EBITDA Breakdown and Q1 2022 Results

Made public by

sourced by PitchSend

8 of 41

Creator

Enel logo
Enel

Category

Energy

Published

Q1 2022

Slides

Transcriptions

#1First Quarter enel x 2022 Enel Américas Consolidated results May 2nd, 2022 enel#2First Quarter 2022 Consolidated results Aurelio Bustilho CFO enel#3Key highlights of the period enel Operational performance Financial results ESG highlights Gx performance boosted by EGPA consolidation Solid growth in energy distributed in Argentina, Colombia and Peru +48% EBITDA vs PY on strong Dx and Gx performance Group net income doubled on higher EBITDA and better financial results Publishing of our 2021 first Integrated Annual Report, Sustainability Report and Form 20-F Push on renewables 36 MW RES built in Q1 2022 Fonte dos Ventos II (99 MW) begins commercial operations 2,700 MW capacity in execution Gross pipeline of 59,000 MW to support our growth strategy 3#4Current scenario Relevant BRL appreciation, inflation increases across the region Macroeconomic variables¹ Local currencies vs USD Inflation³ A% Mar' 22 vs Dec' 212 A% Q13 '22 vs '21 March 2021 March 2022 Electricity distributed A% Q1 '22 vs '21 enel Collection rate4 A% Q1 '22 vs '21 Argentina -8% -21% 42.6% 55.1% Argentina Brazil 15% 4% 6.1% 11.3% Brazil -1% Colombia 8% -10% 1.5% 8.5% Peru 7% -4% 2.6% 6.8% Colombia Costa Rica -3% -5% 0.5% 5.8% 101.4% 3% Argentina 100.2% 96.1% Brazil 97.8% 105.5% 4% Colombia 103.7% 108.8% Peru 100.9% Peru 3% Guatemala 0% 1% 5.8% 4.2% Panama - 0.3% 3.2% 2021 2022 Q1 2021 Q1 2022 A% Bad debt (US$ Mn) (50) (96) 92.6% (1) Source: Central Bank of each country; (2) End-of-period Fx; (3) Average Fx of the period, except for Argentina, which uses end-of-period FX. Panama is a dollarized economy, (3) Last 12 months, (4) Collected income/billed income: 4#5Q1 2022 AFFORDABLE AND 7 CLEAN ENERGY INDUSTRY. INNOVATION AND INFRASTRUCTURE SUSTAINABLE CITIES AND COMMUNITIES CLIMATE ACTION HA Industrial Growth: Gross CAPEX Significant investment in Renewables and Networks; 98% SDG-linked CAPEX1 CAPEX by country CAPEX by business² enel Asset development³ CAPEX by business 10% 1% 6% 7% 3%2%2% Argentina Brazil 24% US$ 563 mn (+91% YoY) Colombia Peru US$ 563 mn (+91% YoY) C. America 69% Enel X 76% 5% Networks Renewables 31% Renewables Retail Thermal US$ 191 mn (+150% YoY) Networks Enel X generation 64% (1) Excludes Thermal generation and trading; (2) Thermal generation business' includes trading business; (3) Asset development - Growth investments in generation and networks (quality programs smart metering) 5#6AFFORDABLE AND 7 CLEAN ENERGY CLIMATE 13 ACTION Generation operational highlights Strong growth in net production and energy sales due to EGPA consolidation Installed capacity (GW) Net production & energy sales (TWh) 13% 1% +36 MW added in Q1 69% renewables 17% 44% 16.0 GW 25% Hydro¹ Wind & Solar CCGT | Oil-gas Coal (1) Includes 0.8 GW of hydro capacity from EGPA; (2) Includes spot sales Net production enel +35% 13.1 0.1 0.3 00 0.1 9.7 3.5 Hydro¹ 0.3 Wind & Solar 3.6 2.5 CCGT 5.7 6.6 Oil-gas Coal Q1 2021 Q1 2022 Emission-free 59% 70% production Energy sales +34% 14.2 19.0 40% 49% Free market² Regulated 51% 60% Q1 2021 Q1 2022 9#7Installed capacity Projects in execution AFFORDABLE AND 7 CLEAN ENERGY CLIMATE 13 ACTION Focus EGP Américas 36 MW of add. capacity in Q1 2022 in Colombia Main operational KPIs 14% 7% 2% 4.7 GW 2% 11% CAPEX breakdown 1.6 2.3 4% 2% 5% 讥 0.8 77% 1.0 1.7 enel Gross