Slide 1: Capital Markets Story
August 2022 #StandWithUkraine Capital Markets Story
Slide 2: Connecting everyone to good energy
Connecting everyone to good energy
Slide 3: E.ON combines stability of regulated and infrastructure businesses with ambitious growth
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials E.ON combines stability of regulated and infrastructure businesses with ambitious growth … Unique positioning with customer-centric energy infrastructure and solutions Up-stream and Power and gas Customer power generation
Slide 4: Our investment highlights
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials … which is reflected in our investment highlights Dividend growth Our resilient and future-proof portfolio is the foundation for dividend growth and sustainable value creation Customer-centric energy infrastructure and so
Slide 5: We commit to annually grow the dividend, also beyond 2026
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials We commit to annually grow the dividend, also beyond 2026 Dividend per share € 0.491 0.46 0.47 0.49 0.43 0.30 0.21 2016 2017 2018 2019 2020 2021 2026 Growth beyond We delivered … … and will continue to deliver 5
Slide 6: All our businesses are benefitting from massively growing markets
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials All our businesses are benefitting from massively growing markets 50-70% >100% Growth in share of Growth of annual electricity vs. overall investment needs in EU energy demand related to power distribution E.ON’s main cus
Slide 7: E.ON will become an all-digital company
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials E.ON will become an all-digital company unlocking additional value for the core businesses Group-wide harmonized architecture Energy Networks (Common-Technology-Platform) Experience and solutions Smartification Productivi
Slide 8: We are well on track to achieve our 5-year delivery plan
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials We are well on track to achieve our 5-year delivery plan Dividend per share (DPS) growth of up to 5% p.a. until 2026 EBITDA1,2 2026: ~€7.8bn / 4-5% CAGR3 2022-2030: Average 5-year EPS2,3 2026: ~€0.90 / 7-9% CAGR3 rolling4
Slide 9: Guidance overview
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Guidance overview Change vs. May 2022 2022-2030 €bn Actual FY 2021 FY 20224 FY 2026 CAGR 21-26 (5yr rolling)7 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
Slide 10: Sustainability
Sustainability
Slide 11: At a glance: Our Group targets on Sustainability
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials At a glance: Our Group targets on Sustainability WE will achieve carbon-neutrality for Scope 1 and 2 by 2040 and full carbon-neutrality by 2050 (Scope 3) WE have set absolute SBTi1 targets and a SBTi1 intensity target for
Slide 12: E.ON is inherently sustainable
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials E.ON is inherently sustainable We enable the decarbonization … by providing the backbone for of society … the energy transition Sustainable business: helping our customers to decarbonize is the key driver of our growth We
Slide 13: Our targets across all sustainability dimensions
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Our targets across all sustainability dimensions Environ- Gover- Social mental nance Scope 1 & 2 emissions Female Executives Supervisory Board composition -100% ≥30% ≥30% by 2040 women in management female positions by 20
Slide 14: Sustainability KPI: Environmental ambitions
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Sustainability KPI: Environmental Environ- ambitions mental KPI 2020 2021 Target Scope 1: % -21 -71 CO2 footprint reduction -75 (2030)1 and -100 (2040) Scope 22: % -71 -191 [CO2eq emissions] Scope 3: % -101 -171 -50 (2030
Slide 15: Sustainability KPI: Social ambitions
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Sustainability KPI: Social ambitions Social KPI 2020 2021 Target Diversity: Female executives % 21 21 ≥ 30 by 2030 Index SIF1: 0.09 SIF1: 0.09 ≤ 0.07 by 2025 Health & safety Index LTIF2: 1.5 LTIF2: 2.1 People development:
Slide 16: Sustainability KPI: Governance ambitions
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Sustainability KPI: Governance ambitions Gover- nance KPI 2020 2021 Target Share of female % 30 30 ≥30 Supervisory Board members Independent Supervisory % 100 100 - Board members1 ESG included in Board - - - From 2022 onw
Slide 17: E.ON on its way to achieve ambitious climate targets
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials E.ON on its way to achieve ambitious climate targets E.ON’s carbon footprint E.ON’s targets3 million metric tons 2030 2040 2050 3.9 Scope 1 3.7 -75% -100% 6.1 Scope 2 1 5.7 108.0 Scope 3 -50% -100% 100.4 4 Avoided 99 emis
Slide 18: Sustainability criteria are deeply embedded in our business
