The New Iberdrola in Mexico

Transaction overview Portfolio of assets with a total installed capacity of 8,539 MW including 12 combined cycles and 1 wind farm Transaction meets both parties' strategic objectives Government: National energy policy targets Iberdrola: Focus in Renewables and clients ~7,400 MW (87% of the total) contracted with CFE¹ (PIE), under concession renewal ~5,000 MW (c.60% of the total) with already >16 years in operation 4 assets (~1,400 MW) stopped due to open litigations with regulatory bodies, transferred with the assets Fair price: EV/EBITDA 2023E 11.0x Baja California 8 Nuevo León 11 1 9 5 4 Sinaloa Durango Tamaulipas San Luis Potosí 13 Оахаса 10 3 1. Mexican state-owned company IBERDROLA

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