Slide 1: Second-Quarter 2026 Financial Results
SECOND-QUARTER 2026 FINANCIAL RESULTS JULY 30, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements contained in this presentation about future performance, including, without limitation, operating results, capital expenditures, rate base growth, dividend policy, financial outlook, and other statements that are not purely historical, are forward-looking statem
Slide 3: Key Messages
Key Messages 1 Strong start to the first half of 2026 reinforces confidence in the full-year outlook $1.39 $1.54 Q2 2026 GAAP EPS Q2 2026 Core EPS1 Continued wildfire mitigation execution and progress on 2 Wildfire Recovery Compensation Program Reaffirmed $5.90–6.20 3 Reaffirmed 2026 Core EPS1 guida
Slide 4: SCE's preliminary 2029+ wildfire mitigation portfolio targets efficiency through enhanced risk-based analysis
SCE’s preliminary 2029+ wildfire mitigation portfolio targets efficiency through enhanced risk-based analysis SCE continues to advance wildfire mitigation through more granular modeling, climate-informed analysis, and circuit-level prioritization, as outlined in RAMP1 filing Safer Grid More Adaptive
Slide 5: SCE has successfully hardened ~90% of High Fire Risk Area distribution system
SCE has successfully hardened ~90% of High Fire Risk Area distribution system Status of Currently Planned Grid Hardening in HFRA1 Next steps: complete GRC-approved Distribution circuit miles, As of June 30, 2026 miles and evaluate remaining HFRA Remaining hardening for 2029–2032 Planned2 (Up to Co
Slide 6: Edison's 2025 sustainability achievements advanced our clean energy strategy
Edison’s 2025 sustainability achievements advanced our clean energy strategy and enhanced value to our stakeholders Customers & Communities Reliability & Resilience Clean Energy Transition Edison International and the Edison SCE inspected ~1.6 million trees, including SCE delivered at least 60% carb
Slide 7: Second Quarter Earnings Summary
Second Quarter Earnings Summary Q2 2026 Q2 2025 Variance Key SCE EPS Drivers Takeaways Higher revenue $ 0.40 Basic Earnings Per Share (EPS) Lower O&M 0.16 Second-quarter 2026 Core EPS SCE $ 1.67 $ 1.15 $ 0.52 Higher depreciation (0.07) increased year over year, Higher property and other taxes (0.01)
Slide 8: Five-year capex plan of ~$38–$41 billion
Five-year capex plan of ~$38–$41 billion to strengthen reliability, resilience, and readiness to meet customer needs 2026–2030 Capital Expenditures Plan1 Forecast through 2030 includes: Capital Expenditures, $ in Billions • 2025 GRC approval • CAISO-awarded FERC transmission $9.0 $9.1 projects 1.1 1
Slide 9: Projected ~7% rate base growth driven by investments to enable customer-driven load growth
Projected ~7% rate base growth driven by investments to enable customer-driven load growth 2025–2030 SCE Rate Base Forecast through 2030 includes: Weighted Average Rate Base, $ in Billions • 2025 GRC approval ~7% CAGR • CAISO-awarded FERC transmission 2025–2030 projects • Advanced metering infrastru
Slide 10: EIX reaffirms 2026 and 2027 Core EPS guidance
EIX reaffirms 2026 Core EPS guidance of $5.90–6.20 and 2027 Core EPS guidance of $6.25–6.65 EIX 2026 and 2027 Core Earnings Per Share Guidance Ranges Providing 2027 outlook given visibility through GRC 2026 2027 cycle Guidance Guidance • Expected to be at high-end SCE EPS 6.81–7.07 7.20–7.53 of long
Slide 11: EIX reaffirms 2028 Core EPS guidance of $6.74–7.14
EIX reaffirms 2028 Core EPS guidance of $6.74–7.14, representing 5–7% growth from 20251 EIX 2028 Core Earnings Per Share Guidance Range 2028 Guidance SCE EPS 7.74–8.04 EIX Parent and Other EPS (1.00)–(0.90) EIX Consolidated Core EPS $6.74–7.14 Share Count (in millions) 385 1. Compound annual growth
