Investor Presentaiton

AES Argentina Foninvemem Program Overview Fund Summary FONINVEMEM I & FONINVEMEM II FONINVEMEM III AAG has an outstanding US$128mm in CAMMESA receivables in FONINVEMEM III fund, while FONINVEMEM I and II funds were fully repaid. AAG will hold minority equity interest in three operational power plants upon repayment of the receivables ▸ As a result of energy market reforms and overdue account receivables, AAG contributed certain receivables from 2004-2013 to fund the construction of new power plants ▸ The program works as a compulsory financing mechanism for power additions, as it capitalizes CAMMESA's commercial debt with generators ▸ These receivables accrue interests and are collected in monthly instalments over 10 years once the related plants begin operations Three funds were created to build three plants ▸ The plants are operated by SPVS controlled by the GenCos that contributed receivables to the funds. ▸ AAG will receive a pro rata ownership in the plants once the receivables are repaid. PLANT Manuel Belgrano San Martín Guillermo Brown DESCRIPTION 868 MW Combined Cycle 865 MW Combined Cycle 578 MW Open Cycle COD January 2010 February 2010 October 2016 RECEIVABLES ACCRUED IN AES EQUITY INTEREST PAYMENT SCHEDULE 2004-2006 7% 2007 6% 120 monthly installments 2008-2013 30%(1) FINAL MATURITY January 2020 February 2020 April 2026 INTEREST RATE LIBOR + 1% LIBOR + 2% OUTSTANDING LIBOR + 5% US$128mm Figures as of September 30, 2022 (1) Estimated percentage ownership upon full repayment of the respective FONINVEMEM receivables and transfer of trust assets to the O&M SPVS 26 aes

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