E.on Se · XETR:EOAN
E.on — Investor Presentation (March 2024)
94 slides from E.on's investor presentation, March 2024
Slide 1: Facts & Figures March 2024
it‘s on us Facts & Figures March 2024 Incl. FY2023 Financial
Slide 2: We are the playmaker of the green energy transition in Europe
We are the playmaker of the green energy transition in Europe Energy Networks Energy Infrastructure Solutions Energy Retail We operate the largest energy distribution Industries and cities face major energy We are helping millions of private supply challenges on their way to climate households and e
Slide 3: Content
Content 1 Energy Networks p. 4 - 46 2 Customer Solutions p. 47 - 69 3 Corporate Functions / Other p. 70 - 76 4 Digital p. 77 - 81 5 Financials p. 82 - 89 6 Appendix p. 90 - 94
Slide 4: Energy Networks
Energy Networks 1
Slide 5: Energy Networks at a glance
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey 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
Slide 6: Energy Networks — Overview
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks — Overview Regulated Asset Base 20231,2 Grid length (‘000 km)3 694 640 Sweden Germany ∑ Grid length: 1.476 €6.4bn €25.6bn ∑ Grid length: 148 ~€42.0bn2 99 142 49 CEE & Turkey Germany Sweden CE
Slide 7: Accelerated capex deployment in line with strategic ambitions
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Accelerated capex deployment in line with strategic ambitions Capex 2023 Capex 2024-2028 >€1bn avg. annual increase ~€5.2bn1 ~€6.8bn1 p.a. p.a. P o w er P o w er ~€34bn total capex Energy Networks 97% EU tax
Slide 8: ~80% of RAB effective investments in AAA rated countries
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey ~80% of RAB effective investments in AAA rated countries Regional share of total RAB effective investments Power RAB development Local drivers €bn ~10% • Renewable connections CAGR • Major customer projects
Slide 9: Global platform bundling regional data for intelligence
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey A global platform helps bundling regional data to enable the intelligence through process mining, AI and network solutions Information Technology as well as Operation Technology & Smart Grids build the found
Slide 10: 20% of our RAB effective CAPEX is embedded in digitalization
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey 20% of our RAB effective CAPEX is embedded in digitalization Asset smartification progress in Germany Digitalization leads to smartification Networks Invest 2026 Benefit Digital interconnection of assets via
Slide 11: Energy Networks Germany: highly visible value creation
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Germany: highly visible value creation Average EBITDA composition 2024 -2028 Evolution indications Details operational ambition Growing over the plan Return on RAB ~35% from 20% to >40%1 RAB
Slide 12: Sweden, CEE and Turkey - constant growth of RAB driven earnings
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Sweden, CEE and Turkey - constant growth of RAB driven earnings accounting for ~90% of returns Average EBITDA composition 2024 -2028 Evolution indications Details Return on RAB Growth in RAB-driven earnings
Slide 13: Regulatory schemes positively geared towards inflation protection
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Regulatory schemes positively geared towards inflation protection Different regulatory protection mechanisms Allowed Country Index Time-lag Inflation protection of TOTEX total allowed cost base Germany1 CPI
Slide 14: Energy Networks — Financial overview
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks — Financial overview Germany Sweden CEE/Turkey1 Total €m 2022 2023 2022 2023 2022 2023 2022 2023 Adjusted EBITDA2 4,153 5,034 452 576 854 1,030 5,459 6,640 Adjusted EBIT2 2,587 3,329 272 391
Slide 15: Energy Networks — Upcoming regulatory periods
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks — Upcoming regulatory periods Poland1 24 25 Sweden 24 - 27 Germany 24 - 28 Romania2 18 - 24 25 - 29 Slovakia 23 - 27 Hungary3 21 -24 25 - 28 Power Turkey 21 - 25 26 - 30 Czech Republic 21 -25
Slide 16: Germany – Upcoming regulatory events
