May/June 2021 Investor Presentation

May/June 2021 Investor Presentation

May/June 2021 Investor Presentation Cautionary Statements And Risk Factors That May Affect Future Results These presentations include forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward-looking statements. The factors that could cause actual results to differ are discussed in the Appendix herein and in NextEra Energy’s and NextEra Energy Partners’ SEC filings. Non-GAAP Financial Information These presentations refer to certain financial measures that were not prepared in accordance with U.S. generally accepted accounting principles. Reconciliations of those non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the Appendix herein. Other See Appendix for definition of Adjusted Earnings, Adjusted EBITDA, CAFD expectations, and Adjusted Earnings by Source. All share-based data reflect the effect of the 4-for-1 split of NextEra Energy common stock effective October 26, 2020. “FPL” refers to Florida Power & Light Company excluding Gulf Power unless otherwise noted or when using the term “combined.” 2 NextEra Energy is comprised of strong businesses supported by a common platform • ~$152 B market capitalization(1) • ~58 GW in operation(2) • ~$132 B in total assets(3) • The largest electric utility • The world leader in in the United States by electricity generated retail MWh sales from the wind and sun Engineering & Construction Supply Chain Wind, Solar, and Fossil Generation Nuclear Generation 1) As of April 30, 2021; Source: FactSet 2) Megawatts shown includes assets operated by Energy Resources owned by NextEra Energy Partners as of March 31, 2021; all other assets are included at ownership share 3 3) As of March 31, 2021 NextEra Energy’s strategic focus remains on investing for the benefit of customers, shareholders, and the environment NextEra Energy Strategic Focus • FPL’s continued smart investments further enhance its best-in- class value proposition – FPL residential customer bills remain ~30% below the national average and are the lowest in the nation versus top 20 investor owned utilities – Industry leading profile includes high reliability, excellent customer service, and clean energy • Energy Resources continues to capitalize on the outstanding renewables development environment – Expect to build ~23 – 30 GW from 2021 - 2024 – Total addressable market has substantially increased with the combination of low-cost renewables and low-cost storage • NextEra Energy’s balance sheet strength and access to capital remain a core strategic focus No company is better equipped to take advantage of the broad decarbonization of the U.S. economy than NextEra Energy 4 We have a long-term track record of delivering value to shareholders Adjusted Earnings Per Share Total Shareholder Return(1) $2.31 40% 120% 112% 30% 100% 30% 80% 18% $0.66 20% 60% 49% 40% 32% 10% 20% '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 0% 0% 0% One Year Three Year 250% 238% 800% Dividends Per Share 700% $1.40 700% 200% 600% 150% 500% 103% 400% 267% 100% 72% 300% 191% $0.36 200% 50% 100% 0% 0% Five Year Ten Year '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 ■ NEE ■ S&P 500 Utility Index ■ S&P 500 No management team in the industry is more aligned with shareholders 5 1) Source: FactSet; as of 12/31/2020; includes dividend reinvestment Over a sustained period of time, our growth strategy has led to real change in relative position Top 20 Global Utility Equity Market Capitalization(1) As of 6/1/2001 ($ MM) As of 4/30/2021 ($ MM) Rank Market Cap Rank Market Cap 1 $38,574 1 $152,032 NextEra Energy 2 $38,185 2 $101,177 3 $34,476 3 $86,804 4 $34,111 4 $77,452 5 $30,955 5 $70,178 6 $23,906 6 $70,118 7 $21,537 7 $67,036 8 $20,093 8 $61,394 9 $17,297 9 $45,228 10 $16,873 10 $44,766 11 $16,279 11 $44,333 12 $15,884 12 $43,896 13 $15,785 13 $41,651 14 $14,601 14 $41,629 15 $14,461 15 $38,374 16 $14,223 16 $36,264 17 $13,773 17 $31,902 18 $13,550 18 $31,879 19 $13,136 19 $30,651 20 $12,934 20 $29,601 30 $10,206 NextEra Energy 6 1) Source: Factset Our core strategy has focused on the importance of ESG impacts for more than 25 years • Vision to be largest, most profitable clean energy provider in the world • Vision informed by our values: • We are committed to excellence • We do the right thing • We treat people with respect • Aim to be the most reliable and best operating utilities in the country • Build a diversified clean • Keep costs low energy company • Rapidly grow clean • Grow the world’s energy leading wind, solar and storage portfolio Deliver outstanding value for our customers Support our communities and empower our teams Do good for the environment Generate significant shareholder value 7 NextEra Energy was recently recognized by S&P for its ESG