Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Q1 2026 Earnings Presentation
30 slides from Enel Chile Sa's earnings presentation, Apr 29, 2026
Slide 1: Enel Chile - Consolidated results
First quater Enel Chile - Consolidated results April 29th, 2026
Slide 2: Gianluca Palumbo, CEO
Gianluca Palumbo CEO eCnNel
Slide 3: Key highlights of the period
Key highlights of the period Portfolio Country and Business management Regulatory context profitability Hydro production broadly in line with 2026 Positive EBITDA expectations, while higher Argentine gas availability Contribution, +16% higher at competitive price resulted in lower spot prices compar
Slide 4: Active portfolio management actions, aligned with the guidance; BESS expansion well on track
Active portfolio management actions, aligned with the guidance; BESS expansion well on track Enel Chile sourcing portfolio BESS projects under construction Hydro generation Gas management Las Salinas Valle del Sol Azabache (TWh) 10.3 10.7 Argentine gas agreement securing fixed volumes for 16 months
Slide 5: Well-balanced generation mix continues to improve our energy balance
Well-balanced generation mix continues to improve our energy balance, supporting our commercial positioning Net installed capacity Net production and energy balance (GW) (TWh) Net production Portfolio mix evolution1 70% Net Spot2 5% Emission free production 7.7 7.7 7.5 7.5 1.3 1.3 17% 5.6 5.4 1.3 0.
Slide 6: Advancing through operational execution in grids, with Dx framework opportunities under monitoring
Advancing through operational execution in grids, with Dx framework opportunities under monitoring Distribution tariff review process Grids Main Kpis VAD 2024-28 (estimated timeline) Q1 2025 Q1 2026 6% Returns 1.1% (real terms post tax) End users 2.2 2.2 Expert (million) Enel Dx VNR = 2.11 bn USD co
Slide 7: Simone Conticelli, CFO
Simone Conticelli CFO eCnNel
Slide 8: Q1 2026 results reflect solid operation execution in a volatile market environment
Q1 2026 results reflect solid operation execution in a volatile market environment Economic & financial performance EBITDA Net income FFO (USD mn) (USD mn) (USD mn) +58 -13 +13 423 365 175 162 122 109 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 8
Slide 9: Capital investments focused on the development of our project portfolio and grid strengthening
Capital investments focused on the development of our project portfolio and grid strengthening Q1 2026 CAPEX by business and by nature Asset development 31% 28% 36% ~75% REN + BESS 111 111 USD mn 52% USD mn +64% vs PY +64% vs PY ~25% Grids 8,5 12% 41% REN + BESS Asset management Thermal Asset develo
Slide 10: Q1 2026 EBITDA growth is supported by our portfolio management optimization
Q1 2026 EBITDA growth is supported by our portfolio management optimization and diversification strategy EBITDA evolution (USD mn) Q1 2025 Q1 2026 Integrated business up by 67 USD mn thanks to: i. lower gas and spot energy costs 50 41 ii. gas optimization initiatives iii. partially offset by negativ
Slide 11: Net income for Q1 2026 reflects EBITDA growth despite negative financial effects
Net income for Q1 2026 reflects EBITDA growth despite negative financial effects Net income evolution (USD mn) -7% Higher EBITDA supported by more efficient 58 integrated margin sourcing (14) 175 162 Increase in D&A1 mainly attributable to (51) (5) 0 new REN + BESS assets in operation Higher Financi
Slide 12: Q1 2026 FFO remains stable reflecting optimal fund management
Q1 2026 FFO remains stable reflecting optimal fund management FFO evolution (USD mn) 423 Net working capital reflects seasonality effect and capex plan evolution (161) Taxes reflect higher tax payment in the generation business (93) 122 (48) Financial expenses mainly explained by Δ Net working Finan
Slide 13: Solid liquidity position to support our investments and debt maturities
Solid liquidity position to support our investments and debt maturities Debt and liquidity Gross debt (USD mn)1 Liquidity position (USD bn) Debt maturities (USD bn)1 +1% 11% 14% 29% 3% 1.7 3,841 3,882 1.1 41% 462 454 1.1 USD bn 59% 0.6 3,379 3,429 0.4 0.1 Dec 31, 2025 Mar 31, 2026 2026 2027 2028 202
