Credit Investor Presentation

AMP7 totex allowance increased from draft determination £5.8bn AMP7 totex allowance AMP7 net totex allowances (£m) £5,564m £508m £5,056m Wholesale Draft Determination Retail £5,798m £475m £ £5,323m Final Determination Final determination allowance was £234m higher than draft determination سا 50:50 customer sharing ratio Weighted average PAYG of 59.6% - aligned to the natural rate £57m HARP allowance and £44m for strategic water resource development Exiting AMP6 at the required totex run rate United Utilities • Credit Investor presentation • 26

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