Enel Chile

Corporate presentation

August 2023

0
Country overview & market
context

1
 Chile today and country’s potential

Net ZERO: the unavoidable

journey for Chile
~2 TW of renewable energy potential in
Chile1 80% Renewable
generation by 2030

+23% expected increase of energy New vehicle sales to be

A champion demand by 20342 only electric cars by
in the 2035

transition to Total population of 20 million3 0% Coal Power plants

88% of population in urban areas and 40% in metropolitan
region by 2040
renewable (best efforts 2030)
energies
Promotion of Hydrogen pilot projects:
Follow-up of more than 15 pilot projects and
CO2 neutrality by 2050
International Cooperation
1. National Green Hydrogen Strategy, November 2020. 2
2. National Energy Commission (CNE) PNCP Preliminar Technical Report, June 2023.
3. National Statistics Institute, June 2023.
 New scenario bringing some challenges and
several opportunities for the following years

Even though the energy market is

experiencing challenges… ….there are opportunities arising from
the current context

An increasingly Energy back up

to cope with Transmission’s New regulation
complex expansions not to enable
“new normal” intermittency
and curtailment fast enough electrification
hydrology

Coal phase-out Natural gas as Attractive New technology

and BESS transitory renewable and changing the
adoption technology H2 potential way to do things

3
 Challenging market context in 2022, although
reducing pressure in some indicators in 2023

Macro and commodities scenario reducing pressure A compound set of factors impacted spot prices

Henry Hub API 2 Brent USD/CLP1 Chilean CPI2

Avg. Spot Quillota 220kV Avg. Spot Alto Jahuel 220kV
H1 2023 H1 2023 H1 2023 H1 2023 H1 2023 (USD/MWh) (USD/MWh)
145
-44% -40% -21% -2% 7.6% 138 114 88 121 118 107
111 118 116 83
Q2 2023 Q2 2023 Q2 2023 Q2 2023 Q2 2023 78 78 70
95
84
-71% -63% -31% -5% 0.3% 77 75 74 69
FY 2022 FY 2022 FY 2022 FY 2022 FY 2022
+73% +142% +43% +15% 12.8% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2023 2022 2021

1. Comparisons using the average exchange rate for each period. 4

2. Cumulated inflation at the end of the period.
 A regulatory framework in evolution with several
announcements toward Decarbonization
New Regulatory Updates Regulatory topics close to a conclusion

Factoring Ago
Focus on Generation & Transmission side: PEC 2.0 process 2023

Aug Apr Jul Q3 Q4

2022 2023 2023 2023 2023
2023 Regulated 2024 Storage Auction
Auction (North of Chile) Decree
Law 21,472 Decree Sovereign Decree
(PEC 2) H2 2022 Guarantee H1 2023 H2 2023
Decree
Energy Transition Planning of Transmission
(Draft Bill) Infrastructure
(National Energy Plan) VAD 20-24
Dec Jan Apr
2022 Q3
Several updates to foster the 2023 2023
2023 New Dx
Energy Transition in Chile… Tariff
Regulatory Regulatory
technical Expert Final Technical
… discussions are still in the early stage report report
Panel process
… more to come
5
Enel Chile at a glance

6
 Our consistent journey paving the way for a
sustainable and brighter future

Sustainable growth
> Consolidating growth in Renewables
Speeding up decarbonization by a selective and flexible portfolio
> Coal phase-out > Reducing risks and volatility of our
> 1.7 GW of renewable capacity portfolio
connected
> Strengthening balance sheet to be
> Acceleration of energy transition prepared for new opportunities that
could arise with the electrification
> Asset rotation unlocking value
Creation
> Creation of a unique and
integrated company Enel Chile
> Integration of renewable business

7
 Positioning Enel Chile as a unique, integrated and
resilient utility in Chile
FY 2022 Figures

Integrated commercial
strategy supported by solid 8.4 GW 14.1 TWh
and diversified assets Net installed capacity Energy distributed1

Enablers of decarbonization
and electrification in Chile
2.1 mn 30.7 TWh
Sales to regulated and
End users
free clients2

Sustainable growth vehicle Renewable net installed

with ESG fully integrated
into the strategy
76% capacity

1. Data only for Enel Distribución Chile concession area. 8

2. Energy sold through our generation business line.
8
Strategic actions

9
 Our strategic actions

1 2 3 4

Foto
clients

Enhance the resiliency Maximize the value for Grids digitization to Sustainable growth,
and flexibility of our our clients through continue enabling the
portfolio mix supporting with stronger
electrification energy transition balance sheet
the decarbonization

By an integrated and sustainable strategy approach 10

 Our strategic actions

1 2 3 4

Foto
clients

Enhance the resiliency Maximize the value for Grids digitization to Sustainable growth,
and flexibility of our our clients through continue enabling the
portfolio mix supporting with stronger
electrification energy transition balance sheet
the decarbonization

By an integrated and sustainable strategy approach 11

 1 2 3 4

Rebalancing our portfolio to have a better risk-return

and faster response in a new market context

Coal phase-out, poor hydrology and transmission … therefore, we need to act quickly to shield our
constraints brought high volatility to spot market… margins and profitability in a new market context

Avg. hourly spot price Diversified source location

approach
North Center/South

Operation We are Diversifying

flexibility developing generation
0 6 12 18 24 0 6 12 18 24
several initiatives technologies
Solar hour 2020 2021 2022

Hourly and location volatility

needs to be offset Purchase PPAs from
third parties

Building a robust, resilient and flexible portfolio 12

 1 2 3 4

Continue to execute several portfolio management

actions… projects in execution well on track
Additional renewables’ … to be complemented by other … to continue optimizing our
contribution up to H1 2023… technologies, in different locations… generation mix

Growth Contribution H1 2023 COD granted H1 2023 Net installed capacity

+98 MW Campos del Sol

1.1 GW
76%
additional capacity 375 MW COD renewable
Renaico II & Sierra Gorda Valle del Sol
in 2023 7%
163 MW
17%
New renewable generation (TWh)1
Finis Terrae ext / III 1.5 GW 41%
8.5
2.1x
145 MW COD
since 2022 GW
1.43 Guanchoi
398 MW
35%
New capacity in construction
0.67
0.32 GW 0.03 GW
0.7GW Hydro CCGT2
Under construction Wind, Solar & Geothermal Oil-Gas
H1 2022 H1 2023 0.15 GW 0.11 GW

1. Considers all the growth platform in operation / already connected.

2. Combined Cycle Gas Turbine.
13
1 2 3 4

Operational resilience and timely management will

allow us to take advantage of full hydrology recovery
Recent rainfall well above estimates
Enel Chile hydro production
Bío-Bío
3,000
(TWh) +8%
(25% of consolidated Gx)
3.4 3.7
+8%

Cumulated rainfall (mm)

2,500

2,000 1.6 1.7

1,500

1,000
Q2 2022 Q2 2023 H1 2022 H1 2023
500
Snow levels starting to recover in
0
Maule and Laja during July

Jun

Jan
May

Oct
Apr

Dec

Apr
Mar
Jul

Aug

Sep

Feb
Nov
Maule Laguna del Maule Laguna del Maule
1,200
(34% of consolidated Gx)
HPP1’Operations with solid resilience,
1,000
despite high rainfalls during June
Cumulated rainfall (mm)

800

Early management of our reservoirs 600

avoided extreme water discharges and Lago Laja Lago Laja
impacts on communities 400

