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Enel Chile(ENIC) - 2025 Q1 - Earnings Call Presentation
2025-04-30 18:47
Financial Performance - Enel Chile's Q1 2025 EBITDA increased by 25% to $365 million, compared to $293 million in Q1 2024[17, 22] - Net income for Q1 2025 rose by 11% to $175 million, up from $157 million in Q1 2024[17, 25] - Funds From Operations (FFO) remained relatively stable at $109 million in Q1 2025, a decrease of 5% compared to $114 million in Q1 2024[17, 27] Portfolio and Operations - Los Cóndores hydropower plant started commercial operation in February 2025[6] - Emission-free production accounted for 78% of the total, including Renewable Energy (REN) and Battery Energy Storage Systems (BESS)[11, 42] - Net installed capacity stands at 8.9 GW, with 78% from REN + BESS[11, 42] Regulatory and Dividends - The VAD 2020-24 Decree was published in April 2025[8, 13] - The final dividend approved by the 2025 AGM is approximately 3.34 CLP/share[8] - Total dividend approved of ~4.24 CLP/sh for 2024[9] Investments and Debt - Q1 2025 CAPEX totaled $68 million, with 39% allocated to REN + BESS and 32% to Grids[20] - Gross debt as of March 31, 2025, was $3.993 billion, compared to $3.931 billion on December 31, 2024[31] - The company has a strong liquidity position of $1.1 billion, covering debt maturities up to 2027[31]