Investor Presentaiton

2.3 Organic growth driving value creation Substantial capex historically and going forward Strong organic RAB growth Total investment of €6.9 billion 1,212 1,127 1,128 1,053 967 489 491 851 481 716 Planned investment of €9.6 billion Elia Belgium: €4.0 billion 50Hertz: €5.6 billion 9.7 9.1 8.3 elia group +6.19% 10.3 4.9 4.6 4.3 4.9 4.1 4.8 4.3 4.3 637 724 486 337 377 2018 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Adj. opening RAB 2019 (*) 50Hz Elia Belgium RAB 50Hz (80%) (*) Composition of the RAB 50Hertz has been changed in 2019 to exclude the EEG and similar surcharges from the RAB. (**) RAB for Nemo link amounts to €292 million. 2019 57 5.4 5.1 2020 2021 RAB Elia Belgium (excl. Nemo Link**) 24

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