POWERING CHANGE

FINANCIAL RESULTS FOR THE YEAR TO 31 MARCH 2021

26 May 2021 DISCLAIMER

This presentation contains forward-looking statements about financial and operational matters. Because they relate to future events and are subject to future circumstances, these forward-looking statements are subject to risks, uncertainties and other factors. As a result, actual financial results, operational performance and other future developments could differ materially from those envisaged by the forward-looking statements.

SSE plc gives no express or implied warranty as to the impartiality, accuracy, completeness or correctness of the information, opinions or statements expressed herein. Neither SSE plc nor its affiliates assume liability of any kind for any damage or loss arising from any use of this presentation or its contents.

This presentation does not constitute an offer or invitation to underwrite, subscribe for, or otherwise acquire or dispose of any SSE shares or other securities and the information contained herein cannot be relied upon as a guide to future performance.

2 OVERVIEW Powering change

£7.5bn capex plan Regulated businesses • Construction well under way on Seagreen, • Around £2.8bn Transmission totex in T2 with Viking and Dogger Bank significant potential for further growth • Leading construction of more offshore wind • Distribution business plan including net zero than anyone else in the world generated growth, to be submitted July 2021

£2bn+ disposals programme Developing growth options • Agreed transactions will yield over £1.5bn • Pipeline of domestic offshore opportunities proceeds with international options • Expect total to be well in excess of £2bn • Opportunities in pumped storage, CCS, target on completion of prospective SGN sale hydrogen and batteries

SSE Financial Results for the year to 31 March 2021 3 Presenter: Alistair Phillips-Davies RESULTS TO 31 MARCH 2021 PROGRESS

4 PROGRESS The people behind our purpose

Coronavirus • Supported the safe and reliable supply of electricity • Played our part in national pandemic effort • No rates relief received or employees furloughed • Implemented measures to provide flexible and safe working

Safety performance • 47 Total Recordable Injuries reported versus 55 in the previous year

SSE Financial Results for the year to 31 March 2021 5 Presenter: Alistair Phillips-Davies PROGRESS Sharpening our net zero focus

Recycling capital into low-carbon electricity businesses and streamlining SSE’s asset portfolio

Key roles Key roles facilitating decarbonising electrification and Net electricity Zero Renewables Transmission Distribution Offshore Wind | Onshore Wind North of Scotland North of Scotland Regulated assets Hydro Skills in large provide portfolio South of England capital projects and stability asset management

Common skills Understanding and (e.g. asset management, managing market and stakeholder engagement, regulatory risks regulation)

Flexible thermal complements wind variability Delivering clean and distributed energy (e.g. EV, heat pumps) to customers

Thermal Customer businesses Enterprise Gas generation | Gas storage Airtricity Distributed Energy Gas CCS* | Hydrogen* Business Energy

EPM

* Future options Route to market Access to market

SSE Financial Results for the year to 31 March 2021 6 Presenter: Alistair Phillips-Davies PROGRESS Meeting our objectives

Building a better world of energy • SSE Greenprint published May 2020 • Supporting increasingly ambitious climate action targets • Principal Partner for COP26

Remunerating shareholders • 81p DPS in line with plan • Reiterating commitment to delivering remainder of dividend plan to FY23

SSE Financial Results for the year to 31 March 2021 7 Presenter: Alistair Phillips-Davies RESULTS TO 31 MARCH 2021 PERFORMANCE

8 PERFORMANCE Financial highlights – Managing the impact of coronavirus

No material adverse impact on financial performance of Renewables, Transmission or Thermal

2020/21 Estimated Estimated EBIT • Reduced demand for electricity mainly Gross Impact % Impact affecting DUoS (of which £34m is SSEN Distribution £40m 10% recoverable in future periods)

Customer businesses £80m 80% • Excess electricity hedges with negative mark to market valuations Enterprise £40m 180% • Higher level of customer bad debt SGN £5m 5% • Reduced customer demand for Corporate unallocated £5m - electricity and related services Total £170m 10%

Impact of coronavirus is reflected within adjusted operating profit, with estimated 13 pence impact on adjusted EPS

SSE Financial Results for the year to 31 March 2021 9 Presenter: Gregor Alexander PERFORMANCE Financial highlights – Income Statement (continuing operations1)

