Slides
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Second Quarter & First Half Enel Américas Consolidated results July 30 th , 2025
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Q2 & H1 2025 Key highlights and operational performance Giuseppe Turchiarelli CEO
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\\psf\Home\Desktop\ENELLOGO1.jpg Q2 2025 Key highlights 3 USD 0.30 bn F in. expenses -37% Improvement explained by lower gross debt stock vs Q2 2024 and lower interest rate in Colombia Financial position USD 0.39 bn A dj . Grids CAPEX +26% Grids CAPEX increase mainly in Argentina & Brazil in digitalization & resilience Grids CAPEX EBITDA improvement explained by Dx in Argentina & Brazil and Gx in Colombia & Central America USD 1.16 bn A dj . EBITD A +17% Financial results 10.6 TWh Rene w able genera tion +5% Operational results Relevant increase in solar due to new capacity in Brazil & Colombia; increase in Colombia and Central America led by hydro This presentation includes Enel Gx Piura in its financial figures. Adjusted figures exclude Fx impact
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\\psf\Home\Desktop\ENELLOGO1.jpg Regulatory scenario Key recent and expected developments for our main markets Argentina Other relevant topics An agreement was signed with the Energy Secretariat and CAMMESA to address outstanding commercial debts in the electricity market1 EBITDA effect + USD 99 mn Net income effect + USD 59 mn Dx concession renewal: • Enel Dx Rio technical note published in June 2025; Enel Dx Ceará and Enel Dx São Paulo under analysis Electric sector reform under discussion • 3 core pillars: (1) Tariff justice, (2) Market liberalization, and (3) Sector balance. 5% cap to spot sales: Only for hydro generators Cx tariff review still ongoing Dx tariff review: New guidelines for the process published in July 2025 for comments Chocon renewal: Current contract expires on August 11, waiting for terms and conditions of the tender Reform of the electricity framework: • Restarting bilateral energy contracts • 75% of contracted energy required for Dx companies 4 (1) DNU 186/2025 and Provision No 1/2025 Debt regularization agreement Other relevant topics Brazil Colombia
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\\psf\Home\Desktop\ENELLOGO1.jpg CAPEX by country and business1 30% 30% 40% 31% 30% 39% 73% 26% 1% 72% 27% 1%13% 52% 35% 1% 12% 55% 32% 1% Gross CAPEX Focus on Grids aligned with Strategic Plan goals Q2 2025 USD 539 mn (+5% YoY) USD 388 mn (+16% YoY) USD 539 mn (+5% YoY) H1 2025 USD 945 mn (-12% YoY) USD 945 mn (-12% YoY) USD 688 mn (+7% YoY) 5 Grids Generation Customers Argentina Brazil Colombia C. America Net of Fx Grids CAPEX3 +26% YoY Net of Fx Grids CAPEX3 +19% YoY Grids CAPEX breakdown2 Networks upgrade Ordinary Connections Networks upgrade growth +39% YoY Networks upgrade growth +40% YoY Rounded figures. Does not include Enel Gx Piura’s CAPEX (USD 0.5 mn in Q2’25 and USD 0.8 mn in H1’25). (1) Renewables business’ includes trading business; (2) Networks upgrade include CAPEX in resilience, digitalization & climate change, among others; Ordinary includes asset maintenance CAPEX; (3) Including Fx effect, Grids CAPEX variation is +16% for Q2’25 and +7% for H1’25.
