#1edp INVESTORS' PRESENTATION September 2023 بسمة Brazil Lote 1 Acre Transmission#2Disclaimer edp This document has been prepared by EDP - Energias de Portugal, S.A. (the "Company") solely for use at the presentation to be made on this date and its purpose is merely of informative nature and, as such, it may be amended and supplemented and it should be read as a summary of the matters addressed or contained herein. By attending the meeting where this presentation is made, or by reading the presentation slides, you acknowledge and agree to be bound by the following limitations and restrictions. This presentation may not be distributed to the press or to any other person in any jurisdiction, and may not be reproduced in any form, in whole or in part for any other purpose without the express and prior consent in writing of the Company. This presentation and all materials, documents and information used therein or distributed to investors in the context of this presentation do not constitute or form part of and should not be construed as, an offer (public or private) to sell or issue or the solicitation of an offer (public or private) to buy or acquire securities of the Company or any of its affiliates or subsidiaries in any jurisdiction or an inducement to enter into investment activity in any jurisdiction. Neither this presentation nor any materials, documents and information used therein or distributed to investors in the context of this presentation or any part thereof, nor the fact of its distribution, shall form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever and may not be used in the future in connection with any offer (public or private) in relation to securities issued by the Company. Any decision to invest in any securities of the Company or any of its affiliates or subsidiaries in any offering (public or private) should be made solely on the basis of the information to be contained in the relevant prospectus, key investor information or final offering memorandum provided to the investors and to be published in due course in relation to any such offering and/or public information on the Company or any of its affiliates or subsidiaries available in the market. Matters discussed in this presentation may constitute forward-looking statements. Forward- looking statements are statements other than in respect of historical facts. The words "believe," "expect," "anticipate," "intends," "estimate," "will," "may", "continue," "should" and similar expressions usually identify forward-looking statements. Forward-looking statements include statements regarding: objectives, goals, strategies, outlook and growth prospects; future plans, events or performance and potential for future growth; liquidity, capital resources and capital expenditures; economic outlook and industry trends; energy demand and supply; developments of the Company's markets; the impact of legal and regulatory initiatives; and the strength of the Company's competitors. The forward- looking statements in this presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Important factors that may lead to significant differences between the actual results and the statements of expectations about future events or results include the company's business strategy, financial strategy, national and international economic conditions, technology, legal and regulatory conditions, public service industry developments, hydrological conditions, cost of raw materials, financial market conditions, uncertainty of the results of future operations, plans, objectives, expectations and intentions, among others. Such risks, uncertainties, contingencies and other important factors could cause the actual results, performance or achievements of the Company or industry results to differ materially