Credit Investor Presentation

Outlook for full year 2023 significantly raised on the back of strong H1 performance Group outlook FY 2023 (€ million) Divisional outlook FY 2023 - adj. EBITDA (€ million) Old Outlook New Outlook Old Outlook New Outlook Core adj. EBITDA 4,800 5,400 6,300-6,900 Offshore Wind 1,400 1,800 1,400 1,800 Adj. EBITDA RWE Group 5,800 - 6,400 7,100 - 7,700 Onshore Wind/Solar 1,100 1,500 1,100 1,500 Adj. depreciation -2,200 -2,100 Adj. EBIT 3,600 - 4,200 5,000 - 5,600 Core Hydro/Biomass/Gas 1,750 - 2,150 2,600 - 3,000 Adj. financial result -550 -550 Supply & Trading 300-600 significantly above 600 Adj. tax 20% 20% Adj. minorities -250 -250 Other/Consolidation ~ -200 ~ -200 Adj. net income 2,200 - 2,700 3,300 - 3,800 Coal/Nuclear 800 - 1,200 800 - 1,200 Dividend target (€/Share) 1.00 1.00 RWE August 2023 Credit Investor Presentation Page 38

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