Enel's Energy Infrastructure Growth and Resilience

Integrated business: focus on Italy 1.2 Ordinary EBITDA evolution (€bn) -17% 0.6 0.1 (0.9) 1.0 Q1 2022 Power Free¹ Power Regulated² Gas³ Trading & Other Q1 2023 Q1 2022 0.1 0.2 0.2 0.7 Q1 2023 0.7 0.2 0.3 (0.2) 1. Retail Free market, not regulated renewables, thermal generation and Enel X services 2. Regulated generation and retail 3. Gas retail and wholesale enel Higher sales and fully hedged sourcing costs drive-up power free performance Power regulated flat yoy on stable contribution from regulated plants Negative performance of trading due to normalization of external context 91

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