Enel Chile Sa · BCS:ENELCHILE
Enel Chile Sa — Q3 2026 Earnings Presentation
33 slides from Enel Chile Sa's earnings presentation, Oct 29, 2026
Slide 1: Q3 & 9M 2026 Enel Chile Consolidated results
Q3 & 9M 2026 Enel Chile Consolidated results October 29, 2026
Slide 2: Gianluca Palumbo, CEO
Gianluca Palumbo CEO eCnNel
Slide 3: Key highlights of the period
Key highlights of the period Portfolio Country and Business management Regulatory context performance Strong hydro production supported by improved National Reconstruction Law enacted, Resilient EBITDA and rainfall in Aug-26 and Sep-26, following weaker supporting national investment conditions Net
Slide 4: Strong hydrology in Aug-26 and Sep-26, supporting a positive start to the 2026-2027 hydrological year
Strong hydrology in Aug-26 and Sep-26, supporting a positive start to the 2026-2027 hydrological year Enel Chile hydro generation Reservoir levels1 Hydro generation Snowmelt 2026-2027 Maule and Laja basins Historical generation Early reservoir actions TWh avoided extreme water 13.7 12.2 11-12 discha
Slide 5: Strategic projects progressing to strengthen our portfolio and enable the energy transition in Chile
Strategic projects progressing to strengthen our portfolio and enable the energy transition in Chile BESS development Net installed capacity Our BESS projects GW are well on track Project BESS Capacity Status 5% Las Salinas 206 MW 17% Hydro COD 2027 Wind, solar & 41% 2% 8.9 geothermal Valle del Sol
Slide 6: Higher renewable generation and improved hydrology strengthened our energy balance mix
Higher renewable generation and improved hydrology strengthened our energy balance mix Net production and energy balance (TWh) Net production Portfolio mix evolution1 7.6 7.6 7.5 7.5 16.9 17.0 0.0 1.6 1.4 4.8 0.6 4.7 3.9 4.4 5.4 6.1 6.1 0.7 2.8 2.8 0.4 5.4 Q3 2025 Q3 2026 1.4 4.3 4.0 1.3 0.0 0.8 22.
Slide 7: Regulatory progress and operational resilience support the distribution business outlook
Regulatory progress and operational resilience support the distribution business outlook Dx regulatory milestones Grids main KPIs 9M 2025 9M 2026 SEC issued the Tariff Normalization Report in Sep/26 determining the VAD 2020 – 2024 amounts pending recovery for distribution companies Energy distribute
Slide 8: Simone Conticelli, CFO
Simone Conticelli CFO eCnNel
Slide 9: Resilient operating performance and solid financial position, in line with 2026 FY guidance
Resilient operating performance and solid financial position, in line with 2026 FY guidance Economic & financial performance EBITDA Net income FFO (USD mn) (USD mn) (USD mn) +2% +11% +25% 1,004 1,021 770 390 615 352 9M 2025 9M 2026 9M 2025 9M 2026 9M 2025 9M 2026 Q3 345 336 -3% 106 118 +11% 211 271
Slide 10: Strong capex execution focused on generation growth and grid modernization
Strong capex execution focused on generation growth and grid modernization CAPEX by business and by nature Development CAPEX 9M 2026 9M 2026 12% 10% 6% 1% 14% 492 492 295 25% USD mn 30% USD mn USD mn +2.0x vs PY +2.0x vs PY 60% +4.9x vs PY 63% 79% BESS REN + BESS Asset development Hydro Grids Asset
Slide 11: Q3 2026 EBITDA broadly stable despite specific prior-year and market-related effects
Q3 2026 EBITDA broadly stable despite specific prior- year and market-related effects EBITDA evolution (USD mn) -3% Sourcing performance impacted by 345 17 336 prior-year positive energy resettlements, (0.3) (16) (10) partially offset by lower gas generation costs Gas margin reflects gas trading act
Slide 12: 9M 2026 EBITDA growth driven by integrated business strength and stable grids performance
9M 2026 EBITDA growth driven by integrated business strength and stable grids performance EBITDA evolution (USD mn) 9M 2025 9M 2026 Integrated business up by 15 USD mn thanks to: 125 127 i. gas optimization initiatives ii. lower thermal generation costs iii. offset by lower capacity payments and pre
