Slide 1: F a a EE Log
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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: Strong 1H25 results: Net Profit underlying +27%
Strong 1H25 results: Net Profit underlying +27%, underscoring the value of resilient electricity networks, integrated business in Iberia and solid RES delivery 1H25 Main Highlights 1H25 Financial Performance Integrated business in Iberia supported by structural increase of demand for flex. Gen. and
Slide 4: Iberia: Continuous increase in flexgen demand and need for increased investment in electricity networks
Iberia: Continuous increase in flexgen demand and need for increased investment in electricity networks Increasing weight of ancillary services revenues In parallel with a reinforced need of continued reflecting the importance of Flexgen investments in grids in Iberia Increasing electricity demand,
Slide 5: EDP has 5.5 GW of hydro installed capacity in Iberia
EDP has 5.5 GW of hydro installed capacity in Iberia: 1H25 marked by strong hydro resources that contributed to the strengthening of reservoir levels Hydro resources in Iberia +41% vs. average in 1H25 Strong rainfall in 1H25 fostered the recovery of hydro reservoir levels Hydro volumes Iberia (TWh)
Slide 6: EBITDA for the integrated segment in Iberia at upper level of guidance for 2025
EBITDA for the integrated segment in Iberia at upper level of guidance for 2025, supported by strong performance in 1H25 EBITDA 2025E integrated business in Iberia Key drivers € Bn vs. €1.1-1.2 Bn Previous guidance Exceptional Q1 with normalization in 2Q-4Q; 3Q ~€1.2 Bn seasonally lower hydro volume
Slide 7: Electricity networks Iberia: supportive regulatory framework/return is necessary
Electricity networks Iberia: supportive regulatory framework/return is necessary to foster much needed investment Public consultation launched in Spain, proposing a Returns should increase in Portugal to support 6.46% return and shift of net RAB to TOTEX model assets’ modernization and digitalizatio
Slide 8: Positive regulatory developments in electricity distribution in Brazil
Positive regulatory developments in electricity distribution in Brazil: 30Y concession extension for EDP ES already signed, tariff review in Aug-25 Concession extension contract signed Tariff review for EDP Espírito Santo to take place for EDP Espírito Santo in July-2025 in August 2025: new regulato
Slide 9: Wind & Solar capacity additions: 2025 on time and on budget
Wind & Solar capacity additions: 2025 on time and on budget and high visibility for 2026; AR execution on track to reach targeted proceeds Wind & Solar capacity additions 2025-26 High visibility on asset rotation for 2025 Wind & Solar AR proceeds € Bn 2025 capacity additions on track: ~2GW of which
Slide 10: Accelerating OPEX efficiency with organizational streamlining and digital transformation
Accelerating OPEX efficiency with continuous efforts in organizational streamlining and digital transformation Opex recurring1 Focusing on increasing efficiency through a € Bn Inflation 12m2 +3% leaner organization and digital transformation Nominal -3% Ex-Forex -1% Streamlined workforce structure t
Slide 11: Improved 2025 guidance
Improved 2025 guidance Integrated business in Iberia EBITDA guidance upgraded to €1.2 Bn, based on Recurring EBITDA ~€4.8-4.9 Bn above average hydro generation and demand for flexgen services. Electricity networks: underlying business growth driven by increasing electricity consumption and inflation
Slide 12: 1H25 Results
1H25 Results
Slide 13: Underlying EBITDA of €2.6 Bn, +7% YoY
Underlying EBITDA of €2.6 Bn, +7% YoY, backed improved EDPR performance and resilient integrated business and electricity networks Recurring EBITDA1 ,€m YoY growth, % ∆ YoY -3% 2,670 Underlying2 2,598 • Integrated business in Iberia YoY -€30m Hydro, comparison impacted by low gas +7% % Weight Client
Slide 14: Gen. & Supply EBITDA -3%
Gen. & Supply EBITDA -3%: hydro resources contributing to improved hydro reservoirs and higher gas sourcing costs Hydro, Clients & EM Recurring EBITDA €m YoY growth, % Iberia 1H24 1H25 YoY -3% ∆ YoY Hydro Generation, TWh 7.8 7.3 -6% 887 Ex-FX 858 Brazil 97 -2% 75 -23m Pumping generation, TWh 1.0 1.1
Slide 15: Electricity Networks EBITDA ex-FX and AR gains +6% YoY
Electricity Networks EBITDA ex-FX and AR gains +6% YoY, reflecting inflation update and RAB growth in Iberia and consumption growth in Brazil Electricity Networks Recurring EBITDA €m YoY growth, % Underlying1 Iberia 1H24 1H25 YoY 0% Electricity Distributed, TWh 29.8 30.7 +3% ∆ YoY -9% 838 Ex-FX & AR
Slide 16: Wind & Solar EBITDA ex-Gains +20% YoY
Wind & Solar EBITDA ex-Gains +20% YoY, reflecting generation step up, after 2024 record capacity additions Wind & Solar Recurring EBITDA €m YoY growth, % Underlying2 ∆ YoY 1H24 1H25 YoY +20% Installed Capacity1, GW 16.6 19.6 +18% 0% 960 Ex-FX & AR 960 Prod. deviation vs. exp. LT Gross 0% -1% -1.8 p.
Slide 17: Financial costs increasing mostly on the back of higher average debt
Financial costs increasing mostly on the back of higher average debt, higher interest rates for BRL and lower capitalizations Net Financial Costs1 Avg. nominal debt by currency €m % +6% 443 470 BRL 33% 31% 58 % 67 % EUR EUR, USD 69% & Other 67% 22 % 14 % USD 1H24 1H25 13 % BRL 14 % Of which 5% Other
Slide 18: Net debt increase reflecting annual dividend payment in 2Q25
Net debt increase reflecting annual dividend payment in 2Q25 and investment execution with AR and tax equity proceeds skewed to 2H25 Change in Net Debt € Bn Includes €2.1 Bn Cash capex (of which €1.7 Bn consolidated capex and €0.4 Bn from net payments reflected in changes Assuming ~€2 Bn asset rotat
Slide 19: Recurring Net Profit underlying +27% YoY
Recurring Net Profit underlying +27% YoY backed by improved performance on Wind & Solar and resilient electricity networks and integrated business Recurring Net Profit1 Recurring Net Profit €m €m Δ YoY Ex-AR gains +27% EBITDA 2,598 -72 -3% D&A and 775 752 Provisions -922 -64 184 AR gains EBIT 1,677
Slide 20: Closing remarks
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Slide 21: Closing remarks
Closing remarks Strong 1H25 results, with underlying EBITDA +7% YoY, underlying net profit up +27% YoY and Organic cash flow +€0.4 Bn YoY, showing a clear improvement on operational performance, driven by solid Wind & Solar delivery, resilient electricity networks, and a solid integrated business in
Slide 22: Q&A
Q&A @edp
Slide 23: IR Contacts
IR Contacts E-mail: ir@edp.com Phone +351 210 012 834 Site: www.edp.com