CORPORATE PRESENTATION
4Q-2018
Company Overview1
IMPROVING LIVES IN
Chile,Colombia AND
Argentina
AES Gener Is Energized By ARegional Workforce Of
+1,300 PEOPLE
RECOGNIZED AS A
Great PlaceTo Work in
CHILECOLOMBIAARGENTINA
Founded In 1981And Acquired byThe AES Corporation in 2000,Who Currently owns 66.7%
Named to
Dow JonesSustainabilityIndex for Chile
LISTED ON
Santiago StockExchange
5,103 GROSS MWin operation
3,3881,020
643
561 GROSS MWunderconstruction(Alto Maipo Project in Chile)
TechnologiesCoal 3,019 MWHydro 1,291 MWGas/Diesel 709 MWOthers 34 MW
$7.9B
$887M
$3.5B
$2.3B
RATED
Baa3 / BBB- / BBB- BY
MOODY’S S&P GLOBAL FITCH RATINGS
Market ShareChile 27% by generationColombia 7% by generationArgentina 3% by generation
Commercial Business Largely ContractedEFFICIENT GENERATION CONTRACTED WITH AN AVERAGE LIFE OF 11 YEARS IN CHILE
MARKET CAPAS OF Dec 31, 2018
EBITDAFY-2018
TOTAL ASSETSOWNED & MANAGED
CONS. DEBTFY-2018
AES GENER AT A GLANCELEADING GENCO CONTROLLED BY THE AES CORPORATION
3
4
KEY INVESTMENTCONSIDERATIONS
1 LEADING POSITION
2 DIVERSIFIED PORTFOLIO
3 HIGH QUALITY LONG TERM PPAs
4 NEW TRANSFORMATIONAL STRATEGY
5 ROBUST CAPITAL STRUCTURE
6 STRONG FINANCIAL PERFORMANCE
RATINGS SYSTEM DATA ENERGY DEMAND GENERATION BY FUEL TYPE
S&P
A+ 24,031 MWInstalled
Capacity
+1.6%SIC(1) Energy Sales
(CAGR 2014-2017)
+2.3%SING(2) Energy Sales
(CAGR 2014-2017)
Moody’s
A1
75,641 GWhGenerationFitch
A
Chile
72,265GWh
75,641GWh
~18 Minhabitants
~$267B GDP as of 2017
Regulated46%
Unregulated54%
Thermal54%
Hydro31%
NCRE15%
Source: Company.
(1) Central Interconnected System (Sistema Interconectado Central).
(2) Great North Interconnected system (Sistema Interconectado del Norte Grande).
(3) Non-conventional Renewable Energy.
(4) National Electrical System (Sistema Eléctrico Nacional).
(3)
The SING(2) and the SIC(1) were interconnected in November 2017 to comprise the SEN(4)
The SEN is expected to become fully operational in June 2019, once the last segment of the Cardones-Polpaico transmission line is completed
MARKET
OVERVIEW
5
6
MARKET
OVERVIEW
S&P BBB-
Moody’s
Baa2
Fitch
BBB
17,212 MWSIN Installed
Capacity SIN Demand Growth
(CAGR 2014-2018)68,943 GWhSIN Generation
S&P
B
Moody’s
B2
Fitch
B
38,538 MW SADI
Installed Capacity SADI Demand
Growth
(CAGR 2013-2018)137,482 GWh
SADI Generation
Thermal64%
Hydro29%
Nuclear 5%
NCRE 2%
+2.2%
+1.2% Residential43%
Comercial29%
Industrial28%
Regulated68%
Unregulated32%
Thermal16%
Hydro84%
Colombia
~49 Minhabitants
~$310B GDP as of 2017
Argentina
~44 Minhabitants
~$635B GDP as of 2017
67,456GWh
134,784GWh
137,482GWh
68,943GWh
RATINGS SYSTEM DATA ENERGY DEMAND GENERATION BY FUEL TYPE
RATINGS SYSTEM DATA ENERGY DEMAND GENERATION BY FUEL TYPE
(1)
91%
1%8%
14,324GWh
Thermal Other Hydro
CHILE ($591mn EBITDA)
COLOMBIA ($241mn EBITDA)
ARGENTINA ($55mn EBITDA) SE
N
SIN
SA
DISEN ASSETS, 3,388 MW
NORGENER, 277 MW, coalANGAMOS, 558 MW, coalCOCHRANE, 550 MW, coalANDES SOLAR, 22MW solar PVVENTANAS, 872 MW, coalGUACOLDA, 763 MW, coalHYDROS, 271 MWOTHERS, 76 MW, diesel, biomass SADI ASSETS, 643 MW
TERMOANDES, 643 MW, gas
SIN ASSETS, 1,020 MWCHIVOR, 1,000 MW, hydroTUNJITA, 20 MW, hydro
GENERATIONENERGY SALES
GENERATIONENERGY SALES
GENERATIONENERGY SALES
24%
69%
7%
$1,743mn
Regulated Unregulated Spot
100%
4,977GWh
Hydro
78%
22%
$413mn
Contract Spot
100%
4,150GWh
Thermal
50%50% $146mn
Contract Spot
MARKETS
OVERVIEW2018 FIGURES
7
30%
70%
EBITDA COUNTRIES CUSTOMERS TECHNOLOGY
8
67%
27%
6%
67%
20%
13%
59%
14%
25%
2%
$887mm
5,103MW(1)
27.6TWh/y
5,103MW(1)
Argentina
Chile
Argentina
ColombiaChile
Regulated/Unregulated
Spot
CoalSolar/Biomass/BESS(2)
Source: Company.
