Endesa Chile IR Presentation 1H 2015 Organization structure ITALY - - PowerPoint PPT Presentation

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Endesa Chile IR Presentation 1H 2015 Organization structure ITALY - - PowerPoint PPT Presentation

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Endesa Chile IR Presentation 1H 2015 Organization structure ITALY Committed Shareholders 61% Enersis S.A. CHILE Chilean Pension 60% 14% Funds 7% ADRs (Citibank 3% N.A.) 60% 16% Retail CHILE Institutional Investors

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Endesa Chile

IR Presentation 1H 2015

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

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 PEHUENCHE, 93%  CELTA, 96%  GASATACAMA, 98%

  • COSTANERA, 76%
  • EL CHOCÓN, 65%
  • EDEGEL, 62%
  • EMGESA, 27%
  • ENEL BRASIL, 37%

AMPLA, 17%

COELCE, 22% FORTALEZA, 37% CDSA, 37% CIEN, 37%

61% 60% COLOMBIA PERU ARGENTINA BRAZIL1

Organization structure

CHILE

Committed Shareholders

ITALY CHILE

1 Recognized as equity method investments.

  • GNL Quintero, 20%
  • Transquillota ,48%
  • Electrogas, 43%
  • GNL Chile, 33%

CHILE1 60% 16% 3% 7% 14%

Enersis S.A. Chilean Pension Funds ADRs (Citibank N.A.) Retail Institutional Investors

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

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COLOMBIA 3,059 MW inst. capacity

Hydro: 2,615 MW Thermal : 444 MW

20% market share1

  • No. 2

6,351 MW inst. capacity

Hydro: 3,456 MW Thermal : 2,808 MW NCRE: 87 MW

32% market share1 PERU 1,673MW inst. capacity

Hydro: 776 MW Thermal : 896 MW

19% market share1 CHILE BRAZIL 987 MW inst. Capacity

Hydro: 665 MW Thermal : 322 MW

1% market share1

Consolidated installed capacity: 14,735 MW Capacity including Brazil : 15,722 MW Consolidated energy sales 1H14: 26,877 GWh Consolidated energy sales 1H15: 29,795 GWh

3,652 MW inst. Capacity

Hydro: 1,328 MW Thermal: 2,324 MW

12% market share1 ARGENTINA

  • No. 2
  • No. 1
  • No. 1

1 Calculated based on installed capacity

A unique portfolio in LatAm’s generation business

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

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Hydro: 8,840 MW

Chile: 3,456 MW Argentina: 1,328 MW Brazil1: 665 MW Peru: 776 MW Colombia: 2,615 MW Chile: 636 MW Colombia: 236 MW Chile: 2,173 MW Argentina: 2,324 MW Peru: 896 MW Colombia: 208 MW Chile: 87 MW

NCRE2: 87 MW

Well diversified generation assets throughout the region

Coal: 872 MW Oil-Gas: 5,923 MW

1 Brazilian assets are recognized as equity method investments. 2 Non Conventional Renewable Energy.

Installed Capacity: 15,722 MW 56% of Endesa Chile´s installed capacity corresponds to hydro resources

Brazil1: 322 MW

8,840 872 5,923 87

HYDRO COAL OIL-GAS NCRE

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

Chile 31% Colombia 44% Peru 20% Argentina 5% Chile 35% Colombia 26% Peru 16% Argentina 23% Chile 43% Colombia 21% Peru 11% Argentina 25%

5 Total Installed Capacity1: 14,735 MW EBITDA 1H15 US$ 744 million Total Generation: 25,259 GWh

Enel Brasil

  • Endesa Chile’s ownership: 37.1%.
  • Net Attributable Income2:

US$ 38 million.

1 Excludes the proportional assets of Enel Brasil (987 MW). 2 Considers the total contributions of Enel Brasil recognized by Endesa Chile as an equity method investment.

