Q2 2024 Enel Americas SA Earnings Call Transcript
Key Points
- Completion of significant asset sales in Peru, resulting in a positive impact of USD4.4 billion in cash and USD1.8 billion in net income.
- Reinforced commitment to operations in Brazil with investments of BRL14.5 billion for the 2024-2026 period.
- Solid operational indicators with a 7% increase in energy distributed and a 700 MW increase in renewable capacity.
- EBITDA for the second quarter reached USD1 billion, a 4% increase compared to the same period in 2023.
- Net debt decreased by 65%, mainly due to cash received from the sale of Peruvian assets.
- CapEx decreased by 32% compared to the same period last year, reaching USD512 million.
- Negative FX impact of USD52 million on EBITDA for the quarter.
- Operational challenges in Colombia due to difficult weather conditions affecting distribution companies.
- Concerns about delays in permitting and licensing for renewable projects in Colombia.
- Higher financial expenses in Colombia related to a higher stock of debt and FX effects.
Good day, ladies and gentlemen, and welcome to Enel Américas Second Quarter 2024 Results Conference Call. My name is Victor, and I will be your operator for today. (Operator Instructions) Please be advised that today's conference is being recorded.
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 in Americas, business plans and Americas' 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 effects of any changes in the laws and regulations applicable to Enel Américas or its subsidiaries.
Such forward-looking statements only reflect are our current expectations are not guarantees of future performance and involve risks and
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