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\\psf\Home\Desktop\ENELLOGO1.jpg 22.4 22.8 H1 2024 H1 2025 53.4 53.4 H1 2024 H1 2025 Grids operational highlights Improvement in SAIDI in Brazil and Colombia and continued deployment of smart meters Rounded figures. (1) Figures net of Fx effect; (2) SAIFI: System Average Interruption Frequency Index; SAIDI: System Average Interruption Duration Index. Last twelv e months regulatory data, aligned to KPIs reported to local regulator. +420k Smart meters (th) 1,7161,006 Net RAB1 (USD bn) 12.511.1 Net RAB / Grid customer1 (USD) 546495 +71% +12% +10% 6 Flat 8.3 7.9Enel Colombia 10.1 9.2Enel Ceará 9.8 7.8Enel Rio 6.9 6.7Enel São Paulo 17.8 18.8Edesur H1 2024 H1 2025 SAIDI (hours) 9.1 8.0 3.8 4.6 4.4 4.6 3.5 3.3 8.2 8.4 H1 2024 H1 2025 SAIFI (times) 7.5% 7.5%Enel Colombia 14.8% 14.1%Enel Ceará 19.7% 20.6%Enel Rio 10.4% 10.4%Enel São Paulo 16.7% 17.9%Edesur Q1 2024 Q1 2025 Electricity distributed (TWh) Quality indicators2 Energy losses Grids customers (mn) Q2 2024 Q2 2025 26.1 26.0 -0.3%
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\\psf\Home\Desktop\ENELLOGO1.jpg Generation operational highlights +1.8 TWh RES generation, with growth in Colombia, Brazil and Central America 7 Net installed capacity (GW) Energy balance1 (TWh) 49% 27% 22% 2% 98% renewables 12.9 GW Hydro Wind Solar Coal 0.5 GW projects in execution 11.4 11.9 12.1 11.4 7.1 13.7 8.2 17.20.5 6.4 0.1 6.4 5.0 4.5 7.9 10.1 32.0 32.0 35.0 35.0 H1 2024 H1 2025 +9% 99%97% Emission-free production Own production Rounded figures, does not include figures related to Enel Gx Piura. (1) First column refers to sourcing (own production and p urchases) and second column refers to sales. Excludes intercompany sales Hydro Renewables Thermal Third party purchases Spot purchases Regulated sales Unregulated sales Spot sales 5.6 6.2 6.1 6.1 4.5 7.1 4.5 8.90.3 3.2 2.7 2.5 3.7 5.9 0.0 16.5 16.5 17.6 17.6 1.1 Q2 2024 Q2 2025 +6% 100%97%
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Q2 & H1 2025 Economic and financial performance Rafael de la Haza CFO
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\\psf\Home\Desktop\ENELLOGO1.jpg 0.42 0.59 Q2 2024 Q2 2025 0.99 1.16 Q2 2024 Q2 2025 Q2’25 Adj. EBITDA increase mainly due to improved hydro conditions in Colombia, higher tariff indexation in Argentina and Brazil, and debt regularization agreement in Argentina Q2’25 Adj. Net income increase explained by higher EBITDA and lower financial expenses related to lower debt stock vs Q2’24 and Fx effect Financial highlights Adj. EBITDA growth on better hydrology in Colombia, tariff indexation in Argentina 9 Adj. EBITDA1 (USD bn) FFO (USD bn) Adj. Net income2 (USD bn) +17% +42% FFO improvement on lower financial expenses and taxes Q2 Rounded figures. (1) Excludes Fx effect (USD -228 mn for H1’25 and USD -102 mn for Q2’25); (2) Excludes contribution from Peruvian operations to Net income (USD 1,862 mn in Q2 2024 and USD 2 mn in Q2 2025; USD 1,970 mn in H1 2024 and USD 12 mn in H1 2025) 0.07 0.19 Q2 2024 Q2 2025 2.07 2.30H1 0.32 0.42 +172% +11% +32% 0.86 1.06 +23%
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\\psf\Home\Desktop\ENELLOGO1.jpg 62% 35% 2% 1% 13% 47% 35% 1% 4% 995 1,164 1,061129 Q2’24 36 Generation Grids (2) Customers 5 Others1 Adj. Q2’25 (102) Fx Q2’25 Rounded figures. (1) Others includes figures related to Enel Gx Piura (USD 8 mn) EBITDA breakdown: Q2 2025 results Positive results in Generation and Grids lead to EBITDA growth EBITDA evolution by business line (USD mn) EBITDA breakdown 10 USD 1,061 mn USD 1,061 mn +7% +17% Grids Generation Customers Others1 Argentina Brazil Colombia Peru C. America USD 99 mn from debt regularization agreement
