2021-2023 Sustainability Plan and Financial Performance

1. 2. 2021-2023 targets will maintain a low risk profile Decreasing risk perception 1.14 Enel Beta 2015-20201 Business model highly visible and stabilized enel Cumulated EBITDA 2021-23 REN development secured Renewables Production secured -25% 80% 0.85 O Additional Capacity 2021-23 (GW) 58% 19.5 60 €bn Gap to target (GW) 6.3 ~400 TWh 2021-23 20% 16% 26% As of November 20th 2020. Volume sold forward in year n-1 Contracted & regulated activities Covered by PPA Merchant 2021-23 pipeline Residual target -4x Forward sales Hedge w/retail portfolio² 82

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