1Internal UseIberdrola Today

Market capitalization of close to 70 bn €One of the 3 largest utilities in the world
Assets~ 154,700

Revenues~ 54,000

EBITDA~ 13,230

Global leader in renewables with over
40,000 MW installed out of a total capacityof 60,800 MW
Serving a population over
100 million people around the world(300 TWh of distributed energy)

Net Profit~ 4,340

41,500 employees

Financial Data (M €)2

More than 145 bn € investment plan by 2030
in renewable energy, smart networks and storage
Internal UseLeader in Clean EnergiesLeading investor in renewables, with an installed capacity of 40,000 MW
1st investor worldwide in renewable energies

Wind energy Ranking… # 1 World… # 1 Europe… # 1 United Kingdom… # 1 Spain… # 3 US

3Internal Use

Total Installed Capacity Overview in 2022
Overall installed capacity in 2022 has grown by 4.2% driven by Renewables (+4.8%)
Strengthened leadership in Onshore wind with a 3.9% increase to reach 20,125 MW
TOTAL INSTALLEDCAPACITY (MW)2022 (MW)Growth vs2021 (MW)Own Capacity *53,616

4.8%Renewables *39,963+5.1%

Onshore wind

20,125+3.9%

Offshore wind

1,258--

Hydroelectric

14,104(0.2%Solar

4,364+39.4

Batteries

198+2.6%

Nuclear3,177--

Gas Combined cycle

9,291

5.9%

Cogeneration

1,185

--

Capacity for third parties

7,146-

Renewables

103-

103-

Gas Combined cycle

7,043

-

TOTAL *

60,761+4.2%

Onshore wind
4Net Own Capacity *Nuclear 6%

Cogeneration 2%

Gas Combinedcycle
17%53,616 MW

Renewables
75%*1 Including 13 MW installed capacity of fuel cells

Internal UseIberdrola Business at a Glance
A vertically integrated Global Energy Leader,
Committed to Renewables and Networks
Key Businesses Lines
Power transmission & distribution.
 Distributed energy (TWh): 300
Networks
 Users (million): 34.30
 EBITDA growth: +21.0%

Key Figures – Iberdrola
Financial Data
Dec 2022

53.9 €Bn

Net Profit

Net debt / EBITDA

13.2 €Bn

10.73 €Bn

BBB+

Power generation and supply to end users.
 Net Production (TWh): 163
 Total capacity (GW): 60.76
 Renewable installed capacity (GW): 39.96
 New renewable capacity installed:
EnergyProduction~1.93 GW&customers,
 EBITDA growth: +4.3%
51%

5Internal Use

3.31x

Revenue
EBITDA

EnergyProduction &Customers

4.3 €Bn

Gross Investment

2022 EBITDA
breakdown

Rating2022 Gross Investment
breakdown
Other, 1.8%
Networks,
43.6%
Renewables,
46.2%

Networks,
49%

Generation and Supply, 8.4%

Global Footprint – 30 Countries
Worldwide Presence• 3rd windcompany• Power and gas
distributor in NY,Maine,Connecticut,
Massachusetts
and Texas• 1st wind power producer(100% RE generation)• 3rd networks company• 4th retailer• Incumbent ingeneration &network business• 14 M contracts infree market• 2nd generator• 1st private power
producer

Relevant
Significant• Largest distributor by
number of customers(presence in 18 states)

6Internal Use• 2nd largest utility by market cap• 1st wind power producer• Renewable generation
development (Greece, Sweden,Poland, Denmark, Hungary,Romania)• Retail fast growing countries andnew opportunities +renewable
development (Portugal, France, Italy,Germany)• Renewable generation development(Vietnam, Taiwan, South Korea,Philippines)• 4 GW portfolio
ready to bid• New 600
MWoffshore
wind project• +1,300 MW capacity• 390 MW under construction• Pipeline: over 2,000 MW

Key Milestones Achieved
Top Player in the fight Against Climate Change
For you, For the Planet.
Emission of 27.7
million tons of CO 2
avoided in 2021

100 billion euros
invested in renewables
energies

Closure of all coal-fired
power plants in the world

81% of the owned
installed capacity isemission-free

40,000 MW owned
capacity in renewables

More than 38,000
million euros of ESG
financing up to date

74% of the owned
installed capacity isfrom renewableenergies

150 billion euros between
2020 and 2030 (triplingRenewable capacity &doubling Network assets)

Offshore wind power
key to the Group’sgrowth (33,400 MWpipeline)

