Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Q3 2025 Earnings Presentation
34 slides from Enel Chile Sa's earnings presentation, Nov 4, 2025
Slide 1: Q3 & 9M Enel Chile Consolidated Results Presentation
Q3 & 9M Enel Chile Consolidated Results Presentation November 04th, 2025
Slide 2: Simone Conticelli, CFO
Simone Conticelli CFO CNC
Slide 3: Key highlights of the period
Key highlights of the period Portfolio Country and Business management Regulatory context profitability Remarkable performance of VAD 2024-28 Preliminary Stable 9M 2025 EBITDA thermal generation, offsetting lower Regulator technical report compared to previous year hydrological conditions published
Slide 4: Effective gas supply and optimization strategy to offset the lower hydro generation
Effective gas supply and optimization strategy to offset the lower hydro generation Enel Chile gas availability Enel Chile hydro generation and trading activities Historic hydro generation Snow levels Thermal generation (TWh) Maule and Laja basins (TWh) North Zone Gas Atacama Mejillones LNG gas pipe
Slide 5: Solid and diversified portfolio supports our commercial commitments, despite the drought period
Solid and diversified portfolio supports our commercial commitments, despite the drought period Net installed capacity Net production and energy balance (GW) (TWh) Net production 71% Portfolio mix evolution1 Spot performance 78% Emission free REN + BESS production 8.4 8.4 7.6 7.6 18.6 0.5 16.9 1.4 1
Slide 6: Main winter plan actions carried out in distribution to ensure stability and security of the grid
Main winter plan actions carried out in distribution to ensure stability and security of the grid Winter plan main actions1 Grids main KPIs 376 crews operating for emergency services, power outage response and restoration, tree trimming, among others 9M 2024 9M 2025 End users +1% 2.2 2.2 (million) 1
Slide 7: Important updates to the energy regulatory framework
Important updates to the energy regulatory framework Dx regulatory cycle (VAD) 2025 regulated tariff decree Other regulatory topics Initiation study VAD 2024-28 H1 2025 (estimated timeline) Consultant final report Dec-24 Generation Resolution regarding remuneration for (September 2025) component: BE
Slide 8: 2025 results show our resilient operational performance amid market challenges
2025 results show our resilient operational performance amid market challenges Economic & financial performance1 EBITDA Net income FFO (USD mn) (USD mn) (USD mn) Flat -21% +68% 1,005 1,004 615 446 8,5 352 366 9M 2024 9M 2025 9M 2024 9M 2025 9M 2024 9M 2025 Q3 408 345 -63 180 106 -73 315 211 -104 USD
Slide 9: Focused capital allocation to strengthen our grids and optimize the performance of our portfolio
Focused capital allocation to strengthen our grids and optimize the performance of our portfolio 9M 2025 CAPEX by business and by nature 1% 19% 27% 41% 245 245 USD mn USD mn 57% 24% 8,5 31% Grids Asset management Thermal Asset development REN + BESS Customers Others1 1. It includes Enel X and servic
Slide 10: Q3 2025 EBITDA evolution explained by the regulated PPAs' expiration
Q3 2025 EBITDA evolution explained by the regulated PPAs’ expiration EBITDA evolution (USD mn) -15% 408 Lower PPA Sales due to expiration of regulated contracts 17 345 3 5 (89) Sourcing and Gas Trading activities mainly driven by optimized gas sourcing strategy Grids & Others mainly explained by 202
Slide 11: 9M 2025 EBITDA remained stable, supported by optimized sourcing despite lower PPA sales
9M 2025 EBITDA remained stable, supported by optimized sourcing despite lower PPA sales EBITDA evolution (USD mn) Flat Sourcing strategy partially compensated the 1,005 27 37 1,004 192 PPA termination of some regulated contracts (13) (244) Gas Trading performance, driven by growth sales in both dome
