#StandWithUkraine

9M 2022 results

Our business proves to be resilient during these unprecedented times

On track despite energy crisis

9M key financials

E.ON 9M 2022 results

Strong

BBB/Baa rating target

Solid operational delivery with recovery in all core markets on track

Relief on energy affordability based on announced customer support mechanisms and price caps

2022 Group EBITDA1 guidance unchanged despite temporary earnings shift in Energy Networks

Growth opportunities and a strong balance sheet allow to maintain dividend growth target of up to 5% p.a.

Core EBITDA1 outlook 2022 adjusted

€6.7-6.9bn

€bn

5.0

5.3

Adj. Core

EBITDA

9M 2021

9M 2022

Debt factor target2

4.8x -5.2x

38.8

33.7

Economic

Net Debt

FY 2021 9M 2022

1. Adjusted for non-operating effects 2. Economic Net Debt/Group EBITDA

2

Core business recovered as expected

E.ON 9M 2022 results

EBITDA1

€m

9M 2021

Energy

Networks

Customer

Solutions

Corp. Functions

  • Other, Cons. Non-Core
    9M 2022

Key drivers

Energy

6,277

+199

Networks

+94

-167m

+14

Customer

Solutions

-473

6,110

Non-Core

Organic RAB growth Milder weather

Germany: Realization of synergies, increasing efficiencies

Sweden, CEE & Turkey: Increased costs for network losses /tariff adjustments

Increased energy procurement cost passed through to customers

Milder weather

Restructuring benefits and realization of synergies

Romania: Adjusted 'Winter Support Scheme'

Higher realized market prices

PreussenElektra: End of operations at Brokdorf & Grohnde; nuclear production rights agreement 2021

1. Adjusted for non-operating effects

3

Financial position remains strong driven by high operational cash flow in Q3

Economic net debt - quarterly comparison

€bn

E.ON 9M 2022 results

-7.9

-7.8

-2.4

Asset Retirement Obligations (ARO)

-2.3

Pension provisions

Net financial position

Debt factor target3

+4.1

-23.6

4.8x -5.2x

+0.9

-27.2

FY 2022 expected

-33.7

at lower end of

+0.1

-0.3

target range4

-1.1

-37.4

END

OCF

Net Investments

Pensions2

Margining

Other

END

H1 2022

Q3 2022

Q3 20221

Effects

(incl. AROs)

9M 2022

1. Net of divestments excl. margining effects 2. Actuarial interest rates for German pensions at 3.8% (vs. 3.3% @ H1 2022), for UK pensions at 5.1% (vs. 3.7% @ H1 2022)

4

3. Economic Net Debt/EBITDA, EBITDA adjusted for non-operating effects 4. Based on interest rate environment as of 30 September 2022

Further developments in retail markets address security E.ON 9M 2022 results of supply and customer affordability

Update on support schemes in retail markets

Approved since H1 reporting Proposed since H1 reporting

Germany

UK

Netherlands

Demand reduction targets

Power 5% / 10% (peak/off-peak)

No official targets yet set

Power 5% / 10% (peak/off-peak)

Gas 15%

Gas 15%

Price cap (Mar '23) 1

SVT price cap of £2,500 2

Price Cap (Jan '23) 3

End customer pricing

€40 ct./kWh for power;

€40 ct./kWh for power;

until April 2023

€12 ct./kWh for gas

€1.45/m3 of gas

Energy bill support schemes

State taking over Dec bill

£400 discount/customer

€1,300 discount/vuln. customer

5

Several support payments,

€190/month payment

£1,200 discount/vuln. customer

e.g. €300 payment/pensioner

for Nov-Dec '22

1. For retail customers and 80% of basic consumption 2. Based on an avg. customers consumption 3. For the first 1.200 m3 of gas; 2.900 KWh electricity

5

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E.ON SE published this content on 09 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2022 06:10:03 UTC.