Adjusted 1 FY21 FY20 Key movements • Adjusted EPS in the middle of the expected Operating Profit - £m 1,506.5 1,488.4 range provided in closed period notice Profit Before Tax - £m 1,064.9 1,023.4 • Adjusted and reported results include: • Adverse effect of coronavirus of £170m EPS - pence 87.5 83.6 • Developer profits on Seagreen and Dogger Bank A&B equity disposals Reported 1 FY21 FY20 • Reported results include: Operating Profit - £m 2,743.5 963.4 • £877.8m of net exceptional gains from disposal of non-core assets Profit Before Tax - £m 2,516.4 587.6 • Positive mark-to-market movements of £590.1m on commodity contracts and EPS – pence 215.7 40.6 £55.7m on financial derivatives. 1FY21 discontinued operations: Gas Production assets adjusted and reported operating profit £33.0m (FY20 - £25.8m adjusted / £(265.5)m reported)

SSE Financial Results for the year to 31 March 2021 10 Presenter: Gregor Alexander PERFORMANCE Financial highlights – Disposals of non-core assets 1 Headline Consideration FY21 Reported Gain / Agreed Disposals £m (Loss) on Sale £m Walney offshore 350.0 188.7 MapleCo meter asset provider 95.3 70.4 Multifuel Energy 995.0 669.9 Gas Production assets 2 120.0 - Contracting & Rail 3 22.5 (51.2) Total 1,582.8 877.8 1 Disposals of non-core assets excludes disposals during the year in Dogger Bank, Seagreen and Slough Multifuel. 2 Upfront consideration of £25m, with a £95m (adjusted for certain items) loan note repayable in 2024 and excludes up to £40m contingent upon future gas prices. 3 Upfront consideration of £17.5m (adjusted for certain items), a £5m loan note repayable in 2026 and excludes up to £5m contingent upon achieving FY22 EBITDA performance Agreed disposals represent approximately 3 pence dilution to adjusted EPS on a normalised basis

Financial stake in SGN • Highly successful investment for the group • Plan to divest all of remaining investment • Synergies with low-carbon electricity less clear • Expect to commence formal process mid-summer

SSE Financial Results for the year to 31 March 2021 11 Presenter: Gregor Alexander PERFORMANCE Movement Core businesses (inc. investment in SGN) • Increased revenue activity offset by increased operational costs and Adjusted EBIT (£m) FY21 FY20 depreciation charges

SSEN Transmission 220.9 218.1 • Mainly reduced demand as a result of SSEN Distribution 267.3 356.3 the impact of coronavirus Investment in SGN 173.0 202.3 • Reduction in non-recurring commercial income and increase in system costs Total regulated networks 661.2 776.7 from change in charging methodology

Hydro (inc. pumped storage) 238.3 191.1 • Higher availability on pumped storage and price capture offsetting lower Onshore wind 149.4 201.4 volume Offshore wind 344.1 174.8 • Reduced volumes due to weather

Total SSE Renewables 731.8 567.3 • Developer profits of £226m on Seagreen and Dogger Bank Total core businesses (inc. SGN) 1,393.0 1,344.0 • Volumes down reflecting Walney disposal and weather conditions.

SSE Financial Results for the year to 31 March 2021 12 Presenter: Gregor Alexander PERFORMANCE Movement 1 Other businesses – continuing operations • Strong operational performance • FY20 included non-recurring GB Adjusted EBIT (£m) FY21 FY20 Capacity Market reinstatement income • FY21 includes developer profit on sale Total core businesses 1,393.0 1,344.0 of 50% stake in Slough Multifuel SSE Thermal 160.5 152.7 • Reflecting market conditions Gas Storage (5.7) 3.7 Business Energy (24.0) 9.2 • FY21 loss reflects coronavirus impacts • FY20 profit impacted by higher bad Airtricity 44.0 48.8 debts and non-commodity costs. EPM (inc. Gas Production contracts) 18.4 (60.3) • FY20 losses reflect the tail end of issues in 2018 Enterprise (21.3) 8.1 • Small operating profit now expected each year Total other businesses 171.9 162.2 • Contracting & Rail business Corporate unallocated (58.4) (17.8) significantly impacted by coronavirus SSE Group 1,506.5 1,488.4 • Change in recovery, following Energy 1FY21 discontinued operations: Gas Production assets adjusted and reported operating profit Services disposal in January 2020 £33.0m (FY20 - £25.8m adjusted / £(265.5)m reported)