200
Reservoirs recovery of ~ 950 GWh 0
by the end of Jun-23
Jun

Jan
May

Oct
Apr

Dec

Apr
Jul

Mar
Feb
Aug

Sep

Nov

June 15, 2023 July 15, 2023

Last 10 years 2022-23 2023-24

1. Hydro Power Plants. 14

1 2 3 4

Commodities management is effectively contributing

to our diversification strategy
Gas portfolio optimization and trading actions

Natural gas plenty availability enabled us Enel Chile gas consumption and traded
(MMm3/d)
to better optimize our thermal fleet in the H1 2023
North (~12TBtu diverted to Mejillones) 15
14

REGAS 13

Mejillones Atacama
12
Several trading activities carried out with 11

TalTal
local industrial and mining customers, and 10

with external markets, as Europe 9

8
LNG
7
Gas Swap
6

Argentinean gas firm availability during the 5

4
summer (Oct-23 to Apr-24) and the wintertime 3
(May-23 to Sep-23)
Quintero 2
1
San Isidro
NG 0

Sep-22

Mar-23
Feb-22

Mar-22

Aug-22

Nov-22

Dec-22

Feb-23
May-22

Jul-22

May-23

Jul-23
Apr-22
Jan-22

Jun-22

Oct-22

Jan-23

Apr-23

Jun-23
Gas optimization activities - H1 2023
REGAS (Argentina)
Quintero
USD 175 mn LNG (Consumed) Argentine NG (Consumed) Trading

15
1 2 3 4

Renewables development to continue targeting a

cleaner, flexible and balanced matrix
Renewable net capacity Net capacity by technology Renewables pipeline by
evolution (GW) by 2025 technology and maturity (GW)1

+1.9 GW 79% BESS

2025 vs. 2021 renewable ~4
21%
7.5 +0.4
~11
6.4 39%
5.6 +1.2 2%
9.5 GW ~30 ~3
11%
+0.2
1% ~11
+0.2
26% 0.2
~1
2021 2022 2025
Gross Early Mature In
pipeline stage execution

Selective additional capacity coming from Hydro Geothermal BESS

storage, wind and solar investments Solar Wind Thermal 33% 44% 22% 1%

1. Data as of October 2022. 16

 1 2 3 4

Sustained reinforcement of our renewable matrix

throughout the country Net installed capacity6
Central zone 7% 76%
Renewable
PMGD2 83 MW 17%

El Manzano 99 MW
Southern zone 8.5 41%
Renaico II5 144 MW GW
Los Cóndores 150 MW
La Cabaña 106 MW
+34 MW BESS 35%

Rihue 120 MW Hydro CCGT7

North zone +34 MW BESS
Wind, Solar & Geothermal Oil-Gas
The highest solar radiation in the planet

Sol de Lila 161 MW Valle del Sol1 163 MW

First pilot project for
Azabache 61 MW Finis Terrae3 145 MW green hydrogen
production in Chile
Cerro Pabellón III 28 MW Guanchoi 398 MW JV with AME (HIIF)

Domeyko 204 MW Sierra Gorda4 205 MW

Campos del Sol1 375 MW
COD
approved
Connected Partially Under
connected construction
Ready to start
construction
1.5 GW & ~0.1 GW
1. The authorization to begin commercial operations at Campos del Sol was received in Feb 2023 and in Apr 2023 for Valle del Sol .
COD authorization connected in
2. Includes 6 MW connected during 2021 and 38 MW connected during FY 2022. since 2021 H1 2023
3. Considers Finis Terrae Extension and Finis Terrae III.
4. Includes 26 MW connected in Q2 2023.
5. Includes 72 MW connected during 2022 and 72 MW connected during Q1 2023.
6. Net installed capacity as of June 2023.
7. Combined Cycle Gas Turbine.
17
 1 2 3 4

Several initiatives aimed at rebalancing and

optimizing our portfolio
Additional flexibility Continue reducing Spot exposure to be concentrated
initiatives spot exposure in solar hours (TWh)

Enhance modulation
-10 pp -26%
capabilities to better allocate 5.9
hydro production
12%
19% 2.6 3.9
Investments
Improve technical performance 22%
in power plants for a more flexible and efficient
1.3
flexibility thermal generation
81% 88%
78% 3.3
2.7
Gas swap to generate in
Atacama region 2021 2022 2025 2022 2025

Net Spot Total sources1 Solar hours Non-solar hours

Gas optimization
and trading Natural Gas trading activities
activities Efficient thermal capacity Opportunistic purchases on
2 GW2 playing a key role as back up non-solar hours

1. Includes own production and PPA purchases from third parties. 18

2. Total Enel Chile thermal net installed capacity.
1 2 3 4

All in all, as a fresh-new green start, with 0.6 GW of

coal capacity disconnected since 2019

CO2 emissions
Scope 1 Generation
(gCO2eq/kWh)

2021 20221 2025 2040

< 273 218 <105 0

Tarapacá Bocamina I Bocamina II

December 2019 December 2020 September 2022
The road
towards
The first Chilean generator to complete the ZERO
coal phase-out process EMISSIONS
by 2040
1. Best estimate, the CO2 figures could change after the verification process. 19
 Our strategic actions

1 2 3 4

Foto
clients

Enhance the resiliency Maximize the value for Grids digitization to Sustainable growth,
and flexibility of our our clients through continue enabling the
portfolio mix supporting with stronger
electrification energy transition balance sheet
the decarbonization

By an integrated and sustainable strategy approach 20

1 2 3 4

Commercial strategy supported by long-term visibility,

geographic diversification and solid client portfolio
Portfolio by off-taker PPAs geographic location PPAs by residual duration

2022 2022 2025

+4%
22% 23% 24%
27% 34%
30.7
TWh 25%
47%
39%
32.0 44% 60% 67%
TWh

31% 29%
18% 10%
Free market
Regulated 2025
Free market Mining North Center South 2023-2025 2026-2030 >2031

Continue to increase presence Geographic diversification to

7 years avg. duration
on more resilient sectors reduce prices exposure
21
 1 2 3 4

Innovative technologies to bring value added

services to all clients

B2B We are boosting

B2G B2C electrification for
smarter, more efficient and
Enabling cities to become Helping our clients to give the We are energy partners in the greener energy use
more circular, supporting step forward on the path to a road towards the
their electrification and sustainable and decarbonization of
decarbonization decarbonized homes industries with innovative Cumulative Electrification
since 2019 (TWh)
solutions
2.8x
2022 2025 2022 2025 2022 2025
Public e-Home PV
lighting1 379 449 services3 86.9 139.2 (MWp) 1.1 5.1
(‘000#) (‘000#)
1.0
Electric Heating Demand
buses1,2 2.0 2.5 Replacement1 15.8 38.5 Response 9 14 0.4
(‘000#) (‘000#) (MW)

2022 2025

Charging Points1,4
(public and e-Buses ‘000#)
2022
1.7
H1 2023
1.9
2025
2.7
1,174 tons (‘000)
Accumulated CO2 emission
avoided by electrification by 2025
1. Cumulative figures.
2. Considers E-buses supplied, managed and served by Enel X Chile in B2B and B2G segments. 22
3. Includes assistance services, air conditioning and photovoltaic panels.
4. Excludes Enel X Way Chile charging points.
1 2 3 4

Creating value in an integrated strategy

Beyond Commodity strategy Commercial Strategy

enhances our offer of Total Generation sales (TWh)1
products and services
33.1 32.0
Our integrated Approach 30.7 30.9

63%
61% 69%
PPA + Product
& Services
65%

39% 35% 37%

31%
+35 other
companies
2022 2023 2024 2025

Regulated Customers Free Market

1. Includes free and regulated sales. 23

 Our strategic actions

1 2 3 4

Foto
clients

Enhance the resiliency Maximize the value for Grids digitization to Sustainable growth,
and flexibility of our our clients through continue enabling the
portfolio mix supporting with stronger
electrification energy transition balance sheet
the decarbonization

