Enel Americas S A : Américas – Consolidated Results Presentation – Q1 2026

About this update from Enel Americas S.a.

‌First Quarter Enel Américas Consolidated results April 30 th , 2026 ‌Q1 2026 Key highlights and operational performance Giuseppe Turchiarelli CEO ‌Q1 2026 Key highlights Investments CAPEX USD 0.45 bn +10%YoY Investments aligned with Strategic Plan goals +4% increase on investments, aligned with implemented tariff scheme Grids CAPEX increased 42% mainly focused on digitalization and resilience Lower investments execution due to completion of Guayepo III Financial results EBITDA USD 1.17 bn +16%YoY Strong performance in Grids and Fx appreciation boosted EBITDA 2x EBITDA due to tariff indexation and higher volumes +15% EBITDA growth boosted by Grids and BRL appreciation Tariff indexation on Grids and COP appreciation led to +12% EBITDA increase Profitability Netincome USD 0.27 bn +9%YoY Net income expansion led by higher EBITDA and stable financial results Total dividend approved of USD 280 mn by Annual Shareholders' Meeting Early cancellation of 4% treasury shares approved by Extraordinary Shareholders' Meeting 3 ‌Regulatory scenario Relevant topics Key recent and expected developments for our main markets Framework agreement signed with the Energy Secretariat, recognizing electricity consumption in low-income neighborhoods, with compensation of energy purchases from CAMMESA from 2024 to March 2026. This represents a positive effect on EBITDA of USD 18 million Enel Dx São Paulo: ANEEL 1 started an administrative process to evaluate a possible recommendation regarding the early termination of the concession to the Ministry of Mines and Energy. Dx concession renewal: Enel Dx Rio and Enel Dx Ceará: Waiting for Ministry of Mines and Energy's approval, after positive recommendation from ANEEL. Enel Dx São Paulo process currently suspended Annual tariff adjustments: Enel Dx Rio: Published on March 10, approved an average increase of 15.46% Enel Dx Ceará: Published on April 22, approved an average increase of 5.78% Enel Dx São Paulo: Expected by July 2026 Economic Emergency Decree (Decree 150/2026, issued on February 11, 2026) and subsequent decrees: Decree 0173 on Estate Tax: One-time application, with an effect of USD 19 million registered on Q1'26 EBITDA (1) Electricity Regulatory Agency 4 ‌Gross CAPEX Grids CAPEX breakdown 2 Focus on Grids aligned with Strategic Plan goals; Brazil leads CAPEX growth CAPEX by country and business 1 1% 11% 21% USD 446 mn (+10% YoY) 68% 12% USD 446 mn (+10% YoY) 88% Networks upgrade growth +50% YoY 37% 33% USD 391 mn (+30% YoY) 30% Argentina Brazil Colombia Others 3 Grids Integrated business Networks upgrade Ordinary Connections Rounded figures. (1) Integrated business' includes generation and customers; (2) Networks upgrade include CAPEX in resilience, digitalization & climate change, among others; Ordinary includes asset 5 maintenance CAPEX; (3) Includes CAPEX from Central America (USD 2 mn) and Peru (USD 2 mn) ‌Grids operational highlights Quality indicators 2 Continued deployment of smart meters reinforcing our digitalization efforts Electricity distributed (TWh) Grids customers (mn) +2% 27.6 28.2 22.7 +377k 23.1 Edesur Enel São Paulo Enel Rio Enel Ceará Enel Colombia 16.5 6.4 8.4 17.5 6.9 8.2 9.0 8.8 8.1 7.3 SAIDI (hours) Q1 2025 Q1 2026 8.2 3.2 4.8 9.3 4.0 4.0 4.1 4.7 8.3 7.3 