Enel Americas S.A. · BCS:ENELAM
Enel Americas — Investor Presentation (September 2021)
33 slides from Enel Americas's investor presentation, September 2021
Slide 1: Enel Américas Corporate Presentation September 2021
Américas Américas Enel Américas Corporate Presentation September 2021
Slide 2: Enel Américas as part of Enel Group
Enel Américas as part of Enel Group Américas Enel Group is leading the new energy world… 1st network 49 GW 39 GW 6 GW 70 mn operator1 Renewable capacity2 Conventional Demand response customers4 capacity3 New services enable Leading decarbonization World’s largest private decarbonization and Largest
Slide 3: Enel Américas at a glance
Enel Américas at a glance Diversified investment vehicle with ESG principles integrated in our long-term strategy Américas Strong presence in EBITDA (1) Net Income (1) key countries in Latin US$ 3.2 bn US$ 0.8 bn America Company data Staff (1) 16,731 people Key KPIs Installed Capacity (2) Part of En
Slide 4: Corporate and ownership structure
Corporate and ownership structure Américas Business structure1 Ownership structure3 Pension ADRs Retail funds 2.3% 0.9% Other 6.9% shareholders Institutional investors 82.3% 17.7% 7.7% # shares Américas 107,281,698,561 Enel S.p.A 82.3% Argentina Brazil Colombia2 Peru Cent. Am.2 Market Cap4: US$ 14.2
Slide 5: Key investment considerations
Key investment considerations Américas Américas Diversified investment vehicle in the region with ESG principles integrated in our long-term strategy Proven M&A track record with accretive results Distribution: Regulated business with attractive returns Generation: Renewable portfolio with growth th
Slide 6: Diversified investment vehicle in the region
Diversified investment vehicle in the region Enel Américas is Latin America’s largest private power company Américas Central Argentina Brazil Colombia Peru America1 Installed GENERATION 4,419 4,291 3,589 2,292 606 capacity (MW)2 Energy sales 13.9 25.3 17.5 10.3 0.9 (TWh) Market share 11% 5% 25% 21%
Slide 7: Proven M&A track record with accretive results
Proven M&A track record with accretive results Expansion of operations in the region through inorganic growth… Américas Largest Private Inorganic growth trough M&A: Strong financial NEW GROWTH Utility in LatAm Consolidation in Dx & Gx businesses position PHASE Capital increase Generation business Di
Slide 8: Corporate structure simplification: Enel Colombia
Corporate structure simplification: Enel Colombia Agreement with GEB paves the way for future growth in Colombia & Central America Américas New structure for Colombia & Central America Benefits from new agreement Next steps 1 Shareholders’ Meeting approvals - Distribution of back dividends and a Jul
Slide 9: Generation
Portfolio mainly represented by Generation renewable technologies Américas Installed Capacity1 EBITDA (US$ mn) 1% +29% 10% 67% Renewable 20% 14% +3.9 GW vs PY 854 21% FY 2020 662 46% Hydro 1,383 18% 15.2 GW Wind & Solar CCGT 49% Oil-gas 21% Coal Argentina Brazil Colombia Peru H1 2020 H1 2021 Main KP
Slide 10: With a sizeable long-term pipeline and projects in execution
With a sizeable long-term pipeline and projects in execution Américas Pipeline (GW)1 Projects in execution1-2 GENERATION 3% 9% 44.4 24.6 25% 34% 41% 29% 3.1 GW 3.1 GW 3.1 GW 59% 66% 34% 19.8 Brazil C. America Wind Solar 2021 2022 2023 Colombia Peru Gross Pipeline Early Stage Mature Pipeline Pipeline
Slide 11: Distribution
