CORPORATE PRESENTATION
L a r r a í n V i a l 1 8 t h A n n u a l C o n f e r e n c e - M a r c h 2 0 2 4
ABOUT US
Overview
1 INSTALLED CAPACITY (%)
2
3
54% | 41% | 5% |
Thermoelectric | Hydroelectric | Solar |
MARKET SHARE (1)
Enel | 19% | Kallpa | |||
29% | 30% | Colbun | Enel | ||
33% | |||||
Engie | |||||
Aes Andes | |||||
16% | |||||
Engie | Electroperú | ||||
14% | 15% | 6% | Fenix | ||
Others | |||||
11% | 11% 15% | Others |
OWNERSHIP (%)
50% | 17% | 23% | 10% |
Matte | Pension | Free | Angelini |
Group | Funds | Float | Group |
Note: All figures as of Dec23.
1 Note: In terms of generation in the SEN in Chile and in the SEIN in Peru.
For more information about Colbun´s Boards of Directos go to Annexes slide 20. | 2 |
OUR STRATEGY
Summary
WE ADD VALUE TO
STRATEGIC
PILLARS
HOW TO
DO IT?
PURPOSE: We transform energy, in balance with the planet, to fuel your projects and dreams
Shareholders, Environment, Customers, Workers, Communities, Suppliers | ||||||
Core business | Expand our limits | New businesses | ||||
Asset | 24/7 | Customers | Energy | Growth and | Water | Green |
Optimization | Renewable | Solutions + | International | Hydrogen | ||
in the energy | Enabling | Diversification | ||||
transition | Energy | Transmission |
Commercial excellence | Personnel | Excellence in | New markets | Financing structure that |
and differentiating | development | regulatory | capabilities | maximizes value creation |
delivery model | management | development | and minimizes risks |
Long-term Sustainable Business Development (ESG)
Innovation
3
MARKET CONDITIONS
Markets Update
INSTALLED CAPACITY | LTM GENERATION |
GW | GWh |
DEMAND GROWTH
12 months average %
MARGINAL COST
US$/MWh
3%
20% | 29% Hydro | |||
Coal | ||||
83,659 | Gas and LNG | |||
12% | Diesel | |||
GWh | ||||
SEN | Wind | |||
35 GW | 1% | Solar | ||
18% | ||||
+ 4.0% y/y | 17% | Others | ||
11% | ||||
58,393 | Hydro | |||
LNG | ||||
SEIN | 45% | GWh | Others | |
14 GW | ||||
44% |
+ 2.0% y/y
4%
2%1,0%
0%
-2%
2023
4,1%
2023
260
210
160
110
60
10
260
210
160
110
60
10
Alto Jahuel
Cardones
Puerto Montt
46
35
2023
Santa Rosa
31
2023
For more information regarding the pipeline of projects in Chile and Peru go to Annexes slide 21 and 22.
For more information Colbun´s generation conditions and about fossil fuel prices go to Annexes slide 23 to 25. Note: All figures as of Dec23.
4
MARKET CONDITIONS
Regulatory Framework
LATEST CHANGES
1. Price stabilization mechanism for regulated client tariffs
Aims to avoid electricity tariffs increases to regulated clients
PEC 1 US$1,350 million limit reached in Feb22
Colbun sold US$145 million under this mechanism
PEC 2 US$1,800 million limit
Colbun has sold US$103 million under this mechanism
PEC 3 Fund increase to US$5,500 million Limit payment date extension (from 2032 to 2035)
UNDER DISCUSSION
1. Decarbonization process
Aims to accelerate the decommission of coal-fired facilities
2. Storage System tender
For a max of 500 MW
First stage: infrastructure storage tender
Second stage: service storage tender
5
MARKET CONDITIONS
Hydrological conditions in Chile
HYDROELECTRIC GENERATION (TWh)
SEN 2022
3 | Colbun 2022 Colbun 2023 |
2,5
2
1,5
1
0,5
0
Jan Febr Mar Apr May Jun Jul Aug Sep Oct Nov Dec
TOTAL (TWh) | Jan-Dec | Jan-Dec | Var (%) |
2022 | 2023 | ||
SEN | 20.3 | 23.9 | 18% |
COLBUN | 5.1 | 6.9 | 35% |
COLBUN'S ANNUAL HYDRO GENERATION (TWh)
+ 1.7 TWh | |||||
v/s 2022 | |||||
5.3 | |||||
6,8 | 6,9 | ||||
5,1 | 5,6 | 5,2 | |||
3,9 | |||||
2006 | 2019 | 2020 | 2021 | 2022 | 2023 |
Last 5 years average
For more information of Colbun reservoir levels and hydro generation go to Annexes slide 26. | 6 |
Note: All figures as of Dec23.
