Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Investor Presentation (March 2025)
83 slides from Enel Chile Sa's investor presentation, March 2025
Slide 1: Enel Chile Corporate presentation March 2025
Enel Chile Corporate presentation March 2025
Slide 2: Chilean market context
Chilean market context 2
Slide 3: Chile continues to be a leader towards electrification and decarbonization strategies
Chile continues to be a leader towards electrification and decarbonization strategies Main characteristics Chile’s Net zero agenda Total population of 20 million1 80% renewable generation by 88% of population in urban areas; 40% in metropolitan region 2030 Potencial additional renewable energy2 0% c
Slide 4: National framework has been supportive, yet facing setbacks and ongoing challenges
National framework has been supportive, yet facing setbacks and ongoing challenges Acceleration of energy transition Beginning of the coal phase-out process Boost in renewable energy generation Rise in electric vehicle sales 4
Slide 5: National framework has been supportive, yet facing setbacks and ongoing challenges
National framework has been supportive, yet facing setbacks and ongoing challenges Creation of Energy Stabilization Mechanism PEC 1.0 Acceleration of energy transition Tariff update suspended and creation of PEC 2.0 & 3.0 Beginning of the coal phase-out process Reduction in the distribution regulato
Slide 6: National framework has been supportive, yet facing setbacks and ongoing challenges
National framework has been supportive, yet facing setbacks and ongoing challenges Regulated tariffs updated, no accumulation PEC receivables since 2024 year-end PEC 2.0 and 3.0 and IDB factoring execution 77% of total VAD 2020-24 published and applied BESS capacity regulation promoted Change in Reg
Slide 7: Enel Chile 2024 results: Enel Chile today and 2024 targets
Enel Chile 2024 results Enel Chile today and 2024 targets 7
Slide 8: 2024 marks important deliverables, strengthening our portfolio and consolidating our presence in Chile
2024 marks important deliverables, strengthening our portfolio and consolidating our presence in Chile Los Cóndores La Cabaña Don Humberto El Manzano 153 MW 106 MW 81 MW 99 MW 69 MW BESS 67 MW BESS 67 MW BESS Hybrid project Hybrid project Hybrid project Hydro project Wind + BESS I & II Solar + BESS
Slide 9: 2024 results validate our strategy and deliverables
2024 results validate our strategy and deliverables Strategic Pillars Delivering on our commitments 2024 targets successfully reached Resiliency, 1 flexibility and value generation Portfolio expansion confirmed and delivered Efficiency and 2 Ensuring value creation for shareholders: dividend policy
Slide 10: Our value proposition and strategic rationale
2025-27 Our value proposition and strategic rationale 10
Slide 11: Our investments and management actions will continue to pursue value creation and de-risking
1 2 3 Our investments and management actions will continue to pursue value creation and de-risking A more optimized Strategic selection Focus on integrated Pursuing the commercial of renewable offerings optimization of A B strategy investments distribution value Reducing exposure to Selecting the mo
Slide 12: Update our commercial strategy to de-risk and optimize the value of our portfolio
1 2 3 Update our commercial strategy to de-risk and optimize the value of our portfolio A Sales Gx Sourcing EBITDA Gx / Sales Gx (TWh) (TWh) (USD/MWh) -9% 64% 79% +19% 33.4 30.3 46.0 33.4 38.7 0.4 2.0 30.3 25.5 6.6 3.0 21.5 (3.6) 3.4 5.3 (1.9) 21.5 23.8 7.9 8.7 2026E 2026E 2026E Net spot PPA buy Ren
