Evn Ag · VIE:EVN
Evn — Investor Presentation (October 2025)
52 slides from Evn's investor presentation, October 2025
Slide 1: Company presentation October 2025
Company presentation October 2025
Slide 2: Agenda
Agenda EVN at a glance Back-up information Company presentation, October 2025 2
Slide 3: Integrated business model as basis for our value chain
Integrated business model as basis for our value chain Generation1) Networks2) Trade and Customers3) Water supply Renewable (934 MW) Thermal (623 MW) Electricity supply Electricity (3.6m) (140,909 km) Natural gas (0.3m) Electricity International Storage Natural gas Natural gas Heating (0.1m) Batteri
Slide 4: High share of regulated and stable business
High share of regulated and stable business EUR 799.4m ~85% of EBITDA from regulated and stable business in FY 2023/24 Regulated business in Lower Austria Electricity distribution networks Natural gas distribution networks 40% Wind generation Stable business in Lower Austria Water supply (1.
Slide 5: EVN core strategies 2030 – creating value by doing the right things
EVN core strategies 2030 – creating value by doing the right things Company presentation, October 2025 5
Slide 6: The energy future is renewable and offers many opportunities for EVN
The energy future is renewable and offers many opportunities for EVN • Grid expansion • Innovation • Cross-sector use of green energy − Charging infrastructure for e mobility − Heat generation − Large battery storage facilities − Production and storage of hydrogen • Investing in renewable energy • F
Slide 7: Substantial increase of annual Capex programme to about EUR 900m until 2030
Substantial increase of annual Capex programme to about EUR 900m until 2030 • Structure of investments1) will remain unchanged • Investment strategy EURm − Focus on networks, wind generation, heating, e-charging ~900 p. a. 3% infrastructure, drinking water supply 753 20% − Approximately three quarte
Slide 8: EVN share – Shareholder structure and dividends
EVN share – Shareholder structure and dividends • Shareholder structure • Dividend history 2023/24 2022/23 2021/22 Dividend per share (EUR) 0.90 0.52 0.52 Special dividend per share (EUR) - 0.62 - Payout ratio (%) 34.0 38.4 44.2 Dividend yield (%) 3.2 4.5 3.1 30.09.2025 Share price (EUR) 23.40 Marke
Slide 9: Outlook for 2024/25 confirmed: Group net result expected EUR 400m to EUR 440m
Outlook for 2024/25 confirmed: Group net result is expected in the range from EUR 400m to EUR 440m 0utlook Segments Comments 2024/25 Segment outlook adjusted: – The normalisation of earnings EVN KG is confirmed Energy – However, the reversal of prior-year accruals of EVN KG in Q2 might cause segme
Slide 10: Segment overview – Strategic EBIT targets Perspective 2024–2030
Segment overview – Strategic EBIT targets Perspective 2024–2030 Segment* Mid-term Perspective 2030 perspective on EBIT Energy 50-60m EUR 45-70m EUR Generation EBIT margin 25-35% EBIT margin 25-35% Networks Austria EBIT +20% p.a. EBIT +20% p.a. South East Europe 60-90m EUR 70-90m EUR Environment 10-2
Slide 11: Strategic financial KPIs for EVN Group Perspective 2024–2030
Strategic financial KPIs for EVN Group Perspective 2024–2030 Mid-term Perspective perspective 2030* Group net results EUR ~ 400m p.a. EUR 450m p.a. ROCE >6.0% WACC 5.0% Investments EUR 900m p.a. Net Debt / FFO (Funds from 1.5 to 2.5 2.0 to 2.5 Operations) * Specific guidance for individual years is
Slide 12: Future value drivers Perspective 2024–2030
Future value drivers Perspective 2024–2030 Segment Energy − Consists of energy supply business Austria, heating business (mainly from biomass) in Austria and energy services − EBIT margin of supply business Austria at 3-5%, positive development of heating business Mid-term perspective Perspective
Slide 13: Scaling renewable generation by 2030
Scaling renewable generation by 2030 • Expansion targets for installed capacity (in MW) • Corresponding rise in generation (in TWh p.a.) +30% Biomass PV Wind Hydro Company presentation, October 2025 13
Slide 14: Wind and photovoltaic expansion targets 2030 to be achieved on the back of a strong project pipeline
