Ruggero Arico

Head of Institutional Affairs

for Europe, North Africa, Sub-Saharan Africa, Asia and Australia

Enel Green Power overview

Enel today1

1 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

Global and diversified operator

Enel Green Power

Leadership position supported by very strong track record

6.6 GW WIND

1.2 GW SOLAR

0.8 GW GEO

0.02 GW BIOMASS

27.4 GW HYDRO

Positioning and key figures

2

operating capacity

capacity under execution/construction

Capacity

36 GW

Production

92.4 TWh

Mature

Technologies

Innovative

Solutions

WIND ONSHORE

SOLAR PHOTOVOLTAIC

GEOTHERMAL ENERGY

HYDROELETRIC

BIOMASS

STORAGE

OFFGRID SYSTEMS HYDRID SOLUTIONS

SOLAR HOME SYSTEM

Enel Green Power Technologies

Cape Town

Lusaka

Johannesburg

Nairobi

Addis Ababa

Casablanca

Where we are

Country of presence

Country under development

Offices: ~ 160 employees

523 MW operation

solar PV and wind +

705 MW wind awarded

34 MW

Solar PV

COUNTRY OF PRESENCE

South Africa Namibia Kenya Zambia

COUNTRY UNDER DEVELOPMENT

Senegal

Ethiopia

Ivory Coast Ghana Tanzania Botswana Mozambique Uganda Rwanda

Sub-Saharan Africa

Madagascar

100 MW

Solar PV

5

Country of presence

Country under development

Offices: ~ 70 employees

Singapore

Bangalore

Gurgaon (New Delhi)

COUNTRY UNDER DEVELOPMENT

India

COUNTRY OF PRESENCE

Singapore Australia Indonesia

Vietnam Thailand

Sidney

Asia & Pacific Where we are

South Korea Myanmar

172 MW operation

Wind

55 MW

Geo

275 MW

Solar PV

Renewables Market RES Capacity Escalation

Note: 2016 and 2030 figures, EGP Analysis Source: REN 21, IRENA; BNEF; Enerdata; GlobalData; TSOs

6

2016 Key facts

Record year in terms of PV

additional capacity (~76GW)

Hydro cumulative capacity

represents ~59% of total global

RES capacity

Increasing n. of Countries with

RES installed capacity higher

>100MW

The evolution of renewable

energy over the past decade has

surpassed all expectations

Renewable Installed Capacity by Technology, 2007 – 2016 – 2030 (expected)

Wind and PV Auctions Awarding Bids Average awarding bids - $/MWh

7 Source: BNEF 2Q 2017 Global Auction and Tender Results (July 2017)

*Updated with BNEF Global Auction Monitoring Sep 2017

Germany '15 '16 '17 2Q

Wind On $62

PV $94 $79 $61

UK '15 '16 '17 2Q

Wind Off $165 $64

Spain '17 2Q

Wind On/PV $47

India '14 '15 '16 '17 2Q

Wind On $53

PV $104 $87 $71 $44

Argentina '16

Wind On $56

PV $57

Mexico '16

Wind On $46

PV $38

Perù '16

Wind On $38

PV $48

Chile '16

Wind On $42*

PV $29*

UAE '15 '16

PV $59 $30

Zambia '16

PV $67

Morocco '16

Wind On $30

PV $45

Brazil '14 '15

Wind On $46 $56

PV $72 $89

South Africa '15

Wind On $46

PV $58

Saudi Arabia ‘17

PV $18

Renewable Growth Drivers

8

Macro Drivers

Regulatory Framework

Cost of Technology

Cost of Technology

Resource Availability

Renewable Regulatory Evolution in Africa

9

S

Over 20 countries adopted dedicated regulation for RES Development

mainly through tenders and the recent IFC’s Scaling Solar program

Yesterday Today

S

S

S

RES Target and support

mechanisms

RES Target but NO support

mechanisms

Scaling Solar

Auctions

RES development thanks to

support mechanisms

Key successful factors for competitive tender

10

National renewable energy expansion program

1

Stringent technical and financial criteria

Bankability

3

Appropriate Local Content targets and rewards

4

5

Transparent and clear processes

2

Key enablers for further growth

11

Enabler Expected Impact

Nairobi, Kenya

Planning & Execution

Technology cost

Grid & Infrastructures

Distributed Generation

Improving time to market

More mature and efficient technologies

Follow up with the Megacities trend

Cheaper & Cleaner energy in rural areas

1878 2017

1.2 billion people in the planet

All of them had no access to electricity

7.4 billion people in the planet

Still 1.2 billion have no access to electricity

Low population density

Average income from 2 to 6 USD/day

Low energy demand

Economy based predominantly on

farming

There is not a

single solution to

achieve Universal

Access

Energy Access Solutions

Mini-Utilities and Rural Electrification

Sustainability embedded in the strategic plan

2017-2019 Sustainability Plan - ESG1 Pillars

Context

Engaging the local communities

Engaging the people we work with

Aiming at operating efficiency and innovation

Decarbonizing the energy mix

ESG pillars

Digitalization

Customer focus

Enel commitments to the Sustainable Development Goals

2. Target upgraded from the original 0.5 million people commitment that

was already achieved during 2016

400,000 people by 2020

3 million of people, mainly in Africa,

Asia and Latin America by 2020

1.5 million people by 20202

<350 gCO2eq / kWh by 2020

(-25% base year 2007)

14 1. Environment, Social and Corporate Governance

Quality

Education

Renewable

Energy

Good Jobs

and Economic

Growth

Climate

Action

Thank you for your attention