E.on Se · XETR:EOAN

E.on — Investor Presentation (March 2014)

157 slides from E.on's investor presentation, March 2014

1. Slide 1: E.ON Facts & Figures

   E.ON Facts & Figures March 2014

2. Slide 2: Content

   Content E.ON Group 3 Generation 12 Renewables 31 Exploration & Production 53 Global Commodities 60 Germany 69 Other EU countries 78 Russia 146 ENEVA 150 Enerjisa 154

3. Slide 3: E.ON Group

   E.ON Group 3

4. Slide 4: E.ON in numbers

   E.ON Group E.ON in numbers 29 billion KWh 17m grid customers in Europe electricity produced from renewable technologies1, equivalent to demand of 3m homes €26bn regulated asset base in Europe 14 GW Global #3 in offshore wind2 generation capacity outside of Europe3 40GW conventional generation capaci

5. Slide 5: E.ON's EU business activities

   E.ON Group E.ON´s EU business activities Installed renewables Installed conventional capacity (GW)1 capacity (GW)1 5 40 20 0 0 Power & gas Power network length costumers in (´000) (´000 km) 20 500 10 0 0 378 Central & Northern Europe Central Eastern Europe Southern Europe 1 Pro rata view 5

6. Slide 6: E.ON's non-EU business activities

   E.ON Group E.ON´s non-EU business activities Russia1 10 GW generation capacity US3 2.5 GW renewables capacity Turkey2  2.4 GW generation capacity  9m sales customer  ~200.000 km combined network length Brazil4 2 GW generation capacity 1 E.ON Russia view 2 Enerjisa view 3 Accounting view 4 ENEVA v

7. Slide 7: E.ON's Group structure

   E.ON Group E.ON's Group structure Group Management Global Exploration & Other EU Non EU Support New Build & Generation Renewables Germany Commodities Production countries countries functions1 Technology1 Proprietary Distribution UK Russia Nuclear Hydro Trading Networks Sweden Other Non EU Wind/Solar

8. Slide 8: E.ON's Board of Management

   E.ON Group E.ON's Board of Management Johannes Leonhard Jørgen Bernhard Klaus Mike Teyssen Birnbaum Kildahl Reutersberg Schäfer Winkel appointed in appointed in appointed in appointed in appointed in appointed in 2004 2013 2010 2010 2013 2013 Corporate Trading & Brazil, Russia Regional Finance Gener

9. Slide 9: Major investment projects (I)

   E.ON Group Major investment projects (I) Renewables - Amrumbank Renewables – Humber Offshore wind farm Offshore wind farm Country: Country: Capex: € 1.0 bn Capex: € 0.9 bn Capacity: 288 MW Capacity: 219 MW 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Renewables – Grandview1 Renewables – Provenc

10. Slide 10: Major investment projects (II)

    E.ON Group Major investment projects (II) Renewables – Blackburn Meadows E.ON Russia - Berezovskaya Biomass Lignite Country: Country: Capex: € 0.2 bn Capex: € 1.0 bn Capacity: 33 MW Capacity: 800 MW 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Generation – Oskarsham II1 Generation – Maasvlakte

11. Slide 11: Major investment projects (III)

    E.ON Group Major investment projects (III) Generation – Datteln 4 Generation - Ratcliffe Hard Coal Hard Coal Country: Country: Capex: > € 1.1 bn Capex: € 1.0 bn Capacity: 1.100 MW Modernization 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 11

12. Slide 12: E.ON Generation

    E.ON Generation Nuclear – Steam – CCGT 12

13. Slide 13: Generation – Business snapshot

    Generation Generation – Business snapshot 2010-2013 EBITDA & EBIT  The Generation Unit consists of 3 fleets €bn EBITDA EBIT grouping all conventional European plants 3 with similar technology 2  Nuclear  Steam: coal, fuel oil or gas 1  CCGT: gas or oil 0 2010 2011 2012 2013  Currently operates

14. Slide 14: Nuclear – Location of generation assets

    Generation Nuclear – Location of generation assets Production capacity accounted (MW)1 1 2013 % 2012 % Germany 5,746 70 5,746 70 Sweden 2,511 30 2,511 30 Total 8,257 100 8,257 100 3 2 Production capacity pro rata (MW)1 1 2013 % 2012 % Germany 5,403 66 5,403 66 2 4 Sweden 2,799 34 2,775 34 Total 8,20

15. Slide 15: Nuclear - Power stations

    Generation Nuclear - Power stations Germany1 E.ON share 2 Shareholders Consolidation Capacity % Pro rata Accounting Start-up Shutdown (net MW) (MW) (MW) date date 1 Brokdorf E.ON/VE 2 1,410 80.0 1,128 1,410 1986 2021 2 Emsland E.ON/RWE 3 1,329 12.5 166 0 1988 2022 3 Grafenrheinfeld E.ON 2 1,275 100.

16. Slide 16: Nuclear – Long term contracts

    Generation Nuclear – Long term contracts Long term contracts - Delivered E.ON share Capacity % Pro rata Delivered Shareholder Consolidation1 (net MW) (MW) (MW) Partner Gundremmigen B RWE/ E.ON 1 1,284 25.0 321 171 EnBW Gundremmigen C RWE/ E.ON 1 1,288 25.0 322 172 EnBW Grohnde E.ON/ SW Bielefeld 2 1

17. Slide 17: Steam - Location of generation assets

    Generation Steam - Location of generation assets Production capacity accounted (MW)1 2013 % 2012 % Germany 9,008 49 9,741 47 UK 2,069 11 3,005 15 Sweden 1,004 6 1,004 5 France 2,708 15 3,178 15 NL/Belgium 1,666 9 1,626 8 Italy 904 5 904 4 Spain 869 5 1,214 5 1 Total 18,228 100 20,530 100 3 Productio

18. Slide 18: Steam - Power stations (1)

    Generation Steam - Power stations (1) Germany1 E.ON share 3 Shareholders Consoli- Fuel Type Capacity % Pro rata Accounting Start-up 2 dation (net MW) (MW) (MW) date 1 Datteln 1 E.ON 2 HC 95 100.0 95 95 1964 1 Datteln 2 E.ON 2 HC 95 100.0 95 95 1964 1 Datteln 3 E.ON 2 HC 113 100.0 113 113 1969 1 Knep

19. Slide 19: Steam - Power stations (2)

    Generation Steam - Power stations (2) UK1 E.ON share 3 Shareholders Consoli- Fuel Type Capacity % Pro rata Accounting Start-up 2 dation (net MW) (MW) (MW) date 1 Ratcliffe U1 E.ON 2 HC 500 100.0 500 500 1968 1 Ratcliffe U2 E.ON 2 HC 490 100.0 490 490 1969 1 Ratcliffe U3 E.ON 2 HC 500 100.0 500 500 1

20. Slide 20: Steam - Power stations (3)

    Generation Steam - Power stations (3) France1 E.ON share 2 3 Shareholders Consolidation Fuel Type Capacity (net MW) % Pro rata (MW) Accountin (MW) Start-up date 1 Emile Huchet 4 E.ON 2 HC 115 100.0 115 115 1976 1 Emile Huchet 5 E.ON 2 HC + CCGT 330 100.0 330 330 1972 1 Emile Huchet 6 E.ON 2 HC 595 1

