E.on Se · XETR:EOAN
E.on — Investor Presentation (May 2021)
88 slides from E.on's investor presentation, May 10, 2021
Slide 1: Facts & Figures Edition 2021
Facts & Figures Edition 2021 incl. FY20 Financials
Slide 2: Content
Content 1 E.ON Group 2-8 2 Sustainability 9 - 14 3 Energy Networks 15 - 51 4 Customer Solutions 52 - 69 5 Non-Core 70 - 80 6 Financials 81 - 85 2
Slide 3: E.ON at a glance
E.ON at a glance Core EBIT1 2020 Group EBIT1 Our divisions € bn 3.8 Energy Networks Customer Customer Solutions Solutions Adj. Net Income1 € bn 1.6 €3.3bn €0.5bn 1. Adjusted for non-operating effects. 3
Slide 4: E.ON is divided into two main businesses
E.ON is divided into two main businesses Corporate Energy Networks Customer Solutions Non-Core Functions Germany Germany PreussenElektra Sweden UK Turkey Generation5 CEE1 & Turkey2 Benelux3 Other4 Core businesses Non-core business 1. E.ON operates Energy Networks in Central and Eastern Europe, inclu
Slide 5: E.ON's two core businesses
E.ON’s two core businesses Energy Networks Customer Solutions ~€35bn Regulated Asset Base1 ~53m customers across Europe3 Germany €22.4bn Germany 13.9m Sweden €4.8bn UK 10.3m CEE & Turkey2 €7.7bn Other ~28m3 ~78 GW Renewables capacity ~33% of adj. EBIT4 from Energy connected Infrastructure Solutions
Slide 6: E.ON's Board of Management
E.ON’s Board of Management Dr.-Ing.Loenhard Birnbaum Dr. Thomas König Dr. rer.nat. Victoria Ossadnik Dr. Marc Spieker Patrick Lammers Chief Executive Officer Chief Operating Officer – Chief Operating Officer - Chief Financial Officer Chief Operating Officer – • Communications & Networks Digital • Fi
Slide 7: E.ON Supervisory Board Shareholder representatives
E.ON Supervisory Board Shareholder representatives Klaus Fröhlich Dr. Rolf Martin Schmitz Born 1960, German Born 1957, German Member since 2018 Member since 2019 Expert in brand and product strategies and Extensive management and strategy digitization; particular focus on e-mobility expertise paired
Slide 8: E.ON Supervisory Board Employee representatives
E.ON Supervisory Board Employee representatives Eugen Gheorghe Luha René Pöhls Born 1957, Romanian Born 1970, German Member since 2012 Member since 2019 Profound expertise in the gas business Expert in network operation, HR and experience in co-determination Szilvia Pinczésné Márton Fred Schulz Born
Slide 9: Content
Content 1 E.ON Group 2-8 2 Sustainability 9 - 14 3 Energy Networks 15 - 51 4 Customer Solutions 52 - 69 5 Non-Core 70 - 80 6 Financials 81 - 85 9
Slide 10: Climate targets and progress on GHG emissions
Climate targets and progress on GHG emissions E.ON‘s commitment E.ON‘s progress Climate targets communicated GHG emissions development (million metric tons) Scope 1 Scope 2 Scope 3 -10% Scope -75%1 by 2030 120.1 108.1 1&2 -100%1 by 2040 -7% -8% 44.3 4.8 4.5 41.8 3.9 3.6 1.9 70.8 61.3 1.8 4.5 4.2 1.9
Slide 11: Sustainability Reporting 2020
Sustainability Reporting 2020 Sustainability Report 2020 will Integration be fully consolidated reporting Successful integration in content and data collection process innogy 2019 2020 • In 2020 we intensified our efforts to manage the interface between sustainability Significant progress in integra
Slide 12: E.ON's sustainability ratings
E.ON‘s sustainability ratings Rating: AA Text 1 4 Rated on a AAA to CCC scale High relative performance E.ON listed on ESG Risk Rating: 23.6 2 Text 1 Rated on a 0 to 40+ scale Rank 8 out of 55 in subindustry group Rating: 61 Text 3 1 Scored on a 0 to 100 scale Rank 19 out of 61 in industry group, A
Slide 13: Sustainability Facts & Figures - Environment
