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    Rodrigo Mora • Moneda Asset Management

    Rodrigo Mora's questions to Enel Chile SA (ENIC) leadership

    Rodrigo Mora's questions to Enel Chile SA (ENIC) leadership • Q2 2025

    Question

    Rodrigo Mora of Moneda Asset Management asked for more details on the announced BESS program, an update on wind farm projects, a breakdown of the incentivized retirement plan costs, and an explanation for lower generation from certain renewable assets.

    Answer

    CEO Gianluca Palumbo detailed the BESS investment as approximately $400 million for 453 MW (4-hour duration) with a 2027 COD, and noted wind projects have a later COD. CFO Simone Conticelli explained the retirement plan costs were split between generation and distribution. He added that lower solar output was due to anticipated maintenance (covered by insurance) and lower geothermal output was due to natural well evolution, with an intervention planned by year-end.

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    Rodrigo Mora's questions to Enel Chile SA (ENIC) leadership • Q2 2025

    Question

    Rodrigo Mora of Moneda Asset Management requested more details on the announced BESS program, including battery duration and schedule, and asked for an update on the new wind farm projects from the strategic plan. He also asked about the retirement plan and underperforming renewable assets.

    Answer

    CEO Gianluca Palumbo detailed a ~$400M investment in 453 MW of 4-hour BESS projects with a 2027 COD, noting wind projects have a later timeline. CFO Simone Conticelli added that the retirement plan impacts all segments and that lower renewable output was due to insured maintenance (solar) and a natural well evolution (geothermal) with a fix planned.

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    Rodrigo Mora's questions to Enel Chile SA (ENIC) leadership • Q1 2025

    Question

    Rodrigo Mora of Moneda Asset Management questioned the terms of Argentinian gas contracts, the EBITDA outlook for the distribution business, and the status of a potential sale of solar assets.

    Answer

    CEO Giuseppe Turchiarelli confirmed that 2025 gas contracts include take-or-pay clauses that have been easily met. CFO Simone Conticelli reaffirmed the cumulative 2025-2027 EBITDA guidance for Enel Distribution remains between $0.4 billion and $0.5 billion. Regarding asset sales, Turchiarelli noted that while the company constantly evaluates opportunities to rotate assets, there was no specific news to announce at the time.

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