Capital Market Story June 2015
Executive summary
Executing new strategy and spin-off: now getting into the details Growing resilience in a still tough environment Staying focused on running and improving our businesses
Visual One2Two project
1
E.ON to split into two publicly listed companies E.ON to spin off a majority stake in Uniper, its power & gas upand midstream businesses, to its shareholders
Uniper Empowering
Shaping
customers
markets
Intention to divest remaining stake in Uniper over the medium term post spin-off Spin-off expected to be completed in 2016 Divestment of Spanish activities completed; divestment of Italian activities in progress; E&P North Sea under review
Two highly competitive companies with distinct identities
2
Two very different energy worlds emerging Conventional energy world Central generation
Transmission Commodity markets
Upstream
System-centric Security of supply Global/regional perspective Large scale, central Conventional technologies
Energy efficiency Distributed generation
Heat Demand response
Renewables
VPPs
Customers Customers
New energy world
Distribution
Sales Value-added products
3
Data-driven services
Customer-centric Sustainability Local proximity
City solutions
Small scale, distributed Clean technologies
E-mobility
Two leading companies for two energy worlds 1
Uniper Generation Hydro
Renewables
Wind/Solar/Other
Upstream
E&P Global Commodities
Distribution
Global Commodities Germany Other EU Countries
Customer Solutions
Russia Turkey
Power Generation
Brazil
Distinct opportunities, mindsets and capabilities
4
1. Details regarding allocation of businesses still under discussion
Accelerating E.ON’s transformation Strategic Stronger and more focused companies More responsive to changing customer requirements and market dynamics Expands strategic options
Operational Improves alignment between rewards and results
Financial
Simplifies organizational structures
Optimizes the financial profiles of each company to enable distinct investment and growth opportunities
Accelerates decision making
Enhances capital allocation efficiency Provides two different and compelling investment opportunities
Compelling benefits from the transaction
5
Business portfolio of future E.ON1 Renewables
Distribution
Customer Solutions
~4.0 GW capacity ~15 GW global pipeline
>1 million km networks ~26m grid customers
~32 million sales customers
Europe onshore 1.1 GW
Germany 440 000 km
UK
7.7m
Europe offshore 0.5 GW
Sweden
Germany
6.3m
US onshore
Other EU2 311 000 km
Other EU2
9.4m
Turkey2
Turkey2
9.0m
2.3 GW
137 000 km 200 000 km
Portfolio focused on the new energy world
6
1. 2014 figures, corrected for Spain/Italy disposals agreed to 2. E.ON holds 49% in ZSE and 50% in Enerjisa. Figures for ZSE and Enerjisa included at 100%
Strategy of future E.ON Renewables Internationally leading Stronger growth in wind on- and offshore provider of large and mid- Expand and build in new geographies scale wind & PV solutions Significantly improve position in solar PV Distribution Benchmark for network performance and the new DSO integrator role Customer Solutions Leading provider of customer solutions for the new energy world
Higher investments in networks, stronger push towards remote and digital capabilities Selective, synergistic acquisitions in existing regions Reach scale in energy efficiency and on-site generation Intensify innovative offerings for the physical and digital new energy world Stronger growth in heat and sustainable cities
Customers’ choice for powering energy solutions 7
Business portfolio of Uniper1 Upstream2
Global Commodities
Power Generation
46 GW of capacity3
Russia Production 37.3 mm boe
Coal supply Gas LTCs Gas storage LNG regas
29 m t 35 bcm 9 bcm 4.7 bcm
Germany UK
7.5 GW
Sweden
6.5 GW
Other Europe
5.0 GW
Russia
9.9 GW
Among the top in European power and gas
8
17.2 GW
1. 2014 figures, corrected for Spain/Italy disposals agreed to 2. Strategic review of E&P North Sea 3. E.ON holds 83% of E.ON Russia and 43% of Eneva. E.ON Russia included at 100%, Eneva not included.
