Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Investor Presentation (August 2022)
95 slides from Enel Chile Sa's investor presentation, August 2022
Slide 1: Corporate presentation
Corporate presentation Enel Chile August 2022
Slide 2: Market outlook
Market outlook eCnel
Slide 3: A country with attractive renewable sources…
A country with attractive renewable sources… Main geographic Main demographic Net ZERO: the topics1 topics4 unavoidable journey 757 +thousands km2 of land area 20 Total population million for Chile 4.3k from +kilometers Length North to 88% Population urban areas in 54% Renewable capacity South 40% P
Slide 4: …and appealing electrification potential...
…and appealing electrification potential... Electrification: the pathway for the energy Replacement of firewood transition heating by electric devices % participation of electricity in energy consumption in Chile1 54% Promoted by the 30% 2050E government 24% 2030E 2020 Net incremental electricity in
Slide 5: …bringing several additional opportunities through energy transition
…bringing several additional opportunities for our Company and clients through energy transition Main actions Electrification of the final consumers - Integrated offering for our (e-city, e-mobility, e-home) clients Expiring PPAs in the market will trigger - Increased presence of potential opportuni
Slide 6: Enel Chile at a glance
Enel Chile at a glance eCnel
Slide 7: Enel Chile at a glance
Enel Chile at a glance FY 2021 Integrated commercial Enablers of 8.1GW Installed capacity 71% renewable decarbonization strategy supported Unique and electrification by solid and in Chile 27.6TWh integrated diversified assets Sales to regulated and free clients1 utility in Chile Bringing forward Sus
Slide 8: Our main priorities
Our main priorities Our commitments to enable … translate into our main priorities for 2022-2024 clients’ needs… Sound commercial ESG Sustainable and Affordable and strategy excellence resilient growth clean energy Commodity / service ESG reference in the Shield margins sales growth in the region, f
Slide 9: Strategic actions
Strategic actions eCnel
Slide 10: Our strategic actions
Our strategic actions Enhancing the resiliency of our portfolio in a 1 under pressured context Allocating capital to support commercial growth 2 centered in our clients Maximizing the value for our clients through 3 electrification 4 Bringing forward Net Zero 9
Slide 11: The adverse context remains with new caveats…
The adverse context remains with new caveats… Co-uncorrelated events of the system impacting market Hydrology remains hammered by a historic drought Hydro national production (TWh) 20.8 20.6 16.5 10.2 10.9 -11% 8.7 8.1 Others 7.5 10.6 9.7 4.3 4.0 Enel Chile Thermal units Transmission lines 7.7 unava
Slide 12: …carrying us to take several corporate actions…
…carrying us to take several corporate actions… …we’ve put in place a conservative gas … while we continue focusing in …and highlining the importance of policy, to guarantee higher volumes… reducing non-hedged positions adaptability Enel Chile gas consumption Q2 2022 8 MMm3/d 6 4 2 0 ene.-21 feb.-21
Slide 13: …while we continue working to speed up our renewables platform
…while we continue working to speed up our renewables platform all over the country… Net installed capacity3 7% 4% 71% Renewable Central zone 18% PMGD2 86 MW Southern zone 8.1 43% Renaico II 144 MW GW Los Cóndores 150 MW La Cabaña 106 MW 28% +30 MW BESS Hydro Oil-Gas Rihue 120 MW Wind, Solar & Geoth
Slide 14: …better perspective for the second half of the year
… all elements together could be catalyzed by a better perspective for the second half of the year Snowing period representing a good perspective … which together with our corporate actions will enable us to for the next melting season … maintain a resilient portfolio H2 2022 scenario and actions La
Slide 15: Our commitments towards decarbonization and electrification remain on track
Our commitments towards decarbonization and electrification remain on track despite temporary effects Quality and Digitalization continues to … also for decarbonization of our matrix … all in all, backboned by an ESG be key towards electrification… and our clients’ final consumption… leadership posi
Slide 16: Our strategic actions
Our strategic actions Enhancing the resiliency of our portfolio in a 1 under pressured context Allocating capital to support commercial growth 2 centered in our clients Maximizing the value for our clients through 3 electrification 4 Bringing forward Net Zero 15
