E.on Se · XETR:EOAN
E.on — Non-Deal Roadshow (March 2019)
78 slides from E.on's roadshow presentation, Mar 13, 2019
Slide 1: Creating the future of energy
Growth Focus Discipline Creating the future of energy http://www.energyfortomorrow.eu/ March 2019
Slide 2: Creating the future of energy
Creating the future of energy EBIT (€ bn) • Focus: Europe’s first energy player with exclusive downstream focus ~51 • Unique downstream footprint: RAB and customer numbers rise >60%1 Enel2 Iberdrola Engie2 Future Nat. Grid2 • Earnings quality: network EBIT share rises to ~80%1 E.ON • Strong
Slide 3: Creating two focused energy companies
Creating two focused energy companies Structure today ~77% E.ON innogy RWE Target structure Future E.ON 16.67% RWE 3
Slide 4: Acquisition of innogy via innovative asset exchange
Acquisition of innogy via innovative asset exchange innogy Total equity value: ~€22bn Asset exchange (limited cash impact) 16.67% Stake in Future E.ON (~€3.7bn) 1. Acquisition of RWE‘s 76.8% stake in innogy via asset exchange 2. RWE to get in exchange: E.ON & innogy Renewables • 16.67% in new E.ON v
Slide 5: Transacting from a position of strength
Transacting from a position of strength E.ON today E.ON today (’18) Future E.ON (’18) Group EBITDA EBIT €3.0bn1 Top end of guidance €5bn1 ~€8bn2 ANI €1.5bn1 Top end of guidance (+5% YoY) END €16.6bn1 Leverage target of 3.4x achieved Energy Networks ~€20bn ~€34bn RAB1, 4 RAB2, 4 Committed to
Slide 6: Unique downstream position across Europe
Unique downstream position across Europe Energy Networks (RAB) Sweden1 UK Customer Solutions (number of customers) ~€4bn ~1m - ~11m1,2 NL/BE CEE3 - ~4m2 ~€9bn4 ~14m Germany3 Turkey1 ~€20bn ~14m ~€1bn ~10m 1. E.ON 2018 reported, 2. innogy 9M 2018 reported, 3. Future E.ON pro- forma 2018 (innogy data
Slide 7: Focus, scale and efficiency pre-requisite for success
Focus, scale and efficiency pre-requisite for success Mega trends accelerate and reinforce each other Empowered • Future E.ON’s unique downstream positioning fully customers captures benefits of energy mega trends Focus, scale and efficiency needed Digitization in New Energy World New culture & Elec
Slide 8: Acceleration of strategy execution
Acceleration of strategy execution Unique strategic position • Focus on regulated Position of strength networks and infrastructure-like & pace- setting customer solutions • Portfolio simplification • Enhanced earnings quality: Transition year • Strong financial & operational delivery ~80% of EBIT1
Slide 9: Value creation for shareholders
Value creation for shareholders Realization of valuation premium Potential for 12 premium 11 Renewables innogy acquisition at ~10x valuation 1011x EV/EBITDA EV/EBITDA 9 8 Instant Platform Shareholder 7 redeployment of for high value capital net synergies 6 creation (€600-800m) 5 4 3 Renewables1 1. E
Slide 10: Integration of innogy provides for strong synergy potential
Integration of innogy provides for strong synergy potential Estimated net synergies (€ m)2 Synergy focus1, 2 Corporate Functions & IT €600-800m Energy Sales & Customer Solutions ~100% Energy Networks ~55% ~25% ~5% •Strong synergy potential of €600-800m •~5,000 FTEs affected (~7% of employee base) 20
Slide 11: Attractive earnings & dividend profile secured long-term
Attractive earnings & dividend profile secured long-term EBIT development3 Synergies to over-compensate Share of regulated network earnings (EBIT) 6 fading nuclear earnings E.ON today Future E.ON 5 4 ~62%1 3 ~80%2 2 1 0 2018 2019 2020 2021 2022 Regulated Non-regulated E.ON stand-alone Enlarged E.ON
