Enel Amricas Corporate Presentation, April 2019 Enel Amricas - - PowerPoint PPT Presentation

Enel Américas

Corporate Presentation, April 2019

Enel Américas Overview

Brazil

1,354 MW 1% Market Share in Installed capacity Net Production 3,755 GWh Sales 22,236 GWh 5% Market Share in Sales 17.1 million clients Sales Dx 79,549 GWh2 19% Market Share Dx 2,100 MW transmission lines

Generation Distribution

Transmission

Enel Américas overview1

Enel Américas is Latin America´s largest private power company

Total Generation Installed capacity: 11,257 MW Energy sales: 65,329 GWh Total Distribution Clients: 24.5 million Energy sales: 119,166 GWh2

1.- Source: Company filings and presentations, 2018. 2,- Enel Distribución Sao Paulo’s (Ex Eletropaulo) sales annualized.

Colombia

3,499 MW 20% Market Share in Installed capacity Net Production 14,052 GWh Sales 18,544 GWh 27% Market Share in Sales 3.4 million clients Sales 14,024 GWh 18% Market Share Dx

Generation Distribution

Peru

1,985 MW 15% Market Share in Installed capacity Net Production 8,106 GWh Sales 10,597 GWh 21% Market Share in Sales 1.4 million clients Sales Dx 8,045 GWh 31% Market Share Dx

Generation Distribution Generation

Argentina

4,419 MW 12% Market Share in Installed capacity Net Production 13,949 GWh Sales 13,952 GWh 11% Market Share in Sales 2.6 million clients Sales Dx 17,548 GWh 16% Market Share Dx

Distribution

3

51.80% 12.53% 8.84% 24.25% 2.58%

Enel Américas overview

Ownership profile1

• 1. As of March 31, 2019.
• 2. As of April 3rd, 2019.

4

Américas

OTHER SHAREHOLDERS CHILEAN PENSION FUNDS ADR HOLDERS OTHER INST. SHAREHOLDERS ENEL SPA

Market Cap2: USD 10.10 bn

Enel Américas’ shares are traded on:

Delivery 2016-18

Delivery 2016-18

Main milestones in the period

1Q 16 2Q 16 3Q 16 4Q 16 1Q 17 2Q 17 3Q 17 4Q 17 1Q 18 2Q 18 3Q 18 4Q 18

First phase of the Reorganization completed (the “Spin-offs”) Second phase of the Reorganization completed (the “Merger”) Enel Dx Goiás (Celg) consolidation

• 1. Paid price: US$ 720 million
• 2. Clients: 2.9 million
• 3. Location: State of Goiás

Purchase of 7.5% stake in Enel Dx Perú from minorities Paid price: US$ 80 million Volta Grande consolidation

• 1. Paid price: US$ 436 million
• 2. Installed capacity: 380 MW
• 3. Location: State of Minas Gerais

Enel Dx Sao Paulo (Ex Eletropaulo) acquisition

• 1. Paid price: US$2,235 million
• 2. Clients: 7.2 million
• 3. Location: Sao Paulo

Total investments of US$3.5 bn in acquisitions

Capacity to add value Stable and attractive Regulation Profitability Capacity to add new businesses Simplification

Key Drivers

Creating value in every transaction completed since 2016

• 1. Stake in Enel Dx Perú after the 7.5% acquisition.

1

6

Delivery 2016-18

7

Sustainability, growth, efficiencies and value creation

Index Member People benefited1 I&N End users Gx Energy sales Group simplification Cumulated efficiencies4 Gross Margin Shareholder return Sustainability commitment Growth Value creation

Thousand (cumulated) Number of indexes Million TWh Number of companies US$ m US$ bn DPADR5 US$

2016 2018

2,687 42 24.5 50.6 43 ~ 130 3.8 0.25 14.1 65.3 323 ~ 420 5.0 0.42 1,437

• 1. Base year 2015. 2. Enel Américas is member of 4: DJSI (Chile, EM and MILA) and FTSE4Good. 3. Not included acquired companies. 4. Base year 2015. 5. Dividend per ADR (1 ADR = 50 shares of Enel Américas).

