Enel Americas S.A. · BCS:ENELAM
Enel Americas — Investor Presentation (March 2022)
31 slides from Enel Americas's investor presentation, March 2022
Slide 1: Enel Américas Corporate Presentation March 2022
Américas Américas Enel Américas Corporate Presentation March 2022
Slide 2: Enel Américas as part of Enel Group
Enel Américas as part of Enel Group Américas Enel Group is leading the new energy world… 1st network 53 GW 37 GW 7.7 GW 69 mn operator1 Renewable capacity2 Conventional Demand response Customers4 capacity3 373 GW Renewable pipeline New services enable Leading decarbonization decarbonization and Worl
Slide 3: Enel Américas at a glance
Enel Américas at a glance Diversified investment vehicle with ESG principles integrated in our long-term strategy Américas Strong presence in EBITDA (1) Net Income (1) key countries in Latin US$ 4.1 bn US$ 0.7 bn America Company data Staff (1) 16,461 people Key KPIs Installed Capacity (1) One of the
Slide 4: Corporate and ownership structure
Corporate and ownership structure Américas Business structure1 Ownership structure3 Retail Pension ADRs 0.9% funds 1.8% Other 7.6% shareholders Institutional investors 82.3% 17.7% 7.4% # shares Américas 107,281,698,561 Enel S.p.A 82.3% Argentina Brazil Colombia2 Peru Cent. Am.2 Market Cap4: US$ 12.9
Slide 5: Key investment considerations
Key investment considerations Américas Américas Diversified investment vehicle in the region with ESG principles integrated in our long-term strategy Proven M&A track record with accretive results Distribution: Regulated business with attractive returns Generation: Renewable portfolio with growth th
Slide 6: Diversified investment vehicle in the region
Diversified investment vehicle in the region Enel Américas is Latin America’s largest private power company Américas Central Argentina Brazil Colombia Peru America Installed GENERATION 4,419 4,981 3,589 2,294 646 capacity (MW) Energy sales 13.1 26.4 17.7 11.4 2.6 (TWh) Market share1 11% 5% 25% 21% -
Slide 7: Proven M&A track record with accretive results
Proven M&A track record with accretive results Expansion of operations in the region through inorganic growth Américas Largest Private Inorganic growth trough M&A: Strong financial NEW GROWTH Utility in LatAm Consolidation in Dx & Gx businesses position PHASE Capital increase Generation business Dis
Slide 8: Distribution: regulated business with attractive returns
Regulated business with Distribution attractive returns Américas Main KPIs EBITDA (US$ bn) 2019 2020 2021 1% +14% End users 10% (mn) 25.2 25.6 26.2 2.2 2.0 Energy distributed 25% FY 2021 (TWh) 120.6 115.2 119.8 US$ 2.2 bn 64% SAIDI (hours) 12.4 10.8 9.8 SAIFI Argentina Brazil (times) 5.8 5.2 4.7 FY
Slide 9: Distribution concessions with clear parameters
With clear parameters for our Distribution concessions Américas Argentina Brazil Colombia Peru Business model Price cap Price cap Revenue cap Price cap WACC real pre tax 12.5% 10.8% 11.5% 12.0%2 Next Regulatory 20231 2023 2024 2022 Period Regulatory Period 5 (Rio, Goias) 5 5 4 Length (years) 4 (Cear
Slide 10: Generation: portfolio mainly renewable technologies
