Free Market Performance and Investment Plans

Retail Free Market performance: EBITDA up by 3% in Italy and 5% in Spain EBITDA evolution1 (€mn) enel Focus on free market EBITDA (Єmn) Energy sold (TWh) 2 -3% ୮ -% +9% ୮ ୮ ר 64.2 69.9 3,197 3,086 2,551 2,549 18.0 17.2 +5% -17% 71 91 Italy 646 537 514 47.0 51.9 538 +10% +5% FY 2020 FY 2021 ■ B2C 2,551 2,549 1,903 1,961 -% +3% B2B -1% 75.7 75.2 18.7 18.0 -4% FY 2020 Regulated markets Free markets FY 2021 FY 2020 FY 2021 ■ Italy Romania Other Iberia 57.0 57.2 -% Iberia FY 2020 FY 2021 1. FY2020 restated 2. Free market, it includes energy losses 91

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