Slide 1: FY 2017 results
FY 2017 results 1 Financial Details 2 Contacts, Calendar & Disclaimer
Slide 2: Financial Highlights
1 Financial Highlights FY 2017 results EBIT Adj. Net Income • Energy Networks: +16% YoY. • €523 m above last years Higher regulated revenues in FY 2017 result Germany and CEE and tariff • Improvement YoY mainly €m FY 2016 FY 2017 % YoY increases in Sweden driven by significant lower • Customer Solut
Slide 3: Q4 2017: Catch-up completed
1 Q4 2017: Catch-up completed FY 2017 results EBIT1 FY 2017 vs. FY 2016 Key FY 2017 Effects €m FY 2016 w/o Energy 3.083 Networks + Higher regulated revenues in Germany and div. operations CEE (esp. Hungary, Czech Republic) Energy + Tariff increases in Sweden 270 Networks Customer + Price increases i
Slide 4: Segment: Energy Networks
1 Segment: Energy Networks FY 2017 results Energy Networks Highlights EBIT1 € m +16% • Germany: + Regulatory effects 1,941 + Lower maintenance cost 1,671 • Sweden: 1,050 Germany 894 + Tariff increases • CEE & Turkey: Sweden 398 474 + Tariff increases in Hungary CEE & Turkey 379 417 + Higher allowed
Slide 5: Segment: Customer Solutions
1 Segment: Customer Solutions FY 2017 results Customer Solutions Highlights EBIT1 € m • Germany: -35% – Lower power & gas margins due to higher prices especially TSO2 812 fees Germany 232 – Provision building in Q4 2017 526 + Price increases as per Q2 2017 118 UK 365 • UK: 250 – Higher ECO3 costs &
Slide 6: Segment: Renewables
1 Segment: Renewables FY 2017 results Renewables Highlights EBIT1 € m +6% • Offshore: + Better wind conditions especially in Q4 2017 430 454 – Arkona book gain in Q2 2016 • Onshore: Offshore/Other 338 337 + COD of Colbeck’s Corner in May 2016 + Higher production of US wind farms Onshore/Solar 92 117
Slide 7: Segment: PreussenElektra
1 Segment: PreussenElektra FY 2017 results PreussenElektra Highlights EBIT1 € m – Lower volumes due to Brokdorf outage -8% – Lower achieved power prices 553 + End of nuclear fuel tax payments in 2016 506 + One-off effects in relation to court cases & KFK solution FY 2016 FY 2017 Hedged Prices German
Slide 8: Adjusted Net Income
1 Adjusted Net Income FY 2017 results €m FY 2016 FY 2017 % YoY Economic interest EBITDA 1 4,939 4,955 +0 expense (net) • Improvement mainly driven Depreciation/amortization -1,827 -1,881 -3 by significant lower interest EBIT 1 3,112 3,074 -1 accretion of nuclear provisions (~€750m), while Economic i
Slide 9: Economic interest expense (net)
1 Economic interest expense (net) FY 2017 results Difference (in €m FY 2016 FY 2017 € m) Interest from financial assets/liabilities -614 -673 -59 Interest cost from provisions for pensions and similar provisions -84 -82 +2 Accretion of provisions for retirement obligation and similar provisions -841
Slide 10: Reconciliation of Adj. EBIT to IFRS Net Income
1 Reconciliation of Adj. EBIT to FY 2017 results IFRS Net Income €m FY 2016 FY 2017 % YoY 1 EBITDA 4,939 4,955 +0 Depreciation/Amortization/Impairments -1,827 -1,881 -3 1 EBIT 3,112 3,074 -1 Economic interest expense (net) -1,452 -744 +49 Net book gains 63 375 +495 Restructuring -274 -541 -97 Mark-t
Slide 11: High cash conversion rate of 109% supported by strong operating cash flow
1 High cash conversion rate2 of 109% supported by FY 2017 results strong operating cash flow FY 2017 € bn CCR2: + 109% 5.4 5.0 0.6 -0.1 -0.7 4.3 -0.5 -3.3 0.9 EBITDA1 Cash Changes in WC OCF bIT4 Interest Payments5 Tax Payments OCF Capex FCF Adjustments3 1. Adjusted for non operating effects, 2. Cash
Slide 12: END improves significantly due to high cash flow and refund of nuclear fuel tax
1 END improves significantly due to high cash flow and FY 2017 results refund of nuclear fuel tax END1 FY 2017 vs. FY 2016 € bn +7.1 -10.6 Operating Cash Flow: -3.6 -21.4 -3.0 0.6 -5.0 0.6 3.1 -19.2 -4.0 4.3 -10.3 -0.9 10.1 -26.3 0.4 1.35 0.8 -3.3 -0.6 END FY OCF2 Cash KFK Investments ABB5 Dividend
Slide 13: Economic Net Debt
1 Economic Net Debt1 FY 2017 results €m 31 Dec 2016 31 Dec 2017 Liquid funds 8,573 5,160 Non-current securities 4,327 2,749 Financial liabilities -14,227 -13,021 Adjustment FX hedging ² 390 114 Net financial position -937 -4,998 Provisions for pensions -4,009 -3,620 Asset retirement obligations -21,
Slide 14: Cash effective investments by unit
1 Cash effective investments FY 2017 results by unit €m FY 2016 FY 2017 % YoY Energy Networks 1,419 1,418 -0 Customer Solutions 580 595 +3 Renewables 1,070 1,225 +14 Corporate Functions & Other 106 53 -50 Consolidation -21 3 +114 PreussenElektra 15 14 -7 Investments 3,169 3,308 +4 14
Slide 15: Financial Liabilities
1 Financial Liabilities FY 2017 results Split Financial Liabilities Maturity profile (as of end FY 2017)1 € bn € bn 4.7 31 Dec 2017 Bonds -10.7 in EUR -4.0 in GBP -3.9 in USD -2.5 in JPY -0.2 in other denominations -0.1 2.0 Promissory notes -0.4 1.4 Commercial papers 0.0 1.1 Other liabilities -1.9 0
Slide 16: E.ON Investor Relations contacts
2 E.ON Investor Relations contacts FY 2017 results Alexander Karnick T+49 (201) 184 28 38 Head of Investor Relations alexander.karnick@eon.com Martina Burger T +49 (201) 184 28 07 Manager Investor Relations martina.burger@eon.com Dr. Stephan Schönefuß T +49 (201) 184 28 22 Manager Investor Relations
Slide 17: Financial calendar & important links
2 Financial calendar & important links FY 2017 results Financial calendar May 8, 2018 Quarterly Statement: January – March 2018 May 9, 2018 2018 Annual Shareholders Meeting May 14, 2018 Dividend Payment August 8, 2018 Half-Year Financial Report: January – June 2018 November 14, 2018 Quarterly Statem
Slide 18: Disclaimer
Disclaimer This presentation contains information relating to E.ON Group ("E.ON") that must not be relied upon for any purpose and may not be redistributed, reproduced, published, or passed on to any other person or used in whole or in part for any other purpose. By accessing this document you agree