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This presentation contains information relating to E.ON Group ("E.ON") that must not be relied upon for
published, or passed on to any other person or used in whole or in part for any other purpose. By accessing
out in this document as well as any limitations set out on the webpage of E.ON SE on which this presentation
This document is being presented solely for informational purposes. It should not be treated as giving inve
any evaluation or any securities and should not be considered as a recommendation that any person s
securities.
The information contained in this presentation may comprise financial and similar information which is
preliminary and subject to change.
Some of the information presented herein is based on statements by third parties. No representation or wa
should be placed on, the fairness, accuracy, completeness or correctness of this information or any other i
whatsoever.
This presentation may contain forward-looking statements based on current assumptions and forecasts ma
available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to materia
situation, development or performance of the company and the estimates given here. E.ON does not intend
these 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
presentation 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
standards. As a result, the aggregate amounts (sum totals or interim totals or differences or if numbers are
all cases to the amounts contained in the underlying (unrounded) figures appearing in the consolidated finan
rounded figures may not add up exactly to the totals contained in the respective tables and charts.
E.ON
€bn 2016 2017
Adjusted EBIT1 3.1 3.1
Energy Networks 1.7 1.9
Customer Solutions 0.8 0.5
Renewables 0.4 0.5
Non-core business (PreussenElektra) 0.6 0.5
Corporate Functions/ Consolidation -0.4 -0.4
Other (Divested Operations) 0.0 0.0
Adjusted EBITDA1 4.9 5.0
Adjusted Net Income1 0.9 1.4
Energy Networks
At equity consolidation
Städtische Werke Magdeburg GmbH & Co. KG
Energie und Wasser Potsdam GmbH
GASAG AG
REWAG Regensburger Energie- und Wasserversorgung AG & Co. KG
Stadtwerke Brandenburg an der Havel GmbH & Co. KG
Gasversorgung Unterfranken GmbH
SWS Energie GmbH
LSW Holding GmbH & Co. KG
Other
At cost consolidation
SERVICE plus GmbH
GasLINE Telekommunikationsnetzgesellschaft deutscher Gasversorgungsunternehmen mbH
ENACO Energieanlagen- und Kommunikationstechnik GmbH
infra fürth GmbH
Other
Contribution to E.ON result
2017 (€m)
74
17
11
9
8
6
5
5
4
9
43
7
4
3
3
26
Germany 2016
Grid length
Power ('000km)1 349
Market share (%) 19
Gas ('000km)1 60
Market share (%) 12²
Major shareholdings
Avacon AG 61.5%
E.DIS AG 67.0%
HanseWerk AG 66.5%
Bayernwerk AG 100%
2017
Grid conduct
349 Wheeling volumes power (TWh)3
19 Wheeling volumes gas (TWh)
60 RAB power & gas (€bn)4
12
117 119
107 111
10.7 10.7
10 (gas): €10bn
Company
Energy Networks
Germany
Gasag Berliner Gaswerke
Aktiengesellschaft
Städtische Werke Magdeburg
GmbH & Co. KG
REWAG Regensburger Energie- und
Wasserversorgung
Enerjisa
Renewables
PreussenElektra
Uranit GmbH1
Other
North Stream AG
Other at e
Company
Uniper
Relevant at equity participations of E.ON SE
Description
Description
E.ON ownership Net income
interest (%) 2016
ating results
E.ON ownership
interest (%)
At equity contribution to
E.ON results 2016
XYZ
XYZ
2015
Germany
Revenues
(€bn)
Dividend payment to E.ON
EBITDA (€bn)
SE
EBIT (€bn)
CAPEX (€bn)
2015 2016
1. Old assets are those capitalized before January 1, 2006. New assets are those capitalized after January 1, 2006. Old assets are indexed up to 40% with asset-specific indices to determine the current costs.
2. Weighted average cost of capital. The German regulator does not use a WACC-approach. The pro-forma WACC can be used to compare German regulatory returns internationally. In Germany, the regulator determines an allowed return on equity (RoE).
This RoE is applied to the regulated equity base (RAB + current assets - debt base).
