CORPORATE PRESENTATION

4Q-2018

Company Overview1

IMPROVING LIVES IN

Chile,Colombia AND

Argentina

AES Gener Is Energized By ARegional Workforce Of

+1,300 PEOPLE

RECOGNIZED AS A

Great PlaceTo Work in

CHILECOLOMBIAARGENTINA

Founded In 1981And Acquired byThe AES Corporation in 2000,Who Currently owns 66.7%

Named to

Dow JonesSustainabilityIndex for Chile

LISTED ON

Santiago StockExchange

5,103 GROSS MWin operation

3,3881,020

643

561 GROSS MWunderconstruction(Alto Maipo Project in Chile)

TechnologiesCoal 3,019 MWHydro 1,291 MWGas/Diesel 709 MWOthers 34 MW

$7.9B

$887M

$3.5B

$2.3B

RATED

Baa3 / BBB- / BBB- BY

MOODY’S S&P GLOBAL FITCH RATINGS

Market ShareChile 27% by generationColombia 7% by generationArgentina 3% by generation

Commercial Business Largely ContractedEFFICIENT GENERATION CONTRACTED WITH AN AVERAGE LIFE OF 11 YEARS IN CHILE

MARKET CAPAS OF Dec 31, 2018

EBITDAFY-2018

TOTAL ASSETSOWNED & MANAGED

CONS. DEBTFY-2018

AES GENER AT A GLANCELEADING GENCO CONTROLLED BY THE AES CORPORATION

3

4

KEY INVESTMENTCONSIDERATIONS

1 LEADING POSITION

2 DIVERSIFIED PORTFOLIO

3 HIGH QUALITY LONG TERM PPAs

4 NEW TRANSFORMATIONAL STRATEGY

5 ROBUST CAPITAL STRUCTURE

6 STRONG FINANCIAL PERFORMANCE

RATINGS SYSTEM DATA ENERGY DEMAND GENERATION BY FUEL TYPE

S&P

A+ 24,031 MWInstalled

Capacity

+1.6%SIC(1) Energy Sales

(CAGR 2014-2017)

+2.3%SING(2) Energy Sales

(CAGR 2014-2017)

Moody’s

A1

75,641 GWhGenerationFitch

A

Chile

72,265GWh

75,641GWh

~18 Minhabitants

~$267B GDP as of 2017

Regulated46%

Unregulated54%

Thermal54%

Hydro31%

NCRE15%

Source: Company.

(1) Central Interconnected System (Sistema Interconectado Central).

(2) Great North Interconnected system (Sistema Interconectado del Norte Grande).

(3) Non-conventional Renewable Energy.

(4) National Electrical System (Sistema Eléctrico Nacional).

(3)

The SING(2) and the SIC(1) were interconnected in November 2017 to comprise the SEN(4)

The SEN is expected to become fully operational in June 2019, once the last segment of the Cardones-Polpaico transmission line is completed

MARKET

OVERVIEW

5

6

MARKET

OVERVIEW

S&P BBB-

Moody’s

Baa2

Fitch

BBB

17,212 MWSIN Installed

Capacity SIN Demand Growth

(CAGR 2014-2018)68,943 GWhSIN Generation

S&P

B

Moody’s

B2

Fitch

B

38,538 MW SADI

Installed Capacity SADI Demand

Growth

(CAGR 2013-2018)137,482 GWh

SADI Generation

Thermal64%

Hydro29%

Nuclear 5%

NCRE 2%

+2.2%

+1.2% Residential43%

Comercial29%

Industrial28%

Regulated68%

Unregulated32%

Thermal16%

Hydro84%

Colombia

~49 Minhabitants

~$310B GDP as of 2017

Argentina

~44 Minhabitants

~$635B GDP as of 2017

67,456GWh

134,784GWh

137,482GWh

68,943GWh

RATINGS SYSTEM DATA ENERGY DEMAND GENERATION BY FUEL TYPE

RATINGS SYSTEM DATA ENERGY DEMAND GENERATION BY FUEL TYPE

(1)

91%

1%8%

14,324GWh

Thermal Other Hydro

CHILE ($591mn EBITDA)

COLOMBIA ($241mn EBITDA)

ARGENTINA ($55mn EBITDA) SE

N

SIN

SA

DISEN ASSETS, 3,388 MW

NORGENER, 277 MW, coalANGAMOS, 558 MW, coalCOCHRANE, 550 MW, coalANDES SOLAR, 22MW solar PVVENTANAS, 872 MW, coalGUACOLDA, 763 MW, coalHYDROS, 271 MWOTHERS, 76 MW, diesel, biomass SADI ASSETS, 643 MW

