Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Investor Presentation (June 2022)
95 slides from Enel Chile Sa's investor presentation, June 2022
Slide 1: Corporate presentation
Corporate presentation Enel Chile June 2022
Slide 2: Market context
Market context eCnel
Slide 3: Country overview
Country overview Main geographic Main demographic Net ZERO: the topics1 topics4 unavoidable journey 757 +thousands km2 of land area 19 Total population million for Chile 4.3k from +kilometers Length North to 88% Population urban areas in 50% Renewable capacity South 40% Population in Metropolitan ar
Slide 4: Regulatory framework evolution: main updates and discussion in the short-term
Regulatory framework evolution: Main updates and discussion in the short-term Networks tariff review Basic Services Law New Law for regularization of Basic Services debt Total residential clients overdue in Client consumption Apr 21 Aug 21 Dec 21 H2 22 Enel Distribución Government Transmission Consu
Slide 5: Regulatory framework evolution: main updates and discussion in the short-term
Regulatory framework evolution: Main updates and discussion in the short-term Electricity Price Stabilization Factoring of trade account Law proposal for transitory energy Mechanism receivables (USD mn) tariff stabilization mechanism (MPC) Client consumption during 2022 2 Enel Chile USD Total market
Slide 6: Challenging context drives swap actions to strengthen our portfolio
The challenging context drive us to take swap actions to strengths our portfolio Enel Chile hydroelectric’ Gas supply overview System main indicators cumulated energy (GWh) Enel Chile gas consumption Avg. Spot Quillota 220kV (USD/MWh) 8 Q1 2022 MMm3/d 6 Q1 2022 4 77.7 95.2 2 74.3 68.9 75.0 0 49.9 42
Slide 7: Enel Chile today
Enel Chile today eCnel
Slide 8: Enel Chile at a glance
Enel Chile at a glance FY 2021 The largest utility 27.6 TWh Sales to regulated and free clients1 Better positioned to face liberalization of Chilean market 17.3 TWh sales to free clients1 in Chile with a 1.2k Charging points2 Growth through electrification, providing new services, products and solut
Slide 9: Main priorities
Main priorities eCnel
Slide 10: 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 11: Strategic actions
Strategic actions eCnel
Slide 12: 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 on our clients Maximizing the value for our clients through 3 electrification 4 Bringing forward Net Zero 11
Slide 13: 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 12
Slide 14: Electrification of consumption
Electrification of consumption 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 Chile by 203
Slide 15: Energy transition brings several additional opportunities
Energy transition brings several additional opportunities for our Company and for our clients… 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 opportuniti
Slide 16: … to create value in an integrated strategy
… to create value in an integrated strategy Integrated Approach Commercial Strategy Main references Total Sales (TWh)1 27.6 29.0 Commodities Services 22.6 21.9 19-21 Period: New renewables long-term PPAs with mining companies Product PPA + & Services 2019 2020 2021 2024E Total Services revenues (USD
Slide 17: Our strategic actions
Our strategic actions Enhancing the resilience 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 16
Slide 18: Renewable expansion core to bringing flexibility toward net zero
Our renewable expansion will be core to bringing additional flexibility toward net zero Net installed capacity1 Renewable Capacity evolution (GW) Capacity by technology by 2024E 71% 80% 4% Renewable +2.3 GW Renewable 7% 20% 8.0 2024 vs. Q1 2022 37% 18% 44% 2% 8.1 GW 5.6 5.8 +0.4 10.1 GW 10% 4.7 +1.6
Slide 19: 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 20: Extensive pipeline to seize future opportunities
This strategy is supported by an extensive pipeline to seize future opportunities Renewables pipeline by technology and maturity (GW)1 Generation business Development CAPEX 2% ~4 11% 20% 61% ~10 20% 2022-24 ~22 1.7 USD bn 57% 18% 10% ~6 1% ~1 Solar Wind Thermal Gross BESS Early stage Mature In Execu
