Investors Presentation H1 2020

ENGIE ENERGÍA PERÚ S.A. Investors Presentation H1 2020

ENGIE Energía Perú Investor Presentation

SNAPSHOTS

ENGIE Energía Perú Investor Presentation

A global reference in low carbon energy and services

FOCUSED ON FOUR GLOBAL BUSINESS LINES, 20 COUNTRIES, 30 URBAN AREAS AND 500 GLOBAL CLIENTS

CLIENT SOLUTIONS NETWORKS RENEWABLES THERMAL

Unique integrated solutions to Upstream presence in the gas and Generation and marketing of Reduction of thermal capacity support clients in the zero-carbon electricity supply chain (hydrogen, electricity from all renewable through CAPEX Plan 2019-2021: transition natural gas and biogas) energy sources €12bn & 9GW in renewables

4,600 €2.7bn 119,350 22,500 5,200 €1.8bn employees in revenues in 2019 employees EBITDA employees €1.8bn employees €4.0bn EBITDA EBITDA 26.9GW €1.7bn €4.0bn 52.3GW €21bn €6.6bn of renewable EBITDA in revenues of natural gas in revenues in 2019 in revenues in 2019 energy capacity in 2019 capacity installed

REVENUE BREAKDOWN EBITDA BREAKDOWN CAPACITY BREAKDOWN LATAM PRESENCE

92% low 5% 5% 12% CO2 14,300 employees 4% 78% 7% 7% 61% 6% Total 6% €60.6 bn €10.4 bn Capacity 97 GW €5.3bn in revenue 19% 55%

27% 2% 19.7GW installed capacity Europe North America Europe North America Natural gas Nuclear Latin America Asia & Africa Renewables(2) Coal and 1.1GW under Oceania Latin America Africa & Asia Other construction

ENGIE Energía Perú 3 Investor Presentation

nd Coal; Natural Gas; 2 largest player in the country Dual fuel; Solar; 135; 963; 39% 1110; 44% 40; 2% 5% 2,496MW Yuncán (2005) • Hydro 134MW Low Co2 generation base Hydro; 248; 10% Quitaracsa (2015) • Hydro 114MW

Diversified & decentralized portfolio of generation sources

Chilca Complex 292.5 km of transmission lines • ChilcaUno – (2006 – 2012) 852MW - Natural Gas • ChilcaDos – (2016) 111MW - Natural Gas Value added customer solutions

23 years operating in the country & listed Ilo Complex since 2005 • Ilo41 (2016, Nodo) 610MW - Dual Fuel • Ilo31 (2013, Cold Reserve) Intipampa (2018) 500MW - Dual Fuel • Solar 40MW Sponsored by a global leader, ENGIE* S.A. • Ilo21 (2000) 135MW - Coal *www.engie.com ENGIE Energía Perú 4 Investor Presentation

Early steps • Yuncán (2005): Hydro - 134MW - Cerro de Pasco – 30-year usufruct from Activos Mineros (2035) • Quitaracsa (2015): Hydro - 114MW - Huaraz

Recent Development • Intipampa (2018): Solar Power Plant - 40MW – Moquegua, backed by a 20-year Investment Agreement with Ministry of Energy and Mines @48.5$/MWh until 2038

Electric Mobility and Smart Cities early stages • 100% electric bus for Peruvian Mining • Electric Car – 1st electric cab in Arequipa / Alliance with Peugeot and ALD for Electric Vans • Solar bench (San Isidro, Panamericanos games)

Next steps • Ilo21: Coal – 135MW to close in December 2022 (approved by Authorities) • Punta Lomitas: Wind - 260MW - Ica - EIA Approved / Commercial steps ongoing • Hanaqpampa: Solar - 300MW - Moquegua - Temporal concession (currently being studied) • Expansion of Intipampa: Solar - currently being studied • Various other non-conventional renewable projects at different stages in the pipeline

ENGIE Energía Perú 5 Investor Presentation

Punta Lomitas Hanaqpampa Wind farm Solar Power Plant Ica Moquegua Max. Power: 260 MW Max. Power: 300 MW CAPEX: 300 MUSD* CAPEX: 280 MUSD*

• May 2019: Pre-operational study • August 2019: Temporary Concession approved approved

• June 2019: EIA presented • August 2020: Presentation of environmental instrument - DIA • July 2020: EIA approved • 3Q 2023: Commercial Operation Date • 1Q 2021: Construction begins (*) (COD) (*)

