Investor Presentaiton

Executing an Industrial transformation whilst operating at full availability in 2024 2024 refining to benefit from increased flexibility and normalised operations vs 2023 >80 mboe Raw materials processed c.$8/boe Refining margin forecast Flexibility Crude conversion & bios co-processing c. $3/boe Refining cash costs ET 20 Investor Presentation Green hydrogen project Advanced Biofuels Unit Large scale industrial projects under construction with first start up in 2025 270 ktpa HVO/SAF unit capacity¹ 100 MW c.€550m Electrolysers for green hydrogen production Total capex¹ to Galp in 2023-25 1 Advanced biofuels unit developed in partnership with Mitsui (75/25 - Galp / Mitsui). galp

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