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\\psf\Home\Desktop\ENELLOGO1.jpg 60% 37% 2% 1% 8% 49% 38% 1%5% 2,072 2,305 2,077 H1’24 83 Generation 124 Grids 5 Customers 21 Others1 Adj. H1’25 (228) Fx H1’25 Rounded figures. (1) Others includes figures related to Enel Gx Piura (USD 16 mn) EBITDA breakdown: H1 2025 results Growth in Dx Argentina & Brazil and Gx Colombia help offset Fx headwinds EBITDA evolution by business line (USD mn) EBITDA breakdown 11 USD 2,077 mn USD 2,077 mn In line +11% Grids Generation Customers Others1 Argentina Brazil Colombia Peru C. America USD 99 mn from debt regularization agreement
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\\psf\Home\Desktop\ENELLOGO1.jpg 2.08 1.06 0.12 EBITDA (0.55) NWC (0.20) Taxes paid (0.26) Net financial expenses FFO (0.95) CAPEX FCF Lower taxes and net financial expenses lead to positive cash generation Cash flow (USD bn) Rounded figures. (1) Net working capital; (2) Funds from operations; (3) CAPEX accrued gross of contributions and connections fees. Differences between CAPEX accrued and CAPEX paid are included in the NWC; (4) Free cash flow. H1 2024 2.07 (0.40) (0.45) (0.36) 0.86 (1.07) (0.21) 12 1 2 3 4
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\\psf\Home\Desktop\ENELLOGO1.jpg Net debt evolution 2.1 4.2 3.1 1.7 Dec. 24 Jun. 25 5.2 5.9 50% 37% 10% 2% 1% 1% 50% 37% 11% 2% 1% Rounded figures. (1) Gross & net debt exclude accrued interests and adjustments after derivatives; (2) Net debt does not incl ude pension fund liability in Dx Sao Paulo. Including Sao Paulo pension fund: 1.2x; (3) Cash and cash equiv. + 90-day cash investments. (4) Includes USD 0.6 bn of tax payments in Peru related to the sale of Peruvian asset s Net Debt Cash3 Gross and net debt1 USD 5.7 bn Gross debt breakdown Cost of gross debt +80 bps 10.3% 11.1%Net debt / EBITDA2 0.6x Country Currency USD 5.7 bn 1.1x 13 Debt (USD bn) Net debt increase due to Fx appreciation vs December 2024, dividend and tax payments 2.1 4.2 0.8 0.9 Dec. 24 (0.1) FCF Dividend paid Extr. Op. & others4 0.4 FX Jun. 25 +97%+13% BRL COP USD ARS PEN Brazil Colombia Holding Argentina C. America Peru
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\\psf\Home\Desktop\ENELLOGO1.jpg 14 Closing remarks EBITDA improvement due to better results in Argentina and better hydrology in Colombia and Central America Solid financial position to execute our CAPEX plan, while lower financial costs boosts net income Continued improvement in FFO due to lower financial expenses and lower taxes Grids CAPEX with a continued focus on reinforce quality and resilience
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Q2 & H1 2025 Annexes
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\\psf\Home\Desktop\ENELLOGO1.jpg Current scenario Local currencies, inflation, electricity distributed and interest rates 16 Macroeconomic variables1 Electricity distributed Interest rates Selic MPR4 June 2024 June 2025 10.50% 15.00% 11.75% 9.25% (1) Source: Central Bank of each country; (2) Average Fx of the period, except for Argentina, which uses end-of-period FX. Panama is a dollarized economy, (3) Last 12 months; (4) Monetary policy rate Local currencies vs USD Inflation3 June 2024 June 2025 -0.4%Panama 0.9% 1.8%Guatemala 3.6% -0.2%Costa Rica 0.0% 4.8%Colombia 7.2% 5.4%Brazil 4.2% 39.4%Argentina 271.5% 0.8% -0.7% -0.9% 0.2% 0.9% -0.3% ∆% Q2 ‘25 vs ‘24 ∆% H1 ‘25 vs ‘24 Colombia Brazil Argentina ∆%H12 ‘25 vs ‘24 - 1% 2% -7% -14% -31% ∆% Q22 ‘25 vs ‘24 - 1% 1% -7% -9% -31%
