Investors' Presentation

Revenues -5% YoY due to sell-downs (+2% like for like), lower avg. price of €51/MWh & unfavourable FX, partially offset by new capacity EDPR Avg. Selling Price (€/MWh) Revenues (€ million) edp renewables 54.7 -6% -2% adjusted(2) 51.2 9M21 A YOY (1) + €73.8 -10% $45.6 +1% R$239 +9% 9M20 9M21 Increasingly competitive portfolio with new additions driving lower prices; Spain impacted by asset mix and impact of regulatory and financial hedges, given high pool prices 1. Calculated in local currency 2. Adjusted by Sell-down, forex and ERCOT event Main drivers -5% 1,259 +2% ex Sell-down 1.192 9M20 9M21 +€118m YOY -€12m YOY -€92m YOY -€27m YOY -€54m YOY MW additions Resource Sell-down Avg. Price (ex Sell-down) Fx & Others 38

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