3. Interest free liabilities (such as construction grants) not considered
4. E.ON DSO filed an appeal against BNetzA decision
Sweden 2016
Grid length
Power ('000km)1 136
Market share (%) 25
Gas ('000km) 2
Market share (%) 71²
Major shareholdings
E.ON Gas Sverige AB 100%
E.ON Elnät Sverige AB 100%
2017
Grid conduct
137 Wheeling volumes power (TWh)
25 Wheeling volumes gas (TWh)
2 RAB power & gas (€bn)3
71
7)
2016 2017
37 37
5 4
3.9 4.0
Company
Energy Networks
Germany
Gasag Berliner Gaswerke
Aktiengesellschaft
Städtische Werke Magdeburg
GmbH & Co. KG
REWAG Regensburger Energie- und
Wasserversorgung
Enerjisa
Renewables
PreussenElektra
Uranit GmbH1
Other
North Stream AG
Other at e
Company
Uniper
Relevant at equity participations of E.ON SE
Description
Description
E.ON ownership Net income
interest (%) 2016
ating results
E.ON ownership
interest (%)
At equity contribution to
E.ON results 2016
XYZ
XYZ
2015
Germany
Revenues
(€bn)
Dividend payment to E.ON
EBITDA (€bn)
SE
EBIT (€bn)
CAPEX (€bn)
2015 2016
Major shareholdings
E.ON Dél-dunántúli Áramhálózati Zrt. 100%
E.ON Észak-dunántúli Áramhálózati Zrt. 100%
E.ON Tiszántúli Áramhálózati Zrt. 100%
E.ON Dél-dunántúli Gázhálózati Zrt. 99.96%
E.ON Közép-dunántúli Gázhálózati Zrt. 99.84%
2017
Grid conduct
85 Wheeling volumes power (TWh)
52 Wheeling volumes gas (TWh)
18 RAB power and gas (€bn)2,3
21
as of 2017 (gross RAB is now representative of the grid renewal cost); no significant direct earnings impact due to this c
2016 2017
18 18
15 15
1.5 4.3
Energy Networks
Germany
Gasag Berliner Gaswerke
Aktiengesellschaft
Städtische Werke Magdeburg
GmbH & Co. KG
REWAG Regensburger Energie- und
Wasserversorgung
Enerjisa
Renewables
PreussenElektra
Uranit GmbH1
Other
North Stream AG
Other at e
Company
Uniper
Relevant at equity participations of E.ON SE
Description
Description
E.ON ownership Net income
interest (%) 2016
ating results
E.ON ownership
interest (%)
At equity contribution to
E.ON results 2016
XYZ
XYZ
2015
Germany
Revenues
(€bn)
Dividend payment to E.ON
EBITDA (€bn)
SE
EBIT (€bn)
CAPEX (€bn)
2015 2016
Major shareholdings
E.ON Distribuce, a.s. 100%
2017
Grid conduct
65 Wheeling volumes power (TWh)
28 Wheeling volumes gas (TWh)
5 RAB power and gas (€bn)2
6
2016 2017
13 14
3 4
1.5 1.6
Company
Energy Networks
Germany
Gasag Berliner Gaswerke
Aktiengesellschaft
Städtische Werke Magdeburg
GmbH & Co. KG
REWAG Regensburger Energie- und
Wasserversorgung
Enerjisa
Renewables
PreussenElektra
Uranit GmbH1
Other
North Stream AG
Other at e
Company
Uniper
Relevant at equity participations of E.ON SE
Description
Description
E.ON ownership Net income
interest (%) 2016
ating results
E.ON ownership
interest (%)
At equity contribution to
E.ON results 2016
XYZ
XYZ
2015
Germany
Revenues
(€bn)
Dividend payment to E.ON
EBITDA (€bn)
SE
EBIT (€bn)
CAPEX (€bn)
2015 2016
Gas ('000km) 21
Market share (%) 55
Major shareholdings
Delgaz Grid SA (former E.ON Distributie SA) 56.5%
2017
Grid conduct
82 Wheeling volumes power (TWh)
1 16 Wheeling volumes gas (TWh)
22 RAB power and gas (€bn)2
55
2016 2017
5 6
26 26
0.8 0.8
2. Readjusted to reflect latest available market data
2. Readjusted to reflect latest available market data
Company
Energy Networks
Germany
Gasag Berliner Gaswerke
Aktiengesellschaft
Städtische Werke Magdeburg
GmbH & Co. KG
REWAG Regensburger Energie- und
Wasserversorgung
Enerjisa
Renewables
PreussenElektra
Uranit GmbH1
Other
North Stream AG
Company
Uniper
arket data
Description
Description
E.ON ownership Net income
interest (%) 2016
ating results
E.ON ownership
interest (%)
2. Readjusted to reflect latest
At equity contribution to
E.ON results 2016
XYZ
XYZ
2015
Germany
Revenues
(€bn)
Dividend payment to E.ON
EBITDA (€bn)
SE
EBIT (€bn)
CAPEX (€bn)
usted to reflect latest available market data
2015 2016
Major shareholdings
Západoslovenská distribucná a.s. 49%
2017
Grid conduct
38 Wheeling volumes power (TWh)
45 Wheeling volumes gas (TWh)
n/a RAB power (€bn)
n/a
2016 2017
9 10
n/a n/a
0.6 0.6
Company
Energy Networks
Germany
Gasag Berliner Gaswerke
Aktiengesellschaft
Städtische Werke Magdeburg
GmbH & Co. KG
REWAG Regensburger Energie- und
Wasserversorgung
Enerjisa
Renewables
PreussenElektra
Uranit GmbH1
Other
North Stream AG
Other at e
Company
Uniper
Relevant at equity participations of E.ON SE
Description
Description
E.ON ownership Net income
interest (%) 2016
ating results
E.ON ownership
interest (%)
At equity contribution to
E.ON results 2016
XYZ
XYZ
2015
Germany
Revenues
(€bn)
Dividend payment to E.ON
EBITDA (€bn)
SE
EBIT (€bn)
CAPEX (€bn)
