Enel shares

Enel and the financial markets

⁽¹⁾ The number of shares considered to calculate the index is 10,166,679,946 and includes 9,262,330 treasury shares in 2023 and 7,153,795 treasury shares in 2022.
⁽²⁾ Dividend approved by the Enel SpA Shareholders‘ Meeting of May 23, 2024 at single call.
⁽³⁾ Calculated on average share price in December.

The global macroeconomic environment in 2023 was characterized by a broad decline in the real economy. The restrictive monetary policy stances adopted by central banks to counter inflationary pressures, the deterioration in financial and credit conditions, and the decline in trade and investment at the global level caused a slowdown in global growth, with GDP estimated to have grown by around 3% on an annual basis (slightly down compared with 2022).

In this context, the main European stock indices – after a 2022 characterized by a general decline – closed 2023 on the rise: FTSE-MIB +28%, Ibex35 +22.8%, DAX +20.3% and CAC40 +16.5%.
The euro area utilities index (EURO STOXX Utilities) closed the year with a gain of +11.9%.
Finally, as regards the Enel stock, 2023 ended with a price of €6.73 per share, a sharp rise (+33.8%) on the previous year, outperforming both the Italian index and the European sectoral index.

On January 25, 2023 Enel paid an interim dividend of €0.20 per share from 2022 profits and on July 26, 2023 it paid the balance of the dividend for that year in the amount of €0.20. Total dividends distributed in 2023 amounted to €0.40 per share, more than 5% higher than the €0.38 per share distributed in 2022.
On January 24, 2024 an interim dividend of €0.215 per share was paid in respect of ordinary profit for 2023, while the balance of the dividend is scheduled for payment on July 24, 2024.
At December 31, 2023, institutional investors represented 58.6% of share capital (up from 56.7% at December 31, 2022), while the share of individual investors came to 17.8%(as against 19.7% at December 31, 2022). The interest of the Ministry for the Economy and Finance was unchanged at 23.6%.
Socially responsible investors (SRIs) expanded their interest to about 17.5% of share capital at December 31, 2023 (up from 14.9% at December 31, 2022) and represent 29.8% of institutional investors (26.2% at December 31, 2022). Investors who have signed the Principles for Responsible Investment represent 42.8% of share capital (42.1% at December 31, 2022).

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: +39-0683057975; e-mail: investor.relations@enel.com).

Performance of Enel share price and the euro stoxx utilities and FTSE-MIB indices from January 1, 2023 to December 31, 2023

RCP

Word: RCP
Definition: Representative Concentration Pathway (RCP) - è una traiettoria di concentrazione di gas serra (non di emissioni) adottata dall'IPCC. Quattro pathway sono stati utilizzati per la modellazione e la ricerca climatica nel Fifth Assessment Report (AR5) dell'IPCC nel 2014. I pathway descrivono diversi futuri climatici, tutti considerati possibili a seconda del volume di gas serra emesso negli anni a venire. Gli RCP – originariamente RCP2.6, RCP4.5, RCP6.0 e RCP8.5 – prendono il loro nome dal possibile intervallo di valori del forzante radiativo nell'anno 2100 (rispettivamente 2,6 W/m2; 4,5 W/m2; 6,0 W/m2; e 8,5 W/m2), il quale descrive l’incremento del contenuto di energia nel sistema, con conseguente aumento della temperatura. Con il Sixth Assessment Report (AR6), pubblicato tra il 2021 e il 2023, l’IPCC ha prodotto un set aggiornato di cinque scenari di proiezioni climatiche future, ottenuti associando gli RCP agli Shared Socio-economic Pathways (SSP). Questi scenari modellano la risposta del clima dal 2015 al 2100 sulla base di scenari futuri di emissione che dipendono anche da ipotesi socioeconomiche e livelli di mitigazione del clima. Questi cinque scenari sostituiscono i precedenti RCP utilizzati nell'AR5 e sono i seguenti: ● SSP1-1.9 e SSP2-2.6: scenari rispettivamente associati a bassissime e basse emissioni di gas serra in cui le emissioni di CO2 diminuiscono fino a raggiungere lo zero netto intorno o dopo il 2050. È probabile che la temperatura superficiale media globale aumenti di 1,0°C-1,8°C nello SSP1-1.9 e di 1,3°C-2,4°C nello SSP2-2.6 entro il 2100 rispetto ai livelli preindustriali (1850-1900); ● SSP2-4.5: scenario con una più lenta riduzione delle emissioni di gas serra, in cui le emissioni di anidride carbonica rimangono più o meno le stesse di oggi fino al 2050 circa. In questo scenario, l'aumento della temperatura superficiale globale è compreso in un intervallo che va da 2,1°C a 3,5°C; ● SSP3-7.0 e SSP5-8.5: scenari rispettivamente associati ad alte e altissime emissioni di gas serra. Nello SSP3-7.0 le emissioni di CO2 raddoppiano circa entro il 2100 rispetto ai livelli attuali e a livello globale la temperatura della superficie terrestre sarà molto probabilmente più alta di 2,8°C-4,6°C entro la fine del secolo rispetto al periodo preindustriale. Nello SSP5-8.5, invece, le emissioni di anidride carbonica raddoppiano circa entro il 2050 e l’aumento della temperatura sarà compreso in un intervallo che va da 3,3°C a 5,7°C.