Slide 12: Pro forma Economic Net Debt 2018
Pro forma Economic Net Debt 2018 E.ON today1 (€ bn) Future E.ON2, 3 (€ bn) Includes: • Acquisition of 23.2% minority shares ~34 • €1.5bn cash payment from RWE Includes successful monetization of Uniper shares ~€2.8bn debt Further deleveraging measures ~16.6 transferred to RWE to be realized in ‘19 (
Slide 13: Adoption of IFRS 16: Impact on E.ON financials & KPIs
Adoption of IFRS 16: Impact on E.ON financials & KPIs Changes for the lessee (illustrative) IFRS 16 in short Balance Sheet Profit & Loss • Objective: Ensuring that lessees and lessors provide relevant information that faithfully Equity Sales Sales (Equity ratio ) Oper. expenses Oper. expenses repres
Slide 14: Investor agreement with RWE ensures equal treatment of shareholders
Investor agreement with RWE ensures equal treatment of shareholders Preamble • RWE to act purely as financial investor Corporate • Right to nominate one Supervisory Board member Governance Shareholder • Not allowed to increase stake above 16.67% structure and rights • Not allowed to sell to an E.ON
Slide 15: Transaction timeline
Transaction timeline 2018 2019 2020 2021 Voluntary public takeover offer (PTO) ended 25 July 1st Closing • E.ON becomes ≥76.8% shareholder in innogy • RWE becomes 16.67% 2nd Closing • Transfer of E.ON and innogy RES Assets • Transfer of Kelag participation and gas storage assets of innogy sharehol
Slide 16: Schematic merger control proceedings
Schematic merger control proceedings Simplified overview of process steps of EU merger control proceedings (possible (partial) referrals to national authorities not taken into account1) Official filing of transaction with EU Presentation of potential concerns Not before mid-2019 ≈ May 2018 Commissio
Slide 17: Investment highlights
Investment highlights Starting from position of strength: Creating the future of energy Growth Commitment to deliver annual dividend per share growth Focus Unique downstream positioning with ~80% regulated earnings1 Renewables value crystallization and €600-800m synergies Discipline High commitment
Slide 18: FY 2018 Results
Growth Focus Discipline FY 2018 Results E.ON standalone March 13th, 2019
Slide 19: Strong delivery of FY 2018 results
E.ON standalone Strong delivery of FY 2018 results Highlights Key Financials1 €m € bn Top end of 2018 guidance range achieved 3,074 2,989 €2.8- 19.2 Dividend 2018 increases >40% to €0.43/share €3.0bn Preparation of takeover of innogy fully on track 16.6 ! Upgrading network capex to fuel accelerated
Slide 20: Continuous track record of delivery
E.ON standalone Continuous track record of delivery Deleveraging achieved – EBIT1 vs. guidance Adj. Net Income1 vs. guidance Significant reduction of END ~€10bn €3.1bn €3.1bn €3.0bn €1.5bn €26.3bn €1.4bn €2.8- €1.3- €2.8- €1.2- €3.0bn €1.5bn €2.7- €3.1bn €1.45bn €19.2bn €3.1bn €0.9bn €16.6bn €0.6- 5
Slide 21: Dividend continues to grow
E.ON standalone Dividend continues to grow Dividend per share growth 2018 & 2019: Fixed Dividend Commitment to annual DPS growth €0.462,3 €0.431,3 €0.30 €0.21 FY 2016 FY 2017 FY 2018 FY 2019 Future Dividend Dividend Dividend Dividend Dividends 1. Fixed for FY 2018 (paid in 2019) 2. Fixed for FY 2019
Slide 22: Energy Networks – Proven efficiency leadership
E.ON standalone Energy Networks – Proven efficiency leadership Regulatory review in German power networks – Performance culture in practice All four E.ON DSOs with efficiency Individual 50% of E.ON DSOs even receive an score of 100% vs. 94% industry efficiency factor additional efficiency bonus vs.
