Enel Américas Corporate Presentation, December 2018 - Enel Américas
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Enel Américas Corporate Presentation, December 2018
Enel Américas Overview
Enel Américas overview1
Enel Américas is Latin America´s largest private power company
Brazil
Colombia
Generation
Generation 1,354 MW
3,501 MW 1% Market Share in Installed capacity
21% Market Share in Installed capacity Net Production 4,153 GWh
Net Production 14,561 GWh Sales 21.639 GWh
Sales 18,572 GWh 3% Market Share in Sales
26% Market Share in Sales Distribution
Distribution 17.1 million clients
3.4 million clients Sales Dx 79,596 GWh2
Sales 13,993 GWh 17% Market Share Dx
22% Market Share Dx Transmission
Peru 2,100 MW transmission lines
Generation Argentina
1,985 MW Generation
16% Market Share in Installed capacity 4,419 MW
Net Production 8,181 GWh 13% Market Share in Installed capacity
Sales 10,527 GWh Net Production 14,153 GWh
22% Market Share in Sales Sales 14,163 GWh
Distribution 10% Market Share in Sales
1.4 million clients Distribution
Sales Dx 7,985 GWh 2.6 million clients
31% Market Share Dx Sales Dx 18,304 GWh
16% Market Share Dx
Total Generation Total Distribution
Installed capacity: 11,259 MW Clients: 24.5 million
Energy sales: 64,900 GWh Energy sales: 119,602 GWh2
1.- Source: Company filings and presentations, 2018 expected. 2,- Eletropaulo’s sales annualized. 3
Enel Américas overview
Ownership profile1
ENEL SPA
51.80%
Enel Américas’ shares are traded on:
OTHER
2.60%
SHAREHOLDERS Américas
15.35%
23.06%
CHILEAN PENSION Market Cap2: USD 9.96 Bn
FUNDS
7.19%
OTHER INST.
SHAREHOLDERS
ADR HOLDERS
1. As of September 30, 2018.
2. As of November 30, 2018. 4
Delivery 2016-18
Delivery 2016-18
Main milestones in the period
Total investments of US$3.5 bn in acquisitions
Second phase of the
Volta Grande
Reorganization completed Eletropaulo acquisition
consolidation
(the “Merger”)
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
16 16 16 16 17 17 17 17 18 18 18 18
First phase of the Purchase of 7.5% stake in 1
Enel Dx Goiás (Celg)
Reorganization completed Enel Dx Perú from
consolidation
(the “Spin-offs”) minorities
Key Drivers
Stable and
Capacity to add Capacity to add
Simplification attractive Profitability
value new businesses
Regulation
Creating value in every transaction completed since 2016
4
1. Stake in Enel Dx Perú after the 7.5% acquisition.
Delivery 2016-18
Sustainability, growth, efficiencies and value creation
2016 2018E
People benefited1 Thousand (cumulated) 1,437 2,687
Sustainability
commitment
Index Member Number of indexes 0 42
I&N End users Million 14.1 24.5
Growth
Gx Energy sales TWh 50.6 64.9
Group simplification Number of companies 43 323
Opex reduction
Cumulated
efficiencies4
US$ m ~ 130 ~ 420
Gross Margin US$ bn 3.8 5.0
Value creation
Shareholder return DPADR5 US$ 0.25 0.42
1. Base year 2015. 2. Enel Américas is member of 4: DJSI (Chile, EM and MILA) and FTSE4Good. 3. Not included acquired companies. 4. Base year 2015. 5. Dividend per ADR (1 ADR = 50 shares of Enel Américas). 7
Delivery 2016-18
Financial highlights (US$ bn)
Gross Capex EBITDA
+ 42% + 42%
1.7 3.4 3.4
1.2 2.4 2.4
2016 2018E 2016 2018E
Net Income Opex evolution
+ 70%
- 15%
Minorities 1.7 0.5
Attributable 1.2 0.1 (0.3)
0.5 1.6
1.0 1.3
0.6 1.1
0.4
1.2
0.6
2016 2018E 2016 Fx Fx & CPICPI Efficiencies 2018E without
& Opex Perimeter 2018E
perimeter
Financial results significantly improved since 2016
6
E: Expected
Delivery 2016-18
Shareholders return
Earnings per ADR1 (US$) Dividend per ADR1 (US$) Total Dividend (US$ bn)
+ 112% + 68% + US$ 0.2 bn
0.42 0.5
1.04
0.31 0.4
0.62 0.25 0.3
0.49
2016 2017 2018E 2016 2017 2018E 2016 2017 2018E
Total dividend has increased by about 70% since 2016
E: Expected
9
1. 1 ADR = 50 shares of Enel Américas.
