Value Proposition l Taking proactive steps to deliver on our commitments l Management track record of successful execution Reducing risk by exiting non-core markets and recycling capital; improving profitability (one-third reduction…
AES by the Numbers 18,500 Employees 4 Continents 6 GW Under Construction 18 Countries 200 8 Utilities 10 Million Distribution Customers 36 GW in Operation Contains Forward-Looking Statements 4
Who We Are: 36,050 MW in Operation Fuel Type SBU Oil, Diesel & Pet Coke Asia Renewables1 6% 7% Europe 31% Gas 23% 19% 34% US MCAC 9% 9% 40% Brazil 22% Coal Andes 1. Renewables includes: hydro, wind, solar, energy…
Businesses Managed in Six Strategic Business Units (SBUs) % = Adjusted PTC1 of 1.9 Billion Before Corporate Charges of 0.5 Billion 24% 19% Europe Bulgaria Jordan US Netherlands UK Kazakhstan United States 19% Mexico…
Who We Are: 82% of Portfolio Businesses are Contracted or Utilities 2015 Adjusted PTC1 by Contract Type Short-Term Sales (< 2 Years) Utilities 18% 18% Medium-Term 24% Contract Sales Long-Term (2-5 Years) 40% Contract Sales…
Maritza Signed Memorandum of Understanding with Offtaker, NEK 690 MW Coal-Fired Maritza Plant in Bulgaria l Maritza and NEK agreed to: Reduce the capacity payment to Maritza by 14%, or 7% reduction in total revenue1, through 2026…
Re-Secured Rights to Coal Blocks 1,320 MW Coal-Fired OPGC 2 Under Construction in India l In Q3 2014, the Supreme Court of India overturned allocations of 214 coal blocks, including OPGC 2 No impact on existing 420 MW OPGC 1…
Reducing Complexity: Since September 2011, Exited 10 Countries and Raised 3 Billion in Equity Proceeds to AES Markets Exited 2011-2013 l China l France l Spain l Hungary l Czech Republic l Ukraine l Trinidad 2014 l Cameroon l Turkey…
Leveraging Our Platforms: Year-to-Date 2015, Brought On- Line 87% Expected New Capacity of 1,525 MW 7,131 MW Expected to Come On-Line 2015-2018 1,851 793 2,972 203 1,312 247 77 270 2012 2013 2014 Year-to-Date Year-to-Go…
Leveraging Our Platforms: 5,819 MW Under Construction Yield More Than 15% ROE1 77% of 5,819 MW Under Construction in the Americas Asia 23% Europe 0.3% MCAC 2% 53% US 22% Andes 7 Billion Total Cost; AES Equity of 1.3…
Leveraging Our Platforms: Achieved Commercial Operation Six Months Early 1,240 MW Coal-Fired Mong Duong 2 in Vietnam l 25-year PPA with state-owned utility l Amassed 18 million man-hours without a lost time incident l Solid…
Adjacent Opportunity: Energy Storage World Leader in Battery-Based Energy Storage l Emerging opportunity l Well positioned to take advantage Global platform Early mover 8 years of experience l 86 MW in operation in the United…
Invested 3.7 Billion of Discretionary Cash in Shareholder Returns, Debt Paydown and Select Growth Projects September 2011-December 2014; in Millions Share Buyback: 78 million shares at 12.69 Per Share 984 Debt Prepayment and 1,603…
Reaffirming 2015 Adjusted EPS1 Guidance Range 1.25-1.35 1.25-1.35 0.03 0.01 (0.05) (0.03) FY 2015 Guidance Currency/Commodity Hedging/Contracting Brazil (Incremental Early Completion of FY 2015 Guidance Changes Hydrology &…
Adjusted EPS1 Growth Drivers 6%-8% Average Expect Flat Annual Growth, More 1.25-1.35 to Modest Growth Weighted Toward 2018 +Performance improvement +Completion of Mong Duong 2 +Completion of and Panama barge +Capital allocation…
2015 Parent Capital Allocation Plan in Millions Discretionary Cash Sources Discretionary Cash Uses (1,540-1,640) (1,540-1,640) 1,540- Target Closing 475-575 1,640 100 Debt Prepayment4 Cash Balance Discretionary 140- Cash to be…
Reaffirming 2015 Proportional Free Cash Flow1 Guidance in Millions 2016-2018 10%-15% Average Annual 1,000-1,350 Growth + 5,819 MW of projects under construction on-line 2016-2018 + Full year of operations from 1,525 MW of…
