Enel Energy Transition Strategy

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2022

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#1Corporate presentation Enel Américas March 2023 eriel#2Index 1 Enel Américas today 2 Core businesses 3 2023-2025 Strategic Plan 4 Our strategy going forward 5 Financial figures 6 Financial targets enel#3Enel Américas today enel#4Enel Américas at a glance 2022 Au EBITDA (US$ mn) enel Ownership structure1 Pension Retail funds 1.1% 4,825 B Group Net Income Institutional 9.5% investors 7.1% -443 CAPEX (US$ Mn) 3,569 enel #shares 107,281,698,561 Enel S.p.A 82.3% Net debt / EBITDA (times) 1.4 Installed capacity (GW) 16.0 Market Cap²: US$ 13.1 bn RES capacity (%) 71 QUALITY EDUCATION 7 AFFORDABLE AND CLEAN ENERGY 8 DECENT WORK AND ECONOMIC GROWTH INDUSTRY, INNOVATION AND INFRASTRUCTURE 11 SUSTAINABLE CITIES AND COMMUNITIES 13 CLIMATE ACTION π Grid customers (mn) × Charging points (#) 23.3 7,291 MSCI S&P IPSA IPSA ESC SANTIAGO S&P Dow Jones Indices (1) As of December 31, 2022; (2) As of March 28, 2023; (3) GNI impacted by asset sales: Enel Dx Goiás (-US$ 1,005 mn), Fortaleza (-US$ 198 mn), Costanera (-US$ 107 mn), Dock Sud (-US$ 62 mn). A Division of S&P Global FTSE4Good 3#5Core businesses enel#6Key considerations & Diversified investment vehicle in the region with ESG principles integrated in our long-term strategy Focus our efforts on strategic countries and assets aligned with faster energy transition and electrification Generation: Renewable portfolio with growth through renewables, accelerated by our stewardship model Ï Grids: Regulated business with attractive returns & X Supporting our efforts in energy transition through Enel X and Retail businesses ☑ Strong liquidity and sound financial policies with attractive shareholders remuneration enel#7GRIDS¹ GENERATION Diversified investment vehicle in the region Enel Américas is Latin America's largest private power company Corporate simplification's processes ongoing enel Brazil Colombia Central America Argentina Peru FY 2022 Installed I 5,071 3,711 660 I 4,419 2,255 16,116 capacity (MW) I + Energy sales 43.3 18.8 3.0 11.1 11.8 88.0 (TWh) I Market share² 25% 25% 9% 5% 21% I I End users (mn) 15.4 3.8 Energy sales (TWh) 81.7 15.1 Market share² 16% 21% EBITDA contribution 49% 23% 4% 2.6 1.5 I I I 17.5 8.3 122.6 2022 figures. (1) Figures in Networks include Enel Goiás; (2) Market share by energy sales for 2022. Peru includes market share figure as of September 2022 in Grids. 15% 26% 5% 14% 23.3 6.#8Energy transition & electrification are key drivers to develop the energy market in the region... enel Electrification rate (%) 60 50 285232 70 40 2021 30 20 10 0 70 75 80 85 90 2050 95 100 Renewable generation (%) Source: Energy Transition Roadmaps, promoted by Enel Americas and developed by independent consultants with collaboration of stakeholders Electrification as the most important trigger to create affordable, secure, sustainable energy systems 7#9Challenging targets open new opportunities for growth in LatAm Electrification rate (%) Residential + Transport Countries RES Capacity (GW) enel +3.6x 41 +4.8x 862 27 19 14 11 550 297 180 211 2021 2025 2030 2040 2050 2021 2025 2030 2040 2050 RES generation 724 (TWh) 821 1,080 1,780 2,825 A clear view of the pathway for the coming years Source: Energy Transition Roadmaps, promoted by Enel Americas and developed by independent consultants with collaboration of stakeholders, considers Brazil, Colombia, Costa Rica, Guatemala, and Panama. 