Central termoeléctrica Zona Franca Celsia- Barranquilla, Atlántico. Conference call 2Q 1S July 23rd

Transcription

1 Central termoeléctrica Zona Franca Celsia- Barranquilla, Atlántico Conference call 2Q 1S 2014 July 23rd

2 Disclaimer This document has been prepared by Celsia S.A. E.S.P. (the Company or Celsia ) using its own information and information of its subordinate companies that is not definitive nor has been audited. Therefore, the information contained in this document may be subject of modifications or amendments without prior notice. In addition, this information may differ from that published by official entities. Celsia does not assume any obligation of updating nor correcting the information contained in this document. The Company does not guarantee the thoroughness of the information nor is responsible for it (not by omission nor by elements contained in the information that could be subject of leading to error). The Company is not responsible of the consequences resulting from the use of this document.

3 Subestación eléctrica Zona Franca Celsia - Barranquilla, Atlántico Highlights

4 Highlights Positive results in 2Q 2014 Celsia consolidated - (COP mill.) 2Q2014 2Q2013 % Consolidated revenues % Operational income % Ebitda % Ebitda margin 41,84% 38,82% Net income % Cumm Cumm % Consolidated revenues % Operational income % Ebitda % Ebitda margin 41,05% 37,30% Net income % The Cucuana hydroelectric plant received the Clean Development Mechanism (CDM) certification, an agreement signed in the Kyoto Protocol by the United Nations. To achieve this certification before the UN, the plant's contribution to Colombia's sustainable development during the planning, construction and operation stages was demonstrated. The International Centre for Hydropower or ICH classified Celsia as a member of this association of companies and institutions dedicated to the development and utilization of hydropower resources. Distribution and transmission tariff revision period in progress. 4

5 Central hidroeléctrica Río Piedras, Don Matías, Antioquia. Electric market and operating results

6 GWh Demand Composition of demand Regulado No regulado 33% 67% +3,8%YoY Electric demand in the quarter Demanda Energía - SIN Non regulated clients 3,4% 30% 4,3% % 49% 5,3% Ind. manufactureras Explotación de minas y canteras Otros Junio YTD LTM

7 jun-12 sep-12 dic-12 mar-13 jun-13 sep-13 dic-13 mar-14 jun-14 GWh $/KWh Climate conditions Pronóstico IRI June 80% probability Water inflows - SIN % of the mean Aportes críticos Aporte real Precio bolsa

8 jun-12 sep-12 dic-12 mar-13 jun-13 sep-13 dic-13 mar-14 jun-14 % Volúmen útil T T T T T T T T T T 84% 85% 78% 72% 70% 73% 73% 72% 71% 65% 16% 15% 22% 28% 30% 27% 27% 28% 29% 35% Production - SIN Generation by technologies - SIN Hidráulica Térmica Reservoirs useful capacity - SIN 100% 80% 60% 40% 20% 0%

9 $/KWh $/KWh Spot prices Contract prices Spot prices ,3 145, ,8 144,7 144,6 143, , ,7 143,1 142,6 142,8 142,8 141 Enero Febrero Marzo Abril Mayo Junio Enero Febrero Marzo Abril Mayo Junio Julio

10 2012-1T T T T T T T T T T 93% 81% 90% 88% 97% 94% 97% 97% 94% 80% T T T T T T T T T T 82% 85% 84% 86% 86% 89% 92% 89% 92% 98% Availability Availability - hydric centrals 100% 0,6% 90% -0,8% 80% 2,2% -0,4% -4,5% 8,9% 0,0% 9,6% 10% 5% 0% -5% 70% -8,0% -10% Disponibilidad Variación Availability thermal centrals 120% 100% 80% 60% 40% 20% 0% -12,1% 11,1% -2,9% 10,4% -2,8% 3,1% 0,1% -3,8% -14,8% 15% 10% 5% 0% -5% -10% -15% -20% Disponibilidad Variación

11 GWh T T T T T T T T T T GWh Production Celsia consolidated Generation by technology +10% Q14/Q13 Hydric generation +17% T14/T13 Thermal generation Hidráulica Térmica Commercial strategy MEM +13% YoY Contract sales vs (Cumm. Year) T T T T T T Contratos Bolsa +4% YoY Spot sales vs (Cumm. Year)

12 ene-13 feb-13 mar-13 abr-13 may-13 jun-13 jul-13 ago-13 sep-13 oct-13 nov-13 dic-13 ene-14 feb-14 mar-14 abr-14 may-14 jun-14 Distribution business Electric retail business (GWh, cumm. year) +6,1% YOY Electric retail business growth Clients by june 2014 SAID and SAIFI 2,50 2,00 1,50 1,00 0,50 0,00 14% 12% 10% 8% 6% 4% 2% 0% 6,1 hours SAIDI 8,1 times SAIFI 91% Collections SAIDI SAIFI Pérdidas

13 Planta Termoeléctrica Zona Franca Celsia Barranquilla, Atlántico Financial results

14 Segregation of revenues % T14/T13 Generation business 1T12 2T12 3T12 4T12 1T13 2T13 3T13 4T13 1T14 2T14 +37% T14/T13 Consolidated revenues Ingreso estable: distribución + contratos MEM + Cargo por Confiabilidad Ingreso de mercado: ventas en bolsa + comercialización de gas 3% 26% Dist. / comercialización Minorista Comercialización mayorista CxC 54% 9% Otros servicios operacionales 2% 6% Ventas en bolsa Comercialización de gas 14

15 Ebitda % 42% 38% 39% 35% 36% 37% 34% 30% 2T12 3T12 4T12 1T13 2T13 3T13 4T13 1T14 2T14 EBITDA Margen EBITDA 45,0% 40,0% 35,0% 30,0% 25,0% 20,0% 15,0% 10,0% 5,0% 0,0% +47% T14/T13 COP mill. consolidated ebitda (cumm. Year). +54% T14/T13 COP mill. Consolidated operational income (cumm. Year) 15

16 Planta Termoeléctrica - Zona Franca Celsia - Barranquilla, Atlántico Expansion plan

17 Projects in progress Distribution: the execution of the extension of the capacity of transformation continued at the Cartago substation. It has reached progress of 31%. Activities to improve service quality, such as repositioning of networks, transformers and personal protective equipment and remote control were carried out. There was also progress in the reduction of losses plan, and investments were made in projects for electric energy provision for new users. Generation: Cucuana progressed to 88% and Bajo Tuluá to 86%. These two power plants are projected to start commercial operations between the end of this year and the beginning of next. Liquid fuel project: civil works and the electro-mechanic assembly of equipment and pipes at Zona Franca Celsia S.A. E.S.P. were carried out. Currently, pipes are being cleaned, final connections are being set and operation tests are being carried out. Porvenir II and San Andrés continue awaiting for the environmental licensing. 17

18 Gracias Thank you, Una empresa del Grupo Argos