Enel's Energy Infrastructure Growth and Resilience

1 2 3 234 Enel's Integrated business model absorbed the shocks of 2022 Ordinary EBITDA by business Ordinary EBITDA evolution (€bn) T + 8.3 FY 2022 9.9 19.71 €bn 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 57

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