#1Enel Colombia Corporate Presentation 2021#2B AGENDA SP S •Enel in the word Ownership Structure of the Companies in Colombia •Main Business Lines Financial Information and Main Financial Indicators enel codensa emgesa 0#3Enel in the world Key player in the global power sector¹ ENEL IN COLOMBIA enel codensa - empesa ENEL EN EL MUNDO 13.112 GWh Annual Generation 14 Centrals 174 Substations 74.803 Km Network 3.503 MW Installed Capacity 000 3.703.594 Customers #1 Private network Operator² 49 GW of Capacity #1 Renewable energy Operator³ 74 mm End Users 70 mm on Customers 3.097 Hydro 406 Thermal 1.Figures with cut-off as of December 31, 2021 2 By number of end users. Public Property Operators not included. 3 By installed capacity. Includes Managed Capacity of 3.7 GW Source: Investor Presentation Grupo Enel https://www.enel.com/investors/financials#4ENEL'S GROWTH CODENSA Mucho más que energia Constitution of CODENSA S.A. ESP Codensa is registred in the RNVE and the FIRST ISSUANCE OF BONDS is made. codensa emgesa Grupo Enel ENEL GROUP buys 92,06 % of ENDESA enel codensa - emgesa 2016: enel codensa Rebranding to ENEL CODENSA EEC Merger New business line approved for the creation of a comercial financing company with Scotiabank Colpatria O 1980 1997 2004 2006 2007 2009 2010 2018 2019 2020 2021 Constitution of the CENTRAL HIDROELÉCTRICA DE BETANIA S.A-. O Constitution of EMGESA S.A. ESP emgesa E✓ endesa Emgesa is registred in the RNVE and the FIRST ISSUANCE OF BONDS is made. ENEL GROUP buys 92,06% of ENDESA Start of construction Works at QUIMBO 2016 The merger of CENTRAL HIDROELÉCTRICA BETANIA S.A. ESP with EMGESA S.A. ESP. Is perfected. It changes its name to EMGESA S.A. ESP Rebranding to ENEL EMGESA enel emgesa O New Investment Framework Agreement is signed between Enel Américas and Grupo Energía Bogotá ENEL CODENSA The incursión into new business line was approved, as well as the modification of the company's corporate purpose to include the posibility of manging publica lighting services, among other products#5AGENDA •Enel in the word ● Ownership Structure of the Companies in Colombia •Main Business Lines • Financial Information and Main Financial Indicators codensa emgesa#6Corporate Structure Enel-Emgesa 48.5% Economic Participation: 48.48% Right to vote: 56.42% Derivex 4.99% enel Enel S.p.A ☐ 65% enel Enel Américas GrupoEnergía Bogotá Grupo Energía Bogotá (Colombia) Other Minoritary Stockholders Economic Participation: 51.51% Economic Participation: 0.1% Right to vote: 0.1% enel emgesa 94.95% Sociedad Portuaria Central Cartagena S.A. Right to vote: 43.57% Enel Foundation#7Corporate Structure Enel-Codensa 48.3% Economic Participation: 48.3% Right to vote: 56.71% Enel Foundation enel Enel S.p.A enel 65% Enel Américas GrupoEnergía Bogotá Grupo Energía Bogotá (Colombia) Other Minoritary Stockholders enel 100% codensa Economic Participation: 51.3% Right to vote: 42.8% 100% Inversora Codensa S.A. Enel X Colombia S.A.S. 100% 4,9% Sociedad Portuaria Central Cartagena S.A. Bogotá ZE S.A.S Economic Participation: 0.4% Right to vote: 0.5%#8Colombia for the Enel Group enel codensa - emgesa In 2021 Colombia was the second largest EBITDA contributor in LATAM for the Enel Group, accounting el 27,3% of the región's EBITDA. USD $2.520 MM EBITDA LATAM Generation Brasil 22% #1 Perú 13% in LATAM Chile 22% Colombia 31% USD $787 MM enel emgesa Central America 6.7% Argentina 5% USD $1.342 MM USD $2.391 MM EBITDA LATAM Distribution Perú 9.2% Chile 6.8% #2 Argentina 0.9% in LATAM Colombia 23% EUR $555 MM enel Brasil codensa 59.9% (1) Data with cut-off to December 2021. Source: Presentation Consolidated Results FY Grupo Enel Colombia#9AGENDA ompany's Growth 85% GLOBAL BUSINESS REVIEW 7843 8 4 6 ance Application enel codensa-ergesa •Enel in the word 0 Ownership Structure of the Companies in Colombia •Main Business Lines 100% s (Steach concent rule $42,000 Financial Information and Main Financial Indicators 85%#10¿Who is Emgesa? Diversified generation portafolio in 3 different watersheds Guavio 1.250 MW Termozipa 226 MW Cartagena 180 MW Pagua 600 MW Minor 297 MW Betania 540 MW *Figures as of December 2021 Magdalena River Installed Capacity 3.503 MW* Guavio 1,250 MW Hydro 3,097 MW 88,4% Pagua 600 MW enel codensa - emgesa Guavio Menor 9,9 MW El Quimbo 400 MW Betania 540 MW Paraíso 276 MW La Guaca 324 MW Menor - Filo de Agua Charquito 19,4 MW Laguneta 18 MW Dario Valencia 150 MW Tequendama 56,8 MW Limonar 18 MW Salto II 35 MW Thermal 406 MW 11,6% Termozipa 226 MW Cartagena 180 MW#11¿Who is Emgesa? Strategic asset in the electric power sector in Colombia 19.7% Emgesa 3.503 MW 19.5% erel codensa emgesa EMGESA ■ EPM ■ Otros #1 in installed Capacity of the SIN 19,7% ■ Isagén ■ Celsia 13.9% ■ AES Chivor ■ TEBSA 4.1% ■ GECELCA 5.1% 17.1% ■ Prime Termoflores SIN'S (1) Net Capacity 17.762 MW 5.7% 7.7% ■▪ Empresa Urra ■ Termocandelaria #3 In Generation in Colombia 17,7% (1) SIN: National Interconnected System Fuente: XM. Data as of Diecember 31 de 2021 17.7% 22.2% Emgesa 13.112 GW/h ■ EPM EMGESA Isagén ■ Otros 10.9% ■ GECELCA ■ Celsia 3.5% ■ TEBSA 25.0% 6.8% SIN'S (1) Total Generation 4.6% 2.09.3% 73.934 GW/h ■ AES Chivor ■ Primer Termoflores ■ Empresa Urra#12¿Who is Emgesa? Excellence in operating results Power generation (GWh) Energy Sales (GWh) 3209 2656 14009 -6,4% +0,3% 13112 2020 2021 ①12.868 GWh 244 GWh Hydro Thermal ఇ) 14330 2020 क्ष ■Contracts Spot 77 88,8% Plant availability 14933 2021 eriel codensa - emgesa 73,6% 10.991 GWh Wholesalers 26,4% 3.942 GWh Non-regulated 3.503 MW Installed Capacity#13¿Who is Codensa? Wide coverage in medium and low voltage networks in Bogota and Cundinamarca ZIPAQUIRA RIONEGRO CAPARRAPI DEPARTAMENTO ZONA CENTRO CABR LM CARRETERA CENTRAL DE OCCIDENTE BOGOTÁ HONDA DEPARTAMENTO ZONA OCCIDENTE LA MESA GIRARDOT VIOTA GIRARDOT CARRETERA CENTRAL DEL SUR BOGOTÁ CALI TR VILLETA SAN JUAN X PICNICO PUL of ANOLAIMA 434 LA PRSA TEQUENDAMA PERON vo SUGA UBATE PACHO TS URATE BOGOTÁ CHIQUINQUIRA LIGADOLE CB OF NM NORESTE ZIPAQUIRA GA LAVEGA T CHIA MADRID OF MV NUD FUSAGASUGA AR CHARQUITO SUPAMAZ 2 LAUMON SR LOVE UBIQUE SOPO A LA CALPRA CAQUEZA FOSCA DEPARTAMENTO ZONA NORTE CENTRAL DEL NORTE BOGOTÁTUNJA GACHALA DEPARTAMENTO ZONA SABANA VIA GUAVIO PANATEBUENO M A ---[ enel codensa - emgesa Overhead Transmission 1258 Km Tension 115 Kv 83 Km Tension 57,5 Kv Lines 174 89.097 Substations SSEE Power Distribution Centers Power Transformers 255 10447 MVA HT 194 818 MVA MT Distribution Transformers 92.251 Units 11.224 MVA 1.037 285 MT Feeders 18.503 Km Urban 11.778 Km Rural MT LT Network 65.896 Km As of December 2021 Aerial 7.566 Km Underground#14¿Who is Codensa? Leader of the energy distribution and marketing sector in Colombia Participation in National Demand (%) As of December 2021 Codensa 21% #1 In energy distribution in Colombia Others 40% Total Demand SIN (1) 73.732 GWh EPM 14% enel codensa emgesa Number of Customers 3.703.594 3,609,950 3,526,776 Caribemar de la Costa 13% AIR-E 2019 12% (1) SIN: National Interconnected System Fuente: XM. December 31 2021 * Includes energies managed by the STN during the transition from Electricaribe to the new agents 2020 2021 Customers Profile Residential 89.4% O Commercial 8.9% Industrial 1.3% Official 0.3%#15¿Who is Condesa? Operational efficiency and growth in the customer base Quality Indicators 556 -12,2% 2020 SAIDI Losses Index 7.84% 2017 2021 8.87 488 2020 SAIFI -8.4% 2021 7.74% 7.67% 7.62% 7.53% 2018 2019 2020 2021 8.12 enel codensa - emgesa Codensa Energy Demand (GWh) +5,5% 15793 66% 10357 GWh Regulated 32% 5087 GWh Tolls 14965 2020 2021 7,53% 93.644 / 09 Losses Index New Customers 20,9% Of National Demand 20,7% Of