Slide 1: Q1 2022 results
#StandWithUkraine Q1 2022 results
Slide 2: Resilient business and strong balance sheet pave the way for further growth
Resilient business and strong balance sheet pave E.ON Q1 2022 results the way for further growth E.ON stands with Ukraine... … and is fully on track for delivery in 2022 and beyond 1 2022 outlook confirmed backed by resilient operations Employee donation program 2 Customer Solutions: High visibility
Slide 3: Energy prices main driver for YoY EBITDA development
Energy prices main driver for YoY EBITDA E.ON Q1 2022 results development EBITDA1 Key drivers €m Organic RAB growth Milder weather Q1 2021 2,445 Energy Germany: Realization of synergies, Networks increasing efficiencies Energy Sweden, CEE & Turkey: Increased costs for -68 network losses Networks Cus
Slide 4: Economic net debt: Seasonal WC build up offset by higher interest rates
Economic net debt: Seasonal WC build up offset E.ON Q1 2022 results by higher interest rates Economic net debt – quarterly comparison €bn -8.0 -7.9 -4.7 Asset Retirement Obligations (ARO) -6.1 Pension provisions Debt factor target3 Net financial position 4.8x -5.2x -26.2 -24.7 +1.4 -38.8 -0.1 -0.1 -
Slide 5: Energy Networks: Inflation protection in all markets
Energy Networks: Inflation protection in all E.ON Q1 2022 results markets Different regulatory protection mechanisms Allowed Country Index Time-lag Inflation protection of TOTEX total allowed cost base Germany1 CPI t+2 Inflation adjustment in all Country Index Time-lag Allowed markets Sweden Industr
Slide 6: Customer Solutions: High visibility on impact from political intervention
Customer Solutions: High visibility on impact E.ON Q1 2022 results from political intervention Regulatory intervention and support schemes in retail markets End customer pricing Energy bill support schemes Reduction of levies/ taxes Increased procurement costs can be Sizable direct government aid in
Slide 7: Confirmation of 2022 Group outlook and delivery plan until 2026
Confirmation of 2022 Group outlook and delivery E.ON Q1 2022 results plan until 2026 Group outlook 20221 Delivery plan until 2026 EBITDA2: €7.6-7.8bn Dividend per share (DPS) growth of up to 5% p.a. until 2026 €0.49 dividend for FY 20214 ANI2: €2.3-2.5bn EBITDA2,5 2026: ~€7.8bn / 4-5% CAGR6 Capex3:
Slide 8: Financial Update
E.ON Q1 2022 results Financial Update 8
Slide 9: Guidance overview
Guidance overview E.ON Q1 2022 results 2022-2030 €bn Actual FY 2021 FY 20225 FY 2026 CAGR 21-26 (5yr rolling)8 Core EBITDA1 6.272 6.9-7.1 ~7.8 4-5% - Energy Networks 4.988 5.5-5.7 6.0-6.2 ~4% - Customer Solutions 1.492 1.5-1.7 1.9-2.2 5-8% - Energy Retail 1.013 1.0-1.2 1.2-1.4 3-6% - Energy Infrastr
Slide 10: Segment outlook 2022 remaining year
Segment outlook 2022 remaining year E.ON Q1 2022 results EBITDA1 key drivers 2022 All: Energy Retail: PreussenElektra: Organic RAB growth Germany: Tariff adjustments, Higher realized market prices operational improvements, synergies Germany: End of operation: Brokdorf & Grohnde Customer Solutions UK
Slide 11: Energy Networks: Network losses
Energy Networks: Network losses E.ON Q1 2022 results Estimated 2022 net impact from Regulatory accepted Impact from Recovery network losses Countries procurement approach & network losses on mechanism for Scenario 1 Scenario 2 tariff reflection 2021 actuals network losses (price view as of Jan) (pri
Slide 12: Financial overview
Financial overview €m Q1 2021 Q1 2022 %YoY Sales 18,402 29,507 +60 EBITDA1 2,445 2,084 -15 EBIT1 1,655 1,392 -16 Adjusted Net Income1 809 679 -16 OCFbIT -241 -476 -98 Investments 971 790 -19 Economic Net Debt2 -38,773 -38,857 -0 1. Adjusted for non-operating effects 2. Economic Net Debt definition c
Slide 13: Adjusted Net Income
Adjusted Net Income E.ON Q1 2022 results ANI €m vs. Q1 2021: vs. Q1 20212: -15% -16% 2,084 0.26 EPS 1,392 Tax rate at ~25% (€ per share) -692 1,154 -238 679 -289 -186 Group EBITDA1 D&A Group EBIT1 Economic Profit Income taxes Minorities Adjusted interest result before Taxes1 Net Income1 1. Adjusted
Slide 14: Cash conversion rate of -16% in Q1 2022
Cash conversion rate of -16% in Q1 2022 E.ON Q1 2022 results CCR1 €bn -16% CCR 1 2.1 0.1 -2.7 -0.5 -0.2 0.0 -0.6 -0.8 -1.4 Group Cash Change in WC OCFbIT Interest Tax payments OCF Capex FCF EBITDA2 adjustments3 payments 1. Cash Conversion Rate (CCR): (OCF bIT + provision utilization nuclear) ÷ EBITD