Strategy of Uniper Strong base Attractive power and gas portfolio, among the top in Europe Excellent reputation in engineering and operations of conventional assets Leading generator and delivery quality in Russia Global trading house
Strong future Contributing to security of supply in power and gas to Germany and Europe Platform for consolidation of European generation Trustworthy counterparty for global energy arbitrage and 3rd party services
Upside potential Capacity mechanisms across Europe ETS revitalization Commodity markets recovery Opportunities from global arbitrage Selected growth in international generation in later years
Reshaping the conventional energy world
9
Proposition for customers, employees and other stakeholders
Uniper Empowering customers
Shaping markets
Retains and attracts employees as it offers opportunities in a growing market and with a clear purpose
Offers employees opportunities in a leading company with significant upside potential
Responds to the fundamental customer need wanting solutions – and not commodities or technologies
Offers partners a platform to cooperate and benefit by raising efficiency via consolidation and 3rd party services
Enables societies to build their lives and future on cleaner and more sustainable answers
Enables societies to transform energy systems at high standards of security of supply
Two highly attractive companies 10
Financial indications EBITDA break-down
Financial aspects
100% of EBITDA
Capex roughly twice depreciation, close to OCF, at future E.ON
Future E.ON Renewables Customer solutions
Capex significantly below depreciation at Uniper
Distribution
Capital structure 2013
2014
Uniper
Most financial debt at E.ON, including all bonds Nuclear provisions at Uniper
Global commodities Upstream
Pension provisions to follow employees (~40k E.ON / ~20k Uniper)
Power generation
Positive net financial position at Uniper 2013
11
Capex 1
2014
1. Capex 2016-2017, based on MTP 2015-2017
Dividend during transition phase 0.60 €/share
0.50 €/share
Dividend of 0.50 €/share for 2014 and 2015 intended Fixed dividend to bridge transition phase Fixed dividend to remove uncertainty stemming from divestments 2013 paid in 2014
2014 to be paid in 2015
2015 to be paid in 2016
0.50 €/share dividend for 2014 and 2015
12
Key milestones Q2 2015
Organizational set-up and segmentation Governance principles Management teams Carve-out concept
1 Jan 2016 Both companies legally and operationally independent Carve-out effective Employees allocated to both companies Binding tax rulings obtained
May 2016 AGM invitation Detailed financial & legal documentation
8 Jun 2016 AGM decision
H2 2016
Spin-off ratio defined
Roadshows & capital market communication
Capital market day & roadshows
BaFin approval of prospectus
Capital structure determined Equity story, incl. strategy, KPIs, dividend policy, etc
Eyeing a completion of the spin-off in the second half of 2016 13
H2 2016 Listing
Governance & Steering of both companies defined
Headquarters and management teams
Uniper Headquarters: Essen
Headquarters: Düsseldorf
Management team:
Management team:
Johannes Teyssen
Michael Sen
Klaus Schäfer
Christopher Delbrück
Chief Executive Officer
Chief Financial Officer
Chief Executive Officer
Chief Financial Officer
Bernhard Reutersberg Leo Birnbaum
Eckhardt Rümmler
N.N.
Chief Markets Officer
Chief Operations Officer
Chief Commercial Officer
Chief Regions Officer Das Bild k ann zurzeit nicht angezeigt werden.