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\\psf\Home\Desktop\ENELLOGO1.jpg Operating exhibits Distribution companies Distributor Costumers Energy distributed LTM (GWh) SAIDI (hours) SAIFI (times) Energy losses (%) City, Country Concession area (km2) Next tariff review Edesur 2,741,645 17,491 18.8 8.4 17.9% Buenos Aires, Argentina 3,309 2030 Enel Dx São Paulo 8,609,211 44,956 6.7 3.3 10.4% Sao Paulo, Brazil 4,526 2027 Enel Dx Rio 3,142,584 14,781 7.9 4.6 20.6% Niteroi, Brazil 32,615 2028 Enel Dx Ceará 4,293,872 14,275 9.2 4.6 14.1% Fortaleza, Brazil 148,921 2027 Enel Colombia-Dx 4,009,916 15,393 7.9 8.0 7.5% Bogota, Colombia 26,093 2027 Total 22,797,228 106,896 - - - - - - 17
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\\psf\Home\Desktop\ENELLOGO1.jpg 18 Operating exhibits Net installed capacity & Total net production: Breakdown by source and geography MW Hydro Wind Solar Coal Total Argentina 1,328 0 0 0 1,328 Brazil 1,272 3,506 1,845 0 6,622 Colombia 3,097 0 882 226 4,205 Central America 543 0 162 0 705 Total 6,240 3,506 2,889 226 12,861 GWh Hydro Wind Solar Coal Total Argentina 1,344 0 0 0 1,344 Brazil 2,319 6,033 1,337 0 9,689 Colombia 7,278 0 728 147 8,153 Central America 1,142 0 108 0 1,250 Total 12,084 6,033 2,173 147 20,437 Net installed capacity (MW) Total net production (GWh) Does not include Enel Gx Piura
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\\psf\Home\Desktop\ENELLOGO1.jpg Operating exhibits Energy balance of Enel Américas, Brazil and Colombia First column refers to sourcing (own production and purchases) and second column refers to sales. Excludes intercompany sales. Does not include Enel Gx Piura 19 3.3 3.0 6.5 10.8 7.4 14.5 4.4 3.7 3.8 3.3 5.8 8.1 2.5 2.3 18.6 18.6 21.2 21.2 H1 2024 H1 2025 +14% Brazil 1.8 1.6 4.1 5.6 4.1 7.6 2.1 1.8 2.6 4.9 1.0 1.0 1.39.6 9.6 10.4 10.4 0.5 Q2 2024 Q2 2025 +9% Emission-free production 100%100% 100%100% Own production Hydro Renewables Thermal Third party purchases Spot purchases Regulated sales Unregulated sales Spot sales 6.5 6.1 7.3 6.2 2.4 2.30.5 1.8 2.31.6 1.5 0.5 1.2 0.7 1.2 10.3 10.4 10.8 10.8 H1 2024 H1 2025 +5% Colombia 3.5 3.2 3.8 3.2 1.2 1.10.3 1.1 1.20.8 0.8 0.3 0.6 0.3 0.6 5.5 5.5 5.6 5.6 Q2 2024 Q2 2025 +1% 98%93% 100%94% +6% 11.4 11.9 12.1 11.4 7.1 13.7 8.2 17.20.5 6.4 0.1 6.4 5.0 4.5 7.9 10.1 32.0 32.0 35.0 35.0 H1 2024 H1 2025 +8% 5.6 6.2 6.1 6.1 4.5 7.1 4.5 8.90.3 3.2 2.7 2.5 3.7 5.9 0.0 16.5 16.5 17.6 17.6 1.1 Q2 2024 Q2 2025 100%97% 99%97% Enel Américas
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\\psf\Home\Desktop\ENELLOGO1.jpg 10.1 10.2 H1 2024 H1 2025 6.0 6.4 Jun. 2024 Jun. 2025 Operating exhibits Enel X & Retail (1) Includes charging points managed by Enel X Way; (2) Maintenance & Repair; (3) Solar photovoltaic (PV) Jun. 2025Jun. 2024 Δ% 20 Charging points1 (th) Street lighting (th) e-Buses (#) M&R2 contracts (th) PV3 (MWp installed) 11.6 743 925 925 51 13.7 759 926 956 97 +22% +8% 0% +14% +121% Enel X Retail Customers (th) Energy sold (TWh) +6% +1%