• 1Q 2023: Commercial Operation Date (COD) (*)

(*) Tentative, subject to obtaining (*) Tentative, subject to obtaining permits and approvals permits and approvals

ENGIE Energía Perú 6 Investor Presentation

RECENT EVENTS

ENGIE Energía Perú Investor Presentation

As the pandemic was growing in Europe in Safety first January/February, an ENGIE COVID crisis management • +70% home office team started working on a plan in case the virus arrived in Peru. By mid February, the plan was ready. • Increased internal communications Reduced personnel operating in plants and offices was • Crisis committee around 12% during mandatory isolation and no more than 30% during the reactivation phases. We are proud we have • Strict protocols been able to maintain our commitment to supply energy to • Site sanitization the country throughout the pandemic. • Psychological assistance line Last year we started doing a one-day per week home office for our administrative employees and we have been working for some time on digitalization of our processes. Even though it has been a challenge for everybody to adapt to the new circumstances since March 16th, we have not failed in any of our different processes. We thank all ENGIE collaborators for giving the extra mile during these challenging times.

ENGIE Energía Perú 8 Investor Presentation

We have been focusing in the regions where our power plants are located and in Lima Chilca (Lima) (headquarters) Ilo (Moquegua) Yuncán (Pasco) Lima Quita (Ancash) “Aldeas Infantiles” Lomitas (Ica) Cleaning Kit (5,000 Kits) Venues and projects Ancash 20 Tons of food; 55,000 Pasco Chilca health protection items such Face masks as: face masks, hazard suits prepared by and cleaning supplies. women for donation (20,000 un.)

ENGIE Energía Perú 9 Investor Presentation

ENGIE joins the ENGIE contributes ENGIE joins the digital ENGIE accelerates the ENGIE and its production of MASI 2MUSD to fight against manufacture of face transformation of our collaborators raised a mechanical ventilators COVID-19 in Latin protection masks from clients Solidarity Fund in Perú developed by PUCP America ESAN University which was donated to Banco de Alimentos

As part of its actions to combat The contribution will be ENGIE provides financial Offering solutions to our An internal campaign was COVID-19 in Latin America, focused on three essential support for digital clients to maintain operational carried out for collaborators to ENGIE joined the #MASI actions: acquisition of medical manufacturing and the continuity in times of COVID- provide voluntary contribution. project in Peru to reduce the equipment and material; free donation of 3,000 face 19, with secured work S/ 100,000 was raised and deficit of mechanical services from its portfolio of protection masks for hospitals environments in order to ENGIE Energía Peru equaled ventilators with a donation to prevention and protection in Lima and Callao. protect the safety and health the total amount collected (1 + the Ministry of Health solutions; and voluntary This joint effort, led by ESAN of their workers, suppliers and 1 model), making a total of S/ (MINSA). contributions from its University, seeks to contribute visitors. 200,000 as a result of the joint executives and collaborators to the protection of the medical effort. The total was donated that the company will match. team against COVID-19. to Banco de Alimentos.

ENGIE Energía Perú 10 Investor Presentation

OUR CLIENTS OUR ASSETS AND PROJECTS

• PPA addenda & new contracts • 40MW Solar • ~260MW Wind Nearly 151MW of new contracts in H1 2020 PV Punta Lomitas Intipampa – Project – EIA • 6.2-year weighted average life PPA March 2018 approved New PPAs start in H2 2020, 2021 and 2022

OUR RATINGS OUR SHAREHOLDERS AND CORPORATE GOVERNANCE

• Fitch: AAA Stable Outlook • Final dividend 2019 US$ 66 million (pay- June 2020 out 63%) • Part of the Good Corporate Governance • Moody’s AAA Stable Outlook Index of BVL (3rd year in a row) May 2020

ENGIE Energía Perú 11 Investor Presentation

KEY MESSAGES

ENGIE Energía Perú Investor Presentation

Main impacts due to COVID-19: Medium to long-term overview

Monthly Production (GWh) First 6 months accumulated generation

5,000 (GWh) June 2020 June 2020 3,757 GWh 23,144 GWh 4,500 13% less 26,373 6% more than than June 2019 5 years ago 4,000 25,121 24,415 23,959 3,500 23,144 21,760 3,000

