EDP Energias de Portugal S A : Results Presentation 2021

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2021 Results

2

Delivery of 2021 financial guidance supported by value accretive growth aligned with the Energy Transition

Main Targets Delivered

	Guidance 2021	2021 Figures(1)	YoY
Recurring	~€3.7 Bn	€3,735m	+7%
EBITDA
Recurring	>€800m	€826m	+6%
Net Profit
Net Debt	~€11.0-11.5 Bn	€11,565m(2)	-6%

Dividend	€0.19/Share(3) flat YoY

Highlights

Good performance in RES (+2.6GW, strong asset rotation)

Strong results in Networks, both in Iberia and Brazil

• Weak EM, negative mark-to- market to be recovered in the next years

(1) 2020 recurring EBITDA & Net Profit, adjusted for the two disposals closed in December 2020, 6 hydro plants in Portugal and 2 CCGTs and B2C portfolio in Spain, for comparison going forward | (2) €11.2bn	2021 Results	3
pro-forma Net debt including equity proceeds of €365m from the Portuguese Asset rotation transaction cashed in January 2022 | (3) To be proposed, subject to shareholders approval in the General Shareholders

Meeting |

Strategic commitments on track as we step up to the challenge to deliver superior value creation in a challenging context

2021 Execution

2021-2025 Target

Accelerated and

sustainable growth

8.4 GW of secured renewable capacity (2.6 GW added, 1.8 GW U/C)

Asset rotation(1): ~€2.8 Bn proceeds

agreed; €0.6 Bn gains in 2021

€0.75 Bn CAPEX in Electricity Networks

€1.5 Bn EDPR capital increase(2); rating upgrades; FFO/Net debt of 21%

€2 Bn Green Hybrid bonds issued @ <1.9% green funding 39%

42% 20 GW of gross additions 2021-25

35%	~8Bn proceeds 2021-2025;
avg. €0.3bn gains/year
22% €3.4 Bn CAPEX 2021-2025
	Solid Balance sheet
	>20% FFO/Net debt in the short term
	50% competitive green funding by 2025

ESG excellence and attractive returns

75% share of Renewables Generation in 2021 (vs. 74% in 2020)

Global leader in DJ Sustainability Index & inclusion in S&P Global Clean Energy

Green leadership positioning

Reference in ESG

(1) Includes Asset rotations transactions carried in Brazil | (2) Accelerated Book Building

2021 Results

4

Renewables

We extended our renewables global presence, +12 markets, a new APAC platform, sizeable additions in solar & off-shore technologies

Accelerated and

sustainable growth

We have been expanding our renewable footprint to 21GW(2) …

Europe

	11.3
	GW
North	APAC(1)
America
7.0	0.6
GW
GW
	South
	America
	2.9
	GW

Capacity Installed (GW)

Current EDP presence

Sunseap Capacity (GW)

…focused on geographic & technology diversification

Record wind and solar additions of 2.6 GW in 2021

+12(3) new markets including the established growth platform in APAC

1.8 GW added in 2021

Wind Onshore	Expansion to UK, Hungary & Chile
	0.5 GW added in 2021
Solar	Expansion to Asian Pacific markets
	OW 1.5 GW of gross operating capacity
Wind Offshore	Awarded projects in US, UK, PL & S. Korea

(1) Pending Sunseap regulatory Approvals | (2) EBITDA + Equity GW as of Dec-21 | (3) New markets include Hungary, Chile, Vietnam , Korea, Singapore, Thailand, Indonesia,
Malaysia, Cambodia, China, Japan and Taiwan.	2021 Results	5