Investor Presentaiton

Our vision in numbers 1. decarbonisation Higher share of organic capex increases EBITDA evolution 10.6 1.6 BSO 9.0 Old plan 2019-21 0.9 Net of BSO Asset development capex evolution (€bn) (1.6) BSO +8% +28% Capex/MW (Єmn/MW) 2.5 11.5 Cumulated EBITDA growth (€bn) 1.8 (0.1) +33% enel 0.7 2.4 Organic New plan 2020-22 Old plan 2019-211 BSO fee Organic New plan 2020-22 0.9 12% EBITDA/Capex ~13% 110 EBITDA/MW (k€/MW) 115 45

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