Investor Presentaiton

Sustainability=Value We have focused our capital allocation on renewables... in Generation capex: 2015 vs 2019 34% 4.6 €bn 17% 5.1 €bn 66% 2015 2019 ~70% % Development Capex -80% 1. Excluding nuke (39.8 TWh in 2015 and 26.3 TWh in 2019) enel Renewable and Thermal Production (TWh) -17% 244 -36% 203 89 -49% 99 83% 1551 1031 2015 2019 ~40% % RES Capacity /Total -50% % RES Production/ Renewables Thermal generation 8 Total

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