CORPORATE PRESENTATION
1 Q 2 4 B T G P a c t u a l B r e a k f a s t - M a y 2 0 2 4
AGENDA
MARKET | STRATEGIC | KEY FINANCIAL | ||
1 CONDITIONS | 2 | AGENDA | 3 | FIGURES |
UPDATE | ||||
MARKET CONDITIONS
Markets Update
INSTALLED CAPACITY | LTM GENERATION |
GW | GWh |
DEMAND GROWTH
12 months average %
MARGINAL COST
US$/MWh
4% | 4% | |||||||
Hydro | ||||||||
20% | 31% | |||||||
1,3% | ||||||||
Coal | 2% | |||||||
84,441 | Gas and LNG | |||||||
12% | Diesel | 0% | ||||||
GWh | ||||||||
SEN | Wind | |||||||
-2% | ||||||||
35 GW | Solar | |||||||
+ 5.4% y/y | 16% | 17% Others | 2023 | 2024 | ||||
11% | ||||||||
Hydro | 3,6% | |||||||
48,913 | ||||||||
LNG | ||||||||
SEIN | GWh | Others | ||||||
14 GW | 45% | |||||||
44% |
- 2.2% y/y
Alto Jahuel | |
260 | Cardones |
Puerto Montt | |
210 | |
160 | |
110 | 46 |
60 | |
10 | 35 |
2023 | 2024 |
260 | |
210 | Santa Rosa |
160 | |
110 | |
60 | 31 |
10 |
Note: All figures as of Mar24.
2023 2024
2023 | 2024 |
For more information regarding the pipeline of projects in Chile and Peru go to Annexes slide 15 and 16. For more information about fossil fuel prices go to Annexes slide 17.
For more information of the System's decoupling go to Annexes slide 18.
3
MARKET CONDITIONS
Regulated Auction Results
REGULATED AUCTION RESULTS
14.000 | 131 | 129 | 140 | ||
12.000 | 108 | 120 | |||
104 | |||||
10.000 | 90 | 100 | |||
GWh/year | 8.000 | 79 | 80 | USD/MWh | |
61 | |||||
6.000 | 53 | 60 | |||
48 | |||||
37 | |||||
4.000 | 33 | ||||
40 | |||||
24 | |||||
2.000 | 20 | ||||
0 | 0 |
Supply [GWh/year] | Average Price [USD/MWh] | |
LATEST AUCTION
- Target size: 3,600 GWh
- 5 Gencos submitted bids
- Estimated Average Price: US$ 56/MWh1
COLBUN'S STRATEGY FOCUSES ON
UNREGULATED CLIENTS
- More attractive risk profile
- Better fit with Colbun's value proposition
- Stable consumption and lower supply cost
- Limited dilution
1. Note: Includes pass-through of Ancillary Costs | 4 |
MARKET CONDITIONS
Hydrological conditions in Chile
HYDROELECTRIC GENERATION (TWh)
Colbun 2023 | Colbun 2024 | |
3,5 | SEN 2023 | SEN 2024 |
3
2,5
2
1,5
1
0,5
0
Jan | Febr | Mar | |
TOTAL (TWh) | Jan-Mar | Jan-Mar | Var (%) |
2023 | 2024 | ||
SEN | 4.2 | 6.1 | 43% |
COLBUN | 0.9 | 1.6 | 70% |
THERMAL GENERATION (TWh)
Colbun 2023 | Colbun 2024 | |
4 | SEN 2023 | SEN 2024 |
3,5
3
2,5
2
1,5
1
0,5
0
Jan | Febr | Mar | |
TOTAL (TWh) | Jan-Mar | Jan-Mar Var (%) | |
2023 | 2024 | ||
SEN | 8.8 | 6.9 | (21%) |
COLBUN | 2.3 | 1.4 | (39%) |
For more information of Colbun reservoir levels and hydro generation go to Annexes slide 19. | 5 |
Note: All figures as of Mar24. |
STRATEGIC AGENDA UPDATE
Summary
PURPOSE: We transform energy, in balance with the planet, to boost your projects and dreams
WE ADD
VALUE TO:
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 |
STRATEGIC
PILLARS
For information about Colbun's Board go to Annexes slide 20. | |
