Skip to main content H1 2015 Results – Enel Investor Presentation | Shale Experts
Loading...
Pm

H1 2015 Results – Enel

Enel · Jul 30, 2015 · 62 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 – Enel – slide 1
    1H 2015 Results July 30, 2015
  2. H1 2015 Results – Enel – slide 2
    1H 2015 results Highlights of the period Enel Group Investor Relations Resilient EBITDA in a worse market environment Latam and Renewables: +15% and +6% respectively 40% of growth plan already addressed with 7.8 bn of assets in…
  3. H1 2015 Results – Enel – slide 3
    1H 2015 results Operational highlights Enel Group Investor Relations Installed capacity (GW) Net production (TWh) -8% +3% 96.1 140 88.8 136 37% Load factor 33% FY2014 1H 2015 1H 2014 1H 2015 Electricity distributed…
  4. H1 2015 Results – Enel – slide 4
    1H 2015 results Financial highlights (mn) Enel Group Investor Relations Revenues EBITDA +4% +2% 37,632 7,961 7,847 36,101 1H 2014 1H 2015 1H 2014 1H 2015 Group net income Net debt1 +10% +7% 1,833 39,849 37,383…
  5. H1 2015 Results – Enel – slide 5
    1H 2015 results Key pillars of strategic plan Enel Group Investor Relations 1 Cash costs: efficiencies offsetting growth and Operational efficiencies inflation Acceleration of capacity closure in Italy 2 2015 growth EBITDA…
  6. H1 2015 Results – Enel – slide 6
    1H 2015 results Industrial growth: achievement in the period Enel Group Investor Relations Networks Retail Renewables Conventional generation +0.3 mn end users +0.4 mn new customers in +0.3 GW in Mexico and Chile Project…
  7. H1 2015 Results – Enel – slide 7
    1H 2015 results Key pillars of strategic plan (bn) Enel Group Investor Relations Industrial growth Growth capex 1H15: by geography Growth capex 1H15: by business Italy 11% Renewables Latam RoW 1 51% 9% Growth capex 19% 1.7…
  8. H1 2015 Results – Enel – slide 8
    1H 2015 results Industrial growth: EBITDA (bn) Enel Group Investor Relations 90% of additional EBITDA in 1H15 Growth EBITDA by in regulated and quasi regulated Growth EBITDA business (1H15) activities Already covered…
  9. H1 2015 Results – Enel – slide 9
    1H 2015 results Key pillars of strategic plan Enel Group Investor Relations 1 800 mn already cashed in Slovenske Elektrarne 2 bn under execution two stage transaction minority stake sale by year end final exit upon completion…
  10. H1 2015 Results – Enel – slide 10
    1H 2015 results Latam reorganization: new corporate structure Enel Group Investor Relations Current Structure Post Transaction ENEL SpA ENEL SpA 100% 100% Enel Enel Iberoamrica Iberoamrica 60,6% 50.0% 60.6% 99.1%…
  11. H1 2015 Results – Enel – slide 11
    Corporate structure reorganization Business overview 1 Enel Group Investor Relations Enersis Chile Enersis Americas Capacity by technology: Capacity by technology2: Coal Installed capacity: Installed capacity: 2% Coal…
  12. H1 2015 Results – Enel – slide 12
    1H 2015 results Indicative transaction timeline Enel Group 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 BoDs EGMs to…
  13. H1 2015 Results – Enel – slide 13