Opex reduction

2016 2018 2016 2018E

Delivery 2016-18

Financial highlights (US$ bn)

Gross Capex Net Income EBITDA Opex evolution

1.2 1.7

+ 42% + 42%

2.4 3.4

+ 70%

0.6 1.2

Financial results significantly improved since 2016

2016 2018E

0.6 0.4 1.2 0.5 1.0 1.7

Attributable Minorities

1.3 1.1 1.6 0.1 (0.3) 0.5 2016 Fx & CPI Efficiencies 2018E without perimeter Perimeter 2018E

3.4 2.4

8

Fx & Opex CPI

• 15%

0.3 0.4 0.5 2016 2017 2018E 0.25 0.31 0.42 2016 2017 2018E

Delivery 2016-18

9

Shareholders return

Earnings per ADR1 (US$) Dividend per ADR1 (US$)

• 1. 1 ADR = 50 shares of Enel Américas.

Total Dividend (US$ bn) Total dividend has increased by about 70% since 2016

+ 68% + US$ 0.2 bn + 114% 0.49 0.62 1.05 2016 2017 2018E

Enel Américas today

42% 51% 7%

Generation Infrastructure & Networks Retail and Enel X

Enel Américas today

2018 KPIs and Financial numbers (US$ bn)

EBITDA by business EBITDA by country

I&N: 24.5 m end users US$ 11.8 bn RAB6 Large hydro generation: 6.2 GW capacity 56% of total Enel Américas’ capacity Thermal generation: 5.0 GW capacity Highly flexible and efficient assets Free market (energy + gas): 1.4 k free customers 17 TWh energy sales Enel X: 421 k Public lighting 105 Charging infrastructure (cumulated facilities, k#)

US$ 3.4 bn

Enel Américas is the largest private utility company in LatAm

• 1. Retail includes free market business. 2. Capex related to investments for recurring asset maintenance. 3. Growth investments in generation and networks (quality programs & smart metering)
• 4. Capex related to customers (Retail, Enel X (e-Home, e-Industries), Network connections). 5. As of April 3rd, 2019. 6. VNR in Peru.

Argentina Brazil Colombia Peru

Opex 1.6 Asset Management2 0.7 Asset Development3 0.6 Attributable Net Income 1.2 Net Debt 6.6 Market Cap5 10.1 Customers4 0.4 Total Net Income 1.7

11

1

36% 35% 17% 12%

US$ 3.4 bn

Enel Américas today

2018 Generation and I&N

Net production by technology Net production by country End users by country Distributed energy by country Almost 60% of our generation mix is hydro Brazil represents 70% in terms of end users and 60% of the total distributed energy

Argentina Brazil Colombia Peru Enel Dx Sao Paulo 12

59.4% 6.4% 33.7% 0.4%

Hydro Oil & Gas CCGT Coal

39.9 TWh

35% 9% 35% 20%

Argentina Brazil Colombia Peru

39.9 TWh

10% 40% 29% 14% 6%

24.5 m

17% 36% 24% 14% 8%

Argentina Brazil Colombia Peru Enel Dx Sao Paulo

100.9 TWh

Energy transition and new

• pportunities in LatAm: our vision

Energy transition and new opportunities

The role of Enel Américas Urbanization

Concentration in urban areas Demand growth Grid development and automation Interconnections

Communities & People

Access to affordable energy Emission reduction Energy efficiency Corporate governance

New businesses

e-City e-Industries e-Home e-Mobility

Market Competition

Liberalization

Enel Américas is ready to capture new opportunities in LatAm

1 2 3 4

14

Energy transition and new opportunities

Urbanization

A Region in continuous development; population concentrated in megacities and a trend of energy demand increase

1

Asia Africa Latam & Caribe

.

30% 54% 66%

1970 2014 2050

% of people living in urban areas1

India 453 269 Southeast Asia China 1888 United States

• 73

Japan

• 94

EU

• 89

242 Latin America

296 Africa 106 Eurasia 388 Middle East

Latam & Caribe

Change in primary energy demand 2000-20162

• 1. United Nations 2014. 2. Source: IEA, WEO 2017, Enerdata, EC statistics. 3. Source: RED 2017 CAF-banco de desarrollo de América Latina. 4. Million Tonnes of Oil Equivalent

Mtoe 4

Emerging economies have increased their energy demand as opposed to mature economies

3

15

year

Energy transition and new opportunities

Communities and people

2020

Access to affordable and clean energy mainly in Africa, Asia and Latin America 2.22

20181

Employment and sustainable and inclusive economic growth

1.8 Engaging local communities (m beneficiaries) High-quality, inclusive and fair education 0.9

Reduction of CO2 specific emissions (kg/kWheq)

0.39 Climate change 2018

3.0

3.0 0.8 <0.35

2.0

20181 0.3 0.4 0.17 2018

Enel Américas Enel Group

92% % Enel Américas / Group 18% 38% 54% 2018

• 1. Cumulated figures since 2015. 2. In the whole Group perimeter, 4.9 m beneficiaries were reached.

