#1SEMPRA™ Second Quarter 2022 Earnings Results August 4, 2022#2INFORMATION REGARDING FORWARD- LOOKING STATEMENTS This presentation contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions with respect to the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this presentation. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors. In this presentation, forward-looking statements can be identified by words such as "believes," "expects," "intends," "anticipates," "contemplates," "plans," "estimates," "projects," "forecasts," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "target," "outlook," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategy, goals, vision, mission, opportunities, projections, intentions or expectations. Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include risks and uncertainties relating to: California wildfires, including the risks that we may be found liable for damages regardless of fault and that we may not be able to recover all or a substantial portion of costs from insurance, the wildfire fund established by California Assembly Bill 1054, in rates from customers or a combination thereof; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, renewals of franchises, and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and governmental bodies and (ii) the U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks in (i) being able to make a final investment decision, (ii) completing construction projects or other transactions on schedule and budget, (iii) realizing anticipated benefits from any of these efforts if completed, and (iv) obtaining the consent or approval of partners or other third parties, including governmental and regulatory bodies; civil and criminal litigation, regulatory inquiries, investigations, arbitrations, property disputes and other proceedings, including those related to the natural gas leak at Southern California Gas Company's (SoCalGas) Aliso Canyon natural gas storage facility; changes to laws and regulations, including certain of Mexico's laws and rules that impact energy supplier permitting, energy contract rates, the electricity industry generally and the import, export, transport and storage of hydrocarbons; cybersecurity threats, including by state and state-sponsored actors, to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and confidentiality of our proprietary information and personal information of our customers and employees, including ransomware attacks on our systems and the systems of third-parties with which we conduct business, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine; failure of foreign governments, state-owned entities and our counterparties to honor their contracts and commitments; actions by credit rating agencies to downgrade our credit ratings or to place those ratings on negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, laws, rules and disclosures, as well as related goals and actions of companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and any deterioration of or increased uncertainty in the political or regulatory environment for California natural gas distribution companies and the risk of nonrecovery for stranded assets; the pace of the development and adoption of new technologies in the energy sector, including those designed to support governmental and private party energy and climate goals, and our ability to timely and economically incorporate them into our businesses; weather, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system outages or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or subject us to liability for damages, fines and penalties, some of which may be disputed or not covered by insurers, may not be recoverable through regulatory mechanisms or may impact our ability to obtain satisfactory levels of affordable insurance; inflationary and interest rate pressures, volatility in foreign currency exchange rates and commodity prices, our ability to effectively hedge these risks, and their impact, as applicable, on San Diego Gas & Electric Company's (SDG&E) and SoCalGas' cost of capital and the affordability of customer rates; the availability of electric power, natural gas and natural gas storage capacity, including disruptions caused by failures in the transmission grid or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic on capital projects, regulatory approvals and the execution of our operations; the impact at SDG&E on competitive customer rates and reliability due to growth in distributed and local power generation, including from departing retail load resulting from customers transferring to Community Choice Aggregation and Direct Access, and the risk of nonrecovery