Slide 15: Energy Networks
Energy Networks E.ON Q1 2022 results EBITDA1 Drivers Organic RAB growth €m All Milder weather 1,531 CEE & Turkey 313 -4% 1,463 150 Germany Increasing efficiencies 117 Realization of synergies Sweden 147 Increased costs for network losses 1,196 Sweden Add. OPEX due to storms in Q1 22 Germany 1,071 CE
Slide 16: Customer Solutions
Customer Solutions E.ON Q1 2022 results EBITDA1 Drivers €m All Increased energy procurement costs not yet fully passed through 744 Milder weather (except in Other) -44% Other 252 Germany Realization of synergies UK 414 111 85 82 NL 118 UK Ongoing restructuring benefits Germany 296 122 92 Other Roman
Slide 17: Customer numbers B2B & B2C
Customer numbers B2B & B2C E.ON Q1 2022 results Customer accounts Thereof: electricity customers m1 m1 50.2 -0% 50.0 39.3 12.0 -1% 39.1 11.9 14.4 14.3 5.7 5.6 2.2 2.2 9.1 9.0 9.3 9.2 10.3 10.4 FY 2021 Q1 2022 4.1 4.1 12.1 12.0 Thereof: gas customers m1 10.3 10.4 10.9 2.4 +0% 10.9 2.4 3.6 3.6 FY 2021
Slide 18: Customer Solutions: EIS/Retail
Customer Solutions: EIS/Retail E.ON Q1 2022 results EBITDA1 Drivers €m Increased energy procurement costs not yet fully passed through 744 -62% Energy Milder weather Realization of synergies Retail Ongoing restructuring benefits Retail 570 414 Romania: Impact ‘Winter support scheme’ +15% 215 Asset o
Slide 19: Non-Core business
Non-Core business E.ON Q1 2022 results EBITDA1 Drivers €m Preussen End of operation: Brokdorf & Grohnde Elektra Higher realized market prices Preussen 263 -8% 242 Turkey Higher realized market prices Elektra 193 247 Generation FX effects Generation Turkey 49 16 Q1 2021 Q1 2022 €m PreussenElektra Gen
Slide 20: Adjusted Net Income
Adjusted Net Income €m Q1 2021 Q1 2022 %YoY EBITDA1 2,445 2,084 -15 Depreciation/amortization -790 -692 +12 EBIT1 1,655 1,392 -16 Economic interest expense, net -260 -238 +8 EBT1 1,395 1,154 -17 Income Taxes on EBT1 -349 -289 +17 % of EBT1 -25% -25% -0 Non-controlling interests -237 -186 +22 Adjuste
Slide 21: Cash-effective investments
Cash-effective investments €m Q1 2021 Q1 2022 %YoY Energy Networks 585 611 +4 Customer Solutions 123 166 +35 Corporate Functions & Other 121 11 -91 Consolidation -1 0 +100 Non-Core 143 2 -99 Investments 971 790 -19 21
Slide 22: Economic Net Debt
Economic Net Debt €m FY 2021 Q1 2022 Liquid funds 5,965 8,988 Non-current securities 1,699 1,633 Financial liabilities -32,730 -37,190 Adjusted FX hedging2 391 337 Net financial position -24,675 -26,232 Provisions for pensions -6,082 -4,720 Asset retirement obligations -8,016 -7,905 Economic Net Deb
Slide 23: Economic interest expense (net)
Economic interest expense (net) €m Q1 2021 Q1 2022 YoY Interest from financial -251 -230 21 assets/liabilities Interest cost from provisions for -16 -14 2 pensions and similar provisions Accretion of provisions for retirement obligations and -0 1 1 similar provisions Construction period interest1 3
Slide 24: Reconciliation of EBITDA to IFRS Net Income
Reconciliation of EBITDA to IFRS Net Income €m Q1 2021 Q1 2022 %YoY EBITDA1 2,445 2,084 -15 Depreciation/Amortization/Impairments -790 -692 +12 EBIT1 1,655 1,392 -16 Interest result -161 15 +109 Net book gains 1 -16 -1,700 Restructuring -84 -40 +52 Effects from derivate financial instruments 37 159
Slide 25: Bond maturities
Bond maturities E.ON Q1 2022 results Bond maturities as of end Q1 20221 €bn 17.7 Volume % Coupon 1.5 1.3 1.2 0.0% 1.1 5.9% 0.0% 0.0% 0.9 0.8 0.8 0.8 0.8 0.8 3.9% 5.7% 0.5 0.5 0.5 0.4% 0.8% 0.3 3.0% 0.0% 0.9% 1.0% 1.0% 0.3% 5.5% 5.6% 0.9% 0.1% 1.6% 5.5% Q3 Q4 Q1 Q2 Q4 Q1 Q2 Q3 Q1 Q2 Q4 Q1 Q2 Q4 >2026
Slide 26: Financial calendar & important links
Financial calendar & important links E.ON Q1 2022 results Financial calendar May 12, 2022 2022 Annual Shareholder Meeting August 10, 2022 Half-Year Financial Report: January – June 2022 November 9, 2022 Quarterly Statement: January – September 2022 March 15, 2023 Full Year Financial Report: 2022 Imp
Slide 27: E.ON Investor Relations Team
E.ON Investor Relations Team E.ON Q1 2022 results Analysts & Institutional Investors Event & Roadshow Management Verena Nicolaus-Kronenberg Björn Siggemann Vanessa Brinkmann Head of Investor Relations Manager Investor Relations Assistant Investor Relations verena.nicolaus-kronenberg@eon.com bjoern.s
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Slide 29: 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