8#10Generation Strategic actions Clear path to organic growth in renewable power generation Solid pipeline to enable continue value creation Accelerate positioning within the energy transition CLEAN ENERGY 12 MATE ACTION Portfolio mainly represented by renewable technologies Installed Capacity EBITDA (US$ mn) enel +8% 1% 71% Renewable +0.5 GW added in 2022 8% 5% 13% 2.1 2.0 19% 15% 44% 2022 33% 1.4 16.1 GW US$ 2.1 bn 28% 35% & 2020 2021 2022 Hydro Wind & Solar Oil-gas Coal CCGT Argentina Brazil Colombia Peru ☐ C. America Main KPIs 2020 2021 2022 2020 2021 2022 Installed capacity (GW) 11.3 15.9 16.1 Energy Sales (TWh) 59.2 71.3 88.0 Total Net production Free Market sales 40.5 48.7 53.4 35 44 75 (TWh) (%) Renewable production 25.1 32.8 39.1 (TWh) 9#11MORAND DUMATE 13 Robust pipeline of ~59 GW, enabling the path to decarbonization Gross Pipeline (GW)1 59 GW & -61 Gross pipeline -33 ~1 ~25 Early stage BESS Mature stage Gross Pipeline by country 1% 25% ~59 GW 2.5 In execution Gross Pipeline by technology 2% 79% ~59 GW enel 74% 19% Brazil Colombia Panama Solar Wind Storage 10 (1) As of December 31st, 2022#12~2.5 GW of capacity already in execution, representing ~71% of our 2025 renewable target Projects in execution breakdown MW Tech. By country 2% enel Country Project Arinos 607 Aroeira 348 Lagoa dos 399 Ventos V Pedra 194 Pintada Fundacion 132 Guayepo 487 Windpeshi 205 La Loma 65 * Baco Solar 30 * * * Madre Vieja 17 aaarra 46 46 Brazil¹ Colombia 36% Panama By technology 2.5 GW 62% # 46% 2.5 GW By COD 54% 2023 2024 48% 2.5 GW 52% Rounded figures. (1) Capacity in execution considers Stewardship projects Solar Wind 13 11#13Grids Strategic actions Ensure the highest level of quality at the lowest cost across all grids Improving the digitalization channels in order to reach the clients needs Keeping the support to our clients on critical periods MUSTRY INNOVATION 13 Regulated business with attractive returns Main KPIs 2020 2021 20221 EBITDA (US$ bn)1 enel ရှာ 5% 10% Grid customers (mn) 25.6 26.2 23.3 23% Energy 115.2 119.8 122.6 2022 US$ 2.8 bn distributed (TWh) 63% SAIDI (hours) SAIFI (times) 10.8 9.8 9.4 Argentina Brazil Colombia Peru 5.2 4.7 4.5 +26% 2.8 Energy Losses (%) 13.0 12.7 12.8 2.2 2.0 Smart meters (th) 87 137 313 2020 2021 2022 (1) Figures include Enel Goiás' financial and operational numbers, except Grid customers due to the sale was completed on December 29, 2022. 12#14Grids MUSTRY INNOVATION NASTRICTURE 13 CLIMATE With clear parameters for our concessions Argentina Brazil Colombia Business model Price cap Price cap Revenue cap enel Peru Price cap ရာ WACC 12.5% 11.2% 12.1% 12.04% real pre tax Next Regulatory Period 20232 2023 2025 2026 Regulatory 5 (Rio) Period Length 5 (years) 4 (Ceará, São Paulo) 5 4 Metering Owned by DSO Owned by DSO Owned by users/DSO Owned by DSO Ownership1 Smart meter Yes Yes included in RAB Concession 2026 (Rio) 2087 expiration date 2028 (Ceará, Sao Paulo) No Yes Undefined³ Undefined³ (1) Distribution System Operator; (2) Next Regulatory Period 2023 -extended one year by pandemic; (3) Assets are owned by the company; (4) Peru uses a Price Cap based on VNR (NRC New replacement value) 13#15Enel X Retail 11 SUSTAINABLECITIES AND CONHUNTIES 13 CUNATE ACTION SÃO PAULO con 600 ANEEL Energy transformation through Electrification enel x Developing a portfolio to reach the enel electrification process of each client.... Enel X Assist customers in decarbonization and in a more