for stranded assets and contractual obligations; Oncor Electric Delivery Company LLC's (Oncor) ability to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including by actions of Oncor's independent directors or a minority member director; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and that may be imposed in the future in connection with the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain counterparties, or impair our ability to resolve trade disputes; and other uncertainties, some of which are difficult to predict and beyond our control. These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements. Data throughout this presentation is approximate. Sempra Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, S.A.P. I. de C.V. (IEnova) are not the same companies as the California utilities, SDG&E or SoCal Gas, and Sempra Infrastructure, Sempra Texas, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC. SEMPRA 2#3TABLE OF CONTENTS • Executive Summary • Business Updates • Financial Results • Closing Remarks SEMPRA 3#4EXECUTIVE SUMMARY Sempra California Operating in largest Sempra Texas Sempra Infrastructure Operating in fastest economy + largest growing state + second manufacturing base in U.S. 1,2 largest manufacturing base in U.S.2,3 Helping to solve dual challenge of global energy transition + energy security • FINANCIAL HIGHLIGHTS Reporting Q2-2022 adjusted EPS of $1.98 and YTD-2022 adjusted EPS of $4.904 Guiding to high end of FY-2022 adjusted EPS guidance range of $8.10 - $8.70* Affirming FY-2023 EPS guidance range of $8.60 - $9.20 Continued focus on strategic execution, disciplined capital allocation, and safety + operational excellence drove strong Q2-2022 financial results 1234 1. 2021 GDP Data. BEA. 2. BEA manufacturing employment 2020 data (November 2021). 3. 2021 Aggregate Population Growth Data. U.S. Census Bureau. 4. SEMPRA See Appendix for information regarding Adjusted EPS and Adjusted EPS Guidance Range, which represent non-GAAP financial measures. GAAP EPS for Q2-2022 and YTD-2022 were $1.77 and $3.70, respectively. Updating GAAP EPS Guidance Range for FY-2022 to $6.90 - $7.50. 4#5BUSINESS UPDATES SDG&E + SoCalGas filed GRCs in May for 2024 - 2027 . 2023 2025 Cost of Capital final decision anticipated before year-end SEMPRA 1 CALIFORNIA . SDG&E received CPUC approval for four new microgrid energy storage facilities SEMPRA TEXAS . • . SoCal Gas achieved 37% methane emissions reduction, significantly exceeding state's goal of 20% reduction by 2025 + nearing state's 2030 goal of 40% reduction² Oncor filed base rate review in May Oncor connected 35,000 additional premises year-to-date, anticipates maintaining long-term annual trend of approximately 2% premise growth Oncor had 90 new requests for transmission interconnection in Q2-2022, representing 73% year-over-year increase³ 3 Oncor built or hardened nearly 480 miles of T+D lines in Q2-2022 Sale of 10% NCI to ADIA for $1.7B in cash proceeds completed June 2022 . SEMPRA Agreement signed with Total, Mitsui, and Mitsubishi supporting Hackberry CS4 INFRASTRUCTURE 4,5 MOUS signed with CFE advancing growth opportunities Entered into series of HOAs advancing LNG development opportunities 4,5 12345 In June 2022, the CPUC issued Resolution E-5219 approving SDG&E's contract and cost information for four utility-owned circuit-level energy storage microgrid projects. Amount approximated based on calculation of emissions through 2021 relative to 2015 baseline. Oncor had ~90 new transmission interconnection requests in Q2-2022, compared to ~52 new requests in Q2-2021. The ability to complete major development and construction projects is subject to a number of risks and uncertainties. The current arrangements do not commit any party to enter into definitive contracts, which are subject to negotiation. SEMPRA 5#6U.S. LNG DEVELOPMENT UPDATE Phase 2 • CAMERON LNG Permits | Pending FERC amendment FEED Competitive process, targeted completion summer 2023 Train 1-3 Debottlenecking • • • Capacity | ~1 Mtpa Expected Offtake | 25% Sempra Infrastructure, 75% Cameron LNG Partners Train 4 Nameplate Capacity | ~6 Mtpa Expected Offtake | 50% Sempra Infrastructure, 50% Cameron LNG Partners 3 4 HOAS³ for SI Capacity | PGNiG + INEOS* 1 PORT ARTHUR LNG Phase 1 • Permits | FERC Order² + DOE Export • EPC | Bechtel refresh underway • • Long-Term Offtake Capacity | ~10 Mtpa 3 HOAS | 9.65-11.65 Mtpa | ConocoPhillips, RWE, PGNiG, INEOS 4 Phase 2 Long-Term Offtake Capacity | ~5-10 Mtpa (1 or 2 Trains) 1. The ability to complete major development and construction projects is subject to a number of risks and uncertainties. Projected capacities represent 100% of the project, not Sempra's ownership share. Capacities are illustrative and approximate. 