Investment of 3.6 Billion1 of Discretionary Cash Will Increase Shareholder Value 2015-2018; in Millions Committed Investments in Projects Under Construction 390 Debt Prepayment3 Discretionary Cash to be 345 Allocated 1,385…
Value Proposition l Taking proactive steps to deliver on our commitments l Management track record of successful execution Reducing risk by exiting non-core markets and recycling capital; improving profitability (one-third reduction…
Executive Compensation Aligned with Shareholders Interests Compensation1 Key Factors Restricted Stock Units 12% Vests over 3 years Stock Options 17% Vests over 3 years 80% Variable Vests over 3 years EBITDA less Maintenance…
Corporate Social Responsibility (CSR) Overview Benefit 600 thousand 100+ Community-oriented investment programs people directly and 24 million people indirectly Example Programs Education on Vocational Health Education Safety…
Hydrology Colombia, Chile & Argentina Panama Brazil TOTAL In 2014, Chivor in Inflows have Expect 2015 hydro Colombia had improved to close to conditions to be stronger inflows long-term average worse than 2014 versus the rest of…
2015 Foreign Exchange (FX) Risk Mitigated Through Structuring of Our Businesses and Active Hedging 2015 Adjusted PTC1 2015 Full Year FX Sensitivity2,3 by by Currency SBU (Cents Per Share) KZT Other FX GBP 4% 1% EUR 2% 7% COP 1.0…
Commodity Exposure is Largely Hedged Through 2016, Long on Natural Gas and Oil in Medium- to Long-Term Full Year 2017 Adjusted EPS1 Commodity Sensitivity2 for 10% Change in Commodity Prices 4.0 Cents Per Share 2.0 0.0 Coal…
Attractive Returns from 2015-2018 Construction Pipeline in Millions, Unless Otherwise Stated Gross Expected Total AES Project Country AES Ownership Fuel MW COD Total Capex Equity ROE Comments Construction Projects Coming On-Line…
DPL Inc. Modeling Disclosures Based on Market Conditions and Hedged Position as of March 31, 2015 Balance of Year 2015 Full Year 2016 Full Year 2017 Volume Production (TWh) 10 14 13 % Volume Hedged 67% 51% 16% Average Hedge Dark…
Non-Recourse Debt at DP&L and DPL Inc. in Millions Amount Outstanding as Series Interest Rate Maturity of March 31, 2015 Remarks 2013 First Mortgage Bonds 1.875% September 2016 445.0 Callable at make-whole T+20 2005 Boone County,…
Outstanding Debt as of December 31, 2014 in Millions l 70% of proportional debt is non-recourse 20,858 l Proportional non-recourse debt characteristics: 16,993 57% at generation businesses w Average remaining life of 12 years w…
Reduced 2015-2018 Parent Debt Maturities from 840 Million to 181 Million in Millions Prepaid 315 Million & Refinanced Majority of Near-Term Maturities with Long-Term Debt 4,836 4,417 525 151 164 181 2015 2016 2017 2018…
Reducing Complexity: Since September 2011, Exited 10 Countries in Millions Proceeds to AES Business Country Remarks September 2011- December 2012 2013 2014 2015 Total Atimus (Telecom) Brazil 284 284 Non-core asset; Paid down 197…
Expanding Access to Capital: Strategic Partners Have Invested 2.5 Billion in Our Subsidiaries in Millions Strategic Business Country Partner 2013 2014 2015 Total Mitsubishi Cochrane Chile Corporation 145 145 Antofagasta Alto…
Reconciliation of Full Year Adjusted PTC1 & Adjusted EPS1 FY 2014 FY 2013 in Millions, Except Per Share Amounts Per Share Per Share Net of NCI2 (Diluted) Net of Net of NCI2 (Diluted) Net of NCI2 and Tax NCI2 and Tax Loss (Income)…
Reconciliation of 2015 Guidance in Millions, Except Per Share Amounts 2015 Guidance Adjusted EPS1 1.25-1.35 Proportional Free Cash Flow1 1,000-1,350 Consolidated Net Cash Provided by Operating 1,900-2,700 Activities…
Definitions l Adjusted Earnings Per Share (a non-GAAP financial measure) is defined as diluted earnings per share from continuing operations excluding gains or losses of both consolidated entities and entities accounted for under the…
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