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Annual Report

2021

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In our markets, we encounter a wide variety of customer needs, new market participants and technologies, and a constantly evolving legal framework for the energy transition. Our expectation is clearly defined:

E.ON Annual Report 2021

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About E.ON

Europe's energy system is becoming ever lower in CO2, more decentralized and digital. In short: more sustainable. Our two core business areas-energy ­networks and customer solutions-are making a

significant­ contribution to this. As one of the largest European operators of energy networks and energy infrastructure and provider of innovative customer ­solutions, the contribution of our around 72,000 employees is crucial to successfully driving forward the energy transition in Europe.

Energy Networks

Customer Solutions

Our distribution networks are the backbone of the new energy world. We are gradually developing them into intelligent platforms that control complex energy and data flows and provide customers with new options for dealing with energy. Without distribution net- works, there can be no energy transition and no climate protection. The expansion, modernization and operation of distribution networks support security of supply and ensure the most efficient use of green electricity. This makes our networks the foundation of liveable cities, communities and regions.

Our solutions help customers meet their personal energy needs and decarbonization goals. This includes both energy sales with its diverse green electricity and green gas tariffs, and our solutions business with its innovative, sustainable and digital products and services. With solar power systems, e-mobility, energy storage, sensible energy control and solutions for sector coupling our customers reduce their costs and emissions on the one hand-and increase their comfort and quality of life on the other. This applies equally to private customers and small businesses as well as large companies and municipalities.

E.ON Annual Report 2021

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E.ON at a Glance

  1. E.ON at a Glance
  2. Our Business Strategy in Figures
  3. Operational and Sustainability Key Figures by Segment
  1. Key Figures of the E.ON Group
  2. Connecting Everyone To Good Energy
  1. To Our Investors
  2. E.ON on the Capital Market
  1. The E.ON Management Board
  2. CEO Letter

29

Report of the Supervisory Board

34 Combined Group Management Report

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Contents

105 Compensation Report

137 Separate Combined Non-Financial Report

163

Consolidated Financial Statements

165

Consolidated Statement of Income

166

Consolidated Statement of Recognized Income and Expenses

167

Consolidated Balance Sheets

168

Consolidated Statement of Cash Flows

169

Consolidated Statement of Changes in Equity

171

Notes

279 Other Information

  1. Declaration of the Management Board
  2. Independent auditor's report

36

42

48

53

81

83

92

94

96

Corporate Profile Strategy and Innovation Employees

Business Report

Forecast Report

Risks and Chances Report

Internal Control System for the Accounting Process Disclosures Regarding Takeovers

Corporate Governance Declaration

  1. Independent Practitioner's Report on Non-Financial Reporting
  1. Boards

294

Summary of Financial Highlights

296

Financial Calendar and Imprint

E.ON Annual Report 2021

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2021

5

E.ON at a Glance

2021 financial year successfully concluded despite the ongoing pandemic and crisis on energy markets- adjusted EBIT and adjusted net income slightly above the forecast that was revised in August

Dividend of €0.49 per share proposed­ for the 2021 financial year

E.ON adopts new growth strategy with targets through 2026 with focus on sustainability and digitalization

Framework conditions in the German network business set: Federal Network Agency sets return on equity for the fourth regulatory period for electricity and gas at 5.07 percent

Success of PreussenElektra: Agreement on output rights for nuclear power stations with positive outcome for

E.ON

Sustainability course successfully continued: E.ON

supports­ the United Nations Environment Programme with ecological power-line pathway management

E.ONE.ONGeschäftsberichtAnnual Report 2021

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E.ON SE published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2022 06:07:01 UTC.