Slide 13: Our commercial strategy was reviewed to enhance resilience, balance risk-return and the value of services
1 2 3 Our commercial strategy was reviewed to enhance resilience, balance risk-return and the value of services A Sales Gx (TWh) PPAs geographic location PPAs by residual duration Avg. PPA Price 72 67 2024 2027E (USD/MWh) 5% 33.4 31.4 22% 22% 14% 30.6 30.3 58% 70% 42% 30% 58% 63% Integrated offering
Slide 14: Our sourcing strategy continues to bring flexibility and diversification
1 2 3 Our sourcing strategy continues to bring flexibility and diversification, reducing our short position A Hydro generation (TWh) Gas supply sourcing Energy sourcing (TWh) Net Spot 10.6 TWh North Zone Avg. 5 year 3.6 3.6 Mejillones LNG 33.4 13.7 Gas Atacama 1.3 Terminal 31.4 gas pipeline 3.6 3.6
Slide 15: Selective investments in renewables to support profitability, focusing on BESS and Wind
1 2 3 … selective investments in renewables to support profitability, continue focusing on BESS and Wind A Total generation capex Development capex by Additional capacity (USD bn) technology (GW) 1% 0.6 9.4 -28% 3% 8.9 29% 1.9 0.1 2025-27 0.5 1.4 0.5 0.8 USD bn 0.6 60% 7% 1.4 0.8 2024-26 2025-27 202
Slide 16: Capex optimization in distribution to address market evolution
1 2 3 Capex optimization in distribution to address market evolution while waiting for a new regulatory framework B Distribution tariff Gross CAPEX Main KPIs review process Old plan 6% Returns 2024 2027E (real terms post tax) 17% New plan Initiation study Energy distributed1 (TWh) 14.7 15.6 Consulta
Slide 17: Our vision in numbers
2025-27 Our vision in numbers 17
Slide 18: Investment plan designed to enhance the resiliency and performance of our portfolio
1 2 3 Investment plan designed to enhance the resiliency and performance of our portfolio Cumulated gross capex Grids 2% Capex focused on optimizing grids operation and 12% new clients’ connections 23% 32% 2025-27 2025-27 1.8 USD bn 1.8 USD bn 49% Integrated Business 39% 15% Consolidation of renewab
Slide 19: Capital allocation on generation adequately designed in terms of technology and yearly assignment
1 2 3 Capital allocation on generation adequately designed in terms of technology and yearly assignment… Generation capex Cumulated development capex (USD bn) Cumulated total capex by type Total annual capex by technology Total capex by technology Additional capacity (GW) 0.4 1% 13% 3% 0.1 29% 41% 0
Slide 20: Strengthening our generation integrated margin as the core of our strategy
1 2 3 Strengthening our generation’ integrated margin as the core of our strategy Integrated power margin evolution (USD bn) Main KPIs Commercial optimization Flexible & optimized sourcing ~1.4 0.3 ~1.5 2024 2027E 0.3 0.0 0.0 Sales Gx (TWh) 33 31 (0.6) Avg. PPA price1 (USD/MWh) 72 67 Avg. spot price
Slide 21: Maximum efforts on grids capital allocation based on current regulation
1 2 3 Maximum efforts on grids capital allocation based on current regulation, aligned with EBITDA levels Grids cumulated EBITDA Grids cumulated total capex Grids FFO (USD bn) 19% 0.4-0.5 32% 34% 2025-27 2025-27 48% 0.4-0.5 0.4 USD bn USD bn (0.4) 33% 34% ~ 0.0 2025E 2026E 2027E Quality, resiliency
Slide 22: Consolidated Net income in the period, offsetting regulated PPA expiration
1 2 3 Consolidated Net income in the period, offsetting regulated PPA expiration Net income1 evolution (USD bn) FY 2024 adj: 622 USD mn 0.1 0.6-0.7 0.0 0.5-0.7 (0.1) 0.5-0.7 (0.1) 0.0 Net Income Δ EBITDA Δ D&A Δ Financial charges Δ Taxes Net income Minorities Net Income 2027E 2024 adj. 2027 pre-mino
Slide 23: Our portfolio management and capital allocation aligned with our financial sustainable strategy
