#1ENGIE Energía Perú ENGIE ENGIE ENERGÍA PERÚ S.A. Investors Presentation 1H 2021 IBGC INDICE DE BUEN GOBIERNO CORPORATIVO#2AGENDA ENGIE Energia Perú ENGIE Energia Per ENGIE Energía Perú ENGIE 1 ENGIE GROUP ENGIE 4 EEP - FINANCIAL RESULTS Investor Presentation Investor Presentation ENGIE Energia Perú ENGIE Energia Per ENGIE ENGIC 2 ELECTRICITY SECTOR IN PERU ENGIC 5 APPENDIX 2 Investor Presentation Investor Presentation ENGIE Energia Peria ENGIC Investor Presentation EEP 3 - KEY FACTS Investor Presentation#3ENGIE Energía Perú ENGIE 1 ENGIE GROUP Investor Presentation#4ENGIE Investor Presentation THE ENGIE GROUP A global reference in low carbon energy and services FOCUSED ON FOUR GLOBAL BUSINESS UNITS IN JUST OVER 50 COUNTRIES* -170,000 EMPLOYEES WORLDWIDE ENERGY SOLUTIONS Developing low carbon distributed energy infrastructure €11bn revenue 2020: €21bn 24 GW Installed electricity, heating and cooling production capacity Focus on Growth: Growth through long-term infrastructure-like contracts 1H-REVENUE BREAKDOWN ** RENEWABLES Generating clean power €1.5bn revenue 2020: €3bn 31.1 GW Installed renewable capacity Focus on Growth: Growth with largely contracted earnings EBITDA 1H-2021 NETWORKS Delivering affordable energy for customers €3.7bn revenue 2020: €6.6bn 254,000 km Distribution network 40,600 km Transmission network Focus on Yield: Stability, visibility and strong free cash flow generation GROWTH CAPEX 1H-2021 THERMAL & SUPPLY Providing balanced, flexible power generation €10bn revenue 2020: €4bn 64 GW Installed production network Focus on Yield Thermal: Contracted / merchant optionality Supply: Capex light and cash generative GENERATION CAPACITY 18% 64% €5.4bn €1.8bn 4% €31.3 bn 2020:€9.3bn 2020:€4bn 8% 6% ■ Europe ■ North America Latin America Other ■ Asia & Africa ENGIE Energía Perú *The target is to be in less than 30 countries by 2023, **2020 Revenue: € 55.8.bn 4 101 GW Installed power generation capacity#5ENGIE Energía Perú ENGIE 2 ELECTRICITY SECTOR IN PERU Investor Presentation#6ENGIE INDUSTRY HIGHLIGHTS As of June 30, 2021 Gross Capacity Solar; Wind; Generation 2% 3% Thermal; 30% Solar; Wind; 2% 3% SISTEMA Thermal; 56% Regulated; 43% ELECTRICO INTERCONECTADO NACIONAL 13.3 GW Gross Capacity Hydro; 39% 26.6 TWh Generation Coal; Solar; 5% Hydro; 2% 10% Dual Fuel; 0% Coal; 0% Solar; 2% Gas; 39% ENGIE Dual ENERGIA Fuel; 2.5 44% PERÚ GW Gas; 67% 2.6 TWh *At transfer bus-bar Source: COES ENGIE Energía Perú Hydro; 65% Regulated; 52% Hydro; 31% 60 Demand* 24.7 TWh Free; 57% OTROS; 32% Demand* Free; 48% 4.2 TWh Investor Presentation Market Share ELECTROPERU; 7% INKIA ENERGY; 23% 13.3 GW ENEL; 18% ENGIE; 20% • ENGIE ENGIE Energía Perú 2nd largest private energy company in Perú in terms of capacity •6.6 - yr. average remaining PPA life#7ENGIE ENERGY GENERATION MARKET IN PERU (1/2) 2Q 2021 higher production than 2Q 2020 Investor Presentation Monthly Production (GWh) 5,500 5,000 4,500 June 2021 4,438GWh 18.1% more 2Q Accumulated Generation in each year (GWh) June 2021 26,625 GWh 1.1% more than Jun 2019 than Jun 2020 23,959 24,415 25,121 26,348 23,144 26,625 4,000 3,500 3,000 2,500 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 3,500 3,000 2,500 2,000 1,500 1,000 500 Monthly Production by Source (GWh) Jan-20 Mar-20 MW 7,500 6,500 5,500 4,500 Maximum Demand and Marginal Cost USD/MWh 18.5 14.5 10.5 6.5 65 Hydro Gas Maximum Demand ...O..Avg. MgC 3,500 2.5 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Source: COES / elaborated by ENGIE ENGIE Energía Perú 7#8-10% 0% -1% -6% Jan-21 40% 50% 42% 30% 20% 10% 16% 18% 15% illin Feb-21 Source: COES / elaborated by ENGIE ENGIE Energía Perú Mar-21 Total 4,500 4,000 6 Mar 20 13 Mar 20 20 Mar 20 27 Mar 2 20 03 Apr 20 6,500 6,000 5,500 5,000 10 Apr 20 17 Apr 20 24 Apr 20. 