Investor Presentaiton

Income Statement / Group RESULTS PRESENTATION / 2022 EBITDA up 10%, to EUR 13,228 M, and Net Profit up 12%, to EUR 4,339 M... EUR M 2022 2021 % Revenues 53,949 39,113 +37.9 Gross Margin 20,199 17,062 +18.4 Net Operating Expenses -5,209 -4,227 +23.2 Levies -1,762 -829 +112.7 EBITDA 13,228 12,006 +10.2 EBIT 7,984 7,343 +8,7 Net Financial Expenses -1,838 -1,003 +83.2 Equity Results 74 -74 n.a. Taxes -1,161 -1,914 -39.3 Minorities -721 -467 +54.4 Net Profit FFO 4,339 3,885 +11.7 11,123 8,914 +24.8 IBERDROLA towards top end of Guidance after including tax on Revenues in Spain in 2023-2024 vs 2022-2023 119

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