Sustainable Value Creation and Industrial Growth

Risk management Financial risk: limited re-financing needs; strong available liquidity Debt maturity by year 1 (€bn) 2019-21 Liquidity available¹ 1. As of December 2018 Maturities/Gross Debt 14.6 21.3 €bn 6.3% 8.1% 6.7% 6.7 11.3 4.3 3.4 3.6 2019 2020 2021 Total New plan Last 3 yrs Refinancing on average gross debt 8.2% 16.0% ■ Available committed credit lines - Cash Total liquidity / Maturities 143% enel 54

View entire presentation