AES Panama Investor Presentation

2.5 Energy Demand Fueled by Diversified Matrix Resource Availability Correlation -Hydro -Solar Wind Highlights -> AES is building a complete generation platform: Gas + Hydro + Renewables Hydro power plants and Colón are base load and collectively provide a continuous supply of electricity throughout the year →> Hydrology risk mitigated by AES Colón, Penonomé land upcoming renewable assets -> LNG terminal improves thermal plant efficiency and provides upside potential 0 0 10 20 20 9 30 40 50 60 70 80 90 100 110 120 130 140 150 160 170 180 190 Growth with a Diversified Portfolio +160 MW in Pipeline 55 1,141 705 381 MW ■ Wind ■ Solar ■Storage ■ Hydro ■LNG 55 140 20 381 2021 2025 1,301 MW 705 aes

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