Enel Amricas Q1 2020 Consolidated results May, 4 th 2020 Amricas - PowerPoint PPT Presentation

Enel Américas Q1 2020 Consolidated results May, 4 th 2020 Américas

Key highlights of the period Américas Enel Américas has implemented early measures to prevent COVID-19 and is periodically monitoring the situation to ensure its operational activities EBITDA of US$ 848 mn, a decrease of 7% vs same period 2019 Net of Fx impact EBITDA would have increased by 9% mainly driven by better results in Colombia Group net income reached US$ 208 mn, an increase of 2% vs 1Q 2019, mainly due to lower financial expenses related to lower debt in Enel Brasil after the capital increase that allowed to pay the debt for Enel Dx Sao Paulo acquisition The company is well prepared to face potential working capital needs in the following months 1.Ratio Net debt to EBITDA below 1.0x and available liquidity for more than US$ 2.5 bn 2.Risk agencies reaffirmed rating In January Enel Américas was recognized with Bronze Class for being part of the ranking of the industry's top performing companies according to the score on SAM’s annual Corporate Sustainability Assessment. 2

COVID-19 Swift response to face the challenges of the emergency Américas Our people Our clients 8,660 are working remotely, around 50% of our Increased focus on digitalisation and collection total workforce through digital channels  Revamping of websites to ease the client 100% of workers that can work remotely are experience and centralize COVID-related doing so information  Communication through a variety of Security measures to ensure the safety of channels (email, SMS, app) workforce on the field  Focus on apps as a payment channel Américas ’ Insurance policy for all Enel  Periodical monitoring of cash and payment employees Self-reading of energy meters for residential  Implemented worldwide by the Group and small business customers in some  First ever of its kind in the world countries  Cash allowance for hospitalized employees 3

COVID-19 Constant monitoring of operations and support of stakeholders Américas Our operations Our stakeholders Infrastructure is fully operational on all Donations by our subsidiaries to combat geographies COVID-19  Enel Argentina increased the electrical  Reinforcement of critical infrastructure as a power of six health centers and installed key concern for the company electrical generators to cover the possible demand of the new field hospitals Faster emergency response to ensure the  Enel Brasil asigns BRL 23.4 mn to support continuity of service health institutions and preventive measures in communities Reinforcement of security protocols and COVID-  Enel 19 measures Colombia assigns USD 1 mn to support varied iniciatives during the Notification of force majeure clause as a emergency preventive measure and negotiation with  Enel Peru set up a fund of PEN 2.2 mn to suppliers to mitigate the impact of the current purchase medical materials, PPE and basic scenario goods 4

COVID-19 Governments measures: general and for the electric utilities sector Américas Argentina • Mandatory quarantine extended until May 10 th • Closing of commercial offices ; only personnel needed for the continuity of service of the network can be mobilized • Limits suspensions of basic services for 180 days for users with social tariffs or subsidies • Quarantine is not mandatory at a country level . Sao Paulo has declared a mandatory quarantine until May 10 th • Normative Resolution No. 878/2020: Prohibits suspension of supply for a 90 days period , with measures to preserve the provision of the Brazil public electricity distribution service. • Provisional Measure No. 950/2020  Increases to 100% the discount to consumers benefited by the Social Rate (with a consumption of up to 220 KW / month)  Allocating CDE resources to cover this measure , as well as to allow the financial resources to be taken by CDE to face the impacts on the electricity sector resulting from the COVID-19 pandemic. Colombia • Mandatory quarantine extended until May 11 th • Liquidity line for companies , voluntary contribution and transfer of non-reconciled values of subsidies by the MME. • Transitional measures for payment of energy bills: Definition of a payment period of 36 months for social stratum 1 and 2, 24 months for social stratum 3 and 4, and for other regulated users as agreed between the parties (with the regulator acting as mediator). Mandatory quarantine extended until May 10 th (national state of emergency, restricting mobility of all citizens except those working on essential • Peru activities). • Postponement of payments of contributions to Osinergmin (regulatory agency) up to the last day of April 2020. • MINEM required all electricity companies to present their Contingency Plan . 5

