EDP Capital Markets Day 2025 Summary Company Overview - **Company**: EDP (EDP Renováveis) - **Event**: 2025 Capital Markets Day - **Date**: November 06, 2025 Key Industry Insights - **Renewable Energy Demand**: Significant growth in demand for renewable energy, particularly driven by data centers. A specific data center in Portugal is projected to require 1.2 gigawatts, representing 20% of Portugal's energy demand [4][5] - **Electrification Trends**: Demand in Portugal and Spain has grown by over 3% after years of stagnation, indicating a shift towards electrification and increased energy consumption [5][6] - **Investment in Infrastructure**: Approximately 25% of transformers in Portugal are over 40 years old, necessitating a wave of investment in energy networks that will extend beyond 2030 to 2040 [7][19] Financial Commitments and Projections - **Investment Plans**: EDP plans to invest EUR 12 billion, primarily in networks in Iberia and US renewables, with a focus on core markets [10] - **Operational Efficiency**: EDP maintains a strong operational efficiency with 26% OpEx over gross profit, aiming for a net debt reduction of EUR 1 billion [10][11] - **EBITDA Growth**: Projected increase in EBITDA and earnings, with a commitment to maintaining a stable dividend policy [11][54] Regulatory and Market Context - **Regulatory Clarity**: Improved visibility on regulatory frameworks in the US, Portugal, and Spain, including capacity payments expected to be implemented in 2026 for Spain and 2027 for Portugal [9][10] - **Tax Incentives**: Networks in Portugal are now exempt from extraordinary taxes, providing an uplift in returns of about 0.85% [12] Renewable Energy Strategy - **Focus on Renewables**: EDP Renováveis is expected to see significant growth, with a target of 20 gigawatts of generation assets, particularly in North America [29][30] - **Long-term Contracts**: Approximately 70% of EDP's energy will be long-term contracted, with expectations of higher prices for new contracts compared to previous years [33][40] Client Solutions and Market Positioning - **Client Engagement**: EDP has established contracts with major tech companies, securing over 3 gigawatts of power through PPAs [34] - **FlexGen Strategy**: EDP is focusing on flexible generation to adapt to the increasing demand for ancillary services, with expected growth in flexible services between 25% and 28% [27][28] Global Market Focus - **US Market**: EDP is well-positioned in the US, particularly in MISO and PJM regions, where demand from data centers is growing [38] - **European Market**: EDP continues to focus on key markets in Europe, including Italy, France, and Spain, while also exploring opportunities in APAC [44][46] Conclusion - **Strategic Vision**: EDP is committed to a sustainable growth strategy, focusing on renewable energy, operational efficiency, and strong client relationships, with a clear path to achieving its financial and operational goals by 2028 [48][49]

Core Viewpoint - DTE Energy is set to announce its second quarter 2025 earnings on July 29, 2025, before the market opens, followed by a conference call to discuss the results [1]. Group 1: Earnings Announcement - The earnings announcement will take place before the market opens on July 29, 2025 [1]. - A conference call to discuss the earnings results is scheduled for 9:00 a.m. ET on the same day [1]. Group 2: Access to Earnings Call - Investors and the public can listen to a live internet broadcast of the call at dteenergy.com/investors [2]. - The U.S. and Canada toll-free dial-in number is (888) 510-2008, with additional toll numbers provided for the U.S. and Canada [2]. - The passcode for the call is 4987588, and the webcast will be archived on the DTE Energy website [2]. Group 3: Company Overview - DTE Energy is a diversified energy company based in Detroit, serving 2.3 million electric customers and 1.3 million natural gas customers in Michigan [3]. - The company focuses on custom energy solutions, renewable energy generation, and energy marketing and trading [3]. - DTE Energy is committed to carbon reduction goals and engages in various community initiatives, including volunteerism and philanthropy [3].