Enel Américas (ENELAM) Corporate presentation summary

Financial performance and highlights

• FY 2024 EBITDA remained flat at $3.7 bn, with net income reaching a record $2.6 bn, mainly due to the sale of Peruvian assets and resilient operations despite FX headwinds and extreme weather events.

• CAPEX for 2024 totaled $2.1 bn, with a 16% YoY increase in Grids investments, primarily in Brazil and Argentina.

• Net debt decreased significantly to $2.1 bn by year-end, driven by asset sales and liability management, with a net debt/EBITDA ratio of 0.6x.

• Dividend payout for 2024 is set at $0.8 bn, reflecting a 30% payout policy and the highest net income on record.

Strategic plan and investment focus

• 2025-2027 CAPEX plan totals $7.5 bn, a 35% increase over the previous plan, with 82% allocated to Grids and a selective approach to renewables.

• Grid investments target modernization, resilience, and quality, with a focus on countries with transparent regulatory frameworks and visible returns.

• Renewable capacity expansion is prioritized in Colombia, with a coal phase-out by 2027 and 0.5 GW of projects in execution.

• EBITDA is projected to grow 46% by 2027, reaching $5.4 bn, driven by grid performance, renewables, and financial flexibility.

Operational and market environment

• Extreme weather events and climate volatility in 2023-2024 highlighted the need for increased grid resilience and investment.

• Latin America presents strong growth potential, with rising electricity demand and high renewables penetration supporting grid and generation expansion.

• Regulatory developments in Brazil, Argentina, and Colombia are expected to provide greater returns visibility and support ongoing investments.