E.on Se · XETR:EOAN
E.on — Investor Presentation (September 2020)
79 slides from E.on's investor presentation, Sep 29, 2020
Slide 1: Facts & Figures
Facts & Figures as of September 2020 Edition 2020
Slide 2: Content
Content 1 E.ON Group 2-8 2 Energy Networks 9 - 45 3 Customer Solutions 46 - 61 4 Non-Core 62 - 73 5 Financials 74 - 78 2
Slide 3: E.ON at a glance
E.ON at a glance Core EBIT1 20192 Group EBIT1,2 Our divisions € bn 4.1 Energy Networks Customer Customer Solutions Solutions Adj. Net Income1,2 € bn 1.6 €3.6bn €0.5bn 1. Adjusted for non operating effects. 2. Pro forma. 3
Slide 4: E.ON is divided into two main businesses
E.ON is divided into two main businesses1 Corporate Energy Networks Customer Solutions Non-Core Functions Germany Benelux4 PreussenElektra Sweden Germany Turkey Generation6 CEE2 & Turkey3 UK Other5 Core businesses Non-core business 1. Segmentation from 2020 onwards. 2. Central and Eastern Europe, in
Slide 5: E.ON's two core businesses
E.ON’s two core businesses Energy Networks Customer Solutions ~€33bn Regulated Asset Base1 ~51m4 customers across Europe Germany €21.9bn Germany 13.8m Sweden €3.8bn UK 9.6m CEE² & Turkey3 €7.6bn Other EU 16.9m5 ~74 GW Renewables capacity connected ~30% of adj. EBIT6 from decentral to E.ON networks e
Slide 6: E.ON's Board of Management
E.ON’s Board of Management Dr. Johannes Teyssen Dr. Marc Spieker Dr.-Ing. Leonhard Birnbaum Dr. Thomas König Dr. Karsten Wildberger Chief Executive Officer Chief Financial Officer Chief Operating Officer Chief Operating Officer – Chief Operating Officer – • Finance Integration Networks Commercial •
Slide 7: E.ON Supervisory Board Shareholder representatives
E.ON Supervisory Board Shareholder representatives Klaus Fröhlich Dr. Rolf Martin Schmitz Born 1960, German Born 1957, German Member since 2018 Member since 2019 Expert in brand and product strategies and Extensive management and strategy digitization; particular focus on e-mobility expertise paired
Slide 8: E.ON Supervisory Board Employee representatives
E.ON Supervisory Board Employee representatives Eugen Gheorghe Luha Christoph Schmitz Born 1957, Romanian Born 1965, German Member since 2012 Member since 2020 Profound expertise in the gas business Expert in press and public relations Szilvia Pinczésné Márton Fred Schulz Born 1969, Hungarian Born 1
Slide 9: Content
Content 1 E.ON Group 92--47 8 2 Energy Networks 9 - 45 • Germany 16 - 23 • Sweden 24 - 26 • CEE & Turkey 27 - 45 3 Customer Solutions 46 - 61 4 Non-Core 62 - 73 5 Financials 74 - 78 9
Slide 10: Energy Networks at a glance
Energy Networks at a glance What we do Within Energy Networks we provide the infrastructure for the new energy world. We manage our grids from high to low voltage in a smart way, to promote a growing connection of renewable capacity. Power and gas distribution is predominantly a regulated busine
Slide 11: Energy Networks — Geographies
Energy Networks — Geographies Regulated Asset Base (RAB) € bn Total RAB 33.2 1 Sweden Germany CEE2 &Turkey3 3.8 21.9 7.6 Power RAB Gas RAB 1. Differences may occur due to rounding. 11 2. Central Eastern Europe including: Czech Republic, Hungary, Poland, Romania, Slovakia. 3. 100% view for Slovakia a
Slide 12: Energy Networks — Overview
Energy Networks — Overview Regulated Asset Base 20191 Grid length (‘000 km)2 Sweden Germany ∑ Grid length: 1,409 €3.8bn €21.9bn ∑ Grid length: 149 705 566 ~€33.2bn2 46 CEE & 103 138 Turkey Germany Sweden CEE & Turkey €7.6bn EBIT3 20194 Market share5 (%) ~87% of Sweden group €0.5bn core 38 ~€3.6bn2 2
Slide 13: Energy Networks — Financial overview
Energy Networks — Financial overview 20191 €m Germany Sweden CEE/Turkey2 Total 3 Adjusted EBITDA 3,717 692 950 5,359 3 Adjusted EBIT 2,438 539 605 3,582 Investments (cash-effective) 2,254 313 582 3,149 4 Regulatory D&A 1,028 268 689 1,985 1. Pro forma. 2. Turkey and Slovakia included as an at-equity