Slide 17: Investments to improve our portfolio resiliency…
Investments to improve our portfolio resiliency… Investments centered on clients’ needs… …focused on SDG goals 1% 21% 93% aligned to SDGs 2022-24 2022-24 7% 2.6 USD bn 2.6 USD bn >90% aligned to 71% EU taxonomy 93% Renewables Thermal Networks Enel X SDG related 16
Slide 18: …supporting commercial strategy with geographic diversification
…supporting commercial strategy with geographic diversification and solid client's portfolio… Portfolio by off-taker PPAs geographic location PPAs by residual duration 2021 2024E 2021 +5% 15% 22% 22% 33% 35% 27.6 42% 26% 9 years TWh 31% avg. 29.0 70% 65% 36% duration TWh 43% 14% 13% Free market & ot
Slide 19: …creating value in an integrated strategy
…creating value in an integrated strategy Integrated Approach Commercial Strategy Total Generation sales (TWh)1 Commodities Services 29.6 28.5 29.0 27.6 21.9 Product 57% PPA + & Services 50% 64% 63% 62% 37% 38% 43% +35 other 50% 36% companies Beyond Commodity strategy enhances our 2020 2021 2022E 20
Slide 20: Our strategic actions
Our strategic actions Enhancing the resiliency of our portfolio of 1 assets and commercial strategy Allocating capital to support commercial growth 2 centered in our clients Maximizing the value for our clients through 3 electrification 4 Bringing forward Net Zero 19
Slide 21: Grid infrastructure evolution is key to enable electrification
Grid infrastructure evolution is key to enable electrification on our clients and digitization … Energy Distributed1 (TWh) Main KPIs Main digitization KPIs1 +7% 2021 H1 2022 2024E 2021 H1 2022 2024E End users High 2.0 2.1 2.2 100% 100% 100% 8.5 (mn) Voltage (%) 7.9 Losses2 Medium 5.2 5.3 5.0 85% 90%
Slide 22: …improving our client's journey through digitalized channels
… with the main goal of improving our client's journey through new digitalized channels… Commercial service at a glance Main KPIs Digitization strategy principles 2021 H1 2022 2024E Our journey in numbers1 Clients App 541 593 760 Platformization and digitization users (´000#) Clients' digital 90% 92
Slide 23: …innovative technologies to bring value added services to all clients
… leveraged on innovative technologies to bring value added services to all clients Leading the energy transformation Enel X main KPIs FY 2021 H1 2022 2024E Decarbonizing Charging Points1-2 1,206 1,702 4.9k industrial consumption (public and private) 905k tons Electric buses1-3 1,490 1,600 2.6k Elec
Slide 24: Our strategic actions
Our strategic actions Enhancing the resiliency of our portfolio of 1 assets and commercial strategy Allocating capital to support commercial growth 2 centered in our clients Maximizing the value for our clients through 3 electrification 4 Bringing forward Net Zero 23
Slide 25: Net zero emissions is a win-win strategy for ALL
Net zero emissions is a win-win strategy for ALL Our consistent journey… 2030 Paving the way to a renewable future Zero Coal >85% capacity Speeding up Boosting Renewable Decarbonization renewables announcement decarbonization capacity 2024 2021 2022 80% 2019 2020 ~1 GW Expected disconnection date Re
Slide 26: Acceleration of Net Zero supported by electrification and renewables
Acceleration of Net Zero supported by electrification and renewables … 2021 2023E 2024E 2040E SCOPE 1 Anticipating GENERATION (gCO2e/kWh) 273 <100 <90 0 our Net zero target to 2040 NET ZERO Main actions (from 2050) using Coal phase-out by Sep 20221 the Just Transition Accelerate renewables deploymen
Slide 27: …recognized by the leading ESG raters
… being our long-term strategy recognized by the leading ESG raters 4.6 AA AA 88 88 B A 84 3.4 3.2 B/A C 2019 2020 2021 2021 2019 2020 2021 2019 2020 2021 Scale from 0 to 100 Scale from D- to A Scale from CCC to AAA Scale from 0 to 5 B 87 54 57 83 49 B- C 77 72 2019 2020 2021 2019 2020 2021 2019 202
Slide 28: Plan in numbers 2022-24
2022-24 Plan in numbers eCnel
Slide 29: Generation capex driven by decarbonization strategy…
Generation capex driven by decarbonization strategy… Generation CAPEX 2022-24 Add capacity Total CAPEX Development CAPEX New plan1 2% 14% 11% 11% Others NCRE 78% 3% 2022-24 20% 2022-24 2.0 USD bn 1.7 USD bn 76% 5% 57% 21% 5% 10% 86% 1% Development Capex Solar Wind Thermal Hydro Others NCRE 1. Additi
Slide 30: … bringing additional flexibility to our portfolio...
