Enel's Energy Infrastructure Growth and Resilience

Net Income above guidance, driven by growth in EBITDA and lower financial expenses Net Ordinary Income evolution (€bn) enel -3% (0.9) 1.4 (0.6) 0.2 0.2 (0.6) EBITDA 5.6 5.4 FY 2021 Owner. Steward.' D&A Financial Taxes Minorities FY 2022 charges² 1. It includes delta capital gain for (0.95) €bn and recurring contribution from stewardship for 0.1 €bn 2. It includes income on equity Amortization increase due to higher capex deployed and FX, bad debt in line with historical level Cost of debt at 3.3%, -20 bps yoy supports reduction of financial charges Different geographical mix on earnings drives minorities evolution 76

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