Investor Presentaiton

Our vision in numbers Organic capex up by 11% to pursue strategic vision Organic capex by GBL1: 2019-21 vs 2020-22 (€bn) 25.9 +2.8 enel €bn Decarbonisation 14.4 28.7 2.3 Electrification 1.2 2.4 11.8 11.1 Enabling Infrastructure 11.8 12.5 10.0 2.5 1.9 2020-22 2019-21 ■Conventional generation EGP Networks Retail & Enel X 1. 2019-21 net of capex associated with BSO. Total organic capex 2020-22 include 200€mn related to other. Ecosystems & Platforms 1.1 X 38

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