… bringing additional flexibility to our portfolio... Production evolution (TWh) CO2 free production (%) Energy balance (TWh) +20% +5% 22.9 27.6 27.6 29.0 29.0 19.0 +34 p.p 2024 5.5 6.1 3.3 10.6 0.6 2.5 16.5 17.5 7.7 +92% 22.9 0.8 10.4 2021 19.0 4.9 10.1 12.5 2.3 1.8 0.0 2021 2024 +58% 2021 2024 Coa
Slide 31: … reflected in generation business line's EBITDA improvements
V 02 … reflected in generation business line’s EBITDA improvements EBITDA evolution over 2021E-2024 (USD bn) Main performance indicators 2021 2024E CAGR +34% PPA price3 (USD/MWh) 71 66 -2% 1.4 -0.03 FY 20211 0.6 0.21 EBITDA 1.0 adjusted1 23 +28% 0.16 (USD/MWh) 0.35 48 0.7 EBITDA1 proforma 39 +7% (US
Slide 32: Networks investments to support electrification and performance
Networks investments to support electrification and performance Capex tailored to improve performance and electrification EBITDA evolution over 2021E-2024 (USD bn) 2022-24 | 0.5USD bn +45% FY 20211 32% 0.27 33% 0.16 0.02 46% 0.03 0.19 0.02 42% 0.02 68% 42% 21% 58% Quality & Resiliency Distribution 5
Slide 33: Value services pushing for electrification and value creation
Value services pushing for electrification and value creation for our clients Enel X strategy Enel X CAPEX EBITDA evolution over 2021E-2024 (USD mn) Enabling electrification and Net-Zero pathways +110% B2B 13% FY 20211 5% (2) 46 - Partner to optimize energy costs and emissions 2022-24 24 10 25 USD m
Slide 34: EBITDA increase in a more conservative hydrology scenario
EBITDA increase in a more conversative hydrology scenario EBITDA evolution over 2021E-2024 (USD bn) EBITDA Old vs. New Plan 22-23 (USD bn) +38% -19% FY 20211 1.7 0.06 3.1 0.8 0.25 1.2 (0.5) 2.5 0.16 (0.1) (0.3) 0.3 0.9 0.35 12.1 TWh/y 9.9 TWh/y Adj. 2021E1 Hydro and 2021E Sourcing Gx Growth Gx, Netw
Slide 35: Financial management 2022-24
2022-24 Financial management
Slide 36: Strong cash generation financing our diversification strategy
Strong cash generation financing our diversification strategy, with available optionality Source of funds allocation 2022-24 Net debt evolution 2021E - 2022 with Strategic plan scenario (USD bn)1 Asset rotation optionality (USD bn) FY 20211 4.6 2.9x 5.1 3.0 0.3 4.7 0.1 Net Debt/ (0.7) 1.0 EBITDA 202
Slide 37: Asset Rotation strategy on track
Asset Rotation strategy on track. First transaction already signed contributing our leverage’ optimization Tx Asset description Main valuation KPIs 2022 Expected timeline 683 km USD 1,345 mn Jul 28th … Dec Transmission lines Equity Value (99.09%)1 60 Signing FNE Buyer Tender Closing Payment USD 1,52
Slide 38: Strategy also supported by sustainable instruments
Strategy also supported by sustainable instruments to fund our growth Financial flexibility & main ratios Debt maturity by year (USD bn)1 FY 2021 FY 2024E SDG-linked gross 1.0 2.7 3.1 debt USD bn CO2 emissions 8% 17% 13% 8% (gCO2eq/kWh) Share of sustainable 2023 2024 finance 21% 52% <100 <90 2.3 Avg
