Investor Presentaiton

ESG Strategy Vision is to be the Leading Energy Company in Louisiana • • • • • Environmental Vision to transition away from coal- fired and fossil fuel generation Coordinating Integrated Resource Plan with LPSC with potential for expanding renewable footprint Intent to retire Dolet Hills Power Station lignite plant at end of 2021 Net zero carbon St. Mary Clean Energy Center online $7 million in annual recoverable spending for the energy efficiency program Largest investor committed to managing portfolio companies to target net zero carbon emissions by 2040 • Social Near top-decile safety performance Strong talent development program aimed at organizational stability Diversity and Inclusion Council and an Employee Resource Group champion issues for under-represented groups Diversity Scholars Program and Power of a Promise Scholarship program educates and employs under- represented groups Continuing to recruit from historically black colleges Long history of philanthropy and Louisiana economic development; $14 million contributed since 2016 $1 million contribution to Louisiana community colleges Top-quartile JD Power ranking(¹) Annual review by GRESB(3) • • • Governance (2) Financial Code of Conduct applies to principal executive officer, financial officer, accounting officer, and treasurer Ethics, Conflict of Interest, and Related Policies applicable to all employees Boards of Managers has independent chair and compensation committee Risk Management Policy drives recurring strategic review, evaluation and ranking of risks Boards of Managers has dedicated ESG oversight responsibility Cybersecurity reviewed under DOE's Cybersecurity Capability Maturity Model Cross functional team finalizing formal ESG strategy, including establishing emissions reductions targets and milestones, for disclosure by year end Most recently ranked 5th in ranking of mid sized utilities, or top-quartile according to the JD Power 2020 Electric Utility Residential Customer Satisfaction Study Cleco's Governance Guidelines, Code of Conduct, Ethics Guide, Conflicts of Interest and Related Policies, and the charters of the Boards of Managers' Audit, Leadership, Development and Compensation, Business Planning and Budget Review, Governance and Public Affairs, and Asset Management committees are available on Cleco's website 1) 2) 3) Global Real Estate Sustainability Benchmark Connecting Louisiana's future. CLECO 8

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