14
Strategy and business developments Sustaining performance culture Disciplined investing in growth areas Generation: capacity markets gaining momentum Renewables: offshore wind projects on track Distribution: strong foundations for steady growth Customer Solutions: empowering customers
15
Sustaining performance culture E.ON 2.0 targets already achieved in 2014
Net cost savings €0.1-0.2bn
Targeted ~€1.3bn of net cost savings already achieved by 2014
Other cost savings
€0.4bn
~10.800 FTE reduction achieved by end 2014 €0.7bn
E.ON 2.0
Cost savings in 2015 and beyond Net cost savings of €0.1-0.2bn in 2015
€0.2bn
Cost reductions in established businesses to clearly beat inflation
2012A
Part of cost savings will be ‘reinvested’ in operational excellence and in growing activities
2013A
2014A
2015E
E.ON 2.0 HR impact 85.4
-16.8
In thousand full-time equivalents
80
Working Capital Excellence Aim to improve net working capital by at least €1bn like-for-like between end 2012 and end 2016 ~€0.4bn already realized by year end 2014
16
+1.4
70
-10.8 59.3
60 50 2010A
Portfolio effects
Other effects
E.ON 2.0
2014A
Disciplined investing in growth areas Capex 2012-20151
€bn
8
2015 capex planned at ~€4.3bn, including additional capex announced in December
6 4
2015 capex in Wind & Solar, Distribution Networks and Customers Solutions ~€3.1bn, up ~€0.4bn YoY
2 0 2012A
2013A
Russia & Brazil Generation + Hydro Wind & Solar Distribution Networks
17
2014 capex of €4.6bn, ~8% lower than initially planned
>70% of 2015 capex in Wind & 2014A 2015E Solar, Distribution Networks and E&P & Global Commodities Customers Solutions Turkey Customer Solutions
1. Excluding €1.5bn asset swap with Verbund in 2013
Generation: capacity markets gaining momentum Hedging & achieved prices
Regulatory developments
Hedging Central Europe
Capacity markets
60
€/MWh E.ON achieved /hedged prices
45 30
Average spot / forward price
15 0 2013A
2014A
2015E
2016E
Power hedging delivered substantial benefits in last few years Hedged ahead of our competitors Hedged prices now converging towards current forward prices
18
EU Commission to develop reference model for Capacity Remuneration Mechanisms UK Auction for 2018-19 capacity in Dec 2014 ~6 GW of E.ON generation portfolio won capacity agreements More than £100m EBITDA impact Progress in Italy, France and Belgium Germany lagging behind European Emissions Trading EU parliament supports Market Stability Reserve with ambitious targets Next important step is agreement among EU Member States
Renewables: offshore wind projects on track Amrumbank West 288 MW Kårehamn
Robin Rigg
Humber Gateway Scroby Sands Rampion
Amrumbank West Arkona Alpha ventus Rödsand 2
~€1bn capex Start in Autumn 2015 Humber Gateway 219 MW
London Array
In operation Under construction In development
~€1bn capex Start in Autumn 2015
Continued growth in wind & solar 211 MW Grandview I wind farm in Texas commissioned in December 2014 ~€4.7bn of investments in Wind & Solar between 2012 and 2015 Three build-and-sell transactions between 2012 and 2014 for ~€1.3bn
19
Distribution: strong foundations for steady growth Regulatory asset base
Current regulatory discussion Germany
Distribution capex vs. regulatory depreciation
€bn
1,5
Network regulator BNetzA published major report “Incentive Regulation 2.0” Example of attractive reform proposal: carry-over mechanism for operational outperformance
1,0 0,5 0,0
Additional benefit 2014A
2015E
Regulatory depreciation
2016E Capex