Slide 14: Closing remarks
Closing remarks 1 Our resilient and diversified business model continues to support results even in a volatile context 2 Electrification is emerging as a key growth driver, and we are well positioned to support the country’s evolving energy needs 3 Comfortable financial position and a flexible busin
Slide 15: Q1 2026 Annexes
Q1 2026 Annexes enel
Slide 16: Q1 Profit & Loss (USD mn)
Q1 Profit & Loss (USD mn) Q1 2026 Q1 2025 Δ qoq Reported EBITDA 423 365 +16% D&A (99) (84) +17% Bad Debt (9) (9) -4% Impairment - - N.A Reported EBIT 316 272 +16% Financial expenses (78) (26) x3 Other non-financial result 4 3 +33% Reported EBT 242 249 -3% Income taxes (68) (63) +8% Minorities (12) (
Slide 17: Main business EBITDA breakdown
Main business EBITDA breakdown EBITDA Generation EBITDA Grids1 business line (USD mn) business line (USD mn) +22% -18% 386 316 50 41 Q1 2025 Q1 2026 Q1 2025 Q1 2026 1. Grids refers to Enel Distribución Chile S.A. 17
Slide 18: Hydrology outlook
Hydrology outlook Historic Enel Chile hydro generation (TWh) Rainfall in our most relevant basins1 2,200 4,000 2017 9.7 1,800 Cumulated rainfall (mm) 3,000 2018 11.4 1,400 2,000 2019 10.6 1,000 600 1,000 2020 9.7 Maule Bío-Bío 200 (32% of consolidated Gx) (33% of consolidated Gx) 0 0 2021 7.7 2,200
Slide 19: Commodities and Spot price outlook
Commodities and Spot price outlook Henry Hub (USD/mmBTU) Brent (USD/bbl) API 2 (USD/Ton) 7.5 Q1 2026: 5.0 Q1 2026: 80.6 Q1 2026: 108 Q1 2025: 3.7 Q1 2025: 75.7 Q1 2025: 102 104 4.7 4.4 3.9 4.0 120 3.5 3.3 3.1 3.4 3.2 79 75 106 102 104 104 99 3.5 2.9 2.8 73 71 96 96 96 71 99 93 93 3.0 68 68 68 3.2 64
Slide 20: Enel Chile is the largest Utility player in Chile in installed capacity and number of clients
Enel Chile is the largest Utility player in Chile in installed capacity and number of clients Q1 2026 Hydro Solar Wind BESS Geo CCGT O&G Total Net installed capacity Q1 2026 North 22% Facilities (#) 1 16 7 - 2 1 1 28 Zone Net installed capacity (GW) 0.02 1.8 0.5 - 0.1 0.7 0.2 3.4 41% 2% 8.9 GW 35% C
Slide 21: Enel Chile - Networks' business
Enel Chile - Networks’ business Overview Concession area: Q1 2026 End users Q1 2026 Physical energy sales 33 municipalities in the metropolitan region 2% 9% 7% 0.1% 16% 41% 2.2 3.7 mn TWh1 33% 90% Residential Tolls Market share 44% Commercial Industrial & Others in terms of energy sales in 2024 1. I
Slide 22: 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) CWN Enel Generación Enel Generación Standard & Poor’s Fitch Ratings Fitch Ratings Fell
Slide 23: Organization structure
Organization structure1 Enel Chile shareholders 64.9% 9% 21% 4% 1% Chile Market Cap2 6.2 USD bn 100.0% 93.5% 99.1% 100.0% Green Power Chile Generación Chile Distribución Chile Enel X Chile 65% Pension Funds Enel SpA Institutional Investors Others ADR’s 1. As of March 31, 2026; 2. Market cap as of Ap
Slide 24: 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 L. Sánchez People and Organization M. Pino Security N. Fernández Legal and
Slide 25: 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 Directors Committee Functions: Audit committe Sustainability committe Related parties transactions 1. As of December 31, 2025. 25
Slide 26: 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 27: 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 28: Glossary
Glossary Term Definition Term Definition AGM Annual General Meeting KPI Key performance indicator ANAC Spanish acronym for National Automotive Association of Chile LNG Liquefied natural gas API2 Coal price reference indicator LTM Last twelve months BESS Battery energy storage system MPC Spanish acro
Slide 29: Contact us
First quarter 2026 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 H
Slide 30: Disclaimer
First quarter 2026 consolidated results Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements regarding the current expectations, intentions, plans,