Investor Presentation

Net Debt mostly flat YTD, capex growth and temporary higher working capital offset by EDPR capital increase and hybrid bond issuances edp Change in Net Debt € Bn +€2.3Bn Gross Expansion Investments -€0.6Bn proceeds AR 1.7 +€0.4Bn WC on fixed asset suppliers 2.4 12.2 0.7 0.3 Penalized by higher working capital +€0.5Bn -€1.5Bn EDPR Capital Increase -€1Bn 50% Hybrid +€0.2Bn Forex 12.1 0.2 Net Debt Dec-20 Organic Cash Flow Dividend Net Expansion Investment Capital Reinforcement FX and Others Net Debt Set-21 FFO/Net Debt¹ ~19% (1) FFO/ND formula consistent with rating agencies methodologies, considering EDP definition of EBITDA Recurring, ~18% Investor presentation 17

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