Investor Presentaiton

Investment Plan 2022 – 2025 - Investment plan of $3.5b focused on T&D infrastructure $948 $896 $33 $36 $835 $32 $779 $31 $426 $425 $55 $381 $299 $50 $80 $65 (in millions) $433 $355 $307 $323 $358 $360 $399 $383 2022 2023 2024 2025 PNM T&D PNM Generation TNMP IT Depreciation PNM②Resources 6 Note: Amounts may not visually add due to rounding

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