DOCSLIB.ORG

Enel Américas Annual Report Enel Américas Annual Report Santiago Stock Exchange ENELAM

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Enel Américas Annual Report Enel Américas Annual Report Santiago Stock Exchange ENELAM Enel Américas Annual Report Enel Américas Annual Report Santiago Stock Exchange ENELAM New York Stock Exchange ENIA Enel Américas was established initially under the name Compañía Chilena Metropolitana de Distribucion Electrica S.A., and on December 1, 2016 the company changed its name to Enel Américas S.A. The Company’s paid-in capital on December 31, 2016 reached $4,621,809,178 thousand, and was represented by 58,324,975,387 shares. Its shares are traded in the Chilean stock exchanges and in the New York Stock Exchange in the form of American Depositary Receipts (ADR). The main business of the Company is the operation, development, generation, distribution, transmission, transformation and/ or sale of energy in any of its forms or nature, directly of through other companies, as well as providing engineering advisory in the country and abroad, and also the management of its investment in subsidiaries and associate companies. Total assets amounts to $11,281,555,506 thousand on December 31, 2016. Enel Américas controls and manages a group of companies that operates in the electricity markets in four countries in Latin America (Argentina, Brazil, Colombia and Peru). In 2016, net income attributable to the controlling company reached $383,060 million and operational income was $1,217,155 million. By the end of 2016, the Company employed 10,324 people through its subsidiaries companies in South America. Enel Américas Annual Report 2016 Table of Contents > Letter from the Chairman 4 > Open Power 10 > 2016 Milestones 12 > Main Financial and Operational Indicators 16 > Identification of the Company and Constitutive Documents 20 > Ownership and Control 26 > Management 32 > Human Resources 52 > Exchange Transactions 62 > Dividends 68 > Investment and Financing Policy for 2016 74 > Company’s Business 78 > In vestments and Financial Activities 90 > Risk Factors 102 > Company Reorganization 120 > R egulatory Framework of the Electricity Industry 124 > Description of the Business by Country 156 > Ownership Structure 182 > Significant Events of the Company 188 > Identification of Subsidiaries and Associates Companies 238 > Responsibility Statement 254 > Consolidated Financial Statement 258 > Management’s Analysis of Consolidated Financial Statements 548 > Summarized Financial Statements of the Subsidiaries 590 Letter from the Chairman Dear shareholders, Corporate You are holding the Annual Report and Financial Statements of Enel Américas S.A., which corresponds to the period Reorganization ended on December 31, 2016. Enel Américas runs the electricity generation, transmission and distribution In 2015 we started a corporate reorganziation process of businesses in four countries in Latin America (Argentina, the former Enersis S.A., whose purposes were to simplify Brazil, Peru and Colombia) through its subsidiaries. the corporate structure of the Company and to separate the assets in Chile from the rest of the Region. It was First of all, I would like to thank the Members of the Board of a long and extremely complex process, which involved Enel Américas, whom in April 2016 once again gave me their several jurisdictions. trust and responsibility to chair the Company. The exercise 2016 has been hard and carried big changes, because the In 2016, as Chairman of the Company I had the electricity business worldwide was highly dynamic and responsibility to lead the second stage of the corporate showed increasing competition and high level of demand. reorganziation process, whereby at the Extraordinary Within this context, I would like to acknowledge this Shareholders’ Meeting held on September 28, 2016, the gratitude to the professionals, executives and technicians former Enersis Américas, Endesa Américas and Chilectra working in the different subsidiaries of the Company, as well Américas merged, by incorporation, into Enersis Américas. as to Luca D’Agnese, General Manager of Enel Américas, Additionally, that same day the shareholders of the who has leaded successfully the great teams of this resulting company, aware of the value that meant to be part Company to face the challenges of this year. of an important group worldwide such as Enel, approved the name change of Enersis Américas to Enel Américas, Today, after the successful ending of the corporate whose modification was performed on December st,1 2016, reorganziation process that began in 2015, new challenges after the merger process was completed. are added. We have to consolidate the incorporation of the distribution company CELG to the business in Brazil, we Upon these changes, on December 1st, 2016, Enel need to reach the efficiencies set for the Company in the Américas began trading at the New York Stock Exchange. Strategic Plan for 2019 and also to capitalize the business The Company participated in the so-called “ring the bell”, in Argentina after the enactment of the new regulatory recognition that only