(1) Includes Battery Energy Storage System.
(2) Battery Energy Storage System.
Hydro
Diesel/Gas
DIVERSIFIED
Portfolio
9
PORTFOLIO
OVERVIEW5,103MW GEO & TECH DIVERSIFIED
LEADING ENERGYPRODUCER IN CHILE (3,388MW)
MAJOR PLAYER IN COLOMBIA (1,020 MW)
EFFICIENT OPERATIONIN ARGENTINA (643 MW)
Guacolda, 763MW
5 coal unitsHuascoCOD:1995/1996/20092010/2015
Hydro Plants271MW
4 run of river hydrounits Cajon del MaipoCOD:1923/1928/1944/1991
Angamos, 558MW
2 coal unitsMejillonesCOD: 2011
Cochrane, 550MW
2 coal unitsMejillonesCOD: 2016
Andes Solar, 22MW
PV solarAdjacent to Andes substationCOD: 2016
Chivor, 1,000MW
8 hydro unitsBocayaCOD: 1977/1982
Tunjita, 20MW
1 hydro unitBocayaCOD: 2016
Termoandes, 643MW
Combined CycleTurbines: 2 gas, 1 steamSaltaCOD: 1999
ENERGY STORAGE
CHILE (52 MW)
Energy Storage52MW
Norgener 12MW Angamos 20MWCochrane 20MW
Backup Plants, 76MW :
Laguna Verde 63MW DieselLaja 13MW Biomass
Norgener, 277MW
2 coal unitsTocopillaCOD:1995/1997
Ventanas, 872MW
4 coal unitsValparaisoCOD:1964/1977/2010/2013
10
ADVANCING WITH STRATEGY EXECUTION
+3,900 MW PIPELINEACCELERATING A GREENER ENERGY FUTURE
Hydro
Wind
Solar
Batteries
531 MW
10 MW
20 MW
210 MW
80 MW
2,717 MW
240 MW
170 MW
UNDER
CONSTRUCTION
561MW
READY
TO BUILD IN 2019
290MW
UNDER
DEVELOPMENT
3,127MW
11
ANDES SOLAR IISOLAR
80 MW
WIND
90 MWLOS OLMOS
WIND
40 MWMESAMAVIDA
WIND
80 MWCAMPO LINDO
GREENING CHILE
ANNOUNCING NCRE INVESTMENTS290 MW TO SUPPORT COMMERCIAL AGREEMENTS
SANTIAGO
52MWcapacity of batteries
EXISTING
SPINNING RESERVE
PIONEERS IN CHILE SINCE 2009
12
Converting run-of-river plants into
VIRTUAL RESERVOIRS
10 MW PILOT 5 HOUR
COD MARCH 2020
GREENING CHILE
ANNOUNCING VIRTUAL DAM PILOTBROADENING BATTERY SOLUTIONS
ADVANCING WITH STRATEGY EXECUTION
CASTILLA - ECOPETROLTHE LARGEST SOLAR SELF-GENERATION PROJECT IN COLOMBIA
CODOCTOBER 2019
13
20MWUNDER
CONSTRUCTION
37%
11%1%
51%
TODAY+PROJECTS
5.9GW
27%
13%
1%
59%
TODAY
5.1GW
AES GENER
LEADING DECARBONIZATIONWITH RELIABLE RENEWABLE ENERGY
14
59% INCLUDINGPIPELINE
RENEWABLES & ENERGY STORAGE NATURAL GAS DIESEL COAL
BusinessSOLUTIONS5
InvestmentGRADE RATING
TECHNOLOGIES5
NCRE Hydro
Thermal
Battery Desal
ENERGY PROVIDERof choicein South America
STRATEGY
15
-
5,000
10,000
15,000
20,000
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040G
Wh
pe
r Y
ea
r
Distribution Non Regulated
Distribution25%
Industrial7%
Mining68%
11 year Avg.
