H1 2021 Results

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2021 Half Year Results

Agenda

Our Purpose

Forward Looking Statements

Operational Review

H1 2021 Hightlights

Progress Towards a Carbon Negative Future

Sustainability

Generation

Pellet Production a Major Producer and Supplier of Biomass to Customers Globally

Pellet Production a Major Producer and Supplier of Biomass to Customers Globally

Pinnacle Integration

Pellet Production Operational Review of H1 21

Customers

Financial Review

Financial Summary

Adjusted EBITDA Bridge H1 20 to H1 21

Continued Focus on Biomass Cost Reduction

Capital Investment

Balance Sheet

Clear Capital Allocation Policy

Strategy Update

Positioning Drax for Growth

Biomass Has A Critical Role to Play in the Fight Against Climate Change

Global Need for Biomass and BECCS

Global BECCS Opportunities

Development of BECCS at Drax Power Station and CCS Infrastructure in UK

Drax Biomass Strategies Informed by Global Role and Market for Biomass

Outlook

Questions & Answers

Questions & Answers

Questions & Answers

Questions & Answers

Questions & Answers

Questions & Answers

Questions & Answers

Questions & Answers

Questions & Answers

Questions & Answers

Questions & Answers

Slide 41

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