Terna S p A : FY 2020 - Presentation of Terna Group Consolidated Financial Statement

FY2020 Consolidated Results

March 24th 2021

Agenda

Highlights 3

FY20 Results 8

Annexes 18

Highlights

Highlights

Demand Evolution - FY2020

20.0

18

YoY Chg%Jan -3.5%Feb 1.0%Mar -10.0%

Apr

May

Jun

JJuull

AAuugg

SSeepp

OOctct

NNovov

DeDcec

-17.5%

-11.9%

-13.4%

-6.6%

-0.3%

0.0%

-0.8%

-1.5%

1.1%

FY 2020 data:

• ▪ National Demand at 303 TWh, o/w ~38% covered by RES

• ▪ Net Total Production at 273 TWh

Electricity demand recovering despite the challenging scenario

• ▪ ~42% of the Net Total Production was covered by RES

• ▪ 2020 Non-RES production decreased by 7% compared to 2019

• ▪ PV production increased by ~10%

Note: 2019 final figures, 2020 preliminary figures