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Investor Presentaiton

A balanced financial plan while transforming and preparing the next growth cycle 2023-25 Sources & Uses (€ bn) 6 4 2 8 OCF Sources Minorities Interests + Leases Net capex Upstream Industrial & Midstream Commercial Renewables & NB c.€2.0 bn OCF in 2024 >70% of capex allocated to growth and transformational projects Buybacks Base dividend c.€1.0 bn p.a Net capex in 2023-25 Ensuring robust financial position with Net debt/Ebitda to stay <1x Uses Note: For macro assumptions please see the Appendix. Investor Presentation 1/3 of OCF Cash dividends + buybacks Predictable & competitive shareholders distributions covered by cash generation galp

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