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    Florencia Mallorca • METRI

    Florencia Mallorca's questions to Enel Chile SA (ENIC) leadership

    Florencia Mallorca's questions to Enel Chile SA (ENIC) leadership • Q2 2025

    Question

    Florencia Mallorca of METRI asked about the primary reasons for increased energy losses in the distribution business, the sustainability of gas trading profits, and the company's plans for addressing its 2027-2028 bond maturities.

    Answer

    CEO Gianluca Palumbo explained that higher energy losses were due to increased electricity prices leading to more energy theft, recent climate events, and changes in customer habits. He confirmed the 2025 gas trading margin guidance of $80-90 million, noting that while surplus gas sales could be sustainable, profitability will depend on market conditions. CFO Simone Conticelli added that it is too early to detail plans for the 2027-2028 bonds but the company continuously evaluates liability management options.

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    Florencia Mallorca's questions to Enel Chile SA (ENIC) leadership • Q2 2025

    Question

    Florencia Mallorca of METRI inquired about the primary reasons for increased energy losses in the distribution business and the sustainability of higher gas sales from the generation segment.

    Answer

    CEO Gianluca Palumbo attributed distribution losses to higher electricity prices causing more energy theft, climate events, and changes in customer habits, noting mitigation efforts are underway. He also confirmed a 2025 gas trading margin guidance of $80-90 million, stating that surplus gas sales could be sustainable but profitability will depend on market conditions.

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