Wind and photovoltaic expansion targets 2030 to be achieved on the back of a strong project pipeline • Planned wind expansion until 20301) • Planned PV expansion until 2030 − Projects in Lower Austria only − Projects in Lower Austria, Bulgaria and North Macedonia 300 770 201 607 562 580 135 148 500
Slide 15: Remuneration structure of EVN's wind portfolio
Remuneration structure of EVN‘s wind portfolio 478 MW installed wind capacity (as of 30.09.2024) Market premiums (floor) − Range from EUR 70-85 per MWh − Tenor of support scheme: 20 years 23% Fixed feed-in tariffs 47% − Range from EUR 81-95 per MWh − Tenor of support scheme: 13 years 30% Merchant −
Slide 16: Future value drivers /2 Perspective 2024–2030
Future value drivers /2 Perspective 2024–2030 Segment Network − Regulated Asset Base * Regulated WACC − EBIT increase +20% p.a. by 2030 − Development of RAB (in EUR bn; electricity and natural gas distribution networks) 3.5 RAB growth +75% RAB growth +20% 2.0 1.6 2021/22 2023/24 2029/30 Company pr
Slide 17: Regulated business in Austria
Regulated business in Austria Network Electricity Natural gas Comments Regulatory authority Start of the regulatory period 01.01.2024 01.01.2023 Next regulatory adjustment 01.01.2029 01.01.2028 Adjustment of WACC and productivity factors Duration of the regulatory period 5 years 5 years Regulatory m
Slide 18: Future value drivers /3 Perspective 2024–2030
Future value drivers /3 Perspective 2024–2030 Segment South East Europe − Consists of electricity grid and supply in Bulgaria and North Macedonia, generation in North Macedonia as well as gas grid and supply in Croatia − ROCE >8% p.a. Mid-term perspective Perspective 2030 EBIT range EUR 60-90m p.a
Slide 19: Future value drivers /4 Perspective 2024–2030
Future value drivers /4 Perspective 2024–2030 Segment Environment − Consists of stable water supply business in Austria and international project business − Project business depends on order intake in international project business Average forecast range for in EURm international project business
Slide 20: Continuous efforts to achieve further operating improvements in SEE
Continuous efforts to achieve further operating improvements in SEE • Ongoing reduction in grid losses • Number of customers − Bulgaria: 1.8m − North Macedonia: 0.9m • Commitment to supply security • Investment strategy for SEE − Expansion and upgrading of network infrastructure to continuously redu
Slide 21: Drinking water business in Lower Austria – stable earnings contribution and future growth area
Drinking water business in Lower Austria – stable earnings contribution and future growth area • Largest regional drinking water supplier − 0.6m drinking water customers − Supra-regional pipeline networks and local water supply networks − Operation of 7 natural filter plants to reduce the hardness o
Slide 22: Significant contribution to EVN's net profit from strategic investments
Significant contribution to EVN‘s net profit from strategic investments • Verbund AG 12.63% − #1 electricity producer in Austria and EUR 182.1m1) #2 hydropower producer in Europe with 8.5 GW installed capacity • Burgenland Holding AG 73.63% − Holds a 49% stake in Burgenland Energie (#1 green energy
Slide 23: Strategic investments provide a financial hedge
Strategic investments provide a financial hedge Coverage ratio EVN Group Coverage ratio EVN Austria Synthetic (financial) hedge of short position through stakes in: • Verbund AG • Burgenland Energie AG − EVN stake: 12.63% − EVN stake: 49% via Burgenland Holding 8,468 MW 874 MW 308 MWp 596 MW 146 MWp
Slide 24: Key messages to our shareholders
Key messages to our shareholders Leading infrastructure operator with high share of earnings from regulated and stable business Ambitious investment programme of EUR 900m until 2030 − Continuous expansion of domestic regulated and stable activities through focus on networks, wind generation, hea
Slide 25: Agenda
Agenda EVN at a glance Back-up information Company presentation, October 2025 25
Slide 26: EVN's contribution to the Sustainable Development Goals
EVN‘s contribution to the Sustainable Development Goals – Sustainability as basis of EVN‘s mission as a utility company Expansion of drinking Expansion of Concrete CO2 emission water infrastructure to renewable energy reduction targets ensure security and Infrastructure coordinated with the
Slide 27: EVN Climate Initiative – Shaping the energy future