2,500 Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20

Monthly Production by Source (GWh) Maximum Demand and Marginal Cost MW USD/MWh 3,500 7,500 15.0 3,000 6,500 12.5 2,500 2,000 5,500 10.0

1,500 4,500 7.5 1,000 Hydro Gas 3,500 5.0 500 Maximum Demand Avg. MgC - 2,500 2.5 Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jan-19 Mar-19 May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20

Source: COES / elaborated by ENGIE ENGIE Energía Perú 13 Investor Presentation

Main impacts due to COVID-19: Short term overview

Electricity demand growth compared to GWh Daily Energy Generation & Maximum Demand MW 2019 (MoM) 180 8,000 Daily Energy Generation(GWh) Daily Maximum Demand (MW) 10% 160 7,000

6% 140 6,000 5% 2% 120 5,000

100 4,000 0% 80 3,000

-5% 60 2,000

1-Apr 8-Apr

1-Jan 8-Jan 3-Jun

4-Mar

5-Feb

6-May

15-Apr 22-Apr 29-Apr

15-Jan 22-Jan 29-Jan 10-Jun 17-Jun 24-Jun

26-Feb 12-Feb 19-Feb 11-Mar 18-Mar 25-Mar

27-May 20-May -10% 13-May

-13% Evolution of weekly demand average (MW) -15% -13% 7,000 2020 2019 ∆% 6,500 -20% 6,000 -16% -18% -17% -13% -11% -12% -28% -24% -25% 5,500 -31% -29% -30% -29% -30% -30% -30% -26% 5,000 -30% -30% 4,500

4,000 -35%

Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20

6 6 Mar

03 Apr 03 Apr 10 Apr 17 Apr 24

05 Jun 05 Jun 12 Jun 19 Jun 26

13 Mar 13 Mar 20 Mar 27

08 May 08 May 15 May 22 May 29 Source: COES / elaborated by ENGIE May 01 ENGIE Energía Perú 14 Investor Presentation

Main impacts due to COVID-19

- Total energy generation (SEIN) decreased 12.2% in 1H 2020 compared to 1H 2019. As of June, EEP maintained a leading position in the sector, accounting for 19.7% of the total capacity and 11.3% of the total energy generation of the system. - Number of free clients in 1H 2020 increased by 20.8%, to a total of 87 free clients compared to 1H 2019. The market - 146MW of new contracts and extensions of existing contracts signed as of June 2020.

- 1H 2020 EBITDA reached 125.0MUSD, a 17% decrease compared to 1H 2019, mainly due to COVID-19 effect and non-recurrent events in 2019 (14% decrease without those events), whilst Net Result reached 50.5MUSD, a 23% decrease compared to 1H 2019 (19% decrease without non-recurrent). - 2Q 2020 EBITDA reached 51.7MUSD, a 26% decrease compared to 2Q 2019, mainly due to COVID-19 effect whilst Net Result reached 19.0MUSD a 36% decrease compared to 2Q 2019 Financial - Financial debt decreased to 548MUSD,a reduction of 10% versus December 2019. We have continued with results the amortization calendar of our financial debt and we have not incurred in new debt during this semester. - Total Net Debt(1) / EBITDA (FY): 1.9x @ Jun/2020.

(1) Total Net Debt = Financial Debt + IFRS16 - Cash ENGIE Energía Perú 15 Investor Presentation

Results for 2Q and 1H 2020 decreased explained by COVID-19 effect

(MUSD) 2Q 2020 2Q 2019 ∆ 2Q 1H 2020 1H 2019 ∆ 1H 2019 FY Revenues 108.9 135.2 -19.5% 237.5 267.4 -11.2% 536.4 EBITDA 51.7 70.0 -26.2% 125.0 151.0 -17.2% 250.5 Net Result 19.0 29.6 -35.6% 50.5 65.7 -23.1% 104.2 Recurrent EBITDA* 51.7 70.0 -26.2% 125.0 145.1 -13.9% 270.4 Recurrent Net Result* 19.0 29.6 -35.6% 50.5 62.4 -19.0% 119.1 Financial Debt 548.0 670.6 -18.3% 548.0 670.6 -18.3% 612.4 Total Debt** 562.3 689.0 -18.4% 562.3 689.0 -18.4% 629.6 Total Net Debt 431.4 635.1 -32.1% 431.4 635.1 -32.1% 537.7 Total Net Debt / EBITDA 12m 1.9x 2.2x -14.3% 1.9x 2.2x -14.3% 2.1x

SEIN demand in the second quarter (2Q20) decreased on average by 30% in April and began to gradually recover from the third week of May. The main variations in our financial statements are explained by the impact of COVID-19: i) lower customer demand, partially offset by ii) lower cost of sales.

