Investor Presentaiton

2.2 Mature and transparent regulations allow sustainable returns elia group Current Framework New Framework RAB Regulatory (FY21) framework Drivers Period Visibility Period Visibility Draft tariff elia €5.4bn Cost+ model Investment Incentives 2020-2023 2y 2024-2027 methodology published 50hertz €4.9bn1 Revenue cap (Onshore), Cost+ model (Offshore) Regulatory Investment Efficiency return on 2019-2023 2y 2024-2028 equity published N nemolink n.a.2 Revenue- based (cap & floor) UK/BE market price difference x volume 2019-2044 23y n.a. n.a. 1. Represents 80% of 50Hertz. 2. RAB for Nemo Link amounts to €292m, but asset is not subject to RAB regulatory model. 19 19

View entire presentation