2015 2016
2016 2017
3,850 4,162
1,057 925
-79 -767
-287
2016 2017
296 218
148 109
44 20
-24 -24
3 -2
23 -6
1. Latest available data, official data for 2017 not yet published.
2. RAB figure converted at a TRL/EUR rate of 3.7 (2016, end of period) and 4.5 (2017, end of period).
2017
220
20
45
1.2
5.3
1. Based on total net demand. 2017 preliminary, official data not yet published
2. 2016 adjusted for comparison. Latest available data, official data for 2017 not yet published
2017
35.2
14
9.2
22
1. Consolidated on a 49% basis in adjusted EBIT/Net Income of E.ON Financial Statements. Figures shown her
Romani Hungar Czech Slovaki
Italy
a y Rep. a1
3.1 2.5 1.3 0.9 0.8
6.0 14.4 16.1 5.7 7.6
27.2 4.1 10.0 2.7 10.4
1
Adjusted for non-operating effects
2016 2017
Other Total Germany UK
6,796 22,368 7,452 7,205
351 1,110 192 353
215 812 118 250
3.2 3.6 1.6 3.5
287 580 75 211
2017
Other Total
6,910 21,567
302 847
158 526
2.3 2.4
309 595
Germany 2016
Power sales (TWh)1 46.3
# of E.ON customers - power (m) 5.3
# of customers total market - power (m)² 45.7
Market share (%) 12
Gas sales (TWh)³ 40.9
# of E.ON customers - gas (m) 0.8
# of customers total market - gas (m)² 21.3
Market share (%) 4
Major shareholdings
E WIE EINFACH Strom & Gas GmbH
E.ON Energie Deutschland GmbH
2017
39.9
5.1
45.7
11
43.9
0.8
21.3
4
100%
100%
UK 2016
Power sales (TWh) 37.4
# of E.ON customers - power (m) 4.3
# of customers total market - power (m)1 28.0
Market share (%)1 15
Gas sales (TWh) 48.4
# of E.ON customers - gas (m) 2.6
# of customers total market - gas (m)1 22.1
Market share (%)1 12
# of E.ON customers - B2B (m) 0.6
# of E.ON customers - B2C (m) 6.4
Major shareholdings
n/a
2017
34.8
4.2
28.2
13
42.5
2.6
23.1
11
0.5
6.3
Sweden 2016
Power sales (TWh) 15.7
# of E.ON customers - power (m) 0.7
# of customers total market - power (m)1 4.5
Market share (%) 16
Gas sales (TWh) 3.6
# of E.ON customers - gas (m) 0.01
# of customers total market - gas (m)1 0.03
Market share (%) 29
Major shareholdings
E.ON Sverige AB
E.ON Nord Sverige AB
E.ON Värme Sverige AB
2017
15.7
0.7
4.5
16
3.0
0.01
0.03
29
100%
100%
100%
Italy 2016
Power sales (TWh) 8.2
# of E.ON customers - power (m) 0.2
# of customers total market - power (m) 12.7
Market share (%) 2
Gas sales (TWh) 9.5
# of E.ON customers - gas (m) 0.5
# of customers total market - gas (m) 21.2
Market share (%) 2
Major shareholdings
E.ON Energia SpA
2017
7.6
0.3
13.8
2
10.4
0.5
21.1
2
100%
Romania 2016
Power sales (TWh) 4.7
# of E.ON customers - power (m) 1.4
# of customers total market - power (m)1 17.2
Market share (%) 8
Gas sales (TWh) 25.9
# of E.ON customers - gas (m) 1.7
# of customers total market - gas (m)² 6.3
Market share (%) 27
Major shareholdings
E.ON Energie Romania
2017
6.0
1.4
17.2
8
27.2
1.7
6.3
27
68.2%
Czech Republic 2016
Power sales (TWh) 15.9
# of E.ON customers - power (m) 1.1
# of customers total market - power (m)1 5.8
Market share (%) 18
Gas sales (TWh) 10.5
# of E.ON customers - gas (m) 0.2
# of customers total market - gas (m) 2.8
Market share (%) 8
Major shareholdings
E.ON Česká republika, s.r.o.
E.ON Energie, a.s.
E.ON Servisní, s.r.o.
2017
updated by Market
16.1
Excellence
updated by Market
1.0
Excellence
5.8
18
updated by Market
10.0
Excellence
updated by Market
0.2
Excellence
2.8
8
100%
100%
100%
Hungary 2016
Power sales (TWh) 13.6
# of E.ON customers - power (m) 2.5
# of customers total market - power (m)1 6.9
Market share (%) 36
Gas sales (TWh) 4.0
# of E.ON customers - gas (m)2 0.0
# of customers total market - gas (m)1 3.4
Market share (%) 0.2
Major shareholdings
E.ON Energiatermelő Kft.
E.ON Gazdasági Szolgáltató Kft.
E.ON Ügyfélszolgálati Kft.
E.ON Energiaszolgáltató Kft.
E.ON Energiakereskedelmi Kft.
2017
14.4
2.5
6.9
36
4.1
0.0
3.4
0.2
100%
100%
100%
100%
100%
Slovakia 2016
Power sales (TWh) 5.6
# of E.ON customers - power (m) 0.9
# of customers total market - power (m)1 2.2
Market share (%) 38
Gas sales (TWh) 2.1
# of E.ON customers - gas (m) 0.1
# of customers total market - gas (m)1 1.5
Market share (%) 3
Major shareholdings
Západoslovenská energetika, a.s.
