Enbw Energie Baden-wuerttemberg Ag · XETR:EBK
Enbw Energie Baden-wuerttemberg — EnBW Energie Baden-Württemberg — Crédit Agricole Global Sustainable Finance Conference 2023
22 slides from Enbw Energie Baden-wuerttemberg's conference presentation, Dec 12, 2023
Slide 1: Crédit Agricole Global Sustainable Finance Conference 2023
11 and 12 December 2023 Crédit Agricole - Global Sustainable Finance Conference 2023 » Lenka Zikmundova Head of Investor Relations Peter Berlin Head of Finance
Slide 2: EnBW's integrated business model proves resilience in times of market volatility
Crédit Agricole - Global Sustainable Finance Conference 2023 EnBW’s integrated business model proves resilience in times of market volatility and geopolitical change • The only German utility covering the entire value chain Integrated portfolio approach • Stabilizing the energy system, providing sec
Slide 3: Strong performance despite significant headwinds in 2022
Crédit Agricole - Global Sustainable Finance Conference 2023 Strong performance despite significant headwinds in 2022 EnBW Group 2021 2022 2023 Adjusted EBITDA €3.0 bn €4.0 bn €5.9 - 6.5 bn Adjusted EBITDA in € m Smart Infrastructure for Customers System-Critical Infrastructure Sustainable Generatio
Slide 4: Significant investment volume accelerates energy transition
Crédit Agricole - Global Sustainable Finance Conference 2023 Significant investment volume accelerates energy transition Triangle of energy transition Total investment volume 2023 - 2025 in € bn Smart Infrastructure Renewable for Customers energies ~ 1.5 Sustainable Generation Low-CO2, ~6 Infrastruc
Slide 5: Renewables and flexible power plants complement each other
Crédit Agricole - Global Sustainable Finance Conference 2023 Sustainable Generation Infrastructure Renewables and flexible power plants complement each other 2022 2022 42% 58% of generation of generation capacity capacity Renewable Energies Thermal Generation Energy Trading In operation 2022 Coal ex
Slide 6: Focus on large-scale expansion of renewable energies
Crédit Agricole - Global Sustainable Finance Conference 2023 Sustainable Generation Infrastructure Focus on large-scale expansion of renewable energies Generation portfolio Secured pipeline including project development1 in GW 13.1 GW of which 5.4 GW renewables PV • ~7.7 GW Wind onshore 2.0 • ~7.1 G
Slide 7: EnBW realizes first fully merchant offshore wind project in Germany
Crédit Agricole - Global Sustainable Finance Conference 2023 Sustainable Generation Infrastructure EnBW realizes first fully merchant offshore wind project in Germany He Dreiht 100% • One of the first offshore wind projects worldwide that committed EU taxonomy- Albatros to be delivered on zero-subsi
Slide 8: Fuel switch from coal to natural gas to climate neutral gases
Crédit Agricole - Global Sustainable Finance Conference 2023 Sustainable Generation Infrastructure Fuel switch from coal to natural gas to climate neutral gases reduces CO2 from dispatchable generation significantly 3 major fuel switch projects from coal to natural gas • FID March 2022 • Investment
Slide 9: Wide variety of hydrogen activities across the EnBW Group
Crédit Agricole - Global Sustainable Finance Conference 2023 Sustainable Generation Infrastructure Wide variety of hydrogen activities already in progress across the EnBW Group 1 Öhringen Hydrogen Island 4 Rostock hydrogen port • Up to 30% hydrogen blended into gas grid for heat supply • Production
Slide 10: Investing into the backbone of the energy transition - grids
Crédit Agricole - Global Sustainable Finance Conference 2023 System-Critical Infrastructure Investing into the backbone of the energy transition - grids 2022 2022 2022 144,000 3,100 2 1 ~26,700 km km km Electricity distribution grids Electricity transmission grids Gas grids • Integration of renewabl
Slide 11: Sustainable engagement for our customers
Crédit Agricole - Global Sustainable Finance Conference 2023 Smart Infrastructure for Customers Sustainable engagement for our customers Electricity and gas E-mobility Broadband/Telecommunication Supply of ~5.5 m customers with • Leading and award-winning Charge Point Operator Fiber infrastructure c
