Free Market Performance and Investment Plans

Customers EBITDA: +36% enel EBITDA evolution over 2021E-2024 (€bn) 1.3 €bn +36% Financial KPIs 2021 2024 Δ 0.2 0.7 EBITDA/Cust. commodity (€/cl) 45 60 +33% (0.1) 4.9 0.5 FY 2021 Opex/Cust. commodity (€/cl)1 20.9 18.8 -10% Cust. Revenues 3.4 3.6 75 75 (€/MWh) Stewardship Cumulated ~400 €m n EBITDA 2022-24 2021E Commodity Services Efficiency FX & Other 2024 1. Commodity. In real terms. 20 67

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