SAIFI (times) Q1 2025 Q1 2026 Energy losses Q1 2025 Q1 2026 Edesur 17.7% 17.5% Enel São Paulo 10.3% 11.0% Enel Rio 20.1% 20.5% Enel Ceará 17.1% 18.0% Q1 2025 Q1 2026 1,498 2,468 +65% 12.4 13.7 +11% 546 594 +9% Q1 2025 Q1 2026 Smart meters (th) Net RAB 1 (USD bn) Net RAB / Grid customer 1 (USD) 7.5% 7.7% Enel Colombia Rounded figures. (1) Figures net of Fx effect; (2) SAIFI: System Average Interruption Frequency Index; SAIDI: System Average Interruption Duration Index. Last twelve months regulatory data, aligned to KPIs 6 reported to local regulator. ‌Installed capacity & net production Lower hydro generation in Colombia and lower wind resources in Brazil Net installed capacity (GW) Net production 1 (TWh) 96% 4% renewables Capacity by country Enel Américas 1 -8% Brazil -28% Colombia & Central America 6.6 GW 9.6 0.1 3.1 0.2 8.8 Curtailment (TWh) 0.8 0.6 - - 26% 41% 4.5 GW 3.6 4.8 -11% 4.7 -6% 3.9 0.6 1.8 2.5 4.1 3.1 4.4 12.1 GW 0.7 GW 4.3 0.4 0.1 29% Hydro Wind 0.3 GW Solar Thermal 98% Q1 2025 99% Q1 2026 5.6 5.8 Emission-free production 1.7 Q1 2025 Q1 2026 Hydro Wind & Solar Thermal Q1 2025 Q1 2026 0.3 GW projects in execution Rounded figures. (1) Enel Américas includes Central America and Peru. Argentina is excluded for 2025 due to the non-renewal of El Chocón hydropower concession ‌Energy balance Lower sales mainly explained by lower production and lower trading activity Energy balance (TWh) Enel Américas 1 -8% 12.0 12.0 Brazil Colombia & Central America 5.4 9.6 2.4 0.3 11.0 11.0 5.9 8.8 5.1 0.1 2.1 1.8 4.8 5.0 0.1 1.9 6.8 6.8 -9% -5% 6.3 6.2 6.2 5.2 5.2 5.0 5.0 3.5 1.3 4.7 0.4 0.5 3.7 4.4 0.5 2.1 4.3 4.0 0.3 1.5 0.2 1.1 Sourcing Sales Sourcing Sales Sourcing Sales Sourcing Sales Sourcing Sales Sourcing Sales Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Production Third party purchases Net spot 2 Regulated sales Unregulated sales Rounded figures. (1) Enel Américas includes Central America and Peru. Argentina is excluded for 2025 due to the non-renewal of El Chocón hydropower concession; (2) Net amount of spot purchases and sales ‌Q1 2026 Economic and financial performance Rafael de la Haza CFO ‌Financial highlights Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 0.1 0.5 0.3 0.2 1.0 -84% +9% 1.2 +16% FFO (USD bn) Net income (USD bn) EBITDA (USD bn) EBITDA growth led by Grids in Argentina, Brazil and Colombia EBITDA increase mainly due to higher tariff indexation in Argentina, Brazil and Colombia and currency appreciation Net income improvement on higher EBITDA and stable financial results, partially offset by higher income tax expenses Positive FFO despite NWC pressure in Brazil related to higher CVA due to higher energy costs ‌EBITDA breakdown: Q1 2026 results Growth in Grids positive Fx dynamics boosted EBITDA EBITDA evolution by business line (USD mn) EBITDA breakdown +16% +5% 1,015 (4) 1,070 103 (64) 124 1,174 39% 5% 1% 5% USD 1,174 mn 50% Argentina Brazil Colombia Peru C. America 1% Q1'25 Integrated business Grids Others 1 Adj. Q1'26 Fx Q1'26 34% USD 1,174 mn 65% Grids Integrated business Others ‌Cash flow (USD bn) Positive FFO despite NWC pressure in Brazil 1.17 (0.13) 0.08 (0.45) (0.18) (0.79) EBITDA NWC 1 Taxes paid Net financial expenses FFO 2 CAPEX 3 (0.37) FCF 4 1.02 (0.34) (0.10) (0.10) 0.47 (0.41) 0.06 Q1 2025 Rounded figures. (1) Net working capital; (2) Funds from operations; (3) CAPEX accrued