Diversified source of EBITDA

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations Gwh / Change1 CHILE COLOMBIA PERU ARGENTINA TOTAL REGULATED

8,592 10% 4,025 12% 2,249 (12%)

  • 14,866

6%

UNREGULATED

2,080 17% 1,646 1% 1,630 (4%) 314 (37%) 5,670 1%

SPOT

677 713% 2,355 8% 454 25% 5,772 24% 9,260 27%

Total

11,349 17% 8,026 8% 4,333 (6%) 6,087 18% 29,795 11%

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Chile Colombia Peru

Distribution Companies Spot Unregulated Customers

Argentina

Physical Sales as of June 2015: 29,795 GWh

Balanced commercial policy

Physical Sales as of June 2015

Physical Sales (GWh)

1 Compared with 1H14

50% 21% 29% 76% 18% 6% 52% 38% 10% 5% 95%

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

Ch$ million1 1H15 1H14 Change US$ Mn2 1H15 Revenues

1,296,577 1,137,127 14% 2.087

Costs

(698,801) (602,407) 16% (1.125)

Contribution Margin

597,776 534,720 12% 962

EBITDA

462,624 422,582 9% 744

EBIT

350,423 325,354 8% 564

Net Financial Expenses

(83,575) (81,459) 3% (134)

Related Company Results

28,649 34,819 (18%) 46

Taxes

(104,223) (82,887) 26% (168)

Net Income

195,606 218,154 (10%) 315

Attributable to shareholders of Endesa Chile

90,571 92,737 (2%) 146

1 Under IFRS, Endesa Chile has adopted the Chilean Peso as functional currency, comparisons between periods have been only made using Ch$. 2 Referential average exchange rate was 621.41 Ch$/US$ as of June 30, 2015.

Consolidated financial highlights

7

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

Revenue stability through long term contracts

Colombia – Contracted energy (TWh) Chile– Contracted energy (TWh) Peru – Contracted energy (TWh) Brazil– Contracted energy (TWh)

8 Energy contracts with established prices

4 8 12 16 20 24 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Futures Customers Regulated customers Free customers Optimal contracts 0,0 1,0 2,0 3,0 4,0 5,0 6,0 7,0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Futures Customers Regulated customers Free customers Optimal contracts 0,0 2,0 4,0 6,0 8,0 10,0 12,0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Contrated energy Colombia (TWh)

Futures Customers Regulated customers Free customers Optimal contracts 2 4 6 8 10 12 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Contrated energy Peru (TWh)

Futures Customers Regulated customers Free customers Optimal contracts

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

  • Debt reduction:

US$ 850 MM

  • Cash:

US$ 95 MM

  • Committed Credit Lines:

US$ 344 MM

  • Non-Committed Credit Lines:

US$ 282 MM

  • Average life of debt:

7.1 year

Debt by Type Debt by Currency Debt by Country (MM US$)

1 Includes arrangements and other consolidation adjustments.

1 1 1

Total Debt: US$ 3,555 MM 9 Financial Debt Maturity1

as of June 2015

Healthy debt maturity profile

Chile 50% Argentina 3% Colombia 41% Peru 6% Others 12% Bank Debt 11% Bonds 77% Other Local Currency 42% US$ 55% UF + CLP 3%

208 94 18 180 261 1.964 553 79 51 22 21 104

500 1.000 1.500 2.000 2.500 < 1 year 1-2 years 2-3 years 3-4 years 4-5 years 5 years and

beyond Bonds Banks and Other

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

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Consolidated Cash Flow Generation (US$ million)1

1. Referential average exchange rate was 621.41 Ch$/US$ as of June 30, 2015. 2. Dividend payment considers cash outflows to Enersis and minorities’ shareholders. 3. Funds from assets disposal includes sale of Tunel El Melon and GasAtacama full consolidation.

513 (503) 42 (0) (67) (514) 81 3 542 95 200 400 600 800 1.000 1.200

Cash and equivalents Dec-14 Funds from

  • perations

Capex Funds from assets disposal Other investments Loan payments Dividend payment Other financing activities Exchange rate effects Cash and equivalents Jun-15

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

Increasing electricity demand in LatAm

  • Colombia includes 2010 and 2011 years in which serious flooding and heavy rainfall occurred, resulting in a demand reduction.
  • Peru includes the effect of government rural electrification plans.

