First Quarter

Enel Américas

Consolidated results May 2nd, 2024

Q1 2024

Key highlights and operational performance

Aurelio Bustilho

CEO

Key highlights

Announced

Financial

Cost of debt

Grids

Profitability

results

evolution

investments

BRL11.0bn

USD1.1bn

11.0%

USD0.4bn

CAPEXplansforEnelSao

EBITDA+14%vsPY

-120basispoints

G.Netincome+17%vsPY

PauloandCeará2024-26

Robust CAPEX plans with a focus

Q1'24 EBITDA increase mainly

Lower cost of debt explained by to

Group net income growth

on preventive maintenance and

driven by Argentina, Colombia

lower rates in Brazil and Colombia,

driven by higher EBITDA and

grid modernization

and Fx effect

and lower debt in Brazil

discontinued operations

This presentation excludes the operational and financial figures of Peruvian assets (Enel Gx Peru, Enel Dx Peru), as they are classified as assets held for sale, only including its contribution to group net income

3

as "Discontinued operations".

Brazil - Dx CAPEX plans

Announced commitments on our Brazilian concessions

Enel Sao Paulo - 2024-26 CAPEX plan

BRL 6.2 bn CAPEX plan for the 2024-26 period

~BRL 2.0 bn per year, +43% vs 4-year average

+1,200 on-field employees to ensure improved and faster quality response to customer requests

Main initiatives of the plan:

  • Stronger focus on preventive maintenance
  • Increase in the number of preventive prunings
  • Modernization of the electricity network
  • Expansion of communication channels and customer service

Enel Ceará - 2024-26 CAPEX plan

BRL 4.8 bn

2024-26 period

CAPEX plan for the

~BRL 1.6 bn per year, +44% vs 6-year average

+1,750 on-field employees to ensure improved and faster quality response to customer requests

Main initiatives of the plan:

  • Stronger focus on preventive maintenance
  • Increase in the number of preventive prunings
  • Modernization of the electricity network
  • Expansion of communication channels and customer service

BRL 18 bn - Brazil's total 2024-26 CAPEX plan, ~ 80% allocated to Grids

4

Gross CAPEX

Completing renewable projects in core countries, continued focus on Grids

CAPEX by country

16% 6%

USD 556 mn

(-4% YoY)

78%

Argentina

Brazil

Colombia

C. America

CAPEX by business1

2%

42%

USD 556 mn

(-4% YoY)

56%

Grids

Generation

Customers

Asset development2 CAPEX by business

1%

22%

USD 282 mn

(+4% YoY)

77%

Grids

Generation

Customers

(1) Renewables business' includes trading business; (2) Asset development - Growth investments in generation and Grids (quality programs smart metering)

5

Generation operational highlights

97% emission-free production, strong growth in energy sales in Brazil

Net installed capacity (GW)

2%

20%

98% renewables

12.2

Hydro

51%

Wind

GW

Solar

Coal

27%

Net production1 (TWh)

-3%

0.1

9.0

0.3

8.7

0.6

0.7

2.22.0

6.15.8

99% 97%

Q1 2023

Q1 2024

Hydro

Coal

Wind

Emission-free

Solar

production

Energy sales1-2 (TWh)

+26%

18.6

14.8 34%

20%

44% 36%

36% 30%

Q1 2023

Q1 2024

Spot

Unregulated

Regulated

(1) Excludes 1.7 TWh in Q1 2023, related to production and sales from Costanera and Docksud (assets sold in Q1 2023); (2) Excludes intercompany sales

6

Renewables development

~0.2 GW added capacity in Brazil and Colombia

Q1 CAPEX breakdown1

Projects in execution

8%

USD

Brazil

41%

1.1

0.2 bn

Colombia

GW

59%

92%

Capacity built in Q1 2024:

135 MW - Arinos

63 MW - Guayepo II

Country & tech

Project

Net

End of

capacity

construction

Arinos

461 MW

2024

Pedra Pintada

194 MW

2024

Guayepo II

190 MW

2024

Guayepo III

267 MW

2025

(1) Only includes asset development CAPEX for renewables

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Grids operational highlights

Digitalization efforts and increase in net RAB to drive future growth and profitability

Electricity distributed (TWh)

Grid customers (mn)

Quality indicators1-2

+4%

26.1 27.3

+420k

21.9 22.3

SAIDI (hours)

Q1 2023

Q1 2024

Argentina

19.1

15.9

Brazil

7.6

8.1

Colombia

5.4

6.0

Average

8.6

8.7

SAIFI (times)

Q1 2023

Q1 2024

6.6

7.5

3.7

3.8

4.1

4.8

4.1

4.4

Energy losses

Q1 2023

Q1 2024

Q1 2023

Q1 2024

Q1 2023

Q1 2024

Argentina

17.8%

16.1%

Smart meters

355

824

~2.3x

Brazil

13.3%

13.1%

(th)

Net RAB

10.4

12.0

+15%

Colombia

7.5%

7.5%

(USD bn)

Average

13.3%

12.8%

Net RAB / Grid

477

539

+13%

customer (USD)

(1) SAIFI: System Average Interruption Frequency Index; SAIDI: System Average Interruption Duration Index; (2) Quality indicators criteria for Colombia was modified to consider climate event-related cuts

8

Q1 2024

Economic and financial performance

Rafael de la Haza

CFO

Financial highlights (USD mn)

EBITDA increase mainly due to Argentina, Colombia and Fx effect

Q1 2023

Q1 2024

Δ% YoY

Reported EBITDA

945

1,077

14.0%

1

910

1,010

11.0%

Adjusted EBITDA

Net financial results

(184)

(181)

-1.8%

2

307

359

16.8%

Reported Group net income

Net debt (Dec-23 vs Mar-24)

6,543

6,729

2.9%

Reported EBITDA

Q1 2024 increase mainly due to tariff adjustment in Argentina and Colombia, and Fx effect due to BRL and COP appreciation

Net financial results

Higher hyperinflation effect in Argentina, partially compensated by lower financial income in Brazil due to lower cash position

Reported Group net income

Explained mainly by higher EBITDA and better result from discontinued operations (Peru)

Final dividend of USD 142 mn approved (Total dividend of USD 259 mn)

(1) Excludes disposals (USD 35 mn) and Fx effect (USD 68 mn); (2) Attributable net income to controlling shareholders

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Enel Americas SA published this content on 02 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2024 15:49:03 UTC.