2017
5.7
0.9
2.2
39
2.7
0.1
1.5
4
49%
Heat networks 2016
Germany
Heat sales (TWh) 2.2
Market share (%) 5
# of connected households (k) 140
Sweden
Heat sales (TWh) 6.0
Market share (%) 10
# of connected households (k) 220
UK
Heat sales (TWh) 0.7
Market share (%) 12
# of connected households (k) 23
Total
Heat sales (TWh) 9.0
# of connected households (k) 383
2017
2.2
5
140
5.4
10
370
0.7
15
24
8.3
534
New Solutions 2016
1
On-site generation (incl. industrial
1,247
generation) (MW)
thereof Germany² 698
thereof UK 464
thereof Italy 45
thereof Belgium2 40
Energy efficiency (# sites connected) 9,926
thereof Germany 574
thereof UK 9,282
thereof France 70
Flexibility (MW) 335
thereof Germany 285
thereof UK 50
Renewables marketing (GW) - Germany only 3
Production
GWh 2016 2017
Accounting view
Onshore/PV 8,169 8,854
Offshore 3,415 3,584
Total 11,584 12,438
Pro rata view
Onshore/PV 9,358 10,053
Offshore 3,615 3,809
Total 12,973 13,862
1. Operated sites, where E.ON is the operator, regardless the ownership share
2016
Onshore
€m
Wind/ PV
Revenues 728
Adjusted EBITDA1 308
Adjusted EBIT1 92
Investments (cash-effective) 465
15 2,638 6,503 0
0 0 0 0
0 171 361 199
0 161 377 0
0 328 629 0
15 4,716 8,815 3,584
27 3,053 7,812 0
0 41 0 167
0 163 336 199
0 155 365 0
0 328 629 0
27 5,131 10,014 3,809
roduction (GWh)
PV Total
0 1,536
0 2,793
39 6,542
0 0
0 561
0 377
0 629
39 12,438
0 1,486
0 2,829
39 7,851
0 167
0 536
0 365
0 629
39 13,862
Capacity (MW)
2016 2017
Accounting view
Germany 209 220
UK 250 250
US Onshore 2,089 2,623
US PV + Energy storage 19 15
Sweden 125 123
Poland 161 161
Italy 328 328
Total 3,181 3,720
Pro rata view
Germany 154 161
UK 257 266
US Onshore 2,492 3,026
US PV + Energy storage 19 27
Sweden 117 115
Poland 155 155
Italy 328 328
Total 3,521 4,078
1. Net Load Factor is the amount of generation produced compared to what is theoretically possible at maxim
Reported generation / (Weighted average capacity x 24 hours x number of operational days in the period). P
2. Load factors for Bruenning's Breeze and Radford's Run are on an estimation basis, due to late year COD an
Production (GWh)
Load factor Load factor
2016 2017
%1 %2
314 17 392 21
505 23 552 26
5,989 34 6,503 36
37 n/a 39 n/a
333 30 361 33
322 23 377 27
669 23 629 22
8,169 30 8,854 33
232 17 284 20
517 23 587 25
7,280 34 7,812 36
37 n/a 39 n/a
310 30 336 33
312 23 365 27
669 23 629 22
9,358 30 10,053 33
oretically possible at maximum capacity (wind does not influence this). It is calculated by the following formula:
ional days in the period). Please note that reported generation may deviate from production figures shown in this prese
is, due to late year COD and have therefore been excluded from US and total load factor calculations
Avg. Revenue
(€/MWh)
2017
92
112
38
133
40
54
149
92
112
40
133
40
54
149
wing formula:
es shown in this presentation due to settlement adjustments.
Capacity (MW)
2016 2017
Accounting view
Germany 301 302
UK 646 646
Denmark 0 0
Sweden 48 48
Total 995 996
Pro rata view
Germany 317 318
UK 646 646
Denmark 41 41
Sweden 48 48
Total 1,052 1,053
Production (GWh)
Load factor Load factor
2016 2017
% %
1,117 43 1,144 44
2,097 38 2,241 40
0 0 0 0
201 47 199 48
3,415 40 3,585 42
1,173 43 1,202 43
2,097 38 2,241 40
143 39 167 46
201 47 199 48
3,615 40 3,809 42
Avg. revenue
(€/MWh)
2017
193
155
0
42
192
155
85
42
Portfolio C
Total
Load Type of
Windfarm capacity
factor % transaction
MW
Onshore
Commissionin
Neustadt Dosse 7 32 g after
repowering
Commissionin
Wriezen 5 27 g after
repowering
Commissionin
Ovenden Moor 18 44 g after
repowering
Commissionin
Radford's Run (US) 306 44
Commissioning
Bruenning's Breeze (US) 228 41
g
PV & Energy Storage
Commissionin
Iron Horse 12 n.a.
g
1. For details regarding accounting treatments please refer to page 83 of the Facts & Figures presentation.
2. For details regarding support regimes please refer to pages 80-82 of the Facts & Figures presentation.
Portfolio Changes 2017
Pre transaction Post transaction
Transaction E.ON share Accounting E.ON share Accounting
date in % treatment1 in % treatment
05/17 67 1 67 1
12/17 67 1 67 1
11/17 50 n/a 50 4
12/17 100 1 100 1
12/17 100 1 100 1
gures presentation.
ures presentation.
