Enel

Quarterly Report • Oct 31, 2019

Informazione Regolamentata n. 0116-107-2019		Data/Ora Ricezione 31 Ottobre 2019 12:40:24	MTA
Societa'	:	ENEL
Identificativo Informazione Regolamentata	:	124112
Nome utilizzatore	:	ENELN07 - Cozzolino
Tipologia	:	REGEM
Data/Ora Ricezione	:	31 Ottobre 2019 12:40:24
Data/Ora Inizio Diffusione presunta	:	31 Ottobre 2019 12:40:25
Oggetto	:	months Group operating data Report	Enel publishes 2019 third quarter and nine
Testo del comunicato

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Media Relations Investor Relations

T +39 06 8305 5699 T +39 06 8305 7975 ufficiostampa@enel.com investor.relations@enel.com

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ENEL PUBLISHES 2019 THIRD QUARTER AND NINE MONTHS GROUP OPERATING DATA REPORT

Rome, October 31st , 2019 – Enel S.p.A. ("Enel") published its Quarterly Bulletin ("Report"), with the Group's operating data relating to the third quarter and nine months of 2019.

The Report, which is published ahead of the approval by the Enel Board of Directors and the disclosure of the performance and financial data contained in Enel's periodic financial reports, is aimed at further strengthening Enel's transparency towards the financial community, in line with best practices in the most advanced markets.

The Report attached to this press release is available to the public at Enel's registered office, on the Enel website (www.enel.com), and - together with this press release - through the authorised storage mechanism "eMarket Storage" ().

1

Quarterly Bulletin 9M 2019

Investor Relations Team investor.relations@enel.com +39 06 8305 7975

www.enel.com/investors Website

Index

1. Group Summary
2. Group Net Installed Capacity
3. Group Net Production
4. Group Infrastructure & Networks
5. Retail
6. Main Financial & Market performance
7. Disclaimer