Enel Américas today
Enel Américas today
2018E KPIs and Financial numbers (US$ bn)
EBITDA by business EBITDA by country I&N:
24.5 m end users
7% 16% 13% US$ 11.8 bn RAB6
Argentina
42% Generation Brazil Eletropaulo Large hydro generation:
US$ 3.4 bn US$ 3.4 bn 28% Colombia 6.2 GW capacity
Infrastructure & Networks
51% Peru 55% of total Enel Américas’ capacity
1 37%
Retail and Enel X
6%
Thermal generation:
5.0 GW capacity
Highly flexible and efficient assets
Opex 1.6 Total Net Income 1.7
Free market:
1.6 k free customers
Asset Management2 0.7 Attributable Net Income 1.2
17 TWh energy sales
Asset Development3 0.6 Net Debt 7.0
Enel X:
421 k Public lighting
Customers4 0.4 Market Cap5 9.5 105 Charging infrastructure
Enel Américas is the largest private utility company in LatAm
1. Retail includes free market business. 2. Capex related to investments for recurring asset maintenance. 3. Growth investments in generation and networks (quality programs & smart metering)
4. Capex related to customers (Retail, Enel X (e-Home, e-Industries), Network connections). 5. As of November 23rd, 2018. 6. VNR in Peru. 9Enel Américas today
2018E Generation and I&N
Net production by technology End users by country
1%
6% 10%
14% Argentina
34% Hydro Brazil Eletropaulo
Oil & Gas Colombia
41.0 TWh 24.5 m
CCGT
59% 41% Peru
Coal 29%
6%
Net production by country Distributed energy by country
8%
18%
20%
14% Argentina
34% Argentina
Brazil Eletropaulo
Brazil
41.0 TWh 101 TWh Colombia
Colombia
Peru
24%
36% Peru 36%
10%
Almost 60% of our generation mix is hydro
Brazil represents 70% in terms of end users and 60% of the total distributed energy 10Energy transition and new opportunities in LatAm: our vision
Energy transition and new opportunities
The role of Enel Américas
1 2
Urbanization Communities & People
Concentration in urban areas Access to affordable energy
Demand growth Emission reduction
Grid development and automation Energy efficiency
Interconnections Corporate governance
3 4
New businesses
e-City Market Competition
e-Industries Liberalization
e-Home
e-Mobility
Enel Américas is ready to capture new opportunities in LatAm
14Energy transition and new opportunities
1 Urbanization
% of people living in urban areas1 Change in primary energy demand 2000-20162
1970 2014 2050 Mtoe 4
EU 106 Eurasia
-89
30% 54% 66% United
Latam & Caribe States Japan
Middle China
-73 388 -94
East 1888
Southeast
296 Asia
3 Latam & Caribe India 269
Latin America Africa 453
242
Asia
Africa
Emerging economies have increased their energy
demand as opposed to mature economies
year
A Region in continuous development; population concentrated in megacities and a trend of energy demand increase
1. United Nations 2014. 2. Source: IEA, WEO 2017, Enerdata, EC statistics. 3. Source: RED 2017 CAF-banco de desarrollo de América Latina. 4. Million Tonnes of Oil Equivalent 13
.Energy transition and new opportunities
2 Communities and people
Enel Group Enel % Enel
Target Américas Américas
Engaging local communities (m beneficiaries) 2018E1 2020 2018E1 / Group
High-quality, inclusive and fair education 0.9 0.8 0.3 38%
Access to affordable and clean energy
mainly in Africa, Asia and Latin America 2.22 3.0 2.0 92%
Employment and sustainable and
inclusive economic growth 1.8 3.0 0.3 18%
Climate change 2018E 2020 2018E 2018E
Reduction of CO2 specific emissions (kg/kWheq) 0.39Energy transition and new opportunities
3 Enel X 4 Market competition
Energy sales (TWh)
Demand response and storage solutions ~ 2x
Smart lighting for cities
for C&I1 customers
32.0
Electric mobility in LatAm Energy efficiency solutions 17.3
2018E 2021
Enel X Gross capex 2019-21 (US$ m)
