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Annual Report 2014 CONTENIDO 01 La Compañía 10 Descripción del Negocio y 02 Mercados 16 03 Gestión de Negocio 2014 40 04 Gobierno Corporativo 74 05 Nuestra Gente 86 Responsabilidad Social 06 Empresarial y Medio Ambiente 94 07 Información Complementaria 102 08 EE.FF AES Gener S.A. 118 Produce energía a través de generación termoeléctrica convencional, hidroeléctrica y ciclo combinado. EXITOSO EMISIÓN AUMENTO DE DE UN BONO POR CAPITAL POR US$800 US$150 MILLONES MILLONES EN ANGAMOS EXTENSIÓN DE LA PRINCIPAL MAYOR CONCESIÓN GENERADOR DE AGUA EN CHILE EN EN CHIVOR 2014 RESUMEN DE AES GENER Capacidad de generación actual: 5.082 MW Capacidad en construcción: 1.256 MW Participación en cuatro mercados independientes: SIC y SING en Chile, SIN en Colombia y SADI en Argentina Portafolio diversificado:Fuentes de generación, clientes y mercados Clasificación de riesgo de grado de inversión:BBB- (Fitch y S&P) y Baa3 (Moody’s) Resumen Financiero en MUS$ y al 31 de Diciembre 2012 2013 2014 Ganancia Bruta 589.893 536.386 510.079 EBITDA 660.702 623.029 671.215 Ganancia atribuible a los propietarios de 202.933 201.321 183.651 la controladora Activos Totales 5.831.406 6.591.902 6.836.897 Pasivos Corrientes 491.298 892.249 710.849 Pasivos No Corrientes 2.859.087 3.062.687 3.761.689 Participación No Controladoras 3.354 93.610 51.807 Patrimonio atribuible a los propietarios de 2.477.667 2.543.356 2.312.552 la controladora Total Ingresos 2012 2013 2014 2.327.721 2.244.790 2.328.406 EBITDA por Mercado 2014 SIN 262.931 39,2% SIC 253.586 37,8% SING 122.921 18,3% SADI 31.777 4,7% Total 671.215 CARTA DEL PRESIDENTE A LOS ACCIONISTAS medio de la única línea de transmisión internacional que tiene Chile; y logramos la renovación por 50 años de la principal concesión de agua de Chivor en Colombia. La empresa registró un EBITDA 8% superior al de 2013. El mejor resultado que significan los US$671 millones, comparado a los US$623 millones del año anterior, se debe principalmente al aumento de la generación de las plantas de la Compañía, tanto en sus operaciones en Chile como en Colombia. Lo anterior resalta la sólida posición de la empresa en cuanto 6 a la excelencia operacional y diversificación de su portfolio tanto en términos de tecnologías como de mercados. 2014 Continuamos siendo la compañía con Si bien la utilidad de la Compañía cayó en el período un 9%, esta disminución se debe a la amortización de los gastos más centrales en construcción apoyando diferidos asociados al refinanciamiento de la deuda de la al país en la diversificación de su matriz filial Eléctrica Angamos, la depreciación del peso argentino y en menor medida el peso chileno y colombiano con energética, con proyectos que emplean en respecto al dólar estadounidense. forma directa a más de 11.000 trabajadores. El año 2014 marcó un hito en la historia de AES Gener MEMORIA ANUAL AES GENER MEMORIA ANUAL debido a la mayor generación mencionada anteriormente, a la magnitud del crecimiento de la mano de socios de clase mundial como Global Infrastructure Partners, Mitsubishi y Estimados accionistas: Antofagasta Minerals y a la innovación para maximizar valor apalancándonos en las plataformas existentes. Tengo el agrado de dirigirme a ustedes para dar cuenta de la gestión de AES Gener durante el 2014. En lo que se refiere a crecimiento, la empresa tiene 5 proyectos de generación que incrementarán la capacidad Podemos definir el 2014 como un año de innovación, de instalada en 1.256 MW. Dichos proyectos son Alto Maipo nuevos desafíos y de gran contribución de nuestra empresa (531 MW hidroeléctricos en el SIC)1, Cochrane (532 MW en todos los mercados en los que operamos, situación que de carbón en el SING)2, Andes Solar (21 MW fotovoltaicos nos llena de satisfacción. en el SING de un total de 220 MW), Guacolda V (152 MW de carbón en el SIC) y Tunjita (20 MW hidroeléctrica de Fuimos la empresa con mayor generación en Chile, aportando pasada en el SIN)3. el 28% de la generación total del país, y continuamos siendo la compañía con más centrales en construcción apoyando En lo que respecta a innovación, no sólo hemos iniciado al país en la diversificación de su matriz energética, con el desarrollo de una tecnología que hasta el momento proyectos que emplean en forma directa a más de 11.000 no había sido abordada por la Compañía: como lo es la trabajadores y que incrementarán la capacidad instalada generación fotovoltaica, sino que además iniciamos la de nuestra empresa en Chile en 1.236 MW para el año 2018. construcción de una planta desalinizadora, adyacente a la Asimismo, alcanzamos el récord en generación en la central central Angamos en Mejillones, que permitirá reducir los TermoAndes en Argentina, se terminaron las pruebas para costos de consumo propio y en una futura etapa, vender la exportación