Sustainable Value Creation and Industrial Growth

Simplification 1. Portfolio management and simplification Portfolio rotation Corporate streamlining Deals executed ELETROPAULO ACQUISITION 1H 2018 enel enel Recent transactions EGP Brazil Sale of 540MW1 renewable assets Enterprise value 700 €mn Company highlights and geographical fit 7.2 m Clients 43TWh Energy Sold 1.5k/km² Density EBITDA evolution 2017-2021 Sme -50 100 -100-150 -150-200 295 São Paulo Bra enci 6.1 MWh Avg. Consumption 9.8% Losses EBITDA 2017 Enciendes RAB grown EV/RAB Multiples Volume EnelX EBITDA growth & retail 21216 Accounted as held for sale CHILEAN RESTRUCTURING 1Q 2018 2.2 2.2 2.3 2.1 Etro Eletropaul Equatorial Energaa BEE 2010 BEE enel EGP North America Acquisition of 650 MW from US JV Equity value of 256 US$mn Previous structure 0 80.6% enci enel Chie Final structure enei Chile 100.0% 6003 09.1% 10003 935% 98.1% · enei enel enei enei enei ene Generación Distribución Chile Generación Distribución Chile Merger of Enel Chile with EGP Chile Cash and stock PTO by Enel Chile on EGC Total PTO acceptance: c.a. 84% 1.7 US$ bn cash out for the whole transaction² Stake in EC increased by 1.3 p.p. Enel economic interest³ up to 58.3% from 48.9% Integrated management of renewable and thermal generation Enel Americas Shares swap on 5% of Enel Americas capital 67

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