efficient use of energy, through electrification and digitalization Create new value through the offer of new products and services × Enel X Innovability Financial Services e-Mobility Utility Bill Management B2C ✓✓ e-Home Membership Home services, HVAC & Green Products, Smart Home solutions B2B ☑ e-Industries Flexibility services, Distributed Energy, energy management systems B2G ч e-City Public lighting, Smart cities services, public e-Transport 83 Retail Market development through new capacity available to reach better conditions to free market clients Strategic actions Focus on a customers-base model to seize opportunities during an energy transition scenario Capturing new clients in the transition from a regulated market to free market о 14#16enel x 11 SUSTAINABLECITIES AND CONHUNTIES 13 CLINATE ACTION With continuous improvement in our key KPIs enel Enel X Retail1 2020 2021 2022 Delivery points (Th#) +11% Charging stations (Th #) 1.8 3.3 7.3 5.1 4.6 3.5 Smart lighting 0.8 0.8 0.9 (final light points, mn#) e-Buses (Th #) 0.1 0.9 2.4 2020 PV 19 (MWp installed) 30 30 37 2022 2021 Energy sold (TWh) 20.3 15.4 Credit cards 858 902 938 (Active credit cards Th #) (1) Only free market business. Figures do not include gas +20% 24.4 2020 2021 2022 15#17Yearly improvements in our scores ESG positioning enel Among the Top 10 in ESG performance at global scale MSCI AA AA AA AA 3.5 3.8 REFINITIV FTSE Russell 4.2 4.4 90 81 83 84 2019 2020 2021 Scale from CCC to AAA 2022 2019 2020 2021 2022 2019 2020 2021 2022 Scale from 0 to 5 Scale from 0 to 100 S&P Dow Jones Indices Top 5% S&P Yearbook A Division of S&P Global 81 83 85 87 2019 2020 2021 Scale from 0 to 100 2022 MOODY'S ESG Solutions DISCLOSURE INSIGHT ACTION 67 CDP A- 53 56 47 2019 2020 2021 2022 20211 2022 Scale from 0 to 100 Scale from D- to A Data as of January 27, 2023; (1) Carbon Disclosure Project; 2021 corresponds to the first score for the company 16#182023-2025 Strategic Plan enel#19Our strategic actions 1 Corporate simplification to focus our efforts to strategic countries and assets 2 f Continue deployment of RES capacity, supported by a robust pipeline, along with the implementation of a stewardship model 3 T 4 a Reinforce growth of grids to enable the energy transition, investing in modernization and digitalization Boost customer centricity, offering new services and products, and leading market liberalization enel 18#20Corporate simplification process, refocusing our portfolio and presence in the region... Strategic rationale enel Guatemala Panama Costa Rica Colombia Strategic actions for 2023 Brazil Countries Exit from Argentina 2 Exit from Peru Assets' sale 3 Focus on countries that are more advanced in the energy transition and electrification Foster renewable penetration, becoming 100% renewable Advancing in zero emissions target Concentrate Fortaleza 4 Enel Ceará exit Enel Dx Goiás Enel Dx Ceará urban in management efforts areas with high potential for Grids infrastructure and digitalization In-perimeter Out-of-perimeter Note: Exit of Argentina and Peru, and Sale of Enel Ceará processes ongoing. Sale of Fortaleza and Enel Dx Goiás completed during 2022. 