Support
Support Support
regime2 level/ MWh
82.9€/M
FIT
Wh
81.2€/M
FIT
Wh
ROC 0
REC/PT
23 $
C
REC/PT
23 $
C
ITC n/a
Projects unde
Total
E.ON share
Windfarm Country capacity
pro rata MW
MW
Onshore
Morcone IT 57 57
Stella US 201 201
Total Onshore 258 258
Offshore
Rampion UK 400 201
German
Arkona3 385 193
y
Total Offshore 785 393
PV & Energy Storage
Texas Waves - Pyron US 10 10
Texas Waves - Inadale US 10 10
Total PV & Energy
20 20
Storage
50 2 42 Q2/2018 ROC
50 3a 46 Q2/2019 FIT
2039 66/MWh
2028 24 $
09/2032 n/a
09/2032 n/a
Assets
Total capacity E.ON share
MW %
Onshore
Alt Mahlisch I 5 67
Alt Mahlisch II 4 67
Alt Mahlisch III 2 67
Badingen 6 67
Breitling 3 67
Buschmühlen 3 67
Carzig 3 67
Dargelütz 22 100
Edersleben 12 67
Frauenhagen 10 67
Kessin2 6 7
Ketzin 18 67
Losten 12 67
Löwitz 3 67
Miltzow 4 67
Miltzow II 10 67
Assets
Total capacity E.ON share
MW %
Mutzschen I 8 67
Mutzschen II 6 67
Naundorf I 14 67
Naundorf II 4 67
Neustadt Dosse 7 67
Poppendorf I 5 67
Poppendorf II 7 67
Riethnordhausen 10 67
Schönerlinde I 2 67
Schönerlinde II 2 47
Schortewitz 15 67
Seelow 4 67
Thaerfelde 4 67
Treue 8 100
Treue Ost 8 100
Wriezen 5 67
Total onshore Germany 228
1. Total production of the wind farm irrespective of the E.ON share (100% view)
2. Kessin is a financial investment, of which E.ON holds a 7% share.
3. Insufficient data available at time of publication for calculation of load factor %
Assets Germany
Total
Pro rata Accounting Load
production COD
MW treatment factor %
2017 GWh1
3 2 9 23 04/2002
2 2 6 17 12/2003
1 2 3 20 07/2004
4 2 12 21 12/2004
2 2 6 26 02/2006
2 2 3 15 12/2001
2 2 5 21 04/2004
22 1 34 18 08/2006
8 2 15 14 12/2002
7 2 13 15 11/2002
0 3a 0 0 04/2002
12 2 31 20 05/2005
8 2 21 17 01/2004
2 2 6 22 03/2004
3 2 9 24 12/2001
7 2 30 32 12/2001
Assets Germany
Total
Pro rata Accounting Load
production COD
MW treatment factor %
2017 GWh1
5 2 23 31 12/2004
4 2 18 31 09/2006
9 2 18 18 04/2004
3 2 9 25 02/2007
4 1 13 32 05/2017
3 2 10 26 01/2006
5 2 15 23 08/2007
7 2 19 22 12/2007
1 2 2 14 12/2002
1 3a 0 n/a³ 12/2002
10 2 17 13 11/2004
2 2 6 18 11/2003
3 2 4 13 12/2001
8 1 17 24 09/2005
8 1 14 21 07/2007
3 1 7 27 12/2017
161 386
Support Support
regime expiry
FIT 03/2022
FIT 12/2023
FIT 12/2024
FIT 12/2024
FIT 06/2024
FIT 10/2021
FIT 12/2024
FIT 12/2026
FIT 12/2022
FIT 12/2022
FIT 12/2022
FIT 12/2025
FIT 12/2014
FIT 12/2023
FIT 03/2022
FIT 03/2022
Support Support
regime expiry
FIT 01/2022
FIT 08/2023
FIT 11/2023
FIT 05/2023
FIT 02/2037
FIT 01/2025
FIT 05/2023
FIT 12/2027
FIT 12/2022
FIT 12/2022
FIT 12/2024
FIT 11/2023
FIT 12/2021
FIT 12/2025
FIT 12/2027
FIT 12/2037
Assets
Total
E.ON share Pro rata
capacity
% MW
MW
Offshore
Alpha Ventus 12 30 26 8
Alpha Ventus 2 30 26 8
Amrumbank West3 302 100 302
Total offshore Germany 362 318
Total Germany 590 479
1. Total production of the wind farm irrespective of the E.ON share (100% view)
2. Renumeration Alpha Ventus: 154 €/MWh for 12 years + 1.5 year on average (by turbine) due to depth of w
3. Remuneration Amrumbank: 194 €/MWh for 8 years + 1 year on average (by turbine) due to depth of wate
Assets Germany
Total
Accounting Load Support
production COD
treatment factor % regime
2017 GWh1
by turbine) due to depth of water & distance from shore, afterwards 35 €/MWh
rbine) due to depth of water & distance from shore, afterwards 39 €/MWh
Support Support level
expiry €/MWh
03/2030 154
08/2029 154
10/2024 194
Total capacity E.ON share
MW %
Onshore
Bowbeat (Emly Bank) 16 100
Bowbeat (Roughside) 16 100
Butterwick Moor (1) 9 100
Butterwick Moor (2) 9 100
Camster 50 100
Deucheran Hill 16 100
Great Eppleton (1) 4 100
Great Eppleton (2) 4 100
Harehill (NFFO) 2 100
Harehill (ROC) 3 100
Haswell Moor (1) 6 100
Haswell Moor (2) 4 100
High Volts (NFFO) 2 100
High Volts (ROC) 6 100
1. Total production of the wind farm irrespective of the E.ON share (100% view)
Assets UK
Total
Pro rata Accounting Load
production
MW treatment factor %
2017 GWh1
16 1 31 22
16 1 31 22
9 1 22 27
9 1 19 22
50 1 154 36
16 1 30 22
4 1 9 26
4 1 11 39
2 1 5 26
3 1 3 14
6 1 8 22
4 1 12 24
2 1 5 24
6 1 8 18
Assets UK
Total
Pro rata Accounting Load
production
MW treatment factor %
2017 GWh1
2 1 4 20
3 1 5 20
9 1 23 30
9 4 43 n.a.
