Beatrice Gianola's questions to Enel Chile SA (ENIC) leadership • Q1 2025
Question
Beatrice Gianola of Mediobanca inquired about the hydrology outlook for 2025, the expected recovery of factoring receivables, updates on the distribution regulatory framework, and management's confidence in the 2025 guidance.
Answer
CEO Giuseppe Turchiarelli confirmed the 10.7 TWh hydro generation target for 2025 remains valid and stated the consultant's report on the new VAD cycle is expected next quarter. CFO Simone Conticelli detailed that of a ~$500 million credit, $260 million was already received via factoring, with more expected. Both executives affirmed their confidence in achieving the 2025 guidance, with Conticelli adding that Q1 grid EBITDA already reflects provisions for higher remuneration.