1 2 3 Our portfolio management and capital allocation aligned with our financial sustainable strategy 2025-27 Source of funds (USD bn) Net debt evolution (USD bn) Net debt/ EBITDA1 (x) 2.5 ≤ 2.0x 3.4 PEC -15% 0.5 Recovery (1.8) 3.5 3.0 (1.0) 0.5 Sources of Gross Dividends Change in funds capex net d
Slide 24: Reducing exposure to current market volatility with a comfortable debt profile
1 2 3 All in all, reducing exposure to current market volatility with a comfortable debt profile Financial main ratios Debt maturity by year2 (USD bn) YE 2024 YE 2027E Share of sustainable 7% 8% 14% 23% finance1 31% 48% 2.3 Avg. term of debt (years) 6 ~7 1.1 Share of USD debt1 93% 93% 0.7 0.4 0.4 Sh
Slide 25: Financial targets
2025-27 Financial targets 25
Slide 26: Strategic plan targets
Strategic plan targets 2024 2025E 2026E 2027E Adjusted1 EBITDA (USD bn) 1.4 1.3-1.5 1.4-1.6 1.4-1.6 Net income (USD bn) 0.6 0.5-0.7 0.5-0.7 0.5-0.7 Dividend payout (%) Min 50% Min 50% Min 50% Min 50% 1. Excludes the negative effect of the functional currency. EBITDA: 657 USD mn and Net Income: 468 U
Slide 27: Closing remarks
Closing remarks 27
Slide 28: Enel Chile as a unique, sustainable utility in Chile
Enel Chile as a unique, sustainable Integrated commercial De-risking Selective capital Strategic plan designed to approach and strategy supported by solid to enhance allocation to more profitable enhance our solid and sound visibility and value-driven and diversified resilience projects financial as
Slide 29: FY 2024 Results
S- ~ “y FY 2024 Results Pasa =
Slide 30: Key highlights of the period
Key highlights of the period Portfolio Country and Business management Regulatory context profitability Outstanding performance in Dx voluntary compensation 657 USD mn non-cash effect hydro power generation program for August agreed related to the functional currency impact at the EBITDA level ~ 0.4
Slide 31: Favorable hydrological conditions and abundant gas availability contributed to our results
Favorable hydrological conditions and abundant gas availability contributed to our results Hydro generation and gas availability Argentine natural 3.7 GW Historic Enel Chile hydro generation gas Hydroelectric plants throughout the country Net installed (TWh) Gas Atacama capacity gas pipeline operati
Slide 32: The expansion phase of our portfolio has been successfully completed
The expansion phase of our portfolio has been successfully completed REN & BESS growth contribution Renewable contribution in 2024 Net installed capacity FY 2024 Los Cóndores hydro plant ~0.7 GW ~0.4 GW 5.6% 78% REN + BESS COD approved Total connected projects in 2024 in 2024 16.6% 41.3% 2.3% 8.9 8,
Slide 33: New renewable capacity, assets availability and better hydrology improved our energy balance
New renewable capacity, assets availability and better hydrology improved our energy balance during 2024 Net production (TWh) Energy balance (TWh) +2% +0.8 TWh Portfolio mix evolution1 Spot performance from new 24.6 renewable 7.6 7.6 8.1 8.1 0.6 24.1 capacity 0.6 0.2 1.1 -8% 6.0 4.8 1.5 4.9 0.4 0.4
Slide 34: Several management actions towards the Force Majeure event of Aug/24 continue
Several management actions towards the Force Majeure event of Aug/24 continue Unforeseeable and irresistible climatic event of Aug/24 Main preventive actions Force Majeure event legal cases are under Operational emergency guidelines with discussion in the court of appeals municipalities for climate
Slide 35: The energy regulatory framework continues to evolve with important updates during H1 2025
The energy regulatory framework continues to evolve with important updates during the H1 2025 Dx regulatory cycle H1 2025 regulated tariff decree Tariff subsidy bill 6% Returns Initiation study (real terms post tax) ≤ 350 > 350 Regulated electric tariff subsidy through Consultant final report kWh/mo
