First quarter Enel Chile Consolidated Results Presentation April 30th, 2025 Giuseppe Turchiarelli CEO Key highlights of the period Portfolio management Los Cóndores hydropower plant started commercial operation in February 2025 Resilience program designed to strengthen grid infrastructure for potential climatic events Country and Regulatory context VAD 2020-24 Decree published in April 2025 261 USD mn2 received from PEC's factoring in April 2025 Final dividend approved by the 2025 AGM, ~3.34 CLP/share3 1. S ...

Enel Chile (ENIC) Q1 2025 Earnings Call April 30, 2025 12:00 PM ET Company Participants Isabela Klemes - Head - Investor RelationsGiuseppe Turchiarelli - Chief Executive OfficerSimone Conticelli - Chief Financial Officer Conference Call Participants Martín Arancet - Equity & Credit Research Analyst Operator Good afternoon, ladies and gentlemen, and welcome to Enochila's First Quarter twenty twenty five Results Conference Call. My name is Victor, and I'll be your operator for today. At this time, all partici ...

Financial Data and Key Metrics Changes - Enel Chile reported a net income of $175 million for Q1 2025, reflecting an 11% increase compared to the previous year [22] - The company's EBITDA for the quarter reached $365 million, showing a positive variation driven by improved energy distribution receivables [24] - The gross debt increased by 2% to $4 billion, with an average cost of debt remaining competitive at 4.9% [25][26] Business Line Data and Key Metrics Changes - Net electricity generation totaled 5.6 terawatt hours, an 8% decrease compared to 2024, primarily due to lower hydro and renewable generation [11] - Energy sales amounted to 7.7 terawatt hours, marking a 9% reduction from the previous year, attributed to lower sales to regulated customers [12] - The company achieved a total net installed capacity of 8.9 gigawatts, with 28% from renewable energy sources and battery energy storage systems [10] Market Data and Key Metrics Changes - The regulatory framework is undergoing significant updates, with expectations for changes in electricity subsidies and ancillary services [13][14] - The VAD 2020-2024 decree was published in April 2025, enabling recovery of outstanding balances from the tariff cycle [16][17] Company Strategy and Development Direction - Enel Chile is focused on strengthening grid infrastructure through a resilience program in response to increasing climate risks [8] - The company aims to modernize the regulatory framework to enhance asset rate resilience and promote innovation and efficiency [27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strategic objectives despite a challenging environment, emphasizing the importance of a diversified business model [27] - The company remains committed to advocating for comprehensive distribution reform and modernization of the regulatory framework [27] Other Important Information - The final dividend for the 2024 fiscal year was approved at approximately 4.24 Chilean pesos per share [10] - The company is in a comfortable liquidity position with $640 million in committed lines and $460 million in cash equivalents [26] Q&A Session Summary Question: Additional details on the resilience program for distribution - Management confirmed that the resilience program includes investments in grid quality and digitalization, with increased CapEx compared to the previous year [34][35] Question: CapEx guidance for 2025 - The company maintains the $800 million CapEx guidance for 2025, with most investments expected in the second half of the year [40][41] Question: Impact of new regulatory changes - Management indicated it is too early to assess the financial impact of new regulatory changes, but they expect some benefits from improved rules for ancillary services [45][46] Question: Hydrology expectations for 2025 - The target of 10.7 terawatt hours for hydrology in 2025 remains valid, with further clarity expected by mid-year [56][57] Question: Economic impact of the resilient program - The CapEx for the resilience program is included in the last industrial plan, but estimating its impact on EBITDA is challenging at this stage [66] Question: Gas supply contracts with Argentina - Enel Chile's current gas contracts with Argentina include take-or-pay clauses, ensuring no issues are expected for the remainder of the year [71] Question: Expired regulated contracts - The expired regulated contracts were related to a tender process from 2013, which had prices indexed to commodities [79]