21. Slide 21: Steam - Power stations (4)

    Generation Steam - Power stations (4) Italy1 E.ON share 3 Shareholders Consoli- Fuel Type Capacity % Pro rata Accounting Start-up 2 dation (net MW) (MW) (MW) date 1 Fiume Santo 1-4 E.ON 2 HC + O 904 100.0 904 904 1983 Total 904 904 904 Spain1 E.ON share 3 Shareholders Consoli- Fuel Type Capacity % P

22. Slide 22: Steam – Long term contracts

    Generation Steam – Long term contracts Long term contracts - Delivered E.ON share Capacity % Pro rata Delivered Shareholder Consolidation1 (net MW) (MW) (MW) Partner Veltheim 3 E.ON/ SW Bielefeld 2 303 66,7 202 202 Morgan Stanley Buschhaus2 E.ON 2 352 100 352 159 EnBW Total 361 1. Consolidation: 1 E

23. Slide 23: Steam – Change of portfolio

    Generation Steam – Change of portfolio Change of portfolio1 Status YE 2012 Status YE 2013 Shareholder Interest Pro rata Accounting Type of Change in Pro rata Accounting % (MW) (MW) movement interest % (MW) (MW) Buschhaus E.ON 100% 352 352 Sale -100% 0 0 Shamrock E.ON 100% 132 132 Closure n.a. 0 0 St

24. Slide 24: Steam – Mothballed assets

    Generation Steam – Mothballed assets Mothballed Steam power plants E.ON share Shareholders Fleet Country % Pro rata Accounting (MW) (MW) Veltheim 4 ST E.ON/ SW Bielefeld Steam Germany 66,7 223 335 Total 223 335 24

25. Slide 25: CCGT - Location of generation assets

    Generation CCGT - Location of generation assets Production capacity accounted (MW)1 2013 % 2012 % Germany 1,989 15 1,989 13 UK 4,575 33 4,575 31 Sweden 1,014 7 1,014 7 Italy 3,303 24 4,041 27 Spain 2,011 15 2,011 14 Netherlands 385 3 385 3 Hungary 428 3 428 3 Slovakia - - 418 3 2 3 Total 13,704 100

26. Slide 26: CCGT - Power stations (1)

    Generation CCGT - Power stations (1) Germany1 E.ON share Shareholders Conso- Capacity % Pro rata Accounting Start-up 2 lidation (net MW) (MW) (MW) date 1 Irsching 3 E.ON 2 415 100.0 415 415 1974 1 Irsching 4 E.ON 2 550 100.0 550 550 2011 1 Irsching 5 E.ON/other 2 846 50.0 425 846 2010 2 Kirchmöser E

27. Slide 27: CCGT - Power stations (2)

    Generation CCGT - Power stations (2) Sweden1 E.ON share Shareholders Conso- Capacity % Pro rata Accounting Start-up 2 lidation (net MW) (MW) (MW) date 1 Öresundsverket E.ON Sverige 2 449 100.0 449 449 2009 1 Öresundsverket GT G24 E.ON Sverige 2 63 100.0 63 63 1972 1 Öresundsverket GT G25 E.ON Sverig

28. Slide 28: CCGT - Power stations (3)

    Generation CCGT - Power stations (3) Spain1 E.ON share Shareholders Conso- Capacity % Pro rata Accounting Start-up 2 lidation (net MW) (MW) (MW) date 1 Escatrón E.ON 2 804 100.0 804 804 2008 2 Tarragona E.ON 2 386 100.0 386 386 2002 3 Algeciras E.ON 2 821 100.0 821 821 2011 Total 2,011 2,011 2,011 B

29. Slide 29: CCGT - Power stations (4)

    Generation CCGT - Power stations (4) Change of portfolio1 Status YE 2012 Status YE 2013 Shareholder Interest % Pro rata Accounting Type of movement Change in Pro rata Accounting (MW) (MW) interest % (MW) (MW) Consolidation CEF E.ON 58% 83 83 method n.a. 83 0 Consolidation Scandale E.ON 50% 407 407 m

30. Slide 30: CCGT – Mothballed assets

    Generation CCGT – Mothballed assets Mothballed CCGT power plants E.ON share Shareholders Fleet Country % Pro rata Accounting (MW) (MW) Malzenice E.ON CCGT Slovakia 100,0 418 418 Tavazzano 8 E.ON CCGT Italy 100,0 300 300 Total 718 718 30

31. Slide 31: E.ON Renewables

    E.ON Renewables Germany – France – Spain – Portugal – Italy – Poland - U.K. - Denmark - Sweden - US 31

32. Slide 32: Renewables – Business snapshot

    Renewables Renewables – Business snapshot 2010-2013 EBITDA ECR Hydro  E.ON Climate & Renewables is responsible €bn for E.ON’s industrial-scale renewable 2 energy activities  Develops, builds and operates large 1 renewable energy assets, primarily in Europe and North America 0  Its technology port

33. Slide 33: Generation capacity and output by technology

    Renewables Generation capacity and output by technology Generation capacity (MW) – Accounting view 1 Generation output (TWh) – Accounting view 1 2013 % 2012 % 2013 % 2012 % Hydro 4,855 48 5,051 52 Hydro 15.7 54 16.9 59 Onshore wind 3,694 37 4,044 42 Onshore wind 10.3 35 9.6 34 Offshore wind 688 7 45

34. Slide 34: Generation capacity and output by country

    Renewables Generation capacity and output by country Generation capacity (MW) – Accounting view 1 Generation output (TWh) – Accounting view 1 2013 % 2012 % 2013 % 2012 % USA 2,294 23 2,724 28 USA 7.2 25 6.9 24 UK 1,485 15 481 5 UK 2.8 10 1.5 5 Italy 909 9 905 9 Italy 2.7 9 1.6 6 Spain 951 9 950 10 S

35. Slide 35: Change of portfolio (ex large Hydro)

    Renewables Change of portfolio (ex large Hydro) Change of portfolio1 Status YE 2012 Status YE 2013 Pro rata Type of Pro rata Accounting Accounting Change in Shareholder Interest % (MW) (MW) movement interest % (MW) (MW) Fiume Santo 3 E.ON n.a. - - Construction 100% 4 4 Valencia E.ON n.a. - - Constru

36. Slide 36: Renewables assets in Germany (1)

    Renewables Renewables assets in Germany (1) Locations in Germany1 Hydro – Proprietary – Run of River1 E.ON share 4 Shareholders Consolidation Capacity % Pro rata Accounting Start-up (net MW) (MW) (MW) date 1 Obernach E.ON 2 13 100 13 13 1955 2 Mühltal E.ON 2 11 100 11 11 1924 3 Aufkirchen D+E E.ON 2

37. Slide 37: Renewables assets in Germany (2)

    Renewables Renewables assets in Germany (2) Locations in Germany1 Hydro – Proprietary – Storage1 E.ON share Share- Consoli- Capacity % Pro rata Accounting Start-up 2 holders dation (net MW) (MW) (MW) date 1 Walchenseekraftwerk D+E E.ON 2 124 100 124 124 1924 2 Roßhaupten E.ON 2 46 100 46 46 1954 3 B