Slide 36: In terms of management commitments, FY 2024 financial targets were reached
In terms of management commitments, FY 2024 financial targets were reached Strategic Pillars Main financial targets1 (USD bn) Resiliency, Adj. Net Income Adj. EBITDA 1 flexibility and value generation 1.4-1.5 1.4 0.6-0.7 0.6 Efficiency and 2 effectiveness 8,5 Financial and Guidance Investor Adj. FY
Slide 37: Outstanding hydro generation and a diversified portfolio drove the 2024 robust business results
Outstanding hydro generation and a diversified portfolio drove the 2024 robust business results Economic & financial performance1 EBITDA2 Net income3 FFO4 (USD mn) (USD mn) (USD mn) +29% +22% +38% 1,421 1,209 622 1,101 508 8,5 877 FY 2023 Adj. FY 2024 Adj. FY 2023 Adj. FY 2024 FY 2023 Adj. FY 2024 Q
Slide 38: Sustainable capex deployment designed to improve portfolio flexibility and profitability
Sustainable capex deployment designed to improve portfolio flexibility and profitability CAPEX by business and by nature1 REN and BESS development CAPEX1 FY 2024 FY 2024 3% 11% 6% 14% 4% 583 19% 290 41% 583 USD mn USD mn 54% USD mn 22% 35% -43% yoy -19% yoy 61% -19% yoy 30% REN + BESS Thermal Asset
Slide 39: Solid adj. Q4 2024 EBITDA results despite the extreme weather events provisions
Solid adj. Q4 2024 EBITDA results despite the extreme weather events provisions EBITDA evolution (USD mn)1 Higher PPA sales mainly related to indexation in the free market and higher volumes in the +1% regulated market 71 33 419 9 424 Positive performance of sourcing due to (68) (41) lower spot pric
Slide 40: Robust adj. 2024 EBITDA reflecting a resilient portfolio
Robust adj. 2024 EBITDA reflecting a resilient portfolio, boosted by the hydrology, neutralizing extreme weather impacts EBITDA evolution (USD mn)1 Higher PPA sales mainly related to indexation in the free market and higher +29% volumes in the regulated market 227 31 321 1,421 (197) Better portfolio
Slide 41: Adj. 2024 Net income reflecting the robust EBITDA growth in the period
Adj. 2024 Net income reflecting the robust EBITDA growth in the period Net income evolution (USD mn)1 +22% 320 Increased D&A mainly due to more REN projects in operation 671 (81) 622 (75) (39) (11) 508 Financial expenses mainly impacted by (163) PEC interests and FX variation in the periods 154 (468
Slide 42: 2024 FFO higher than 2023 mainly due to improved EBITDA and PEC factoring
2024 FFO higher than 2023 figures mainly due to improved EBITDA and PEC factoring FFO evolution (USD mn)1 Execution of PEC 2 and PEC 3 factoring in 2024 offset the accumulated 697 stabilization mechanism accounts 1,421 (153) (205) 1,209 Working capital reflects cash (310) (241) management actions to
Slide 43: 2024 actions and solid results have led to the sustainable reduction of our indebtedness
2024 actions and solid results have led to the sustainable reduction of our indebtedness Debt and liquidity Gross debt (USD mn)1 Liquidity position (USD bn) Debt maturities (USD bn)1 -11% Maturities/Gross Debt 4,408 3,931 36% 6% 10% 12% 28% 642 385 1.1 1.7 USD bn 1.1 0.8 3,765 3,546 8,5 64% 0.2 0.4
Slide 44: Closing remarks
Closing remarks A resilient and diversified business model, Annual Shareholders’ driven by strong hydrology, supported robust Meeting to be held on results despite a challenging context April 28th, 2025 Regulatory advocacy plan will continue to Proposed transform Chile’s utilities regulatory framewo
Slide 45: Strategic plan 2025-27 Financial Annexes
Strategic plan 2025-27 Financial Annexes 45