pipeline (GW) ~56 GW Same as Q4 2021 -31 US$ 0.1 bn ~25 -59 ~1 89% Gross Pipeline Early Stage Mature BESS1 2.7 GW 50% Argentina 2022 0.6 Brazil 37% Colombia 2023 1.9 Peru 2024 0.2 C. America (1) BESS: Battery Energy Storage System; all projects are early stage pipeline 2.7 In Execution 7 4#8AFFORDABLE AND 7 CLEAN ENERGY CLIMATE 13 ACTION Focus EGP Américas Showcasing renewable delivery in Colombia and Brazil La Loma Colombia (COD March 2022) - enel Fonte dos Ventos II - Brazil (COD April 2022) Technology Solar Location Cesar, Colombia Installed Capacity 36 MW Technology Location Wind Pernambuco, Brazil Installed Capacity 99 MW 100% completed ~19% completed 8#9AFFORDABLE AND 7 CLEAN ENERGY INDUSTRY INNOVATION AND INFRASTRUCTURE CLIMATE 13 ACTION Networks operational highlights Relevant organic growth of end users and solid volume growth ex. Brazil Electricity distributed (TWh) End users (mn) +0.5% 30.1 +570k 30.2 25.7 enel Quality indicators1 SAIDI (hours) SAIFI (times) Q1 2021 Q1 2022 Q1 2021 Q1 2022 Argentina 13.8 14.9 4.6 5.0 Brazil 11.3 10.0 5.4 4.7 26.3 Colombia 6.7 6.5 5.2 4.9 Peru 6.9 6.8 2.5 2.1 Average 10.7 9.8 5.2 4.6 Energy losses Q1 2021 Q1 2022 Argentina Brazil 19.3% 17.7% 13.4% 13.1% Q1 2021 Q1 2022 Q1 2021 Q1 2022 Colombia 7.7% 7.5% Peru 8.6% 8.7% Average 13.2% 12.7% (1) SAIDI: System Average Interruption Frequency Index; SAIDI: System Average Interruption Duration Index SP 9#10AFFORDABLE AND 7 CLEAN ENERGY INDUSTRY. INNOVATION AND INFRASTRUCTURE SUSTAINABLE CITIES AND COMMUNITIES HA CLIMATE ACTION Enel X and Retail operating highlights Strong growth in charging points and energy sold Q enel Energy sold (TWh) +14% Enel X Retail² Q1 2021 Q1 2022 A% Delivery points (#) Charging points (#) 1,543 4,725 >200% +19%- Street lighting 842 850 +1% (final light points, mn#) 4,107 PV (MWp installed) 19 35 +82% 4,877 5.0 5.7 M&R¹ contracts 378 454 +20% (customer base, k#) Mar. 2021 Mar. 2022 Q1 2021 Q1 2022 Credit cards 884 925 +5% (Active credit cards k#) (1) Maintenance & Repair; (2) Only free market business. Figures do not include gas. 33 10#11• ESG highlights Our commitment is part of our business model 1st Integrated Annual Report Reflects how sustainability is fully integrated into our business model as a driver of risk management and value creation Includes qualitative and quantitative financial and non-financial information considered most relevant to represent our strategic thinking, summarized in the equation “sustainability=value” Link to full document OPEN POWER FOR A BR POWER SUSTAINABLE PROGRESS BRIGHTER enel Sustainability Report & Form 20-F INTEGRATED ANNUAL REPORT ENEL AMERICAS 2021 FUTURE enel • Our Sustainability Report reinforces our commitment to report relevant information regarding our ESG efforts and how every dimension is integrated into our business model Considers TCFD-related information as well as complying with SASB standards. Link to full document (in spanish) Our Form 20-F was published at the end of April, reflecting our compliance with U.S. regulation Link to full document 11#12Financial highlights (US$ mn) Significant improvement in EBITDA and bottom line Reported EBITDA Q1 2021 Q1 2022 A% YoY 789 1,166 47.7% Adjusted EBITDA¹ 789 1,114 41.2% OPEX -410 -438 6.7% Net financial results -128 -107 -16.4% Total net income 288 473 63.9% Reported Group net income² 183 366 99.6% FFO 235 -43 -118.4% Net debt (Q1 2022 vs FY 2021) 5,870 7,393 25.9% (1) Q1'22: Excludes Fx impact (- US$ 64 