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Germany – Upcoming regulatory events January Q4 Q4 Start of new Q4 Determination of Determination of revenue cap regulatory return on equity Expected (EOG) for Power by BNetzA period (4th) expected 5th reg E
Slide 17: Energy Networks - Germany
Energy Networks - Germany 1a
Slide 18: Energy Networks Germany — Business overview
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Germany — Business overview Germany 2022 2023 2022 2023 Grid length Grid volumes and RAB Power ('000km)1 691 694 Wheeling volumes power (TWh)2 230 220 Market share (%)3 36 32 Wheeling volumes
Slide 19: Energy Networks Germany — Concession business
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Germany — Concession business Very good track record Existing concessions Non-concession- Concession- • The German networks business holds ~9,000 concessions based RAB3 based RAB with > 25m i
Slide 20: Energy Networks Germany — Regulatory environment power & gas
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey 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: 201
Slide 21: Energy Networks Germany — determination of allowed revenue
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Germany — determination of allowed revenue Allowed revenues power1 - illustration Commentary 3rd regulatory period: CAPEX • OPEX of base year 2016 are basis for allowed revenues new from 2019
Slide 22: Germany — Building blocks of allowed revenues
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Germany — Building blocks of allowed revenues Schematic illustration for revenue cap 2023 (power & gas) ~€21.0bn Gas1(New) ~€1.7bn Gas (Old) ~€2.6bn Totex indexed to thereof CPI and subject to ~ €4.0bn power
Slide 23: Determination of regulatory returns for 3rd regulatory period
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Germany — Determination of regulatory returns for 3rd regulatory period Regulatory returns in German power networks 3rd regulatory period1 Equity return New assets2 Old assets2 Total Asset sh
Slide 24: Determination of regulatory returns for 4th regulatory period
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Germany — Determination of regulatory returns for 4th regulatory period Regulatory returns in German power networks 4th regulatory period1 base year and investment 2022-2023 Capital cost adju
Slide 25: Energy Networks - Sweden
Energy Networks - Sweden 1b
Slide 26: Energy Networks Sweden — Business overview
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Sweden — Business overview Sweden1 2022 2023 2022 2023 Grid length Grid conduct Power ('000km) 141 142 Wheeling volumes power (TWh) 34 33 Market share (%) 25 25 Wheeling volumes gas (TWh) - -
Slide 27: Energy Networks Sweden — Regulatory environment power
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Sweden — Regulatory environment power Overview Key cost factors Basics • Regulatory return (WACC) on RAB (pre-tax, real): 4.53% • Method: Revenue cap • RAB set once a period by the regulator
Slide 28: Energy Networks - CEE / Turkey
Energy Networks - CEE / Turkey 1c
Slide 29: Energy Networks Czech Republic — Business overview
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Czech Republic — Business overview Hungary1 2022 2023 2022 2023 Grid length Grid conduct Power ('000km) 67 67 Wheeling volumes power (TWh) 14 13 Market share (%) 27 27 Wheeling volumes gas (T
Slide 30: Energy Networks Czech Republic — Regulatory environment power
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey 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: 202
Slide 31: Energy Networks Czech Republic — Regulatory environment gas
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey 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-
Slide 32: Energy Networks Hungary — Business overview
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Hungary — Business overview Hungary1 2022 2023 2022 2023 Grid length Grid conduct Power ('000km) 84 85 Wheeling volumes power (TWh) 25 24 Market share (%) 50 50 Wheeling volumes gas (TWh) 13
Slide 33: Energy Networks Hungary — Regulatory environment power
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Hungary — Regulatory environment power Overview Key cost factors Basics Capex • Method: Price cap1 • Regulatory return (WACC) on RAB (pre-tax, real): 3.36% • Regulatory period: 2021-20242 • A
Slide 34: Energy Networks Hungary — Regulatory environment gas
