Enel Generación Perú: revenue grew 15.5 % in the first semester after the recovery of energy demand in the country

Lima, July 27^th, 2021.– Today, Enel Generación Perú S.A.A. published its financial and operating results for the first semester of 2021.

“The demand for electricity in Peru has recovered its momentum and this has had a positive impact on the financial results of the company at the end of the first half of 2021. We are very confident that this situation will continue throughout the year. The country has been working hard on its economic recovery and at Enel we are prepared to accompany the main productive sectors in this process”, commented Marco Fragale, Country Manager of Enel Perú.

MAIN FINANCIAL RESULTS

(Millions of Peruvian Soles)

• REVENUE: increased due to higher energy sales (+ 7.4 %) resulting from the recovery of our customers' consumption this year. This stands in comparison to the previous period when there was partial paralysis of various economic sectors since the second quarter of 2020 due to the pandemic.
• EBITDA: increased due to higher revenues from energy sales and a favorable out-of-court settlement with a company supplier. These factors offset the higher gas purchases made in this period, in response to the increase in thermal generation because of the growth in demand.  
• NET INCOME: increased because of better operating performance, which offsets the negative effect of the exchange rate and an increase in taxes due to a higher tax base.
• DEBT WITH THIRD PARTIES: decreased by 7 million soles in line with the financial obligation payment schedule. It should be noted that this year the company started a financial leasing operation to conduct fitting works in a new building that will function as its corporate headquarters in Lima.     
• CAPEX: remained in line with the same period of the previous year, mainly focused on developing automation and digitization activities for the company's operations. Likewise, the company has been conducting various activities associated with the operation and maintenance of its facilities in line with its investment plan.

MAIN OPERATING RESULTS

• NET POWER GENERATION (GWh): increased by 91 % due to higher thermal generation, going from 711 GWh to 1,356 GWh in 2021 in response to the increase in demand in the country. Additionally, hydroelectric generation increased by 5 %, going from 1,785 GWh to 1,877 GWh in 2021 due to the greater availability of water resources in the country.
• ENERGY SALES (GWh): increased by 262 GWh due to higher demand from our customers, as a comparative base effect to the decline in economic activity since the second quarter of 2020 due to the health crisis.