19 19#21...allowing more flexibility in CAPEX allocation on our enel strategic businesses... Total CAPEX 2023-251 Grids remains as the business with highest investments level Brazil capturing most of our investments Incorporation of Stewardship model in Renewables in Brazil Nearly 100% of the CAPEX aligned to SDG 7, 9, 11 & 13 Net of disposals 2023-25 CAPEX plan increases vs old plan By business line 1% 3% 10% 4% By country 1% 10% 5% US$ 5.0 bn US$ 5.0 bn 51% 51% 33% 31% Renewables Grids. ■ Stewardship Brazil Retail Enel X Thermal Generation Brazil Colombia Peru Stewardship Brazil C. America SDGS CAPEX alignment -100% (1) Considers 9 months of 2023 for Peru and Ceará, and excludes Argentina 7 AFFORDABLE AND QMUSTRY MONATION 11 SUSTAMABLE CITIES ANDCOVVUNITIES 13 CUMATE ACTION CLEAN ENERGY AND MERASTRUCTURE 20 20#22with Decarbonization as a main strategic guideline to enel reach Zero Emissions by 2040... 2020 2016 2017 2018 2019 2021 D D & 2022 2023 2027 2040 & D & & Spin-off: Enel Américas (former Enersis) Volta Grande acquisition Enel Distribución Sao Paulo acquisition Capital structure optimization to unlock growth in the energy transition Merger of EGP Américas' Assets 11.3 GW of Exit from Argentina & Peru -54% ~55% -56% RES Capacity¹ RES Capacity¹ RES Capacity¹ -56% RES Capacity¹ -69% RES Capacity¹ RES consolidated capacity + 2.4 in execution CGTF disposal -71% RES Capacity¹ -98% RES Capacity1 Completely out of coal generation Zero Emissions -100% RES Capacity¹ Enel Group target: 2027 100% RES Capacity¹ Enel Group target: 2040 exit from gas Enel Goiás was acquired in 2017, and sold in 2022. Enel Ceará's disposal in 2023. (1) At year end 21#23...reaching 98% renewable installed capacity during enel the plan period, exiting non-core geographies... Generation CAPEX 2023-251 Installed Capacity (GW) Net Production (TWh) 71% renewables¹ +37% 44.8 29% 32.6 6.2 24% 29% 2022 16.11 43% 38.6 3% US$ 2.1 bn 17% 4% 2022 2025 11% 2% 40% 11% 98% renewables Pro forma 2 Energy sales³ (TWh) Brazil Colombia Peru C. America Stewardship Brazil 22% 2025 39% 12.6 98% RES CAPEX 5% 22% Hydro Solar Wind Solar Stew. Thermal Wind Stew. (1) Installed Capacity 2022 pro forma: 9.4 GW with 96% renewables; (2) 2022 Pro forma excludes Argentina, Peru and Fortaleza; (3) Only includes long-term contract purchases +46% 48.7 6.2 33.3 2022 Pro forma² 42.5 2025 Ownership Stewardship 22 22#24With our grids enabling electrification, digitalization, enel new services & products... 999 Ï 1 Modernization of grids to accelerate the energy transition, driven by electrification and digitalization 23 2 Secure a stable supply of energy, through integrated portfolios, leading the market liberalization in the region × 3 New services & products to promote energy efficiency, circular economy and new facilities, creating innovative opportunities 23 23#25...through our investment plan to modernize infrastructure... Grids CAPEX 2023-251 5% 29% US$ 2.5 bn 66% Brazil Colombia Peru enel Unitary margin (US$/MWh) Energy distributed (TWh) +5% 27 +2% 28 69.2 72.8 2022 Pro forma 2 2025 2022 Pro forma 2 2025 Grid customers (mn) Energy losses +6% -0.9 p.p. 15.1 16.0 11.9% 11.0% 2022 Pro forma² 2025 (1) Considers 9 months of 2023 for Peru and Ceará, and excludes Argentina; (2) 2022 Pro forma excludes Argentina, Goiás, Ceará, and Peru 2022 Pro forma² 2025 24 24#26...to deliver digitalization, supported by the significant deployment of smart meters... RAB (US$ bn) +21% 6.2 7.6 OPEX/Grid customer² (US$/grid cust.) 30 -8% 28 2022 Pro forma 1 2025 2022 2025 Pro forma¹ 2022 2025 Pro forma RAB/Grid customers US$/Grid customer Total Smart Meters Sao Paulo Smart Meters 414 474 дё Th 281 1,853 Th 205 1,767 (1) 2022 Pro forma excludes Argentina, Goiás, Ceará, and Peru; (2) In real terms enel Smart Meter is the enabler of