Investor Presentaiton

Our vision in numbers 9 Enabling Infrastructure Infrastructure & networks set to improve cash generation 2019-22 EBITDA evolution (€bn) +9% FY 2019 8.2 0.4 (0.1) 0.3 0.1 8.9 8.2 enel FFO-CAPEX² (€bn) +5% 7.7 7.3 2019E Argentina Connections Tariffs, Efficiency Volumes FX1 2022 2019-21 2020-22 & Quality Capex (€bn) 11.1 11.8 48 1. Excluding Argentina 2. Including not unbundled activities in Latin America

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