Enel Chile S A : – Corporate Presentation – Junio 2022

Corporate presentation

Enel Chile

June 2022

Market context

Country overview

Main geographic topics1

+757 of land area
thousands	km2
+4.3k	from North to
	Length
kilometers	South

Renewable potential 70x compared to current installed capacity2

+1,180 GW

Solar

+191 GW

Wind

+160 Mton Green Hydrogen Annual production

+160 GW

Marine Energy3

Main demographic topics4

19 Total population million

88 Population in % urban areas

40 Population in

• Metropolitan area

Consumption evolution5

Energy	72 TWh	+32%
~95 TWh
demand	in 2020
	in 2030

Consumption per capita6

3.3 MWh 4.3 MWh

2009 +30% 2019

1. MWh Consumption per capita in Europe as of 20196

1. MWh Consumption per capita in LATAM as of 20196

Net ZERO: the unavoidable journey for Chile

	Renewable
50% capacity
	as of 20207
	Target renewable
	generation
80% by 2030
	by 2050
0%	Coal Power plants
by 2040

1. Source: Government webpage: https://www.gob.cl/nuestro-pais/; 2. Source: Ministry of Energy (Hydrogen Strategy presentation,

2

Nov/20); 3. Inter-American Development Bank; 4. Source: National Institute of Statistics as of 2020; 5. Source: National Electric Power Coordinator, PNCP Final Technical Report, July 2021; 6. International Energy Agency; 7. Association Generadoras de Chile

Regulatory framework evolution:

Main updates and discussion in the short-term

Networks tariff review

Basic Services Law

New Law for regularization of

Basic Services debt

Transmission

2020-23

Period review

Distribution

2020-24

Period review

Apr 21	Aug 21	Dec 21	H2 22
Consultant	Regulator	Expert	Tariffs
report	technical	panel	decree

report

7% Returns

(real terms post tax)

Process still ongoing

Jun 22

Consultant	Regulator	Expert	Tariffs
report	technical	panel	decree
	report

6% Returns

(real terms post tax)

Total residential clients overdue in

Enel Distribución

Mar-21Dec-21Mar-22

# ('000)	584	862	621
clients
overdue
Overdue debt		-1%
(USD mn)1

228 224

170

Q1 2021 FY 2021 Q1 2022

Client consumption

<250	Government
subsidies up to
kWh/month	15% of average
>250	bill
Customers to
kWh/month	pay debts
(no subsidies)

Energy cut in case of non-

payment

3

1. Comparisons between periods are made using the exchange rate at the end of the period 786.93 CLP/USD

Regulatory framework evolution:

Main updates and discussion in the short-term

Electricity Price Stabilization

Mechanism

USD

1,350	Generation
companies' accruals
mn
(cap)
Q2	Forecasted period by
2022	CNE in which the fund
shall reach 1,350 USD
	mn
2027	Balance recovery
(at latest)

Factoring of trade account

receivables (USD mn)

			Enel Chile
	Total market	Enel Chile	Factorized
	amount	amount 1	amount 1
Decree N° 1	350.1	150.3	86.5
Decree N° 2	387.2	145.2	93.3
Decree N° 3	114.0	39.8	46.5
Decree N° 4	87.2	32.5	19.5
Total	938.5	367.8	245.8

New project for transitory energy tariff stabilization mechanism (MPC)

Client consumption during 2022 2

≤350	Stabilized tariff
adjusted by
kWh/month	Chilean CPI
>350 to	Stabilized tariff
≤500	adjusted by
kWh/month	Chilean CPI +
10%
>500	Stabilized tariff
kWh/month	adjusted by
Chilean CPI +
	15%

4

1. Nominal amounts, including Enel Generación Chile and EGP Chile trade account receivables.
2. From 2023 until 2032: <350 kWh: stabilized tariff + Chilean CPI + 5%; from 350 to 500 kWh: stabilized tariff + Chilean CPI + 15%; >500kWh: base price ("precio nudo").