Investor Presentaiton
ROBUST CAPITAL STRUCTURE
AMPLE ROOM TO FINANCE ENERGY TRANSFORMATION PLAN
MUSD
500
•
2018: THE END OF A CAPEX-INTENSIVE PHASE
FREE CASH-FLOW POSITIVE STATUS STARTING 2019 WILL RELEASE FINANCING
CAPACITY FOR ENERGY TRANSFORMATION PLAN
400
TEN 35
300
IEM & Port
200
TEN 20
314
IEM & Port
109
TEN 30
IEM & Port
436
IEM & Port
265
4.0
3.5
Debt capacity to
3.0
finance new
CAPEX will
2.5
increase to
US$1.5bn @ 3x
Debt/EBITDA
2.0
1.5
1.0
100
0.5
Recurring
88
Recurring
56
Recurring
58
Recurring
96
Recurring
69
Recurring
39
0
2015
2016
2017
2018
2019
2020
EBITDA (left axis)
(*) Recurring CAPEX includes upgrade investing in transmission assets
Net Debt-to-EBITDA (right axis)
Engie Energía Chile - Presentation to Investors - 1Q 2018
ENGIE
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