Regulated business with Distribution attractive returns Américas Main KPIs EBITDA (US$ mn) 3% 2019 2020 H1 2021 +4% 12% End users 888 (mn) 25.2 25.6 25.9 854 FY 2020 27% Energy distributed US$ 1,858 (TWh)1 120.6 115.2 118.5 59% SAIDI (hours) 12.4 10.8 10.3 Argentina Brazil Colombia Peru H1 2020 H1 2
Slide 12: Distribution: clear parameters for our concessions
With clear parameters for our Distribution concessions Américas Argentina Brazil Colombia Peru Business model Price cap Price cap Revenue cap Price cap WACC real pre tax 12.46% 12.26%2 11.50% 12.0% Next Regulatory 20231 2023 2024 2022 Period Regulatory Period 5 (Rio, Goias) 5 5 4 Length (years) 4 (C
Slide 13: Enel X and Retail: Strategic actions
Enel X Developing a portfolio to reach the Retail electrification process of each client…. Américas Assist customers in decarbonization and in a more efficient use of energy, Mission through electrification and digitalization Enel X Create new value through the offer of new products and services ELE
Slide 14: With continuous improvement in our key KPIs
With continuous improvement in our key KPIs Américas Enel X Retail1 2019 2020 H1 2021 Smart lighting Delivery points (#) Energy sold (TWh) (final light points, mn#) 818 836 845 4,163 18.3 Microinsurance 16.6 (active contracts, k#) 1,307 1,261 923 3,480 15.4 2,800 Credit cards (Active credit cards k#
Slide 15: Global Power Generation decarbonization
Global Power Generation Contributing to the Group reduction target in GHG emissions, in line with the 1.5° scenario Américas -80% 500 .000 450 .000 400 .000 350 .000 414 FULL 300 .000 250 .000 298 DECARBONIZATION 200 .000 Scope 11 150 .000 218 (gCO2eq/kWh) 100 .000 148 82 50. 000 0.0 00 2017 2019 20
Slide 16: Circular economy – new initiatives
Circular economy – new initiatives Américas Circular economy New initiatives GBLs Proyect KPIs CE Pillar Through Ecoenel, customers of our DSO in Waste collected (t): 4.071 Brazil can exchange their recyclable waste Ecopontos (#): 303 for bonus energy bills Improve water use performance in cooling D
Slide 17: With yearly improvements in our ESG scores
With yearly improvements in our ESG scores Américas MSCI S&P Dow Jones FTSE Russell Moody’s ESG Solutions AA AA 83 4.1 3.8 56 A 81 3.5 53 76 47 2018 2019 2020 2018 2019 2020 2019 2020 2021 2018 2020 2021 Scale from CCC to AAA Scale from 0 to 100 Scale from 0 to 5 Scale from 0 to 100 MSCI: Universal
Slide 18: H1 2021 Results
Américas Américas H1 2021 Results Américas
Slide 19: Macro-scenario
Macro-scenario Recovery of electricity distributed to pre-pandemic levels Américas Currencies vs USD1 Electricity distributed Collection2 ∆% Q2 ∆% H1 ∆% Q2 ∆% H1 ∆% H1 2021 vs 2020 2021 vs 2020 2021 vs 2020 2021 vs 2020 2021 vs 2020 -36% 99.4% Argentina -36% +1% +0.3 p.p. Argentina 8% Argentina 99.1
Slide 20: Financial highlights (US$ mn)
Financial highlights (US$ mn) Significant improvement of adjusted EBITDA due to operational results Américas Q2 2020 Q2 2021 Δ% YoY H1 2020 H1 2021 Δ% YoY Quarter highlights Reported EBITDA 623 951 52.7% 1,471 1,692 15.0% EBITDA improvement due to better operational results and strong performance of
Slide 21: EBITDA breakdown: Q2 2021 results
EBITDA breakdown: Q2 2021 results Recovery in all our business lines Américas EBITDA evolution by business line (US$ mn) EBITDA by country (US$ mn) 5% 4% +53% +54% 14% 49 7 10 961 951 171 US$ 951 mn 101 (10) 42% 623 US$ 127mn EBITDA (+53% YoY) from EGPA 35% Q2 2020 Thermal Renewables Networks Retail
Slide 22: Industrial Growth: Gross CAPEX