Slide 21: 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 20
Slide 22: Grid infrastructure evolution is key to enable electrification
Grid infrastructure evolution is key to enable electrification… Distributed Electricity1 (TWh) Main KPIs Networks Capex (USD mn) +6% 2021 Q1 2022 2024E End users +11% 2.0 2.0 2.2 17.3 (mn) 16.3 0.55 0.49 Losses2 5.2 5.3 5.0 32% (%) 34% Telecontrol 2,654 2,659 2,710 (#) 68% 66% SAIDI2 152 134 168 202
Slide 23: Investments focused on clients, efficiency and digitization
… supported by investments focused on our clients, efficiency and digitization… Grid Blue Sky Main digitization KPIs1 Networks Capex1 (USD mn) 2021 Q1 2022 2024E High voltage TECHNOLOGICAL SOLUTIONS Customer 100% 100% 100% 33% DIGITAL INFRASTRUCTURE (%) centricity 46% 2022-24 Medium voltage 85% 87%
Slide 24: Improving client 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 Q1 2022 2024E Our journey in numbers1 Clients App 541 568 760 Platformization and users (´000#) digitization Clients' digital 90% 86
Slide 25: Innovative technologies bringing value added services to clients
… leveraged on innovative technologies to bring value added services to all clients Leading the energy transformation Enel X main KPIs FY 2021 Q1 2022 2024E Through e-mobility Charging Points1-2 1,206 1,586 4.9k (public and private) Decarbonizing industrial consumption 905k tons Electric buses1-3 1,
Slide 26: 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 25
Slide 27: Net zero emissions is a win-win strategy for all
Net zero emissions is a win-win strategy for ALL Our consistent journey… Paving the way to a Decarbonization Speeding up announcement decarbonization Boosting renewables Zero Coal capacity renewable future 2030 >85% 2019 2020 2021 2022 2024 Renewable Coal facilities Anticipated ~1 GW Expected closur
Slide 28: 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 our Net zero GENERATION (gCO2e/kWh) 273 <100 <90 0 target to 2040 NET ZERO Main actions (from 2050) using Coal phase-out by Sep 20221 the Just Transition Accelerate renewables deploymen
Slide 29: Long-term strategy recognized by 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 2021 2019 2020 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 83 54 57 B- 49 77 C 72 2019 2020 2021 2019 2020 2021 2019 2020 2
Slide 30: Plan in numbers 2022-24
2022-24 Plan in numbers eCnel
Slide 31: New plan investments to improve portfolio resiliency
New plan investments to improve our portfolio resiliency Investments centered on clients’ needs… …focused on SDG goals CAPEX 2022-24 allocation (USD bn) SDG related 1.0 1% 1% 15% 0.9 6% 1% 0.7 21% 21% 1% 9% 29% 2022-24 2022-24 7% 2.6 USD bn 2.6 USD bn 7% 77% 71% 69% 63% 93% 93% aligned to 2022E 2023
Slide 32: Generation capex driven by decarbonization strategy
Generation capex driven by decarbonization strategy… Generation CAPEX 2022-24 Renewable's development CAPEX comparison (USD bn) Total CAPEX Development CAPEX Add capacity Add capacity Old plan1 +0.18 New plan1 2% USD bn 14% 11% 6% 11% Others NCRE 1.7 1.5 3% 85% 78% 2022-24 20% 2022-24 2.0 USD bn 1.7
Slide 33: 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 34: Generation business 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 35: 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 36: 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 37: EBITDA increase in a more conservative hydrology scenario
EBITDA increase in a more conservative 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 38: Commercial strategy 2022-24
2022-24 Commercial strategy
Slide 39: Commercial strategy supported by long-term visibility and diversification
Commercial strategy supported by long-term visibility, geographic diversification and solid client's portfolio … Portfolio by off-taker PPAs geographic location Current net installed capacity by geographic location1 2021 2024E 2021 +5% 22% 15% 22% 2.9 GW 64% renewable 27.6 42% 26% TWh 31% 36% 29.0 T