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90% 110% 130% 150% 170% 190% 210% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Total Sales in GWh (%)

Years

Historic electricity demand growth (CAGR, last ten years)

CHILE COLOMBIA PERU BRAZIL ARGENTINA

3.5% 3.1% 7.3% 4.3% 2.8%

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

ARGENTINA AUSTRALIA AUSTRIA BOLIVIA BRAZIL CANADA CHILE CHINA COLOMBIA FINLAND FRANCE GERMANY GREECE INDIA IRELAND ITALY JAPAN MEXICO PERU RUSSIA SPAIN UNITED KINGDOM UNITED STATES 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 10,000 20,000 30,000 40,000 50,000 60,000 Electricity consumption, per capita (Kwh per year) GDP per capita (current PPP, US$)

Data source: The World Bank.

Direct relation between GDP and electricity demand

Markets with high potential for growth

12

  • Chile aims to be in the group of developed countries.
  • There is no development without energy.
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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

67% 68% 67% 57% 55% 57% 33% 32% 33% 42% 44% 1% 1%

42% 1%

1995 2000 2005 2010 June 2015 Under construction

6,002 12,347 11,726 13,845 14,735 15,284

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Historical evolution of Endesa Chile’s installed capacity (MW)

4% increase in installed capacity through projects under construction

  • Endesa Chile has more than doubled its installed capacity in the last 20 years.
  • A well diversified generation matrix incorporating all types of generation technologies (Coal, LNG and NCRE), providing a better position to cope with the hydrologic risk
  • El Quimbo is expected to be fully operating in the second half of 2015 increasing total consolidated installed capacity to 15,135 MW.

* **

* Includes acquisition of Emgesa and Edegel. ** Enel Brasil accounted under the equity method. *** Capacity added in 2014. GasAtacama 781 MW*** Salaco 145 MW*** El Quimbo 400 MW Los Cóndores 150 MW

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

  • Hydro power plant, located in the Huila Department, Colombia
  • Utilizes the flow coming from the Magdalena River.
  • 400 MW of installed capacity with an estimated load factor of 60%.
  • 95% progress as of July, 2015 .
  • Beginning the work to prepare the bottom of the reservoir and build

the Tesalia Substation.

  • Estimated: generation of 2,093 GWh/year, Load factor: 60%
  • Total CAPEX of US$ 1,231 million*.
  • Hydro power plant, run of the river.
  • Located in San Clemente, in Maule region, Chile.
  • 150 MW of installed capacity.
  • Estimated generation of 600 GWh/year.
  • Estimated load factor: 46%.
  • Total CAPEX of US$ 662 million.
  • 15% progress as of July, 2015.

14

Projects under construction

El Quimbo Los Cóndores

* In constant US dollars of 2010.

BOARD OF ENDESA CHILE DEFINES PROJECTS PORTFOLIO OF 6,300 MW IN CHILE, PERU, COLOMBIA AND BRAZIL

  • 23 projects in Chile with a total of 3,000 MW (64% hydro, 36% gas)
  • In Peru, Colombia and Brazil, 13 projects with a total of 3,300 MW (40% hydro, 55% gas and 5% coal for the modernization
  • f an existing plant)
  • In Chile, 2,200 MW to be developed in the next 5 years
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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations 12,606 11,015 11,188 11,248 13,250 2010 2011 2012 2013 2014 1.059 821 468 639 649 523 510 659 704 866 190 248 245 276 324 105 81 44 98 80 2010 2011 2012 2013 2014 CHILE COLOMBIA PERU ARGENTINA 1,877 1,660 1,417 1,716 1,920

Dividends (Ch$ per Share) EBITDA (US$ Million1) Market Value (US$ Million1)

Market value and dividends

Source: Bloomberg 1. Amounts expressed in US$, using the average exchange rate of 570.40 Ch$/US$ as of December 30th 2014.

Consolidated CAPEX (US$ Million1)

Source: Purchases of property, plant and equipment

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446 468 451 512 739 2010 2011 2012 2013 2014 32,5 27.2 14.3 21.6 20.4 2010 2011 2012 2013 2014

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

BBB+ Baa2 BBB+

Since: Affirmed:

Credit Risk Agencies recognition

  • Jan. 2010
  • Apr. 2011
  • Feb. 2010
  • Jun. 2015
  • Dec. 2014
  • Nov. 2014

AA (cl) AA

  • Jan. 2010
  • Apr. 2010
  • Jun. 2015
  • Jul. 2015

International market Chilean market

RATINGS BASED UPON:

  • Well diversified and efficient assets
  • Leading market share in the four countries where we operate
  • Transparent and favorable regulatory framework in Chile
  • Solid financials, good cash flow generation and prudent financial management
  • Conservative commercial policy

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

Summary Significant Event: July 27, 2015

The Board of Directors resolved that, if approved, the transaction should be executed as follows:

  • Each of the current companies known as Chilectra, Endesa Chile and Enersis would carry out spin-offs, in order to separate the Chilean

activities from those in other Latin American countries.

