Uniper Se · XETR:UN0
Uniper — FY2020 Earnings Presentation
35 slides from Uniper's earnings presentation, Mar 4, 2021
Slide 1: Annual Press Conference FY2020
Annual Press Conference FY2020 March 4th, 2021
Slide 2: Our Board
Our Board nN Andreas Schierenbeck Sascha Bibert David Bryson Niek den Hollander Chief Executive Officer Chief Financial Officer Chief Openating Officer Chief Commercial Officer . . Luis Ramos Head of Corporate Communication & Governmental Relations
Slide 3: Andreas Schierenbeck, CEO
Andreas | Schierenbeck® CEO
Slide 4: Uniper's evolutionary steps
Uniper’s evolutionary steps Tightening the ship Setting the sails New Strategy introduced 2015 - 2017 2018 - 2019 2020 +200% co, cma -42,5 Mio.t (1) * Cash optimized * Operations improved * Carbon-neutral in Europe by 2035 * Portfolio streamlined * Growth in security of supply * World's 8! most valu
Slide 5: Major developments 2020
Major developments 2020 Performance * Adj. EBIT 2020 up 16% to €998m * Confirmation of €501m dividend proposal for FY 2020 <;—O; a) Portfolio & Strategy * Clearly committed timetable for exiting hard coal in Germany * Heyden nominated in first coal exit tender * Significant progress in business (e.g
Slide 6: Sustainability ambitions further increased
Sustainability ambitions further increased March Carbon neutral by 2020 2035 at the latest OT aarti Actively reduce carbon emissions . uni per ‘compared to 2019, including Scope 2
Slide 7: The evolution of our energy business
The evolution of our energy business Before By 2030
Slide 8: Coal and carbon-free generation
Coal Carbon-free generation =r generation + Exit path for hard coal and lignite fleet, Expand carbon-free position by either aiming for new business & employment direct exposure to the renewable value prospects chain or act as enabler of renewable + Improve carbon footprint of remaining Projects fle
Slide 9: European Generation CO2-neutral by 2035
European Generation CO,-neutral by 2035 CO, emissions of European Generation (net) in mt Exit of >5 GW of fossil capacity in Benelux, GER and France Main driver: Coal-exit co, neutral 2016 2019 2030 2035 Uniper start uni per
Slide 10: Strategy: Clear transition agenda
Strategy: Clear transition agenda uni per 10
Slide 11: Original coal-exit plan now accelerated
Original coal-exit plan now accelerated Heyden auction can save up to 7 Mto of C02 National coal exit plans Uniper’s coal fleet in Europe — Exit path MW uu0 Heyden* UK: 2 0 2 5 Schkopau 6000 Scholven Netherlands: 2029 Clee msshaveern Staudinger 5 4000 Germany: 2038 —————~ Rateliffe 2000 Maasvlakte 3
Slide 12: Coal generation
Coal generation Site conversion to. . industrial hubs...