few companies have had, and of framework. We will try to reach the best results for our which we are very proud. shareholders while facing these challenges. Looking the year with perspective, I firmly believe that the work carried out, and the alternatives showed to those shareholders that didn’t choose to continue with us as part of this new company, the IPO and the Withdrawal Right, constituted not only a transparent, fair and entirely 4 Enel Américas Annual Report 2016 adequate with regards to legality process, but also a We think that this acquisition represents an excellent model. As you know, the amount paid to those currently investment for the Company in a country where we have former shareholders, whom decided to make use of some seen great growth potential for the years to come. of these two mechanisms, was far below the parameters defined by the Company, thus showing that the proposed reorganziation process was completely positive for Enel Américas. Today we are the most important private electricity company in the Region, and to keep that position we see great possibilities of growth for our generation and distribution businesses, which we will continue to achive not only through our permanent aim at efficiency, but also through our active search for new acquisition opportunities. Acquisition of CELG in Brazil During the second half of 2016, through Enel Brasil, we increased our share capital of the electricity distribution company Celg Distribuição S.A. (“CELG”) to 94.8%. This company operates in the Brazilian state of Goiás, and covers a territory of 337 thousand square kilometers, and the standing concession is in force until 2045 for 2.9 million customers. With this acquisition, the client base of Enel Américas in Brazil increased from 7 to 10 million. 5 New Regulatory Efficiencies and Framework in Results of the Period Argentina Dear shareholders, another key point that we have defined as fundamental from 2016 onwards, is the efficiencies In Argentina, there was an important regulatory framework plan we are boosting in order to increase the company’s change in 2016 for the electricity industry, which carried out return. In 2016 we obtained savings of 160 million dollars, an opportunity for our business. After a period where prices result that exceeded preliminary estimates. These savings and tariffs were frozen, in February 2016 a new tariff regime were comprised by 8% reduction in the distribution began to operate, with which consumption subsidies were business, equivalent to 77 million dollars, while in the reduced. generation business the reduction was 10%, or 24 million dollars. Nevertheless, we continue our work to search We have developed an ambitious working plan with an for efficiencies. We remind you that, as a Company, investment of 900 million dollars between 2017 and 2019, we committed with the Strategic Plan introduced in in accordance with our Strategic Plan. We will look for November 2016, to save 358 million dollars in 2019. mechanisms to reduce energy losses and improve our facilities, thus significantly increase our quality of service, With regards to the Financial Results of 2016, and within and always thinking of our customers. an extremely volatile economic context in the Region, I would like to highlight the financial strength demonstrated by Enel Américas whereby showing very positive results to its shareholders in line with the objectives announced last year. In 2016 the Company’s net EBITDA from extraordinary effects increased more than 16% compared to 2015. In terms of net results, it reached US$844 million, which accounted net from extraordinary effects, would have assumed nearly 24% growth from the previous year. 6 Enel Américas Annual Report 2016 Additionally, the robustness of the cash generated by the Company has allowed the maintenance of attractive dividends policy of the Company in 50%, meaning a distribution of approximately 192,530 million pesos accounted against annual net profits. I would like to finish this letter by expressing my gratitude once again to the Directors, executives and employees of Enel Américas for their huge dedication and effort carried out in 2016, and also to emphasize our commitment to become more efficient and more useful for the communities we serve. Francisco de Borja Acha Besga Chairman 7 Edificio Corporativo Santa Rosa 76 Lanzamiento Cambio de Marca. 30 Noviembre 2016 ENEL AMÉRICAS IS MISSION In the last decades, Enel has delivered energy, innovation and progress to the world. The Company has touched y Open energy the lives of hundred thousand people changing the way to more people they relate with the energy. Today, understanding that Open energy the world is not the same and that the way to do things to new technologies has changed, Enel Américas takes the responsibility to Offer people new ays to manage energ lead the changes of the energy sector to create a new w world, sustainable and with the support of people. Open the Company This change of philosophy is called Open Power and to more stakeholders demands to Enel Américas and its subsidiaries in Peru, Colombia, Brazil and Argentina to be open.
