Evn Ag · VIE:EVN
Evn — Investor Presentation (October 2026)
52 slides from Evn's investor presentation, October 2026
Slide 1: Company presentation
Company presentation October 2026
Slide 2: Agenda
Agenda EVN at a glance Back-up information Company presentation, October 2026 2
Slide 3: Integrated business model as basis for our value chain
Integrated business model as basis for our value chain Generation1) Renewable Networks2) Trade and Customers3) Water (1,022 MW) Electricity supply Electricity (3.6m) supply Thermal (137 MW) (142,423 km) Natural gas (0.3m) Electricity Natural gas Heating (0.1m) Storage (13,939 km) Natural gas Drinkin
Slide 4: High share of regulated and stable business
High share of regulated and stable business EUR 909.1m ~80% of EBITDA from regulated and stable business in FY 2024/25 Regulated business in Lower Austria Electricity distribution networks Natural gas distribution networks 41% Wind generation Stable business in Lower Austria Water supply (1.
Slide 5: The energy future is renewable and offers many opportunities for EVN
The energy future is renewable and offers many opportunities for EVN • Grid expansion • Large battery storage • Cross-sector use of green energy − Charging infrastructure for e mobility − Heat generation − Large battery storage facilities − Production and storage of hydrogen • Investing in renewable
Slide 6: EVN's positioning and strategic growth priorities to 2030 and beyond
EVN’s positioning and strategic growth priorities to 2030 and beyond Wind power expansion Solar PV expansion BESS expansion & flexibility management 770 MW installed capacity by 2030 300 MWp installed capacity by 2030 300 MW storage capacity by 2030 Grid expansion & digitalisation Decarbonised heat
Slide 7: Ambitious Capex programme of ~EUR 1bn p.a. until 2030
Ambitious Capex programme of ~EUR 1bn p.a. until 2030 • Structure of investments1) will remain unchanged • Investment strategy − Focus on networks, wind and PV generation, battery 2% storage, heating, e-charging infrastructure, drinking water 10% 15% supply 10% − Around 80% of investments to be made
Slide 8: Strategic financial KPIs for EVN Group Perspective 2026–2030
Strategic financial KPIs for EVN Group Perspective 2026–2030 2024/25 Target 20301) EBITDA EURm 909 1,200 Group net results EURm 437 500 ROCE % > 6.0 WACC % 5.0 Annual investments EURm 910 1,000 Net debt / FFO (Funds from operations) x 1.3 2.2 1) Specific guidance for individual years is communicated
Slide 9: Energy segment – Perspective 2026-2030
Energy segment – Perspective 2026-2030 EBITDA margin EVN KG Share of Group EBITDA 3-5% Main activities EBITDA perspective 2030 Growth drivers − Marketing of own electricity generation EURm − Volume growth offsets margin pressure − Heat production and supply (mainly biomass) in the heating business −
Slide 10: Generation segment – Perspective 2026-2030
Generation segment – Perspective 2026-2030 ROCE renewable generation Share of Group EBITDA > WACC + 2% 1) Main activities EBITDA perspective 2030 Renewable generation growth − Renewable generation (wind, hydro, PV) EURm TWh − BESS 1) − Operation of a thermal waste utilisation plant − 13% stake in Ve
Slide 11: Networks segment – Perspective 2026-2030
Networks segment – Perspective 2026-2030 Regulatory parameters1) Share of Group EBITDA Existing RAB New RAB WACC2) 4.2% 6.1% (2026) 1) RAB electricity distribution network in Lower Austria 2) Pre-tax, nominal Main activities EBITDA perspective 2030 RAB1) growth − Electricity distribution network inf
Slide 12: South East Europe segment – Perspective 2026-2030
South East Europe segment – Perspective 2026-2030 Segment ROCE Share of Group EBITDA > 8% Main activities EBITDA perspective 2030 − Electricity distribution network infrastructure in EURm Bulgaria and North Macedonia − Electricity supply in Bulgaria and North Macedonia − Heat production and supply i
Slide 13: All other segments – Perspective 2026-2030
All other segments – Perspective 2026-2030 Planning assumptions Share of Group EBITDA − Stable results from RAG and Burgenland Energie expected − Dividend from Verbund AG mainly driven by development of power prices Main activities EBITDA perspective 2030 − 50.03% stake in RAG1) EURm − 73.63% invest
Slide 14: Segment overview – Strategic EBITDA targets Perspective 2026–2030
