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Investor Presentaiton

2022 Adjusted EPS Guidance¹ = $3.50 to $3.60 ~90% of Projected Earnings from Premier State-Regulated Electric and Gas Franchises $0.05 $0.34 All Other ($0.46) $3.60 to Parent LDCs $0.44 $3.50 Electrics $3.18 Energy Infrastructure under long-term contracts² State-Regulated Utilities Q1 2022 EPS Estimate¹ = 90¢ 1 Excludes any further charges associated with the construction of Plant Vogtle 3 and 4, charges (net of salvage proceeds), associated legal expenses (net of insurance proceeds), and tax impacts from the abandonment and closure activities associated with the mine and gasifier-related portions of the Kemper IGCC, acquisition and disposition impacts, future asset impairment charges and/or additional costs associated with the extinguishment of debt at Southern Company and its non-state regulated subsidiaries. 2 Includes Southern Power, interstate natural gas pipelines, and Southern Company system-owned distributed energy resources 16
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