2% Energy market liberalization Starting over sales in the free market
19%
Market growth and development Increase of power sales plan and
of gas free market start of gas sales plan
~ 350 47% ~ 350 51%
Uncertanty in power prices due Opportunities in the new scenario and
to the situation of Ituango P.P. potential development of gas sales
81%
Brazil
Asset Development Commercial strategy redefinition to
Colombia Low availability of energy for the
Customers Rest of countries free market develop the business
Growing contribution of Enel X and Retail businesses in Enel Américas’ 2019-21 Strategic Plan
15
1. Consumer and industrial.Strategic Plan 2019-21
Strategic Plan 2019-21
Strategic Pillars
Industrial Efficiencies Shareholders
growth return
+ 68% EBITDA US$ 285 m +97% DPS
growth1 - 2 Opex Saving1 growth1
Sustainable
Sustainability long-term value
commitment creation
1. Base year 2018E. A sustainable and solid growth to increase shareholders return
2. M&A not included. 17Industrial growth: Organic growth
Operational targets by business
Infrastructure &
Networks Generation Free market Enel X
End users (m) Thermal Installed Capacity (GW) Free customers power & gas (k) Public lighting (m#)
4% Hydro Installed Capacity (GW)
0% 19% 100%
24.5 25.5 11.3 x 11.3 1.9 0.8
7.2 ELPL 7.6 ELPL 5.0 5.0 1.6
0.4
17.3 17.9 6.2 6.2
2018E 2021 2018E 2021 2018E 2021
2018E 2021
Thermal Generation (TWh)
Distributed energy (TWh) Hydro Generation (TWh)
Electricity sales in free market (TWh) Charging stations (k#)
9%
9% 85% ~115x
120 131
44.6
18 47 41.0 32.0
ELPL
25 ELPL1 17.1
16.9
62% 12.0
59%
84 emission emission 17.3
77 24.1 27.6
free free 0.1
2018E 2021 2018E 2021 2018E 2021 2018E 2021
Hydro generation will increase during the period reaching 62% of our total production
Solid increase in our I&N business, close to double in Retail and relevant expansion of Enel X business in LatAm
18
1. 120 TWh includes annualized proforma distributed energy of Eletropaulo.Industrial Growth: Organic growth
Infrastructure & Networks evolution
EBITDA (US$ bn) WACC2 RAB3 (US$ bn)
25%
89%
2018 2021 14.7
11.8 3.1
0.4 (0.1) 3.6 Edesur 12.5% 12.5%
1.7 1.3
1.3 0.9
1.0
Enel Dx Ceará 12.3% 12.3% 0.9 2.1
2.0
1 Enel Dx Goiás 12.3% 12.3% 2.5
1.9 2.0
0.3
0.1 (0.2) Enel Dx Rio 12.3% 12.3% 3.3
ELPL 0.2 2.7
Eletropaulo 12.3% 12.3% 1.6 1.6
1.6 2018E 2021
Enel Codensa 13.7% 11.8%
Enel Dx Perú Enel Codensa
Enel Dx Perú 12.0% 12.0% Eletropaulo Enel Dx Río
2018E Fx & Opex Efficiencies Tariff/RAB Demand Dx Other 2021
CPI Enel Dx Goiás Enel Dx Ceará
Edesur
+89% of EBITDA growth and +25% of potential RAB increase
1. US$ 1.9 bn includes annualized proforma EBITDA of Eletropaulo. 2. WACC real before taxes. Peru considers ROA. 3. VNR in Peru. 19Industrial growth: Non organic growth
Focus Eletropaulo
Key Drivers @ 2017 Plan 2021
Enel Dx
Ceará EBITDA1 US$ 0.3 bn US$ 0.8 bn
RAB US$ 2.0 bn US$ 2.5 bn
Regulatory review July 2019
Enel Dx
Goiás Efficiencies - US$ 207 m
Enel Dx Río End users 7.2 m 7.6 m
Eletropaulo
Distributed Energy 43 TWh 47 TWh
Total capex invested during the period will amount to US$ 0.9 bn
1: The average USD FX rate for FY 2017 equal to 3.19 BRL only for information purposes. Original data is in Brazilian reais. 22Industrial growth: Non organic growth
Focus Eletropaulo
EBITDA (US$ bn) Eletropaulo operational KPIs
167%
2018E3 2021
0.3 0.8
Energy distributed (TWh) 43 47
0.2
EBITDA/Customer (US$) 42 108
1
0.3
0.1 OPEX/Customer (US$) 77 46
0.2
2018E Efficiencies Operating 2 2021
improvement
Financial and operational key drivers will improve over the period
23
1. US$ 0.3 bn includes annualized proforma EBITDA of Eletropaulo. 2. Net of Fx & Opex CPI. 3. Annualized values.Industrial Growth: Organic growth
