Enel Américas Q3 2021 Results Presentation

34
Américas Third Quarter Consolidated results October 27 th , 2021

Transcript of Enel Américas Q3 2021 Results Presentation

Page 1: Enel Américas Q3 2021 Results Presentation

Américas

Third Quarter

Consolidated results

October 27th, 2021

Page 2: Enel Américas Q3 2021 Results Presentation

Américas

Key highlights of the period

+47% EBITDA in Q3 2021

vs PY, with a relevant

contribution of EGPA1

+28% Group net income

YTD vs PY1

Moody’s: CT-3 score for

Enel Américas in CTA2

Highest level of

compliance in best

practices of governance

by PwC & U. Andes

+0.4 GW RES started

operations during Q3 in

Brazil

+3.6 GW of solar and

wind capacity added

through EGPA

2.7 GW capacity in

execution

Volume recovery in Dx in

all the countries

Deployment of smart

meters in São Paulo

Tariff adjustment in Goiás

(1) Includes growth from ongoing operations and from EGP Américas consolidation; (2) Carbon Transition Assessment2

Operational performance Financial results ESG positioning Push on renewables

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Macro-scenarioRecovery of electricity distributed & collection to pre-pandemic levels

Currencies vs USD1 Electricity distributed Collection2

(1) Average Fx of the period, except for Argentina, which uses end-of-period FX. Panama is a dollarized economy, (2) Collected income / billed income

+4%

+5%

+6%

+9%

-30%

-5%

0%

-11%

-6%

0%

∆% Q3 2021 vs 2020

3

9M 20219M 2019

∆% Q3 2021 vs 2020

∆% 9M2021 vs 2020 vs 2019

∆% 9M2021 vs 2020

∆% 9M2021 vs 2020

6%

7%

2%

11%

Peru

Colombia

Brazil

Argentina

-

-5%

-14%

-3%

3%

-30%

Guatemala

Costa Rica

Peru

Colombia

Brazil

Argentina

∆% 9M2021 vs 2019

-2%

+2%

+3%

+2%

99.1%

98.2%

99.0%

102.5%

92.5%

97.3%

97.5%

98.3%

100.8%

99.2%

99.1%

99.6%

Peru

Colombia

Brazil

Argentina

9M 2020

(179) (248)

9M 2020 9M 2021

Bad debt 38.5%

∆%

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Américas

3%

30%

62%

3% 2%

29%

48%

23%

26%

55%

19%

Industrial Growth: Gross CAPEXSignificant investment in Renewables to deliver on new capacity

(1) Asset management - CAPEX related to investments for recurring asset maintenance; Asset development - Growth investments in generation and networks (quality programs smart metering); Customers -

CAPEX related to customers ( Enel X (e Home, e-Industries), Network connections); (2) Thermal generation business’ includes trading business.

Total CAPEX by nature1 Total CAPEX by business2 Total CAPEX by country

US$ 815 mn(+114% YoY)

Argentina

Brazil

Colombia

Peru

C. America

Q3

20

21

9M

20

21

4

US$ 1,808 mn(+84% YoY)

Asset

development

Customers

Asset

management

EGPA contribution

Thermal

generation

Renewables

Networks

Retail

Enel X

8%

65%

21%

5%

1%

8%

66%

18%

7%

1%

2%

40%

53%

3% 2%

US$ 815 mn(+114% YoY)

US$ 1,808 mn(+84% YoY)

US$ 815 mn(+114% YoY)

US$ 1,808 mn(+84% YoY)

1%

38%

1%

27%

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Q3 2020 Q3 2021 9M 2020 9M 2021

7.2 6.2

0.1 0.00.4 0.5

3.4 4.0

3.2

Q3 2020 Q3 2021

19.1 18.6

0.6 0.10.7 1.2

9.8 11.1

5.6

9M 2020 9M 2021

Strong growth in net production and energy sales from continued operations and EGPA