Capex above regulatory depreciation for the coming years Underlying growth of regulated asset base
20
2019
2024 Allowed revenues with carry-over Currently allowed revenues Effective costs
Additional earnings potential for efficient network operators
2029
Customer Solutions: empowering customers Evolution of customer numbers (in million)
Customer numbers: Focus on margins rather than volumes
8.2
8.0
7.7
UK
6.3
6.2
6.3
Germany
First rise of customer numbers in Germany for many years
9.4
9.4
9.4
Other
European base expected to be stable, strong focus on value
2012
2013
2014
Customer satisfaction:
Evolution Net Promoter Score per market UK
Very important management focus NPS with positive trend in key markets Best-in-class NPS by 2018
Germany
2011
21
2012
2013
2014
2015
Sweden
CustomerFirst program launched
Czech Republic
Focus on improving sales capabilities & customer focus Sustainable earnings improvement
Backup Outlook Financials Economic net debt Dividend Operations IR contacts Reporting calendar & Important links
22
Outlook
2015 outlook EBITDA1,2 €bn FY 2014 EBITDA
8.3
Net cost savings Capacity growth Organic improvement regions Power portfolio E&P Disposals FX Other FY 2015 EBITDA
23
7.0 – 7.6
1. Adjusted for extraordinary effects 2. 2014 EBITDA reflecting the treatment as discontinued operations of the Regional Units Spain and Italy
Outlook
2015 outlook
€bn
2014A 1,3
2015E
EBITDA 2
8.3
7.0 – 7.6
Depreciation
3.7
Economic interest expense
1.6
Taxes
1.1
Non-controlling interests
0.4
Underlying net income 2
1.6
1.4 – 1.8
24
1. Including pro forma adjustment regarding IFRS 10/11 2. Adjusted for extraordinary effects 3. With Regional Units Italy and Spain treated as dicontinued operations
€bn
2014A
2015E
Germany
1.8
Organic improvements and weather normalization
Other EU Countries
1.7
Organic improvements and weather normalization vs. impact of FX and storm cost
Renewables
1.5
Hydro: Lower hydro prices, lower volumes (due to disposals), EC&R: Offshore wind CODs during H2
Generation
2.2
Impact of falling power prices, early shut-down of Grafenrheinfeld, disposals
Exploration & Production
1.1
Lower volumes and lower prices
Global Commodities
0.0
Improvements in the power and gas business
Non-EU Countries
0.4
Mainly lower Rubel exchange rate
EBITDA1
8.3
7.0 – 7.6
25
1. Adjusted for extraordinary effects
Main drivers
Outlook
2015 EBITDA1 outlook per unit
Financials
Financial highlights
€m
FY 2013 1
FY 2014
% YoY
Q1 2014
Q1 2015
% YoY
119,688
111,556
-7
31,037
30,550
-2
EBITDA 2
9,191
8,337
-9
3,098
2,830
-9
EBIT 2
5,624
4,664
-17
2,243
2,037
-9
Underlying net income 2
2,126
1,612
-24
1,182
1,007
-15
Operating cash flow 5
6,260
6,253
-
2,577
2,532
-2
Investments
7,992
4,633
-42
683
666
-2
-32,218
-33,394
-1,176 4
-33,394 3
-31,736
-1,658 4
Sales
Economic net debt
26
1. 2. 3. 4. 5.
Including pro forma adjustment regarding IFRS 10/11 Adjusted for extraordinary effects As of 31.12.2014 Change in absolute terms Operating cash flow from continuing operations
Financials
FY 2014 EBITDA and EBIT by unit €m
EBITDA 1 FY 2013 2
FY 2014
EBIT 1 % YoY
FY 2013 2
FY 2014
% YoY
Generation
1,936
2,215
+14
1,017
1,201
+18
Renewables
1,464
1,500
+2
1,014
1,044
+3
311
21
-93
192
-75
-
Exploration & Production
1,070
1,136
+6
560
498
-11
Germany
2,387
1,846
-23
1,667
1,184
-29
Other EU Countries 3
2,012
1,732
-14
1,436
1,131
-21
533
439
-18
338
293
-13
-522
-552
-
-600
-612
-
9,191
8,337
-9
5,624
4,664
-17
Global Commodities
Non-EU Countries Group Management / Consolidation Total
27
