AES Panama Investor Presentation

Mexico Central America & Caribbean (SBU) AES Competitive Advantage →> AES' MCA&C business unit has operations in Dominican Republic, El Salvador, Mexico, Panama and Puerto Rico →> Combining deep local insights, global presence, perspective and a relentless commitment to operational excellence, AES helps communities and countries grow through reliable and responsible electric power. Through knowledge transfer, MCA&C works, learns, improves and contributes to the AES Corp in every country Key Statistics AES Market Shares Country DR Share (%) (1) 20% El Salvador 71% Panama 41% Puerto Rico 11% Mexico (Self-Supply) 12% →> $884M in EBITDA for 2020 -> 18 Generation Units / 4 Distribution Companies -> 2 LNG Storage & Regassification Terminals Mexico, Central America & The Caribbean (MCA&C) SBU Overview Mesa La Paz Termoelectrica del Golfo (TEG) Termoelectrica del Peñoles (TEP) Installed Capacity Fuel Type 4,171 MW Mérida III DPP (Los Mina) Itabo Andres Geography 13% 33% 3 Generation ○ Distribution (3) Bosforo CLESA CAESS AES Nejapa DEUSEM EEO Bayasol Puerto Rico AES Ilumina Changuinola Penonome Colon Bayano Esti 'Los Valles La Estrella 30% 38% 19% 13% ■Renewables Coal Oil, Petcoke, Diesel ■ Gas 24% ■ Mexico ■Dom. Rep. 27% ■El Salvador ■ Panama Puerto Rico aes Source: AES DR (1) For DR, Panama, Puerto Rico and Mexico, market share represents total energy generated in GWh; for El Salvador it represents total energy distributed in GWh. (2) Adjusted PTC: represents pre-tax income from continuing operations attributable to AES excluding gains or losses of the consolidated entity due to (a) unrealized gains or losses related to derivative transactions, (b) unrealized foreign currency gains or losses, (c) gains or losses due to dispositions and acquisitions of business interests, (d) losses due to impairments, and (e) costs due to the early retirement of debt. (3) As of Dec. 2020, AES owns four distribution businesses in El Salvador serving -1.4 million customers. (4) Renewables includes: hydro, wind, solar, energy storage, biomass and landfill gas

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