Sustainable Value Creation and Industrial Growth

Business line highlights Networks: profitability supported by asset turnaround and efficiencies enel Gross Capex 2019-21 29% 11.1 €bn 29% 42% ■ Asset development 2018-21 EBITDA evolution (€bn) 7.6 +17% 0.4 (0.3) 0.5 0.2 0.5 8.9 ■ Customers ■ Asset Management 2018 Eletropaulo Connections Tariff & volumes Efficiency FX 2021 39

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