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    Andrew McCarthy • LarrainVial

    Andrew McCarthy's questions to Enel Chile SA (ENIC) leadership

    Andrew McCarthy's questions to Enel Chile SA (ENIC) leadership • Q1 2025

    Question

    Andrew McCarthy of LarrainVial asked about the economic impact of recovering outstanding debt from the delayed 2020-2024 VAD decree and whether the new grid resilience program would affect prior CapEx or EBITDA targets.

    Answer

    CEO Giuseppe Turchiarelli clarified that recovering the VAD debt has a cash impact, not an economic one, as provisions were already made. He anticipates recovering approximately $50 million over the next 18-24 months. He also reiterated that the resilience program's CapEx was already factored into the 2025-2027 strategic plan and it is too early to quantify a specific EBITDA impact.

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    Andrew McCarthy's questions to Enel Chile SA (ENIC) leadership • Q4 2024

    Question

    Andrew McCarthy inquired about potential impacts from a recent power outage and sought details on gas commercialization opportunities, including the size, price, and terms of recent contracts with Argentina.

    Answer

    CEO Giuseppe Turchiarelli addressed the gas question, revealing that Enel traded ~6 TBTU of surplus volume in February 2025 and has contracted ~30 TBTU of Argentinean gas for the year at a price lower than the 2024 price of $8/MMBTU. He noted it was too early to comment on impacts from the power outage, which is under investigation.

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