E ON : Presentation E.ON H1 2022 Results

#StandWithUkraine

H1 2022 results

Short-term responsibility translates into long-term opportunity

E.ON H1 2022 results

E.ON takes over responsibility in the crisis …

Helping our customers

Providing security of supply

Accelerating

the energy transition

… whilst fully on track for delivery in 2022 and beyond

Solid H1 results despite ongoing crisis

Confirmation of Group targets for 2022

Dividend growth of up to 5% annually until 2026

2

Unprecedented pace in introducing and adapting energy policies in retail markets

Current support schemes in retail markets

E.ON H1 2022 results

	Germany	UK	Netherlands
End customer pricing	EnSiG §26 surcharge	SVT price cap	-
Energy bill support schemes	€300	£1,200	€800
payment/ customer	discount/ vuln. customer	discount/ vuln. customer
Reduction of levies/taxes	Abolishment of EEG surcharge	£150 tax rebate	VAT reduction
			from 21% to 9%

Update since Q1 reporting

3

Implementation of growth strategy fully on track

E.ON H1 2022 results

Growth

Sustainability

Digitalization

• Energy Networks

On track to invest >€4bn in 2022 into mainly regulated Energy Networks delivering at least 6% electricity RAB growth p.a. until 2026

• Retail Solutions

• Increased share of German PV business "Mehr Ampere" to now 100% - leading to additional sales and installation capabilities
• First of its kind innovative energy community "Adeje Verde" in Tenerife

• New joint venture with Igneo aims to supply more than 1.5 million German households with full fiber broadband
• Migration of UK customers to new IT platform finalized despite energy crisis

Revenue growth of 40% in 2022 to >€1.1bn • SBTi reconfirms E.ON's targets

• Energy Infrastructure Solutions

Continuous earnings growth with >90% of 2022 EBITDA target already contracted and 23% yoy growth

4

Strong operational and financial performance

E.ON H1 2022 results

On track despite crisis

H1 key financials

Strong

BBB/Baa rating target

H1 business performance paves the way for FY 22 delivery

Interest rate development providing significant additional financial leeway for further growth

Clear and visible German retail legislation underlines manageable crisis impact

Core EBITDA1 outlook 2022

	€6.9-7.1bn
€bn	3.7	3.6
	Adj. Core
	EBITDA
	H1 2021	H1 2022

Debt factor target2

4.8x -5.2x

38.8

37.4

Economic

Net Debt

FY 2021 H1 2022

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

5