Enel Américas Q3 2021 Results Presentation
Transcript of Enel Américas Q3 2021 Results Presentation
Américas
Third Quarter
Consolidated results
October 27th, 2021
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
Américas
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%
∆%
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%
Américas
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
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%
Américas
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%
7
Américas
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.
8
Américas
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%
Américas
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)
10
Américas
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
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
Américas
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
Américas
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
14
Américas
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%
Américas
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
16
Américas
Third Quarter
Annexes
Américas
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.
18
Américas
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)
Américas
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 - - - - - -
20
Américas
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%
Américas
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
Américas
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
($US/MWh)N.A. N.A. - - - - N.A. N.A. -
Energy losses
(%) - - - 18.4% 18.4% - - - -
Customers (Th) - - - 2,502 2,538 1% 2,502 2,538 1%
Total2
Generation1
Networks1
Américas
Q3 2020 Q3 2021 % Q3 2020 Q3 2021 % Q3 2020 Q3 2021 %
Revenues 151 1,012 568% 1,607 2,595 61% 1,693 3,519 108%
OPEX -7 -31 367% -180 -179 -1% -197 -225 14%
EBITDA 59 182 208% 240 335 39% 291 505 74%
Net Income 38 64 69% 40 65 61% 57 102 80%
Gross Capex 3 192 6803% 216 336 56% 218 529 142%
Net Production
(GWh)1,578 3,657 132% - - - 1,578 3,657 132%
Energy Sales
(GWh)12,112 18,853 56% 57,089 60,026 5% - - -
Av. Spot Price
($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
24
Américas
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
($US/MWh)42 27 -36% - - - 42 27 -36%
Energy losses
(%) - - - 7.5% 7.6% - - - -
Customers (Th) - - - 3,589 3,686 3% 3,589 3,686 3%
Networks1
Generation1
Total2
Américas
Peru (US$ 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
($US/MWh)11 27 141% - - - 11 27 141%
Energy losses
(%) - - - 8.7% 8.4% - - - -
Customers (Th) - - - 1,443 1,481 3% 1,443 1,481 3%
Total2
Generation1
Networks1
Américas
Central America (US$ 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
($US/MWh)- - -
Energy losses
(%)- - -
Customers (Th) - - -
Central America
Américas
Liquidity (US$ 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
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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
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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%
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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
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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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