Enel Green PowerFirst Italian Arab Business Forum

A. Panizzo, Head of Business Development of Europe and Middle East Area

October 12, 2017

1. As of 2016

2. Consolidated (35.9 GW) and managed (1.9 GW) capacity including 24.9 GW of large hydro.

3. Presence with operating assets

#1 in Italy, Spain, Chile, Peru

#2 in Argentina, Colombia

40 €bn Regulated Asset Base

62 mn distribution end users

#1 in Italy and Spain

18.3 mn free retail customers

Global leadership in

renewables

38 GW renewable capacity2

Highly flexible and

efficient generation fleet

47 GW thermal capacity

Countries of presence3

Enel today1

Global and diversified operator

INFRASTRUCTURES AND NETWORKS GLOBAL RENEWABLE ENERGIES

THERMAL GENERATIONRETAIL

Enel key data 2016

Key indicators1

Leadership along the various segments of the value chain

Infrastructure & Networks62 mn end users

41.2 mn smart meters

1.9 mn km grids

Retail56.4 mn power customers

5.5 mn gas customers

Renewables generation35.9 GW of installed capacity2

Thermal generation46.8 GW of installed capacity

1. Data as of December 31st 2016; 2. It doesn’t include 1.9 GW of managed capacity

FY 2016

Revenues 70.6 €bn

Ordinary EBITDA 15.2 €bn

Net ordinary income 3.2 €bn

Net debt 37.6 €bn

Financial results

Enel Green PowerPresence and Capacity

* Perimeter capacity and growth capex not including USA projects managed through BSO model (Build Sell and Operate).

L’energia del Futuro, il Sole 24 Ore, 18/9/2017

Enel Green Power

28/01/17 Presentation footer 10PT grey. Please add the relevant country to the footer. 5

Presence and Capacity

North and Central

America

2.8 GW

Europe and

North Africa

21.2 GW

Latin

America

11.2 GW

Africa and

Asia

0.7 GW

* Perimeter capacity and growth capex not including USA projects managed through BSO model (Build Sell and Operate).

Solar: 1.2 GW Biomass: 0.1 GW Wind: 6.5 GW Geo: 0.7 GW Hydro: 27.4 GW

Capacity (GW)

Production (TWh)

35,9

85

Key figures* 2016

Enel Green PowerRecent achievements

Countries of presence Advanced development

Mexico

In 2016 1 GW PV awarded in a

tender + 200 MW Wind

Peru

326 MW awarded in 3

technologies

Brazil

Nova Olinda: biggest

EGP PV Plant under

construction (292 MW) Chile

La Silla: Innovative Solar

PV project

Morocco

EGP Consortium

awarded 850 MW Wind

tender

India

In 2015 BLP acquisition

Germany

Acquisition of a geothermal

project and started drilling

exploration activities

Zambia

In 2016 Awarded

34 MW of PV

USA

Cimarron Bend: biggest EGP Wind

Plant under construction (400 MW)

Acquisition of DEN

Indonesia

Awarded the right for exploration

and development of 55 MW

Potential growth

Australia

Acquisition of Bungala Solar One

140 MW PV

Russia

291 MW (2 projects) wind

awarded in June 2017

Spain

540 MW wind awarded in May

2017, and 339 MW solar pv

awarded in July 2017

Le Rinnovabili nel mondo2000-2018*

516 19 21 20

3436

52 79

7687

107117

129 136147

160166

187

0

20

40

60

80

100

120

140

160

180

200

2000 2004 2008 2012 2016

Ins

tall

ed

Ca

pa

cit

y (

MW

)

Mig

liaia

Year

World Installed Capacity by Area

Middle East & N Africa

Africa

APAC

North America

South & Central America

Europe

• The greatest RE developments in recent years have been in APAC.

• Quick European growth from 2007 due to FIT.

• Progressively growing market as far as install capacity per year for Central & South America, Middle East and Africa.

• Africa and Middle East still account for a small component of renewable energy

* source: Bloomberg

516 19 21 20

34 36

52

7976 87

107117

129136

147160

166

187

0

20

40

60

80

100

120

140

160

180

200

2000 2004 2008 2012 2016

Inst

alle

d C

apac

ity

(MW

) Migliaia

Year

World Installed Capacity by Technology

Marine

Geothermal

Biomass & Waste

Solar

Hydro

Wind

World Breakdown by Technology2000-2018*

• Technology development as a whole has seen substantial growth in 2004/05 – (decreased cost, increased revenues)

• Wind, Solar and Hydro technologies have taken up the greatest component of market share.

• Biomass & waste conversion have been constantly deployed and remain an alternative energy source in developing countries.