Load more

Recommended publications
  • Presentación De Powerpoint
    Investor Presentation January 2019 QUIÑENCO AT A GLANCE OWNERSHIP STRUCTURE 17% Luksic Group Minority Shareholders 83% (Chilean Stock Exchanges) 65% Industrial / Financial Services Mining Market Listed on London Capitalization Stock Exchange US$ 4.3(1) billion (1) Market Capitalization as of December 31, 2018. 3 QUIÑENCO AT A GLANCE QUIÑENCO: KEY FIGURES Diversified business conglomerate with increasing presence worldwide AGGREGATE ANNUAL ASSETS UNDER US$84 US$28 REVENUES OF MAIN MANAGEMENT bln bln OPERATING COMPANIES 125 69k 110 380 70 COUNTRIES JOBS PLANTS VESSELS PORTS Quiñenco, through its main Quiñenco group companies The operating companies A fleet of more than 380 An extensive network of operating companies, has a employ more than 69 manage more than 110 ships and tug boats. ports in America. global presence across five thousand people in Chile beverage and cable plants. continents. and abroad. 461 399 at124,000 Chile SERVICE BANK BEVERAGE STATIONS BRANCHES SALES POINTS Information as of December 31, 2017. 4 QUIÑENCO AT A GLANCE QUIÑENCO: MAIN OPERATING COMPANIES % Control as of September 2018 51.3% 60.0% 29.1%2 25.9%3 52.2% 100% Mkt.Cap1: Mkt.Cap1: Mkt.Cap1: Mkt.Cap1: Mkt.Cap1: US$ 880 mln4 US$ 14.4 bln US$ 4.7 bln US$ 1.2 bln US$4.5 bln US$ 840 mln • Leading full services • No.1 Chilean beer • Global leading • Leading global liner • Leading port, cargo • No.2 retail bank in Chile producer French cable shipping company, & shipping services distributor of fuels manufacturer, with a network of company: port in Chile with 461 • Jointly
    [Show full text]
  • Empresas Copec S.A. Consolidated Financial
    EMPRESAS COPEC S.A. CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2018 IFRS - International Financial Reporting Standards IAS - International Accounting Standards NIFCH - Chilean Financial Reporting Standards IFRIC - International Financial Reporting Interpretations Committee US$ - United States dollars ThUS$ - Thousands of US dollars MUS$ - Millions of US dollars MCh$ - Millions of Chilean Pesos COP$ - Colombian pesos S./ - Peruvian nuevo sol WorldReginfo - d6a34cd4-9970-4f3e-9bfb-af0f71482286 INDEPENDENT AUDITORS' REPORT Santiago, March 8, 2019 Dear Shareholders and Directors Empresas Copec S.A. We have audited the accompanying consolidated financial statements of Empresas Copec S.A. and affiliates, which comprise a consolidated statement of financial position as of December 31, 2018 and 2017, the corresponding consolidated statements of income by function, consolidated comprehensive income, consolidated changes in equity and consolidated cash flow for the years ending on these dates, and the corresponding notes to the consolidated financial statements. Management's responsibility for the consolidated financial statements Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with International Financial Reporting Standards (IFRS). This responsibility includes the design, implementation and maintenance of relevant internal controls for the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether
    [Show full text]
  • Semestrale 2019