2 3 4 4. Contemplating administrative changes to FERC order to optimize equipment locations for potential subsequent expansion. The current arrangements do not commit any party to enter into definitive contracts, which are subject to negotiation. INEOS' HOA provides Sempra Infrastructure opportunity to allocate volumes between the two projects, and the above presentation assumes the allocation of the entire INEOS volume to Port Arthur LNG Phase 1. PGNiG's HOA provides opportunity in 2022 to reallocate volumes from Cameron LNG Phase 2 to Port Arthur LNG Phase 1. SEMPRA 6#7Q2-2022 FINANCIAL RESULTS (Dollars and shares in millions, except EPS) GAAP Earnings Impacts Associated with Aliso Canyon Litigation¹ Impact from Foreign Currency and Inflation on our Monetary Positions in Mexico and Associated Undesignated Derivatives Net Unrealized Losses on Commodity Derivatives Deferred Income Tax Expense Associated with the Change in our Indefinite Reinvestment Assertion Related to the Sale of NCI to ADIA Earnings from Investment in RBS Sempra Commodities LLP Adjusted Earnings² Diluted Weighted-Average Common Shares Outstanding GAAP EPS Diluted Weighted-Average Common Shares Outstanding - Adjusted Adjusted EPS2,3 Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 (Unaudited) EA $ 559 $ 424 $ 1,171 $ 1,298 32 98 16 6 199 72 91 69 58 70 87 0 120 (50) 50 (50) $ 626 $ 504 $ 1,550 $ 1,404 316 309 317 306 $ 1.77 $ 1.37 $ 3.70 $ 4.24 316 309 317 311 $ 1.98 $ 1.63 $ 4.90 $ 4.58 Despite sales of NCI in Sempra Infrastructure Partners, Sempra achieved 7% increase in adjusted EPS in first six months of 2022 compared to same period in 20212,4 Related to property developer claims, four of which were settled in Q1 2022. 1234 1. 2. See Appendix for information regarding non-GAAP financial measures and descriptions of adjustments. 3. 4. For YTD-2021, preferred dividends of $19M are added back to adjusted earnings because of dilutive effect of Series B mandatory convertible preferred stock. GAAP EPS decreased 13% in first six months in 2022 compared to the same period in 2021. SEMPRA 7#8Q2-2022 ADJUSTED EARNINGS DRIVERS 1. 2. $33M $626M $41M $48M $504M Q2-20211 Higher TX Earnings from Customer+ Consumption Growth Increase in Invested Capital Higher CA CPUC Base Operating Margin Net of Operating Expenses + Higher FERC Margin Higher SI Earnings Q2-2022¹ 1,2 See Appendix for information regarding non-GAAP financial measures and descriptions of adjustments. GAAP Earnings for Sempra for Q2-2022 and Q2-2021 were $559M and $424M, respectively. At Sempra Infrastructure GAAP Earnings for Sempra Infrastructure were $130M higher. Refer to slide 20 for additional information. SEMPRA 8#9CLOSING REMARKS Continuing strategic execution across three growth platforms in highly attractive markets in North America with a focus on safety and operational excellence FINANCIAL HIGHLIGHTS Reporting Q2-2022 adjusted EPS of $1.98 and YTD-2022 adjusted EPS of $4.901 Guiding to high end of FY-2022 adjusted EPS guidance range of $8.10 - $8.70¹ Affirming FY-2023 EPS guidance range of $8.60 – $9.20 "At Sempra, we are executing against a plan that positions us to build the energy networks of the future, while delivering cleaner energy resources and supporting global energy security." Jeffrey W. Martin, Chairman and CEO SEMPRA 9 1. See Appendix for information regarding Adjusted EPS and Adjusted EPS Guidance Range, which represent non-GAAP financial measures.#10APPENDIX I SEMPRA™#11SEMPRA CALIFORNIA REGULATORY SUMMARY 2024 GRC¹ Revenue Request Attrition (2025 - 2027)² SDG&E $3.0B Effective Period Rate Review Key Dates Equity Layer / ROE³ Current Authorized Requested (2023 - 2025) Key Dates SoCalGas $4.4B 8% -12% 2024 - 2027 6% -8% 2024 - 2027 Cost of service (excludes commodity, energy efficiency, and certain balanced programs); does not include certain capital projects that are subject to proceedings outside GRC Requested final decision Dec-2023 SDG&E 52% 10.20% 54% 10.55% SoCalGas 52% 10.05% 54% 10.75% Anticipate proposed decision Nov-2022 and final decision Dec-2022 1. 2. 