Sustainability Facts & Figures - Environment E Sources of emissions CO2 equivalents in million metric tons Customers receiving certified green electricity (GWh) 2019 1 8.770 2020 29.681 Customers receiving certified green electricity 2019 1 2020 4.5 9.3 products (million) Scope 1 3.88 3.56 Green Ele
Slide 14: Sustainability Facts & Figures – Social & Governance
Sustainability Facts & Figures – Social & Governance S TRIF 1 E.ON Group total | incl contractors E.ON Group total | own employees 2019 2 2.5 2.5 2020 2.3 2.4 Proportion of women (%) Women managers5 Female workforce 6 2019 21% 33% 2020 21% 32% LTIF3 2019 2 2020 Completed human rights onboarding proc
Slide 15: Content
Content 1 E.ON Group 2-8 2 Sustainability 9 - 14 3 Energy Networks 15 - 51 • Germany 22 - 29 • Sweden 30 - 32 • CEE & Turkey 33 - 51 4 Customer Solutions 52 - 69 5 Non-Core 70 - 80 6 Financials 81 - 85 15
Slide 16: Energy Networks at a glance
Energy Networks at a glance What we do Energy Networks provides the infrastructure for the new energy world. We manage our power and gas grids in a smart and digitalized way. We enable economic growth by connecting new residential and industrial areas and we help the societies in their sustainab
Slide 17: Energy Networks — Geographies
Energy Networks — Geographies Regulated Asset Base (RAB) € bn Total RAB1,2 34.9 Sweden Germany CEE3,4 &Turkey4 4.8 22.4 7.7 Power RAB Gas RAB 1. RAB is the value of all distribution assets determined by the regulator. In general, RABs from different regulatory regimes are not directly comparable due
Slide 18: Energy Networks — Overview
Energy Networks — Overview Regulated Asset Base 20201 Grid length (‘000 km)2 705 Sweden Germany ∑ Grid length: 1,441 597 €4.8bn €22.4bn ∑ Grid length: 151 ~€34.9bn2 105 139 46 CEE & Turkey Germany Sweden CEE & Turkey €7.7bn EBIT3 2020 Market share (%) ~88% of Sweden group 38% €0.4bn core 25% 21% 20%
Slide 19: Energy Networks — Financial overview
Energy Networks — Financial overview Germany Sweden CEE/Turkey2 Total 1 1 1 1 €m 2019 2020 2019 2020 2019 2020 2019 2020 3 Adjusted EBITDA 3,721 3,628 692 529 951 1,042 5,364 5,199 3 Adjusted EBIT 2,358 2,182 539 371 602 700 3,499 3,253 Investments (cash-effective) 2,254 2,365 313 353 582 668 3,149
Slide 20: Energy Networks — Earnings components
Energy Networks — Earnings components Germany Sweden 1 2020 CEE Total EBITDA (€ bn) 3.6 0.5 0.8 Components of total EBITDA ( %) Grid business 82 99 98 thereof regulatory depreciation 28 44 51 Other incl. additional business 9 1 2 Income from participations 9 0 0 Germany Sweden 1 2020 CEE Total EBIT
Slide 21: Energy Networks — Upcoming regulatory periods
Energy Networks — Upcoming regulatory periods Hungary 2021 - 2024 Turkey 2021 - 2025 Czech Republic 2021 - 2025 Poland1 2023+ Slovakia2 2023+ Sweden 2024 - 2027 Power Romania 2024 - 2028 Germany 2024 - 2028 2021 2022 2023 2024 2025 2026 2027 2028 2029 Hungary3 2021 - 2024 Czech Republic 2021 - 2025
Slide 22: Content
Content 1 E.ON Group 2-8 2 Sustainability 9 - 14 3 Energy Networks 15 - 51 • Germany 22 - 29 • Sweden 30 - 32 • CEE & Turkey 33 - 51 4 Customer Solutions 52 - 69 5 Non-Core 70 - 80 6 Financials 81 - 85 22
Slide 23: Energy Networks Germany — Business overview
Energy Networks Germany — Business overview Germany 2019 2020 2019 2020 Grid length Grid conduct Power ('000km)1 705 705 Wheeling volumes power (TWh)2 238 227 4 Market share (%) 38 38 Wheeling volumes gas (TWh) 173 171 Gas ('000km)1 103 105 RAB power & gas (€ bn) 3 21.9 22.4 Market share (%) 5 20 21
Slide 24: Energy Networks Germany — Concessions business
