Uniper Se · XETR:UN0
Uniper — Fortum Capital Market Day 2020
25 slides from Uniper's conference presentation, Dec 3, 2020
Slide 1: Uniper strategy highlights
Uniper strategy highlights Andreas Schierenbeck, CEO Uniper Fortum Capital Market Day, December 3, 2020
Slide 2: Uniper at a glance
Uniper at a glance Our business Power Generation 100 years €863mn ~34 GW Commodity Trading Experience Adj. EBIT1 Generation capacity1 Energy Storage Energy Sales ~200 TWh ~2000 TWh ~400TWh Energy Sales Trading LTC Energy Services Gas power Coal power Regasification plants plants Gas storag
Slide 3: Uniper's evolutionary steps
Uniper’s evolutionary steps Tightening the ship Setting the sails New Strategy 2015 - 2017 2018 - 2019 2020 TSR +200% CO2 reduction CO2 >36% Cash optimized Operations improved Carbon-neutral in Europe by 2035 Portfolio streamlined Growth in security of supply initiated World’s 8th most v
Slide 4: Driving decarbonization actively
Driving decarbonization actively European Generation Global Commodities Russian Power 22.2 mt CO2 With our measures 0 2019 2025 2030 2035 Carbon neutral by 2035 Actively reduce carbon emissions 4
Slide 5: Sustainability ambitions further increased
Sustainability ambitions further increased European Generation Global Commodities Russian Power Carbon neutral by March 20 Actively reduce carbon emissions 2035 at the latest >50% emission Scope 3 targets to be Focus on RES reduction* by 2030 developed in 2021 capacity scheme Today Implementation of
Slide 6: Strategy: Clear transition agenda
Strategy: Clear transition agenda Coal Gas generation & Carbon-free generation gas midstream generation EBIT EBIT EBIT 2019 2019 2019 Decarbonize Expand & decarbonize Expand • Exit path for hard coal and lignite fleet • Expand Customer Solutions business • Expand carbon-free position by either with
Slide 7: Strategy: Clear transition agenda
Strategy: Clear transition agenda Coal Gas generation & Carbon-free generation gas midstream generation EBIT EBIT EBIT 2019 2019 2019 Decarbonize Expand & decarbonize Expand • Exit path for hard coal and lignite fleet • Expand Customer Solutions business • Expand carbon-free position by either with
Slide 8: Coal generation: CO2-neutral by 2035
European Generation CO2-neutral by 2035 CO2 emissions of European Generation (net) 50 in mt 45 44 40 Exit of >5 GW of fossil capacity in Benelux, GER and France 35 -50% Coal generation 30 25 22 Main driver: Coal-exit 20 -50% 15 11 10 5 CO2-neutral 0 2016 2019 2030 2035 Uniper start 8
Slide 9: Uniper coal exit plans per country
Uniper coal exit plans per country National coal exit plans Uniper‘s coal fleet in Europe – Exit path MW 8000 Heyden* ► 875 MW UK: 2025 ► 900 MW Coal generation Schkopau 6000 Scholven ► 760 MW Netherlands: 2029 Wilhelmshaven ► 757 MW 4000 Staudinger 5 ► 510 MW Germany: 2038 Ratcliffe ► 2,000 MW 2000
Slide 10: Transforming liabilities into opportunities
Transforming liabilities into opportunities Ratcliffe (2GW) Maasvlakte (1.1GW) Protect and maximize land value – Secure existing customers, generate Site conversion to pursue options wider regional ICS opportunities, secure future of development context site and increase flexibility gas-fired plants
Slide 11: Strategy: Clear transition agenda
Strategy: Clear transition agenda Coal Gas generation & Carbon-free generation gas midstream generation EBIT EBIT EBIT 2019 2019 2019 Decarbonize Expand & decarbonize Expand • Exit path for hard coal and lignite fleet • Expand Customer Solutions business • Expand carbon-free position by either with
Slide 12: Uniper's gas business at a glance
Uniper’s gas business at a glance Gas generation Gas midstream Gas infrastructure investments & gas storage ~9 GW Gas generation & gas midstream Sales business Gas fleet, 55 bcm/a ~200 TWh contracts (up to10%*) with TSOs Industrial Customer Power-2-gas Solutions, Power-2-X Nord CHP 16 bcm/a BBL Stre
Slide 13: Security of supply, customer centricity & decarbonization of our own fleet