from those results expressed or implied in this presentation by such forward-looking statements. The information, opinions and forward-looking statements contained in this presentation speak only as at the date of this presentation, and are subject to change without notice unless required by applicable law. The Company and its respective directors, representatives, employees and/or advisors do not intend to, and expressly disclaim any duty, undertaking or obligation to, make or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this presentation to reflect any change in events, conditions or circumstances. Investors' Presentation 2#3We are a global company, leader in the energy sector, present in 4 regional hubs throughout different stages of the value chain Renewables, Clients & EM ~67% 興 0000 Wind onshore Solar utility-scale Solar DG Energy management ۴۴۴۴ North America Europe edp % Weight on EBITDA 2022 APAC Wind offshore Hydro Storage H2 Client solutions South America Rest of Europe ~9% Brazil Electricity Networks ~25% EBITDA 2022 ~51% Iberia ~33% ~14% North America Transmission Distribution Key indicators Renewables 22 EBITDA Values as of 2022 1.Excludes Viesgo Installed Capacity GW €4.5 Bn Net Profit €871 m Employees¹ 13k Clients² 9 Mn 2.Energy and services clients Note: Excluding contribution from disposed portfolios in 2020 (6 hydro plants, B2C portfolio and 2 CCGTs in Spain). Excludes Viesgo in 2020. Investors' Presentation 3#4Business Strategy edp#5Leading the energy transition to create superior value Our commitments Accelerated and sustainable growth Key figures and targets €25 Bn gross investment 2023-26 4.5 GW/yr gross additions 2023-26 edp >50 GW RES gross additions 2021-30 ESG excellence and future-proof organization Coal free by 2025 All Green by 2030 Net Zero by 2040 Distinctive and resilient portfolio BBB credit rating Superior value creation for all stakeholders 21% FFO/Net Debt by 2026 >80% EBITDA in high-rated markets (Europe and North America) €5.7 Bn EBITDA by 2026 €1.4-1.5 Bn net income by 2026 €0.20 new DPS floor by 2026 5 LO#6We are consolidating our presence across technologies with differentiating value propositions Wind & Solar Oedp (5.0 GW) Wind onshore Top 4 global player with extensive track record along the full value chain with highly experienced teams ~40% (0.7 GW net) Wind offshore 1.9 GW in gross additions Significant growth opportunity with medium term value crystallization, and CAPEX acceleration post 2025 ~5% H 3% €21 Bn Gross Investment2 2023-26 12% Storage (0.5 GW) + H2 Storage: Market starting to materialize by 2025; target mainly co-located opportunities H2: Growth avenue reinforced by recent targets and existing portfolio; equivalent to ~0.4 GW of gross additions in partnership structures (incl. JVs) 1. Excluding China 2. Including financial investments Note: All MWs are in MWac Solar Utility scale (9.4 GW) ~40% Additions ramping up quickly, leveraging presence in growing markets, through traditional and new technologies (e.g., floating solar) Solar DG (2.1 GW) High growth market, leveraging on developed capabilities and portfolio, global footprint with transversal segments and business models, and synergies with utility scale Investors' Presentation 6#7Accelerated and sustainable growth We are increasing our investment in the energy transition, with a strong focus on renewables and core low-risk markets Reinforcing our investment... Annual Gross Investments¹ (€ Bn) ... in the energy transition, across core low risk markets Gross Investments¹ 2023-26 (€ Bn) ~4.8 30% ~6.2 BP 2021-25 BP 2023-26 1. Including financial investments ~15% ~40% ~40% ~€25 Bn ~€25 Bn ~85% >5% ~15% Oedp Renewables, Clients & EM Electricity Networks North America Europe APAC South America Following a clear investment