#1BOOSTING OUR TRANSFORMATION STRATEGY PRESENTATION 2021-2024 19 February 2021 3 H#2DISCLAIMER STRATEGY PRESENTATION 2021-2024 This document contains forward-looking statements regarding future events and the future results of Eni that are based on current expectations, estimates, forecasts, and projections about the industries in which Eni operates and the beliefs and assumptions of the management of Eni. In addition, Eni's management may make forward-looking statements orally to analysts, investors, representatives of the media and others. In particular, among other statements, certain statements with regard to management objectives, trends in results of operations, margins, costs, return on capital, risk management and competition are forward looking in nature. Words such as 'expects', 'anticipates', 'targets', 'goals', 'projects', 'intends', 'plans', 'believes', 'seeks', 'estimates', variations of such words, and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and assumptions that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Therefore, Eni's actual results may differ materially and adversely from those expressed or implied in any forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed in Eni's Annual Reports on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") under the section entitled "Risk factors" and in other sections. These factors include but are not limited to: • Fluctuations in the prices of crude oil, natural gas, oil products and chemicals; Strong competition worldwide to supply energy to the industrial, commercial and residential energy markets; • • • • • • Safety, security, environmental and other operational risks, and the costs and risks associated with the requirement to comply with related regulation, including regulation on GHG emissions; Risks associated with the exploration and production of oil and natural gas, including the risk that exploration efforts may be unsuccessful and the operational risks associated with development projects; Uncertainties in the estimates of natural gas reserves; The time and expense required to develop reserves; Material disruptions arising from political, social and economic instability, particularly in light of the areas in which Eni operates; Risks associated with the trading environment, competition, and demand and supply dynamics in the natural gas market, including the impact under Eni take-or-pay long-term gas supply contracts; Laws and regulations related to climate change; • Risks related to legal proceedings and compliance with anti-corruption legislation; • Risks arising from potential future acquisitions; and • Exposure to exchange rate, interest rate and credit risks. Any forward-looking statements made by or on behalf of Eni speak only as of the date they are made. Eni does not undertake to update forward-looking statements to reflect any changes in Eni's expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based. The reader should, however, consult any further disclosures Eni may make in documents it files with or furnishes to the SEC and Consob. 