Generation evolution
EBITDA (US$ bn) Contracted Energy (TWh)
Brazil Colombia
14% 13.0
15.7
> 9.2 14.3
100% 8.6 8.7 12.7
93% > >
> > 94% > >
100% 89% 70% 100% 96% > 8.6
100% 100% 85% 100% 100% 93%
0.3 1.6 91% 92% 65% 100% 89%
74%
1.4 (0.1)
2018 2019 2020 2021 2018 2019 2020 2021
PPAs1 average duration: 15-30 years2 PPAs1 average duration: 2-4 years
Peru
11.0
10.6 10.7
91%
90% 90% 9.8
81%
2018 2019 2020 2021
2018E Fx & Opex CPI Volume 2021
PPAs1 average duration: 5-7 years
Securing profitability through long-term PPAs
1. Power Purchase Agreement. 2. Volta Grande’s PPA duration: 30 years. 24Industrial Growth: Organic growth
Free market: positioning & market liberalization
EBITDA evolution (US$ m) Enel Américas free energy sales (TWh)
Argentina Brazil
64%
12.0
6.1
0.0 5.2
3
12 2 2018E 2021 2018E 2021
72
Market Market 3% 5%
9 0% 18%
Share: Share:
1
44
Colombia Peru
7.0 6.9 6.9
5.2
2018E Fx & Argentina Brazil Colombia Peru 2021 2018E 2021 2018E 2021
Opex CPI Market 20% Market
23% 28% 25%
Share: Share:
Market liberalization addressing our growth in the free market business
23Industrial Growth: Organic growth
Enel X
e-City e-Industries
EBITDA evolution (US$ m)
Public lighting Demand response PV
(spots, m#) (MW delivered/year) (MW installed/year)
212%
4 128 253
0.8 45
0.4 1
0
26 2
2018E 2021 2018E 2021 2018E 2021
131
57
e-Home e-Mobility
Collection services Financial services Charging station e-Buses
(transaction, m#) (transaction, m#) (cumulated facilities, k#) (cumulated sales, #)
(3) 6
Credit card
42 1.9
0.9
38.2 12.0 41
1.5 2018E 2021
Micro insurance 0.1 0
2018E 2021
2018E FxFx& Argentina Brazil Colombia Peru 2021 2.5
1.4 2018E 2021 2018E 2021
Opex CPI
2018E 2021
Significant expansion of the Enel X business along the period
24Industrial growth: Organic growth
Capex plan 2019- 21
Total capex Total capex by business Total capex by country
2%
6% 11% 10% 14%
29%
34%
21%
US$ 5.3 bn US$ 5.3 bn US$ 5.3 bn
55%
37% 81%
1 Argentina Brazil Colombia Peru
Asset Development Asset Management Customers Gx I&N Retail Enel X
I&N business captures more than 80% of total capex plan
1. Retail includes free market business. 25Efficiencies
Further efficiencies 2019-211
Enel Américas’ opex exc. Eletropaulo (US$ m) Eletropaulo’s opex (US$ m) Main initiatives
Digitalization
Apply Group standards in technical
maintenance
Efficiency in purchasing
1,284
Quality of service: Reduced costs due to
low quality
1,207 558 Technological and functional convergence
of systems
350 Reducing external costs, mainly services,
travel, introduction of surveillance
technology
2018E 2021 2018E 2 2021 Efficiencies at all levels
New Strategic Plan envisages additional efficiencies for US$285 m
1. Values in real terms. 2. Annualized opex. 26Financial targets
EBITDA1 (US$ bn): Guidance vs previous Strategic Plan
+68%
+ US$ ~0.7 bn Eletropaulo
+ US$ ~0.6 bn Eletropaulo - US$ ~0.1bn Fx effect and others
- US$ ~0.4 bn Fx effect and others
+US$ ~0.2 bn Eletropaulo
- US$ ~0.1 bn Fortaleza +13%
- US$ ~0.4 bn hyperinflation, Fx effect and +5%
others 5.7
5.2
-8% 4.4 4.6
4.2
3.7 3.4
2018E 2019 2020 2021 2021
Previous Plan New Plan 2018E
Improved EBITDA in the coming years mainly due to Eletropaulo’s contribution
27
1. Including Services and Holding costs.Financial targets
FFO1, capex and cash flow 2019-21
FFO and capex (US$ bn) Cash flow generation (US$ bn)2
+106%
-6%
3.5 8.9 (1.9)
3.1
(1.6)
2.3 5.4 (1.8)
1.8 1.9
1.7 1.7 1.6 5
3.6 (2.7)
1.9
0.8 0.7
2018E 2019 2020 2021 FFO 1 Asset Customers 3 FFO after Asset 3
FCF 4 Dividends Net FCF
3
management asset mgmt. Developtment paid
FFO Capex And cust.