Energy Networks Germany — Concessions business Outstanding track record Existing concessions • The German networks business is based on long-term concessions granted by municipalities in the network area Non-concession- Concession- • The German networks business holds more than 9,000 concessions wit
Slide 25: Energy Networks Germany — Regulatory environment power & gas
Energy Networks Germany — Regulatory environment power & gas Process steps of regulatory system1 Basics Method: Revenue cap (incentive regulation) Regulatory period: 5 years - power: 3rd reg. period: 2019-2023, gas: 3rd regulatory period: 2018-2022 Cost audit + every 5 years Cost audit and ben
Slide 26: Energy Networks Germany — Regulatory schedule
Energy Networks Germany — Regulatory schedule Power distribution1 - illustration Commentary 2nd regulatory period 3rd regulatory period Allowed capital costs increase due Reduction of allowed regulatory interest rates in 3rd period to higher investments above 3rd regulatory period: depreciation • Op
Slide 27: Germany — Building blocks of allowed revenues
Germany — Building blocks of allowed revenues Schematic illustration for 2020 (power & gas) ~€21.2bn Gas1 (New) ~€1.1bn Gas ~€3.4bn (Old) Totex indexed to thereof CPI and subject to ~ €4.0bn power general and individual Power ~€10.2bn efficieny targets ~ €0.7bn gas ~€9.6bn (New) thereof ~€4.7bn ~ €8
Slide 28: Energy Networks Germany — Determination of regulatory returns
Energy Networks Germany — Determination of regulatory returns Regulatory returns in German power networks 2nd regulatory period 3rd regulatory period 1 1 1 1 Equity return New assets Old assets Total New assets Old assets Total Asset share 32% 68% 100% 53% 47% 100% Base rate 3.80% 2.24% 2.49% 1.04%
Slide 29: Energy Networks Germany — Results from participations 2020
Energy Networks Germany — Results from participations 2020 Company Contribution to E.ON result (€m) 1 2019 2020 Energy Networks 304 314 At equity consolidation 219 222 Städtische Werke Magdeburg GmbH & Co. KG 12 18 GASAG AG 11 14 Dortmunder Energie- und Wasserversorgung GmbH 15 12 RheinEnergie AG 34
Slide 30: Content
Content 1 E.ON Group 2-8 2 Sustainability 9 - 14 3 Energy Networks 15 - 51 • Germany 22 - 29 • Sweden 30 - 32 • CEE & Turkey 33 - 51 4 Customer Solutions 52 - 69 5 Non-Core 70 - 80 6 Financials 81 - 85 30
Slide 31: Energy Networks Sweden — Business overview
Energy Networks Sweden — Business overview 1 Sweden 2019 2020 2019 2020 Grid length Grid conduct Power ('000km) 138 139 Wheeling volumes power (TWh) 36 35 Market share (%) 25 25 Wheeling volumes gas (TWh) - Gas ('000km) - - RAB power & gas (€bn) 2 3.8 4.8 Market share (%) - - Major shareholdings E.O
Slide 32: Energy Networks Sweden — Regulatory environment power
Energy Networks Sweden — Regulatory environment power Overview Key Cost factors Basics • Regulatory return (WACC) on RAB (pre-tax, real): 2.16%3 • Method: Revenue cap • RAB set once a period by the regulator based on standard prices applied to • Regulatory period: 2020-2023 recognized historic asset
Slide 33: Content
Content 1 E.ON Group 2-8 2 Sustainability 9 - 14 3 Energy Networks 15 - 51 • Germany 22 - 29 • Sweden 30 - 32 • CEE & Turkey 33 - 51 4 Customer Solutions 52 - 69 5 Non-Core 70 - 80 6 Financials 81 - 85 33
Slide 34: Energy Networks Czech Republic — Business overview
Energy Networks Czech Republic — Business overview 1 Czech Republic 2019 2020 2019 2020 Grid length Grid conduct Power ('000km) 66 66 Wheeling volumes power (TWh) 14 14 Market share (%) 28 28 Wheeling volumes gas (TWh) 3 3 2 Gas ('000km) 5 5 RAB power and gas (€ bn) 1.8 1.9 Market share (%) 6 6 Majo
Slide 35: Energy Networks Czech Republic — Regulatory environment power