2#3BOOSTING OUR TRANSFORMATION E LEADING ENERGY TRANSITION CARBON NEUTRAL BY 2050 LEVERAGING INTEGRATION COMBINING RENEWABLES & CLIENTS FINANCIAL ROBUSTNESS 2024 CASH NEUTRALITY < $ 40/BBL STAKEHOLDER VALUE CREATION ENHANCED REMUNERATION STRATEGY PRESENTATION 2021-2024 3#4HIGHLIGHTS 2020#52020: FAST REACTION TO COVID CRISIS COSTS STRATEGY PRESENTATION 2021-2024 PEOPLE HEALTH AND BUSINESS CONTINUITY PORTFOLIO GO FINANCIALS >35% CAPEX REDUCTION vs original 2020 guidance -€ 1.9 BLN COST SAVINGS vs pre-covid level FID RESCHEDULING ON LARGE UPSTREAM PROJECTS INCREASED CAPEX ON GREEN PROJECTS LEVERAGE* MAINTAINED AT 30% FIRST ISSUANCE OF HYBRID BONDS OF € 3 BLN о NEW COMPANY ORGANIZATION LONG TERM DECARBONISATION PLAN *Pre IFRS AA ___ 5#62020 MAIN RESULTS STRATEGY PRESENTATION 2021-2024 OIL, GAS, LNG CCS/CCUS AND FORESTRY NATURAL RESOURCES PRODUCTION: 1,733 KBOE/D DISCOVERED RESOURCES: 400 MBOE GAS & LNG: EBIT € 330 MLN (+70%) FORESTRY REDD+: OFFSET 1.5 MTON CO₂EQ.; CCUS UK LICENSE AWARDED ENERGY EVOLUTION 日日日 TRADITIONAL TO BIO, BLUE, GREEN PRODUCTS RENEWABLES: 1 GW CAPACITY INSTALLED AND SANCTIONED ENTERED WORLD'S LARGEST OFFSHORE WIND PROJECT IN UK RETAIL G&P: EBIT € 330 MLN (+ 17%) BIO REFINING & MARKETING: EBIT € 550 MLN (+27%) 6#72020 FINANCIALS CASHFLOW | € Bln 5.0 6.7 1.7 CFFO CAPEX FCF LEVERAGE PRE IFRS ~30% CFFO and FCF @ Replacement Cost before Working Capital Adj 863ZX NECK 043 105 STRATEGY PRESENTATION 2021-2024 Saeeeeee 035700 N B 967 000000000000000 0000 e 000000000000 00 00 9 19 0100 0000 000 9 め O E9 M9E9 1631 9 00 eb ce 00000000000 Teb NEC 2020 CFFO GUIDANCE ACHIEVED SOHON GND 7#8OUR STRATEGY Volt. Mz KW Giri COS IS.CL. F IP 54#9AN INTEGRATED, ZERO CARBON, ENERGY COMPANY STRATEGY PRESENTATION 2021-2024 M STAKEHOLDER VALUE CREATION FINANCIAL DISCIPLINE DECARBONISATION DIVERSIFICATION FLEXIBILITY & RESILIENCE SCOPE 1,2 AND 3 IN BIO, RETAIL & RENEWABLES SUSTAINABLE DEVELOPMENT SSS GOALS DEPLOYMENT OF TECHNOLOGICAL INNOVATION 9#10ENHANCING VALUE THROUGH DIGITALIZATION & NEW TECHNOLOGIES SUPPORTING BUSINESS... HSE ASSET INTEGRITY SUPERCOMPUTING CAPACITY MODELING ALGORITHMS m TIITIT ...SHAPING THE FUTURE CIRCULAR ECONOMY & CHEMICALS FROM RENEWABLES RENEWABLES & SUSTAINABLE MOBILITY CCU TECHNOLOGIES BREAKTHROUGH TECHNOLOGIES € 1 BLN 4YP INNOVATION EXPENDITURE € 4 BLN 4YP GREEN ORGANIC CAPEX Green capex: Decarbonisation, Circular and Renewables STRATEGY PRESENTATION 2021-2024 10#11ENI NET ZERO EMISSIONS BY 2050 ABSOLUTE NET SCOPE 1+2+3 GHG EMISSIONS -25% -65% NET ZERO 2018 2030 2040 2050 NET CARBON -15% -40% -100% INTENSITY Scope 1+2+3 2030 2040 2050 STRATEGY PRESENTATION 2021-2024 LEVERS ✓ CARBON FREE PRODUCTS AND SERVICES ✓ INCREASED SHARE OF GAS ON TOTAL PRODUCTION ✓ BIO-METHANE FOR DOMESTIC USE AND MOBILITY ✓ BIOREFINERIES AND