For information about Colbun's Commercial strategy go to Annexes slide 21. | |
For information about Colbun's Expand our limits pilar go to Annexes slide 22. | |
For information about Colbun's New business pilar go to Annexes slide 23 and 24. | 6 |
STRATEGIC AGENDA UPDATE
Enhancing our core business
COLBUN'S PPAS BACKED BY | |
SELF/OWN GENERATION (TWh) | |
1 | LNG (ADP) (1) - firm |
supply contract |
For up to 1 combined | 10.9 | 11.6 | 11.9 | 11.4 | Gas | ||||
cycle until Jul24 | 10.3 | ||||||||
9.8 | |||||||||
Coal | |||||||||
FLEXIBLE GAS | 2 | Argentine NG - firm | Wind | ||||||
CONTRACTS | supply contracts | Solar | |||||||
For up to 1 combined | Hydro | ||||||||
cycle until Dec24 | |||||||||
Regulated PPA | |||||||||
3 | Unregulated PPA | ||||||||
Gas purchases in the spot | |||||||||
market | 2019 | 2020 | 2021 | 2022 | 2023 1Q24 LTM | ||||
In case of dry conditions | |||||||||
1 Note: Annual Delivery Programm (ADP). | 7 |
COMMERCIAL STRATEGY
New contracts signed
NEW ENERGY / CAPACITY 2023 - 2024
Chile
Peru
3.5
TWh
New energy
per year
363
MW
New capacity
per year
2024-2025: 230 GWh per year
2026-2035: 650 GWh per year
2024-2035: 280 GWh per year
2025-2040: 912 GWh per year
2026-2040: 1,100 GWh per year
2024-2034: 114 MW per year
1 Note: Associated to Centinela Project. | 8 |
STRATEGIC AGENDA UPDATE
Pipeline of projects in Chile
LAST UPDATES
INTI PACHA
1, 2 & 3
750 MW PV
+ 400 MW CELDA SOLAR STORAGE 422 MW PV
- 240 MW STORAGE
JARDÍN
SOLAR
537 MW PV
- 200 MW STORAGE
HORIZONTE
816 MW + 180 MW
DIEGO DE ALMAGRO
200 MW STORAGE
STORAGE
600 MW
220 MW
JUNQUILLOS
473 MW
200 MW PV 260 + 128 MW MW STORAGE
CUATRO
VIENTOS
CELDA SOLAR
EIA approved
CUATRO VIENTOS
Under EIA processing
DIEGO DE ALMAGRO, JARDÍN SOLAR & INTI PACHA
The Environmental Evaluation Service determined they don't have to submit a new EIA for the storage projects
HORIZONTE
80% progress was reached
The Company entered a
480 MW | 1,341 MW + 550kv | ||
PROGRESS | Preliminary | Prefeasibility (1) | |
studies | |||
STAGE | 816 MW | 2,749 MW | |
Construction | Environmentall | 1.8 GW | |
y approved |
360 MW
1.7 GW 1.7 GW
modification project into the
EIAS, which will increase the
current capacity by 20%
1 Considers Llullaillaco S/S. | 9 |
Note: Figures considers maximum installed capacity allowed for each project as of Mar24. |
STRATEGIC AGENDA UPDATE
Horizonte Wind Farm
1Q2480% total progress
68 turbines | 816 MW | ||
Out of 140 | Total installed | ||
2Q24 | each with | capacity | |
5.83 MW of | |||
Estimated first | installed | ||
capacity | |||
energizing | |||
CAPEX (US$ million) | |||||
668 | |||||
405 | |||||
1Q25 | 192 | ||||
41 | |||||
Estimated | 30 | ||||
commissioning | |||||
2021 | 2022 | 2023 | 1Q24 | Total |
Note: All figures as of Mar24. | 10 |
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Disclaimer
Colbún SA published this content on 07 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2024 16:41:03 UTC.