mn) and EGPA (+US$ 116 mn); (2) Attributable net income to controlling shareholders enel Quarter highlights EBITDA improvement mainly due to EGPA result (+116), tariff indexation in Brazil (+115), and higher sales in Gx business OPEX in line with PY excluding EGPA, and well below inflation impact Significant Group net income increase due to improved operational and financial results FFO decrease mainly due to increase in investments payments, lower collection in Brazil and bad debt Net debt increase mainly explained by FCF (-606), and accounting Fx translation (-641) 12#13EBITDA breakdown: Q1 2022 results Growth across all our business lines EBITDA evolution by business line (US$ Mn) +56% +48% 294 45 12 1,229 1,166 200 789 (63) 21 Q1 2021 Thermal Renewables Networks Generation¹ Retail Enel X FY 2021 exc. FX FX & Others² Q1 2022 (1) Thermal generation business' includes trading business (2) Q1 2022 - Fx effect: US$ -64 mn. Services & Others: US$ 1 mn enel EBITDA by country (US$ Mn) 2% 2% 14% US$ 1,166 mn (+48% YoY) 51% 31% Argentina Brazil Colombia Peru C. America 13#14Generation business results Solid performances across all countries Q1 EBITDA evolution (US$ mn) 332 +55% 513 EGPA Q1 2021 Q1 2022 Enel Américas Consolidation of continues to boost results EGPA +214% EBITDA in Brazil due to consolidation of EGP Brasil and better hydro conditions +10% and 25% EBITDA in Colombia and Peru respectively driven by higher energy sales and higher prices enel Q1 EBITDA by country (US$ mn) 5% 5% 19% 32% 513 (+55% YoY) 39% Argentina Brazil Colombia Peru C. America 14#15Networks business results Growth driven mainly by Brazil Q1 EBITDA evolution (US$ mn) 480 +39% 666 Solid electricity growth excluding Brazil distributed Q1 2021 Q1 2022 (1) IFRIC 12 Service Concession Agreements enel Q1 EBITDA by country (US$ mn) 24% +61% EBITDA in Brazil due to tariff indexation and IFRIC 121 on higher CPI +16% EBITDA in Colombia driven by tariff indexation and higher RAB remuneration 9% 666 (+39% YoY) 67% Argentina Brazil Colombia Peru 5 15#16Cash flow (US$ mn) FFO generation pressured by higher NWC 1,166 (978) (414) Generation CAPEX (211) Networks CAPEX (201) Accounts receivables5 Gx (152) Bad debt related accounts (159) (72) (43) enel US$ 0.1 bn EGPA CAPEX (563) (606) 1 EBITDA NWC Taxes paid Q1 2022 Q1 2021 789 (362) (185) Net financial expenses (7) FFO² CAPEX³ FCF4 235 (291) (56) +47.7% > 100% -14.1% +93.5% Delta YoY > 100% (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.; (4) Free cash flow; (5) Related to customers 16#17Debt (US$ Mn) Net debt/EBITDA ratio up due to higher investments needs in line with Strategic Plan Gross and net debt¹ Net debt evolution enel Gross debt breakdown Mar. 22 641 7,393 181 7 87 +25% 606 5,870 9,238 7,401 1,846 1,531 7,393 5,870 Dec. 21 1.4x Net debt/ EBITDA² Net Debt Mar. 22 Dec. 21 FCF Net dividend Financial Extraordinary paid receivables operations4 FX Mar. 22 1.7x 6.1% Cash³ Cost of gross debt +249 bps 8.6% Country Currency 7% BRL 20% COP US$ 9,238 mn USD 54% PEN 19% Others5 1% 10% 15% US$ 9,238 mn Argentina Brazil Colombia Peru 54% C. America 19% Holding (1) Gross and net debt exclude accrued interests and adjustments after derivatives; (2) Does not include pension fund liability in Dx Sao Paulo. Including Sao Paulo pension fund: 1.9x; (3) Cash and cash equiv. +90-day cash investments; (4) Related to the electric buses business in Colombia; (5) Others - UF: Mar. 22: 0.04%; EUR: Mar. 22: 0.05%; (6) Argentina - Mar. 22: 0.48% 17#18Financial position Solid liquidity to support our Strategic Plan goals Liquidity position Debt maturities (US$ bn) 76% US$ 2.4 bn 24% Available committed credit lines Cash and cash equivalents 3.9 enel 2.2 1.7 Average maturity: 3.2 years 1.5 2022 2023 2024 After 2024 Maturities / 24% 16% 18% Gross debt 18#19Closing remarks enel Solid operational results in all businesses Strong results at EBITDA and Net income level Sound financial position supports our growth strategy Affirming our ESG business strategy as one of the main sustainable companies Strong ability to develop, deliver and execute new renewable capacity in line with our strategy 19#20First Quarter Annexes enel x 2022 enel#21Regulation Update Q1 2022 = enel • . . • • Resolution SE No. 238/2022: Updated the values of the remuneration to generators of Resolution SE No. 440/2021, by means of a linear increase of 30% retroactive to February 2022 and an additional 10% as from June 2022. Resolution ENRE No. 75/22: Adjusted the values of the Tariff Table as of March 1, 2022, stating that Edesur's new average tariff is $ 6,240/kWh (+16.4%) and that the distribution cost is increased by 8%, in the same proportion as the values of the cost of non-supplied energy. Water Scarcity Account: Aneel approved the creation of Water Scarcity Account, destined to receive funds to cover the additional costs derived from the water scarcity situation for the concessionaires of electricity distribution, and the deferral of the tariff adjustments until the date of the credit (Expected to May 2022). The repayment of the loan to the banks will be carried out through a specific tariff charge within the period of 54 months, as of the 2023 tariff processes. Presidential Decree No. 10.893/2021: Establishes that the Regulator would grant authorization for generation power plants until March 3rd, 2022 without the Network Feasibility Document (issued by Brazilian TSO- ONS). This allowed to progress with projects that are in critical regions (connection wise). Res. CREG 101-001/2022: It establishes the conditions for implementing advanced metering infrastructure in the National Interconnected System. Among the aspects to be highlighted is the delegation of the responsibility for the development to the network operator and defines the maximum annual cost of remuneration at 15% of the base cost of commercialization. Roadmap for Offshore wind projects: The Ministry of Mines and Energy published the roadmap for energy generation with offshore wind projects as part of the diversification process of the country's energy matrix. State of national emergency due to COVID-19 remains in place. Nevertheless, economic activities are running at full capacity. VAD: proposal to be presented to NRA in May, 3rd at its final stage. Process schedule has been published and new tariffs are expected to be applied by November, 1st 2022. Adjust on outsourcing of activities (due to new legislation) is currently under analysis. Panama Short-term tender ETESA (ETESA 01-21): The awarding process for the contracting of energy for the period from Nov-2021 to Dec-2023 was completed. Costa Rica - Law for the promotion and regulation of distributed energy resources from renewable energies 21#22Operating exhibits Net installed capacity and Total net production: Breakdown by source and geography Net installed capacity (MW) enel Large Hydro MW Wind Solar Oil-Gas CCGT Coal Total Hydro EGPA Argentina 1,328 