Segment overview – Strategic EBITDA targets Perspective 2026–2030 EURm EBITDA Target Group EBITDA Target 2030 2030 Energy ~180 ~1.2bn Generation ~190 Networks ~560 South East Europe ~240 EBITDA split 2030 All other Segments ~70 Company presentation, October 2026 14
Slide 15: EVN share – Shareholder structure and dividends
EVN share – Shareholder structure and dividends • Shareholder structure • Dividend policy as of FY 2025/26 − Minimum dividend: EUR 0.90 per share − Planned increase to at least EUR 1.10 per share by FY 2029/30, targeting a payout ratio of approximately 40% • Dividend for FY 2025/26 expected in the r
Slide 16: Beyond 2030 – a glimpse into EVN's longer term strategic outlook
Beyond 2030 – a glimpse into EVN’s longer term strategic outlook 1 Ongoing ambitious capex programme of ~EUR 900m − Networks, renewable generation and flexibilities remain priorities 2 Average RAB growth in Austrian electricity ~EUR 200m p.a. . Wind pipeline up to 1.5 GW combined with storage capaci
Slide 17: Austria's flexibility growth until 2040 is a balanced approach across technologies and durations
Austria‘s flexibility growth until 2040 is a balanced approach across technologies and durations • Strong flexibility growth forecast • Significant capacity growth especially for Austria by 2040 (TWh) for daily flexibility expected by 2040 (GW) 2020 2040 Source: Compass Lexecon Company presentation,
Slide 18: 300 MW expansion target for large battery storage until 2030
300 MW expansion target for large battery storage until 2030 • 12 MW storage capacity under operation (as of 31 March 2026) − Co-location battery storage at wind and PV parks • Construction start for large-battery storage projects during 2026 at former thermal locations − 70 MW battery Theiss − 16 M
Slide 19: Business opportunities for BESS
Business opportunities for BESS 1 Energy arbitrage 2 Balancing services . 3 Capacity market 4 Integration of renewable energy 5 Better use of grid infrastructure Company presentation, October 2026 19
Slide 20: Super hybrid parks: '1+1 = 3'
Super hybrid parks: ‘1+1 = 3’ • 1 MW grid connection in Austria could be used as 1a 1 MW solar ~1,100 full-load hours p.a. 1b 1 MW wind ~2,700 full-load hours p.a. 2 1 MW wind + 1 MW solar ~3,700 full-load hours p.a. 3 Plus battery >4,000 full-load hours p.a. • EVN solution: super hybrid parks − Usa
Slide 21: Ambitious climate and energy goals 2030 as main challenge for network operators
Ambitious climate and energy goals 2030 as main challenge for network operators • Network capacity (in MW) in Lower Austria • Split of networks Capex requires substantial expansion until 2030 • Main drivers: • Major milestones − Integration of volatile renewables generation from wind − Installing 1,
Slide 22: Regulated business in Austria
Regulated business in Austria Network Electricity Natural gas Comments Regulatory authority Start of the regulatory period 01.01.2024 01.01.2023 Next regulatory adjustment 01.01.2029 01.01.2028 Adjustment of WACC and productivity factors Duration of the regulatory period 5 years 5 years Regulatory m
Slide 23: Data centre – a potential business opportunity for EVN
Data centre – a potential business opportunity for EVN 2 energy hubs Dürnrohr & Theiß up to 250 MW electrical power per site ~140,000 m² buildable industrial land Established framework · integrated grid, energy and site-development expertise What EVN is able to offer: Dürnrohr OPTION 1 Industrial la
Slide 24: Continuous efforts to achieve further operating improvements in SEE
Continuous efforts to achieve further operating improvements in SEE • Ongoing reduction in grid losses • Number of customers − Bulgaria: 1.8m − North Macedonia: 0.9m • Commitment to supply security • Investment strategy for SEE − Expansion and upgrading of network infrastructure to continuously redu
Slide 25: Drinking water business in Lower Austria – stable earnings contribution and future growth area
Drinking water business in Lower Austria – stable earnings contribution and future growth area • Largest regional drinking water supplier − 0.6m drinking water customers − Supra-regional pipeline networks and local water supply networks − Operation of 7 natural filter plants to reduce the hardness o
Slide 26: Significant contribution to EVN's net profit from strategic investments
