Engie Energia Chile (ECL) investor relations material

Executive summary

• Delivered strong financial and operational results in the first nine months of 2025, with EBITDA reaching $521 million, up 23% year-over-year, and net income at $209 million, supported by renewables and storage expansion.

• Maintained high asset availability and continued transformation of the generation portfolio, with coal capacity declining and renewables plus batteries rising to 44% of total capacity as of September 2025.

• Accelerated investments in renewables and BESS, with 1.4 GW operational and 1.2 GW under construction, supporting the energy transition strategy.

• Operating revenues for 9M25 were $1,598.2 million, up 16% year-over-year, driven by higher energy and capacity sales.

• Q3 2025 EBITDA was $159 million, up 23% year-over-year, though net income for the quarter fell 55% due to higher deferred tax expenses.

Financial highlights

• EBITDA for 9M25 reached $521 million, up $97–98 million year-over-year, driven by higher electricity margin, regulated demand, tariffs, and arbitration awards.

• Net income totaled $209 million for 9M25, a 4% increase year-over-year, supported by strong operations and lower financial expenses.

• EBITDA margin improved to 33% (up 2 percentage points year-over-year); Q3 2025 EBITDA margin was 31.8%.

• Net financial debt as of September 2025 was $2.1–2.2 billion; net debt/EBITDA at 3.37–3.4x.

• CapEx for 9M25 was $604–604.4 million, with full-year guidance of $900–$975 million.

Outlook and guidance

• Full-year 2025 guidance confirmed: EBITDA $650–$700 million, CapEx $900–$975 million, net debt/EBITDA 3.3x.

• Guidance assumes stable fuel costs, increased renewable generation, new storage projects, and proceeds from LNG arbitration.

• No formal 2026 guidance, but expectations are for continued strong performance as new assets ramp up.