0 0 0 1,169 1,922 0 4,419 Brazil 1,038 234 2,156 1,234 0 319 0 4,981 Colombia 3,097 0 0 122 180 0 226 3,625 Peru 792 0 132 179 730 459 0 2,294 Central America 0 545 0 101 0 0 0 646 Total 6,256 779 2,288 1,637 2,079 2,700 226 15,965 Total net production (GWh) Large Hydro GWh Wind Solar Oil-Gas CCGT Coal Total Hydro EGPA Argentina 427 0 0 0 100 2,928 0 3,455 Brazil 721 367 1,781 438 0 0 0 3,308 Colombia 3,473 0 0 41 6 0 134 3,654 Peru 1,233 0 134 108 207 539 0 2,220 Central America 0 403 0 29 0 0 0 433 Total 5,855 770 1,916 615 313 3,467 134 13,069 22#23Operating exhibits Distribution companies enel Distributor Clients Energy sold SAIDI LTM (GWh) (hours) SAIFI (times) Energy losses (%) Concession City, Country area (km²) Next tariff review Edesur 2,560,126 16,873 14.9 5.0 17.7% Buenos Aires, Argentina 3,309 2023 Enel Dx Rio 3,060,678 11,379 9.4 4.5 20.6% Niteroi, Brazil 32,615 2023 Enel Dx Ceará 4,065,920 12,780 10.8 4.5 16.3% Fortaleza, Brazil 148,921 2023 Enel Dx Goiás 3,311,245 15,057 17.8 8.0 11.2% Goias, Brazil 336,871 2023 Enel Dx São Paulo 8,090,442 40,989 6.7 3.5 10.6% Sao Paulo, Brazil 4,526 2023 Enel-Codensa 3,726,919 14,745 6.5 4.9 7.5% Bogota, Colombia 26,093 2024 Enel Dx Perú 1,502,482 8,181 6.8 2.1 8.7% Lima, Peru 1,602 2022 Total 26,317,812 120,004 - - 23#24Financial exhibits enel Q1 2022 Q1 2021 ΔΥΟΥ Revenues 3,794 3,275 +16% Gross Margin 1,604 1,199 +34% OPEX -438 -410 +7% Reported EBITDA 1,166 789 +48% D&A1 -364 -271 +34% EBIT 802 518 +55% Net financial results -107 -128 -16% Non operating results 0 0 >100% EBT 695 390 +78% Income taxes -223 -101 >100% Minorities -107 -105 +2% Group Net Income 366 183 +100% (1) Depreciations, amortizations and impairments 24 224#25Financial exhibits EBITDA breakdown EBITDA by country Q1 2022 2% 2% EBITDA by business line Q1 2022 2% 31% 14% 1,166 (+48% yoy) 51% 8% 8% 48% 1,166 (+48% yoy) 34% enel Brazil Colombia Peru Argentina C. America Thermal generation Renewables Networks Retail Enel X 25#26Argentina (US$ mn) Quarter results 1 Generation Networks Total² Q1 2021 Q1 2022 % Q1 2021 Q1 2022 % Q1 2021 Q1 2022 % Revenues 43 47 10% 157 189 20% 199 236 18% OPEX -17 -18 5% -48 -63 32% -65 -81 25% EBITDA 22 27 21% 3 -4 -240% 24 23 22 -9% Net Income 3 -9 -412% Gross Capex 8 3 -58% GS -6 5 -173% -6 -7 15% 25 36 42% 33 33 39 18% Net Production 3,307 3,455 4% 1 . 3,307 3,455 4% El Chocón 1,363 MW* (GWh) Energy Sales 3,307 3,455 4% 4,033 4,171 3% (GWh) Av. Spot Price N.A. N.A. . N.A. N.A. ($US/MWh) Energy losses (%) - Customers (Th) 19.3% 17.7% 2,560 2% - 2,515 2,560 2% enel Dock Sud 846 MW* Buenos Aires Costanera 2,210 MW* Edesur Clients: 2.5 m Hydro plant Thermal plant ☐ Networks end users *Net installed capacity 2,515 (1) Networks business includes Enel X. Generation business includes trading business. Both, Generation and Netwoks businesses, include Retail business; (2) "Total" included Holding and Services adjustments. 26#27Brazil (US$ Mn) Quarter results enel 1 1 Generation Networks Total² Q1 2021 Q1 2022 % Q1 2021 Q1 2022 % Q1 2021 Q1 2022 % Revenues 406 323 -20% 1,795 2,125 18% 2,138 2,375 11% Fortaleza 319 MW* OPEX -7 -26 270% -235 -209 -11% -257 -252 -2% EBITDA 53 165 214% 279 448 61% 318 602 89% Net Income 19 141 632% 50 77 54% 30 279 824% Cachoeira Brasilia Gross Capex 5 118 2250% 147 309 111% 158 428 171% Dourada 655 MW* Net Production 994 3,308 233% - 994 3,308 233% (GWh) Enel Dx Ceará Clients: 4.0 m Rio de Janeiro Enel Dx Goiás Clients: 3.1 mn Enel Dx Rio Clients: 