Industrial Growth: Gross CAPEX Significant increase in Renewables CAPEX dedicated to EGPA’s new capacity Américas Total CAPEX by nature1 Total CAPEX by business2 Total CAPEX by country 3% 2%3% 2% 7% 7% 25% 27% 27% Q2 2021 12% 28% US$ 698 mn US$ 698 mn US$ 698 mn (+132% YoY) 2% (+132% YoY) Thermal (+
Slide 23: Financial position
Financial position Solid liquidity and debt metrics Américas Current liquidity1 Debt amortization1 (US$ bn) Net debt/EBITDA1 Gross debt Net debt/EBITDA US$ 7.2 bn 1.7x 2.9 1.1 45% 55% US$ 2.8 bn 1.2 1.0 1.1 0.9 5.7 3.4 2021 2022 2023 2024 After 2024 EBITDA LTM Net Debt Committed credit lines EBITDA
Slide 24: Thank you. Contact us
Contact us Américas Contacts Email - [email protected] Channels Website Mobile App www.enelamericas.com Enel Américas Investors Rafael de la Haza Head of Investor Relations Download App iOS Android Investor Relations team Jorge Velis Javiera Rubio Nicolás Gracia Francisco Basauri Monica De Ma
Slide 25: Annexes
Américas Américas Américas Enel Américas Annexes August 2021
Slide 26: Regulation Update H1 2021
Regulation Update H1 2021 Américas • ENRE N° 106/2021 – Increase in Edesur’s tariff, translating into a 21.8% VAD increase • SE 440/21 – Updated generation remuneration by +29% (linear adjustment, retroactive to February 2021) • On June 29, 2021 ANEEL’s board of directors approved the new values of
Slide 27: Operating exhibits – H1 2021: capacity and production
Operating exhibits – H1 2021 Net installed capacity and Total net production: Breakdown by source and geography Américas Net installed capacity (MW) Large Hydro MW Wind Solar Oil-Gas CCGT Coal Total Hydro EGPA Argentina 1,328 0 0 0 1,169 1,922 0 4,419 Brazil 1,038 234 1,628 1,072 0 319 0 4,291 Colom
Slide 28: Operating exhibits – H1 2021: distribution companies
Operating exhibits – H1 2021 Distribution companies Américas Energy sold SAIDI SAIFI Energy Concession Next tariff Distributor Clients City, Country (GWh) (hours) (times) losses (%) area (km2) review Edesur 2,526,437 15,888 14.7 4.9 20.1% Buenos Aires, Argentina 3,309 2023 Enel Dx Rio 3,008,447 11,2
Slide 29: Financial exhibits – H1 2021
Financial exhibits – H1 2021 Liquidity and credit profile Américas Liquidity (US$ m) Total Used Available Committed credit lines 1,361 120 1,242 Cash and cash equivalents 1 1,529 0 1,529 Total liquidity 2,890 120 2,771 Credit Profile S&P Fitch Moody's as of June 2021 LT international debt BBB- A- Ba
Slide 30: Corporate governance structure
Corporate governance structure Américas Shareholders’ meeting Audit firm 43% BoD’s composition Board of Directors (7 members) 57% Executive Independent Functions: Directors Committee Audit committe Sustainability committe Related parties transactions 29
Slide 31: Board composition
Board composition Américas Board of Directors Board of Directors’ diversity1 Borja Acha Besga Chair 43% 29% Francesca Gostinelli Director 14% Age Gender diversity 14% diversity Giulia Genuardi Director 29% 71% 41-50 51-60 Male Female José Antonio Vargas Director 61-70 over 70 14% 14% Directors’ Comm
Slide 32: CEO's short-term variable remuneration
CEO’s short-term variable remuneration Américas Type of Target Objective Weight Range Profit Net Income 25% Maximum 120% Economic Latin America FFO Financial 15% Maximum 120% Latin America Business Customer's operations 20% Maximum 120% Claims Business 20% Maximum 120% (Commercial operations) Safety
Slide 33: Américas
Américas Américas
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