By an integrated and sustainable strategy approach 24

1 2 3 4

Grid infrastructure evolution as a pillar for energy

transition, focused on efficiency and quality
Main KPIs1
2022 H1 2023 2025
Grid Blue Sky End users
A new operating model (mn)
2.1 2.1 2.2

We are implementing technology Energy

developments to boost our service distributed1 14.1 7.1 14.1
quality, continuity and reliability (TWh)

Losses
(%)
5.1 5.3 5.1
+30 Technology solutions by 2023
Telecontrol
(‘000#)
2.7 2.7 3.0

SAIDI
(min)
145 136 150

SAIFI
(#)
1.3 1.3 1.4

1. Data only for distribution business. 25

1 2 3 4

Improving our client's journey through new

digitalized channels
Main KPIs Commercial service at a glance

2022 H1 2023 2025

Customer centricity Clients App
as a core strategic pillar 656 728 1,085 Our journey in numbers2
users1
(´000#)
Platformization and
We are enhancing our grids and digitization
Clients' digital
developing our corporate culture to interactions 90 53 95
put our customer at the center of (%)
our business
E-Billings
(´000#)
504 549 747 2.1mn 330 24 mn
Over 1,000 during winter season
Clients Billing
served Clients' care
attendants per year
Digital payments
(%)
78 79 86 3.7 mn 680 k
Phone calls WhatsApp interactions
per year per year
First call APP Clients
resolution 76 71 87 www.enel.cl
(%)
“Enel Clientes Chile”

1. Download of APP clients. 26

2. Data as of December 31, 2022.
 Our strategic actions

1 2 3 4

Foto
clients

Enhance the resiliency Maximize the value for Grids digitization to Sustainable growth,
and flexibility of our our clients through continue enabling the
portfolio mix supporting with stronger
electrification energy transition balance sheet
the decarbonization

By an integrated and sustainable strategy approach 27

1 2 3 4

All these trends to take advantage of potential

new opportunities by 2025
2022 2025
RES Capacity 6.4 7.5
(GW)

RES Capacity 76% 79%

% on total
Leading the
GHG free 63% 79%
% production on total
decarbonization and
Grids end users 2.1 mn 2.2 mn
the electrification
Energy losses 5.1% 5.1%

Telecontrol
of the country
(‘000#)
2.7 3.0

Electric buses1,2 2.0 2.5

(‘000#)

Charging points1,3 1.7 2.7

(‘000#)

Digital payments 78% 86%

1. Cumulative figures. 28
2. Considers E-buses supplied, managed and served by Enel X Chile in B2B and B2G segments.
3. Excludes Enel X Way Chile charging points.
1 2 3 4

Creating Value for ALL our stakeholders

2025
Financial community Dividend payout ratio1 Min 50%
New connections on grids
Clients (‘000) +101

Planet Scope 1 - CO2 Reduction vs 2021 -62%

Beneficiaries from projects with communities2
Communities (SDGs 4,7 & 8) 5.6 mn

Employees Women in selection processes 50%

Suppliers Qualified supplier assessed for ESG performance3 100%

Partners E-buses4 (‘000) 2.5

1. Proposal for setting a minimum payout ratio for 2025 period. 29
2. Cumulated figures 2015-2030.
3. For health & safety, environmental and human rights aspects. Rounded figured
4. Considers E-buses supplied, managed and served by Enel X Chile in B2B and B2G segments.
2023-2025
Plan in numbers

30
 1 2 3 4

New plan investments to improve our portfolio

resiliency
Investments centered on clients’ needs… …focused on SDG goals CAPEX allocation (USD bn)
SDG 0.8
1%
13% 0.7
1% 1%
8%
18% 16%
10%
2023-25 2023-25
10% 1.7 USD bn 1.7 USD bn 0.3
77% 3%
73% 34%
71% 13%

90% 50%

2023 2024 2025

Renewable Grids >85% aligned to Renewable Grids
Thermal Enel X EU taxonomy Thermal Enel X
31
1 2 3 4

Generation CAPEX driven by decarbonization

strategy
Generation CAPEX 2023-2025 (USD bn) Renewable’s development CAPEX
(USD bn)
Total CAPEX by type Total CAPEX by year

1%
0.7 14%
22%
0.1 0.5
0.1 14%
2023-2025 2023-2025 47%
1.4 USD bn 1.1 USD bn
0.5 0.2
0.4
78% 0.1
25%
0.1
2023 2024 2025

Development CAPEX Others Solar Hydro Geothermal

Wind BESS
32
1 2 3 4

Our investments to bring additional flexibility to

our portfolio
Production evolution (TWh) Energy balance (TWh)
Portfolio Mix evolution (TWh) Spot exposure reduction (TWh)
+5% +4% -33%
23.4 32.0 32.0
22.2 30.7 30.7 -51%
3.9
4.2
8.8
5.9 5.9 Non-solar
4.7
2.6
18.9 22.2 2.6 3.9
9.8
9.7 1.3
1.2 22.2 23.4
0.2 11.9 3.3
5.7 9.8 2.7
4.8
1.3
2022 2025 2022 2025 2022 2025

Coal Oil&Gas Renewable Production Regulated sales Solar hours

(Ex - hydro)
Purchases third parties Free market sales Non-solar hours
CCGT1 Hydro
Net spot
1. Combined Cycle Gas Turbine. 33
1 2 3 4

EBITDA improvement thanks to our integrated

margin strategy
FY 20221
Integrated EBITDA evolution (USD bn) Main performance indicators

1.3 2022 2025 CAGR

+41% Avg. PPA
price 74 64 -5%
1.4 (USD/MWh)3
0.2 (0.2) 1.3
EBITDA
(0.5) (0.04) adjusted1 44 -3%
0.9 0.6 (USD/MWh)
(0.2) EBITDA 39
proforma1 27 +14%
(USD/MWh)

OPEX/MW
(kUSD/MW)4
45 23 -20%
Adj. Gas 2022E Energy Sourcing Growth Gas Others 2025
2022E2 valorization Proforma PPA sales optimization Thermal
one-off & services variable Cost 80 63 -7%
(USD/MWh)
EBITDA margin
14% 25% Marginal cost
proforma
(USD/MWh)5
104 56 -19%
1. FY 2022 adjusted by the Coal Stock Impairment (CSI) and projects write-off: 0.1 USD bn
2. Adjusted by decarbonization impairment: EBITDA: USD 0.06 bn. 34
3. Average PPAs price includes only energy on regulated and free market sales.
4. Real figures normalized by CPI and the same FX and adjusted non-recurrent OPEX. 2022 adjusted by the projects write-off: 0.1 USD bn.
5. Average spot price in Quillota 220 kV.
1 2 3 4

Grids investments to support electrification and

performance
CAPEX tailored to improve EBITDA evolution (USD bn)
performance and electrification

+17%
FY 2022

31% 0.08
(0.01) 0.11
44% 2023-2025 0.09 0.02
0.3 USD bn

25%

Quality & Resiliency

2022E Indexation Inflation 2025
Digitization
& Volume & Others
Connections
35
 1 2 3 4

Consolidated EBITDA increase in a more

conservative scenario
EBITDA evolution (USD bn) EBITDA Old vs. New Plan (USD bn)
FY 20221

1.5 +30% +3%

1.5
0.2 (0.2) 1.3 4.0 4.1
0.5 (0.2)
(0.5) 0.0
1.0 0.5
(0.1) 0.6 (1.6)
0.9
(0.2)
0.4 USD bn
(+42% yoy)