    1H 2015 results Market context in the period Enel Group Investor Relations Electricity demand 1H14 1H15 +3.7% 1.9% +2.5% +0.4% -0.3% -1.0% -1.0% -2.8% Italy Spain Latam 1 East Europe2 Spot power prices /MWh 1H14 1H15…
  14. H1 2015 Results – Enel – slide 14
    1H 2015 results Forward sales Enel Group Investor Relations Italy Spain Latam 100% 80% 80% 70% 50% 25% 2015 2016 2015 2016 2015 2016 55 48 58 56 69 73 Hedged Average price /MWh Unhedged 13
  15. H1 2015 Results – Enel – slide 15
    1H 2015 results Operational highlights Enel Group Investor Relations Generation capacity (GW) Group production (TWh) -8% +3% +5.6 -2.8 +0.9 139.6 96.1 0.0 135.8 +0.1 -6.6 -1.0 +0.3 88.8 88.8 88.8 FY 2014 Nuclear…
  16. H1 2015 Results – Enel – slide 16
    1H 2015 results Operational highlights Enel Group Investor Relations Electricity distributed (TWh) Average end users (mn) +1% +0.5 +0.6 +0.3 205 +0.4 +0.1 204 -0.8 +0.9 60.6 61.1 88.8 1H 2014 Italy Iberia Latam Eastern…
  17. H1 2015 Results – Enel – slide 17
    1H 2015 results Reported and ordinary EBITDA evolution Enel Group Investor Relations +2% 0% 7,847 -1321 7,715 80 -107 7,688 2732 7,961 1H14 reported Extraordinary 1H14 ordinary Gross margin Opex 1H15 ordinary…
  18. H1 2015 Results – Enel – slide 18
    1H 2015 results Operational efficiencies: cash cost (mn) Enel Group Opex1 Investor Relations +3% -1% 4,167 4,282 4,259 4,274 Cash Cost 115 15 +4% +2% 5,390 5,505 5,605 5,620 115 15 1H14 One Off 1H 2014 1H 2015 One Off…
  19. H1 2015 Results – Enel – slide 19
    1H 2015 results Operational efficiencies: opex (mn) Enel Group Investor Relations +3% -1% 4,259 15 4,274 4,167 115 4,282 2,311 2,334 Personnel costs 2,270 2,265 External costs 2,387 2,445 2,388 2,427 Capitalized…
  20. H1 2015 Results – Enel – slide 20
    1H 2015 results Focus on efficiency (bn) Enel Group Investor Relations Opex evolution1 Opex by business Conventional -5% k/MW Generation -1% 44.6 42.5 0.08 -0.13 FY 2014 LTM 0.03 Networks -1% /client 4.28 4.26 58.4…
  21. H1 2015 Results – Enel – slide 21
    1H 2015 results Operational efficiency: focus on maintenance Enel Group capex (mn) Investor Relations Conventional Generation +27% Maintenance capex1 392 308 +10% 1,346 1H14 1H15 1,223 Networks +5% 767 805 1H14…
  22. H1 2015 Results – Enel – slide 22
    1H 2015 results Group ordinary EBITDA (mn) Enel Group Investor Relations +0% 7,715 -116 +306 +57 -238 7,688 -36 1 1H 2014 Global Global Global Retail Other 1H 2015 Infrastructure Generation & Renewables & Networks…
  23. H1 2015 Results – Enel – slide 23
    1H 2015 results Group ordinary EBITDA (mn) Enel Group Investor Relations 0% 7,715 +183 -115 +57 -21 7,688 -403 +272 1H 2014 Italy Iberia Latam East Renewables Other 1H 2015 Europe 22
  24. H1 2015 Results – Enel – slide 24
    1H 2015 results From ordinary EBITDA to Net ordinary Income(mn) Enel Group Investor Relations 7,688 2,877 4,811 1,269 1,184 754 1,604 Ordinary D&A EBIT Net financial Income taxes Minorities Group net EBITDA expenses…
  25. H1 2015 Results – Enel – slide 25
    1H 2015 results Debt and financial expenses Enel Group Investor Relations Gross and Net Debt (mn) Net Financial expenses on debt (mn) -5% -4% 6.0% 5.0% 4.8% 57,032 5.0% 54,347 13,088 9,427 1,375 4.0% 6,561…
