Investor Presentaiton

Energy Context: Building regulatory frameworks to boost electrification RESULTS PRESENTATION / 2022 EU Promoting the development of more renewables to accelerate decarbonization and increase energy autonomy Reform of European Electricity market design (expected implementation in '25-'26) Creating incentives to long-term contracting (PPAs) Speeding up permitting processes and improving financing of green projects Net Zero Industry Act Improvements in Innovation Fund Supporting development and supply chains of green hydrogen and other green products Delegated Acts that set the criteria for labelling hydrogen as renewable IBERDROLA www.iberdrola.com |14

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