Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Investor Presentation (September 2025)
80 slides from Enel Chile Sa's investor presentation, September 2025
Slide 1: Enel Chile Corporate presentation September 2025
Enel Chile Corporate presentation September 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 Decarbonization and electrification 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 Several setbacks in the last years in Chile Decarbonization and Creation of Energy Stabilization electrification Mechanism PEC 1.0 Acceleration of energy transition Tariff update suspended and creation of PEC 2.0 & 3.
Slide 6: National framework has been supportive, yet facing setbacks and ongoing challenges
National framework has been supportive, yet facing setbacks and ongoing challenges Returning to normality, with some pending topics Regulated tariffs updated, no accumulation PEC receivables since 2024 year-end Decarbonization and PEC 2.0 and 3.0 and IDB factoring electrification execution 100% of t
Slide 7: Enel Chile 2024 highlights
Enel Chile 2024 highlights Enel Chile today and 2024 targets 7
Slide 8: 2024 marked important deliverables, strengthening our portfolio
2024 marked 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 validated our strategy and deliverables
2024 results validated 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 and balance risk-return
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% 58% 63% Integrated offering 30%
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, 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 while waiting for a new regulatory framework
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 Consultant final report
Slide 17: Our vision in numbers
2025-27 Our vision in numbers 17
Slide 18: Investment plan designed to enhance 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 49% Integrated Business 1.8 USD bn 1.8 USD bn 39% 15% Consolidation of renewab
Slide 19: Capital allocation on generation designed in terms of technology
1 2 3 Capital allocation on generation adequately designed in terms of technology Generation capex Cumulated development capex (USD bn) Cumulated total capex by type Total capex by technology Additional capacity (GW) 1% 3% 0.1 29% 41% 0.0 2025-27 2025-27 1.4 USD bn 0.8 USD bn 0.5 59% 60% 7% 0.0 Tota
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 aligned with EBITDA levels
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: Portfolio management and capital allocation aligned with financial 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 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 Avg. term of debt 7% 8% 14% 23% (years) 6 ~7 2.3 Share of USD debt1 93% 93% 1.1 0.7 Share of fixed debt1 89% 94% 0.4 0.4 2025E 2026E
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: Q2&H1 2025 Consolidated results
Q2&H1 2025 Consolidated results 29
Slide 30: 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 31: Hydro generation and commodity management actions to offset 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 32: Solid and diversified portfolio supports our commercial commitments
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 33: Important updates to the energy regulatory framework
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 34: H1 2025 results highlight our operational resilience
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 35: Focused capital allocation to strengthen our grids
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 36: Q2 2025 EBITDA shows resilience amid regulated PPAs' expiration
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 37: H1 2025 EBITDA growth driven by optimized sourcing and Grids
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 38: H1 2025 Net income supported by strong operational performance
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 39: H1 2025 FFO anchored in April-25 PEC factoring
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 40: Robust liquidity position to support debt commitments
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 +1% 3% 10% 15% 28% 1.7 3,931 3,970 35% 385 320 0.9 1.1 USD bn 3,650 0.6 3,546 65% 0.4 0.1 Dec 31, 2024 June 30, 2025 H2 2025 2026
Slide 41: 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 42: Strategic plan 2025-27 Financial Annexes
Strategic plan 2025-27 Financial Annexes 42
Slide 43: 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 43
Slide 44: Main assumptions
Main assumptions GDP CPI Foreign exchange YE Macroeconomics (%) (%) (CLP/USD) 2025E 2026E 2027E 2025E 2026E 2027E 2025E 2026E 2027E 2.7% 2.7% 2.4% 3.3 3.0 3.0 910 876 865 Commodities Henry Hub Brent (USD/MMBtu) (USD/bbl) 2025E 2026E 2027E 2025E 2026E 2027E 3.5 3.6 3.9 76 74 72 Spot prices Quillota s
Slide 45: 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 46: 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 46
Slide 47: 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 Network losses5 (%) 5.8% 5.4% Electrification6 (TWh) 0.8 4.2 1. It includes renewable c
Slide 48: Q2&H1 2025 Results Annexes
