Single File Half-Year Financial Report: January - June 2022

Interim Report

January-June II/2022

#StandWithUkraine

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E.ON Group at a Glance: H1 2022

Business Development

Interim Report

Corporate Profile

Business Model

Special Events in the Reporting Period

Subsequent Events

Business Report

Industry Environment

Earnings Situation

Financial Situation

Asset Situation

Employees-Core Workforce

Forecast Report

Risks and Chances Report

Business Segments

Energy Networks

Customer Solutions

Non-Core Business

Condensed Consolidated Interim Financial Statements

E.ON SE and Subsidiaries Consolidated Statements of Income

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Contents

3 E.ON SE and Subsidiaries Consolidated Statements of Recognized Income and Expenses

4		28
E.ON SE and Subsidiaries Balance Sheets	29
5
E.ON SE and Subsidiaries Consolidated Statements of Cash Flows	30
6	Statement of Changes in Equity	31
6	(1) Summary of Significant Accounting Policies	33
(2) New Standards and Interpretations	33
6
(3) Impact of the War in Ukraine, the Development of the Commodity Markets and the
7
Covid-19 Pandemic	33
7	(4) Scope of Consolidation	34
7	(5) Acquisitions, Disposals and Discontinued Operations	34
(6) Financial Results	37
10
(7) Earnings per Share	38
15
(8) Companies Accounted for under the Equity Method and Other Financial Assets	39
17
(9) Treasury Shares	40
18
(10) Dividends	40
19	(11) Provisions for Pensions and Similar Obligations	41
20	(12) Additional Disclosures on Financial Instruments	42
21	(13) Segment Reporting	45
21	Responsibility Statement	48
22	Review Report	49
24	Financial Calendar and Imprint	50
26
27

E.ON Annual Report II/2022

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E.ON Group at a Glance: H1 2022

• Europe's energy markets still affected by the repercussions of the Russia-Ukraine war
• First-halfresults keep E.ON on course, despite turbulent times
• Outlook for the 2022 financial year at Group level reaffirmed
• Implementation of growth strategy on schedule
• Current interest-rateenvironment has positive effect on pension liabilities; from today's perspective, debt factor inside forecast range of 4.8 to 5.2 achievable

E.ON Annual Report II/2022

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4

Business Development

E.ON Group Financial Highlights
First half
€ in millions	2022	2021	+/- %
Sales	52,845	33,040	60
Adjusted EBITDA1	4,061	4,768	-15
Adjusted EBIT1	2,677	3,163	-15
Net income/Net loss	2,536	2,772	-9
Net income/Net loss attributable to shareholders of E.ON SE	2,258	2,548	-11
Adjusted net income	1,413	1,765	-20
E.ON Group investments	1,736	1,908	-9
Cash provided by operating activities	1,816	1,205	51
Cash provided by operating activities before interest and taxes	2,574	2,171	19
Economic net debt (June 30, 2022 and December 31, 2021)	37,444	38,773	-3
Employees (June 30, 2022 and December 31, 2021)2	68,535	69,733	-2
Earnings per share (€)3, 4	0.87	0.98	-11
Adjusted net income per share (€)3, 4	0.54	0.68	-21
Shares outstanding (weighted average; in millions)	2,609	2,607	0
1Adjusted for non-operating effects.
2Core workforce does not include apprentices, working students, or interns. This figure reports full-time equivalents ("FTE").
3Based on shares outstanding (weighted average).
4Attributable to shareholders of E.ON SE.

E.ON Annual Report II/2022

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Interim Report

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Interim Report

E.ON Annual Report II/2022