Generation operational highlights

Installed capacity (GW) Net production & energy sales (TWh)

+25%

13.811.0

Ne

t p

rod

uctio

n

(1) Includes 0.8 GW of hydro capacity from EGPA; (2) Includes spot sales

+21%

36.7

30.2Hydro1

CCGT

Oil-gas

Coal

Wind & Solar

19.415.5

52.743.5+56%

+21%

38%

62% 59%

41%E

ne

rgy s

ale

s

38%

62% 57%

43%Free market2

Regulated

5

15.6 GW45%

2%

13%

17%

23%

+39% capacity vs PY

+4.4 GW from EGPA1

+0.4 GW added in Q3

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AméricasImprovement in quality indicators across all countries

Networks operational highlights

Electricity distributed (TWh) End users (mn) Quality indicators1

(1) SAIDI: System Average Interruption Frequency Index; SAIDI: System Average Interruption Duration Index 6

28.9 30.2

Q3 2020 Q3 2021

85.089.5

9M 2020 9M 2021

25.6 26.0

9M 2020 9M 2021

9M 2020 9M 2021

Argentina 16.5 13.5

Brazil 11.1 10.8

Colombia 9.0 6.7

Peru 7.0 6.9

Average 11.1 10.2

SAIDI (hours)

9M 2020 9M 2021

4.9 4.8

5.4 5.1

6.3 5.2

2.5 2.4

5.3 4.9

SAIFI (times)

9M 2020 9M 2021

Argentina 18.4% 18.4%

Brazil 13.7% 13.6%

Colombia 7.5% 7.6%

Peru 8.7% 8.4%

Average 12.9% 12.8%

Energy losses

Energy losses

+2%+5%

+4%

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11.2

15.1

9M 2020 9M 2021

3,310

4,366

Sep. 2020 Sep. 2021

Enel X and Retail operating highlights

Delivery points (#) Energy sold (TWh)

+ 32%Street lighting

(final light points, mn#)

PV

(MWρ installed)

Credit cards

(Active credit cards k#)

Microinsurance

(active contracts, k#)

Charging points (#)

(1) Only free market business. Figures do not include gas.

Strong growth in charging points and energy sold

Enel X

9M 20219M 2020

797 847

1,263 900

887 883

18.2 19.9

1,053 2,320

Retail1

+ 35%

+6%

-29%

-

+9%

+120%

Δ%

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ESG highlightsOur commitment is part of our business model

Transparency and governanceIndexes and scores update

• Moody’s assigned a CT-31 for

Enel Américas in its Carbon

Transition Assessment,

reflecting a “strong” positioning for

the carbon transition

• CT-3 issuers exhibit “strong”

positioning for the carbon

transition. They either have a

business model that is not expected

to be materially affected by the

carbon transition, or have strategies

and plans in place that substantially

mitigate their carbon transition

exposure

• The company obtained first place

in terms of percentage of

compliance with best practices on

Corporate Governance required

by the regulator, in a report

published by PwC and U. Andes.

They grouped criteria in four

areas:

1. On the operation and composition

of the Board of Directors,

2. On the relationship between the

company, shareholders and the

general public,

3. On risk management and control,

4. On evaluation by a third party.

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Financial highlights (US$ mn)EBITDA improvement due to operational results & EGPA consolidation

(1) Q3’21: Excludes Fx impact (- US$ 29 mn) and EGPA (+ US$ 134 mn); 9M’21: Excludes Fx impact (- US$ 126 mn) and EGPA (+ US$ 261 mn); (2) Attributable net income to controlling shareholders

