Slide 1: 9M 2017 Results
9M 2017 Results 8th November 2017
Slide 2: Solid 9M 2017: well on track to achieve FY 2017 target
Solid 9M 2017: well on track to achieve FY 2017 target E.ON 9M 2017 results Highlights Key Financials1 €m Solid EBIT development: + 13% Q3 2017 vs 3,640 3,540 Q3 2016 Adj. Net Income up ~50% YoY 2,311 2,117 Economic Net Debt reduced to €19.7 bn (vs. €21.5 bn in H1 2017) 965 FY 17 guidance confirmed:
Slide 3: Catch-up continues in Q3 2017
Catch-up continues in Q3 2017 E.ON 9M 2017 results EBIT1 9M 2017 vs. 9M 2016 Key 9M Effects €m 9M 2016 w/o Energy 2.282 Networks + Higher regulated revenues in Germany and div. operations CEE Energy + Tariff increases in Sweden 221 Networks Customer + Price increases in Germany and UK Customer Solut
Slide 4: Adjusted Net Income supported by lower interest accretion and taxes
Adjusted Net Income supported by lower interest E.ON 9M 2017 results accretion and taxes 9M 2017 €m Group EBIT1 2.117 Interest on ~€ 55m decline yoy mainly due to lower interest income fin. assets/ -522 liabilities2 Other interest ~€600m improvement yoy mainly due to significant -53 expenses lower i
Slide 5: END improves significantly due to high cash flow and refund of nuclear fuel tax
END improves significantly due to high cash flow and E.ON 9M 2017 results refund of nuclear fuel tax END1 9M 2017 vs. FY 2016 € bn +6.6 -11.2 Operating Cash Flow: -3.6 -21.4 -3.3 -4.9 0.6 3.4 -19.7 -4.0 3.5 -10.3 10.2 -0.9 -26.3 1.35 0.4 0.2 -2.2 -0.5 END FY OCF2 Cash impact KFK Investments ABB5 Div
Slide 6: Outlook 2017 confirmed
Outlook 2017 confirmed E.ON 9M 2017 results Outlook 2017 Effects for the remainder of 2017 Energy + Regulatory effects (e.g. pensions), Networks lower maintenance costs €2.8-3.1 bn + Tariff increase in Sweden + Positive development in CEE Customer EBIT1 Solutions + Price increases in Germany & UK, f
Slide 7: Appendix
Appendix 1 Financial Details 2 Contacts, Calendar & Disclaimer
Slide 8: Appendix: Table of Contents
1 Appendix: Table of Contents E.ON 9M 2017 results 9 10 Financial Cash Highlights Conversion 11 12 Energy Customer Networks Solution 13 14 Preussen Renewables Elektra 15 Financial Appendix 8
Slide 9: Financial Highlights
1 Financial Highlights E.ON 9M 2017 results EBIT Adj. Net Income • Energy Networks: +18% YoY. • €324 m above last years Higher regulated revenues in 9M result €m 9M 2016 9M 2017 % YoY Germany and CEE and tariff • Improvement YoY mainly increases in Sweden driven by significant lower Sales 28,198 27,
Slide 10: High cash conversion rate of 120% supported by strong operating cash flow
1 High cash conversion rate2 of 120% supported by E.ON 9M 2017 results strong operating cash flow 9M 2017 € bn +120% 4.2 3.5 0.9 -0.3 3.5 -0.3 -0.2 -2.2 1.3 EBITDA1 Cash Changes in WC OCF bIT4 Interest Tax Payments OCF Capex FCF Adjustments3 Payments 1. Adjusted for non operating effects, 2. Cash Co
Slide 11: Segments: Energy Networks
1 Segments: Energy Networks E.ON 9M 2017 results Energy Networks Highlights EBIT1 € m +18% • Germany: + Regulatory effects 1,417 + Lower maintenance costs 1,196 • Sweden: 788 Germany 638 + Tariff increases • CEE & Turkey: Sweden 288 345 + Tariff increases in Hungary CEE & Turkey 270 284 + Higher all
Slide 12: Segments: Customer Solutions
1 Segments: Customer Solutions E.ON 9M 2017 results Customer Solutions Highlights EBIT1 € m • Germany: -36% – Lower power margins due to increased TSO2 fees (Q1 2017) 548 – Lower gas margin due to price decrease in Nov 2016 Germany 144 + Price increases as per Q2 2017 353 • UK: UK 227 93 – Higher EC