framework, maintaining our selective and disciplined approach Investors' Presentation 7#8We are growing our distribution asset base and we have high visibility over the upcoming period Distribution business Growing our Distribution business... Regulated Asset Base, € Bn ... on the back of visibility on regulatory frameworks Portugal Spain Brazil By 2026 19% 2022 32% 2026E 24% 30% RoR 2023-26 Regulation and inflation visibility Gross Investments¹ 2023-26 ~400,000 kms (+~20k vs. 2022) 5-6% 5.9 49% TOTEX methodology indexed to inflation RoR indexed to bond yields ~€1.5 Bn >90 TWh (+~5 TWh vs. 2022) 5.6% Next regulatory period starting in 2026 ~€0.6 Bn ~12 Mn connection points (+~500k vs. 2022) 7-8%2 Revenue indexed to inflation ~€1.1Bn 6.6 46% ~9 Mn ° smart meters (+2.5 ~€3.2 Bn Mn vs. 2022) 1. Including financial investments 2. Regulatory WACC after-tax in real terms edp Investors' Presentation 8#9Accelerated and sustainable growth We are successfully ramping up growth with clear visibility on execution We are scaling-up our growth rate... Gross additions, GW ~6x 1.3 0.7 2.4 4.5 GW/yr ... and have clear visibility on execution € Bn, 2023-26 ~181GW (2023-26) €25 Bn Electricity Networks ~15% 4.8 4.1 2015-18 2019-20 2021-22 2023-24 2025-26 2027+ Renewables, Clients & EM3 ~85% ~50% ~50% Oedp Gross Investments² Secured Pipeline 1. Includes 17.1 GW from EDPR and ~0.7 GW of Solar DG as a service from Clients & EM in Europe and Brazil; excludes ~1.4 GW of Solar DG B2C Build and Transfer from Clients & EM in Europe and Brazil 2. Including financial investments 3. Energy Management Investors' Presentation 9#101.9 GW renewables secured capacity since CMD reaching ~52% of the target for 2023-2026 Secured Capacity for 2023-2026 GW % % of target additions ~40% ~52% ~75% ~30% ~8.9 ~1.9 ~7 CMD ~5.7 ~2.7 Today 2023-24 2025-26 Note: Secured refers to renewables capacity that has long-term contracted remuneration (PPA, CfD, or other) Growth of secured capacity supported by strong renewables demand +1.9 GW secured in since March diversified by 6 markets, mainly in EU and US, and 3 technologies (wind onshore, solar centralised and solar distributed) 8.9 GW or ~52% of the 17 GW capacity targeted for the 23-26 already secured and ~75% of the capacity for 2023-24 EDP focused on execution with 5 GW currently under construction Expected 2023 installations ~3 GW, diversified across EDP's key markets Reinforced diversification in solar supply chain: 2024 COD US projects sourced from 5 different suppliers; 1.5 GW contracted with US manufacturer First Solar for projects post 2024 edp Investors' Presentation 10#11edp Accelerating our leading global Solar DG business, with EBITDA expected to triple over 2023-26 Scaling solar DG business, as announced in CMD Deployed capacity 53 MWp +30x 1,575 MWP 2019 1H23 Solar DG EBITDA strong growth over 2023-26 EDP Solar DG EBITDA growth 2023-26, €bn ~75% EU, US and Singapore Capacity secured 1.3 GWp of ~4GWp target additions in 23-26 Investment 2023-26 Impacted by structure costs diluted as volume increases 0.3 0.2 0.1 2022 2023 2024 2026 €2.5bn 12% of total investment in renewables Short time to market with wider flexibility in grid connection, permitting or supply chain Significant cost savings for clients vs. fully-loaded energy cost from the grid Investors' Presentation 11#12Accelerated and sustainable growth We will deploy our distinctive asset rotation strategy to crystalize value and fund additional growth opportunities ~€7 Bn AR proceeds and capital gains 4.5 GW/yr ~30% Build to Sell ~70% Build to Own 2023-26 1. Considering EV at 100% 2. Average proceeds of Wind and Solar per MW edp Upfront value crystallization Growth acceleration with less capital Reduction of merchant tail risk NPV captured throughout life of the