Sustainable Value Creation and Industrial Growth

Business line highlights Incremental asset development capex fully allocated enel to renewables Asset development capex evolution (€bn) Incremental renewable capacity by geography and technology 5% 8% ~ 4 10.6 60% 1.6 BSO 8.3 (~2) 18% -5 GW 41% 40% 3.4 BSO 24% ■ Brazil Italy ■ USA ■ Chile ■ Iberia ■ Other Old plan 2018-20 BSO Organic New plan 2019-21 EBITDA/CAPEX1 13% IRR spread over WACC ~200 bps 1. Calculated as asset develpoment Ebitda at regime/Capex (net of BSO) 36

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