Aguas Andinas (AGUAS) Corporate presentation summary

Company overview and market position

• Provides drinking water, sewerage, and wastewater treatment to about 8 million people, with 100% coverage in concession areas and a 40% market share in Chile.

• Operates 22 drinking water plants, 17 wastewater treatment plants, and manages over 13,500 km of water network.

• Holds an international credit rating of A- (S&P) and local rating of AA+ (Fitch, ICR).

• Main shareholder is Inversiones Aguas Metropolitanas S.A. (IAM) with 50.10% ownership; Veolia is the controlling group.

• Listed on the Santiago Stock Exchange and part of the IPSA index.

Regulatory framework and tariff process

• Operates under a stable regulatory environment with perpetual concession and regulated tariffs set every five years.

• Tariffs are indexed to inflation and other economic indicators, with a minimum real return on assets of 7% after taxes.

• The eighth tariff process (2025–2030) includes scheduled increases: +3% from March 2025, +1% from December 2025, and +1% from March 2026.

• Additional tariffs linked to specific infrastructure projects and drought mitigation measures.

Investment strategy and flagship projects

• Major investments for 2025–2030 focus on drought resilience, alternative water sources, and circular economy initiatives.

• Biociudad projects include new wells, alternative catchments, and infrastructure to address climate change impacts.

• Flagship projects such as deodorization, thermal hydrolysis, and sludge drying at biofactories are included in tariff indexation.