01 May 20 08 May 20 15 May 20 22 May 20 8 29 May 20 05 Jun 20 12 Jun 20 19 Jun 20 26 Jun 20 03 Jul 20 10 Jul 20 17 Jul 20 24 Jul 20 31 Jul 20 160 140 36% 120 100 Energy demand recovered in 1H compared to 2020 ENERGY GENERATION MARKET IN PERU (2/2) Energy demand growth compared to 2020 (MoM) GWh 180 Daily Energy Generation & Maximum Demand Daily Energy Generation(GWh) 7,000 07 Aug 20 14 Aug 20 21 Aug 20 28 Aug 20 04 Sep 20 11 Sep 20 18 Sep 20 25 Sep 20 02 Oct 20 09 Oct 20 16 Oct 20 23 Oct 20 30 Oct 20 06 Nov 20 13 Nov 20 20 Nov 20 27 Nov 20 04 Dec 20 09 1-Jan 80 8-Jan 15-Jan 22-Jan 29-Jan 5-Feb 2-Feb 19-Feb 26-Feb 4-Mar 11-Mar 18-Mar 25-Mar -Apr 11 Dec 20 18 Dec 20 25 Dec 20 8-Apr 13-May Evolution of weekly demand average (MW) Actual - Previus Year A equal/higher than -/+5% A% 01 Jan 21 08 Jan 21 15 Jan 21 22 Jan 21 29 Jan 21 05 Feb 21 12 Feb 21 19 Feb 21 | 26 Feb 21 05 Mar 21 12 Mar 21 19 Mar 21 26 Mar 21 2 Apr 21 9 Apr 21 16 Apr 21 23 Apr 21 30 Apr 21 7 May 21 14 May 21 21 May 21 28 May 21 4 Jun 21 11 Jun 21 18 Jun 21 25 Jun 21 23-Dec ENGIE MW 8,000 Daily Maximum Demand (MW) 7,000 6,000 5,000 4,000 3,000 2,000 3-Jan Jan Jan 3-Feb 10-Feb -Feb 24-Feb 16% 17% 19% 24-Mar 31-Mar 7-Apr 14-Apr 28-Apr -May 12-May 19-May 26-May 2-Jun 9-Jun 16-Jun 23-Jun 30-Jun Investor Presentation#9ENGIE Investor Presentation REGULATORY CHANGE (1/3) OSINERG MIN approved a regulation to determine the variable costs of gas* Supply Corresponds to the quotient between the amount paid for the energy. consumed and the volume consumed. The TOP is not considered Will be equal to the rate applicable to the firm transportation service as long I Transportation I as interruptible volume is not consumed. If it is consumed, the rate I increases since a factor of use of the system is applied. Distribution Will be equal to the rate applicable to the distribution service as long as the I I volume consumed is equal to the contracted capacity, otherwise the price is affected by a factor It will be effective from July 1, it will be equal to the I total costs (fixed + 1 variables) and in general it will match the sum of the unit price of supply, transportation and distribution *Resolution of the board of directors, Supervisory Agency for Investment in Energy and Mining OSINERGMIN N° 092-2021-OS/CD ENGIE Energía Perú 9#10ENGIE Investor Presentation REGULATORY CHANGE (2/3) Contract Reference Factor (FRC)* COES published the technical procedure PR-25, which reduces only the SoP of Transportation from 100% to a fraction of it called FRC FRC June 1, 2021 - April 30, 2025 Will be determined as the quotient between the volume of gas required according to the projected I dispatch of the COES and the I volume required at effective power of the unit. (COES maintains that it should be one for rainy season \ and another for low water levels) Technology FRC Plant M m3/day Open Cycle Combined Cycle 11.44% Chilca Dos 332.54 65.74% Chilca Uno 2,259.14 *Resolution of the board of directors, Supervisory Agency for Investment in Energy and Mining OSINERGMIN N° 096-2021-OS/CD ENGIE Energía Perú 10#11ENGIE REGULATORY CHANGE (3/3) Investor Presentation Secondary Natural Gas Market (MSGN)* A modification to the Secondary Gas Market Regulation (with electronic auctions) was published The maximum sale price of the transmission capacity is I the rate regulated by I OSINERGMIN The administrator of the MSGN is the 1 Natural Gas Manager, whose administrative cost is assumed by the bidders and claimants. The General Directive of Hydrocarbons temporarily assumes the functions until the appointment of the Natural Gas Manager. It will become effective when the MINEM approves the I operating procedures (deadline until September 1 28, 2021). Meanwhile, bilateral agreements can be used *Supreme Decree N° 012-2021-EM ENGIE Energía Perú 11#12ENGIE Energía Perú ENGIE 3 EEP - KEY FACTS Investor Presentation#13ENGIE Investor Presentation ENGIE ENERGÍA PERÚ 2020 IN FIGURES Ancash Pasco Lima Moquegua 24 years of operations in Peru 1,360 Operations 8 power plants 2,496 