asset Scale and synergies enhancement Recurrent/low-risk annual CFs ~€20 Bn EV1 rotated track record since 2012 ~€1.7 Mn Avg. EV/MW in 2021-222 ~40% Avg. AR gains/invested capital in 2021-22 >200 bps IRR spread, with proceeds reinvested in quality and value accretive projects Investors' Presentation 12#13Successful buyout of EDP Brasil minorities under a positive sector and macro edp context Delisting Tender Offer on EDP Brasil Tender offer price Premium vs. previous day R$ 23.73/share¹ ~22% Stake in EDP Brasil 56% 88% Pre tender offer March 1st Post tender offer July 11th Positive sector and macro developments in Brazil Renewal of electricity distribution concessions Released proposal (public hearing stage) reduced sector risk perception Utilities index recovery +25% since offer launch ↑ Declining interest rate 100% SELIC rate expected cut in the short-term 10Y Bond Yield -270bps since offer launch As of today August 30th Total equity investment €1.0Bn Completion of the Tender Offer in just 6 months, an important step in the implementation of EDP's strategy, allowing for greater exposure to networks and renewables with inflation-indexed revenues, as well as synergies between EDP's different business units, simplifying the business structure and providing greater flexibility in the management of EDP's integrated presence in the Brazilian market ↑ ↑ Sound currency +5% BRL appreciation vs. EUR since offer launch (forex hedged for €1bn investment, ~€40m savings) Economic growth GDP growth forecast revised upwards from 1.9% to 2.5% 1. Post dividend adjustment $ Investors' Presentation 13#14We have diversified sources of cash to deliver on our growth BP23-26 Organic Sources and Uses of Funds (€ Bn) Dividends Delisting EDP Brasil Uses of cash ~€27 Bn ~3 ~1 Expansion Investment 1. 12 2. Sources of cash Organic CF1 (net of maintenance CAPEX) and others ~9 Asset Rotation + Disposals ~8 ~23 TEI² ~4 ~2 Operating CF net of interests, maintenance capex, dividends paid to minorities and TEI payments. Includes asset rotation gains Excludes tax equity deconsolidated in relation to AR projects ~4 Equity raising Change in Net Debt edp Investors' Presentation 14#15We are keeping a sound balance-sheet and low-risk profile Net Debt € Bn 1. FFO/Net Debt¹ % 17 16 13 ~20% ~21% ~21% 2022 2024 FFO/ND formula consistent with rating agencies methodologies, considering EDP definition of EBITDA Recurring 2026 Oedp Reinforced commitment to a strong BBB rating Reached >20% FFO/ND in 2021, achieving BBB credit rating Solid cash flow generation with +€4 Bn net debt after a €25 Bn gross investments plan Operating with flexibility to further reinforce balance sheet (e.g., asset rotation, portfolio optimization) Investors' Presentation 15#16>€10 Bn financial liquidity covering refinancing needs beyond 2026; ①edp Successful execution of EUR pre-hedging in Jun-23 Financial liquidity as of Jun-23, €Bn Cash & Equivalents New RCF signed today Avg. nominal debt by currency Debt by interest rate type as of Jun-23, % 3.1 BRL Available Credit Lines 6.2 +€1Bn Other 13% 6% Total Liquidity €9.3Bn €10.3Bn 46% EUR 35% USD EDP consolidated debt maturity profile¹ as of Jun-23, €Bn Floating 74% O 26% Fixed EDP Brasil EDP SA & EDP Finance BV and Other 4.6 2.9 2.4 2.4 2.2 1.9 1.9 1.3 0.5 2023 2024 2025 2026 2027 2028 2029 2030 > 2031 1. Including hybrids at maturity Pre-hedging execution €750m green bond issuance in Jun-23 - 2.5% implicit yield (pricing @3.875%, 5y Mid Swap pre-hedged for amounts to be refinanced in 2023, @1.8%) Settlement of dollar pre-hedging for the optimization of the EUR/USD position Investors' Presentation 16#17Decarbonize: For a climate-positive world Coal free by 2025 All green by 2030 Net Zero by 2040 Reinforce efforts for the decarbonization pathway of EDP's