Slide 39: Financial targets 2022-24
2022-24 Financial targets eCnel
Slide 40: Strategic plan targets
Strategic plan targets 2021 2022E 2023E 2024E EBITDA1 0.8 1.0 - 1.1 1.4 - 1.5 1.6 - 1.7 (USD bn) USD bn USD bn USD bn USD bn Net Income1 0.2 0.2 - 0.3 0.5 - 0.6 0.6 - 0.7 (USD bn) USD bn USD bn USD bn USD bn Dividend payout 30% 30% 50% 50% 1. Adjusted by decarbonization impairment and Voluntary Reti
Slide 41: 2022 EBITDA guidance supported by better-than-expected hydrology
2022 EBITDA guidance supported by better-than- expected hydrology and management actions Last years Gx Adj. EBITDA Adj. Enel Chile EBITDA Guidance (USD bn)2 Seasonality Evolution (2017-2020)1 1.0-1.1 New macro, Improvements ~60% commodities and Gx Seasonality hydrological ~40% scenarios are 0.3 chal
Slide 42: Q2 & H1 2022 Financial results
Q2 & H1 2022 Financial results
Slide 43: 2022 Adjusted Financial highlights (USD mn)
2022 Adjusted Financial highlights (USD mn) 1 EBITDA2 Net Income3 CAPEX FFO Performance mainly Lower EBITDA partially Renewable’ 2021 FFO includes due to Commodities offset by better deployment in line with 189 USD mn of PEC price effect financial result the strategy factoring H1 2022 313 102 499 (2
Slide 44: Sustainable capex plan
Sustainable capex plan Robust CAPEX plan pursuing the climate goals H1 2022 Capex by business and by nature1 H1 2022 Development CAPEX1 7% 3% Capex allocation 15% by Quarter (2022) 14% 5% 499 499 397 Q1 15% USD mn USD mn USD mn +12% yoy +12% yoy +10% yoy Q2 33% 80% 79% Q3E 26% 97% Networks & Enel X
Slide 45: Q2 2022 Adjusted EBITDA evolution
Q2 2022 Adjusted EBITDA evolution Results mainly driven by indexation coming from commodities and FX rates EBITDA evolution (USD mn)1 Main KPIs Q2 2021 Q2 2022 yoy -54% Hydrology 1.7 1.6 -10% Mainly due to (TWh) 12 Commodity price 100 effect Gx Sales3 6.7 7.4 +10% (11) (TWh) 203 Energy 4.0 4.3 +9% (
Slide 46: H1 2022 Adjusted EBITDA evolution
H1 2022 Adjusted EBITDA evolution Results mainly driven by indexation coming from commodities and FX rates EBITDA evolution (USD mn)1 Main KPIs H1 2021 H1 2022 yoy -21% Hydrology 3.8 3.4 -11% Mainly due to (TWh) 190 20 Commodity price effect Gx Sales3 13.1 15.5 +18% (27) (TWh) 395 (100) Energy 7.9 8
Slide 47: Generation Business portfolio
Generation Business portfolio Main KPIs performance Net production (TWh) Energy sales evolution (TWh) +8% +11% +10% +0.5 TWh 7.4 new renewable 6.7 0.1 0.2 10.2 0.4 capacity 2.6 2.9 9.2 2.0 4.2 4.5 4.7 5.1 1.5 0.8 53% Emission free Q2 2021 Δ Production Δ Purchases Δ Net spot2 Q2 2022 0.7 1.0 1.2 0.7
Slide 48: Main business forecast
Main business forecast Generation & Networks businesses EBITDA performance Adjusted EBITDA evolution (USD mn)1 -21% 395 Lower Gx Adj. EBITDA mainly due to higher commodity and spot prices 41 313 (8) (116) Networks higher Adj EBITDA as a result of indexation, demand and VAT4 conclusion H1 20212 Gener
