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Creating the future of energy
FY 2018 Results 13th March 2019
DisciplineFocusGrowth
Strong delivery of FY 2018 results E.ON FY 2018 results
Top end of 2018 guidance range achieved
Dividend 2018 increases >40% to €0.43/share
Preparation of takeover of innogy fully on track
Upgrading network capex to fuel accelerated RAB growth
Predictability — Outlook 2018-2020 confirmed, commitment to annual DPS growth
Visibility — Fixed dividend of €0.46/share to be proposed for 2019
HighlightsHighlights
2
3,074
1,427
2,989
1,505
Adj. Net IncomeEBIT
FY 2017 FY 2018
Key Financials1Key Financials1
€ m
1. Adjusted for non operating effects
Economic Net Debt
19.2
16.6
€ bn
!
!
!
€2.8-€3.0bn
€1.3-€1.5bn
Guidance Range
Continuous track record of delivery
1. Adjusted for non operating effects.
2016 2017 2016 2018
5.3x
3.9x3.4x
€26.3bn
€19.2bn€16.6bn
~€10bn
2016 2018
€2.7-€3.1bn
€2.8-€3.1bn
€0.6-€1.0bn
€1.2-€1.45bn
€3.1bn €3.1bn
€0.9bn
€1.4bn
EBIT1 vs. guidance EBIT1 vs. guidance Adj. Net Income1 vs. guidanceAdj. Net Income1 vs. guidance Deleveraging achieved –Significant reduction of END
Deleveraging achieved –Significant reduction of END
2018
€2.8-€3.0bn
€3.0bn
2017
€1.3-€1.5bn
€1.5bn
3
Guidance Range
E.ON FY 2018 results
2017
Dividend continues to grow
Dividend per share growth
2018 & 2019: Fixed Dividend
€0.21
FY 2017Dividend
FY 2016 Dividend
€0.30
€0.431,3
FY 2018Dividend
€0.462,3
FY 2019Dividend
FutureDividends
1. Fixed for FY 2018 (paid in 2019) 2. Fixed for FY 2019 (paid in 2020) 3. Dividend proposals in line with existing dividend policy
Commitment toannual DPS
growth
4
E.ON FY 2018 results
Energy Networks – Proven efficiency leadership
E.ON excels in efficiency benchmarkingAll DSOs 100% efficient1
General efficiency factor
Reduction of general efficiency factorFrom 1.5% 0.9%
Cost audit
Cost audit successfully completed
Proof of E.ON‘s leading operational excellence
Individual efficiency factor
1. Two DSOs exceed 100% efficiency and will receive a bonus of 1% of controllable costs p.a. as additional allowed revenue2. 204 DSOs have been included in the benchmarking process; 27 are entitled to additional super efficiency bonus
All four E.ON DSOs with efficiency score of 100% vs. 94% industry average2
50% of E.ON DSOs even receive an additional efficiency bonus vs. 13% for industry average2
5
E.ON FY 2018 results
Regulatory review in German power networks – Performance culture in practice
Upgrading long-term network capex growth
• Main driver is additional replacement investments
• Conservative assumptions on Renewables and E-mobility roll-out
• Acceleration of Renewables build-out• Digital layer & fully digital equipment• E-mobility• Electrical heating• Smart meter
Cautious planningCautious planning
Potential upsides to “new normal” levelPotential upsides to “new normal” level
Energy networks capex (€ m)
0.4 0.5
1.0
0.3 0.3
0.70.8
1.6
2017 beyond 2020 "new normal"
2018
1.4
SwedenGermany CEE
Disciplined & gradual ramp-up
Disciplined & gradual ramp-up
1.7
1.8
1.9
6
Additional ~€100m p.a.for long-term capex run-rate
E.ON FY 2018 results
Accelerating power RAB growth
Germany
~€8bn
Power RAB (€ m) Power RAB1
1. Based on constant FX rates (SEK/EUR 2018: 10.26; CZK/EUR 2018: 25.65)2. Growth includes revaluation of RAB from 2020 onwards according to new methodology (due to change in depreciation times). Effect ca. ~€0.5bn in 2020
~8.0
2017
~8.3
2018 2020
+ 8-10%
+6%
Targeting upper end of growth range
+10%
Czech RepublicSwedenPower RAB (€ m) 1
~3.5
20202017
~3.7
2018
~1.4
2017
~1.5
2018 2020
Power RAB (€ m) 1,2
