it's on us

Non-deal Roadshow London/Paris

November 2025



We are the playmaker of the green energy transition in Europe

EBITDA

share1

~76%

Energy Networks

We operate the largest energy distribution grid in Europe and are the backbone of the green energy transition with the most critical infrastructure for society.

Top-3 markets

Regulated asset base2

  • Germany: €28.0bn

  • Sweden: €7.1bn

  • Czech Republic: €2.9bn

EBITDA

share1

~7%

Energy Infrastructure Solutions Industries and cities face major energy supply challenges on their way to climate

neutrality. We provide infrastructure

solutions to support their decarbonization.

Top-3 markets

Adj. EBITDA3

  • UK: €0.23bn

  • Germany: €0.14bn

  • Nordics: €0.11bn

EBITDA

share1

~17%

Energy Retail

We are helping millions of private households and enterprises on their individual green pathway to a net-zero future, providing energy to 47m customers3.

Top-3 markets4

Customer accounts/electricity market share3

  • Germany: 14m (24%)

  • UK: 9m (16%)

  • Netherlands: 4m (25%)



E.ON Non-Deal Roadshow

1. Average EBITDA share over 2025-2028 plan excluding corporate functions. 2. Total regulated asset base (power and gas) as per 31-Dec-2024 (see full definition on page 7). 2

3. As per 31-Dec-2024. 4. Excluding equity participations in Turkey and Slovakia.

Unique position across the utility value chain and geographical diversification with focus on Germany, central and northern Europe

Energy Retail



Energy Infrastructure Solutions



Energy Networks



E.ON has no activities and no legacy assets in:

Large-scale generation4



Active in

SEE2

Sweden

CEE1

Germany

Active in

Germany UK

Nordics

Other3

Active in

Germany Netherlands

UK

Other3

Power & gas transmission



Geographically strong diversified portfolio

with a business focus on Germany, Central and Northern Europe



E.ON Non-Deal Roadshow

1. Central Eastern Europe including Czech Republic, Poland, Slovakia. 2. South Eastern Europe including Hungary, Croatia, Romania, Turkey. 3. As shown as in graph below. 3

4. Large-scale generation feeding into the grid.

Our investment case: five reasons to invest in E.ON

Energy Networks

Long-term growth in a regulated environment

Growth opportunities from the green energy transition well into the 2030s and a regulated business nature provide for a steady and profitable earnings growth path

Energy Infrastructure Solutions

Growth acceleration from contracted infrastructure

Best-in-class energy infrastructure portfolio capitalizing upon decarbonization needs of cities and industries

Energy Retail

Reliable returns and attractive cash generation

Healthy cashflows from a capital light business, further expanded by cross-selling integrated flexible solutions addressing rising demand from electrification

Strategic Foundation

Digitalization and sustainability as strategic backbones

Pioneering the digital transformation of the energy sector and applying strict sustainability criteria as the core foundation for steering the company

Financial Strategy

Focus on value-creation and shareholder returns

Clear value-creation focus and solid financial headroom ensuring an attractive shareholder return outlook including dividends and earnings growth

E.ON Non-Deal Roadshow 4

Our business and financial strategy provide for attractive shareholder returns supported by a strong balance sheet

Shareholder remuneration

Up to 5% DPS growth

p.a. 2024-2028

Earnings growth

High-single-digit EBITDA and EPS growth

Underlying CAGR 2024-2028

Operational growth

10% power RAB growth p.a.

RAB CAGR 2024-20281

Financial capacity

Rating target 'Strong BBB/Baa'

€5-10bn extra balance sheet capacity

E.ON Non-Deal Roadshow 1. Energy Networks Germany. 5

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Disclaimer

E.ON SE published this content on June 09, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 09, 2026 at 08:40 UTC.