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Investor Presentaiton

Sustainability Value Delivery on strategic pillars ✓ Industrial Growth EBITDA (€bn) enel Operational Efficiency Cost Savings (€bn) Active Portfolio Management Impact on Group Net Income (€bn) 17.9 17.0 1.4 0.3 1.1 0.2 2019 (Plan 2015-19) 2019 Plan 2015-19 Actual 2015-19 2019 (Plan 2015-19) 2019 RES capacity (GW) 41 461 Opex I&N (€/end user) 51.7 42.5 Asset Rotation³ ~5% -10% End users 65 (mn) 59 73 Opex Thermal² (k€/MW) 60.3 38.4 1. Including managed capacity for 3.7 GW 2. Plan 2015-19 pro forma, does not include large hydro 3. Asset rotated in the period on invested capital 13
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