EBITDA improvement due to

better operational results and

strong performance of EGPA

Group net income recovery

boosted by better results and

EGPA

Quarter highlights

Lower FFO due to CVA effect

and Conta COVID effect on Q3

2020

Excluding EGPA, Net debt

increased 20% vs PY

9

Q3 2020 Q3 2021 Δ% YoY 9M 2020 9M 2021 Δ% YoY

Reported EBITDA 725 1,066 47.1% 2,196 2,759 25.6%

Adjusted EBITDA1 725 961 32.6% 2,196 2,623 19.4%

OPEX -373 -424 13.6% -1,181 -1,243 5.3%

Total net income 273 369 35.2% 749 913 21.9%

Reported Group net income2 190 264 39.2% 487 622 27.8%

FFO 914 683 -25.3% 1,376 1,172 -14.9%

Net debt (9M 2021 vs FY 2020) 4,426 5,834 31.8%

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4%

42%

35%

14%

5%

725

1,0941,066

41

117 27 (19)

(28)203

Q3 2020 ThermalGeneration

Renewables Networks Retail Enel X Q3 2021exc. FX

FX& Others

Q3 2021

EBITDA breakdown: Q3 2021 results

(1) Thermal generation business’ includes trading business (2) Q3 2021 - Fx effect: US$ -29 mn. Services & Others: US$ 2 mn

Growth driven by EGPA consolidation, Gx and Dx operations

EBITDA evolution by business line (US$ mn) EBITDA by country (US$ mn)

+47%

+51%

1 2 Argentina

Brazil

Colombia

Peru

C. America

US$ 134mn EBITDA

from EGPA

US$ 1,066 mn

(+47% YoY)

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38 38 38

59110

182

169

210

21066

64

73

54

Q3 2020 Q3 2021

exc. EGPA

Q3 2021

7%

28%

41%

17%

7%

EGPA, Brazil and Colombia led to significant EBITDA growth

Generation business: Q3 2021 results

YTD EBITDA by country (US$ mn)Q3 EBITDA evolution (US$ mn)

Argentina

Brazil

Colombia

Peru

+68%

Consolidation of EGPA

boosted results (US$ 134 mn)

+208% EBITDA growth in

Brazil due to strong trading

activity and consolidation of

EGP Brazil

+24% EBITDA growth in

Colombia due to better sale and

purchase electricity prices

C. America

+28%

11

1,412

(+42% YoY)

558

332

423

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Américas

60%

37%

3%

54%

6%

40%

76%

2%

7%

15%

54%33%

2%11%

EGP Américas: Q3 2021 results+0.4 GW of add. capacity in Q3 2021

Main financial KPIsMain operational KPIs

Installed capacity Projects in execution

1.6

2.0

0.8

4.4 GW

Argentina Brazil Colombia

Peru C. America

EBITDA breakdown CAPEX breakdown

12

2.7 GW US$ 134 mn US$ 316 mn

0.9

1.8

0.3

0.6

1.7

2021

2022

2023

New projects in operation:

Cumaru 76 MW

Morro do Chapeu Ext. 155 MW

Fonte dos Ventos II 39 MW

Sao Goncalo III 124 MW

Esperanza 26 MW

Jaguito 13 MW

Brazil

Panama

56%

5%

39%

US$ 261 mn

72%

24%

4%

US$ 509 mn

Q3

20

21

9M

20

21

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58%29%

12%

EBITDA growth across all concession areas

Networks business : Q3 2021 results

YTD EBITDA by country (US$ mn)Q3 EBITDA evolution (US$ mn)

+29%

Volume recovery across all

countries

+39% EBITDA growth in Brazil

on better operational performance

and FX

~US$ 10 mn of negative Fx

impact

Argentina

Brazil

Colombia

Peru

1,423

(+12% YoY)

13

535

415

240

174

335

200

(1) Tariff adjustment for final customer: Goiás 16.45%, starting October 22, 2021

5 13

240

335

122

13347

54

Q3 2020 Q3 2021

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2,759

1,172

(636)

(840)

(600)(147)

(1,808)

EBITDA

9M 2021

NWC Taxes paid Net financial

expenses

FFO CAPEX FCF

Strong CAPEX investment to drive future growth

Cash flow (US$ mn)