Contract Life
Commercial strategy aims to maximize cash flow while minimizing volatility
Optimal contracted position seeks to match contracted energy with long term efficient generation
Contract customers include regulated customers (distribution companies) and unregulated customers (mining, commercial and industrial)
Contracts include Price
indexation mechanisms
(coal and US CPI) and
pass-through provisions
(regulatory risks)
~11 years average
life of outstanding
contracts
16
CHILE
Commercial Strategy
Colombia
Argentina
57%
43%
ENERGY SALES
Contract Spot
~80% of Expected
Generation
Medium Term
Contracts
(1-4 Years)
Remaining
Generation
Spot and Frequency
Regulation Sales
Firm Energy
(~3,000 GWh)
Reliability Charge
Revenue
Contract EnergyEnergía Plus
Contracts
Remaining
Generation
Energía Base
Spot Sales to ISO
23%
77%
ENERGY SALES
Contract Spot
7,513
GWh
4,181
GWh
17
COLOMBIA & ARGENTINA
Commercial Strategy
FY-2018 Figures
2
EBITDA & EBITDA margin Total Debt and Net Debt / EBITDA
Total CAPEX Capital Allocation
18
STRONG
Financial PerformanceIFRS (2018 Figures)
426 581 591 591
246 172 174 241 19 25 29
55 691 778 793
887 32% 34% 33% 34%
2015 2016 2017 2018
Chile Colombia Argentina EBITDA Margin
1,788 2,198 2,387 2,346
1,5521,626 1,353 1,179
3,3403,824 3,741 3,525
4.4x 4.3x 4.4x
3.6x
2015 2016 2017 2018
PF/Non-Recourse Corporate Debt Net Debt/EBITDA
893
479 391 465
109
83106
100
1,002
562 497565
2015 2016 2017 2018
Construction Maintenance
27953 74
263
235
93261
184
92
102
471 351606
248
806 798
2015 2016 2017 2018
Equity Contribution Dividends Paid Debt Payment
$3,525mn
AVERAGE COST
AVERAGE LIFE
NET DEBT/EBITDA
RATE
5.8% 14Years
3.6x(Consolidated)
94%Fixed Rate
Recourse Debt$1,179 mn
33%
Non-Recourse Debt$2,346 mn67%
121 124 126 128 153 148 158
151214 192
2022 2023
145
2019
1,388
2020 2021 2024 2025
514
2026/2073
272
340
152182 182
350
1,902
21 2429 34
19
Amortization Schedule ($mn)
AES GENER
DEBT PROFILE$3,525MN AS OF DECEMBER 31, 2018
1.7x(Recourse Debt)
APPENDIX2Alto Maipo
Overview Project Layout
2
1
Project LocationMetropolitan Region
1
2
Alfalfal II. 264MW Unit
Las Lajas. 267MW Unit
Tunnel
L1
VL-4
VL-8
VA-1
VA-2
VA-4
V5
V1
Technical Aspects Alfalfal IILas
Lajas
Installed capacity (MW) 264 267
Number of units 2 2
Type of turbines Pelton Pelton
Voltage (kV) 12/220 12/110
Ownership Main Contractors
AES Gener93%
Strabag
7%
21
ALTO MAIPOOVERVIEW
ALTO MAIPOCONSTRUCTION STATUS
75%Complete
$0mnEQUITY CONTRIBUTIONS
PENDING
During Construction
Tunnels
51kmExcavated
22
2
1
1
2
Alfalfal II. 264MW Unit
Las Lajas. 267MW Unit
Tunnel
L1
VL-4
VL-8
VA-1
VA-2
VA-4
V5
V1
Las Lajas HeadraceTotal length 17km
Las Lajas TailraceTotal length 15km
Alfalfal HeadraceTotal length 27km
VolcanTotal length 14km
Alfalfal II TailraceTotal length 3km
Progress as of February 201822
23
CHANGE INRISK PROFILE
Lump sum fixed price contract with
Strabag, including guaranteed completion
dates backed by:
• $300mn Letters of Credit