Energy Networks Czech Republic — Regulatory environment power Overview Key cost factors Basics Capex • Method: Revenue cap • Regulatory return (WACC) on RAB (pre-tax, nominal): 6.54% • Regulatory period: 2021-2025 • Depreciation period for power lines is 40 years • Next regulatory period1: 2026-2030
Slide 36: Energy Networks Czech Republic — Regulatory environment gas
Energy Networks Czech Republic — Regulatory environment gas Overview Key cost factors Basics Capex • Method: Revenue cap • Regulatory return (WACC) on RAB (pre-tax, nominal): 6.43% • Regulatory period: 2021-2025 • Depreciation period for gas pipes is 40 years • Next regulatory period1: 2026-2030 • A
Slide 37: Energy Networks Hungary — Business overview
Energy Networks Hungary — Business overview 1 Hungary 2019 2020 2019 2020 Grid length Grid conduct Power ('000km) 130 133 Wheeling volumes power (TWh) 36 36 Market share (%) 79 81 Wheeling volumes gas (TWh) 15 15 2 Gas ('000km) 18 18 RAB power and gas (€ bn) 2.4 2.3 Market share (%) 23 21 Major shar
Slide 38: Energy Networks Hungary — Restructuring overview
Energy Networks Hungary — Restructuring overview Before Transaction After Transaction2 DSO ÉMÁSZ ELMŰ E.ON ETI DSO & USP1 E.ON innogy MVM Group USP1 38 1. Universal Service Provider. 2. The remaining steps of the Framework Agreement are expected to be implemented in 2021; MVM Group to hold 25% of E.
Slide 39: Energy Networks Hungary — Regulatory framework power
Energy Networks Hungary — Regulatory framework power – from April 1st 2021 Overview Key cost factors Basics Capex • Method: Price cap1 • Regulatory return (WACC) on RAB (pre-tax, real): 3.36% • Regulatory period: April 1st 2021-2024 • Annual adjustments of RAB for inflation and depreciation • Next r
Slide 40: Energy Networks Hungary — Regulatory environment gas
Energy Networks Hungary — Regulatory environment gas Overview Key cost factors Basics Capex • Method: Price cap • Regulatory return (WACC) on RAB (pre-tax, real) • Regulatory period: 2017-20201 until Sep 30th 2021: 4.62% • Next regulatory period: Oct 1st 2021-20241 • Annual adjustments of RAB for in
Slide 41: Energy Networks Poland — Business overview
Energy Networks Poland — Business overview 1 Poland 2019 2020 2019 2020 Grid length Grid conduct Power ('000km) 18 18 Wheeling volumes power (TWh) 8 7 Market share (%) 2 2 Wheeling volumes gas (TWh) - - Gas ('000km) - - RAB power and gas (€ bn) 2 0.7 0.7 Market share (%) - - Major shareholdings inno
Slide 42: Energy Networks Poland — Regulatory environment power
Energy Networks Poland — Regulatory environment power Overview Key cost factors Basics Capex • Method: Price cap • Risk free rate and WACC set yearly (pre-tax, nominal ): 5.51% for 2020 • Regulatory period: 2016-2020, prolonged by “transition” year 2021 • Annual adjustment of RAB for inflation and d
Slide 43: Energy Networks Romania — Business overview
Energy Networks Romania — Business overview 1 Romania 2019 2020 2019 2020 Grid length Grid conduct Power ('000km) 82 82 Wheeling volumes power (TWh) 6 6 Market share (%) 17 17 Wheeling volumes gas (TWh) 26 27 2 Gas ('000km) 23 23 RAB power and gas (€ bn) 0.8 0.8 Market share (%) 45 45 Major sharehol
Slide 44: Energy Networks Romania — Regulatory environment power
Energy Networks Romania — Regulatory environment power Overview Key cost factors Basics Capex • Method: Price cap tariffs basket with actual volume acceptance (1 year time • Regulatory return (WACC) on RAB (pre-tax, real): 6.39% plus 1pp or 2pp4 lag)1 • Adjustments of RAB for inflation (CPI), invest
Slide 45: Energy Networks Romania — Regulatory environment gas
