Colbun Sa · BCS:COLBUN
Colbun Sa — Q4 2015 Earnings Presentation
16 slides from Colbun Sa's earnings presentation, February 2016
Slide 1: 4Q15 Results Review
4Q15 Results Review February, 2016
Slide 2: Agenda
2 AGENDA 1. HIGHLIGHTS 2. RECENT EVENTS 3. FINANCIAL REVIEW 4. GROWTH OPTIONS
Slide 3: Highlights for 4Q 2015
3 HIGHLIGHTS FOR 4Q 2015 1 Revenues 2 EBITDA 3 Hydro Generation Chile (MMUS$) (MMUS$) (GWh) 330 2,285 -9% 173 8% 9% 301 159 2,109 4Q14 4Q15 4Q14 4Q15 4Q14 4Q15 4 5 6 Efficient Capacity over Net Income Net Debt Commitments (%) (MMUS$) (MMUS$) 72 4% 94 11% 1,174 91 (59) 1,061 4Q14 4Q15 4Q14 4Q15 4Q14
Slide 4: Agenda
4 AGENDA 1. HIGHLIGHTS 2. RECENT EVENTS 3. FINANCIAL REVIEW 4. GROWTH OPTIONS
Slide 5: Recent Events
5 RECENT EVENTS 1. On December 18th, Colbún, through a consortium where it holds a 51% ownership, bought Fenix Power Perú S.A. 2. On December 22nd, the Board agreed to distribute an interim dividend (US$0.002260 per share). 3. As of January 1st, 2016 the company has been authorized by the Chilean In
Slide 6: Agenda
6 AGENDA 1. HIGHLIGHTS 2. RECENT EVENTS 3. FINANCIAL REVIEW 4. GROWTH OPTIONS
Slide 7: Chile: Physical Sales and Generation Balance
7 CHILE: PHYSICAL SALES AND GENERATION BALANCE Sales Volumes GWh 2014 2015 Acc/Acc Key Drivers of 2015 Regulated Customers 7,204 6,625 (8%) Free Customers 4,737 4,428 (7%) Lower power demand from customers under Total Commitments 11,491 11,053 (7%) contract Spot Market Sales 793 1,452 83% Total En
Slide 8: Chile: EBITDA Analysis
8 CHILE: EBITDA ANALYSIS Key Drivers of 2015 US$ million 2014 2015 Acc/Acc Revenues 1,502.6 1,307.6 (13%) Lower Revenues: Lower unregulated client prices and Raw Materials and Consumables Used (883.7) (641.1) (27%) Regulated demand slowdown Personnel and other (82.3) (84.4) 3% operating expenses
Slide 9: Peru: Physical Sales and Generation Balance
9 PERU: PHYSICAL SALES AND GENERATION BALANCE Sales Volumes GWh 2014 2015 Acc/Acc Key Drivers of 2015 Customers Under Contract 2,408 3,002 25% Total Commitments 2,408 3,002 25% Higher PPAs and Generation in 2015 due to a Spot Market Sales 1,083 2,885 166% full year operation. Total Energy Sales 3,4
Slide 10: Peru: EBITDA Analysis
10 PERU: EBITDA ANALYSIS Key Drivers of 2015 US$ million 2015* This figures consider the period post Revenues 6.2 acquisition starting in 18th December 2015. Raw Materials and (4.8) Consumables Used Personnel and other operating expenses (0.1) Revenues are explained by sales to Clients under contr
Slide 11: Consolidated Non-Operating Income Analysis (Summary)
11 CONSOLIDATED NON-OPERATING INCOME ANALYSIS (SUMMARY) Key Drivers of 2015 US$ million 2014 2015 Acc/Acc 2015 had higher Financial Expenses due to: Financial Income 5.6 5.5 (1%) Higher average level of gross debt Financial Expenses (76.0) (90.5) 19% Lower capitalization of interest expenses Res
Slide 12: Agenda
12 AGENDA 1. HIGHLIGHTS 2. RECENT EVENTS 3. FINANCIAL REVIEW 4. GROWTH OPTIONS
Slide 13: Searching for Investment Opportunities in the Region
13 SEARCHING FOR INVESTMENT OPPORTUNITIES IN THE REGION Special focus in Colombia and Perú Growing electricity consumption Well established regulatory framework Diversification: Hydrological conditions Generation technologies Access to fuel sources Regulatory Risks
Slide 14: La Mina NCRE, Construction Site
14 LA MINA NCRE, CONSTRUCTION SITE 34 MW of Installed Capacity and 190 GWh of expected annual generation
Slide 15: Colbún Has Several Growth Opportunities
15 COLBÚN HAS SEVERAL GROWTH OPPORTUNITIES Projects in Chile San Pedro - Hydroelectric Project 160-170 MW of Capacity 950 GWh of expected annual generation Santa María II – Coal-fired Project 350 MW of Capacity 2,500 GWh of expected annual generation
Slide 16: Investor Relations Team Contact
16 INVESTOR RELATIONS TEAM CONTACT Miguel Alarcón María Elena Palma [email protected] [email protected] +(562) 2 460 4394 +(562) 2 460 4450 This document provides information about Colbún S.A. In no case this document constitutes a comprehensive analysis of the financial, production and sales situat