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Investor Presentaiton

Sustainability=Value A pervasive innovation and digitalisation process drives change in our organization 2017-19 Total investment¹ ~4.5 €bn 2017-19 Cumulated benefit² 1. Digitalization capex 2. EBITDA level < 2015 Pre-Digital strategy Platformisation process 2019 Full migration to cloud enel > 2020 Platform operating model · ~1.5 €bn Fragmented IT platforms No economies of scale 100% applications in Cloud Closing of 100% of data centers New business models Platformisation of existing businesses 12

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