New growth range
+16%
+12%
New growth range
+11%
+15%
+8%
+20%+25-30%+20-25%+15%
+11%
+30%
+25%
7
+25%NewNew NewNew
NewNew
OldOldOldOld OldOld
E.ON FY 2018 results
€413m
2017 2018
€479m
CS ex UK
CS UK
2017 2018
Germany
UK
Other
~22m~22m
Customer Solutions with profitable customer growth outside UKEBITEBIT
Improving EBIT outside UK• UK decline mainly caused by
regulatory interventions and restructuring costs
Pro-actively working on next wave of performance measures• Programs in Germany and UK with target
to offset margin pressure• UK program already expanded during
2018 to mitigate SVT price cap impact
2018 2019 2020 >2020
Cost
Impact
Performance programs (upgraded)Performance programs (upgraded)~€120m impact~€120m impact
~£150m impact~£150m impact
Growing customer base outside UK• More than 100,000 additional
customers in Germany• In the UK, best performance
among the Big Six in terms of customer numbers1
Customer numbersCustomer numbers
81. Source: Q4 2018 Cornwall report
+2%
+1%+17%
Renewables – Performance culture in practice
EBIT1 delivery 2018EBIT1 delivery 2018
FY 2017 FY 2018
€454m
€521m+15%
Downsides from very low wind yields and roll-off of support schemes in the US over-compensated:
• Project completion ahead of schedule and below budget (e.g. Arkona, Rampion)
• Successful partnering in Sweden (Nysäter)• Cost discipline applied with highly agile mindset
Project delivery 2018Project delivery 2018
91. Adjusted for non operating effects
E.ON FY 2018 results
RampionOffshore wind (UK)400 MW
ArkonaOffshore wind (GER)385 MW
StellaOnshore wind (US)201 MW
Texas wavesStorage (US)2*10 MW / 5 MWh
Takeover of innogy progressing well
Antitrust approval process
• E.ON filed official notification with EU Commission end of January
• EU Commission initiated Phase II investigations on 8th March
• Approvals for RWE part of transaction already received after Phase I
• Fully on track for closing during second half of 2019
Preparation of integration of innogy
into E.ON
Synergies
• Joint preparation work intensifying
• Work on future operating model nearly completed
• Target of €600-800m net synergies by 2022 confirmed
10
E.ON FY 2018 results
Spin-off Uniper& reset of E.ON
2016 2018 2020 and beyond
Position of strength Position of strength
• Strong financial & operational delivery
• Proven performance culture
• Balance sheet headroom
Transition yearTransition year
On track to successfully conclude strategic transformation journey
Unique strategic positionUnique strategic position
• Focus on regulated networks and infrastructure-like & pace-setting customer solutions
• Portfolio simplification
• Enhanced earnings quality: ~80% of EBIT1 is regulated
• Committed to annual dividend per share growth
• Focus on regulated networks and infrastructure-like & pace-setting customer solutions
• Portfolio simplification
• Enhanced earnings quality: ~80% of EBIT1 is regulated
• Committed to annual dividend per share growth
Digitization Operationalexcellence
Capitaldiscipline
E.ON’s guiding principles
Customer-led
111. Future E.ON pro-forma 2018 (innogy data based on public information)
• Germany: price increases in Q2 2017, restruc-turing charges
• UK: price increases in Q2 2017, competitive dynamics, regulatory effects, restruct. charges
• Preussen Elektra: one-off effects, lower achieved prices, higher volumes due to plant outages in 2017
• Turkey: op. improvem., omission of book loss
• Germany: positive one-off effects in Q2 & Q3 2018, reversal of regulatory effects, disposal gas network HH, new regulatory period gas
• Sweden: power tariff increase, adverse FX dev.