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Sustainability criteria are deeply embedded in our business Active steering of carbon Integration of climate footprint, health & safety and social risks into all and diversity steering processes Sustainability KPIs and ta
Slide 19: The new E.ON Board Compensation Plan
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials The new E.ON Board Compensation Plan: Sustainability targets embedded in short-term and long-term incentive (As of 01.01.2022) Target structure Maximum remuneration Base | Fixed amount, paid in twelve monthly rates 26-32%
Slide 20: E.ON Sustainability Index reflects ambitious sustainability targets
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials E.ON Sustainability Index reflects ambitious sustainability targets Exemplary composition of E.ON Sustainability Index as integral part of the E.ON Board and executive compensation scheme Carbon emission reduction Climate
Slide 21: E.ON's sustainability performance highly ranked by ESG rating agencies
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials E.ON’s sustainability performance highly ranked by ESG rating agencies Rating: AA Rated on a AAA to CCC scale E.ON listed on High relative performance ESG Risk Rating: 23.2 (medium risk) Rated on a 0 to 40+ scale Rank 21
Slide 22: Environmental projects with focus on biodiversity
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials E.ON contributes to a variety of impactful environmental projects with focus on biodiversity E.ON is an exclusive corporate Ecological corridor management is a The LEAF Coalition has mobilized partner of UNEP supporting t
Slide 23: Digital
a Digital « 4 -.” oe AS @°: eo
Slide 24: At a glance: Our Group targets on Digital
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials At a glance: Our Group targets on Digital WE will introduce a Group-wide Common-Technology-Platform for E.ON WE will move all applications from our data centers to the cloud by end of 2023 WE will significantly increase o
Slide 25: Digitalization addresses the increasing complexities of the energy system
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Digitalization addresses the increasing complexities of the energy system of the future The energy system is becoming more decentralized, volatile and … leading to new challenges for E.ON connected with fast growing compl
Slide 26: Our digitalization strategy pays off in our core businesses
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Our digitalization strategy pays off in our core businesses Energy Networks Customer Solutions Smartification of assets • 4-5% productivity increase in Energy Networks supported by • Driving maximum efficiencies by implem
Slide 27: Digital transformation is at the core of E.ON's strategy
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Digital transformation is at the core of E.ON’s strategy Digital transformation is about applying technologies to radically change traditional processes, products and services into data-driven, highly connected solutions
Slide 28: Group-wide Common-Technology-Platform for E.ON
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Introducing a Group-wide Common-Technology- Platform for E.ON Benefits of CTP1 CTP1 covers four layers Experience and solutions • Process excellence through Seamless customer experience, standardization across the insight
Slide 29: Partnership approach to fully cloudify our data centers
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Partnership approach to fully cloudify our data centers Cloud transition underway Roles in cloudification of E.ON until 2023 Transform to an even more stable and reliable E.ON takes on ownership and accountability infrast
Slide 30: Open digital energy ecosystem creates additional business opportunities
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Open digital energy ecosystem creates additional business opportunities E.ON One – capitalizes on revenue opportunities arising from the decentral energy system Why we do it What we do • A single control center can no • D
Slide 31: Digitally enhance our engagement to leverage the digital customer journey
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials We will digitally enhance our engagement to leverage the digital customer journey Optimizing customer relationship management to harvest cross selling opportunities and efficiency potential Integrated digital online • One
Slide 32: We prioritize digital upskilling of our entire workforce
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials We prioritize digital upskilling of our entire workforce We conduct upskill journeys We create expert services to retain crucial We develop a Group-wide for all our employees capabilities within E.ON digital academy • Web
Slide 33: Energy Networks
Sa Energy Networks. _
Slide 34: At a glance: Our ambitions for Energy Networks
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials At a glance: Our ambitions for Energy Networks WE will accelerate our power RAB growth to at least 6% p.a. WE will deliver underlying EBITDA growth in Energy Networks of ~4% p.a. until 2026 resulting in an EBITDA between