3 4 18 31
25 1 27 14
3 4 10 9
20 1 40 23
44 1 104 28
266 622
Support Support
COD
regime expiry
Support Support
COD
regime expiry
1. Total production of the wind farm irrespective of the E.ON share (100% view) except for London Array asse
Assets UK
Total
Accounting Load Support
production COD
treatment factor % regime
2017 GWh1
0 0 NFFO
1 0 0 01/2000 ROC
1 452 49 08/2015 ROC
1 425 45 08/2015 ROC
3b 166 41 05/2013 ROC
3b 159 39 05/2013 ROC
3b 168 41 05/2013 ROC
3b 167 41 05/2013 ROC
1 247 34 04/2010 ROC
1 289 37 07/2009 ROC
1 169 33 12/2004 ROC
2,241
2,864
03/2027 n/a
03/2035 2.0
03/2035 2.0
11/2032 2.0
11/2032 2.0
11/2032 2.0
11/2032 2.0
04/2030 2.0
07/2029 1.5
03/2027 1.0
Asse
Total capacity E.ON share
MW %
Onshore
Alcamo 32 100
Florinas 20 100
Iardino 14 100
Marco A. Severino 32 100
Marco A. Severino II 12 100
Montecute 42 100
Montecute II 2 100
Piano di Corda I 38 100
Piano di Corda II 6 100
Poggi Alti 20 100
Santa Ninfa (Trapani) (G52 part) 9 100
Santa Ninfa (Trapani) (G58 part) 24 100
Serra Pelata I 42 100
Serra Pelata II 12 100
Vizzini 24 100
Total Italy 328
1. Total production of the wind farm irrespective of the E.ON share (100% view)
Assets Italy
Total
Pro rata Accounting Load
production COD
MW treatment factor %
2017 GWh1
32 1 70 25 10/2011
20 1 30 17 04/2004
14 1 22 18 10/2005
32 1 56 20 10/2007
12 1 21 20 10/2007
42 1 78 21 11/2006
2 1 4 21 11/2006
38 1 74 22 12/2007
6 1 12 23 06/2010
20 1 33 19 12/2006
9 1 17 23 01/2007
24 1 48 23 01/2007
42 1 99 28 12/2007
12 1 28 23 11/2010
24 1 37 18 12/2006
328 629
Support Support
regime expiry
FIP 10/2026
expired 04/2016
expired 11/2017
FIP 10/2019
FIP 10/2019
FIP 02/2019
FIP 02/2019
FIP 02/2021
FIP 02/2021
FIP 01/2019
FIP 01/2019
FIP 01/2019
FIP 12/2019
FIP 12/2019
FIP 12/2018
Assets
Total
E.ON share Pro rata
capacity
% MW
MW
Offshore
Rødsand 2 207 20 41
Total Denmark 207 41
1. Total production of the wind farm irrespective of the E.ON share (100% view)
2. Level of CfD strike price
Assets Denmark
Total
Accounting Load Support
production COD
treatment factor % regime
2017 GWh1
01/2022 629
Assets
Total capacity E.ON share
MW %
Onshore
Boel (decom) 0 100
Knäred 20 100
Lilla Edet 6 100
Lundåkra 1 & 2 4 100
Lundåkra 3 & 4 5 100
Nybro 20 90
Öringe 6 80
Örja 6 100
Örken 18 100
Skabersjö 10 51
Villköl 21 100
Vindön 7 100
Total onshore Sweden 123
Offshore
Karehamn 48 100
Total offshore Sweden 48
Total Sweden 171
1. Total production of the wind farm irrespective of the E.ON share (100% view)
Assets Sweden
Total
Pro rata Accounting Load
production COD
MW treatment factor %
2017 GWh1
0 1 3 33 01/2001
20 1 55 31 05/2012
6 1 18 34 03/2011
4 1 10 28 01/2003
5 1 15 33 01/2008
18 2 62 36 12/2011
5 2 18 34 09/2011
6 1 20 39 10/2012
18 1 49 31 12/2012
5 2 31 36 02/2012
21 1 62 34 02/2013
7 1 17 26 01/1996
115 361
48 1 199 48 10/2013
48 199
163 561
Support Support
regime expiry
expired 12/2015
Green Certificate 04/2027
Green Certificate 04/2026
expired 12/2014
Green Certificate 10/2018
Green Certificate 09/2026
Green Certificate 05/2026
Green Certificate 09/2027
Green Certificate 11/2027
Green Certificate 03/2027
Green Certificate 02/2028
expired 01/2011
Green
07/2028
Certificate
Asset
Total capacity E.ON share
MW %
Onshore
Barzowice I 21 100
Lebcz I 8 67
Lebcz II 10 67
Wielkopolska 53 100
Wielkopolska 2a 15 100
Wysoka 8 100
Wysoka II 48 100
Total Poland 161
1. Total production of the wind farm irrespective of the E.ON share (100% view)
Assets Poland
Total
Pro rata Accounting Load
production COD
MW treatment factor %
2017 GWh1
21 1 68 38 09/2011
5 2 18 27 01/2007
7 2 18 21 01/2008
53 1 131 28 07/2010
15 1 34 26 01/2014
8 1 14 23 03/2013
48 1 94 23 01/2014
155 377
Support Support
regime expiry
Green
07/2026
certificate
Green
06/2022
certificate
Green
09/2023
certificate
Green
03/2025
certificate
Green
10/2029
certificate
Green
09/2028
certificate
Green
09/2029
certificate
As
Total
E.ON share Pro Rata
capacity
% MW
MW
Onshore
Anacacho 100 100 100
Bruenning's Breeze 228 100 228
Champion 127 100 127
Colbeck’s Corner (Grandview II) 200 100 200
Forest Creek 124 100 124
Grand View I 211 50 106
Inadale 197 100 197
Magic Valley I 203 20 41
Munnsville 35 100 35
Panther Creek - Phase I 143 100 143
Panther Creek - Phase II 116 100 116
Panther Creek - Phase III 200 100 200
Papalote Creek I 180 50 90
Papalote Creek II 200 50 100
As
Total
E.ON share Pro Rata