Slide 23: Upgrading long-term network capex growth
E.ON standalone Upgrading long-term network capex growth Energy networks capex (€ m) 1.9 Additional ~€100m p.a. Cautious planning for long-term capex run-rate 1.8 • Main driver is additional replacement investments 1.7 • Conservative assumptions on Renewables and E-mobility roll-out 1.6 1.4 Discipli
Slide 24: Accelerating power RAB growth
E.ON standalone Accelerating power RAB growth Germany Sweden Czech Republic Power RABRAB 1 +30% Power RAB (€ m) 1 Power RAB (€ m) Power (€ m) 1,2 +15% +25% Targeting upper end of growth range New growth range New New growth range New +25% +20% +10% +25-30% +11% +20-25% New +15% +16% + 8-10% +8% Old
Slide 25: Customer Solutions with profitable customer growth outside UK
E.ON standalone Customer Solutions with profitable customer growth outside UK Customer numbers EBIT Performance programs (upgraded) ~22m ~22m ~€120m impact €479m Cost €413m ~£150m impact UK Impact CS UK Germany +2% +17% Other +1% CS ex UK 2017 2018 2017 2018 2018 2019 2020 >2020 Growing customer bas
Slide 26: Renewables – Performance culture in practice
E.ON standalone Renewables – Performance culture in practice EBIT1 delivery 2018 Project delivery 2018 +15% Rampion €521m Offshore wind (UK) Arkona 400 MW Offshore wind (GER) €454m 385 MW FY 2017 FY 2018 Downsides from very low wind yields and roll-off of support schemes in the US over-compensated:
Slide 27: Takeover of innogy progressing well
E.ON standalone Takeover of innogy progressing well • E.ON filed official notification with EU Commission end of January Antitrust approval • EU Commission initiated Phase II investigations on 8th March process • Approvals for RWE part of transaction already received after Phase I • Fully on track f
Slide 28: On track to successfully conclude strategic transformation journey
E.ON standalone On track to successfully conclude strategic transformation journey E.ON’s guiding principles Unique strategic position Customer-led Digitization Operational Capital excellence discipline • Focus on regulated Position of strength networks and infrastructure-like & pace- setting custom
Slide 29: EBIT development solid despite operational challenges
E.ON standalone EBIT development solid despite operational challenges EBIT1 FY 2018 vs. FY 2017 Key FY Effects €m Energy • Germany: positive one-off effects in Q2 & Q3 FY 2017 3,074 Networks +/– 2018, reversal of regulatory effects, disposal gas network HH, new regulatory period gas Energy -190 +/–
Slide 30: Adj. Net Income up 5% driven by lower interest expenses
E.ON standalone Adj. Net Income up 5% driven by lower interest expenses FY 2018 €m Group EBIT1 2,989 Interest on ~€ 85m improvement yoy mainly due to refinancing fin. assets/ -588 benefits, partly compensated by lower interest income liabilities2 from asset portfolio Other interest -86 expenses Prof
Slide 31: END decreases mainly due to sale of Uniper stake
E.ON standalone END decreases mainly due to sale of Uniper stake END1 FY 2018 vs. FY 2017 € bn +2.7 AROs Pension provisions -10.6 Net financial position Liquidation of pension scheme -10.3 in Q1 2018 results in reduction of pension provisions – limited effect on END Sale of Uniper stake -3.3 -3.6 0.
Slide 32: Capex split 2019 & 2020
E.ON standalone Capex split 2019 & 2020 Capex1 2019 Capex1 2020 Increase in capex drives Growth long-term EBIT growth ~€3.6bn ~€3.7bn 1.1 1.1 0.8 0.8 Capex focused on Energy Networks and Focus infrastructure-like Customer Solutions Strict adherence to capital 1.7 1.8 Discipline return targets (e.g.
Slide 33: Group guidance for FY 2019
E.ON standalone Group guidance for FY 2019 Guidance FY 2019 (€ bn) Guidance FY 2019 (€ bn) Dividend2 2019 (€/share) 2.9 – 3.1 0.46 1.4 – 1.6 Adjusted Net Income1 Proposed dividends2 EBIT1 Actuals FY 2018 (€ bn) Actuals FY 2018 (€ bn) Dividend2 2018 (€/share) 0.43 3.0 1.5 1. Adjusted for non operatin
Slide 34: Segment EBIT guidance FY 2019
E.ON standalone Segment EBIT1 guidance FY 2019 Energy Networks 2018 2019 Customer Solutions 2018 2019 €1.8bn €0.4bn +• Germany: Further increase in RAB, efficiency scores +• Germany & UK: Restructuring charges in 2018 +• Sweden: Power tariff increases (already implemented) –• UK: Regulatory interven
