EDPR 9M21 Presentation

9M21 RESULTS

November 3rd, 2021

16:00 CET | 15:00 UK / Lisbon www.edpr.com

Disclaimer

This document has been prepared by EDP Renováveis, S.A. (the "Company") solely for use at the presentation to be made on this date and its purpose is merely of informative nature and, as such, it may be amended and supplemented and it should be read as a summary of the matters addressed or contained herein. By attending the meeting where this presentation is made, or by reading the presentation slides, you acknowledge and agree to be bound by the following limitations and restrictions.

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Forward-looking statements include statements regarding: objectives, goals, strategies, outlook and growth prospects; future plans, events or performance and potential for future growth; liquidity, capital resources and capital expenditures; economic outlook and industry trends; energy demand and supply; developments of the Company's markets; the impact of legal and regulatory initiatives; and the strength of the Company's competitors. The forward-looking statements in this presentation are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Important factors that may lead to significant differences between the actual results and the statements of expectations about future events or results include the company's business strategy, financial strategy, national and international economic conditions, technology, legal and regulatory conditions, public service industry developments, hydrological conditions, cost of raw materials, financial market conditions, uncertainty of the results of future operations, plans, objectives, expectations and intentions, among others. Such risks, uncertainties, contingencies and other important factors could cause the actual results, performance or achievements of the Company or industry results to differ materially from those results expressed or implied in this presentation by such forward-looking statements.

The information, opinions and forward-looking statements contained in this presentation speak only as at the date of this presentation, and are subject to change without notice unless required by applicable law. The Company and its respective directors, representatives, employees and/or advisors do not intend to, and expressly disclaim any duty, undertaking or obligation to, make or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this presentation to reflect any change in events, conditions or circumstances.

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Agenda

1. Update on strategy execution
2. 9M21 Results
3. Closing remarks

4Annex

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Update on strategy execution

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EDPR continues to ramp-up growth and establishes a growth platform in APAC, while increasing visibility on Asset Rotation

Growth

Value

Excellence

Accelerated and	Ongoing asset	High quality teams and
selective growth	rotation program	efficient operations

+2.5 GW added YoY, ramping up growth	€2.3bn of Asset rotation already signed	28% Load factorreflecting 95% of P50
13 GW installed and 2.7 GW U/C as of Sep-21	Attractive multiples of €1.6m/MW on avg.	low resource and one-off ERCOT event in 1Q

Establishment of a growth platform in APAC	~€550m AR proceeds and €151m gains	Adjusted Core Opex/MW -3% YoY
through Sunseap acquisition	following Mayflower €30m earn-out	Technical Availability of96.7%, slightly above YoY

8.1 GW secured and 4.1 GW of PPAs in negotiation	On track to deliver >€300m	ESG execution well on track with 5/5 goals within
focused on key markets while expanding geo footprint	capital gains in 2021	initiatives of Changing Tomorrow Now

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