Aguas Andinas (AGUAS) investor relations material

Executive summary

• Revenue grew 6.6% year-over-year to CLP 386,383 million, driven by higher average tariffs and increased consumption.

• EBITDA rose 7.5% to CLP 200,885 million, reflecting tariff adjustments, cost efficiencies, and maintaining a margin above 52%.

• Net income increased 2.3% to CLP 77,526 million, supported by EBITDA growth but partially offset by higher depreciation, financial costs, and tax expenses.

• Major investments focused on water security, operational resilience, and sustainability, totaling CLP 91,614 million.

Financial highlights

• Revenue: CLP 386,383 million (+6.6% YoY); EBITDA: CLP 200,885 million (+7.5% YoY); Net income: CLP 77,526 million (+2.3% YoY).

• Operating income grew 7.9% year-over-year to CLP 155,957 million.

• EBITDA margin improved to 52.0% from 51.6% a year earlier.

• Strong cash generation with operating cash flow of CLP 203,373 million (+CLP 28,198 million YoY).

• Free cash flow declined to CLP 79,295 million due to higher Capex.

Outlook and guidance

• The National Reconstruction Bill in Chile proposes a gradual reduction in the corporate income tax rate from 27% to 23%.

• Tariff increases approved for 2025–2030, with further adjustments linked to inflation and new projects.

• Investment plan aligned with Biociudad strategy, focusing on climate change mitigation and infrastructure renewal.

• International outlook remains uncertain due to geopolitical tensions in the Middle East.

• Continued monitoring of geopolitical and climate risks, with contingency plans for drought and adverse weather.