MW of installed capacity 6,472 GWh of generation of energy Commercial Management GWh renewable 111 energy production customers 848.66 MW Financial Results EBITDA: US$ 227.0 millions Net Income: US$ 87.9 millions as a total in new contracts and addenda Social Management 150,000 beneficiaries of support against COVID-19 46,000 beneficiaries with social actions 513 People 97% Our Team ege Of our workers have been trained Environmental Management 2-star level in the Peru Carbon Footprint platform of MINAM Approval of the Environmental Impact study of the Punta Lomitas Wind Farm and its interconnection to the SEIN Corporate building carbon neutralized for 2019 and 2020 ENGIE Energía Perú 13#14ENGIE Investor Presentation EEP OPERTATIONS (2,496MW) & Projects (260MW) THERMAL Chilca Complex • ChilcaUno - (2006 - 2012) 852MW - Natural Gas • ChilcaDos - (2016) 111MW - Natural Gas THERMAL Quitaracsa (2015) RENEWABLE Hydro 114MW Yuncán (2005) RENEWABLE Hydro 134MW llo Complex ⚫llo41 (2016, Nodo) 610MW - Dual Fuel ⚫llo31 (2013, Cold Reserve) 500MW - Dual Fuel ⚫llo21 (2000) 135MW - Coal Punta Lomitas RENEWABLE • Under construction - COD 1Q 2023-260MW Wind Farm ENGIE Energía Perú 14 ENGIE Intipampa (2018) RENEWABLE • Solar 40MW#15ENGIE Investor Presentation COVID-19: MEASURES AND BUSINESS CONTINUITY ✓ Occupational Health and Safety Protocols: ENGIE Energía Perú Use of protective equipment Cleaning and transportation in our facilities Donations to our local neighboring communities 223 m3 of medicinal oxygen, 50 saturation oximeters and +600kgs of food donated. PROGRAMA DE CAPACITACION GRATUITA BIOSEGURIDAD LABORAL ORIENTADA A LA PREVENCIÓN DEL COVID 19 Este curso ofrece un enfoque sencillo para la aplicación de procedimientos, protocolos y recomendaciones con el objetivo de controlar el riesgo de su propagación en los centros laborales Centro de ama rosion de SENATERE chdepo ENCIE Energia Perk 20 becas pwatches Maria Nets Chen Chen Education End of the 2nd edition of the course on Labor Biosafety Oriented to the Prevention of Covid-19, in partnership with SENATI. 20 scholarships were awarded to the citizens of Moquegua and Chen Chen. COVID controls for admission and work at facilities Confidential, voluntary and free psychological support. Mental Health Program "Gestionando La Segunda Ola", aimed at providing tools to manage emotions and take care of mental and integral health of employees. Oxygen Plant for Chilca-Mala-Pucusana Through the local Chamber of Commerce, ENGIE and other companies donated an oxygen plant, able to supply 24 oxygen tanks per day. 15#16ENGIE Investor Presentation MAINTAINING OUR ENGAGEMENT TO SUSTAINABILITY e #Equidad ENGIE forms a strategic alliance with City Bike Lima ENGIE signs commitment with the UN Women #Act With ENG E ENGIE maintains "AAA" local rating ENGIE closes financing deal for the future Punta Lomitas Plant With the aim of promoting the use of sustainable ways of transportation ENGIE Energía Peru joined forces with City Bike Lima, acting as a sponsor of its service which allows people to transport in a 100% sustainable way at affordable rates in the district of Miraflores. In addition, every bicycle station will have solar panels that will provide power to them. This the signature represents commitment of ENGIE Latin-America to follow and apply the Principles for the Empowerment of Women, this will help improve the efforts towards the respect of equal opportunity and the incentives for women to enter in the industry. Both Moody's Local and Apoyo & Asociados maintain ENGIE Energía Perú "AAA local" risk rating with a stable perspective, thanks to its level of capitalization, its diversified energy sources and the endorsement of its main shareholder, the global energy actor, ENGIE. ENGIE Energía Perú has closed a short-term financing deal of 150MUSD in order to finance part of the estimated investment for the construction of the