Significant contribution to EVN‘s net profit from strategic investments • Verbund AG 12.63% − #1 electricity producer in Austria and EUR 122.9m1) #2 hydropower producer in Europe with 8.5 GW installed EUR 138.2m2) capacity • Burgenland Holding AG 73.63% − Holds a 49% stake in Burgenland Energie (#1
Slide 27: Strategic investments provide a financial hedge
Strategic investments provide a financial hedge Coverage ratio EVN Group Coverage ratio EVN Austria Synthetic (financial) hedge of short position through stakes in: • Verbund AG • Burgenland Energie AG − EVN stake: 12.63% − EVN stake: 49% via Burgenland Holding 8,468 MW 874 MW 308 MWp 596 MW 146 MWp
Slide 28: Key messages to our shareholders
Key messages to our shareholders Leading infrastructure operator with high share of earnings from regulated and stable business Ambitious investment programme of ~EUR 1bn until 2030 − Continuous expansion of domestic regulated and stable activities through focus on networks, wind generation, hea
Slide 29: Agenda
Agenda EVN at a glance Back-up information Company presentation, October 2026 29
Slide 30: Planning parameters for electricity prices and hedging
Planning parameters for electricity prices and hedging • Price assumptions until FY 2029/30 • Hedging of own generation − Average annual forward prices 21% 32% 47% Feed-in tariff Merchant Market premium • Hedging of supply 26% 74% < 1 year >=1 year Company presentation, October 2026 30
Slide 31: Key financials Q. 1-3 2025/26
Key financials Q. 1-3 2025/26 • Increase in revenue − Positive regulatory price effects in the network companies in Lower Austria and Bulgaria − Higher revenue at EVN Wärme due to colder temperatures − Contrasted by a price-related decline in revenues from renewable generation, with additional negat
Slide 32: Solid balance sheet structure (30 June 2026)
Solid balance sheet structure (30 June 2026) Strong balance sheet is the basis for EVN’s ambitious investment programme Ratings: Moody´s (A1, stable) and Scope (A+, stable) EVN’s goal is to maintain solid A category ratings 32
Slide 33: Total financial debt of ~EUR 1.1bn with a well-balanced maturity profile
Total financial debt of ~EUR 1.1bn with a well-balanced maturity profile over the coming years EUR 770m undrawn, committed credit lines (as of 30 September 2025) Company presentation, October 2026 33
Slide 34: Challenging market environment
Challenging market environment Source: EVN, May 2026 Company presentation, October 2026 34
Slide 35: EVN's contribution to the Sustainable Development Goals
EVN‘s contribution to the Sustainable Development Goals – Sustainability as basis of EVN‘s mission as a utility company Expansion of drinking Expansion of 1.5°C-transition plan in water infrastructure to renewable generation line with Paris Climate ensure security and capacities (wind Agreemen
Slide 36: EVN Climate Initiative – Designing the energy future
EVN Climate Initiative – Designing the energy future • 1.5°C-transition plan − in line with Paris Climate Agreement − Emission reduction targets validated by the Science Based Targets Initiative (SBTi) in June 2025 − Main decarbonisation lever: − Strong expansion of renewable generation capacities −
Slide 37: Highly rated ESG performance underlines EVN's ambitions
Highly rated ESG performance underlines EVN’s ambitions Moody`s Analytics • Scale 0-100, Sector Average: 53 ESG Overall Score 58 • Last update: 2024 ISS ESG • Industry benchmark: C+ B-, Prime Status • Last update: 2024 MSCI • Industry benchmark: 25% of utilities in the AA-range; 13% in AAA AA, Leade
Slide 38: Management of summer-winter-balance as future challenge
Management of summer-winter-balance as future challenge – as illustrated by scenario for the residual total load in 2030 Hours per day Scenario for the residual load in 2030; green: oversupply of electricity; red: electricity shortage Company presentation, October 2026 38
Slide 39: Cross-border electricity trading in Europe
Cross-border electricity trading in Europe Backbone of a stable, green and affordable energy system • Different generation mixes as starting point • EU target: net-zero emissions by 2050 • Different transformation paths − Speed of transformation − Renewables vs. nuclear power (taxonomy-aligned) • (C
Slide 40: Building the future of energy through smart grids
