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Investor Presentaiton

Lower revenues following RGRES sale partially compensated by cost economies... Operating revenues (RUB bn) -39% 52.7 2.7 Variable costs (RUB bn) -38% 31.7 enel Purchased power 19.6 Fuel 25 27.5 17.2 9M 2020 Fixed costs (RUB bn) -33% ■ Heat and other 9M 2019 14.3 32.0 ■ Capacity 2.3 10.5 ■ Electricity 35.8 19.1 9M 2019 9M 2020 8.1 ■ Overhead 0.8 5.4 ■ Personnel 2.9 0.6 2.0 ■ O&M not 2.2 manageable 1.7 2.2 ■ O&M manageable 8 1.2 9M 2019 9M 2020

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