Slide 46: Annexes
Annexes Strategic update 2025-27 Financial and operational annexes Main assumptions and macroeconomics Capex by business lines Installed capacity and production Main operative KPIs Enel Chile corporate information Credit ratings Organization structure Asset's location Management 46
Slide 47: Main assumptions
Main assumptions GDP CPI Foreign exchange YE Macroeconomics (%) (%) (CLP/USD) 2025 2026 2027 2025 2026 2027 2025 2026 2027 2.7 2.7 2.4 3.3 3.0 3.0 910 876 865 Commodities Henry Hub Brent (USD/MMBtu) (USD/bbl) 2025 2026 2027 2025 2026 2027 3.5 3.6 3.9 76 74 72 Spot prices Quillota spot price Crucero
Slide 48: Capex by business lines
Capex by business lines Total capex (USD bn) Capex 2025-27 allocation (USD bn) Business line 2025E 2026E 2027E 2025-27 Renewable 0.1 0.1 0.3 0.6 0.8 2% BESS 0.4 0.1 0.0 0.5 19% 0.5 Thermal 0.1 0.1 0.1 0.3 16% 0.5 3% 3% 25% Grids 0.1 0.1 0.1 0.4 29% 49% 0% 11% 17% Others1 0.0 0.0 0.0 0.0 21% 61% Tota
Slide 49: Installed capacity and production by technology
Installed capacity and production by technology Net installed capacity Net production 2024 2027E 2024 2027E +6% -2% 2% 21% 20% 23% 22% 41% 39% 0% 8.9 9.4 24.5 24.2 45% 7% 3% GW GW TWh 56% TWh 25% 34% 30% 34% Hydro Renewable (ex-hydro) BESS Thermal 49
Slide 50: Main operative KPIs
Main operative KPIs 2024 2027E REN capacity1 (GW) 6.9 7.5 REN capacity over total1 (%) 78% 79% CO2 GHG free production over total (%) 80% 77% Energy sold in Gx2 (TWh) 33.4 31.4 Energy distributed3 (TWh) 14.7 15.6 SAIDI4 (min) 150 122 Network losses5 (%) 5.8% 5.4% Electrification6 (TWh) 0.8 4.2 1. It
Slide 51: Annexes
Annexes
Slide 52: Q4 Profit & Loss (USD mn)
Q4 Profit & Loss (USD mn)1 Q4 2024 Q4 2023 ∆ qoq Adjusted EBITDA2 424 419 +1% Reported EBITDA (234) 419 -156% D&A (77) (74) +4% Bad Debt (4) 0 +902% Impairment (36) (7) +387% Reported EBIT (351) 337 -204% Financial expenses (52) (42) +25% Other non-financial result 2 232 -99% Reported EBT (401) 527
Slide 53: FY Profit & Loss (USD mn)
FY Profit & Loss (USD mn)1 FY 2024 FY 2023 ∆ yoy Adjusted EBITDA2 1,421 1,101 +29% Reported EBITDA 764 1,101 -31% D&A (313) (269) +17% Bad Debt (20) (11) +71% Impairment (36) (7) +387% Reported EBIT 395 814 -51% Financial expenses (164) (94) +76% Other non-financial result 9 241 -96% Reported EBT 23
Slide 54: Main business EBITDA breakdown
Main business EBITDA breakdown EBITDA Generation EBITDA Grids business line (USD mn)1,2 business line (USD mn)1 +10% +35% -33% -130% 1,423 92 1,051 61 447 24 405 Q4 2023 Q4 2024 FY 2023 FY 2024 -7 FY 2023 FY 2024 Q4 2023 Q4 2024 1. Comparisons between periods in the Financial Income Statements are m
Slide 55: Consolidation of our renewable matrix throughout the country
Consolidation of our renewable matrix throughout the country Central zone Net installed capacity7 PMGD 83 MW 5.6% 33 MW 78% 16.6% El Manzano3 99 MW REN + BESS +67 MW BESS 41.3% 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 34.2% No
Slide 56: Commodities and Spot price outlook
Commodities and Spot price outlook Henry Hub (USD/mmBTU) Brent (USD/bbl) API 2 (USD/Ton) FY 2024: 2.3 FY 2024: 81 FY 2024: 112 FY 2023: 2.7 FY 2023: 83 FY 2023: 129 4.7 168 94 138 138 140 3.4 90 91 136 3.1 3.2 85 85 86 124 118 2.8 2.7 83 84 82 83 83 119 116 122 123 2.5 2.5 2.6 2.5 2.6 78 110 2.0 2.1
Slide 57: 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 2016 9.1 Cumulated rainfall (mm) 3,000 1,400 2017 9.7 2,000 1,000 2018 11.4 600 1,000 2019 10.6 Maule Bío-Bío 200 (34% of consolidated Gx) (25% of consolidated Gx) 0 0 2020
Slide 58: Focus on electrification through our integrated margin offering