Adj. Gas 2022E EBITDA Energy Sourcing Growth Gas Grids & 2025 2022-24 Sourcing Energy Gas Gas Others 2022E-24
2022E2 valorization Proforma Tx PPA sales Gx Gx optimization others Old Plan Gx PPA sales optimization valorization New Plan1
one-off & services ex-Tx & services

1. FY 2022 adjusted by the Coal Stock Impairment (CSI) and projects write-off: 0.1 USD bn 36
2. Adjusted by coal stock impairment impairment: EBITDA: USD 0.06 bn.
2023-2025
Financial management

37
1 2 3 4

Strong cash generation financing our integrated

strategy
Source of funds allocation 2023-2025 Net debt/EBITDA evolution
Strategic plan scenario (USD bn) (Times)

FY 2022
3.0-3.2 2.7x ~3.4x

~1.1x 2.8x-3.0x
(1.7)
~2.4x 2.3x-2.5x

(1.0)
0.3-0.5

Sources of Gross Dividends Change in 2022E Gas 2022E 2023 2025

funds capex net debt valorization Proforma1
one-off

1. EBITDA Adjusted by decarbonization impairment: USD 0.06 bn. 38

 1 2 3 4

Sustainable instruments to fund our growth

Financial flexibility & main ratios Debt maturity evolution by year with
managerial actions (USD bn)
YE 2022 H1 2023 YE 2025

SDG-linked gross 3.6

1.1 1.3 0.9 3.3
debt USD bn

Share of sustainable
24% 26% 27%
finance

Avg. term of debt

(years)
6 6 6 0.8 0.7
0.5 0.5
0.2 0.2
USD denominated
94% 94% 94%
debt (over gross debt) 2023 2024 2025 After
2025
% of fixed
84% 77% 91%
gross debt Actual figures as of Jun 2023
Plan 2023-2025
% cost
4.1% 4.7% 4.8%
of debt 39
2023-2025
Earnings evolution

40
 1 2 3 4

Earnings recovery supported by growth initiatives

and managerial action
Net Income evolution 2022E Net Income evolution 2022E-2025
FY 20221 (USD bn) (USD bn)
1.5
2022 Adj. Net Income 2 1.4
1.5
+38%

0
Gas valorization 0.4
one-off3
Net Tx 0.7
(0.5) sale3
1.0 2022 Adj. Net
0.3 FY 2022
Income Proforma

(0.3) 0.4

(0.2) (0.1) 0.4

0.3 0.3 0.3 0.0 0.0
(0.2)

EBITDA Gas EBITDA D&A Financial Taxes & Adjusted Adjusted Δ EBITDA Δ D&A Δ Financial Δ Taxes & Net Income
2022E valorization 2022E charges minorities Net Income Net Income charges minorities 2025
Adjusted2 one-off Proforma 2022E 2022E
Proforma Proforma

1. FY 2022 adjusted by the Coal Stock Impairment (CSI) and projects write-off: EBITDA: 0.1 USD bn and Net Income: 0.1 USD bn. 41
2. Adjusted by coal stock impairment: EBITDA: 0.06 USD bn and Net Income: 0.04 USD bn.
3. Effect net of taxes and minorities in Gas Valorization impacts and Asset Rotation (Enel Transmisión sale).
2023-2025
Financial targets

42
Strategic plan targets

2022
20221 proforma1,2 2023 2024 2025

Adj.
EBITDA 1.5 0.9 1.0-1.2 1.3-1.5 1.2-1.4
(USD bn)

Adj. Net
income 1.5 0.4 0.3-0.5 0.5-0.7 0.3-0.5
(USD bn)
Dividend
payout
30% Min 50% Min 50% Min 50%
(%)

1. FY 2022 adjusted by the Coal Stock Impairment (CSI) and projects write-off: EBITDA: 0.1 USD bn and Net Income: 0.1 USD bn.
2. Proforma excludes Gas Valorization impacts and Asset Rotation (Enel Transmisión sale): EBITDA: 0.5 USD bn and Net Income: 1.1 USD bn. 43
Closing remarks

Decarbonization Integrated
and electrification commercial Strong financial
Creating value for
remaining as strategy boosted position and
ALL our
priorities to our by several optionality for
stakeholders
sustainable diversification future growth
strategy actions

44
Q2 & H1 2023
Financial results

45
 Business performance as expected

Business Performance

EBITDA1,2 Net Income1,3 FFO4

(USD mn) (USD mn) (USD mn)

+50% 1.9x
400
267 141 (5)
74
(222) +98%
H1 2022 H1 2023 H1 2022 H1 2023 H1 2022 H1 2023
proforma proforma proforma proforma
-25% -7.1x -2.1x
Q2 73 55 5 -33 (50) (105)

1. Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period 805.87 CLP/USD.
2. 2022 figures adjusted by the Coal Stock Impairment: H1 2022: 63 USD mn and Q2 2022: 42 USD mn. Excludes Enel Transmisión Chile: H1 2022: 54 USD mn and Q2 2022: 22 USD mn.
3. 2022 figures adjusted by the Coal Stock Impairment: H1 2022: 43 USD mn and Q2 2022: 29 USD mn. Excludes Enel Transmisión Chile: H1 2022: 30 USD mn and Q2 2022: 10 USD mn.
4. 2023 figures exclude tax paid for Enel Transmisión sale: H1 2023: 310 USD mn and Q2 2023: 310 USD mn. 2022 figures excludes results from Enel Transmision: H1:2 USD mn and Q2 2022: -19 USD mn. 46
Sustainable capex to continue improving portfolio
flexibility boosting the energy transition
H1 2023 CAPEX by business and by nature1 H1 2023 Renewable development CAPEX1

11% Capex allocation

17% by Quarter (2023)
36% Q1 12%
372 9% 372 236
22% 46%
USD mn USD mn USD mn Q2 33%
-27% yoy -27% yoy -40% yoy
67%
74% Q3E 21%

1% 18%
Q4E 34%
Grids & Enel X Asset development Hydro
Renewables Customers Wind
Thermal Others Solar
Geo, BESS & others
91% linked to
SDGs2
1. Comparisons between periods are made using the average exchange rate for the period 805.87 CLP/USD.
2. Sustainable Development Goals. 47
 Q2 2023 EBITDA highly impacted by temporary higher
production costs and spot purchases
EBITDA evolution (USD mn)1
PPA sales growth mainly related to
-42% indexation and higher capacity
payments
-25%
34
95 Variable costs mainly associated with
higher commodities prices
73
(22) 24 6 55
(4) Grids performance mainly related to
(55) 19 (7) higher demand and indexation

(36) Opex reflects the new portfolio in

operation and inflation across the
Adj. Enel Tx Q2 2022 PPA Thermal Spot HydrologyRenewable Gas Grids Opex & Q2
Q2 proforma sales2 cost price growth optimization others businesses
2023
2022
1. Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period 805.87 CLP/USD. Q2 2022 adjusted by the Coal Stock Impairment: 42 USD mn.
2. Includes PPA Indexation (commodities, FX, CPI), capacity payment and ancillary services.
48
 H1 2023 EBITDA portfolio management resulted in
higher performance
EBITDA evolution (USD mn)1
PPA sales growth mainly related to
+25% indexation and higher capacity
payments
+50%
110 7
124 400 Variable costs mainly associated
(7)
(19) with higher commodities prices
321 35
267 33
(54) Gas optimization mainly reflects sale
(152) of gas to international markets
negotiated in 2022

Opex is mainly related to the new

portfolio in operation and inflation
Adj. Enel Tx H1 2022 PPA Variable HydrologyRenewable Gas Grids Financial Opex & H1
H1 proforma sales2 cost growth optimization hedging others
2023
across the businesses
2022
1. Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period 805.87 CLP/USD. H1 2022 adjusted by the Coal Stock Impairment: 63 USD mn.
2. Includes PPA Indexation (commodities, FX, CPI), capacity payment and ancillary services.