gross of contributions and connections fees. Differences between CAPEX accrued and CAPEX paid are included in the NWC; 12 (4) Free cash flow. ‌Debt (USD bn) Net debt increase due to Fx appreciation, dividend payments and negative FCF 3% 9% 1% 36% USD 7.4 bn 52% Gross and net debt 1 Net debt evolution Gross debt breakdown Currency +8% 6.8 5.6 4.8 2.0 1.7 7.4 4.8 0.4 0.1 0.4 5.6 +17% BRL COP USD ARS PEN Dec. 25 Mar. 26 1.1x 1.3x Net debt / EBITDA 2 Dec. 25 FCF Dividend paid Cost of gross debt +140 bps FX Mar. 26 Brazil Colombia 8% 1% 1% USD 7.4 bn 3% 52% 36% Holding Argentina C. America Peru 11.4% 12.8% Country Net Debt Cash 3 (1) Gross & net debt exclude accrued interests and adjustments after derivatives; (2) Annualized ratio. Net debt does not include pension fund liability in Dx Sao Paulo. Including Sao Paulo pension fund: 1.3x; 13 (3) Cash and cash equiv. + 90-day cash investments. ‌Closing remarks Continued capital allocation in Grids at the core of our strategy 1 Strong results led by Grids across all countries and currency appreciation 2 Focus on regulatory advocacy efforts to ensure business continuity 3 ‌Q1 2026 Annexes ‌Current scenario Local currencies, inflation, electricity distributed and interest rates Macroeconomic variables 1 Electricity distributed Interest rates ∆% Q1 2 '26 vs '25 12% 10% -29% Local currencies vs USD March 2025 March 2026 55.9% 32.6% 5.5% 4.1% 5.1% 5.6% 1.2% -2.1% 1.6% 2.5% -0.5% 0.9% Inflation 3 Argentina Brazil Arg 9.50% 10.25% - 1% 5% entina 0.4% March March 2025 2026 Brazil 2.5% Selic 14.25% 14.75% Colombia Costa Rica Guatemala Colombia 2.2% MPR 4 Panama ∆% Q1 '26 vs '25 ‌Operating exhibits Distribution companies Distributor Clients Energy sold LTM (GWh) SAIDI (hours) SAIFI (times) Energy losses (%) City, Country Concession area (km2) Next tariff review Edesur 2,745,351 17,670 17.5 9.3 17.5% Buenos Aires, Argentina 3,309 2030 Enel Ceará 4,352,503 15,976 8.8 4.7 18.0% Fortaleza, Brazil 148,921 2027 Enel Rio 3,121,676 14,927 8.2 4.1 20.5% Niteroi, Brazil 32,615 2028 Enel São Paulo 8,772,101 45,283 6.9 4.0 11.0% Sao Paulo, Brazil 4,526 2027 Enel Colombia-Dx 4,083,041 15,571 7.3 7.3 7.7% Bogota, Colombia 26,093 2027 Total 23,074,672 109,426 - - - - - - 17 ‌Operating exhibits Net installed capacity & Total net production: Breakdown by source and geography Net installed capacity (MW) MW Hydro Wind Solar CCGT Coal Total Argentina 0 0 0 0 0 0 Brazil 1,273 3,506 1,844 0 0 6,622 Colombia 3,097 0 1,148 0 224 4,470 Central America 543 0 162 0 0 705 Peru 0 0 0 318 0 318 Total 4,914 3,506 3,154 318 224 12,115 Total net production (GWh) GWh Hydro Wind Solar CCGT Coal Total Argentina 0 0 0 0 0 0 Brazil 1,765 1,856 657 0 0 4,278 Colombia 3,200 0 514 0 10 3,723 Central America 655 0 61 0 0 717 Peru 0 0 0 74 0 74 Total 5,619 1,856 1,232 74 10 8,792 18 ‌Financial exhibits Reported results Q1 2026 Q1 2025 ∆ YoY Revenues 3,924 3,297 +19% Gross Margin 1,647 1,428 +15% OPEX (473) (413) +15% Reported EBITDA 1,174 1,015 +16% (361) 654 (163) (1) 489 (140) (104) +13% +17% -8% <-100% +26% +66% +12% D&A 1 (408) EBIT 766 Net financial results (150) Non operating results 0 EBT 616 Income taxes (233) Non-controlling interest (117) Group Net Income 267 245 +9% ‌Grids business results Quarterly results YTD EBITDA by country (USD mn) Q1 EBITDA evolution (USD mn) +30% 8% 31% 798 (+30% YoY) 61% 798 613 Q1 2025 Q1 2026 Argentina