Focus on electrification through our integrated margin offering Integrated offering – Main KPIs Grids main KPIs FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 REN + BESS capacity +6% Charging points2,3 +28% Energy distributed6 +3% (GW) 6.5 6.9 (‘000) 2.8 3.6 14.2 14.7 (TWh) REN + BESS capacity +1.2
Slide 59: Annexes Regulatory and Country context
Annexes Regulatory and Country context
Slide 60: Chile country overview
Chile Country overview 2023 Demographic & Electricity industry data 2 economic data 1 20 million Total population ~87 TWh Energy demand 2023 80 years Life expectancy 4,227 kWh Consumption per capita 2022 CPI 7.6% Consumption per Metropolitan region 5,924 kWh capita 335 USD Bn GDP 2021 European regio
Slide 61: Chile - Power Industry Overview
Chile - Power Industry Overview Transmission Chile has a regulated and highly competitive electricity industry, with clearly defined segments fully operated by private companies Generation Generation Production and sale of energy and capacity, either on the spot market or through supply contracts
Slide 62: Chile - Electricity sector
Chile - Electricity sector Main regulatory entities Autonomous organizations PRESIDENCIA Panel de Expertos MINISTERIO DE ENERGÍA MINISTERIO DE Coordinador Eléctrico ENERGÍA (Subsecretario) Empresas Eléctricas (AG) SUPERINTENDENCIA COMISIÓN CHILENA AGENCIA CHILENA DE COMISION NACIONAL ELECTRICIDAD Y
Slide 63: Chile - System operation
Chile - System operation Description Marginal Cost Model1 Hydro & NCRE Coal & Gas Diesel Marginal Cost (US$ / MWh) Spot Price Generation (MWh) • Physical energy dispatch for each generation company is independent from its contractual obligations, and each facility’s operation is coordinated centrall
Slide 64: Chilean electricity sector: Generation overview
Chilean electricity sector Generation overview Chilean system I Net Installed Capacity by Net Generation by Player- Net Installed Capacity by Player - SEN - Dec 2023 SEN - Dec 2023 Technology - SEN - Dec 2023 II (MW) (GWh) (MW) III 10% S 99% of 25% 2% 22% E IV national installed 29% N V RM capacity(
Slide 65: Chilean coal phase out committed scenario
Chilean coal phase out committed scenario1 Complete phase-out of coal-energy sources by 2040. Coal capacity 2018 2023 2025 2030 2040 at year end (MW) 5,512 4,116 2,781 1,687 0 6,000 5,000 Enel Chile, the first Chilean generator to complete the coal phaseout process in 2022: • Tarapacá (158 MW) disco
Slide 66: Chilean scenarios in terms of clean electrification @2050
Chilean scenarios in terms of clean electrification @2050 Different scenarios have different assumptions/purposes and thus results. Benchmark of Energy Transition Scenarios @2050 EnerBase: The business-as-usual scenario, illustrating the effects of current policies and Consultant Electrification rat
Slide 67: Chilean market regulated auctions
Chilean market regulated auctions Brief history recap 2013-2024 USD/MWh DisCos Tender Volume DisCos Tender awarded price Spot price1 TWh 150 148 13 140 12 130 129 128 128 11 120 10 110 112 108 108 9 100 90 91 91 8 83 7 80 79 70 12.5 12.0 6 60 59 5 57 50 48 46 4 40 33 35 3 30 5.1 3.9 24 2 20 3.6 2.2
Slide 68: Energy tariff stabilization mechanism
Energy tariff stabilization mechanism PEC 01, PEC 02 & PEC 03 PEC 01 PEC 02 PEC 03 Total amount: 3,700 USD mn Total amount: 1,800 USD mn Total amount: 1,350 USD mn1 Balance to be settled: Up to 2035 Balance to be settled: Up to 20322 Balance to be settled: Up to 2027 (PEC 02 & PEC 03) 100% guarantee
Slide 69: 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) FY 2024 Hydro Solar Wind BESS Geo CCGT O&G Total 2024 2% North 22% Facilities (#) 1 13 7 - 2 1 2 26 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 +6% Facilities
