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H1 2015 RESULTS – Enersis

Enersis · Jul 28, 2015 · 30 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. H1 2015 RESULTS – Enersis – slide 1
    Enersis: corporate reorganization update and 1H 2015 results July 28 , 2015
  2. H1 2015 RESULTS – Enersis – slide 2
    Enersis Investor Relations Corporate Reorganization Update 2
  3. H1 2015 RESULTS – Enersis – slide 3
    Corporate structure reorganization Objectives of the transaction under analysis Enersis Investor Relations To Simplify the organizational structure and to accelerate the decision process. To simplify the To create a focused…
  4. H1 2015 RESULTS – Enersis – slide 4
    Corporate structure reorganization Business overview 1 Enersis Investor Relations Chile Rest of Latam Capacity by technology2: Capacity by technology: Installed capacity: Installed capacity: Coal 6,351 MW Coal 10,517 MW 2%…
  5. H1 2015 RESULTS – Enersis – slide 5
    Corporate structure reorganization Description of the transaction under analysis Enersis Investor Relations This Transaction would be carried out through the following corporate transactions: EXECUTION STRUCUTRE 1. Spin-offs…
  6. H1 2015 RESULTS – Enersis – slide 6
    Corporate structure reorganization Pro-forma corporate structure Enersis Investor Relations Current Structure Post Transaction Chilean Latam1 investment Pure Chilean Group vehicle Enersis 99.1% 60.0% Enersis Enersis Chile…
  7. H1 2015 RESULTS – Enersis – slide 7
    Corporate structure reorganization SVS requirements Enersis Investor Relations In accordance with the Oficio n 15443 notified by the Chilean stock Exchange regulator (SVS) on July 20th 2015: Neither the spin-offs, nor the merger,…
  8. H1 2015 RESULTS – Enersis – slide 8
    Corporate structure reorganization Indicative transaction timeline Enersis Investor Relations Preparation of transaction reports Spin-off process: 3 months Merger process: 6 months BoDs to decide on EGMs to vote spin- Merger of…
  9. H1 2015 RESULTS – Enersis – slide 9
    Enersis Investor Relations 1H2015 Enersis results 9
  10. H1 2015 RESULTS – Enersis – slide 10
    1H 2015 results Highlights of the period Enersis Investor Relations 1H15 EBITDA increased by about 8% reaching 1,606 mnUSD. Net income attributable to Enersis shareholders increased by 51% reaching 463 mnUSD. New generation…
  11. H1 2015 RESULTS – Enersis – slide 11
    1H 2015 results Market context in the period Enersis Investor Relations Enersis Demand growth (%)1 Spot prices (US/MWh) 298 5.9% 4.0% 4.2% 4.6% 4.1% 1H 2014 176 1H 2015 149 137 129 2.2% 2.3% 1.7% 1.4% 78 1.2% 37 26 15 14…
  12. H1 2015 RESULTS – Enersis – slide 12
    1H 2015 results Enersis operational highlights Enersis Investor Relations Installed capacity (MW) Net production (GWh) + 0,9% + 2,6% (1) (1) 16.733 16.888 28.410 29.154 Hydro 6.978 7,089 Oil-Gas 872 872 Coal 8.797 8,841 1H14…
  13. H1 2015 RESULTS – Enersis – slide 13
    1H 2015 results Regulation relevant updates during the period Enersis Investor Relations Dx: MMC costs recognition: In January 2015 , +70 USmn Argentina Resolution 32: Since February 1st . It will cover current expenses of…
  14. H1 2015 RESULTS – Enersis – slide 14
    1H 2015 results Financial highlights (US mn1) Enersis Investor Relations Revenues EBITDA + 11% + 8% 6,024 1,491 1,606 5,438 1H 14 1H 15 1H 14 1H 15 Attributable Net Income Net Debt2 + 51% + 29% 463 4.011 308 3.113…
  15. H1 2015 RESULTS – Enersis – slide 15
    1H 2015 results Group EBITDA evolution by country (US mn) Enersis Investor Relations + 8% + 104 + 124 1,606 1,491 + 13 - 59 - 68 1H 14 Chile Brazil Colombia Peru Argentina 1H 15 +43,1% yoy -15,8% yoy -10,7% yoy +5,3% yoy…