CIRCULAR ECONOMY ✓ BLUE AND GREEN HYDROGEN ✓ CCS AND REDD+ PROJECTS FULLY COMPREHENSIVE METHODOLOGY CONSIDERING ALL OUR ACTIVITIES AND ALL PRODUCTS WE TRADE 11#12NATURAL RESOURCES 2021-2024 0cdc ARUNAS#13UPSTREAM FLEXIBILITY AND RESILIENCE RESILIENCE UPSTREAM CAPEX COVERAGE| $/Bbl 37 -24% 2021-2024 CAPEX € 4.5 BLN AVERAGE PER YEAR 28 2021 2024 FLEXIBILITY >55% UNCOMMITTED IN 2023-24 Upstream capex coverage = Brent price at which upstream capex are covered by upstream CFFO STRATEGY PRESENTATION 2021-2024 13#14EXPLORATION LED BY GAS, TIME TO MARKET & EFFICIENCY MAIN BASINS & DISCOVERY EXPECTATIONS IN 4Y PLAN Barents Sureste Oil Gas O&G Norwegian Sea North Sea STRATEGY PRESENTATION 2021-2024 2021-2024 WELLS 12% NEAR FIELD Levantine Nile Delta Western Desert 44% ■ PROVEN BASINS 44% Arabic Gulf FRONTIER Berkine Oman Transform Margin Andamane Lower Congo 2021-2024 Song Hong Target Lamu Kutei Angoche 2 Bln boe equity Mboe Equity ○ <100 ☐ 100-200 >200 LOW RISK PORTFOLIO UEC $ 1.6/boe 14#15CASH FLOW GROWTH PRODUCTION | Kboe/d 2,000 1,600 1,200 4 % CAGR 2020-2024 800 2021 2022 2024 New production Brent ($/bbl) 50 55 61.2 UPSTREAM CFFO | € Bln AVG CAPEX 2021-2024 ~€ 4.5 BLN 6.5 2021 9 2022 80 STRATEGY PRESENTATION 2021-2024 10.4 2024 Eni 4YP Scenario ---Flat $50/bbl 2021 after OPEC cut CFFO after Working Capital 2024 PROVEN RESERVES: 55% GAS 8.7 15#16GAS & LNG ENHANCING EQUITY MONETIZATION BUILDING THE LNG PORTFOLIO STRATEGY PRESENTATION 2021-2024 LNG GROWTH: 14 MTPA in 2024 CONTRACTED VOLUMES Europe Far and Egypt Qatar Middle East Nigeria Indonesia Angola EQUITY SHARE: Australia Mozambique >70% in 2024 ● Equity Projects Third Parties Core Markets FCF after Working Capital 2021-2024 CUMULATIVE FCF: € 0.8 BLN 16#17REDUCING OUR CARBON FOOTPRINT TOWARDS NET ZERO EMISSIONS REDD+ FORESTRY INITIATIVES AFRICA: Angola, DR Congo, Ghana, Malawi, Mozambique, Zambia LATIN AMERICA: Colombia, Mexico IN OPERATION PLANNED MAIN CCS PROJECTS STRATEGY PRESENTATION 2021-2024 UK - LIVERPOOL BAY - NORWAY SLEIPNER ITALY - RAVENNA UK - TEESSIDE LIBYA - BES ASIA: Vietnam, Malaysia REDD+ FORESTRY OFFSET @ 2024: > 6 MTON CO₂ }}} UAE GHASHA - 17#18ENERGY EVOLUTION 2021-2024#19REFINING & MARKETING A PROGRESSIVE CONVERSION TO BIO-PRODUCTS Adj. EBIT* | € Bln Bio-Refining and Marketing Oil Refining (incl. Adnoc) 1.4 1.1 0.6 Scenario Eni 2021 Flat Scenario 2021 Scenario Eni 2024 DOUBLING RESULTS BY 2024 *Pro-forma with Adnoc BIO-REFINERIES CAPACITY 2 1.1 MTPA MTPA 2020 2024 PALM-OIL FREE IN 2023 STRATEGY PRESENTATION 2021-2024 19#20RETAIL + RENEWABLE INCREASING INTEGRATION ALONG THE GREEN POWER VALUE CHAIN INSTALLED RENEWABLE CAPACITY| GW ■RETAIL BASE | MLN CLIENTS 15 15 >11 >10 0.7 4 2021 2024 2030 STRATEGY PRESENTATION 2021-2024 GEOGRAPHICAL FOOTPRINT VALUE ADDED PROPOSITION LEVERAGING OUR RETAIL BASE 20 20#21RETAIL + RENEWABLE INCREASING INTEGRATION ALONG THE GREEN POWER VALUE CHAIN STRATEGY PRESENTATION 2021-2024 Adj. EBITDA | € Bln RENEWABLE RETAIL 0.6 1 2021 2024 MAXIMISING VALUE GENERATION 21 21#222021-2024 FINANCIALS#23FINANCIAL STRATEGY STRONG BALANCE SHEET STRATEGY PRESENTATION 2021-2024 FLEXIBILITY AND SELECTIVITY IN THE CAPEX PLAN M&A TO SPEED UP PORTFOLIO TRANSFORMATION NEW BUSINESS COMBINATIONS TO FOCUS AND MAXIMIZE GROWTH NEW FINANCIAL TOOLS LINKED TO SUSTAINABILITY KPIS A PROGRESSIVE AND COMPETITIVE DISTRIBUTION POLICY 23 23#24SELECTIVE CAPEX AND HIGH VALUE PORTFOLIO - IRR RENEWABLES 14% 10% 6% AVG CAPEX ~ € 7 BLN 2% Unlevered Levered UPSTREAM IRR-UPSTREAM STRATEGY PRESENTATION 2021-2024 20% 65% 18% 16% 20% 15% GREEN+RETAIL -20% Eni Scenario +20% OTHERS Projects in execution VEST Green: Decarbonisation, Circular and Renewables FOCUS ON GREEN & RETAIL AND SHORT CYCLE PROJECTS 24#25PORTFOLIO OPTIMIZATION STRATEGY 2021-2024 DISPOSAL PLAN UPSTREAM RATIONALIZATION OF NON CORE ASSETS € >2 BLN OTHER BUSINESSES ASSETS OPTIMIZATION GROSS NEW BUSINESS COMBINATIONS (REPLICATE VÅR ENERGI SUCCESS) STRATEGY PRESENTATION 2021-2024 25 45#26RESILIENT CASH GENERATION AND FLEXIBILITY CFFO❘ € Bln 15 10 5 0 2021 2022 2024 Eni Scenario ■@50$/bbl STRATEGY PRESENTATION 2021-2024 AVG CAPEX 2021-2024 ~ € 7 BLN 4YP FCF @Eni Scenario € 17 BLN 4YP FCF @$50/bbl € 12 BLN 2024 CASH NEUTRALITY @ FLOOR DIVIDEND < $40/BBL CFFO and FCF @ Replacement Cost before Working Capital Adj. Eni Scenario 2021: Brent $50/bl, PSV €147/kcm & €/$ 1.19 26#27REMUNERATION POLICY DIVIDEND BASED UPON ENI'S ANNUAL BRENT SCENARIO* | €/share OLD DIVIDEND NEW DIVIDEND 0.7 0.61 0.56 0.49 0.45 0.45 0.39 0.41 0.36 0.36 STRATEGY PRESENTATION 2021-2024 0.75 TOTAL DIVIDEND $43 Brent $45 Brent $48 Brent $50 Brent $55 Brent $60 Brent PROGRESSIVE FLOOR DIVIDEND ADDITIONAL VARIABLE DIVIDEND ANNUAL BUYBACK €0.36 dividend when Brent Scenario is $43 / bbl or above Floor is evaluated every year considering the execution of the strategic plan Equal to 30 - 45% of additional FCF generated between $43 - 65 / bbl Brent €300 mln for Brent between $56 - 60 /bbl €400 mln for Brent between $61 - 65 / bbl €800 mln for Brent above $65/bbl * To be announced in July 27 22#28CONCLUSIONS DECARBONISATION | CARBON NEUTRAL BY 2050 DIVERSIFICATION | RETAIL + RENEWABLES EBITDA > € 1 Bln @2024 FLEXIBILITY & RESILIENCE | CASH NEUTRALITY < $ 40/bbl @2024 ENHANCED REMUNERATION DIVIDEND INCREASE AND ACCELERATED BUYBACK STRATEGY PRESENTATION 2021-2024 28#29BACK UP#30SCENARIO ASSUMPTIONS STRATEGY PRESENTATION 2021-2024 4YP Scenario 2021 2022 2023 2024 Brent dated ($/bbl) 50 55 60 61.2 FX avg ($/€) 1.190 1.190 1.200 1.230 Ural MED c.i.f. - Med Dated Strip ($/bbl) -1.0 -1.4 -1.5 -1.7 Std. Eni Refining Margin ($/bbl) 3.8 4.5 4.6 4.6 NBP ($/mmbtu) 4.3 4.9 5.2 5.7 PSV (€/kcm) 147 163 167 181 Sensitivity 2021 EBIT adj (€ bln) net adj (€ bln) FCF (€ bln) Brent (+1 $/bbl) 0.21 0.14 0.15 Std. Eni Refining Margin (+1 $/bbl) 0.16 0.11 0.16 Exchange rate $/€ (-0.05 $/€) 0.18 0.08 0.14 30#31REMUNERATION POLICY