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Investor Presentaiton

Extending EPS and Dividend Growth Targets Through 2026 ppl Projecting 6% - 8% annual earnings per share and dividend growth through at least 2026 Projected Earnings Per Share $1.48 7% Growth $1.58 6%-8% CAGR Projected Annualized Dividends Per Share 6%-8% CAGR $0.96 (3) 2022 Proforma 2023 2024 2025 2026 2023 2024 Midpoint(¹) Midpoint (2) Projecting predictable, stable annual EPS growth 2025 Dividend growth in line with EPS growth (1) PPL's 2022 pro forma earnings forecast range of $1.40 to $1.55 per share, with a midpoint of $1.48 per share, reflects a full year of earnings contributions from RIE. (2) Represents the midpoint of PPL's 2023 forecast range of $1.50 - $1.65 per share. (3) Annualized dividend based on announced expected increase. Actual dividends to be determined by Board of Directors. 2026 5
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