Portfolio mainly represented by Generation renewable technologies Américas Installed Capacity1 EBITDA (US$ mn) 1% 8% 7% +42% 69% Renewable 13% +4.7 GW vs PY 16% 2.0 FY 2021 29% 1.4 Hydro US$ 2.0 bn 17% 44% 15.9 GW Wind & Solar CCGT Oil-gas 40% Coal 24% Argentina Brazil FY 2020 FY 2021 Colombia Peru
Slide 11: +2.7 GW of capacity already in execution
64% +2.7 GW of capacity already in execution, representing 77% of our 2024 renewable target Américas Projects in execution By COD By technology 2% 7% 11% 23% 37% 2.7 GW 50% 2.7 GW 2.7 GW 37% 63% 70% Brazil Colombia Panama Peru 2022 2023 2024 Wind Solar New projects in execution Brazil Colombia Peru
Slide 12: Flexible portfolio of projects representing ~56 GW
INTERNAL Flexible portfolio of projects representing ~56 GW, enabling the path to decarbonization Américas Gross Pipeline (GW)1 ~56 ~31 ~25 Gross Pipeline Early Stage Mature Stage Gross Pipeline by country Gross Pipeline by technology 1% 15% 28% 17% 56 GW 56 GW 72% 67% • Brazil Colombia Peru C. Amer
Slide 13: Enel X and Retail strategic actions
Enel X Developing a portfolio to reach the Retail electrification process of each client…. Américas Assist customers in decarbonization and in a more efficient use of energy, Mission through electrification and digitalization Enel X Create new value through the offer of new products and services ELE
Slide 14: With continuous improvement in our key KPIs
With continuous improvement in our key KPIs Américas Enel X Retail1 2019 2020 2021 Charging stations (k#) 0.6 1.8 3.3 Delivery points (#) Energy sold (TWh) Smart lighting 4.6 0.8 0.8 0.8 20.3 (final light points, mn#) 3.5 16.6 15.4 2.8 e-Buses - 0.1 0.9 PV (MWρ installed) 12 19 30 2019 2020 2021 201
Slide 15: Contributing to the Group GHG emissions reduction target
Contributing to the Group reduction target in GHG emissions, in line with the 1.5° scenario Américas -80% 500 .000 450 .000 400 .000 350 .000 414 FULL 300 .000 250 .000 298 DECARBONIZATION 200 .000 Scope 11 150 .000 227 (gCO2eq/kWh) 100 .000 148 82 50. 000 0.0 00 2017 2019 2021 2023 2030 2040 Previo
Slide 16: ESG positioning
ESG positioning Yearly improvements in ESG scores Américas MSCI S&P Dow Jones FTSE Russell Moody’s ESG Refinitiv CDP1 Solutions AA AA AA 4.1 84 3.8 56 83 B 85 3.5 53 81 83 81 47 2019 2020 2021 2019 2020 2021 2019 2020 2021 2019 2020 2021 2019 2020 2021 2021 Scale from CCC to AAA Scale from 0 to 100
Slide 17: 2022-2024 Strategic Plan
Américas Américas 2022-2024 Strategic Plan Américas
Slide 18: EBITDA growth with significant CAPEX commitments
EBITDA growth with significant CAPEX commitments… Américas 2021 2024 % EBITDA (US$ bn) 4.1 4.9-5.4 +20%-30% Group net income (US$ bn) 0.7 1.2-1.6 +68%-110% Net debt (US$ bn) 5.9 9.1-10.4 Cumulative CAPEX 2022-24 (US$ bn) 8.9 Rounded figures. 17
Slide 19: Networks and Renewables leading our investment plans
…with Networks and Renewables leading our investment plans for future growth Américas CAPEX (US$ bn) EBITDA (US$ bn) By country +20% - 30% 4.9 - 5.4 1% 3% 12% 9% 8% 4.1 8% 9% 4% 13% 27% 20% 19% Argentina Brazil Colombia 2021 2024 33% US$ 2.9 bn Peru C. America 51% US$ 3.0 bn 47% 62% 65% 4% 7% 2021 2
Slide 20: Generation EBITDA up driven by renewables growth
Generation EBITDA up driven by renewables growth Américas EBITDA evolution 2021-24 (US$ bn) Contracted energy (TWh) Financial KPIs +8%-17% 2021 2024 TWh 17.2 19.0 2.0 - 2.2 Brazil 2021 2024 % 83% 100% 1.9 EBITDA/MWh (US$/MWh)1 25.3 25.5-27.8 TWh 14.9 12.9 Colombia % 100% 90% 91% OPEX/MW 75% 20 19 TW
