Enel Capex and Financial Guidance

The last three years have highlighted the importance enel of good energy markets design 2020 2021 2022 COVID -19 Russia - Ukraine conflict M Prices extreme volatility > +250% YTD gas prices in EU Dependence m 70% EU energy covered of supply by imported fossil fuels Climate EU coal consumption +7% change Mt yoy increase Governments EU GDP to ST interventions 4% ST intervention against tariffs surge 3

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