Sustainable Value Creation and Industrial Growth

Business line highlights Renewables: accelerating growth enel Gross Capex 2019-21 2018-21 EBITDA evolution (€bn) +23% 0.9 0.1 FY2018 5.4 8% 4.5 11.6 €bn 92% 4.4 ■ Asset development 2018 ■ Asset management Asset development Asset management 2021 Asset management pre-tax cumulated cash generation for ~12€bn 37

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