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Hungary — Regulatory environment gas Overview Key cost factors Basics Capex • Method: Price cap • Regulatory return (WACC) on RAB (pre-tax, real): 3.24% in period 2021 - 2025 • Regulatory per
Slide 35: Energy Networks Poland — Business overview
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Poland — Business overview Poland1 2022 2023 2022 2023 Grid length Grid conduct Power ('000km) 18 19 Wheeling volumes power (TWh) 8 7 Market share (%) 2 2 Wheeling volumes gas (TWh) - - Gas (
Slide 36: Energy Networks Poland — Regulatory environment power
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Poland — Regulatory environment power Overview Key cost factors Basics Capex • Method: Price cap + regulatory account from 2021 • Risk free rate and WACC (pre-tax, nominal) set yearly • Last
Slide 37: Energy Networks Romania — Business overview
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Romania — Business overview Romania1 2022 2023 2022 2023 Grid length Grid conduct Power ('000km) 83 80 Wheeling volumes power (TWh) 6 6 Market share (%) 17 16 Wheeling volumes gas (TWh) 26 24
Slide 38: Energy Networks Romania — Regulatory environment power
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Romania — Regulatory environment power Overview Key cost factors Basics Capex • Method: Price cap tariffs basket with actual volume acceptance (1 year time lag)1 • Regulatory return (WACC) on
Slide 39: Energy Networks Romania — Regulatory environment gas
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey 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 perio
Slide 40: Energy Networks Slovakia — Business overview
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Slovakia — Business overview Slovakia1,2 2022 2023 2022 2023 Grid length Grid conduct Power ('000km) 62 63 Wheeling volumes power (TWh) 14 13 Market share (%) 69 69 Wheeling volumes gas (TWh)
Slide 41: Energy Networks Slovakia — Regulatory environment power
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Slovakia — Regulatory environment power Overview Key cost factors Basics Capex • Method: Price cap • Regulatory return (WACC pretax, nominal) on RAB: 4.99% for 2023 (1st year of • Previous re
Slide 42: Energy Networks Turkey — Overview
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Turkey — Overview Enerjisa Enerji (networks & retail): Free float #1 Distribution network operator by grid length 40% 40% #1 Energy supplier by customer number 20% Istanbul 2.3 326,000 km
Slide 43: Energy Networks Turkey — Financial overview
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Turkey — Financial overview Enerjisa Enerji (networks & retail) 2022 2023 Revenues (TRY m)1,2 99,114 164,430 EBITDA + capex reimbursement1,2,3 (TRY m) 15,917 22,308 Net Income (TRY m)1,4 12,5
Slide 44: Energy Networks Turkey — Business overview
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Turkey — Business overview Networks1 2022 2023 Retail 2022 2023 Power grid length ('000km)2 318 326 Power sales (TWh) 39.2 43.1 Market share (%)2 23 23 Market share (%)4 15 17 Wheeling Power
Slide 45: Energy Networks Turkey — Regulatory environment power
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Turkey — Regulatory environment power Overview Key cost factors Basics Capex: • Method: Revenue cap • Regulatory return (WACC) on RAB (pre-tax, real): 12.3%1 • Regulatory period: 2021-2025 •
Slide 46: Energy Networks Turkey — Regulatory environment retail
Energy Networks Customer Solutions CF / Other Digital Financials Germany Sweden CEE & Turkey Energy Networks Turkey — Regulatory environment retail1 Retail Partially liberalized energy market Evolution of eligibility threshold (MWh p.a.) • Above a certain consumption threshold, customers can choose
Slide 47: Customer Solutions
Customer Solutions 2
Slide 48: Customer Solutions — Financial overview
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Customer Solutions — Financial overview Adj. EBITDA1 2023 by customer segment € bn ~0.5 Energy Retail 2.8 Energy Infrastructure Solutions (EIS) ~2.3 Germany UK Netherlands Other2 Total t/o EIS €m 2022 2023 2022 2023 2
Slide 49: Energy Retail
Energy Retail 2a
Slide 50: E.ON’s market position in Energy Retail