Slide 35: E.ON's networks are the backbone for Europe's green energy transition
E.ON’s networks E.ON’s markets are the backbone Total RAB 1,2 for Europe’s €35.0bn Germany 22.8 green energy Power: €29.6bn RAB €bn transition Gas: €5.4bn FY2021 Sweden RAB €bn 4.8 CEE3,4 and Turkey4 RAB €bn 7.4 Power Power Gas and Gas 1. RAB is the value of all distribution assets determined by the
Slide 36: Decarbonization requires significant investments in power distribution networks
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Decarbonization requires significant investments in power distribution networks Annual investment needs in EU power distribution networks Renewables Renewables build-out Changing build-out customer behavior €bn 39 Additio
Slide 37: Energy transition creates an opportunity to grow our network infrastructure
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Energy transition creates an unprecedented opportunity to grow our network infrastructure Renewables build-out E.ON power RAB growth In the next 5 years, we will connect more than 37 GW of We are ready to deliver this gro
Slide 38: Renewables build-out: a main driver for networks growth
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Renewables build-out: One of the main drivers for E.ON’s networks growth Rising renewables capacity connected to E.ON’s networks >20% of renewables in Europe 150 GW connected to E.ON‘s networks, this is overproportional t
Slide 39: Changing customer behavior: Increased connection requests
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Changing customer behavior: Increased connection requests to E.ON’s networks Examples for connection requests to E.ON’s networks from industrial customers ~1,600 MW ~180 MW ~180 MW Data centers Volkswagen battery Currenta
Slide 40: Digitalization: €300-400m annually for network smartification
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Digitalization: We will invest €300-400m annually for network smartification Asset smartification progress in Germany Digitalization leads to smartification Networks Invest 2026 Benefit Digital interconnection of assets v
Slide 41: Network reinforcement: Further acceleration of RAB growth
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Network reinforcement: Further acceleration of E.ON’s RAB growth Changing customer demand … … creates the need for reinforced and modernized networks To balance the customer demand growth with security of supply, assets n
Slide 42: We accelerate our power RAB growth to at least 6% p.a.
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials We accelerate our power RAB growth to at least 6% p.a. E.ON power RAB development1 €bn >40 30 29 28 27 2018 2019 2020 2021 2026 2030 1. Assuming constant number of network concessions, constant FX-rate (year-end 2021) 42
Slide 43: RAB growth driven by multiple market specific parameters
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials RAB growth driven by multiple market specific parameters Power RAB development Local drivers €bn 5-7% CAGR • Renewable connections Germany1 25.4 • Major customer projects 18.3 >24 • Digitalization /modernization 2021 2026
Slide 44: Accelerated capex deployment in line with strategic ambitions
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Accelerated capex deployment in line with strategic ambitions Capex 2021 Capex 2022-2026 99% EU taxonomy aligned2 ~€4.5bn1 ~€3.5bn1 ~€1bn p.a. increase p.a. €22bn Total capex 2022-2026 Network reinforcement Renewables bui
Slide 45: Gas networks enable us to integrate hydrogen
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Gas networks enable us to integrate hydrogen and represent a future investment opportunity We support our customers’ decarbonization with hydrogen solutions Upstream Midstream Downstream Power generation Transportation H2
Slide 46: Strong track record in leading efficiency
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials E.ON builds on a strong track record in leading efficiency German power network efficiency scores Sweden power network efficiency scores >€600m additional revenues in regulatory period1 100% 100% E.ON networks 95% Industr
Slide 47: E.ON's performance culture is boosting productivity
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials E.ON’s performance culture is boosting productivity across all markets Internal efficiency benchmarking across all markets Constantly improving productivity All E.ON DSOs Opex/RAB (average across countries) >€5bn Underlyi
Slide 48: We build ONE data platform for Energy Networks
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials We build ONE data platform for Energy Networks Architecture of digital ecosystem Smart solutions Regulated business Additional network business Access to all data sources allows additional value creation (e.g. through AI)
