Investors' Presentation

Results mostly impacted by lower capital gains YoY, Q1 one-off ERCOT event and lower generation in US and Spain 9M21 Key Figures Highlights edp renewables EBITDA €917m -15% YoY Net Profit €148m -54% YoY Net Debt ΤΕΙ €3.32bn -€0.1bn vs Dec-20 €1.46bn +€0.3bn vs Dec-20 Clean generation of 21.5 TWh, up +5% YoY Gains of €151m (1) at EBITDA (YoY -€49m) and €122m at Net profit (YoY -€59m) Improvement of avg. cost of debt 3.4% vs 3.5% (-0.2pp YoY) Capital increase of €1.5bn, TE proceeds of €0.6bn and AR proceeds of €0.55bn, with several AR transactions to be closed in the following months Q1 one-off ERCOT event impact of -€35m on EBITDA and -€26m on Net profit Below average wind resource, in particular in US and in Spain Spain impacted by regulatory and financial hedges, given high pool prices P&L Tax -€32m YoY, bulk is non-cash and offset by €17m US R&D Tax credit 1. Gains of €151m in 9M21 include i) €104m from Jun-21 US asset rotation deal, ii) €16m contingent price review of Offshore France sell-down transactions iii) €2m price adjustment of Rosewater B&T and iiii) €30m from Mayflower earn-out 36

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