Positive Net Free Cash Flow leaves room for a relevant capex plan and attractive dividend payout
1. Funds From Operations. 2. M&A and minorities opportunities not included. 3. Capex. 4. Free Cash Flow. 5. Including US$1.9 bn paid to shareholders of Enel Américas and US$0.8 bn
28
dividends distributed from subsidiaries to minorities.Financial targets
Net debt evolution 2019-21
Net debt breakdown (US$ bn) Net financial expenses on debt (US$ bn)
- 9%
0.8 9.0
8.0 8.0
0.7 7.5 8.0
7.0 7.6 0.7 7.0
7.1 0.6 0.7
0.1 0.3 6.4 0.6 6.0
0.5 0.5
0.6 5.0
0.4
4.0
0.3
6.9 7.3
4.0 6.6 3.0
5.8 0.2
2.0
0.1 1.0
0.0 0.0
2018E 2019 2020 2021 2019 2020 2021
Net Financial expenses Cost of gross debt (%)
Countries Holding
29Financial targets
Guidance 2019-21
EBITDA and Net Income (US$ bn) Net Income evolution (US$ bn) Dividends paid (US$ bn)
+68% +58% +80%
+58%
2.3 (0.2) 0.9
(0.4)
(0.8) 0.8
5.7
5.2 0.6
(0.2)
4.4
0.5
1.9
3.4
1.9 1.2
1.3 1.6
1.2
2018E 2019 2020 2021 2018E EBITDA D&A Financial Taxes Minorities 2021 2018E 2019 2020 2021
charges
EBITDA Attributable Net Income
Dividend policy: 40% 50% 50% 50%
Solid EBITDA and Net Income with a 50% Dividend Policy along the period
30Closing remarks
Closing remarks
1 Successful delivery in the period 2016-18
2 Enel Américas is now a stronger leader in the utilities sector in the Region
3 The Company is well positioned to face the energy transition and new opportunities in LatAm creating long term value
4 Financial targets reviewed upwards versus the previous plan
5 Relevant contribution to the people and communities where we operate with clear environmental, economic, and social goals
32Exhibits
Exhibits
Macro and energy scenario
Local currency vs USD CPI1
14.2% 20.0%
Argentina 6.9% Argentina 17.0%
4.8% 14.0%
-2.7% 4.0%
Brazil 0.0% Brazil 4.2%
2.8% 4.2%
3.4% 3.4%
Colombia 2.3% Colombia 3.4%
2.0% 3.4%
1.2% 2.5%
Peru -2.1% Peru 2.6%
-1.8% 2.5%
2019
Energy demand (TWh) Enel Américas distributed energy (TWh) 2020
2021
143 18.9
Argentina 147 Edesur 19.5
152 20.0
595 82.7
Brazil 610 Brazil 85.1
624 87.4
70 14.3
Colombia 72 Codensa 14.5
73 14.7
52 Enel Dx 8.0
Peru 54 8.3
57 Perú 8.6
1. Consumer Price Index. 34Exhibits
Regulatory cycle of Distribution Companies
Codensa
Clients: 3.4 m
Company Regulatory cycle Next regulatory cycle
Enel Dx Ceará
Clients: 4.0 m
Edesur 5 years 2022
Enel Dx Ceará 4 years 2019
Enel Dx Goiás
Enel Dx Goiás 4 years 2022 Clients: 3.0 mn
Enel Dx Rio 5 years 2023 Enel Dx Rio
Enel Dx Perú Clients: 3.0 m
Clients: 1.4 m
Eletropaulo 4 - 5 years 2019 (3Q)
Eletropaulo
Clients: 7.2 m
Enel Codensa 5 years 2019 (1Q)
Edesur
Enel Dx Perú 4 years 2022 Clients: 2.5 m
37Disclaimer
This presentation does not constitute an offer to sell any securities and is not soliciting an offer to buy any securities in any jurisdiction.
