Engie Energia Chile S A : 1H21 Investor Presentation
July 28, 2021 at 08:54 am
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Investor Presentation
1H 2021
Results & Guidance
Key messages
3
2nd quarter turnaround despite continued high marginal costs
After resilient 2020 results, our efforts are focused on approaching low-end of our initial 2021 guidance
Advancing in of our transformation: 151MW Calama wind farm energized and injecting to the grid
0.6 GW renewables under construction with scheduled COD in 2H21+1H22
Making further progress in our transformation plans: Over 1GW of wind and solar projects under development; advancing in the coal-to-gas and coal-to-biomass transformation
Filing permit approval requests and securing land for future wind and solar PV projects
Robust and flexible capital structure
BBB+ rating confirmed by Fitch; liquidity strengthened by true sale of receivables & available US$125 million IDB financing; provisional US$41.5 million dividend approved
4
2021: Working on our reconversion
To become greener and reduce our supply cost
Reshaping our PPA portfolio with green corporate PPAs
Contracted portfolio of more than 12TWh/y - 11-year average life
Balanced regulated vs. unregulated portfolio
Phasing out coal generation
0.8 GW effective + committed coal plant closures by YE 2024
0.7 GW coal plant conversions by YE 2025
Accelerating our plans to add up to 2GW of renewables
0.7 GW renewables acquired or under construction
0.3 GW in advanced state of development
More than 1.0 GW additional development portfolio
Managing risks during transition
Back-upPPAs with other generation companies
Securing LNG supply
Securing liquidity and financing sources
OUR PERFORMANCE
2019
2020
LTM 06-21
TOTAL ENERGY SALES (TWh)
11.1211.41 11.47
UNREGULATED PPAs (TWh)
6.246.466.43
REGULATED PPAs (TWh)
4.784.934.98
EBITDA (MUSD)
535
455
441
NET RECURRING INCOME (MUSD)
244
181
135 (*)
Financial expenses related to the sale of accounts receivable (US$48.4 million) are considered recurring for purposes of this presentation
5
GWh
Contracted demand: our vision through 2030
Renegotiated PPAs (extended lives and decarbonized tariffs) and new green corporate PPAs
14,000
12,000
10,000
8,000
6,000
4,000
2,000
-
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
Regulated SING
Regulated SIC
Free clients-renegotiated+new free clients
Other free clients
Source: Engie Energía Chile - Average expected demand under existing contracts
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Engie Energía Chile SA published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 12:53:04 UTC.
Engie Energia Chile SA, formerly Empresa Electrica Del Norte Grande SA, is a Chile-based company, which is primarily engaged in the energy sector. The Companyâs activities comprise the production, transportation and distribution of electric energy and natural gas; the purchase, sale and transportation of liquid, solid and gaseous fuels; as well as the provision of engineering consulting services. The Company operates through such subsidiaries as Electroandina S.A., Gasoducto Nor Andino S.A., Gasoducto Nor Andino Argentina S.A., Central Termoelectrica Andina S.A., Energia del Pacifico Ltda., Edelnor Transmision S.A., Distrinor S.A. and Inversiones Hornitos S.A. The Company is owned by GDF Suez Energy Chile SA.
ENGIE ENERGIA CHILE S.A. 