* source: Bloomberg

World employeesOverall numbers*

* source: IRENA

Nel 2040 solare ed eolico produrranno il 34% della elettricità mondiale, ed avranno il 48% della capacità instalata totale

(Bloomberg, New Energy Outlook Giugno 2017. Tale passaggio può creare nel mondo ulteriori 24,3 milioni di posti di

lavoro

REN cost of energyLCOE

* source: IHS.COM

REN cost of energyEvolution of wind

* source: Bloomberg

12

PV: 65-68

Chile

Wind: 20-30 PV: 50-65

USA

Wind: 49

PV: 81

Brazil

PV: 68

India

Wind: 51

PV: 65

South Africa

Wind: 41-50

Egypt

PV: 24-29

UAE

Wind: 29

Morocco

Wind: 38PV: 48

Hydro: 44

Peru

Source: IEA, BNEF Prices refer to $/MWh

Wind: 43-67 PV: 35-69

Mexico

LAST TENDERS RESULTS $/MWh

6 7 912

1821 21

36

48

55

65

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Number of countries that have adopted

Renewable Energy Auctions

RES Market: A Fast-Evolving IndustryIncreasing Competitiveness & Last Auctions Overview

Wind: 66 €/MWh*

Italy

12/10/2017

PV: 65-68

Chile

Wind: 20-30 PV: 50-65

USA

Wind: 49

PV: 81

Brazil

PV: 68

India

Wind: 51

PV: 65

South Africa

Wind: 41-50

Egypt

PV: 24-29

UAE

Wind: 29

Morocco

Wind: 38PV: 48

Hydro: 44

Peru

Source: IEA, BNEF Prices refer to $/MWh

Wind: 43-67 PV: 35-69

Mexico

LAST TENDERS RESULTS $/MWh

6 7 912

1821 21

36

48

55

65

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Number of countries that have adopted

Renewable Energy Auctions

RES Market: A Fast-Evolving IndustryIncreasing Competitiveness & Last Auctions Overview

Wind: 66 €/MWh*

Italy

12/10/2017

PV: 17,9

KSA

15

3.45 GW from Renewables by 2020 (4% of total generation capacity)

9.5 GW from Renewables by 2023 (10% of total generation capacity)

400 400

300

6201730 1800

2100 2100

0

500

1000

1500

2000

2500

2018 2019 2020 2021 2022 2023

3450 MW by 2020

Wind PV Unknown Technology

ROUND 3ROUND 4

ROUND 5ROUND 6

10 projects

4 projects

2 projects

National Renewable Energy Program

Saudi Arabia

Renewable Energy Project Development Office

«REPDO» was created by Ministry of Energy, Industry

and Mineral Resources to execute the kingdom’s

renewable energy plan.

ROUND 1

ROUND 2

16

Rafha PV 20 MWDumat aljandal

Wind 400 MW

Quarrayat PV 100 MW

Madina PV 80 MW

Sudair PV 300 MW

South Jeddah PV

200 MW

Rabigh PV 200 MW

Midyan Wind 100 MW

Tabuk PV 200 MW

Mahad aldahab PV 20 MW

Wadi Adwasir PV 50 MW

Arras PV 300 MW

Kharj PV 200 MW

Saad PV 150MW

Souibah PV 200 MW

Yanbu Wind 400MW

AlGhat Wind 400 MW

Tubarjal PV 100 MW

Waad alshammal Wind 400 MW

Tabuk CSP 150 MW

Najran PV 50 MW

Uwayqilah PV 10 MW

Farasan PV 5 MW Sharorh PV 50 MW

Madina CSP 150MW

Layla PV 100 MW

SakakaPV 300 MW

Sites selected by REPDO for the National Renewable Energy Program

Saudi Arabia

No Project Name TechnologyCapacity

(MW)

1 Dumat Aljandal Wind 1 Wind 400

2 Midyan Wind 2 Wind 100

3 Yanbu Wind 1 Wind 400

4 Al Ghat Wind 1 Wind 400

5 Waad Alshamal Wind 1 Wind 400

Total Wind 1700

1 Sakaka PV 1 PV 300

2 Rafha PV 1 PV 20

3 Qurrayat PV 1 PV 100

4 Madinah PV 1 PV 80

5 Sudair PV 1 PV 300

6 South Jeddah PV 1 PV 200

7 Rabigh PV 1 PV 200

8 Tabuk Solar PV 1 PV 200

9 Mahad Al Dahab PV 1 PV 20

10 Wadi Ad Dawasir PV 1 PV 50

11 Ar Rass PV 1 PV 300

12 Kharj PV 1 PV 200

13 Saad PV 1 PV 150

14 Shouiba PV 1 PV 200

15 Tabarjal PV 1 PV 100

16 Najran PV 1 PV 50

17 Al uwayqilah PV PV 10

18 Farasan PV 1 PV 5

19 Sharorah PV 1 PV 50

20 Layla PV PV 100

Total PV 2635

1 Tabuk CSP 1 CSP 150

2 Madinah CSP 1 CSP 150

Total CSP 300

TOTAL RES 4635

Mydian 2 Wind 100MW

17

Grazie per l’attenzione!