Energy Networks Romania — Regulatory environment gas Overview Key cost factors Basics Capex • Method: Revenue cap1 • Regulatory return (WACC) on RAB (pre-tax, real): 6.39% plus 1pp or 2pp5 • Regulatory period: 2019-20232 • Adjustments of RAB for inflation (CPI), investments recognized without time l
Slide 46: Energy Networks Slovakia — Business overview
Energy Networks Slovakia — Business overview Slovakia 1,2 2019 3 2020 2019 3 2020 Grid length Grid conduct Power ('000km) 39 62 Wheeling volumes power (TWh) 10 13 Market share (%) 49 69 Wheeling volumes gas (TWh) - - Gas ('000km) - - RAB power and gas (€ bn) 0.6 1.0 Market share (%) - - Major shareh
Slide 47: Energy Networks Slovakia — Regulatory environment power
Energy Networks Slovakia — Regulatory environment power Overview Key cost factors Basics Capex • Method: Price cap • Regulatory return (WACC pretax, nominal) on RAB: set annually; 5.81% • Regulatory period: 2017-2021 prolonged by one year to 2022 for 2020 • Next regulatory period1: 2023+ • RAB: Depr
Slide 48: Energy Networks Turkey — Overview
Energy Networks Turkey — Overview Enerjisa Enerji (networks & retail): Free float #1 Distribution network operator by grid length #1 Energy supplier by customer number 40% 40% 20% Istanbul 236,000 km 10.1m retail 2.3 Ankara networks customers Adana Network presence 48
Slide 49: Energy Networks Turkey — Financial overview
Energy Networks Turkey — Financial overview 1 Enerjisa Enerji (networks & retail) 2019 2020 Revenues (TRL m) 19,453 21,757 EBITDA + capex reimbursement 2 (TRL m) 4,427 4,684 Net Income (TRL m) 1,034 1,088 3 E.ON share 40% (€ m) 64 55 Acquisition related depreciation charges (run rate) -5 -5 Equity E
Slide 50: Energy Networks Turkey — Networks and Retail
Energy Networks Turkey — Networks and Retail Networks 2019 2020 Retail 2019 2020 Power grid length ('000km) 1 232 236 Power sales (TWh) 36.1 34.0 Market share (%) 1 20 20 Market share (%) 3 15 14 Wheeling Power (TWh) 46 46 # of customers 9.9 10.1 2 RAB (€ bn) 1.3 1.0 Market share (%) 3 22 22 RAB (TR
Slide 51: Energy Networks Turkey — Regulatory environment networks & retail
Energy Networks Turkey — Regulatory environment networks & retail Networks Regulatory incentive framework Regulatory - WACC (Pre-tax real, local currency)1 4rd regulatory period: 2021-2025 Opex outperformance, Capex Return on RAB (RAB 2020: TRL 9.4bn) outperformance and quality bonus Theft & l
Slide 52: Content
Content 1 E.ON Group 2-8 2 Sustainability 9 - 14 3 Energy Networks 15 - 51 4 Customer Solutions 52 - 69 • Energy Retail 57 - 65 • Energy Infrastructure Solutions 66 - 69 5 Non-Core 70 - 80 6 Financials 81 - 85 52
Slide 53: Customer Solutions – Business overview
Customer Solutions – Business overview Energy Infrastructure Energy Retail Solutions (EIS) Energy Sales encompasses the supply of The EIS business offers cities, municipalities and electricity, gas and heat as well as adjacent industrial customers innovative energy solutions services. (heat & co
Slide 54: E.ON's market position in Energy Retail
E.ON’s market position in Energy Retail Customer accounts1 Thereof: electricity customers1 million million Top 3 +0.2% 41.2 41.3 -0.2% 11.6 11.7 Top 2 6.2 52.7 52.6 6.6 2.5 2.5 10.7 10.8 13.8 13.9 9.8 10.1 Top 1 Top 3 FY 2019 FY 2020 Top 1 Top 2 10.9 10.3 Top 5 Thereof: gas customers1 Top 1 4.6 4.6
Slide 55: Customer Solutions — Operational overview
Customer Solutions — Operational overview Electricity sales Gas sales TWh1 TWh1 213 5% 196 164 156 121 120 112 94 80 77 74 71 66 69 19 20 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 Other2 Other2 1. Wholesale market included. Volumes per country, non-consolidated.