capacity
% MW
MW
Pioneer Trail 150 100 150
Pyron 249 100 249
Radford's Run 306 100 306
Roscoe 209 100 209
Sand Bluff 90 100 90
Settlers Trail 150 100 150
Stony Creek 53 50 26
Wildcat I 203 20 41
Total onshore 3,672 3,026
PV4 & Energy Storage (ES)
Tech Park (PV) 5 100 5
Valencia (PV) 10 100 10
Iron Horse (PV + ES) 12 100 12
Total PV & Energy Storage 27 27
Total US 3,699 3,053
1. Total production of the wind farm irrespective of the E.ON share (100% view)
2. Load factors for Bruenning's Breeze and Radford's run are on an estimation basis due to late year COD
3. US Remuneration only shows value of PTC
4. Capacity measurement in AC
Assets US
Total
Accounting Load Support
production COD
treatment factor %2 regime
2017 GWh1
REC/PT
1 333 39 12/2012
C
REC/PT
1 53 41 12/2017
C
REC/PT
1 366 34 02/2008
C
REC/PT
1 838 49 05/2016
C
REC/PT
1 387 36 03/2007
C
REC/PT
3a 835 46 12/2014
C
1 509 30 09/2009 REC
REC/PT
3a 677 39 10/2012
C
1 97 33 10/2007 PTC
REC/PT
1 479 39 09/2008
C
REC/PT
1 375 37 12/2008
C
1 609 35 08/2009 REC
3a 511 33 09/2009 REC
3a 567 33 12/2010 REC
Assets US
Total
Accounting Load Support
production COD
treatment factor %2 regime
2017 GWh1 REC/PT
1 468 37 01/2012
C
1 713 33 02/2009 REC
REC/PT
1 132 44 12/2017
C
REC/PT
1 554 31 02/2008
C
REC/PT
1 176 23 01/2008
C
REC/PT
1 414 32 10/2011
C
3a 153 34 11/2009
REC/PT
3a 699 40 12/2012
C
9,946
y
12/2022 24 e
n
s
12/2027 24
o
n
02/2018 24 y
o
05/2026 24 e
expired s no
n
12/2024 24
o
expired y no
09/2022 24 e
expired s yes
n
12/2018 24
o
n
12/2018 24
o
expired no
expired yes
expired yes
Support
Support
level PPA
expiry y
$/MWh3
12/2021 24 e
expired s no
n
12/2027 24
o
n
02/2018 24
o
n
01/2018 24
o
n
09/2021 24
o
expired y yes
12/2022 24 e
s
y
03/2033 n/a e
y
03/2033 n/a s
e
03/2047 n/a s no
E.ON share of project
Capacity view
Pro rata MW
Accounting MW
Profit and loss statement
Contribution to EBITDA
Contribution to depreciation
Contribution to EBIT
Contribution to at equity income as part of EBIT
Minorities
Cash flow statement
Consideration in
operating cash flow
Consideration in investing cash flow
Consideration in financing cash flow1
Balance sheet assets
Consolidated assets
Equity investments
1. Disregarding any financing structures (e.g. Tax equity, project financing etc.)
2. Dividends
Model 1 Model 2
(full consolidation) (full consolidation)
100% >50% < 100%
100% 100%
100% 100%
100% 100%
n/a n/a
n/a (100% - E.ON share)
100% 100%
100% 100%
n/a (100% - E.ON share)
100% 100%
n/a n/a
nancing etc.)
Model 3a Model 3b
(at equity consolidation) (pro rata consolidation)
= < 50% = < 50%
0% pro rata
0% pro rata
0% pro rata
pro rata n/a
n/a n/a
n/a
n/a
0%
0%
0%
pro rata
n/a
n/a
pro rata
pro rata
n/a
n/a
pro rata
German nuclear power plants act
Total E.ON Accountin
Pro rata
Power plant capacity share g
MW
MW % MW
Isar 2 1,410 75.0 1,058 1,058
Brokdorf 1,410 80.0 1,128 1,410
Grohnde 1,360 83.3 1,133 1,360
Gundremmingen C 1,288 25.0 322 322
Emsland 1,335 12.5 167 0
Total 6,803 ### 4,150
1. Excludes nuclear power plant Gundremmingen B (final shutdown on December 31, 2017)
clear power plants active/in operation
Total Pro rata Accounting
Start up Closure
productio productio production
year of plant
n TWh1 n TWh1 TWh1
11 8 8 1988 2022
5 4 5 1986 2021
9 8 9 1985 2021
10 2 2 1984 2021
11 1 0 1988 2022
46 24 25
E.ON as operator
Würgassen 670
Stade 640
Isar 1 878
Grafenrheinfeld 1,275
Unterweser 1,345
E.ON as minority shareholder
Brunsbüttel 771
Krümmel 1,364
Gundremmingen A 237
Gundremmingen B 1,284
German nuclear power plants shut down
33 2011 2018
50 2011 2019
25 1980 1983
25 2017 2018
shut down
Current Progress of
phase decommissioning
Decommissioning
Decommissioning
Decommissioning
Final shut down
Final shut down
Energy Networks
Germany
Städtische Werke Magdeburg GmbH & Co. KG
Energie und Wasser Potsdam GmbH
REWAG Regensburger Energie- und Wasserversorgung
Stadtwerke Brandenburg an der Havel GmbH & Co. KG
CEE&Turkey
Západoslovenská energetika a.s.
Enerjisa Enerji A.Ş.
Enerjisa Üretim
Customer Solutions
Gasag Berliner Gaswerke Aktiengesellschaft
ŠKO-ENERGO FIN, s.r.o.
Non-core business (PreussenElektra)
Uranit GmbH2
Other
Nord Stream AG
Not reflected in Adjusted EBIT/ Net Income
Uniper SE3
Uranit GmbH is a holding company holding 33% of Urenco Ltd. Urenco Ltd. is an
international company active in uranium mining, conversion, enrichment and
fabrication.