Slide 49: Digitalization is key driver for our productivity
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Digitalization is key driver for our productivity Enabling renewables and High security of supply Transparency in energy consumption Reduction of customer CO2 footprint eMobility build-out Network quality outperforming So
Slide 50: Digitalization offers additional benefits and earnings potential
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Digitalization offers additional benefits and earnings potential Significantly enlarged RAB Fully digital networks Attractive partner New business opportunities Smartification increases RAB Increased cost efficiency in Ex
Slide 51: Energy Networks EBITDA to grow ~4% until 2026
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Energy Networks EBITDA to grow ~4% until 2026 Energy Networks EBITDA1 and outlook 6.0-6.2 €bn 5.5-5.72 5.0 1.0 0.5 3.5 2021 2022 2026 Germany Sweden CEE and Turkey 1. Adjusted for non-operating effects 2. No earnings impa
Slide 52: Various EBITDA components beyond allowed return
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Various EBITDA components beyond allowed return Illustrative EBITDA components across E.ON regions ~33% ~30% ~37% • Opex efficiency Actual vs. allowed opex • Income from incentives = Total regulated EBITDA E.g. network lo
Slide 53: Germany: Illustrative EBITDA composition
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Germany: Illustrative EBITDA composition – More components than allowed Return on Equity Illustrative EBITDA1 composition Regulatory Performance Additional Return on Equity Participations2 Other earnings Timing effects de
Slide 54: Sweden, CEE and Turkey: Illustrative EBITDA composition
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Sweden, CEE and Turkey: Illustrative EBITDA composition – Regulatory depreciation as important earnings component Illustrative EBITDA1 composition Regulatory Performance Additional Return on RAB Other earnings Timing effe
Slide 55: Allowed revenue positively geared towards rising interest rates and inflation
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials E.ON’s allowed revenue is positively geared towards rising interest rates and inflation Time horizon Impact of increasing interest rates and inflation on allowed revenues • Allowed WACCs1/Return on Equity are usually adju
Slide 56: Inflation protection in all markets
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Inflation protection in all 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 Inde
Slide 57: Network charges represent only 25% of German power price
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Network charges represent only 25% of German power price Composition of average electricity price in Germany1 Development of the Renewable surcharge2 Ct/kWh 6.5 Electricity Renewable Renewable surcharge decreases 43% 3.7
Slide 58: Energy Network operations in Germany and Sweden carbon neutral by 2030
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Energy Network operations in Germany and Sweden to be carbon neutral by 2030 Power and gas networks CO2 emissions in Germany and Sweden Measures to achieve carbon neutrality Network losses • Green network loss purchases 2
Slide 59: Preservation of biodiversity by corridor management along power lines
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Preservation of biodiversity by corridor management along power lines We foster a sustainable culture in our Energy Networks businesses 70,000 hectares along 13,000 kilometers of power lines will become biotopes and habit
Slide 60: Germany: Lower Return on Equity in 4th regulatory period
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Germany: Lower Return on Equity in 4th regulatory period Pro forma Pro forma Pro forma E.ON’s view on Return on Equity determination by BNetzA WACC calculation WACC 3rd WACC 4th regulatory period regulatory period Risk fr
Slide 61: Germany: Building blocks of allowed revenues
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Germany: Building blocks of allowed revenues Schematic illustration for 2021 (power & gas) ~€21.2bn Gas1(New) ~€1.1bn Gas (Old) ~€3.4bn Totex indexed to thereof CPI and subject to ~ €4.0bn power general and individual Pow
Slide 62: Germany: Upcoming regulatory events
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Germany: Upcoming regulatory events End of June Q3 January December 31st October Submission of cost Determination of Start of new BNetzA’s Determination of appraisal to efficiency factor power regulatory evaluation report
Slide 63: Europe: Upcoming regulatory events
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Europe: Upcoming regulatory events January January January January Start of new Start of new Start of new Start of new SVK regulatory SWE regulatory regulatory regulatory period period period HU period CZ PL1 Regulatory R
Slide 64: Customer Solutions
Customer Soluti yr @...
