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Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp.

Energy Development Corp. · Nov 12, 2014 · 18 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. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 1
    Energy Development Corporation Earnings Call on YTD 3Q 2014 Financial and Operating Results November 12, 2014
  2. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 2
    TABLE OF CONTENTS Page 1 Review of YTD 3Q 2014 Financial Results 49 2 Growth Projects 10 13 3 Review of Financial Highlights by Asset 13 18
  3. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 3
    SIGNIFICANT EVENTS THAT AFFECTED YTD 3Q 2014 FINANCIAL RESULTS Reported revenues generated by Units 1, 2 &3 (P2,146 million) Bacman NNGPs impairment recovery, net of 10% tax (P1,847 million) NNGP Reported revenues following…
  4. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 4
    EDC CONSOLIDATED REVENUES CONSOLIDATED REVENUES INCREASED BY PHP3.1 B DUE TO HIGHER CONTRIBUTIONS FROM THE COMMISSIONING OF BACMAN AND NASULO POWER PLANTS In PHP Billions +15.6% 23.2 23.3 22.4 22.8 21.9 0.4 0.1 (0.4) 0.5 0.4…
  5. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 5
    EDC CONSOLIDATED REVENUES REVENUES DECLINED BY 4% QUARTER-ON-QUARTER AS BACMAN PLANTS GO ON UNPLANNED OUTAGE Revenues, in PhP Mn 9M14 9M13 Y/Y 3Q14 2Q13 Q/Q Total EDC 22,982 19,783 16% 7,755 8,089 -4% Leyte 8,374 8,245 2%…
  6. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 6
    EDC CONSOLIDATED RNI CONSOLIDATED RECURRING NET INCOME INCREASED BY PHP1.6 BILLION DUE MAINLY TO HIGHER REVENUES PARTIALLY OFFSET BY HIGHER OPERATING EXPENSES In PHP Billions +25.0% 9.9 9.5 0.4 9.0 0.5 (1.4) 8.5 0.5 (0.4)…
  7. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 7
    EDC CONSOLIDATED CASH FLOW PROJECT FINANCING WILL PRETERMINATE THE BRIDGE LOAN AND REPLENISH CASH RESOURCES ADVANCED FOR BURGOS WIND PROJECT In Php Billions -15.6% 34.9 CASH BALANCE ( 3.6) 28.3 6.6 (2.5) 31.3 28.8 12.3…
  8. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 8
    YTD 3Q 2014 FINANCIALS RATIOS DEBT-TO EQUITY IMPROVED WHILE BOTH CURRENT RATIO AND NET DEBT-TO-EBITDA WEAKENED Current Ratio Debt-to-Equity Net Debt-to-EBITDA* Sept. 2014 1.40 Sept. 2014 1.45 Sept. 2014 2.95 Sept. 2013…
  9. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 9
    UPDATE ON GROWTH PROJECTS
  10. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 10
    BACMAN PLANT UNITS 1, 2 & 3 ALL BACMAN UNITS HAVE RETURNED TO SERVICE; THE 2ND TOSHIBA UNIT IS ALREADY IN COUNTRY ON TRACK FOR INSTALLATION BY 1Q 2015 UNIT 1 Milestones UNIT 2 Milestones UNIT 3 Milestones Operating on…
  11. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 11
    BURGOS FIT TIMETABLE DOE ISSUES CERTIFICATE OF ENDORSEMENT (COE) FOR FIT EIGIBILITY TO THE BURGOS WIND PROJECT FiT Rules: FiT Eligibility = Achievement of Successful Commissioning Successful Commissioning = RE Plant is physically…
  12. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 12
    REVIEW OF FINANCIAL HIGHLIGHTS BY ASSET
  13. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 13
    UNIFIED LEYTE NET INCOME FROM UNIFIED LEYTE INCREASED DUE TO HIGHER REVENUES AND OTHER INCOME MAINLY FROM FOREX GAIN Revenues Net Income (Php Million) (Php Million) Ave. Tariff 129 958 (Php/KWh) Php372 Million Sept. 2014…
  14. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 14
    MINDANAO I & II REVENUES AND NET INCOME FROM MINDANAO I & II INCREASED DUE TO HIGHER TARIFF AND VOLUME AND THE ABSENCE OF SHORTFALL ADJUSTMENT IN 2014 Revenues Net Income (Php Million) (Php Million) Ave. Tariff 364 160…
  15. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 15
    GCGI (TONGONAN & PALINPINON) GCGIs INTEGRATED REVENUE AND NET INCOME INCREASED DUE TO HIGHER REVENUES AND FOREX GAIN, PARTIALLY OFFSET BY HIGHER OPEX YTD 3Q 2014 Revenues (Php Million) Revenues Net Income WESM (Php Million) (Php…
  16. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 16
    BGI (BACMAN) HIGHER REVENUES RESULTED TO HIGHER NET INCOME FOR BACMAN YTD 3Q 2014 Revenues (Php Million) Revenues Net Income (Php Million) (Php Million) WESM Contracted 2,146 1,132 1,120 1,026 52% 48% 267 Sept. 2014 2,146…
  17. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 17
    FG HYDRO (PANTABANGAN-MASIWAY) FG HYDROS NET INCOME DECREASED DUE TO LOWER REVENUES BROUGHT BY LOWER SALES VOLUME AND ADJUSTMENT IN 2013 WESM PRICES YTD 3Q 2014 Revenues (Php Millions) Revenues Net Income (Php Million) (Php…
  18. Earnings Call on YTD 3Q 2014 Financial and Operating Results – Energy Development Corp. – slide 18
    END OF PRESENTATION www.energy.com.ph

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