Evn Ag · VIE:EVN
Evn — German & Austrian Corporate Conference 2010
20 slides from Evn's conference presentation, May 21, 2010
Slide 1: EVN – German & Austrian Corporate Conference, Frankfurt
EVN German & Austrian Corporate Conference Frankfurt, May 21, 2010
Slide 2: Agenda
Agenda > EVN‘s strategy > Growth perspectives 2
Slide 3: Company profile – fact sheet 2008/09
Company profile – fact sheet 2008/09 EVN is a leading integrated energy and environmental service group serving customer in Lower Austria and EVN Central and Eastern Europe Business areas Electricity, gas, heating, water, waste incineration Austria, Albania, Bulgaria, Croatia, Cyprus, Denmark, Eston
Slide 4: EVN currently active in 18 CEE countries
EVN currently active in 18 CEE countries Energy supply > About 1 m electricity, gas and heating customers in Lower Austria > 1.6 m electricity, 40,000 heating customers in Bulgaria > 720,000 electricity customers in Macedonia Electricity generation > 1,829 MW generation capacity (gas, coal, hydro, w
Slide 5: EVN's strategy – Integrated utility
EVN's strategy – Integrated utility > „Two-pillar“ strategy – focus on the Energy and Environmental Services segments – High level of horizontal and vertical integration of the different business units > Organic growth with a focus on markets where EVN has specific market expertise – In the energy s
Slide 6: Growth through new markets and diversification
Growth through new markets and diversification Revenue, EBITDA EURm, EBITDA margin % > Group revenues increased by 22% in 3 years 3,000 2,727.0 – Revenues of energy business 50 2,397.0 grew by 27% 2,500 2,233.1 40 > Share of energy business: 90% 2,000 – Share of energy business in 30 south-eastern E
Slide 7: Growth while keeping financial strength
Growth while keeping financial strength Equity, Net debt EURm, Gearing % > Increase in net debt due to ongoing investments in 3,500 100 Austria and south-eastern 3,208.5 3,127.2 3,014.7 3,000 90 Europe 80 > Increase of Gearing ratio 2,500 70 60 > Net debt can be easily 2,000 covered by financial ass
Slide 8: Strategic investments
Strategic investments Rohöl- Burgenland Verbund Holding Aufsuchungs AG > EVN holds a 13% stake in > EVN holds a majority > EVN has a 73.6% Austria´s largest electricity shareholding of 50.03% stake in Burgenland producer and operator of in RAG, the second Holding AG, listed on the Austrian supra-reg
Slide 9: Income from strategic investments
Income from strategic investments (EUR m) > Selected strategic investments – Strengthen vertical integration – Contribute to profitability 160 127.0 137.0 – Financial hedge, compensation for 140 increasing primary energy costs 120 – Partnership in regional energy supply 41.3 37.2 94.0 business 100 >
Slide 10: EVN's shows a resilient competitive position
EVN‘s shows a resilient competitive position > Stable and reliable customer base > Large share of household customers > The market share in residential electricity and gas supply in Lower Austria remains very strong and stable at above 95% thus ensuring the company’s key ability to generate cash flo
Slide 11: Agenda
Agenda > EVN‘s strategy > Growth perspectives 11
Slide 12: Electricity sales and generation
Electricity sales and generation (GWh) > The coverage ratio of Group stands currently at roughly 20% 19,541 > >Excluding Bulgaria 20,000 18,043 19,372 Coverage ratio ofand Macedonia, Group the decreased coverage ratio to from 20.8% is 17.8% 50-65% 15,000 > >The mid-termratio Coverage target of the e
Slide 13: Growth areas – Electricity generation in Germany
Growth areas – Electricity generation in Germany > Coal-fired power plant in Duisburg-Walsum > Capacity: 790 MW, net efficiency: > 46% > Investment: EUR 820m > Joint venture with Evonik Steag GmbH, EVN’s stake: 49% > Ground-breaking: November 2006 > Start up: second half of 2010 13
Slide 14: EVN's markets in south-eastern Europe
EVN’s markets in south-eastern Europe > EVN’s assets in Bulgaria and Romania Macedonia: – Network operator / supplier Western North-Eastern Bulgaria Bulgaria – District heating plant Serbia Bulgaria – Hydro power plants Black Sea Sofia > Bulgaria: Liberalised electricity South-Eastern Bulgaria marke
Slide 15: Growth potential in south-eastern Europe
Growth potential in south-eastern Europe Electricity networks customers Electricity sales volumes per in m customer in %, basis: Lower Austria 2.0 100 1.605 100 1.5 80 80 1.0 60 54 0.803 0.720 40 0.5 20 0.0 0 EVN in Lower Austria EVN in Bulgaria EVN in Macedonia 15
Slide 16: Growth areas – Electricity generation in Albania
Growth areas – Electricity generation in Albania > Concession for three large hydro power plants on the River Devoll in Albania > Capacity: 320 MW > Electricity production: 1,000 GWh p.a. > Investment: EUR 950m > 50:50% joint venture with Statkraft (Norway) > Flexibility and optimisation of applied
Slide 17: Growth Areas – Environmental Services in CEE
Growth Areas – Environmental Services in CEE > Drinking water, wastewater and waste incineration activities > Leveraging the experience gained in Lower Austria to expand into growth areas > Building, Operate, Own and Transfer (BOOT) model Drinking water plant in Moscow, Russia > Capacity: 250,000 m³
Slide 18: Growth Areas – Environmental Services in CEE
Growth Areas – Environmental Services in CEE Wastewater treatment plant in Istanbul, Turkey > Turn-key project and 5 year operation > Capacity: 2 million inhabitants > Start of operation: 2010 > Operation by EVN until 2015 Wastewater purification plant in Warsaw, Poland > Capacity modernisation and
Slide 19: EVN Investor Relations
EVN Investor Relations For further information please contact: Michael Längle EVN on the Internet: Chief Financial Officer www.evn.at Phone +43 2236 200-12324 www.investor.evn.at Fax +43 2236 200-84715 www.responsibility.evn.at E-Mail michael.laengle@evn.at E-Mail: investor.relations@evn.at Klára Sz
Slide 20: Disclaimer
Disclaimer Certain statements made in this presentation may constitute „Forward-Looking Statements” within the meaning of the U.S. federal securities law. Forward-looking information is subject to various known and unknown risks and uncertainties. These include statements concerning our expectations