  26. H1 2015 Results – Enel – slide 26
    1H 2015 results Net free cash flow (mn) Enel Group Investor Relations 7,688 -647 -1,763 -635 -1,620 3,023 -3,092 -69 -1,987 -2,056 2 3 4 Provisions 1 Ordinary Working Income Financial FFO Capex Free Net dividend Net…
  27. H1 2015 Results – Enel – slide 27
    1H 2015 results Net debt evolution (mn) Enel Group Investor Relations +2,4662 +1,4163 Jun 30, 2015 on Dec 31, Extraordinary Jun 30, Asset held continuing 2014 Net free cash flow activities 2015 Fx effect for sale…
  28. H1 2015 Results – Enel – slide 28
    1H 2015 results Closing remarks Enel Group Investor Relations Latam restructuring: defined timetable with expected completion in 2H16 Slovenske Elektrarne: preferred bidder to be selected soon Transaction framework already…
  29. H1 2015 Results – Enel – slide 29
    Financial and operational annexes
  30. H1 2015 Results – Enel – slide 30
    1H 2015 results Market context in the period Enel Group Investor Relations Brent /bbl Coal /ton CO2 /ton 109 77 7.2 60 7 63 58 60 5.9 1H14 1H15 FY15E 1H14 1H15 FY15E 1H14 1H15 FY15E Average FX USD/ Average FX CLP/…
  31. H1 2015 Results – Enel – slide 31
    1H 2015 results Capex1 (mn) Enel Group Investor Relations By activity By business By region Growth Networks 1.746 1.132 Iberia 37% Latam 44% 12% 56% 3,092 3,092 3,092 44% Generation2 29% 31% 24% 893 Italy 11%…
  32. H1 2015 Results – Enel – slide 32
    Financial annexes: 1H 2015 Gross debt maturity profile and structure (bln) Enel Group Investor Relations Debt maturity Interest rate composition Floating Maturity 22% < 2017 24% 76% 78% Fixed + Maturity Hedged 2017…
  33. H1 2015 Results – Enel – slide 33
    1H 2015 results Group recurring EBITDA analysis (mn) Enel Group Investor Relations By responsibility By business East Europe Latam Networks 392 1,437 18% 44% 5% 24% Italy2 7,9611 Iberia 7,9611 3,137 39% 1,969 28% 14%…
  34. H1 2015 Results – Enel – slide 34
    1H 2015 results EBITDA Global Infrastructure & Networks (mn) Enel Group Investor Relations -3% 3,655 -288 +149 -1 3,539 +24 Italy Italy 2,095mn 1,807 mn Iberia Iberia 882mn 906 mn Latam Latam 558mn 707 mn East…
  35. H1 2015 Results – Enel – slide 35
    1H 2015 results EBITDA Global Generation & Trading (mn) Enel Group Investor Relations +21% +622 +69 -114 2,247 1,850 -180 Italy Italy 558 mn2 738 mn1 Iberia Iberia 33 mn 655 mn Latam Latam 705 mn 774 mn East…
  36. H1 2015 Results – Enel – slide 36
    1H 2015 results EBITDA Renewables (mn) Enel Group Investor Relations +21% 889 +59 +81 +49 1,078 145 194 85 166 North America Latin America 659 Europe 1 7181 1H14 Europe Latin North America 1H15 America 1. Net of…
  37. H1 2015 Results – Enel – slide 37
    1H 2015 results EBITDA Italy (mn) Enel Group Investor Relations -9% 3,449 -180 -288 +134 +22 3,137 Generation Generation 738 mn 558 mn Networks Networks 2,095 mn 1,807 mn Retail Retail 560 mn 694 mn Other Other…
  38. H1 2015 Results – Enel – slide 38
    1H 2015 results EBITDA Latam (mn) Enel Group Investor Relations +14% +149 -35 1,437 1,254 +69 Peru 239 mn Peru Colombia 207 mn 502 mn Colombia 522 mn Chile 313 mn Chile 228mn Brazil 285 mn Brazil 309 mn Argentina…
