Central termoeléctrica Zona Franca Celsia- Barranquilla, Atlántico Conference call 2Q 1S 2014 July 23rd 2014 www.celsia.com
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.
Subestación eléctrica Zona Franca Celsia - Barranquilla, Atlántico Highlights
Highlights Positive results in 2Q 2014 Celsia consolidated - (COP mill.) 2Q2014 2Q2013 % Consolidated revenues 804.104 588.543 37% Operational income 302.693 196.589 54% Ebitda 336.400 228.493 47% Ebitda margin 41,84% 38,82% Net income 120.019 81.423 47% Cumm. 2014 Cumm. 2013 % Consolidated revenues 1.381.435 1.177.400 17% Operational income 499.732 375.370 33% Ebitda 567.135 439.199 29% Ebitda margin 41,05% 37,30% Net income 168.992 129.392 31% 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
Central hidroeléctrica Río Piedras, Don Matías, Antioquia. Electric market and operating results
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% 60.139 62.177 21% 49% 5,3% 29.893 31.184 Ind. manufactureras Explotación de minas y canteras Otros 4.955 5.218 Junio YTD LTM
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 8000 6000 400 300 Water inflows - SIN 4000 2000 0 200 100 0 88% of the mean Aportes críticos Aporte real Precio bolsa
jun-12 sep-12 dic-12 mar-13 jun-13 sep-13 dic-13 mar-14 jun-14 % Volúmen útil 2012-1T 2012-2T 2012-3T 2012-4T 2013-1T 2013-2T 2013-3T 2013-4T 2014-1T 2014-2T 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%
$/KWh $/KWh Spot prices Contract prices Spot prices 146 145,3 145,2 145 144,8 144,7 144,6 143,9 144 145,1 143 142 142,7 143,1 142,6 142,8 142,8 141 Enero Febrero Marzo Abril Mayo Junio 400 372 381 335 300 200 190 191 151 237 138 100 165 186 141 144 147 0 Enero Febrero Marzo Abril Mayo Junio Julio 2013 2014 2013 2014
2012-1T 2012-2T 2012-3T 2012-4T 2013-1T 2013-2T 2013-3T 2013-4T 2014-1T 2014-2T 93% 81% 90% 88% 97% 94% 97% 97% 94% 80% 2012-1T 2012-2T 2012-3T 2012-4T 2013-1T 2013-2T 2013-3T 2013-4T 2014-1T 2014-2T 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
952 944 865 973 1.078 1.043 GWh 1.142 949 1.047 1.076 1.118 1.063 2012-1T 2012-2T 2012-3T 2012-4T 2013-1T 2013-2T 2013-3T 2013-4T 2014-1T 2014-2T 561 791 688 853 887 788 967 1.337 1.104 971 GWh 532 315 552 763 617 642 653 263 635 722 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. 2013 (Cumm. Year) 2013-1T 2013-2T 2013-3T 2013-4T 2014-1T 2014-2T Contratos Bolsa +4% YoY Spot sales vs. 2013 (Cumm. Year)
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 551.828 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
Planta Termoeléctrica Zona Franca Celsia Barranquilla, Atlántico Financial results
Segregation of revenues 804 520 451 522 532 589 589 577 627 577 +52% 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
173.332 184.306 159.965 210.706 228.493 212.085 213.280 230.735 336.400 Ebitda 400.000 350.000 300.000 250.000 200.000 150.000 100.000 50.000-40% 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 336.400 mill. consolidated ebitda (cumm. Year). +54% T14/T13 COP 302.693 mill. Consolidated operational income (cumm. Year) 15
Planta Termoeléctrica - Zona Franca Celsia - Barranquilla, Atlántico Expansion plan
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
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