The future is on

Entergy Corporation

Quarterly handout

February 27, 2023

Caution regarding forward-looking statements

In this presentation, and from time to time, Entergy Corporation makes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, among other things, statements regarding Entergy's current financial and operational outlooks and capital plan; industrial load growth outlooks; statements regarding its climate transition and resilience plans, goals, beliefs and expectations; and other statements of Entergy's plans, beliefs, or expectations included in this presentation. Readers are cautioned not to place undue reliance on these forward- looking statements, which apply only as of the date of this presentation. Except to the extent required by the federal securities laws, Entergy undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Forward-looking statements are subject to a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including (a) those factors discussed elsewhere in this presentation and in Entergy's most recent Annual Report on Form 10-K, any subsequent Quarterly Reports on Form 10-Q, and Entergy's other reports and filings made under the Securities Exchange Act of 1934; (b) uncertainties associated with (1) rate proceedings, formula rate plans, and other cost recovery mechanisms, including the risk that costs may not be recoverable to the extent or on the timeline anticipated by the utilities and (2) implementation of the ratemaking effects of changes in law; (c) uncertainties associated with (1) realizing the benefits of its resilience plan, including impacts of the frequency and intensity of future storms and storm paths, as well as the pace of project completion and (2) efforts to remediate the effects of major storms and recover related restoration costs; (d) risks associated with operating nuclear facilities, including plant relicensing, operating, and regulatory costs and risks; (e) changes in decommissioning trust fund values or earnings or in the timing or cost of decommissioning Entergy's nuclear plant sites; (f) legislative and regulatory actions and risks and uncertainties associated with claims or litigation by or against Entergy and its subsidiaries; (g) risks and uncertainties associated with executing on business strategies, including strategic transactions that Entergy or its subsidiaries may undertake and the risk that any such transaction may not be completed as and when expected and the risk that the anticipated benefits of the transaction may not be realized; (h) impacts from a terrorist attack, cybersecurity threats, data security breaches, or other attempts to disrupt Entergy's business or operations, and/or other catastrophic events; (i) the direct and indirect impacts of the COVID-19 pandemic on Entergy and its customers; and (j) effects on Entergy or its customer of (1) changes in federal, state, or local laws and regulations and other governmental actions or policies, including changes in monetary, fiscal, tax, environmental, or energy policies; (2) the effects of changes in commodity markets, capital markets, or economic conditions; and (3) the effects of technological change, including the costs, pace of development, and commercialization of new and emerging technologies.

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The future is on

Unique growth opportunity

Strong industrial sales opportunity driven by Gulf region advantages and our customers' decarbonization goals

Growing clean energy

To support customers' goals to reduce Scope 2 and Scope 1 emissions

Accelerated resilience

To reduce financial and business risks from storms

Affordability a priority

Actively pursuing actions to manage bills

2

Industrial customer base is healthy and growing

Clear line of sight to growth with a robust pipeline of projects

Cumulative industrial sales growth vs 2021, TWh

~6%

Industrial growth CAGR

25E vs 22

3

4

10

13

22

23E

24E

25E

3

As of February 2023

Gulf region remains a premier economic hub

Driving strong industrial growth

Illustrative

• New and expansion projects

Why the Gulf region is attractive

World-class infrastructure Favorable commodity spreads Workforce availability

Access to deep water ports and the Mississippi River

Emerging factors

Geopolitics and global energy security

Lower investment risk relative to the rest of the world

Low- /no-carbon energy infrastructure (CCUS and green / blue H2)

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Disclaimer

Entergy Corporation published this content on 28 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 February 2023 00:13:59 UTC.