Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Non-Deal Roadshow (June 2020)
43 slides from Enel Chile Sa's roadshow presentation, June 2020
Slide 1: Enel Chile Corporate Presentation | NDR June 2020
Enel Chile Corporate Presentation | NDR June 2020 1
Slide 2: Company Representatives
Company Representatives Paolo Pallotti Chief Executive Officer Enel Chile Giuseppe Turchiarelli Chief Financial Officer Enel Chile Isabela Klemes Head of Investor Relations Enel Chile Ollague 2 Chile
Slide 3: Key investment considerations
Key investment considerations Diversified and resilient long-term investment vehicle in energy sector in the country Leading decarbonization process with no coal exposure by 2022 First renewable operator in Chile with 76% renewable capacity by 2022 Diversified long-term contract position Boosting en
Slide 4: Enel Chile: Diversified long-term investment vehicle
Enel Chile Diversified long-term investment vehicle 4 Lalackama Chile
Slide 5: Enel Chile as part of Enel Group
Enel Chile as part of Enel Group Enel Group is leading the new energy world… 1st network 46 GW 39 GW 6.3 GW 70 mn operator1 Renewable capacity2 Conventional capacity3 Demand response customers4 Leading decarbonization New services enable World’s largest private player Largest retail customer base in
Slide 6: Our positioning
Our positioning We are the largest utility in Chile with a strong, unique and resilient portfolio1 4.7 GW capacity Largest renewable player 64% emission free 17.1 TWh energy distributed 4.7 GW renewable Capacity 13.8 TWh generation 2.0 mn end users 66% emission free EBITDA 1.5 Benchmark 2019 (USD bn
Slide 7: Strategy Rationale
Strategy Rationale Leading energy transition, boosting renewables and electrification at a national level Generation Distribution Enel X +2GW 2019 2022 2019 2022 Renewable capacity SAIDI LTM1 454 184 160 Charging points4 2,954 8.7 (minutes) 7.2 Smart lighting Telecontrol equipment3 2,148 2,969 (000’
Slide 8: Strategy Rationale
Strategy Rationale Capital allocation aiming to reduce time to EBITDA and with direct impact on SDGs Capex purposes allocation SDGs impacts at 2022 Capex that generates Capex to SDGs EBITDA by 2022 2019 2022 Renewable capacity (GW) 4.7 6.6 2.5 2.5 Coal Thermal capacity (GW) 0.4 0.0 US$ bn US$ bn Dig
Slide 9: Leading the decarbonization process
Enel Chile Leading the decarbonization process
Slide 10: Speeding up decarbonization process
Decarbonization & renewables Speeding up decarbonization process Early disconnection to promote decarbonization of our fleet Tarapacá Bocamina I Bocamina II 158 MW 128 MW 350 MW First Chilean electric company to phase out its Closed on Closure date Closure date coal fleet by 2022 Dec 31st 2019 Up to
Slide 11: Coal-free fleet by 2022 (1/3)
Decarbonization & renewables Coal-free fleet by 2022 (1/3) Consolidating our leadership as first renewable operator in Chile Positive outlook arising from coal phase out Net installed capacity by 2022 Increase attractiveness and visibility by a new ESG better profile 24% 24% Thermal 0% 42% coal 8.7
Slide 12: Coal-free fleet by 2022 (2/3)
Decarbonization & renewables Coal-free fleet by 2022 (2/3) Consolidating our leadership as first renewable operator in Chile Rational arguments1 National coal fired power plants closure timeline Official decarbonization agreement (1,3972 MW) and COP25 announcements Higher installed capacity and prod
Slide 13: Coal-free fleet by 2022 (3/3)
Decarbonization & renewables Coal-free fleet by 2022 (3/3) Consolidating our leadership as first renewable operator in Chile Higher penetration of renewable energy Installed capacity Installed capacity Estimates as of 2019 Estimates as of 2020 (GW) (GW) 30.8 32.3 33.4 33.4 29.8 28.3 3.0 3.6 3.6 3.0
Slide 14: Decarbonization strategy at a glance
Decarbonization & renewables Decarbonization strategy at a glance Driving the create value Net capacity evolution (GW) +20% 8.7 7.2 (0.3) (0.1) 6.6 4.7 +2GW 2020-2022 2.5 2.1 2019 2020 2021 2022 2020-22 Thermal Renewables Bocamina Disconnection 14
