Press release
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enel PRESS RELEASE Global News Media T +39 06 8305 5699 ufficiostampa@enel.com enel.com Investor Relations T +39 06 8305 7975 investor.relations@enel.com enel.com ENEL , THE ROAD TO 2030 IN THE 2022-2024 STRATEGIC PLAN : POWERING INVESTMENTS TOWARDS ZERO EMISSIONS WITH FOCUS ON THE ELECTRIFICATION OF CUSTOMER ENERGY DEMAND • The Enel Group Plan focuses on four strategic lines : ( i ) の の allocating capital to support a decarbonized electricity supply ; • • • • • • • ( ii ) enabling electrification of customer energy demand ; ( iii ) ( iv ) leveraging full value chain's value creation ; bringing forward Sustainable Net Zero . The Group expects to mobilize total investments of 210 billion euros between 2021 and 2030 , of which 170 billion euros directly invested by the Enel Group ( + 6 % on the previous Plan ) and 40 billion euros catalyzed through third parties . Between 2020 and 2030 , Group Ordinary EBITDA is expected to increase at a 5 % -6 % Compounded Annual Growth Rate ( " CAGR " ) while Group Net Ordinary Income is expected to increase at a 6 % -7 % CAGR . The Group brings forward its Net Zero commitment by 10 years , from 2050 to 2040 , both for direct and indirect emissions . The value created by the Group for customers is expected to bring an up to 40 % reduction in their energy spending , alongside an up to 80 % reduction of their CO2 footprint¹ by 2030 . In 2024 , Group Ordinary EBITDA is expected to reach 21.0-21.6 billion euros , compared to 18.7-19.3 billion euros estimated in 2021. Group Net Ordinary Income is expected to increase to 6.7-6.9 billion euros in 2024 , compared to 5.4-5.6 billion euros estimated in 2021 . Enel's dividend policy for the period remains simple , predictable and attractive . Shareholders are expected to receive a fixed Dividend Per Share ( " DPS " ) that is planned to increase by 13 % , up to 0.43 euros / share , between 2021 and 2024 . The planned growth in earnings , coupled with the underlying Dividend Yield2 , is expected to translate into a 2022-2024 Total Return of around 13 % . 1 Reduction in energy spending and CO2 footprint calculated versus 2020 based on Enel's portfolio of clients in Italy and Spain . 2 Calculated on the basis of an Enel share price of 7 euros . Enel SpA - Registered Office : 00198 Rome - Italy - Viale Regina Margherita 137 - Companies Register of Rome and Tax I.D. 00811720580 - R.E.A. 756032 - VAT Code 15844561009 - Stock Capital Euro 10,166,679,946 fully paid - in . 1