Slide 56: Customer Solutions — Financial overview
Customer Solutions — Financial overview Adjusted EBIT1 2020 by customer segment € bn ~33% 0.5 ~67% Energy retail2 Energy Infrastructure Solutions (EIS) Germany UK Benelux Other4,5 Total 3 3 3 € bn 2019 2020 2019 2020 2019 2020 2019 3 2020 2019 3 2020 Adjusted EBITDA1 648 546 -10 1 192 152 296 307 1.
Slide 57: Content
Content 1 E.ON Group 2-8 2 Sustainability 9 - 14 3 Energy Networks 15 - 51 4 Customer Solutions 52 - 69 • Energy Retail 57 - 65 • Energy Infrastructure Solutions 66 - 69 5 Non-Core 70 - 80 6 Financials 81 - 85 57
Slide 58: Energy Retail — Germany & UK
Energy Retail — Germany & UK Germany 2019 2020 UK 2019 2020 1 5 Power sales (TWh) 213.1 196.2 Power sales (TWh) 79.6 76.6 # of E.ON customers - power (m)² 11.6 11.7 # of E.ON customers - power (m) 7 5.9 5.5 3 # of customers total market - power (m) 46.1 46.1 # of customers total market - power (m)6
Slide 59: Energy Retail — Benelux & Italy
Energy Retail — Benelux & Italy 1,2 Benelux 2019 2020 Italy 2019 2020 Power sales (TWh) 19.4 20.3 Power sales (TWh) 9.9 9.8 # of E.ON customers - power (m)³ 2.5 2.5 # of E.ON customers - power (m) 0.4 0.4 # of customers total market - power (m) 9.3 9.3 # of customers total market - power (m)4 17.0 1
Slide 60: Energy Retail — Sweden & Poland
Energy Retail — Sweden & Poland Sweden 2019 2020 Poland 2019 2020 Power sales (TWh) 13.3 13.7 Power sales (TWh) 5.6 5.5 # of E.ON customers - power (m) 0.8 0.8 # of E.ON customers - power (m) 3 1.0 1.0 1 # of customers total market - power (m) 5.4 5.5 # of customers total market - power (m)4 17.6 17
Slide 61: Energy Retail — Czech Republic & Hungary
Energy Retail — Czech Republic & Hungary 2 Czech Republic 2019 2020 Hungary 2019 2020 Power sales (TWh) 16.4 16.3 Power sales (TWh) 26.5 25.8 # of E.ON customers - power (m) 1.0 1.0 # of E.ON customers - power (m) 3 4.6 4.6 1 # of customers total market - power (m) 6.0 6.1 # of customers total marke
Slide 62: Energy Retail — Romania & Slovakia
Energy Retail — Romania & Slovakia 5 Romania 2019 2020 Slovakia 2019 2020 Power sales (TWh) 5.5 4.7 Power sales (TWh) 6.0 9.3 # of E.ON customers - power (m) 1 1.4 1.5 # of E.ON customers - power (m) 3 0.9 1.3 # of customers total market - power (m)2 9.1 9.3 # of customers total market - power (m)4
Slide 63: Energy Retail — Croatia & Slovenia
Energy Retail — Croatia & Slovenia 1 2 Croatia 2019 2020 Slovenia 2019 2020 Power sales (TWh) 1.1 0.8 Power sales (TWh) 0.2 0.2 # of E.ON customers - power (m) 0.2 0.1 # of E.ON customers - power (m) 0.04 0.03 # of customers total market - power (m) 2.0 2.0 # of customers total market - power (m)³ 0
Slide 64: Future Energy Home
Future Energy Home Market leading position in several European markets >50k heating devices sold and installed in 2020 and Home >1.1m active service contracts Heating Heat pump share more than doubled E.ON Solar Clean Energy Service & PV & Storage Cloud Tariffs Maintenance Excellent customer experie
Slide 65: E.ON eMobility Solutions
E.ON eMobility Solutions Launch of new solutions to facilitate sales, e.g. OMNe Co-operations with other OEMs, such as VW to develop mobile quick-chargers and Nissan to develop vehicle-to- eMobility grid solutions Solutions Strong partner for charging solutions for BMW in Germany and Scandinavia ~6,
Slide 66: Content
