Santiago de Chile, November 6th, 2015 Enel S.p.A. (Enel) has announced that its Chilean subsidiary Enersis S.A. (Enersis) held a presentation today for the financial community to illustrate the main features, purpose and expected schedule of the corporate reorganisation designed to separate the electricity generation and distribution activities in Chile from those carried out in other Latin American countries. This reorganisation was reviewed yesterday by the boards of directors of Enersis and its Chilean subsidiaries Empresa Nacional de Electricidad S.A. and Chilectra S.A. Enel announced that review and the structure of the reorganisation to investors in a press release published today.
The above presentation also contained information on future investments and the financial targets of the Enersis companies following the completion of the corporate reorganisation.
More specifically, for 2016-2019 planned investments are expected to total 6.2 billion US dollars, of which 1.7 billion will be invested in Chile and the remaining 4.5 billion in the other Latin American countries (Peru, Colombia, Brazil and Argentina) in which Enersis operates through its subsidiaries. The following financial targets have also been set:
|ENERSIS CHILE||ENERSIS AMERICAS (POST FUSIONE)|
|EBITDA Margin||33%||38%||39%||EBITDA Margin||33%||36%||37%|
|Net income||0.5||0.6||0.7||11%||Net income||0.6||0.9||1.1||22%|
The full text of the presentation to the financial community has been made available to the public on the Enersis website (www.enersis.cl).
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For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”).
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.