Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Q2 2025 Earnings Presentation
34 slides from Enel Chile Sa's earnings presentation, Jul 30, 2025
Slide 1: Q2 & H1 Enel Chile - Consolidated results
Q2 & H1 Enel Chile - Consolidated results July 30th, 2025
Slide 2: Gianluca Palumbo, CEO
Gianluca Palumbo CEO enet
Slide 3: Key highlights of the period
Key highlights of the period Portfolio Country and Business management Regulatory context profitability Q2 2025 hydro generation in line with VAD 2024-28 Consultant’s final report +10.4% higher H1 2025 EBITDA last year's levels expected to be published in Q3 2025 compared to previous year Notable pe
Slide 4: Hydro generation and commodity management actions to offset Chile's challenging energy context
Hydro generation and commodity management actions to offset Chile’s challenging energy context Enel Chile Hydro generation Enel Chile gas availability System avg. hourly spot price (TWh) and trading activities H1 2025 has been marked by… Thermal generation North Zone Unavailability and restrictions
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 70% Portfolio mix evolution1 Spot performance 78% Emission free REN + BESS production 8.5 8.5 7.4 7.4 12.1 1.1 1.0 11.5 1
Slide 6: Important updates to the energy regulatory framework contributing to a more constructive outlook
Important updates to the energy regulatory framework contributing to a more constructive outlook Dx regulatory cycle H2 2025 regulated tariff decree Regulatory agenda Initiation study Second half of 2025 PNP decree Updates are expected in the VAD 2024-28 (estimated timeline) Consultant final report
Slide 7: Simone Conticelli, CFO
Simone Conticelli CFO enet
Slide 8: H1 2025 results highlight our operational resilience and the flexibility of our portfolio
H1 2025 results highlight our operational resilience and the flexibility of our portfolio Economic & financial performance1 EBITDA Net income FFO (USD mn) (USD mn) (USD mn) +10% -8% 7.8x 659 403 597 267 8,5 246 52 H1 2024 H1 2025 H1 2024 H1 2025 H1 2024 H1 2025 Q2 304 293 -3% 110 71 -39 (63) 295 +35
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 H1 2025 CAPEX by business and by nature 1% 19% 29% 40% 157 157 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: Q2 2025 EBITDA shows resilience amid regulated PPAs' expiration and transmission bottlenecks
Q2 2025 EBITDA shows resilience amid regulated PPAs’ expiration and transmission bottlenecks EBITDA evolution (USD mn) Lower PPA Sales due to expiration of regulated contracts and volume -3% reductions in some regulated PPAs 25 7 304 293 92 (14) Optimized Sourcing due to strong portfolio (13) mix de
Slide 11: H1 2025 EBITDA growth driven by optimized sourcing and solid Grids contribution
H1 2025 EBITDA growth driven by optimized sourcing and solid Grids contribution EBITDA evolution (USD mn) Lower PPA sales mainly related to the termination of some regulated contracts +10% 34 22 659 597 189 (14) (13) Strong Sourcing performance driven by reduced energy purchases in the spot market a
Slide 12: H1 2025 Net income supported by strong operational performance despite the non-cash accounting effects
H1 2025 Net income supported by strong operational performance despite the non-cash accounting effects Net income evolution (USD mn) -8% 62 267 Rise in D&A1 mainly attributable to solar (56) 4 246 project impairment and new REN assets (28) (3) Higher Financial Expenses primarily driven by reduced In
Slide 13: H1 2025 FFO anchored in April-25 PEC factoring and PEC recovery through tariff
H1 2025 FFO anchored in April-25 PEC factoring and PEC recovery through tariff FFO evolution (USD mn) 269 PEC factoring executed in April 2025 for an amount of 261 USD mn2 659 (256) Working capital reflects seasonality effect 403 and capex plan evolution (187) (82) Taxes reflect results growth trend
Slide 14: Robust liquidity position to support debt commitments and market volatility
Robust liquidity position to support debt commitments and market volatility Debt and liquidity Gross debt (USD mn)1 Liquidity position (USD bn) Debt maturities (USD bn)1 Maturities/Gross Debt +1% 3% 10% 15% 28% 3,931 3,970 35% 1.7 385 320 0.9 USD bn 1.1 0.8 3,546 3,650 65% 0.4 0.6 1.1 0.9 0.1 0.2 0.
