Slide 1: Results Presentation 9M25
Slide 2: Disclaimer
Disclaimer This document has been prepared by EDP, S.A. (the "Company") solely for use at the Forward-looking statements include statements regarding: objectives, goals, strategies, presentation to be made on this date and its purpose is merely of informative nature and, as outlook and growth prospe
Slide 3: 9M25 results: Net Profit underlying +5%, reflecting solid RES execution
9M25 results: Net Profit underlying +5%, reflecting solid RES execution and resilient electricity networks 9M25 Main Highlights 9M25 Financial Performance Wind & Solar underlying1 EBITDA +21% YoY, on the back of with 19.8 GW of installed capacity and generation +14% YoY Recurring YoY Underlying1 EBI
Slide 4: 9M25 Results
9M25 Results
Slide 5: Underlying EBITDA of €3.7 Bn, +2% YoY, backed by improved Wind & Solar performance
Underlying EBITDA of €3.7 Bn, +2% YoY, backed by improved Wind & Solar performance Recurring EBITDA1 ,€m YoY growth, % ∆ YoY -4% • Integrated business in Iberia with lower hydro 3,879 Underlying2 3,741 -€198m Hydro, volumes and higher gas sourcing costs in Clients and EM 9M25 (vs. extraordinary 9M24
Slide 6: Wind & Solar Recurring underlying EBITDA +21% YoY
Wind & Solar Recurring underlying EBITDA +21% YoY, reflecting generation step up, after 2024 record capacity additions Wind & Solar Recurring EBITDA €m YoY growth, % Underlying1 9M24 9M25 YoY ∆ YoY +21% Renewable Index Generation % 98% 96% (2pp) +9% Electricity Generation TWh 26.5 30.2 +14% Ex-FX &
Slide 7: 9M25 marked by strong hydro resources that contributed to reservoir levels
9M25 marked by strong hydro resources that contributed to the strengthening of reservoir levels Hydro generation ex-pumping Strong rainfall in 9M25 fostered the recovery of hydro reservoir levels Hydro volumes Iberia (TWh) Reservoir levels in Portugal (%) 7.6 7.5 ~88% ~83% ~63% 0.3 Expected net ~60%
Slide 8: Gen. & Supply EBITDA -15%: higher gas sourcing costs and lower contracted prices
Gen. & Supply EBITDA -15%: higher gas sourcing costs and lower contracted prices, mitigated by FlexGen contribution Hydro, Clients & EM Recurring EBITDA €m YoY growth, % Iberia 9M24 9M25 YoY -15% ∆ YoY Hydro net of pumping, TWh 8.0 7.2 -10% 1,340 Brazil 141 1,142 Pumping generation, TWh 1.4 1.7 +28%
Slide 9: Electricity Networks EBITDA ex-FX and AR gains +3% YoY
Electricity Networks EBITDA ex-FX and AR gains +3% YoY with inflation update and RAB growth in Iberia and resilient electricity networks in Brazil Electricity Networks Recurring EBITDA €m YoY growth, % Underlying1 Iberia 9M24 9M25 YoY -2% Electricity Distributed, TWh 44.6 45.9 +3% ∆ YoY -7% 1,270 Ex
Slide 10: Net debt increase reflecting investment activity and annual dividend payment
Net debt increase reflecting investment activity and annual dividend payment in 2Q25 with AR and tax equity proceeds skewed to 4Q25 Change in Net Debt Includes €3.1 Bn Cash capex (of which €2.6 Bn consolidated € Bn capex and €0.5 Bn from net payments reflected in changes in working capital to PP&E s
Slide 11: Recurring Net Profit underlying +5% YoY backed by improved performance on Wind & Solar
Recurring Net Profit underlying +5% YoY backed by improved performance on Wind & Solar and resilient electricity networks Recurring Net Profit1 Recurring Net Profit €m €m Δ YoY Ex-AR gains +5% EBITDA 3,741 -139 -11% D&A and 1,095 974 Provisions -1,408 -107 191 22 AR gains EBIT 2,333 -246 Net Profit
Slide 12: EDPR
EDPR
Slide 13: EDPR 9M25 results marked by strong underlying EBITDA and net profit
EDPR 9M25 results marked by strong underlying EBITDA and net profit, capacity delivery and asset rotation plan on track for 2025E 9M25 Main Highlights 9M25 Financial Performance Generation increased +14% YoY driven by new capacity additions, despite renewable index at 96% (vs. 98% 9M24) Recurring Yo
Slide 14: EDPR underlying Recurring EBITDA increasing +21% YoY driven by better business performance
EDPR underlying Recurring EBITDA increasing +21% YoY driven by better business performance Recurring EBITDA Drivers €m YoY +4% +21% exc. AR gains 59 1,635 308 (574) 1,405 (22) Electricity Sales Tax Equity Revenues Asset Rotation Gains Core OPEX Other Costs (net)1 Rec. EBITDA +€59m +€99m -€120m -€5m
Slide 15: Strong Organic Cash Flow +€0.2bn YoY and Net Expansion Investments of €1.6bn
Strong Organic Cash Flow +€0.2bn YoY and Net Expansion Investments of €1.6bn, with good visibility on AR and TE proceeds to come in 4Q25 Organic Cash Flow Net Debt Change Dec-24 to Sep-25 €m €m EBITDA 1,390 Includes €2 Bn Expansion Capex (of which €0.4 Bn from net payments reflected in changes in wo
Slide 16: Strong underlying performance with recurring Net Profit excluding Asset Rotation gains +4x
Strong underlying performance with recurring Net Profit excluding Asset Rotation gains +4x to €153m 9M25 Rec. EBITDA to Rec. Net Profit Recurring Net Profit €m YoY €m Ex-AR gains Rec. EBITDA 1,405 +€231m +€111m +4x ex. Gains YoY D&A1 (670) (€78m) 210 On the back 189 of capacity AR gains 35 additions
Slide 17: Closing Remarks
losing-Remarks _
Slide 18: 2025 guidance supported by resilient underlying performance across all business segments
2025 guidance supported by resilient underlying performance across all business segments Integrated generation & supply (Iberia + Brazil): ~€1.4 Bn EBITDA with €1.1 Bn already recorded in 9M25 ~€4.9 Bn Recurring EBITDA Wind & Solar/EDPR: ~€1.9 Bn EBITDA including ~€0.1 Bn of AR gains; ~2 GW capacity
Slide 19: Q&A
Q&A @edp
Slide 20: ANNEX
ANNEX
Slide 21: EDPR generation increased +14% YoY driven by capacity additions of +3.3 GW YoY
EDPR generation increased +14% YoY driven by capacity additions of +3.3 GW YoY despite lower renewable index at 96% Installed Capacity YoY Electricity Generation YoY EBITDA + Net Equity GW TWh +14% YoY EBITDA +18% Net Equity YoY AR/Decom. 19.8 30.2 (0.8) 26.5 +4.8 +2.8 (0.9) +0.5 16.8 +0.4 Lower Hig
Slide 22: EDPR on track to achieve 2025E guidance
EDPR on track to achieve 2025E guidance 2025E 9M25 0.7 GW Capacity Additions ~2 GW ~70% to be concentrated in the 4Q25 ~€1.9 Bn Recurring EBITDA ~€0.1 Bn of AR gains €1.4 Bn ~€8 Bn €9 Bn Net Debt ~€1.8 Bn Asset Rotation Proceeds proceeds to be ~€1 Bn Tax Equity Proceeds concentrated in 4Q25 Note: 20
Slide 23: IR Contacts
IR Contacts E-mail: ir@edp.com Phone +351 210 012 834 Site: www.edp.com