38. Slide 38: Renewables assets in Germany (3)

    Renewables Renewables assets in Germany (3) Wind parks1 Locations in Germany1 Onshore wind parks E.ON share 2 9 10 Share- Consoli- Capacity % Pro rata Accounting Start-up 1 4 2 13 holders dation (net MW) (MW) (MW) date 8 3 8 1 Cuxhaven E.ON/RWE 3 5 50 3 0 2006 14 2 Kessin E.ON/Other 3 6 7 0 0 2002 5

39. Slide 39: Renewables assets in Germany (4)

    Renewables Renewables assets in Germany (4) Wind parks1 Locations in Germany1 Onshore wind parks E.ON share 9/10 3 17 2 1 Share- Consoli- Capacity % Pro rata Accounting Start-up 2 holders dation (net MW) (MW) (MW) date 8 16 13 15 1 Losten edis 2 12 67 8 12 2004 14 2 Löwitz edis 2 3 67 2 3 2004 3 Mil

40. Slide 40: Renewables assets in France

    Renewables Renewables assets in France Renewables assets1 Onshore wind parks1 E.ON share Share- Consoli- Capacity % Pro rata Accounting Start-up 2 5 1 holders dation (net MW) (MW) (MW) date 1 Lehaucourt E.ON 2 10 100 10 10 2007 3 2 Ambon E.ON 2 10 100 10 10 2008 6 3 LV Cernon E.ON 2 10 100 10 10 200

41. Slide 41: Renewables assets in Spain (1)

    Renewables Renewables assets in Spain (1) Locations in Spain1 Hydro1 E.ON share Share- Consoli- Capacity % Pro rata Accounting Start-up 3 holders dation (net MW) (MW) (MW) date 1 Remolina E.ON 2 83 100 83 83 1990 2 1 Arenas E.ON 2 8 100 8 8 1958 4 1 3 1 Urdón E.ON 2 6 100 6 6 1910 1 Camarmeña E.ON 2

42. Slide 42: Renewables assets in Spain (2)

    Renewables Renewables assets in Spain (2) Locations in Spain1 Onshore wind parks1 E.ON share 11 12 13 Project location Share- Consoli- Capacity % Pro rata Accounting Start-up 2 14 15 16 holders dation (net MW) (MW) (MW) date 17 18 1 Ascoy E.ON/Elecdey 2 8 20 1 0 2003 2 Bodenaya E.ON 2 18 100 18 18 2

43. Slide 43: Renewables assets in Spain (3)

    Renewables Renewables assets in Spain (3) Locations in Spain1 Biomass1 E.ON share Share- Consoli- Capacity % Pro rata Accounting Start-up 2 holders dation (net MW) (MW) (MW) date 1 Juneda Abantia 3 16 26 4 0 2001 Total 16 4 0 1 Small hydro1 E.ON share Share- Consoli- Capacity % Pro rata Accounting S

44. Slide 44: Renewables assets in Portugal

    Renewables Renewables assets in Portugal Wind parks1 Onshore wind parks1 E.ON share Project location Shareholders Consoli- Capacity % Pro rata Accounting Start-up 2 dation (net MW) (MW) (MW) date E.ON/ 1 Joguinho Valouro Group 3 26 45 12 0 2007 E.ON/ 2 Alto de Folgorosa Valouro Group 3 18 45 8 0 200

45. Slide 45: Renewables assets in Italy (1)

    Renewables Renewables assets in Italy (1) Locations in Italy1 Hydro1 E.ON share Share- Consoli- Capacity % Pro rata Accounting Start-up holders dation3 (net MW) (MW) (MW) date 1 Baschi-Alviano E.ON 2 98 100 98 98 1963/64 1 Cotilia E.ON 2 48 100 48 48 1942 1 Galleto M.S. Angelo E.ON 2 210 100 210 210

46. Slide 46: Renewables assets in Italy (2)

    Renewables Renewables assets in Italy (2) Renewables assets1 Onshore wind parks1 E.ON share Share- Consoli- Capacity % Pro rata Accounting Start-up 2 holders dation (net MW) (MW) (MW) date 1 Alcamo E.ON 2 32 100 32 32 2011 2 Florinas E.ON 2 20 100 20 20 2004 11 12 3 Vizzini E.ON 2 24 100 24 24 2006

47. Slide 47: Renewables assets in Poland

    Renewables Renewables assets in Poland Wind parks1 Onshore wind parks1 E.ON share 1 2 4 Share- Consoli- Capacity % Pro rata Accounting Start-up 2 holders dation (net MW) (MW) (MW) date 5 1 Lebcz 1 edis 2 8 67 5 8 2007 3 2 Lebcz 2 edis 2 10 67 7 10 2008 3 Wielkopolska E.ON 2 53 100 53 53 2010 4 Barzo

48. Slide 48: Renewables assets in U.K. (1)

    Renewables Renewables assets in U.K. (1) Renewables assets1 Onshore wind parks1 E.ON share Share- Consoli- Capacity Pro rata Accounting Start-up 2 3 Holders dation (net MW) % (MW) (MW) date ROCs 1 Askam E.ON 2 5 100 5 5 1999 1 19 2 Stags Holt 5A E.ON 2 20 100 20 20 2010/07 1 20 3 Bowbeat E.ON 2 31 1

49. Slide 49: Renewables assets in U.K. (2)

    Renewables Renewables assets in U.K. (2) Renewables assets1 Offshore wind parks and biomass plants1 E.ON share Share- Consoli Capacity Pro rata Accounting Start-up 2 3 holders -dation (net MW) % (MW) (MW) date ROCs Biomass 1 Steven's Croft E.ON 2 43 100 43 43 2011 2 2 Ironbridge E.ON 2 740 100 740 7

50. Slide 50: Renewables assets in Denmark and Sweden (1)

    Renewables Renewables assets in Denmark and Sweden (1) Locations in Sweden1 Hydro1 E.ON share Shareholders Consoli- Capacity % Pro rata Accounting Start-up 3 dation (net MW) (MW) (MW) date 1 Bålforsen E.ON Sverige 2 88 100 88 88 1958 2 Bergeforsen E.ON Sverige/ Vattenfall 3 155 43 67 0 1959 3 Blåsjö

51. Slide 51: Renewables assets in Denmark and Sweden (2)

    Renewables Renewables assets in Denmark and Sweden (2) Wind parks1 Onshore and offshore wind parks1 E.ON share Share- Consoli- Capacity % Pro rata Accounting Start-up 2 holders dation (net MW) (MW) (MW) date Onshore wind 1 Boel E.ON 2 2 100 2 2 2001 2 Lundåkra 1 & 2 E.ON 2 4 100 4 4 2003 3 Lundåkra

52. Slide 52: Renewables assets in US

    Renewables Renewables assets in US Renewables assets1 Onshore wind parks1 E.ON share 4 13 Share- Consoli- Capacity % Pro rata Accounting Start-up PPA % 2 holders dation (net MW) (MW) (MW) date 14 1 Forest Creek E.ON 2 124 100 124 124 2007 100% 2 Sand Bluff E.ON 2 90 100 90 90 2008 0% 3 Munnsville E.