Slide 40: Conservative management assumptions and portfolio flexibilities
… with conservative management assumptions, leveraged by portfolio flexibilities Sources Mix Portfolio Hourly cluster energy Portfolio’s flexibility (TWh) allocation for 2024 44 44 44 Availability of gas power plants generation 45 47 27.6 29.0 Increase PPA purchases at 26 Spot price competitive pric
Slide 41: Financial management 2022-24
2022-24 Financial management
Slide 42: Strong cash generation financing 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 20
Slide 43: Sustainable instruments to fund our growth
… supported by sustainable instruments to fund our growth Financial flexibility & main ratios Debt maturity by year (USD bn)1 FY 2021 YE 2024E 3.1 SDG-linked gross 1.0 2.7 debt USD bn CO2 emissions 9% 10% 12% 4% (gCO2eq/kWh) Share of sustainable 2023 2024 21% 52% 2.4 finance <100 <90 Avg. term of ne
Slide 44: Earnings evolution 2022-24
2022-24 Earnings evolution eCnel
Slide 45: Earnings recovery supported by growth initiatives
Earnings recovery supported by growth initiatives and managerial action Net Income evolution 2021-24 (USD bn) 37% 0 (0.15) FY 20211 0.2 (0.04) 0.46 (0.10) 0.6 0.5 0.24 0.2 Adj. 2021E2 Hydro and 2021E EBITDA D&A Financial Taxes 2024 commodity proforma charges scenario 1. Adjusted by decarbonization i
Slide 46: Financial targets 2022-24
2022-24 Financial targets eCnel
Slide 47: Strategic plan targets
Strategic plan targets 2021 2022 2023 2024 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 Retirem
Slide 48: Unique integrated utility in Chile
Unique Integrated commercial Enablers of Sustainable Bringing integrated strategy supported by decarbonization and forward Net growth vehicle with ESG fully Zero to 2040 utility in solid and electrification in Chile from 2050 integrated into diversified strategy Chile assets 47
Slide 49: Q1 2022 Financial results
Q1 2022 Financial results eCnel
Slide 50: 2022 Adjusted Financial highlights
2022 Adjusted Financial highlights (USD mn) 1 EBITDA2 Net Income3 CAPEX FFO Tariff in transmission Higher EBITDA and Renewable’ 2021 FFO includes business, PPAs indexation better financial result deployment in line with 159 USDmn of PEC and volumes lead to a drove the period the strategy factoring a
Slide 51: Sustainable capex plan
Sustainable capex plan CAPEX aligned with Enel Chile main goals Q1 2022 Capex by business and by nature1 Q1 2022 Development CAPEX1 5% Capex allocation by 9% Quarter (2022) 20% 17% Q1 14% 167 167 123 7% USD mn USD mn USD mn Q2E 29% -31% yoy -31% yoy -41% yoy 73% 74% Q3E 28% 95% Q4E 29% Networks & En
Slide 52: Q1 2022 Adjusted EBITDA evolution
Q1 2022 Adjusted EBITDA evolution Results mainly driven by indexation coming from commodities and FX rates EBITDA evolution (USD mn)1 Main KPIs Q1 2021 Q1 2022 yoy +15% Portfolio Mix Gx: +14 USD mn Hydrology 2.1 1.8 -11% (TWh) 8 12 82 Gx Sales3 6.3 8.1 +27% (TWh) 20 10 226 197 (87) Energy 3.9 4.1 +5
Slide 53: Main business breakdown: Generation
Main business breakdown Generation business EBITDA performance Net production (TWh) Q1 2022 Energy Balance (TWh) Adjusted EBITDA (USD mn)3 Energy Balance reached 8.1 TWh +15% an increase of +27% yoy +4% Sourcing (TWh) Energy Sales (TWh) 5.2 4.5 1.0 36% 35% 0.8 0.5 0.6 0.3 180 0.1 172 1.0 1.6 64% 65%
Slide 54: Main business breakdown: Networks
Main business breakdown Networks business EBITDA performance Main period KPIs EBITDA (USD mn) Q1 2021 Q1 2022 +5% Energy distributed 3.9 4.1 +71% (TWh)1 56 -13% SAIDI2 - Dx 13 155 134 (min.) +0.3 pp 33 Losses 19 5.0 5.3 Networks3 (%) 19 +10% Telecontrols (#’000) 2.4 2.7 24 14 +24% e-Billings Q1 2021
Slide 55: Adjusted Net Income
Adjusted Net Income USD mn1 +41% Higher EBITDA results mainly due to networks business 29 11 89 (3) (2) D&A reflects mainly new renewable (9) connections to the grid 63 Lower financial expenses mainly due to the factoring cost of the PEC account booked in Q1 2021 Q1 EBITDA D&A2 Financial Taxes Minor
Slide 56: FFO
