Engie Energia Chile S A : 4Q21 Presentation to Investors
January 27, 2022 at 04:29 am
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Investor Presentation
FY 2021
Results & Guidance
Key messages
3
Challenging 2021: extreme drought, record high fuel prices and high marginal costs
2021 results lagged behind guidance as underlying adverse conditions persisted through 4Q21
Improved supply prospects for 2022: 151MW Calama wind farm and 114MWac Tamaya PV plant fully energized; back-up PPA volumes tripling to 2.1 TWh
Additional 268 MW renewable output to come on line in 2022 + 1.35 GW w/ scheduled COD in 2024-26
Making further progress in our transformation: 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 and US$125 million IDB financing drawn
26-Jan-2022
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 ~12TWh/y, 10-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 operating or under construction
More than 1.3 GW additional development portfolio
Managing risks during transition
Signing Back-up PPAs with other generation companies
Securing LNG supply
Securing liquidity and financing sources
OUR PERFORMANCE
2019 2020 2021
TOTAL ENERGY SALES (TWh)
11.1211.41 11.73
UNREGULATED PPAs (TWh)
6.246.466.68
REGULATED PPAs (TWh)
4.784.934.95
EBITDA (MUSD)
535
455
315
NET RECURRING INCOME (MUSD)
244
181
47 (*)
Financial expenses related to the sale of accounts receivable (US$49.6 million) are considered recurring for purposes of this presentation
26-Jan-2022
Our transformation
5
2 GW RENEWABLE PIPELINE, of which 0.7 GW UNDER WAY + 1.3 GW IN DIFFERENT STAGES OF DEVELOPMENT
LOS LOROS
MONTE REDONDO
CALAMA
TAMAYA
COYA
CAPRICORNIO
ADVANCED STAGE
46 MWac
82 M W
151M W
114MWac
180 MWac
88 MWac
857 M W
COD(*)
2019
2020
2021
2022
2023-2024
ACQUISITIONS +FIRST 4 PROJECTS
2019 -2022: US$548 MILLION
UNDER DEVELOPMENT OR READY TO BUILD
U12 U13
U14 U15
CTM1 CTM2
disconnected
preparing disconnection
171M W
268 M W ( * * )
334 M W
2019
2020
2021
2022
2023
2024
2025
IMPAIRMENTS (AFTER-TAX EFFECT) 2018:US$53 MILLION
2019: US$134 MILLION
(*) COD= Commercial operation date
(**) U14 + U15 disconnection postponed to at least June 2022 at CNE's request
26-Jan-2022
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Engie Energía Chile SA published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 09:28:01 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. 