• Corporate Guarantee from Strabag SE
Transfer of Geological and construction
risks
Strong incentives for early completion
COD Las Lajas & Alfalfal II expected in
2020
PROJECTCAPITALIZATION
Fully funded plan, considering:
• $3,048mn construction cost
• Additional $392mn payable over 20-
year after COD
Lenders commitment for US$823 mn,
including incremental funding of
$135mn
Incremental shares to Strabag if certain
milestones are met
AES GENER COMMITMENTS
AES Gener will contribute:
• $200mn based on progress and debt
disbursements
• Up to $200mn towards completion
and for project costs or to prepay
debt
No additional debt to be issued at AES
Gener level
ALTO MAIPOKEY CHANGES TO MITIGATE RISK
APPENDIX3Financial Review
Fourth Quarter 2018
Key Financials ($ mn) FY-2018 FY-2017 Var. (%) 4Q-2018 4Q-2017 Var. (%)
EBITDA 887 793 12% 233 231 1%
EBITDA Margin 34% 33% 1% 35% 35% 1%
Net Income 287 185 56% 8 71 -88%
EBITDA BY MARKET
Full Year
22% 8%70%
4Q-2017
4Q-2018
14%81%
233
2315%
Chile Colombia Argentina
EBITDA BY MARKET
Fourth Quarter
67% 6%27%
4%
FY-2018
FY-2017 74% 22%
887
793
25
FULL YEAR 2018 AND FOURTH QUARTER
CONSOLIDATEDFINANCIALS
67
26
793
2017
1
2018
887
26
FULL YEAR 2018
EBITDA BRIDGE12% INCREASE, $94 MN
LOWER ESSA MARGIN -$33
Main Drivers
4Q-2018
27
PPAs BEGAN SUPPLY
LOWER GENERATION
LOWER MARGIN FROM ESSA
23.9
139.9
7.1 591
187.6
143.3
116.0
150.8
143.7
2017 1Q Var
163.2
137.4
2018
591 -5.9
2Q Var 3Q Var
-24.4
4Q Var
+0%
4Q
1Q
3Q
2Q
EBITDA Variation
FY-2018
MARKET PERFORMANCE
CHILE2018 EBITDA +$1mn
Main Drivers
4Q-2018
28
LARGER SALES VOLUME
HIGHER CONTRACT PRICES
HIGHER ENERGY PURCHASES
41.0 45.9
43.4
21.8
20.7
20.2
65.2
57.8
78.531.4
51.6
3Q Var2017
4.9
1Q Var 2Q Var 20184Q Var
174
241
+39%
2Q
4Q
3Q
1Q
EBITDA Variation
FY-2018
MARKET PERFORMANCE
COLOMBIA2018 EBITDA +$67mn
29
Main Drivers
4Q-2018
29
EBITDA Variation
FY-2018
HIGHER CONTRACT MARGIN
HIGHER CAPACITY PRICES
LOWER GENERATION
4.211.24.2
7.0
8.0
5.1
5.7
12.2
8.3
13.4
12.4
18.1
2017 3Q Var1Q Var 2Q Var 4Q Var 2018
55
29
+88%
4Q
2Q
3Q
1Q
MARKET PERFORMANCE
ARGENTINA2018 EBITDA +$26mn
OtherIncome
94
61
270206
107
1114
13
EBITDA Variance
DepreciationInterest Expense Other
Equity Earnings
IncomeTax
FX Losses
185
287
30
FULL YEAR 2018 ($MN)
NET INCOMEATTRIBUTABLE TO THE PARENT
ESSA & CTNG sale
$189mn Guacolda Impairment
2017 2018
Full Year Cash Flow Liquidity
as of December 31, 2018
$572mn
Cash andCash Equivalents
$322 mn
56%
UndrawnCommitted Facilities
$250 mn
44%276322
313258
Dec-17
513
Operating CF
513
Asset Sales CAPEX
& Others
Financing CF
9
Dec-18FX Impact
31
FULL YEAR 2018 ($MN)
CASH FLOWAND LIQUIDITY
Investing CF
SUMMARY OF HISTORICAL FINANCIALS (US$mn)Angamos
Revenue
Credit Metrics CAPEX
32
EBITDA and EBITDA Margin
238 252 277334
44 52 4622
25
1741
284309
340
397
2015 2016 2017 2018
Contracted Spot Other
111 122 105140
39% 39%31% 35%
2015 2016 2017 2018
EBITDA EBITDA Margin
6.9x6.2x
7.3x
4.2x2.5x 2.8x
2.4x3.4x
2015 2016 2017 2018
Net Debt/EBITDA EBITDA/Financial Expense