(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

Delta YoY +25.6%

9M 2020

+240.9% +48.4% -13.2% -14.9% +85.7% -

1 2 3 4

2,196 (246) (404) (169) 1,376 (974) 403

US$ 509 mn CAPEX

from EGPA

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4,4265,834

1,529

1,482

Dec. 20 Sep. 21

53%

23%

16%

8%

Debt (US$ mn)

Others4

COP

BRL

USD

PEN

(1) Gross and net debt exclude accrued interests and adjustments after derivatives; (2) Calculation does not include pension fund liability in Dx Sao Paulo; (3) Cash and cash equiv. + 90-day cash investments;

(4) Others: UF. Dec. 20: 0.18% and Sep. 21: 0.09%; EUR. Dec. 20: 0.00% and Sep. 21: 0.10%

Net Debt Cash3

Increase in net debt mainly due to CVA effect in Brazil

+22.9%

Gross and net debt1 Net debt evolution

US$ 7,316 mn

Gross debt breakdown

Sep. 21

Cost of gross debt

+68 bps4.92% 5.60%

5,955

Net debt/ EBITDA2

1.4x Co

un

try

Cu

rre

ncy

US$ 7,316 mn

7,316

1.6x

Argentina

C. America

Peru

Colombia

Brazil

Holding

15

4,426

5,834

636

767 14

(688)

631 49

Dec. 20 FCF Net dividendpaid

Financialreceivables

Cash fromEGPA merger

EGPA debt FX Sep. 21

53%

23%

10%

12%

1% 2%

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Closing remarks

Operational recovery

across all

businesses and

geographies

Strong results in Q3

2021 with a relevant

contribution of EGPA

Strong capacity to

deliver and execute

new capacity in line

with our strategy

Affirming our

position as one of the

best ESG players in

the sector for Latam

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Third Quarter

Annexes

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Regulation Update Q3 2021

• Resolution 590/21 - On September 21, 2021, the Ministry of Economy issued Resolution No. 590, which declared as "harmful to the general interest" the "Agreement

for the Regularization of Obligations" dated May 10, 2019. Pointing out the same resolution that, administratively, the Agreement is firm, consented, in execution and

with subjective rights that are being fulfilled. For such reason, its administrative annulment of the Agreement is not possible, but it must be judicial. Intending to base

with such resolution the judicial request of nullity of the same.

• Res. 40179/2021 Ministry of Mines and Energy: Long-term contracting auction for electric non conventional power projects and parameters for its application are

defined.

• 2099 Law / July 10th 2021- Ministry of Mines and Energy: Published rules for energy transition, dynamic market, and economic recovery reactivation of the country

and others matters.

• Ministry of Mines and Energy. Published the Energy Transformation Roadmap.

• Due to the COVID-19 pandemic, the Peruvian Government declared the state of national emergency up to October, 31st. Lima is considered as a moderate risk

region.

• Terms of Reference for the distribution regulatory process were published for comments and the final version is expected by the end of November 2021.

• Panama - Participation in the subcommittees of the National Assembly on electricity sector issues: Bill 258 - Self-Supply System (Approved in First Debate), and Law

162 on Electric Mobility (Approved in First Debate).

• Panama - Participation in the working groups of the Energy Secretariat for the development of the Energy Transition Strategy.

• Costa Rica - Review of Resolution RE-0143-JD-2021

• CREG Resolution No. 3/2021: ANEEL implemented the Water Shortage Flag Rate in the amount of R$ 142.00/MWh, applied since September 2021 through April

2022, for captive customers except low-income customers. These are monthly surcharges in the electricity rates of captive consumers.

• CREG Resolution No. 2/2021: establishes Incentive Program for Voluntary Demand Response for captive customers: bonuses will be granted on the bill, as of

January 2022, in the amount of R$ 50 per 100kWh, for customers that reduce between 10% and 20% of their consumption in September and December 2021

compared to consumption between September and December 2020.