Slide 14: Energy Networks — Earnings components
Energy Networks — Earnings components 1 Germany Sweden 2 2019 CEE Total EBITDA (€ bn) 3.7 0.7 0.8 Components of total EBITDA ( %) Grid business 77 99 97 thereof regulatory depreciation 28 39 52 Other incl. additional business 15 1 3 Income from participations 8 0 0 Germany Sweden 2 20191 CEE Total E
Slide 15: Energy Networks — Upcoming regulatory periods
Energy Networks — Upcoming regulatory periods Sweden 2020 - 2023 Hungary 2021 - 2024 Poland 2021 - 2025 Turkey 2021 - 2025 Czech Republic 2021 - 20251 Slovakia 2022 – 20261 Power Romania 2024- 2028 Germany 2024 - 2028 2020 2021 2022 2023 2024 2025 2026 2027 2028 Hungary 2021 - 2024 Czech Republic 20
Slide 16: Content
Content 1 E.ON Group 92--47 8 2 Energy Networks 9 - 45 • Germany 16 - 23 • Sweden 24 - 26 • CEE & Turkey 27 - 45 3 Customer Solutions 46 - 61 4 Non-Core 62 - 73 5 Financials 74 - 78 16
Slide 17: Germany — Business overview
Energy Networks Germany — Business overview Germany 2018 2019 2018 2019 Grid length Grid conduct Power ('000km)1 697 705 Wheeling volumes power (TWh)2 245 238 Market share (%) 38 38 Wheeling volumes gas (TWh) 172 173 1 3 Gas ('000km) 102 103 RAB power & gas (€ bn) 21.3 21.9 Market share (%) 20 20 Ma
Slide 18: Germany — Concessions business
Energy Networks Germany — Concessions business Good track record in the past Existing concessions • The German networks business holds more than 9,000 concessions Non-concession- Concession- • The German networks business is based on long-term concessions based RAB1 based RAB granted by municipaliti
Slide 19: Germany — Regulatory environment power & gas
Energy Networks Germany — Regulatory environment power & gas Process steps of regulatory system1 Basics Method: Revenue cap (incentive regulation) Regulatory period: 5 years - power: 3rd reg. period: 2019-2023, gas: 3rd regulatory period: 2018-2022 Cost audit + every 5 years Cost audit and ben
Slide 20: Germany — Regulatory schedule
Energy Networks Germany — Regulatory schedule Power distribution1 - illustration Commentary 2nd regulatory period 3rd regulatory period Allowed capital costs increase due Reduction of allowed regulatory interest rates in 3rd period to higher investments above 3rd regulatory period: depreciation • Op
Slide 21: Germany — Building blocks of allowed revenues
Germany — Building blocks of allowed revenues Schematic illustration for 2019 (power & gas) ~€21.2bn Gas1 (New) ~€1.1bn Gas ~€3.4bn (Old) Totex indexed to thereof CPI and subject to ~ €4.0bn power general and individual Power ~€10.2bn efficieny targets ~ €0.7bn gas ~€9.5bn (New) thereof ~€4.7bn ~ €8
Slide 22: Germany — Determination of regulatory returns
Energy Networks Germany — Determination of regulatory returns Regulatory returns in German power networks 2nd regulatory period 3rd regulatory period4 1 1 1 1 Equity return New assets Old assets Total New assets Old assets Total Asset share 32% 68% 100% 53% 47% 100% Base rate 3.80% 2.24% 2.49% 1.04%
Slide 23: Germany — Results from participations 2019
Energy Networks Germany — Results from participations 2019 Company Contribution to E.ON result 20191 (€m) Energy Networks At equity consolidation 219 RheinEnergie AG 34 Dortmunder Energie- und Wasserversorgung GmbH 15 Städtische Werke Magdeburg GmbH & Co. KG 12 GASAG AG 11 Rhein-Main-Donau GmbH 10 R
Slide 24: Content
Content 1 E.ON Group 92--47 8 2 Energy Networks 9 - 45 • Germany 16 - 23 • Sweden 24 - 26 • CEE & Turkey 27 - 45 3 Customer Solutions 46 - 61 4 Non-Core 62 - 73 5 Financials 74 - 78 24
Slide 25: Sweden — Business overview
Energy Networks Sweden — Business overview Sweden1 2018 2019 2018 2019 Grid length Grid conduct Power ('000km) 138 138 Wheeling volumes power (TWh) 37 36 Market share (%) 25 25 Wheeling volumes gas (TWh) - - Gas ('000km) - - RAB power & gas (€bn) 2 3.7 3.8 Market share (%) - - Major shareholdings E.