1. Adjusted for extraordinary effects 2. Including pro forma adjustment regarding IFRS 10/11 3. Reflecting the treatment as discontinued operations of the Regional Units Spain and Italy
Financials
Q1 2015 EBITDA and EBIT by unit €m
EBITDA 1
EBIT 1
Q1 2014
Q1 2015
% YoY
Q1 2014
Q1 2015
% YoY
Generation
916
749
-18
694
548
-21
Renewables
569
385
-32
465
300
-35
-1
167
-
-26
143
-
Exploration & Production
339
277
-18
192
129
-33
Germany
590
637
+8
437
480
+10
Other EU Countries
693
686
-1
540
541
+/-0
Non-EU Countries
105
87
-17
69
71
+3
Group Management / Consolidation
-113
-158
-
-128
-175
-
3,098
2,830
-9
2,243
2,037
-9
Global Commodities
Total
28
1. Adjusted for extraordinary effects
Financials
2014 EBITDA development 1,2,3 €bn 9.2
FY 2013
0.1
E&P
0.4
E.ON 2.0 Renewables (EC&R)
0.1
Nuclear fuel tax
0.2 -0.6
Disposals FX effects
-0.2
German regulation
-0.3
Region Czechia
-0.2
Power price and volume effect Gas optimization Other
-0.1 -0.1
FY 2014
29
-0.2
8.3
1. Adjusted for extraordinary effects 2. Individual effects rounded 3. Reflecting the treatment as discontinued operations of the Regional Units Spain and Italy
Financials
Q1 2015 EBITDA development 1,2 €bn
3.1
Q1 2014
0.1
Improvement regions Power portfolio
-0.2
E&P
-0.1
Other
-0.1
Q1 2015
30
1. Adjusted for extraordinary effects 2. Individual effects rounded
2.8
Financials
Underlying net income 1 €m
FY 2013 2
FY 2014
% YoY
Q1 2014
Q1 2015
% YoY
9,191
8,337
-9
3,098
2,830
-9
-3,567
-3,673
-
-855
-793
-
5,624
4,664
-17
2,243
2,037
-9
-1,874
-1,612
-
-450
-523
-
3,750
3,052
-19
1,793
1,514
-16
-1,201
-1,090
-
-486
-392
-
32
36
-
27
26
Non-controlling interests
-423
-350
-
-125
-115
-
Underlying net income
2,126
1,612
-24
1,182
1,007
-15
EBITDA Depreciation/amortization recognized in EBIT EBIT Economic interest expense (net) EBT Income taxes on EBT % of EBT
31
1. Adjusted for extraordinary effects 2. Including pro forma adjustment regarding IFRS 10/11
EBITDA1 split 100% Progressive hedging and risk reduction
80% 60% 40%
Stable businesses 53%
20%
Stable businesses make up around 53% of E.ON’s portfolio mix In addition, the risk-profile of our merchant activities benefits from early hedging and generally declining commodity price risks
0% 2012 Regulated
32
2013
2014
Quasi-regulated/LT contracted 2
Merchant 3
1. Adjusted for extraordinary effects 2. Regulated: revenues set by law and based on costs plus a reasonable return on capital employed. Example: Regulated network activities 3. Quasi-regulated and long-term contracted: revenues with high degree of predictability, price and/or volume largely set by law or individual contractual arrangements for the medium- to long-term. Examples: renewables with support mechanisms, generation capacity sold under long-term PPAs
Financials
More than half of EBITDA from stable businesses
Financials
Full year 2014 cash balance €bn 2014 operating cash flow
6.3
Cash effective investments
-4.6
Dividends (post scrip)
-0.8
Free cash flow
0.9
Dividends to non-controlling interests
-0.2
Build & sell proceeds
+0.8
Cash balance
1.5
Adjustment 2014 nuclear tax
-0.4
Adjusted cash balance
33
1. Adjusted for extraordinary effects
1.1
€m
31 Dec 2013 3
31 Dec 2014
31 Mar 2015
Liquid funds
7,814
6,067
8,531
Non-current securities
4,444
4,781
4,982
-22,724
-19,667
-19,366
-46
34
-47
Net financial position
-10,512
-8,785
-5,900
Provisions for pensions
-3,418
-5,574
-6,653
Asset retirement obligations 2
-18,288
-19,035
-19,183
Economic net debt
-32,218
-33,394
-31,736
