Sustainable Value Creation and Industrial Growth

Our pillars Industrial Growth Asset development supports our growth ambitions enel Total gross capex by business and by nature¹ 2019-21 9% 70.5% 27.5 €bn 6.2 40% 42% ■ Networks ■ Renewables Thermal ■ Enel X ■ Retail 1. Includes 1.6 €bn BSO capex 4.8 Asset development by business¹ 2019-21 64% 27.5 €bn 28% 16.5 €bn 16.5 4% 4% ■ Asset development ■ Networks Generation ■ Customers ■ Asset management ■ Thermal generation ■Renewables ■ Enel X 19

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