Enel Américas (ENELAM) Corporate presentation summary

Financial performance and capital allocation

• EBITDA grew from $3.7 bn in 2024 to a projected $5.4 bn in 2027, driven by grid investments and renewables expansion.

• Net income increased from $0.9 bn in 2024 to $2.6 bn, with a stable net debt/EBITDA ratio around 0.6–0.7x.

• CAPEX for 2025–27 is set at $7.5 bn, a 35% increase over the previous plan, with 82% allocated to grids.

• Dividend policy maintains a 30% payout of net income, with positive dividend evolution after asset disposals.

• Share buyback program repurchased 4% of shares, optimizing capital structure and increasing DPS for remaining shareholders.

Strategic priorities and operational focus

• Strategic pillars emphasize profitability, flexibility, resilience, efficiency, and sustainability.

• Grid investments focus on modernization, digitalization, and resilience to climate events, especially in Brazil and Colombia.

• Renewables expansion includes coal phase-out in Colombia by 2027 and 0.5 GW of new projects in execution.

• Operational KPIs show improvements in grid quality (SAIDI, SAIFI) and increased deployment of smart meters.

• Regulatory advocacy ongoing for concession renewals and tariff reviews in key markets.

Market environment and growth opportunities

• Latin America shows strong growth potential with rising electricity demand and high renewables penetration.

• Extreme weather and climate volatility drive the need for resilient infrastructure and risk mitigation.

• Focus on countries with transparent regulatory frameworks to maximize returns and investment visibility.

• Grids remain the backbone of operations, with 75% of CAPEX in Brazil and Colombia.

• Financial flexibility supports both growth investments and shareholder returns.