    Media Relations Investor Relations T +39 06 8305 5699 T +39 06 8305 7975 [email protected] [email protected] enel.com enel.com ENEL, NET ORDINARY INCOME UP BY 20.3% IN THE FIRST HALF OF 2019 • Revenues: 38,991 million euros (36,027 million euros in the first half of 2018, +8.2%) − the increase is mainly attributable to distribution, especially in South America through the contribution of Enel Distribuição São Paulo and the agreement between Edesur and Argentina’s government to settle pending regulatory issues, as well as to renewables in North and South America and conventional generation in Italy and Chile • EBITDA : 8,907 million euros (7,857 million euros in the first half of 2018, +13.4%) − the increase was driven by the performance of distribution in South America, which benefited from the performance of Enel Distribuição São Paulo and regulatory changes in Brazil and Argentina, as well as by growth in renewables and efficiency gains in conventional generation • Ordinary EBITDA: 8,763 million euros (7,729 million euros in the first half of 2018, +13.4%) net of extraordinary items in the two periods • EBIT : 5,213 million euros (4,875 million euros in the first half of 2018, +6.9%) − the increase reflects EBITDA growth, which more than offset higher depreciation, amortisation and impairment losses, mainly connected with writedowns of two coal-fired plants in Chile and the Reftinskaya plant in Russia, as well as the depreciation of the rights of use for leased assets in application of IFRS 16 • Group net income : 2,215
    [Show full text]
  • Banco Santander Chile Form 20-F 2008
    2008 Banco Santander Chile Form 20-F 2008 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) " REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2008 OR " TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-14554 BANCO SANTANDER-CHILE (d/b/a Santander, Banco Santander, Banco Santander Santiago, and Santander Santiago) (Exact name of Registrant as specified in its charter) SANTANDER-CHILE BANK (d/b/a Santander, Banco Santander, Santander Santiago Bank, and Santander Santiago) (Translation of Registrant’s name into English) Chile (Jurisdiction of incorporation) Bandera 140 Santiago, Chile Telephone: 011-562 320-2000 (Address of principal executive offices) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered American Depositary Shares (“ADS”), each representing the right to receive 1,039 Shares of New York Stock Exchange Common Stock without par value Shares of Common Stock, without par value* New York Stock Exchange * Santander-Chile’s shares of common stock are not listed for trading, but only in connection with the registration of the American Depositary Shares pursuant to the requirements of the New York Stock Exchange. Securities registered or to be registered pursuant to Section 12(g) of the Act: None (Title of Class) Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: 7.375% Subordinated Notes due 2012 The number of outstanding shares of each class of common stock of Banco Santander-Chile at December 31, 2008, was: 188,446,126,794 Shares of Common Stock, without par value Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • Capital Increase Presentation
