Investor Presentaiton

Uniquely positioned to capture growth opportunities in the Iberian market Potential growth drivers Increase in demand/ prices Endesa's position Largest electricity supplier and distributor ■ ~60% of generation from hydro and nuclear Endesa Key Strengths 5 EM EV endesa endesa Increase in thermal gap Opportunities in Portugal New products, services and innovation Renewables Further options Competitive thermal power generation portfolio in Iberia ■ Second largest player in electricity sales ■ Growing position in gas supply ■ Proven track record in cross-selling ■ Distributed generation leveraged on customer base ■ Foster demand electrification and pioneer in new technologies ■ Potential to capture additional growth opportunities in the renewable space alongside Enel Green Power España Organic investment focus exclusively on Iberia, differentiating Endesa from its peers ■ Review of selected non-organic growth avenues 22 22

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