  • Once the spin-offs are materialized , the subsequent international companies: Chilectra Americas and Endesa Americas would merge

into Enersis Americas.

  • The resulting companies would be based in Chile and listed in the same stock exchanges as before the spin-offs.
  • The Board of Directors has mandated the management to develop the transaction in strict compliance with the SVS resolution (N°15452).
  • In addition, the Board of Directors resolved that the Independent Directors Committee should grant an opinion on the transaction.

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EXECUTION STRUCTURE PROPPOSED REORGANIZATION

Enersis Chile Chilectra Endesa Chile 99.09% 59.98% Enersis Americas ARG BRA COL PE

Corporate Reorganization

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

Endesa Chile’s Investor Relations Team

18 Contact us at: ir.endesacl@enel.com Susana Rey Head of Investor Relations (56) 22630 9606 susana.rey@enel.com Catalina Gonzalez Investor Relations Senior Analyst (56) 22630 9603 catalina.gonzalez@enel.com Guillermo Berguecio Investor Relations Analyst (56) 22630 9506 guillermo.berguecio@enel.com Francisco Basauri Investor Relations Analyst (56) 22630 9585 francisco.basauri@enel.com

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EXHIBITS

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

1943 1987 1994 1999 2004 2005 2014

Endesa Chile’s corporate history

  • December 1943, Endesa Chile

is incorporated as a Stock Company and an affiliate of the Corporación de Fomento de la Produccion (CORFO)

  • July 1994, Endesa Chile’s

stock begins to trade on the New York Stock Exchange

  • September 2004, Ralco

hydroelectric plant started

  • perations adding 690 MW of

installed capacity to Endesa Chile

  • As of December 2014, Endesa Chile and

its subsidiaries 184 electricity units with an installed capacity of 14,715 MW

  • In 1987,the process of privatization

begins, and was completed in 1989 through a series of public offerings

  • May 1999, Enersis S.A. becomes

the majority owner of Endesa Chile

  • In 2005, the Company

incorporates Endesa Brasil S.A.

20

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

21 Purchase of additional 50% stake of GasAtacama

  • Thermal power plant, Gas – CCGT (6 units)
  • 780 MW of installed capacity.
  • Located in Mejillones, Atacama region, Northern Chile (SING

system).

  • Estimated load factor: 46%
  • GasAtacama also has a 941 km gas pipeline, 530 km in Argentina

and 411 km in Chile. In addition, the 226 km long Taltal lateral pipeline, carries natural gas to our Taltal thermal plant.

Attractive investment

  • Endesa Chile became the controller of GasAtacama (98%).
  • Enhanced the role of the Company by reaching 20% market share
  • f installed capacity in the SING system.
  • Possibility of permanent gas supply through Endesa Chile and its
  • wn regasification infrastructure .
  • Positive outlook regarding a likely interconnection between SIC

and SING systems.

Installed capacity added in 2014

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

22 Colombia Salaco Chain (optimization)

  • Upgraded the minor plants to reach 221 MW capacity.
  • Located in the Bogotá River system, Colombia.
  • Total CAPEX of US$ 44 million.
  • Optimization works started in January 2013 and were

completed in December 2014.

  • 145 MW of capacity added through 6 units entering into

service, generating an additional 324 GWh in 2014.