Financial liabilities Adjustment FX hedging 1
34
1. Net figure; does not include transactions relating to our operating business or asset management 2. Net of Swedish nuclear fund 3. Including pro forma adjustment regarding IFRS 10/11
Economic net debt
Economic net debt
€bn December 31, 2013
-21.7
-10.5
-32.2 1
Dividends
-1.0
Other Pension obligations
-4.6
Net financial position
Provisions and other
Investments
-2.5 -2.2
Divestments
+2.8
Operating cash flow 2 December 31, 2014
+6.3 -24.6
-8.8
1. Figures as of 31.12.2013 include pro forma adjustment regarding IFRS 10/11 (before adjustments YE 2013 economic net debt was €32.0bn) 2. Operating cash flow from continuing operations 35
-33.4
Economic net debt
FY 2014 economic net debt development
€bn December 31, 2014
-24.6
-8.8
-33.4
Investments
Divestments Operating cash flow March 31, 2015
36
Net financial position
Pension obligations
Provisions and other
Other
-0.7 -1.3 -1.1 +2.2 +2.5 -25.8
-5.9
-31.7
Economic net debt
Q1 2015 economic net debt development
Liquidity and financial flexibility
Maturity Profile €bn, as of 31 Dec 2014 1
Revolving credit facility (undrawn) €5bn
4
Liquid funds & non-current securities €10.8bn
3 €1.4bn
Liquidity
€2.7bn
2015 2016 2017 Bond & promissory notes maturities
2
1
0
Flexible funding options
Debt issuance program €35bn
€1.2bn
EUR CP program €10bn
2015 2016 2017 2018 2019 2020 2021 2022 ≥2023 USD CP program $10bn
Revolving credit facility €5bn
No benchmark bond issuance since mid 20092 Currently no bond funding envisaged for 2015
EUR
GBP
USD
CHF
YEN
Other
Upcoming debt maturities easily manageable Long-term and well-balanced debt maturity profile
1. Bonds and promissory notes issued by E.ON SE , E.ON International Finance B.V. and E.ON Beteiligungen GmbH (fully guaranteed by E.ON SE) 2. E.ON Beteiligungen GmbH in 2014 issued a bond exchangeable into shares of Swiss energy company BKW AG with a volume of c. €0.1bn 37
Economic net debt
Strong liquidity and well-balanced maturity profile
Voluntary scrip dividend
Additional option for shareholders to exchange the cash dividend into E.ON shares Cash payment is default Subscription price will be close to market price (considering a discount of up to 3%1)
Use of treasury shares
E.ON will make use of its existing treasury shares
Taxation
Indicative timeline
38
No new shares issued Tax treatment of dividends in cash and in shares is generally equal in Germany (tax portion ~ 28%2) ~ 72 % of cash dividend is exchangeable into E.ON shares3 17 March 7 May 8 May 27 May 5 June
Release of detailed scrip dividend information (E.ON website) AGM Ex-dividend date / start of subscription period End of subscription period / determination of subscription price Payment of cash dividend and delivery of E.ON shares
1. Final amount of discount is subject to rounding of subscription ratio (dependent on reference price); expected to be in a range of 2.5% to 3.0% 2. Includes German Kapitalertragsteuer, SolZ, Kirchensteuer 3. Proposed cash dividend (gross): 0,50€ per share; thereof 0,36€ will be exchangeable into E.ON shares
Dividend
Continuation of scrip dividend scheme
Operations
Conventional generation: earnings drivers Outright hedging 1
EBITDA Generation + Hydro
€/MWh
€bn 2015
~50 ~37
2016
~38
2013A
2014A
2015E
Hydro – Wholesale Generation – Wholesale Hydro – Non-wholesale Generation – Non-wholesale
39
1. Hedging for nuclear and hydro power generation
~33
2017
2012A
~32
~29 0%
20%
40%
60%
Central Europe
80% 100% Nordic
Capacity retirements since 2012 GW, pro-rata 10 1.7 8