1. Group Summary

Net Production - breakdown by country

Group Infrastructure & Networks

Free power market

2. Group Net Installed Capacity¹

9M 2019 9M 2018 capacity MW % Weight MW % Weight ∆ yoy MW Group Hydro 27,891 32.4% 27,835 32.8% 0.2% 47 Wind 8,815 10.2% 7,438 8.8% 18.5% 715 Solar & Others 2,246 2.6% 2,296 2.7% -2.2% 367 Geothermal 876 1.0% 804 0.9% 9.1% 73 Total Renewables 39,829 46.2% 38,372 45.2% 3.8% 1,202 Nuclear 3,318 3.8% 3,318 3.9% 0.0% - Coal 15,823 18.4% 15,965 18.8% -0.9% - CCGT 14,991 17.4% 15,028 17.7% -0.2% - Oil & Gas 12,248 14.2% 12,248 14.4% 0.0% - Total Conventional Generation 46,381 53.8% 46,560 54.8% -0.4% - 86,210 100% 84,932 100% 1.5% Total Enel Group 1,202 MW % Weight MW % Weight ∆ yoy MW Italy Hydro 12,426 45.0% 12,402 44.9% 0.2% 15.0 Wind 772 2.8% 772 2.8% 0.0% - Solar & Others 30 0.1% 80 0.3% -62.2% - Geothermal 764 2.8% 762 2.8% 0.2% 1.3 Total Renewables 13,992 50.7% 14,017 50.7% -0.2% 16.3 Coal 6,340 23.0% 6,340 22.9% 0.0% - CCGT 4,535 16.4% 4,535 16.4% 0.0% - Oil & Gas 2,739 9.9% 2,739 9.9% 0.0% - Total Conventional Generation 13,613 49.3% 13,613 49.3% 0.0% - Total 27,606 100% 27,630 100% -0.1% 16.3 MW % Weight MW % Weight ∆ yoy MW Iberia Hydro 4,789 20.9% 4,761 20.9% 0.6% 28 Wind 1,750 7.7% 1,750 7.7% 0.0% - Solar & Others 99 0.4% 14 0.1% 609.9% 85 Total Renewables 6,638 29.0% 6,525 28.6% 1.7% 113 Nuclear 3,318 14.5% 3,318 14.5% 0.0% - Coal 5,052 22.1% 5,168 22.6% -2.2% - CCGT 5,480 24.0% 5,445 23.8% 0.6% - Oil & Gas 2,377 10.4% 2,377 10.4% 0.0% - Total Conventional Generation 16,227 71.0% 16,307 71.4% -0.5% - Total 22,865 100% 22,832 100% 0.1% 113 MW % Weight MW % Weight ∆ yoy MW Latin America Hydro 10,579 50.3% 10,575 49.0% 0.0% 4 Wind 1,556 7.4% 1,666 7.7% -6.6% 29 Solar & Others 1,186 5.6% 1,553 7.2% -23.6% - Geothermal 41 0.2% 41 0.2% 0.0% - Total Renewables 13,363 63.6% 13,836 64.1% -3.4% 33 Coal 808 3.8% 835 3.9% -3.1% - CCGT 4,168 19.8% 4,240 19.6% -1.7% - Oil & Gas 2,686 12.8% 2,686 12.4% 0.0% - Total Conventional Generation 7,662 36.4% 7,761 35.9% -1.3% - Total 21,025 100.0% 21,596 100% -2.6% 33 MW % Weight MW % Weight ∆ yoy MW Rest of Europe Hydro 19 0.2% 19 0.2% 0.0% - Wind 876 8.9% 741 7.6% 18.3% 136 Solar & Others 123 1.2% 123 1.3% 0.0% - Total Renewables 1,019 10.3% 883 9.0% 15.4% 136 Coal 3,623 36.6% 3,623 37.1% 0.0% - CCGT 809 8.2% 809 8.3% 0.0% - Oil & Gas 4,447 44.9% 4,447 45.6% 0.0% - Total Conventional Generation 8,878 89.7% 8,878 91.0% 0.0% - Total 9,897 100% 9,761 100% 1.4% 136 MW % Weight MW % Weight ∆ yoy MW North America Hydro 77 1.9% 78 3.2% -1.2% - Wind 3,490 85.4% 2,137 88.4% 63.3% 550 Solar & Others 450 11.0% 202 8.4% 123.0% 248 Geothermal 72 1.7% - 0.0% n.m. 72 Total 4,089 100% 100% 69.1% 870 2,417 MW % Weight MW % Weight ∆ yoy MW Africa, Asia & Oceania Wind 371 50.9% 371 53.4% 0.0% - Solar & Others 357 49.1% 323 46.6% 10.5% 34 Total 729 100% 695 100% 4.9% 34 1. Consolidated perimeter excluding managed capacity under JV in North America, Italy, Australia and Mexico equal to around 3.7 GW.				2019 Added
			∆ yoy