Punta Lomitas wind power plant, which construction is expected to start on the second half of 2021. ENGIE Energía Perú 16#17ENGIE PROVEN TRACK RECORD IN DRIVING ORGANIC GROWTH נננס Investments for 1.6 BnUSD in 2010-2018 AVERAGE More than 3x capacity in 10 years GROWTH 240 MW AAA 10000 16% слага Chilca 1 +854MW 2,496 MW Investor Presentation ப llo 1 Nodo llo & Chilca Dos +723MW Intipampa -105MW +41MW llo 2 -135MW llo 31 +500MW Quitaracsa +112MW 2,621 MW Punta Lomitas +260MW under construction Yuncán +134MW 2004 2007 2010 2013 2016 2019 2020 2023 Total Capacity MW 240 734 934 1,726 2,561 2,496 2,456 2,621 EBITDA MUSD 80 84 163 270 330 268 235 Market Cap MUSD 645 1,600 2,005 1,611 1,426 1,164 ENGIE Energía Perú 17#18ENGIE SHAREHOLDER RETURN (1/2) DIVIDENDS PAID In MUSD 64 66 62 42 In MUSD MARKET CAP & DIVIDEND YIELD 2,005 2,075 1,759 Investor Presentation 6.1% 1,426 5.3% 4.6% 1,164 950 1,611 1,427 1,351 3.8% 1,042 3.6% 3.1% 54 63% 49 49 $9% 42 38 31 30 46 30 19 16 46 170% 1,602 1,187 46 24 25 30% 30% 1% 18.0% 22 $8% 22 0% $8% 81% 2.1% 1.5% 1.8% .9% 2.0% 11 13 16 20 13 12 15 20 20 20 24 31 24 33 18 20 20 15 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2010 2011 2012 2013 2014 2015 1st Half 2nd Half Payout Market Cap OWNERSHIP IPSA (ENGIE) 61.77% ENGIE Energía Perú AFP's (peruvian pension funds) 34.14% ENGIE Energía Perú S.A. – EEP 18 2016 2017 2018 2019 2020 1H 2021 Dividend Yield % Others 4.09%#19ENGIE SHAREHOLDER RETURN (2/2) September 1, 2020 9.0 EEP: S/6.65 8.5 8.0 7.5 7.0 6.5 6.0 5.5 SHARE PRICE EVOLUTION Investor Presentation FINANCIAL MARKET DATA Number of shares issued 601,307,011 August 31, 2021 EEP: S/ 5.45 Share price (PEN) - 31/08/2021 VWAP (3m) (PEN) 52 week - high - (PEN) 5.45 5.62 7.67 52 week - low - (PEN) 5.32 Market Cap (MUSD) 803 Enterprise Value (EV) (MUSD) 1,174 EV/EBITDA LTM (as of June 2021) 4.9x Price to Book Value (P/B) 0.7x Price/Earnings ratio (P/E) 8.9x Daily avg. trading volume (Msh) 0.03 5.0 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Indice S&P_BGC Indice S&P_BVL EEP Source: Bloomberg / elaborated by ENGIE ENGIE Energía Perú 19 -5% -12% EV: Market Cap + Net Debt P/B: Market Cap / Book Value of Equity RECOGNITIONS -18% ÍNDICE IBGC DE BUEN GOBIERNO CORPORATIVO MR ME MT Índice de Buen Gobierno Corporativo Ranking Merco RSE Ranking Merco Empresas Ranking Merco Talento#20EQUITY ANALYST VIEW PEN/Share 8.5 7.5 6.5 5.5 5 LO 6 8 ENGIE Investor Presentation KALLPA SECURITIES SOCIEDAD AGENTE DE BOLSA SEMINARIO Sociedad Agente de Bolsa Consensus LarrainVial 7 CREDICORPCapital BCP Capital | Correval | IM Trust ENGIC Price as of August 31 5.45 45.1% Upside 2021 August Sell Maintain Buy Credicorp Larraín Kallpa Inteligo Target Price 7.58 7.60 8.15 Reviewing Seminario 8.31 Consensus 7.91 Recommendation Maintain Maintain Maintain Reviewing Buy August August August Date 2021 2021 2021 August 2021 August 2021 ENGIE Energía Perú 20#21ENGIE Investor Presentation FUTURE PROJECTS OF RENEWABLE ENERGY (1/2) Punta Lomitas Wind farm Ica Max. Power: 260 MW CAPEX: Aprox. 300 MUSD • Mar 2021: Definitive Concession of Generation and Transmission • Aug 2021: Easement from government • 2H 2021: Construction begins • 2Q 2022: First energization (*) • 1Q 2023: Commercial Operation Date (COD) (*) The project also entails the installation of 50 wind turbines SG5.0-145 MKII; one 220kV GIS substation; one 220kV overhead line (double circuit) of 60km; one 220kV AIS substation (double bus bar). (*) Tentative ENGIE Energía Perú 21#22ENGIE Investor Presentation FUTURE PROJECTS OF RENEWABLE ENERGY (2/2) Hanaqpampa Solar Power Plant Moquegua Max. Power: 300 MW CAPEX: 225 MUSD* San José Solar Power Plant Moquegua Max. Power: 144 MW CAPEX: 110 MUSD* August 2019: Temporary Concession approved March 2021: Presentation of environmental instrument - DIA 3Q 2024: Commercial Operation Date (COD) (*) August 2019: Temporary Concession approved April 2021: Environmental instrument - DIA approved 1Q 2024: Commercial Operation Date (COD) (*) (*) Tentative, subject to obtaining permits and approvals ENGIE Energía Perú 22 (*) Tentative, subject to obtaining permits and approvals#23ENGIE Energía Perú ENGIE 4 EEP - FINANCIAL RESULTS Investor Presentation#24ENGIE Investor Presentation 1H 2021 EEP HIGHLIGHTS Improving results despite the still challenging environment The market Total energy generation (SEIN) increased 15.1% in 1H 2021 compared to 1H 2020. As of June, EEP maintained a leading position in the sector, accounting for 19.8% of the total capacity and 9.9% of the total energy generation of the system. ■ Number of free clients in 1H increased by 16.1% to a total of 101 free clients compared to 1H2020. ■ 215.55MW of new contracts and extensions of existing contracts signed as of June 2021, all of them with free clients, mainly Anglo American Quellaveco (150MW until November 2037) and Petroperu (53.1MW until 2023). On May 3, OSINERGMIN published the regulatory standard "Modification of the calculation of the variable costs of the generation units", replacing the declaration of gas prices by the sum of the costs of Supply, Transportation and Distribution of natural gas. $ Financial results ■1H 2021 EBITDA reached 128.0MUSD, a 3.4% increase compared to 1H 2020, mainly due to the recovery of clients' demand, whilst Net Result reached 53.4MUSD, a 5.6% increase compared to 1H 2020. ■ 2Q 2021 EBITDA reached 60.3MUSD, a 18.1% increase compared to 2Q 2020, mainly due to the recovery of clients demand, whilst Net Result reached 24.2MUSD, a 27.2% increase compared to 2Q 2020. Financial debt increased to 578MUSD, an increase of 19% versus December 2020 due to short term loan of 150MUSD for the Punta Lomitas project. We have continued with the amortization calendar of our financial debt. Our Total Net Debt (1) / EBITDA (FY): 1.6x @ Jun/2021. (1) Total Net Debt = Financial Debt + IFRS16 - Cash ENGIE Energía Perú 24#25ENGIE 2020 AND 1H 2021 RESULTS Results for 2Q 2021 increased explained by higher clients demands Investor Presentation (MUSD) Revenues 2Q 2021 2Q 2020 A 2Q 1H 2021 1H 2020 A 1H FY 2020 127.3 108.9 I 16.9% 256.1 237.5 7.8% 484.1 EBITDA* 60.3 51.0 18.1% 128.0 123.7 3.4% 234.7 I Net Result 24.2 19.0 27.2% 53.4 50.5 5.6% 87.9 Recurrent EBITDA** 60.3 51.0 I 18.1% 128.0 123.7 3.4% 234.7 Recurrent Net Result** 24.2 19.0 27.2% 53.4 50.5 5.6% 95.2 Financial Debt 578.4 548.0 5.6% 578.4 548.0 5.6% 484.4 Total Debt*** 587.1 562.3 4.4% 587.1 562.3 4.4% 496.0 I Total Net Debt 379.6 431.4 I -12.0% 379.6 431.4 -12.0% 396.1 Total Net Debt / EBITDA 12m 1.6x 1.8x -9.7% 1.6x 1.8x -9.7% 1.7x EBITDA Operating Income + Depreciation and Amortization +/- Sale of fixed assets and Provisions for impairment * EBITDA = Operating profit + Depreciation and Amortization +/- Fixed assets sales and impairment of fixed assets / The definition of EBITDA is in accordance with the policies of the Company and the ENGIE group ** Does not include Non-core inventory and assets sale *** Total Debt Financial Debt + IFRS16 ENGIE Energía Perú 25#26ENGIE COVID IMPACT IN OUR CLIENT'S DEMAND As of June 30, 2021 MW avg 800 600 400 200 Free Clients Demand Average FY 2020: 447 Average 1H 2020: 423 MW avg 800 Regulated Clients Demand* Average FY 2020: 412 Average 1H 2021: 468 Average 1H 2020: 416 600 400 200 Investor Presentation Average 1H 2021: 498 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dic Jan Feb Mar Apr May Jun 2020 2021 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dic Jan Feb Mar Apr May Jun 2020 2021 *Includes bilateral contracts Free clients demand has recovered its pre-COVID demand levels an effect also produced by new contracts. On average in June 2021, the consumption of free clients was around 468MW, approximately 41MW more than June 2020. The average for 1H 2021 was 468MW, 11% higher than in 1H 2020 (423MW) and 5% higher