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JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa

Endesa Generacion Sa · Jul 28, 2015 · 25 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. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 1
    Endesa 1H 2015 Results Madrid, 28 July 2015
  2. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 2
    Agenda 1. Highlights and key financial figures 2. Market context and regulatory update 3. Financial results and net debt analysis 4. Business analysis 5. Final remarks 2 1H 2015 Results Madrid, 28 July 2015
  3. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 3
    Agenda 1. Highlights and key financial figures 2. Market context and regulatory update 3. Financial results and net debt analysis 4. Business analysis 5. Final remarks 3 1H 2015 Results Madrid, 28 July 2015
  4. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 4
    Highlights 13% production increase due to higher thermal output (+46%) (1) Positive EBITDA growth (+16%) and Net income evolution (+17%) Regulated business positive evolution driven by non-mainland generation Liberalized…
  5. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 5
    Key financial figures M 1H 2015 1H 2014 Change EBITDA 1,934 1,663 +16% Net attributable 870 743 +17% income M 1H 2015 FY 2014 Change Net debt 4,992 5,420 -8% Strong cash flow generation 1H 2015 Results 5 Madrid, 28…
  6. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 6
    Agenda 1. Highlights and key financial figures 2. Market context and regulatory update 3. Financial results and net debt analysis 4. Business analysis 5. Final remarks 6 1H 2015 Results Madrid, 28 July 2015
  7. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 7
    Market context in 1H2015 Demand Electricity wholesale prices Weighted average pool prices Spain(3) (/MWh) Spain(1) Endesa distribution area(2) (Not adjusted) +3.1% +52% 52.3 48 Industry +2.1% +1.9% +1.1% Services +2.3% 32…
  8. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 8
    Regulatory update Latest regulatory news (I) New draft Ministerial Order with standard unitary values for investment and O&M Distribution Allegation period still open From first assessment neutral impact Domestic coal: 3rd Draft…
  9. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 9
    Regulatory update Latest regulatory news (II) and CNMC settlements Decrease in customers capacity payments: 250 M annual reduction of system revenues Equivalent to 2.1% average reduction in the electricity bill in 2015 RDL…
  10. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 10
    Agenda 1. Highlights and key financial figures 2. Market context and regulatory update 3. Financial results and net debt analysis 4. Business analysis 5. Final remarks 10 1H 2015 Results Madrid, 28 July 2015
  11. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 11
    Financial results M P&L positive evolution: (+) Other Operating Results (CO2 transaction), 162 M provision booked in 1H 2014 in non-mainland Gx, fixed costs containment and lower D&A (-) Normalization of weather conditions,…
  12. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 12
    Net debt analysis Net debt evolution Net debt (1) / 1.8x 1.5x(2) EBITDA ratio M 5,420 Regulatory 4,992 working capital 1,173 21 Regulatory 1,194 402 672 working capital 385 Year 2014: +21 M cashed in from settlements 10-…
  13. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 13
    Agenda 1. Highlights and key financial figures 2. Market context and regulatory update 3. Financial results and net debt analysis 4. Business analysis 5. Final remarks 13 1H 2015 Results Madrid, 28 July 2015
  14. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 14
    1H 2015 EBITDA breakdown 1H 2014 1H 2015 %(1) % M Change (%) M Generation & +8% Generation & 49% 834 902 47% Supply Supply Distribution 51% 867 +1% 875 45% Distribution Non-mainland 157 8% generation Non-mainland 1…
  15. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 15
    Regulated business Gross margin evolution of non-mainland Gx and Dx +17% 1,512 M 18 Non- 1,289 205 306 mainland Non- generation 101 mainland generation 1,494 1,289 1,206 Distribution 1,188 Distribution Margen 1H 2014…
  16. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 16
    Liberalized business Gross margin evolution +3% M 1,356 40 1,396 1H 2014 1H 2015 Gross margin(1) Gross margin(1) Higher fuel costs (higher thermal gap) Higher underlying selling price Gas Business CO2 swap transaction…
  17. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 17
    Fixed costs evolution -1% M -4% 982 997 974 15 (1) 954 (2) 20 Personnel 439 474 -8% Costs 436 458 1050 1004 -2% O&M Costs 611 582 568 566 Capitalized costs -68 -59 -50 -50 1H 2014 1H 2014 1H 2015 1H 2015 Reported…
  18. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 18
    Liberalized business Energy management Mainland output 1H 2015 energy management Electricity sources Electricity sales GWh 49.5 TWh 49.5 TWh +13% 29,471 26,196 1,457 CCGT 605 SCVP purchases(1) 9 9 SCVP sales(1) 7,064 Imported…
  19. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 19
    Agenda 1. Highlights and key financial figures 2. Market context and regulatory update 3. Financial results and net debt analysis 4. Business analysis 5. Final remarks 19 1H 2015 Results Madrid, 28 July 2015
  20. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 20
    Final remarks 1H 2015 Results 20 Madrid, 28 July 2015
  21. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 21
    Appendix Endesa 1H 2015 Results 1H 2015 Results Madrid, 28 July 2015
  22. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 22
    Installed capacity and output(1) GW at 30/06/15 GWh 1H 2015 (and chg. vs. 30/06/14) Installed capacity(2) (and chg. vs. 1H 2014) Output(3) Total 21.2 -2% 35,332 +10.5% Hydro 4.7 +1% 4,680 -14% Nuclear 3.3 0% 12,913 +3% Coal…
  23. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 23
    Endesa: financial debt maturity calendar Gross balance of maturities outstanding at 30 June 2015: 5,937 M(1) Bonds Bank debt and others ECPs and domestic commercial paper (2) 3,602 1,046 3,570 Endesa's liquidity covers 35 569…
  24. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 24
    Gross debt structure as of June 30th 2015 Structure of Endesa's gross debt M 5,658 5,658 Floating 37% Euro 100% Fixed 63% US 40% By interest rate By currency Average cost of debt 3.0% 1H 2015 Results 24 Madrid,…
  25. JULY 2015 INVESTOR PRESENTATION – Endesa Generacion Sa – slide 25
    Endesa Mobile Get full information of the company on Endesa Mobile, the Endesa App for iPhone, iPad and Android devices. Download from Download from App Store Google Play 1H 2015 Results 27 Madrid, 28 July 2015

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