The New Iberdrola in Mexico

Financial impact (e) Gross cash proceeds 2 6 Bn USD EBITDA (assets contribution 20231) Net Profit (assets contribution 20231- lower financial expenses) Capital gains - 550 M USD - 90 M USD Pending on final structuring of the transaction FFO/Net Debt² 50 bp improvement on 2023 FFO/Net Debt ratio Net debt/EBITDA² 0,20x improvement on 2023 Net Debt/EBITDA ratio 1. Expected contribution of the assets sold within the transaction perimeter 5 2. Assumes closing at year end 2023. Including PNM transaction IBERDROLA Expected impact date 2023 Pending accounting analysis 2024 2023

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