Slide 12: Accelerated decarbonization consistent with a 1.5°C path approved by SBTi
Crédit Agricole - Global Sustainable Finance Conference 2023 EnBW has accelerated its decarbonization consistent with a 1.5°C path for own emissions approved by SBTi EnBW has set itself more ambitious climate action targets Previous decarbonization -50% Climate neutrality2 timeline1 Accelerated & sp
Slide 13: Emission reduction targets include the entire value chain
Crédit Agricole - Global Sustainable Finance Conference 2023 Emission reduction targets include the entire value chain Scope 1 Scope 2 Scope 3 Direct emissions from EnBW-owned electricity and Indirect emissions transmission and distribution of Indirect emissions from gas procurement and from heat ge
Slide 14: Accelerated coal exit 2028 is a key milestone in climate transition plan
Crédit Agricole - Global Sustainable Finance Conference 2023 Accelerated coal exit 2028 is a key milestone in EnBW’s climate transition plan EnBW 1.5⁰C Paris-aligned pathway for 2035 CO2-footprint of EnBW (scope 1 – in mt CO2 eq.) (scope 1 & 2) historical figure decarbonization path non-controllable
Slide 15: EnBW follows a specific schedule to phase out coal by 2028
Crédit Agricole - Global Sustainable Finance Conference 2023 EnBW follows a specific schedule to phase out coal by 2028 WAL 1,28 ....... Jul 2013 in MW BUS10 ............. Dec 2013 HLB 5,6 ......... Apr 2014 BEX ................ Dec 2014 HKW 16 ........... Mar 2017 WAL 1,28 (Walheim) GKM 76 ........
Slide 16: Diversified funding sources and broadened investor base
Crédit Agricole - Global Sustainable Finance Conference 2023 EnBW has further diversified funding sources and broadened the investor base thanks to trust in its robust business model EnBW’s financial objectives • Flexible access to capital markets Long-term financing in the capital markets • Well-di
Slide 17: Asset Liability Management Model
Crédit Agricole - Global Sustainable Finance Conference 2023 Asset Liability Management Model Management of financing needs for pension and nuclear obligations EnBW’s cash flow-based model in € m 100% Coverage 12.000 projected 2031 Nuclear and pension provisions 10.000 10,000 8.000 8,000 6.000 6,000
Slide 18: Key investment highlights
Crédit Agricole - Global Sustainable Finance Conference 2023 Key investment highlights Integrated utility with a diversified business portfolio High share of stable, low-risk business Hedging of merchant earnings for up to 3 years in advance Ambitious climate action targets Prudent financial policy
Slide 19: Financial calendar
Crédit Agricole - Global Sustainable Finance Conference 2023 Financial calendar Upcoming events 27 March 2024, 03:00 pm CET Publication FY 2023 Investor and analyst conference call May 2024, 10:00 am CEST 7 Annual General Meeting 2024 14 May 2024, 01:00 pm CEST Publication 3M 2024 Investor and analy
Slide 20: IR contacts
Crédit Agricole - Global Sustainable Finance Conference 2023 IR contacts Marcel Münch Lenka Zikmundova Peter Berlin SVP Finance, M&A and Head of Head of Finance Investor Relations Investor Relations +49 721 63 16 102 +49 721 63 12 210 +49 721 63 12 844 investor.relations@enbw.com Julia von Wietershe
Slide 21: Important note
Crédit Agricole - Global Sustainable Finance Conference 2023 Important note No offer or investment recommendation Actual results or developments may vary, depending on changes in the operating environment. Any forward-looking statements in this This presentation constitutes neither an offer nor an i
Slide 22: EnBW Energie Baden-Wuerttemberg AG Investor Relations
EnBW Energie Baden-Wuerttemberg AG Investor Relations investor.relations@enbw.com +49 721 63-12060 Durlacher Allee 93 76131 Karlsruhe Companies registered office: Karlsruhe, Germany Local court Mannheim ⋅ HRB no. 107956 Chairman of the Supervisory Board: Lutz Feldmann Board of management: Andreas Sc
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