Industrial growth: Gross CAPEX (US$ mn) Américas Net of Fx effect CAPEX increased more than 10% Total CAPEX by nature Total CAPEX by business 4 Total CAPEX by country 1% 2% 3% 10% 7% 10% 11% 6% 34% 19% 301 301 301 44% (-6.6% YoY) (-6.6% YoY) (-6.6% YoY) 22% 79% 87% 60% Thermal generation Renewables 1 2 3 Argentina Brazil Colombia Peru Asset management Asset development Customers Distribution Retail Enel X ~94% of total CAPEX SDGs related 1. CAPEX related to investments for recurring asset maintenance. 2. Growth investments in generation and networks (quality programs & smart metering) 3. CAPEX related to customers (Retail, Enel X (e-Home, e- Industries), Network connections). 4. Thermal generation business’ includes trading business. 6

ESG embedded in our business strategy Américas Engaging local communities I&N, sustainable cities and cyber securities (mn of beneficiaries) 2015- I Q 2020 E 1 I Q 2020 High-quality, inclusive and fair education 0.5 589 Charging points 2 390 Smart lighting points (k) Access to affordable and clean energy 2 4.3 24% Cabling ratio Web app with cyber security solutions 100% Employment and sustainable and 0.5 inclusive economic growth Climate change I Q 2020 Emission free production as % of total 58% generation in MWh 1. Cumulated data and targets from 2015. Million of beneficiaries. Estimated value 2. Public and private charging stations. 7

Q1 2020 Financial results

Financial highlights (US$ mn) Américas Negative Fx impact due to higher market volatility during the period ∆ YoY Q1 2020 Q1 2019 Reported EBITDA 909 848 - 6.7% Sound operational performance offset by Fx depreciation in most countries Adjusted EBITDA 1 909 995 + 9.5% Lower financial expenses related to Total net income 316 310 - 2.0% lower debt in Enel Brasil Reported Group net income 2 208 204 + 1.6% Lower taxes as a consequence of a lower earnings during the period FFO 68 127 + 86.8% Lower net debt in USD due to 4,287 - 11.4% currency depreciation Net debt (Q1 2020 vs FY 2019) 3,797 1. Excludes Fx impact (- US$ 147 mn) 2. Attributable net income to controller shareholders. 9

EBITDA breakdown (US$ mn) Américas In operational terms Renewables and Distribution businesses significantly increased EBITDA by business EBITDA evolution 1% - 7% 6% 11% 55 5 47 909 (4) 848 (138) 848 (25) (-7% YoY) 32% 49% 2 Thermal generation Renewables Distribution Retail Thermal 2 3 Enel X Fx & Others Q1 2019 Q1 2020 1Q 2019 Generation Renewables Distribution Retail Enel X Fx impact 1Q 2020 1 generation ~90% zero direct emissions in our activities Brazil and Colombia represent almost ~80% of the total EBITDA Thermal generation business’ includes trading business. 1. 2. Large hydro 10 3. Fx effect: US$ -147 mn. Services & Others: US$ 9 mn

Generation operating highlights Américas Lower trading activities compared to the previous year Installed capacity (MW) Net production (TWh) Energy sales (TWh) + 0.1% + 3% - 9% 10.6 10.4 11,269 11,253 18.2 16.6 3.9 3.7 2,701 2,701 Hydro 0.2 0.4 2,079 2,090 0.3 CCGTs 0.3 224 225 Oil-gas 6,249 6.2 6,253 6.0 Coal 6,249 6,253 1Q 2019 1Q 2020 1Q 2019 1Q 2020 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Q1 2019 Q1 2020 Renewable energy represents 55% of total installed capacity 11

Distribution operating highlights Américas Distributed energy in line with the previous year Distributed Energy (TWh) 1 End users (mn) Quality indicators SAIDI SAIFI - 1% (hours) (times) + 1% 30.2 30.5 6.9 25.4 2.8 25.2 12.5 6.9 8.7 2.8 7.8 11.2 6.9 4.4 5.7 23.8 3.2 10.7 19.8 9.1 11.7 13.2 4.9 5.5 14.4 11.4 8.1 7.0 24.0 20.0 7.2 5.6 2 Q1 2019 Q1 2019 Q1 2020 Q1 2019 Q1 2020 1Q 2019 Q1 2020 1Q 2020 Q1 2019 Q1 2020 1Q 2019 1Q 2020 1Q 2019 1Q 2020 Enel Dx Río Enel Dx Perú Edesur Enel Dx Goiás Enel Codensa Enel Dx Sao Paulo Enel Dx Ceará Significant quality improvements in all the countries 1. Non-billable consumptions are not included. 12 2. +730 th. additional clients compare to the number reported in March 2019 due to a new methodology applied since 2020.