de energía desde Chile hacia Argentina por agua desalada a terceros. La Compañía, continuando con la optimización de su es una muestra de ello. Durante el año, 40 habitantes de estructura de capital, ejecutó varias transacciones, siendo la esta comuna, entre ellos 15 micro emprendedoras mujeres, más relevante el refinanciamiento de la deuda de Eléctrica muchas de ellas madres jefas de hogar, se capacitaron en Angamos mediante la colocación de un bono con clasificación nuevas tecnologías de la información. de grado de inversión en los mercados internacionales por un total de US$800 millones con vencimiento en 2029. También tuvimos nuestro programa de entrega de becas de estudio de preuniversitario en Puchuncaví, a partir del cual El trabajo en equipo de toda la compañía nos ha permitido los jóvenes, año tras año, han subido considerablemente seguir mejorando en el ranking de Great Place to Work. su nivel de educación. Por otra parte, en el marco del Primer Premio Nacional en La generación de empleos y promoción del consumo de Sustentabilidad, organizado por la Fundación Recyclápolis bienes y servicios locales es parte de nuestra responsabilidad y El Mercurio, AES Gener recibió dos segundos lugares como empresa, incidiendo positivamente en la economía 7 en las categorías “Aire” por el proyecto “Biorefinerías de de las comunas donde tenemos presencia. San José de gases industriales” de Central Ventanas y en la categoría Maipo es un buen ejemplo de ello. 2014 “Agua” por “Torres de Refrigeración” de Central Angamos. La comuna está abasteciendo de bienes y servicios a la La gestión ambiental de AES Chivor, también fue reconocida. construcción del proyecto Alto Maipo, lo que contribuye al La Fundación Siembra Colombia en su índice le entregó los desarrollo de la economía local; y asimismo más del 20% Sellos Oro tanto para la categoría Gestión Ambiental como de los trabajadores del proyecto son de la zona. para la categoría Gestión de la Biodiversidad. Señores accionistas, los resultados obtenidos por AES Gener La obtención de estos premios constituye un reconocimiento durante el ejercicio del año 2014 son una muestra de los MEMORIA ANUAL AES GENER MEMORIA ANUAL al compromiso que AES Gener tiene con el medio ambiente, permanentes esfuerzos que cada uno de los trabajadores el que día a día se manifiesta con la incorporación de las de la Compañía realiza cada día para que mantengamos mejores prácticas e implementación de las más modernas un lugar de liderazgo entre las principales generadoras de tecnología en nuestras unidades. Sudamérica, sin perder de vista la necesidad de ser una gran empresa para trabajar y un pilar importante para el La inserción y apoyo a las comunidades en donde se desarrollo de cada uno de los países en los que operamos. encuentran ubicadas nuestras plantas y donde se desarrollan nuestros proyectos forman parte de la misión que como Agradezco a ustedes la confianza depositada en la Compañía, empresa tenemos. La Compañía impulsa diversas iniciativas en el directorio que presido y en sus más de mil empleados. de contribución a la comunidad, basadas en su política Gracias a la dedicación, esfuerzo y compromiso de cada de relacionamiento comunitario, con el claro objetivo de uno de ellos AES Gener es energía confiable para Chile, contribuir a mejorar la calidad de vida de nuestros vecinos. Colombia y Argentina. Ejemplo de ello son los programas de apoyo a jóvenes y estudiantes que estamos desarrollando en cada una de las comunidades aledañas a nuestras operaciones. Estos están orientados a entregar herramientas que ayuden a estos jóvenes a tener un mejor futuro, orientados hacia la movilidad social, a través de la educación y la capacitación. ANDRÉS GLUSKI W. El centro POETA AES que construimos en San José de Maipo Presidente del Directorio (1) Sistema Interconectado Central, Chile. (2) Sistema Interconectado del Norte Grande, Chile. (3) Sistema Interconectado Nacional, Colombia. directorio Y administracióN al 31 de diciembre de 2014 DIRECTORES TITULARES directores SUPLENTES ANDRÉS GLUSKI STEPHEN COUGHLIN PRESIDENTE Bachelor of Science in Commerce, University of Virginia, Master in Economics, University of Virginia, USA USA. M.B.A., UC Berkeley, USA Ph.D. in Economics and International Finance, University Pasaporte: 445104208 of Virginia, USA Estadounidense Pasaporte: 6024620 Venezolano ARMINIO BORJAS MARTÍN GENESIO Abogado, Universidad Católica Andrés Bello, Venezuela Ingeniero Electrónico, Universidad Nacional de Río Cuarto, Pasaporte: D0259811 Argentina 8 Venezolano Pasaporte: 25715530N Argentino 2014 IVÁN DÍAZ-MOLINA VARSOVIA VALENZUELA Ingeniero Civil, Universidad Nacional de Córdoba, Argentina Ingeniero Comercial, Pontificia Universidad Católica de Master of Science, Carnegie-Mellon University, USA Chile,
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