E.on Se · XETR:EOAN
E.on — E.ON Russia — H1 2015 Earnings Presentation
8 slides from E.on's earnings presentation, Aug 13, 2015
Slide 1: E.ON Russia 2015 first half results
E.ON Russia 2015 first half results 13 August 2015
Slide 2: 2015 first half results
2015 first half results1 EBITDA2 EBIT2 12.7bn Earnings decline in first half mainly due to 10.1bn 8.9bn 6.6bn outage at Surgutskaya penalty for delay of commissioning Berezovskaya new build 1H 2014 1H 2015 1H 2014 1H 2015 Capex mainly allocated to Berezovskaya Underlying net income2 Capex ne
Slide 3: Market environment
Market environment European zone Day ahead market price January 2014 – June 2015 Day ahead market price -3% YoY DAM price Hydro in Siberia (daily average), (hourly average), Overcapacity due to the RUB / MWh MW commissioning of new capacity under 1400 21.000 capacity supply agreements 1200 19.00
Slide 4: Operational development
Operational development Electric power generation Load factor TWh % EONR Average 71 70 69 32 58 32 31 26 1H 2012 1H 2013 1H 2014 1H 2015 1H 2012 1H 2013 1H 2014 1H 2015 Efficiency Gfe/kWh – Fuel equivalent grams per 1 kWh Power generation declined by 16%, mainly due to extended repairs of units at
Slide 5: Earnings development
Earnings development EBITDA drivers 1H 2015 vs. 1H 2014 Gross margin: -7.5% to RUB 17.5bn RUBbn Increased DAM price and KOM payments in Siberia Higher CSA payments due to WACC adjustment 1H 2014 12.7 Lower power production due to outage at Surgutskaya Controllable costs: +28.4% to RUB 6.5bn Gr
Slide 6: Berezovskaya new build
Berezovskaya new build Expected commissioning date: September 2015 Completed works • Hydrostatic test of boiler was successfully performed • Boiler ignition and steam-water-oxygen cleaning of boiler completed • Steam to turbine and three trial runs of turbine are performed • Permission to sell elect
Slide 7: E.ON Russia IR - Reporting calendar & contact
E.ON Russia IR - Reporting calendar & contact Reporting calendar Date Event October 28, 2015 Publication of the RAS statements of E.ON Russia for 9 months of 2015 November 12, 2015 Publication of the IFRS financial results of E.ON Russia for 9 months of 2015 Contact Dmitri Ermilichev Mail: Ermiliche
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