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Investor Presentaiton

Our vision in numbers decarbonisation Renewable capex tailored to maximise economic value of decarbonisation enel Capex EBITDA/Capex IRR-WACC spread GROWTH CLUSTERS GW (€bn) (%) (bps) Fleet decarbonisation in Italy, Spain and 5.4 5.6 12-13% >200 Chile Development through PPA mainly in Brazil 5.1 4.7 12-13% -200 and US Other developments in countries of presence / new markets 1.1 1.2 14-15% ~150 Development in new markets through JVs1 1. Capex associated to JVs excluded from the total capex 2.5 TOTAL 2020-22 14.1 11.5 43

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