Slide 13: Segments: Renewables
1 Segments: Renewables E.ON 9M 2017 results Renewables Highlights EBIT1 € m • Offshore: -20% – Arkona book gain in Q2 2016 309 – Lower wind conditions in UK, FX (GBP) weakening 248 • Onshore: Offshore/Other 243 + COD of Colbeck’s Corner in May 2016 186 + Higher production of US wind farms – Lower wi
Slide 14: Segments: PreussenElektra
1 Segments: PreussenElektra E.ON 9M 2017 results PreussenElektra Highlights EBIT1 € m – Lower volumes due to Brokdorf outage +3% – Lower achieved power prices 345 357 – Additional depreciation of asset retirement costs (ARC) + End of nuclear fuel tax payments in 2016 + One-off effects in relation to
Slide 15: Adjusted Net Income
1 Adjusted Net Income E.ON 9M 2017 results €m 9M 2016 9M 2017 % YoY Economic interest 1 3,640 3,540 -3 EBITDA expense (net) Depreciation/amortization -1,329 -1,423 -7 • Improvement mainly driven 1 2,311 2,117 -8 by significant lower EBIT interest accretion of Economic interest expense (net) -1,118 -
Slide 16: Reconciliation of Adj. EBIT to IFRS Net Income
1 Reconciliation of Adj. EBIT to E.ON 9M 2017 results IFRS Net Income €m 9M 2016 9M 2017 % YoY 1 EBITDA 3,640 3,540 -3 Depreciation/Amortization/Impairments -1,329 -1,423 -7 1 EBIT 2,311 2,117 -8 Economic interest expense (net) -1,118 -575 +49 Net book gains 1 288 n/a Restructuring -221 -173 +22 Mar
Slide 17: Cash effective investments by unit
1 Cash effective investments E.ON 9M 2017 results by unit €m 9M 2016 9M 2017 % YoY Energy Networks 866 864 -0 Customer Solutions 392 350 -11 Renewables 637 961 +51 Corporate Functions & Other 78 42 -46 Consolidation -4 -5 -25 PreussenElektra 12 10 -17 Investments 1,981 2,222 +12 17 1. Adjusted for n
Slide 18: Economic Net Debt
1 Economic Net Debt1 E.ON 9M 2017 results €m 31 Dec 2016 30 June 2017 30 Sept 2017 Liquid funds 8,573 14,252 5,450 Non-current securities 4,327 3,850 3,801 Financial liabilities -14,227 -14,691 -14,304 Adjustment FX hedging ² 390 311 158 Net financial position -937 3,722 -4,895 Provisions for pensio
Slide 19: Economic interest expense (net)
1 Economic interest expense (net) E.ON 9M 2017 results Difference €m 9M 2016 9M 2017 (in € m) Interest from financial assets/liabilities -467 -522 -55 Interest cost from provisions for pensions and similar provisions -64 -61 +2 Accretion of provisions for retirement obligation and similar provisions
Slide 20: Financial Liabilities
1 Financial Liabilities E.ON 9M 2017 results Split Financial Liabilities Maturity profile (as of end 9M 2017)1 € bn € bn 4.8 30 Sept 2017 Bonds -12.5 in EUR -5.7 in GBP -3.9 in USD -2.5 2.1 in JPY -0.2 1.8 in other denominations -0.2 1.4 Promissory notes -0.4 1.1 0.8 Commercial papers 0.0 0.6 0.4 Ot
Slide 21: E.ON Investor Relations contacts
2 E.ON Investor Relations contacts E.ON 9M 2017 results Alexander Karnick T+49 (201) 184 28 38 Head of Investor Relations alexander.karnick@eon.com Martina Burger T +49 (201) 184 28 07 Manager Investor Relations martina.burger@eon.com Dr. Stephan Schönefuß T +49 (201) 184 28 22 Manager Investor Rela
Slide 22: Financial calendar & important links
2 Financial calendar & important links E.ON 9M 2017 results Financial calendar March 14, 2018 Annual Report 2017 May 8, 2018 Interim Report I: January – March 2018 May 9, 2018 2018 Annual Shareholders Meeting August 8, 2018 Interim Report II: January – June 2018 November 14, 2018 Interim Report III:
Slide 23: Disclaimer
2 Disclaimer E.ON 9M 2017 results 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