Content 1 E.ON Group 2-8 2 Sustainability 9 - 14 3 Energy Networks 15 - 51 4 Customer Solutions 52 - 69 • Energy Retail 57 - 65 • Energy Infrastructure Solutions 66 - 69 5 Non-Core 70 - 80 6 Financials 81 - 85 66
Slide 67: Energy Infrastructure Solutions at a glance
Energy Infrastructure Solutions at a glance Customers >1.5 m # of plants ~4,100 Heat, chill & steam - # networks ~ 350 - Length ~ 5,000km - Production ~19 TWh Electricity production ~12 TWh Sales 2020 ~€ 2bn Employees >4,700 Serving customers all over Europe across 15 countries 67 Core regions Growt
Slide 68: EIS provides energy solutions to four customer segments
EIS provides energy solutions to four customer segments based on three business models Core customer Public & Real estate Commercial Industry segments municipal entities Core solutions Solutions Energy Waste heat Local energy Digital Heat Cooling Power Efficiency recovery networks Services E-Mobilit
Slide 69: Energy Infrastructure Solutions in figures
Energy Infrastructure Solutions in figures Heat networks as part of City Energy Solutions 2019 2020 Energy Infrastructure Solutions (EIS) 2019 2020 1 3 Germany On-site Generation (incl. industrial generation) (MW) 1,727 1,686 Heat sales (TWh) 6.6 5.1 Thereof Germany4,5 1,069 1,119 2 Market share (%)
Slide 70: Content
Content 1 E.ON Group 2-8 2 Sustainability 9 - 14 3 Energy Networks 15 - 51 4 Customer Solutions 52 - 69 5 Non-Core 70 - 80 • PreussenElektra 70 - 75 • Turkey Generation 76 - 80 6 Financials 81 - 85 70
Slide 71: PreussenElektra — Business overview
PreussenElektra — Business overview What we do: Active and operated by PreussenElektra Shut down PreussenElektra covers our nuclear generation activities in Decommissioning Brunsbüttel Germany Headquarters PreussenElektra Stade Brokdorf The German nuclear exit, which was decided in 2011, will Un
Slide 72: PreussenElektra — Decommissioning (Process overview)
PreussenElektra — Decommissioning (Process overview) Decommissioning of a nuclear power plant1 Shut down phases 30-40 years 1-3 years 4 years 10-15 years 2 years Service operation and dismantling Post operation and Service operation and dismantling Power production (Fuel on site) Site cleaning and d
Slide 73: PreussenElektra — Financial highlights
PreussenElektra — Financial highlights Financials Nuclear power sales (TWh) 2019 2020 €m 2019 2020 Owned generation (accounting view) 30.1 28.4 Revenues 1,174 1,388 Purchases 2.5 1.4 3 Adjusted EBITDA 1 543 895 thereof jointly owned power plants (E.ON has minority interest) 0.9 - Adjusted EBIT 1 292
Slide 74: PreussenElektra — Decommissioning (site overview)
PreussenElektra — Decommissioning (site overview) German nuclear power plants shut down Capacity E.ON share Shut down Start of Current Progress of MW % year decommissioning phase decommissioning E.ON as operator Würgassen 670 100 1995 1997 Decommissioning Stade 640 67 2003 2005 Decommissioning Isar
Slide 75: PreussenElektra — Decommissioning (provisions mechanics)
PreussenElektra — Decommissioning (provisions mechanics) Schematic illustration of provision building at E.ON1 Provision utilization for German nuclear €m 351 361 Real discount rate: -2.0% t0 t0 t+1 t+2 t+n 2019 2020 Costs for decommissioning Decommissioning provisions Accretion2 Current cost approa
Slide 76: Content
Content 1 E.ON Group 2-8 2 Sustainability 9 - 14 3 Energy Networks 15 - 51 4 Customer Solutions 52 - 69 5 Non-Core 70 - 80 • PreussenElektra 70 - 75 • Turkey Generation 76 - 80 6 Financials 81 - 85 76
