Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Q1 2025 Earnings Presentation
32 slides from Enel Chile Sa's earnings presentation, Apr 30, 2025
Slide 1: First quarter Enel Chile Consolidated Results Presentation
First quarter Enel Chile Consolidated Results Presentation April 30th, 2025
Slide 2: Giuseppe Turchiarelli, CEO
Giuseppe Turchiarelli CEO enet
Slide 3: Key highlights of the period
Key highlights of the period Portfolio Country and Business management Regulatory context profitability Los Cóndores hydropower plant started VAD 2020-24 Decree published Strong EBITDA commercial operation in April 2025 and Net Income in February 2025 compared to previous year VAD 2024-28 Consultant
Slide 4: 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 (GW) Net production and energy balance (TWh) Net production Portfolio mix evolution1 78% REN + BESS 5.6% 8.5 8.5 Net Spot 73% 1.4 16.5% 6.1 7.7 7.7 1.4 5.6 Emission free 1.3 product
Slide 5: Several important updates to the regulatory framework to be announced within the next months
Several important updates to the regulatory framework to be announced within the next months Topics under discussion Distribution regulatory cycle Regulatory changes expected in Q2 2025 Distribution: VAD 2020-24 The Comptroller General’s Office approved the Decree on regulated tariffs VAD 2020-24. D
Slide 6: Simone Conticelli, CFO
Simone Conticelll CFO enet
Slide 7: Strong business performance in the first quarter of 2025
Strong business performance in the first quarter of 2025 Economic & financial performance1 EBITDA Net income FFO (USD mn) (USD mn) (USD mn) +25% +11% -5% 365 175 293 157 8,5 114 109 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 1. For comparative purposes, the figures for March 2024 in the financi
Slide 8: Investment focused on enhancing the resilience of our grids and the performance of our portfolio
Investment focused on enhancing the resilience of our grids and the performance of our portfolio Q1 2025 CAPEX by business and by nature 32% 29% 30% 68 68 52% USD mn USD mn 8,5 18% 39% REN + BESS Asset management Grids Asset development Thermal Customers 8
Slide 9: Strong Q1 2025 EBITDA results despite the negative impact of regulated PPAs' expiration
Strong Q1 2025 EBITDA results despite the negative impact of regulated PPAs’ expiration EBITDA evolution (USD mn)1 +25% Lower PPA sales mainly related to the termination of some regulated contracts 28 365 31 (4) 66 293 Supply performance benefits production costs optimization (49) Increased Grids ma
Slide 10: Net income for Q1 2025 reflects the EBITDA growth observed in the period
Net income for Q1 2025 reflects the EBITDA growth observed in the period Net income evolution (USD mn)1 +11% Increased D&A primarily driven by the new 72 REN projects in operation (15) (26) 1 175 Higher financial expenses mainly due to 157 (15) lower PEC interests and FX variation in the period High
Slide 11: Q1 2025 FFO remains stable reflecting optimal fund management
Q1 2025 FFO remains stable reflecting optimal fund management FFO evolution (USD mn)1 365 Working capital reflects seasonality effect and capex plan evolution (188) (38) 109 Taxes reflect better results (30) EBITDA Δ Working Income Financial FFO Financial expenses mainly explained by capital taxes e
Slide 12: Strong liquidity position to support debt maturities
Strong liquidity position to support debt maturities Debt and liquidity Gross debt (USD mn)1 Liquidity position (USD bn) Debt maturities (USD bn)1 Maturities/Gross Debt +2% 3,931 3,993 6% 10% 13% 28% 1.7 39% 385 416 1.1 1.1 0.8 USD bn 3,546 3,578 61% 0.4 0.5 1.1 0.2 0.2 0.5 0.9 0.2 0.2 0.1 0.1 Dec 3
Slide 13: Closing remarks
Closing remarks Our resilient and diversified business model supported results despite a challenging context Regulatory changes are still ongoing. It is important to continue monitoring the evolution of the regulatory framework Sound operational and financial performance in the quarter 13
Slide 14: First quarter 2025 Consolidated results Annexes
First quarter 2025 Consolidated results Annexes
Slide 15: First quarter Profit & Loss (USD mn)
First quarter Profit & Loss (USD mn) Q1 2025 Q1 20241 ∆ qoq Reported EBITDA 365 293 +25% D&A (84) (75) +12% Bad Debt (9) (4) +139% Impairment - - - Reported EBIT 272 214 +27% Financial expenses (26) 3 -887% Other non-financial result 3 1 +453% Reported EBT 249 218 +14% Income taxes (63) (48) +30% Mi
Slide 16: Main business EBITDA breakdown
Main business EBITDA breakdown EBITDA Generation EBITDA Grids business line (USD mn)1 business line (USD mn)1 +9% 316 289 +128% 49 22 Q1 2024 Q1 2025 Q1 2024 Q1 2025 1. For comparative purposes, the figures for March 2024 in the financial statements are converted using the average exchange rate for
Slide 17: Consolidation of our renewable matrix throughout the country
Consolidation of our renewable matrix throughout the country Central zone Net installed capacity7 PMGD 103 MW 5.6% 13 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 34.4% +
Slide 18: 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 19: Commodities and Spot price outlook
Commodities and Spot price outlook Henry Hub (USD/mmBTU) Brent (USD/bbl) API 2 (USD/Ton) Q1 2025: 3.7 Q1 2025: 76 Q1 2025: 102 Q1 2024: 2.2 Q1 2024: 83 Q1 2024: 105 3.9 3.5 3.5 3.4 90 84 85 85 122 82 83 114 119 115 120 2.5 2.5 2.6 2.6 80 81 112 2.6 2.3 74 76 74 74 110 106 110 106 1.9 1.9 99 1.6 1.6
Slide 20: 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 21: Focus on electrification through our integrated margin offering
Focus on electrification through our integrated margin offering Integrated offering – Main KPIs Grids main KPIs Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 REN + BESS capacity +7% Charging points2,3 +24% Energy distributed6 -2% (GW) 6.5 6.9 (‘000) 3.0 3.7 3.7 3.6 (TWh) REN + BESS capacity +1.2pp
Slide 22: 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) Q1 2025 Hydro Solar Wind BESS Geo CCGT O&G Total Q1 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 23: Enel Chile - Networks' business
Enel Chile - Networks’ business Overview Concession area: Q1 2025 End users Q1 2025 Physical energy sales 33 municipalities in the metropolitan region 2% 7% 1% 0% 35% 40% 2.2 3.7 mn TWh 4% 16% 90% 5% Residential Industrial Others Residential Industrial Others Market share 44% Commercial Tolls Commer
Slide 24: 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 25: 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 26: Organization structure
Organization structure Enel Chile shareholders1 64.9% 1.1% 8.4% Chile 21.1% Pension Funds Market Cap2 Institutional Investors USD 4.8 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 March 31, 2025 2. Market cap
Slide 27: Management of the Company
Management of the Company G. Turchiarelli Chief Executive Officer R. Puentes Procurement S. Conticelli Chief Financial Officer A. Barrios ICT Real Estate and C. Navarrete Deputy Chief Financial Officer M. Rinchi General Services G. Manzulli People and Organization A. Pinto Security G. Turchiarelli L
Slide 28: 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 April 30, 2025. 28
Slide 29: 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 30: 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 31: Contact us
First quarter 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 H
Slide 32: Disclaimer
First quarter 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 stateme