Core Viewpoint - Enel Chile has filed its 2024 annual report on Form 20-F with the United States Securities and Exchange Commission, highlighting its operations in the electricity generation, distribution, and services sectors in Chile [1]. Group 1: Company Overview - Enel Chile operates as an integrated utility company involved in electricity generation, distribution, and services through various subsidiaries and affiliates [1]. - The subsidiaries include Enel Generación Chile S.A., Enel Green Power Chile S.A., Enel Distribución Chile S.A., and Enel X Chile SpA, indicating a diversified approach within the energy sector [1]. Group 2: Report Availability - The 2024 annual report is accessible on Enel Chile's official website in the Investor Relations section and can also be downloaded from the SEC's website [2]. - Hard copies of the 2024 Form 20-F will be available for shareholders free of charge upon request, ensuring transparency and accessibility for investors [2].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April, 2025. Commission File Number: 001-37723 Enel Chile S.A. (Translation of Registrant's Name into English) Santa Rosa 76 Santiago, Chile (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form ...

Debt Management - As of December 31, 2024, the total outstanding debt amounts to 3,914,828 million Ch$ with a fair value of 3,878,336 million Ch$[672] - 89% of the total outstanding debt had fixed interest rates, while 11% was subject to variable interest rates as of December 31, 2024[679] - The weighted average interest rate for fixed-rate debt is 4.6%, and for variable-rate debt, it is 5.3% as of December 31, 2024[672] - The total fixed-rate debt as of December 31, 2024, is 2,998,702 million Ch$ with a fair value of 2,944,801 million Ch$[672] - The company plans to manage interest rate risk using derivatives to minimize the average cost of debt and reduce financial volatility[678] Risk Management - The company held hedges for 551 kBbl of Brent oil purchases and 217 kBbl of sales to be settled as of December 31, 2023[671] - The company has a commercial policy to mitigate risks during extreme drought conditions, aligning sale commitments with generation capacity[667] - The company continually evaluates hedging strategies to mitigate the impact of commodity price volatility on profits[669] - The carrying value of financial instruments hedging foreign exchange risk totals 235,894 million Ch$ with a fair value of (1,215) million Ch$ as of December 31, 2024[686] - As of December 31, 2023, the total carrying value of financial instruments hedging foreign exchange risk for interest-bearing debt is Ch$405,564 million, with a fair value of Ch$12,131 million[689] - The expected maturity dates for the hedging instruments are primarily in 2024 (Ch$338,337 million) and 2025 (Ch$67,227 million) with no amounts due in subsequent years[689] - The fair value of hedging instruments was calculated based on discounted future cash flows, reflecting current discount rates and associated risks[689] Currency Transition - The company transitioned its functional currency from Chilean peso to U.S. dollar effective January 1, 2025[685] - Effective January 1, 2025, the company will change its functional currency to the U.S. dollar[690] Forward-Looking Information - The company has provided a safe harbor statement regarding forward-looking information in its market risk disclosures[691]

Company Overview - Enel Chile (ENIC) is headquartered in Santiago and operates in the Utilities sector, with a price change of 14.93% year-to-date [3] - The company currently pays a dividend of $0.04 per share, resulting in a dividend yield of 6.76%, significantly higher than the Utility - Electric Power industry's yield of 3.22% and the S&P 500's yield of 1.54% [3] Dividend Performance - Enel Chile's annualized dividend of $0.22 has increased by 5.8% from the previous year, with an average annual increase of 79.14% over the last five years [4] - The current payout ratio is 34%, indicating that the company paid out 34% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, Enel Chile anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 at $0.34 per share, reflecting an expected increase of 183.33% from the previous year [5] Investment Appeal - Enel Chile is considered a compelling investment opportunity due to its attractive dividend yield and strong Zacks Rank of 2 (Buy), making it appealing for income investors [7]