than in FY 2020 (447MW). ■ Regulated clients demand started its recovery as of July 2020. On average in June 2021, the consumption of regulated clients is around 480MW, approximately 81MW less than June 2020. The average for 1H 2021 was 498MW, 20% higher than in 1H 2020 (416MW) and 21% higher than the FY 2020 (412MW). Source: COES / elaborated by ENGIE ENGIE Energía Perú 26#27Capacity Contracted (MW) ENGIE Investor Presentation DIVERSIFIED COMMERCIAL PORTFOLIO (>30MW) 700 Regulated Clients 600 Free Clients Others Free Clients 555MW -3.38 years 6.6 Years weighted average PPAS 500 400 300 Others Regulated 283MW -4.06 years Luz del Sur 300MW 14 years (2014 - 2027) 38MW Cerro Verde 200 100 5 years (2016-2021) Petroperu 50MW Volcan 49MW 6 years (2018-2023) 2 years (2021-2023) Cerro Verde 91MW 5 years (2021-2025) Supermercados Peruanos 33MW 4 years (2025 - 2028) Enel Bilateral 2018 100MW 5 years (2021-2025) Seal 67MW 12 years (2014-2025) Yura 60MW 9 years + 4 months (2016-2025) 2 4 6 Enel 237MW 14 years (2014-2027) 8 Years Electro Sur Este (private agreement 2019) 99MW ~11 years (2023 - 2033) Antamina 170MW 18 years (2015-2032) 10 12 Marcobre 84MW 14 years + 5 months (2019 - 2033) 14 Quellaveco 150MW -15 years (2021 - 2037) Note: i) In addition, we have two PPAs of 30 years and 7 year for 37 MW and 4MW respectively with Anglo American Quellaveco which have not been included in the graph, ii) Addendums with Distribution Companies not included in the graph, iii) 2019 fully contracted strong commercial strategy to maintain our efficient portfolio contracted. Source: Portfolio (>30MW) as of 30 June 2021 ENGIE Energía Perú 27 16#28ENGIE Investor Presentation COMMERCIAL PORTFOLIO APPROACH Resilience in face of unfavorable market conditions 120 100 ✓ Diversification 19 80 60 54 55 58 61 40 20 0 Increasing number of clients - 78 78 82 80 84 70 87 106 111 111 113 99 95 91 97 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2017 2018 2019 Balanced portfolio (MW) 49% 51% 2020 2021 Limited spot market risk Efficient capacity fully contracted for 2021 and recovery of the demand to 2019 levels Weighted average PPA life of 6.6 years, new PPAs to start in 2H 2021, 2022 and 2023 Most of EEP's contracts do not include termination clauses Portfolio profile The portfolio consists of 101 free clients (16.1% more than in the same period in 2020 - 87 free clients), which represent 40.1% of the energy and capacity sales revenue and 12 regulated clients that constitute the other 59.9% of the revenue. Low commodity risk Indexation -60% of portfolio to Natural Gas prices in line with generation costs ■ Regulated ■ Free clients ENGIE Energía Perú 28#29ENGIE EBITDA 1H 2021 vs. 2020: +4.3 MUSD By effect In MUSD +123.7 +2.5 +18.6 +3.4% Investor Presentation -11.4 -5.5 +128.0 EBITDA 1H 2020 Revenues Higher clients demand Fuels Lower consumption of gas due to Chilca lower generation in 1Q21 because of maintenance COES Purchase Higher net purchases in the COES due to new contracts/addenda and lower generation by maintenance of Chilca OPEX & SGA Higher maintenance mainly due to rescheduling from 2020 to 2021 EBITDA 1H 2021 ENGIE Energía Perú EBITDA increased mainly due to the recovery of clients demand 29#30ENGIE NET RESULT 1H 2021 vs. 2020: +2.8 MUSD By effect In MUSD +5.6% Investor Presentation +4.3 -2.5 +2.5 -1.1 +53.4 -0.3 +50.5 Net Result 1H 2020 ENGIE Energía Perú EBITDA Depreciation & Amortization Net Financial Expenses Foreign Exchange Tax effect mainly mainly explained by the change in depreciation methodology of llo41 (from units produced to linear) explained by higher EBT Net Result 1H 2021 EBITDA and Foreign Exchange are the main variations for 1H 2021 Net Result vs 1H 2020 30#31ENGIE SOLID FINANCIAL DISCIPLINE Reducing leverage and strong credit rating Financial Net Debt / EBITDA Financial Debt Breakdown - As of June 2021 ■Net Debt/EBITDA Financial Net Debt - EBITDA LTM 656 