• Onshore: capacity additions in the US, support scheme expiries
• Offshore: capacity additions (Rampion), adverse wind conditions (esp. Q4)
EBIT development solid despite operational challenges
+67
+115Corp. Functions
& Other, Consolidation
-190
3,074
Customer Solutions
FY 2017
Energy Networks
-66
Renewables
-11Non-Core
FY 2018 2,989
-85
EBIT1 FY 2018 vs. FY 2017€ m
1. Adjusted for non operating effects12
E.ON FY 2018 results
Energy Networks
Customer Solutions
Renewables
Key FY Effects
Non-Core
+/–
+/–+
–
+/–
+
+/–
+/–
+/–
+/–
Adj. Net Income up 5% driven by lower interest expenses
FY 2018€ m
~€ 85m improvement yoy mainly due to refinancing benefits, partly compensated by lower interest income from asset portfolio
1. Adjusted for non operating effects 2. Without interest accretion of nuclear provisions 13
E.ON FY 2018 results
EPS (€ per share)
2,989
2,315
1,505
-86
Group EBIT1
Profit before Taxes1
Other interestexpenses
-588Interest on fin. assets/
liabilities2
-562Income Taxes
-248Minorities
AdjustedNet Income1
Tax rate of 24% slightly below PY
€0.69
END decreases mainly due to sale of Uniper stake
-10.6 -10.3
-3.6
-3.5
-0.9
-0.9 -0.6
-3.3
-5.0
-3.0
3.8
Investments
0.9
Pensions
4.3
Other END FY 2018AROs
0.6
DividendOCF
2.9
-19.2
END FY 2017
0.3
CTA2 Funding
-16.6
Divestments
+2.7€ bnEND1 FY 2018 vs. FY 2017
1. Economic net debt definition takes into account the decommissioning provisions calculated with a real discount rate of 0.0% as opposed to IFRS AROs2. Contractual Trust Arrangement
AROs
Net financial position
Pension provisions
14
E.ON FY 2018 results
Liquidation of pension scheme in Q1 2018 results in reduction of pension provisions –limited effect on END
Sale of Uniper stake
Capex split 2019 & 2020
Capex1 2019Capex1 2019
1.7
0.81.1
Energy Networks Renewables Customer Solutions
~€3.6bn ~€3.7bn
Increase in capex drives long-term EBIT growth
Capex focused on Energy Networks and infrastructure-like Customer Solutions
Strict adherence to capital return targets (e.g. Group ROCE target 8-10%)
Growth
Focus
Discipline
Capex1 2020Capex1 2020
1.8
1.10.8
15
E.ON FY 2018 results
1. Gross capex, not including divestments
Group guidance for FY 2019
Actuals FY 2018 (€ bn)Actuals FY 2018 (€ bn) Actuals FY 2018 (€ bn)Actuals FY 2018 (€ bn)
Guidance FY 2019 (€ bn)Guidance FY 2019 (€ bn) Guidance FY 2019 (€ bn)Guidance FY 2019 (€ bn)
3.01.5
EBIT
1
Adj
uste
d N
et In
com
e1
Dividend2 2019 (€/share)Dividend2 2019 (€/share)
0.462.9 – 3.11.4 – 1.6
Prop
osed
div
iden
ds2
Dividend2 2018 (€/share)Dividend2 2018 (€/share)
0.43
16
E.ON FY 2018 results
1. Adjusted for non operating effects 2. Fixed dividend proposals to AGM to be paid in following year
1. Adjusted for non operating effects 2. Preussen Elektra17
Segment EBIT1 guidance FY 2019
2019Energy Networks Customer Solutions
Renewables Non-Core
2018
€1.8bn €0.4bn
€0.5bn €0.4bn
• Germany: Further increase in RAB, efficiency scores• Sweden: Power tariff increases (already implemented)
++
• Germany & UK: Restructuring charges in 2018• UK: Regulatory interventions (i.e. SVT price cap)–
+
• Onshore: Capacity additions, support scheme expiries• Offshore: Capacity additions (Arkona, Rampion)
+/–+
E.ON FY 2018 results
• PEL2: Increased wholesale prices, higher D&A, one-offs• Turkey: Operational improvements
+/–+
20192018
20192018 20192018
ReturnROCE1
8 – 10 %
E.ON FOCUS – Framework for 2018-2020Our basis for steering the company
1. Based on EBIT (= pre-tax), 2. OCF bIT divided by EBITDA, 3. Adjusted for non operating effects, FY 2018 guidance range as basis for medium-term outlook 2018-2020 (CAGR), 4. Total Shareholder Return, 5. Fixed for FY 2019 (paid in 2020).