Target 2020

Sustainability commitment is present along the whole business value chain

Enel Américas is a constituent of:

2

16

Target already achieved before 2020

51% 47% 2% 81% 19% Asset Development Customers

Energy transition and new opportunities

Enel X

Growing contribution of Enel X and Retail businesses in Enel Américas’ 2019-21 Strategic Plan

3 Market competition 4

Low availability of energy for the free market Commercial strategy redefinition to develop the business Market growth and development

• f gas free market

Increase of power sales plan and start of gas sales plan Energy market liberalization Starting over sales in the free market Uncertanty in power prices due to the situation of Ituango P.P. Opportunities in the new scenario and potential development of gas sales

Smart lighting for cities Electric mobility in LatAm Energy efficiency solutions Demand response and storage solutions for C&I1 customers

Enel X Gross capex 2019-21 (US$ m)

~ 350

Brazil Colombia Rest of countries

16.8 32.0

2018E 2021

~ 2x

~ 350

Energy sales (TWh)

17

• 1. Consumer and industrial.

Strategic Plan 2019-21

Strategic Plan 2019-21

Strategic Pillars

Industrial growth

+ 68% EBITDA growth1 - 2

Efficiencies

US$ 321 m Opex Saving1

Shareholders return

+97% DPS growth1

1. Base year 2018. 2. M&A not included.

Sustainability commitment

Sustainable long-term value creation

A sustainable and solid growth to increase shareholders return

19

23.7 27.6 16.2 17.1

2018 2021

17.3 17.9 7.2 7.6

2018 2021

76 84 25 47

18

2018 2021

Industrial growth: Organic growth

Operational targets by business

Infrastructure & Networks

Distributed energy (TWh) Thermal Installed Capacity (GW) Hydro Installed Capacity (GW) Thermal Generation (TWh) Free customers power & gas (k) Electricity sales in free market (TWh)

x

End users (m) Hydro Generation (TWh)

Generation

59% emission free 62% emission free

Hydro generation will increase during the period reaching 62% of our total production Solid increase in our I&N business, close to double in Retail and relevant expansion of Enel X business in LatAm Free market

11.3 11.3 39.9 44.6

Enel X

Public lighting (m#) Charging stations (cumulated facilities, k#)

24.5 25.5

Enel Dx São Paulo1 Enel Dx São Paulo

119 131

20

4% 35% 0% ~115x 100% 9% 12% 90%

• 1. 119 TWh includes annualized proforma distributed energy of Enel Dx São Paulo.

Enel Dx São Paulo Enel Dx São Paulo

6.2 6.2 5.0 5.0

2018 2021

1.4 1.9

2018 2021

16.8 32.0

2018 2021

421 758

2018 2021 2018 2021

0.1 12.0

1.7

3.6

0.2 (0.2) 0.3 1.3 0.4 (0.1) 0.1

2018 Fx & Opex CPI Efficiencies Tariff/RAB Demand Dx Other 2021

Industrial Growth: Organic growth

Infrastructure & Networks evolution

RAB3 (US$ bn) WACC2 EBITDA (US$ bn)

• 1. US$ 2.0 bn includes annualized proforma EBITDA of Enel Dx Sao Paulo. 2. WACC real before taxes. Peru considers ROA. 3. VNR in Peru.

2021 2018 Enel Dx Goiás Edesur Enel Dx Ceará Enel Dx Perú Enel Dx Rio Enel Dx Sao Paulo Enel Codensa 12.5% 12.3% 12.3% 12.3% 12.3% 12.0% 13.7% 12.5% 12.3% 12.3% 12.3% 12.3% 12.0% 11.8%

80%

1.6 1.6 2.7 3.3

2.0 2.5 2.0 2.1 0.9 0.9 1.0 1.3

1.7 3.1

2018E 2021

Enel Dx Perú Enel Codensa Eletropaulo Enel Dx Río Enel Dx Goiás Enel Dx Ceará Edesur

11.8 14.7 25%

21

+89% of EBITDA growth and +25% of potential RAB increase

2.0

1

Enel Dx Sao Paulo

Enel Dx Sao Paulo

Industrial growth: Non organic growth

Focus Enel Distribución Sao Paulo

RAB Regulatory review Efficiencies EBITDA1 End users @ 2017 Key Drivers Plan 2021

Enel Dx Ceará Enel Dx Sao Paulo Enel Dx Río Enel Dx Goiás

US$ 0.3 bn US$ 0.8 bn US$ 2.0 bn US$ 2.5 bn July 2019

• US$ 178 m

7.2 m 7.6 m

1: The average USD FX rate for FY 2017 equal to 3.19 BRL only for information purposes. Original data is in Brazilian reais.