612 617 551 521 476 417 431 280 286 283 287 268 264 245 237 385 351 235 230 371 239 By Currency 2.3x 2.1x 2.2x 44% 1.9x 1.9x 1.8x 1.7x 1.8x 1.6x 1.5x 1.6x 56% 578 MUSD Investor Presentation By Source 7% 26% 42% 25% 4Q'18 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 3Q'20 4Q'20 1Q'21 2Q'21 - USD ■ PEN + XCSY ■ Financial Lease ■ Bonds Corporate Loans ■ Short Term Credit Rating - June 2021 Debt information ENGIE Energía Perú APOYO & ASOCIADOS AAA.pe Stable 31/05/2021 Fitch Ratings MOODY'S AAA.pe LOCAL MOODY'S 31/05/2021 Stable 31 • • In March 2020, due to an addendum to the contracts of all four financial leasing obligations, the interest rates related to them were lowered from 4.90% and 4.20% to 4.00%. In April 2021, the interest rates of both long-term corporate loans in soles were lowered from 4.50% and 4.65% to 2.39%. • Short-term financing deal of 150MUSD at an average interest rate between 0.50% -0.55% in order to finance part of the estimated investment for the construction of the Punta Lomitas wind power plant.#32DEBT PROFILE ENGIE Constantly looking for optimization of existing debt Outstanding debt repayment * MUSD Financial leases Short Term Bonds 3rd Program 250 201 200 150 50 Investor Presentation ■Corporate Loans Bonds 1st Program 92 100 150 65 65 70 40 10 50 92 21 25 65 65 60 40 21 25 * 2021 2022 2023 2024 2025 2026 2027 2028 Remaining as from 01/07/2021 ENGIE Energía Perú 32 22#33ENGIE ENGIE ENERGÍA PERÚ OVERVIEW 2nd largest player in the country Low Co2 generation base *www.engie.com ENGIE Energía Perú 費 RC eNGIC Diversified & decentralized portfolio of generation sources 292.5 km of transmission lines Value added customer solutions 24 years operating in the country & listed since 2005 Sponsored by a global leader, ENGIE* S.A. 33 Investor Presentation#34ENGIE Energía Perú ENGIE 5 APPENDIX Investor Presentation#35ENGIE PERUVIAN ELECTRICITY MARKET (1/2) Composed by three different sectors Generation 12,703 MW* Total Effective Capacity Transmission 21,298km* Basic transmission AA Investor Presentation Distribution 7.9 million clients* 百 DO ÷÷÷÷÷ 88% Private Free market - market prices Pool centralized dispatch Spot Price: Zonal, cost-based, calculated every 15 minutes based on the marginal cost to supply demand Volatility on spot price is mainly driven by hydro conditions, gas transport availability, main plants availability and high voltage transmission restrictions If a Generation company goes into unbalance it must go to the Spot market Two type of clients: Free clients: Mainly mining and industry. Consumption >= 0.2 MW. Bilateral contract Regulated Distribution companies. Public auctions *As of end of December 2020 100% Private Exclusive concession Regulated tariff Open Access Tolls are pass-through costs and are paid by the demand Main players: ISA (54%), Abengoa (10%) & Others (36%) " " 34% Private owned Exclusive concession 100% of the demand must be provided with electricity Regulated market 100% Distribution grid costs are paid by the demand Two type of clients: Free clients: Industries with consumption below 2.5 MW. Households and industries with demand below 0.2MW Main players: Government (66%), Enel disco (18%) & Luz de Sur (15%) *Considered only transmission lines higher than 138Kv. As of end of December 2020 *As of end of December 2020 ENGIE Energía Perú 35#36ENGIE PERUVIAN ELECTRICITY MARKET (2/2) Market players COES Osinergmin Organismo Supervor de la inversión en Energy Mines PERÚ Ministerio de Energía y Minas Ü Indecopi + SEIN - Energy Capacity Consumed by EEP Clients ENGIE Energía Perú Ranking +/-S Energy - Capacity "Dispatched" GENERATION CVC/CVNC eNGIC Dispatch 36 CLIENTS LUZ DEL SUR eneli ΑΝΤΑΜΙΝΑ Cerro Verde MARCOBRE ANGLO AMERICAN Quellaveco $+ Investor Presentation#37ENGIE MAIN FINANCIAL RESULTS 1H 2021 MUSD EBITDA 2Q MUSD +18% Net Result 2Q Investor Presentation Financial Debt MUSD +19% +27% 77 70 66 56 