FFO USD mn -171% 213 6 (130) (44) 10 (199) (7) (151) FFO Δ Adjusted Δ 2021 One- Δ Stabilization Δ Working Δ Income Δ Financial FFO Q1 20211 EBITDA2 off effect Mechanism Capital Taxes expenses Q1 20223 (factoring) & Others 1. Average exchange rate for the period 724.33 CLP/USD. 55 2. Adjusted figures
Slide 57: Debt
Debt (USD mn)1 20% SDG linked instruments Gross debt Liquidity Position Debt maturities (USD bn) +6% Maturities/Gross Debt 5,310 3.1 5,004 28% 9% 10% 12% 4% 371 367 0.5 USD bn 2.4 4,637 4,939 72% 0.6 0.7 0.5 0.5 0.7 0.2 0.7 0.1 0.3 Dec 31, 2021 Mar 31, 2022 Cash 2022 2023 2024 2025 After Net Debt Ca
Slide 58: Annexes 2022-2024
2022-2024 Annexes eCnel
Slide 59: Annexes
Annexes 2022 – 24 Financial and Operational annexes Main assumptions, Macroeconomics and sensitivities Gross Capex per Business Lines Generation Installed capacity, production and PPA portfolio Enel Chile Corporate information Credit Ratings Organization Structure Assets Location Board of Directors
Slide 60: 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 61: 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) 60
Slide 62: 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 63: 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) 62
Slide 64: Generation PPAs portfolio
Generation PPAs portfolio PPAs profile (TWh) PPAs by residual duration 29.6 28.5 29.0 27.7 35% 33% 21.9 63% 57% 63% 62% 50% 32% 50% 37% 38% 43% 37% 2022-2025 2026-2030 >2030 2020 2021E 2022E 2023E 2024E Regulated Customers Free Market 9 years avg. duration 63
Slide 65: 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. Jan/22 Ref. Jan/22 Ref. Jan/22 Ref. Jun/21 Enel Generación Enel Generación Standard & Poor’s Fitch Ratings Fitch Ratings Feller
Slide 66: Organization structure
Organization structure Enel Chile shareholders position as of March 2022 64.9% 1.1% 8.4% Chile 21.0% Pension Funds Market Cap1 Institutional Investors 1.8 USD bn ADR’s 4.5% Enel SpA 64.9% Others 100.0% 93.5% 99.1% 99.1% 100.0% Green Power Generación Chile Transmisión Chile Distribución Chile Enel X
Slide 67: Enel Chile: unique integrated utility in Chile
Enel Chile Unique integrated utility in Chile Thermal net capacity1 Renewables net capacity1 Networks1 Tarapacá TG Azabache Valle del Sol Finis Terrae Distribution Atacama Cerro Pabellón Pampa Norte Empresa Eléctrica Domeyko Valle de los Vientos Sol de Lila Sierra Gorda Este Enel Colina Taltal Lalac
Slide 68: 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 67
Slide 69: 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 70: Board of Directors' skills matrix
Board of Directors’ skills matrix Corporate Experience in IT, Information Audit, finance Communication governance, Director environmental Energy Sector Regulation Security and and risk & marketing legal and issues Cybersecurity management compliance Mr. Herman Chadwick Piñera ● ● ● ● ● ● ● Mrs. Isab
Slide 71: Management of the company
Management of the company Management Team F. Barderi Sustainability & Community Chief Executive Officer A. Pellegrini (CEO) Relations G. Turchiarelli Chief Financial Officer R. Puentes Procurement (CFO) L. Schnaidt People and Organization A. Barrios Digital Solutions D. Gomez Regulation M. Rinchi Se
Slide 72: CEO's short-term variable remuneration
CEO’s short-term variable remuneration Macro objective Objective Type of target Weight Range Maximum Profitability Net Income Chile 25% Economic 120% Maximum Financial FFO Chile 15% Financial 120% Safety in the Maximum Safety 20% ESG workplace 120% Maximum Business Customers 20% ESG 120% Maximum Bus
Slide 73: Main Environmental KPIs
Main Environmental KPIs Emissions (mil tons CO2e) Water consumption (MMm3) 2019 2020 2021 2019 2020 2021 Scope 1 4,797 4,303 5,187 Total water withdrawal 7.00 7.00 7.00 Scope 2 32 10 9.87 Net water consumption 3.82 2.53 4.06 Scope 3 286 177 186 Water consume intensity (ltrs/MWh) 0.18 0.13 0.21 Total
Slide 74: 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 75: Circular Economy Opportunities
