Quarterly results 2Q 2017
Rele levant ant updat ates es First solar facility, 9,9 MW (Yumbo/Colombia): commissioning & Start of operations in 2H 2017. [Videos: Video 1, Video 2] Plan 5 Caribe: stability and reliability in the Regional Transmission System (STR) tension levels. Nueva Montería 110 kV substation (Construction stage). District Cooling System: Nuestro Montería shopping center: operational since july 2017
The electr tric ic market Colombia Panama Hydric inflows - SIN Reservoir levels - Fortuna 140% 1Q 2Q 3Q 4Q 120% 100% 80% 60% 40% 20% 0% 2013 2014 2015 2016 2017 2Q2 Q2017 2Q2 Q2016 ∆% 2Q2 Q2017 2Q2 Q2016 ∆% Hydric inflows (System) 21.086 14.551 45% 45% Energy production (System) 2.675 2.707 -1% 1% % of historic mean 108% 77% 39% 39% Hydric generation (System) 64% 50% 28% 28% 11.947 7.626 57% 57% Reservoir levels (System) Thermal generation (System) % Reservoir level 78% 47% 30% 44% -31% 1.119 828 35% 35% Hydric inflows EPSA Wind generation (System) 3% 4% -30 30% % of historic mean EPSA 117% 87% 35% 35% Self-generation (System) 2% 1% 22% 22% 94% 42% % Reservoir level EPSA Solar generation (System) 1% 0% 179% 79 214 -63% Marginal cost (System) Spot Prices (System) 65 67 -4% 4% Contract Prices (System) 177 166 7% 7% Diesel price 78 81 -3% 3% Bunker price 50 34 48% 48% Commercial demand (System) 16.626 16.347 1,7% Coal price 106 72 48% 48% 88% 72% % Hydric generation (System) % Thermal generation (System) 11% 27%
Finan ancial cial results ults REVENUES ↓ Colombian generation revenues: less energy required from thermal 743 assets as climate conditions are normalized. ↑ Central America generation revenues: higher price in contracts. COP billion (2Q17) ↓ 14% (Y/Y) Higher distribution revenues with the start of operations of assets (Cuestecitas, Valledupar - Plan 5 Caribe, Alferez I). EBITDA 279 COP billion (2Q17) Solid performance in Central American generation assets. ↑ 6% (Y/Y) More efficient operation in Colombian generation assets. Steady cashflows in the distribution and retail sales businesses. NET INCOME 64 COP billion (2Q17) Net income attributable to controlling shareholders: COP 42.791 ↑ 101% (Y/Y) million vs. -$3.625 million in 2Q 2016
Colom ombia bia – operational ational figure ures Gene neration ation by fu fuel so source ce - Colombia lombia 1.9721.792 1.6151.5051.4291.6201.7391.693 1.711 1.722 1.599 1.387 1.3241.2301.2501.2461.325 1.293 1.1051.0921.242 GWh 1.065 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 G Hydric - Colombia G Thermal - Colombia Total Wholes olesaler aler sa sale les s - Colomb lombia ia Retail ail sa sale les s - Colom olombia bia 3.000 600 2.500 500 2.000 400 GWh GWh 1.500 300 1.000 200 500 100 0 0 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 Contract sales - Colombia Spot sales - Colombia Regulated market sales Non regulated market sales *During the El Niño 2015/2016 there were specific short term contracts that were part ot the commercial strategies during extreme climate conditions. Those contracts should not be understood as part of the structural long term contract strategy of the Company.
Centr tral al America rica – operational ational figure ures Gene neration ation by fu fuel so source ce – Centr entral al Americ erica 500 400 GWh 300 200 100 0 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 G Hydric G Thermal G wind Sale les s by ty type pe – Centr entral al America erica 600 400 GWh 200 0 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 Contract sales - Central America Spot sales - Central America
Finan ancial cial results ults Revenues venues 1339 1363 862 791 797 793 784 777 765 742 743 661 627 589 589 577 577 567 531 520 522 451 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 G T + D + C Ebi bitd tda 42% 41% 41% 38% 39% 38% 400.000 37% 50% 35% 36% 34% 32% 33% 31% 32% 30% 31% 27% 26% 24% 20% 20% 30% 300.000 339 9% 10% 279 267 263 256 246 200.000 241 233 228 214 211 212 213 213 -10% 201 184 178 173 160 155 152 100.000 -30% 117 - -50% 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 Ebitda Ebitda margin
Thank you, inversionistas@celsia.com
Disclaimer claimer This presentation has been prepared by Celsia S.A. E.S.P. (the "Company" or "Celsia"). Information herein is proprietary to Celsia or the companies in which it holds majority shares, and is not definitive nor has it been audited. The information contained in this document is thus subject to modifications, additions and amendments without need for prior notification. Likewise, the information presented may differ from figures published by official entities. Celsia takes no responsibility for updating or correcting the information contained in this document. The Company does not make any type of guarantee, express or implied, and is not responsible for the completeness of the information (neither for omissions nor for elements of said information which might be misleading). The Company will not be held responsible for any consequence resulting from the use of this document.
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