Investor Presentaiton

QNDUSTRINOMATION Enabling Infrastructure AND INFRASTRUCTURE Infrastructure and Networks EBITDA growth driven by Enel DX Sao Paulo and efficiencies EBITDA evolution (Єmn) enel EBITDA FY 2019 by geography 7,411 +11% 8,228 FY 2018 FY 2019 Opex/End 43.9 users (€/cust) 42.5 Enel DX Sao Paulo consolidation and outstanding performance Efficiencies for 160 €mn Constructive regulatory changes in Brazil and Argentina 1% 25% FY 2019 8.2 €bn 47% 27% Italy Iberia Latin America RoW 91

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