CashCash conversion rate2
≥ 80 %
Executive CompensationClosely linked to EPS target achievement and relative TSR4 (in addition: share ownership obligations)
EPS3
Group+ 5-10% (CAGR)
AnnualDPS growth
Dividend
Fixed dividend 2019:€0.465
EBIT3
Group+ 3-4% (CAGR)
Capital StructureStrong BBB/Baa
18
FY 2018 – Financial Appendix
DisciplineFocusGrowth
E.ON standalone
Financial Highlights
€m FY 2017 FY 2018 % YoY
Sales 37,965 30,253 -20
EBITDA 1 4,955 4,840 -2
EBIT 1 3,074 2,989 -3
Adjusted Net Income 1 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
20
E.ON FY 2018 results
1. Adjusted for non operating effects, 2. Economic net debt as per 31 Dec 2017 and31 Dec 2018; Economic net debt definition takes into account the decommissioning provisions calculated with a real discount rate of 0.0% as opposed to IFRS AROs
-3.5
Change in WC
-0.8
EBITDA1 Cash Adjustments3
Interest Payments
OCF bIT
-0.6
Tax Payments OCF Capex
2.9
FCF
-0.6
4.8
0.0 4.1
-0.7
84%
84% Cash Conversion Rate2
FY 2018€ bn
1. Adjusted for non operating effects, 2. Cash Conversion Rate: OCF bIT ÷ EBITDA, 3. Net non cash effective EBITDA items incl. provision utilizations and payments related to non operating earnings
21
E.ON FY 2018 results
HighlightsHighlights
Segments: Energy Networks
• Germany+ One-off effects in Q2 & Q3 2018– Reversal of regulatory effects – Disposal of gas network Hamburg, 3rd regulatory period gas
• Sweden+ Power tariff increase– Adverse FX development, disposal of gas network
• CEE & Turkey+ Turkey: Higher network/retail earnings– Turkey: One-off effects in 2017 & 2018– Romania: Lower regulatory returns
Energy NetworksEnergy Networks
530 451
474 498
1,030 895
CEE & Turkey
Germany
FY 2017 FY 2018
Sweden
2,0341,844
-9%
1. Adjusted for non operating effects
EBIT1 € m
€m FY 2017 FY 2018 % YoY FY 2017 FY 2018 % YoY FY 2017 FY 2018 % YoY FY 2017 FY 2018 % YoY
Revenue 14,199 6,243 -56 1,072 989 -8 1,719 1,537 -11 16,990 8,769 -48
EBITDA 1 1,621 1,488 -8 632 648 +3 767 683 -11 3,020 2,819 -7
EBIT 1 1,030 895 -13 474 498 +5 530 451 -15 2,034 1,844 -9 thereof Equity-method earnings 74 69 -7 0 0 - 157 97 -38 231 166 -28 OCFbIT 2,429 1,559 -36 640 771 +20 605 652 +8 3,674 2,982 -19 Investments 703 802 +14 345 341 -1 371 454 +22 1,419 1,597 +13
TotalGermany Sweden CEE & Turkey
22
E.ON FY 2018 resultsD
etai
ls
+/–
Segments: Customer Solutions
Customer SolutionsCustomer Solutions HighlightsHighlights• Germany Sales
+ Price increases in 2017– Restructuring charges
• UK – Restructuring charges, competitive dynamics– Regulatory effects, incl. price caps (PPM2, vulnerable customers)+ Price increases in 2017
• Other– Romania: Higher gas procurement costs– B2B solutions: Unavailability of co-generation unit
129 111
248142
102
160
Germany Sales
FY 2017
Other
FY 2018
UK
479413
-14%EBIT1 € m
1. Adjusted for non operating effects, 2. Prepayment Meter
€m FY 2017 FY 2018 % YoY FY 2017 FY 2018 % YoY FY 2017 FY 2018 % YoY FY 2017 FY 2018 % YoY
Revenue 7,014 6,768 -4 7,205 7,758 +8 7,357 7,601 +3 21,576 22,127 +3
EBITDA 1 132 193 +46 351 237 -32 312 294 -6 795 724 -9
EBIT 1 102 160 +57 248 142 -43 129 111 -14 479 413 -14 thereof Equity-method earnings 0 0 - 0 0 - 14 10 -29 14 10 -29 OCFbIT 284 273 -4 401 92 -77 237 211 -11 922 576 -38 Investments 25 35 +40 211 207 -2 360 395 +10 596 637 +7
TotalUKGermany Sales Other
23
E.ON FY 2018 resultsD
etai
ls
• Offshore/Other+ UK: Capacity additions (Rampion)– Adverse wind conditions
• Onshore/Solar+ US: Capacity additions (Bruenning’s Breeze, Radford’s Run)+ SE: Book gain from partnering transaction (Nysäter)– Support scheme expiries