    Enel Américas Capital Increase February 27th, 2019 Table of Contents Our Track Record Transaction Rationale Transaction Structure Closing Remarks 2 Our Track Record 3 Proposed Equity Capital Increase Facilitates Pursuit of Proven Growth Strategy Formation of Successful Up to US$ 3.5 Bn Continued the Largest Delivery of Capital Increase Growth Private Utility Growth and Capital Structure Strategy & Company in Shareholder Optimization to Consolidation LatAm Value Unlock Growth Created Americas- Organic Facilitates execution of Minority investors buyout focused growth vehicle growth strategy with leading market Captured efficiencies Privatization and position Cash flow optimization consolidation Expanded Free Market Unlocked efficiencies and Enel X segments Credit enhancement Enel X expansion Simplified structure Inorganic Higher market capitalization, float and Reduced leakage Acquired Enel Dx São liquidity Paulo and Enel Dx Goiás evidencing strong value creation capabilities 4 Our Track Record Sustainability, Growth, Efficiencies and Value Creation 2016 2018 I&N(3) End users MM 14.1 24.5 EBITDA US$ Bn 2.4 3.4 Growth Net Income US$ Bn 1.0 1.7 CAPEX US$ Bn 1.2 1.7 Group simplification Number of companies 43 32(4) Opex reduction Cumulated efficiencies(1,5) US$ MM ~ 130 ~ 420 Shareholder return Total Dividends US$ Bn 0.3 0.5 Value creation People benefited(1) MM (cumulated) 1.4 2.7 Sustainability commitment Index Member Number of indexes 0 4(2) Notes: 3. Infrastructure & Networks 5 1. Base year 2015 4. Not including acquired
    [Show full text]
  • Emerging Index - QSR
    2 FTSE Russell Publications 19 August 2021 FTSE RAFI Emerging Index - QSR Indicative Index Weight Data as at Closing on 30 June 2021 Index Index Index Constituent Country Constituent Country Constituent Country weight (%) weight (%) weight (%) Absa Group Limited 0.29 SOUTH BRF S.A. 0.21 BRAZIL China Taiping Insurance Holdings (Red 0.16 CHINA AFRICA BTG Pactual Participations UNT11 0.09 BRAZIL Chip) Acer 0.07 TAIWAN BYD (A) (SC SZ) 0.03 CHINA China Tower (H) 0.17 CHINA Adaro Energy PT 0.04 INDONESIA BYD (H) 0.12 CHINA China Vanke (A) (SC SZ) 0.09 CHINA ADVANCED INFO SERVICE 0.16 THAILAND Canadian Solar (N Shares) 0.08 CHINA China Vanke (H) 0.2 CHINA Aeroflot Russian Airlines 0.09 RUSSIA Capitec Bank Hldgs Ltd 0.05 SOUTH Chongqing Rural Commercial Bank (A) (SC 0.01 CHINA Agile Group Holdings (P Chip) 0.04 CHINA AFRICA SH) Agricultural Bank of China (A) (SC SH) 0.27 CHINA Catcher Technology 0.2 TAIWAN Chongqing Rural Commercial Bank (H) 0.04 CHINA Agricultural Bank of China (H) 0.66 CHINA Cathay Financial Holding 0.29 TAIWAN Chunghwa Telecom 0.32 TAIWAN Air China (A) (SC SH) 0.02 CHINA CCR SA 0.14 BRAZIL Cia Paranaense de Energia 0.01 BRAZIL Air China (H) 0.06 CHINA Cemex Sa Cpo Line 0.7 MEXICO Cia Paranaense de Energia (B) 0.07 BRAZIL Airports of Thailand 0.04 THAILAND Cemig ON 0.03 BRAZIL Cielo SA 0.13 BRAZIL Akbank 0.18 TURKEY Cemig PN 0.18 BRAZIL CIFI Holdings (Group) (P Chip) 0.03 CHINA Al Rajhi Banking & Investment Corp 0.52 SAUDI Cencosud 0.04 CHILE CIMB Group Holdings 0.11 MALAYSIA ARABIA Centrais Eletricas Brasileiras S.A.
