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Investor Presentaiton

1. Ordinary EBITDA evolution 9% EBITDA growth net of FX devaluation EBITDA evolution (€bn)1 +6% enel Ordinary EBITDA by GBL¹ 20% 0.13 0.01 41% 0.09 0.08 (0.02) 4.74 4.45 4.7 €bn (+6% yoy) 15% 24% -0.14. Q1 2019 Global Power!! Retail I Generation Networks Enel X Services&Other Q1 2020 Networks Retail EGP ■Conventional generation L Decarbonisation Electrification Enablers & Platforms Excludes extraordinary items in Q1 2019 (+94 €mn Disposals of Mercure plant) and Q1 2020 (-33 €mn COVID-19) 107

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