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\\psf\Home\Desktop\ENELLOGO1.jpg Q2 2025 Q2 2024 ∆YoY H1 2025 H1 2024 ∆YoY Revenues 3,491 3,376 +3% 6,788 6,749 +1% Gross Margin 1,483 1,403 +6% 2,911 2,860 +2% OPEX (422) (408) +3% (835) (788) +6% Reported EBITDA 1,061 995 +7% 2,077 2,072 +0% D&A1 (405) (354) +14% (765) (701) +9% EBIT 657 641 +2% 1,311 1,371 -4% Net financial results (204) (356) -43% (367) (537) -32% Non operating results (0) 1 <-100% (2) 1 <-100% EBT 453 287 +58% 943 836 +13% Income taxes (172) (167) +3% (313) (358) -13% Discontinued operations 0 1,872 -100% 0 2,002 -100% Non-controlling interest (94) (62) +52% (198) (191) +4% Group Net Income 187 1,931 -90% 432 2,290 -81% Financial exhibits (1) Depreciations, amortizations and impairments 21 Reported results
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\\psf\Home\Desktop\ENELLOGO1.jpg 12% 60% 29% 637 694 Q2 2024 Q2 2025 Quarterly and cumulative results Grids business results YTD EBITDA by country (USD mn) Q2 EBITDA evolution (USD mn) 1,307 (-3% YoY) 22 +9% Argentina Brazil Colombia
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\\psf\Home\Desktop\ENELLOGO1.jpg 33% 52% 13% 2% Quarterly and cumulative results Generation business results YTD EBITDA by country (USD mn)Q2 EBITDA evolution (USD mn) 23 794 (+4% YoY) Argentina Brazil Colombia C. America 374 386 Q2 2024 Q2 2025 +3%
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\\psf\Home\Desktop\ENELLOGO1.jpg Argentina (USD mn) (1) Grids business includes Enel X. Generation business includes trading business. Both, Generation and Grids businesses, inc lude Retail business; (2) “Total” included Holding and Services adjustments. Quarterly results 24 Q2 2024 Q2 2025 % Q2 2024 Q2 2025 % Q2 2024 Q2 2025 % Revenues 13 14 10% 347 449 29% 360 463 29% Procurements and Services -1 -1 19% -228 -234 2% -227 -235 3% OPEX -3 -4 23% -102 -86 -16% -106 -90 -15% EBITDA 9 9 4% 17 129 >100% 27 138 >100% Net Income -4 1 <-100% -64 70 <-100% -75 63 <-100% Gross Capex 0 0 >100% 35 68 95% 35 68 96% Net Production (GWh) 705 825 17% - - - 705 825 17% Energy Sales (GWh) 706 826 17% 4,215 4,250 1% - - - Av. Spot Price ($US/MWh) N.A. N.A. - - - - N.A. N.A. - Energy losses (%) - - - 16.7% 17.9% - - - - Customers (Th) - - - 2,689 2,742 2% 2,689 2,742 2% Total2Generation1 Grids1
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\\psf\Home\Desktop\ENELLOGO1.jpg H1 2024 H1 2025 % H1 2024 H1 2025 % H1 2024 H1 2025 % Revenues 23 27 18% 583 859 47% 606 886 46% Procurements and Services -2 -3 20% -391 -510 30% -394 -512 30% OPEX -14 -7 -51% -166 -197 19% -181 -205 13% EBITDA 7 18 >100% 25 152 >100% 32 169 >100% Net Income -50 4 <-100% 31 52 69% -39 45 <-100% Gross Capex 0 0 >100% 69 115 67% 69 115 67% Net Production (GWh) 1,516 1,344 -11% - - - 1,516 1,344 -11% Energy Sales (GWh) 1,517 1,345 -11% 8,835 8,775 -1% - - - Av. Spot Price ($US/MWh) N.A. N.A. - - - - N.A. N.A. - Energy losses (%) - - - 16.7% 17.9% - - - - Customers (Th) - - - 2,689 2,742 2% 2,689 2,742 2% Generation1 Grids1 Total2 Argentina (USD mn) (1) Grids business includes Enel X. Generation business includes trading business. Both, Generation and Grids businesses, inc lude Retail business; (2) “Total” included Holding and Services adjustments. Cumulative results 25
