EDC 2014 SR (UPDATED)
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<strong>EDC</strong> <strong>2014</strong> Performance Report<br />
1 of 11<br />
<strong>EDC</strong> accounts for 9% of<br />
the Philippines’ electricity<br />
production<br />
Into geothermal, hydro & wind<br />
and now diversifying into solar<br />
energy<br />
90%<br />
Revenue derived from<br />
long-term contract<br />
agreements<br />
5<br />
Concessions acquired<br />
in Chile and Peru<br />
Domain<br />
Expertise<br />
Contract-based<br />
Cash Flows<br />
Track Record<br />
of Growth<br />
Largest vertically integrated<br />
geothermal company<br />
globally<br />
64%<br />
Revenue derived from contract<br />
tenors of greater than 6 years<br />
100%<br />
Successfully acquired<br />
power plants inside its<br />
geothermal concessions<br />
Year 2031 concession<br />
agreements start expiring<br />
Geothermal is<br />
11%<br />
FY14 Highlights<br />
10<br />
of the country’s<br />
installed capacity<br />
Revenues<br />
₱30.9 billion<br />
RNI attributable to <strong>EDC</strong><br />
₱9.2 billion<br />
EBITDA<br />
₱17.9 biliion<br />
Wind concessions<br />
acquired with<br />
~543MW capacity<br />
Favorable Industry<br />
Dynamics<br />
Strong Credit &<br />
Investment Profile<br />
Robust<br />
Growth<br />
RE Act of 2008<br />
Provides regulatory support<br />
10% Income Tax<br />
Seven-year income-tax<br />
holiday (ITH)<br />
Feed-in Tariff (FIT)<br />
Geothermal provides<br />
13%<br />
of electricity production in the<br />
Philippines<br />
Managing<br />
Financial Risks<br />
Interest rate on 81% of loans<br />
are fixed<br />
32% of revenues are<br />
US$ indexed<br />
5.2 years loan life<br />
5.6% interest cost<br />
Domestic Expansion<br />
Install ~180MW of geothermal<br />
capacity<br />
Overseas Expansion<br />
Drill wells in Mariposa, Chile<br />
by 2015<br />
35
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