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Investor Presentaiton

De-risking our long term targets 2020-22 EBITDA centered on sustainable businesses enel and benefitting from improved risk profile Cumulated EBITDA evolution (€bn) (0.9) (0.5) 0.4 56 EBITDA Argentina 2019-21 Coal 0.8 2.2 58 Efficiencies Contracted Free market EBITDA generation & services & secured volumes Cumulated EBITDA 2020-22 80% 58 €bn 20% Contracted & regulated activities 2020-22 Merchant 58
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