Global macroeconomic conditions in 2022 were characterized by a generalized slowdown in the real economy from the pace registered in the post-pandemic recovery that had marked 2021. High inflation quickly and unexpectedly impacted global economies, and forced the central banks to promptly adopt restrictive monetary policies. Furthermore, the military conflict between Russia and Ukraine, and the resulting uncertainty it has engendered on a global scale, has significantly impacted the energy, commodity and food markets, with direct repercussions on the prices of final consumer goods.
The inflationary dynamics, accompanied by the consequent restrictive financial conditions imposed by the Federal Reserve, weighed on the performance of US GDP, with output growing by 2.1% on an annual basis.
In the euro area, the first half of the year experienced a faster than expected recovery, while the second half was marked by a significant slowdown in the European economies due to the high uncertainty deriving from the military conflict between Russia and Ukraine, as well as the sudden increase in energy prices. The restrictive monetary policy measures introduced by the European Central Bank to counter the increase in inflation led to a deterioration in financial conditions on the markets.
The situation was similar in Latin America, where after a significant recovery in private demand for goods and services in the first half of the year, macroeconomic conditions were characterized by the restrictive monetary policies of the national central banks, which dampened the economic recovery.
The adverse macroeconomic situation impacted the performance of the financial markets. The main European stock indices closed 2022 with losses: the Italian FTSE-MIB index -13.3%, the Spanish Ibex35 index -5.6%, the German DAX -12.4% and the French CAC40 index -9.8%.
The euro-area utilities sector (EURO STOXX Utilities) closed the year with a decline of 11.3%.
Finally, as regards the Enel stock, 2022 ended with a price of €5.03 per share, a decline of 28.6% on the previous year.
On January 26, 2022 Enel paid an interim dividend of €0.19 per share from 2021 profits and on July 20, 2022 it paid the balance of the dividend for that year in the amount of €0.19. Total dividends distributed in 2022 amounted to €0.38 per share, about 6% higher than the €0.358 per share distributed in 2021. On January 25, 2023 an interim dividend of €0.20 per share was paid in respect of ordinary profit for 2022, while the balance of the dividend is scheduled for payment on July 26, 2023.
At December 31, 2022, institutional investors had reduced their position in Enel to 56.7% of share capital (compared with 59.4% at December 31, 2021), while the share of individual investors rose to 19.7% (as against 17.0% at December 31, 2021). The interest of the Ministry for the Economy and Finance was unchanged at 23.6%. Socially responsible investors (SRIs) held about 14.9% of share capital at December 31, 2022 (up from 14.6% at December 31, 2021) and represent 26.2% of institutional investors (24.6% at December 31, 2021). Investors who have signed the Principles for Responsible Investment represent 42.1% of share capital.
For further information we invite you to visit the Investor Relations section of our corporate website (https://www. enel.com/investors/overview) and download the “Enel Investor” app, which contains both economic and financial information (annual reports, semi-annual and quarterly reports, presentations to the financial community, analyst estimates and stock market trading trends involving the shares issued by Enel and its main listed subsidiaries, ratings and outlooks assigned by rating agencies) and up-todate data and documentation of interest to shareholders and bondholders in general (price sensitive press releases, outstanding bonds, bond issue programs, composition of Enel’s corporate bodies, bylaws and regulations of Shareholders’ Meetings, information and documentation relating to Shareholders’ Meetings, procedures and other documentation concerning corporate governance, the Code of Ethics and organizational and management arrangements.
We have also created contact centers for private investors (which can be reached by phone at +39-0683054000 or by e-mail at azionisti.retail@enel.com) and for institutional investors (phone: +39-0683051; e-mail: investor.relations@enel.com).