Sustainable Value Creation and Industrial Growth

Our pillars Industrial Growth Networks' investments tailored to maximize asset base value enel BTW.MATE ONCE Restructuring of Eletropaulo Completion of Goias turnaround Resiliency and flexibility in Italy and Spain Digitalization to promote efficiencies and improve service quality Gross capex 2019-21 by nature & by geography 29% 11.1 €bn 42% 3% 29% 36% 11.1 €bn 44% 2021 RAB ~45 €bn: ~30% South America, ~70% Europe ■ Asset development ■Customers ■ Asset Management Italy 17% ■ Iberia ■ South America Rest of Europe 21 21

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