  39. H1 2015 Results – Enel – slide 39
    1H 2015 results EBITDA Iberia(mn) Enel Group Investor Relations +16% +622 +24 -371 -3 1,969 1,697 Generation Generation 655 mn 33 mn Distribution 882 mn Distribution 906 mn Retail 761 mn Retail Other 390 mn 21 mn…
  40. H1 2015 Results – Enel – slide 40
    1H 2015 results EBITDA East Europe (mn) Enel Group Investor Relations -23% 507 -91 -9 -19 4 392 Russia 186 mn Russia 95 mn Romania 147 mn Romania 138 mn Slovakia 186 mn Slovakia 167 mn Other -12mn Other -8mn…
  41. H1 2015 Results – Enel – slide 41
    1H 2015 results EBITDA matrix (mn) Enel Group Investor Relations Global Global Services & Generation & Infrastructure & Renewables Retail TOT Other Trading Networks 1H15 1H14 1H15 1H14 1H15 1H14 1H15 1H14 1H15 1H14 1H15 Italy…
  42. H1 2015 Results – Enel – slide 42
    Financial annexes: 1H 2015 Debt Structure by Instrument Enel Group Investor Relations Third Parties view Eastern Debt by instrument Enel Spa EFI Italy Iberia Latam Renewables Europe & Total Other Bonds 17.65 19.30 - 0.13 3.77…
  43. H1 2015 Results – Enel – slide 43
    Financial annexes: 1H 2015 Debt maturity coverage Enel Group Investor Relations 27.4 22.4 Long term committed credit lines1 13.0 8.2 4.8 7.0 5.1 1.9 Short term 3.5 Cash 9.4 Long term 4.7 1H 2015 < 2H 2016 2H 2016…
  44. H1 2015 Results – Enel – slide 44
    1H 2015 Balance sheet Enel Group Investor Relations FY14 mn 1H15 % restated Net financial debt 39,849 37,383 6.6% Shareholders equity 53,380 51,145 4.4% Net capital employed 93,229 88,528 5.3% 43
  45. H1 2015 Results – Enel – slide 45
    1H 2015 Italy Enel Group Investor Relations Generation & Trading Infrastructure & Network Retail Other and Ellision TOTAL 1H14 1H14 1H14 1H14 1H14 mn 1H15 % 1H15 % 1H15 % 1H15 % 1H15 % restated restated restated restated…
  46. H1 2015 Results – Enel – slide 46
    1H 2015 Iberia Enel Group Investor Relations Generation & Trading Infrastructure & Network Retail Other TOTAL 1H14 1H14 1H14 1H14 1H14 mn 1H15 % 1H15 % 1H15 % 1H15 % 1H15 % restated restated restated restated restated Revenues…
  47. H1 2015 Results – Enel – slide 47
    1H 2015 Latam Enel Group Investor Relations 1H14 mn 1H15 % restated Revenues 5,406 4,492 20.3% EBITDA 1437 1254 14.6% EBIT 948 804 17.9% Capex 791 519 52.4% Headcount 12,422 12,301 1.0% 1. Data refers to FY2014 46
  48. H1 2015 Results – Enel – slide 48
    1H 2015 - Focus on Latam Chile Enel Group Investor Relations Generation & Trading Infrastructure & Network Other TOTAL 1H14 1H14 1H14 1H14 mn 1H15 % 1H15 % 1H15 % 1H15 % restated restated restated restated Revenues 1,040 746…
  49. H1 2015 Results – Enel – slide 49
    1H 2015 - Focus on Latam Brazil Enel Group Investor Relations Generation & Trading Infrastructure & Network Other TOTAL 1H14 1H14 1H14 1H14 mn 1H15 % 1H15 % 1H15 % 1H15 % restated restated restated restated Revenues 190 259…
  50. H1 2015 Results – Enel – slide 50
    1H 2015 - Focus on Latam Colombia Enel Group Investor Relations Generation & Trading Infrastructure & Network Other TOTAL 1H14 1H14 1H14 1H14 mn 1H15 % 1H15 % 1H15 % 1H15 % restated restated restated restated Revenues 456 458…
  51. H1 2015 Results – Enel – slide 51