Slide 26: Sweden — Regulatory environment power
Energy Networks Sweden — Regulatory environment power Overview Key Cost factors Basics • Regulatory return (WACC) on RAB (pre-tax, real): 2.16%3 • Method: Revenue cap • RAB set once a period by the regulator based on standard prices applied to • Regulatory period: 2020-2023 recognized historic asset
Slide 27: Content
Content 1 E.ON Group 92--47 8 2 Energy Networks 9 - 45 • Germany 16 - 23 • Sweden 24 - 26 • CEE & Turkey 27 - 45 3 Customer Solutions 46 - 61 4 Non-Core 62 - 73 5 Financials 74 - 78 27
Slide 28: Czech Republic — Business overview
Energy Networks Czech Republic — Business overview 1 Czech Republic 2018 2019 2018 2019 Grid length Grid conduct Power ('000km) 66 66 Wheeling volumes power (TWh) 14 14 Market share (%) 28 28 Wheeling volumes gas (TWh) 3 3 2 Gas ('000km) 5 5 RAB power and gas (€ bn) 1.7 1.8 Market share (%) 6 6 Majo
Slide 29: Czech Republic — Regulatory environment power
Energy Networks Czech Republic — Regulatory environment power Overview Key cost factors Basics Capex • Method: Revenue cap • Regulatory return (WACC) on RAB (pre-tax, nominal): 7.95% • Regulatory period: 2016-2020 • Depreciation period for power lines is 40 years • Next regulatory period1: 2021-2025
Slide 30: Czech Republic — Regulatory environment gas
Energy Networks Czech Republic — Regulatory environment gas Overview Key cost factors Basics Capex • Method: Revenue cap • Regulatory return (WACC) on RAB (pre-tax, nominal): 7.94% • Regulatory period: 2016-2020 • Depreciation period for gas pipes is 40 years • Next regulatory period1 : 2021-2025 •
Slide 31: Hungary — Business overview
Energy Networks Hungary — Business overview 1 Hungary 2018 2019 2018 2019 Grid length Grid conduct Power ('000km) 129 130 Wheeling volumes power (TWh) 36 36 Market share (%) 79 79 Wheeling volumes gas (TWh) 15 15 2 Gas ('000km) 18 18 RAB power and gas (€ bn) 2.5 2.5 Market share (%) 23 23 Major shar
Slide 32: Hungary — Restructuring overview
Energy Networks Hungary — Restructuring overview Before Transaction After Transaction DSO ÉMÁSZ ELMŰ E.ON ETI DSO & USP1 E.ON innogy MVM Group USP 32 1. Universal Service Provider.
