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Investor Presentaiton

AES Argentina Financials Diversified Cash Flow Generation Adjusted EBITDA (mns) NET DEBT (mns) | ADJ EBITDA* / NET DEBT 254 196 75 186 169 153 161 327 337 282 290 238 73 49 53 47 47 129 2.0x 179 1.7x 1.8x 123 137 116 106 114 1.5x 1.6x 0.5x 2018 2019 2020 2021 2022 LTM 1Q23 2018 2019 2020 2021 2022 LTM 1Q23 FONINVEMEN Collections EBITDA 9 Adjusted EBITDA | US$ vs AR$ (mn$) CAPEX (mn$) 254 172 196 186 169 153 161 102 Growth Manteinance 104 165 254 95 70 83 58 196 86 16 19 36 74 82 83 78 22 8 16 2 3 21 1 14 16 20 2018 2019 2020 2021 2022 LTM 1Q23 2018 2019 2020 2021 2022 LTM 1Q23 US$ Linked AR$ aes Figures as of March 31, 2023 * Adjusted EBITDA = EBITDA + FONINVEMEN collections
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