49
New renewable capacity and slightly better hydrology
improved our energy balance
Net production (TWh) Energy balance (TWh)

+8% +3% Portfolio Mix evolution (TWh)2 Spot exposure (TWh)

+0.8 TWh
new renewable +3% +1%
capacity
10.2 10.6 7.4 7.4 7.6 7.6 1.7 1.7
1.7 1.7
0.6 4.5 0.4 4.7 0.9 0.9
2.0 2.7
5.5
5.1 61% 5.1 5.5
0.8 Emission free 2.9 2.9 0.9 0.8
0.9
1.0 1.4 0.7 production
Q2 2022 Q2 2023 Q2 2022 Q2 2023
0.4 0.5
0.4 3.2 3.3 Flat +3%
1.9 15.5 15.5 15.5 15.5 4.0 4.1
1.7
4.0 4.1
1.3 9.8 0.8 9.6 1.8 1.9
3.4 3.7
1.6 1.7 10.2 10.6
5.7 5.9 2.2 2.1

Q2 2022 Q2 2023 H1 2022 H1 2023 H1 2022 H1 2023 H1 2022 H1 2023

Hydro Oil-Gas Wind, Solar & Geothermal Production Regulated sales Solar hours
CCGT1 Coal Purchases third parties Free market sales Non-solar hours
1. Combined Cycle Gas Turbine. Net spot
2. Energy sales do not include the spot sales.

50
 2023 Net Income reflecting the portfolio management
actions executed in the period
Net Income evolution (USD mn)1
Strong operating delivery drives
+90% EBITDA up by 50%

133
(1) (1)
141 Financial results reflect higher interests on
(61) (4) cash investments and lower financial costs
74 on factoring executed mainly in Q1 2022

H1 EBITDA2 D&A3 Financial Taxes Minorities H1

2022 result4 2023 Taxes variation reflects higher EBITDA in
proforma2
2023 vs 2022 and monetary corrections

Q2
52 (18)2 5 (17) (14) 6 (33)
2023
1. Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period 805.87 CLP/USD.
2. Adjusted by the Coal Stock Impairment (CSI): EBITDA: H1 2022: 63 USD mn and Q2 2022: 42 USD mn; Net Income: H1 2022: 43 USD mn and Q2 2022: 29 USD mn. Excludes Enel Transmisión Chile: EBITDA H1 2022: 54
USD mn and Q2 2022: 22 USD mn; Net Income: H1 2022: 30 USD mn and Q2 2022: 10 USD mn.
3. Includes depreciation and amortization, bad debt and impairment. 51
4. Includes result from equity investment.
 Cash management actions to offset the impact of the
stabilization energy mechanism partially
FFO proforma evolution (USD mn)1

400 Solid EBITDA contribution mainly due to

hydrology and gas optimization initiatives

(189)
Stabilization mechanism continues to drive
(111) (2)
the business performance
(103) (5)
EBITDA Stabilization Working Income Financial FFO
Mechanism Capital Taxes expenses H1 2023
(PEC) & Others
Financial expenses reflecting mainly
H1 factoring costs in the period
2593 (211) (151) (20) (98) (222)
20222

1. Comparisons between periods in the Financial Statements are made using the average exchange rate for the period 805.87 CLP/USD. Excludes Enel Tx tax payment in Q2 2023 of 310 USD mn.
2. Comparisons between periods in the Financial Statements are made using the average exchange rate for the period 826.24 CLP/USD. Excludes Enel Tx from 2022 figures: 54 USD mn in EBITDA and 2 USD mn in FFO.
3. Adjusted figures by the Coal Stock Impairment: 62 USD mn.
52
Sound liquidity position to support debt maturity

Gross debt (USD mn)1 Liquidity position (USD mn) Debt maturities (USD bn)1
2.9
+8%
Maturities/Gross
Debt

5,046 5% 16% 9% 14%

4,660 2.3
533
1,023 1.0
46% USD
bn
54% 0.8 0.7
4,513 0.5
3,637 0.3
0.2 0.7 0.2 0.6
0.1 0.3 0.4
Dec 31, 2022 Jun 30, 2023 2023 2024 2025 2026 After
2026
Cash
SDG Linked
Net debt Cash Available committed credit lines
26% SDG linked instruments

77% of gross debt has a fixed rate Liquidity to support the maturities Average maturity of 5.7 years

1. Comparisons between periods in the Financial Statements are made using the exchange rate at the end of the period: Dec/22 (851.95 CLP/USD); Jun/23 (802.15 CLP/USD).

53
Q2 & H1 2023
Financial results
Annexes

54
Q2 Profit & Loss (USD mn)1
Q2 2023 Q2 2022 ∆ yoy
Proforma EBITDA2 55 73 -25%

Reported EBITDA 55 52 +5%

D&A (74) (74) 0%

Bad Debt (1) (12) -88%

Impairment 0 0 -

Reported EBIT (21) (34) -38%

Financial expenses (38) (21) +83%

Results from equity investments 6 2 3.0x

Reported EBT (53) (53) +1%

Income taxes 20 42 -53%

Minorities 0 (4) -104%

Reported Group Net Income (33) (14) -2.4x

Proforma Group Net Income2 (33) 5 -7.1x

1. Reported figures. Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period 805.87 CLP/USD.
2. Q2 2022 figures adjusted by the Coal Stock Impairment: EBITDA: 42 USD mn and Net Income: 29 USD mn. Excludes Enel Transmisión Chile: EBITDA: 22 USD mn and Net Income: 10 USD mn. 55
H1 Profit & Loss (USD mn)1
H1 2023 H1 2022 ∆ yoy
Proforma EBITDA2 400 267 +50%

Reported EBITDA 400 258 +55%

D&A (144) (144) 0%

Bad Debt (10) (19) -48%

Impairment 0 0 -

Reported EBIT 247 95 2.6x

Financial expenses (59) (58) +3%

Results from equity investments 9 3 3.1x

Reported EBT 196 40 4.9x

Income taxes (39) 31 -2.3x

Minorities (16) (10) +63%

Reported Group Net Income 141 61 2.3x

Proforma Group Net Income2 141 74 +90%

1. Reported figures. Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period 805.87 CLP/USD.
2. H1 2022 figures adjusted by the Coal Stock Impairment: EBITDA: 63 USD mn and Net Income: 43 USD mn. Excludes Enel Transmisión Chile: EBITDA: 54 USD mn and Net Income: 30 USD mn. 56
Main business EBITDA breakdown

EBITDA Generation EBITDA Grids

business line (USD mn)1,2 business line (USD mn)1,3

-40% +56% +10% +2%

373

239
58 52 53
35 31
28

Q2 2022 Q2 2023 H1 2022 H1 2023 Q2 2022 Q2 2023 H1 2022 H1 2023

Adjusted Adjusted Proforma Proforma

1. Comparisons between periods in the Financial Income Statements are made using the average exchange rate for the period 805.87 CLP/USD.
2. 2022 figures adjusted by the Coal Stock Impairment: Q2 2022: 42 USD mn and H1 2022: 63 USD mn. 57
3. 2022 figures Excludes Enel Transmisión Chile: EBITDA: H1 2022: 54 USD mn and Q2 2022: 22 USD mn.
 Commodities and Spot price outlook

