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Investor Presentaiton

28 What Investors Can Expect From Us Moving Forward 1 Strong EPS growth off 2022 2 Managing capital plan to support customer growth, reliability and clean transition 3 Steady rate base growth 4 Limiting equity dilution 5 Declining O&M per kWh 6 Dividend growth commitment 7 Optimize our balance sheet in support of investment PINNACLE WEST CAPITAL CORPORATION

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