Fourth Quarter & Full Year

Enel Américas

Consolidated results

March 1st, 2024

Q4 & FY 2023

Key highlights and operational performance

Aurelio Bustilho

CEO

Key highlights

Operational

Financial

Profitability

Corporate

performance

results

simplification

1.8GW

US$4.5bn1

US$0.9bn

Anti-trustapproval

Additionalcapacity

+9%vsPY

Groupnetincome

DxassetsinPeru

Continued renewables

FY2023 Adjusted EBITDA

In line with target,

Assets disposal plan on

execution in line with our

increase mainly driven by

improvement mainly due to

track with announcement

energy transition goals

Dx Brazil and Renewables,

comparison base effect

on our Strategic Plan

in line with target

(1) For additional details on EBITDA adjustments, see page 23

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FY 2023 Enel Américas results

Improvements across the board of our managed perimeter

FY'22

FY'23

%

Installed capacity (GW)

12.9

14.6

+14%

Net production (TWh)

43.8

48.9

+12%

Energy sales (TWh)

75.5

73.5

-3%

Grid customers (mn)

23.3

23.8

+2%

Energy sales (TWh)

107.6

112.0

+4%

Smart meters (th)

295

709

~2.4x

EBITDA (US$ bn)

4.2

4.4

+6%

CAPEX (US$ bn)

3.1

3.0

-4%

Net debt (US$ bn)

6.9

7.4

+8%

Net debt / EBITDA1 (times)

1.6

1.7

+0.1

Solid growth across our businesses in line with our strategy

Operational, economic and financial data excludes sold assets (Enel Goiás, Enel Fortaleza, CIEN, Costanera and Docksud) and one-offs, and includes Perú, comparing the same perimeter managed by Enel Américas in both periods. (1) Does not include Sao Paulo pension fund.

Generation operational highlights

Solid growth in RES net production; emission-free production reached 85%

Net installed capacity (GW)

3%

5% 2%

~1.8 GW added in 2023

90% renewables

14.6

Hydro

48%

Wind & Solar

42%

GW

CCGT

Oil-gas

Coal

Net production

Energy sales1

Net production (TWh)

-5%

-12%

0.2

53.4

0.6

50.6

12.9

1.6

0.0

12.4

2.3

4.7

0.2

11.3

0.6

14.7

2.7

0.3

13.5

3.1

0.9

3.6

28.3

6.5

6.4

25.7

74%

88%

73%

85%

Q4 2022

Q4 2023

FY 2022

FY 2023

Energy sales (TWh)

-15%

-12%

88.0

75.2

25%

20.8

18%

18.4

25%

16%

35%

40%

37%

42%

38%

42%

40%

42%

Q4 2022

Q4 2023

FY 2022

FY 2023

Hydro Wind & Solar

CCGT

Oil-gas

Coal Emission-free production

Spot Unregulated

Regulated

(1) Excludes intercompany sales.

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Renewables development

~1.8 GW of add. capacity in 2023 in Brazil, Colombia, Peru and Panama

FY CAPEX breakdown

3% 2%

23%

US$

1.3 bn

72%

Projects in execution

23%

Brazil

0.8

Colombia

Peru

GW

C. America

77%

Gross pipeline1 (GW)

~20

~1

~26

~48

0.8

Gross Early Stage BESS 2

Mature

In

Capacity added in 2023:

Tech

COD

897 MW

2024

507 MW

0.6 GW

0.8 GW

300 MW

0.2 GW

2025

0.02 GW

47 MW

Pipeline

Execution

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,

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while mature is further along in this process; (2) BESS: Battery Energy Storage System; includes 0.8 GW of mature pipeline and 0.6 GW of early stage pipeline

Grids operational highlights

Digitalization efforts and increase in net RAB to drive future growth and profitability

Electricity distributed (TWh)

Grid customers (mn)

Quality indicators1,2,3

122.6 +4%

15.0 112.0

+6%

31.3

29.2

3.7

107.6

+460k

23.3 23.8

SAIDI (hours)

FY 2022

FY 2023

Argentina

13.9

19.5

Brazil

7.8

7.8

Colombia

5.3

5.9

Peru

10.2

10.5

Average

8.2

9.0

SAIFI (times)

FY 2022

FY 2023

4.8

7.9

3.8

3.7

3.9

4.6

2.9

2.7

3.9

4.3

27.6

Energy losses3

FY 2022 FY 2023

Q4 2022

Q4 2023

FY 2022

Current perimeter

Goiás

FY 2023

FY 2022

Smart meters

295

(th)

Net RAB

11.9

(US$ bn)

Net RAB / Grid

509

customer (US$)

FY 2023

709 ~2.4x

13.5 +14%

569 +12%

Argentina

17.1%

16.8%

Brazil

13.5%

13.0%

Colombia

7.5%

7.5%

Peru

8.2%

8.7%

Average

12.8%

12.5%

(1) SAIDI: System Average Interruption Frequency Index; SAIDI: System Average Interruption Duration Index; (2) Data excludes Enel Dx Goiás for 2022; (3) Quality indicators criteria for Colombia and Peru was

7

modified to consider climate event-related cuts and "force majeure" cuts, respectively.

Q4 2023

FY 2023

Gross CAPEX

Completing renewable projects in core countries, continued focus on Grids

CAPEX by country

CAPEX by business1

Asset development2 CAPEX by business

2%

1%

11%

6%

14%

22%

US$ 772 mn

US$ 772 mn

41%

US$ 409 mn

(-45% YoY)

(-45% YoY)

(-56% YoY)

65%

53%

Argentina

85%

Brazil

Grids

1%

Colombia

Generation

3%

Peru

8% 4%

Customers

C. America

6%

14%

21%

US$ 2,963 mn 44%

US$ 2,963 mn

US$ 1,581 mn

(-17% YoY)

(-17% YoY)

(-15% YoY)

50%

66%

83%

(1) Renewables business' includes trading business; (2) Asset development - Growth investments in generation and Grids (quality programs smart metering)

8

Q4 & FY 2023

Economic and financial performance

Financial highlights (US$ mn)

Adjusted EBITDA increase mainly due to Dx Brazil and Renewables

Q4 2022

Q4 2023

Δ% YoY

FY 2022

FY 2023

Δ% YoY

Reported EBITDA

1,239

849

-31.5%

4,169

3,749

-10.1%

Adjusted EBITDA

1

1,103

992

-10.1%

4,187

4,545

8.5%

Net financial results

(169)

(233)

37.7%

(647)

(742)

14.6%

Reported Group net income

2

59

82

38.6%

(44)

864

n.m.

Net debt (Dec-22 vs Dec-23)

3

6,868

6,543

-4.7%

Adjusted EBITDA

FY 2023 increase mainly due to Dx Brazil on tariff indexation and Renewables on higher production

Net financial results

Higher interest rates in Brazil and Colombia, coupled with an increase in gross debt in Colombia

Reported Group net income

Explained mainly by comparison base effect (Brazil asset sales, impairments)

(1) For additional details on EBITDA adjustments, see page 23; (2) Attributable net income to controlling shareholders; (3) FY 2022 includes US$ 807 mn of net debt of deconsolidated assets

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Enel Americas SA published this content on 01 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2024 13:55:05 UTC.