Bkw AgSIX: BKW

Presentation of the Half-Year Report 2024

· Issued by Bkw Ag

Presentation of the 2024 half-year report

Zurich, 08/21/2024

BKW reports very good 2024 half-year results

Program

Review of the first half of 2024

CEO Robert Itschner

Financial results for the first half of 2024

CFO Martin Zwyssig

Outlook for the 2024 fiscal year

CEO Robert Itschner

Q&A

Review of the first half of 2024

Presentation of the 2024 half-year report

08/21/2024

4

Strong first half of 2024

Revenue

EBIT

Operating net profit

CHF 2,330 m CHF 438 m

CHF 303 m

Presentation of the 2024 half-year report

08/21/2024

5

BKW resilient thanks to complementary business areas

Energy

Grid

Services

Presentation of the 2024 half-year report

08/21/2024

6

Electricity Act: Supporting energy transition and reliability of supply

Accelerated expansion of renewables

e.g. Trift and Grimselsee enlargement

More efficient grid expansion

for the energy transition

Strengthening the reliability of supply

more winter electricity and stable grids

Presentation of the 2024 half-year report

08/21/2024

7

Energy: Tailwind for renewable energy projects

Grimselsee enlargement

Submission of concession application

Turbach hydropower plant

Start of construction this summer

MontSol alpine solar project

Approval by the populace

Fosen Vind

Agreement reached with Sami

Presentation of the 2024 half-year report

08/21/2024

8

Grid: Investing in secure grids for today's and tomorrow's energy distribution

Smart meters

Installation partner selected

2,600 new photovoltaic systems

from January to June 2024

Ongoing grid reinforcements

to enable expansion of solar energy

Presentation of the 2024 half-year report

08/21/2024

9

Services: Positioning in growing markets

Solstis

Launch of Swiss-wide PV offering

Wunsiedel battery storage facility

100 MW; start of final installation for commissioning in spring 2025

Albula Tunnel II Inauguration June 2024

EDGE ElbSide and Roots

Opening of sustainable office and residential buildings in Hamburg

Presentation of the 2024 half-year report

08/21/2024

10

ESG: Strengthening the sustainability strategy

Environment

− Net zero energy business: additional investments in renewables

− Fleet electrification by 2030

Social

− Start of supplier on-boarding

Governance

− Integration of sustainability into the remuneration system

− Implementation of double materiality analysis