Free Market Performance and Investment Plans slide image

Free Market Performance and Investment Plans

1. Enel Green Power and Conventional generation Renewable performance up by 2% yoy despite lack of resources EBITDA evolution (€bn) -6% enel 0.37 6.9 0.37 2.2 4.7 + 6.5 • -24% (1.03) (0.15) 1.7 • c.0.8 €bn temporary headwinds FY 2020 Operating Delta Non Negative growth & recurring' dynamics Efficiencies 4.8 +2% FX FY 2021 • Operating growth Contribution from new capacity installed in US and Latin America Efficiencies mainly in Italy and Spain Temporary headwinds Negative dynamics Severe drought and gas shortage in Chile Lower prices, mainly in Italy and Spain, as a consequence of the pandemic Price adjustments on gas contracts Enel Green Power | Conventional Generation & Trading FY 2021: mainly 186 €mn CO2 regularization, 300 €mn Hydro canon in Spain; FY 2020: mainly c.170 €mn Provision reversal in Spain 89
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