TERMOANDES, 643 MW, gas

SIN ASSETS, 1,020 MWCHIVOR, 1,000 MW, hydroTUNJITA, 20 MW, hydro

GENERATIONENERGY SALES

GENERATIONENERGY SALES

GENERATIONENERGY SALES

24%

69%

7%

$1,743mn

Regulated Unregulated Spot

100%

4,977GWh

Hydro

78%

22%

$413mn

Contract Spot

100%

4,150GWh

Thermal

50%50% $146mn

Contract Spot

MARKETS

OVERVIEW2018 FIGURES

7

30%

70%

EBITDA COUNTRIES CUSTOMERS TECHNOLOGY

8

67%

27%

6%

67%

20%

13%

59%

14%

25%

2%

$887mm

5,103MW(1)

27.6TWh/y

5,103MW(1)

Argentina

Chile

Argentina

ColombiaChile

Regulated/Unregulated

Spot

CoalSolar/Biomass/BESS(2)

Source: Company.

(1) Includes Battery Energy Storage System.

(2) Battery Energy Storage System.

Hydro

Diesel/Gas

DIVERSIFIED

Portfolio

9

PORTFOLIO

OVERVIEW5,103MW GEO & TECH DIVERSIFIED

LEADING ENERGYPRODUCER IN CHILE (3,388MW)

MAJOR PLAYER IN COLOMBIA (1,020 MW)

EFFICIENT OPERATIONIN ARGENTINA (643 MW)

Guacolda, 763MW

5 coal unitsHuascoCOD:1995/1996/20092010/2015

Hydro Plants271MW

4 run of river hydrounits Cajon del MaipoCOD:1923/1928/1944/1991

Angamos, 558MW

2 coal unitsMejillonesCOD: 2011

Cochrane, 550MW

2 coal unitsMejillonesCOD: 2016

Andes Solar, 22MW

PV solarAdjacent to Andes substationCOD: 2016

Chivor, 1,000MW

8 hydro unitsBocayaCOD: 1977/1982

Tunjita, 20MW

1 hydro unitBocayaCOD: 2016

Termoandes, 643MW

Combined CycleTurbines: 2 gas, 1 steamSaltaCOD: 1999

ENERGY STORAGE

CHILE (52 MW)

Energy Storage52MW

Norgener 12MW Angamos 20MWCochrane 20MW

Backup Plants, 76MW :

Laguna Verde 63MW DieselLaja 13MW Biomass

Norgener, 277MW

2 coal unitsTocopillaCOD:1995/1997

Ventanas, 872MW

4 coal unitsValparaisoCOD:1964/1977/2010/2013

10

ADVANCING WITH STRATEGY EXECUTION

+3,900 MW PIPELINEACCELERATING A GREENER ENERGY FUTURE

Hydro

Wind

Solar

Batteries

531 MW

10 MW

20 MW

210 MW

80 MW

2,717 MW

240 MW

170 MW

UNDER

CONSTRUCTION

561MW

READY

TO BUILD IN 2019

290MW

UNDER

DEVELOPMENT

3,127MW

11

ANDES SOLAR IISOLAR

80 MW

WIND

90 MWLOS OLMOS

WIND

40 MWMESAMAVIDA

WIND

80 MWCAMPO LINDO

GREENING CHILE

ANNOUNCING NCRE INVESTMENTS290 MW TO SUPPORT COMMERCIAL AGREEMENTS

SANTIAGO

52MWcapacity of batteries

EXISTING

SPINNING RESERVE

PIONEERS IN CHILE SINCE 2009

12

Converting run-of-river plants into

VIRTUAL RESERVOIRS

10 MW PILOT 5 HOUR

COD MARCH 2020

GREENING CHILE

ANNOUNCING VIRTUAL DAM PILOTBROADENING BATTERY SOLUTIONS

ADVANCING WITH STRATEGY EXECUTION

CASTILLA - ECOPETROLTHE LARGEST SOLAR SELF-GENERATION PROJECT IN COLOMBIA

CODOCTOBER 2019

13

20MWUNDER

CONSTRUCTION

37%

11%1%

51%

TODAY+PROJECTS

5.9GW

27%

13%

1%

59%

TODAY

5.1GW

AES GENER

LEADING DECARBONIZATIONWITH RELIABLE RENEWABLE ENERGY

14

59% INCLUDINGPIPELINE

RENEWABLES & ENERGY STORAGE NATURAL GAS DIESEL COAL

BusinessSOLUTIONS5

InvestmentGRADE RATING

TECHNOLOGIES5

NCRE Hydro

Thermal

Battery Desal

ENERGY PROVIDERof choicein South America

STRATEGY

15

-

5,000

10,000

15,000

20,000

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040G

Wh

pe

r Y

ea

r

Distribution Non Regulated

Distribution25%

Industrial7%

Mining68%

11 year Avg.