SSE Financial Results for the year to 31 March 2021 13 Presenter: Gregor Alexander PERFORMANCE • Gains on disposal of Walney, Reconciling adjusted and reported numbers MapleCo, Multifuel and expected loss on disposal of Contracting & Rail Income Statement - £m FY21 • £590.1m MTM gains on out-of-the Adjusted EBIT 1,506.5 money commodity contracts and £8.5m stock revaluation

Disposals of non-core assets 877.8 • Fair value uplifts on sale of 51% in Seagreen and 50% in Slough Multifuel, IFRS 9 commodity remeasurements 598.6 offset by depreciation on historic fair value uplifts Net fair value adjustments on disposals 26.4 • True-up adjustments on prior year exceptional transactions and charges Prior year disposals and true-ups (43.0) • Reversal of unutilised exceptional Release of unutilised provisions 26.1 provisions in SSE’s customer businesses for coronavirus Great Island Impairment (58.1) • Driven by lower demand forecasts for Share of Joint Venture interest and tax (190.8) • IFRS presentation requirement Reported EBIT 2,743.5

SSE Financial Results for the year to 31 March 2021 14 Presenter: Gregor Alexander PERFORMANCE Progress on investment and capital expenditure programme

Adjusted Capex (£m) FY21 Share % • Includes HVDC transmission link to SSEN Transmission 435.2 33% Shetland SSEN Distribution 350.8 26% • Asset replacement and reinforcement projects, including subsea cables SSE Renewables 294.3 22% • Early-stage capex in Dogger Bank and SSE Thermal 106.5 8% Seagreen • Other 153.8 11% Total Group gross capex 1,340.6 100% • Keadby 2 and Slough Multifuel Capex refunds on financial close (428.6) - • Early-stage capex in Dogger Bank and Total Group net capex 912.0 - Seagreen refunded on Financial Close

• Capital and investment expenditure in 2021/22 expected to increase to around £2bn • Expect to provide update to capex plans as part of Interim Results in November 2021

SSE Financial Results for the year to 31 March 2021 15 Presenter: Gregor Alexander PERFORMANCE Maintaining a strong balance sheet FY21 HY21 FY20

Adjusted net debt and hybrid capital - £m 8,899 10,622 10,466

Average debt maturity (years) 7.4 6.9 6.5

Average cost of debt at period end, inc. hybrid capital 3.75% 3.58% 3.51%

Adjusted net finance costs - £m 441.6 224.4 465.0

Net debt / EBITDA • Continuing to target lower end of 4.5 – 5.0x range for FY22 – FY25 • 4.6x at 31 March 2021

Credit Ratings (issued September 2020) • S&P - BBB+ with stable outlook • Moody’s - Baa1 with negative outlook

SSE Financial Results for the year to 31 March 2021 16 Presenter: Gregor Alexander PERFORMANCE Prudent financial management and liquidity

Largest issuer of green bonds in FTSE 100 • £500m green bond issued in March 2021 – SSE’s fourth green bond in five years • Published framework for issuing sustainability-linked bonds

Ensuring a strong debt structure • Over £2bn of Eurobonds and hybrid securities issued in first half of year

Liquidity for maintaining operations and investment • £1.5bn of undrawn committed facilities available in addition to an established €1.5bn Euro commercial paper programme • £1.6bn of cash and cash equivalents at 31 March 2021

SSE Financial Results for the year to 31 March 2021 17 Presenter: Gregor Alexander PERFORMANCE Securing value from partnering

Approach to renewables farm-downs • Allows developer premiums to be secured • Divestment typically to 30-40% spreads risk and financial exposure on large-scale projects • Avoids a large increase in non-earning net debt • Appeals to the different risk appetites of different partners at different stages of the project cycle

Consider in time extending a partnering approach through sale of minority stakes in Transmission and Distribution

SSE Financial Results for the year to 31 March 2021 18 Presenter: Gregor Alexander PERFORMANCE Remunerating shareholders

• Strong operational performance and strategic progress • FY21 Adjusted EPS of 87.5 pence • FY21 Reported EPS of 215.7 pence

Financial ContinuingContinuing to target RPIto performance in Full year dividendincreases targetin FY22 RPI and line with of 81.0 pence increasesFY23 in FY22 expectations and FY23

Taking total dividends declared to c.£14.75 per share since formation in 1998

SSE Financial Results for the year to 31 March 2021 19 Presenter: Gregor Alexander RESULTS TO 31 MARCH 2021 OPPORTUNITIES

