Investor Presentaiton

Effects of change in company's perimeter coupled with weak electricity demand Net power production by technology (TWh) enel Equipment availability 27.2 -52% 31.2 Power sales (TWh) -51% 6.4 13.3 13.1 15.3 4.2 3.7 3.1 24.8 9.6 12.2 9.5 9M 2019 9M 2020 9M 2019 9M 2020 ■ Oil&Gas CCGT ■ Coal Free market ■Regulated market 83% 84% Utilization on net electric capacity 47% 38%

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