Slide 49: Adjusted Net Income
Adjusted Net Income USD mn1 -3% EBITDA penalized by high spot prices mainly 105 due to commodities 49 102 (1) 59 D&A mainly reflects renewable’ connections to the grid and CLP devaluation (82) Lower financial expenses mainly due to the factoring (28) cost of the PEC account booked in H1 2021 H1 EBIT
Slide 50: FFO
FFO USD mn 313 EBITDA results driven by higher commodity and spot prices (144) Q2 (211) Stabilization mechanism playing an import role on the Q2 2022; new law approved to address it (187) (35) (100) (219) Working capital driven by payment seasonality Adjusted Stabilization Working Δ Income Financial
Slide 51: Debt (USD mn)
Debt (USD mn)1 Liability management to reduce the cost of debt to 3.9% (4.4% in H1 2021) Gross debt Liquidity Position Debt maturities (USD bn) +13% Maturities/Gross Debt 5,669 3.1 5,004 304 8% 17% 13% 8% 367 38% 0.5 2.3 USD bn 5,365 62% 4,637 1.0 0.7 0.5 0.5 0.7 0.2 0.7 0.1 0.3 Dec 31, 2021 Jun 30,
Slide 52: Q2 & H1 2022 Financial results Annexes
Q2 & H1 2022 Financial results Annexes
Slide 53: Q2 Profit & loss (USD mn)
Q2 Profit & loss (USD mn)1 Q2 2022 Q2 2021 ∆ yoy Adjusted EBITDA2 92 203 -54% Reported EBITDA 51 176 -71% D&A (72) (61) +18% Bad Debt (12) (4) +191% Impairment 0 0 N.A. Reported EBIT (33) 111 -130% Financial expenses (20) (66) -69% Results from equity 2 0 -1948% investments Reported EBT (51) 45 -214
Slide 54: H1 Profit & loss (USD mn)
H1 Profit & loss (USD mn)1 H1 2022 H1 2021 ∆ yoy Adjusted EBITDA2 313 395 -21% Reported EBITDA 251 356 -29% D&A (140) (122) +15% Bad Debt (19) (9) +107% Impairment 0 0 N.A. Reported EBIT 92 224 -59% Financial expenses (56) (112) -50% Results from equity 3 0 +676% investments Reported EBT 39 112 -65%
Slide 55: Main regulatory updates in the period
Main regulatory updates in the period 2.0 Stabilization Mechanism Distribution main updates (Generation business) Basic Service Law <250 Government Subsidies to residential’ clients 1,800 MUSD Mechanism (MPC) to kWh/month subsidies up to 15% affected by COVID avoid regulated tariff increase to the o
Slide 56: Commodities and Marginal cost outlook
Commodities and Marginal cost outlook Henry Hub (USD/mmbtu) Brent (USD/bbl) API 2 (USD/Ton) 8.9 118.8 123.7 113.3 112.7 389.0 7.3 98.2 104.4 6.6 352.9 6.3 5.8 6.2 5.4 87.2 83.7 81.4 325.3 319.3 5.3 73.0 75.0 70.8 74.6 74.1 4.6 65.6 64.7 68.7 231.4 4.0 4.0 4.4 62.2 328.1 173.0 3.6 54.8 167.2 194.5 13
Slide 57: Construction of several projects towards a more renewable matrix
During the last 2 years, we’ve started the construction of several projects towards a more renewable matrix Net Installed End of Boosting H2 Capacity (MW) Construction Finis Terrae 1261 2022 Enel Chile is developing the First pilot project for green hydrogen PMGD (I & II) production in Chile 862 202
Slide 58: Hydrology outlook
