Investor Presentaiton

Florida's GDP Growth... Real GDP: Percent Change at Annual Rate, 2022:Q4-2023:Q1 WA 3.2 MT ND NH 1.3 ME VT 0.5 1.6 6.0 12.4 OR MN 3.8 ID 2.2 SD WI 3.8 10.1 1.2 ž 13 MA 2.5 NY 1.3 WY RI 0.1 2.5 IA PA NV 5.4 54 NE CT 0.3 5.2 OH 1.9 12.3 NJ 1.0 IL IN 22 1.7 CA 57 UT 1.3 CO 0.2 1.0 WV DE 1.0 1.9 KS MO 0.2 MD 0.7 VA 1.0* 1.2 6.0 2.6 KY 3.0 DC 1.4 NC 1.0 TN 3.5 AZ OK NM AR 2.7 2.5 SC 2.8 0.2 1.0 AL MS GA 0.1 1.7 2.4 TX LA 3.0 1.4 Quintile percent changes AK 1.6 HI 3.2 FL 3.5 3.5% to 12.4% 2.5% to 3.5% 1.4% to 2.5% 1.0% to 1.4% 0.1% to 1.0% U.S. percent change = 2.0% In the 1st Quarter of 2023, Florida's real economic growth was ranked 11th in the nation with a 3.5 percent change at an annual rate. The United States as a whole had quarterly growth of 2.0 percent. U.S. Bureau of Economic Analysis According to the latest revised data, Florida's quarterly GDP movements have generally mirrored the nation as a whole since the beginning of the pandemic. Buffeted by a series of economic shocks, the state's GDP slumped -0.2 percent in Fiscal Year 2019-20, grew 4.0 percent in Fiscal Year 2020-21 and grew another 6.9 percent in Fiscal Year 2021-22. The Economic Estimating Conference anticipates that the state's economy expanded at a still healthy 3.0 percent in FY 2022-23, but will drop to a more characteristic 2.5 this year (Fiscal Year 2023-24) as economic imbalances continue to weigh on the economy. Thereafter, it will grow from 1.7 percent in Fiscal Year 2024-25 to 2.4 percent in Fiscal Year 2026-27. 2

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