Building the future of energy through smart grids • Increasing renewable feed-in and changing consumption pattern (e. g. e-mobility) as investment drivers • Network capacity to be doubled to 6,000 MW until 2030 • EUR 3bn Capex in networks infrastructure in Lower Austria until 2030 − 40 additional pr
Slide 41: Building the future of energy through smart grids /2
Building the future of energy through smart grids /2 • Strategy to further expand and grow our grid business is based on three pillars: − Massive investment and expansion programme − Digitalisation − Optimisation of organisational structure • Benefits of digitalisation and smart grid technology − Fl
Slide 42: Empowering customers for the energy transition
Empowering customers for the energy transition • EVN is Austria’s leading provider for e-charging • Innovative e-charging solutions for cars, trucks, infrastructure busses, ships − > 3,700 e-charging points and > 26,000 e-charging cards • Focus on destination charging − Full-service provider for par
Slide 43: Providing underground sun storage
Providing underground sun storage • Underground sun storage project of RAG Austria − World's first project for a seasonal energy storage system with 100% hydrogen in a depleted natural gas reservoir • Sector integration as potential solution for summer-winter-transfer of energy − Electrolyser uses r
Slide 44: Our success factors in wind generation
Our success factors in wind generation • Strong and well-balanced project pipeline in Lower Austria • Continuous increase in turbine capacity − Under construction: 6 MW turbines • Additional benefit from efficient operation − ~2/3 of annual wind production in Austria during winter half-year (at high
Slide 45: EVN's renewable growth strategy is based on a constantly increasing wind generation portfolio
EVN’s renewable growth strategy is based on a constantly increasing wind generation portfolio • Total installed wind capacity: 570 MW (as of 30.06.2026) − Thereof 554 MW in Austria Company presentation, October 2026 45
Slide 46: Austrian legal framework for renewables
Austrian legal framework for renewables • Green Electricity Act 2012 • Renewable Energy Expansion Act 2021 − Support scheme: Fixed feed-in tariff (~EUR 80-90 per − Support scheme: Market premium (subsidy guarantees floor) MWh for wind) − Tenor of support scheme: 20 years − Tenor of support scheme: 1
Slide 47: We are constantly working on innovative solutions to enable efficient renewables generation
We are constantly working on innovative solutions to enable efficient renewables generation • Enable projects through ecological planning and special measures to protect biodiversity − Close cooperation with NGOs and authorities − Species protection measures − Compensation areas and alternative habi
Slide 48: EVN is confident to reach its wind power expansion targets by 2030
EVN is confident to reach its wind power expansion targets as planned by 2030 – albeit some challenges Challenges Success factors − Length of approval − EVN’s strong track process (incl. long record in its home court proceedings) market lower Austria − Acceptance of EVN’s 2030 wind − Strong project
Slide 49: RAG Austria AG
RAG Austria AG • Shareholder structure − EVN AG (50.03%)1) − Uniper Exploration & Production GmbH (29.97%) − Energie Steiermark Kunden GmbH (10.00%) − Salzburg AG (10.00%) • 100% of RAG earnings are recognised as share of profit of equity accounted investees with operational nature • 49.97% of RAG e
Slide 50: Contact details
Contact details • Alexandra Wittmann, CFO • Information on the internet − www.evn.at • IR contact partners: − www.investor.evn.at − Gerald Reidinger − www.responsibility.evn.at − Matthias Neumüller − Karin Krammer • Headquarters of EVN AG − Sarah Kallina − EVN Platz 2344 Maria Enzersdorf • IR contac
Slide 51: Disclaimer
Disclaimer Certain statements made in this presentation may constitute „Forward-Looking Statements” within the meaning of the U.S. federal securities law. Forward-looking information is subject to various known and unknown risks and uncertainties. These include statements concerning our expectations
Slide 52: Ambitions for future performance
Ambitions for future performance The slides 8-14 reflect the forward-looking expectations of EVN for future financial performance which are necessarily based on a number of assumptions and estimates about future events and actions, including management’s assessment of opportunities and risks. With