COMPANY PROFILE 2020 INFORMATION AS OF 31/12/2019 | 1 ABOUT US • Edison is the oldest energy company in Europe • It is active in the generation and sale of electricity, in the supply, distribution and sale of gas as well as in providing energy and environmental services to end users. • It oversees integrated activities throughout the electricity and mid-stream gas value chains and aims to be a leading player in the country’s energy transition. It has the target of generating 40% of the production mix from renewable sources by 2030, and is working on the construction of two latest-generation combined cycles able to complement renewable production. • It is committed to the diversification of gas procurement sources and routes for the safety and competitiveness of the national system and to promoting alterative responsible uses of gas for the benefit of the decarbonization of the transport sector. • Since 2012, it has been controlled by the EDF (Electricité de France) Group(1), European leader in the electricity sector and a key actor supporting the transition towards a low-carbon energy future. • The brand platform “Building a sustainable energy future together” underpins Edison's goal of being an efficient and responsible power Company with a sustainable development model. 2019 data (1) EDF owns 97.4% of Edison’s share capital (99.5% of the voting rights) Company Profile 2020 | 2 MILESTONES Edison was Italy's first electricity company and is also one of the oldest energy providers in the world: 1883 The first facility in continental Europe for the commercialisation of electricity is built at the Santa Radegonda theatre in Milan. 1884 6 January: the “Società Generale Italiana di Elettricità Sistema Edison“ is founded. 1931 Edison supplies gas to households in Milan. 1962 Following the nationalisation of the electricity sector, Edison begins to produce its own electricity. 1966 Montecatini and Edison finalise merger. Montedison becomes a major operator in the chemicals industry. 1979 SELM (Servizi Elettrici Montedison) is founded. 1999 With the introduction of the Bersani Decree, Edison moves into free energy market. 2002 Montedison, Edison, Sondel and Fiat Energia merge to create the “new” Edison. 2005 Control of Edison transferred to Transalpina di Energia, a joint venture between Electricité de France and Delmi, a group of Italian investors led by A2A. 2008 Edison enters the residential electricity market and launches gas supply offer for Italian families. 2012 Edison’s ownership structure changes again and the company is now controlled by EDF (99,48%) 2015 Creation of the new renewables “hub” E2i Energie Speciali. 2016 On November 7, Edison launches new brand to build up business strategy 2017-18 Focus on added-value service offering and strengthening of the position in the retail market through the acquisition of Gas Natural Italia and Zephyro 2019 Edison becomes the second player in wind generation in Italy and strengthens its positioning in the PV sector thanks to the Acquisition of EDF EN Italia. It starts constructing two latest generation CCGT plants with high efficiency and low environmental impact in Porto Marghera (brownfield) and Presenzano (greenfield) 2020 Edison is granted by EIB the first Green Framework Loan in Italy. 300 mln euros for the development of a portfolio of renewable and energy efficiency projects Company Profile 2020 | 3 PRESENZA OPERATIVA Sedi e uffici Edison Centri stoccaggio gas Officine Edison Deposito GNL in costruzione Siti operativi di servizi ambientali Deposito GNL autorizzato Siti produttivi gestiti (tramite Fenice e Edison Energy Solutions) Elettrodotto Centrali termoelettriche Gasdotto in costruzione Centrali idroelettriche Gasdotto in progetto OPERATIONAL PRESENCE Campi eolici (tramite e2i) 30.000 mc - 1 in costruzione Impianti fotovoltaici 174.000 mc - 1 in costruzione 46 2 64 oltre 20 3 40 1 14 1 93 1 Poland The Netherlands 4 Belgium Switzerland 3 Italy Bulgaria IGB Spain 6 POSEIDON 2 GALSI Greece EASTMED Company Profile 2020 | 4 SUSTAINABILITY POLICY TARGETS Sustainability and Sustainability of company Close to customers Fight climate change biodiversity preservation processes and markets DIGITAL: at least 30 digital SMART BUILDING: at least 30 At least 3 initiatives to protect RENEWABLES: 40% of production transformation projects by 2021. smart building initiatives through habitats and enhance biodiversity, by 2030. the innovative BIM system by 2021. co-designed with local CO : specific emissions of the 2 CUSTOMERS: customer stakeholders, by the end of 2023. electric generation plants at 0.26 satisfaction high over time* and kg/kWh by 2030, participating establishment of a network of 400 in the Italian coal phasing out plan. regional contact points by 2021 to promote customer relationship. Dialogue with stakeholders People and skills and shared designs as a platform to grow SDGs: at least two meetings of the INCLUSION: at least 2,000 SDGs@Edison stakeholder