Security of supply, customer centricity & decarbonization of our own fleet Solutions for TSO customers Solutions for industrial Decarbonization customers (Making Net Zero Possible) Gas generation & gas midstream • Killingholme & Grain: four 6-year • Scholven: Converting from coal to contracts to del
Slide 14: Decarbonization requires sector coupling
Decarbonization requires sector coupling Energy sector has lowered emissions by 35% 163.3 Gas generation & gas midstream European 209.7 159.9 Electrification 153.0 Green Deal: 153.9 165.6 167.9 162.3 166.5 and hydrogen 283.8 148.5 130.0 123.4 Net-zero greenhouse 191.6 188.5 188.2 116.6 125.1 needed
Slide 15: Hydrogen imports will be needed
Hydrogen imports will be needed H2 Gas generation & gas midstream German green German Hydrogen hydrogen production demand planned to be at is projected at around 14 TWh 90-100 TWh Gap 2030 ≥ 76 TWh 15
Slide 16: Technology openness is key
Technology openness is key Renewables Power-to-Gas Green Hydrogen H2 Sector Coupling Direct Use Elektrolyse Blended into natural gas Industry Wind H2O Gas generation & gas midstream Biogas Power H2 O2 Sun 100% CO2 SNG Methanation Natural gas grid: Mobility Storage/transportation Gas Splitting / Refo
Slide 17: Uniper's infrastructure and trading skills ideal for hydrogen switch
Uniper‘s infrastructure and trading skills ideal to meet (import) demand for the switch to hydrogen Sales business Gas fleet, contracts with • Global Origination team well ~200 TWh Gas generation & gas midstream TSOs positioned to commercialize hydrogen Industrial activities Customer Solutions, Powe
Slide 18: Our hydrogen project pipeline
Our hydrogen project pipeline Humber H2 chemical industry H2 H2 H2 Power-to-Gas Hamburg Wilhelmshaven Gas generation & gas midstream H2 H2 Connah‘s Quay H2 for mobility H2 Epe Power-to-Gas Falkenhagen Humber Store&Go methanation H2 North Wales Hamburg Wilhelmshaven Bad Lauchstädt H2 Rotterdam Ilse o
Slide 19: First-of-a-kind large scale commercial size project
First-of-a-kind large scale commercial size project – largest hydrogen electrolysis unit installed in the Chemical sector1 Renewable CO2 & Circular Biogas energy streams Gas generation & gas midstream + Waste HH22 water Electrolysis Methanol treatment 25 MWel OO22 Perstorp Syngas plant Perstorp H2 S
Slide 20: Strategy: Clear transition agenda
Strategy: Clear transition agenda Coal Gas generation & Carbon-free generation gas midstream generation EBIT EBIT EBIT 2019 2019 2019 Decarbonize Expand & decarbonize Expand • Exit path for hard coal and lignite fleet • Expand Customer Solutions business • Expand carbon-free position by either with
Slide 21: Grow CO2-free power generation
Grow CO2-free power generation Maintain & optimize Enter & expand Continue to expand Nordic hydro and physical Kickstart a large-scale sun and Subsidy-free market in trading optimization. wind power generation portfolio, Europe offers growth Cooperation with Fortum capturing the potential on owned o
Slide 22: Uniper is developing a renewables portfolio
Uniper is developing a renewables portfolio Space Permitting Grid connection Green hydrogen + Trading On and around existing assets Embedded in local communities Grid headroom on powerplants Carbon-free generation 3 GW 1 GW short-term medium-term <2025 >2025 22
Slide 23: Deutsche Bahn and Uniper assessing decarbonization options
Deutsche Bahn and Uniper assessing decarbonization options in addition to today’s CO2-free hydro power supply From coal… …to renewables… …and more Opencast lignite Re-naturalisation Enabler of sector coupling mine closed in 1988 and re-purposing Carbon-free generation • Testing potential for hydroge
Slide 24: Empowering Energy Evolution: Wilhelmshaven potential
Empowering Energy Evolution: Wilhelmshaven potential From coal… …to Gas… …to Hydrogen Shutdown of coal Security of supply Enabler of sector coupling site by 2022 • LNG/H2 terminal planned • Technology partnerships for H2 – • Nearby gas storage in Etzel like the Salzgitter/Rhenus cooperation for the
Slide 25: Empower Energy Evolution