Slide 65: At a glance: Our ambitions for Customer Solutions
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials At a glance: Our ambitions for Customer Solutions WE will increase our Energy Retail EBITDA from 2021 with a CAGR of 3-6% to €1.2-1.4bn by 2026 WE will increase our Energy Infrastructure Solutions EBITDA from 2021 with a
Slide 66: E.ON's Customer Solutions portfolio
E.ON’s Customer Solutions portfolio E.ON’s main Energy best positioned to markets and Retail pioneer the energy business areas Energy Sales Future Energy Home eMobility Solutions transition and meet Decentral increasing demand Energy for sustainability Infrastructure Energy Infrastructure Solutions
Slide 67: All sectors shifting towards green energy
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials All sectors shifting towards green energy Increasing global demand for green power and green gas across all sectors Buildings1 Industry1 Transport1 96 % 93 % 82 % 52 % 37 % 41 % 16 % 19 % 3% 2020 2030 2050 2020 2030 2050
Slide 68: Energy Retail represents the first pillar of Customer Solutions
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Energy Retail represents the first pillar of our Customer Solutions portfolio Energy Retail Decentral Infrastructure New Business Energy Sales Energy Infrastructure eMobility Infrastructure Supply of electricity and gas S
Slide 69: Energy Retail: EBITDA growth driven by Energy Sales and Retail Solutions
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Energy Retail: EBITDA growth driven by excellence in Energy Sales and value creation in Retail Solutions 1 We will drive excellence in Energy Sales EBITDA Energy Retail €bn A Excellent procurement and risk management capa
Slide 70: Energy Sales: Digitally- and data-enabled excellence
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Energy Sales: Digitally- and data-enabled excellence further improves customer value 1 Our sales platforms will be constantly upgraded Delivering additional growth and value to increase efficiency and reduce cost to serve
Slide 71: Energy Sales: We increase focus on higher margin customers
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Energy Sales: We increase focus on higher margin customers 1 Volume sold to B2B customers Customer numbers1 TWh p.a. m A 300 ~50 ~50 B 14.3 C 150 9.2 All 4.1 markets 12.1 D 10.4 2020 2024 FY 2021 2024 2 • B2B energy sales
Slide 72: Energy Sales: We increase green tariff offerings
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Energy Sales: We increase green tariff offerings to attract new customers and ensure long-term retention 1 Our green footprint1 We are proactively contributing Our decarbonization promise to the decarbonization of our cus
Slide 73: Retail Solutions: Market driven by demand for sustainable solutions
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Retail Solutions: Market driven by growing demand for sustainable solutions 1 Market size Future Energy Home 1,2 Market size eMobility Solutions 3 €bn €bn A ~25 >40 B C 2020 2024 2030 2020 2024 2026 D Gas boiler Heat pump
Slide 74: Retail Solutions: Strong track record across Europe
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Retail Solutions: Strong track record across Europe 1 Our footprint Our strong track record ~2m Active service customers A PV B2C market leader top 3 in all our active >115,000 PV and storage units installed1 B markets >2
Slide 75: Retail Solutions: Significant growth leveraging our customer base
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Retail Solutions: Significant growth by leveraging our customer base 1 Revenue Future Energy Home Revenue eMobility Solutions €bn €bn A B 1.6-1.8 0.9-1.1 C >0.8 <0.1 D 2021 2026 2021 2026 Units installed1 ~110,000 >250,00
Slide 76: Energy Infrastructure Solutions: second pillar
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Energy Infrastructure Solutions represents the second pillar of our Customer Solutions portfolio Energy Retail Decentral Infrastructure New Business Energy Sales Energy Infrastructure eMobility Infrastructure Solutions (E
Slide 77: EIS: Capex driven EBITDA growth
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials EIS: Capex driven EBITDA growth due to increasing demand for sustainable infrastructure solutions Capex split Energy Infrastructure Faster than market growth EBITDA Energy Infrastructure Solutions: Solutions: 2022-2026 20
Slide 78: EIS: Strong market growth across Europe
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials EIS: Strong market growth across Europe Market trends Market development in EIS decarbonization solutions • Sustainability and CO2 reduction • Electrification and sector coupling • Community building • Digitization, drive