Slide 12: EIX projects 5–7% Core EPS growth for 2025 to 2030, with no equity needs
EIX projects 5–7% Core EPS growth for 2025 to 2030, with no equity needs in financing plan Achievable EPS growth for 2030 2026–2030 EIX consolidated financing plan1 Core Earnings per Share Guidance $ in Billions $7.45–8.20 Dividends2 Incremental Debt3 5–7% $7–9 $9–12 $5.84 CAGR Net cash provided by
Slide 13: Rate base and EPS growth aligned with grid safety, reliability, and customer affordability
Rate base and EPS growth aligned with grid safety, reliability, and customer affordability 5–7% Core EPS CAGR1 Underpinned by strong rate base growth of ~7% 2025–2030 $38–41 billion 2026–2030 capital program ~4.5% 22 consecutive years of dividend growth current dividend yield2 Target dividend payout
Slide 14: Additional Information
ADDITIONAL INFORMATION
Slide 15: Year-to-date Earnings Summary
Year-to-date Earnings Summary 2026 2025 Variance Key SCE EPS Drivers Takeaways Higher revenue $ 0.94 Basic Earnings Per Share (EPS) Lower O&M 0.13 2026 Core EPS increased year SCE $ 3.28 $ 5.22 $ (1.94) Higher depreciation (0.20) over year, primarily due to: Higher property and other taxes (0.02) EI
Slide 16: Eaton Fire: Currently unable to estimate potential losses; SCE has clear sources for funding
Eaton Fire: Currently unable to estimate potential losses; SCE has clear sources for funding claims resolution1 Investigation Status2 Clear funding sources mitigate balance sheet While SCE has not conclusively determined causation, SCE is not exposure from claims resolution4 aware of evidence pointi
Slide 17: By end of 2027, SCE will have recovered $11+ billion of historical costs
By end of 2027, SCE will have recovered $11+ billion of historical costs, enhancing its balance sheet and credit metrics ~$2.9 billion remaining GRC and wildfire-related application recoveries2 ~$8.6 Expected annual rate recovery or securitization; $ in Millions billion $2.5 memo account recovery 20
Slide 18: 2026–2028 Modeling Considerations
2026–2028 Modeling Considerations Variable 2026 2027 2028 SCE Rate Base ($ billions) $50.8 $54.3–54.4 $57.7–58.1 Rate Base Mix (CPUC/FERC) 85% / 15% 85% / 15% 86% / 14% Authorized ROEs (CPUC/FERC) 10.03% / 10.30% 10.03% / 10.30% 10.03% / 10.30% Authorized Equity Ratios (CPUC/FERC) 52% / 47.5% 52% /
Slide 19: Earnings Non-GAAP Reconciliations
Earnings Non-GAAP Reconciliations Reconciliation of EIX GAAP Earnings to EIX Core Earnings Net Income (Loss) Available to Edison International, $ in Millions Q2 2026 Q2 2025 2026 2025 SCE $ 643 $ 443 $ 1,262 $ 2,010 EIX Parent & Other (109) (100) (197) (231) Basic Earnings $ 534 $ 343 $ 1,065 $ 1,77
Slide 20: EIX Core EPS Non-GAAP Reconciliations
EIX Core EPS Non-GAAP Reconciliations Reconciliation of EIX Basic Earnings Per Share to EIX Core Earnings Per Share EPS Available to Edison International1 Q2 2026 Q2 2025 2026 2025 Basic EPS $ 1.39 $ 0.89 $ 2.77 $ 4.62 Non-Core Items SCE Wildfire-related recoveries, net of claims and expenses (0.01)
Slide 21: Earnings Per Share Non-GAAP Reconciliations
Earnings Per Share Non-GAAP Reconciliations Reconciliation of EIX Basic Earnings Per Share Guidance to EIX Core Earnings Per Share Guidance 2026 EPS Available to Edison International Low High Basic EIX EPS $5.70 $6.00 Total Non-Core Items1 (0.20) (0.20) Core EIX EPS $5.90 $6.20 1. Non-core items are
Slide 22: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures Edison International's earnings and basic earnings per share (EPS) are prepared in accordance with generally accepted accounting principles used in the United States. Management uses core earnings and core EPS internally for financial planning and for analysis of p