Brazil Colombia ‌Generation business results YTD EBITDA by country (USD mn) Quarterly results Q1 EBITDA evolution (USD mn) -6% 14% 29% 382 (-6% YoY) 57% 382 407 Q1 2025 Q1 2026 Brazil Colombia C. America ‌Argentina (USD mn) Grids 1 Q1 2025 Q1 2026 % Q1 2025 Q1 2026 % Q1 2025 Q1 2026 % Total 2 Quarterly results Generation 1 Revenues 13 2 -87% 410 419 2% 423 421 0% Procurements and Services -1 0 -87% -276 -265 -4% -277 -265 -4% OPEX -3 -2 -33% -112 -90 -20% -115 -92 -20% EBITDA 9 0 <-100% 22 65 >100% 31 64 >100% Net Income 3 -9 <-100% -18 27 <-100% -19 3 <-100% Gross Capex 0 0 <-100% 47 49 4% 47 49 4% Net Production (GWh) 519 58 -89% - - - 519 58 -89% Energy Sales (GWh) 520 0 -100% 4,524 4,543 0% - - - Av. Spot Price ($US/MWh) N.A. N.A. - - - - N.A. N.A. - ‌Brazil (USD mn) Grids 1 Q1 2025 Q1 2026 % Q1 2025 Q1 2026 % Q1 2025 Q1 2026 % Total 2 Quarterly results Generation 1 Revenues 295 446 51% 1,577 2,018 28% 1,875 2,449 31% Procurements and Services -136 -301 >100% -1,012 -1,299 28% -1,142 -1,579 38% OPEX -29 -35 21% -176 -230 31% -223 -283 27% EBITDA 130 110 -16% 390 489 25% 509 587 15% Net Income 50 24 -53% 73 94 28% 138 145 5% Gross Capex 31 8 -73% 206 293 42% 238 302 27% Net Production (GWh) 4,809 4,278 -11% - - - 4,809 4,278 -11% Energy Sales (GWh) 6,773 6,156 -9% 19,331 19,806 2% - - - Av. Spot Price ($US/MWh) 3 27 59 >100% - - - 27 59 >100% ‌Colombia (USD mn) Grids 1 Q1 2025 Q1 2026 % Q1 2025 Q1 2026 % Q1 2025 Q1 2026 % Total 2 Quarterly results Generation 1 Revenues 411 383 -7% 540 629 16% 899 961 7% Procurements and Services -176 -130 -26% -301 -334 11% -423 -413 -2% OPEX -22 -35 59% -39 -50 30% -61 -86 40% EBITDA 213 218 2% 200 245 22% 414 462 12% Net Income 116 101 -13% 87 106 21% 203 207 2% Gross Capex 70 40 -43% 50 52 4% 120 92 -23% Net Production (GWh) 3,974 3,723 -6% - - - 3,974 3,723 -6% Energy Sales (GWh) 5,273 5,222 -1% 3,770 3,851 2% - - - Av. Spot Price ($US/MWh) 94 50 -46% - - - 94 50 -46% ‌Central America (USD mn) 76 83 Revenues Q1 2026 Q1 2025 Central America Energy Sales (GWh) Net Production (GWh) Quarterly results % -9% Procurements and Services -20 -13 -34% OPEX -7 -8 5% EBITDA 56 55 -1% Net Income 29 27 -6% Gross Capex 1 2 30% 733 717 -2% 888 829 -7% ‌Peru (USD mn) Energy Sales (GWh) Net Production (GWh) Gross Capex Net Income EBITDA OPEX Procurements and Services Revenues Quarterly results Peru Q1 2025 Q1 2026 % 18 16 -8% -7 -7 -5% -3 -2 -30% 8 8 -4% 10 4 -61% 0 2 >100% 75 74 -1% 107 87 -19% ‌Consolidated financial position Liquidity, debt maturities and credit profile Baa3/Negative (April 2026) Liquidity position Debt maturities (USD bn) Credit profile 40% USD 2.9 bn 60% 3.2 2.3 1.0 0.9 Average maturity of 3.3 years BB+/Stable (April 2026) BBB+/Stable (March 2026) Committed credit lines Cash and cash equivalents 2026 2027 2028 After 2028 31% 13% 12% AA/Stable (June 2025) Maturities / Gross debt ‌Corporate governance structure 29% BoD's composition 14% 57% Shareholders' meeting Audit firm Functions: Audit committee Sustainability committee Related parties' transactions Directors Committee Board of Directors (7 members) Executive of the Enel Group Independent Non-executive elected by Enel SpA ‌Board composition Board of Directors Board of Directors' diversity 14% 86% Chairman Director Director Director Directors' Committee Director Directors' Committee Director Directors' Committee (C) Director