E ON : 03/23/2020, E.ONnext

E.ONnext

npower and E.ON customers will be migrated onto new platform E.ONnext

100% owned by E.ON UK

next

						KRAKEN TECHNOLOGIES
		Npower customer		E.ON customer	All customers
	Todaymigration start		migration start	on E.ONnext
				Wind-down npower operations
		Migration npower's B2C and	Migration of E.ON'sB2C and SME
		SME customers onto E.ONnext	customers onto E.ONnext
2020			Phase 1	2021	Phase 2	2022

1

Development of E.ONnextwith significant benefits

	State-of the art and future-proof technology platform replacing current
Leading technology	E.ON UK system
	Stable and fast migration of npower customers through extensive
De-risked migration	migration experience of Kraken Technologies
	Differentiated, superior customer experience enabled by technology with
Customer satisfaction	the customer at the heart of all acting and thinking
	Clear path to a cost leadership in the industryfrom 2023 onwards

Cost leadership

2

New business model ensures higher profitability beyond 2022

Plan as of March 2020

Combined EBITof at least GBP100m in 2022

EBIT to be improved bymore than GBP 50m in 2023

and more than GBP 100m beyond 2023 compared to previous plan1

Due to accelerated efforts in restructuring and migration, free cash flowwill be positive only from 2023 onwards2

Restructuring charges remain at level of up toGBP 500m3

Plan as ofNovember 2019

Combined EBIT:

at least GBP 100m in 2022

Free cash flow for combined E.ON UK business will

bepositive in 2022

Restructuring charges of up toGBP 500m

1. Like-for-like plan before potential impact of COVID-192.After smart meter investments 3. Majority to be shown in non-operating result

3

E.ON Group Investor Relations Contacts

Analysts & Institutional Investors

Verena Nicolaus-Kronenberg	Martin Jäger
Head of Investor Relations	Manager Investor Relations
[e-mail]	[e-mail]
[phone]	[phone]
Martina Burger	Max Sadrina
Manager Investor Relations	Manager Investor Relations
[e-mail]	[e-mail]
[phone]	[phone]
Sebastian Gaßner	Andreas Thielen
Manager Investor Relations	Manager Investor Relations
[e-mail]	[e-mail]
[phone]	[phone]
Tobias Harburg	Britta Wöhner
Manager Investor Relations	Manager Investor Relations
[e-mail]	[e-mail]
[phone]	[phone]

Private Shareholders

Sandra Schuck

Manager Investor Relations [e-mail][phone]

Event & Roadshow Management

Lydia Beck

Assistant Investor Relations [e-mail]

[phone]

Vanessa Brinkmann Assistant Investor Relations [e-mail][phone]

Carmen Mombour

Assistant Investor Relations

[e-mail][phone]

General Contact:

[phone] [e-mail]

5

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 out in 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 any evaluation 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 considered preliminary 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 reliance should be placed on, the fairness, accuracy, completeness or correctness of this information or any other information or opinions contained herein, for any purpose whatsoever.

This presentation may contain forward-looking statements based on current assumptions and forecasts made by E.ON 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 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.

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