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19

Operating exhibitsNet installed capacity and Total net production: Breakdown by source and geography

MWLarge

Hydro

Hydro

EGPAWind Solar Oil-Gas CCGT Coal Total

Argentina 1,328 0 0 0 1,169 1,922 0 4,419

Brazil 1,038 234 1,898 1,196 0 319 0 4,685

Colombia 3,097 0 0 86 180 0 226 3,589

Peru 792 0 132 179 730 459 0 2,294

Central America 0 545 0 101 0 0 0 646

Total 6,256 779 2,030 1,563 2,079 2,700 226 15,633

GWhLarge

Hydro

Hydro

EGPAWind Solar Oil-Gas CCGT Coal Total

Argentina 1,530 0 0 0 268 8,687 0 10,486

Brazil 2,314 396 4,202 798 0 355 0 8,065

Colombia 9,511 0 0 61 9 0 135 9,716

Peru 3,392 0 316 204 953 2,081 0 6,946

Central America 0 1,434 0 40 0 0 0 1,474

Total 16,747 1,829 4,518 1,104 1,231 11,123 135 36,686

Net installed capacity (MW)

Total net production (GWh)

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Operating exhibitsDistribution companies

Distributor ClientsEnergy sold

(GWh)

SAIDI

(hours)

SAIFI

(times)

Energy

losses (%)City, Country

Concession

area (km2)

Next tariff

review

Edesur 2,538,229 15,888 13.5 4.8 18.4% Buenos Aires, Argentina 3,309 2023

Enel Dx Rio 3,016,876 11,228 10.1 5.2 21.1% Niteroi, Brazil 32,615 2023

Enel Dx Ceará 4,042,855 11,866 12.8 5.0 16.0% Fortaleza, Brazil 148,921 2023

Enel Dx Goiás 3,271,276 14,469 17.8 8.9 11.3% Goias, Brazil 336,871 2023

Enel Dx São Paulo 8,006,580 40,350 7.1 3.5 10.4% Sao Paulo, Brazil 4,526 2023

Enel-Codensa 3,686,212 13,834 6.7 5.2 7.6% Bogota, Colombia 26,093 2024

Enel Dx Perú 1,480,961 7,578 6.9 2.4 8.4% Lima, Peru 1,602 2022

Total 26,042,989 115,213 - - - - - -

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Financial exhibits

(1) Depreciations, amortizations and impairments 21

Q3 2021 Q3 2020 D YoY 9M 2021 9M 2020 D YoY

Revenues 4,855 2,820 +72% 11,513 8,521 +35%

Gross Margin 1,490 1,098 +36% 4,002 3,378 +18%

OPEX -424 -373 +14% -1,243 -1,181 +5%

Reported EBITDA 1,066 725 +47% 2,759 2,196 +26%

D&A1 -389 -244 +59% -960 -813 +18%

EBIT 678 481 +41% 1,798 1,383 +30%

Net financial results -98 -109 -11% -227 -285 -20%

Non operating results 0 4 -96% 1 7 -85%

EBT 580 375 +54% 1,573 1,106 +42%

Income taxes -211 -103 >100% -659 -357 +85%

Minorities -105 -83 +26% -291 -262 +11%

Group Net Income 264 190 +39% 622 487 +28%

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32%

47%

11%

5%

5%

36%

42%

14%

4% 4%

Financial exhibitsEBITDA breakdown

EBITDA by country

Q3 2021

1,066(+47% yoy)

EBITDA by business line

Q3 20219M 2021

2,759(+26% yoy)

9M 2021

ArgentinaPeruColombiaBrazil C. America

22

11%

38%43%

6%

2%

12%

36%44%

6%

2%

1,066(+47% yoy)

2,759(+26% yoy)

Thermal

generationRenewables Networks Retail Enel X

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Argentina (US$ mn)

