Corporate Presentation
Enel Américas
March 2024
Key considerations
Diversified investment vehicle in the region with ESG principles integrated in our long-term strategy
Grids: Focus on countries with constructive regulation, maximizing
RAB growth
Generation: Selective investments based on a risk-rewardmatrix by tech/country to maximize returns
Focus our efforts on strategic countries and assets aligned with faster energy transition and electrification
Prioritize products and services that can accelerate electrification
Strong liquidity and sound financial policies to support our growth goals
11
Index
- Enel Américas at a glance
- 2024-2026Strategic Plan
- Q4 & FY 2023 Results
Enel Américas at a glance
Enel Américas at a glance
2023 | |
Reported EBITDA (US$ bn) | 3.7 |
Group Net Income (US$ bn) | 0.9 |
CAPEX (US$ bn) | 3.0 |
Net debt / EBITDA (times) | 1.7 |
Installed capacity (GW) | 14.6 |
RES capacity (%) | 90 |
Grid customers (mn) | 23.8 |
Charging points (#) | 9.8 |
Ownership structure1
Retail
Institutional 0.85% investors; 8.51%
Chilean pension
Funds; 8.37%
# shares | Enel S.p.A |
107,279,889,530 | |
82.27% |
Market Cap: US$ 11.9 bn
(1) As of December 31, 2023 | 4 |
Diversified investment vehicle in the region
Enel Américas is Latin America's largest private power company
Corporate simplification
process ongoing
Brazil | Colombia | Central | Argentina | Peru | FY 2023 | ||||||||||||||||||||||||||
America | |||||||||||||||||||||||||||||||
GENERATION | Installed | 5,968 | 4,039 | 705 | 1,328 | 2,589 | 14,629 | ||||||||||||||||||||||||
Market share | |||||||||||||||||||||||||||||||
3%1 | 17%1 | 8%1 | 3%1 | 19%1 | - | ||||||||||||||||||||||||||
capacity (MW) | |||||||||||||||||||||||||||||||
Energy sales | 34.5 | 21.6 | 3.3 | 4.5 | 11.3 | 75.2 | |||||||||||||||||||||||||
(TWh) | |||||||||||||||||||||||||||||||
End users (mn) | 15.4 | 3.8 | - | 2.6 | 1.5 | 23.3 | |||||||||||||||||||||||||
GRIDS | |||||||||||||||||||||||||||||||
Energy sales | 70.1 | 15.3 | - | 18.1 | 8.5 | 112.0 | |||||||||||||||||||||||||
(TWh) | |||||||||||||||||||||||||||||||
Market share | 16%1 | 21%1 | - | 15%1 | 27%2 | - | |||||||||||||||||||||||||
EBITDA | 60% | 37% | 3% | - | - | ||||||||||||||||||||||||||
contribution | |||||||||||||||||||||||||||||||
5 | |||||||||||||||||||||||||||||||
2023 figures. (1) Market share by energy sales for 2023, (2) Market share for September 2023
Gross CAPEX - FY 2023
Investments in Renewables and Grids aligned with our Strategic Plan targets
CAPEX by country
1%
8% 4%
21%
US$ 3.0 bn
(-17% YoY)
66%
Argentina
Brazil
Colombia
Peru
C. America
CAPEX by business1
6%
US$ 3.0 bn | 44% |
(-17% YoY) |
50%
Asset development2 CAPEX by business
3%
14%
US$ 1.6 bn
(-15% YoY)
83%
Grids
Generation
Customers
6
(1) Renewables business' includes trading business; (2) Asset development - Growth investments in generation and Grids (quality programs smart metering)
Generation
Strategic actions
Clear path to organic growth in renewable power generation
Solid pipeline to enable continue value creation
Accelerate positioning within the
energy transition
Portfolio mainly represented by renewable technologies
Net installed capacity | EBITDA1 (US$ mn) | ||||||||||||||||||||||||||
5% | 2% | 2% | +1% | ||||||||||||||||||||||||
3% | |||||||||||||||||||||||||||
~1.8 GW added in 2023 | |||||||||||||||||||||||||||
7% | |||||||||||||||||||||||||||
90% renewables | |||||||||||||||||||||||||||
0.3 | 0.2 | 0.0 | |||||||||||||||||||||||||
14.6 GW | 48% | 2023 | 40% | ||||||||||||||||||||||||
US$ 1.5 bn | 1.5 | 1.5 | |||||||||||||||||||||||||
1.4 | |||||||||||||||||||||||||||
42% | |||||||||||||||||||||||||||
51% | |||||||||||||||||||||||||||
2021 | 2022 | 2023 | |||||||||||||||||||||||||
Hydro | Wind & Solar | CCGT | Argentina | Colombia | Adj. EBITDA | Disposals | |||||||||||||||||||||
Oil-gas | Coal | Brazil | C. America | ||||||||||||||||||||||||
Main KPIs
Installed capacity (GW)
Total Net production (TWh)
Renewable production (TWh)
(1) EBITDA without considering Peru
2021
15.9
48.7
32.8
2022 | 2023 | ||
Energy Sales | |||
16.1 | 14.6 | ||
(TWh) | |||
Free Market sales | |||
53.4 | 50.6 | ||
(%) | |||
39.1 43
2021
71.3
55
2022 2023
88.0 75.2
60 58
7
Robust pipeline of ~48 GW, enabling the path to decarbonization
Gross Pipeline 1 (GW)
~20 | ||||||||||||
~48 | ~1 | ~26 | ||||||||||
0.8 | ||||||||||||
Gross Pipeline | Early Stage | BESS2 | Mature | In Execution |
Gross Pipeline by country
1% 1%
30%
~48 GW
68%
Projects in execution
Country Project MW Tech.
Arinos | 461 |
22% | |
Pedra | 22% |
194 | |
Pintada | |
Guayepo | 190 |
Brazil Colombia Panama Guatemala
Projects in execution and Gross pipeline from Peru are not included. (1) Early stage and mature•are classified based on their development regarding land secured, | |
environmental permits and grids connection, while mature is further along in this process; (2) BESS: Battery Energy Storage System; includes 0.8 GW of mature | 8 |
pipeline and 0.6 GW of early stage pipeline |
Grids
Regulated business with attractive returns
Strategic actions
Main KPIs
EBITDA1 (US$ bn)
Ensure the highest level of quality at the lowest cost across all grids
Improving the digitalization channels in order to reach the clients needs
Keeping the support to our clients on critical periods
Grid customers (mn)
Energy distributed (TWh)
SAIDI (hours) 2,3
SAIFI (times) 2,3
Energy Losses
(%)
Smart meters (th)
2021
26.2
119.8
8.6
4.2
12.7
129
20221 2023
23.3 23.8
122.6 112.0
- 9.0
- 4.3
12.8 12.5
295 709
27%
2023
US$ 2.3 bn
73% | ||
Brazil | Colombia | |
+10%
0.4
0.2
1.8 2.1 2.3
2021 | 2022 | 2023 | ||
Adj. EBITDA | Disposals | |||
(1) Data excludes Enel Dx Goiás for 2021 - 2022; (3) Quality indicators criteria for Colombia and Peru was modified to consider climate event-related cuts | |
and "force majeure" cuts, respectively. | 9 |
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Disclaimer
Enel Americas SA published this content on 18 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2024 15:39:47 UTC.