16
46 6
2015 2016 2017 2018
CAPEX
33
Guacolda
Revenue
Credit Metrics CAPEX
SUMMARY OF HISTORICAL FINANCIALS (US$mn)
EBITDA and EBITDA Margin
438381
493 498
2015 2016 2017 2018
Revenue
122150 167
133
28%39%
34%27%
2015 2016 2017 2018
EBITDA EBITDA Margin
6.3x 4.9x 4.1x 4.7x
3.9x
3.5x4.6x
4.1x
2015 2016 2017 2018
Net Debt/EBITDA EBITDA/Financial Expense
115
78
14 11
2015 2016 2017 2018
CAPEX
APPENDIXChilean Regulated Power Auctions
4
Year of the Auction
2014 2015 2016 2017 2019 2020 2021
Start of Supply 2016-2019 2019 2021-2022 2024 2025 2026 2027
Tenor 15 20 20 20 20 20 20
13.0 1.2 12.4 2.2Auction Size(TWh-Year)
Auction Launch(Year)
2013 2015 2015-01 2017-01 2018 2019 2020
4.7 3.0 2.8
Avg. Awarded Price $94.7/MWh
(92% awarded w/o change in law)
Avg. Awarded Price $79.9/MWh
Avg. Awarded Price $47.6/MWh
(100% awarded)
Avg. Awarded Price $32.50/MWh
(100% awarded)
Unconfirmed Figures
35
DISTRIBUTIONPPA AUCTIONS
Main Changes on Terms & Conditions
2015-01 Auction 2017-01 Auction2018-01 Auction(Unconfirmed)
ENERGY OFFERED 12,400 GWh per year 2,200 GWh per year 4.650 GWh per year
PPA TENOR 20 years, starting 2021-2022 20 years, starting 2024 20 years, starting 2025
POWER BLOCKS Daily blocksDaily blocks + seasonal
blocks for hydro (new, totaling 600 GWh)
Daily blocksStorage Incentives
GUARANTEES
Initial~$4,000 per GWh
(CLF$100)
Performance~$12,000 per GWh
(CLF$300)
Initial~$8,000 per GWh
(CLF$200)
Performance~$24,000 per GWh
(CLF$600)
Initial~$8,000 per GWh
(CLF$200)
Performance~$24,000 per GWh
(CLF$600)
FINES FOR DELAYS(For new projects, every two milestones delay)
~$200 per GWh(CLF$5)
~$1,200 per GWh(CLF$30)
~$1,200 per GWh(CLF$30)
36
DISTRIBUTION COMPANIES
PPA AUCTIONSMAIN CHANGES ON TERMS & CONDITIONS
APPENDIXAbout The AES Corporation
5
MISSION
Improving lives by providing safe, reliableand sustainable energy solutions in every market we serve
GLOBAL ACCESS TO
Construction expertise and contractors
Financing
Equipment and fuel suppliers
Engineering, consulting and insurance
33,965 GROSS MWin operation*
3,930MW under construction
GENERATION
TENCHNOLOGYGAS 37%COAL 32% RENEWABLES 27%OIL/DIESEL/PET COKE 4%
$11B $33B
FORTUNE 200GLOBAL POWER COMPANY
FOUNDED IN 1981NAMED TO
DOW JONESSUSTAINABILITYINDEXfor North America for the Fourth Year in a Row (2014-2017)
LISTED ON
NYSE
AES SERVES OVERCUSTOMERS
TOTAL ASSETS OWEND & MANAGED
TOTAL REVENUES
* 24,104 proportional MW. Proportional MW is equal to gross MW of a generation facility multiplied by AES’ equity ownership percentage in such facilitySource: The AES Corporation Fact Sheet as of May 8, 2018, The AES Corporation Financials as of December 31, 2017.
6UTILITY COMPANIES
+ 2M
15 COUNTRIES
4MARKET-ORIENTED STRATEGICBUSINESS UNITS
SOUTH AMERICA, MCAC,
USA & UTILITIES,
EURASIA
AES IS ENERGIZED BY A
GLOBAL WORKFORCE
38
THE AES CORPORATIONOVERVIEW
Sources: The AES Corporation Fact Sheet as of May 8, 2018, The AES Corporation Financials as of December 31, 2017.