20 OPPORTUNITIES Strategy and capability

Policy backdrop SSE strategic alignment

Renewable Electricity Future capacity networks technology • UK targeting 100GW • Potential for demand • Carbon capture and of offshore wind by to double by 2050 storage 2050 • Further potential • Hydrogen generation demand from green • Batteries hydrogen • Floating offshore wind

Seizing opportunities in the transition to net zero with a presence in key parts of the energy value chain

SSE Financial Results for the year to 31 March 2021 21 Presenter: Alistair Phillips-Davies OPPORTUNITIES Creating value for shareholders and society

Inclusion in ESG rating Performance ESG indices: A- Scored as ‘Leadership’ (Feb 2021) Climate change AAA In top 7% of 143 global utilities (March 2021) 63/100 SSE scored as ‘Advanced’ (Nov 2020) Top decile SSE is a leading discloser to the WDI (Mar 2021)

• 60% reduction in carbon intensity of electricity generated by 2030* • 40% reduction in scope 1 and 2 GHG emissions by 2030* • 50% reduction in GHG emissions from use of products sold by 2034* • Engagement with 50% of suppliers by spend to set an SBT by 2024 *vs 2017/18 base year

SSE Financial Results for the year to 31 March 2021 22 Presenter: Alistair Phillips-Davies OPPORTUNITIES SSE Renewables – Seagreen offshore wind farm

Seagreen indicative construction timeline 2021 2022 Capacity 1,075MW Design phase Turbine 10MW Vestas Manufacturing Average load factor c54% Onshore substation & export cable Annual production c5TWh Offshore substation & cables SSE share 49% Turbine foundations Turbine installation First Commercial energy Operations CfD Allocation Round 4 • Potential to bid remaining 58% uncontracted capacity • 360MW extension opportunity at Seagreen 1A is in development and may have option to bid

First Seagreen turbine jackets

SSE Financial Results for the year to 31 March 2021 23 Presenter: Martin Pibworth OPPORTUNITIES SSE Renewables – Dogger Bank offshore wind farm

Dogger Bank A indicative Dogger Bank B construction Dogger Bank C timelines 2021 2022 2023 2024 2025 2026 Capacity 3,600MW Design phase Turbine 13 & 14MW GE Average load factor c57% Manufacturing Annual production c18TWh Onshore substation & export cable SSE share A&B: 40%, C: 50%

Offshore substation & cables

Turbine foundations

Turbine installation

First Commercial energy Operations • £206.3m received for 10% stake in Dogger Bank A and B • Financial close and stake sale expected by end of calendar year

for Dogger Bank C Turbine testing facility in Blyth

SSE Financial Results for the year to 31 March 2021 24 Presenter: Martin Pibworth OPPORTUNITIES SSE Renewables – Viking onshore wind farm

Viking indicative construction timeline 2021 2022 2023 2024 Capacity 443MW Civil engineering works Turbine 4.3MW Vestas Manufacturing Average load factor c48% Onshore substation Annual production Almost 2TWh HVDC cable to mainland SSE share 100% Turbine installation Commissioning works First energy Commercial Operations • Will be among the highest-yielding onshore wind farms in Europe • Has opportunity to compete for a CfD in AR4

Construction of Viking wind farm access road

SSE Financial Results for the year to 31 March 2021 25 Presenter: Martin Pibworth OPPORTUNITIES SSE Renewables – domestic growth Target to Renewable capacity and output quadruple wind 1 Target annual renewable output (RHS) Potential additions from key projects Capacity additions (LHS) Offshore Onshore output by 2030

>30TWh target 40 12 38 37 35 10 27 30 Key driver for 25 26 23 target to treble 8 22 25 20 renewable 18 20 6 output by 2030 14 15 4 11 10 Clear aspiration to 2 5 reach run rate of 0 0 2 2 3 2 4 over 1 GW new Current Seagreen Dogger Viking Further Seagreen Dogger C Further Arklow Berwick & North 2030 GW TWh A&B Onshore 1A Onshore Bank Marr Bank Falls Forecast assets per year during second half of

2020 1 2 the decade assumed ownership of Berwick & Marr Bank increased to 50% from 40%; CfD awarded 2030 3 projects including: Strathy South (208MW); Yellow River (105MW) 4 projects including: Cloiche (155MW); Glenassley (64MW); Gortyrahilly (40MW)

SSE Financial Results for the year to 31 March 2021 26 Presenter: Alistair Phillips-Davies OPPORTUNITIES SSE Renewables – Domestic growth

