Free Market Performance and Investment Plans

Net Income up by 8% yoy, despite the liability management program executed in 2021 Net Ordinary Income evolution (€bn) + enel 5.2 1.2 +8% 0.4 (0.3) (0.6) 5.6 (0.3) FY 2020 EBITDA D&A Financial Taxes Minorities FY 2021 charges¹ 1. It includes income on equity • • 20 bps reduction in cost of debt vs. 2020, thanks to the extensive liability management program Minorities reduction on the back of continued simplification efforts • . 0.7 €bn negative impact on financial expenses from liability management Around 0.4 €bn negative contribution from non- recurring on taxes 92 42

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