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Investor Presentation

1Q23 Results Net Debt -3% YTD, with the €1bn Capital Increase being offset by €1bn Net Expansion Investments, Organic CF impacted by WC in Spain edp Renewables Net Debt Evolution from Dec-22 to Mar-23 (€bn) 4.9 €1.1bn Expansion Capex (€0.9bn Capex & €0.2bn PP&E) €0.1bn of Financial Investments and €0.2bn AR Proceeds 0.4 0.3 0.1 Mainly related to regulatory assets in Spain 1.0 10 1.0 0.1 Net Debt Dec22 EBITDA Interest Cost & Others¹ Change in Working Capital Net Expansion Investments Capital Increase Forex & Others 2.3x Organic Cash Flow Avg. Gross Debt €6.0bn in 1Q23 vs €5.1bn in 1Q22 1. Non-cash items, TEI Revenues, Debt Interest, Income Tax Paid and Minorities/Partnerships distributions LTM Net Debt/EBITDA -€0.1bn YTD 4.8 Net Debt Mar 23 2.2x 33
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