73 51 57 54 68 60 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2019 2020 2021 578 36 30 29 31 21 29 484 24 19 16 9 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2019 2020 2021 4Q 2020 1H 2021 EBITDA 1H MUSD +3% ENGIE Energía Perú 124 128 MUSD 51 Net Result 1H +6% 1H 1H 1H 2020 2021 2020 37 Total Net Debt/ EBITDA (1H) MUSD -6% 53 1.7x 1.6x 1H 4Q 1H 2021 2020 2021#38ENGIE Investor Presentation EMERGING RISKS AS IN THE INTEGRATED REPORT As part of our risk management, we identify as emerging risks the following Changes in the regulatory framework affecting our activities Changes in electricity consumption patterns Development of new technologies Mitigation actions Potential impact Description Increased costs or decreased revenue due to new regulatory requirements or restrictions. The energy sector is changing, and our clients require energy efficient and environmentally friendly products. There are also clients who produce part of the energy that they need and consume the remaining energy from SEIN Energy storage through batteries is becoming a fundamental help for photovoltaic and wind plants Lower energy sales due to lower dispatch and higher costs for the plants. Decrease of centralized power generation revenues due to low demand from clients. There would also be a possible oversupply, which may bring about a decrease of market price Decreased revenues due to a lower demand by clients who produce part of the energy with photovoltaic plants as they may be able to store the energy they do not consume. On the other hand, thermal plants running on gas may be replaced by batteries by using 100% of renewable energy plants Open roundtables with the government and industry to analyze new regulation and present our analysis to promote an open and transparent debate The company is developing and adapting its business supply of energy efficiency for its clients To mitigate the risk, the company is focusing on renewable energies and evaluating energy storage projects Managing changes regulatory in • Technical and More a economic analysis renewable energy projects incorporated to improve the supply would be participatory and • Stability principles decidedly manner Regulatory foreseeability ENGIE Energía Perú 38#39ENGIE Investor Presentation THANKS This presentation may contain certain forward-looking statements and information relating to ENGIE Energía Perú S.A. ("Engie Energía Perú" or the "Company") that reflect the current views and/or expectations of the Company and its management with respect to its business plan. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like "believe", "anticipate", "expect", "envisage", "will likely result", or any other words or phrases of similar meaning. Such statements are subject to a number of significant risks, uncertainties and assumptions. We caution that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. In any event, neither the Company nor any of its affiliates, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages. The Company does not intend to provide eventual holders of shares with any revised forward-looking statements of analysis of the differences between any forward-looking statements and actual results. There can be no assurance that the estimates or the underlying assumptions will be realized, and that actual results of operations or future events will not be materially different from such estimates. This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without ENGIE Energía Perú prior written consent. FOR MORE INFORMATION ABOUT ENGIE ENERGIA PERU ENGIE Energía Perú Ticker: ENGIEC1 +51 1 616 79 79 合 Av. República de Panamá 3490, Lima 27, Perú [email protected] Marcelo Soares, Chief Financial Officer www.engie-energia.pe Adriana Burneo, Head of Corporate Finance & Investor Relations Guillermo Diaz, Investor Relations 39#40ENGIE Energía Perú ENGIE Investor Presentation ENGIE engie.com