Sustainable Value Creation and Industrial Growth

Our plan Solid improvement in profitability, returns, and credit enel metrics Profitability +400bps Return on invested capital FFO/Net debt +410 bps +140bps 29% 29% 27% 25% 9.3% 8.8% 10.0% 10.2% 31.1% 27.0% 27.4% 28.6% 8.2% 25.0% 19% 7% 6.3% 6.3% 6.2% 6.2% 2015 2018 2019 2020 2021 2015 2018 2019 2020 2021 2015 2018 2019 2020 2021 " Net income/EBITDA ■ ROIC - WACC 29 29

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