  16. H1 2015 RESULTS – Enersis – slide 16
    1H 2015 results Group EBITDA analysis (US mn) Enersis Investor Relations By Country By business Distribution 722 Brazil Colombia 35% 318 568 20% 55% 1.606 1.606 45% 7% Argentina 109 21% 17% Generation Chile 884 345…
  17. H1 2015 RESULTS – Enersis – slide 17
    1H 2015 results From EBITDA to Group net income (US mn1) Enersis Investor Relations 1.606 1.197 - 409 + 24 - 139 742 245 attributable - 340 to owners 463 - 279 EBITDA D&A EBIT Financial Non Operating Income Group net…
  18. H1 2015 RESULTS – Enersis – slide 18
    1H 2015 results Capex (US mn)1 Enersis Investor Relations By activity By country By business Maintenance Distribution 42% 58% 22% Brazil Colombia 54% 743 743 743 46% 42% 7% 18% 11% Argentina Growth Chile Peru…
  19. H1 2015 RESULTS – Enersis – slide 19
    1H 2015 results Free cash flow (US mn) Enersis Investor Relations FCF 1.606 - 515 - 248 - 177 270 - 396 EBITDA Taxes NWC & Financial Maintenance 1 FFO Growth Capex 1 Dividends 2 FCF Paid Others Expenses Capex FCF -…
  20. H1 2015 RESULTS – Enersis – slide 20
    1H 2015 results Net debt evolution (USmn) Enersis Investor Relations + 29% (1) Extraordinary (2) FY14 Cash Flow Activities FX Effect 1H15 3.113 +158 + 19 - 1.075 4.011 1. As of 31 Dic. 2014 2. Net debt include cash…
  21. H1 2015 RESULTS – Enersis – slide 21
    1H 2015 results Debt and financial expenses Enersis Investor Relations Average cost of gross debt Average residual maturity (years) 6.3 5.9 8.1 8,3 8.4 5.5 8.1 8.3% 8.4 8.1% 8.3% 2013 2014 1H 2015 2013 2014 1H 2015 Average…
  22. H1 2015 RESULTS – Enersis – slide 22
    Enersis Investor Relations Exhibits 22
  23. H1 2015 RESULTS – Enersis – slide 23
    Operating Exhibits 1H 2015 Business context in 1H 2015 v/s 1H 2014 Enersis Investor Relations Electricity Demand Spot Price Gx Output Dx Sales Gx Ebitda Dx Ebitda (%) (US/MWh) ( TWh ) ( TWh ) ( MM US ) ( MM US ) Clients in Dx:…
  24. H1 2015 RESULTS – Enersis – slide 24
    Operating Exhibits 1H 2015 Net installed capacity: Breakdown by source and geography Enersis Investor Relations MW Hydro Oil-Gas Coal NCRE Total Chile 3.456 2.173 636 87 6.351 Colombia 2.615 208 236 0 3.059 Peru 776 1.193 0 0…
  25. H1 2015 RESULTS – Enersis – slide 25
    Operating Exhibits 1H 2015 Total net production: Breakdown by source and geography Enersis Investor Relations GWh Hydro Oil-Gas Coal NCRE Total Chile 4.352 3.538 714 86 8.691 Colombia 6.073 46 523 0 6.642 Peru 2.630 1.726 0 0…
  26. H1 2015 RESULTS – Enersis – slide 26
    Operating Exhibits 1H 2015 Production mix (GWh) Enersis Investor Relations LatAm Chile Colombia + 2,6% (2) + 6,4% (3) + 8,6% (1) 28.410 29.154 8.166 8.691 6.113 6.642 9.5% 8,2% 8.4% 7,9% 4,5% 4,2% 43,0% 42,8% 35.9% 40,7%…
  27. H1 2015 RESULTS – Enersis – slide 27
    Operating Exhibits 1H 2015 Distribution companies Enersis Investor Relations Energy Energy Current City, Concession Next tariff Distributor Clients sold losses regulatory return Country area (km) revision (GWh) (%) (pre-tax,…
  28. H1 2015 RESULTS – Enersis – slide 28
    Operating Exhibits 1H 2015 Debt structure, liquidity and credit profile Enersis Investor Relations Debt structure (US mn) Dec. 14 Jun. 15 % Long-term 5.421 4.831 -10,9% Short-term 695 865 24,5% Cash 1 3.003 1.685 -43,9% Net debt…
  29. H1 2015 RESULTS – Enersis – slide 29
    1H 2015 results IR Team Enersis Investor Relations Pedro Caamero, Head of IR +56 2 2353 4682 Denisse Labarca +56 2 2353 4576 Jorge Velis +56 2 2353 4552 Manuel Aragn +56 2 2353 4681 Carmen Poblete +56 2 2353 4447 Mara Luz…
  30. H1 2015 RESULTS – Enersis – slide 30

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