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Investor Presentaiton

En+ GROUP BUSINESS REVIEW En+ Group Annual Report 2021 STRATEGIC REPORT CORPORATE GOVERNANCE The Group will improve the reliability and safety of 33.7% of total CHP capacity CHP modernisation programme The Group participated in the state programmes for CHP modernisation, providing us with a guaranteed return on investment. The Capacity Allocation Contracts (CAC) will be signed between buyers, market regulator (ATS) and generating companies in the wholesale market, setting the key criteria for modernisation, parameters of capacity supply after the modernisation and return on investment. Through this programme the Group will improve the reliability and safety of 1,445 MW of its CHP capacity (33.7% of total CHP capacity). Total expected CAPEX for CHPS is USD 266 million¹ (RUB 19.7 billion) in 2020-2026. The current approved generating facilities should be completed and launched by 2026, with the project's internal rate of return at around 14%. In 2021, the Company delivered equipment and started construction and installation work under the CAC projects at CHP-6 in Bratsk and, at Novo-Irkutsk CHP, equipment was supplied to replace three turbo generators for CHP-10. In 2022, the Company is planning to complete the replacement of the main equipment at CHP-6 in Bratsk and at the Novo-Irkutsk CHP. Small HPP project As part of the state programme backed by the CAC mechanism for renewable projects, En+ Group is implementing the small-scale Segozerskaya HPP (8.1 MW) in Karelia (Russia). Total expected CAPEX for small HPP construction is approximately USD 22 million (RUB 1.6 billion). In 2021, the Group completed preparatory work at the construction site and began construction and installation work on the Segozerskaya HPP, and in 2022, the Company is planning to complete construction work, supply and installation of three turbine units. En+ Group has formed a portfolio of projects with a total installed capacity of about 200 MW. Depending on the results of the project feasibility studies, a decision will be made on when these projects will be implemented. Assets overview HYDROPOWER PLANTS Irkutsk HPP Bratsk HPP ° ° Location Russia (Irkutsk Region) Installed capacity 2020 production 2021 production Russia (Irkutsk Region) Russia (Irkutsk Region) 687.1 MW 4,500 MW Ust-Ilimsk HPP Russia (Irkutsk Region) 3,840 MW Krasnoyarsk HPP Russia (Krasnoyarsk Territory) 6,000 MW 4.1 TWh 22.4 TWh 20.8 TWh 22.0 TWh 4.8 TWh 28.5 TWh 19.6 TWh 24.7 TWh COMBINED HEAT AND POWER PLANTS CHP-10 Russia (Irkutsk Region) Electricity • Heat 1,110 MW 563 Gcal/h 3.1 TWh 0.4 mn Gcal 3.0 TWh 0.3 mn Gcal CHP-9 Electricity 540.0 MW • Heat 2 401.8 Gcal/h 1.9 TWh 6.0 mn Gcal 1.8 TWh 6.2 mn Gcal Novo-Irkutsk CHP Russia (Irkutsk Region) • Electricity Heat 726 MW 2,075.8 Gcal/h 2.7 TWh 5.5 mn Gcal 2.7 TWh 5.8 mn Gcal Ust-Ilimsk CHP Russia (Irkutsk Region) Electricity . Heat 515 MW 1,015.0 Gcal/h 0.7 TWh 1.6 mn Gcal 0.8 TWh 1.8 mn Gcal CHP-11 Russia (Irkutsk Region) Electricity ° Heat 0.5 TWh 1.0 mn Gcal • • 320.3 MW 1,056.9 Gcal/h 0.7 TWh 0.9 mn Gcal Russia (Irkutsk Region) 44 Segozerskaya HPP project CHP-6 • Electricity . Heat 282 MW 2,071.2 Gcal/h 0.7 TWh 3.6 mn Gcal • Novo-Ziminskaya CHP Electricity Russia (Irkutsk Region) • Heat 260 MW 818.7 Gcal/h 1.1 TWh 1.5 mn Gcal Avtozavodskaya CHP Electricity Russia (Nizhny Novgorod Region) Heat SOLAR POWER PLANT Abakan solar power plant OTHER ASSETS Russia (Republic of Khakassia) . Electricity • Heat 1. Calculated based on USD/RUB exchange rate of 74.29 as at 31 December 2021. 0.7 TWh 3.7 mn Gcal 1.1 TWh 1.6 mn Gcal 480 MW 2,172.0 Gcal/h 1.7 TWh 3.3 mn Gcal 1.8 TWh 3.7 mn Gcal FINANCIAL STATEMENTS 5.2 MW 5.5 mn kWh 6.1 mn kWh 142.4 MW 2,802.9 Gcal/h Other assets include Onda HPP and small scale generators and heat producers. 0.8 TWh 4.2 mn Gcal 0.7 TWh 4.5 mn Gcal APPENDICES 45
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