Slide 12: 2025 Net income explained by depreciation growth related to new generation projects commissioning
2025 Net income explained by depreciation growth related to new generation projects commissioning Net income evolution (USD mn) -21% 446 Rise in D&A1 mainly attributable to new (1) REN assets and solar project impairment 20 10 352 (84) (38) Higher Financial Expenses primarily driven by reduced Inter
Slide 13: 2025 FFO anchored by PEC factoring and PEC recovery despite working capital seasonality
2025 FFO anchored by PEC factoring and PEC recovery despite working capital seasonality FFO evolution (USD mn) 285 PEC recovery includes 261 USD mn2 received through factoring in April 2025 1,004 (329) Working capital reflects seasonality effect (231) 615 and capex plan evolution (113) Taxes reflect
Slide 14: Strategic liquidity positioning to ensure financial flexibility and fulfill debt commitments
Strategic liquidity positioning to ensure financial flexibility and fulfill debt commitments Debt and liquidity Gross debt (USD mn)1 Liquidity position (USD bn) Debt maturities (USD bn)1 3% 11% 14% 29% 1.7 Stable 3,931 3,941 37% 385 373 1.1 1.0 USD bn 3,546 3,568 63% 0.5 0.4 0.1 Dec 31, 2024 Septemb
Slide 15: Closing remarks
Closing remarks Several significant regulatory updates expected in the coming months 2026 Investor Day Proactive initiatives addressing portfolio coming in dynamics and climate challenges, leveraging our operational resilience Q1 2026 Solid financial position and flexible business model enable pursu
Slide 16: Q3 & 9M 2025 Annexes
Ss Q3 & 9M 2025 Annexes enel
Slide 17: Q3 Profit & Loss (USD mn)
Q3 Profit & Loss (USD mn) Q3 2025 Q3 2024 ∆ qoq Reported EBITDA 345 408 -15% D&A (100) (83) +21% Bad Debt (10) (4) +120% Impairment (6) - n.m. Reported EBIT 229 320 -29% Financial expenses (73) (61) +19% Other non-financial result 5 5 +18% Reported EBT 161 263 -39% Income taxes (44) (66) -34% Minori
Slide 18: 9M Profit & Loss (USD mn)
9M Profit & Loss (USD mn) 9M 2025 9M 2024 ∆ yoy Reported EBITDA 1,004 1,005 0% D&A (275) (238) +16% Bad Debt (28) (16) +74% Impairment (35) - n.m. Reported EBIT 666 751 -11% Financial expenses (157) (113) +39% Other non-financial result 12 7 +81% Reported EBT 521 645 -19% Income taxes (137) (156) -1
Slide 19: Main business EBITDA breakdown
Main business EBITDA breakdown EBITDA Generation EBITDA Grids business line (USD mn) business line (USD mn) -23% -9% +194% +73% 983 893 120 31 411 69 316 11 Q3 2024 Q3 2025 9M 2024 9M 2025 Q3 2024 Q3 2025 9M 2024 9M 2025 19
Slide 20: Consolidation of our renewable matrix throughout the country
Consolidation of our renewable matrix throughout the country Central zone Net installed capacity7 5.6% PMGD 92 MW 78% REN + BESS 16.5% El Manzano3 99 MW +67 MW BESS 41.2% 2.3% 8.9 Los Cóndores4 153 MW Southern zone GW Don Humberto5 81 MW Renaico II 144 MW +67 MW BESS La Cabaña6 106 MW 34.5% North zo
Slide 21: Stable and diversified energy supply
Stable and diversified energy supply Argentine 3.7 GW natural Hydroelectric plants throughout the country Net installed gas capacity Gas Atacama gas pipeline operative (Argentina) Mejillones LNG Quintero LNG 2.0 GW Terminal Terminal Natural gas Net installed capacity Argentine gas contracts signed f
Slide 22: Commodities and Spot price outlook
Commodities and Spot price outlook Henry Hub (USD/mmBTU) Brent (USD/bbl) API 2 (USD/Ton) 9M 2025: 3.4 9M 2025: 71 9M 2025: 101 9M 2024: 2.1 9M 2024: 83 9M 2024: 110 3.9 4.0 90 3.5 3.5 3.4 85 3.2 3.2 3.3 3.1 84 83 85 122 122 2.9 80 82 81 114 119 115 120 112 2.6 2.5 2.6 2.3 74 76 74 74 110 106 110 106
Slide 23: Hydrology outlook
Hydrology outlook Historic Enel Chile hydro generation (TWh) Rainfall in our most relevant basins2 2015 11.8 2,200 4,000 1,800 2016 9.1 Cumulated rainfall (mm) 3,000 1,400 2017 9.7 2,000 1,000 2018 11.4 600 1,000 2019 10.6 Maule Bío-Bío 200 (34% of consolidated Gx) (25% of consolidated Gx) 0 0 2020
