Sustainable Value Creation and Industrial Growth

Capital allocation Beyond plan period, run rate capex grows from enel 6.7€bn to 8€bn Capex run-rate (€bn) +19% 6.7 8 Run rate old plan Run rate new plan Drivers of run rate by business line Development of 3.5/4 GW per year Resiliency, digitalization and service quality Infrastructure investments to cope with customers' needs Increased flexibility and restructuring in thermal generation fleet Retail 40 42- 43% ~8 €bn 45% 45% *5% 7% 33

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