The AES Corporation Second Quarter 2015 Financial Review August 10, 2015
Decline in Power Consumption in Brazil is In Line with Our Prior Expectations l Largely a result of: Expected 2% contraction in GDP High electricity prices as a result of below normal hydrology l Forecasting negative 4%…
Brazil Updates Eletropaulo Tariff Adjustment Brasiliana Restructuring l Secured approval for four-year tariff l Own various businesses with adjustment BNDES, the state-owned l Final outcome in line with development bank…
Update on Maritza in Bulgaria 690 MW Coal-Fired Maritza Plant l In April, signed a non-binding MoU with NEK, the offtaker to: Reduce the capacity payment to Maritza through 2026 when the PPA expires (0.03 annual Adjusted EPS1…
Leveraging Our Platforms: Year-to-Date 2015, Already Brought On-Line 87% Expected New Capacity of 1,515 MW 7,151 MW Expected to Come On-Line 2015-2018 1,851 793 2,992 1,312 203 247 77 270 2012 2013 2014 Year-to-Date…
Leveraging Our Platforms: 5,839 MW Under Construction Yield More Than 15% ROE1 77% of 5,839 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…
Commissioned Mong Duong 2 in Vietnam Six Months Early & Under Budget 1,240 MW Coal-Fired Mong Duong 2 Contains Forward-Looking Statements 11
World Leader in Battery-Based Energy Storage Growing Regulatory Support & Acceptance by Power Systems and Utilities l 86 MW of installed capacity l 70 MW under construction and expected on-line through 2016 Recently broke ground…
Forming a 50/50 Joint Venture with Grupo BAL in Mexico Poised to Take Advantage of Opening Energy Market l Grupo BAL one of the largest business groups in Mexico 11 billion market cap l Joint venture will exclusively co- invest…
Maximizing Risk-Adjusted Per Share Returns to Shareholders in Millions Returning 2 Billion to Shareholders 2012-2015 8% of Market Cap 701 440 452 277 331 119 144 424 301 321 308 2012 2013 2014 2015 Share Repurchases…
Q2 Financial Results: Andes SBU in Millions Adjusted PTC1 Decreased 23 - Timing of planned maintenance in Chile and 104 Argentina 81 - Weaker Colombian Peso Q2 2014 Q2 2015 Proportional Free Cash Flow1 Decreased 37 -…
Q2 Financial Results: MCAC SBU in Millions Adjusted PTC1 Increased 11 + Improved hydrology and commencement of 95 106 operations of the thermal power barge in Panama Q2 2014 Q2 2015 Proportional Free Cash Flow1 Increased…
Q2 Financial Results: Europe SBU in Millions Adjusted PTC1 Decreased 32 - Lower energy prices and timing of planned maintenance at Kilroot in the United Kingdom 73 - Favorable reversal of a liability in Kazakhstan 41 in 2014…
Q2 Financial Results: Asia SBU in Millions Adjusted PTC1 Increased 7 + Early commencement of operations at Mong Duong in Vietnam - Lower contributions from Masinloc due to the 23 30 sale of a minority interest in the second half…
Q2 Financial Results Summary in Millions Proportional Free Cash Flow1 Adjusted PTC1 Decreased 89 Increased 15 340 251 62 47 Q2 2014 Q2 2015 Q2 2014 Q2 2015 1. A non-GAAP financial measure. See Appendix for definition…
YTD Financial Results Summary in Millions Proportional Free Cash Flow1 Adjusted PTC1 Decreased 80 Increased 151 583 503 327 176 YTD 2014 YTD 2015 YTD 2014 YTD 2015 1. A non-GAAP financial measure. See Appendix for…
2015 Parent Capital Allocation Plan in Millions Discretionary Cash Sources Discretionary Cash Uses (1,600-1,700) (1,600-1,700) Target Closing 1,600- 475- 100 Cash Balance 1,700 Debt Prepayment4 575 45 104- Discretionary 204 Cash…
YTD 2015 Adjusted EPS Decreased 0.03 0.53 0.02 0.50 0.03 0.03 (0.05) (0.04) (0.02) 2015: + 0.03 Eletropaulo 2014: - (0.04) Sul - (0.01) Kazakhstan YTD 2014 Operations FX Other Tax New Asset Sales/ YTD 2015…
YTD Financial Results: US SBU in Millions Adjusted PTC1 Increased 7 + Better availability and lower fixed costs at DPL 155 162 - Lower generation across our wind portfolio YTD 2014 YTD 2015 Proportional Free Cash Flow1…
YTD Financial Results: Andes SBU in Millions Adjusted PTC1 Increased 15 157 172 + Higher spot sales in Chile + Higher generation at Chivor in Colombia + Higher interest on receivables in Argentina - Weaker Colombian Peso - Higher…
YTD Financial Results: MCAC SBU in Millions Adjusted PTC1 Decreased 4 160 156 - Lower margins and availability in the Dominican Republic - Lower availability in Mexico + Improved hydrology and commencement of operations of the…
YTD Financial Results: Europe SBU in Millions Adjusted PTC1 Decreased 62 188 - Lower energy prices and the timing of planned 126 maintenance at Kilroot in the United Kingdom - Sales of Ebute in Nigeria and wind businesses in the…
YTD Financial Results: Asia SBU in Millions Adjusted PTC1 Increased 11 + Early commencement of operations at Mong Duong in Vietnam 42 31 YTD 2014 YTD 2015 Proportional Free Cash Flow1 Decreased 39 - Sale of a minority…
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…
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