Contract Life

Commercial strategy aims to maximize cash flow while minimizing volatility

Optimal contracted position seeks to match contracted energy with long term efficient generation

Contract customers include regulated customers (distribution companies) and unregulated customers (mining, commercial and industrial)

Contracts include Price

indexation mechanisms

(coal and US CPI) and

pass-through provisions

(regulatory risks)

~11 years average

life of outstanding

contracts

16

CHILE

Commercial Strategy

Colombia

Argentina

57%

43%

ENERGY SALES

Contract Spot

~80% of Expected

Generation

Medium Term

Contracts

(1-4 Years)

Remaining

Generation

Spot and Frequency

Regulation Sales

Firm Energy

(~3,000 GWh)

Reliability Charge

Revenue

Contract EnergyEnergía Plus

Contracts

Remaining

Generation

Energía Base

Spot Sales to ISO

23%

77%

ENERGY SALES

Contract Spot

7,513

GWh

4,181

GWh

17

COLOMBIA & ARGENTINA

Commercial Strategy

FY-2018 Figures

2

EBITDA & EBITDA margin Total Debt and Net Debt / EBITDA

Total CAPEX Capital Allocation

18

STRONG

Financial PerformanceIFRS (2018 Figures)

426 581 591 591

246 172 174 241 19 25 29

55 691 778 793

887 32% 34% 33% 34%

2015 2016 2017 2018

Chile Colombia Argentina EBITDA Margin

1,788 2,198 2,387 2,346

1,5521,626 1,353 1,179

3,3403,824 3,741 3,525

4.4x 4.3x 4.4x

3.6x

2015 2016 2017 2018

PF/Non-Recourse Corporate Debt Net Debt/EBITDA

893

479 391 465

109

83106

100

1,002

562 497565

2015 2016 2017 2018

Construction Maintenance

27953 74

263

235

93261

184

92

102

471 351606

248

806 798

2015 2016 2017 2018

Equity Contribution Dividends Paid Debt Payment

$3,525mn

AVERAGE COST

AVERAGE LIFE

NET DEBT/EBITDA

RATE

5.8% 14Years

3.6x(Consolidated)

94%Fixed Rate

Recourse Debt$1,179 mn

33%

Non-Recourse Debt$2,346 mn67%

121 124 126 128 153 148 158

151214 192

2022 2023

145

2019

1,388

2020 2021 2024 2025

514

2026/2073

272

340

152182 182

350

1,902

21 2429 34

19

Amortization Schedule ($mn)

AES GENER

DEBT PROFILE$3,525MN AS OF DECEMBER 31, 2018

1.7x(Recourse Debt)

APPENDIX2Alto Maipo

Overview Project Layout

2

1

Project LocationMetropolitan Region

1

2

Alfalfal II. 264MW Unit

Las Lajas. 267MW Unit

Tunnel

L1

VL-4

VL-8

VA-1

VA-2

VA-4

V5

V1

Technical Aspects Alfalfal IILas

Lajas

Installed capacity (MW) 264 267

Number of units 2 2

Type of turbines Pelton Pelton

Voltage (kV) 12/220 12/110

Ownership Main Contractors

AES Gener93%

Strabag

7%

21

ALTO MAIPOOVERVIEW

ALTO MAIPOCONSTRUCTION STATUS

75%Complete

$0mnEQUITY CONTRIBUTIONS

PENDING

During Construction

Tunnels

51kmExcavated

22

2

1

1

2

Alfalfal II. 264MW Unit

Las Lajas. 267MW Unit

Tunnel

L1

VL-4

VL-8

VA-1

VA-2

VA-4

V5

V1

Las Lajas HeadraceTotal length 17km

Las Lajas TailraceTotal length 15km

Alfalfal HeadraceTotal length 27km

VolcanTotal length 14km

Alfalfal II TailraceTotal length 3km

Progress as of February 201822

23

CHANGE INRISK PROFILE

Lump sum fixed price contract with

Strabag, including guaranteed completion

dates backed by:

• $300mn Letters of Credit

• Corporate Guarantee from Strabag SE

Transfer of Geological and construction

risks

Strong incentives for early completion

COD Las Lajas & Alfalfal II expected in

2020

PROJECTCAPITALIZATION

Fully funded plan, considering:

• $3,048mn construction cost

• Additional $392mn payable over 20-

year after COD

Lenders commitment for US$823 mn,

including incremental funding of

$135mn

Incremental shares to Strabag if certain

milestones are met

AES GENER COMMITMENTS

AES Gener will contribute:

• $200mn based on progress and debt

disbursements

• Up to $200mn towards completion

and for project costs or to prepay

debt

No additional debt to be issued at AES

Gener level

ALTO MAIPOKEY CHANGES TO MITIGATE RISK

APPENDIX3Financial Review

Fourth Quarter 2018

Key Financials ($ mn) FY-2018 FY-2017 Var. (%) 4Q-2018 4Q-2017 Var. (%)

EBITDA 887 793 12% 233 231 1%

EBITDA Margin 34% 33% 1% 35% 35% 1%

Net Income 287 185 56% 8 71 -88%

EBITDA BY MARKET

Full Year

22% 8%70%

4Q-2017

4Q-2018

14%81%

233

2315%

Chile Colombia Argentina

EBITDA BY MARKET

Fourth Quarter

67% 6%27%

4%

FY-2018

FY-2017 74% 22%

887

793

25

FULL YEAR 2018 AND FOURTH QUARTER

CONSOLIDATEDFINANCIALS

67

26

793

2017

1

2018

887

26

FULL YEAR 2018

EBITDA BRIDGE12% INCREASE, $94 MN

LOWER ESSA MARGIN -$33

Main Drivers

4Q-2018

27

PPAs BEGAN SUPPLY

LOWER GENERATION

LOWER MARGIN FROM ESSA

23.9

139.9

7.1 591

187.6

143.3

116.0

150.8

143.7

2017 1Q Var

163.2

137.4

2018

591 -5.9

2Q Var 3Q Var

-24.4

4Q Var

+0%

4Q

1Q

3Q

2Q

EBITDA Variation

FY-2018

MARKET PERFORMANCE

CHILE2018 EBITDA +$1mn

Main Drivers

4Q-2018

28

LARGER SALES VOLUME

HIGHER CONTRACT PRICES

HIGHER ENERGY PURCHASES

41.0 45.9

43.4

21.8

20.7

20.2

65.2

57.8

78.531.4

51.6

3Q Var2017

4.9

1Q Var 2Q Var 20184Q Var

174

241

+39%

2Q

4Q

3Q

1Q

EBITDA Variation

FY-2018

MARKET PERFORMANCE

COLOMBIA2018 EBITDA +$67mn

29

Main Drivers

4Q-2018

29

EBITDA Variation

FY-2018

HIGHER CONTRACT MARGIN

HIGHER CAPACITY PRICES

LOWER GENERATION

4.211.24.2

7.0

8.0

5.1

5.7

12.2

8.3

13.4

12.4

18.1

2017 3Q Var1Q Var 2Q Var 4Q Var 2018

55

29

+88%

4Q

2Q

3Q

1Q

MARKET PERFORMANCE

ARGENTINA2018 EBITDA +$26mn

OtherIncome

94

61

270206

107

1114

13

EBITDA Variance

DepreciationInterest Expense Other

Equity Earnings

IncomeTax

FX Losses

185

287

30

FULL YEAR 2018 ($MN)

NET INCOMEATTRIBUTABLE TO THE PARENT

ESSA & CTNG sale

$189mn Guacolda Impairment

2017 2018

Full Year Cash Flow Liquidity

as of December 31, 2018

$572mn

Cash andCash Equivalents

$322 mn

56%

UndrawnCommitted Facilities

$250 mn

44%276322

313258

Dec-17

513

Operating CF

513

Asset Sales CAPEX

& Others

Financing CF

9

Dec-18FX Impact

31

FULL YEAR 2018 ($MN)

