#1Enel Russia 9M 2021 results October 28, 2021 enel#2Key highlights of the period enel Positive market environment Strong market demand trends resulted in net power production growth above 20% YoY Solid financial results of the period Revenues up by 10% YoY: increased electricity sales offset expired thermal CSAs¹ Further progress on renewable projects Azov windfarm operative for almost half-year; Kola windfarm entering final construction stage Guidance on Y2021 results Outlook on key financial metrics for Y2021 is following current Business plan assumptions 1 Capacity Supply Agreements for CCGT on NGRES and SGRES 2#39M 2021 financial highlights (RUB mn) Revenue EBITDA Net Income Net Debt ene Net Debt / EBITDA² 35,148 5,613 2,451 25,917 3.5x +10% -23% -22% +89% 9M 2020 32,002 7,306 3,160 13,6971 1.1x 1 As of end-December 2020 2 Last 12 months 3#4Notable growth in operational figures on the backdrop enel of favorable weather conditions Equipment availability Net power production by technology (TWh) +21% 15.9 0.1 15.3 13.1 4.2 3.1 3.7 11.6 9.4 9M 2020 9M 2021 ■ Oil&Gas ■ CCGT Wind 84% 85% Utilization on net electric capacity Power sales (TWh) +18% 18.0 3.1 14.9 12.2 9M 2020 Free market 38% 9M 2021 ■Regulated market 51%#5Profitability of operations going up on positive electricity prices' dynamics Average unitary selling price (RUB/MWh)1 +11% enel Average unitary cost of sales (RUB/MWh)² +7% 1,251 1,392 9M 2020 9M 2021 Average unitary margin (RUB/MWh) 76 +78% 135 9M 2020 9M 2021 1 Including regulated power sales, day ahead market and balancing market sales 2 Including fuel cost and energy purchases 1,175 1,257 9M 2020 9M 2021 5#6Change in the composition of revenue and cost streams continues to impact financial performance... Operating revenues (RUB bn) +10% Variable costs (RUB bn) +25% enel Fixed costs (RUB bn) -1% 35.1 32.0 2.6 2.3 24.6 7.2 10.5 19.6 2.7 5.4 5.3 2.5 0,3 25.4 0.6 2.0 2.1 21.9 19.1 17.2 1.7 1.8 1.2 1.2 9M 2020 9M 2021 9M 2020 9M 2021 9M 2020 9M 2021 ■ Overhead ■ Fuel ■ Electricity ■ Capacity ■ Heat and other ■Purchased power ■ O&M not manageable ■ Personnel ■ O&M manageable 6#7... which is translated in EBITDA decrease mostly driven by lower energy margin 7,306 (1,843) EBITDA evolution (RUB bn) -23% 68 82 5,613 9M 2020 Energy margin Fixed costs Other items 9M 2021 enel 7#8Net income follows EBITDA: increased depreciation enel compensated by lower financial expenses 9M 2021 9M 2020 ΔΥΟΥ EBITDA (all - RUB mn) 5,613 7,306 -23% D&A and bad debt provisions (2,364) (2,358) +0% EBIT 3,249 4,949 -34% Net financial expenses (147) (971) -85% Income tax (charge) / benefit (652) (818) -20% Net income 2,451 3,160 -22% 8#9Net Debt continues to grow amid Kola windfarm construction entering the final stage Net debt evolution (RUB mn) enel (5,603) 445 13,697 +Rub 12 Bn 15,648 1,730 25,917 31 Dec20 Cash flow from operations1 Income tax Capex Net financial charges 2 30Sep21 1 Post working capital changes 2 Including capitalized interest#10Debt profile and liquidity position Gross debt profile Gross debt by maturity As of September 30, 2020 As of September 30, 2021 7% 15% 22% 23 bn RUB 34 bn RUB 79% 92% 21% 8% 71% 30 Sep 20 30 Sep 21 85% ■ Corporate loans (RUB) ▪ Project financing (RUB) ▪ Commercial papers (RUB) Fitch Expert RA Long term credit ratings enel ■LT Portion ■ ST Portion Debt facilities details 9M 2020 9M 2021 Average cost of debt (%) 8.5% 7.0% Rating BB+ Outlook Total credit facilities: utilized 132.2 131.3 Stable & available (RUB bn) ruAA- Stable Debt facilities utilized (%) 18% 26% 10#11Contact us enel Ilya Kalinin Investor Relations Email [email protected] Phone +7 495 539 31 31 ext. 7843 Channels e Website Enelrussia.ru Follow us fo enel e Mobile App Enel Investors 11