El Chocón

1,363 MW*

Costanera

2,210 MW*

Dock Sud

846 MW*

Edesur

Clients: 2.5 m

Buenos Aires

Thermal plant

Networks end users

Hydro plant

*Net installed capacity

(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. 23

Q3 2020 Q3 2021 % Q3 2020 Q3 2021 % Q3 2020 Q3 2021 %

Revenues 56 62 11% 199 220 11% 255 283 11%

OPEX -19 -20 7% -49 -63 27% -70 -83 19%

EBITDA 38 38 1% 5 13 158% 40 49 24%

Net Income 32 2 -95% 8 -26 -428% 47 -1 -102%

Gross Capex 8 10 25% 32 54 71% 40 65 62%

Net Production

(GWh)3,641 3,539 -3% - - - 3,641 3,539 -3%

Energy Sales

(GWh)10,469 10,487 0% 12,118 12,603 4% - - -

Av. Spot Price

($US/MWh)N.A. N.A. - - - - N.A. N.A. -

Energy losses

(%) - - - 18.4% 18.4% - - - -

Customers (Th) - - - 2,502 2,538 1% 2,502 2,538 1%

Total2

Generation1

Networks1

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Q3 2020 Q3 2021 % Q3 2020 Q3 2021 % Q3 2020 Q3 2021 %

Revenues 151 1,012 568% 1,607 2,595 61% 1,693 3,519 108%

OPEX -7 -31 367% -180 -179 -1% -197 -225 14%

EBITDA 59 182 208% 240 335 39% 291 505 74%

Net Income 38 64 69% 40 65 61% 57 102 80%

Gross Capex 3 192 6803% 216 336 56% 218 529 142%

Net Production

(GWh)1,578 3,657 132% - - - 1,578 3,657 132%

Energy Sales

(GWh)12,112 18,853 56% 57,089 60,026 5% - - -

Av. Spot Price

($US/MWh)17 109 543% - - - 17 109 543%

Energy losses

(%) - - - 13.7% 13.6% - - - -

Customers (Th) - - - 18,060 18,338 2% 18,060 18,338 2%

Total2

Generation1

Networks1

Brazil (US$ mn)

Fortaleza

319 MW*

Rio de Janeiro

Enel Dx Ceará

Clients: 4.0 m

BrasiliaCachoeira

Dourada

655 MW*

Enel Dx Rio

Clients: 3.0 m

Cien

2,100 MW

Enel Dx Goiás

Clients: 3.1 mn

Volta

Grande

380 MW*

Enel Dx São

Paulo

Clients: 7.8 m

*Net installed capacity

Transmission line

Networks end users

Thermal plant

Hydro plant

(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

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Colombia (US$ mn)

Bogota

Enel Codensa

Clients: 3.6 m

Enel Emgesa

3,097 MW*

Emgesa

409 MW*

Thermal plant

Networks end users

Hydro plant

*Net installed capacity

(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. 25

Q3 2020 Q3 2021 % Q3 2020 Q3 2021 % Q3 2020 Q3 2021 %

Revenues 292 334 14% 377 424 13% 567 653 15%

OPEX -21 -17 -22% -38 -35 -8% -59 -53 -11%

EBITDA 169 210 24% 122 133 9% 291 346 19%

Net Income 64 112 76% 52 59 13% 116 172 49%

Gross Capex 18 126 589% 76 43 -44% 95 169 78%

Net Production

(GWh)3,730 3,332 -11% - - - 3,730 3,332 -11%

Energy Sales

(GWh)13,301 13,068 -2% 10,168 10,783 6% - - -

Av. Spot Price

($US/MWh)42 27 -36% - - - 42 27 -36%

Energy losses

(%) - - - 7.5% 7.6% - - - -

Customers (Th) - - - 3,589 3,686 3% 3,589 3,686 3%

Networks1

Generation1

Total2

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Peru (US$ mn)