Slide 33: Hungary — Regulatory environment power
Energy Networks Hungary — Regulatory environment power Overview Key cost factors Basics Capex • Method: Price cap1 • Regulatory return (WACC) on RAB (pre-tax, real): 4.69% • Regulatory period: 2017-2020 • Annual adjustments of RAB for inflation and depreciation • Next regulatory period: 2021-2024 •
Slide 34: Hungary — Regulatory environment gas
Energy Networks Hungary — Regulatory environment gas Overview Key cost factors Basics Capex • Method: Price cap • Regulatory return (WACC) on RAB (pre-tax, real): 4.62% • Regulatory period: 2017-20201 • Annual adjustments of RAB for inflation and depreciation • Next regulatory period: 2021-20241 • D
Slide 35: Poland — Business overview
Energy Networks Poland — Business overview 1 Poland 2018 2019 2018 2019 Grid length Grid conduct Power ('000km) 17 18 Wheeling volumes power (TWh) 8 8 Market share (%) 2 2 Wheeling volumes gas (TWh) - - 2 Gas ('000km) - - RAB power and gas (€ bn) 0.7 0.7 Market share (%) - - Major shareholdings inno
Slide 36: Poland — Regulatory environment power
Energy Networks Poland — Regulatory environment power Overview Key cost factors Basics Capex • Method: Price cap • Risk free rate and WACC set yearly (pre-tax, nominal ): 6.015% for 2019 • Regulatory period: 2016-2020 • Annual adjustment of RAB for inflation and depreciation and investments • Next r
Slide 37: Romania — Business overview
Energy Networks Romania — Business overview 1 Romania 2018 2019 2018 2019 Grid length Grid conduct Power ('000km) 81 82 Wheeling volumes power (TWh) 6 6 Market share (%) 17 17 Wheeling volumes gas (TWh) 27 26 Gas ('000km) 22 23 RAB power and gas (€ bn) 2 0.8 0.8 Market share (%) 44 45 Major sharehol
Slide 38: Romania — Regulatory environment power
Energy Networks Romania — Regulatory environment power Overview Key cost factors Basics Capex • Method: Price cap tariffs basket with actual volume acceptance (1 year • Regulatory return (WACC) on RAB (pre-tax, real): 6.9%4 time lag)1 • Adjustments of RAB for inflation (CPI), depreciation and planne
Slide 39: Romania — Regulatory environment gas
Energy Networks Romania — Regulatory environment gas Overview Key cost factors Basics Capex • Method: Revenue cap1 • Regulatory return (WACC) on RAB (pre-tax, real): 6.9%5 • Regulatory period: 2019-20232 • Adjustments of RAB for inflation (CPI), depreciation and planned • Next regulatory period: 202
Slide 40: Slovakia — Business overview
Energy Networks Slovakia — Business overview 1 Slovakia 2018 2019 2018 2019 Grid length Grid conduct Power ('000km) 38 39 Wheeling volumes power (TWh) 10 10 Market share (%) 49 49 Wheeling volumes gas (TWh) - - Gas ('000km) - - RAB power and gas (€ bn) 0.6 0.6 Market share (%) - - Major shareholding
Slide 41: Slovakia — Regulatory environment power
Energy Networks Slovakia — Regulatory environment power Overview Key cost factors Basics Capex • Method: Price cap • Regulatory return (WACC pretax, nominal) on RAB: set annually; 6.04% • Regulatory period: 2017-2021 for 2019 • Next regulatory period1: 2022-2026 • RAB: Depreciated asset base based o
Slide 42: Turkey — Overview
Energy Networks Turkey — Overview Enerjisa Enerji (networks & retail): Free float #1 Distribution network operator by grid length #1 Energy supplier by customer number 40% 40% 20% Istanbul 232,000 km 9.9m retail 2.3 Ankara networks customers Adana Network presence 42
Slide 43: Turkey — Financial overview
Energy Networks Turkey — Financial overview Enerjisa Enerji (networks & retail) 1 2018 2019 Revenues (TRL m) 18,347 19,453 2 EBITDA + capex reimbursement (TRL m) 4,864 4,427 Net Income (TRL m) 748 1,034 E.ON share of 50% in Jan 18 & 40% since Feb 18 (€ m) 3 57 64 Acquisition related depreciation cha
Slide 44: Turkey — Networks and Retail
Energy Networks Turkey — Networks and Retail Networks 2018 2019 Retail 2018 2019 Power grid length ('000km) 1 227 232 Power sales (TWh) 41.1 36.1 Market share (%) 1 20 20 Market share (%) 1 17 15 Wheeling Power (TWh) 46 46 # of customers 9.6 9.9 RAB (€ bn)2 1.1 1.3 Market share (%) 1 23 22 RAB (TRL