4

3. Group Net Production

	9M 2019			9M 2018	∆ yoy	Q3 2019
Group	GWh	% Weight	GWh	% Weight	∆ yoy	GWh
Hydro	45,568	26.1%	49,964	26.6%	-8.8%	16,301
Wind	18,932	10.9%	16,345	8.7%	15.8%	6,180
Solar & Others	2,921	1.7%	3,880	2.1%	-24.7%	912
Geothermal	4,598	2.6%	4,383	2.3%	4.9%	1,558
Total Renewables Nuclear	72,018	41.3%	74,572	39.7%	-3.4%	24,952
Coal	20,245 32,247	11.6% 18.5%	18,458 47,713	9.8% 25.4%	9.7% -32.4%	7,033 10,117
CCGT	34,310	19.7%	28,562	15.2%	20.1%	14,178
Oil & Gas	15,514	8.9%	18,458	9.8%	-16.0%	5,164
Total Conventional Generation	102,315	58.7%	113,192	60.3%	-9.6%	36,493
Total Enel Group	174,333	100%	187,764	100%	-7.2%	61,445
Italy	GWh	% Weight	GWh	% Weight	∆ yoy	GWh
Hydro	12,472	35.9%	14,452	35.7%	-13.7%	4,282
Wind Solar & Others	945 40	2.7% 0.1%	932 108	2.3% 0.3%	1.4% -62.7%	182 12
Geothermal	4,260	12.3%	4,233	10.5%	0.6%	1,448
Total Renewables	17,718	51.0%	19,725		48.7% -10.2%	5,924
Coal	9,370	27.0%	15,581	38.5%	-39.9%	2,875
CCGT	7,415	21.4%	4,817	11.9%	53.9%	3,068
Oil & Gas	215	0.6%	363	0.9%	-40.8%	77
Total Conventional Generation	17,000	49.0%	20,761		51.3% -18.1%	6,020
Total	34,717	100%	40,486		100% -14.2%	11,943
Iberia	GWh	% Weight	GWh	% Weight	∆ yoy	GWh
Hydro	3,947	8.5%	6,957	12.5%	-43.3%	1,116
Wind	2,831	6.1%	2,618	4.7%	8.2%	772
Solar & Others	44	0.1%	22	0.0%	105.5%	29
Total Renewables	6,822	14.7%	9,596		17.3% -28.9%	1,918
Nuclear	20,245	43.5%	18,458	33.2%	9.7%	7,033
Coal	6,354	13.6%	15,899	28.6%	-60.0%	1,367
CCGT	8,750	18.8%	6,513	11.7%	34.3%	4,385
Oil & Gas Total Conventional Generation	4,383 39,732	9.4% 85.3%	5,081 45,952	9.1%	-13.7% 82.7% -13.5%	1,493 14,279
Total	46,554	100%	55,548	100.0% -16.2%		16,197
Latin America1	GWh	% Weight	GWh	% Weight	∆ yoy	GWh
Hydro	28,955	53.4%	28,338	53.3%	2.2%	10,846
Wind	4,648	8.6%	4,559	8.6%	2.0%	1,831
Solar & Others	2,044	3.8%	2,170	4.1%	-5.8%	584
Geothermal	150	0.3%	150	0.3%	-0.4%	44
Total Renewables Coal	35,797	66.0%	35,216	66.2%	1.6%	13,305
CCGT	3,189 13,919	5.9% 25.7%	2,535 12,938	4.8% 24.3%	25.8% 7.6%	973 5,315
Oil & Gas	1,309	2.4%	2,502	4.7%	-47.7%	351
Total Conventional Generation	18,418	34.0%	17,975	33.8%	2.5%	6,638
Total	54,215	100.0%	53,192	100.0%	1.9%	19,944
Rest of Europe2 Hydro	GWh 31	% Weight 0.1%	GWh 27	% Weight 0.1%	∆ yoy 15.5%	GWh 0
Wind	1,239	4.3%	1,211	4.1%	2.4%	348
Solar & Others	133	0.5%	136	0.5%	-2.0%	52
Total Renewables	1,403	4.9%	1,373	4.6%	2.2%	400
Coal	13,333	46.7%	13,698	45.8%	-2.7%	4,902
CCGT	4,226	14.8%	4,295	14.4%	-1.6%	1,410
Oil & Gas	9,606	33.6%	10,511	35.2%	-8.6%	3,243
Total Conventional Generation	27,166	95.1%	28,504	95.4%	-4.7%	9,556
Total	28,569	100%	29,877	100%	-4.4%	9,956
North America3	GWh	% Weight	GWh	% Weight	∆ yoy	GWh
Hydro	163	1.8%	192	2.6%	-15.0%	57
Wind	8,526	93.7%	6,294	83.7%	35.5%	2,765
Solar & Others	220	2.4%	1,035	13.8%	-78.8%	91
Geothermal	188	2.1%	-	0%	n.m.	66
Total	9,096	100%	7,521		100% 20.9%	2,978
Africa, Asia & Oceania4	GWh	% Weight	GWh	% Weight	∆ yoy	GWh
Wind	742	62.8%	731	64.1%	1.6%	282
Solar & Others Total	439 1,181	37.2% 100%	409 1,141	35.9% 100%	7.2% 3.6%	145 427