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Internal Use

Business Model
Consolidating our successful business model

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Internal Use

Operating & Dispatching Energy Assets
1. Identify the geographical areas where the most energy is consumed.
2. Offer energy demand and generation forecasts.
3. Able to respond to the electricity demand needs of citizens.
Global Optimal Deployment centre

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Internal Use

World Benchmark in Smart Grids
The Iberdrola group considers grids HVDC EXPERIENCE: 5.4 GW & ~1,300 km.
Western Link (submarine line)
to be a key factor both for theEastern Link (submarine line)(Secured, engineering in progress)
electrification of the economy and for  In Operation
Capacity 2.2 GW HVDC
Capacity 2 GW HVDC
the revitalisation of the territories in Cable length 850 km
Cable length ~370 km
which the company operates.
One of the longest subsea HVDC
bi-directional cable in the world

NECEC(Construction Started)
Capacity HVDC
Cable length ~370 km

Brazil~8,500 km in HVAC transmission auctions
Eur 3.4 Bn awarded in 15 projects
51 Substations
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Internal Use

Renewable Energy Forecasting
Currently achieving

an hourly forecast of up to 96 hours
anda daily forecast of up to 10 days
Using Machine Learning and Artificial
Intelligence,
an automatic prediction system ofcustomer demand and market price11

Confidential
Internal UseLeader in Networks

Almost 1,200,000 km of transmission and distribution lines
with a RAB of more than 33 bn €kms of lines per country
BrazilSpainUSUK

270,300 km
170,800 km
110,100 km

640,400 km

with new technologies to improve the service, reduce energylosses and transfer the increasing renewable energy
production

Leaders in Smart grids
Significant investments in modernisation, digitalisation and automation
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Confidential
Internal UseLeader in Offshore Wind Energy

1,258 MW in operation
And 5,500 MW underconstruction or secured
with long-term
contracts.
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Confidential
Internal UseLeader in Offshore Wind Energy
The company has invested in new growth platforms with enormous
potential, which has made it possible to increase the size of our offshore
wind pipeline to 32 GW

14Confidential
Internal Use

Asian Summit Day1 –IBE corporate p.12/206

Floating Offshore Windfarm

SCOTTISHPOWER AND SHELL SIGN OPTION TO LEASEAGREEMENTS FOR SCOTWIND PROJECTS
Destined to be among the firstcommercial-scale floating offshore
windfarms anywhere in the world,
MarramWind (3GW) andCampionWind (2GW) – off the eastand north-east coasts of Scotland –will have the potential to power up tosix million homes.
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A Global Benchmark in Onshore Wind

 The United States with 8,100 MW
 Spain with 6,200 MW
 The United Kingdom with 2,000 MW

16Confidential
Internal UseSpearheading Photovoltaic Solar Power

4,264 MW of
Photovoltaic capacity
Owning one of the largest
photovoltaic power plants
in operation in Europe.
Francisco Pizarro, Spain
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Confidential
Internal UseBattery for Grid

 The first battery storage system forElectricity Grids in Spain in 2019
 Storage and Grids, the Keys to theenergy model of the future Iberdrola is building or has
permission to build 200 MW ofbattery power
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Battery storage system in Murcia (Spain).
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Internal Use

Commitment to Storage

Iberdrola launches the world's first commercial-scalebattery system in Ireland

Gorman in Ireland is a 50 MW facility with a storage capacity of 25 MWh
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Internal Use

Green Hydrogen

350,000 tons
Of green hydrogen a year by 2030

Spearheading the development ofgreen hydrogen withover 60 projects in 8 countries

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Benefit of Delivering Green Growth

One ofthe most sustainable companies
by the Global 100 index.
Iberdrola has been selected as
one of the most sustainable utilities
worldwide, according tothe Global 100 Most Sustainable
Corporations in the World index
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Company Profile

About Iberdrola Renewables Japan K.K.
Company NameLocation

2-15-19 Tsukiji, Chuo-ku, Tokyo 104-0045 Millennium Tsukiji 7th floor​

Date of EstablishmentDecember, 2020 (changed to the current trade name on April 1, 2021)​

Representative
DirectorCountry Manager
CapitalShareholders

CEO Jose Oriol Hoyos​
Jose Oriol Hoyos, Agustin Arranz De Pablos, Ignatius Olazabal Olarreaga
Chikako Nakayama​
2,090m JPY​
Iberdrola Renovables Internacional, S.A.U​.

Shareholder Information

https://www.iberdrola.com/

Number of Employees

19 people (as of February 1, 2022)​Business Content22

Iberdrola Renewables Japan K.K.

Development, ownership, investment, construction, operation,maintenance and asset management of renewable energy powerplants​

Confidential
Internal Use