3.0 m Energy Sales Cien 2,100 MW 3,888 7,247 86% 20,466 20,288 -1% (GWh) Volta Grande 380 MW* Av. Spot Price 31 11 -65% 31 11 -65% ($US/MWh)³ Energy losses (%) 13.4% 13.1% Customers (Th) 18,129 18,528 2% Enel Dx São Paulo Clients: 7.8 m (1) Networks business includes Enel X. Generation business includes trading business. Both, Generation and Networks businesses, include Retail business; (2) "Total" included Holding and Services adjustments; (3) Southeast/Central-west region Hydro plant Thermal plant ☐ Transmission line ☐ Networks end users *Net installed capacity 27 - 18,129 18,528 2%#28Colombia (US$ mn) Quarter results enel Generation Networks Total² Q1 2021 Q1 2022 % Q1 2021 Q1 2022 % Q1 2021 Q1 2022 % Revenues 290 336 16% 413 463 12% 611 745 22% OPEX EBITDA -16 -21 36% -34 -30 -10% -50 -52 5% 180 199 10% 137 159 16% 318 362 14% Emgesa 409 MW* Enel Codensa Clients: 3.6 m 110 109 10 10 11 Net Income Gross Capex Net Production 3,282 3,654 11% - - (GWh) Energy Sales 4,098 4,551 11% 3,519 3,667 4% (GWh) Av. Spot Price 101 ($US/MWh) 52 52 -49% ' Energy losses (%) י 7.7% 7.5% Customers (Th) 3,641 3,727 -2% 65 72 10% 175 183 4% Bogota 8% 64 43 -33% 74 54 -28% 3,282 3,654 11% Enel Emgesa 3,097 MW* 101 62 52 -49% Hydro plant Thermal plant ☐ Networks end users *Net installed capacity 2% 3,641 3,727 2% (1) Networks business includes Enel X. Generation business includes trading business. Both, Generation and Networks businesses, include Retail business; (2) "Total" included Holding and Services adjustments. 28#29Peru (US$ Mn) Quarter results Generation Networks Total² Q1 2021 Q1 2022 % Q1 2021 Q1 2022 % Q1 2021 Q1 2022 % Revenues 128 169 32% 233 251 8% 327 372 14% Enel Gx Piura OPEX -16 -20 27% -17 -19 10% -33 -38 15% 336 MW* EBITDA 77 96 25% 61 63 4% 135 160 18% Net Income 44 63 43% 23 29 26% 63 91 45% 5 Gross Capex 4 10 138% 25 26 4% 29 36 24% Enel Gx Perú 792 MW* Net Production 2,115 2,220 5% - - 2,115 2,220 5% (GWh) Energy Sales 2,893 3,098 7% 2,039 2,090 3% . (GWh) Lima Enel Gx Perú 859 MW* Av. Spot Price 8 23 178% י 8 23 23 178% ($US/MWh) Energy losses (%) - . 8.6% 8.7% Customers (Th) 1,465 1,502 3% 1,465 1,502 Hydro plant ☐ Thermal plant ☐ Networks end users 3% *Net installed capacity enel Enel Dx Perú Clients: 1.4 m (1) Networks business includes Enel X. Generation business includes trading business. Both, Generation and Networks businesses, include Retail business; (2) "Total" included Holding and Services adjustments. 29#30Central America (US$ mn) Quarter results Revenues OPEX EBITDA Net Income Central America Q1 2021 Q1 2022 % 66 -8 - 26 12 6 Gross Capex Net Production 433 (GWh) Energy Sales 676 (GWh) Av. Spot Price ($US/MWh) Energy losses . (%) Customers (Th) Hydro plant Solar plant enel 30#31Financial exhibits Liquidity and credit profile enel Liquidity (US$ m) Total Used Available Committed credit lines 1,538 961 577 Cash and cash equivalents 1 1,846 0 Total liquidity 3,383 961 1,846 2,422 Credit Profile S&P Fitch Moody's as of March 2022 LT international debt BBB- A- Baa2 LT local debt Outlook (Int'l) Shares Stable Stable Stable 1st Class Level 1 (1) Include cash and cash equivalents for more than 90 days 31 37#32ESG positioning ESG scores and indices enel MSCI S&P Dow Jones FTSE Russell Moody's ESG Solutions Refinitiv CDP1 AA AA AA 4.1 3.8 56 83 84 85 3.5 B 53 81 83 81 47 2019 2020 2021 2019 2020 2021 2019 2020 2021 ■2019 2020 2021 2019 2020 2021 ■ 2021 Scale from CCC to AAA Scale from 0 to 100 Scale from 0 