Q2&H1 2025 Results Annexes
Slide 49: 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 50: 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 51: 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 51
Slide 52: 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 53: 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 54: 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 85 3.2 3.2 3.3 84 83 85 122 122 80 82 81 114 119 115 120 112 2.6 2.5 2.6 2.3 74 76 74 74 110 106 110 106 99 1.9
Slide 55: 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 56: Annexes Regulatory and Country context
Annexes Regulatory and Country context
Slide 57: Macroeconomic situation
Macroeconomic situation Chile today – Main figures Diversity Main characteristics Chile in LATAM • Mining Industry • Atacama desert (solar 16.6k USD GDP per capita in 2024 great potential, driest int the Chile will rank 62nd in the world, out of 188 countries, with a world) GDP per capita of 17.1k U
Slide 58: 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 59: Chile - Electricity sector
Chile - Electricity sector Main regulatory entities Autonomous organizations PRESIDENCIA Panel de Expertos MINISTERIO DE ENERGÍA Coordinador Eléctrico MINISTERIO DE ENERGÍA Nacional (Subsecretario) Empresas Eléctricas (AG) SUPERINTENDENCIA COMISIÓN CHILENA AGENCIA CHILENA DE COMISION NACIONAL ELECTR
Slide 60: 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 61: Chilean electricity sector
Chilean electricity sector Generation overview Chilean system I Net Installed Capacity by Net Generation by Player- Net Installed Capacity by Player - SEN - Dec 2024 SEN - Dec 2024 Technology - SEN - Dec 2024 II (MW) (GWh) (MW) III 1% 1% 10% 99% of S 24% 21% E IV national 29% installed N V RM capaci
Slide 62: 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 3,132 2,574 0 6,000 Enel Chile, the first Chilean generator to 5,000 complete the coal phaseout process in 2022: • Tarapacá (158 MW) discon
Slide 63: Chilean scenarios in terms of clean electrification @2050
Chilean scenarios in terms of clean electrification @2050 Different scenarios have different assumptions/purposes EnerBase: The business-as-usual scenario, illustrating the Benchmark of Energy Transition Scenarios @2050 effects of current policies and trends. EnerBlue: Reflect the successful achieve
Slide 64: Chilean market regulated auctions
Chilean market regulated auctions Brief history recap 2013-2024 USD/MWh DisCos Tender Volume DisCos Tender awarded price1 Spot price2 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 6 60 59 5 57 50 48 46 4 40 33 35 3 30 24 2 20 10 1 0 0 2013 (2013-1) 20
Slide 65: 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 66: 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 67: 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 68: Distribution regulatory framework (2/2)
Distribution regulatory framework (2/2) Overview Distribution tariff Timeline review process Q3 2025 H2 2025 H2 2025 Q2/Q3 2026 VAD1 2024-2028 (estimated timeline) Enel Dx Enel Dx Expert Consultant Preliminary Final Final report comments comments panel final report Regulator Regulator technical repo
Slide 69: Chilean electricity sector: Distribution overview
Chilean electricity sector Distribution overview Sales - Dec 2024 Clients - Dec 2024 Networks - Dec 2024 Installed capacity - Dec 2024 (GWh) (#) (Km) (MVA*) 0.9% 0.9% 0.3% 1.0% 33,809 7,475,916 174,380 19,538 GWh clients Kms. MVA* Enel Distribución Chile Peer 1 Peer 2 Peer 3 Peer 4 Source: Empresas
Slide 70: Distribution
Distribution Located in a premium area, the most populated in the country with the largest consumption Concession area: FY 2024 End users FY 2024 Physical energy sales 33 municipalities in the metropolitan region 2% 4% 7% 5% 1% 0% 15% 39% 2.2 14.8 mn TWh 37% 90% Residential Industrial Others Residen
Slide 71: 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 56% 11% 6% 11% 16% Bill >350 kWh/month Household 55% 13% 7% 8% 16% Bill 71 1. Average reference for Enel Distribución Ch
Slide 72: 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 73: 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 BBB Stable BBB+ Stable AA+(cl) Stable AA(cl) Stable Enel Generación Enel Generación Standard & Poor’s Fitch Ratings Fitch Ratings Fel
Slide 74: Organization structure
Organization structure Enel Chile shareholders1 64.9% 0.9% 9.7% Chile 20.3% Pension Funds Market Cap2 Institutional Investors USD 5.1 bn ADR’s 4.2% Enel SpA 100.0% 93.5% 99.1% 100.0% 64.9% Others Green Power Chile Generación Chile Distribución Chile Enel X Chile Unique and diversified investment veh
Slide 75: Management of the Company
G 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 G. Palumbo Security (a.i.) J. Rodrígu
Slide 76: 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. 76
Slide 77: 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 78: 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 79: 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 80: Contact us
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 Investor Relations Enel Chile Web