Slide 79: EIS: E.ON best positioned for the sustainability transition
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials EIS: E.ON best positioned to become change agent for the sustainability transition Our portfolio Customer segments Cluster for decarbonization solutions Heat Cooling Real estate Commercial City-quarter solutions based on
Slide 80: EIS: Strong footprint across Europe
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials EIS: E.ON Strong footprint across Europe Serving customers in Europe across # of plants 15 countries ~4,100 Revenue EBITDA €bn €bn Heat, cooling, steam 2.6 networks 2.0 ~5,000 km 0.48 0.34 Heat, cooling and steam 2020 202
Slide 81: EIS: State-of-the-art solutions drive customer value
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials EIS: State-of-the-art solutions drive customer value MIND Milano Recycling plant Högbytorp Biomass plant Hürth Project example (Italia) (Sweden) (Germany) EIS cluster Development of a mixed-use district, low- Transition t
Slide 82: EIS: Sustainable solutions improve CO2 footprint
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials EIS: Sustainable solutions strongly improve CO2 footprint Generation asset base today Generation asset base 2030 TWh TWh Fossil Renewables Fossil Renewables 23 % 40 % Gas 45 % Gas Recycled1 10 % No more coal-based Coal 67
Slide 83: New business areas: Hydrogen and eMobility Infrastructure
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials New business areas for our Customer Solutions portfolio are Hydrogen and eMobility Infrastructure Energy Retail Decentral Infrastructure New Business Energy Sales Energy Infrastructure eMobility Infrastructure Solutions (
Slide 84: eMobility Infrastructure: public ultra fast charging network
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials eMobility Infrastructure: Build, own and operate a public ultra fast charging network Business model eMobility charging footprint Private Public 4th Passenger vehicles 2 Sell Build Build Own 3rd Operate Operate Commercial
Slide 85: eMobility Infrastructure: Reach top 3 positions via partnerships
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials eMobility Infrastructure: Reach top 3 positions across our markets via partnerships Business expects by 2030 to become the … … leading urban charging network … top 3 highway fast charging … main partner for electrificatio
Slide 86: Hydrogen: Future market demand across four segments
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Hydrogen: Future market demand to span across four segments EU final energy demand by fuel type Projected Hydrogen demand in Europe in 2040 TWh TWh ~13,100 Industry ~9,500 There are no alternatives to decarbonize industry
Slide 87: Hydrogen: Our project activity underlines E.ON's right to play
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Hydrogen: Our project activity underlines E.ON's right to play Our footprint across Germany with more than 50 projects Customers are increasingly demanding decarbonized gases • Potential customers with need for decarboniz
Slide 88: Hydrogen: leading driver of the EU hydrogen transition
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Hydrogen: E.ON will be a leading driver of the EU hydrogen transition and is already active in all stages Onsite generation for local consumption Hubs for regional consumption Global Green Gas ecosystems H2 H2 H2 H2 H2 H2
Slide 89: Financials
ce. . oe re -¢ eo
Slide 90: Financial Framework with extended outlook until 2026
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Financial Framework with extended outlook until 2026 providing more visibility Dividend per share (DPS) growth of up to 5% p.a. until 2026 EBITDA1,2 2026: ~€7.8bn / 4-5% CAGR3 2022-2030: Average 5-year EPS2,3 2026: ~€0.90
Slide 91: We commit to annually grow the dividend, also beyond 2026
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials We commit to annually grow the dividend, also beyond 2026 Dividend per share € 0.46 0.47 0.49 0.43 0.30 0.21 2016 2017 2018 2019 2020 2021 2026 Growth beyond We delivered … … and will continue to deliver 91
Slide 92: Earnings growth driven by all businesses
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Earnings growth driven by all businesses EBITDA1,2 €bn ~7.8 6.9-7.13 6.3 2021 2022 2026 Growth beyond 1. Adjusted for non-operating effects 2. Core business only (segments: Energy Networks, Customer Solutions, Corporate F
Slide 93: Earnings growth from RAB growth and Customer Solutions
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Earnings growth as result of RAB growth and growth in Customer Solutions Energy Networks EBITDA1 Customer Solutions EBITDA1 €bn €bn 6.0-6.2 5.5-5.72 1.9-2.2 5.0 1.5-1.72 1.5 0.7-0.8 8-11% 0.5-0.6 2021-2026 CAGR 0.5 1.0-1.
