Q1 2026 Enel Americas SA Earnings Call Transcript
Key Points
- Enel Americas SA (XSGO:ENELAM) reported a 16% increase in EBITDA, reaching $1.17 billion, driven by strong results in Greece and currency appreciation in Brazil and Colombia.
- Net income increased by 9% compared to the same period last year, supported by higher EBITDA and stable financial results.
- The company saw a 10% year-on-year increase in total CapEx, reaching $0.45 billion, with significant investments in grid digitalization and network resilience in Brazil.
- Electricity distributed increased by 2% year-on-year, with higher sales in Brazil, Colombia, and Argentina.
- The company successfully increased its customer base by 377,000 over the last 12 months, reaching 23.1 million customers, and smart meters increased by 65%.
- Net production decreased by 8% at the consolidated level, mainly due to lower wind output in Brazil and reduced hydro generation in Colombia.
- Free cash flow was negative at $0.37 billion, impacted by higher net working capital in Brazil due to temporary higher energy costs.
- Gross debt increased by 8% to $7.4 billion, with net debt rising by 17% compared to the end of 2025.
- The cost of debt increased from 11.4% to 12.8%, driven by higher interest rates in Brazil and increased debt in Argentina.
- Energy sales declined by 8% year-on-year, influenced by lower production and a strategic reduction in trading activity.
Good day, ladies and gentlemen, and welcome to Annual America's first quarter 2026 results conference call. My name is Victor, and I'll be your operator for today.
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 America's and its management, with respect to, among other things, Enel America's business plans, trends affecting Enel America's financial condition, or results of operations, including market trends in the electricity sector, and Chile, the country where the company operates, or elsewhere.
Supervision, and regulation of the electricity sector in Chile, the countries where the company operates or elsewhere, and the future effect of any changes in the laws and regulations applicable to an Americas 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
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