Hydrology outlook Better perspective for second half Rainfall in our most relevant basins1 600 Rapel 2500 Maule (9% of consolidated Gx) (34% of consolidated Gx) 500 Cumulated rainfall (mm) Cumulated rainfall (mm) 2000 400 1500 300 1000 200 100 500 0 0 sep oct nov feb abr may ago ene mar jun jul dic
Slide 59: Credit Rating
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 Ref. January/2022 Ref. January/2022 Ref. January/2022 Ref. June/2022 Enel Generación Enel Generación Standard & Poor’s Fitch Ratings
Slide 60: Organization structure
Organization structure Enel Chile shareholders1 1.4% 64.9% 6.8% 22.2% Pension Funds Chile Market Cap2 Institutional Investors 2.3 $ bn ADR’s 4.7% Enel SpA 64.9% Others 100.0% 93.5% 99.1% 99.1% 100.0% 49.0% Green Power Generación Chile Transmisión Chile Distribución Chile Enel X Chile Non-consolidate
Slide 61: Enel Chile
Enel Chile Largest Utility player in Chile in installed capacity and number of clients Renewables generation1 Thermal generation1 Networks1 Valle del Sol Tarapacá TG Azabache Finis Terrae Cerro Pabellón Pampa Norte Atacama Domeyko Sol de Lila Valle de los Vientos Sierra Gorda Este Distribution Lalac
Slide 62: Corporate governance structure
Corporate governance structure Shareholders’ meeting Audit firm 14% 43% BoD’s composition Board of Directors (7 members) 43% Non executive Executive Independent Functions: Directors Committee Audit committe Sustainability committe Related parties transactions 61
Slide 63: Board composition
Board composition Board of Directors Board of Directors’ diversity Herman Chadwick Chair 29% Monica Girardi Director 57% Age Gender diversity diversity Isabella Alessio Director 43% 71% 41-50 Over 50 Male Female Salvatore Bernabei Director Directors’ Committee (C) Fernán Gazmuri 43% Director. Tenure
Slide 64: Management of the company
Management of the company Management Team Sustainability & Community F. Barderi Chief Executive Officer A. Pellegrini Relations G. Turchiarelli Chief Financial Officer R. Puentes Procurement L. Schnaidt People and Organization A. Barrios Digital Solutions D. Gomez Regulation M. Rinchi Services & Sec
Slide 65: Strategic Plan 2022-2024 Annexes
2022-2024 Strategic Plan Annexes
Slide 66: Main assumptions Plan 2022-2024
Main assumptions Plan 2022-2024 Macroeconomics GDP Demand Growth CPI (%) (%) (%) 2022E 2023E 2024E 2022E 2023E 2024E 2022E 2023E 2024E 2.7% 3.6% 3.4% 3.4% 3.4% 2.9% 2.5% 2.8% 3.0% Commodities Henry Hub Brent (USD/MMbtu) (USD/bbl) 2022E 2023E 2024E 2022E 2023E 2024E 3.3 3.0 2.7 66.0 63.0 62.0 Margina
Slide 67: Main sensitivities for 2022-2024 figures
Main sensitivities for 2022-2024 figures Annual Impact on 2022-24 EBITDA (USD mn) +10% +1% Genco Sales Hydrology ~100 ~6 -10% ~(100) -1% ~(6) +10% -10% -10% GAS ~(10) ~5 Commodities (Henry Hub) ~15 OIL ~(20) ~15 +10% (Brent) ~(25) COAL ~5 ~(5) (API2) 66
Slide 68: Capex by Business line