Distributed Energy 43 TWh 47 TWh

22

Total capex invested during the period will amount to US$ 0.9 bn

0.2 0.8 0.1 0.2 0.3

2018E Efficiencies Operating improvement 2021

Industrial growth: Non organic growth

Focus Enel Distribución Sao Paulo

Enel Distribución Sao Paulo operational KPIs EBITDA (US$ bn)

167%

20183 2021 43 42 73 47 108 46 Energy distributed (TWh) EBITDA/Customer (US$) OPEX/Customer (US$)

23

Financial and operational key drivers will improve over the period 0.3

1

• 1. US$ 0.3 bn includes annualized proforma EBITDA of Enel Dx Sao Paulo. 2. Net of Fx & Opex CPI. 3. Annualized values.

2

1.6 (0.1) 0.2

2018 Fx & Opex CPI Volume 2021

Industrial Growth: Organic growth

Generation evolution

EBITDA (US$ bn) Contracted Energy (TWh)

• 1. Power Purchase Agreement. 2. Volta Grande’s PPA duration: 30 years.

> 100% > 100% 94% 85% > 100% > 100% > 100% 89% PPAs1 average duration: 15-30 years2 PPAs1 average duration: 5-7 years 15.7 14.3 12.7 8.6

2018 2019 2020 2021

Colombia

> 100% 96% 93% 74% PPAs1 average duration: 2-4 years 10.6 11.0 10.7 9.8

2018 2019 2020 2021

Peru

90% 91% 90% 81%

7%

93% 91% 92% 65%

24

Securing profitability through long-term PPAs

13.0 9.2 8.6 8.7 2018 2019 2020 2021

Brazil

> 100% 89% 70% > 100%

1.5

Industrial Growth: Organic growth

Free market: positioning & market liberalization

EBITDA evolution (US$ m) Enel Américas free energy sales (TWh)

0% 18%

Market Share:

3% 5%

Market Share:

20% 23%

Market Share:

28% 25%

Market Share:

50%

Market liberalization addressing our growth in the free market business

25

48 72 1 9 11 1 2

2018 Fx & Opex CPI Argentina Brazil Colombia Peru 2021

5,1 7.0

2018E 2021

Colombia

6.9 6.9

2018E 2021

Peru

0.0 6.1

2018E 2021

Argentina

2018 2021

4.8 12.0

2018E 2021

Brazil

2018 2021 2018 2021 2018 2021

1.4 2.5 2018E 2021

Industrial Growth: Organic growth

Enel X

4 128

e-City e-Industries e-Home e-Mobility

0.4 0.8

2018E 2021

Public lighting

(spots, m#) Collection services (transaction, m#) Financial services (transaction, m#)

1.5 38.2 2018E 2021 0.9 1.9 2018E 2021

Credit card Micro insurance

Demand response

(MW delivered/year)

PV

(MW installed/year)

253 2018E 2021 1 45 2018E 2021

Charging station

(cumulated facilities, k#)

e-Buses

(cumulated sales, #) 41

2018E 2021

EBITDA evolution (US$ m)

205%

26

Significant expansion of the Enel X business along the period

0.1 12.0

2018E 2021

43 131

(3) 6 57 26 2

2018 Fx & Opex CPI Argentina Brazil Colombia Peru 2021

11% 81% 2% 6%

Gx I&N Retail Enel X

14% 55% 21% 10%

Argentina Brazil Colombia Peru

US$ 5.3 bn

34% 37% 29%

Asset Development Asset Management Customers

Total capex

Industrial growth: Organic growth

Capex plan 2019- 21

Total capex by country

US$ 5.3 bn US$ 5.3 bn

I&N business captures more than 80% of total capex plan Total capex by business

27

1

• 1. Retail includes free market business.