Slide 15: Renewables expansion: projects under construction
Renewables expansion Projects under construction + 61 MW Solar Renewables expansion to enhance commercial strategy + 126 MW Solar + 382 MW Solar Azabache Campos del Sol Finis Terrae Solar power plant. First hybrid plant Solar power plant Solar power plant. Capacity expansion 61 MW Installed Capacity
Slide 16: Renewables expansion: projects under construction
Renewables expansion Projects under construction +33 MW Geothermal Renewables expansion to enhance commercial strategy + 150 MW Hydro + 133 MW Wind Los Cóndores Renaico II Cerro Pabellón III Run of the river power plant Wind farm Geothermal plant expansion 150 MW Installed Capacity 133 MW Installed
Slide 17: Customer centricity: new consumption trends
enabling ecosystem Decarbonization, renewables & Customer centricity Energy transition comes with new consumption trends Energy transition sets a new consumption trend Renewable sources have been demanded by customers New trends towards a conscientious energy consumption worldwide Scaling ecosystem
Slide 18: Diversified client portfolio
Decarbonization & renewables Diversified client portfolio Commercial strategy leading to margin stability Contracts profile (TWh/year)1 Supplying several industries 30 27.0 26.5 26.0 25.2 25 23.1 20 15 50% 58 % 54% 54% 50% Mining Warehouse 10 50% 46% 50% Universities Pulp & paper 5 42% 46% Vineyards
Slide 19: Enabling ecosystem: Enel X business
Enabling ecosystem Enel X business Boosting energy transition Customer centricity and new revenue streams National Electric Route Electric corridor Public lighting E-buses in Collahuasi From Arica to Punta Arenas First in Latam Efficient and intelligent lighting system Promoting electric mobility in
Slide 20: Enabling infrastructure: Distribution business
Enabling infraestructure Distribution business Enabling infrastructure for the energy transition Sustainable and resilient electric system Focus on digitalization as a Energy transition must be Focus on customer journey key element of infrastructure accompanied by a solid experience to digital and d
Slide 21: ESG integrated into strategy
Enel Chile ESG integrated into strategy
Slide 22: Our ESG journey: indexes and recognitions
Our ESG journey ESG Focus Indexes and Recognitions Indexes, recognitions and certifications Enel Chile is part of Chile Index the Robecco SAM Enel Chile “A” rate in 2019 Emerging MILA Index Market and Sustainability ISO 37001 Emerging Markets Index Latin America Yearbook 2020 certification Emerging
Slide 23: Our ESG journey
Our ESG journey A path that shaped the company as a key player in a new energy market 2018 2019 2022 Owned RES capacity/ Renewable capacity 63% 65% 76% Total capacity Decarbonization & renewables Coal power plants # 3 2 - Clients # mn 1.92 1.97 2.13 Enabling Infrastructure Telecontrol # 1,733 2,148
Slide 24: Chilean market updates
Chilean market updates Headquarters, Chile
Slide 25: Responding to COVID-19
Responding to COVID-19 Measures to ensure the safety of our people and business continuity Main measures already in place Preventive measures and actions in accordance with the WHO1 and the Chilean Ministry of Health recommendations Remote working fast implementation and focus on safeguarding our pe
Slide 26: Responding to COVID-19: supporting clients and communities
Responding to COVID-19 Measures to support our clients services and communities Main measures already in place Reinforcement of our digital channels, allowing our clients to APP Clients manage their bills and to get answers to questions from home “Enel Clientes Chile” Special campaigns to increase a
Slide 27: More power together. Elbow to Elbow
Responding to COVID-19 More power together. Elbow to Elbow Initiatives to face the contingence together Electric bus as a mobile laboratory #CodoACodo at Hospital Calvo Mackenna Two electric ambulances to the Chilean Red Cross and one for TilTil Community Hospital The Quillota support bridge, over 2
Slide 28: Evolution on digital and on-site payment channels
