Rwe Ag · XETR:RWE
Rwe — Merger or Acquisition (June 2026)
13 slides from Rwe's merger presentation, Jun 22, 2026
Slide 1: RWE expands into Regulated Grid Infrastructure
22 June 2026 RWE expands into Regulated Grid Infrastructure Investor Presentation XX May 2026 Presentation Title
Slide 2: Disclaimer
Disclaimer This document contains forward-looking statements. These statements are based on the current views, expectations, assumptions and information of the management, and are based on information currently available to the management. Forward-looking statements shall not be construed as a promi
Slide 3: RWE extends business to Regulated Grid Infrastructure on the back of an EPS accretive acquisition
RWE extends business to Regulated Grid Infrastructure on the back of an EPS accretive acquisition Extension of business to Regulated Grid Infrastructure increases long-term earnings growth; EUR 35bn investment plan in Renewable & Flexible Generation remains unchanged RWE acquires 35% and now holds p
Slide 4: RWE makes decisive move into Regulated Grid Infrastructure through strategic acquisition
RWE makes decisive move into Regulated Grid Infrastructure through strategic acquisition Significant Compelling Strong earnings investment opportunity strategic fit Accretion in EUR 10bn EUR Germany‘s energy transition creates substantial transmission grid investment needs, delivering CAGR ~4.55 Amp
Slide 5: Amprion offers extraordinary RAB growth in the next ten years
Amprion offers extraordinary RAB growth in the next ten years Regulated Asset Base Key in EUR bn1 highlights ~90 • System-relevant infrastructure with 11,000 km transmission grid in Germany CAGR >18% • Located along Germany’s economic heartland with more than 29 m people living in Amprion’s ~60 core
Slide 6: RWE increases stake in Amprion at highly attractive transaction multiples
RWE increases stake in Amprion at highly attractive transaction multiples Attractive Key transaction transaction multiples highlights 1.07x • RWE acquires additional 35% stake in Amprion via M31 for EUR 3.6bn bringing its pro rata share to 55%. • Amprion will remain an Independent Transmission Opera
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Slide 8: Transaction immediately EPS accretive and improves RWE earnings profile
Transaction immediately EPS accretive and improves RWE earnings profile Accretion to adj. EPS, Risk-return profile in EUR improved 2027 • Improved earnings profile of the company driven by high visibility and stability of future earnings +1% +2 EURc • Increased share of contracted or regulated earni
Slide 9: Appendix
Appendix XX May 2026 Presentation Title
Slide 10: 2031 Guidance update
2031 Guidance update Existing Guidance Thereof Amprion Transactions Total Amprion Updated Guidance EUR m Midpoint Midpoint a b c =b+c =a+c Adj. EBITDA 9,600 380 550 930 10,150 Adj. depreciation -3,800 -3,800 Adj. EBIT 5,800 380 550 930 6,350 Adj. financial result -1,300 -120 -120 -1,400 Adj. tax rat
Slide 11: Full financing of Amprion acquisition and future investments
Full financing of Amprion acquisition and future investments Funding composition 2026 – 2031 EUR bn ~10 ~10 Planned ~4 ~4 Acquisition Equity capital raise 35% stake Transaction ~2 Amprion dividends effects ~4 35% stake Investments (2026 – 2031) ~2 35% stake Additional headroom ~2.5 ~2.5 Investments
Slide 12: Amprion shareholder structure post transaction
Amprion shareholder structure post transaction Remaining Apollo shareholders M31 53% 47% 80% 20% M31 Alkaios HoldCos 74.9% 25.1% thereof: thereof: Overall RWE 35% RWE 20% RWE shareholding post transaction: M31 55% 22 June 2026 RWE expands into Regulated Grid Infrastructure Page 12
Slide 13: Amprion delivers long-term growth through system-critical infrastructure
Amprion delivers long-term growth through system-critical infrastructure Facts1 Amprion at a glance One of four TSOs in Germany spanning from the North Sea to the Alps, covering an economically strong and highly populated region >29 million people living in Amprion’s control area Mission-critical in