DUE FID OR IN CONSENTED REQUIRING CONSENT FUTURE PROSPECTS* CONSTRUCTION Seabed lease fees MW MW MW MW Viking 443 Yellow River 105 Strathy South 208 Other GB c250 Berwick Bank Seabed lease fee- c£15m Gordonbush Ext. 38 Tangy 57 Cloiche 155 Other ROI c250 up to 2,300MW Lenalea 15 Other c200 Other NI c50 ONSHORE Marr Bank 1.9GW operational Total 162 Total 563 Total c550 Total 496 Seabed lease fee- c£10m Up to 1,850MW MW MW MW MW

Dogger Bank A 480 Arklow Bank 2** 520 Berwick Bank Up to 2,300 Braymore Point 800 North Falls Dogger Bank B 480 Seagreen 1A 176 Marr Bank Up to 1,850 Celtic Sea Array 800 Seabed lease fee- <£1m 252MW Dogger Bank C 600 North Falls 252 ScotWind - Seagreen 1 527 Thor 800-1000 Total Up to 4,402 Seagreen 1A OFFSHORE Total 2,087 Total 696 Total >2,500 Seabed lease fee- c£1m

0.5GW operational 176MW TOTAL: 2.6GW TOTAL: 0.9GW TOTAL: up to 5GW TOTAL: >3GW

*Not included in capacity and output additions on slide 26 **Partially consented

SSE Financial Results for the year to 31 March 2021 27 Presenter: Martin Pibworth OPPORTUNITIES In development SSE Renewables – Irish growth In construction Drumnahough Climate Action Plan 2019 Lenalea • Sixth progress report, March 2021 • Targets a doubling of onshore capacity to 8GW by 2030 • Targets 5GW of offshore wind by 2030

Braymore Point Renewable Electricity Support Scheme (RESS) 2 auction Yellow River • Expected 2022 • Arklow Bank 2, 520MW

Arklow Future prospects Bank • Braymore Point, 800MW • Celtic Sea Array, 800MW Celtic Sea Inchamore Array Gortyrahilly

SSE Financial Results for the year to 31 March 2021 28 Presenter: Martin Pibworth OPPORTUNITIES SSE Renewables – International growth

Potential additions to pipeline • Diversification to unlock further renewables growth • Focus on growth markets and strategic local partnerships

Iberian Peninsula Denmark • Acciona partnership • Partnership with CIP and • Targeting emerging Spanish Andel Holding and Portuguese offshore • Tender process to develop market offshore wind farm • 800 – 1000MW

Further afield • Onshore/offshore wind potential: • North America • NW Europe • Offshore wind potential: • Japan

SSE Financial Results for the year to 31 March 2021 29 Presenter: Martin Pibworth OPPORTUNITIES Deliverable options

Project 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Key Seagreen 1A Development Construction 360MW Bid Phase

– Berwick Bank Development Construction Development Phase Up to 2300MW Target Consent Achieved Marr Bank Development Construction Up to 1850MW Target FID

North Falls Development Construction Construction Phase SEEKING CONSENT SEABED SECURED Up to 504MW Target First Energy Arklow Bank 2 Development Construction 520MW Target Commercial Operations Date Braymore Development Construction 800MW

Celtic Seas Development Construction 800MW

ScotWind Bid Development Construction (CES)

FUTURE PROSPECTS Thor Bid Development Construction 800 – 1000MW

SSE Financial Results for the year to 31 March 2021 30 Presenter: Martin Pibworth OPPORTUNITIES SSE Renewables – Hydro

• 78 hydro stations providing clean, flexible power • Strong performance in balancing market

Hydro profitability FY21 FY20 FY19 Conventional hydro EBITDA - £m 235.9 207.8 195.6 Foyers EBITDA - £m 33.4 15.1 24.4 Total EBITDA - £m 269.3 222.9 220.0 Conventional hydro EBIT - £m 207.1 177.9 157.0 Foyers EBIT - £m 31.2 13.2 21.7 Total EBIT - £m 238.3 191.1 178.7 Conventional hydro volumes - GWh 3,476 3,743 3,318 Foyers gross volumes - GWh 244 127 168

SSE Financial Results for the year to 31 March 2021 31 Presenter: Martin Pibworth OPPORTUNITIES SSE Renewables – Pumped storage

Nature’s battery • Coire Glas could be UK’s largest pumped storage project • Consented 1.5GW site • 30GWh of storage potential • £1.2 – £1.5bn estimated capital expenditure • System benefits • Reduction in wind curtailment • Contributing to grid stability • Displacement of fossil plant • Policy reform needed prior to investment decision