TOTAL DIVIDEND | €/share STRATEGY PRESENTATION 2021-2024 0.86 0.86 0.84 0.81 0.79 0.77 0.75 0.72 0.69 0.66 0.63 0.61 0.58 0.56 0.53 0.51 0.49 0.47 0.45 0.43 Floor dividend 0.41 0.38 0.39 0.36 $43 $44 $45 $46 $47 $48 $49 $50 $51 $52 $53 $54 $55 $56 $57 $58 $59 $60 $61 $62 $63 $64 $65 $66 300 300 300 300 300 400 400 400 400 400 800 BUYBACK (€ Min) 31#32MAIN PLAN TARGETS STRATEGY PRESENTATION 2021-2024 DECARBONISATION UPSTREAM NET EMISSIONS SCOPE 1+2 -50% vs 2018 DIVERSIFICATION BIO REFINING: 2 MTPA +70% vs 2020 RENEWABLES: 4 GW installed 4X vs 2020 installed + sanctioned RETAIL: >11 MLN CLIENTS +15% vs 2020 FLEXIBILITY & RESILIENCE 2024 GROUP CFFO: € 13 BLN UPSTREAM CAPEX COVERAGE $28/BBL 2024 CASH NEUTRALITY @ FLOOR DIVIDEND: < $40/BBL ALL TARGETS REFER TO 2024 32#33NATURAL RESOURCES UPSTREAM + GLOBAL GAS&LNG TARGETS 2021 € 4 Bln 4YP € 18 Bln CAPEX CAPEX 2021 € 2 Bln 4YP € 19 Bln FCF FCF FCF after Working Capital LOWER BREAK-EVEN AND CARBON FOOTPRINT STRATEGY PRESENTATION 2021-2024 33#34ENERGY EVOLUTION G&P RETAIL, RENEWABLES, POWER, R&M AND CHEMICALS STRATEGY PRESENTATION 2021-2024 2021 CAPEX € 1.6 Bln 4YP € 7.9 Bln CAPEX 2021 ADJ. EBIT € 0.9 Bln 2024 € 2.1 Bln ADJ. EBIT A SELF-FINANCED SUSTAINABLE TRANSFORMATION 34#35BOUNDARY OF ENI GHG ACCOUNTING ENI'S DIRECT VS. INDIRECT EMISSIONS Scope 1+2 15% OIL&GAS NEW ONGOING INITIATIVES SCIENCE BASED TARGETS + Scope 3 85% ACTIVE ENGAGEMENT WITH KEY STAKEHOLDERS AND INDUSTRY DRIVING AMBITIOUS CORPORATE CLIMATE ACTION STRATEGY PRESENTATION 2021-2024 Climate Action 100+ Balls Driving Transition NET-ZERO COMPANY BENCHMARK ENERGY TRANSITION PRINCIPLES* *bp, Eni, Equinor, Galp, Occidental, Repsol, Royal Dutch Shell, Total COMPREHENSIVE OF ALL ENERGY PRODUCTS IN THE VALUE CHAIN NEW LIFECYCLE APPROACH PRODUCTION TRANSPORTATION TRANSFORMATION DISTRIBUTION ות SCIENTIFIC ADVISOR AND THIRD-PARTY REVIEW 3RD PARTIES END USE ENI UPSTREAM VOLUMES INCLUDED IN THE BOUNDARY ENI MID-DOWNSTREAM VOLUMES PURCHASED FROM THIRD PARTIES INCLUDED IN THE BOUNDARY THIRD PARTIES VOLUMES NOT INCLUDED IN THE BOUNDARY 35#36ENI'S ROADMAP TO 2050 MtonCO₂eq STRATEGY PRESENTATION 2021-2024 505 360 -25% vs 2018 -65% vs 2018 -100% vs 2018 NET GHG ABSOLUTE EMISSIONS Scope 1+2+3 167 0 2018 2030 2040 2050 gCO2eq/MJ 2030 UPSTREAM NET ZERO Scope 1+2 2040 2050 ENI NET ZERO ENI NET ZERO Scope 1+2 Scope 1+2+3 68 880 2030 2040 2050 57 38 NET CARBON INTENSITY Scope 1+2+3 0 -15% vs 2018 -40% vs 2018 -100% vs 2018 2018 2030 2040 2050 36#37MAIN DECARBONISATION TARGET STRATEGY PRESENTATION 2021-2024 2021 2024 2025 2030 2035 2040 NET ZERO CARBON FOOTPRINT SCOPE 1+2 NET LIFECYCLE EMISSIONS SCOPE 1+2+3 VS 2018 NET CARBON INTENSITY SCOPE 1+2+3 VS 2018 UPS -50% @2024 UPS NET ZERO -25% -15% GHG EMISSIONS PROCESS FLARING | msM³ 0 UPSTREAM GHG EMISSION INTENSITY VS 2014 -43% -80% CCS FUGITIVE METHANE EMISSIONS UPS VS 2014 CARBON EFFICIENCY INDEX (2014-2021) CARBON CAPTURE & STORAGE CO₂ (Mton CO₂/y) reached @2019 -2% YoY ENI NET ZERO ◄ 2050 -65% NET ZERO -40% NET ZERO ~7 50 50 FORESTRY POTENTIAL ABSORPTION FORESTRY (Mton CO2/y) >6 MTPA 20 @ 2024 20 ~ 40 37#38MAIN BUSINESSES TARGETS STRATEGY PRESENTATION 2021-2024 2021 2024 2025 2030 2035 2040 RETAIL CUSTOMER BASE | MLN POD >11 15 RENEWABLES INSTALLED CAPACITY | GW PALM OIL FREE BY 2023 BIO REFINING BIO REFINING | MLN TON/Y 1.1 2 OIL & GAS NATURAL GAS PRODUCTION | % ON PORTFOLIO 5 15 >25 60 60 ◄ 2050 >20 60 60 5-6 >90 38#39KEY PROJECTS STARTING UP IN 2021-24 [1/2] UAE Mahani 50% WI GAS LIQ Start up: January 2021 GAS Merakes Start up: Q2 2021 ANGOLA NORWAY 2021 Equity: 2 kboed Production (kboed): 18 (100%) 9 (equity) @2023 Cabaça North LIQ Start up: H2 2021 2021 Equity: 1 kboed Production (kboed): - 10 (100%) 4 (equity) @2023 Fenja LIQ Start up: 2022 Progress: 74% Production (kboed): 31 (100%) 10 (equity) @2024 Coral FLNG GAS Start up: 2022 Progress: 81% MOZAMBIQUE Production (kboed): 107 (100%) – 28 (equity) @2023 NOTE: Average yearly production in peak year/ at plateau 37% WI 2021 Equity: 34 kboed STRATEGY PRESENTATION Progress: 88% Production (kboed): INDONESIA 84 (100%) - 50 (equity) @2022 LIQ MEXICO 31% WI CONGO LIQ 25% WI Area 1 Full Field 65% WI 100% WI Start up: 2022 (Early Prod.: June '19) 2021 Equity: 19 kboed FF Progress: 53% Production (kboed): 92 (100%) @ 2025 - 60 (eq.) @2022 Nené ph. 2B Full Field 65% WI Start up: 2022 (Early Prod.: March '20) 2021 Equity: 1 kboed Production (kboed): 15 (100%) 10 (equity) @2024 Balder X LIQ Start up: 2022 Progress: 26% Production (kboed): 63% WI NORWAY 78 (100%) 49 (equity) @2023 39#40KEY PROJECTS STARTING UP IN 2021-24 [2/2] ANGOLA NORWAY NORWAY Agogo EP ph.2 37% WI LIQ Start up: 2023 (Ph.1: Dec '19) 2021 Equity: 6 kboed Production (kboed): 30 (100%) 10 (equity) @2023 UAE STRATEGY PRESENTATION 2021-2024 25% WI GAS Dalma Gas LIQ Start up: 2023 Production (kboed): 54 (100%) – 13 (equity) @2024 GAS Northern Gas Complex 26% WI Start up: 2024 Production (kboed): 130 (100%) 33 (equity) @2025 Johan Castberg 21% WI NGC Phase1 development Enguia North Veleir LIQ Espadarte North Maleva Start up: 2023 Congro South Lua Progress: 55% Quiluma Garoupa NW Alabote Production (kboed): Maboqueiro Malibu 28 Etele Tampa 190 (100%) – 40 (equity) @2025 Garoupa Atam East ANGOLA Atur Breidablikk LIQ Start up: 2024 Progress: <5% Production (kboed): 29% WI 57 (100%) 17 (equity) @2026 KAZAKHSTAN GAS KEP 1A LIQ Start up: 2024 Production (kboed): 26 (100%) 3 (equity) @2026 29% WI 40 40#41RENEWABLE FUTURE GROWTH INSTALLED CAPACITY | GW 0.3 4 SANCTIONED, ACCESSED, UNDER STUDY ITALY (ENI - CDP) SOLAR / WIND ONSHORE SOUTH EUROPE (ENI - X-elio) SOLAR / WIND ONSHORE - USA (ENI FALCK REN) SOLAR / WIND ONSHORE 1 GW NORTH EUROPE WIND OFFSHORE 3 GW 2 GW INSTALLED & SANCTIONED ACCESSED/ UNDER STUDY ACREAGE POTENTIAL 2020 2024 RENEWABLE POWER GENERATION 2024 60% TECHNOLOGICAL SPLIT í í 40% I 15 2030 STRATEGY PRESENTATION 2021-2024 41