23 3. SDG&E (A.22-05-016) and SoCalGas (A. 22-05-015) GRC applications are subject to CPUC approval. The CPUC's decision and its timing may differ materially and adversely from requests in the applications. Represents a range; amounts in each of the attrition years may differ significantly. Requested amounts represent SDG&E's and SoCal Gas' 2023 - 2025 Cost of Capital applications (A.22-04-012/A.22-04-011), which are pending. These applications are separate from GRC filings and subject to CPUC approval. The CPUC's decision and its timing may differ materially and adversely from the requests in the applications and does not reflect the outcome of SDG&E's 2022 Cost of Capital application (A.21-08-014). A final decision for the 2022 Cost of Capital application is expected in 2H-2022 and will be retroactive for FY-2022. SEMPRA 11#12SEMPRA TEXAS | ONCOR BASE RATE REVIEW SUMMARY Equity Layer / ROE² Test Year Effective Period Oncor Requested 45% / 10.3% (Authorized 42.5% / 9.8%) 2021 (historical)³ Estimated 2023-20264 Rate Review Cost of capital, cost of service (O&M), prudency review for new assets in service Key Dates Post-Rate Case Update Mechanism Rates effective in Q1-20235 TCOS/DCRF6 Oncor's base rate review is subject to PUCT approval. The final approved decision and decision timing may differ materially and adversely from any and all requests made therein. Represents request in base rate review. Docket Number: 53601. Authorized numbers reflect current regulatory capital structure and ROE. Represents actual year-end 2021 results with certain adjustments. Revenue request of 4.5% increase over current adjusted rates. 1. 2. 3. 4. 56 5. Based on Oncor's procedural schedule approved in June 2022. 6. PUCT rules permit filing of DCRF once a year and TCOS twice a year to recover certain capital investments. Based on PUCT rule that base rate review must be filed every four years. However, the PUCT or cities with jurisdiction over rates can call Oncor in for a base rate review, or Oncor can request a base rate review, prior to that time. SEMPRA 12#13SEMPRA INFRASTRUCTURE GROWTH PIPELINE' LNG + NET-ZERO SOLUTIONS² ECA LNG Phase 13 (~3 Mtpa) Cameron LNG Phase 2 Train 1-3 Debottlenecking (~1 Mtpa) Train 4 (~6 Mtpa) Port Arthur LNG Phase 1 (~13 Mtpa) Port Arthur LNG Phase 2 (~6-13 Mtpa) Vista Pacifico LNG (~2 Mtpa) ECA LNG Phase 2 (~12 Mtpa) Hackberry CS ENERGY NETWORKS . • • • Commentary First LNG expected by end of 2024 Targeting online in stages prior to Cameron LNG Train 4 Progressing with Cameron LNG Partners + FEED contractors SI plans to sell its offtake back-to-back under long-term contracts HOAS | PGNiG + INEOS 4 HOAS | ConocoPhillips, RWE, PGNiG, and INEOS4 • Ongoing commercial discussions + EPC contract refresh Active marketing + development Status Construction Development Development | Complete FEED targeted summer 2023 Development Development • MOUS | TotalEnergies + CFE* Development 4 HOA | ConocoPhillips; MOUS | TotalEnergies + Mitsui Development Development Status Participation agreement | Total, Mitsui, and Mitsubishi Commentary Puebla + Refined fuels terminals Topolobampo Terminals³ GRO Expansion³ Expanding gas pipeline delivery to ECA LNG Phase 1+ Baja Delivering gas to Cameron LNG Phase 2 Commentary Exporting clean wind energy to U.S. | 300 MW CIP Expansion CLEAN POWER² 2 Cimarrón Volta de Mexicali • Exporting clean energy to U.S. (energy storage) | Up to 500 MW 1. 2. 34 The ability to complete major construction and development projects is subject to a number of risks and uncertainties. Projected nameplate capacity represents 100% of the project, not Sempra's ownership share. Capacities are illustrative and approximate. As these projects have taken FID, they are already reflected in financial plan. The current arrangements do not commit any party to enter into definitive contracts, which are subject to negotiation. COD targeted 2H-2022 Construction | COD targeted 1H-2024 Development Status Development Development SEMPRA 13#14Q2 SUSTAINABILITY HIGHLIGHTS • • Advancing the decarbonization, diversification, and digitalization of our energy networks Sempra Released 14th annual sustainability report describing our alignment with certain UN Sustainable Development Goals Updated long-term energy transition action plan Sempra California SDG&E Announced "Path to Net-Zero" decarbonization roadmap Launched digital mapping tool to advance fleet conversion to ZEVS SoCalGas Achieved 37% methane emissions reduction 1 Awarded $750,000 grant to develop renewable hydrogen from biogas Sempra Texas Oncor released sustainable financing framework Oncor released 2021 Corporate Sustainability Overview Oncor issued $400M of green bonds • Sempra Infrastructure Signed MOU with Entergy Texas to advance renewable energy + supply resiliency in Southeast Texas 2,3 Agreement signed with Total, Mitsui, and Mitsubishi to advance Hackberry CS, intended to sequester CO2 from Cameron LNG 3 Signed MOUS with Mexico's CFE to advance joint development of critical energy infrastructure projects in Mexico 2,3 1. 2. 