Circular Economy Opportunities • Low exposure to • New Technologies as commodities' price enabling solutions • Low exposure to • New models that create environmental risks value from use vs. sale • Minimize environmental • Keep the value of impacts materials over time • Maintenance + Services • Valu
Slide 76: Circular Economy
Circular Economy Circular Production and use model based on renewable inputs or Inputs 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 or extension product in order to extend its useful
Slide 77: Suppliers
Suppliers Environmental Circular Safety Human Rights Economy Partnership with suppliers Rating Offer Contracts Contract Human rights and ethics Sustainabe K-factor Global Compact Principles management Health and safety Circuar design Enel’s Code of Ethics Supplier Performance Management Environment
Slide 78: Our workers
Our workers In figures By gender By age By years worked Handicap workers 6%5% 22% 24% 22% 5 33% 44% 2,215 2,215 2,215 14 13% 9 76% 9% 34% 11% 30< 31-40 3< 3-6 6-9 Male Female Women Men 41-50 51-61 9-12 over 12 1. As of December 31, 2021 77 2. Source: 2021 Integrated Report
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: Smart working program
Smart working program1 90% 80% 70% ~7x 60% 80% 50% 40% 30% 70% of Enel Chile total personnel 20% 10% 12% 17% 22% 0% 2017 2018 2019 2020 2021 The Smart Working or telework This initiative makes it possible program allows employees to to reduce emissions due to work one day a week from their transport
Slide 81: 2021 workforce training
Training, development and people care initiatives1 2021 worforce training Enel Chile offers its employees a series of training initiatives to provide them with the necessary skills to perform their daily 24% activities, which also contributes to their career development 149,549 and mobility within t
Slide 82: 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 83: Workers
Workers1 Union rate Voluntary turnover rate Turnover 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 82 1. Source: 2021 Sustainability report
Slide 84: Health and safety
Health and safety1 Total accidents (own workers + external) Accident frequency 0.76 24 0.52 14 2020 2021 2020 2021 83 1. Source: 2021 Sustainability report
Slide 85: 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 86: Sustainable Development Goals
Sustainable Development Goals Enel Chile’s commitment 85 making specific contributions, without excluding the company’s contribution to reaching the rest of the goals.
Slide 87: 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 and TCFD standards Direct link: Send us your feedback: ir.enelchile@enel.com 2021 Integrated Report 2021 Sustainability report (English & Spanish) (Spanish)
Slide 88: 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 89: First Quarter 2022 Annexes
First Quarter 2022 Annexes CNC l
Slide 90: Annexes Q1 2022 Financial and operational annexes
Annexes Q1 2022 Financial and operational annexes First Quarter Profit & loss (USD mn) Commodities and Marginal cost outlook Hydrology outlook Investor Relations Team & Contact us 89
Slide 91: First Quarter Profit & loss
First Quarter Profit & loss (USD mn) Q1 2022 Q1 2021 ∆ yoy Adjusted EBITDA2 226 197 +15% Reported EBITDA 205 184 +12% D&A (70) (303) +11% Bad Debt (7) (5) +39% Impairment 0 0 N.A. Reported EBIT 128 116 +11% Financial expenses (36) (47) -23% Results from equity investments 1 1 +79% Reported EBT 92 69
Slide 92: Commodities and Marginal cost outlook
Commodities and Marginal cost outlook Henry Hub (USD/mmbtu) Brent (USD/bbl) API 2 (USD/Ton) 6.3 7.3 6.2 118.8 5.8 113.3 325.3 328.1 319.3 5.4 98.2 104.4 5.3 4.4 87.2 83.7 81.4 4.0 231.4 4.0 4.6 3.6 68.7 73.0 75.070.8 74.6 74.1 194.5 62.2 65.6 64.7 173.0 2.5 2.8 2.9 2.6 2.9 3.0 167.2 148.4 132.8 108.
Slide 93: Hydrology outlook
Hydrology outlook Pacific temperatures confirm La Niña effect Increase in snow level Rainfall in our most relevant basins1 600 Rapel 2500 Maule (9% of consolidated Gx) (34% of consolidated Gx) Cumulated rainfall (mm) Cumulated rainfall (mm) 500 2000 400 1500 300 1000 200 100 500 0 0 Jun Jul Oct Jan
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