    [Show full text]
  • EL EQUIPO DIRECTIVO DE BANORTE SE UBICA, POR CUARTO AÑO CONSECUTIVO, ENTRE LOS MEJORES DE MÉXICO Y AMÉRICA LATINA, DE ACUERDO a INSTITUTIONAL INVESTOR 22 Sep 2013
    EL EQUIPO DIRECTIVO DE BANORTE SE UBICA, POR CUARTO AÑO CONSECUTIVO, ENTRE LOS MEJORES DE MÉXICO Y AMÉRICA LATINA, DE ACUERDO A INSTITUTIONAL INVESTOR 22 sep 2013 La revista especializada dio a conocer los resultados de los rankings sobre el “Mejor Equipo Directivo en América Latina del 2013”, codiciada distinción en el medio financiero que se determinan mediante una encuesta aplicada a analistas fundamentales de bancos de inversión globales (sell-side) y a administradores de portafolios de inversión (buy-side). Institutional Investor colocó a Banorte por encima de importantes instituciones financieras de la región, como Banco do Brasil, Banco de Crédito del Perú, Bancolombia y las filiales de Santander en Brasil, Chile y México. Alejandro Valenzuela, Director General de Grupo Financiero Banorte, fue designado como el tercer mejor CEO de instituciones financieras de América Latina, y el número 2 en México. Rafael Arana, Director de Finanzas, y David Suárez, Titular de Relaciones con Inversionistas, se posicionaron en los primeros lugares, tanto en la evaluación para México, como en la correspondiente a América Latina. El área de Relaciones con Inversionistas de GFNorte quedó ubicada como la número dos en América Latina, por el sell-side, y la número tres, por el buy-side. En México, ambos grupos la colocaron en el sitio número 2. México, D. F., a 22 de septiembre del 2013. La revista Institutional Investor dio a conocer los resultados de los rankings sobre el “Mejor Equipo Directivo en América Latina del 2013”, mismos que se determinaron mediante la aplicación de una encuesta a 135 administradores de fondos (buy-side) y a 63 analistas de mercado (sell-side) del sector financiero.
    [Show full text]
  • Annual Report 2017
    Annual Report Enel Chile 2017 Santiago Stock Exchange ENELCHILE Nueva York Stock Exchange ENIC Enel Chile S.A. was initially incorporated as Enersis Chile S.A., on March 1, 2016. On October 18, of the same year, the company changed its name to Enel Chile S.A. As of December 31, 2017 the company´s total subscribed and paid capital amounted to Ch$ 4,120,836,253 represented by 49,092,772,762 shares. These shares are traded on the Santiago Stock Exchange and, as American Depository Receipts (ADR) on the New York Stock Exchange. The company’s business is to exploit, develop, operate, generate, distribute, transform and/or sell energy, in any form and nature, directly or through other companies. Total assets as of December 31, 2017, amounted to ThCh $5,694,773,008 . Enel Chile controls and manages a group of companies that operate in the Chilean electricity market. In 2017, net income attributable to the controlling shareholder reached ThCh$ 349,382,642 and operating income was ThCh $578,630,574 . At year end 2017, a total 1,948 people were directly employed by its subsidiaries in Chile. Annual Report Enel Chile 2017 2 Annual Report Enel Chile 2017 Contents > Letter from the Chairman ....................................................................4 > Open Power ........................................................................................8 > Highlights 2017 ................................................................................10 > Main financial and operating data .....................................................14
    [Show full text]
  • Enel Chile Annual Report 2018
    Annual Report Enel Chile 2018 Santiago Stock Exchange ENELCHILE New York Stock Exchange ENIC Enel Chile S.A. was initially incorporated as Enersis Chile S.A., on March 1, 2016. On October 18, of the same year, the company changed its name to Enel Chile S.A. As of December 31, 2018 the company´s total subscribed and paid capital amounted to Ch$ 3,954,491,478,786 represented by 70,134,077,818 ¹ shares. These shares are traded on the Santiago Stock Exchange and, as American Depository Receipts (ADR) on the New York Stock Exchange. The company's business is to exploit, develop, operate, generate, distribute, transform and/or sell energy, in any form and nature, directly or through other companies. Total assets as of December 31, 2018, amounted to ThCh$ 7,488,020,164. Enel Chile controls and manages a group of companies that operate in the Chilean electricity market. In 2018, net income attributable to the con- trolling shareholder reached ThCh$ 361,709,937 and operating income was ThCh$ 670,604,721. At year end 2018, a total 2,062 people were directly employed by its subsidiaries in Chile. (¹) : Total shares consider 967,520,599 shares of treasury stock generated by the process of withdrawal right carried out during the Elqui project. Annual Report Enel Chile 2018 2 Annual Report Enel Chile 2018 Content > Letter from the Chairman ......................................................................................................... 4 > Open Power ............................................................................................................................