1. Includes South America, Costa Rica, Guatemala and Panama.

2. Includes Romania, Russia, Greece and Bulgaria.

3. Includes Mexico, USA and Canada.

4. Includes South Africa, India and Zambia.

4. Group Infrastructure & Networks

Electricity distributed (TWh)	9M 2019	9M 2018	∆yoy	End users1 (mn)	9M 2019 9M 2018		∆yoy
Italy	169.4	170.5	-0.6%	Italy	31.5	31.5	0.0%
Iberia	95.1	95.1	0.0%	Iberia	12.2	12.2	0.4%
Latin America	102.1	83.4	22.5%	Latin America	26.5	26.4	0.6%
Argentina	12.8	13.6	-6.3%	Argentina	2.5	2.5	-2.4%
Brazil	60.0	41.0	46.5%	Brazil	17.2	17.1	0.3%
Chile	12.5	12.4	1.2%	Chile	2.0	1.9	3.1%
Colombia	10.7	10.4	2.2%	Colombia	3.5	3.4	2.6%
Peru	6.1	6.0	2.8%	Peru	1.4	1.4	1.0%
Rest of Europe	11.7	11.6	1.0%	Rest of Europe	2.9	2.9	1.4%
Total	378.3	360.5	4.9%	Total	73.2	72.9	0.3%

(mn) 9M 2019 9M 2018 ∆yoy Argentina 12.8 13.6 -6.3% Argentina 2.5 2.5 -2.4% Brazil 60.0 41.0 46.5% Brazil 17.2 17.1 0.3% Chile 12.5 12.4 1.2% Chile 2.0 1.9 3.1% Colombia 10.7 10.4 2.2% Colombia 3.5 3.4 2.6% Peru 6.1 6.0 2.8% Peru 1.4 1.4 1.0%

1.End Users represent the number of distribution delivery points at the end of the period.

5. Retail

Total energy sold (TWh)2	9M 2019	9M 2018	∆yoy	Total power customers4	(mn) 9M 2019 9M 2018		∆yoy
Italy	74.1	78.7	-5.8%	Italy	24.0	25.4	-5.4%
Regulated	27.2	30.3	-10.2%	Regulated	14.9	17.0	-12.3%
Free Market	46.9	48.4	-3.0%	Free Market	9.1	8.4	8.5%
Iberia	67.0	68.0	-1.5%	Iberia	10.7	10.8	-0.7%
Regulated	8.5	9.7	-12.2%	Regulated	4.9	5.1	-4.7%
Free Market	58.5	58.3	0.3%	Free Market	5.8	5.6	2.8%
Latin America	80.2	65.2	22.9%	Latin America	26.0	25.6	1.4%
Argentina	10.5	11.4	-7.6%	Argentina	2.5	2.5	-2.3%
Brazil3	48.1	32.2	49.4%	Brazil3	16.6	16.4	1.6%
Chile	9.5	9.7	-1.4%	Chile	2.0	1.9	3.1%
Colombia	6.8	6.9	-0.8%	Colombia	3.5	3.4	2.6%
Peru	5.2	5.1	2.0%	Peru	1.4	1.4	1.0%
Rest of Europe	7.3	7.8	-6.1%	Rest of Europe	3.1	3.0	4.1%
Total	228.7	219.7	4.1%	Total	63.8	64.8	-1.5%

Gas sold (bmc)	9M 2019	9M 2018	∆yoy		Gas customers (mn)	9M 2019 9M 2018		∆yoy
Italy	3.4	3.4	0.7%	Italy		4.1	4.1	-0.2%
Iberia	4.2	4.6	-9.3%	Iberia		1.6	1.6	2.6%
Romania	0.01	0.03	-69.3%	Romania		0.05	0.04	22.9%
Total	7.6	8.0	-5.3%	Total		5.8	5.8	0.8%