Slide 70: Distribution regulatory framework (1/2)
Distribution regulatory framework (1/2) Overview Return on Recognition of asset value according to optimized network investment WACC real post-tax ranging from 6% - 8% based on the WACC 2020-2024: 6% real term post-tax Regulatory assets’ value WACC 2024-2028: 6% real term post-tax period length is I
Slide 71: Distribution regulatory framework (2/2)
Distribution regulatory framework (2/2) Overview Distribution tariff Timeline review process VAD 2024-2028 Q1 2025 Q2 2025 H2 2025 Q1 2026 (estimated timeline) VNR = USD 2.1 USD bn Initiation Consultant final Preliminay Final Regulator Final (Dec 2022) study report Regulator technical report report
Slide 72: Chilean electricity sector: Distribution overview
Chilean electricity sector Distribution overview Sales - Dec 2023 Clients - Dec 2023 Networks - Dec 2023 Installed capacity - Dec 2023 (GWh) (#) (Km) (MVA*) 13% 14% 10% 8% 8% 32,501 44% 7,251,158 45% 181,125 44% 28% 18,889 GWh clients Kms. MVA* 51% 29% 36% 34% 11% 10% 12% Enel Distribución Chile Pee
Slide 73: Enel Chile - Networks' business
Enel Chile - Networks’ business Overview Concession area: FY 2024 End users FY 2024 Physical energy sales 33 municipalities in the metropolitan region 2% 4% 7% 1% 5% 0% 15% 39% 2.2 11.3 mn TWh 37% 90% Residential Industrial Others Residential Industrial Others Market share 44% Commercial Tolls Comme
Slide 74: Chilean regulated tariff
Chilean regulated tariff Bill components breakdown1 Distribution Energy Transmission Taxes and Bill of final MPC charge Cost cost cost Others client (VAD) ≤350 kWh/month Household 55% 11% 6% 11% 17% Bill >350 kWh/month Household 53% 14% 8% 8% 17% Bill 74 1. Average reference for Enel Distribución Ch
Slide 75: Glossary
Glossary Term Definition Term Definition AGM Annual general meeting LNG Liquefied natural gas API2 Coal price reference indicator LTM Last twelve months BESS Battery energy storage system Mm Millimetre CAPEX Capital Expenditures MPC Spanish acronym for client protection mechanism CCGT Combined cycle
Slide 76: 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 Enel Generación Enel Generación Standard & Poor’s Fitch Ratings Fitch Ratings Feller Rate 76
Slide 77: Organization structure
Organization structure Enel Chile shareholders1 64.9% 1.1% 7.3% Chile 22.2% Pension Funds Market Cap2 Institutional Investors USD 4.7 bn ADR’s 4.4% 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 December 31, 2024 2. Market
Slide 78: 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 79: Corporate governance structure
Corporate governance structure1 Shareholders’ meeting Audit firm 50% BoD’s composition Board of Directors (6 members - 1 vacancy) 50% Executive of Enel SpA Independent Functions: Directors Committee Audit committe Sustainability committe Related parties transactions 1. As of December 2024. 79
Slide 80: Board composition
Board composition Board of Directors Board of Directors’ diversity3 Marcelo Castillo Chair Isabella Alessio Director Gender 33% 67% diversity Salvatore Bernabei Director Directors’ Committee (C) Male Female María Teresa Vial1 Director Directors’ Committee 33% Pablo Cabrera1,2 Director 50% Tenure Nat
Slide 81: 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 82: Disclaimer
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 curr
Slide 83: Contact us
Contact us Contacts Email ir.enelchile@enel.com Channels – Follow us Isabela Klemes Head of Investor Relations Enel Chile Website Enel.cl Investor Relations team Catalina González Carla Rojas Download the investor relations app Bárbara Calderón iOS Android Francisco Basauri - ESG Mobile App Enel Inv