Enel Chile(US:ENIC)2024-07-25 18:20Financial Performance - Enel Chile achieved a robust H1 2024 EBITDA, driven by improved hydro production and portfolio mix[11] - H1 2024 reported EBITDA increased by 74% year-over-year, reaching $597 million compared to $343 million in H1 2023[69] - Reported Group Net Income for H1 2024 increased by 121% year-over-year, reaching $267 million compared to $121 million in H1 2023[69] - Q2 2024 reported EBITDA increased significantly by +543% year-over-year, reaching $301 million compared to $47 million in Q2 2023[45] - FFO (Funds From Operations) in H1 2024 was higher than 2023 due to solid EBITDA contribution[41] Generation and Capacity - Hydro production played a significant role, with a 72% increase in Q2 2024 compared to Q2 2023[25] - Enel Generacion secured a 20-year regulated PPA for delivery in 2027/28 (36 TWh at $57/MWh)[11] - Net additional capacity in H1 2024 included approximately 250 MW of REN (Renewable Energy) & BESS (Battery Energy Storage System)[28] - Total net installed capacity reached 87 GW, with 77% from REN + BESS[147, 2] Regulatory and Receivables - Regulatory decree on PEC 3 (Stabilization Energy Mechanism) was published, marking an important milestone[11] - PECs accounts receivables, net of factoring, totaled approximately $1019 million as of June 2024[50] Debt and Liquidity - Gross debt increased by 8% to $4750 million as of June 30, 2024, compared to $4408 million as of December 31, 2023[65] - The company maintains a robust liquidity position, including cash and available committed credit lines, totaling $11 billion[65]