Slide 24: Enel Chile is the largest Utility player in Chile in installed capacity
Enel Chile is the largest Utility player in Chile in installed capacity Net installed capacity (GW) 9M 2025 Hydro Solar Wind BESS Geo CCGT O&G Total 9M 2025 2% North 22% Facilities (#) 1 16 7 - 2 1 2 29 Zone 41% 8.9 Net installed capacity (GW) 0.02 1.8 0.5 - 0.1 0.7 0.3 3.4 GW 34% Center Facilities
Slide 25: Enel Chile - Networks' business
Enel Chile - Networks’ business Overview Concession area: 9M 2025 End users 9M 2025 Physical energy sales 33 municipalities in the metropolitan region 2.2% 7.2% 0.5% 0.1% 36% 38% 2.2 11.0 mn TWh1 5% 90.0% 16% 5% Residential Industrial Others Residential Industrial Others Market share 44% Commercial
Slide 26: Glossary
Glossary Term Definition Term Definition AGM Annual general meeting LTM Last twelve months API2 Coal price reference indicator MPC Spanish acronym for client protection mechanism BESS Battery energy storage system MW Megawatt CAPEX Capital Expenditures NCRE Non conventional renewable energy CCGT Com
Slide 27: Credit Rating - Enel Chile and Enel Generación Chile
Credit Rating - Enel Chile and Enel Generación Chile International market Chilean market Enel Chile Enel Chile Standard & Poor’s Fitch Ratings Fitch Ratings Feller Rate BBB Stable BBB+ Stable AA+(cl) Stable AA(cl) Stable Enel Generación Enel Generación Standard & Poor’s Fitch Ratings Fitch Ratings F
Slide 28: Organization structure
Organization structure Enel Chile shareholders1 64.9% 0.8% 10.0% Chile 20.3% Pension Funds Market Cap2 Institutional Investors USD 5.2 bn ADR’s 4.0% 64.9% Enel SpA Others 100.0% 93.5% 99.1% 100.0% Green Power Chile Generación Chile Distribución Chile Enel X Chile 1. As of September 30, 2025 2. Marke
Slide 29: Management of the Company
Management of the Company G. Palumbo Chief Executive Officer C. Henríquez Procurement S. Conticelli Chief Financial Officer G. Grande ICT Real Estate and C. Navarrete Deputy Chief Financial Officer M. Rinchi General Services G. Manzulli People and Organization G. Palumbo Security (a.i.) J. Rodríguez
Slide 30: Corporate governance structure
Corporate governance structure1 Shareholders’ meeting Audit firm 43% BoD’s composition Board of Directors (7 members) 57% Executive of Enel SpA Independent Functions: Directors Committee Audit committe Sustainability committe Related parties transactions 1. As of September 30, 2025. 30
Slide 31: Board composition
Board composition Board of Directors Board of Directors’ diversity3 Marcelo Castillo Chairman Rodolfo Avogadro Director 43% Gender diversity 57% Salvatore Bernabei Director Male Female Valentina de Cesare Director 14% Directors’ Committee (C) María Teresa Vial1 43% Director Tenure Nationality divers
Slide 32: Policies, principles and codes
Policies, principles and codes Ethics, Integrity, Human Rights, and Diversity • Ethical code • Zero Tolerance Plan for Corruption • Global Compliance Program on Corporate Criminal Liability • Criminal Risk Prevention Model • Compliance Program for Free Competition Regulations • Human Rights Policy •
Slide 33: Contact us
Q3 & 9M 2025 consolidated results Contact us Contacts Email ir.enelchile@enel.com Channels – Follow us Herramienta: Youtube » Recursos educativos digitales Forma linkedin, square icon instagram icon facebook, square icon Descripción generada automáticamente con confianza media Isabela Klemes Head of
Slide 34: Disclaimer
Q3 & 9M 2025 consolidated results Disclaimer This presentation contains statements that could constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements appear in a number of places in this announcement and include statements re