CASH FLOWAND LIQUIDITY

Investing CF

SUMMARY OF HISTORICAL FINANCIALS (US$mn)Angamos

Revenue

Credit Metrics CAPEX

32

EBITDA and EBITDA Margin

238 252 277334

44 52 4622

25

1741

284309

340

397

2015 2016 2017 2018

Contracted Spot Other

111 122 105140

39% 39%31% 35%

2015 2016 2017 2018

EBITDA EBITDA Margin

6.9x6.2x

7.3x

4.2x2.5x 2.8x

2.4x3.4x

2015 2016 2017 2018

Net Debt/EBITDA EBITDA/Financial Expense

16

46 6

2015 2016 2017 2018

CAPEX

33

Guacolda

Revenue

Credit Metrics CAPEX

SUMMARY OF HISTORICAL FINANCIALS (US$mn)

EBITDA and EBITDA Margin

438381

493 498

2015 2016 2017 2018

Revenue

122150 167

133

28%39%

34%27%

2015 2016 2017 2018

EBITDA EBITDA Margin

6.3x 4.9x 4.1x 4.7x

3.9x

3.5x4.6x

4.1x

2015 2016 2017 2018

Net Debt/EBITDA EBITDA/Financial Expense

115

78

14 11

2015 2016 2017 2018

CAPEX

APPENDIXChilean Regulated Power Auctions

4

Year of the Auction

2014 2015 2016 2017 2019 2020 2021

Start of Supply 2016-2019 2019 2021-2022 2024 2025 2026 2027

Tenor 15 20 20 20 20 20 20

13.0 1.2 12.4 2.2Auction Size(TWh-Year)

Auction Launch(Year)

2013 2015 2015-01 2017-01 2018 2019 2020

4.7 3.0 2.8

Avg. Awarded Price $94.7/MWh

(92% awarded w/o change in law)

Avg. Awarded Price $79.9/MWh

Avg. Awarded Price $47.6/MWh

(100% awarded)

Avg. Awarded Price $32.50/MWh

(100% awarded)

Unconfirmed Figures

35

DISTRIBUTIONPPA AUCTIONS

Main Changes on Terms & Conditions

2015-01 Auction 2017-01 Auction2018-01 Auction(Unconfirmed)

ENERGY OFFERED 12,400 GWh per year 2,200 GWh per year 4.650 GWh per year

PPA TENOR 20 years, starting 2021-2022 20 years, starting 2024 20 years, starting 2025

POWER BLOCKS Daily blocksDaily blocks + seasonal

blocks for hydro (new, totaling 600 GWh)

Daily blocksStorage Incentives

GUARANTEES

Initial~$4,000 per GWh

(CLF$100)

Performance~$12,000 per GWh

(CLF$300)

Initial~$8,000 per GWh

(CLF$200)

Performance~$24,000 per GWh

(CLF$600)

Initial~$8,000 per GWh

(CLF$200)

Performance~$24,000 per GWh

(CLF$600)

FINES FOR DELAYS(For new projects, every two milestones delay)

~$200 per GWh(CLF$5)

~$1,200 per GWh(CLF$30)

~$1,200 per GWh(CLF$30)

36

DISTRIBUTION COMPANIES

PPA AUCTIONSMAIN CHANGES ON TERMS & CONDITIONS

APPENDIXAbout The AES Corporation

5

MISSION

Improving lives by providing safe, reliableand sustainable energy solutions in every market we serve

GLOBAL ACCESS TO

Construction expertise and contractors

Financing

Equipment and fuel suppliers

Engineering, consulting and insurance

33,965 GROSS MWin operation*

3,930MW under construction

GENERATION

TENCHNOLOGYGAS 37%COAL 32% RENEWABLES 27%OIL/DIESEL/PET COKE 4%

$11B $33B

FORTUNE 200GLOBAL POWER COMPANY

FOUNDED IN 1981NAMED TO

DOW JONESSUSTAINABILITYINDEXfor North America for the Fourth Year in a Row (2014-2017)

LISTED ON

NYSE

AES SERVES OVERCUSTOMERS

TOTAL ASSETS OWEND & MANAGED

TOTAL REVENUES

* 24,104 proportional MW. Proportional MW is equal to gross MW of a generation facility multiplied by AES’ equity ownership percentage in such facilitySource: The AES Corporation Fact Sheet as of May 8, 2018, The AES Corporation Financials as of December 31, 2017.

6UTILITY COMPANIES

+ 2M

15 COUNTRIES

4MARKET-ORIENTED STRATEGICBUSINESS UNITS

SOUTH AMERICA, MCAC,

USA & UTILITIES,

EURASIA

AES IS ENERGIZED BY A

GLOBAL WORKFORCE

38

THE AES CORPORATIONOVERVIEW

Sources: The AES Corporation Fact Sheet as of May 8, 2018, The AES Corporation Financials as of December 31, 2017.