to 5 Scale from 0 to 100. Scale from 0 to 100 Scale from D- to A Indexes and Ratings 1 Morningstar: Emerging Markets Sustainability Indexes 5 S&P IPSA ESG Tilted Index 2 DJSI Chile, DJSI Mila Pacific Alliance and DJSI Emerging Markets 6 MSCI: Universal and Focus ESG Indexes 3 FTSE Emerging Markets and Latin America Indexes 7 Refinitiv Diversity & Inclusion Index 4 Moody's ESG: Rranking Best Emerging Markets Performers (1) Carbon Disclosure Project; 2021 corresponds to the first score for the company MOODY'S ESG Solutions S&P Dow Jones Indices A Division of S&P Global FTSE4Good MSCI SHP IPSA ESC SANTIAGO TILTED ADEX 2021 32#33Corporate governance structure 57% BoD's composition 43% Shareholders' meeting Audit firm Board of Directors (7 members) enel Executive ■ Independent Directors Committee *** Functions: Audit committe Sustainability committe Related parties transactions 33#34Board composition Borja Acha Besga Board of Directors Chair Board of Directors' diversity1 enel 43% 29% Francesca Gostinelli Director Age diversity Giulia Genuardi Director 14% 14% Gender diversity 29% ■ 41-50 ■ 51-60 71% Male Female José Antonio Vargas Director ■ 61-70 ■ over 70 14% 14% Hernán Somerville Senn Directors' Committee (C) Director Tenure diversity 14% 14% 29% 29% Nationality diversity 14% Directors' Committee Patricio Gómez Sabaini Domingo Cruzat 43% Director ■ 0-3 years ■ 3-6 years Directors' Committee Director ■ 6-9 years 29% ■Over 12 years ■ Chilean ■ Colombian ■ Spanish ■ Argentinean ■ Italian Executive ■ Independent 34#35CEO's short-term variable remuneration Type of Target Objective Weight Range Profit Economic Net Income 25% Maximum 120% Latin America Financial FFO Latin America 15% Maximum 120% Business Customer's operations 20% Maximum 120% Claims Business 20% Maximum 120% (Commercial operations) Safety Safety in the workplace 20% Maximum 120% enel 35#36Q1 2022 Consolidated results Disclaimer enel 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 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 of the United States or Chile, an increase in the market rates of interest in the United States or elsewhere, adverse decisions by government regulators in Chile or elsewhere and other factors described in Enel Américas' Annual Report or Form 20-F. 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. 36#37Q1 2022 Consolidated results Contact us enel enel Rafael de la Haza Head of Investor Relations Investor Relations team Jorge Velis Javiera Rubio Nicolás Gracia Francisco Basauri Monica De Martino - NY Office Contacts Email - [email protected] Channels e Websitelamericas.com e Download App Android iOS Mobile App Enel Américas Investors Thank you. 37#38enel

Download to PowerPoint

Download presentation as an editable powerpoint.

Related

Q3 2020 Investor Presentation image

Q3 2020 Investor Presentation

Energy

New Fortress Energy Q3 2023 Investor Presentation image

New Fortress Energy Q3 2023 Investor Presentation

Energy

Helix Energy Solutions Company Update image

Helix Energy Solutions Company Update

Energy

2nd Quarter 2020 Investor Update image

2nd Quarter 2020 Investor Update

Energy

Helix Energy Solutions 2006 Annual Report image

Helix Energy Solutions 2006 Annual Report

Energy

Investor Presentation image

Investor Presentation

Energy

Investor Presentation image

Investor Presentation

Energy

Premium Rock, Returns, Runway 3Q 2022 Earnings image

Premium Rock, Returns, Runway 3Q 2022 Earnings

Energy