* Does not include Non-core inventory and assets sale,** Total Debt = Financial Debt + IFRS16 ENGIE Energía Perú 16 Investor Presentation

600 Others Free Clients Regulated Clients 506MW 6.2 Years ~5.6 years Free Clients weighted average PPAS 500 Luz del Sur 300MW ~14 years Enel (2014 – 2027) 400 284MW Others Regulated 14 years

(MW) 306MW (2014 – 2027) ~4.2 years Antamina NEXA Group Quellaveco 170MW 110MW 150MW 18 years 300 6 month ~9 years (2015 – 2032) (2020) Enel (2021-2030) Bilateral 2018 200MW Electroperu 5 years 105MW Yanacocha (2021 – 2025) Capacity Capacity Contracted 200 1 year 60MW (2020) 4 years + 2 month (2016 – 2020) Seal Volcan 68MW Marcobre Cerro Verde 49MW 12 years 64MW 38MW 100 6 años (2014 – 2025) 15 years 6 years Electro Sur Este (2018 – 2023) (2019 – 2034) (2016 – 2021) Yura (private agreement 2019) 60MW 99MW 7 years y 4 month ~11 years (2016 – 2025) (2023 – 2033) 0 0 2 4 6 8 10 12 14 16 Years Note: i) In addition, we have a 30 year, 35MW PPA with Anglo American Quellaveco included in Other Free Clients, ii) We don’t include the addendums with Distribution Companies in the graph, iii) 2019 fully contracted strong commercial strategy to maintain our efficient portfolio contracted and in H1 of 2020 we are at 90%, iv) Quellaveco and Marcobre are ramping up from 2020/2021

ENGIE Energía Perú 17 Investor Presentation

Resilience in face of unfavorable market conditions

✓ Diversification ✓ Limited spot market risk Increasing number of clients • Efficient capacity fully contracted for 2019 and 90% due

120 to Covid-19 effect by lower demand of our clients in 2020

100 • Weighted average PPA life of 6.2 years, new PPAs to 99 start in 2020, 2021 and 2022 80 91 95 84 87 78 78 80 82 • Most of EEP´s contracts do not include termination 60 70 58 61 clauses 40 54 55 Strong credit profile 20 ✓ +80% of portfolio investment grade clients & +60% 0 • Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 above BB- (Or local equivalent) in terms of sales 2017 2018 2019 2020 ✓ Low commodity risk Indexation ~67% of portfolio to Natural Gas prices in line Balanced portfolio (MW) • with generation costs

51% 49%

Regulated Free clients

ENGIE Energía Perú 18 Investor Presentation

Focus on maintaining our efficient portfolio contracted

+ 57 MW1 new contracts in 2018

+ 489 MW1 new contracts in 2019

+ 151 MW1 new contracts in H1 2020 Our portfolio & contracts Number of clients grew from 91 (2019) to 99 (H1 2020) +8.8%

1- Includes new contracts with free clients and existing expansions

+ GROWTH POTENTIAL 1. Value → quality and new services 2. Relationship plan with clients and AGRESSIVE COMPETITORS new projects

3. Internal reorganization to respond quickly to market SLOW GROWING DEMAND Main The market commercial 4. Continuous communication with pillars authorities, market and media REGULATORY UNCERTAINTY

ENGIE Energía Perú 19 Investor Presentation

FINANCIAL UPDATE

ENGIE Energía Perú Investor Presentation

-26.0 -20.1

By effect In MUSD -17.2%

-13.9%

+151.0 -5.8 +145.1 +2.8 -26.1

+3.1 +125.0 0.0 +125.0 Non-Recurrent Marginal cost Events Energy Margin 1H 2019: Sales Other Income/ Non-Recurrent EBITDA of inventory and Recurrent Lower clients Recurrent Events EBITDA demand and Expenses 1H 2019 non-core assets EBITDA EBITDA 1H 2020 1H 2020 effect (‐5.8MUSD) 1H 2019 lower capacity 1H 2020 revenues by COVID-19 effect