2) Including AES Gener’s TermoAndes facility located in Argentina.
Andes SBU
Brazil SBU
We leverage on our relationship with AES in negotiations with suppliers, regulators and creditors, and benefit from their technical expertise, and global best
practices in optimizing performance
South America Overview
AES Gener and AES Argentina Generación share the same senior leadership
Largest energy producer in Chile, a leading
player in Argentina and a major producer in
Colombia and Brazil
One of the most diversified LatAmgeneration players in terms of geographical footprint and technology
Owns InterAndes transmission line,
connecting Chile and Argentina
30%
34%
28%
8%
AES Argentina 3,461 MW + 2 fuel procurement facilities
AES Gener643 MW
1,020 MW
3,400 MW + 52 MW Energy Storage
AES Brasil 3,684 MW
AES ServiciosAmerica
Service center in Buenos Aires provides Finance and HR
transactional services to AES affiliates
Colombia 1,020 MW
Chile 3,452 MWArgentina4,104 MW²
Brazil3,684 MW
12,260
MW
39
THE AES CORPORATIONOVERVIEW
Disclaimer
• This presentation is not an offer for sale of securities. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an
offer to buy or sell any securities and should not be treated as giving investment advice. No representation or warranty, either express or implied, is provided in relation to
the accuracy, completeness or reliability of the information contained herein. Any opinions expressed in this material are subject to change without notice and neither the
Company nor any other person is under obligation to update or keep current the information contained herein. The information contained herein does not purport to be
complete and is subject to qualifications and assumptions, and neither the Company nor any agent can give any representations as to the accuracy thereof. The Company
and its respective affiliates, agents, directors, partners and employees accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or any
part of this material.
• This presentation may contain statements that are forward-looking subject to risk and uncertainties and factors, which are based on current expectations and projections
about future events and trends that may affect the Company’s business. Investors are cautioned that any such forward looking statements are not guarantees of future
performance. Several factors may adversely affect the estimates and assumptions on which these forward-looking statements are based, many of which are beyond our
control. The successful execution and commencement of operation of the investment projects that we are developing or constructing depends on numerous external
factors, including (i) delays in obtaining regulatory approvals, including environmental permits; (ii) court rulings against governmental approvals already granted, such as
environmental permits; (iii) shortages or increases in the price of equipment reflected through change orders, materials or labor; (iv) the failure of contractors to complete
or commission the facilities or auxiliary facilities by the agreed-upon date; (v) opposition by local and/or international political, environmental and ethnic groups; (vi)
strikes; (vii) adverse changes in the political and regulatory environment in Chile; (viii) adverse weather conditions (ix) poor geological conditions; and (x) natural disasters,
accidents or other unforeseen events.
• This presentation may not be reproduced in any manner whatsoever. Any reproduction of this document in whole or in part is unauthorized. Failure to comply with this
directive may result in a violation of the Securities Act or the applicable laws of other jurisdiction.
• The information contained should not be relied upon by any person. Furthermore, you should consult with own legal, regulatory, tax, business, investment, financial and
accounting advisers to the extent that you deem it necessary, and make your own investment, hedging and trading decision based upon your own judgment and advice
from such advisers as you deem necessary and not upon any view expressed in this material.
• The Company is an issuer in Chile of securities registered with the Comisión para el Mercado Financiero, the Chilean Superintendency of Securities and Insurance, or
“CMF.” Shares of our common stock are traded on the Bolsa de Comercio de Santiago—Bolsa de Valores, or the Santiago Stock Exchange, the Bolsa Electrónica de Chile—
Bolsa de Valores, or Electronic Stock Exchange, and the Bolsa de Corredores—Bolsa de Valores, or the Valparaiso Stock Exchange, which we jointly refer to as the “Chilean
Stock Exchanges,” under the symbol “AESGENER.” Accordingly, we are currently required to file quarterly and annual reports in Spanish and issue hechos esenciales o
relevantes (notices of essential or material events) to the CMF, and provide copies of such reports and notices to the Chilean Stock Exchanges. All such reports are available
at www.cmfchile.cl and www.aesgener.com.
• All figures are expressed in US$ and rounded to the nearest million, unless indicated otherwise.
CORPORATE PRESENTATION
4Q-2018