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\\psf\Home\Desktop\ENELLOGO1.jpg (1) Grids business includes Enel X. Generation business includes trading business. Both, Generation and Grids businesses, inc lude Retail business; (2) “Total” included Holding and Services adjustments; (3) Southeast/Central-west region 26 Brazil (USD mn) Quarterly results Q2 2024 Q2 2025 % Q2 2024 Q2 2025 % Q2 2024 Q2 2025 % Revenues 288 312 9% 1,653 1,759 6% 1,944 2,068 6% Procurements and Services -77 -146 90% -1,092 -1,203 10% -1,166 -1,340 15% OPEX -35 -33 -7% -161 -164 2% -215 -225 5% EBITDA 176 134 -24% 401 391 -2% 564 502 -11% Net Income 79 49 -37% 36 14 -61% 91 70 -23% Gross Capex 132 28 -78% 235 252 7% 361 280 -22% Net Production (GWh) 5,147 5,104 -1% - - - 5,147 5,104 -1% Energy Sales (GWh) 9,554 10,440 9% 18,071 17,917 -1% - - - Av. Spot Price ($US/MWh)3 12 38 >100% - - - 12 38 >100% Energy losses (%) - - - 13.1% 13.1% - - - - Customers (Th) - - - 15,779 16,046 2% 15,779 16,046 2% Total2Generation1 Grids1
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\\psf\Home\Desktop\ENELLOGO1.jpg H1 2024 H1 2025 % H1 2024 H1 2025 % H1 2024 H1 2025 % Revenues 573 608 6% 3,443 3,336 -3% 4,023 3,943 -2% Procurements and Services -172 -282 64% -2,212 -2,215 0% -2,379 -2,483 4% OPEX -65 -62 -5% -337 -340 1% -444 -448 1% EBITDA 337 264 -22% 895 781 -13% 1,200 1,012 -16% Net Income 152 99 -35% 115 87 -24% 241 208 -14% Gross Capex 340 60 -82% 451 458 1% 792 518 -35% Net Production (GWh) 8,916 9,689 9% - - - 8,916 9,689 9% Energy Sales (GWh) 18,557 21,162 14% 36,891 36,961 0% - - - Av. Spot Price ($US/MWh)3 12 33 >100% - - - 12 33 >100% Energy losses (%) - - - 13.1% 13.1% - - - - Customers (Th) - - - 15,779 16,046 2% 15,779 16,046 2% Generation1 Grids1 Total2 (1) Grids business includes Enel X. Generation business includes trading business. Both, Generation and Grids businesses, inc lude Retail business; (2) “Total” included Holding and Services adjustments; (3) Southeast/Central-west region 27 Brazil (USD mn) Cumulative results
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\\psf\Home\Desktop\ENELLOGO1.jpg Colombia (USD mn) 28 Quarterly results (1) Grids business includes Enel X. Generation business includes trading business. Both, Generation and Grids businesses, inc lude Retail business; (2) “Total” included Holding and Services adjustments. Q2 2024 Q2 2025 % Q2 2024 Q2 2025 % Q2 2024 Q2 2025 % Revenues 465 383 -18% 579 530 -8% 988 859 -13% Procurements and Services -261 -158 -39% -317 -291 -8% -521 -394 -24% OPEX -32 -26 -20% -43 -66 54% -75 -92 22% EBITDA 172 199 16% 220 174 -21% 392 373 -5% Net Income 90 93 3% 93 44 -52% 183 137 -26% Gross Capex 33 111 >100% 81 75 -8% 115 186 62% Net Production (GWh) 4,045 4,179 3% - - - 4,045 4,179 3% Energy Sales (GWh) 5,526 5,553 1% 3,810 3,845 1% - - - Av. Spot Price ($US/MWh) 112 30 -73% - - - 112 30 -73% Energy losses (%) - - - 7.5% 7.5% - - - - Customers (Th) - - - 3,909 4,010 3% 3,909 4,010 3% Grids1Generation1 Total2
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\\psf\Home\Desktop\ENELLOGO1.jpg H1 2024 H1 2025 % H1 2024 H1 2025 % H1 2024 H1 2025 % Revenues 902 794 -12% 1,162 1,071 -8% 1,956 1,758 -10% Procurements and Services -486 -334 -31% -657 -592 -10% -1,034 -817 -21% OPEX -59 -48 -19% -79 -105 33% -138 -153 11% EBITDA 357 412 15% 427 374 -12% 785 788 0% Net Income 180 209 16% 176 131 -25% 356 340 -4% Gross Capex 56 181 >100% 147 125 -15% 204 306 50% Net Production (GWh) 7,538 8,153 8% - - - 7,538 8,153 8% Energy Sales (GWh) 10,355 10,826 5% 7,642 7,615 0% - - - Av. Spot Price ($US/MWh) 130 62 -53% - - - 130 62 -53% Energy losses (%) - - - 7.5% 7.5% - - - - Customers (Th) - - - 3,909 4,010 3% 3,909 4,010 3% Generation1 Grids1 Total2 Colombia (USD mn) 29 Cumulative results (1) Grids business includes Enel X. Generation business includes trading business. Both, Generation and Grids businesses, inc lude Retail business; (2) “Total” included Holding and Services adjustments.
