#1Full Year enel 2022 Consolidated results March 16th, 2023#2Full Year 2022 Consolidated results Francesco Starace CEO enel#3Key highlights Business performance and managerial actions secured operating and financial trajectory of the Group 1 2 3 4 enel 2022 Results hit the guidance thanks to our integrated and resilient business model Operating evolution fully in line with our strategic guidelines Final phase of strategic repositioning: execution well advanced 0.40 €/sh DPS for 2022 2023 fixed DPS entails high single digit growth 2#41 2 3 234 Enel's Integrated business model absorbed the shocks of 2022 Ordinary EBITDA by business Ordinary EBITDA evolution (€bn) ၅၉ 8.3 FY 2022 19.71 €bn 9.9 19.2 +3% enel (0.9) 1.5 (2.0) 2.0 (0.5) 0.4 ~1.5 €bn integrated business 19.7 1.7 Integrated business FY 2021 Grids Generation Retail & Enel X Portfolio optimiz. Steward.² Delta non recurring FY 2022 & Other 1. The split does not include "Services & Other" for around (0.2) €bn 2. It includes delta capital gain for (0.95) €bn and recurring contribution from stewardship for 0.1 €bn 3#51234 1 2 3 4 Operating delivery capabilities pushed results above enel targets and supported a structural growth Ordinary EBITDA (€bn) Ordinary Net Income (€bn) +10%― 17.9 17.9 ABOVE GUIDANCE 19.7 19.2 +13% EBITDA and ABOVE GUIDANCE Net Income for 2022 above the 5.6 5.4 5.2 4.8 FY 2019 FY 2020 FY 2021 FY 2022 CMD Guidance 19.3-19.6 FY 2019 FY 2020 FY 2021 FY 2022 CMD Guidance 5.0-5.3 CMD 2022 guidance 4#61 2 3 Net debt within guidance in spite of 5 €bn impact from governments' measures still to be recovered Net Debt (€bn) enel 58-62 62.0 60.1 CMD Guidance 58.0 Mid-point of the 9.1 €bn FFO thanks to sound recovery in EBITDA and in working capital 5.4 €bn government measures' impact still to be recovered Strategic repositioning contribution CMD Guidance FY 2022 5#71 2 3 234 2022 continued to show a strong operating delivery, along our strategic guidelines Progressive de-risking of generation RES capacity on total¹ +14 pp Enabling electrification Free market customers (mn) +4.4 mn enel High quality grids SAIDI (min.) -21% 66% 21.6 294 52% 55% 59% 259 19.1 243 231 17.2 17.4 FY 2019 FY 2020 FY 2021 FY 2022 FY 2019 FY 2020 FY 2021 FY 2022 FY 2019 FY 2020 FY 2021 FY 2022 45.8 RES capacity1 (GW) 59.0 10 Public charging points (k) 23 43.8 Smart meters (mn) 45.8 42.2 Conventional capacity (GW) 31.0 12 Storage BTM (MW) 75 59% Digitalized grid customers 63% 1. It includes renewable managed capacity and BESS capacity#81 2 3 A strong RES development, notwithstanding supply enel chain disruptions, de-risks our generation Yearly additions¹ (GW) 2023-25 Additional capacity target¹ 1.7x 5.1 5.2 3.0 3.1 9.8 21 GW 11.2 FY 2019 FY 2020 FY 2021 FY 2022 Residual target ■In execution 1. It includes renewable managed capacity and BESS capacity Residual target covered around 7x by the 2023-25 mature pipeline 5.5 GW to be added in 2023, 100% already in execution Ready to accelerate energy independence in Europe: ~130 GW projects in pipeline in Italy and Iberia 7#91 234 Leveraging on forward hedged generation, fixed price enel sales protected customer base from energy shocks Free market customers (mn) +2.6 mn 18.7 16.1 FY 2021 FY 2022 Fixed sales on total (TWh) FY 2022 149 TWh Avg. sales price (€/MWh) 304 65% Avg. spot price Avg. fixed price offering Fixed power sales totalled 168 around 100 TWh Avg. spot price Avg. fixed price offering 8#101 2 3 Digital networks ready to host the accelerated roll out enel of distributed generation New connections¹ (GW) Smart meters (mn) +51% 20.6 45.8 mn 25.2 5.6 4.4 3.7 3.8 FY 2019 FY 2020 FY 2021 FY 2022 ■Smart meters New Smart meters 2.0 connections requests1 (k) 90 110 222 574 1. Distributed generation New connections requests increased 6 times versus 2019 New hosting capacity to unlock future value for the energy system 600k smart meters installed in LTM 9#111 2 3 Simplification efforts embedded in our strategic vision... Latin America restructuring enel European repositioning Endesa restructuring 2014 Slovenkse Elektrarne sale Sale of Severenergia Split of Enersis