2021-2023 Sustainability Plan and Financial Performance

Global Power Generation Performance driven by growth in renewables, efficiencies and short position EBITDA evolution (€mn)1 EGP Conventional Generation & Trading enel EBITDA by geography1 +12% 6,203 6,951 Positive contribution of new RES capacity 5% 27% 33% 2,230 1,585 Benefits from short position and gas portfolio management FY 2020 7.0 €bn 11% 24% 4,721 4,618 FY 2019 FY 2020 Gross Margin/ MWh 39.9 43.2 1. Includes Nuke and Trading; FY 2019 restated. Ongoing efficiencies in conventional generation FY '19: 260 €mn PPA early termination and JV unwinding FY '20: 170 €mn provision reversal Italy Latin America Iberia RoW North America 110

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