COMMERCIAL STRATEGY
Enhancing our core business
1
FLEXIBLE GAS CONTRACTS
3
GENERATION VS COMMITMENTS | ||||||||
LNG (ADP) (1) - firm | ||||||||
supply contract | TWh | 11.6 | 12.9 | |||||
Gas | ||||||||
12 | 10.9 | |||||||
10.3 | ||||||||
9.8 | Coal | |||||||
10 | ||||||||
Wind | ||||||||
2 | Argentine NG - firm | 8 | Solar | |||||
supply contract | ||||||||
6 | ||||||||
Hydro | ||||||||
4 | Regulated | |||||||
PPA | ||||||||
2 | Unregulated | |||||||
PPA | ||||||||
Gas purchases in the spot | 0 | |||||||
market | 2019 | 2020 | 2021 | 2022 | 2023 |
1 Note: Annual Delivery Programmed (ADP). | 7 |
COMMERCIAL STRATEGY
Enhancing our core business
1. SEGMENTATION BY INDUSTRY (1)
Retail
Agriculture
2. PPAs PROFILE
Health
3. RENEWABLE CERTIFICATES EVOLUTION
4,490 | 7,772 | |||||||
GWh | ||||||||
972 | 1,391 | GWh | ||||||
690 | GWh | 107 | ||||||
GWh | 92 | |||||||
GWh | 79 | |||||||
85 | 62 | N° of Clients | ||||||
46 | ||||||||
GWh | ||||||||
12 | ||||||||
2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
4. ENERGY SERVICES
TWh | Regulated Customers | ||
Unregulated Customers | 7 | ||
15 | |||
YEARS | |||
12 | |||
9 | Average | ||
6 | life | ||
3 |
0
2023 2024 2025 2026 2027
Note: All figures as of Dec23.
1 Note: In terms of physical sales (GWh/year).
Real Estate's Energy Efficiency Advisory & Certification | x47 |
Energy Management Systems | x19 |
Energy Monitoring & Controlling Services | x12 |
Utility Bill Management | x10 |
Distributed PV Energy | x2 |
Real State Electrification | x1 |
Electromobility | x1 |
8
COMMERCIAL STRATEGY
New contracts signed
NEW POWER/CAPACITY 2023
2024-2025: 230 GWh per year
2024 UPDATES
Chile
1.5
TWh
76
2026-2035: 650 GWh per year
2024-2035: 280 GWh per year
New energy
per year
363
Peru MW
New capacity
per year
Supply contracts 1
20
Supply
contracts
2025-2040: 912 GWh per year
2023: 121 MW per year
2024-2034: 114 MW per year
2026-2040: 1,1 TWh per year
9
1 Note: Associated to Centinela Project.
PIPELINE OF PROJECTS
24/7 Renewable Energy
INTI PACHA | HORIZONTE | |
1, 2 & 3 | ||
816 MW | ||
925 MW PV | ||
+ 400 - 500 MW | ||
CELDA SOLAR | STORAGE | DIEGO DE ALMAGRO |
420 MW PV | ||
200 MW STORAGE | ||
+ 240 MW | ||
STORAGE |
JARDÍN | STORAGE |
600 MW | |
SOLAR | 220 |
530 MW PV | MW |
+ 200 MW | |
STORAGE |
480 MW | 2,568 MW | |
PROGRESS | Preliminary | Prefeasibility (1) |
studies | ||
STAGE | 816 MW | 1,731 MW |
Construction | Environmentally | |
approved |
JUNQUILLOS
360 MW
200 MW PV | 260 | 360 MW |
+ 128 MW | MW | CUATRO VIENTOS |
STORAGE |
2.0 GW
Wind farms
For more details go to Annexes slides 29 to 34.
1 Note: Considers BESS with environmental approval.
Note: Figure as of Jan24.
1.8 GW | 1.8 GW |
PV plants | Storage |
10
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Disclaimer
Colbún SA published this content on 19 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2024 13:08:06 UTC.