Henry Hub (USD/mmbtu) Brent (USD/bbl) API 2 (USD/Ton)

9.4 123.7 389.0
8.9 8.7 118.8
113.3 112.7 352.9 364.9
6.6 328.5
7.3 6.9 6.7 104.4 319.3328.1
6.3 98.2 100.0 325.3 267.9
5.3 5.2 93.3
89.9 91.7 213.6 227.9
4.7 4.6 87.2 84.9
82.5 80.1 81.1 194.5
78.6 75.6 167.2
3.1 82.8 74.7
2.5 2.6 140.3 119.0
2.0 2.1 2.2 167.5 115.6
4.0 H1 2023: 2.8 H1 2023: 79.8 H1 2023: 136.5
H1 2022: 6.1 H1 2022: 107.6 138.3 138.3 H1 2022: 281.2
110.4

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Avg. Foreign Exchange (CLP/ USD) Marginal Cost Quillota (USD/MWh) Marginal Cost Crucero (USD/MWh)
H1 2023: 805.9 H1 2023: 114.4 H1 2023: 104.0
H1 2022: 826.2 195.0 H1 2022: 107.5 189.5 H1 2022: 102.9
954
152.3
956 130.4 130.4
120.3 110.8 106.2 108.8 115.9 112.0
849
904
921 917 111.6
93.5 95.6 114.1 106.3 101.2
826 91.8 86.1 84.2 83.4 96.1
807 810 815 858 876 102.3 68.2
89.2
118.6 93.3
102.0
822 813 98.0 99.6 93.5 95.7
799 800 58.5 60.0
798 799 804 67.6 66.2 68.5 68.4

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2023 2022
58
 Hydrology outlook
Historic Enel Chile hydro generation (TWh) Rainfall in our most relevant basins1
Rapel Maule
2007 13.2 700 (9% of consolidated Gx) 2,200
(34% of consolidated Gx)
2,000
2008 13.8 600
1,800

Cumulated rainfall (mm)

Cumulated rainfall (mm)
2009 14.9 500 1,600
1,400
2010 12.6 400 1,200

2011 11.9 300 1,000

800
2012 11.2 200 600
400
2013 9.9 100
200
2014 11.6 0 0

Dec
Nov

Nov

Dec
May

Aug

Sep

May

Aug

Sep
Oct

Oct
Apr

Jun

Jan

Apr

Apr

Jun

Jan

Apr
Jul

Jul
Feb

Feb
Mar

Mar
2015 11.8
2016 9.1 Bío-Bío
2,500 Laja 4,500
(25% of consolidated Gx)
2017 9.7 4,000
(20% of consolidated Gx)

Cumulated rainfall (mm)

2018 11.4 2,000

Cumulated rainfall (mm)

3,500

2019 10.6 3,000

1,500
2,500
2020 9.7
2,000
2021 7.7 1,000
1,500
2022 9.8 500 1,000

2023E 9.3 500

0 0
1. As of July 12, 2023.

Dec
Nov

Nov

Dec
May

Aug

Sep

May

Aug

Sep
Oct

Oct
Jun

Jan

Jun

Jan
Apr

Jul

Apr

Apr

Jul

Apr
Feb

Feb
Mar

Mar
59

Last 60 years Last 10 years 2022-23 2023-24 98-99 (Driest year)

 Enel Chile is the largest Utility player in Chile in
installed capacity and number of clients
Integrated commercial
strategy supported by Leading the renewable sector in Chile
Grid infrastructure to
solid and diversified enable electrification
assets

6.5 GW Renewable
capacity
net installed
Enablers of
decarbonization and
electrification in Chile

2.0 GW Thermal net installed

Bringing forward Zero Capacity
emission to 2040 from
2050
Hydro Wind Solar Geothermal CCGT Oil & Others
Indefinite
concession period
Sustainable growth
vehicle with ESG fully End users

integrated into
Net Capacity1 3.5 GW 0.8 GW 2.1 GW 0.08 GW 1.5 GW 0.6 GW >2 million
% of total 41% 9% 24% 1% 17% 7%
strategy

8.5 GW Total net installed capacity

1. Data as of June 30, 2023. 60
 Credit Rating - Enel Chile and Enel Generación Chile

International market Chilean market

Enel Chile Enel Chile

Standard & Poor’s Fitch Ratings Fitch Ratings Feller Rate

Enel Generación Enel Generación

Standard & Poor’s Fitch Ratings Fitch Ratings Feller Rate

61
Organization structure

Enel Chile shareholders1

64.9% 1.2%
6.0%

Chile 23.6%
Pension Funds
Market Cap2 Institutional Investors
USD 4.8 bn ADR’s
4.3% 64.9% Enel SpA
Others
100.0% 93.5% 99.1% 100.0% 49.0%

Green Power Generación Chile Distribución Chile Enel X Chile Non-consolidated assets
Chile

1. As of March 31, 2023.

2. Market Cap as of July 31, 2023. 62
Strategic Plan 2023-2025
Annexes

63
Main assumptions

GDP Demand Growth CPI

Macroeconomics
(%) (%) (%)
2023 2024 2025 2023 2024 2025 2023 2024 2025

-1.1% 2.4% 2.6% -0.5% 2.9% 3.9% 5.3% 3.2% 3.1%

Henry Hub Brent

Commodities
(USD/MMbtu) (USD/bbl)
2023 2024 2025 2023 2024 2025

5.7 5.0 4.3 93.0 80.0 70.0

Quillota marginal cost Crucero marginal cost

Marginal costs
(USD/MWh) (USD/MWh)
2023 2024 2025 2023 2024 2025

91.0 57.9 55.7 90.7 54.0 55.1

64
Main sensitivities for 2023-2025 figures

Annual Impact on 2023-2025 EBITDA (USD mn)

System demand
+10%

+1%
Hydrology

~53 ~32
-10%

~(45) ~(22)

-1%
GAS
+60% -38%
Commodities

(Henry Hub)
~156
OIL
(Brent)
+62% -40%
~(162)
COAL
(API2)
+33% -30%
65
Capex by Business line

Gross CAPEX (USD bn) CAPEX 2023-2025 allocation

(USD bn)
0.8
0.0
0.1 0.7
0.0
Business line 2022 2023 2024 2025 0.1 0.1
Renewable 0.9 0.6 0.5 0.2 0.1
Thermal 0.1 0.1 0.1 0.0
0.3
Grids 0.2 0.1 0.1 0.1 0.0
0.6
0.5 0.1
Enel X 0.0 0.0 0.0 0.0
0.0
Others 0.0 0.0 0.0 0.0
0.2

2023 2024 2025

Renewable Grids
Thermal Enel X
66
 Installed capacity and production by technology

Net installed capacity (GW) Net production (TWh)

2022 2025 2022 2025

+12% +5% 1%
7% 5% 6%
20%
16%
17%
39% 26%
8.4 42% 9.5 22.2 44% 23.4 41%
GW GW TWh TWh

6%
34% 40% 37%
19%

Coal1 CCGT2 Oil&Gas Hydro Renewable

(ex - Hydro + BESS)
1. Includes Bocamina II production. 67
2. Combined Cycle Gas Turbine.
ESG
Annexes

68
Corporate governance structure

Shareholders’ meeting Audit firm

14% 43%

BoD’s
composition Board of Directors
(7 members)

43%

Non executive Executive

Independent Functions:
Directors Committee
Audit committe
Sustainability committe
Related parties transactions