into Enel 2015 Chile and Enel Americas Merger of EGP Chile 2017 into Enel Chile Launch of share swaps on Enel Chile and Enel Americas 2018 2019 Sale of Reftinskaya Stake in Enel 2020 Chile @ 65% Merger of EGP Latam into Enel 2021 Americas, Enel stake @82.3% 10#121 2 3 ...now entering the final leg of Group's repositioning enel 2022 Latin America restructuring Sale of TX in Chile Disposal of Goiás grid Sale of Fortaleza CCGT in Brazil European repositioning Exit from Russia Footprint/asset base optimization Gas portfolio value crystallization in Chile Gridspertise valorization Stewardship and RES valorization NET DEBT IMPACT 5.92 €bn Sale of Argentina generation 。 Costanera¹ 。 Central Dock Sud Sale of Argentina distribution 2023 Exit from Peru Sale of Cearà in Brazil 1. 2. Exit from Romania Deal closed It includes impact of assets classified as HFS and capital gain from stewardship model Stewardship: Greece, Australia Gas portfolio in Spain Crystallization of RES asset value 12.2 €bn 11 (D#131 2 3 4 Simple and predictable shareholder remuneration enel Dividend per share (€/share) 1.2x 0.40 0.38 0.358 0.328 2019 2020 2021 2022 1. As of March 15th, 2023 Solid and visible improvement in shareholder remuneration with TSR at 110%¹ from 2015 12#14Full Year 2022 Financial results Alberto De Paoli CFO enel#15Results unaffected by volatile environment: guidance exceeded at EBITDA and Net Income level EBITDA1 Net Income¹ Net Debt enel 19.7 19.3-19.6 5.4 58.0-62.0 60.1 5.0-5.3 CMD Guidance FY 2022 CMD Guidance FY 2022 CMD Guidance FY 2022 FY 2021 (€bn) 19.2 5.6 51.7 1. Ordinary figures, it excludes extraordinary items in FY 2021 (-1,977 €mn: -53 €mn donations and emergency costs COVID-19, -1,590 €mn energy transition and digitalization funds, -334 €mn HFS Greece, Russia and Romania) and in FY 2022 (+235 €mn: +702 €mn M&A activities, -33 €mn donations and emergency costs COVID-19, -137 €mn HFS Greece, Russia and Romania, -297 €mn energy transition and digitalization funds) 14#161. 15 €bn investments deployed in 2022 to secure future enel EBITDA growth Gross capex by business and geography ရှာ 40% FY 2022 14.51 €bn 52% 8% Integrated business Grids Integrated business 4% 21% 29% 8.6 €bn 17% 29% Italy Spain 3% Latam North America 34% ROW 5.7 €bn 48% 15% It includes "Services & Other" for around 0.2 €bn and capex related to assets classified as HFS for 0.2 €bn 60% of capex deployed to improve our integrated business Focus on expanding the commodity and services offering Investments in grids to improve quality and efficiency 15#17EBITDA above guidance on sound business performance Ordinary EBITDA by business IT 8.3 FY 2022 19.71 €bn 1.7 enel Own production/Fixed power sales² RES production/Fixed power sales² +3 p.p. +1 p.p. 91% 94% 78% 79% FY 2021 FY 2022 FY 2021 FY 2022 9.9 Integrated business ୮ RAB/grid customers (€/cl) +7% Capex/grid customers (€/cl) +6% T 577 619 75 71 FY 2021 FY 2022 FY 2021 FY 2022 16 1. 2. The split does not include "Services & Other" for around (0.2) €bn Core countries#18enel Integrated business: geographical diversification ensured economics protection Group Ordinary EBITDA Integrated business: Ordinary EBITDA evolution (€bn) +16%- 0.4 8.3 FY 2022 19.71 €bn 11.2 (1.5) 9.9 0.3 1.2 0.4 1.6 (0.3) 11.2 11.6 FY 2021 Italy Iberia Latam Integrated North America Delta non FY 2022 Steward. FY 2022 business Stewardship integrated business recur. & Other excl. Steward. FY 20212 4.2 1.8 2.5 0.6 0.8 Grids FY 2022² 2.7 3.4 3.7 0.9 0.5 1. Split does not include "Services & Other" 2. It excludes 'Non Recurring items' 17#191. Integrated business: focus on Italy Ordinary EBITDA evolution (€bn) -36% 4.2 (1.6) (0.5) (0.3) 0.9 2.7 enel Power Free affected by dynamics on sourcing costs Power Regulated decline driven by lower contribution from regulated plants FY 2021 Power Free¹1 Power Regulated² Gas³ Trading & Gen. services 4 FY 2022 FY 2021 1.6 1.1 0.8 0.7 Trading benefitting from portfolio optimization FY 2022 0.6 0.5 1.6 Retail Free market, not regulated renewables, thermal generation Enel X services 2. Regulated generation and retail 3. Gas retail and