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Investor Presentaiton

ppl 2022 Year in Review Delivering value for our customers and shareowners ✓ Completed acquisition of Rhode Island Energy and the strategic repositioning of PPL ■ Positioned company to deliver top-tier earnings and dividend growth ■ Established one of the best credit profiles in the utility sector ✓ Delivered 2022 ongoing EPS of $1.41 per share, beating our forecast midpoint ✓ Developed key investment strategies necessary to enable the utilities of the future and maximize value for customers ■ A balanced, cost-effective generation replacement strategy in Kentucky that will provide safe, reliable, affordable and sustainable energy ■ Advanced Metering, Grid Modernization, and Infrastructure, Safety and Reliability plans in Rhode Island ✓ Advanced strategic partnerships to support additional growth opportunities (4) ■ Executed Memorandum of Understanding with Elia Group subsidiary to explore offshore transmission solutions in New England Note: See Appendix for the reconciliation of reported earnings to earnings from ongoing operations. (1) Growth opportunities related to these partnerships not included in current capital plan. (2) SAIFI: System Average Interruption Frequency Index. The average number of interruptions that a customer experiences over a specific period for each customer served. Excludes Rhode Island Energy, which was acquired in May 2022. (3) For PPL Electric Utilities and Kentucky Utilities, based on 2022 J.D. Power Customer Satisfaction Studies. 費 Ranked Top Quartile in Reliability (SAIFI) B (2) Ranked Top Quartile in Customer Satisfaction (3) Recognized leader in safety, technology, and innovation 4
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