Segments: Renewables
RenewablesRenewables HighlightsHighlights
117 142
337379
FY 2017 FY 2018
Onshore/Solar
Offshore/Other
454521
+15%EBIT1 € m
1. Adjusted for non operating effects
€m FY 2017 FY 2018 % YoY FY 2017 FY 2018 % YoY FY 2017 FY 2018 % YoY
Revenue 927 1,148 +24 677 606 -10 1,604 1,754 +9
EBITDA 1 299 300 +0 486 561 +15 785 861 +10
EBIT 1 117 142 +21 337 379 +12 454 521 +15 thereof Equity-method earnings 24 44 +83 OCFbit 601 657 +9 Investments 1,225 1,037 -15
Onshore Wind / Solar Offshore Wind / Others Total
24
E.ON FY 2018 resultsD
etai
ls
Non-Core business
Non-CoreNon-Core HighlightsHighlights
506 399
-113 -17
PreussenElektra
FY 2018
GenerationTurkey FY 2017
393382
-3%
• PreussenElektra– One-off effects– Lower achieved power prices+ Higher volumes due to plant outages in 2017
• Generation Turkey+ Book loss from asset sale in Q1 2017+ Operational improvements– Adverse FX effects from revaluation of loans
PreussenElektra: Hedged Prices (€/MWh) as of 31 December 2018
EBIT1 € m
1. Adjusted for non operating effects25
E.ON FY 2018 results
32
26
31
45
2019
2020
2017
2018
86%
52%
100%
Det
ails
100% €m
FY 2017 FY 2018 % YoY FY 2017 FY 2018 % YoY FY 2017 FY 2018 % YoY Revenue 1,585 1,399 -12 0 0 - 1,585 1,399 -12
EBITDA 1 654 556 -15 -113 -17 +85 541 539 -0
EBIT 1 506 399 -21 -113 -17 +85 393 382 -3 thereof Equity-method earnings 55 53 -4 -113 -17 +85 -58 36 +162 OCFbIT -7,357 199 +103 0 0 - -7,357 199 +103 Investments 14 15 +7 0 154 - 14 169 -
PreussenElektra Generation Turkey Total
+/–
Adjusted Net Income
€m FY 2017 FY 2018 % YoY
EBITDA 1 4,955 4,840 -2
Depreciation/amortization -1,881 -1,851 +2
EBIT 1 3,074 2,989 -3
Economic interest expense (net) -744 -674 +9
EBT 1 2,330 2,315 -1
Income Taxes on EBT 1 -614 -562 +8
% of EBT 1 -26% -24% -
Non-controlling interests -289 -248 +14
Adjusted Net Income 1 1,427 1,505 +5
1. Adjusted for non operating effects26
E.ON FY 2018 results
Reconciliation of EBITto IFRS Net Income
1. Adjusted for non operating effects
E.ON FY 2018 results
27
€m FY 2017 FY 2018 % YoY
EBITDA 1 4,955 4,840 -2
Depreciation/Amortization/Impairments -1,881 -1,851 +2
EBIT 1 3,074 2,989 -3
Reclassified businesses of Renewables -440 -513 -17
Interest result 33 -713 -
Net book gains 375 857 +129
Restructuring -539 -64 +88
Mark-to-market valuation of derivatives -954 610 +164
Impairments (net) -171 -61 +64
Other non-operating earnings 3,582 179 -95
Income/Loss from continuing operations before income taxes 4,960 3,284 -34
Income taxes -803 -46 +94
Income/loss from continuing operations 4,157 3,238 -22
Income/loss from discontinued operations, net 23 286 -
Net income/loss 4,180 3,524 -16
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
E.ON FY 2018 results
28
Economic Net Debt1
1. Economic net debt definition takes into account the decommissioning provisions calculated with a real discount rate of 0.0% as opposed to IFRS AROs, 2. Net figure; does not include transactions relating to our operating business or asset management
E.ON FY 2018 results
29
€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 -10,630 -10,288
Economic Net Debt -19,248 -16,580
Economic interest expense (net)
€m FY 2017 FY 2018 Difference
(in € 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 -80 -13
Construction period interests¹ 43 20 -23
Others 35 36 +1
Net interest result -744 -674 +71
1. Borrowing cost that are directly attributable to the acquisition, construction or production of a qualified asset. Borrowing cost are interest costs incurred by an entity in connection with the borrowing of funds. (Interest rate: 5.37%).