53. Slide 53: E.ON Exploration & Production

    E.ON Exploration & Production Rita – Babbage – Elgin Franklin – Huntington – Njord – Skarv – Yuzhno Russkoye

54. Slide 54: E&P – Business snapshot

    E&P E&P – Business snapshot 2010-2013 EBITDA & EBIT  E&P business commenced in 2003 after €bn EBITDA EBIT acquisition of Ruhrgas by E.ON 1.0  Major portfolio development steps: Elgin- Franklin (2003), Njord (2003 & 2005), Caledonia (2005), Skarv (2007) and Yuzhno Russkoye (2009) 0.0  Focus on sel

55. Slide 55: North Sea

    E&P North Sea Assets in operation1 and under construction Norwegian Sea Interest in % Skarv/Idun 28 Njord 30 Hyme 17.5 Central North Sea Interest in % Elgin/Franklin 5.2 Scoter 12.0 West Franklin 5.2 Merganser 7.9 Glenelg 18.6 Huntington 25 Southern North Sea Interest in % Rita 74.0 Ravenspurn North

56. Slide 56: Oil and gas production

    E&P Oil and gas production Production North Sea movements in 2P reserves1 mm boe bcm Mboe 60 9.7 Reserves at start of 2013 213 + Revisions -16 + Improved recovery 40 6.5 + Discoveries 6 - Production -17 + Purchases of reserves 20 3.2 = Reserves at end of 2013 186 0 0.0 2007 2008 2009 2010 2011 2012

57. Slide 57: North Sea Production

    E&P North Sea Production Production (E.ON share net volumes) Liquids and Gas Liquids Gas 2012 2013 2012 2013 2012 2013 Field mboe mboe mboe mboe mboe mboe Huntington 0 0.82 0 0.74 0 0.08 Elgin Franklin 0.53 0.57 0.26 0.30 0.27 0.27 Babbage 0.90 0.82 0 0 0.90 0.82 Johnston 0.33 0.38 0 0 0.33 0.38 Oth

58. Slide 58: North Sea 2P Reserves

    E&P North Sea 2P Reserves Reserves (E.ON share net volumes) Liquids and Gas Liquids Gas 2012 2013 2012 2013 2012 2013 Field mboe mboe mboe mboe mboe mboe Huntington 6.10 5.11 5.58 4.6 0.52 0.51 Elgin Franklin 25.10 24.82 10.78 10.5 14.32 14.32 Babbage 9.60 7.16 0 0 9.60 7.16 Johnston 2.30 2.98 0 0 2

59. Slide 59: Russia

    E&P Russia Yuzhno Russkoye Yuzhno Russkoye  E.ON share 25% Production  Start of production Q4/2007  Total production 2013: 6.25 BCM (25%)  Plateau production of approximately 25 bcm/a (100%) Reserves  Proven and probable reserves of ca. 6101 billion m³ or at least 35 years of production 1. Acco

60. Slide 60: E.ON Global Commodities

    E.ON Global Commodities Proprietary Trading – Optimization – Storage & Transport

61. Slide 61: Global Commodities – Business snapshot

    Global Commodities Global Commodities – Business snapshot 2010-2013 EBITDA & EBIT  E.ON Global Commodities acts as the €bn EBITDA EBIT central commodity risk manager and asset 2.5 optimizer, managing up to 90% of unregulated energy commodity price risks 1.5 for the E.ON Group 0.5  Identifies and c

62. Slide 62: Power & Carbon trading and optimization

    Global Commodities Power & Carbon trading and optimization E.ON Trading offices & exchanges Generation capacity optimized by EGC 24 23 22 U.S.: 2.7 GW (onshore wind) E.ON trading floor E.ON trading floor Exchange E.ON dispatch office 11 Nordic: 6.8 GW Netherlands: 3.3GW Germany: 12.7GW UK: 7.5GW 5 2

63. Slide 63: Gas trading

    Global Commodities Gas trading Gas hubs: where is E.ON active EGC trades Gas via OTC and at the major energy exchanges, including EEX (DE), APX (UK and NL), Endex (BE and NL), Powernext (FR), ICE (UK), and NYMEX (US). Henry Hub Russia Norway NL GTF GasP TTF NBP Russia ZEE NCG PEG CEGH PEG PSV TIGF L

64. Slide 64: LNG regas capacity

    Global Commodities LNG regas capacity LNG total capacity (bcm/a) Current capacity by terminal 8 LNG terminals (E.ON capacity) 6 4 Isle of Grain Gate 2 (1.7 bcm) (3 bcm) 0 Barcelona OLT/Livorno (access) (47%shareholding) 2009A 2010A 2011A 2012A 2013A Huelva Spain Netherlands UK (access) 64

65. Slide 65: Coal & Freight trading

    Global Commodities Coal & Freight trading International steam coal imports by country 2013 (In Megatons)1 4.1 0.9 5.6 0.2 6.0 0.2 1.9 19 MT total 1. Physical steam coal volumes imported by E.ON Global Commodities for E.ON own use only – does not include coal volumes procured from Germany, UK and Spa

66. Slide 66: Gas Storage

    Global Commodities Gas Storage Gas storage asset map Gas storage capacities (bcm)1 Etzel EGL Etzel ESE Germany Krummhörn 12 Nüttermoor Epe H-Gas 9 Epe L-Gas 6 Stockstadt Hähnlein 3 Sandhausen UK 0 200 8A 200 9A 201 0A 201 1A 201 2A 201 3A Austria Ger ma ny Austria UK Hunga ry 7Fields 1. As of Decemb

67. Slide 67: Gas storage - Asset portfolio

    Global Commodities Gas storage - Asset portfolio Germany Withdrawal Rate (MWh/h) Injection Rate (MWh/h) Working Capacity (GWh) Application 1 Bierwang 13,440 8,960 15,680 Mainly seasonal use 2 Breitbrunn 5,824 2,800 11,110 Seasonal use 3 Epe H-Gas 19,720 13,920 17,574 Peak shaving and seasonal use 4

68. Slide 68: Gas transport - Infrastructure shareholdings

    Global Commodities Gas transport - Infrastructure shareholdings Main pipeline assets Main infrastructure shareholdings1 Capacity Start-up Share Shareholding bcm/a date held (%)2 BBL Company V.O.F. 16 2006 20 Nord Stream AG3 55 2011/2012 15.5 Nord Stream OPAL 36.5 2011 20 Trans Adriatic Pipeline AG 1

69. Slide 69: Germany

    Germany Distribution – Sales – Distributed Energy

70. Slide 70: Germany – Business snapshot

    Germany Germany – Business snapshot 2010-2013 EBITDA  The segment groups activities in the fields €bn EBITDA EBIT of power & gas distribution networks, sales and distributed energy solutions in 2 Germany  Distribution: leading player in the German 1 distribution grid landscape with four 0 network

