Enel's Energy Infrastructure Growth and Resilience
Long-term variable remuneration1
150% of the base amount is assigned in Enel shares²
Macro objective
Performance
Profitability
Objective
TSR5
Weight³
Target
(130%)4
45%
Enel's TSR
= 100% of
Index's TSR
enel
Over I
(150%)
Enel's TSR
= 110% of
Index's TSR
Over II
(280%)4
Enel's TSR
≥ 115% of
Index's TSR
Type of target
Market
Cumulative ROIC -
WACC6
30%
= 14.4%
= 14.7%
≥15%
Economic
Climate Change
GHG Scope 1 and 3
emissions reduction
15%
= 135 gCO2eq/kWheq
Scope 1 ≤130
gCO2eq/kWheq³
7
8
= 132 gCO2eq/kWheq
Scope 1 ≤ 130
gCO2eq/kWheq
7
≤130 gCO2eq/kWheq
8
Scope 1130
gCO2eq/kWheq
ESG
8
Gender Gap
% of women in top mgmt
succession plans⁹
10%
= 45%
= 47%
≥ 50%
ESG
2.
1. Long-Term Incentive (LTI) Plan 2023. Performance period: January 1, 2023 - December 31, 2025.
30% payment (if any) in the 4th year. 70% payment (if any) in the 5th year (deferred payment)
The number of Enel shares to be assigned is determined on the basis of the arithmetical mean of Enel's daily
VWAP in the three-months period preceding the beginning of the performance period
3.
(%) Weight in the variable remuneration
4.
100% at Target and 180% at Over II for the other beneficiaries of the LTI Plan 2023
5.
1Average TSR Enel compared to average TSR EUROSTOXX Utilities Index-EMU, calculated in the 3-year
period 2023-2025
For the CEO/General Manager; 100% for the CEO-1 managers; 65% for the other beneficiaries of the LTI Plan
2023. c.300 managers in total
6.
For the 3-year period 2023-2025
7.
GHG Scope 1 and 3 emissions (integrated power) per kWh equivalent produced by the Group in 2025
8.
GHG Scope 1 emissions (power generation) per kWh equivalent produced by the Group in 2025 (gateway
objective)
9.
At the end of 2025
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