Capex by Business line Gross CAPEX (USD bn) CAPEX 2022-24 allocation (USD bn) 1.0 Business line 2021 2022E 2023E 2024E ∑ 2022-24 0.01 0.2 0.9 Renewables 0.9 0.8 0.6 0.5 1.8 0.1 0.01 0.7 0.2 0.01 Thermal 0.0 0.1 0.1 0.1 0.2 0.1 0.2 Networks 0.2 0.2 0.2 0.2 0.5 0.1 0.8 Enel X 0.0 0.0 0.0 0.0 0.0 0.6 0
Slide 69: Installed Capacity and Production by Technology
Installed Capacity and Production by Technology Installed capacity (GW) Production (GWh) +27% +20% 4% 4% 6% 8% 0% 8% 12% 15% 37% 41% 18% 8.0 10.1 19.0 22.9 45% 46% GW GW TWh TWh 26% 46% 25% 43% 17% 2021 2024E 2021 2024E Coal CCGT Oil&Gas Hydro Renewables (ex - Hydro + BESS) 68
Slide 70: ESG Annexes
ESG Annexes eCnel
Slide 71: 2022 CEO's short-term variable remuneration
2022 CEO’s short-term variable remuneration Macro objective Objective Type of target Weight Range Maximum Profitability Net Income Chile 15% Economic 120% Integrated gross Maximum Profitability 15% Economic margin Chile 120% Maximum Financial FFO Chile 20% Financial 120% Maximum Business Strategy Ch
Slide 72: 2021 Main ESG KPIs
2021 Main ESG KPIs Environmental Social Governance Emissions intensity Network losses Total female Annual average of Independent g/kWh % workforce training hours directors/BoD 273 5.2 24% 61 3/7 Water consume Emissions free intensity installed capacity Total female Female (l/kWh) % management Turnov
Slide 73: Coal phase-out actions centered in a just and inclusive approach
Coal phase-out actions centered in a just and inclusive approach Circular Economy Circular Economy: boost secondary market for materials and new life cycle for infrastructure Just Transition approach towards Repurposing the decarbonization Analyzing several alternatives for the land use Coal Unit Cl
Slide 74: Circular Economy Opportunities
Circular Economy Opportunities • Low exposure to • New Technologies as commodities' price enabling solutions • Low exposure to • New models that environmental risks create value from use vs. sale • Minimize environmental • Keep the value of impacts materials over time • Maintenance + Services • Valu
Slide 75: Circular Economy
Circular Economy Circular Production and use model based on renewable Inputs inputs or previous life cycles (reuse and recycling) Fog collection in PV Reuse of concrete from plants damaged poles Life Approach to the design and management of an asset extension or product in order to extend its useful
Slide 76: Suppliers
Suppliers Environmental Circular Safety Human Rights Economy Partnership with suppliers Rating Offer Contracts Contract Human rights and ethics Sustainabe K-factor Global Compact management Health and safety Circuar design Principles Supplier Performance Management Environment Enel’s Code of Ethics
Slide 77: Our workers
Our workers In figures By gender By age By years worked Handicap workers 6%5% 24% 22% 22% 5 33% 44% 2,215 2,215 2,215 13% 14 9 76% 9% 34% 11% Male Female 30< 31-40 3< 3-6 Women Men 41-50 51-61 6-9 9-12 over 12 1. As of December 31, 2021. 76 2. Source: 2021 Integrated Report.
