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E.on — E.ON Russia — 9M 2015 Earnings Presentation

8 slides from E.on's earnings presentation, Nov 12, 2015

  1. Slide 1: E.ON Russia 9 months 2015 results

    E.ON Russia 9 months 2015 results 12 November 2015

  2. Slide 2: 9 months 2015 results

    9 months 2015 results1 EBITDA2 EBIT2  Stable underlying business: Earnings 19.3 bn decline for 9 months mainly due to one 14.4 bn off effects: 13.4 bn  outage at Surgutskaya 9.0bn  penalty for delay of commissioning Berezovskaya new build 9M 2014 9M 2015  without these one-off effects, 9M 2014 9

  3. Slide 3: Market environment

    Market environment Day ahead market price January 2014 – September 2015 European zone DAM price (daily Hydro in Siberia average), (hourly average),  Gas tariff indexation from July 2015 RUB / MWh MW 1400 21,000 by +7.5%  Day ahead market price -4% YoY 1200 19,000  Overcapacities due to the 1000 1

  4. Slide 4: Operational development

    Operational development Electric power generation Load factor TWh % EONR Average 69 67 63 57 47 46 43 39 9M 2012 9M 2013 9M 2014 9M 2015 9M 2012 9M 2013 9M 2014 9M 2015 Efficiency Gfe/kWh – Fuel equivalent grams per 1 kWh  Power generation declined by 9%, mainly due to extended repairs of units at

  5. Slide 5: Earnings development

    Earnings development EBITDA1 drivers 9M 2015 vs. 9M 2014 RUBbn Gross margin: -10.3% to RUB 24.7bn  Lower power production due to outage at 9M 2014 Surgutskaya (one-off effect) 19.3  Low DAM prices in Surgut and Ural area due to grid congestions within June-August 2015 Gross margin -2.8 Controllabl

  6. Slide 6: Berezovskaya new build

    Berezovskaya new build  Successful comprehensive testing in Sep. 2015  Start of capacity payments in accordance with capacity supply agreement on 1 October 2015  Technical features:  Installed capacity 800 MW1  Fuel type: lignite  Remaining works to be completed in 2016-17:  New efficient fue

  7. Slide 7: E.ON Russia Investor Relations

    E.ON Russia Investor Relations Contact Dmitri Ermilichev Mail: Ermilichev_D@eon-russia.ru Phone: +7 (495)545-3838 (4825) 7

  8. Slide 8: Disclaimer

    Disclaimer This presentation may contain forward-looking statements based on current assumptions and forecasts made by E.ON Russia and other information currently available to E.ON Russia. Various known and unknown risks, uncertainties and other factors could lead to material differences between the

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