New Risk • May 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 47% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Board Change • May 05
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia de Alcantara Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Upcoming Dividend • May 05
Upcoming dividend of CL$9.98 per share Eligible shareholders must have bought the stock before 11 May 2026. Payment date: 15 May 2026. The company last paid an ordinary dividend in February 2016. The average dividend yield among industry peers is 4.1%. Board Change • Apr 02
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia de Alcantara Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Mar 18
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia de Alcantara Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. New Risk • Mar 14
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 47% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 06
Full year 2025 earnings released: EPS: CL$33.26 (vs CL$22.15 loss in FY 2024) Full year 2025 results: EPS: CL$33.26 (up from CL$22.15 loss in FY 2024). Revenue: CL$1.70t (up 3.7% from FY 2024). Net income: CL$38.3b (up CL$63.8b from FY 2024). Profit margin: 2.3% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Mar 03
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia Freitas de Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Jan 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia Freitas de Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Jan 13
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia Freitas de Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Dec 22
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia Freitas de Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Nov 14
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia Freitas de Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Sep 17
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia Freitas de Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Aug 22
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia Freitas de Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. New Risk • Aug 03
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Earnings have declined by 60% per year over the past 5 years. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: CL$6.25 (vs CL$7.12 in 2Q 2024) Second quarter 2025 results: EPS: CL$6.25 (down from CL$7.12 in 2Q 2024). Revenue: CL$415.2b (down 8.2% from 2Q 2024). Net income: CL$7.19b (down 12% from 2Q 2024). Profit margin: 1.7% (in line with 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Board Change • Jul 24
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia Freitas de Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Jun 14
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia Freitas de Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • May 29
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia Freitas de Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • May 07
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Julia Freitas de Nunes is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 02
Full year 2024 earnings released: CL$22.15 loss per share (vs CL$12.17 profit in FY 2023) Full year 2024 results: CL$22.15 loss per share (down from CL$12.17 profit in FY 2023). Revenue: CL$1.64t (up 9.1% from FY 2023). Net loss: CL$25.5b (down 282% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Board Change • Feb 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Maurizio Morrica was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Director Marco Fadda was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Nov 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.3x net interest cover). Earnings have declined by 52% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Reported Earnings • Oct 30
Third quarter 2024 earnings released: CL$6.08 loss per share (vs CL$2.80 loss in 3Q 2023) Third quarter 2024 results: CL$6.08 loss per share (further deteriorated from CL$2.80 loss in 3Q 2023). Revenue: CL$453.7b (up 42% from 3Q 2023). Net loss: CL$6.99b (loss widened 117% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. New Risk • Jul 31
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risks High level of debt (48% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.5% net profit margin). Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: CL$7.12 (vs CL$9.13 in 2Q 2023) Second quarter 2024 results: EPS: CL$7.12 (down from CL$9.13 in 2Q 2023). Revenue: CL$453.9b (up 47% from 2Q 2023). Net income: CL$8.19b (down 22% from 2Q 2023). Profit margin: 1.8% (down from 3.4% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 06
Upcoming dividend of CL$2.55 per share Eligible shareholders must have bought the stock before 13 May 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Chilean dividend payers (11%). Lower than average of industry peers (4.7%). Reported Earnings • Apr 30
First quarter 2024 earnings released: CL$1.46 loss per share (vs CL$1.03 profit in 1Q 2023) First quarter 2024 results: CL$1.46 loss per share (down from CL$1.03 profit in 1Q 2023). Revenue: CL$376.4b (up 15% from 1Q 2023). Net loss: CL$1.68b (down 242% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. New Risk • Mar 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Earnings have declined by 44% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: CL$12.17 (vs CL$19.23 in FY 2022) Full year 2023 results: EPS: CL$12.17 (down from CL$19.23 in FY 2022). Revenue: CL$1.51t (up 9.5% from FY 2022). Net income: CL$14.0b (down 37% from FY 2022). Profit margin: 0.9% (down from 1.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jan 08
Upcoming dividend of CL$1.10 per share at 1.0% yield Eligible shareholders must have bought the stock before 15 January 2024. Payment date: 19 January 2024. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Chilean dividend payers (12%). Lower than average of industry peers (4.8%). New Risk • Nov 06
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 40% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.2% net profit margin). New Risk • Nov 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 61% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 40% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). New Risk • Aug 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.6x net interest cover). Earnings have declined by 36% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.4% net profit margin). Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: CL$9.13 (vs CL$5.33 in 2Q 2022) Second quarter 2023 results: EPS: CL$9.13 (up from CL$5.33 in 2Q 2022). Revenue: CL$310.5b (down 8.3% from 2Q 2022). Net income: CL$10.5b (up 71% from 2Q 2022). Profit margin: 3.4% (up from 1.8% in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Upcoming Dividend • May 08
