Slide 1: Company presentation March 2026
Company presentation March 2026
Slide 2: Agenda
Agenda EVN at a glance Back-up information Company presentation, March 2026 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 Renewable (980 MW) Thermal (622 MW) Electricity supply Electricity (3.6m) supply (142,423 km) Natural gas (0.3m) Electricity Storage Natural gas Natural gas Heating (0.1m) Batteries (8 MW) (13,
Slide 4: High share of regulated and stable business
High share of regulated and stable business EUR 909.1m ~80% of EBITDA from regulated and stable business in FY 2024/25 Regulated business in Lower Austria Electricity distribution networks Natural gas distribution networks 41% Wind generation Stable business in Lower Austria Water supply (1.
Slide 5: The energy future is renewable and offers many opportunities for EVN
The energy future is renewable and offers many opportunities for EVN • Grid expansion • Large battery storage • 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
Slide 6: Ambitious Capex programme of ~EUR 1bn p.a. until 2030
Ambitious Capex programme of ~EUR 1bn p.a. until 2030 • Structure of investments1) will remain unchanged • Investment strategy − Focus on networks, wind and PV generation, battery storage, heating, e-charging infrastructure, drinking water supply − Around 80% of investments to be made in Lower Austr
Slide 7: EVN share – Shareholder structure and dividends
EVN share – Shareholder structure and dividends • Shareholder structure • Dividend history 2024/25 2023/24 2022/23 Dividend per share (EUR) 0.90 0.90 0.52 Special dividend per share (EUR) - - 0.62 Payout ratio (%) 36.7 34.0 38.4 Dividend yield (%) 3.8 3.2 4.5 30.09.2025 Share price (EUR) 23.40 Marke
Slide 8: Outlook for 2025/26: Group net result expected in range EUR 430m to EUR 480m
Outlook for 2025/26: Group net result is expected in the range from EUR 430m to EUR 480m Company presentation, March 2026 8
Slide 9: Financial ambition 2030
Financial ambition 2030 • EBITDA 2029/30 ~EUR 1.1-1.2bn (CAGR 8%)1) • Strategic financial KPIs for EVN Group Perspective 20302) Group net results3) ~EUR 450m p.a. ROCE >6.0% WACC 5.0% Investments ~EUR 1bn p.a. Net Debt/Funds from Operations 2.0 to 2.5 2) Specific guidance for individual years is com
Slide 10: 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.) Company presentation, March 2026 10
Slide 11: Remuneration structure of EVN's wind portfolio
Remuneration structure of EVN‘s wind portfolio 532 MW installed capacity (as of 30.09.2025) Market premiums (floor) − Range from EUR 70-85 per MWh − Tenor of support scheme: 20 years Fixed feed-in tariffs − Range from EUR 81-95 per MWh − Tenor of support scheme: 13 years Merchant − 12-18 months roll
Slide 12: New 300 MW expansion target for large battery storage until 2030
New 300 MW expansion target for large battery storage until 2030 • 8 MW storage capacity under operation (as of 30 September 2025) − Co-location battery storage at wind and PV parks • Construction start for large-battery storage projects during 2026 at former thermal locations − 70 MW battery Theiss
Slide 13: 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 • Split of networks Capex requires substantial expansion until 2030 • Main drivers: • Major milestones − Integration of volatile renewables generation from wind − Installing 1,
Slide 14: 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 15: 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 16: Drinking water business in Lower Austria
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 17: 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 122.9m1) #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 18: 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 19: 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 1bn until 2030 − Continuous expansion of domestic regulated and stable activities through focus on networks, wind generation, hea
Slide 20: Agenda
Agenda EVN at a glance Back-up information Company presentation, March 2026 20
Slide 21: 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 1.5°C-transition plan in water infrastructure to renewable generation line with Paris Climate ensure security and capacities (wind Agreemen
Slide 22: EVN Climate Initiative – Designing the energy future
EVN Climate Initiative – Designing the energy future • 1.5°C-transition plan − in line with Paris Climate Agreement − Emission reduction targets validated by the Science Based Targets Initiative (SBTi) in April 2025 − Main decarbonisation lever: − Strong expansion of renewable generation capacities
Slide 23: Highly rated ESG performance underlines EVN's ambitions
Highly rated ESG performance underlines EVN’s ambitions Moody`s Analytics • Scale 0-100, Sector Average: 53 ESG Overall Score 58 • Last update: 2024 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, Leade
Slide 24: 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, March 2026 24
Slide 25: 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 26: 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 27: 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 − > 3,700 e-charging points and > 26,000 e-charging cards • Focus on destination charging − Full-service provider for par
Slide 28: 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 29: 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 30: EVN's renewable growth strategy based on increasing wind portfolio
EVN’s renewable growth strategy is based on a constantly increasing wind generation portfolio • Total installed wind capacity: 532 MW (as of 30.09.2025) − Thereof 516 MW in Austria Company presentation, March 2026 30
Slide 31: 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 32: 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 33: 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 34: Key financials Q1 2025/26
Key financials Q. 1 2025/26 • Increase in revenue − Positive regulatory price effects in the network companies in Lower Austria and Bulgaria − Higher revenue at EVN Wärme due to colder temperatures − Contrasted by a price- and volume-related decline in revenues from renewable generation • EBITDA and
Slide 35: Solid balance sheet structure
Solid balance sheet structure Current assets 13.3 11.2 __ Current liabilities 1,326.5 Net debt Non-curent assets 86.7 28.3 ___Non-current liabilities 1,129.3 1,155.9 60.4 __ Equity 16.8% 17.3% 19.5% Gearing Strong balance sheet is the basis for EVN’s ambitious investment programme Ratings: Moody
Slide 36: Total financial debt of ~EUR 1.1bn with well-balanced maturity profile
Total financial debt of ~EUR 1.1bn with a well-balanced maturity profile over the coming years EUR 770m undrawn, committed credit lines (as of 30 September 2025) Company presentation, March 2026 36
Slide 37: 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 38: 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 39: Challenging market environment
Challenging market environment Source: EVN, February 2026 Company presentation, March 2026 39
Slide 40: 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 41: 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 42: 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
Slide 43: Disclaimer to slide 9 (Financial ambition 2030)
Disclaimer to slide 9 (Financial ambition 2030) The slide 9 reflects 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 assessment of opportunities and ris