portfolio towards Net Zero, by aligning objectives with suppliers and processing the learning curve on offsetting to reduce emissions outside the value chain -28% Scope 1+21 (tCO2e/MWh) 0.157 -0.160 +2% (vs. 2020) (vs. 2020) 0.112 Scope 31 (MtCO2e) 10.7 9.3 -77% (vs. 2020) 0.036 -95% (vs. 2020) 0.008 Oedp -96% (vs. 2020) 0.006 -45% (vs. 2020) -90% (vs. 2020) 5.9 1.1 Renewables (% generation) 74% 74% 91% 93% 100% 100% SCIENCE BASED TARGETS THE NET 2020 2022 2024 2026 2030 2040 DRIVING AMBITIOUS CORPORATE CLIMATE ACTION ZERO STANDARD APPROVED NET-ZERO TARGETS Key Decommission coal plants with a clear milestones plan to mitigate impact on the community (e.g., reskilling, repurposing assets) Decommission/ repurpose gas assets (full portfolio) Ensure green procurement from all suppliers (start to engage now and provide support to ensure compliance by 2040) 1.2020 as base year Investors' Presentation 17#18Financial targets edp#19We have a distinctive and resilient portfolio, with a low-risk profile and focused geographic presence Our distinctive and resilient portfolio... ... increasingly aligned with the Energy Transition 2026 guidance, share of EBITDA <5% <15% >95% Energy Transition at our core Iberia Rest of Europe Share of EBITDA ~45% ~25% North America APAC 2026 <5% Decreasing exposure in Thermal while managing for value. South America ~45% ~15% edp >80% Continue focus on high-rated markets (Europe, North America) ~35% Inflation linked Share of <50% Manage exposure in Iberia, improving diversification Flat Gross Profit 2023-26 Escalators/Collars Hedged/Merchant <20% Manage exposure to Brazil, optimize portfolio ~5% ~15% Investors' Presentation 19#20We are keeping our selective and disciplined investment framework, delivering stronger returns throughout the cycle Typical metrics of project approvals¹ over the last 6 months Attractive returns Target Achieved IRR/WACC (x) >1.4 Region Technology Unlevered project IRR2 IRR-WACC (bps) >200 >9% Sound contracted profile Contracted period (years) ~15 Contracted NPV (%) >60 * 囲 edp Stronger returns and cash yields driving value accretive investments throughout the cycle >8% Higher absolute returns on higher CAPEX levels >8% Further uplift of returns provided by Asset rotation >7% strategy Clear investment framework and strong track record, maintaining our selective and disciplined approach 1. Analysis based on Wind and Solar projects in North America and Europe, with FID in 2022 and 2023. Project returns at final investment decision date, based on Build & Own to maturity (i.e., do not factor uplift from Asset rotation strategy) 2. Unlevered IRR considered in Europe; Unlevered post tax-equity IRR in North America Investors' Presentation 20#21We are committed to further grow and consolidate our leading energy transition portfolio, delivering superior value edp Recuring Net Income¹, € Bn 0.9 ~1.4-1.5 12-14% CAGR 2022-26 EBITDA, € Bn ~5.7 6% CAGR 2022-26 4.5 ~1.5 Electricity Networks 1.5 ~1.2 Hydro, Clients & EM 0.9 ~3.0 Wind & Solar² 2.2 2022 1. Net income range represents the incremental contribution of EDP Brasil's delisting tender offer (€0.1 Bn) 2. EDPR only (excluding Solar DG Europe and Brazil) 2026 Investors' Presentation 21#22Superior value creation for all stakeholders We are delivering superior value through sustained EPS growth and a solid dividend policy with an increased floor Delivering strong earnings growth... Recurring Net Income¹ € Bn ... with an attractive dividend policy From... DPS floor €0.19 To... 0.9 2022 +12-14% p.a. ~1.4-1.5 ~1.2-1.3 2024 2026 1. Net income range represents the incremental contribution of EDP Brasil's delisting tender offer (€0.1 Bn) Target payout €0.19 in 2023 €0.195 in 2024-25 €0.20 in 2026 edp 75-85% 60-70% Sustainable EPS growth to deliver DPS increase