Slide 94: Additional efficiencies of ~€500m by 2026
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Additional efficiencies of ~€500m by 2026 on top of synergy delivery embedded in business Net synergy and additional efficiency targets1 €m Embedded efficiencies: No additional separate plan, efficiencies embedded in busi
Slide 95: Attractive and sustainable long-term EPS growth
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Highly attractive and sustainable long-term EPS growth Earnings per Share 1,2 € ~0.90 0.73-0.804 0.62 2021 2022 2026 Growth beyond 1. Adjusted for non-operating effects 2. Core business only (segments: Energy Networks, Cu
Slide 96: Investments 2022 in line with growth strategy
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Investments 2022 in line with growth strategy Investments 2022 Investments 2022-2026 €bn €bn ~95% ~95% ~5.31 EU taxonomy aligned2 ~271 EU taxonomy aligned2 Energy Networks Customer Solutions Corporate Functions & Other 1.
Slide 97: Investments in Energy Networks and Customer Solutions
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Investments in Energy Networks and Customer Solutions with strong focus on infrastructure growth Energy Networks 2022-2026 Customer Solutions 2022-2026 €bn €bn ~70% ~221 ~51 energy infrastructure Power Gas Other Energy In
Slide 98: Investment opportunities following strict capital allocation criteria
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Investment opportunities following strict capital allocation criteria Strict capital allocation criteria Average Return on Capital Employed Focus on investments in Attractive risk return profile regulated networks and wit
Slide 99: We maintain the 4.8-5.2x debt factor target
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials We maintain the 4.8-5.2x debt factor target securing our strong BBB/Baa rating Debt factor ( Economic Net Debt / EBITDA) + ARO1 reduction + Optimized cash management Debt factor target of + Portfolio optimization €2-4bn 4
Slide 100: Balance between sources and uses of funds
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials A prudent balance between sources and uses of funds for sustainable long-term growth Sources of funds Sources and uses of funds 2022-2026 €bn High cash conversion and EBITDA growth lead to strong OCF1 ~2-4 Additional ~€2-
Slide 101: Sound funding strategy accessing various markets
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Sound funding strategy accessing various markets • Bond refinancing €2.5-5bn p.a. • Cash utilization of asset retirement obligations Volumes • Optimize maturity profile and interest costs 3-30 years preferred • Redemption
Slide 102: Substantial liquidity buffer and diverse liquidity sources
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Substantial liquidity buffer & access to diverse liquidity sources are cornerstones of E.ON’s liquidity management Liquidity sources • €5.4n in cash & equivalents Large volume • €2.8bn bonds successfully issued in Q1 • €1
Slide 103: Guidance overview
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Guidance overview Change vs. May 2022 2022-2030 €bn Actual FY 2021 FY 20224 FY 2026 CAGR 21-26 (5yr rolling)7 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
Slide 104: Bond maturities
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Bond maturities Bond maturities as of end H1 20221 €bn 17.7 Volume % Coupon 1.5 1.3 1.2 0.0% 1.1 5.9% 0.9 0.0% 0.0% 0.8 3.9% 0.8 0.8 0.8 0.8 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%
Slide 105: Benchmark bonds of E.ON Group
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Benchmark bonds of E.ON Group as of August 9th, 20221 Green Bond Volume in millions in Volume in millions in Issuer respective currency Coupon Maturity Issuer respective currency Coupon Maturity E.ON SE 500 EUR 0.000% Sep
Slide 106: Green Bond Framework overview
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Green Bond Framework overview: Framework structure in line with draft EU Green Bond Standard Management of Green assets and capex Process for selection of green assets and capex use-of-proceeds Reporting + External Verifi
Slide 107: Green Bond categories
Why E.ON? Sustainability Digital Energy Networks Customer Solutions Financials Green Bond categories Electricity Networks (DSO) Renewable Energy Energy Efficiency Clean Transportation Renewable energy production and Integrated on-site business and city EV charging stations and supporting All distrib
Slide 108: Financial calendar & important links
Financial calendar & important links E.ON Q1 2022 results Financial calendar November 9, 2022 Quarterly Statement: January – September 2022 March 15, 2023 Full Year Financial Report: 2022 May 10, 2023 Quarterly Statement: January – March 2023 May 17, 2023 Annual General Meeting Important links Prese
Slide 109: E.ON Investor Relations Team
E.ON Investor Relations Team E.ON H1 2022 results General Contact: +49 201 184 2806 investorrelations@eon.com Analysts & Institutional Investors Verena Nicolaus-Kronenberg Max Sadrina Britta Wöhner Head of Investor Relations Manager Investor Relations Manager Investor Relations verena.nicolaus-krone
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Slide 111: 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 agree