1.6
6 3.1 4 2
3.6
0 2012
40
2013
2014
2015 YTD
2014 Fiume Santo 1 & 2 Oil Vilvoorde Gas Datteln 1-3 Coal Lucy 3 Coal Emile Huchet 5 Coal
306 MW 385 MW 303 MW 245 MW 330 MW
Jan 2014 Jan 2014 Mar 2014 Mar 2014 Apr 2014
2015 Scholven D & E Coal 690 MW Scholven F Coal 676 MW Knepper C Coal 345 MW Grafenrheinfeld Nuclear 1275 MW Veltheim 3 Gas 202 MW GT Ummeln Gas 37 MW Veltheim 4 GT Gas 43 MW Emile Huchet 4 Coal 115 MW
Jan 2015 Jan 2015 Jan 2015 Q2 2015 Q2 2015 Q2 2015 Q2 2015 Q3 2015
Operations
Retirements of conventional generation capacity
Operations
E&P - Oil & Gas production m boe
FY 2013
FY 2014
% YoY
Q1 2014
Q1 2015
% YoY
Skarv
10.0
13.5
+36
3.8
3.4
-9
Njord/Hyme
2.4
2.8
+18
0
1.0
-
Elgin-Franklin
0.6
0.9
+60
0.2
0.4
+75
Babbage
0.8
1.4
+75
0.3
0.4
+3
Huntington
0.8
1.2
+52
0.5
0.2
-60
Rita
0.3
0.7
+196
0.2
0.1
-16
Total North Sea
16.5
22.4
+40
5.5
6.1
+12
Yuzhno Russkoje
37.4
37.3
-0
9.8
9.8
-
Total
52.2
60.0
+11
15.3
15.9
+4
41
Nuclear
Generation - E.ON’s nuclear fleet in Germany Start-up date
E.ON share (%)
Capacity (MW)
2014 output (TWh)
2014 remaining volumes (TWh)1
Shutdown date
Isar 1
1979
100.0
878
0.0
2.0
2011
Unterweser
1979
100.0
1,345
0.0
11.2
2011
Brunsbüttel
1977
33.3
771
0.0
11.0
2011
Krümmel
1984
50.0
1,346
0.0
88.2
2011
Grafenrheinfeld
1982
100.0
1,275
9.9
3.8
2015
Gundremmingen B
1984
25.0
1,284
9.5
10.9
2017
Gundremmingen C
1985
25.0
1,288
10.0
18.9
2021
Grohnde
1985
83.3
1,360
9.5
50.6
2021
Brokdorf
1986
80.0
1,410
11,0
52.0
2021
Isar 2
1988
75.0
1,410
10.8
59.5
2022
Emsland
1988
12.5
1,329
11.0
65.4
2022
42
1. Bundesamt für Strahlenschutz, Tabelle der erzeugten Strommengen und verbleibenden Reststrommengen
Nuclear
Nuclear provisions €m
FY 2013
FY 2014
11,271
11,818
5,778
6,035
Advance payments
-1,209
-1,286
Total Germany
15,840
16,567
813
777
1,484
1,425
-1,768
-1,879
529
323
16,369
16,890
Decommissioning Disposal of nuclear fuel rods and operational waste
Decommissioning Disposal of nuclear fuel rods and operational waste Swedish Nuclear Waste Fund Total Sweden Total nuclear provisions in economic net debt
43
E.ON Investor Relations Contact Anke Groth Head of IR
44
T+49 (211) 45 79 345
[email protected]
Marc Koebernick Germany & Switzerland US
T +49 (211) 45 79 239
[email protected]
Dr. Stephan Schönefuß UK Germany
T +49 (211) 45 79 4808
[email protected]
Oliver Röder Russia Nordics
T +49 (211) 45 79 7402
[email protected]
Carmen Schneider Roadshow planning & management, Shareholder ID & Targeting
T +49 (211) 45 79 345
[email protected]
Reporting calendar & important links Reporting calendar August 12, 2015
Interim Report II: January – June 2015
November 11, 2015
Interim Report III: January – September 2015
March 9, 2016
Annual Report 2015
May 11, 2016
Interim Report I: January – March 2016
Important links Capital Market Story
http://www.eon.com/en/investors/presentations/capital-market-story.html
Other Presentations
http://www.eon.com/en/investors/presentations/special-topics.html
Annual Reports
http://www.eon.com/en/about-us/publications/annual-report.html
Interim Reports
http://www.eon.com/en/about-us/publications/interim-report.html
Facts & Figures
http://www.eon.com/en/about-us/publications/facts-and-figures.html
Creditor Relations
http://www.eon.com/en/investors/presentations/bonds.html
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Disclaimer
This presentation may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group Management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.