1. Net of energy losses.

2. Consider the full consolidation of Enel Dx Sao Paulo since June 2018.

Total energy sold (TWh)2	9M 2019	9M 2018	∆yoy	Total power customers4	(mn) 9M 2019 9M 2018		∆yoy
	74.1	78.7	-5.8%	Italy	24.0	25.4
Regulated	27.2	30.3	-10.2%	Regulated	14.9	17.0
Free Market	46.9	48.4	-3.0%	Free Market	9.1	8.4
Iberia	67.0	68.0	-1.5%	Iberia	10.7	10.8
Regulated	8.5	9.7	-12.2%	Regulated	4.9	5.1
Free Market	58.5	58.3	0.3%	Free Market	5.8	5.6
Latin America	80.2	65.2	22.9%	Latin America	26.0	25.6
Argentina	10.5	11.4	-7.6%	Argentina	2.5	2.5
Brazil3	48.1	32.2	49.4%	Brazil3	16.6	16.4
Chile	9.5	9.7	-1.4%	Chile	2.0	1.9
Colombia	6.8	6.9	-0.8%	Colombia	3.5	3.4
Peru	5.2	5.1	2.0%	Peru	1.4	1.4
Rest of Europe	7.3	7.8	-6.1%	Rest of Europe	3.1	3.0
Total	228.7	219.7	4.1%	Total	63.8	64.8	-1.5%

Gas sold (bmc)	9M 2019	9M 2018	∆yoy	Gas customers (mn)		9M 2019 9M 2018	∆yoy
	3.4	3.4	0.7%	Italy	4.1	4.1	-0.2%
	4.2	4.6	-9.3%	Iberia	1.6	1.6	2.6%
	0.01	0.03	-69.3%	Romania	0.05	0.04	22.9%
	7.6	8.0	-5.3%	Total	5.8	5.8	0.8%

1. Power Customers represent clients with active contracts with Enel.

6. Main Financials & Market performance

Dividends
€/share	FY 2018		FY 2017
	Amount	Ex-Date	Amount	Ex-Date
Ordinary (interim)		0.14 01/23/19	0.105	01/22/18
Ordinary (Final)1	0.14	07/22/19	0.132	07/23/18
Total DPS	0.28		0.237
Pay out	70%		65%

FY 2018		FY 2017
Amount	Ex-Date	Amount	Ex-Date
0.14	07/22/19	0.132	07/23/18
0.28		0.237
70%		65%

Enel Group's Ratings

	Rating	Outlook	Update
Moody's	Baa2	Positive	07/16/2019
S&P	BBB+	Stable	09/19/2018
Fitch	A-	Stable	02/11/2019

Stock performance (01/01/2019 - 14/10/2019)

Source: Bloomberg

7. Disclaimer

This document contains certain forward-looking statements that reflect the Company's management's current views with respect to future events and financial and operational performance of the Company and its subsidiaries. These forward-looking statements are based on Enel S.p.A.'s current expectations and projections about future events. Because these forward-looking statements are subject to risks and uncertainties, actual future results or performance may differ materially from those expressed in or implied by these statements due to any number of different factors, many of which are beyond the ability of Enel S.p.A. to control or estimate precisely, including changes in the regulatory environment, future market developments, fluctuations in the price and availability of fuel and other risks. You are cautioned not to place undue reliance on the forward-looking statements contained herein, which are made only as of the date of this presentation. Enel S.p.A. does not undertake any obligation to publicly release any updates or revisions to any forward-looking statements to reflect events or circumstances after the date of this presentation. The information contained in this presentation does not purport to be comprehensive and has not been independently verified by any independent third party.

This presentation does not constitute a recommendation regarding the securities of the Company. This presentation does not contain an offer to sell or a solicitation of any offer to buy any securities issued by Enel S.p.A. or any of its subsidiaries.

Pursuant to art. 154-bis, paragraph 2, of the Italian Unified Financial Act of February 24, 1998, the executive in charge of preparing the corporate accounting documents at Enel, Alberto De Paoli, declares that the accounting information contained herein correspond to document results, books and accounting records.