The Aes Corporation · NYSE:AES
The Aes — Merger or Acquisition (March 2026)
5 slides from The Aes's merger presentation, Mar 2, 2026
Slide 1: The AES Corporation Transaction Overview & Considerations
The AES Corporation Transaction Overview & Considerations March 2, 2026
Slide 2: Transaction Summary
Transaction Summary Terms Leverage/Investment Grade Profile → $15.00 per share price represents an enterprise value of → The Consortium intends to maintain AES’ existing capital structure approximately $33.4 billion1, including the assumption of debt → The Consortium expects to maintain an investmen
Slide 3: Considerations for Stakeholders
Considerations for Stakeholders Stockholders Debt Investors → $15.00 per share price represents 40.3% premium to the 30-day volume → Consortium has indicated each of the following: weighted average share price prior to July 8, 20251 • Transaction 100% equity-financed with no financing contingency →
Slide 4: Considerations for Stakeholders
Considerations for Stakeholders Customers Employees Communities → The Consortium will provide → The Consortium recognizes that AES’ → Transaction enables AES to continue significant, patient capital and long- employees and capabilities are to invest in critical energy term partnership to enhance the
Slide 5: Important Information and Where to Find It
Important Information and Where to Find It This communication may be deemed to be solicitation material in respect of the proposed transaction between AES and Horizon P arent, L.P. In connection with the proposed transaction, AES expects to file a proxy statement on Schedule 14A with the Securities