69
Board composition

Board of Directors Board of Directors’ diversity

Herman Chadwick Chair

Monica Girardi Director 57%

Age Gender 71% 29%
diversity diversity
Isabella Alessio Director 43%

41-50 Over 50 Male Female

Salvatore Bernabei Director

Directors’ Committee (C)

Fernán Gazmuri 43%
Director.
Tenure 57% Nationality
43%
diversity diversity
Directors’ Committee 57%
Pablo Cabrera Director

Directors’ Committee 1-3 years Over 3 years Chilean Italian

Gonzalo Palacios Director
70

Non executive Executive Independent

Management of the Company

Sustainability & Community

F. Barderi Chief Executive Officer M. Palomar
(CEO)
Relations

G. Turchiarelli Chief Financial Officer R. Puentes Procurement

(CFO)

L. Schnaidt People and Organization A. Barrios Digital Solutions

D. Gomez Regulation M. Rinchi Services & Security

J. Díaz Internal Audit K. Zapata

Enel X Chile
(CEO)

P. Urzúa Institutional Affairs Officer J. Stancampiano

Enel Generación Chile
(CEO)

A. Pinto Safety V. Tavera Enel Distribución Chile

(CEO)

D. Valdés Counsel A. Hott

(Energy & Commodity Mgmt.)
Enel Generación Chile

C. Vera Communication

Enel Chile’s main executives Enel Chile’s subsidiaries

71
 Our strategy for sustainable progress

We create long-term value with and

…promoting the protection of
1 for all our stakeholders, helping them
natural capital and biodiversity…
2
to grow and meet challenges…

Just Transition Biodiversity

Inclusion & Uniqueness
Sustainable Supply Chain
Sustainability initiatives with
communities
…with continuous improvement in
health and safety objectives…
3
…supporting sustainable progress
4 through innovation, digization and
the circular economy Health & Safety
Circular economy Focus on
Innovation Enel Chile position in main
ESG ratings
72
 Just Transition for Enel Chile’s People,
Communities and suppliers
Strategy for a Just Transition promotes sustainable and human rights approach for all stakeholders
Enel Chile People
Internal redeployment and upskilling/reskilling
processes for people working in coal
generation, which is being phased out,
enabling them to work in other units, ensuring
People knowledge transfer
centricity Voluntary early retirement plans
Hiring and specific programs to acquire new
skills and to support the generational mix and
the sharing of knowledges
2022
~64% of people leaving coal power
plants have been redeployed
Coal redeployed people: ~95%
within GPG perimeter, ~5% to
other Enel Chile business areas
+30 training hours per capita in
upskilling and reskilling programs
Communities
Fostering Green Jobs through dedicated
training programs for employment in
renewables and electrification
Promoting entrepreneurship activities through
innovative grants and business related capacity
building
Repurposing and upgrading of industrial assets
for community activities (park in Bocamina´s
former ash landfill, Open Power to Art)
2022
380 persons trained for Green
Jobs in energy related fields, ~35%
hired by Enel Chile
+2,100 SMEs financed through
economic development grants
9 Open Power to Art initiatives,
and reconversion of ash landfill
into park.
Suppliers & Contractors
New contracting opportunities within other
Enel Chile activities and business lines
Reskilling programs in collaboration with
Ministries of Labour and Energy
Operational Excellence Center for training of
contractors and technical students in
electricity related activities
2022
Tender incentives for companies
who include former suppliers
/contractors from our coal
powered plants in their service
+1,540 contractors have received
reskilling/upskilling trainings.
73
Inclusion & uniqueness
Inclusion of people’s multiple and unique talents is an essential factor in
Enel Chile’s approach to create long term value for all stakeholders
Purpose
Enel Chile puts in place an organic set of actions aimed at:
allowing expression of people uniqueness ensuring nondiscrimination, equal opportunities,
equal dignity, and inclusion of every person regardless to any form of diversity;
promoting cultural conditions for an inclusive and unbiased workplace that ensures a coherent
mix of diversity in terms of skills, qualities and experiences that create value for people and
business.

Actions Gender
1 Empower the growth and
2022 2025
increase representation of
women in the organization. Female
Managers (%) 14.0% 14.3%
2 Promote the inclusion of people
with disability: implement inclusive Female middle
managers (%) 22.2% 24.2%
work travel services
3 Promote initiatives to spread Women in selection
intercultural inclusion culture processes (%) 50 50 74
 Sustainability and Innovation in the
Procurement Process - Suppliers and Contractors
+ Innovation by vendors
Health & Safety
Partnerships Procurement involves
Environment Circular Economy
Human Rights & Social with suppliers suppliers in some innovation
challenges
Performance
Scouting Qualification Tender Contract Mgmt

Human Rights & Ethics Sustainability K-factors Human Rights & Ethics Vendor rating
Health & Safety Requirements HSE attachment Consequence
Environment Circular by design Additional obligations management
Integrity Material Passport from sustainability
Targets
Pre-tender workshops
Design to Value
Targets
2022 2025
Qualified supplier assessed
for ESG performance1 (%)
100 100

1. For health & safety, environmental and human rights aspects. Rounded figured. 75
 Sustainability initiatives with local communities

An approach along the entire value chain: business

Key pillar of our strategy is to establish development, supply chain & design, engineering and
solid, long-lasting relationships with local construction, operation and maintenance up to the end of life
communities, integrating socio-economic through:
factors within business processes proactive stakeholder engagement and addressing
community needs in the design phase of our initiatives;
sustainable and circular approach embedded along the
entire value chain;
promoting inclusive business initiatives for vulnerable
clients (both physical, social and economic).

Value created for communities

2022 2030
Quality
0.7 2.0
education1
Affordable and
1.6 3.0
clean energy1
Decent work, inclusive and
0.5 0.6
sustainable economic growth1 76
1. Mn beneficiaries from Sustainability Initiatives. Cumulated figures since 2015
 Environmental Sustainability
Biodiversity
Valuation of Ecosystem Services - Natural Heritage of Enel Chile
IDENTIFICATION PHASE I PHASE II PHASE III PHASE IV

Definition of the logistics Identification of relevant Hierarchy, Materiality, and Management Plan based
strategy properties' group environmental and social Validation of Ecosystem Services InVEST Software Extension** on the value and capacity
association aspects of Ecosystem Services

77
 Health & Safety
Health & Safety Management system is based on hazard identification, on qualitative
and quantitative risk analysis. Certification of the whole Group according to ISO
45001 and relative implementation
Data driven Data-driven approach based on digital tools, dashboard and analytics, used
performance both for prevention and Consequence Management
evaluation
Focus on serious injuries (absence from work of more than 3 days)
and dangerous events (High Potential)

Culture 2022
dissemination
A specific function (SHE Factory) promotes the
dissemination of a different cultural approach to Lost Time Injury
Health, Safety, Environment issues by everyone 0.73
Frequency Rate1

Safety on Integration into the procurement processes. Suppliers Life changing 1

supplier are monitored both in qualification system, and in the accident
management
contract execution phase through a control system
(e.g. Supplier Performance Management (SPM),
Fatal accidents 0
Contractor Safety Assessments, Evaluation Groups,
operational controls in the field)
1. Number of accident with at least one day of absence from work / million worked hours.. 78
Circular economy : some examples

2022 Circular economy main project streams:

Decommissioning Sale and Internal reuse of materials, spare

and grid mining parts and equipment

Sale of waste water enables efficiency

Industrial
improvement at San Isidro power plant,
symbiosis resulting in savings of freshwater purchase.