EVN Climate Initiative – Shaping the energy future • Renewable expansion targets 2030 − 770 MW installed wind capacity − 300 MWp installed photovoltaic capacity • 1.5°C transition plan − In accordance with Paris Agreement − 1.5°C targets validated the Science Based Targets Initiative (SBTi) in April
Slide 28: Highly rated ESG performance underlines EVN's ambitions
Highly rated ESG performance underlines EVN’s ambitions CDP • Industry benchmark: B (Energy utility networks) C, Management Status • Last update: 2025 ISS ESG • Industry benchmark: C+ B-, Prime Status • Last update: 2024 MSCI • Industry benchmark: 25% of utilities in the AA-range; 13% in AAA AA, Lea
Slide 29: Management of summer-winter-balance as future challenge
Management of summer-winter-balance as future challenge – as illustrated by scenario for the residual total load in 2030 Hours per day Scenario for the residual load in 2030; green: oversupply of electricity; red: electricity shortage Company presentation, October 2025 29
Slide 30: Ambitious climate and energy goals 2030 as main challenge for network operators
Ambitious climate and energy goals 2030 as main challenge for network operators • Network capacity (in MW) in Lower Austria requires substantial expansion until 2030 • Main drivers: − Integration of volatile renewables generation from wind and photovoltaics (large-scale and households) − Supply char
Slide 31: Building the future of energy through smart grids
Building the future of energy through smart grids • Increasing renewable feed-in and changing consumption pattern (e. g. e-mobility) as investment drivers • Network capacity to be doubled to 6,000 MW until 2030 • EUR 3bn Capex in networks infrastructure in Lower Austria until 2030 − 40 additional pr
Slide 32: Building the future of energy through smart grids /2
Building the future of energy through smart grids /2 • Strategy to further expand and grow our grid business is based on three pillars: − Massive investment and expansion programme − Digitalisation − Optimisation of organisational structure • Benefits of digitalisation and smart grid technology − Fl
Slide 33: Empowering customers for the energy transition
Empowering customers for the energy transition • EVN is Austria’s leading provider for e-charging • Innovative e-charging solutions for cars, trucks, infrastructure busses, ships − > 3,200 e-charging points and > 22,500 e-charging cards • Focus on destination charging − Full-service provider for par
Slide 34: Leveraging energy hubs for sector integration
Leveraging energy hubs for sector integration • Optimise use and integration of excess renewable electricity − Increasing times with negative electricity prices due to excess wind and PV generation − Growing demand for balancing power with temporary attractive prices due to increasing volatilities •
Slide 35: Providing underground sun storage
Providing underground sun storage • Underground sun storage project of RAG Austria − World's first project for a seasonal energy storage system with 100% hydrogen in a depleted natural gas reservoir • Sector integration as potential solution for summer-winter-transfer of energy − Electrolyser uses r
Slide 36: Our success factors in wind generation
Our success factors in wind generation • Strong and well-balanced project pipeline in Lower Austria • Continuous increase in turbine capacity − Under construction: 6 MW turbines • Additional benefit from efficient operation − ~2/3 of annual wind production in Austria during winter half-year (at high
Slide 37: EVN's renewable growth strategy is based on a constantly increasing wind generation portfolio
EVN’s renewable growth strategy is based on a constantly increasing wind generation portfolio • Total installed wind capacity: ~500 MW (as of 31.12.2024) − Thereof ~484 MW in Austria Company presentation, October 2025 37
Slide 38: Austrian legal framework for renewables
Austrian legal framework for renewables • Green Electricity Act 2012 • Renewable Energy Expansion Act 2021 − Support scheme: Fixed feed-in tariff (~EUR 80-90 per − Support scheme: Market premium (subsidy guarantees floor) MWh for wind) − Tenor of support scheme: 20 years − Tenor of support scheme: 1
Slide 39: We are constantly working on innovative solutions to enable efficient renewables generation