1,350 1,207

2018 2021

Efficiencies

Further efficiencies 2019-211

New Strategic Plan envisages additional efficiencies for US$321 m

Enel Américas’ opex exc. Enel Dx Sao Paulo (US$ m) Enel Dx Sao Paulo’s opex (US$ m)

2

• 1. Values in real terms. 2. Annualized opex.

28

Main initiatives

 Digitalization  Apply Group standards in technical maintenance  Efficiency in purchasing  Quality of service: Reduced costs due to low quality  Technological and functional convergence

• f systems

 Reducing external costs, mainly services, travel, introduction

• f

surveillance technology

Efficiencies at all levels

528 350

2018 2021

3.7 4.2 4.6 3.4 4.4 5.2 5.7 2018 2019 2020 2021

Previous Plan New Plan

Financial targets

EBITDA1 (US$ bn): Guidance vs previous Strategic Plan

+68% +5% +13%

• 8%

+US$ ~0.2 bn Enel Dx Sao Paulo

• US$ ~0.1 bn Fortaleza
• US$ ~0.4 bn hyperinflation, Fx effect and
• thers

+ US$ ~0.6 bn Enel Dx Sao Paulo

• US$ ~0.4 bn Fx effect and others

+ US$ ~0.7 bn Enel Dx Sao Paulo

• US$ ~0.1bn Fx effect and others

29

• 1. Including Services and Holding costs.

2021

Improved EBITDA in the coming years mainly due to Enel Distribución Sao Paulo’s contribution

8.9 5.4 3.5 0.7

FFO Asset management Customers FFO after asset mgmt. And cust. Asset Developtment FCF Dividends paid Net FCF

Financial targets

FFO1, capex and cash flow 2019-21

FFO and capex (US$ bn) Cash flow generation (US$ bn)2

+89%

• 1. Funds From Operations. 2. M&A and minorities opportunities not included. 3. Capex. 4. Free Cash Flow. 5. Including US$1.9 bn paid to shareholders of Enel Américas and US$0.8 bn

dividends distributed from subsidiaries to minorities.

1 4

• 6%

Positive Net Free Cash Flow leaves room for a relevant capex plan and attractive dividend payout

30

3 3 3

(1.9) (1.6) (1.8) (2.8)

1.9

5

0.9

1.8 2.3 3.1 3.4 1.7 1.8 1.9 1.6 2018 2019 2020 2021 FFO Capex

6.1 7.3 6.6 5.8

0.5 0.3 0.5 0.6

2018 2019 2020 2021

Financial targets

Net debt evolution 2019-21

Net debt breakdown (US$ bn) Net financial expenses on debt (US$ bn)

31

Countries Holding

7.6 7.1 6.4

• 8%

0.7 0.7 0.6

8.0 8.0 7.5

0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8

2019 2020 2021 Net Financial expenses Cost of gross debt (%)

6.6

Financial targets

Guidance 2019-21

EBITDA and Net Income (US$ bn) Net Income evolution (US$ bn)

+68% +58% +58%

32

Solid EBITDA and Net Income with a 50% Dividend Policy along the period

+80%

Dividends paid (US$ bn)

Dividend policy: 40% 50% 50% 50%

1.2 1.9 2.3 (0.2) (0.4) (0.8) (0.2) 2018 EBITDA D&A Financial charges Taxes Minorities 2021 3.4 4.4 5.2 5.7 1.2 1.3 1.6 1.9

2018 2019 2020 2021 EBITDA Attributable Net Income

0.5 0.6 0.8 0.9 2018 2019 2020 2021

Closing remarks

Closing remarks

1 2 3 4 5

Successful delivery in the period 2016-18 Enel Américas is now a stronger leader in the utilities sector in the Region The Company is well positioned to face the energy transition and new opportunities in LatAm creating long term value Financial targets reviewed upwards versus the previous plan Relevant contribution to the people and communities where we operate with clear environmental, economic, and social goals

34

Exhibits

• 1.8%

2.0% 2.8% 4.8%

• 2.1%

2.3% 0.0% 6.9% 1.2% 3.4%

• 2.7%

14.2% Peru Colombia Brazil Argentina 57 73 624 152 54 72 610 147 52 70 595 143 Peru Colombia Brazil Argentina

Exhibits

Macro and energy scenario

CPI1 Energy demand (TWh) Enel Américas distributed energy (TWh)

2019 2020 2021 8.6 14.7 87.4 20.0 8.3 14.5 85.1 19.5 8.0 14.3 82.7 18.9 Enel Dx Perú Codensa Brazil Edesur

• 1. Consumer Price Index.

