Investor Presentaiton
Focus on Corporate Governance
Long-term variable remuneration1
Macro objective
Objective
Weight5
Performance
TSR2
50%
Target (130%)6
Enel's TSR from
100% to 110%
of TSR Index
enel
Over I (150%)
Enel's TSR from
110% to 115%
of TSR Index
Over II (280%)6
Enel's TSR >
115% of TSR
Index
Type of target
Market
Profitability
ROACE3
25%
39.4%
40.0%
40.6%
Financial
Environmental
Renewable capacity
on total4
15%
59.7%
59.9%
60.0%
ESG
Environmental
CO2 emissions
reduction
10%
≤ 220
gCO2/KWheq7
≤ 215
gCO2/KWheq7
≤210
gCO2/KWheq7
ESG
100% of the base amount is assigned in Enel shares, whose number is determined on the basis of the arithmetical
mean of Enel's daily VWAP in the three-month period preceding the beginning of the performance period
Long-Term Incentive (LTI) Plan 2020. Performance period: January 1, 2020 - December 31, 2022. 30% payment (if any) in the 4th year. 70% payment (if any) in the 5th year (deferred payment)
Average TSR Enel compared to average TSR EUROSTOXX Utilities Index-EMU, calculated in the three-month period preceding the beginning and the end of the performance period
Cumulative for the 3-year period 2020-2022
1.
2.
3.
5.
(%) Weight in the variable remuneration
7.
As at 2022
4. Renewable sources net consolidated installed capacity /Total net consolidated installed capacity at the end of 2022
6.
8.
For the CEO/General manager. 100% at target and 180% at Over II for the other beneficiaries of the LTI Plan 2020
50% for the other beneficiaries of the LTI Plan 2020
157View entire presentation