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Investor Presentaiton

AES ARGENTINA FINANCIALS DIVERSIFIED CASH FLOW GENERATION EBITDA | EBITDA MARGIN (mn$) CAPEX (mn$) 179 173 137 142 123 53.4% 116 Growth Manteinance 37.7% 102 35.1% 165 49.1% 44.1% 58 16 86 23 36 5 22 8 16 2 14 18 2018 2019 2020 2021 LTM 1Q22 2018 2019 2020 2021 LTM 1Q22 EBITDA + FONI COLLECTIONS (mn$) 191 75 196 190 169 186 73 49 48 53 179 123 137 142 116 2018 NET DEBT (mn$) | ADJ EBITDA* / NET DEBT $327 $337 $282 $273 9 $129 2.0x 1.7x 1.5x 1.4x 0.5x 2019 2020 2021 LTM 1Q22 2018 2019 2020 2021 1Q 2022 FONI Collections EBITDA aes Figures as of March 31, 2022. * Adjusted EBITDA = EBITDA + FONI collections
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