EBITDA decreased mainly due to COVID-19

ENGIE Energía Perú 21 Investor Presentation

-15.2 -11.9

By effect In MUSD -23.1%

-19.0%

+65.7 -3.3 +62.4 -20.1 OPEX, Other Average SG&A, operating Energy Non- income Sufficiency Recurrent other +5.3 -6.9 +5.7 purchase+50.5 capacity0.0 +50.5 Events +4.2 price costs 1H 2019: i) Non- Net Result EBITDA Recurrent Net Financial Recurrent Net Result (‐5.8MUSD) Foreign Tax Recurrent 1H 2019 Net Result EBITDA Expenses Net Result 1H 2020 and ii) Tax Depreciation & Exchange effect mainly Events 1H 2019 1H 2020 related to non Amortization explained by 1H 2020 lower EBT recurrent i) Ilo21 explained by events impairment of assets (+2.5MUSD) made in 2019, ii) useful life change and iii) maintenance reschedule to 2021

EBITDA and foreign exchange are the main variations for 1H 2020 Net Result vs 1H 2019

ENGIE Energía Perú 22 Investor Presentation

OPTIMIZING COSTS, DIVERSIFYING FINANCIAL SOURCES & LIMITING RISKS

Financial Net Debt / EBITDA Financial Debt Breakdown - As of June 2020

579 MUSD Net Debt/EBITDA Financial Net Debt EBITDA LTM

5.00 400 763 729 711 656 612 617 551 521 476 417 By Currency By Source 4.50 290 256 258 279 287 285 288 251 243 225 350

4.00

300

3.50

2.8x 250 3.00 2.6x 2.7x 2.4x 2.50 2.1x 2.2x 2.1x 200 50% 1.9x 2.0x 1.9x 2.00 48% 23% 150 52%

1.50

100 1.00 27%

0.50

- 0 Financial Lease Bonds 1Q'18 2Q'18 3Q'18 4Q'18 1Q'19 2Q'19 3Q'19 4Q'19 1Q'20 2Q'20 USD PEN + XCSY Corporate Loans

Credit Rating – Jun 2020 Local capital market as an important partner • First program for up to 400MUSD started in 2007 with total issuances of AAA.pe ~150MUSD (outstanding ~75MUSD) 12/06/2020 Stable • Third program for up to 500MUSD started in 2015: • 2016 → 1st issuance of 250MPEN @ 7.125% (10 yr)

AAA.pe • 2017 → 2nd issuance of 79MPEN @ 6.0% (7 yr) 21/05/2020 Stable • 2017 → 3rd issuance of 251MPEN @ 6.53% (10 yr) • 2018 → 4th issuance of 230MPEN @ 6.7188% (10 yr)

ENGIE Energía Perú 23 Investor Presentation

Constantly looking for optimization of existing debt

MUSD Outstanding debt repayment 200

Financial leases Bonds 3rd Program Corporate Loans Bonds 1st Program 150

96 100 80 71 71 75 57 51 10 50 12 96 80 22 25 71 71 65 45 50 22 25 - 1 2020* 2021 2022 2023 2024 2025 2026 2027 2028

* Remaining as from July

ENGIE Energía Perú 24 Investor Presentation

FINANCIAL MARKET DATA – JUNE 2020 DIVIDENDS PAID MARKET CAP & DIVIDEND YIELD Number of shares issued 601,307,011

7.0% 80 100% In MUSD Share price (PEN) – 30/06/2020 7.12 In MUSD 2,005 2,075 66 6.0% 70 64 2,000 6.1% VWAP (3m) – (PEN) 6.69 80% 1,759 60 54 1,602 1,611 1,426 5.0% 49 49 63% 1,427 52 week – high – (PEN) 8.10 1,500 1,351 4.6% 50 42 59% 60% 1,187 3.8% 1,212 4.0% 52 week – low – (PEN) 6.00 38 46 3.6% 1,042 40 19 16 46 31 30 3.0% 1,000 3.1% Market Cap (MUSD) 1,212 30 24 25 40% 2.1% 18 22 2.0% 30% 38% 1.8% 1.9% 38% 2.0% 20 31% 30% 31% 30% Enterprise Value (EV) (MUSD) 1,629 30% 16 500 11 13 33 20% 1.5% 31 1.0% 10 20 20 24 20 EV / EBITDA 7.3x 13 12 15 18 - 0% - 0.0% Price to Book Value (P/B) 1.0x 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1H 2020 Price / Earnings ratio (P/E) 13.7x 1st Half 2nd Half Payout Market Cap Dividend Yield % *The dividends of the 2nd half of 2019 are pending to pay Daily avg. trading volume (Msh) 0.16