Upcoming dividend of CL$3.85 per share at 1.2% yield Eligible shareholders must have bought the stock before 15 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Chilean dividend payers (13%). Lower than average of industry peers (2.4%). Reported Earnings • May 02
First quarter 2023 earnings released: EPS: CL$1.03 (vs CL$7.12 in 1Q 2022) First quarter 2023 results: EPS: CL$1.03 (down from CL$7.12 in 1Q 2022). Revenue: CL$329.2b (up 16% from 1Q 2022). Net income: CL$1.19b (down 86% from 1Q 2022). Profit margin: 0.4% (down from 2.9% in 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 04
Full year 2022 earnings released: EPS: CL$19.23 (vs CL$14.48 in FY 2021) Full year 2022 results: EPS: CL$19.23 (up from CL$14.48 in FY 2021). Revenue: CL$1.39t (up 20% from FY 2021). Net income: CL$22.1b (up 33% from FY 2021). Profit margin: 1.6% (up from 1.4% in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CL$501, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 10x in the Electric Utilities industry in Chile. Total loss to shareholders of 58% over the past three years. Upcoming Dividend • Jan 09
Upcoming dividend of CL$1.92 per share Eligible shareholders must have bought the stock before 16 January 2023. Payment date: 20 January 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Chilean dividend payers (12%). Lower than average of industry peers (2.5%). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 29% share price decline to CL$425, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 11x in the Electric Utilities industry in Chile. Total loss to shareholders of 65% over the past three years. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Viviana Vitto was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CL$396.2b (up 34% from 3Q 2021). Net income: CL$406.6m (down 93% from 3Q 2021). Profit margin: 0.1% (down from 2.0% in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: CL$5.33 (vs CL$1.21 loss in 2Q 2021) Second quarter 2022 results: EPS: CL$5.33 (up from CL$1.21 loss in 2Q 2021). Revenue: CL$339.5b (up 20% from 2Q 2021). Net income: CL$6.13b (up CL$7.53b from 2Q 2021). Profit margin: 1.8% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorated over the past week After last week's 26% share price decline to CL$659, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 10x in the Electric Utilities industry in Chile. Total loss to shareholders of 41% over the past three years. Upcoming Dividend • May 10
Upcoming dividend of CL$0.91 per share Eligible shareholders must have bought the stock before 16 May 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 4.7% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Chilean dividend payers (11%). Lower than average of industry peers (2.4%). Reported Earnings • May 05
First quarter 2022 earnings released: EPS: CL$7.12 (vs CL$2.20 in 1Q 2021) First quarter 2022 results: EPS: CL$7.12 (up from CL$2.20 in 1Q 2021). Revenue: CL$286.0b (up 14% from 1Q 2021). Net income: CL$8.19b (up 224% from 1Q 2021). Profit margin: 2.9% (up from 1.0% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Viviana Vitto was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CL$14.48 (down from CL$71.61 in FY 2020). Revenue: CL$1.16t (down 15% from FY 2020). Net income: CL$16.7b (down 80% from FY 2020). Profit margin: 1.4% (down from 6.0% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jan 10
Upcoming dividend of CL$0.91 per share Eligible shareholders must have bought the stock before 17 January 2022. Payment date: 21 January 2022. Payout ratio is a comfortable 64% and the cash payout ratio is 86%. Trailing yield: 2.1%. Lower than top quartile of Chilean dividend payers (10.0%). Lower than average of industry peers (2.8%). Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS CL$5.08 (vs CL$13.05 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CL$298.2b (down 19% from 3Q 2020). Net income: CL$5.85b (down 61% from 3Q 2020). Profit margin: 2.0% (down from 4.1% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CL$886, the stock trades at a trailing P/E ratio of 24.1x. Average trailing P/E is 13x in the Electric Utilities industry in Chile. Total loss to shareholders of 33% over the past three years. Reported Earnings • Jul 31
Second quarter 2021 earnings released: CL$1.21 loss per share (vs CL$13.82 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: CL$286.0b (down 12% from 2Q 2020). Net loss: CL$1.40b (down 109% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 17
Upcoming dividend of CL$17.48 per share Eligible shareholders must have bought the stock before 24 May 2021. Payment date: 27 May 2021. Trailing yield: 2.7%. Lower than top quartile of Chilean dividend payers (5.7%). In line with average of industry peers (2.9%). Is New 90 Day High Low • Mar 05
New 90-day low: CL$1,200 The company is down 3.0% from its price of CL$1,240 on 04 December 2020. The Chilean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 2.0% over the same period. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS CL$71.61 (vs CL$103 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CL$1.38t (down 1.9% from FY 2019). Net income: CL$82.4b (down 31% from FY 2019). Profit margin: 6.0% (down from 8.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat. Upcoming Dividend • Dec 07
Upcoming Dividend of CL$7.32 Per Share Will be paid on the 18th of December to those who are registered shareholders by the 14th of December. The trailing yield of 2.5% is below the top quartile of Chilean dividend payers (5.9%), and is lower than industry peers (5.2%). Is New 90 Day High Low • Nov 14
New 90-day low: CL$1,240 The company is down 9.0% from its price of CL$1,369 on 14 August 2020. The Chilean market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 5.0% over the same period. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS CL$13.05 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: CL$368.7b (up 1.0% from 3Q 2019). Net income: CL$15.0b (down 49% from 3Q 2019). Profit margin: 4.1% (down from 8.1% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year.