Slide 35: FOCUS – Framework for 2018-2020
E.ON standalone E.ON FOCUS – Framework for 2018-2020 Our basis for steering the company Capital Structure Strong BBB/Baa Return ROCE1 Dividend 8 – 10 % EBIT3 EPS3 Annual Group Group DPS growth + 3-4% (CAGR) + 5-10% (CAGR) Fixed dividend 2019: Cash €0.465 Cash conversion rate2 ≥ 80 % Executive Compen
Slide 36: Appendix
Appendix
Slide 37: E.ON Group
Growth Focus Discipline E.ON Group E.ON standalone
Slide 38: E.ON's guiding principles
E.ON standalone E.ON‘s guiding principles Absolute annual dividend Sustainable & resilient Drive value creation growth EPS growth Operational Capital Customer-led Digitization excellence discipline 38
Slide 39: Highly stable business profile
E.ON standalone Highly stable business profile Business profile FY EBITDA 20181 High share of regulated and long-term contracted earnings (~3/4 of EBITDA) Operations in Energy Networks under stable, well 17% Energy Networks Customer Solutions established frameworks in low risk markets with stron
Slide 40: Investment highlights
E.ON standalone Investment highlights From deleveraging to focused and disciplined growth Deliver sustainable EPS growth and Growth committed to annual dividend per share growth Focus Management team with strong shareholder focus Discipline Strict capital discipline and high-performance culture 40
Slide 41: Energy Networks
Growth Focus Discipline Energy Networks E.ON standalone
Slide 42: Energy Networks
E.ON standalone Energy Networks Energy Networks Regulated asset base 20181 Grid length (‘000 km) 1 Sweden Germany ∑ Grid length: 980 €3.7bn €10.5bn ∑ Grid length: 96 493 350 ~€20.0bn2 51 45 138 0 CEE & Turkey Germany Sweden CEE & Turkey €5.8bn EBIT3 2018 Market share (%) Sweden ~71% of €0.5bn group
Slide 43: Energy Networks Sweden – Carry-over of retroactively allowed revenues legally confirmed
E.ON standalone Energy Networks Sweden – Carry-over of retroactively allowed revenues legally confirmed Illustration 2019 Court revokes regulatory Retroactively prohibition to utilize allowed additional remaining carry-over revenues amounts also in 3rd = carry-over1 regulatory period 2016 Court fina
Slide 44: Turkey with extraordinary high RAB growth
E.ON standalone Turkey with extraordinary high RAB growth Downstream Business Market & Regulation RAB development Established in 3 high-growth regions Constructive regulatory environment: in bn TL, nominal >2x Leading electricity network operator: − Allowed WACC for 2016-2020 − 10.5 m connecti
Slide 45: Major transformation in Energy Networks
E.ON standalone Major transformation in Energy Networks Future energy network system will need to combine Energy Network player different layers of infrastructure From To Data center Energy network operator Holistic system provider EMS Platforms Digital layer VPP Smart Home Network control center Lo
Slide 46: E.ON leading in smart grid projects
E.ON standalone E.ON leading in smart grid projects Project Acon (Again connected networks) Project Simris – Part of Integrating Czech and Slovak electricity markets Achieving energy autarky for small local Purpose Purpose & improving quality of supply communities Project Modernizing grid in border
Slide 47: E.ON supports customers to improve their energy situation
E.ON standalone E.ON supports customers to improve their energy situation Energie Monitor Smart Grid Hub – part of Create transparency for municipalities of their Create customer value by increasing energy Purpose Purpose local energy situation as basis for improvements efficiency Smart Grid Hub E.O
Slide 48: Operational excellence – digitization in practice
E.ON standalone Operational excellence – digitization in practice Advanced Asset Management Digital Workforce Management Introduce a new digital scalable work Conventional approach Predictive maintenance environment for every field technician and back office Tool Effective investment decision Co
Slide 49: Opportunities in adjacent businesses - Broadband
E.ON standalone Opportunities in adjacent businesses - Broadband A Growing from existing assets B Entering Fiber-to-the-Home (FttH) market E.ON's existing fiber-optic infrastructure E.ON's new fiber-optic infrastructure Fiber-optic cables in every street Telco X's and to every backbone household Mob
