September 2022 - Strategy and Outlook

Renewables: highly valuable portfolio built through selective transactions and organic growth Te TotalEnergies adani Renewables India 20% in 2021 2 B$ paid in 2021 worth ~10 B$* Clearway TOTAL eren USA 50% in 2022 Worldwide Option to acquire 100% in 2023 1.6 B$ cash payment while leveraging partial sale of Sunpower → 9x EBITDA net valuation for the 2 listed entities Exercising call option at multiples negotiated in 2016 re Worldwide Organic platform > 10% ROE after financing and farm-down TotalEnergies Electricity & Renewables *Based on share price as of end of August, 2022 September 2022 - Strategy and Outlook 37

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