Investors' Presentation 22#231H23 Results edp#24Recurring EBITDA +24% YoY prompt by a recovery on hydro conditions and lower electricity and gas sourcing costs Recurring EBITDA1,€m YoY growth, % 1,994 ΔΥΟΥ +24% 2,464 +476m 1,742 Renewables, 1,266 Clients & EM edp +€687m Hydro, Clients and EM -€211m EDPR Recovery of hydro in Portugal vs. a very weak 1H22 Lower electricity and gas sourcing costs EDPR Installed Capacity +10% YoY Wind and Solar generation flat YoY Absence of AR gains in 1H23 vs. €99m in 1H22 Networks 732 726 -6m -€16m Iberia +€10m Brazil • -4 -3 Other/adjust' • 1H22 1H23 1. Including positive ForEx impact; Distribution IB impacted by the recovery of previous years' revenues in Spain in 1H22 In Brazil, growth in transmission Investors' Presentation 24#25Recovery of hydro generation after a very weak 1H22; hydro reservoirs above average, presenting good prospects for the next months Recovery of hydro generation in 2023 Hydro reservoir levels still above average Reservoir levels in Portugal (%) Iberia Avg. Elect. Spot Price (€/MWh) 206 Hydro coefficient - Portugal 34% Hydro generation (TWh) > > 2.8 1H22 88 100 79% 80 +68% 60 60 4.7 40 40 1H23 20 Jan/23 Mar/23 May/23 Jul/23 Sep/23 Nov/23 Dec/23 - 20231 Avg. 2013-2021 2022 Range 2013-2021 edp Strong rainfall recovery in 1Q23, leading to a +68% increase in generation YoY Hydro conditions in 2Q23 slightly below average after a strong first quarter Hydro reservoir levels at ~80% as of today, close to the maximum of the last ten years for this time of the year and substantially above 2022 levels 1. Reservoir levels until July 17th, 2023 Investors' Presentation 25#26Net Profit of €517m, a strong increase YoY after a very weak 1H22; EBIT growth partially mitigated by higher effective tax rate Recurring Net Profit¹ €m edp Recurring Net Profit €m ΔΥΟΥ 517 EBITDA 2,464 +470 301 D&A and Provisions 860 EBIT -53 1,604 +417 Higher EBT in Iberia and Net Financial Costs 411 -27 Brazil (with corporate tax rates above portfolio avg.) no asset rotation gains in 1H23 1H22 1H23 Pecém Income Taxes (2) -405 -209 impairment ~€61m Non-controlling interests -271 Net Profit 517 35 +216 Non-recurring items 1 6 -80m Reported 306m 437m 1. Adjustments and non-recurring items impact at net profit level - 1H23: -€61m of Pecém impairment, -€8m Tax Romania, - €7m of PPA cancelation in US and -€4m from liability management; 1H22: €6m from CCGT impairments Investors' Presentation 26 2. Includes CESE#27Cost of debt increase YoY prompted by US interest environment, but stable ①edp QoQ at 3.1% excl Brazilian real; 1H22 Financial costs benefited by forex MtM Net Financial Costs €m Cost of Debt¹ Brazil EDP excl Brazil €m -4% 434 418 416 385 -2- 49 -16 51% 52% 49% 48% 1H22 Non- 1H22 Interest interest adj. related 1H23 adj. interest Non- 1H23 > Brazil with significant weight ~50% in interest costs: both interest rates and revenues closely indexed to short term interest rates proving net profit inflation hedging 1. Annualized gross interests/Avg Gross Debt 2.7% Avg. Cost of Debt Excl. Brazil 4.5% EUR USD BRL > Cost of debt ex-BRL mostly impacted by USD 3.1% 4.8% Investors' Presentation 27#28Sound financial profile with 3.2x Net Debt/EBITDA, reinforcing recent rating ①edp upgrade; Temporary regulatory WC penalizing net debt evolution Change in Net Debt € Bn Organic cash-flow = €0.4Bn 13.2 1.6 + I 0.7 0.3 I 0.8 2.0 2.0 15.3 0.0 Net Debt Dec-22 Recurring Organic CF Regulatory Working Capital Net Expansion Investments Dividends EDP & EDPR Capital Increase FX and Other Net Debt Jun-23 Net Debt/EBITDA (1) 3.4x FFO/Net Debt(2) ~20% 1. Net of regulatory receivables; net debt excluding 50% of hybrid bond issues (including interest); Based on trailing 12 months recurring EBITDA and net debt excluding 50% of hybrid bond issue (including