Investor Presentaiton

Portfolio repositioning in terms of technology following coal power plant disposal Net power production by technology (TWh) Equipment availability -49% 9.3 10.7 Power sales (TWh) -48% 2.2 enel 4.5 4.8 5.6 1.5 1.7 1.1 8.5 3.2 3.1 4.4 Q1 2019 Q1 2020 Q1 2019 Q1 2020 ■ Oil&Gas CCGT Coal Free market Regulated market 89% 91% Utilization on net electric capacity 48% 42% 8

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