    [Show full text]
  • Banco Santander Chile Santander Chile Bank (Translation of Registrant’S Name Into English)
    FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 Commission File Number: 001-14554 Banco Santander Chile Santander Chile Bank (Translation of Registrant’s Name into English) Bandera 140 Santiago, Chile (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes ☐ No ☒ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes ☐ No ☒ Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: Yes ☐ No ☒ If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. BANCO SANTANDER-CHILE By: /s/ Cristian Florence Name: Cristian Florence Title: General Counsel Date: February 6, 2017 Exhibit 99.1 MINUTES OF THE TWENTY SECOND EXTRAORDINARY SHAREHOLDERS MEETING OF BANCO SANTANDER – CHILE JANUARY 9, 2017 An Extraordinary Shareholders Meeting of Banco Santander – Chile convened in Santiago on January 9, 2017 at 5:00 pm, at Calle Bandera No.
    [Show full text]
  • 2007 Latin American Leasing Industry
    THE ALTA GROUP LAR 100 - 2007 LATIN AMERICAN LEASING INDUSTRY REPORTS EXTRAORDINARY GROWTH Industry grew more than 81% in US dollars and 71% in real terms in 2007. This figure is more than 12 times higher than the region’s GDP growth. INTRODUCTION The Alta Group, the top consulting firm specializing in leasing and capital goods based financing industries, submits for the fourth consecutive year its ranking of the 100 largest leasing companies in Latin America. The purpose of this publication is to generate useful information for the sustainable growth of the leasing industry and its corresponding contribution to the economic development of Latin American economies. As in the previous reports, this one is based on data available from regulatory agencies, central banks, and voluntarily disclosed information by several individual leasing companies and national leasing associations. Though there are some limitations where data could not be obtained, the information presented herein is the result of a robust data compilation. The Alta Group keeps a more comprehensive and detailed database about leasing industry players in the region that is available for sale. We anticipate that in the future, additional information will become available, such as new originations by year and by country, and delinquency data. We continue to refine our analytical tools, and the quality of information available improves every year. CURRENT STATUS The extraordinary growth of the leasing industry in Latin America is a very encouraging indicator about the good performance of economies in the region. It is clear that whenever equipment leasing grows in a country, fixed capital investment also grows, thus fueling the expansion of wealth.
    [Show full text]
  • Enel Américas Capital Increase
    Enel Américas Capital Increase February 27th, 2019 Table of Contents Our Track Record Transaction Rationale Transaction Structure Closing Remarks 2 Our Track Record 3 Proposed Equity Capital Increase Facilitates Pursuit of Proven Growth Strategy Formation of Successful Up to US$ 3.5 Bn Continued the Largest Delivery of Capital Increase Growth Private Utility Growth and Capital Structure Strategy & Company in Shareholder Optimization to Consolidation LatAm Value Unlock Growth Created Americas- Organic Facilitates execution of Minority investors buyout focused growth vehicle growth strategy with leading market Captured efficiencies Privatization and position Cash flow optimization consolidation Expanded Free Market Unlocked efficiencies and Enel X segments Credit enhancement Enel X expansion Simplified structure Inorganic Higher market capitalization, float and Reduced leakage Acquired Enel Dx São liquidity Paulo and Enel Dx Goiás evidencing strong value creation capabilities 4 Our Track Record Sustainability, Growth, Efficiencies and Value Creation 2016 2018 I&N(3) End users MM 14.1 24.5 EBITDA US$ Bn 2.4 3.4 Growth Net Income US$ Bn 1.0 1.7 CAPEX US$ Bn 1.2 1.7 Group simplification Number of companies 43 32(4) Opex reduction Cumulated efficiencies(1,5) US$ MM ~ 130 ~ 420 Shareholder return Total Dividends US$ Bn 0.3 0.5 Value creation People benefited(1) MM (cumulated) 1.4 2.7 Sustainability commitment Index Member Number of indexes 0 4(2) Notes: 3. Infrastructure & Networks 5 1. Base year 2015 4. Not including acquired
    [Show full text]