Free Market Performance and Investment Plans

...and supported by the stewardship model that will create further value Total investments 2022-24 ~10 €bn enel Enel's equity commitment by GBL Cumulated EBITDA 2022-24 Capital gains 27% ~2 2022-24 ~2 €bn 56% 2022-24 0.6 0.6 1.2 €bn 17% ■enel Third parties Contracts Fees Equity IRR (%) -20% 51

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