wholesale 4. Trading and generation services 18#20Power Free: dynamics in Italy Fixed sales and coverage (TWh) Unitary margin dynamics (€/MWh) 54 48 16% -1 TWh Market purchases ~90 21% Price 1.5x ~140 FY 2021 FY 2022 m 33% 54% +14 TWh TGX + 46% 30% -7 TWh Renewables FY 2021 FY 2022 1. Unitary cost of sourcing ~40 Cost¹ 2.9x ~125 FY 2021 FY 2022 enel Unitary margin down 70% yoy impacted by unexpected higher sourcing costs not passed through customers' bills 19#21Grids up by 8% yoy, supported by the positive performance in Latam Group Ordinary EBITDA Grids ordinary EBITDA evolution (€bn) 11.6 FY 2022 19.71 €bn 7.8 05 7.7 (0.0) (0.1) (0.2) +8% 0.6 (0.3) 7.8 enel 0.5 8.3 20 20 FY 2021 Italy Iberia RoE Latam Grids Stewardship grids Delta FY 2022 Steward. FY 2022 non excl. recurr. Steward. Integrated business FY 20212 3.7 1.9 0.1 1.8 0.1 FY 20222 3.7 1.8 (0.1) 2.4 (0.2) 1. Split does not include "Services & Other" 2. It excludes 'Non Recurring items'#22Capex deployment to foster RAB growth Gross capex by nature Connections 32% FY 2022 5.7 €bn 50% enel RAB (€bn) +4%A Positive regulatory frameworks Enel Dx Sao Paulo Tariff increase approved end of June (c.+12%) 43 Perimeter 1.3 42 45 Enel Dx Ceara Tariff increase approved in April (c.+25%) FY 2022 RAB up by 7% Enel Dx Río Tariff increase approved in March (c.+17%) 18% Quality & Resiliency Digitalisation FY 2021 net of perimeter effect 21 21#23Net Income above guidance, driven by growth in EBITDA and lower financial expenses Net Ordinary Income evolution (€bn) enel -3% (0.9) 1.4 (0.6) 0.2 0.2 (0.6) EBITDA 5.6 5.4 FY 2021 Owner. Steward.' D&A Financial Taxes Minorities FY 2022 charges² 1. It includes delta capital gain for (0.95) €bn and recurring contribution from stewardship for 0.1 €bn 2. It includes income on equity Amortization increase due to higher capex deployed and FX, bad debt in line with historical level Cost of debt at 3.3%, -20 bps yoy supports reduction of financial charges Different geographical mix on earnings drives minorities evolution 22#24FFO: +8 €bn in Q4 driven by the expected recovery in working capital Cash flow (€bn) enel ANWC impacts evolution (€bn) 9M FY Govt & regulatory (5.0) (2.4) 2.6 measures 19.7 (2.0) ( 2.0 ) (4.2) Energy market context (3.7) (2.2) 1.5 (1.9) Capex (1.1) 1.1 (2.4) seasonality 9.1 Other & 1.2 Managerial actions Total 0.4 (8.6) (4.2) Ordinary A EBITDA Provisions¹ ANWC & Income Other taxes Financial expenses 2 FFO PY 19.2 (2.0) (0.8) (1.8) (2.8) 11.8 1. 2. Accruals, releases, utilizations of provisions in EBITDA (i.e. personnel related and risks and charges). Includes dividends received from equity investments. 23#25Q4 2022: Initial recovery of the impact of governments' measures Government measures impact¹ (€bn) --2.6 €bn ~8.0 - Italy 1 System charges elimination Tariffs equalization recognition enel FY 2021 9M 2022 FY 2022 2.4 5.7 4.3 Coal/gas mandatory stock Spain 0.7 1.7 0.8 ~5.4 Price cap on gas 5.0 2.4 Gas mandatory stock 2021 3.1 Stock 9M 2022 ~5.4 €bn 3.1 FY 2022 still to be recovered 1. Rounded figures System charges reduction > CO₂ regularization Romania 0.6 0.3 Price cap on supply business TOTAL IMPACT 3.1 ~8.0 ~5.4 24#26Net Debt at 60 €bn in line with mid-point of the guidance range Net debt evolution (€bn) 51.7 (9.1) ND/EBITDA enel 3.0x-3.3x 3.3x 3.1 1.5 5.0 3.0x 14.5 (3.5) 60.1 Low end of the CMD Guidance Dec. 31, 20211 FFO APM Capex Dividend paids FX² Dec. 31, 2022 CMD Guidance FY 2022 FY 2021 2.7 25 1. Restated figure 2. It includes foreign exchange derivatives realized in the period and new leases for 0.5 €bn.#271. 