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Investor Presentaiton

Decarbonisation CLEAN ENERGY Enel Green Power Robust sustained growth +2% EBITDA evolution (Єmn) Higher prices more than offset enel EBITDA FY 2019 by geography 2% lower volumes 27% 4,634 48% 4,543 Impact from large Q4 investments not yet visible FY 2019 4.6 €bn 7% 16% FY 2018 FY 2019 EBITDA/ Capex¹ (%) 11% 1. 11% Positive contribution from PPA early termination for around 80 €mn Calculated on the basis of EBITDA at regime of renewable plants with COD 2018 and 2019 Italy Iberia North America Latin America RoW 89

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