1st Quarter Investor Update

Projecting 6% to 8% Earnings and Dividend Growth Through at Least 2026 Projected Earnings Per Share Projected Annualized Dividends Per Share (2) $1.58 2023 Midpoint(¹) 2024 2025 6%-8% CAGR $0.96 (2) 2026 2023 2024 Projecting predictable, stable annual EPS growth (1) Represents the midpoint of PPL's 2023 ongoing earnings forecast range of $1.50 - $1.65 per share. (2) Actual dividends to be determined by Board of Directors. Annualized 2023 dividend based on February 17, 2023 dividend declaration by Board of Directors. 2025 Dividend growth in line with EPS growth ppl 6%-8% CAGR 2026 15

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