2. The Group's liquidity remained strong and stable over enel the period in spite of extreme volatility Gross Debt impact from margin calls, governments measures and energy context (€bn) Q1 2022 4.3 3.6 1.4 Liquidity position Liquidity position 9.3 25.1 Cash 11.1 H1 2022 2.6 5.3 1.4 9.3 25.9 FY 2022 30.62 €bn 19.5 9M 2022 9.0 8.0 3.7 20.7 24.7 FY 2022 6.8 5.4 2.2 14.4 30.62 Available committed credit lines¹ Margin calls Government measures Energy market context Of which 19.1 €bn of long term committed credit lines with maturities beyond December 2023 Liquidity position does not include the credit line guaranteed by SACE 26#28Cost of debt trending down thanks to proactive liability management implemented in 2021 Cost of Gross Debt enel Average LT Debt maturity (years) -FLAT- 4.1% -80 bps 6.80 6.90 3.7% 3.5% 3.3% FY 2019 FY 2020 FY 2021 FY 2022 Bond issued 6.3 0.7 10.4 12.4 (€bn) FY 2019 FY 2022 27 27#29Full Year 2022 Closing remarks Francesco Starace CEO enel#30Closing remarks enel Strong 2022 results despite extreme volatility Operational and financial resiliency back tested in the last three years Focus on accretive simplification and on growth on integrated margin countries in line with strategy Strategic development continued despite energy crisis 29 29#31Full Year 2022 Consolidated results Annexes enel#321. FY 2022 consolidated results Macroscenario Italy Iberia Latin America Argentina FX against €¹ GDP (%) CPI (%) FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 3.92 6.72 8.20 1.87 5.47 5.52 8.39 3.09 Spot Price (€/MWh) FY 2021 FY 2022 FY 2021 304.02 125.46 167.66 111.93 enel Electricity Demand (TWh) FY 2022 FY 2021 315.61 319.32 235.08 241.88 5.26 10.40 72.43 48.41 189.53 117.01 90.80 138.22 Brazil 3.03 5.32 9.28 8.30 5.66 6.50 10.80 43.00 610.99 609.16 Chile 2.82 11.85 11.64 4.52 910.12 968.29 98.51 66.24 75.97 81.49 Colombia 7.50 11.02 10.18 3.50 5,190.39 4,604.52 48.43 34.03 44.55 73.75 Peru 2.73 13.65 7.88 3.98 4.08 4.54 34.64 7.74 46.24 53.95 Rest of Europe Romania 4.50 5.31 13.80 5.05 4.94 4.97 206.28 114.77 57.48 62.29 North America USA 2.08 5.95 7.99 4.69 1.07 1.14 Mexico 3.05 4.94 7.90 5.69 20.87 23.46 3,710.93 331.68 4,080.54 320.60 Africa, Asia & Oceania India 6.92 8.27 6.69 5.14 88.53 85.01 1,355.40 1,365.58 Australia 3.58 5.21 6.62 2.82 254.20 247.20 South Africa 2.35 4.91 6.85 4.55 18.23 18.17 214.79 221.06 As of December 31st, 2022 31#33FY 2022 consolidated results Group consolidated net capacity: breakdown by technology and geography enel Solar & MW Hydro Wind Geothermal Nuke Oil & Gas Coal CCGT TOTAL Other Italy Iberia 12,995 861 776 51 2,253 4,720 4,596 26,252 4,746 2,882 1,665 3,328 2,333 1,644 5,445 22,044 Latin America 10,542 3,422 83 3,779 2,618 226 3,853 24,524 Argentina 1,328 1,169 1,922 4,419 Brazil 1,272 2,565 1,234 5,071 Chile 3,508 725 83 2,043 581 1,468 8,409 Colombia 3,097 208 180 226 3,711 Perù 792 132 179 687 463 2,255 Other¹ 545 115 660 Rest of Europe 19 871 130 1,020 Romania 498 36 534 Russia Other² North America Mexico 233 19 372 94 486 53 7,160 72 2,249 9,532 53 893 220 1,165 Canada 327 327 USA 5,940 72 2,029 8,041 Africa, Asia & Oceania³ 539 667 1,206 Total 28,355 15,735 931 8,540 3,328 7,204 6,590 13,894 84,578 123 Includes Panama, Guatemala and Costa Rica 32 2. Includes Greece and Germany Includes Australia, South Africa, India and Zambia#34FY 2022 consolidated results Group consolidated net production: breakdown by technology and geography enel Solar & GWh Hydro Wind Geothermal Nuke Oil & Gas Coal CCGT TOTAL Other Italy Iberia 11,584 1,256 5,407 64 171 17,260 12,718 48,460 4,477 5,709 1,855 26,508 4,450 997 20,719 64,715 Latin America 35,443 12,428 382 4,901 2,885 1,466 18,089 75,594 Argentina 1,550 350 9,220 11,121 Brazil 4,468 10,116 2,024 16,608 Chile 9,768 1,694 382 2,160 1,239 1,264 5,708 22,215 Colombia 13,272 151 38 202 13,663 Perù 4,128 618 450 1,259 3,160 9,615 Other¹ 2,257 117 2,374 Rest of Europe 26 2,254 177 7,145 2,911 12,513 Romania 1,194 43 1,237 Russia 128 7,145 2,911 10,184 Other² 26 932 134 1,093 North America 197 19,859 327 3,001 23,385 Mexico 197 1,598 518 2,313 Canada 674 674 USA 17,587 327 2,484 20,398 Africa, Asia & Oceania³ 1,749 1,350 3,099 Total 51,728 43,255 6,117 11,349 26,508 14,652 19,722 54,436 227,767 123 Includes Panama, Guatemala and Costa Rica 33 2. Includes Greece and Germany Includes Australia, South Africa, India and Zambia#35FY 2022 consolidated results Group total additional capacity1: breakdown by technology and geography enel Solar & MW Hydro Wind Geothermal Nuke Oil & Gas Coal CCGT TOTAL Other Italy Iberia 551 68 3 21 643 5 337 567 908 Latin America 1 492 14 857 3 4 1,370 Argentina - Brazil Chile Colombia 409 1 83 14 722 3 122 Perù - 4 Other² 14 Europa & North Africa 32 སྨྱཊྛ < < ལྐ 409 822 122 Romania Russia 32 Other³ 0 North/Central Americas 898 693 Mexico Canada USA 116 782 32 300 1,591 693 116 1,475 Africa, Asia & Oceania 4 420 420 Total 557 1,827 17 2,559 3 4 4,965 34 1. Excludes managed capacity and BESS 2. Includes Panama; 3. Includes Greece; 4. Includes India#36FY 2022 consolidated results Renewable projects in execution: breakdown by technology and geography1 enel Solar & MW Wind Hydro Geothermal BESS Total Other Italy 29 8 373 1,734 2,144 Iberia 9 20 1,357 25 1,410 Latin America 1,638 159 2,067 203 4,067 Rest of Europe 1 84 - 85 North America 36 1,724 851 2,610 Africa, Asia & Oceania Total 793 93 886 2,506 187 5,697 2,812 11,203 1. Includes both consolidated and managed capacity 35#37FY 2022 consolidated results Pipeline Renewables Pipeline (GW) 462 74 245 enel 2023-25 Additional capacity target² Capacity in execution 11.2 21 GW Residual target 9.8 132 11.2 2023 target in execution 100% Gross Pipeline BESS 1 Early stage Mature In execution 2024 target in execution 70% 1. 2. It includes BESS for around 48 GW in early stage and around 26 GW in mature pipeline It includes both renewables and BESS 36#38FY 2022 consolidated results Mature pipeline¹ By technology 65% By geography 3% 12% 11% 32% 9% 11% 132 GW 132 GW 23% 34% By COD enel 12% 132 GW 75% 32% 2024 Wind Solar Italy Iberia North America 2025 Rest of Europe >2025 Hydro & Others Latin America Africa, Asia & Oceania 1. It excludes BESS mature pipeline 37#39FY 2022 consolidated results Enel Grids KPIs¹ enel Electricity distributed² (TWh) FY 2022 FY 2021 Grid customers (mn) Smart meters² (mn) FY 2022 FY 2021 FY 2022 FY 2021 Italy Iberia Latin America Argentina 220.4 226.9 31.7 31.6 31.6 31.4 131.8 131.2 12.5 12.4 12.3 12.2 139.9 136.4 25.4 28.2 0.7 0.6 17.5 16.7 2.6 2.5 Brazil 81.7 80.4 15.4 18.4 0.2 0.1 Chile 17.3 16.6 2.1 2.0 0.4 0.3 Colombia 15.1 14.6 3.8 3.7 0.1 0.1 Peru 8.3 8.1 1.5 1.5 Rest of Europe 15.5 16.0 3.1 3.0 1.3 1.0 Romania 15.5 16.0 3.1 3.0 1.3 1.0 Total 507.7 510.6 72.7 75.2 45.8 45.2 1. 2022 figures after the disposal of Enel Goiás (Brazil) 2. FY 2021 restated 38#401. FY 2022 consolidated results Retail KPIs enel Power Gas Customers (mn) Volumes¹ (TWh) Customers (mn) Volumes (bscm) FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 Italy 21.4 21.8 97.2 92.8 4.6 4.2 4.7 4.4 Iberia 10.5 10.3 79.0 79.5 1.8 1.7 4.9 5.2 Latin America 25.4 28.3 135.1 127.9 0.3 0.2 Rest of Europe 2.9 3.0 9.8 9.3 0.2 0.1 0.3 0.2 Total 60.2 63.4 321.1 309.4 6.6 6.0 10.2 9.9 Net of energy losses 39 33#41FY 2022 consolidated results Enel X and Enel X Way KPIs enel Enel X Way Public Charging points (k) Enel X Street lighting (mn) Electric buses (#) Storage BTM (MW) Demand Response (GW) FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 Italy Iberia Latin America 18.3 15.2 1.6 1.5 154 17 0.6 FY 2021 1.0 3.7 2.4 0.1 0.1 294 146 - 0.2 0.4 0.3 1.3 1.2 4,326 2,491 1 0.1 North America Rest of Europe 0.3 0.2 - Africa, Asia & Oceania Other Total 268 267 73 52 72 22 207 125 1 226 4.6 4.1 1.2 1.1 1.9 1.5 22.6 18.1 3.0 2.8 5,321 3,046 75 80 8.5 7.7 40 40#42FY 2022 consolidated results Capex1 (Єmn) enel Conventional Generation & Global Trading Enel Grids EGP Retail Enel X FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 Services & Other 2 Total FY 2021 FY 2022 FY 2021 Italy Iberia Latin America Argentina 408 303 2,714 2,554 821 406 460 271 334 860 873 833 713 248 427 196 96 45 289 143 1,903 1,663 2,106 1,864 77 尚超 69 141 84 4,641 3,843 40 58 44 2,315 2,201 46 8 6 4,384 3,722 81 56 164 166 1 1 - 246 222 Brazil 1 6 1,235 991. 772 748 23 11 1 1 2,032 1,757 Chile 83 40 153 166 817 754 1 1 6 5 1,061 966 Colombia 11 18 220 225 286 273 25 17 542 533 Peru 17 23 132 115 201 41 28 16 377 195 Other 95 29 47 - 125 48 Rest of Europe 17 34 140 192 53 204 13 20 5 North America 7 8 2,408 Africa, Asia & Oceania 189 2,237 318 66 9 25 17 228 456 2,490 2,292 15 Other Total 40 992 822 5,657 5,296 113 18 30 69 6,428 5,773 721 643 373 285 ៩៩៩ 10 203 329 74 115 148 242 266 332 289 14,503 13,108 1. 