Responding to COVID-19 Evolution on digital and on-site payment and available channels Evolution on the total face to face and digital payments The service company with the largest payment alternatives1 21% 39% 35% 34% 32% 51% 44% 79% 61% 65% 66% 68% 49% 56% 2017 2018 2019 Jan-20 Feb-20 Mar-20 Apr-2
Slide 29: Liquidity position
Liquidity position1 Business continuity supported by liquidity position Liquidity Position (US$ Bn) Debt maturity (US$ Bn) 98% of gross debt has a fixed rate 3.5 3.0 3.0 2.5 97% of gross debt is USD 0.5 2.0 denominated 1.1 US$ bn 1.5 0.6 1.0 0.5 Smooth debt maturity profile 0.5 0.2 0.2 0.3 0.0 2020
Slide 30: Sector and Regulatory updates
Sector and Regulatory updates Energy sector framework and next steps Contingent matters Structural changes Regulatory changes following the global contingency Changes to the national electricity framework “Ley Larga” could be dispatched by 2021 Chilean government announced benefits to most vulnerabl
Slide 31: Closing remarks
Enel Chile Closing remarks Valle de los Vientos, Chile
Slide 32: Closing Remarks
Enel Chile Closing Remarks Quick management reaction to COVID pandemic supporting business continuity Digitalization will be key to meet customers new needs and behavior Commercial strategy aligned with decarbonization process and renewables deployment Enel X as an agent of to speed up the energy tr
Slide 33: Investor Relations Contacts
Investor Relations Contacts Email ir.enelchile@enel.com Phone +56 2 2630 9606 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 Gonzalo Juarez iOS Andr
Slide 34: CNC
CNC
Slide 35: Forward-looking statements 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 intent, belief or current expecta
Slide 36: Annexes
Enel Chile Annexes 36
Slide 37: Shareholders Structure
Shareholders Structure Organization structure Enel Chile shareholders1 3.5% 64.6% 16.2% Chile Market Cap1 5.1 $ bn 14.5% 64.6% 100.0% 93.5% 99.1% 100.0% 1.3% Green Power Generación Chile Distribución Chile Enel X Enel SpA ADRs Institutional Investors Pension Funds Retail 1. As of May 31 2. Market ca
Slide 38: Credit Rating
Credit Rating Enel Chile and Enel Generación Chile International market Chilean market Enel Chile Enel Chile Standard & Poor’s Moody’s Fitch Ratings Feller Rate Affirmed Oct/19 Affirmed Jun/19 Upgrade Jan/20 Affirmed Jul/19 Enel Generación Enel Generación Standard & Poor’s Moody’s Fitch Ratings Fitc
Slide 39: Our positioning
Our positioning Enel Chile Largest Utility player in Chile in installed capacity and number of clients THERMAL GENERATION RENEWABLES GENERATION POWER DISTRIBUTION Finis Terrae Pampa Norte Cerro Pabellón Valle de los Vientos GasAtacama Sierra Gorda Este Lalackama I D. Almagro Taltal Lalackama II Talt
Slide 40: Hydro conditions
TWh/year 0 5 10 15 20 25 30 35 40 45 50 1972 1982 1965 1980 2002 1997 2006 Wet years 1977 2005 1986 1993 1984 1978 1966 1992 2001 1979 2000 1961 1963 Hydro conditions 1991 1987 1995 1975 1994 1981 1969 Last 10 years 2009 2008 1971 1974 1973 1983 1960 2004 Main assumptions 2003 1985 1970 1967 1999 19
Slide 41: People Centricity: Engaging local Communities
People Centricity Engaging local Communities Plan actions 2019¹ 2020-2022 targets¹ • High-quality, inclusive and fair • 139,000 beneficiaries in • 79,800 beneficiaries education 20221 • Access to affordable and • 200,000 beneficiaries in • 198.900 beneficiaries clean energy 20221 • Employment and •
Slide 42: Corporate Governance: Board of Directors
Corporate Governance Corporate governance structure Board of Directors H. Chadwick Chairman of the Board G. Fazio Director S. Bernabei Director F. Gazmuri Director D. Caprini Director G. Jofré Director P. Cabrera Director Independent Non independent 42
Slide 43: Corporate Governance: Management of the company
Corporate Governance Management of the company Management Team P. Pallotti Chief Executive Officer A. Pellegrini Sustainability &Community Relations G. Turchiarelli Chief Financial Officer R. Puentes Procurement L. Schnaidt People and Organization A. Barrios Digital Solutions M. De Martino Regulatio