Sustainable Value Creation and Industrial Growth

Our pillars Industrial Growth Renewables are the driving force of growth Higher investments to build 11.6 GW additional capacity Focus on markets with integrated presence & on developed countries Value creation through decarbonization & integration with retail portfolio enel 13 Asset development capex¹ 2019-21 Additional capacity by geography 9% 4% 6% 15% 3% 4% 14% 16% 10.6 €bn ~11.6 GW2 37% 33% 30% 29% Maximization of portfolio returns Italy South America North & C. America Iberia Rest of Europe Africa, Asia & Oceania 1. Includes 1.6 €bn BSO capex 2. Of which 1.8 GW related to BSO and 0.8GW related to JVs. By technology 70% 28% 20 20

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