CEZ Group Energy Transformation and Financial Results

UNDER THE CURRENT STRATEGY WE ARE ACCELERATING DEVELOPMENT. WE WANT TO ACHIEVE 40% INCREASE IN EBITDA BY 2030 ON COMPARABLE POWER PRICES Vision 2030 CLEAN ENERGY OF TOMORROW EBITDA* of CEZ Group Existing assets in CZK billion +40% 100 80-85 | Decarbonize generation portfolio and reach carbon neutrality 80 65-70 58 60 40 || Provide best energy solutions and highest quality customer experience on the market 20 0 * ** 2020 Annual Capex** CZK billion, avg ~48 2021-25 2025 2030 Wholesale electricity prices Π EUR/MWh 50-55 51 ~51 ~ 57 2026-30 2020 2025 2030 33 Assuming forward power prices from March-2021, which were escalated; carbon allowance price assumption for 2020: 25 EUR/t; 2025: 41 EUR/t; 2030: 46 EUR/t, Capex and financial investments

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