Message from the Chairman

In this integrated report, we provide detailed information on this context, as well as the strategic guidelines that contributed to an exceptional year for ACCIONA, with a 38.1% increase in revenues and a 39.4% increase in EBITDA over the previous year.

It also shows how ACCIONA's different capitals, teams and businesses work together to identify opportunities, meet challenges, and implement strategies. It also presents the financial results achieved, along with key information for better understanding.

By 2022, ACCIONA will have produced clean energy equivalent to the consumption of 7.6 million homes, avoiding the emission of more than 13 million tons of CO₂. ACCIONA has a unique platform of renewable energy generation assets, with a total installed capacity of 11,826 MW at the end of 2022, of which 74% is wind technology, 16% solar photovoltaic, 7% hydroelectric, and the remaining capacity of biomass and solar thermal power plants.

Among the highlights of this year's projects is the break ground of the MacIntyre Wind Farm in Australia, which will have a capacity of 1 GW, making it one of the largest renewable energy facilities in the world. ACCIONA Energy also acquired the largest energy storage battery in the US, in Texas, with 190 MW, and has a portfolio of six projects in the state, with a total of 1 GW of storage.

2022 was also our record year for new infrastructure contracts, with a cumulative backlog of €22 billion. This figure includes projects such as the Western Harbour Tunnel in Sydney, the largest construction contract in ACCIONA's history, which will emit 60% less CO₂ than the original project. In addition, ACCIONA has launched an integrated water management process in Veracruz, Mexico, one of the cities most affected by water shortages in the world, and has begun the construction phase of the Climate Adaptation Canal in Fargo, North Dakota, an example of adaptation infrastructure designed for climate resilience.

The past year was also significant in terms of milestones for the company's other businesses. In the field of urban mobility, the development of the Silence S-04, our revolutionary microcar with removable battery, offers an innovative solution to address the challenges of electric mobility in urban environments. And in Real Estate, ACCIONA has demonstrated its global leadership in the development of sustainable buildings, with emblematic projects such as the ACCIONA Campus and the Ombú building.

Finally, we have begun to decouple CO₂ emissions from business growth, reducing our Scope 1 and 2 emissions by 3.3 %, and our carbon intensity from 21 to 15 tons of CO₂ per million euros of revenue, despite the significant increase in activity.

Business growth allowed us to hire 10% more full-time employees worldwide, and we have strengthened social conditions both in communities, with specific action plans, and by extending social safeguard requirements to the entire supply chain, in anticipation of the new European Due Diligence Directives.

In 2022, our social cash flow reached a new milestone with a total of €12.2 billion, an increase of 21 % over the previous year, distributed as follows:

• €7.4 billion was allocated to suppliers, representing a significant increase of 45% over the previous year.
• Employee compensation increased by 18% over the prior year to 1.3 billion Euros.
• Tax payments amounted to 1.5 billion Euros, an increase of 14% over the previous year.
• A dividend of 225 million Euros was paid to shareholders.

ACCIONA's tax contribution in 2022 was more than three times net profit and almost seven times the dividend.