2. Rounded figures, it includes capex related to asset classified as HFS Services and Other includes Enel X Way 41#43FY 2022 consolidated results Asset development Capex¹ (Єmn) enel Conventional Generation & Global Trading Enel Grids EGP Retail Enel X Services & Other 2 Total FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 Italy Iberia Latin America Argentina 316 207 1,318 1,355 632 244 16 15 388 408 749 635 123 17 398 454 1,954 1,753 215 47 39 50 32 132 37 34 2,351 1,879 33 20 1,187 1,082 3 2 2,528 2,258 13 21 42 34 42 Brazil 279 285 722 721 Chile 15 16 36 41 769 726 Colombia 42 59 259 249 Peru 20 28 188 29 26 ALLY 2122 1 1,003 1,007 1 3 2 825 785 15 321 323 14 234 72 Other 95 16 29 111 29 Rest of Europe 9 13 32 67 43 197 North America 2,329 2,190 1 3 4 1 Africa, Asia & Oceania 180 311 Other 33 14 21 55 Total 464 251 2,169 2,285 5,901 5,351 158 150 — བ་ཊྛཱཤྩ 71 145 184 1 85 279 4 2,341 2,198 180 311 63 64 165 156 125 8,837 8,162 1. Rounded figures 2. Services and Other includes Enel X Way 42#44FY 2022 consolidated results Revenues¹ (Єmn) enel Conventional Generation & Global Trading Enel Grids EGP Retail Enel X FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 Services & Other 2 FY 2021 Total FY 2022 FY 2021 Italy 55,389 22,816 6,963 7,326 2,149 2,725 32,666 19,818 742 504 (14,401) (7,772) 83,508 45,417 Iberia 17,488 8,344 2,258 2,489 935 900 27,764 16,177 365 266 (15,977) (7,124) 32,833 21,052 Latin America 3,858 2,390 12,956 10,366 4,164 4,235 1,687 1,393 373 271 (1,703) (1,698) 21,335 16,957 Argentina 145 165 1,000 688 35 37 2 15 11 (1) (2) 1,194 901 Brazil 959 957 7,762 7,109 739 1,551 507 349 30. 22 (777) (685) 9,220 9,303 Chile 2,268 899 2,562 1,262 2,076 1,375 114 93 74 64 (667) (512) 6,427 3,181 Colombia 218 186 753 630 822 884 807 760 193 127 (42) (379) 2,751 2,208 Peru 268 183 879 677 201 141 259 189 61 47 (205) (117) 1,463 1,120 Other 291 247 (11) (3) 280 244 Rest of Europe 14 (3) (8) 40 1 - - 83 50 (42) (34) 87 14 North America 218 100 1,702 1,147 9 7 247 243 38 16 2,214 1,513 Africa, Asia & Oceania 196 175 70 67 (1) 266 241 Other (632) Total 76,335 (1,044) 32,603 863 23,032 61 (19) (11) 26 4 329 27 (293) 1,488 274 525 20,242 9,167 9,172 62,152 37,399 2,209 1,428 (32,378) (15,125) 140,517 85,719 1. Rounded figures. FY 2021 restated figure 2. Services and Other includes Enel X Way 443#45FY 2022 consolidated results Reported EBITDA1 (Єmn) enel Conventional Generation & Global Trading Enel Grids EGP Retail Enel X Services & Other 2 Total FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 Italy 2,578 (277) 3,676 3,455 (564) 1,160 447 2,223 122 145 48 (73) 6,307 6,633 Iberia 2,587 859 1,615 1,872 631 840 353 545 75 59 (31) 8 5,230 4,183 Latin America 535 289 3,282 1,780 2,319 1,803 434 259 127 93 (118) (81) 6,579 4,143 Argentina 77 96 88 2 21 24 30 12 5 5 (3) (3) 218 136 Brazil (55) 132 1,276 1,100 506 334 233 134 4 1 (22) (18) 1,942 1,683 Chile 336 (107) 1,219 136 747 532 66 43 18 20 (93) (59) 2,293 565 Colombia 26 58 486 385 673 600 77 49 74 50 1,336 1,142 Peru 153 112 213 157 203 141 28 21 26 17 (1) 623 447 Other (2) (2) 169 172 167 170 Rest of Europe 3 (5) (23) (23) (1) (15) - - 31 4 17 34 27 (5) North America (20) (38) 986 696 4 6 (7) 36 (23) (16) 940 684 Africa, Asia & Oceania 93 110 (7) 2 (3) (2) 83 110 Other 14 (15) 564 16 13 (24) 5 311 (13) (155) 1,521 752 1,485 Total 5,697 813 9,114 7,100 3,477 4,570 1,243 3,033 652 326 (265) 1,391 19,918 17,233 1. Rounded figures, FY 2021 restated figure 2. Services and Other includes Enel X Way 44#46FY 2022 consolidated results Ordinary EBITDA1 (Єmn) Italy Iberia Latin America Argentina Brazil Chile Colombia Peru Other Rest of Europe North America Africa, Asia & Oceania Other Total 1. enel Conventional Generation & Global Trading Enel Grids EGP Retail Enel X Services & Other 2 Total FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 2,735 2,583 6,094 1,702 ༔ ༔ ཧྨ ཤྲ རྒྱུ ལྷ ཛྰ S ཧྨ ⌘ ་ ས སྟྲ ཥྞཾ ལྷུ ཥྞ ཋ ཋ གྷ མ ནཱ པ ་་༔ 3,707 3,836 (562) 1,621 1,877 2,445 1,810 2,372 88 3 1,489 1,120 168 144 487 385 213 158 (61) 96 2 564 8,276 7,663 6663 44 3,779 སྦྲུསྒྱེ་སྒྲུབ བྷཉྫུ རྞ ཀླུ ཇ རྞ ཧྨ འ ཉྫུ FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 1,184 448 2,311 122 153 50 34 6,500 7,982 840 356 547 76 62 (20) 21 5,247 4,191 1,809 435 263 127 94 (119) (79) 5,997 4,247 24 30 12 5 5 (3) (3) 217 138 334 233 136 4 1 (23) (18) 2,290 1,705 536 67 44 18 21 (93) (57) 1,357 639 601 77 49 74 50 1,341 1,143 141 28 22 26 17 (1) 624 451 173 168 171 177 (126) 699 4 ཊྛ° (41) 50 19 (5) 5 147 337 6 (6) 36 (24) (15) 942 687 110 (7) 2 (3) (2) 83 110 (4) 5 311 (10) (140) 1,624 767 1,656 4,815 1,122 3,086 673 356 (261) 1,588 19,683 19,210 It excludes extraordinary items in FY 2021 (-1,977 €mn: -53 €mn donations and emergency costs COVID-19, -1,590 €mn energy transition and digitalization funds, -334 €mn HFS Greece, Russia and Romania) and in FY 2022 (+235 €mn: +702 €mn M&A activities, -33 €mn donations and emergency costs COVID-19, -137 €mn HFS Greece, Russia and Romania, -297 €mn energy transition and digitalization funds) 2. Services and Other includes Enel X Way 45#47FY 2022 consolidated results Reported EBIT1 (€mn) enel Conventional Generation & Global Trading Enel Grids EGP Retail Enel X Services & Other 2 Total FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 FY 2022 FY 2021 Italy 2,424 (1,465) Iberia 2,024 (1,205) Latin America (59) Argentina (286) Brazil (135) Chile 299 Colombia (55) Peru 122 Other (3) Rest of Europe 8 North America (20) Africa, Asia & Oceania Other 7 Total 4,385 (2,642) ཙྪཱཙྪཱ་ལིའི་ཝཆག་སྐྱ་བུ་ 2,326 2,119 (885) 886 (548) 1,421 (39) 39 (28) (198) 3,251 2,801 815 1,089 371 609 72 343 27 13 (70) (47) 3,239 802 1,660 1,133 1,890 1,274 167 (45) 103 74 (122) (85) 3,640 2,439 52 (25) 14 18 14 4 5 5 (3) (3) (205) 25 (86) 676 378 253 29 (114) 4 1 (25) (19) 165 917 1,160 87 574 375 44 19 18 19 (95) (62) 2,000 257 391 297 624 552 57 31 58 39 1,075 959 144 98 168 107 24 16 18 10 (1) 475 313 132 (30) 1 130 (33) 5,332 ༅་་སྐྱི 5 (14) - - 31 8 (5) (2) 32 (9) 592 226 3 5 (50) (33) (24) 492 168 18 15 (12) (1) (2) (1) 4 13 (13) (21) (45) 5 284 (38) (278) 1,455 535 1,338 4,326 1,970 2,951 (300) 1,723 344 94 (538) 1,099 11,193 7,551 1. Rounded figures. FY 2021 restated figure 2. Services and Other includes Enel X Way 46#48FY 2022 consolidated results From EBITDA to net income1 (Єmn) enel FY 2022 reported FY 2021 FY 2022 reported² A yoy ordinary EBITDA D&A EBIT Net financial charges 19,918 17,233 15.6% 19,683 FY 2021 ordinary 19,210 A yoy 2.5% (8,725) (9,682) (7,554) (6,975) 11,193 7,551 48.2% 12,129 12,235 -0.9% (2,456) (2,744) (2,507) (2,827) Net income from equity investments using equity method 4 571 27 102 EBT 8,741 5,378 62.5% 9,649 9,510 1.5% Income tax (3,523) (1,620) (2,622) (2,831) Net income 5,218 3,758 7,027 6,679 Minorities (1,238) (668) (1,636) (1,086) Discounted operations (2,298) 99 Group net income 1,682 3,189 -47.3% 5,391 5,593 -3.6% 1. Rounded figures 2. FY 2021 restated figure 47#49FY 2022 consolidated results D&A reported (Єmn) FY 2022 FY 2021 A yoy Generation and Trading 1,312 3,455 -62.0% Enel Green Power 1,507 1,619 -6.9% Grids 3,782 2,774 36.3% Retail 1,543 1,310 17.8% Enel X 308 232 32.8% Others and adjustments 273 292 -6.5% Total 8,725 9,682 -9.9% 48 888 enel#50FY 2022 consolidated results Long-term debt¹ structure By currency 49% By currency After swap enel Interest rate composition Long term credit ratings 18% 82% 71.9 €bn 1% 71.9 €bn 6% 2% 1% 4% 1% 2% 1% 10% 38% 1. Rating Outlook S&P BBB+ Negative 71.9 €bn Moody's Baa1 Negative 82% Fitch BBB+ Stable EUR ■ USD BRL CLP COP ■ Other GBP ■ Floating ■Fixed + Hedged In nominal terms 49 49#51FY 2022 consolidated results Debt structure by instrument (Єbn) enel EGP SPA Latin North Debt by instrument Enel Spa EFI and Central Others Italy Iberia Europe America America Africa, Asia and Oceania Total Bonds 4.36 41.09 0.01 4.62 1.61 51.69 Bank Loans 1.53 0.23 3.81 5.99 3.29 1.19 0.11 16.15 Tax Partnership 0.50 0.50 Other Loans 0.02 0.54 0.86 0.45 0.81 0.01 2.69 Other short term debt 0.39 0.95 1.72 1.01 0.33 0.14 0.01 4.55 Commercial Paper 7.23 4.99 1.62 13.84 Gross debt 6.28 49.27 0.25 6.07 12.86 8.69 5.87 0.13 89.42 Financial Receivables -1.23 -0.81 -0.53 -1.26 -0.87 -0.01 -4.71 Tariff Deficit -2.34 -2.34 Other short term financial receivables -0.39 -0.58 -0.02 -1.71 -6.21 -1.20 -0.38 -0.10 -10.59 Cash and cash equivalents -4.87 -0.18 -0.16 -1.56 -0.87 -2.02 -1.37 -0.03 -0.06 -11.12 Derivative on exchange rates m/l term borrowings¹ 0.06 -0.57 -0.08 -0.59 Net Debt - Third Parties 1.08 46.71 -0.74 2.27 2.18 4.52 4.12 -0.03 -0.04 60.07 Net Debt Intercompany 19.10 -58.29 7.54 21.88 5.68 3.29 0.72 0.08 Net Debt - Group View 20.18 -11.58 6.80 24.15 7.86 7.81 4.84 -0.03 0.04 60.07 1. Fair Value of the Cross Currency Swaps stipulated to hedge the financing with third parties in foreign currency 50#52FY 2022 consolidated results Debt maturity coverage split by typology (€bn) Available liquidity¹ enel 19.5 30.6 €bn 11.1 Available committed credit lines² Cash Bank Loans and Others Bonds 33.5 7.1 26.4 10.9 8.4 8.4 4.3 7.0 2.8 3.1 1.8 1.2 6.6 5.2 5.3 6.6 1.6 2023 2024 2025 2026 2027 After 2027 1. Liquidity position does not include the credit line guaranteed by SACE 2. Of which 19.1 €bn of long term committed credit lines with maturities beyond December 2023 51#53FY 2022 consolidated results Balance sheet (Єmn) 1 Net financial debt enel FY 2022 FY 2021 A 60,068 51,693 16.2% Shareholders' equity 42,082 42,342 -0.6% Net capital employed¹ 102,150 94,035 8.6% 1. FY 2021 restated figure 52 52#54FY 2022 consolidated results Headcount FY 2022 FY 2021 A yoy Generation and Trading 6,447 7,847 -17.8% Enel Green Power 9,397 8,989 4.5% Distribution 30,262 33,263 -9.0% Retail 5,418 6,148 -11.9% Enel X 2,875 3,352 -14.2% Others and adjustments 10,725 6,680 60.6% Total 65,124 66,279 -1.7% enel 53#55FY 2022 consolidated results Disclaimer enel This presentation contains certain forward-looking statements that reflect the Company's management's current views with respect to future events and financial and operational performance of the Company and its subsidiaries. These forward-looking statements are based on Enel S.p.A.'s current expectations and projections about future events. Because these forward-looking statements are subject to risks and uncertainties, actual future results or performance may differ materially from those expressed in or implied by these statements due to any number of different factors, many of which are beyond the ability of Enel S.p.A. to control or estimate precisely, including changes in the regulatory environment, future market developments, fluctuations in the price and availability of fuel and other risks. You are cautioned not to place undue reliance on the forward-looking statements contained herein, which are made only as of the date of this presentation. Enel S.p.A. does not undertake any obligation to publicly release any updates or revisions to any forward-looking statements to reflect events or circumstances after the date of this presentation. The information contained in this presentation does not purport to be comprehensive and has not been independently verified by any independent third party. Certain numbers in this presentation are rounded, while certain figures may have been restated. This presentation does not constitute a recommendation regarding the securities of the Company. This presentation does not contain an offer to sell or a solicitation of any offer to buy any securities issued by Enel S.p.A. or any of its subsidiaries. Pursuant to art. 154-bis, paragraph 2, of the Italian Unified Financial Act of February 24, 1998, the executive in charge of preparing the corporate accounting documents at Enel, Alberto De Paoli, declares that the accounting information contained herein correspond to document results, books and accounting records. 54#56FY 2022 consolidated results Contact us ene Monica Girardi Head of Group Investor Relations Investor Relations team Federico Baroncelli Contacts Email [email protected] Phone +39 06 8305 7975 Investor Relations App eneu Investor Relations DOWNLOAD APP Serena Carioti Federica Dori Fabrizio Ragnacci Danielle Ribeiro Da Encarnacao Riccardo Ricci Noemi Tomassi Emanuele Toppi Channels enel ios Android e e f in Ο You Tube e Website Enel.com