2) Including AES Gener’s TermoAndes facility located in Argentina.

Andes SBU

Brazil SBU

We leverage on our relationship with AES in negotiations with suppliers, regulators and creditors, and benefit from their technical expertise, and global best

practices in optimizing performance

South America Overview

AES Gener and AES Argentina Generación share the same senior leadership

Largest energy producer in Chile, a leading

player in Argentina and a major producer in

Colombia and Brazil

One of the most diversified LatAmgeneration players in terms of geographical footprint and technology

Owns InterAndes transmission line,

connecting Chile and Argentina

30%

34%

28%

8%

AES Argentina 3,461 MW + 2 fuel procurement facilities

AES Gener643 MW

1,020 MW

3,400 MW + 52 MW Energy Storage

AES Brasil 3,684 MW

AES ServiciosAmerica

Service center in Buenos Aires provides Finance and HR

transactional services to AES affiliates

Colombia 1,020 MW

Chile 3,452 MWArgentina4,104 MW²

Brazil3,684 MW

12,260

MW

39

THE AES CORPORATIONOVERVIEW

Disclaimer

• This presentation is not an offer for sale of securities. This material has been prepared solely for informational purposes and is not to be construed as a solicitation or an

offer to buy or sell any securities and should not be treated as giving investment advice. No representation or warranty, either express or implied, is provided in relation to

the accuracy, completeness or reliability of the information contained herein. Any opinions expressed in this material are subject to change without notice and neither the

Company nor any other person is under obligation to update or keep current the information contained herein. The information contained herein does not purport to be

complete and is subject to qualifications and assumptions, and neither the Company nor any agent can give any representations as to the accuracy thereof. The Company

and its respective affiliates, agents, directors, partners and employees accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or any

part of this material.

• This presentation may contain statements that are forward-looking subject to risk and uncertainties and factors, which are based on current expectations and projections

about future events and trends that may affect the Company’s business. Investors are cautioned that any such forward looking statements are not guarantees of future

performance. Several factors may adversely affect the estimates and assumptions on which these forward-looking statements are based, many of which are beyond our

control. The successful execution and commencement of operation of the investment projects that we are developing or constructing depends on numerous external

factors, including (i) delays in obtaining regulatory approvals, including environmental permits; (ii) court rulings against governmental approvals already granted, such as

environmental permits; (iii) shortages or increases in the price of equipment reflected through change orders, materials or labor; (iv) the failure of contractors to complete

or commission the facilities or auxiliary facilities by the agreed-upon date; (v) opposition by local and/or international political, environmental and ethnic groups; (vi)

strikes; (vii) adverse changes in the political and regulatory environment in Chile; (viii) adverse weather conditions (ix) poor geological conditions; and (x) natural disasters,

accidents or other unforeseen events.

• This presentation may not be reproduced in any manner whatsoever. Any reproduction of this document in whole or in part is unauthorized. Failure to comply with this

directive may result in a violation of the Securities Act or the applicable laws of other jurisdiction.

• The information contained should not be relied upon by any person. Furthermore, you should consult with own legal, regulatory, tax, business, investment, financial and

accounting advisers to the extent that you deem it necessary, and make your own investment, hedging and trading decision based upon your own judgment and advice

from such advisers as you deem necessary and not upon any view expressed in this material.

• The Company is an issuer in Chile of securities registered with the Comisión para el Mercado Financiero, the Chilean Superintendency of Securities and Insurance, or

“CMF.” Shares of our common stock are traded on the Bolsa de Comercio de Santiago—Bolsa de Valores, or the Santiago Stock Exchange, the Bolsa Electrónica de Chile—

Bolsa de Valores, or Electronic Stock Exchange, and the Bolsa de Corredores—Bolsa de Valores, or the Valparaiso Stock Exchange, which we jointly refer to as the “Chilean

Stock Exchanges,” under the symbol “AESGENER.” Accordingly, we are currently required to file quarterly and annual reports in Spanish and issue hechos esenciales o

relevantes (notices of essential or material events) to the CMF, and provide copies of such reports and notices to the Chilean Stock Exchanges. All such reports are available

at www.cmfchile.cl and www.aesgener.com.

• All figures are expressed in US$ and rounded to the nearest million, unless indicated otherwise.

CORPORATE PRESENTATION

4Q-2018