71. Slide 71: Market overview - Power

    Germany Market overview - Power Market structure1 Key figures power market E.ON Overall shareholdings1,3 market2 Number of companies Power supplied 160.4 billion kWh 590 billion kWh Customers 5.26 million 45.4 million Generators (> 100 MW) ~ 300 Generation output 1.3 billion kWh - (Oil/gas, hydro, G

72. Slide 72: Market overview - Gas

    Germany Market overview - Gas Market structure1 Key figures gas market1 E.ON Overall Imports Domestic production shareholdings1,2 market3 1,037 billion kWh 116 billion kWh Gas supplied 474.1 billion kWh 1,152 billion kWh Customers 0.86 million 21.14 Wholesaler Gas demand - 956 billion kWh Over 890 r

73. Slide 73: Activities in power and gas distribution

    Germany Activities in power and gas distribution E.ON’s German power and gas distribution system Major shareholdings1 Interest (%) E.ON Hanse AG 68.0 E.DIS AG 65.5 Avacon AG 63.3 Bayernwerk AG 100.0 Berlin Key data gas 2013 Network length 59,000 km Market share (based on network length) ~14% Gas Vol

74. Slide 74: Regulation – General basics

    Germany Regulation – General basics Process steps of regulatory system  Revenue cap incentive regulation Cost Audit  Cost audit and benchmarking once per + every 5 years regulatory period (5 years) Benchmarking  Total costs of historic base year basis for benchmarking & revenue cap  Efficiency l

75. Slide 75: Regulation – Regulatory schedule

    Germany Regulation – Regulatory schedule Power distribution1 Comments 1st regulatory period 2nd regulatory period 3rd  Cost of base year 2011 is basis for allowed revenues from 2014 onwards  Regulatory cost audit and benchmarking took place from mid 2012 to end 2013  Replacement investments in th

76. Slide 76: Regulation – Cost base

    Germany Regulation – Cost base Composition of cost base Cost base = Allowed  Cost structure of efficient system operator OPEX  Including actual cost of debt + Allowed  Equity financed part of the Regulated Asset Base Return on equity up to a maximum equity level of 40% multiplied with 9.05% (nomi

77. Slide 77: Activities in the sales market

    Germany Activities in the sales market Sales market Major shareholdings1 Interest (%) E WIE EINFACH GmbH 100.0 E.ON Energie Deutschland GmbH 100.0 Energy solutions E WIE EINFACH E.ON offers new services and innovative solutions e.g.  photovoltaik  smart meter  smart home  e-mobilit,  EEG-Direkt

78. Slide 78: Other EU Countries

    Other EU Countries U.K. – Sweden – Italy – Spain – France – Netherland – Hungary – Czechia – Slovakia - Romania

79. Slide 79: Other EU Countries – Business snapshot

    Other EU Countries Other EU Countries – Business snapshot 2010-2013 EBITDA  Other EU Countries include the power & €bn EBITDA EBIT gas distribution networks, sales, and 2 distributed energy solutions businesses in 10 EU countries outside Germany 1  Significant market share of up to 60% in some dis

80. Slide 80: E.ON U.K.

    E.ON U.K. Market overview - Activities

81. Slide 81: Market Overview - Power – U.K.

    Other EU Countries – U.K. Market Overview - Power Power market structure1 Key figures power market1 E.ON Overall Generation2 shareholdings market Power supplied (excl. power ~69 CHP Schemes (at >10 MWe) in operation, plus large market) 49.7 billion kWh 305 billion kWh number of smaller operators. Re

82. Slide 82: Market Overview - Gas – U.K.

    Other EU Countries – U.K. Market Overview - Gas Gas market structure Key figures power market1 E.ON Overall shareholdings market Gas Supplied 66.3 billion kWh 588 billion kWh Residential Customer Accounts2 2.9 million 22.5 million Power customer accounts 3 0.13 million Small & medium enterprises Tot

83. Slide 83: Activities in the retail market – U.K.

    Other EU Countries – U.K. Activities in the retail market Retail market Major shareholdings Interest (%) n/a n/a n/a n/a Other activities  Smart metering: on track to deliver one million smart meters by the end of 2015  Community energy:  Market leader in the UK for the development of decentraliz

84. Slide 84: E.ON Sweden

    E.ON Sweden Market overview – Activities

85. Slide 85: Market overview - Power – Sweden

    Other EU Countries – Sweden Market overview - Power Power market structure Key figures power market1 Generation1 Sweden E.ON Overall ~370 operators (Vattenfall, Fortum, Statkraft, E.ON and shareholdings market 2012 DONG account for ~50 % of the market)2 2013 Power supplied 14.8 billion kWh 142.2 bil

86. Slide 86: Market overview - Gas – Sweden

    Other EU Countries – Sweden Market overview - Gas Gas market structure Key figures gas market1 Sweden Denmark Finland Sweden E.ON Overall shareholdings market 2012 Production Production Production 2013 Gas supplied 2.9 billion kWh 12.9 billion kWh2 No indigenous 1 main operator (>90% No indigenous C

87. Slide 87: Activities in the power and gas distribution market – Sweden

    Other EU Countries – Sweden Activities in the power and gas distribution market Network area – Power Network area – Gas Key data 2013 Key data 2013 Network length 134,400 km Network length 1,855 km ~1600 km Market share Market share (based on ~24% (based on ~60% network length) network length) Energ

88. Slide 88: Regulation at a glance - Regulation competencies – Sweden

    Other EU Countries – Sweden Regulation at a glance - Regulation competencies Regulatory Authority Political authorities Authority: Energimarknadsinspektionen (EI) Website: www.ei.se Secretary of Energy and Enterprises Supervisor: Ministry of Enterprise, Energy & Communications  Proposes energy act

89. Slide 89: Price regulation of distribution – Sweden

    Other EU Countries – Sweden Regulation at a glance - Price regulation of distribution Price Regulation Power - Overview Price Regulation Power – Key cost factors  Method: revenue cap  RAB valued from standard costs for full replacement values Basics  Regulation period: 2012-2015  Regulated retur

90. Slide 90: Regulation at a glance - Quality regulation – Sweden

    Other EU Countries – Sweden Regulation at a glance - Quality regulation Quality regulation  Quality adjustment within the ex ante model Quality factor with +-3% revenues based on unplanned and planned SAIDI & SAIFI values (Regional grid: ENS). Within the regulation model.  Outage fees Major penalt

91. Slide 91: Sweden – Natural gas market

    Other EU Countries – Sweden Sweden – Natural gas market Gas market in Sweden Key facts  Gas represents 7 percent of total energy supply in the Nordic region, while at the national level, it comprises somewhat 2 percent of Sweden’s total energy supply1 Stockholm  The 390 km national gas transmissio

92. Slide 92: Activities in the district heating market – Sweden

    Other EU Countries – Sweden Acvitivities in the district heating market Locations District heating market (TWh) District heating supplies 2012 53 E.ON district heating supply 2013 7 1. Source Svensk fjärrvärme, 2012. 2. As of December 31, 2013. E.ON’s district heating activities in Sweden  #2 on th