leadership and “best in class” preparedness ESG Highlights(1) Environment Customers(2) • 47% better CO2 emissions rate than • 30% lower bills than the national average industry average in 2020 • 63% better operating costs than industry • World’s leading wind, solar, and battery average in 2019 storage portfolio • ~$11 B in fuel cost savings to customers • 98% of power generated from clean or since 2001 renewable resources • 62% better service reliability than national • 99% of water returned to original source average Employees Communities • 82% improvement in safety performance • ~$100 B capital invested from 2011 – 2020 since 2003 • $1.7 B state and local taxes paid in 2020 • 616,000 hours of employee training in 2020 • >$19 MM charitable giving in 2020 • Creation of racial equity working teams • 32,800 employee volunteer hours in 2020 • Top quartile engagement score in 2020 We are passionate about generating clean, renewable energy, while protecting the environment and giving back to the community 1) All data as of year-end 2020 unless otherwise noted 8 2) Data is for FPL, excluding Gulf Power We are well positioned to continue our track record of growth FPL Wholesale FPL Fleet Coal Under- & Service Energy Electrification Territory Retirements grounding Services Expansion FPL Hydrogen Battery FPL Solar FPL T&D FPL New Infrastructure Generation Storage Expect >$60 B FPL of capital Capital Gulf Generation Asset deployment Recycling Power Growth Modernization M&A from 2019 through 2022 Battery Distributed New Wind New Solar Storage Generation Competitive Fleet Energy Hydrogen Transmission Electrification Solutions We believe we have the industry’s leading growth prospects 9 We expect the industry’s disruptive factors will further expand and accelerate over the coming years Disruptive Industry Changes Today Potential Cost per MWh Mid-2020s(1) AI / ($/MWh) Machine Learning EV & Near-Firm Wind $20 - $30 Renewables / Hydrogen Storage Near-Firm Solar $30 - $40 Mobility Natural Gas $30 - $45 Existing Nuclear $35 - $50 ESG & Smart Renewable Existing Coal $35 - $50 Grid Policy Tailwinds Storage Adder U.S. Electricity Production by Fuel Type(2) Cost Hydrogen Restructuring 2020 2030E Shareholder Generation Activism Restructuring Wind & Solar Natural Gas Nuclear Coal Other 1) Represents projected cost per MWh for new build wind, solar, and natural gas; excludes PTC for wind and assumes 10% ITC for solar; projected per MWh operating cost including fuel for existing nuclear and coal; based on NextEra Energy internal estimates 2) 2020 source: U.S. EIA Annual Energy Outlook 2021 Reference Case; 2030 estimate source: National Renewable 10 Energy Laboratory (NREL) 2020 Low Renewable & Low Battery Cost Scenario Florida Power & Light is recognized as one of the best utility franchises in the U.S. Florida Power & Light Company(1) • One of the largest electric utilities in the U.S. • Vertically integrated, retail rate-regulated • 5.6+ MM customer accounts • ~31 GW in operation • Operating revenues • FPL: ~$12 B • Gulf Power: ~$1.4 B • Total assets: • FPL: ~$63 B • Gulf Power: ~$7 B 1) Gulf Power legally merged into FPL on 1/1/2021; FPL & Gulf Power operate under separate rate agreements; customer account and GW data is FPL and Gulf Power combined 11 Note: All financial data is as of March 31, 2021, except operating revenues which are for full-year 2020 FPL, including Gulf Power, has significant investment opportunities across its system that are expected to generate customer savings and further enhance reliability FPL 1000-kWh 2019-2022 Residential Bill(1) Capital Expenditures(2) ~$161 ~42% Lower ~$94 ~$29 B T&D Storm Hardening All Other T&D Solar and Battery Other Generation Top 20 Electric FPL 2020 Annual Other, Including Nuclear Fuel Utilities Average Smart investments help FPL deliver sustainable energy while maintaining the lowest bills in the nation among the top 20 US electric utilities 1) Annual average rate for 2020; top twenty are based on 2019 EIA reported number of customers, and rates effective July 2020 12 2) Combined FPL and Gulf Power estimated capital expenditures FPL, including Gulf Power, has significant investment opportunities across its system that are expected to generate customer savings and further enhance reliability FPL 2019 – 2022 Capital Expenditures(1) Projected Recovery Opportunity Status Investment(2) Mechanism Dania Beach Clean Energy Expected COD in 2022 ~$900 MM(3) Base rates Center First 16 projects complete, remaining 4 Base rates w/ participant SolarTogether ~$1.8 B expected COD in 2021 contributions as offset Additional solar investments Site control; early stage development ~$2.0 B Base rates Battery storage Various battery storage projects

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