the Digital DSO for the Energy Transition, bringing significant benefits to society and the economy Enel Dx SP Smart Meters deployment Total investment 2023-25 R$ 1,337 mn 25 25#27...and improving the customer experience with digital enel solutions leading to value creation % E-Billing % Direct Debit +2 p.p. 34% 16% +13 p.p. 14% 21% 2022E Pro forma 1 2025 2022E Pro forma 1 2025 % Contactable Customers Net Promoter Score 88% +4 p.p. 92% >100% 63.1 2022E Pro forma 1 2025 (1) 2022E Pro forma excludes Argentina, Enel Goiás, Enel Ceará, and Peru -25.2 2022E Pro forma¹ 2025 26 26#28Implementing new services and products with innovation to accelerate electrification... Enel X & Enel X Way CAPEX 2023-251 Main KPIs 2022 2025 Pro forma² 15% Charging points³ 6.8 30.4 ~4x (th) Street lighting (th) 505 872 +73% US$ 0.14 bn 47% 38% e-Buses (#) 2,427 3,860 +59% M&R4 contracts (th) 543 1,371 ~2x Brazil Colombia Peru Demand 44 41 198 ~5x (1) Considers 9 months of 2023 for Peru and Enel Ceará, and excludes Argentina (2) 2022 Proforma excludes Argentina and Peru (3) Enel X & Enel X Way (4) Maintenance & Repair response (MW) ☑ Credit cards (th) 938 1,244 +33% enel 27 27#29...at the same time that market liberalization strengthens in the region... Retail CAPEX 2023-251 11% 4% US$ 0.2 bn 85% Brazil Colombia Peru Energy sold (TWh) 44% 25.8 17.9 enel Market Share in Free Market 9% 2025 2022 Pro forma² Free customers (th) +3 p.p. 12% 46% 6.4 2022 Pro forma 2 2025 4.4 2022 Pro forma² 2025 (1) Considers 9 months of 2023 for Peru and Enel Ceará, and excludes Argentina; (2) 2022 Pro forma excludes Argentina and Peru Market share growth in the region mainly driven by Brazil 28 28#30Financial figures enel#31o ...with 100% of Generation EBITDA coming from Renewables... EBITDA evolution 2022E-2025 (US$ bn) Contracted energy (TWh) Brazil³ +24% 97% 98% 84% 1.7 1.9 0.12 0.28 0.03 0.03 0.02 0.12 erel Financial KPIs 2022 Proforma 2025 EBITDA/MWh (US$/MWh)4 28 44 0.1 1.5 (0.01) (0.04) OPEX/MW (th US$/MW)5 27 18 2023 2024 2025 1.8 Emission-free generation (%) 73.3 99.8 1.5 Colombia 74% 79% 72% CAPEX 2023-25 2% 2022 Pro forma¹ Fx & CPI OPEX RES Hydro Growth Price Stewardship 2025 24% Stewardship Renewables Thermal Brazil² 2023-25 US$ 2.1 bn IRR - WACC spread -200 bps 2023 2024 2025 Rounded figures. (1) 2022E Pro forma excludes Argentina, Peru and Fortaleza; (3) Includes stewardship capacity; (4) Only renewables; (5) In real terms Renewables 74% Stewardship Brazil Thermal 30 30#32...while developing new projects through a stewardship model in Brazil... Stewardship investments1 2023-25 0.53 2023-25 0.50 US$ 3.2 bn enel 2.00 Q.13 Equity erel Stewardship EBITDA 2023-25 (US$ bn) Operational KPIs Cumulated EBITDA 2023-25 US$ 0.23 bn 2022E 2025 0.12 Installed capacity (GW) 2.0 0.09 Net production 6.2 (TWh) 0.02 CAPEX injections 2023 2024 2025 3rd parties CAPEX 3rd parties Equity injections Stewardship model complements our development strategy in RES Brazil 31#33...adding new renewable capacity of ~3.5 GW @2025... Asset Development CAPEX 2023-25 Additional capacity 2023-25 4% 1% US$ 1.7 bn 42% 1% 10% 24% 31% ~3.5 GW 29% Brazil Colombia Peru C. America Stewardship Brazil 58% enel Capacity (GW) @2022 @2025 1.6 3.3 2.6 4.1 Brazil Colombia C. America Stewardship Brazil 证 4.9 4.9 Total 9.0 12.4 32 32#34Її ...and focusing Grids on large metropolitan areas in the region... EBITDA evolution 2022E-2025 (US$ bn) +2% RAB (US$ bn) +21% 1.5 (0.08) 2022 Pro forma1 0.04 0.004 0.07 1.5-1.6 Fx & CPI OPEX Tariff & Demand 2025 RAB IRR-WACC spread -200 bps Tariff reviews 2023 Rio, São Paulo enel Financial KPIs 2022 Proforma 2025 7.6 6.2 Unitary margin (US$/MWh) 27 28 OPEX/Grid cust. (US$/grid cust.) 37 28 RAB/Grid cust. (US$/grid cust.) 414 474 2022 Pro forma 1 2025 CAPEX 2023-25 5% Avg. WACC 12.2% Rounded figures. (1) 2022E Pro forma excludes Argentina, Enel Goiás, Enel Ceará and Peru 2025 Colombia 10.9% 29% 2023-25 US$ 2.5 bn 66% Brazil Colombia Peru 33#35...and continue to boost new products and services enel through Retail and Enel X EBITDA evolution 2022E-2025 (US$ bn) 27% 2025 0.23 0.24 73% -11% 0.3 0.23 0.24 0.02 (0.02) (0.03) EBITDA evolution 2022E-2025 (US$ bn) 41% 2025 ~0.1 59% 0.08 (0.004) (0.03) +17% 0.04 ~0.1 Brazil Colombia 2022 Pro forma1 Fx &CPI OPEX Growth 2025 Brazil Colombia 2022 Pro forma1 Fx & CPI OPEX Growth 2025 Rounded figures. (1) 2022 Pro forma excludes Argentina and Peru. 34 34#36Financial management enel#37Net debt reduction to focus on liability management enel in countries with high interest rates... Net debt/EBITDA 1.4x Interest rate evolution 2022 2023 CAPEX commitments (US$ bn) Selic 13.2% 12.4% 3.01 IBR 7.5% 10.1% 1.6 0.0x 2022 2023 (1) Includes stewardship 36#38... with debt that matches the functional currency of our operations, creating a "natural hedge" enel 36% By currency 2% 2025 US$ 5.6 bn 62% Gross debt structure By country 38% 2025 US$ 5.6 bn 62% BRL COP USD Brazil Colombia By interest rate Fixed 10% 2025 US$ 5.6 bn 90% Floating 37#39Strong liquidity position and smooth maturities calendar... Liquidity and debt maturity by year (US$ bn) Maturities/Gross debt 23% 22% 12% 2.4 1.8 1.8 1.2 1.0 1.2 Credit profile enel Gross debt 2022: US$ 8.0 bn MOODY'S Baa2 Stable 49 4.6 S&P Global Ratings BBB- Stable 3.4 Fitch Ratings BBB+ Stable Available liquidity¹ 2023 2024 2025 2023-2025 >2025 Available committed credit lines Cash Maturities Rounded figures. (1) As of December 31st, 2022 Feller.Rate Clasificadora de Riesgo AA Stable 38#40Financial targets enel#412023-2025 targets enel 2022 2023 2024 2025 Total 2023-25 EBITDA (US$ bn) 4.8 4.1-4.4 3.5-3.6 3.5-3.6 11.1-11.6 Group Net Income (US$ bn) 0.0 1.2-1.3 1.0-1.1 1.0-1.1 3.2-3.4 CAPEX (US$ bn) 3.6 2.0 1.5 1.5 5.0 Dividends (US$ bn) - 0.36-0.38 0.30-0.32 0.30-0.32 0.96-1.01 40 40#422023-25 Annexes enel#432023-25 ESG Annexes enel#44Corporate governance structure Shareholders' meeting Audit firm 57% BoD's composition 43% Board of Directors (7 members) Executive ■ Independent Directors Committee *** Functions: Audit committee Sustainability committe Related parties transactions enel 33 43#45Board composition Borja Acha Besga Board of Directors Chair Board of Directors' diversity 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 44#462022 CEO's short-term variable remuneration enel Macro objective Objective Type of target Weight Net Income Profitability 15% Latin America Range Maximum 120% Economic Profitability Integrated gross margin Latin America 15% Maximum 120% Economic Financial FFO Latin America 20% Maximum 120% Financial Strategy Business 15% Latin America Maximum 120% Strategy Business Customers 15% Maximum 120% ESG Safety in the Maximum Safety 20% ESG workplace 120% 45 45#47Corporate Presentation Contact us enel ene 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. 46 46#48Corporate Presentation Disclaimer enel 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. 47 47#49enel

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