Owner and operator of the Nord Stream gas pipeline from Russia to Europe
26.7 17.1
35.0 10.6
35.5 8.0
36.8 6.1
49.0 48.2
50.0 23.4
50.0 -27.9
36.9 9.3
42.5 5.7
50.0 49.1
15.5 67.0
46.7 466.4
€m Q1 20161 Q2 2016 H1 2016 Q3 2016 9M 2016 Q4 2016 FY 2016
Sales 11,271 8,983 20,254 7,944 28,198 9,975 38,173
Adjusted EBITDA2 2,012 889 2,901 739 3,640 1,299 4,939
Depreciation/amortization recognized in Adjusted EBIT -441 -459 -900 -429 -1,329 -498 -1,827
Adjusted EBIT2 1,571 430 2,001 310 2,311 801 3,112
Economic interest expense (net) -422 -388 -810 -308 -1,118 -334 -1,452
Adjusted EBT2 1,149 42 1,191 2 1,193 467 1,660
Income Taxes on Adjusted EBT -384 -72 -456 69 -387 -91 -478
% of Adjusted EBT 33% 171% 38% -3450% 32% 19% 29%
Non-controlling interest on results of operations -107 -24 -131 -34 -165 -113 -278
Adjusted Net Income2 658 -54 604 37 641 263 904
Adjusted EBITDA2
€m Q1 201611 Q2 2016 H1 2016 Q3 2016 9M 2016 Q4 2016 FY 2016
€m Q1 2016 Q2 2016 H1 2016 Q3 2016 9M 2016 Q4 2016 FY 2016
Energy Networks 805 553 1,358 565 1,923 756 2,679
Germany 492 301 793 291 1,084 423 1,507
Sweden 154 125 279 132 411 151 562
CEE & Turkey 159 127 286 142 428 182 610
Customer Solutions 662 141 803 -40 763 347 1,110
Germany 140 56 196 -4 192 107 299
UK 304 34 338 -41 297 163 460
Other 218 51 269 5 274 77 351
Renewables 255 191 446 138 584 212 796
Onshore Wind/ PV 112 60 172 57 229 79 308
Offshore Wind/ Other 143 131 274 81 355 133 488
Corporate Functions/ Other -28 -46 -74 -17 -91 -242 -333
Consolidation 27 -15 12 10 22 -8 14
Non-core business (PreussenElektra) 270 57 327 83 410 234 644
Other (Divested Operations) 21 8 29 0 29 0 29
Total 2,012 889 2,901 739 3,640 1,299 4,939
Adjusted EBIT2
€m Q1 201611 Q2 2016 H1 2016 Q3 2016 9M 2016 Q4 2016 FY 2016
€m Q1 2016 Q2 2016 H1 2016 Q3 2016 9M 2016 Q4 2016 FY 2016
Energy Networks 570 302 872 324 1,196 475 1,671
Germany 348 144 492 146 638 256 894
Sweden 113 84 197 91 288 110 398
CEE & Turkey 109 74 183 87 270 109 379
Customer Solutions 588 71 659 -111 548 264 812
Germany 120 44 164 -20 144 88 232
UK 280 11 291 -64 227 138 365
Other 188 16 204 -27 177 38 215
Renewables 163 91 254 55 309 121 430
Onshore Wind/ PV 59 -6 53 13 66 26 92
Offshore Wind/ Other 104 97 201 42 243 95 338
Corporate Functions/ Other -43 -66 -109 -28 -137 -261 -398
Consolidation 24 -11 13 8 21 -6 15
Non-core business (PreussenElektra) 248 35 283 62 345 208 553
Other (Divested Operations) 21 8 29 0 29 0 29
Total 1,571 430 2,001 310 2,311 801 3,112
€m Q1 2017 Q2 2017 H1 2017 Q3 2017 9M 2017 Q4 2017 FY 2017
€m Q1 2017 Q2 2017 H1 2017 Q3 2017 9M 2017 Q4 2017 FY 2017
Energy Networks 4,199 4,428 8,627 4,240 12,867 4,123 16,990
Germany 3,426 3,782 7,208 3,589 10,797 3,402 14,199
Sweden 298 265 563 268 831 241 1,072
CEE & Turkey 475 381 856 383 1,239 480 1,719
Customer Solutions 6,546 4,649 11,195 4,284 15,479 6,088 21,567
Germany 2,291 1,626 3,917 1,507 5,424 2,028 7,452
UK 2,151 1,572 3,723 1,360 5,083 2,122 7,205
Other 2,104 1,451 3,555 1,417 4,972 1,938 6,910
Renewables 376 334 710 420 1,130 474 1,604
Onshore Wind/ PV 188 201 389 302 691 236 927
Offshore Wind/ Other 188 133 321 118 439 238 677
Corporate Functions/ Other 197 195 392 170 562 234 796
Consolidation -1,202 -1,030 -2,232 -1,099 -3,331 -1,246 -4,577
Non-core business (PreussenElektra) 364 527 891 339 1,230 355 1,585
Other (Divested Operations) 0
Total 10,480 9,103 19,583 8,354 27,937 10,028 37,965
Adjusted EBITDA1
€m Q1 2017 Q2 2017 H1 2017 Q3 2017 9M 2017 Q4 2017 FY 2017
€m Q1 2017 Q2 2017 H1 2017 Q3 2017 9M 2017 Q4 2017 FY 2017
Energy Networks 869 639 1,508 627 2,135 792 2,927
Germany 562 334 896 321 1,217 424 1,641
Sweden 173 147 320 147 467 165 632
CEE & Turkey 134 158 292 159 451 203 654
Customer Solutions 410 194 604 -20 584 263 847
Germany 71 51 122 25 147 45 192
UK 185 97 282 -64 218 135 353
Other 154 46 200 19 219 83 302
Renewables 249 137 386 122 508 277 785
Onshore Wind/ PV 113 69 182 27 209 90 299
Offshore Wind/ Other 136 68 204 95 299 187 486
Corporate Functions/ Other -85 -53 -138 -39 -177 -70 -247
Consolidation 0 -9 -9 2 -7 -4 -11
Non-core business (PreussenElektra) 74 290 364 133 497 157 654
Other (Divested Operations)
Total 1,517 1,198 2,715 825 3,540 1,415 4,955
Adjusted EBIT 1