93. Slide 93: Activities in the retail market – Sweden

    Other EU Countries – Sweden Activities in the retail market Swedens retail market Major shareholdings1 Interest (%) Oskarshamn Energi AB 50,0% Price Area 1 2 000 customers Elverket Vallentuna AB 43,4% Kalmar Energi Försäljning AB 40,0% Price Area 2 75 000 customers Energy solutions Energy efficiency

94. Slide 94: E.ON Italy

    E.ON Italy Market overview – Activities

95. Slide 95: Market overview - Power – Italy

    Other EU Countries – Italy Market overview - Power Power market structure1 Key figures power market E.ON Overall Generation2 shareholdings1 Market2 Over 2,700 operators. TOP 5 (Enel, a2a, Edison, ENI, and E.ON) account for c. 56% of the market, equal to c. 116.5 GW Power supplied 7.2 billion kWh 264

96. Slide 96: Market overview - Gas – Italy

    Other EU Countries – Italy Market overview - Gas Gas market structure1 Key figures power market Production & Import E.ON Overall Production: c. 13% of total demand. 10 operators (ENI 82.6%) shareholdings1 market2 Import: c. 89% of demand (pipeline 89% - LNG 11%) Over 40 operators. ENI + Edison + ENE

97. Slide 97: Activities in the retail market – Italy

    Other EU Countries – Italy Activities in the retail market Retail market Shareholdings1 Interest (%) E.ON Energia SpA 100.0% Somet 60.0% GEI SpA 48.9% Amga - Azienda Multiservizi Spa 21.9% Energy solutions  Energy efficiency audit for I&C and SME customers  White certificate (WhC) collection and m

98. Slide 98: E.ON Spain

    E.ON Spain Market overview – Activities

99. Slide 99: Market overview - Power – Spain

    Other EU Countries – Spain Market overview - Power Power market structure Key figures power market 1 Generation E.ON Overall Shareholdings Market 2 Over 44 operators in Ordinary Regime. TOP 5 Generation Companies: Endesa, Iberdrola, Gas Natural Fenosa, EDP and Power supplied 6.8 TWh 248.9 TWh E.ON)

100. Slide 100: Market overview - Gas – Spain

     Other EU Countries – Spain Market overview - Gas Gas market structure Key figures gas market 1 Generation E.ON Overall Shareholdings Market 2 Over 99.9% of the Gas in the Spanish market is imported. Gas supplied 5.6 TWh 361.6 TWh Customer Accounts 27,905 7,398,013 Transmission Main player: Enagas Di

101. Slide 101: Activities in the retail market – Spain

     Other EU Countries – Spain Activities in the retail market Power retail market Gas retail market ≥ 5.000 supply points ≥ 1.000 supply points Shareholdings power market1 Interest (%) E.ON Energía, S.L 100.00% E.ON Comercializadora Ultimo Recurso, S.L.U. 100.00% 1. As of December 31, 2013 101

102. Slide 102: Activities in the distribution market – Spain

     Other EU Countries – Spain Activities in the distribution market E.ON´s power distribution system in Spain Shareholdings power market1 Interest (%) E.ON Distribución, S.L.U. 100.00% Barras Eléctricas Galaico-Asturianas, 54.95% S.A. Key data 2013 Network length 32,052 Market share (based on network l

103. Slide 103: Regulation at a glance - Regulation competencies – Spain

     Other EU Countries – Spain Regulation at a glance - Regulation competencies Regulatory Authority Political authorities Authority: Comisión Nacional de los Mercados y la Competencia Authority: Secretary of Energy (Ministry of Industry, Energy & Tourism) Website: www.cnmc.es Website: www.minetur.es Su

104. Slide 104: Regulation at a glance - Power distribution – Spain

     Other EU Countries – Spain Regulation at a glance - Power distribution Regulation Power - Overview Regulation Power – Key cost factors  Method: revenue cap  2013 & 2014 Transition Period  Transition Framework: 2013 & 2014 based on  Financial Remuneration Rate ’13 historical remuneration  Until

105. Slide 105: E.ON France

     E.ON France Market overview – Activities

106. Slide 106: Market overview - Power – France

     Other EU Countries – France Market overview - Power Power market structure1 Key figures power market1 E.ON Overall Generation1 Shareholdings market EDF, GDF Suez, E.ON representing approx. 90% of market + smaller Power supplied 9.1 TWh 430 TWh electricity generators Customer Accounts 1372 35.3 milli

107. Slide 107: Market overview - Gas – France

     Other EU Countries – France Market overview - Gas Gas market structure Key figures gas market1 E.ON Overall shareholdings market Production Main Operator: Total SA Gas supplied 2.7 TWh 520 TWh Customers 4022 11.4 million Transmission 2 operators (GRTGaz, TIGF) Storage 2 operators (Total SA, Storengy

108. Slide 108: Activities in the retail market – France

     Other EU Countries – France Activities in the retail market Retail market Shareholdings1 Interest (%) E.ON Energie 100.00 SNET 100.00 Energy solutions • Demand side management: service to industrial customers to manage and optimize the flexibility in their consumption (e.g. by interrupting productio

109. Slide 109: E.ON Netherlands

     E.ON Netherlands Market overview – Activities

110. Slide 110: Market overview - Power – Netherlands

     Other EU countries - Netherlands Market overview - Power Power market structure1 Key figures power market2 The Netherlands Belgium E.ON Overall shareholdings market Generation1 Generation1 Generation1 Power supplied 11.6 TWh 183 TWh Electrabel, Essent (RWE, Electrabel, SPE, E.ON Customers 167,943 13

111. Slide 111: Market overview - Gas – Netherlands

     Other EU countries - Netherlands Market overview - Gas Gas market structure Key figures gas market1,2 The Netherlands Belgium E.ON Overall shareholdings market Production Production Gas supplied 5.0 TWh 406 TWh No gas production, import Customers 181,308 10.2 million GasTerra only Transmission Trans

112. Slide 112: Activities in the retail market – Netherlands

     Other EU countries - Netherlands Activities in the retail market Retail market Shareholdings1 Interest (%) E.on Benelux Levering B.V. 100% E.on Belgium N.V. 100% Energy solutions  Real time monitoring of energy consumption and remote on/off switching of electrical appliances for private households

113. Slide 113: E.ON Hungary

     E.ON Hungary Market overview – Activities

114. Slide 114: Market overview - Power – Hungary

     Other EU Countries – Hungary Market overview - Power Power market structure1 Key figures power market1 E.ON Overall Generation1 Shareholdings market MVM, GDF Suez and RWE account for ~80% of the market Power supplied1 11.7 TWh 35.2 TWh E.ON Hungary account for ~1 % of the market Customer Accounts2 2

115. Slide 115: Market overview - Gas – Hungary

     Other EU Countries – Hungary Market overview - Gas Gas market structure Key figures gas market1 E.ON Overall Production, import Shareholdings market Significant natural gas import (77%, mainly MFGK) and domestic Gas supplied 9.1 TWh 87.2 TWh production of MOL (23%). Customers2 0.6 million 3.4 millio