National Regulated Demand#16AGENDA 210.24 •Enel in the word 209.22 210.74 200.33 1,218.38 456 60 Ownership Structure of the Companies in Colombia 51.41% •Main Business Lines 41 7513.08 Financial Information and Main Financial Indicators 168.02 29,240.68 enel codensa - emgesa#17Financial Results Emgesa - Operating income growth and margin stability (Million COP) Operating Income EBITDA 4,281 2020 Net Income 1,283 2020 +10.4% 4,727 2,489 2021 2020 Net Debt +33,4% 1,712 2021 1,838 2020 +18,7% +19,9% 2,955 2021 2,150 2021 enel codensa - emgesa 62,5% EBITDA Margin 36,2% Net Margin *EBITDA is calculated by adding depreciation and amortization (included in cost of sales and administrative expenses) to operating income (which is estimated to subtract cost of sales and administrative expenses from operating income)#18Financial Results Codensa-Operating income growth and margin stability (Million COP) Operating Income EBITDA 5,714 +11,8% 6,389 1,882 2020 Net Income +16,5% 843 2021 2020 Net Debt 982 2,453 +10,9% 2,087 2021 +48,4% 3,640 enel codensa - emgesa 32,7% EBITDA Margin 15,4% Net Margin 2020 2021 2020 2021 *EBITDA is calculated by adding depreciation and amortization (included in cost of sales and administrative expenses) to operating income (which is estimated to subtract cost of sales and administrative expenses from operating income)#19Financial Results Financial Debt - Emgesa 600 EMGESA'S MATURITY PROFILE ■Local Bonds ■Local Banks 650 enel codensa - emgesa Average life 3,4 years Emgesa's Rating AAA Local LP F1+ Local CP Fitch Ratings BBB/Negativa Internacional LP Fitch Ratings S&P Global 363 450 290 600 242 163 290 363 242 200 163 2022 2023 2024 2025 2026 2027 2028 2029 2030 Currency 100% COP Local Banks 20% Emgesa's debt composition Interest Rate IBR 20% Local Bonds 80% Fixed 13% 0 CPI 67%#20Financial Results Financial Debt – Codensa - enel codensa - emgesa CODENSA'S MATURITY PROFILE Local Bonds Local Banks 936 847 617 581 490 577 142 131 97 936 250 200 160 Average Life 3,3 years Codensa's Rating AAA Local LP Fitch Ratings F1 + Local CP 475 450 393 270 250 200 160 Fitch Ratings 2022 2023 2024 2025 2026 2027 2028 2029 2030 Currency 100% COP Codensa's debt composition Local Banks 46% 0 Local Bonds 54% Interest Rate Fixed 35% CPI IBR 24% 41%#21INTERNAL Contact us Investor Relations Team [email protected] Maurizio Rastelli CFO Alejandra Méndez Chaves Head of Finance and Insurance [email protected] Diego Fernando Rubio Mendoza Head of Financial Planning and Corporate Finance [email protected] Ana Cristina Garavito Parra Head of Capital Markets [email protected] Ibeth Natalia González Cárdenas Capital Markets Professional [email protected] Sandra Catalina Jiménez Villate Capital Markets Professional [email protected] enc codensa - emgesa For additional information visit our website: www.enel.com.co enel codensa#22enel codensa emgesa "This document is the property of ENEL, therefore it may not be disclosed or made public without the prior written consent of CODENSA. Its content is merely informative, so it does not have a contractual nature and it cannot be used as part of or to interpret any contract. CODENSA does not assume any responsibility for the information contained in this document, nor does it constitute any implicit or explicit guarantee regarding the impartiality, precision, completeness or correctness of the information or of the opinions and statements that are collected. Nor does it assume any responsibility for damages and/or losses that may be caused using this information. CODENSA does not guarantee that the perspectives contained in this document will be fulfilled in its terms. Neither ENEL nor any of its affiliates have the intention of updating such estimates, forecasts and objectives that may derive from this document except as otherwise required by law. 22