interest); Includes operating leases (IFRS-16); 2. FFO/ND formula consistent with rating agencies methodologies, considering EDP definition of EBITDA Recurring 3.2x ~19% Investors' Presentation 28#29Annex edp#30We strengthen our strategic targets, reinforcing our ambition to lead the energy transition Our commitments Oedp Key targets BP 2021-25 Accelerated and Deployment ~4 GW/year sustainable growth Asset Rotation €1.6 Bn/year in AR; €0.3 Bn in gains ESG excellence and future- proof organization Coal free by 2025 Green targets All Green by 2030 Distinctive and resilient portfolio Credit rating BBB investment grade rating FFO/ND >20% FFO/net debt in the short term Superior value EBITDA creation for all stakeholders €4.7 Bn by 2025 Net income¹ €1.2 Bn by 2025 DPS Sustainable EPS growth to deliver DPS increase BP 2023-26 ~4.5 GW/year €1.7 Bn/year in AR; €0.3 Bn in gains + Net Zero by 2040 BBB rating secured, with reiterated commitment >20% FFO/net debt during 2023-26 €5.7 Bn by 2026, €5.3 Bn already by 2024 ~€1.4-1.5 Bn by 2026, ~€1.2-1.3 Bn already by 2024 Dividend floor increased to €19.5 cts in 2024-25, and €20 cts in 2026 1. Net income range represents the incremental contribution of EDP Brasil's delisting tender offer (€0.1 Bn) Investors' Presentation 30#31A WAY FOR A BETTER TOMORROW All in all - our ESG commitments edp Ambition Goal 2022 Decarbonize: for a climate-positive world SBTI: Scope 1+ Scope 2, gCO₂e/kWh (% vs. 2020)1 SBTI: Scope 3, MtCO2e (% vs. 2020)1 Renewables generation, % 160 (+2%) 2026 target 2030 ambition 36 (-77%) 8(-95%) ~6Mn(-45%) 74% 93% 100% Communities: Empowering our Communities for an active role in the transition Global investment in communities, cumulative² ~€54 Mn ~€200 Mn >€300 Mn Social impact investment beneficiaries³ ~6m 20m >30 m New hires, number >2,000 >3,000 >6,500 Training in upskilling and reskilling program, % training4 40% 45% >45% Planet: Protecting our planet contributing to its regeneration Total recovered waste 5, % per year 95% 90% >90% Biodiversity Net Gain in new projects n.a. 100% Partners: Engaging our Partners for an impactful transformation ESG Culture: A strong ESG culture protecting and empowering human life Projects with Net Gain Biodiversity tracking system Suppliers compliant with ESG Due Diligence6, % Purchases volume aligned with EDP ESG goals, % n.a. 100% 100% 100% 100% 100% >50% 90% >90% Fatal accidents, number 5 Women employees, % 27% 31% 35% Women employees in leadership, % 28% 31% 35% Employees receiving ESG training 60% 70% 90% 1. 2020 as base year, 2. Accumulated OPEX 2021-2030. Includes voluntary & mandatory investment + management costs, 3. Accumulated 2021-2030. Includes direct and indirect beneficiaries & A2E clients, 4. Excludes transversal training, 5. Includes construction, operational and dismantling phases and considers the change in EDP's technology mix, 6. Purchases >25k€ 31#32Distinctive and resilient portfolio Brazil footprint and strategy is fully aligned with EDP's equity story edp EDP Brasil Energias do Brasil since 1995, conventional business Two electricity distribution concessions with €1 Bn RAB Transmission business with ~2.2 thousand Kms and €1 Bn RAB 2 GW of Hydro installed capacity 3.8 Mn clients edp EDP Renewables Brazil Renewables since 2009, wind and solar 1.1 GW of RES in operation and U/C (0.9 GW Wind, 0.2 GW Solar) edp Weight of Brazil in the Group's EBITDA Networks Hydro, Clients & EM Wind & Solar Brazil's contribution to EDP EBITDA Brazil 25% 14% 2022 2026 ● • Portfolio repositioning, reducing exposure to hydro and exit thermal Focus on growing regulated networks business and Solar DG, together with wind & solar • Managing Group's exposure to Brazil Investors' Presentation 32 32#33edp Renewables, Clients & EM Brazil Boqueirão Wind Farm