The following is a summary of the Empresa Distribuidora Y Comercializadora Norte Sociedad Anónima (EDN) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Edenor reported a decrease in Q4 2023 revenues by 17%, amounting to ARS120.4 billion compared to Q4 2022, but annual sales for 2023 rose by 9%.

• A significant rise in EBITDA for the full year 2023 to ARS163.5 billion versus ARS19 billion the previous year.

• There was a net loss of ARS32.7 billion reported in Q4 of 2023, while the company achieved a profit of ARS48.4 billion for the whole year.

• Investment in 2023 was up 17% versus 2022 at ARS123.6 billion, with the aim to improve service quality.

• Total capital debt outstanding was $182 million following recent issuances.

Business Progress:

• Edenor transformed their network into a smart grid by installing significant numbers of remote control points, tele-supervision points and smart meters, and modernized customer service with the Edenor Digital app.

• The investment plan focused on augmenting capacity, infrastructure, new supplies and installing self-managing energy meters.

• Edenor's customer base grew by 1% year on year due to the addition of residential and industrial customers.

• Aim to expand on smart grid technology, clean energy supply, and renewable energy generation projects to meet Argentina's energy transition goals.

• Over 11 years, more than $2 billion has been invested in infrastructure to improve operational capacity.

• Quality of service improved in 2023, with reductions in the SAIDI and SAIFI service quality indicators compared to 2014.

• Edenor managed to raise $100 million through two note issues in the local market to improve their debt profile.

More details: Edenor S.A. IR

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