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS E.ON’s market position in Energy Retail Top 3 Thereof: electricity customers1,2,4 Customer accounts1,2,4 million million 0% 36.8 36.8 Top 3 ~-1% 6.5 6.7 10.6 10.7 2.1 2.1 47.6 47.3 5.6 5.4 Top 5 Top 1 Top 1 9.5 9.6 12
Slide 51: We increase focus on higher margin customers
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS We increase focus on higher margin customers Volume sold to B2B customers Customer numbers2 TWh p.a. m ~47 stable 300 9.6 10.7 All ~120 3.9 markets 8.9 ~-60%1 14.2 2020 2024 FY 2023 2024 Germany UK NL Turkey Other3
Slide 52: Energy Retail — Operational overview
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Energy Retail — Operational overview Electricity sales Gas sales TWh1 TWh1 5% 187 179 153 133 95 85 75 61 66 54 58 50 46 44 19 19 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 Other2
Slide 53: Energy Sales — Germany and UK
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Energy Sales — Germany and UK Germany 2022 2023 UK 2022 2023 Power sales (TWh) 133.1 94.8 Power sales (TWh) 54.4 49.6 # of E.ON customers - power (m) 12.0 11.8 # of E.ON customers - power (m)2 5.6 5.4 # of customers t
Slide 54: Energy Sales — Netherlands and Italy
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Energy Sales — Netherlands and Italy The Netherlands 2022 2023 Italy 2022 2023 Power sales (TWh) 19.1 19.3 Power sales (TWh) 5.7 5.0 # of E.ON customers - power (m) 2.1 2.1 # of E.ON customers - power (m) 0.3 0.4 # of
Slide 55: Energy Sales — Sweden and Poland
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Energy Sales — Sweden and Poland Sweden 2022 2023 Poland 2022 2023 Power sales (TWh) 10.7 8.7 Power sales (TWh) 4.6 3.6 # of E.ON customers - power (m) 0.7 0.7 # of E.ON customers - power (m) 1.0 1.0 1 2 # of customer
Slide 56: Energy Sales — Czech Republic and Hungary
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Energy Sales — Czech Republic and Hungary Czech Republic 2022 2023 Hungary 2022 2023 Power sales (TWh) 11.2 9.9 Power sales (TWh) 14.2 5.5 # of E.ON customers - power (m) 1.1 1.2 # of E.ON customers - power (m)2 0.1 0
Slide 57: Energy Sales — Romania and Slovakia
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Energy Sales — Romania and Slovakia Romania 2022 2023 Slovakia2 2022 2023 Power sales (TWh) 5.2 4.4 Power sales (TWh) 9.1 8.6 # of E.ON customers - power (m) 1.5 1.5 # of E.ON customers - power (m) 1.6 1.6 1 3 # of cu
Slide 58: Energy Sales — Croatia
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Energy Sales — Croatia Croatia1 2022 2023 Power sales (TWh) 0.7 0.5 # of E.ON customers - power (m) 0.1 0.1 # of customers total market - power (m) 2.0 2.0 Gas sales (TWh) 0.9 0.4 # of E.ON customers - gas (m) 0.02 0.
Slide 59: We attract new customers with attractive green tariff offerings
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Energy Sales — We attract new customers and ensure long-term retention with attractive green tariff offerings Share of green power sales1 We are proactively contributing to the decarbonization of our customers Since 2
Slide 60: Retail Solutions — Market driven by growing demand for sustainable solutions
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Retail Solutions — Market driven by growing demand for sustainable solutions Market size Future Energy Home 1,2 Market size eMobility Solutions 1,3 €bn €bn >25 >80 2020 2024 2030 2020 2024 2027 Gas boiler Heat pump St
Slide 61: Retail Solutions — Future Energy Home
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Retail Solutions — Future Energy Home PV Home Market leading position in several European markets with ~62,000 Home Heating and Energy Solutions installed in 2023 Heating ~2,500 heat pump solutions installed and >1m a
Slide 62: Retail Solutions — eMobility Solutions
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Retail Solutions — eMobility Solutions Our offerings Charge@home Charge@work Charge@public • Green, smart EV tariffs • Charging infrastructure & • EMP services (app) w/ flexibility CPO services • Charging infrastructu
Slide 63: E.ON Drive Infrastructure (EDRI) is the public charge point operator
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS E.ON Drive Infrastructure (EDRI) is the public charge point operator (CPO) within the E.ON Group Scope of EDRI Value Proposition “ Focused on scaling and operating infrastructure “E.ON Drive > 5.000 CPs in Infrastruct