Financial Data and Key Metrics Changes - The hydro portfolio saw a 12% increase in generation compared to the previous year, attributed to higher reservoir levels and favorable weather conditions [9][15] - Adjusted EBITDA for 2024 reached $1.421 billion, reflecting a $320 million increase from 2023, driven by improved energy sales and pricing [58][45] - Net income for 2024 amounted to $622 million, a 22% increase from the previous year, primarily due to the improved EBITDA [61] Business Line Data and Key Metrics Changes - Net electricity generation totaled 24.6 terawatt hours in 2024, exceeding 2023 production by 2%, mainly due to higher hydro and renewable generation [22] - Energy sales increased by 8% to 33.4 terawatt hours in 2024, driven by higher sales to both regulated and free clients [23] - The distribution business faced a $20 million fine due to service disruptions from extreme weather events, impacting financial results [27][57] Market Data and Key Metrics Changes - The average residential consumer in Santiago experienced a 12% increase in regulated tariffs, influenced by the integration of a client protection mechanism [38] - The company secured contracts with Argentinean natural gas providers for 2025, enhancing supply stability [16] Company Strategy and Development Direction - The company aims to diversify its portfolio by increasing exposure to battery energy storage and renewable projects, with a focus on hybrid projects [18][95] - A dual sourcing strategy for natural gas is in place to ensure security of supply and flexibility in trading opportunities [17] - The company is advocating for regulatory reforms to enhance asset resilience and optimize the value of its distribution network [35][73] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a volatile environment and capitalize on new opportunities [72] - The company is preparing for future climate events and has implemented measures to improve response to such occurrences [30][34] - The regulatory framework is expected to evolve, potentially improving remuneration rates and incentives for resilience [36][37] Other Important Information - The company changed its functional currency in Q4 2024, resulting in a non-cash impact of $657 million at the EBITDA level [12][49] - A voluntary compensation agreement of approximately $80 million was established for customers affected by power outages [29] Q&A Session Summary Question: Regarding the recent blackout in Chile, will distribution companies be liable for penalties? - Management clarified that the blackout was caused by the transmission system, and the distribution company is not liable for penalties [82] Question: Is the hydro output assumption for 2025 conservative? - Management stated that the assumption is based on a 10-year average to account for hydrology volatility, and further updates will be provided in May or June [84] Question: What is the strategy for battery projects? - The company confirmed that the batteries are hybrid, integrated with renewable projects, and expects double-digit IRR on battery projects [85] Question: What is the status of the $20 million fine and potential revocation of the concession? - Management indicated that the revocation process has not started, and no notification has been received regarding the concession [92] Question: What is the CapEx plan for 2025? - The company plans to invest approximately $800 million in 2025, focusing on new battery energy storage projects [103] Question: What is the expected additional renewable capacity in 2025? - New projects are expected to come online in the second half of 2025, with no specific delays anticipated [113]

Group 1 - The core investment strategy focuses on long-only investment, evaluating companies from an operational and buy-and-hold perspective, rather than market-driven dynamics [1] - The articles emphasize understanding the long-term earnings power of companies and the competitive dynamics within their industries [1] - The majority of recommendations will be holds, indicating a cautious approach to market conditions, with only a small fraction of companies deemed suitable for purchase at any given time [1] Group 2 - The articles aim to provide valuable information for future investors and introduce a healthy skepticism towards a generally bullish market [1] - There is a clear distinction made between the author's opinions and professional investment advice, highlighting the importance of conducting due diligence [2][3]

Core Viewpoint - ENEL CHILE SA (ENIC) is identified as a strong value stock currently, with favorable valuation metrics indicating it may be undervalued in the market [4][7]. Valuation Metrics - ENIC has a P/E ratio of 8.47, significantly lower than the industry average of 15 [4]. - The stock's Forward P/E has fluctuated between 7.96 and 12.84 over the past year, with a median of 11.10 [4]. - The P/S ratio for ENIC is 0.82, compared to the industry's average P/S of 2.08, suggesting a strong valuation relative to sales [5]. - ENIC's P/CF ratio stands at 4.48, which is attractive when compared to the industry's average P/CF of 11.45 [6]. Earnings Outlook - The combination of ENIC's strong earnings outlook and its favorable valuation metrics supports the conclusion that it is an impressive value stock at this time [7].