Borja Acha Besga Luca Lo Voi Roberto Deambrogio José Antonio Vargas Gender diversity Male Female Britaldo Soares Iris Boeninger Tenure diversity 14% 14% 14% 57% 0-3 years 6-9 years Nationality diversity 14% 14% 29% 14% 29% Chilean Italian Hernán Somerville Senn 9-12 years Over 12 years Colombian Spanish Brazilian Executive of the Enel Group Non-executive elected by Enel SpA Independent 29 ‌Enel Américas - Policies, principles and codes Ethics, Integrity, Human Rights, and Diversity Ethica l code Zer o Toleranc e Pla n fo r Corruption Globa l Complianc e Progra m o n Corporat e Crimina l Liability Crimina l Ris k Preventio n Model Complianc e Progra m fo r Fre e Competitio n Regulations Huma n Right s Policy Diversit y Policy Privac y an d dat a protectio n policy Corporate Governance: Corporat e Governanc e practices Actio n protoco l i n dealin g wit h publi c official s an d publi c authorities Protoco l o f acceptanc e an d offerin g o f gifts , presents , an d favors Inductio n procedur e fo r ne w Directors Procedur e fo r permanen t trainin g an d continuou s i mprovemen t o f th e Boar d o f Directors Informatio n procedur e fo r shareholder s abou t th e backgroun d o f candidate s fo r Director Habitualit y policy Ta x transparenc y an d reporting Engagemen t polic y - Investor Relations Bylaws Manua l fo r th e Managemen t o f Informatio n o f Interes t t o th e Market Sustainability: Sustainability and Community Relations Policy Environmental policy 30 Biodiversity policy ‌Q1 2026 Consolidated results Disclaimer This presentation contains statements that could constitute forward-looking statements. These statements appear in a number of places in this presentation and include statements regarding the intent, belief or current expectations of Enel Américas and its management with respect to, among other things: (1) Enel Américas' business plans; (2) Enel Américas' cost-reduction plans; (3) trends affecting Enel Américas' financial condition or results of operations, including market trends in the electricity sector in Chile or elsewhere; (4) supervision and regulation of the electricity sector in Chile or elsewhere; and (5) the future effect of any changes in the laws and regulations applicable to Enel Américas or its subsidiaries. Such forward-looking statements reflect only our current expectations, are not guarantees of future performance and involve risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of various factors. These factors include a decline in the equity capital markets, an increase in the market rates of interest, adverse decisions by government regulators in Chile or elsewhere and other factors described in Enel Américas' Annual Report. Readers are cautioned not to place undue reliance on those forward-looking statements, which state only as of their dates. Enel Américas undertakes no obligation to release publicly the result of any revisions to these forward-looking statements, except as required by law. ‌Q1 2026 Consolidated results Contact us Contacts Email - [email protected] Jorge Velis Head of Investor Relations Channels Website https://www.enelamericas.com Download App Mobile App Enel Américas Investor Relations team Nicolás Gracia Claudio Ortiz Sebastián Cisternas Francisco Basauri - ESG Paulina Musalem - ESG iOS Android Thank you. ‌

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