EV: Market Cap + Net Debt P/B: Market Cap / Book Value of Equity June 1, 2019 SHARE PRICE EVOLUTION June 30, 2020 EEP: S/ 6,10 EEP: S/ 7,12 8.5

7.5 +18% 6.5

5.5 -16% -23% 4.5

3.5 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Indice S&P_BGC Indice S&P_BVL EEP

ENGIE Energía Perú 25 Investor Presentation

DELIVERY AND CLIENTS AND DEVELOPMENT OPERATION

LEADERS IN ENERGY EFFICIENT PORTFOLIO TRANSITION

PPA PORTFOLIO NEW PROJECTS EXTENSION

NEW PPA WITH FREE CLIENTS ASSET DIVERSIFICATION AND DISTRIBUTION CO’S

STRONG CAPITAL STRUCTURE CUSTOMER SOLUTIONS & LEAN PROGRAM

ENGIE Energía Perú 26 Investor Presentation

APPENDIX

ENGIE Energía Perú Investor Presentation

EBITDA 2Q Net Result 2Q Financial Debt

MUSD MUSD MUSD -10.5% -36% -26%

73 72 71 81 70 73 36 612 63 66 30 30 26 30 29 31 548 52 22 19 33 9

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 4Q 2Q 2018 2019 2020 2018 2019 2020 2019 2020

EBITDA 1H Net Result 1H Total Net Debt / EBITDA (1H)

MUSD MUSD -17% -23% -10%

151 66 125 51 2.1x 1.9x

1H 1H 1H 1H 4Q 2Q 2019 2020 2019 2020 2019 2020

ENGIE Energía Perú 28 Investor Presentation

As part of our risk management, we identify as emerging risks the following:

Potential impact on the Risk Description Mitigation actions business

Risk of increased costs or decreased The impact identified would be due Participative and purposeful management income caused by new regulatory to lower energy sales due to lower regarding emerging regulatory changes, Changes in the regulatory requirements or restrictions. dispatch and increased costs for the supported by technical-economic analysis and plants. principles of regulatory stability and predictability. framework that affect our Participation in government-industry open tables activities to analyze new regulations and deliver our own analysis to generate an open and transparent debate. The energy sector is changing and our Decrease in revenues for energy To mitigate the risk, ENGIE is further developing purpose is being the leader of the generation, due to lower customer its offer of energy efficiency business for its energy transition. Our clients demand demand. Likewise, there would be a clients, guaranteeing the effectiveness of their energy efficient and environmentally possible oversupply, which would operations through cogeneration for example. Changes in electricity friendly products. There are clients who cause the PPA price to be further Likewise, more renewable energy projects would produce some of the energy they need decrease. be added to improve the portfolio and mitigate consumption patterns and also consume from the SEIN. The risk. most important changes are in distributed energy generation, particularly self-generation.

ENGIE Energía Perú 29 Investor Presentation

THANKS This presentation may contain certain forward-looking statements and information relating to ENGIE Energía Perú S.A. (“Engie Energía Perú” or the “Company”) that reflect the current views and/or expectations of the Company and its management with respect to its business plan. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “believe”, “anticipate”, “expect”, “envisage”, “will likely result”, or any other words or phrases of similar meaning. Such statements are subject to a number of significant risks, uncertainties and assumptions. We caution that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. In any event, neither the Company nor any of its affiliates, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages. The Company does not intend to provide eventual holders of shares with any revised forward-looking statements of analysis of the differences between any forward-looking statements and actual results. There can be no assurance that the estimates or the underlying assumptions will be realized, and that actual results of operations or future events will not be materially different from such estimates. This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without ENGIE Energía Perú prior written consent. FOR MORE INFORMATION ABOUT ENGIE ENERGIA PERU Ticker: ENGIEC1

+51 1 616 79 79 [email protected]

Av. República de Panamá 3490, Lima 27, Perú www.engie-energia.pe

Marcelo Soares, Chief Financial Officer

Adriana Burneo, Head of Corporate Finance & Investor Relations

Guillermo Diaz, Investor Relations

ENGIE Energía Perú 30 Investor Presentation

engie.com

ENGIE Energía Perú