36

Local currency vs USD

2.5% 3.4% 4.2% 14.0% 2.6% 3.4% 4.2% 17.0% 2.5% 3.4% 4.0% 20.0% Peru Colombia Brazil Argentina

Exhibits

37

Regulatory cycle of Distribution Companies

Company Regulatory cycle Next regulatory cycle Edesur 5 years 2022 Enel Dx Ceará 4 years 2019 Enel Dx Goiás 4 years 2022 Enel Dx Rio 5 years 2023 Enel Dx Sao Paulo 4 - 5 years 2019 (3Q) Enel Codensa 5 years 2019 (1Q) Enel Dx Perú 4 years 2022

Edesur Clients: 2.5 m Enel Dx Ceará Clients: 4.0 m Enel Dx Goiás Clients: 3.0 mn Enel Dx Rio Clients: 3.0 m Enel Dx Sao Paulo Clients: 7.2 m Codensa Clients: 3.4 m Enel Dx Perú Clients: 1.4 m

Disclaimer

This presentation does not constitute an offer to sell any securities and is not soliciting an offer to buy any securities in any jurisdiction. This presentation contains certain “forward-looking statements” regarding anticipated financial and operating results and statistics and other future events relating to Enel Américas S.A. These statements are not guarantees of future performance and are subject to material risks, uncertainties, changes and other factors which may be beyond Enel Américas’ control or may be difficult to

• predict. These statements may constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. The inclusion of these forward-

looking statements should not be regarded as an indication that Enel Américas or any other person considers such projections to be material or to be a reliable prediction of actual future results. These forward-looking statements are subjective in many respects and there can be no assurance that they will be realized or that actual results will not be significantly higher or lower than

• described. As a result, the inclusion of any forward-looking statements in this presentation should not be relied on as necessarily predictive of actual future events. The projections and other

forward-looking statements were based on numerous variables and assumptions that are inherently uncertain. Actual results may differ materially from those projected as a result of such risks and uncertainties. In addition, the financial projections do not necessarily reflect revised prospects, changes in general business or economic conditions, or any other transaction or event that has

• ccurred or that may occur and that was not anticipated at the time the projections were prepared.

Forward looking statements include, but are not limited to, information regarding: Enel Américas' business plans, Enel Américas' cost reduction plans, trends affecting Enel Américas' financial condition or results of operations including market trends in the electricity sector in Chile or elsewhere, supervision and regulation of the electricity sector in Chile or elsewhere, and the future effect of any changes in the laws and regulations applicable to Enel Américas' or its affiliates. The principal assumptions underlying these forecasts and targets relate to: Economic and Industry Conditions, Commercial Factors, Political/Governmental Factors, Operating Factors, and Competitive Factors. The following important factors, in addition to those discussed elsewhere in this presentation, could cause actual financial and operating results and statistics to differ materially from those expressed in our forward-looking statements, including but not limited to: changes or developments regarding the applicable regulations (which may affect the investment plan of Enel Américas regarding the regulated activities), legal restrictions applicable to the implementation of the dividends policy, environmental regulations and other legal issues; price of electricity; price and supply

• f raw materials; interest rates or exchange rates; availability of fuel; ability to maintain relationship with suppliers, customers and consumer and user protection groups; changes in climate

conditions; widespread adoption energy efficiency measures; inherent risks in the construction of new power generation and distribution facilities; changes in general economic, political, administrative and business conditions; operating hazards and risks; tax risks; loss of senior management and key personnel; insufficiency of insurance coverage or increase of insurance costs; failure of systems and information technology and processing; inability to access the capital markets to refinance its debt and finance its capital expenditures; and other factors that could adversely affect the business and financial results of the Company. No assurance can be given that the forward-looking statements in this document will be realized. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date of this presentation. Our independent registered public accounting firm has not audited, examined or compiled the forward-looking statements and, accordingly, does not provide any assurance with respect to such statements. Neither Enel Américas nor any of its affiliates intends, nor undertakes any obligation, to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

41

Phone +562 23534682

Rafael De La Haza

Head of Investor Relations Enel Américas

Jorge Velis

Investor Relations Manager Enel Américas

Itziar Letzkus

Investor Relations Enel Américas

Javiera Rubio

Investor Relations Enel Américas

Gonzalo Juárez

IR New York Office María Luz Muñoz Executive Assistant

Enel Américas

Contact us

Thank you.

Email ir.enelamericas@enel.com Web site www.enelamericas.com