Slide 13: Improved operating performance and positive D&A effects contributed to stronger net income
Improved operating performance and positive D&A effects contributed to stronger net income Net income evolution (USD mn) +11% Higher EBITDA reflecting resilient 40 operating performance during the period 2 390 17 352 (17) (4) Lower D&A1 mainly reflecting impairment- related effects across comparable
Slide 14: 2026 FFO growth remains supported by NWC recovery and EBITDA resilience
2026 FFO growth remains supported by NWC recovery and EBIDTA resilience FFO evolution (USD mn) 52 Improved Net working capital contribution 1,021 42 reflects higher capex plan execution and seasonal business dynamics (172) 770 (172) Higher Financial expenses mainly explained by FX-related financial
Slide 15: Strong financial position with robust liquidity and long-term debt profile
Strong financial position with robust liquidity and long-term debt profile Debt and liquidity Gross debt (USD mn)1 Liquidity position (USD bn) Debt maturities (USD bn)1 -1% 8% 15% 30% 3% 1.7 3,841 3,795 462 371 36% 1.1 1.0 USD bn 3,379 3,423 0.6 64% 0.3 0.1 Dec 31, 2025 September 30, 2026 2026 2027
Slide 16: Closing remarks
Closing remarks 1 Resilient earnings supported by our diversified platform and improved hydro conditions in late Q3, confirming 2026 EBITDA / Net income guidance 2 Regulatory processes continue to advance alongside our grids and integrated margin investment plans 3 BESS execution well on track, with
Slide 17: Q3 & 9M 2026 Annexes
Q3 & 9M 2026 Annexes enel
Slide 18: Q3 Profit & Loss (USD mn)
Q3 Profit & Loss (USD mn) Q3 2026 Q3 2025 Δ qoq Reported EBITDA 336 345 -3% D&A (105) (100) +5% Bad Debt (10) (10) -1% Impairment - (6) -100% Reported EBIT 221 229 -3% Financial expenses (58) (73) -21% Other non-financial result 7 5 +35% Reported EBT 170 161 +6% Income taxes (43) (44) -2% Minorities
Slide 19: 9M Profit & Loss (USD mn)
9M Profit & Loss (USD mn) 9M 2026 9M 2025 Δ hoh Reported EBITDA 1,021 1,004 +2% D&A (303) (275) +10% Bad Debt (27) (28) -3% Impairment 32 (35) n.a. Reported EBIT 722 666 +8% Financial expenses (179) (157) +14% Other non-financial result 17 12 +39% Reported EBT 561 521 +8% Income taxes (141) (137) +3
Slide 20: Main business EBITDA breakdown
Main business EBITDA breakdown EBITDA Generation EBITDA Grids1 business line (USD mn) business line (USD mn) +1% -8% +1% 893 903 316 125 127 292 +43% 47 33 Q3 2025 Q3 2026 9M 2025 9M 2026 Q3 2025 Q3 2026 9M 2025 9M 2026 1. Grids refers to Enel Distribución Chile S.A. 20
Slide 21: Hydrology outlook
Hydrology outlook Historic Enel Chile hydro generation (TWh) Rainfall in our most relevant basins1 2,200 4,000 2017 9.7 1,800 Cumulated rainfall (mm) 3,000 2018 11.4 1,400 2,000 2019 10.6 1,000 600 2020 9.7 Maule 1,000 Bío-Bío 200 (32% of consolidated Gx) (33% of consolidated Gx) 0 2021 7.7 0 2,200
Slide 22: Commodities and Spot price outlook
Commodities and Spot price outlook Henry Hub (USD/mmBTU) Brent (USD/bbl) API 2 (USD/Ton) 7.5 9M 2026: 3.6 9M 2026: 94.0 9M 2026: 116.6 9M 2025: 3.4 9M 2025: 70.9 9M 2025: 100.6 121 117 4.7 4.4 137 108 127 3.5 3.9 4.0 104 120 120 125 3.2 3.2 3.3 3.1 2.9 3.4 85 114 83 91 110 106 102 3.5 2.8 79 75 3.0
Slide 23: Enel Chile is the largest Utility player in Chile in installed capacity and number of clients
Enel Chile is the largest Utility player in Chile in installed capacity and number of clients 9M 2026 Hydro Solar Wind BESS Geo CCGT O&G Total North Facilities (#) 1 16 7 - 2 1 1 28 Zone Net installed capacity (GW) 0.02 1.8 0.5 - 0.1 0.7 0.2 3.4 Center Facilities (#) 10 22 - 2 - 2 1 37 Zone Net inst
Slide 24: Enel Chile - Networks' business
Enel Chile - Networks’ business Overview Concession area: 9M 2026 End users 9M 2026 Physical energy sales 33 municipalities in the metropolitan region 2% 9% 7% 0.1% 16% 39% 2.2 11.1 mn TWh1 36% 90% Residential Tolls Market share 44% Commercial Industrial & Others in terms of energy sales in 2024 1.
