Investor Presentaiton

ESG Strategy Cleco's Vision: Be the leading energy company in Louisiana . Environmental Vision to transition away from coal- fired and fossil fuel generation Coordinating Integrated Resource Plan with LPSC with potential for expanding renewable footprint Decarbonization Underway • • • • • Dolet Hills Power Station lignite plant slated to retire at year end 2021 Teche 3 slated to retire (1) Net zero carbon St. Mary Clean Energy Center plant online $7 MM in annual recoverable spending for the energy efficiency program Commitment to end solid fuel use at Cleco Cajun Big Cajun II Unit 1 by April 2025 Retired Cleco Cajun's Sterlington Plant year end 2020 Cleco's largest investor committed to managing portfolio companies to target net zero carbon emissions by 2040 CLECO 1) 2) 3) Connecting Louisiana's future. 4) Social Internal Initiatives . Strong talent development program aimed at organizational stability Diversity and Inclusion Council and an Employee Resource Group champion issues for under-represented groups Diversity Scholars and Power of a Promise scholarships educates and employs under-represented groups External Initiatives • Cleco continues to recruit from historically black colleges Long history of philanthropy and Louisiana economic development; $14 MM contributed since 2016 $1 MM contribution to Louisiana community colleges Top-quartile JD Power ranking(2) Annual review by GRESB(4) • • • • • Governance (3) Financial Code of Conduct applies to executive officer, financial officer, principal accounting officer, and treasurer Ethics, Conflict of Interest, and Related Polices applicable to all employees Boards of Managers has independent chair and compensation committee Enterprise Risk Management Policy drives recurring strategic review, evaluation, and ranking of risks Boards of Managers has dedicated ESG oversight responsibility Cybersecurity reviewed under DOE's Cybersecurity Capability Maturity Model Established ESG Steering Committee Cross functional team finalizing formal ESG strategy, including establishing emissions reductions targets and milestones; initial disclosure expected by year end Teche 3 slated to retire by year end 2022 Most recently ranked 5th in ranking of mid sized utilities, or top-quartile Cleco's Governance Guidelines, Code of Conduct, Ethics Guide, Conflicts of Interest and Related Policies, and the charters of the Boards of Managers' Audit, Leadership, Development and Compensation, Business Planning and Budget Review, Governance and Public Affairs, and Asset Management committees are available on Cleco's website Global Real Estate Sustainability Benchmark

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