Slide 50: Customer Solutions
Growth Focus Discipline Customer Solutions E.ON standalone
Slide 51: Customer Solutions
E.ON standalone Customer Solutions Customer Focused Portfolio E.ON’s market position Energy Sales is the anchor business EBIT4 2018 (€ 413m) Top 3 CES Top 3 Energy Sales: 22 m1 Top 2 Top 3 Energy customers in 8 countries Top 3 Top 2 Sales City Energy Solutions (CES)2: Top 3 10% market share in Swede
Slide 52: B2C – Differentiate and grow
E.ON standalone B2C – Differentiate and grow Defend and grow Address margin Increase customer base pressure efficiency Defend: Effective retention: Digitization: Increased loyalty / service Win-back, preventive churn Digital Attacker, customer excellence / NPS etc. management analytics, market
Slide 53: B2C - Re-inventing our customer business with the digital attacker
E.ON standalone B2C - Re-inventing our customer business with the digital attacker <€ 10 Market Cost-to-Serve Cost Synergies ambition efficiency Market Leading across regions leading Cost to Serve cost of change €/customer account 1-click Single Innovative Fast platform for Customer proposition jour
Slide 54: New Solutions B2B
E.ON standalone New Solutions B2B On-site supply of heat, steam, power, cooling and pressurized air On-site • Bespoke onsite power and heat supply ~5-200MW Generation • Digitization of the entire value chain with IQ-CHP (intelligent, digital CHP) • AI-based solutions for remote O&M Manage energy con
Slide 55: New Solutions CES (City Energy Solutions)
E.ON standalone New Solutions CES (City Energy Solutions) • Large-scale city heating & cooling solutions (e.g. • Typical duration 20-40 years in Malmö, Stockholm, Hamburg) • Typical TCV1 € 0.1–1bn • Growth opportunities through new connections City Supply to established district heating networks & n
Slide 56: New Solutions B2C
E.ON standalone New Solutions B2C Future Energy Home eMobility Home Energy PV & Storage Home Heating Solutions Infrastructure Mgmt. Solution Additional growth in key Revenue growth of heating Development of home Developing Ultra-Fast- regions like Italy, UK, devices – boiler, heat energy man
Slide 57: The nature of the business within Customer Solutions shows great diversity
E.ON standalone The nature of the business within Customer Solutions shows great diversity Energy sales B2C solutions E-mobility B2B solutions CES Asset intensity Scalability (e.g. digital) Sales cycle Example Public charging City quarter Energy contracts PV & Storage Onsite CHP station solution 57
Slide 58: Disciplined investment plan to support growth opportunities
E.ON standalone Disciplined investment plan to support growth opportunities Temporary high investments for smart meter & IT Capex1 2019-2020 €1.6bn Other Infrastructure-like E-mob investments IT & City Energy efficiency Solutions & B2B projects Smart Partially meter temporary 1. Capex net of divestm
Slide 59: Renewables
Growth Focus Discipline Renewables E.ON standalone
Slide 60: Renewables
E.ON standalone Renewables Capacity1 Highlights 3.9 GW 3.6 GW €0.5 bn EBIT 2018 Nysäter (~20% of core EBIT) Panther Creek (repowering) ~96% Long-term contracted West of Nawrocko or hedged until 2020 the Pecos Miltzow 1 Strong track record with ~7.5 GW1 delivered Morcone 1.8 GW 0.2 GW Active in 3 gen
Slide 61: Play at scale in Onshore - Attractive pipeline in Tier 1 geographies
E.ON standalone Play at scale in Onshore - Attractive pipeline in Tier 1 geographies Gross capacity additions 2019-2021 (MW) Onshore pipeline Onshore pipeline ∑~2.7 GW ~6.3 ~2.0 GW GW COD COD COD COD COD 2017 2018 2019 2020 2021 100% PTC Nordic New Projects Onshore Offshore1 80% PTC UK (Pre- FID pip
Slide 62: FY 2018 – Financial Appendix
Growth Focus Discipline FY 2018 – Financial Appendix E.ON standalone
Slide 63: Financial Highlights
E.ON standalone Financial Highlights €m FY 2017 FY 2018 % YoY Sales 37,965 30,253 -20 1 EBITDA 4,955 4,840 -2 1 EBIT 3,074 2,989 -3 1 Adjusted Net Income 1,427 1,505 +5 OCF bIT -2,235 4,087 – Investments 3,308 3,523 +6 Economic Net Debt ² -19,248 -16,580 +14 1. Adjusted for non operating effects, 2.
