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enel PRESS RELEASE Global News Media ● T +39 06 8305 5699 ufficiostampa@enel.com gnm@enel.com enel.com ● Investor Relations T +39 06 8305 7975 investor.relations@enel.com ENEL INCREASES INVESTMENTS BY 20.4 % IN THE FIRST NINE MONTHS OF 2021 TO ACCELERATE GROWTH , YEAR - END TARGETS CONFIRMED enel.com • Ordinary EBITDA at 12,631 million euros ( 13,146 million euros in the first nine months of 2020 , - 3.9 % ) Revenues at 57,914 million euros ( 49,465¹ million euros in the first nine months of 2020 , + 17.1 % ) the positive change is attributable to higher revenues from all business lines and , in particular , from Thermal Generation and Trading , Enel Green Power and End - User Markets , due to higher volumes of energy sold , from Infrastructure and Networks , due to higher volumes of energy transported , as well as from Enel X. These effects more than offset the negative exchange rate impact in Latin America the decrease is due to non - recurring items booked in the first nine months of 2020 , such as the change in the energy discount benefit in Spain , mainly in Infrastructure and Networks and in Thermal Generation and Trading , as well as the compensation associated with the resolutions of ARERA n . 50/2018 and n . 461/2020 in Italy . In addition , the first nine months of the year were affected by the adverse exchange rate effect in Latin America and several headwinds associated with business dynamics . These impacts were only partially offset by operating growth in the period , driven by investment in Enel Green Power and improved margin in End User Markets and in Enel X , as well as by the recognition of the indemnification related to the CO₂ emission rights assigned for free in Spain in Thermal Generation and Trading EBITDA at 11,278 million euros ( 12,705 million euros in the first nine months of 2020 , -11.2 % ) EBIT at 6,254 million euros ( 6,975 million euros in the first nine months of 2020 , -10.3 % ) the change mainly reflects the performance of operations , partially offset by lower depreciation , amortization and impairment recorded in the first nine months of 2021 , both on plants and on receivables Group net ordinary income at 3,289 million euros ( 3,593 million euros in the first nine months of 2020 , -8.5 % ) the decrease is due to the items commented under ordinary EBITDA as well as the effects resulting from the tax reforms in Argentina and Colombia , only partially offset by the results of companies accounted for using the equity method and by a reduction in non - controlling interests ¹ The figures for the first nine months of 2020 have been adjusted , for comparative purposes only , in order to take account of the effects of the different classification deriving from the fair value measurement of outstanding contracts at the end of the period for the sale of commodities with physical delivery . This different classification did not have any effects on the margins . 1 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 .