Slide 15: Closing remarks
Closing remarks Dx winter plan advancing successfully, ensuring reliable service and timely project delivery Proactive initiatives actively addressing portfolio dynamics and climate challenges, leveraging our operational resilience Solid financial position and flexible business model enable pursuit
Slide 16: Q2 & H1 2025 Annexes
Ss Q2 & H1 2025 Annexes enel
Slide 17: Q2 Profit & Loss (USD mn)
Q2 Profit & Loss (USD mn) Q2 2025 Q2 2024 ∆ qoq Reported EBITDA 293 304 -3% D&A (90) (79) +13% Bad Debt (9) (8) +13% Impairment (29) - n.m. Reported EBIT 166 217 -24% Financial expenses (58) (55) +6% Other non-financial result 4 2 +120% Reported EBT 111 164 -32% Income taxes (30) (42) -28% Minoritie
Slide 18: H1 Profit & Loss (USD mn)
H1 Profit & Loss (USD mn) H1 2025 H1 2024 ∆ hoh Reported EBITDA 659 597 +10% D&A (174) (154) +13% Bad Debt (18) (11) +56% Impairment (29) - n.m. Reported EBIT 437 431 +1% Financial expenses (84) (52) +63% Other non-financial result 7 2 +205% Reported EBT 360 382 -6% Income taxes (93) (90) +3% Minori
Slide 19: Main business EBITDA breakdown
Main business EBITDA breakdown EBITDA Generation EBITDA Grids business line (USD mn) business line (USD mn) -8% +1% +6% +51% 571 576 39 88 37 282 59 260 Q2 2024 Q2 2025 H1 2024 H1 2025 Q2 2024 Q2 2025 H1 2024 H1 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 PMGD 92 MW 5.6% 5.6% 10 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.
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) H1 2025: 3.5 H1 2025: 72 H1 2025: 101 H1 2024: 2.1 H1 2024: 84 H1 2024: 108 3.9 4.0 90 3.5 3.5 3.4 3.2 3.2 84 85 85 122 122 82 83 114 119 115 120 2.6 80 81 112 2.6 2.5 2.6 2.3 74 76 74 74 110 106 110 106 99 1.9
Slide 23: Hydrology outlook
Hydrology outlook Historic Enel Chile hydro generation (TWh) Rainfall in our most relevant basins2 2,200 4,000 2015 11.8 1,800 Cumulated rainfall (mm) 2016 9.1 3,000 1,400 2017 9.7 2,000 1,000 2018 11.4 600 1,000 Maule Bío-Bío 2019 10.6 200 (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) H1 2025 Hydro Solar Wind BESS Geo CCGT O&G Total H1 2025 2% North 22% Facilities (#) 1 15 7 - 2 1 2 28 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: H1 2025 End users H1 2025 Physical energy sales 33 municipalities in the metropolitan region 2% 7% 1% 0% 35% 39% 2.2 7.2 mn TWh 90% 5% 16% 5% Residential Industrial Others Residential Industrial Others Market share 44% Commercial Tolls Commer
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% 1.1% 8.4% Chile 21.1% Pension Funds Market Cap2 Institutional Investors USD 4.5 bn ADR’s 4.5% Enel SpA 64.9% Others 100.0% 93.5% 99.1% 100.0% Green Power Chile Generación Chile Distribución Chile Enel X Chile 1. As of June 30, 2025 2. Market cap
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 A. Pinto Security J. Rodríguez Legal an
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 June 30, 2025. 30
Slide 31: Board composition
Board composition Board of Directors Board of Directors’ diversity3 Marcelo Castillo Chair 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 diversity
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
Q2 & H1 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
Q2 & H1 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