Slide 21: Networks EBITDA increase on higher asset base
Networks EBITDA increase on higher asset base, improved demand and lower OPEX Américas EBITDA evolution 2021-24 (US$ bn) RAB1 (US$ bn) Financial KPIs +19%-36% 14.6 +26% 2.3 – 2.7 11.6 2021 2024 1.9 EBITDA/Grid customer 74 84 - 96 (US$/grid customer) OPEX/Grid customer 37 27 (US$/grid customer) RAB/G
Slide 22: Significant growth for Retail and Enel X from Brazil
Significant growth for Retail and Enel X mainly coming from Brazil Américas EBITDA evolution 2021-24 (US$ bn) EBITDA evolution 2021-24 (US$ bn) +53-75% +61-81% 5% 10% 4% 16% 0.39 - 0.45 26% 0.11 – 0.13 26% 2024 2024 0.39 – 0.45 0.11 – 0.13 0.08 US$ bn 0.26 US$ bn 69% 44% Argentina Brazil Argentina B
Slide 23: OPEX savings by ~US$ 0.2 bn
OPEX savings by ~US$ 0.2 bn mainly coming from initiatives in Networks and Retail in Brazil Américas OPEX evolution (US$ bn) +13% Efficiencies mostly related to network digitalization & platformization 0.1 0.3 1.8 1.6 (0.2) 2021 Fx & CPI ∆ Perimeter Efficiencies 2024 22 Rounded figures.
Slide 24: Incremental debt expands at a lower pace than CAPEX
Incremental debt expands at a lower pace than our CAPEX commitments Américas FFO / Net debt evolution Financial expenses on debt (US$ bn) 0.84 0.76 40% 33% Net debt / EBITDA 1.4x 1.7x1 2021 2024 2021 2024 Net debt (US$ 5.9 9.1 – 10.4 bn) Gross debt (US$ bn) 7.4 11.2 – 12.7 23 Rounded figures. (1) Ex
Slide 25: Solid liquidity position and smooth maturities
Solid liquidity position and smooth maturities, with an average life of 3.6 years Américas Liquidity and debt maturity by year (US$ bn) Credit profile Gross debt 2021: US$ 7.4 bn Baa2 Stable Maturities/Gross debt 19% 16% 20% 3.1 BBB- 1.5 Stable 4.1 3.3 A- 1.5 1.4 1.2 1.5 Stable Available 2022 2023 2
Slide 26: Thank you.
Contact us Américas Contacts Email - ir.enelamericas@enel.com Channels Website Mobile App www.enelamericas.com Enel Américas Investors Rafael de la Haza Head of Investor Relations Download App iOS Android Investor Relations team Jorge Velis Javiera Rubio Nicolás Gracia Francisco Basauri Monica De Ma
Slide 27: Annexes
Américas Américas Américas Enel Américas Annexes March 2022
Slide 28: Corporate governance structure
Corporate governance structure Américas Shareholders’ meeting Audit firm 43% BoD’s composition Board of Directors (7 members) 57% Executive Independent Functions: Directors Committee Audit committe Sustainability committe Related parties transactions 27
Slide 29: Board composition
Board composition Américas Board of Directors Board of Directors’ diversity1 Borja Acha Besga Chair 43% 29% Francesca Gostinelli Director 14% Age Gender diversity 14% diversity Giulia Genuardi Director 29% 71% 41-50 51-60 Male Female José Antonio Vargas Director 61-70 over 70 14% 14% Directors’ Comm
Slide 30: CEO's short-term variable remuneration
CEO’s short-term variable remuneration Américas Type of Target Objective Weight Range Profit Net Income 25% Maximum 120% Economic Latin America FFO Financial 15% Maximum 120% Latin America Business Customer's operations 20% Maximum 120% Claims Business 20% Maximum 120% (Commercial operations) Safety
Slide 31: Américas
Américas Américas