Regulated businesses Suez Environnement December 15,

Transcription

1 - 1 -

2 - 2 - Sources: Central Bank of Chile Sources: Central Bank of Chile Source: INE Source: Central Bank of Chile

3 - 3 -

4 - 4 - XV y I Region / Iquique Aguas Del Altiplano II Region / Antofagasta Aguas De Antofagasta V Region / Valparaíso Esval VI Region / Rancagua Essel VIII Region / Concepción Essbio Los Ríos / Valdivia Aguas Décima III Region / Copiapó Aguas De Chañar IV Region / La Serena Aguas Del Valle R.M. / Santiago Aguas Andinas VII Region / Talca Aguas Nuevo Sur IX Region / Temuco Aguas Araucania X Region de Los Lagos y XIV Region de Los Ríos / Pto.Montt Essal Xi Region / Coyhaique Aguas Patagonia Xii Region / Pta.Arenas Aguas Magallanes

5 - 5 -

6 - 6 - OSLO 7,09 BERLIN 6,6 SYDNEY 5,93 COPENHAGEN OTTOWA 5,12 5,33 PARIS LONDON MEXICO CITY WASHINGTON MADRID STOCKHOLM 2,33 2,56 2,74 3,23 3,88 3,65 ATHENS SANTIAGO ROME SEOUL 1,62 1,39 1,36 1,24

7 - 7 -

8 - 8 -

9 - 9 -

10 - 10 -

11 Norms/regulations Demand projections Geography Quality standards Other parameters Expected demand (Q*) Design and Valuation of Infrastructure Water production Water distribution Sewage collection Sewage treatment/disposal Commercial and administration Cost of Capital Annual Return on Investment Annual Operating Costs TOTAL LONG-TERM COSTS (CTLP): Annual revenues required by the Model Company Average Annual Tariff = Annual Return on Investment ($) + Annual Operating Costs ($) Demand Q*(m3)

12 COST OF CAPITAL = RISK FREE RATE + RISK PREMIUM SECONDARY MARKET INTEREST RATES, UF 10-YEAR CHILEAN BOND (REAL) 4% 3% 2% 1% 0%

13 - 13 -

14 Coyhaique Antofagasta Iquique Puerto Montt Punta Arenas Copiapó Arica Valparaíso Valdivia Talca Temuco La Serena Rancagua Concepción Gran Santiago Maipú 2,50 2,38 2,35 2,29 2,14 2,08 2,03 2,00 1,99 1,95 1,72 1,62 1,35 1,06 3,02 3,29 Source: SISS Industry Report Tariffs to December 2013 considering US $1= $524

15 ,6% IAM 1,9% 2,2% International 100% 5,0% 50,1% CORFO Workers 24,2% Pension Funds Others 56.6% 50.1%

16 - 16 -

17 - 17 -

18 CLIENTS/EMPLOYEES BILLING/EMPLOYEES Th. M 3 RUPTURES X 100 KMS. RUPTURES X CLIENTS Source: SISS Industry Report 2013

19 Company s world class positioning in Health and Safety standards 10 Rules that Save Lives INCREASE IN AUTONOMY of the potable water distribution system for 9 hours for when there is an emergency that does not allow for the production of water Implementation of arsenic abatement treatments REDUCTION by ~35% of the annual ruptures/km rates in 6 years RUPTURE RATES (RUP./KM.YEAR) VALUATION OF RESIDUES IN WASTEWATER TREATMENT PLANTS: Water suitable for all types of irrigation Bio-methane at the Farfana Plant Bio-solids Biodiesel (R&D) 0,20 0,10 0,200 0,180 0,185 0,190 0,162 0,148 0,131 0,

20 In US$m REVENUES +5% Growth (CAGR) EBITDA % Growth (CAGR) % 90% 80% % % % % % % 50 10% % EBITDA (MM$) EBITDA MARGIN

21 - 21 -

22 - 22 -

23 avr.-08 juil.-08 oct.-08 janv.-09 avr.-09 juil.-09 oct.-09 janv.-10 avr.-10 juil.-10 oct.-10 janv.-11 avr.-11 juil.-11 oct.-11 janv.-12 avr.-12 juil.-12 oct.-12 janv.-13 avr.-13 juil.-13 oct.-13 janv.-14 avr.-14 juil.-14 oct.-14 Regulated businesses ,0 170,0 150,0 130,0 110,0 90,0 70,0 50,0 Aguas Andinas IPSA INDEX

24 - 24 -

25 - 25 -

26 - 26 -

27 - 27 -

28 Hydraulic Efficiency Plan to reduce losses and Energy Efficiency Plan

29 sept./14 Regulated businesses FLOW OF THE MAIPO RIVER (M 3 /S) 200,00 150,00 100,00 50,00 0,00 Average Flow Maximum Flow Mimimum Flow RAINFALL AT EMBALSE EL YESO (mm) (1) * Average calculated from 1983 to date. (1) Source: Dirección General de Aguas (DGA)

30 - 30 -

31 - 31 -