Slide 77: Generation Turkey — Financial overview
Generation Turkey — Financial overview Enerjisa Üretim (Generation & Trading) 50% 50% Enerjisa Üretim (generation & trading) 1 2019 2020 Revenues (TRL m) 6,559 9,345 2 EBITDA (TRL m) 2,404 2,383 Net Income (TRL m) 1,172 963 E.ON share of 50% (€ m) 3 93 61 Acquisition related depreciation charges (ru
Slide 78: Generation Turkey — Asset overview (1)
Generation Turkey — Asset overview (1) Assets Enerjisa Üretim1 Generation Production Start-up Remuneration per Power plant Type Revenue stream capacity (MW) (GWh) year MWh In operation Market prices; Bandırma-I Gas 936 4,996 2010 capacity mechanism2 Market prices; Bandırma-II Gas 607 3,423 2016 capa
Slide 79: Generation Turkey — Asset overview (2)
Generation Turkey — Asset overview (2) 1 Assets Enerjisa Üretim Generation Production Start-up Remuneration Power plant Type Revenue stream capacity (MW) (GWh) year USD/MWh Çambaşı Hydro 44 129 2013 FIT $73 Kavşakbendi Hydro 191 676 2014 FIT $73 Arkun Hydro 245 606 2014 FIT $73 Yamanlı II Hydro 82 2
Slide 80: Generation Turkey — Regulatory Environment
Generation Turkey — Regulatory Environment Renewables (Feed in Tariff) USD denominated (USD/MWh) Incentive framework • Stable cash flows from USD-denominated feed-in tariffs (for 10 years) 133 73 73 • Annual flexibility to opt for either feed in tariffs or market prices • Higher feed in tariff if fo
Slide 81: Content
Content 1 E.ON Group 2-8 2 Sustainability 9 - 14 3 Energy Networks 15 - 51 4 Customer Solutions 52 - 69 5 Non-Core 70 - 80 6 Financials 81 - 85 81
Slide 82: Relevant at-equity participations of E.ON
Relevant at-equity participations of E.ON E.ON share 1 At equity contribution Company Description % to E.ON result (€ m) 2019 2 2020 Energy Networks Germany Städtische Werke Magdeburg GmbH & Co. KG Municipal utility (energy, water) in the city of Magdeburg 26.7 12.4 17.8 MAINGAU Energie GmbH Municip
Slide 83: E.ON's Financials: Adjusted EBITDA and EBIT
E.ON’s Financials1 Adjusted EBITDA1 Adjusted EBIT1 €m FY 20192 FY 2020 €m FY 20192 FY 2020 Energy Networks 5,364 5,199 Energy Networks 3,499 3,253 Germany 3,721 3,628 Germany 2,358 2,182 Sweden 692 529 Sweden 539 371 CEE & Turkey 951 1,042 CEE & Turkey 602 700 Customer Solutions 1,126 1,006 Customer
Slide 84: E.ON's Financials: OCFbIT and Investments
E.ON’s Financials1 OCFbIT Investments (cash-effective) €m FY 20192 FY 2020 €m FY 20192 FY 2020 Energy Networks 4,255 5,242 Energy Networks 3,149 3,386 Germany 2,455 3,614 Germany 2,254 2,365 Sweden 718 612 Sweden 313 353 CEE & Turkey 1,082 1,016 CEE & Turkey 582 668 Customer Solutions 378 726 Custom
Slide 85: E.ON's Financials: At-equity contribution and P&L
E.ON’s Financials1 At-equity contribution to adjusted EBITDA/EBIT1 Profit & Loss 2 €m FY 20192 FY 2020 €m FY 2019 FY 2020 1 Energy Networks 349 366 Adjusted EBITDA 6,904 6,905 Germany 219 224 Depreciation/amortization recognized in Adjusted EBIT -2,839 -3,129 Sweden 0 0 Adjusted EBIT1 4,065 3,776 CE
Slide 86: Appendix
Appendix Facts & Figures 2021 86
Slide 87: Glossary & List of Abbreviations
Glossary & List of Abbreviations AI Artificial Intelligence HV High Voltage SDG Sustainable Development Goals ARO Asset Retirement Obligation HVAC Heat Ventilation and Air Conditioning SME Small and medium-sized enterprises B2B Business to Business IT Information Technology TCFD Task Force on Climat
Slide 88: 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