116. Slide 116: Activities in the power distribution market – Hungary

     Other EU Countries – Hungary Activities in the power distribution market E.ON´s power distribution system Shareholdings power market1 Interest (%) Electricity Vol. Grid Counduct 44,9 Majority shareholdings Key data 2013 Network length (km) 83 871 Market share (based on network length) (%) 51,9 % Ele

117. Slide 117: Activities in the gas distribution market – Hungary

     Other EU Countries – Hungary Activities in the gas distribution market E.ON´s gas distribution system Shareholdings gas market1 Interest (%) Gas Vol. Grid Counduct 18,6 Majority shareholdings Key data 2013 Network length (km) 17 706 Market share (based on network length) 22,0 % (%) Gas Vol. Grid Con

118. Slide 118: Regulation at a glance - Regulation competencies – Hungary

     Other EU Countries – Hungary Regulation at a glance - Regulation competencies Regulatory Authority Political authorities Authority: Magyar Energetikai- és Közmű-Szabályozási Hivatal Ministry of National Development Website: www.mekh.hu  Proposes energy acts Supervisor: Ministry of National Developm

119. Slide 119: Price regulation of distribution (power) – Hungary

     Other EU Countries – Hungary Regulation at a glance - Price regulation of distribution Price Regulation Power - Overview Price Regulation Power –Key cost factors  Method: modified price cap with real quantity  Regulated return on RAB (pre-tax): 6.23% acceptation with year-2 Q  Regulatory asset va

120. Slide 120: Price regulation of distribution (gas) – Hungary

     Other EU Countries – Hungary Regulation at a glance - Price regulation of distribution Price Regulation Gas - Overview Price Regulation Gas – Key cost factors  Method: price cap  Regulated return on RAB (pre-tax): Basics  Regulation period: 2010-2013 period is extended till different for USP and

121. Slide 121: Activities in the retail market – Hungary

     Other EU Countries – Hungary Activities in the retail market Retail market Shareholdings1 Interest (%) Power competitive market 34 Gas competitive market 6 Power regulated market 45 Gas regulated market 17 Energy solutions  Smart metering (pilot project)  E.ON „HomeAngel” - Insurance for household

122. Slide 122: E.ON Czech

     E.ON Czech Market overview – Activities

123. Slide 123: Market overview - Power – Czech

     Other EU Countries – Czech Market overview - Power Power market structure Key figures power market1 E.ON Overall Generation shareholdings Market2 Power supplied1 10.0 billion kWh 53.1 billion kWh ~23,000 operators with licence from ERO (Energy Regulatory Office) Customer Accounts3 1,194,000 5,842,00

124. Slide 124: Market overview - Gas – Czech

     Other EU Countries – Czech Market overview - Gas Gas market structure Key figures gas market1 E.ON Overall Production shareholdings market2 Gas supplied1 17.2 billion kWh 87.9 billion kWh Czechia imports almost all natural gas Customers3 630,000 2,857,000 Transportation NET4GAS independent operator

125. Slide 125: Activities in the power distribution market – Czech

     Other EU Countries – Czech Activities in the power distribution market E.ON´s power distribution system in CZ Shareholdings power market1 Interest (%) E.ON Czech Holding AG 100.0 E.ON Distribuce, a.s. (power and gas) 100.0 E.ON Energie, a.s. (power and gas) 100.0 E.ON Česká republika, s.r.o. 100.0 E

126. Slide 126: Activities in the gas distribution market – Czech

     Other EU Countries – Czech Activities in the gas distribution market E.ON´s gas distribution system in CZ Shareholdings gas market1 Interest (%) E.ON Distribuce, a.s. (power and gas) 100.0 E.ON Energie, a.s. (power and gas) 100.0 E.ON Česká republika, s.r.o. 100.0 Prazská Plynárenská, a.s. (gas) 49.

127. Slide 127: Regulation at a glance - Regulation competencies – Czech

     Other EU Countries – Czech Regulation at a glance - Regulation competencies Regulatory Authority Political authorities Authority: Energetický regulační úřad (ERÚ) Website: www.eru.cz Secretary of Industry and Trade Supervisor: President of the Czech Republic Competencies  Proposes energy act  Issu

128. Slide 128: Price regulation of distribution (power) – Czech

     Other EU Countries – Czech Regulation at a glance - Price regulation of distribution Price Regulation Power - Overview Price Regulation Power – Key cost factors  Method: revenue cap  Regulated return on RAB (pre-tax): 6.7%  Regulation period: 2010-2014 (3rd)  Revaluation for old assets at 3% (st

129. Slide 129: Price regulation of distribution (gas) – Czech

     Other EU Countries – Czech Regulation at a glance - Price regulation of distribution Price Regulation Gas - Overview Price Regulation Gas – Key cost factors  Method: revenue cap  Regulated return on RAB (pre-tax): 7.1%  Regulation period: 2010-2014 (3rd)  Revaluation for old assets at 3% (starti

130. Slide 130: E.ON Slovakia

     E.ON Slovakia Market overview – Activities

131. Slide 131: Market overview - Power – Slovakia

     Other EU Countries – Slovakia Market overview - Power Power market structure Key figures power market E.ON Overall Generation shareholdings1 market2 1 main producer: Slovenské elektrárne (ENEL); ZSE Power supplied 6.3 TWh 28.8 TWh Energia (small water plants) Customers 0.89 mil. approx. 2 million +

132. Slide 132: Market overview - Gas – Slovakia

     Other EU Countries – Slovakia Market overview - Gas Gas market structure Key figures gas market E.ON Overall Generation shareholdings1 market2 No. Gas supplied 0.75 TWh 53 TWh Customers 0.03 mil. approx. 1.5 million Transmission 1 operator: EUSTREAM Distribution 1 main operator: SPP distribúcia Shar

133. Slide 133: Activities in the power distribution market – Slovakia

     Other EU Countries – Slovakia Activities in the power distribution market E.ON´s power distribution system Shareholdings power distribution market1 Interest (%) Západoslovenská distribučná, a.s. 49% Majority shareholdings ZSE/E.ON Key data 2013 Network length 37,0 ths. km Market share (based on netw

134. Slide 134: Regulation at a glance - Regulation competencies – Slovakia

     Other EU Countries – Slovakia Regulation at a glance - Regulation competencies Regulatory Authority Political authorities Authority: Úrad pre reguláciu sieťových odvetví (ÚRSO) Ministry of Economy Website: www.urso.gov.sk  Proposes the primary legislation (Act on Energy, Supervisor: President of th

135. Slide 135: Price regulation of distribution (gas) – Slovakia

     Other EU Countries – Slovakia Regulation at a glance - Price regulation of distribution Price Regulation Gas - Overview Price Regulation Gas – Key cost factors  Method: price cap  Regulated return on RAB (pre-tax): revaluated Basics  Regulation period: 2012-2016 annually (6,04% for 2012 and 2013,

136. Slide 136: Activities in the retail power and gas market – Slovakia

     Other EU Countries – Slovakia Activities in the retail power and gas market Power retail market Shareholdings power market1 Interest (%) ZSE Energia, a.s. 49% Energy solutions  Dual commodities offer  Energy efficiency - Improve customer loyalty and satisfaction through wider product portfolio  V