3. Bloomberg Gender-Equality Index 2022 Member of Dow Jones Sustainability Indices Powered by the S&P Global CSA AMERICA'S MOST COMPANIES Forbes 2021 FORTUNE NACD NXT Ⓡ Amount approximated based on calculation of emissions through 2021 relative to 2015 baseline. The current arrangements do not commit any party to enter into definitive contracts, which are subject to negotiation. The ability to complete major development and construction projects is subject to a number of risks and uncertainties. THE WORLD'S MOST ADMIRED COMPANIES® 2022 Forbes 2022 THE BEST EMPLOYERS FOR DIVERSITY POWERED BY STATISTA SEMPRA 14#15UTILITY CUSTOMER BILLS' 75th Percentile 50th Percentile 25th Percentile U.S. Average Electric Bill² SDG&E 75th Percentile 50th Percentile 25th Percentile U.S. Average Natural Gas Bill³ SoCalGas + SDG&E Peer Range 75th Percentile 50th Percentile 25th Percentile Texas Average Wires Charges* Oncor 1. Refers to residential bills. 234 2. U.S. Energy Administration (Form EIA-861M) for January 2021 - December 2021; Top 100 IOU's by Total Sales. SEMPRA 3. 4. 2020 American Gas Association; Top 50 IOU's by Total Customers. SoCal Gas and SDG&E's average residential bills are $44.61 and $44.77, respectively. Based on 1,300 kWh monthly usage, wires charges include non-bypassable charges using IOU tariffs for retail delivery service effective 3/1/2022. 15#16APPENDIX II Business Unit Earnings SEMPRA™#17SEMPRA CALIFORNIA | SDG&E (Unaudited, dollars in millions) SDG&E GAAP Earnings Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 $ 176 $ 186 $ 410 $ 398 Q2-2022 earnings are lower than Q2-2021 earnings primarily due to: • $12M higher income tax expense primarily from flow-through items and lower associated regulatory revenues, and $9M higher interest expense, partially offset by $6M higher CPUC base operating margin, net of operating expenses, and $5M higher electric transmission margin SEMPRA 17#18SEMPRA CALIFORNIA | SOCALGAS (Unaudited, dollars in millions) SoCalGas GAAP Earnings Impacts Associated with Aliso Canyon Litigation¹ SoCalGas Adjusted Earnings² Q2-2022 adjusted earnings are higher than Q2-2021 earnings primarily due to: Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 $ 87 $ 94 $ 421 $ 501 32 98 $ 119 $ 94 $ 519 $ 501 • $30M higher CPUC base operating margin, net of operating expenses, partially offset by $4M lower income tax benefits primarily from flow-through items 1. Related to property developer claims, four of which were settled in Q1 2022. 2. See Appendix for information regarding Adjusted Earnings, which represents a non-GAAP financial measure. SEMPRA 18#19SEMPRA TEXAS UTILITIES (Unaudited, dollars in millions) Sempra Texas Utilities GAAP Earnings Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 $ 186 $ 138 $ 348 $ 273 Q2-2022 earnings are higher than Q2-2021 earnings primarily due to higher equity earnings from Oncor driven by: • Increased revenues from higher customer consumption, rate updates to reflect increases in invested capital, and customer growth, partially offset by Increased expenses and operating costs attributable to invested capital SEMPRA 19#20SEMPRA INFRASTRUCTURE (Unaudited, dollars in millions) Sempra Infrastructure GAAP Earnings Impact from Foreign Currency and Inflation on our Monetary Positions in Mexico and Associated Undesignated Derivatives Net Unrealized Losses on Commodity Derivatives Sempra Infrastructure Adjusted Earnings¹ Three months ended Six months ended June 30, June 30, 2022 2021 2022 2021 $ 183 $ 53 $ 278 $ 255 14 72 89 69 19 58 70 87 $ 216 $ 183 $ 437 $ 411 Q2-2022 adjusted earnings are higher than Q2-2021 adjusted earnings primarily due to: $33M higher earnings from asset and supply optimization primarily driven by changes in natural gas prices offset by lower volumes, • $16M higher equity earnings from Cameron LNG JV primarily from higher maintenance revenues, • $13M favorable U.S. tax impact from converting SI Partners from corporation to partnership in October 2021, • • • $11M higher transportation revenues primarily driven by higher rates, $8M higher earnings from the renewables business primarily due to renewable assets placed in service in January 2022 and higher transmission rates, and $7M primarily due to start of commercial operations of the Mexico City terminal in July 2021, partially offset by $61M higher earnings attributable to NCI consisting of 1) $54M increase as result of decrease in our ownership interest in SI Partners net of increase in our ownership interest in IEnova, and 2) $7M primarily due to increase in SI Partners subsidiaries' net income, $8M lower net income tax benefit primarily from remeasurement of certain deferred income taxes and outside basis differences in JV investments 1. See Appendix for information regarding Adjusted Earnings, which represents a non-GAAP financial measure. SEMPRA 20#21PARENT & OTHER (Unaudited, dollars in millions) Parent & Other GAAP Losses Impact from Foreign Currency and Inflation on our Monetary Positions in Mexico and Associated Undesignated Derivatives Deferred Income Tax Expense Associated with the Change in our Indefinite Reinvestment Assertion Related to the Sale of NCI to ADIA Earnings from Investment in RBS Sempra Commodities LLP Parent & Other Adjusted Losses¹ Three months ended June 30, Six months ended June 30, 2022 2021 2022 2021 $ (73) $ (47) $ (286) $ (129) 2 2 120 (50) (50) $ (71) $ (97) $ (164) $ (179) Q2-2022 adjusted losses are lower than Q2-2021 adjusted losses primarily due to: • $30M income tax benefit in 2022 from changes to valuation allowance against certain tax credit carryforwards, • $19M lower income tax expense from the interim period application of an annual forecasted consolidated effective tax rate, and $9M lower preferred dividends due to mandatory conversion of all series B preferred stock in July 2021, partially offset by $20M net investment losses in 2022 compared to $15M net investment gains in 2021 on dedicated assets in support of our employee nonqualified benefit plan and deferred compensation obligations 1. See Appendix for information regarding Adjusted Losses, which represents a non-GAAP financial measure. SEMPRA 21#22APPENDIX III Non-GAAP Financial Measures SEMPRA™#23ADJUSTED EARNINGS AND ADJUSTED EPS (UNAUDITED) Sempra Adjusted Earnings and Adjusted EPS exclude items (after the effects of income taxes and, if applicable, NCI) in 2022 and 2021 as follows: In the three months ended June 30, 2022: . $(32)M from impacts associated with Aliso Canyon natural gas storage facility litigation related to property developer claims at Southern California Gas Company (SoCalGas) $(16)M impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives $(19)M net unrealized losses on commodity derivatives In the three months ended June 30, 2021: $(72)M impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives $(58)M net unrealized losses on commodity derivatives $50M equity earnings from investment in RBS Sempra Commodities LLP, which represents a reduction to an estimate of our obligations to settle pending value added tax (VAT) matters and related legal costs at our equity method investment at Parent and other In the six months ended June 30, 2022: • $(98)M from impacts associated with Aliso Canyon natural gas storage facility litigation related to property developer claims, four out of five of which were settled in the first quarter of 2022, at SoCalGas $(91)M impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives • $(70)M net unrealized losses on commodity derivatives $(120)M deferred income tax expense associated with change in our indefinite reinvestment assertion as a result of progress in obtaining regulatory approvals necessary to close the sale of NCI to Abu Dhabi Investment Authority (ADIA) In the six months ended June 30, 2021: • • $(69)M impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives $(87)M net unrealized losses on commodity derivatives $50M equity earnings from investment in RBS Sempra Commodities LLP, which represents reduction to estimate of our obligations to settle pending VAT matters and related legal costs at our equity method investment at Parent and other Sempra Adjusted Earnings and Adjusted EPS are non-GAAP financial measures (GAAP represents generally accepted accounting principles in the United States of America). These non-GAAP financial measures exclude significant items that are generally not related to our ongoing business activities and/or are infrequent in nature. These non-GAAP financial measures also exclude the impact from foreign currency and inflation effects on our monetary positions in Mexico and associated undesignated derivatives and unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and future periods. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-GAAP financial measures to Sempra GAAP Earnings and GAAP EPS, which we consider to be the most directly comparable financial measures calculated in accordance with GAAP. SEMPRA 23#24ADJUSTED EARNINGS AND ADJUSTED EPS (UNAUDITED) (Dollars in millions, except per share amounts; shares in thousands) Sempra GAAP Earnings Excluded items: Impacts associated with Aliso Canyon litigation Impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives Net unrealized losses on commodity derivatives Earnings from investment in RBS Sempra Commodities LLP Sempra Adjusted Earnings Diluted EPS: Sempra GAAP Earnings Weighted-average common shares outstanding, diluted Sempra GAAP EPS Sempra Adjusted Earnings Weighted-average common shares outstanding, diluted Sempra Adjusted EPS Sempra GAAP Earnings Excluded items: Impacts associated with Aliso Canyon litigation Impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives Net unrealized losses on commodity derivatives Deferred income tax expense associated with the change in our indefinite reinvestment assertion related to the sale of NCI to ADIA Earnings from investment in RBS Sempra Commodities LLP Pretax amount Income tax (benefit) expense Non- controlling interests Three months ended June 30, 2022 Earnings $ 559 Income tax Pretax amount expense (benefit)¹ Non- controlling interests Three months ended June 30, 2021 Earnings $ 424 $ 45 $ (13) $ 32 $ $ - $ 4 14 18 (5) (2) 26 16 2 19 79 83 (22) (13) 72 1 58 (50) (50) $ 626 $ 504 $ 559 315,867 $ 1.77 $ 626 $ 315,867 1.98 Six months ended June 30, 2022 $ 1,171 $ 137 $ (39) $ 29 106 84 (25) 2 120 มอ $ 424 308,607 $ 1.37 $ 504 $ 308,607 1.63 Six months ended June 30, 2021 $ 1,298 98 $ $ 91 70 32 125 120 (50) $ 1,550 $ 41 (4) 69 (35) (3) 87 (50) $ 1,404 $ 1,298 306,284 $ 4.24 $ 1,404 19 $ 1,423 310,541 $ 4.58 -13% 7% Sempra Adjusted Earnings Diluted EPS: Sempra GAAP Earnings Weighted-average common shares outstanding, diluted Sempra GAAP EPS Sempra Adjusted Earnings Add back dividends for dilutive series B preferred stock Sempra Adjusted Earnings for Adjusted EPS Weighted-average common shares outstanding, diluted - Adjusted² Sempra Adjusted EPS Sempra GAAP Earnings CAGR (YTD 2022 to YTD 2021) Sempra Adjusted Earnings CAGR (YTD 2022 to YTD 2021) -10% 10% $ 1,171 316,647 $ 3.70 $ 1,550 $ 1,550 316,647 $ 4.90 Sempra GAAP EPS CAGR (YTD 2022 to YTD 2021) Sempra Adjusted EPS CAGR (YTD 2022 to YTD 2021) 1. Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We did not record an income tax expense for the equity earnings from our investment in RBS Sempra Commodities LLP because, even though a portion of the liabilities may be deductible under United Kingdom tax law, it is not probable that the deduction will reduce United Kingdom taxes. 2. In the six months ended June 30, 2021, because the assumed conversion of the series B preferred stock is dilutive for Adjusted Earnings, 4,257 series B preferred stock shares are added back to the denominator used to calculate Adjusted EPS. SEMPRA 24#25ADJUSTED EARNINGS (LOSSES) BY BUSINESS UNITS (UNAUDITED) 1 Three months ended June 30, 2022 (Dollars in millions) GAAP Earnings (Losses) Sempra Sempra SDG&E SoCalGas California Texas Utilities $ 176 $ Impacts associated with Aliso Canyon litigation, net of $13 income tax benefit 87 $ 32 263 $ 32 Sempra Infrastructure 186 $ Parent & Other 183 $ (73) $ Sempra Consolidated 559 32 32 Impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives, net of $14 income tax expense and ($2) for NCI 14 2 16 Net unrealized losses on commodity derivatives, net of $5 income tax benefit and $6 for NCI Adjusted Earnings (Losses) $ 176 $ 119 $ 295 $ 186 $ 19 216 $ 19 (71) $ 626 Three months ended June 30, 2021 SDG&E SoCalGas Sempra California Sempra Texas Utilities Sempra Infrastructure GAAP Earnings (Losses) $ 186 $ 94 $ 280 $ 138 $ Parent & Other 53 $ (47) $ Sempra Consolidated 424 Impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives, net of $83 income tax expense and ($13) for NCI Net unrealized losses on commodity derivatives, net of $22 income tax benefit and $1 for NCI Earnings from investment in RBS Sempra Commodities LLP Adjusted Earnings (Losses) 72 58 (50) (50) $ 186 $ 94 $ 280 $ 138 $ 183 $ (97) $ 504 72 58 GAAP Earnings (Losses). Impacts associated with Aliso Canyon litigation, net of $39 income tax benefit Six months ended June 30, 2022 SDG&E SoCalGas Sempra California Sempra Texas Utilities Sempra Infrastructure $ 410 $ 421 $ 98 831 $ 348 $ 278 $ Parent & Other (286) $ Sempra Consolidated 1,171 98 98 Impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives, net of $84 income tax expense and ($22) for NCI Net unrealized losses on commodity derivatives, net of $25 income tax benefit and ($11) for NCI Deferred income tax expense associated with the change in our indefinite reinvestment assertion related to the sale of NCI to ADIA 89 2 91 70 70 Adjusted Earnings (Losses) $ 410 $ 519 $ 929 $ 348 $ 437 $ 120 (164) $ 120 1,550 Six months ended June 30, 2021 SDG&E SoCalGas Sempra California GAAP Earnings (Losses) $ 398 $ 501 $ 899 $ Sempra Texas Utilities 273 $ Sempra Infrastructure Parent & Other 255 $ (129) $ Sempra Consolidated 1,298 Impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives, net of $41 income tax expense and ($4) for NCI Net unrealized losses on commodity derivatives, net of $35 income tax benefit and ($3) for NCI Earnings from investment in RBS Sempra Commodities LLP Adjusted Earnings (Losses) 69 87 69 87 (50) (50) $ 398 $ 501 $ 899 $ 273 $ 411 $ (179) $ 