Slide 45: Turkey — Regulatory environment networks & retail
Energy Networks Turkey — Regulatory environment networks & retail Networks Regulatory incentive framework Regulatory - WACC (Pre-tax real, local currency) 3rd regulatory period: 2016-2020 Opex outperformance Return on RAB (RAB 2019: TRL 8.4bn) Theft & loss allowance outperformance 13.6% Reta
Slide 46: Content
Content 1 E.ON Group 2-8 2 Energy Networks 9 - 45 3 Customer Solutions 46 - 61 4 Non-Core 62 - 73 5 Financials 74 - 78 46
Slide 47: Customer Solutions — Business overview
Customer Solutions — Business overview What we do Customer Solutions includes energy sales, energy infrastructure and solutions for industrial customers and cities, as well as growth businesses such as Future Energy Home and e-Mobility The product offering ranges from power and gas sales to dist
Slide 48: Customer Solutions — at a glance
Customer Solutions — at a glance Leveraging customer solutions beyond energy sales E.ON’s market position in Energy retail2 Energy Retail: • 51m1 customers in 15 countries Top 3 • Market leading position with 4x Top 1 and 6x Top 3 positions Top 2 Top 1 Top 3 Top 1 • Decentral Energy Infrastructure3
Slide 49: Customer Solutions — Financial overview
Customer Solutions — Financial overview tbd 1 2019 € bn Germany UK Benelux Other3,4 Total 2 Adjusted EBITDA 646 -10 192 296 1,124 Adjusted EBIT2 484 -180 125 97 526 Investments (cash-effective) 226 211 90 481 1,008 1. Pro forma. 2. Adjusted for non operating effects. 3. Other including Sweden, Roman
Slide 50: Customer Solutions — Financial overview
Customer Solutions — Financial overview Adjusted EBIT1 2019² by customer segment Adjusted EBIT1 2019² by country € bn € bn 5% 0.5 ~30% Other 0.1 Benelux 0.1 0.5 ~70% Germany 0.5 Energy retail3 UK -0.2 Decentral energy infrastructure 1. Adjusted for non operating earnings; slight differences may occu
Slide 51: Energy retail — Germany & UK
Energy retail — Germany & UK Germany 2018 2019 UK 2018 2019 Power sales (TWh) 1 218.8 213.1 Power sales (TWh) 1 70.8 75.7 # of E.ON customers - power (m) 11.7 11.9 # of E.ON customers - power (m) 6.5 5.9 2 2 # of customers total market - power (m) 46.1 46.1 # of customers total market - power (m) 29
Slide 52: Energy retail — Benelux & Italy
Energy retail — Benelux & Italy 1 Benelux 2018 2019 Italy 2018 2019 Power sales (TWh) 14.4 19.4 Power sales (TWh) 8.3 9.9 # of E.ON customers - power (m) 2.3 2.3 # of E.ON customers - power (m) 0.3 0.4 # of customers total market - power (m) 9.3 9.3 # of customers total market - power (m) 15.3 17.0
Slide 53: Energy retail — Sweden & Poland
Energy retail — Sweden & Poland Sweden 2018 2019 Poland 2018 2019 Power sales (TWh) 15.8 13.3 Power sales (TWh) 5.4 5.6 # of E.ON customers - power (m) 0.8 0.8 1 # of E.ON customers - power (m) 1.0 1.0 1 # of customers total market - power (m) 5.4 5.4 # of customers total market - power (m) 2 17.6 1
Slide 54: Energy retail — Czech Republic & Hungary
Energy retail — Czech Republic & Hungary 1 Czech Republic 2018 2019 Hungary 2018 2019 Power sales (TWh) 14.0 16.4 Power sales (TWh) 26.8 26.5 1 2 # of E.ON customers - power (m) 1.0 1.0 # of E.ON customers - power (m) 4.7 4.7 2 3 # of customers total market - power (m) 6.0 6.0 # of customers total m
Slide 55: Energy retail — Romania & Slovakia
Energy retail — Romania & Slovakia Romania 2018 2019 Slovakia 2018 2019 Power sales (TWh) 5.6 5.5 Power sales (TWh) 6.0 6.0 1 1 # of E.ON customers - power (m) 1.4 1.4 # of E.ON customers - power (m) 0.9 0.9 2 2 # of customers total market - power (m) 9.0 9.1 # of customers total market - power (m)
Slide 56: Energy retail — Croatia & Slovenia
Energy retail — Croatia & Slovenia 1 1 Croatia 2018 2019 Slovenia 2018 2019 Power sales (TWh) 0.9 1.1 Power sales (TWh) 0.2 0.2 # of E.ON customers - power (m) 0.2 0.2 # of E.ON customers - power (m) 0.03 0.04 # of customers total market - power (m) 2.0 2.0 # of customers total market - power (m) 5.