Slide 64: EDRI focuses on asset ownership and promising public charging use-cases
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS EDRI focuses on asset ownership and promising public charging use-cases in combination with energy management Installation & Site field services ownership Equipment supply Asset ownership Energy provision Operation &
Slide 65: Energy Infrastructure Solutions (EIS)
Energy Infrastructure Solutions (EIS) 2b
Slide 66: EIS provides energy and infrastructure solutions across 15 European countries
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS EIS provides energy and infrastructure solutions to customers across 15 European countries Designing, building & operating Portfolio of infrastructure assets energy infrastructure Low carbon heating and cooling ~6,000
Slide 67: Push from regulators and pull from customers create unique momentum
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Push from regulators and pull from customers create unique momentum in the European energy solutions market Key drivers of the market with examples EIS business opportunities • Electrification of heating and cooling o
Slide 68: Investment history proves value creation
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Investment history proves value creation IRR1 of major investment decisions in EIS since 20182 Investment decisions support value creation across solution projects and customer segments Median IRR confirms CMD ‘22
Slide 69: Energy Infrastructure Solutions: exemplary customer projects
Energy Networks Customer Solutions CF / Other Digital Financials Energy Retail EIS Energy Infrastructure Solutions: exemplary customer projects Combined heating and Decarbonization solutions cooling supply of urban areas for industry customers Merwede Utrecht Koelnmesse Imerys Willebroek ArcelorMitt
Slide 70: Corporate Functions/Other
Corporate Functions/ Other 3
Slide 71: Generation Turkey — Financial overview
Energy Networks Customer Solutions CF / Other Digital Financials Generation Turkey PreussenElektra Generation Turkey — Financial overview Enerjisa Üretim (Generation & Trading) 50% 50% Enerjisa Üretim (generation & trading) 2022 2023 1 Revenues (TRY m) 65,196 47,744 EBITDA (TRY m)1 10,069 13,293 1,2
Slide 72: Generation Turkey — Asset overview (1)
Energy Networks Customer Solutions CF / Other Digital Financials Generation Turkey PreussenElektra 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; c
Slide 73: Generation Turkey — Asset overview (2)
Energy Networks Customer Solutions CF / Other Digital Financials Generation Turkey PreussenElektra Generation Turkey — Asset overview (2) Assets Enerjisa Üretim1 Generation Production Start-up Remuneration Power plant Type Revenue stream capacity (MW) (GWh) year USD/MWh Çambaşı Hydro 44 142 2013 FIT
Slide 74: Generation Turkey — Regulatory Incentive Framework
Energy Networks Customer Solutions CF / Other Digital Financials Generation Turkey — Generation Turkey PreussenElektra Regulatory Incentive Framework Renewables Renewables Renewables Local Lignite Capacity (Feed-in Tariff) (new Feed-in Tariff) (YEKA-2 Tender) Incentive Mechanism USD denominated (USD
Slide 75: PreussenElektra — Decommissioning (Process overview)
Energy Networks Customer Solutions CF / Other Digital Financials Generation Turkey PreussenElektra PreussenElektra — Decommissioning (Process overview) Decommissioning of a nuclear power plant1 Shut down phases 30-40 years 1-3 years 4-8 years 10-15 years 1-2 years Service operation and dismantling P
Slide 76: PreussenElektra — Decommissioning (provisions mechanics)
Energy Networks Customer Solutions CF / Other Digital Financials Generation Turkey PreussenElektra PreussenElektra — Decommissioning (provisions mechanics) Schematic illustration of provision building at E.ON1 Provision utilization for German nuclear €m 686 624 Real discount rate: -0.02% t0 t0 t+1 t
Slide 77: Digital
Digital 4
Slide 78: We are pioneering the digital transformation of the energy sector
Energy Networks Customer Solutions CF / Other Digital Financials Digitalization: We are pioneering the digital transformation of the energy sector Creating an end-to-end digitized energy value chain with 4 strategic pillars and strong ambitions Deep dive in IT Operations Digital Networks Energy Netw