Slide 25: Credit Rating - Enel Chile and Enel Generación Chile
Credit Rating - Enel Chile and Enel Generación Chile International market Chilean market Enel Chile Enel Chile Standard & Poor’s Fitch Ratings Fitch Ratings Feller Rate BBB Stable BBB+ Stable AA+(cl) Stable AA(cl) Stable Enel Generación Enel Generación Standard & Poor’s Fitch Ratings Fitch Ratings F
Slide 26: Organization structure
Organization structure1 Enel Chile shareholders 64.9% 10% 20% 4% Chile 1% Market Cap2 5.9 USD bn 100.0% 93.5% 99.1% 100.0% Green Power Chile Generación Chile Distribución Chile Enel X Chile 65% Pension Funds Enel SpA Institutional Investors Others ADR’s 1. As of September 30, 2026; 2. Market cap as
Slide 27: Management of the Company
Management of the Company G. Palumbo Chief Executive Officer C. Henríquez Procurement S. Conticelli Chief Financial Officer G. Grande ICT Real Estate and C. Navarrete Deputy Chief Financial Officer M. Rinchi General Services L. Sánchez People and Organization M. Pino Security N. Fernández Legal and
Slide 28: Corporate governance structure
Corporate governance structure1 Shareholders’ meeting Audit firm 43% BoD’s composition Board of Directors (7 members) 57% Executive of Enel SpA Independent Directors Committee Functions: Audit committe Sustainability committe Related parties transactions 1. As of September 30, 2026. 28
Slide 29: Board composition
Board composition Board of Directors Board of Directors’ diversity3 Marcelo Castillo Chairman Rodolfo Avogadro Director 43% Gender diversity 57% Salvatore Bernabei Director Male Female Valentina de Cesare Director 14% Directors’ Committee (C) María Teresa Vial1 43% Director Tenure Nationality divers
Slide 30: Policies, principles and codes
Policies, principles and codes Ethics, Integrity, Human Rights, and Diversity • Ethical code • Zero Tolerance Plan for Corruption • Global Compliance Program on Corporate Criminal Liability • Criminal Risk Prevention Model • Compliance Program for Free Competition Regulations • Human Rights Policy •
Slide 31: Glossary
Glossary Term Definition Term Definition AGM Annual General Meeting KPI Key performance indicator ANAC Spanish acronym for National Automotive Association of Chile LNG Liquefied natural gas API2 Coal price reference indicator LTM Last twelve months BESS Battery energy storage system MPC Spanish acro
Slide 32: Contact us
Q3 & 9M 2026 consolidated results Contact us Contacts Email [email protected] Channels – Follow us Herramienta: Youtube » Recursos educativos digitales Forma linkedin, square icon instagram icon facebook, square icon Descripción generada automáticamente con confianza media Isabela Klemes Head of
Slide 33: Disclaimer
Q3 & 9M 2026 consolidated results Disclaimer This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, statements regarding the current expectations, intentions, plans, belief