Slide 57: Decentral Energy Infrastructure — City Energy Solutions
Decentral Energy Infrastructure — City Energy Solutions • Large-scale city heating & cooling solutions (e.g. in • Typical duration 20-40 years Malmö, Stockholm, Hamburg) • Typical TCV1 €0.1–1.0bn City Supply • Growth opportunities through new connections to established district heating networks and
Slide 58: Decentral Energy Infrastructure — B2B Solutions
Decentral Energy Infrastructure — B2B Solutions Onsite Generation and Supply • Offering of solutions for generating Power, Heat (LTHW, steam) and Cooling under different Energy commercial models like PPA, leasing or DB(O) Generation • Typical underlying technologies: CHP, boilers, Organic Rankine Ci
Slide 59: New Growth Businesses — Future Energy Home
New Growth Businesses — Future Energy Home Market leading position in residential PV in Europe Over 30.000 new residential solar systems sold in 2019 PV & Storage Growth above market across countries Increased installation capacities through acquisitions E.ON SolarCloud user base significa
Slide 60: New Growth Businesses — E.ON e-Mobility
New Growth Businesses — E.ON e-Mobility Business with strong growth above market level despite the early market stage Lighthouse project with BMW in Germany to install and operate >4k charging points, offer green power and charging solutions at home, e-Mobility working sites of BMW and on the ro
Slide 61: Decentral Energy Infrastructure in figures
Decentral Energy Infrastructure in figures Heat networks as part of City Energy Solutions 2018 2019 B2B Solutions 2018 2019 1 Germany On-site Generation (incl. industrial generation) (MW) 1,318 1,258 2 Heat sales (TWh)1 3.2 6.6 Thereof Germany 701 594 Market share (%) 2 5 8 Thereof UK 474 488 # of c
Slide 62: Content
Content 1 E.ON Group 2-8 2 Energy Networks 9 - 45 3 Customer Solutions 46 - 61 4 Non-Core 62 - 73 • PreussenElektra 63 - 68 • Turkey Generation 69 - 73 5 Financials 74 - 78 62
Slide 63: Content
Content 1 E.ON Group 2-8 2 Energy Networks 9 - 45 3 Customer Solutions 46 - 61 4 Non-Core 62 - 73 • PreussenElektra 63 - 68 • Turkey Generation 69 - 73 5 Financials 74 - 78 63
Slide 64: PreussenElektra — Business Overview
PreussenElektra — Business Overview What we do: Active and operated by PreussenElektra Shut down PreussenElektra covers our nuclear generation activities in Decommissioning Brunsbüttel Germany Headquarters PreussenElektra Stade Brokdorf The German nuclear exit, which was decided in 2011, will Un
Slide 65: PreussenElektra — Decommissioning (Process overview)
PreussenElektra — Decommissioning (Process overview) Decommissioning of a nuclear power plant1 Shut down phases 30-40 years 1-3 years 4 years 10-15 years 2 years Service operation and dismantling Post operation and Service operation and dismantling Power production (Fuel on site) Site cleaning and d
Slide 66: PreussenElektra — Financial Highlights
PreussenElektra — Financial Highlights Financials Nuclear power sales (TWh) 2018 2019 Owned generation (accounting view) 31.2 30.1 €m 2018 2019 Purchases 8.1 2.5 Revenues 1,370 1,174 thereof jointly owned power plants (E.ON has minority interest) 1.4 0.9 1 Adjusted EBITDA 556 543 thereof third parti
Slide 67: PreussenElektra — Decommissioning (site overview)
