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Investor Presentaiton

We will deliver superior value, while keeping a solid balance sheet and low-risk profile edp 2020 2023 2025 CAPEX¹, € Bn/yr Step-up investment plan with 3.7 4.5 4.6 ↑ +1 Bn 2025 vs. 20 renewables focus EBITDA², € Bn Increased results with distinctive 3.5 4.2 4.7 energy transition profile Net income², € Bn 0.8 1.0 1.2 Earnings acceleration FFO/ Net Debt³, % ~ 19% ~20% ~21% Achieve BBB rating in the short term 1. Including financial investments 2. 3. EBITDA and Net Income adjusted by disposed portfolios in 2020 (6 hydro plants, B2C portfolio and 2 CCGTS in Spain); CESE at net income level as recurring cost FFO/ND formula consistent with rating agencies methodologies, considering EDP definition of EBITDA Recurring Note: Recurring EBITDA and Net income Investor presentation 13 ↑ +6% CAGR 2020-25 ↑ +8% CAGR 2020-25 ↑ +2 pp 2025 vs. 20
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