panel employees participating in per year, of which at least one in inclusion projects by 2021. the areas of interest. COLLABORATION: 70% of employees using social collaboration tools, by 2021. DIVERSITY: balanced pipeline of candidacies for promotion to managerial categories. * NPS value > 6 Company Profile 2020 | 5 PRESENCE ALONG THE VALUE CHAIN UPSTREAM MIDSTREAM DOWNSTREAM POWER Power Generation Energy management Gas & Power Market • One of the leading generators in Italy • Plants dispatching, 14.9 TWh 7.5 bcm 2 power portfolio • 8% market share in generation in Italy power sold to gas sold to optimization final customers residential and Installed capacity in Italy1-2 Power generation in Italy2 industrial 41.8 TWh customers handled 6.7 GW 21.4 TWh 1.5 mln power, gas and energy services contracts 4 pipeline 3 storage 20.0 bcm projects facilities in Italy handled 40 industrial sites 20+ mln sm of electric and of area under management 12.4 bcm/a 3,636 km • LT gas supply thermal generation l/m pressure • Development (o/w 6.4bcm LNG) management, logistics, 3 distribution of gas import Gas supply contracts sales to wholesalers pipelines 80 district heating 20 operating sites infrastructure 21% of Italian gas and thermoelectric plants plants for environmental HYDROCARBONS projects imports services 2,100 Gas midstream, energy management and optimization public and private managed structures Energy & Environmental Services Market 2019 data (1) Edison also has a stake in 0.4GW CCGTs, two in Greece and one in Brazil, and in 0.1 GW hydroelectric plants in Switzerland; (2) Including power generation related to energy efficiency services offered to clients; Company Profile 2020 | 6 (3) Annual Contracted Quantities COMPETITIVE POSITIONING 21.4(1) TWh Edison accounts for 8% of overall production in Italy, third producer after Enel of electricity produced and ENI(2) 3 14.7 billion m Edison accounts for 21% of total imports in Italy, second importer after ENI(2) of gas imported 14.9 TWh Edison ranks second after the incumbent Enel in electricity sales in free market, of electricity sold to end users with a 6.5% market share(3) 3 7.5 billion m Edison ranks second after the incumbent Eni in gas sales to the end-users market, of gas sold to residential with a 13% market share(3) and industrial clients 1.5 million National operator with a strong positioning on the free market, leveraging on its well of contracts for the sale of power, known brand and high quality services gas and energy services 2019 data (1) Including electricity generation of Energy & Environmental Services (2) Source ARERA report 2020 (based on 2019 data), volume 1 page 89 and 216 respectively Company Profile 2020 | 7 (3) Source ARERA report 2020 (based on 2019 data), volume 1 page 149 and 260 respectively KEY ECONOMIC AND FINANCIAL DATA (millions of Euros) 2019 (b-c) 2018 (a-b) Sales revenues 8,168 8,728 EBITDA 587 426 Profit (loss) from Continuing Operations 98 93 Group net income (loss) (479) 54 Net cash flow during period 65 (300) Net investments and net financial investments(a-d) 866 694 31/12/2019 (b-c) 31/12/2018 (b) Net invested capital 6,029 6,557 Net financial debt 516 416 Debt/Equity ratio 0.09 0.07 Debt/EBITDA ratio 0.9 1.0 Rating(e): Baa3 positive outlook from Moody’s and BBB- stable outlook from S&P a) In order to allow homogeneous comparison, 2018 economic values have been restated pursuant to IFRS5 to exclude the contribution of E&P activities classified among Discontinued Operations. b) 2018 figures include the acquisition of GNVI in March, Attiva in May and Zephyro in July; 2019 figures include mainly the acquisition of EDF EN Italia consolidated since July 1st, 2019 and EDF EN Services Italia since end of December 19. c) The new accounting standard IFRS 16 "Leases" has been applied from January 1, 2019 prospectively without restatement of comparative data. The first application of IFRS16 impacted for €165mln. d) Including additions/reductions to non–current financial assets as well as price paid on business combinations, and net of proceeds from the sale of intangibles and property, plant and equipment. The amount includes the acquisition of Gas Natural Vendita Italia, Zephyro and Attiva, as well as of the Shah Deniz long term gas import in 2018 and EDF EN Italia and EDF EN Services Italia in 2019 e) Rating as of 12.31.2019. Company Profile 2020 | 8 THE STRATEGIC PRIORITIES DOWNSTREAM DEVELOPMENT VISION @ 2030 • Develop the offer of high value added solutions for the retail market and of innovative energy services for businesses and consumers, Abroad/upstream CUSTOMERS as well as for public administration. & SERVICES • Develop the customer base through organic growth, development of new initiatives and acquisitions. E&P • Effective, top quality relationship with customers. LOW CARBON MIX Regulated • 40% of energy generated from renewable sources, with a focus on assets GENERATION wind power, photovoltaic and hydroelectric.