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Investor Presentaiton

Our vision decarbonisation Global Power Generation: a new global business line to accelerate decarbonisation 20191 # sites Consolidated Capacity1 (GW) enel ~1,300 # people ~16,000 EBITDA 85 81 48 42 39 37 2015 2019 ~ 5.8 €bn 89 87 54 Accelerate and facilitate the decarbonisation path Consolidated Production¹ (TWh) 244 203 155 143 103 99 33 2022 223 80 2015 2019 2022 Total Thermal generation Renewables 1. Excluding nuclear and managed capacity. Nuclear EBITDA in 2019E c.500 €mn. Extract synergies and maximize return on investments Enhance transition technologies Optimize workforce skillset 18

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