Installed capacity added in 2014

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Highlights

Significant improvement in Chile Consolidated generation rose by 8% Bocamina II restarted its operations Consolidated EBITDA increased by 9% El Quimbo started to fill its reservoir Redefined portfolio, 36 projects amounting to 6,300 MW

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

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Costanera: 2,324 MW El Chocón: 1,328 MW

Hydro 1,328 MW Thermal 2,324 MW

*Based on installed capacity Financial data is converted at 1st Half 2015 average exchange rate of 621.41 Ch$ / US$ for comparative purposes

Argentina

Installed Capacity: 3,652 MW Market Share*: 12% Total Generation: 5,783 GWh

EL CHOCON COSTANERA

Million US$

1H 2015 1H 2014 Change Revenues 71 59 20% EBITDA 28 28 2% EBITDA Margin 40.0% 47.2% (15%) Physical Sales (GWh) 4,495 3,459 30%

Million US$

1H 2015 1H 2014 Change Revenues 24 25 (2%) EBITDA 12 13 (8%) EBITDA Margin 51.7% 54.9% (6%) Physical Sales (GWh) 1,591 1,704 (7%)

El Chocon Costanera

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Los Molles: 18 MW Rapel-Sauzal: 466 MW Maule: 875 MW Laja: 940 MW Ralco-Pangue: 1,157 MW

54% Hydro 3,456 MW 44% Thermal 2,808 MW

GasAtacama 780 MW Tarapaca 182 MW

  • D. Almagro–Taltal:

268 MW Huasco: 64 MW San Isidro 1 and 2: 778 MW Bocamina 1 and 2: 478 MW TG Quintero: 257 MW

2% NCRE1 87 MW

Canela: 18 MW Canela II: 60 MW Ojos de Agua: 9 MW

1 Non Conventional Renewable Energy.

*Based on installed capacity Financial data is converted at 1st Half 2015 average exchange rate of 621.41 Ch$ / US$ for comparative purposes

ENDESA CHILE

Installed Capacity: 6,351 MW Market Share*: 32% Total Generation: 8,691 GWh

Chile

Million US$

1H 2015 1H 2014 Change Revenues 1,186 896 32% EBITDA 230 116 99% EBITDA Margin 19.4% 12.9% 50% Physical Sales (GWh) 11,349 9,699 17%

  • D. Almagro–

Taltal Bocamina Laja Maule Bio Bío Tarapaca Huasco

San Isidro

Los Molles Cachapoal Santiago GasAtacama

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations Cartagena Bogota

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Guavio: 1,213 MW Betania: 541 MW Río Bogotá: 861 MW

85% Hydro 2,615 MW 15% Thermal 444 MW

Cartagena: 208 MW Termozipa: 236 MW

*Based on installed capacity Financial data is converted at 1st Half 2015 average exchange rate of 621.41 Ch$ / US$ for comparative purposes

Termozipa Guavio Betania Río Bogota

EMGESA

Installed Capacity: 3,059 MW Market Share*: 20% Total Generation: 6,642 GWh

Colombia

Million US$

1H 2015 1H 2014 Change Revenues 529 580 (9%) EBITDA 329 383 (14%) EBITDA Margin 62.1% 66.1% (6%) Physical Sales (GWh) 8,026 7,397 8%

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

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Ventanilla: 484 MW Santa Rosa: 413 MW

54% Thermal 896 MW

Cuenca Río Rímac: 582 MW Yanango: 43 MW Chimay: 152 MW

46% Hydro 776 MW

*Based on installed capacity Financial data is converted at 1st Half 2015 average exchange rate of 621.41 Ch$ / US$ for comparative purposes

Sta Rosa Ventanilla Lima Río Rimac Yanango Chimay

EDEGEL

Installed Capacity: 1,673 MW Market Share*: 19% Total Generation: 4,143 GWh

Peru

Million US$

1H 2015 1H 2014 Change Revenues 278 271 3% EBITDA 145 140 4% EBITDA Margin 52.3% 51.8% 1% Physical Sales (GWh) 4,333 4,618 (6%)

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Fortaleza: 322 MW

Thermal 322 MW

Cachoeira: 665 MW

Hydro 665 MW

*Based on installed capacity Financial data is converted at 1st Half 2015 average exchange rate of 621.41 Ch$ / US$ for comparative purposes

CACHOEIRA

Installed Capacity: 987 MW Market Share*: 1% Total Generation: 2,056 GWh

FORTALEZA

Brazil

Million US$

1H 2015 1H 2014 Change Revenues 85 169 (50%) EBITDA 70 106 (33%) EBITDA Margin 82.8% 62.6% 32% Physical Sales (GWh) 1,574 2,171 (27%)

