Long-term Climate Strategy and Financial Performance

Stewardship model complements our development strategy enel Stewardship Total investments model 2022 2025 1.5 €bn 2023-25 EBITDA Third parties RES Capacity1 (GW) 6.3 12.1 2x 1.2 €bn Electric buses 1.8 9.8 5.4x (k) 2023-25 ~15 €bn Net equity contribution @2025 Credit cards 1.9 4.2 2.2x (mn) 1.1 Gigafactory 200 3,000 15x 1.3 yearly prod. (MW) 1. enel Equity injections Capex 2025 includes BESS for 2.2 GW 2023-25 Smart meters sold (mn) 27 2.5-3.0 €bn Enel's stake equity value in 2025 ~20% Equity IRR 38

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