    1H 2015 - Focus on Latam Peru Enel Group Investor Relations Generation & Trading Infrastructure & Network Other TOTAL 1H14 1H14 1H14 1H14 mn 1H15 % 1H15 % 1H15 % 1H15 % restated restated restated restated Revenues 283 253…
  52. H1 2015 Results – Enel – slide 52
    1H 2015 - Focus on Latam Argentina Enel Group Investor Relations Generation & Trading Infrastructure & Network Other TOTAL 1H14 1H14 1H14 1H14 mn 1H15 % 1H15 % 1H15 % 1H15 % restated restated restated restated Revenues 134 109…
  53. H1 2015 Results – Enel – slide 53
    1H 2015 Renewables Enel Group Investor Relations 1H14 mn 1H15 % restated Revenues 1,593 1,365 16.7% EBITDA 1078 889 21.3% EBIT 697 618 12.8% Capex 973 641 51.8% Headcount 4,157 3,609 15.2% 1. Data refers to FY2014…
  54. H1 2015 Results – Enel – slide 54
    1H 2015 East Europe Enel Group Investor Relations Slovakia Russia Romania Other TOTAL 1H14 1H14 1H14 1H14 1H14 mn 1H15 % 1H15 % 1H15 % 1H15 % 1H15 % restated restated restated restated restated Revenues 1,172 1,217 -3.7% 547…
  55. H1 2015 Results – Enel – slide 55
    1H 2015 Other Enel Group Investor Relations Hoding Upstream TOTAL 1H14 1H14 1H14 mn 1H15 % 1H15 % 1H15 % restated restated restated Revenues 281 309 -9.1% 3 81 -96.3% 284 390 -27.2% EBITDA -49 -21 -3 71 -52 50 EBIT -62…
  56. H1 2015 Results – Enel – slide 56
    1H 2015 Capex by business area (mn)1 Enel Group Investor Relations +14,2% 2,837 16 n.s. 2,485 6 973 +51.8% 641 S&H Renewables 519 Latam 791 +52.4% Iberia 327 East Europe 356 +8.9% Italy 422 85 -79.9% 570 616…
  57. H1 2015 Results – Enel – slide 57
    1H 2015 results: operational annexes Production mix (TWh) -3.9% Enel Group Investor Relations 35.9 34.5 0.5% 0.4% 7.1% 8.6% Group production mix 47.0% 51.2% Italy +2.8% 9.7% 10.6% 135.8 35.7% 139.6 29.2% 10.5% 10.1%…
  58. H1 2015 Results – Enel – slide 58
    1H 2015 Group total net installed capacity1 Breakdown by source and location Enel Group Investor Relations Large Hydro Other Nuclear Coal CCGT Oil&Gas TOTAL MW Hydro EGP renewables ST/OCGT 10,892 1,512 1,662 - 6,478 5,199 5,066…
  59. H1 2015 Results – Enel – slide 59
    1H 2015 Group total net production1 Breakdown by source and location Enel Group Investor Relations Large Hydro Other Nuclear Coal CCGT Oil&Gas TOTAL GWh Hydro EGP renewables ST/OCGT Italy 6,630 3,466 3,653 - 17,660 2,959 142…
  60. H1 2015 Results – Enel – slide 60
    1H 2015 Enel Green Power net installed capacity: Breakdown by source and location Enel Group Investor Relations Hydro Geothermal Wind Other TOTAL MW Italy 1,513 761 720 139 3,133 Iberia 43 - 1,741 52 1,836 Latam 732 -…
  61. H1 2015 Results – Enel – slide 61
    1H 2015 Enel Green Power net production Breakdown by source and location Enel Group Investor Relations Hydro Geothermal Wind Other TOTAL GWh Italy 3,466 2,876 691 82 7,115 Iberia 51 - 2,157 109 2,317 Latam 1,773 - 1,209…
  62. H1 2015 Results – Enel – slide 62
    Contact us Enel Group Investor Relations Investor Relations Team (investor.relationsenel.com) Tel. +39 06 8305 7975 Visit our website at: www.enel.com (Investor Relations) 61

From the store

Browse maps, data & reports in the Shale Experts store