Slide 78: Workers
Workers1 Union rate Voluntary turnover Turnover rate rate 77 3.1 10.2 6.7 74 2.8 4.3 73 2.7 2019 2020 2021 2019 2020 2021 2019 2020 2021 1. Source: 2021 Sustainability report 77
Slide 79: Diversity and inclusion
Diversity and inclusion Diversity and inclusion are essential factors in the Enel Group approach to create long term value for all stakeholders Enel Group puts in place an organic set of actions aimed at: allowing expression of people uniqueness ensuring non discrimination, equal Purpose opportuniti
Slide 80: 2021 workforce training
Training, development and people care initiatives1 2021 worforce training Enel Chile offers its employees a series of training 24% initiatives to provide them with the necessary skills to perform their daily activities, which also contributes to 149,549 their career development and mobility within t
Slide 81: Succession planning and handover processes
Succession planning and handover processes1 Succession planning involves identifying people that have the talent to take on management positions and designing development programs tailored to them. This is a central, sensitive, and strategic process that impacts KPIs and promotes generational change
Slide 82: Health and safety
Health and safety1 Total accidents Accident frequency (own workers + external) 0.76 24 0.52 14 2020 2021 2020 2021 1. Source: 2021 Sustainability report. 81
Slide 83: Wellbeing
Wellbeing The Company has a benefit plan for workers and their families Supplemental Collective Health Supplementing the Financial Support Health Insurance Insurance Occupational Disability For people with an indefinite or fixed term Subsidy Grant contract For people with an indefinite or fixed term
Slide 84: Sustainable Development Goals
Sustainable Development Goals Enel Chile’s commitment 83 making specific contributions, without excluding the company’s contribution to reaching the rest of the goals.
Slide 85: Enel Chile First Integrated report
Enel Chile First Integrated report Check out for more Our first Integrated Report and the Sustainability Report are aligned with the SASB, GRI, WEF and TCFD standards Direct link: Send us your feedback: ir.enelchile@enel.com 2021 Integrated Report 2021 Sustainability report (English & Spanish) (Engl
Slide 86: 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 87: Regulatory framework Annexes
Regulatory framework Annexes
Slide 88: Electricity sector
Electricity sector Business segments Generation Transmission Distribution (Natural Monopoly) (Natural Monopoly) Generation companies Unegulated customers Transmission Subtransmission Spot market Distribution Contracts grids Regulated customers Generation companies Free clients VI1: USD 8.5 million V
Slide 89: Generation business
Generation business Revenue sources Capacity payment Energy sales Ancillary services Spot market Intended to provide a reliable, Supply and demand determine the hourly marginal price safe and quality operation of Defined by the regulator electricity system through the Regulated Prices performance of
Slide 90: Regulated Tariff
Regulated Tariff Generation segment The CNE organizes public biddings for long-term energy supply for regulated clients. Awarding of the electricity tender seeks the most efficient mix for customers The resulting lower price is passed through to customers Short-term average price: Fare adjustments w
Slide 91: Regulated Tariff
Regulated Tariff Bill components breakdown1 Bill of final client2 (Average) Energy Transmission Distribution cost cost cost (VAD) 74% 10% 16 % 1. Source: Enel Chile 2021 Sustainability report. 90 2. Estimated composition percentage of a residential customer’s average bill without taxes.
Slide 92: Regulated Tariff
Regulated Tariff Distribution segment Indefinite administrative concessions (DFL1 - 1982) Tariff cycle: 4 years – Tariff process for 2020-2024 period in progress Return on investment according to the value of assets: • Recognition of asset value according to optimized network (New Replacement Value
Slide 93: Regulated Tariff
Regulated Tariff Transmission segment Regulated monopoly Experts board (Panel de Expertos) to resolve disputes between Regulator and Agents Existing real assets at market prices Variable discount rate (7% post Tax) Remunerated extension via tenders Revenue Cap (Tariff cycle: 4 years) 2020 – 2023: ne
Slide 94: Disclaimer
Corporate presentation 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 regarding the
Slide 95: Contact us
Corporate presentation Contact us Contacts Email ir.enelchile@enel.com Channels Follow us Website Isabela Klemes Enel.cl Head of Investor Relations Enel Chile Investor Relations team Mobile App Catalina González Enel Investors Claudio Ortiz Pablo Contreras Download app Francisco Basauri iOS Android