Enel Chile (ENIC) investor relations material

Executive summary

• Achieved 2025 financial guidance despite challenging conditions, demonstrating resilience and operational flexibility.

• Strategic focus on renewables, electrification, network resilience, and innovative customer solutions aligns with Chile's energy transition.

• Confirmed dividend policy for 2025 and through 2028, reaffirming commitment to financial stability and sustainable value creation.

• CapEx prioritized flexibility, resilience, and digitalization across generation and grids.

• Strategic plan for 2026-2028 targets long-term value creation, risk reduction, and disciplined capital allocation.

Financial highlights

• 2025 EBITDA reached $1,473 million, up 92.7% year-over-year due to extraordinary currency effects; adjusted EBITDA rose 4%.

• Net income for 2025 was $538 million, up 249.7% year-over-year due to functional currency change; adjusted net income down 14%.

• Operating revenues totaled $4,663 million, up 10.4% year-over-year, driven by higher energy sales and gas commercialization.

• Gross debt at year-end 2025 was $3.8 billion, a 2% decrease year-over-year; average cost of debt decreased to 4.9%.

• Liquidity position at year-end: $690 million in committed credit lines and $462 million in cash equivalents.

Outlook and guidance

• 2026-2028 CapEx plan totals $2 billion, with $1.6 billion for generation and $0.5 billion for grids.

• Targeting cumulative EBITDA of $4.5–$4.7 billion for 2026-2028; 2028 EBITDA expected at $1.5–$1.7 billion.

• Net income projected at $0.5–$0.7 billion in 2028, driven by EBITDA growth and new renewable projects.

• Dividend payout policy confirmed at minimum 50% of net income through 2028.

• Plan to add 1 GW of renewable capacity by 2028, reaching nearly 10 GW total installed capacity.