137. Slide 137: E.ON Romania

     E.ON Romania Market overview – Activities

138. Slide 138: Market overview - Power – Romania

     Other EU Countries – Romania Market overview - Power Power market structure Key figures power market1 Generation E.ON Overall  Main active operators: Hidroelectrica SA, Nuclearelectrica SA, CE Oltenia, OMV Petrom, CE Hunedoara, Elcen, Enel Green Power, Others shareholdings1 market2  Overall 2012:

139. Slide 139: Market overview - Gas – Romania

     Other EU Countries – Romania Market overview - Gas Gas market structure Key figures gas market Production E.ON Overall  Overall 2012: domestic production (75.7%), import (24.3%);  Domestic production: 6 producers, Romgaz (50.1%) + OMV Petrom shareholdings1 market2 (47.3%) account for 97.4% of dome

140. Slide 140: Activities in the power distribution market – Romania

     Other EU Countries – Romania Activities in the power distribution market E.ON´s power distribution system Shareholdings power market1 Interest (%) E.ON Moldova Distributie SA 51% Majority shareholdings Key data 2013 Network length 80.489 km Market share (based on network length) 17% Electricity Vol.

141. Slide 141: Activities in the gas distribution market – Romania

     Other EU Countries – Romania Activities in the gas distribution market E.ON´s gas distribution system Shareholdings gas market1 Interest (%) E.ON Gaz Distributie SA 51% Majority shareholdings Key data 2013 Network length 20,300 km Market share (based on network length) - Gas Vol. Grid Conduct (TWh)

142. Slide 142: Regulation at a glance - Regulation competencies – Romania

     Other EU Countries – Romania Regulation at a glance - Regulation competencies Regulatory Authority Political authorities Authority: Autoritatea Nationala de Reglementare in domeniul Energiei (ANRE) Ministry of Economy Website: www.anre.ro Supervisor: Parliament  Proposes energy act Competencies  S

143. Slide 143: Price regulation of distribution (gas) – Romania

     Other EU Countries – Romania Regulation at a glance - Price regulation of distribution Price Regulation Gas - Overview Price Regulation Gas – Key cost factors  Method: price cap  Regulated return on RAB (pre-tax): 8.5%  Regulation period: 2008-2012 (2nd)  RAB: depreciated asset base based revalu

144. Slide 144: Price regulation of distribution (gas) – Romania

     Other EU Countries – Romania Regulation at a glance - Price regulation of distribution Price Regulation Gas - Overview Price Regulation Gas – Key cost factors  Method: price cap  Regulated return on RAB (pre-tax): 8.6%   RAB: depreciated asset base based revaluated with Basics Regulation period:

145. Slide 145: Activities in the retail market – Romania

     Other EU Countries – Romania Activities in the retail market Retail market Shareholdings1 Interest (%) E.ON Energie Romania 51% Energy solutions  Technical consultancy for access to the distribution network  Energy consulting: energy audit, E.ON Data, thermography Majority shareholdings 1. As of D

146. Slide 146: E.ON Russia

     E.ON Russia Surgutskaya – Yavinskaya – Shaturskaya – Smolenskaya - Berezovskaya

147. Slide 147: E.ON Russia – Business snapshot

     E.ON Russia E.ON Russia – Business snapshot 2010-2013 EBITDA  E.ON is the majority shareholder (83.7%) €bn EBITDA EBIT of E.ON Russia – shares are listed at 0.8 MICEX Stock Exchange 0.6  E.ON Russia is acting in the wholesale 0.4 electricity market - it generates and trades 0.2 electric and heat p

148. Slide 148: Location of generation assets

     E.ON Russia Location of generation assets Asset portfolio Smolenskaya GRES Smolensk region Yaivinskaya GRES Perm region Surgutskaya GRES-2 Tyumen region Shaturskaya GRES Moscow region Brezovskaya GRES Krasnoyarsk region Region with E.ON position Second pricing zone First pricing zone Energy System o

149. Slide 149: Generation assets

     E.ON Russia Generation assets E.ON Russia electric power stations1 E.ON share Capacity Load factor Capacity Pro rata Accounting Start-up Efficiency Shareholders Fuel Type payments: % (net MW) % % (MW) (MW) date KOM 20133 1 Surgutskaya GRES-2 E.ON Gas 4,680 81 41 142 027 83,73 3,919 4 680 1985-1988 S

150. Slide 150: ENEVA

     ENEVA Generation - Exploration & Production

151. Slide 151: ENEVA – Business snapshot

     ENEVA ENEVA – Business snapshot Revenue & EBITDA Q1-Q4 2013  ENEVA is a Brazil based power generator BRLbn Revenue EBITDA and trading company on complementary 0.4 Tausende business interest in natural gas exploration and production 0.2  E.ON owns ~38% and performs joint 0.0 control over the compan

152. Slide 152: Location of generation assets – ENEVA

     ENEVA Location of generation assets – ENEVA1 Assets in operation and under construction 1 Amapari 8 Parnaiba II (diesel) 23 MW (gas) ENEVA assets 517 MW Power plants in operation (~2.4GW) 1 5 Itaqui Power plants under construction (~0.5GW) (coal) 5 Parnaiba Basin gas fields 8 6 360 MW 2 7 3 4 Seival

153. Slide 153: Generation assets

     ENEVA Generation assets Power stations ENEVA share Annual Shareholder capacity Capacity Pro rata Accounting Start-up Fuel type payments1 % s In Operation (R$m/year) (net MW) (MW) (MW)3 date Pecém I Coal ENEVA/EDP 598 720 50 360 - 2013 Pecém II Coal ENEVA 283 365 100 365 365 2013 ENEVA/ Amapari Diese

154. Slide 154: Enerjisa

     Enerjisa Generation – Distribution - Sales

155. Slide 155: Enerjisa – Business snapshot

     Enerjisa Enerjisa – Business snapshot 2009-2012 Revenue & EBITDA  Enerjisa is a Joint Venture of Sabanci TRYbn Revenue EBITDA Holding and E.ON SE – both hold a 50% stake 4.0  Business activities in generation, 2.0 distribution, wholesale and retail sales in the Turkish electricity sector 0.0  2.6

156. Slide 156: Location of generation assets and distribution networks

     Enerjisa Location of generation assets and distribution networks Enerjisa´s1 distribution networks Enerjisa´s1 generation portfolio Ayedas2 Subscribers: 2.5 m Consumption: 7.2 TWh G Başkent2 G GG H H W W Subscribers: 3.7 m Consumption: 10 TWh HL H H H H H H H H H HH H H H W G H G H Toroslar2 Subscri

157. Slide 157: Enerjisa generation assets in Turkey

     Enerjisa Enerjisa1 generation assets in Turkey Power stations Enerjisa share Type of Capacity Pro rata Accounting Start-up Project location Fuel Type Efficiency Shareholders Consolidation % HEPPs (net MW) (MW) (MW) date In operation Bandirma-I Gas >59% Enerjisa Full 936 100 936 936 2010 Kentsa Gas 4

E.ON — Investor Presentation (March 2014) on 6ix