Sustainable Value Creation and Industrial Growth

Risk management Currency risk: low exposure to volatile currencies enel FX sensitivity1 - Avg. yearly impact 2019-21 (€mn) 2019-21 EBITDA by geography 2019-21 EBITDA by currency EBITDA Group NI BRL (180) 225 (30) 35 63% 63% ARS (35) 40 (6) 8 55.3 €bn 55.3 €bn CLP (6) 6 . COP (100) 125 (12) 15 26% 32% 5% 11% PEN (20) 25 25 (2) ~3 ■ EUR Europe ■ North America ■ USD TOTAL (340) 420 (50) ■ South America 60 60 ■ South America % on yearly value (1.8%) 2.3% (<1.0%) 1.1% 1. Sensitivity based on +/-10% USD/LOC (EUR/USD @Plan). Rounded figures 52 52

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