This presentation contains certain “forward-looking statements” regarding anticipated financial and operating results and statistics and other future events relating to Enel Américas S.A. These
statements are not guarantees of future performance and are subject to material risks, uncertainties, changes and other factors which may be beyond Enel Américas’ control or may be difficult to
predict. These statements may constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. The inclusion of these forward-
looking statements should not be regarded as an indication that Enel Américas or any other person considers such projections to be material or to be a reliable prediction of actual future results.
These forward-looking statements are subjective in many respects and there can be no assurance that they will be realized or that actual results will not be significantly higher or lower than
described. As a result, the inclusion of any forward-looking statements in this presentation should not be relied on as necessarily predictive of actual future events. The projections and other
forward-looking statements were based on numerous variables and assumptions that are inherently uncertain. Actual results may differ materially from those projected as a result of such risks
and uncertainties. In addition, the financial projections do not necessarily reflect revised prospects, changes in general business or economic conditions, or any other transaction or event that has
occurred or that may occur and that was not anticipated at the time the projections were prepared.
Forward looking statements include, but are not limited to, information regarding: Enel Américas' business plans, Enel Américas' cost reduction plans, trends affecting Enel Américas' financial
condition or results of operations including market trends in the electricity sector in Chile or elsewhere, supervision and regulation of the electricity sector in Chile or elsewhere, and the future
effect of any changes in the laws and regulations applicable to Enel Américas' or its affiliates. The principal assumptions underlying these forecasts and targets relate to: Economic and Industry
Conditions, Commercial Factors, Political/Governmental Factors, Operating Factors, and Competitive Factors.
The following important factors, in addition to those discussed elsewhere in this presentation, could cause actual financial and operating results and statistics to differ materially from those
expressed in our forward-looking statements, including but not limited to: changes or developments regarding the applicable regulations (which may affect the investment plan of Enel Américas
regarding the regulated activities), legal restrictions applicable to the implementation of the dividends policy, environmental regulations and other legal issues; price of electricity; price and supply
of raw materials; interest rates or exchange rates; availability of fuel; ability to maintain relationship with suppliers, customers and consumer and user protection groups; changes in climate
conditions; widespread adoption energy efficiency measures; inherent risks in the construction of new power generation and distribution facilities; changes in general economic, political,
administrative and business conditions; operating hazards and risks; tax risks; loss of senior management and key personnel; insufficiency of insurance coverage or increase of insurance costs;
failure of systems and information technology and processing; inability to access the capital markets to refinance its debt and finance its capital expenditures; and other factors that could
adversely affect the business and financial results of the Company.
No assurance can be given that the forward-looking statements in this document will be realized. Readers are cautioned not to place undue reliance on those forward-looking statements, which
speak only as of the date of this presentation. Our independent registered public accounting firm has not audited, examined or compiled the forward-looking statements and, accordingly, does
not provide any assurance with respect to such statements. Neither Enel Américas nor any of its affiliates intends, nor undertakes any obligation, to update or revise the forward-looking
statements, whether as a result of new information, future events or otherwise, except as required by law.
35Enel Américas
Contact us
Rafael De La Haza
Head of Investor Relations Enel Américas
Jorge Velis
Investor Relations Manager Enel Américas
Itziar Letzkus
Investor Relations Enel Américas
Javiera Rubio
Email
Investor Relations Enel Américas
ir.enelamericas@enel.com
Phone Gonzalo Juárez
+562 23534682 IR New York Office
María Luz Muñoz
Web site
Executive Assistant
www.enelamericas.com
Thank you.40
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