STRATEGY PRESENTATION 2021-2024

RESILIENT CASH GENERATION AND FLEXIBILITY CFFO❘ € Bln 15 10 5 0 2021 2022 2024 Eni Scenario ■@50$/bbl STRATEGY PRESENTATION 2021-2024 AVG CAPEX 2021-2024 ~ € 7 BLN 4YP FCF @Eni Scenario € 17 BLN 4YP FCF @$50/bbl € 12 BLN 2024 CASH NEUTRALITY @ FLOOR DIVIDEND < $40/BBL CFFO and FCF @ Replacement Cost before Working Capital Adj. Eni Scenario 2021: Brent $50/bl, PSV €147/kcm & €/$ 1.19 26

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