Slide 64: 84% Cash Conversion Rate
E.ON standalone 84% Cash Conversion Rate2 FY 2018 € bn 84% 4.8 0.0 4.1 -0.8 -0.6 2.9 -0.6 -3.5 -0.7 EBITDA1 Cash Change in WC OCF bIT Interest Tax Payments OCF Capex FCF Adjustments3 Payments 1. Adjusted for non operating effects, 2. Cash Conversion Rate: OCF bIT ÷ EBITDA, 3. Net non cash effective
Slide 65: Segments: Energy Networks
E.ON standalone Segments: Energy Networks Energy Networks Highlights EBIT1 € m • Germany -9% + One-off effects in Q2 & Q3 2018 2,034 – Reversal of regulatory effects 1,844 – Disposal of gas network Hamburg, 3rd regulatory period gas Germany 1,030 895 • Sweden + Power tariff increase Sweden 474 498 –
Slide 66: Segments: Customer Solutions
E.ON standalone Segments: Customer Solutions Customer Solutions Highlights EBIT1 € m • Germany Sales -14% + Price increases in 2017 479 – Restructuring charges 413 • UK Germany Sales 102 160 – Restructuring charges, competitive dynamics UK 248 – Regulatory effects, incl. price caps (PPM2, vulnerable
Slide 67: Segments: Renewables
E.ON standalone Segments: Renewables Renewables Highlights EBIT1 € m +15% • Offshore/Other + UK: Capacity additions (Rampion) 521 – Adverse wind conditions 454 • Onshore/Solar 379 + US: Capacity additions (Bruenning’s Breeze, Radford’s Run) Offshore/Other 337 + SE: Book gain from partnering transact
Slide 68: Non-Core business
E.ON standalone Non-Core business Non-Core Highlights EBIT1 € m • PreussenElektra +/–– One-off effects -3% – Lower achieved power prices 393 382 + Higher volumes due to plant outages in 2017 • Generation Turkey Preussen Elektra 506 399 + Book loss from asset sale in Q1 2017 + Operational improvement
Slide 69: Adjusted Net Income
E.ON standalone Adjusted Net Income €m FY 2017 FY 2018 % YoY 1 EBITDA 4,955 4,840 -2 Depreciation/amortization -1,881 -1,851 +2 1 EBIT 3,074 2,989 -3 Economic interest expense (net) -744 -674 +9 1 EBT 2,330 2,315 -1 1 Income Taxes on EBT -614 -562 +8 1 % of EBT -26% -24% - Non-controlling interests
Slide 70: Reconciliation of EBIT to IFRS Net Income
E.ON standalone Reconciliation of EBIT to IFRS Net Income €m FY 2017 FY 2018 % YoY 1 EBITDA 4,955 4,840 -2 Depreciation/Amortization/Impairments -1,881 -1,851 +2 1 EBIT 3,074 2,989 -3 Reclassified businesses of Renewables -440 -513 -17 Interest result 33 -713 - Net book gains 375 857 +129 Restructur
Slide 71: Cash effective investments by unit
E.ON standalone Cash effective investments by unit €m FY 2017 FY 2018 % YoY Energy Networks 1,419 1,597 +13 Customer Solutions 595 637 +7 Renewables 1,225 1,037 -15 Corporate Functions & Other 53 86 +62 Consolidation 2 -3 - Non-Core 14 169 - Investments 3,308 3,523 +6 71
Slide 72: Economic Net Debt
E.ON standalone Economic Net Debt1 €m 31 Dec 2017 31 Dec 2018 Liquid funds 5,160 5,423 Non-current securities 2,749 2,295 Financial liabilities -13,021 -10,721 Adjustment FX hedging ² 114 -28 Net financial position -4,998 -3,031 Provisions for pensions -3,620 -3,261 Asset retirement obligations -10,
Slide 73: Economic interest expense (net)
E.ON standalone Economic interest expense (net) Difference (in €m FY 2017 FY 2018 € m) Interest from financial assets/liabilities -673 -588 +85 Interest cost from provisions for pensions and similar provisions -82 -62 +20 Accretion of provisions for retirement obligation and similar provisions -67 -
Slide 74: Financial Liabilities
E.ON standalone Financial Liabilities Liquidity Sources (as of FY 2018) Maturity profile (as of end FY 2018)1 € bn € bn 4.8 Liquid funds 5.432 Non-current securities 2.295 Syndicated loan (undrawn) 2.75 1.4 1.1 € / $ Commercial Paper 0.8 10 / 10 0.6 programs (undrawn) 0.4 0.1 0.0 Acquisition facilit
Slide 75: Funding plan
Funding plan Indicative funding needs Financing considerations Funding public takeover offer and purchase of € bn RWE’s loan to innogy is covered by existing cash 4 and RWE’s payment 2 2019 funding needs: expected to be €2-3 billion 0 €1.75 billion undrawn acquisition facility available 2019 2
Slide 76: Investor Relations contacts
E.ON Investor Relations contacts Dr. Stephan Schönefuß T +49 (201) 184 28 22 Interim Head of Investor Relations [email protected] Martina Burger T +49 (201) 184 28 07 Manager Investor Relations [email protected] Sebastian Gaßner T +49 (201) 184 28 05 Manager Investor Relations sebasti
Slide 77: Financial calendar & important links
Financial calendar & important links Financial calendar May 13, 2019 Quarterly Statement: January – March 2019 May 14, 2019 2019 Annual Shareholders Meeting August 7, 2019 Half-Year Financial Report: January – June 2019 November 13, 2019 Quarterly Statement: January – September 2019 March 25, 2020 A
Slide 78: 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