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\\psf\Home\Desktop\ENELLOGO1.jpg Central America (USD mn) 30 Quarterly & cumulative results Q2 2024 Q2 2025 % H1 2024 H1 2025 % Revenues 83 81 -2% 163 165 1% Procurements and Services -58 -29 -50% -83 -49 -41% OPEX -8 -8 1% -17 -16 -5% EBITDA 17 44 >100% 64 100 56% Net Income 0 18 <-100% 18 46 >100% Gross Capex 2 4 >100% 3 6 74% Net Production (GWh) 428 517 21% 1,077 1,250 16% Energy Sales (GWh) 762 795 4% 1,568 1,683 7% Central America
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\\psf\Home\Desktop\ENELLOGO1.jpg Peru (USD mn) 31 Quarterly & cumulative results Q2 2024 Q2 2025 % H1 2024 H1 2025 % Revenues - 19 n.a. - 37 n.a. Procurements and Services - -9 n.a. - -16 n.a. OPEX - -3 n.a. - -5 n.a. EBITDA - 8 n.a. - 16 n.a. Net Income - 2 n.a. - 12 n.a. Gross Capex - 1 n.a. - 1 n.a. Net Production (GWh) - 58 n.a. - 132 n.a. Energy Sales (GWh) - 101 n.a. - 208 n.a. Peru
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\\psf\Home\Desktop\ENELLOGO1.jpg 2025 2026 2027 After 2027 0.6 1.5 0.6 3.1 Consolidated financial position Liquidity, debt maturities and credit profile 32 Liquidity position Debt maturities (USD bn) 11% 26% 11% Maturities / Gross debt Average maturity of 3.5 years Baa2/Stable (June 2025) BBB-/Negative (June 2025) BBB+/Stable (March 2025) AA/Stable (June 2025) Credit profile 42% 58% Committed credit lines Cash and cash equivalents USD 2.9 bn
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\\psf\Home\Desktop\ENELLOGO1.jpg IndependentExecutive of the Enel Group Corporate governance structure 57% 29% 14% Shareholders’ meeting Audit firm Board of Directors (7 members) Directors Committee BoD’s composition Functions: Audit committee Sustainability committee Related parties' transactions 33 Non-executive elected by Enel SpA
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\\psf\Home\Desktop\ENELLOGO1.jpg 29% 29% 14% 14% 14% Chilean Italian Colombian Spanish Brazilian Board composition 57% 14% 14% 14% 0-3 years 6-9 years 9-12 years Over 12 years 86% 14% Board of Directors Board of Directors’ diversity DirectorLuca Lo Voi ChairmanBorja Acha Besga Roberto Deambrogio José Antonio Vargas Iris Boeninger Britaldo Soares Tenure diversity Gender diversity Nationality diversity Male Female IndependentExecutive of the Enel Group Director Director Directors’ Committee Hernán Somerville Senn Directors’ Committee (C) Director Directors’ Committee Director Director 34Non-executive elected by Enel SpA
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\\psf\Home\Desktop\ENELLOGO1.jpg Ethics, Integrity, Human Rights, and Diversity Corporate Governance: Sustainability: • 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 – Investor Relations • Bylaws • Manual for the Management of Information of Interest to the Market • 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 • Sustainability and Community Relations Policy • Environmental policy • Biodiversity policy Enel Américas - Policies, principles and codes 35
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\\psf\Home\Desktop\ENELLOGO1.jpg This presentation contains statements that could constitute forward-looking statements. These statements appear in a number of places in this presentation and include statements regarding the intent, belief or current expectations of Enel Américas and its management with respect to, among other things: (1) Enel Américas’ business plans; (2) Enel Américas’ cost-reduction plans; (3) trends affecting Enel Américas’ 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 Américas or its subsidiaries. Such forward-looking statements reflect only our current expectations, 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, an increase in the market rates of interest, adverse decisions by government regulators in Chile or elsewhere and other factors described in Enel Américas’ Annual Report. Readers are cautioned not to place undue reliance on those forward-looking statements, which state only as of their dates. Enel Américas undertakes no obligation to release publicly the result of any revisions to these forward-looking statements, except as required by law. Q2 & H1 2025 Consolidated results Disclaimer 36
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\\psf\Home\Desktop\ENELLOGO1.jpg Q2 & H1 2025 Consolidated results Contact us Contacts Email - ir.enelamericas@enel.com Jorge Velis Head of Investor Relations Investor Relations team Nicolás Gracia Claudio Ortiz Sebastián Cisternas Francisco Basauri - ESG Channels Website www.enelamericas.com Mobile App Enel Américas Thank you. iOS Download App Android 37
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