1,404 1. Except for adjustments that are solely income tax, income taxes on pretax amounts were primarily calculated based on applicable statutory tax rates. We did not record an income tax expense for the equity earnings from our investment in RBS Sempra Commodities LLP because, even though a portion of the liabilities may be deductible under United Kingdom tax law, it is not probable that the deduction will reduce United Kingdom taxes. SEMPRA 25#262022 ADJUSTED EPS GUIDANCE RANGE (UNAUDITED) Sempra 2022 Adjusted EPS Guidance Range of $8.10 to $8.70 excludes items (after the effects of income taxes and, if applicable, NCI) as follows: • • $(98)M from impacts associated with Aliso Canyon natural gas storage facility litigation related to property developer claims, four out of five of which were settled in the first quarter of 2022, at SoCalGas $(91)M impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives in the six months ended June 30, 2022 $(70)M net unrealized losses on commodity derivatives in the six months ended June 30, 2022 $(120)M deferred income tax expense associated with the change in our indefinite reinvestment assertion as a result of progress in obtaining regulatory approvals necessary to close the sale of NCI to ADIA Sempra 2022 Adjusted EPS Guidance is a non-GAAP financial measure. This non-GAAP financial measure excludes significant items that are generally not related to our ongoing business activities and/or infrequent in nature. This non-GAAP financial measure also excludes the impact from foreign currency and inflation effects on our monetary positions in Mexico and associated undesignated derivatives and unrealized gains and losses on commodity derivatives, which we expect to occur in future periods, and which can vary significantly from one period to the next. Exclusion of these items is useful to management and investors because it provides a meaningful comparison of the performance of Sempra's business operations to prior and future periods. Sempra 2022 Adjusted EPS Guidance Range should not be considered an alternative to Sempra 2022 GAAP EPS Guidance Range. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles Sempra 2022 Adjusted EPS Guidance Range to Sempra 2022 GAAP EPS Guidance Range, which we consider to be the most directly comparable financial measure calculated in accordance with GAAP. Full-Year 2022 Sempra GAAP EPS Guidance Range Excluded items: $ 6.90 to $ 7.50 Impacts associated with Aliso Canyon litigation 0.31 0.31 Impact from foreign currency and inflation on our monetary positions in Mexico and associated undesignated derivatives 0.29 0.29 Net unrealized losses on commodity derivatives 0.22 0.22 Deferred income tax expense associated with the change in our indefinite reinvestment assertion related to the sale of NCI to ADIA 0.38 0.38 Sempra Adjusted EPS Guidance Range Weighted-average common shares outstanding, diluted (millions) $ 8.10 to $ 8.70 317 SEMPRA 26#27APPENDIX IV Glossary SEMPRA™#28GLOSSARY ADIA BEA Bechtel Cameron LNG Partners CFE COD CPUC CS DCRF DOE EIA EPC EPS FEED FERC DEFINED TERMS Black Silverback ZC 2022 LP (assignee of Black River B 2017 Inc.), a wholly owned affiliate of Abu Dhabi Investment Authority Bureau of Economic Analysis Bechtel Oil, Gas and Chemicals, Inc. Total Energies, Mitsui, and a joint venture between Mitsubishi and NYK, Japan LNG Investment Comisión Federal de Electricidad (Mexico's Federal Electricity Commission) commercial operations date California Public Utilities Commission carbon sequestration distribution cost recovery factor U.S. Department of Energy Energy Information Administration engineering, procurement and construction earnings per common share front-end engineering design U.S. Federal Energy Regulatory Commission final investment decision generally accepted accounting principles in the United States of America general rate case FID GAAP GRC HOA Heads of Agreement IEnova INEOS IOU KKR kWh Infraestructura Energética Nova, S.A.P.I. de C.V. INEOS Energy Trading Ltd. investor-owned utility KKR Pinnacle Investor L.P. (as successor-in-interest to KKR Pinnacle Aggregator L.P.), an affiliate of Kohlberg Kravis Roberts & Co. L.P. kilowatt-hour SEMPRA 28#29GLOSSARY CONTINUED DEFINED TERMS LNG MOU Mtpa MW NCI NYK PGNiG PUCT ROE RWE SI SI Partners T+D TCOS ZEV liquefied natural gas Memorandum of Understanding million tonnes per annum megawatt noncontrolling interest Nippon Yusen Kabushiki Kaisha Polish Oil & Gas Company Public Utility Commission of Texas return on equity RWE Supply & Trading GmbH Sempra Infrastructure Sempra Infrastructure Partners, LP transmission and distribution transmission cost of service zero-emission vehicle SEMPRA 29