Analysts' Presentation (Analystenpraesentation GJ 2025 engl)

Acting Today for Tomorrow

Analysts' Conference 2025 Financial year

Frankfurt am Main, 11 December 2025

We inspire

with energy.

Stable underlying conditions in uncertain times

MVV Energie AG

3 MVV Energie AG 11.12.2025 Investor Relations Acting Today for Tomorrow

From the energy policy triangle…

Affordability

Energy policy triangle

Climate protection Supply reliability

…to the energy policy square

Energy policy square

Affordability

Climate protection

Acceptance

Supply reliability

Financial key figures

MVV Energie AG

2025 Financial year

Customer Solutions reporting segment

2025 Financial year

Adjusted sales - 20 %

Euro million

Adjusted EBIT - 55 %

Euro million

5,908

4,711

117

53

FY 2024 FY 2025

FY 2024 FY 2025

New Energies reporting segment

2025 Financial year

Adjusted EBIT - 50 %

Euro million

Investments - 19 %

Euro million

165

204

161

80

FY 2024 FY 2025 FY 2024 FY 2025

Generation and Infrastructure reporting segment

2025 Financial year

Adjusted EBIT + 53 %

Euro million

Investments + 48 %

Euro million

140

214

FY 2024 FY 2025

244

165

FY 2024 FY 2025

Other Activities reporting segment

2025 Financial year

Adjusted EBIT + 63 %

Euro million

Investments + 95 %

Euro million

8 8

FY 2024 FY 2025

43

22

FY 2024 FY 2025

Adjusted EBIT 1

year-on year

Euro million

880

426

360

175

FY 2015

213

224

228

225

233

278

353

1 Excluding non-operating measurement items for derivatives, excluding structural adjustment for part-time early retirement, excluding restructuring result and including interest income from finance leases

Adjusted annual net income after minority interests

2025 Financial year

Annual net income after minority interest - key figures adjusted

Euro million (previous year)

Earnings per share (Euro): 2.60 (3.53)

360 (426)

(- 24)

331 (402)

(- 120)

233 (281)

(- 49)

171 (233)

Figures have been rounded up or down to the nearest million-euro amounts. Discrepancies may therefore arise between the aggregate sums of individual items and the totals stated

after minority interests

Cash flow from operating activities

2025 Financial year

Development of cash flow

Euro million (previous year)

265 (358)

462 (498)

Annual net income before taxes on income

Cash flow before working capital and taxes Cash flow from operating activities

633 (672)

Financing

2025 Financial year

Net financial debt Adjusted equity-ratio

Euro million %

39.7 42.5

2,526 2,633

926

1,139

30.9.2024 30.9.2025

30.9.2024 30.9.2025

Adjusted equity (Euro million)

Significant investments in future energy supply 417

Euro million

FY 2024

+ 20 %

501

Euro million

+ 21 %

344

Euro million

FY 2023

FY 2025

Higher regular dividend

2025 Financial year

Regular dividend Euro 1.30 Euro (previous year: Euro 1.25 per share)

3.3 % 3.6 % 3.7 % (4.7 %) 1

4.0 % 4.3 %

86

69

69

76 (96) 1

19%) 1

39 %

46 %

15 %

35 % (

50 %

82

Dividend yield

Dividend total (Euro million)

Payout ratio

FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 2, 3

1. Including one-off dividend in 2024 FY of Euro 0.30 Euro per share

2. Subject to approval by Annual General Meeting on March 13, 2026

3. Payout ratio based on the adjusted annual net income after minority according to IFRS

Non-financial key figures

2025 Financial year

6,811

Number of employees at 30 September (headcount)

2.3

Accident frequency rate (LTIF) (number of accidents per 1,000,000 hours of work)

763 MWe

Electricity generation capacity

fromrenewable energies 1

43 %

Renewable energies as share of proprietary electricity generation 1

832 MWt

Green heat generation capacity 1

45 %

Green heat as share of proprietary heat generation 1

792MWe

Completed development of new renewable energies plants

4,129MWe

Operations management for renewable energies plants

1 Fully consolidated and at-equity companies

Forecast for 2026 financial year

Operating adjusted EBIT and investments

Operating adjusted EBIT

Euro million

Investments

Euro million

Significantly higher than in previous year

501

360

200 - 240

FY 20251

1 Excluding disposal gains

FY 2026e

FY 2025 FY 2026e

… depending in particular on: weather and wind conditions, wholesale prices on energy markets, waste and biomass prices, procurement costs for fuel and CO2emission rights, plant availability, development in the market climate and competition, volatility in renewable energies project development business, the further development in conditions on the energy markets, as well as on there being no geopolitical situation which restricts the availability of commodities or compromises supply chains and no other crisis scenario.

#climapositive with our Mannheim model

Heat transition

Electricity transition

Mannheim model

Customer solutions

MVV Energie AG

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Heat transition

Setting worldwide standards

Heat transition

MVV Energie AG

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Electricity transition

Electricity transition Fresh wind for renewable energies

MVV Energie AG

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Customer solutions

Customer solutions Innovation partner for the energy transition

MVV Energie AG

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VMiealneyntDhanks! !

Contact:

Daniela Rink

Team Leader Reporting and Investor Relations

T +49 621 290 37 08

ir@mvv.de https://www.mvv.de/investoren