30
E.ON FY 2018 results
≥202620232019 2020 20222021 2024 2025
1.41.1
0.8
0.10.4
0.6
0.0
4.8
USDEUR GBP JPY Other
Financial Liabilities
31
E.ON FY 2018 results
Maturity profile (as of end FY 2018)1
€ bn
1. Bonds and promissory notes issued by E.ON SE and E.ON International Finance B.V. (fully guaranteed by E.ON SE)
Liquidity Sources (as of FY 2018)€ bn
Liquid funds 5.432
Non-current securities 2.295
Syndicated loan (undrawn) 2.75
€ / $ Commercial Paper programs (undrawn) 10 / 10
Acquisition facility (undrawn) 1.75
Indicative funding needs
Funding plan
Funding public takeover offer and purchase of RWE’s loan to innogy is covered by existing cash and RWE’s payment
2019 funding needs: expected to be €2-3 billion €1.75 billion undrawn acquisition facility available
Regular funding volumes determined by- refinancing of upcoming maturities - utilization of asset retirement obligations
Future annual funding needs estimated: €2-4 billion
Financing considerations
Maturities (€ bn) 2019 2020 2021
E.ON ~1.1 ~1.4 ~0.8
innogy2 ~2.0 ~0.8 ~1.7
1. Asset retirement obligations (‘AROs‘) : Indicative utilization of €0.5 billion p.a.2. Incl. senior bonds and 2019 RWE intercompany loan based on innogy‘s Fixed Income Investor Update 1st June 2018
0
2
4
2019 2020 2021
E.ON maturities AROs innogy maturities
€ bn
1 2
E.ON FY 2018 results
32
E.ON Investor Relations contacts
T +49 (201) 184 [email protected]
Martina Burger T +49 (201) 184 28 07Manager Investor Relations [email protected]
Dr. Stephan Schönefuß T +49 (201) 184 28 22Interim Head of Investor Relations [email protected]
Andreas Thielen T +49 (201) 184 28 15Manager Investor Relations [email protected]
Sebastian Gaßner T +49 (201) 184 28 05Manager Investor Relations [email protected]
Conny Ripphahn T +49 (201) 184 28 34Manager Investor Relations [email protected]
33
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 Annual Report 2019
Important links
Presentations https://www.eon.com/en/investor-relations/presentations.html
Facts & Figures 2019 https://www.eon.com/content/.../presentations/facts-and-figures-2019.pdf
Annual Reports https://www.eon.com/en/investor-relations/financial-publications/annual-report.html
Interim Reports https://www.eon.com/en/investor-relations/financial-publications/interim-report.html
Shareholder Meeting https://www.eon.com/en/investor-relations/shareholders-meeting.html
Bonds / Creditor Relations https://www.eon.com/en/investor-relations/bonds.html
Transaction Website: http://www.energyfortomorrow.eu/34
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 to abide by the limitations set outin this document as well as any limitations set out on the webpage of E.ON SE on which this presentation has been made available.This document is being presented solely for informational purposes. It should not be treated as giving investment advice, nor is it intended to provide the basis for anyevaluation or any securities and should not be considered as a recommendation that any person should purchase, hold or dispose of any shares or other securities.The information contained in this presentation may comprise financial and similar information which is neither audited nor reviewed and should be consideredpreliminary and subject to change.Some of the information presented herein is based on statements by third parties. No representation or warranty, express or implied, is made as to, and no relianceshould be placed on, the fairness, accuracy, completeness or correctness of this information or any other information or opinions contained herein, for any purposewhatsoever.This presentation may contain forward-looking statements based on current assumptions and forecasts made by E.ON management and other information currentlyavailable to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financialsituation, development or performance of the company and the estimates given here. E.ON does not intend, and does not assume any liability whatsoever, to updatethese forward-looking statements or to conform them to future events or developments.Neither E.ON nor any respective agents of E.ON undertake any obligation to provide the recipient with access to any additional information or to update thispresentation or any information or to correct any inaccuracies in any such information.Certain numerical data, financial information and market data (including percentages) in this presentation have been rounded according to established commercialstandards. As a result, the aggregate amounts (sum totals or interim totals or differences or if numbers are put in relation) in this presentation may not correspond in allcases to the amounts contained in the underlying (unrounded) figures appearing in the consolidated financial statements. Furthermore, in tables and charts, theserounded figures may not add up exactly to the totals contained in the respective tables and charts.