Million US$

1H 2015 1H 2014 Change Revenues 127 147 (14%) EBITDA 21 20 8% EBITDA Margin 16.8% 13.5% 32% Physical Sales (GWh) 1,610 1,461 10%

Fortaleza Rio de Janeiro Cachoeira

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

29 Higher consolidated energy sales due to increasing electric demand Consolidated EBITDA increased by 9%, mainly explained by Chile Solid financial position

Summary

Bocamina II restarted its operations LNG potential increase offtake El Quimbo started to fill its reservoir Corporate reorganization process Redefined portfolio of projects

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations Gwh / Change1 CHILE COLOMBIA PERU ARGENTINA TOTAL HYDRO

4,352 0% 6,073 9% 2,630 14% 1,288 2% 14,343 6%

COAL

714 (8%) 523 2% 1,238 (4%)

OIL-GAS

3,538 21% 46 119% 1,513 (28%) 4,494 32% 9,592 14%

NCRE

86 (9%) 86 (9%)

Total

8,691 6% 6,642 9% 4,143

  • 6%

5,783 24% 25,259 8%

MW CHILE COLOMBIA PERU ARGENTINA TOTAL HYDRO

3,456 2,615 776 1,328 8,176

COAL

636 236 872

OIL-GAS

2,173 208 896 2,324 5,601

NCRE

87 87

Total

6,351 3,059 1,673 3,652 14,735

30

Installed capacity and energy generation

Installed Capacity (MW) Net Generation (GWh)

1 Compared with 1H14

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1Amounts translated into US$ using the exchange rate as of June 30,2015 (Ch$ 639.04 per US$).

*Financial ratio for the Year End 2014.

Strong financial position

Ch$ Million 1H15 1H14 Change % Change US$ Mn1 1H15 Gross Debt

2,125,598 2,116,462 9,136 0% 3,326

Cash

60,911 336,629 (275,718) (453%) 95

Net Debt

2,064,687 1,779,833 284,854 14% 3,231

Leverage

1.04 1.05 (0.01) (1%)

Financial Coverage

4.95 4.74 0.21 4%

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Healthy debt maturity profile in each country

1 Includes arrangements and other consolidation adjustments. 2 May not total exactly due to rounding.

US$ million 2015 2016 2017 2018 2019 Balance TOTAL Chile

506 11 11 11 49 1,202 1,789

Argentina

23 40 8 2 2 34 110

Peru

31 75 27 37 16 28 214

Colombia

130 8 82 100 156 966 1,441

TOTAL2

690 134 128 151 223 2,229 3,555

Financial Debt Maturity1

, as of June 2015

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Endesa Chile Investor Presentation 1H15 USE: Public, Investor Relations

1 EBITDA / (Financial expenses + Income (Loss) for indexed assets and liabilities + Foreign currency exchange differences, net)

Endesa Chile

2014 2013 Financial Expense Coverage1 6.7 6.3 ROE (%) 12.5% 13.6% ROA (%) 8.8% 7.5%

Strong performance paired with a conservative financial policy

33

4.126 3.336 3.116 3.106 3.535 2.994 2.933 2.031 2.248 2.097 2.014 1.661 1.977 1.920

2,0 1,5 1,5 1,5 2,1 1,5 1,5 5,6 7,4 8,9 8,0 5,4 7,1 15,9

  • 5,0

10,0 15,0 20,0

  • 1.000

2.000 3.000 4.000 5.000 2008 2009 2010 2011 2012 2013 2014 Net Debt EBITDA Net Debt/ EBITDA EBITDA/Net Financial Expenses

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34

This presentation contains statements that could constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements appear in a number of places in this announcement and include statements regarding the intent, belief or current expectations of Endesa Chile and its management with respect to, among other things: (1) Endesa Chile’ business plans; (2) Endesa Chile’ cost-reduction plans; (3) trends affecting Endesa Chile’ 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 Endesa Chile or its subsidiaries. Such forward-looking statements 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 Endesa Chile’ Annual Report on Form 20-F. Readers are cautioned not to place undue reliance on those forward-looking statements, which state only as of their dates. Endesa Chile undertakes no obligation to release publicly the result of any revisions to these forward-looking statements.