Slide 79: IT Operations: A strong IT foundation and digital core
Energy Networks Customer Solutions CF / Other Digital Financials IT Operations: A strong IT foundation and digital core Migrations of customer accounts E.ON is developing the operating model to leverage Total: 35.0M cloud capabilities Advancing Customer Accounts (~54% migrated) Next wave Successful
Slide 80: Digital Customers: A digital-first customer experience
Energy Networks Customer Solutions CF / Other Digital Financials Digital Customers: A digital-first customer experience to empower customers Increasing share of “Prosumers”… ...demanding Home Energy Management System Public grid Majority of E.ON customers will gradually shift to Prosumers E.ON will
Slide 81: Digital Enabler: E.ON One accelerates the energy transition
Energy Networks Customer Solutions CF / Other Digital Financials Digital Enabler: E.ON One accelerates the energy transition with a portfolio of digital solutions for internal & external customers E.ON One at a glance 2023 portfolio company highlights • E.ON One is a software company that Intelligen
Slide 82: Financials
Financials 5
Slide 83: Green Bond Framework overview
Energy Networks Customer Solutions CF / Other Digital Financials Green Bond Framework overview: Framework structure in line with draft EU Green Bond Standard1 Process for selection of Management of Green assets and capex green assets and capex use-of-proceeds Reporting + External Verification • Elec
Slide 84: Green Bond categories
Energy Networks Customer Solutions CF / Other Digital Financials Green Bond categories Electricity Networks (DSO) Renewable Energy Energy Efficiency Clean Transportation Renewable energy production and Integrated on-site business and city EV charging stations and supporting All distribution infrastr
Slide 85: Relevant at-equity participations of E.ON
Energy Networks Customer Solutions CF / Other Digital Financials Relevant at-equity participations of E.ON 1. Direct and indirect share. No changes from 2022 to 2023. 2. Uranit GmbH is a joint venture between RWE AG and E.ON SE. 85
Slide 86: E.ON’s Financials
Energy Networks Customer Solutions CF / Other Digital Financials E.ON’s Financials Adjusted EBITDA1 Adjusted EBIT1 Adjusted EBITDA1 Adjusted EBIT1 €m FY 2022 2 FY 2023 €m FY 20222 FY 2023 Energy Networks 5,459 6,640 Energy Networks 3,409 4,395 Germany 4,153 5,034 Germany 2,587 3,329 Sweden 452 576 S
Slide 87: E.ON’s Financials
Energy Networks Customer Solutions CF / Other Digital Financials E.ON’s Financials OCFbiT1 Investments (cash-effective) OCFbiT Investments (cash-effective) 2 €m FY 2022 FY 2023 €m FY 20222 FY 2023 Energy Networks 7,020 6,086 Energy Networks 3,845 5,156 Germany 5,557 4,472 Germany 2,763 3,752 Sweden
Slide 88: E.ON’s Financials
Energy Networks Customer Solutions CF / Other Digital Financials E.ON’s Financials At equity contribution to Adjusted EBITDA/EBIT1 Profit & Loss1 €m FY 20222 FY 2023 E.ON Energy Networks 384 528 Germany 247 343 €m FY 2022 FY 2023 1 Sweden 0 0 Adjusted EBITDA 8,059 9,370 CEE & Turkey 137 185 Deprecia
Slide 89: Appendix
Appendix 7
Slide 90: E.ON Investor Relations team
E.ON Investor Relations team Iris Eveleigh Milagros D’Elia Andreas Thielen Head of Investor Relations Manager Investor Relations Manager Investor Relations iris.eveleigh@eon.com milagros.d‘elia@eon.com andreas.thielen@eon.com +49 170 7688749 +49 151 52298030 +49 151 67114918 Julian Jost Björn Siggem
Slide 91: Glossary & List of Abbreviations
Glossary & List of Abbreviations 1/2 AB Aktiebolag eMobility Electro Mobility AG Aktiengesellschaft EMRA Energy Market Regulatory Authority (Turkey) AI Artificial Intelligence EN Energy Networks ARO Asset Retirement Obligation EOG Revenue Cap B2B Business to Business EPIAS Energy Exchange Istanbul (
Slide 92: Glossary & List of Abbreviations
Glossary & List of Abbreviations 2/2 IEA International Energy Agency Q Quarter IFRIC International Financial Reporting Interpretations Comittee R&D Research And Development IFRS International Financial Reporting Standards RAB Regulated Asset Base incl Including RED Renewable Energy Directive IRR Int
Slide 93: 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 agre
Slide 94: thank you
thank you @-or!