PreussenElektra — Decommissioning (site overview) German nuclear power plants shut down Capacity E.ON share Shut down Start of Current Progress of MW % year decommissioning phase decommissioning E.ON as operator Würgassen 670 100 1995 1997 Decommissioning Stade 640 67 2003 2005 Decommissioning Isar
Slide 68: PreussenElektra — Decommissioning (provisions mechanics)
PreussenElektra — Decommissioning (provisions mechanics) Schematic illustration of provision building at E.ON1 Provision utilization for German nuclear €m 351 308 Real discount rate: -2.0% t0 t0 t+1 t+2 t+n 2018 2019 Costs for decommissioning Decommissioning provisions Accretion2 Current cost approa
Slide 69: Content
Content 1 E.ON Group 2-8 2 Energy Networks 9 - 45 3 Customer Solutions 46 - 61 4 Non-Core 62 - 73 • PreussenElektra 63 - 68 • Turkey Generation 69 - 73 5 Financials 74 - 78 69
Slide 70: Generation Turkey — Financial overview
Generation Turkey — Financial overview Enerjisa Üretim (Generation & Trading) 50% 50% Enerjisa Üretim (generation & trading) 1 2018 2019 Revenues (TRL m) 5,253 6,559 EBITDA (TRL m) 2 1,386 2,404 Net Income (TRL m) 17 1,172 E.ON share of 50% (€ m) 3 1 93 Acquisition related depreciation charges (run
Slide 71: Generation Turkey — Asset overview (1)
Generation Turkey — Asset overview (1) Assets Enerjisa Üretim1 Generation Production Start-up Remuneration per Power plant Type Revenue stream capacity (MW) (GWh) year MWh In operation Market prices; Bandırma-I Gas 936 2,512 2010 capacity mechanism2 Market prices; Bandırma-II Gas 607 2,441 2016 capa
Slide 72: Generation Turkey — Asset overview (2)
Generation Turkey — Asset overview (2) 1 Assets Enerjisa Üretim Generation Production Start-up Remuneration Power plant Type Revenue stream capacity (MW) (GWh) year USD/MWh Çambaşı Hydro 44 127 2013 FIT $73 Kavşakbendi Hydro 191 785 2014 FIT $73 Arkun Hydro 245 628 2014 FIT $73 Yamanlı II Hydro 82 3
Slide 73: Generation Turkey — Regulatory Environment
Generation Turkey — Regulatory Environment Renewables (Feed in Tariff) USD denominated (USD/MWh) Incentive framework • Stable cash flows from USD-denominated feed-in tariffs (for 10 years) 133 73 73 • Annual flexibility to opt for either feed in tariffs or market prices • Higher feed in tariff if fo
Slide 74: Content
Content 1 E.ON Group 2-8 2 Energy Networks 9 - 45 3 Customer Solutions 46 - 61 4 Non-Core 62 - 73 5 Financials 74 - 78 74
Slide 75: Relevant at-equity participations of E.ON
Relevant at-equity participations of E.ON 1 At equity contribution E.ON share Company Description to E.ON proforma result % 2019 (€ m) Energy Networks Germany RheinEnergie AG Municipal utility (power, gas, heat, water) in the city of Cologne 20.0 34.2 Dortmunder Energie- und Wasserversorgung GmbH Mu
Slide 76: Appendix
Appendix Facts and Figures 2020
Slide 77: E.ON's Financials — 2019
E.ON’s Financials — 2019 Pro Forma 2019 77
Slide 78: Glossary & List of Abbreviations
Glossary & List of Abbreviations AI Artificial Intelligence IT Information Technology TRL Turkish Lira ARO Asset Retirement Obligation JV Joint Venture TSO Transmission System Operator B2B Business to Business km Kilometer TWh Terawatt hours B2C Business to Consumer LTHW Low Temperature Hot Water Bo
Slide 79: 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