Loch Lochy - lower reservoir for Coire Glas site

SSE Financial Results for the year to 31 March 2021 32 Presenter: Martin Pibworth OPPORTUNITIES Low-carbon thermal – A key transitional technology

Accelerating progress to net zero Electricity generation emissions • Existing plant transitioning from providing 25 e) baseload to providing flexibility services 2

• Highly efficient Keadby 2 CCGT coming online (MtCO 20 in 2022 • Majority of older plant will not run into 2030s 15 unabated Expect to comfortably meet 2030 science- 10 based carbon targets 5 • Could build UK’s first power station with CCS and world’s first 100% hydrogen-fuelled power emissions 1 generation Scope 0 station, in partnership with 2010 2015 2021 2030 SSE carbon intensity of electricity 485 471 255 <120 gCO2e/kWh generated gCO2e/kWh gCO2e/kWh gCO2e/kWh

SSE Financial Results for the year to 31 March 2021 33 Presenter: Martin Pibworth Major SSEN Transmission projects OPPORTUNITIES Major SSEN Transmission Projects SSEN Transmission – Getting on with RIIO-T2

RAV Growth – The Certain View Shetland HVDC 7 T2 totex of around 6 £2.8bn comprising Final 5 1 Determinations plus Shetland2 North East 4 reinforcement 1RAV in 2026 reflects c£200m transfer to SSEN Distribution RAV growth to 3 under regulatory arrangement for Shetland HVDC £5bn+ East Coast Regulated Asset Value Regulated Asset (£bn) Value 2 by FY26 reinforcement 2019 2020 2021 2022 2023 2024 2025 2026

RIIO-T1 RIIO-T2 Certain View 2 2018/19 prices Inveraray - Crossaig

Aligned with SSE’s base £7.5bn capex plan to FY25

SSE Financial Results for the year to 31 March 2021 34 Presenter: Alistair Phillips-Davies Major SSEN Transmission projects OPPORTUNITIES Major SSEN Transmission Projects SSEN Transmission – Uncertainty mechanisms

RAV Growth – U/Ms Shetland HVDC 7 Additional potential T2 6 totex of

5 1 £1bn+ taking total T2 totex to Skye North East around 2 reinforcement 4 £4bn reinforcement 1RAV in 2026 reflects c£200m transfer to SSEN Distribution RAV growth to 3 under regulatory arrangement for Shetland HVDC

Argyll East Coast Regulated Asset Value Regulated Asset (£bn) Value 2 £6bn+ reinforcement reinforcement 2019 2020 2021 2022 2023 2024 2025 2026 by FY26

2 RIIO-T1 2018/19 prices. Additional totex subject to RIIO-T2 Certain View range of factors including generator Potential RIIO-T2 Uncertainy Mechanisms commitment, planning and Ofgem approval Inveraray - Crossaig East Coast HVDC (early devex) Not included within SSE’s base £7.5bn capex plan to FY25 +New connections +Rail electrification

SSE Financial Results for the year to 31 March 2021 35 Presenter: Alistair Phillips-Davies Major SSEN Transmission Projects OPPORTUNITIES Major SSEN Transmission Projects SSEN Transmission – Further potential growth

Additional potential investment in RIIO-T2 and beyond Orkney HVAC • Western Isles and Orkney island links • ScotWind could unlock 10GW of wind, creating need for further upgrades and a second East Coast HVDC Western Isles

SSEN Transmission network has potential for near trebling of connected generation by 2030

Beauly-Denny, Beauly- Blackhillock and Beauly-Loch Buidhe reinforcements Two East Coast HVDCs

SSE Financial Results for the year to 31 March 2021 36 Presenter: Alistair Phillips-Davies OPPORTUNITIES SSEN Distribution – looking to ED2

Finalising business plan for the five years to FY28 • Prioritising strategic investment in infrastructure and technology • Providing a valued and trusted service for customers and communities • Creating smart, flexible, local energy networks using collaboration and whole-system thinking • Uplift in load expenditure expected into RIIO-ED2

SSE Financial Results for the year to 31 March 2021 37 Presenter: Alistair Phillips-Davies OPPORTUNITIES SSE Group – Every step of the way to net zero

CCS and hydrogen Investment potential in battery Pumped technology storage Electricity option networks Renewables investment capacity growth

SSE Financial Results for the year to 31 March 2021 38 Presenter: Alistair Phillips-Davies THANK YOU Questions