Enel Dx Perú

Clients: 1.4 m

Lima

Enel Gx

Perú

792 MW*

Enel Gx

Perú

859 MW*

Thermal plant

Networks end users

Hydro plant

*Net installed capacity

Enel Gx

Piura

336 MW*

(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. 26

Q3 2020 Q3 2021 % Q3 2020 Q3 2021 % Q3 2020 Q3 2021 %

Revenues 128 148 16% 213 212 -1% 305 323 6%

OPEX -19 -24 27% -19 -21 7% -38 -44 15%

EBITDA 66 73 11% 47 54 13% 112 120 7%

Net Income 38 39 2% 17 21 20% 52 53 1%

Gross Capex 4 9 125% 24 34 40% 28 43 52%

Net Production

(GWh)2,100 2,488 18% - - - 2,100 2,488 18%

Energy Sales

(GWh)7,594 8,493 12% 5,584 6,061 9% - - -

Av. Spot Price

($US/MWh)11 27 141% - - - 11 27 141%

Energy losses

(%) - - - 8.7% 8.4% - - - -

Customers (Th) - - - 1,443 1,481 3% 1,443 1,481 3%

Total2

Generation1

Networks1

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Américas

Central America (US$ mn)

Solar plant

Hydro plant

27

Q3 2020 Q3 2021 %

Revenues - 78 -

OPEX - -10 -

EBITDA - 54 -

Net Income - 34 -

Gross Capex - 9 -

Net Production

(GWh)- 767 -

Energy Sales

(GWh)- 1,804 -

Av. Spot Price

($US/MWh)- - -

Energy losses

(%)- - -

Customers (Th) - - -

Central America

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Liquidity (US$ m) Total Used Available

Committed credit lines 1,553 109 1,444

Cash and cash equivalents 1,482 0 1,482

Total liquidity 3,035 109 2,926

Credit Profile

as of September 2021S&P Fitch Moody's

LT international debt BBB- A- Baa2

LT local debt - - -

Outlook (Int'l) Stable Stable Stable

Shares - 1st Class Level 1 -

1

(1) Include cash and cash equivalents for more than 90 days

Financial exhibitsLiquidity and credit profile

28

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Corporate governance structure

57%

43%

Shareholders’ meeting Audit firm

Board of Directors (7 members)

Directors Committee

IndependentExecutive

BoD’scomposition

Functions:

Audit committe

Sustainability committe

Related parties transactions

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Board composition

29%

43%

14%

14%

0-3 years 3-6 years

6-9 years Over 12 years

71%

29%

Board of Directors Board of Directors’ diversity1

DirectorFrancesca Gostinelli

ChairBorja Acha Besga

Giulia Genuardi

José Antonio Vargas

Patricio Gómez Sabaini

Hernán Somerville Senn

Agediversity

Tenurediversity

Genderdiversity

Nationalitydiversity

Male Female

IndependentExecutive

Director

Director

Domingo CruzatDirectors’ Committee

Director

Directors’ Committee

Director

Directors’ Committee (C)

Director 29%

29%

14%

14%

14%

Chilean ItalianColombian SpanishArgentinean

29%

43%

14%

14%

41-50 51-60

61-70 over 70

30

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CEO’s short-term variable remuneration

Type of Target

Weight

Objective

Range

Profit

Economic

Net Income

Latin America25% Maximum 120%

FinancialFFO

Latin America15% Maximum 120%

BusinessClaims

(Commercial operations)20% Maximum 120%

Safety Safety in the workplace 20% Maximum 120%

Business Customer's operations 20% Maximum 120%

31

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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.

Q3 2021 Consolidated resultsDisclaimer

32

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Américas

Q3 2021 Consolidated resultsContact us

Contacts

Email - [email protected]

Rafael de la Haza

Head of Investor Relations

Investor Relations team

Jorge Velis

Javiera Rubio

Nicolás Gracia

Francisco Basauri

Monica De Martino – NY Office

Channels

Website

www.enelamericas.com

Mobile App

Enel Américas Investors

Thank you.

iOS

Download App

Android

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Américas

Américas