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Investor Presentaiton

Our positioning A sustainable and fully integrated business model delivering value for shareholders EBITDA by business 18% 9% 26% 2019 17.9 €bn 46% 1. From Jan 1st 2015 to Dec 31st 2019 2. Socially Responsible Investors as of December 2019 1% X Total shareholder return 2015-20191 136% 46% enel SRI² 10.8% FTSE MIB enel 57% Euro Stoxx Utilities 4

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