Enel's Energy Infrastructure Growth and Resilience

1. Integrated business: focus on Italy Ordinary EBITDA evolution (€bn) -36% 4.2 (1.6) (0.5) (0.3) 0.9 2.7 enel Power Free affected by dynamics on sourcing costs Power Regulated decline driven by lower contribution from regulated plants FY 2021 Power Free¹1 Power Regulated² Gas³ Trading & Gen. services 4 FY 2022 FY 2021 1.6 1.1 0.8 0.7 Trading benefitting from portfolio optimization FY 2022 0.6 0.5 1.6 Retail Free market, not regulated renewables, thermal generation Enel X services 2. Regulated generation and retail 3. Gas retail and wholesale 4. Trading and generation services 72

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