EXTREME DROUGHT 2019-2021: Supply doesn´t meet demand Surface sources provide 79% of the water resources for Grupo Aguas' operations. However, part of this volume has been acquired from other users. % Surface % Surface % Year Water Water Underground Rights AA Purchas
Slide 9: Agreement with Users of Maipo River
AGREEMENT WITH USERS OF MAIPO RIVER Ensures availability of surface water resources for Aguas Andinas Water purchase prices according to market conditions Measures and Reuse of treated Construction of Infiltration pools to investments to face water from deep wells on the recharging and the impacts o
Slide 10: We move forward in the development of solutions
WE MOVE FORWARD IN THE DEVELOPMENT OF SOLUTIONS Integration of concrete and innovative solutions Wells of Lo Mena Reuse Purified Water Concrete Investments of US$ 250 million Advanced Management of In climate change works Wells Wells of Antonio Varas Increase of supply 310-340 Hm3/year To 2030 Sound
Slide 11: We have important works in progress
We have important works in progress To expand and strengthen the supply in the city Upgrade of Plant Padre Hurtado: +1 We are expanding its production capacity and renewing its technology, in order to strengthen the Production supply for more than 1 million inhabitants of the Capacity communes of La
Slide 12: We have invested in resilience works
WE HAVE INVESTED IN RESILIENCE WORKS Strengthening autonomy in the event of high turbidity episodes in rivers Phase 1: 2013 Intermediate Phase: 2018 Phase 2:2019 Autonomy Autonomy Autonomy Increase from 4 to 9 hours Increase from 9 to 11 hours Increase from 11 to 34 hours Investment of $ 77,500 mill
Slide 13: Financial Summary
FINANCIAL SUMMARY
Slide 14: Main Financial Figures
MAIN FINANCIAL FIGURES P&L (Million Ch$) 6M 2021 6M 2020 % Var. Operating Revenues 256.948 243.681 5,4% EBITDA 139.362 136.967 1,7% %EBITDA/Revenues 54% 56% EBIT 105.522 103.504 1,9% %EBIT/Revenues 41% 42% Net Income 58.291 62.329 (6,5%) Net Income Isoperimeter (net from ESSAL's sale effect) 58.291
Slide 15: Revenue Evolution
REVENUE EVOLUTION Revenues driven by higher average rates and non-regulated revenues, offset by the loss of volumes (-0.9%) -2.6 Hm3; -0.9% vs 2020 Aguas Andinas Residential customers + 0.8% +2,6% (mar-21) Non-residential customers -7.2% Aguas Andinas -3,0% (mar-20) Operational Costs Reimbursement:
Slide 16: First half's EBITDA driven by higher revenues offsetting higher bad debts
First half’s EBITDA driven by higher revenues offsetting higher bad debts and operating costs 2,9% 2021 vs 2,4% 2020 (% over revenues ) • Clients (cut / restatoration, meter • Expenses growth replacement, collection services) associated with CPI and • Lower general service expenses and higher activi
Slide 17: First half's EBITDA: Covid impact
First half’s EBITDA driven by higher revenues offsetting higher bad debts and operating costs Covid Impact: $16,766 million Lower Uncollectable COVID direct Non Lower Operational Water Network Other volumes expenses Sanitation costs Costs Purchases Mainteneance segment Reimbursements Aug.| 2021
Slide 18: Late Payment above pre-pandemic levels but stable trend
Late Payment above pre-pandemic levels but with a stable trend during the first half of 2021 Higher provision for bad debts of $ 1,573 million in 2021. Bad debts / total revenues of 2.9% in 2021 versus 2.3% in 2020. % Uncollectable over Revenues 4,5% 4,0% • $1.573 million 3,5% 3,0% 2,5% 2,0% 1,5% 1,
Slide 19: Income Statement - Net Income Evolution
Income Statement - Net Income Evolution • Mainly due to a lower result before taxes together with a greater effect of monetary correction of the Tax Own Capital • Variation of the Development Unit (2.2% in 2021 versus 1.4% in 2020). Net Income EBITDA Depreciation Financial Taxes Other Net Income 202
Slide 20: Net financial debt impacted by CLF variation and dividend payment
Net financial debt impacted by the variation in CLF (+ 2.2%) and the payment of dividends in May 2021 • CLF Variation (2.2% en 2021) Paid Taxes Working Financial Inflationary Dividend Other Capex Paid Capital Expense Adjustment payment of Debt Aug. 2021
Slide 21: Investments
INVESTMENTS A COMPANY THAT SHOWS SUSTAINED GROWTH SECURITY • Nitrate Treatment Farfana-Trebal Security of Sewage Treatment Plant Other Supply • La Farfana-Trebal Biofactories Asset Investments 25% Replacement 30% • Construction of Pirque Pond $68,405 • Expansion of the Padre Hurtado Drinking Water T
Slide 22: Balance reflects robustness and resilience of the Company
Balance reflects the robustness and resilience of the Company despite the current context 1 Total Assets: Current Assets: Decrease of 13.7% compared to the end of December 2020, mainly due to the seasonality of the business. ✓ Decrease in cash position for Ch $ 38,588 million, mainly associated with
Slide 23: Economic Value and Sustainability for our Shareholders
ECONOMIC VALUE AND SUSTAINABILITY FOR OUR SHAREHOLDERS Financial ratios that reflect the resilience of the Company, maintaining our AA+ rating despite the extremely complex year we have experienced. 2021 2021 2021 EPS $15,47 Leverage 1,57 ROCE 7,0% 2021 2021 2021 Liquidez Deuda 1,03 3,99 ROA 9,7% co
Slide 24: Regulatory Affairs
REGULATORY AFFAIRS
Slide 25: Water Code Reform Project
Water Code Reform Project • Concession as an administrative real right that falls on the waters and consists of the use and temporary enjoyment of them, also including the provision (art. 20), (current rule: The right to use the waters is Water Use Rights the domain of its owner, who you can use, en
Slide 26: Water Code Reform Project
Water Code Reform Project Water as Access to drinking water and sanitation as essential and inalienable human right, guaranteed by the State. Human Right • The use for human consumption, subsistence and sanitation will always prevail, both in the granting and in the limitation to the exercise of DAA
Slide 27: Project of Bill – Undersecretary of Water Resources
Project of Bill – Undersecretary of Water Resources Public-private advisory council of President Asks President of the Republic National Council Ministers Committee Executive Secretary Proposes to the President of the Republic Ministry of Public Works and Implementation and monitoring Water Resource
Slide 28: Constituent Assembly defining mechanisms and structures
Constitutuent Assembly defining mechanisms and structures Aug.| 2021
Slide 29: Results Report June 2021
Results Report JUNE 2021
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