Investor Presentaiton

Long term Short term Action plan for supply Trends ■ Increased sophistication of customer base: ■ New entrants: ESCOS (1) Regulatory push for energy efficiency and distributed generation Technology improvement and digitalization (1) Energy Services Companies. Eendesa GEDEON energyolting Energía solar Una fuente inagetable de ahoru 1 Action plan Liberalised business: Supply EM endesa Reinforce leading position in electricity and grow in gas 2 Continuous focus on cost efficiencies N Further development of new 3 products and services. Create value from future 4 growth opportunities Significant opportunities in supply business 58

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