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Investor Presentaiton

Commitment to ESG Strategy Environmental iMi Social Governance Industry-leadings goals: Emissions-free by 2040 reflects full elimination of carbon from generation . • 90% reduction in freshwater usage by 2040 Significant reductions in emissions and freshwater usage achieved 2005-2021 through investments and retirements ✓ Infrastructure investment to support rapid growth in owned and purchased renewable resources delivered to customers ✓ Hiring, training, retention ☑ 8 of 9 Board members are and engagement programs for our diverse workforce (52% minority), focus on safety and company culture Diversity and inclusion supported in communities, tribal relationships fostered through meaningful partnerships Transition to clean energy includes support for employees and communities independent, 7 years average tenure ✓ Diverse Board composition (40% women/20% minorities) 78% Board members have environmental / sustainability expertise Robust top-down ethics program with organization-wide commitment PNM②Resources 5
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