We are constantly working on innovative solutions to enable efficient renewables generation • Enable projects through ecological planning and special measures to protect biodiversity − Close cooperation with NGOs and authorities − Species protection measures − Compensation areas and alternative habi
Slide 40: EVN is confident to reach its wind power expansion targets by 2030
EVN is confident to reach its wind power expansion targets as planned by 2030 – albeit some challenges Challenges Success factors − Length of approval − EVN’s strong track process (incl. long record in its home court proceedings) market lower Austria − Acceptance of EVN’s 2030 wind − Strong project
Slide 41: Key financials FY 2023/24
Key financials FY 2023/24 FY 2023/24 +/– • Decline in revenue EURm % Revenue 3,256.6 -13.6 − Impact on electricity generation and South East Europe by declining wholesale EBITDA 799.4 -8.0 prices Depreciation and amortisation -348.3 -3.5 Effects from impairment tests -24.9 - − Reduced use of natural
Slide 42: Key financials Q. 1-3 2024/25
Key financials Q. 1-3 2024/25 Q. 1-3 2024/25 +/– • Restatement of previous year’s Q. 1-3 figures EURm % Revenue 2,360.4 5.0 − IFRS 5 disclosure of the available-for-sale parts of the international project EBITDA 713.6 14.2 business to be sold to STRABAG Depreciation and amortisation -264.0 -6.9 EBIT
Slide 43: Solid balance sheet structure
Solid balance sheet structure Strong balance sheet is the basis for EVN’s ambitious investment programme Ratings: Moody´s (A1, stable) and Scope (A+, stable) EVN’s goal is to maintain solid A category ratings Company presentation, October 2025 43
Slide 44: Total financial debt of ~EUR 1.1bn with a well-balanced maturity profile
Total financial debt of ~EUR 1.1bn with a well-balanced maturity profile over the coming years EUR 805m undrawn, committed credit lines (as of 31 March 2025) Company presentation, October 2025 44
Slide 45: Hedging and price-setting strategies in our energy business
Hedging and price-setting strategies in our energy business • Generation − Hedging strategy for planned renewables generation on a rolling 12-18 months basis for quantities on the free market − Fixed feed-in tariff for wind production (13 or 20 years; opt-out due to favourable market prices) − Natur
Slide 46: Sale of WTE Wassertechnik to STRABAG
Sale of WTE Wassertechnik to STRABAG • WTE Wassertechnik – Leading full-service provider of water management and thermal sludge utilisation − Reference of more than 120 projects in 18 countries − Wastewater treatment project Umm Al Hayman (Kuwait): WTE’s largest project and top reference for Arabic
Slide 47: Electricity for ~3.5m customers in Lower Austria, Bulgaria and North Macedonia
Electricity for ~3.5m customers in Lower Austria, Bulgaria and North Macedonia • Three core markets in electricity: • Estimated growth of electricity demand1) in our three markets until 2030 − Increase in electricity demand despite energy efficiency; heating pumps and e-mobility as growth drivers −
Slide 48: Challenging market environment
Challenging market environment Source: EVN, May 2025 Company presentation, October 2025 48
Slide 49: RAG Austria AG
RAG Austria AG • Shareholder structure − EVN AG (50.03%)1) − Uniper Exploration & Production GmbH (29.97%) − Energie Steiermark Kunden GmbH (10.00%) − Salzburg AG (10.00%) • 100% of RAG earnings are recognised as share of profit of equity accounted investees with operational nature • 49.97% of RAG e
Slide 50: Contact details
Contact details • Alexandra Wittmann, CFO • Information on the internet − www.evn.at • IR contact partners: − www.investor.evn.at − Gerald Reidinger − www.responsibility.evn.at − Matthias Neumüller − Karin Krammer • Headquarters of EVN AG − Sarah Kallina − EVN Platz 2344 Maria Enzersdorf • IR contac
Slide 51: Disclaimer to Section 'Financial ambitions 2024-2030'
Disclaimer to Section ‘Financial ambitions 2024-2030’ The slides 10-12, 15, 17 and 18 reflect the forward-looking expectations of EVN for future financial performance which are necessarily based on a number of assumptions and estimates about future events and actions, including management’s assess
Slide 52: 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