Slide 13: Strategy: Clear transition agenda
Strategy: Clear transition agenda uni per 13
Slide 14: Uniper is developing its own wind and solar assets
Uniper is developing its own wind and solar assets 1 GW short term <2025 Beyond 2025 14
Slide 15: Deutsche Bahn and Uniper assessing decarbonization options
Deutsche Bahn and Uniper assessing decarbonization options in addition to today’s CO,-free hydro power supply > Enabler of sector coupling Opencast lignite mine > closed in 1988 * Testing potential for hydrogen reconversion in several existing locations * Exchange on strategic orientation in the fie
Slide 16: Strategy: Clear transition agenda
Strategy: Clear transition agenda Gas generation & ey gas midstream Expand & decarbonize + Expand Customer Solutions business with industrial customers TSOs + Materialize merchant upside Decarbonisation of gas flows as long- term goal with upside for existing generation and gas midstream Leverage cu
Slide 17: Uniper's gas business at a glance
Uniper’s gas business at a glance Gas infrastructure Gas generation Gas midstream investments & gas storage ~9 GW uni per ”
Slide 18: 2020 2025 2030 2035 2040
600 500 400 300 200 100 0 2020 2025 2030 2035 2040
Slide 19: 1990 2005 2010 2016 2017* 2018* 2020
1990 2005 2010 2016 2017* 2018* 2020
Slide 20: Hydrogen imports will be needed
Hydrogen imports will be needed H, German Hydrogen demand is projected at around 90-100 TWh Gap 2030 = 76 TWh uni per 20
Slide 21: Securing future supply of hydrogen to Europe
Securing future supply of hydrogen to Europe ‘ é uni per ae A GAZPROM 21
Slide 22: Feasibility study for iron ore direct reduction at Wilhelmshaven
Feasibility study for iron ore direct reduction at the Wilhelmshaven site In Partnership with Niedersachsen Ayjescre 27|)|RHENUS wILOGISTICS
Slide 23: HH2E Hamburg partnership
HH2E Hamburg — _ Electricity i ] iY _A-@: Heat partnership encompassing ee > . Pa [ ann >> Green Gas the whole supply chain | — > 2 PPPs H, iti ks =o 3 — Hanseatic City of Hydro Trading Industry Clients Hamburg Platform »
Slide 24: First-of-a-kind large scale commercial size project
First-of-a-kind large scale commercial size project — largest hydrogen electrolysis units to be installed in the Chemical sector’ é hd ON c02& {i iF) Circular = ———E streams Renewable energy Biogas + —<$<$_> Waste water Electrolysis "2 e —_—_> treatment plant 25 MW,, Syngas One Team Approach = @fort
Slide 25: Uniper enables project for renewable jet fuel from air
Uniper enables project for renewable jet fuel from air Project goal: Closing the carbon cycle in aviation. 1st jet fuel from air - available by 2024. uni per 5
Slide 26: Strategy: Customers & partnerships
Strategy: Clear transition agenda Customers & partnerships uni per 2s
Slide 27: Customer & Technology partnerships
Customer & Technology partnerships [ Tegerey AIRBUS zenid oO SkyNRG = SALZGITTERAG ree Q $ irport *F climeworks novatex GAZPROM [Perstorp b> IRHENUS 27 Und mehr.
Slide 28: Green Wilhelmshaven: Wind power, hydrogen production, storage and trading
w = = Fa o £ © a oe ° G IE £ £ 6 Green Wilhelmshaven: Wind power, hydrogen production, storage and trading Supply of potential industry on-site 100 ships of green ammonia 410MW through electrolysis 352.000t/a H, = 12TWh/a H, = : f and system stability 10% of German | newable energies H, demand in 20
Slide 29: Uniper journey: Exiting coal and ramping up carbon-less projects
Uniper journey: Exiting coal and ramping up carbon-less projects Coal __ Carbon-less Renewables Preparing entry into Russia's wind power market uni per Renewables Plan to commence Bad Lauchstadt 30 MW project 23 Gas CCGT Scholven 3 CCGT Irsching 6 Hydrogen Perstorp Project Renewables Min. 1 GW solar
Slide 30: Employer attractiveness and environmental footprint
We increase employer We are reducing our attractiveness. environmental footprint. We empower our Weare better prepared for employees more strongly future unexpected changes.
Slide 31: Slide 31
Slide 32: Sascha Bibert, CFO
Sascha Bibert CFO
Slide 33: Key financials FY 2020 — At the upper end of guidance
Key financials FY 2020 — At the upper end of guidance Adjusted EBIT Adjusted Net Income (ANI) OCF €m €m €m 1.241 998 932 863 774 614 FY2019 -FY2020 FY2019 —-FY2020 FY2019 -FY2020 uni per 2
Slide 34: Outlook FY 2021 — Assumption of normal environment
Outlook FY 2021 — Assumption of normal environment Adjusted EBIT Adjusted EBIT Adjusted Net Income (ANI) €m Segment outlook Ga 998 950 FY2018 FY2019 FY2020 FY2021E FY2020 FY2021E uni per 34
Slide 35: Q&A - Uniper Executive Board
Q&A —- Uniper Executive Board Andreas Schierenbeck Sascha Bibert David Bryson Niek den Hollander Chief Executive Officer Chief Financial Officer Chief Operating Officer Chief Commercial Officer nN