Public and private collaboration to develop

Second life of PV
economic and technical standards to enable a
modules secondary market of PV modules in Chile
Q3 2022 2022
Circular water Passive harvesting of air humidity to avoid
supply at PV plants freshwater supply in the desert Material recovered 0.5 0.6
(kt)
Sustainable First 500 concrete poles with 45% recycled GHG avoided 0.5 2.4
concrete aggregates to be produced by 2022 (kt CO2eq)

79
Innovation : Haru Oni H2 plant – First of its kind

3.2 MW

5,000 EOH

1.2 MW

The project Integration of variable renewable energy generation for

hydrogen production using PEM technology
Green hydrogen delivered to our partner for e-Methanol
and e-Fuels production
COD received at YE 2022
80
Environmental sustainability
CO2 emission targets

2021 2022 2023 2024 2025 2040

SCOPE 1
GENERATION
(gCO2e/kWh)
273 218 <100 <90 <105 0

Zero Emissions
Main actions

Accelerate renewables deployment

Exit from Gas by 2040

Pushing electrification of our clients

81
No use of carbon removal
 ESG raters and rankings1

88 88 88 4.6 4.4
84 A- AA AA AA
A
B 3.2 3.4

2019 2020 2021 2022 2021 2019 2020 2021 2022 2019 2020 2021 2022
Scale from D- to A Scale from 0 to 5
Scale from 0 to 100 Scale from CCC to AAA

B 89
68
57 B- 83
49 54 -B
C 77
72

2019 2020 2021 2022 2019 2020 2021 2022 2019 2020 2021 2022

Scale from 0 to 100 Scale from C- to A+ Scale from 0 to 100

1. As of July 17, 2023.
Policies, principles and codes
Ethics, Integrity, Human Rights, and Diversity
• Ethical code
• Zero Tolerance Plan for Corruption
• Global Compliance Program on Corporate Criminal Liability
• Criminal Risk Prevention Model
• Compliance Program for Free Competition Regulations
• Human Rights Policy
• Diversity Policy
• Privacy and data protection policy
Corporate Governance:
• Corporate Governance practices
• Action protocol in dealing with public officials and public authorities
• Protocol of acceptance and offering of gifts, presents, and favors
• Induction procedure for new Directors
• Procedure for permanent training and continuous improvement of the Board of Directors
• Information procedure for shareholders about the background of candidates for Director
• Habituality policy
• Tax transparency and reporting
• Engagement policy
• Manual for the management of information of interest to the market
Sustainability:
• Sustainability and Community Relations Policy
• Environmental policy
• Biodiversity conservation 83
Regulatory framework
Annexes

84
 Electricity sector - Main regulatory entities
Autonomous organizations

PRESIDENCIA
Panel de Expertos

MINISTERIO DE
ENERGÍA Coordinador
Eléctrico
MINISTERIO DE
ENERGÍA
(Subsecretario)
Empresas Eléctricas
(AG)

SUPERINTENDENCIA COMISION COMISIÓN CHILENA AGENCIA CHILENA

ELECTRICIDAD Y NACIONAL DE DE ENERGÍA DE EFICIENCIA Asociación Gremial
COMBUSTIBLES ENERGIA (CNE) NUCLEAR ENERGÉTICA
Generadores (AGG)

Asociación Chilena de
Energías Renovables y
Almacenamiento
(ACERA)
Government Regulator Market coordinator Arbitration body Business associations
85
 Electricity sector - Business segments

Generation Transmission Distribution

(Natural Monopoly) (Natural Monopoly)
Generation
companies
Unegulated
customers

Transmission Subtransmission
Spot market
Distribution
Contracts grids

Regulated customers

Generation
companies Free clients

VNR1: USD 1,537 million

(VNR Dec. 2018)

1. VNR: Spanish acronym for New Replacement Value (Valor Nuevo de Reemplazo). 86
 Generation business - Revenue sources

Capacity payment Energy sales Ancillary services

Spot market Intended to provide a
Defined by the Supply and demand determine the hourly reliable, safe and quality
regulator marginal price
operation of electricity
Regulated Prices system through the
Fixed payment Weighted average cost of the future market performance of technical
according to power marginal cost set by the regulator
resources
plant availability and
its generation Supply auctions
Long-term regulated contracts, 10-20 years term Defined by the regulator
technology
Free market Payment allocated through
Bilateral contracts with unregulated clients
Medium & long-term PPA’s, 5-15 years term auctions, bids and direct
instruction

87
Regulated Tariff - Generation segment

The CNE organizes public biddings for long-term energy supply for regulated
clients. Awarding of the electricity tender seeks the most efficient mix for
customers. The resulting lower price is passed through to customers.

Short-term average price: Fare adjustments will be carried out twice per year.

Energy prices can be indexed according to the price of coal, natural gas, CPI,
etc. Since 2016 regulated biddings, prices are mostly indexed to US CPI.

Surpluses from regulated contracts can not supply unregulated contracts.

88
 Regulated Tariff - Bill components breakdown1

Bill of final client

(Average)
Energy Transmission Distribution
cost cost cost (VAD)

74% 10% 16 %

1. Source: Enel Chile 2022 Sustainability Report. 89

Regulated Tariff - Distribution segment

Indefinite administrative concessions (DFL1 - 1982)

Tariff cycle: 4 years – Tariff process for 2020-2024 period in progress

Return on investment according to the value of assets:

• Recognition of asset value according to optimized network (New Replacement Value of
an optimized network)
• WACC: Set by law since 1982 (8.6% post Tax) – Now Variable discount rate of 6% post Tax
• Only one study made by an external Consultant for the CNE, that can be appealed
Experts board (Panel de Expertos) to resolve disputes between regulator and agents

Asymmetric range to be used to check industry profitability (-3% to 2%) over calculated
remuneration

Annuity of the investment + taxes

VAD New Capital Operation & Energy and

Income taxes
(Distribution
Added
= Replacement
Value
x recovery
factor
+ adjustment + maintenance
costs
+ capacity
losses
Value)
Efficient networks Discount rate Efficient Model network
after taxes. management result
Useful life of
assets: ~30 years

90
Corporate presentation
Disclaimer
This presentation contains statements that could constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These statements appear in a number of places in this announcement and include
statements regarding the intent, belief or current expectations of Enel Chile and its management with respect to, among other
things: (1) Enel Chile's business plans; (2) Enel Chile's cost-reduction plans; (3) trends affecting Enel Chile's financial condition
or results of operations, including market trends in the electricity sector in Chile or elsewhere; (4) supervision and regulation of
the electricity sector in Chile or elsewhere; and (5) the future effect of any changes in the laws and regulations applicable to
Enel or its subsidiaries. Such forward-looking statements are not guarantees of future performance and involve risks and
uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of various factors.
These factors include a decline in the equity capital markets of the United States or Chile, an increase in the market rates of
interest in the United States or elsewhere, adverse decisions by government regulators in Chile or elsewhere and other factors
described in Enel Chile's Annual Report and Form 20-F. Readers are cautioned not to place undue reliance on those forward-
looking statements, which state only as of their dates. Enel Chile undertakes no obligation to release publicly the result of any
revisions to these forward-looking statements. This presentation does not constitute a recommendation regarding the
securities of the Company. This presentation does not contain an offer to sell or a solicitation of any offer to buy any securities
issued by Enel Chile or any of its subsidiaries.
The figures included in this presentation are rounded.
91
Corporate presentation
Contact us

Contacts
Email: ir.enelchile@enel.com

Channels – Follow us

Isabela Klemes
Head of Investor Relations Enel Chile
Website
Investor Relations team Enel.cl
Catalina González
Claudio Ortiz Download the investor relations app
Carla Rojas iOS Android
Francisco Basauri - ESG
Monica de Martino - NY Office Mobile App
Enel Investors

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